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Kaplow (2006) presented a theoretical analysis on the distributive incidence of public goods which can help guide empirical efforts. This paper mainly analyzes the effects on fiscal revenue of public goods provision by utilizing panel model based on Chinese provincial data from 2001 through 2008. The main conclusion drawn is that changes in fiscal outlay and rural resident's net income bring about...
Social harmony and equitable development are fundamentals of stable development of the society. As an important policy instrument of macro-regulation of the government, public expenditures embody the function scope of the government and thus play a great role in promoting social equity. In this paper, Gini coefficient and rural-urban income disparity are chosen as the indicators to measure social...
The result of empirical study indicates that the jurisdictional disparity of fiscal capacity in China has been enlarged in the recent years although the total amount of central government grant has increased with the development of economy. The defects of intergovernmental transfer system that is a main means of equalization contribute to this phenomenon. It is necessary to construct an equalization...
To address the shortage of supply of urban infrastructure, a large amount of private capital is required to participate in construction and operation of the urban infrastructure project. At present, the policy has allowed the private capital to participate in such project through project financing pattern (such as BOT, TOT and PPP, etc.). In order to attract more private capital to participate in...
In this paper, we use vector autoregressive (VAR) models to characterise the Malaysian monetary policy and to investigate the roles of money, interest rate, credit, asset price and exchange rate channels in the Malaysian monetary transmission mechanism. Malaysia is an interesting small open economy to study because of the capital control measures imposed by the government following the 1997 Asian...
In this paper, on the basis of previous studies derived the local government debt risk assessment model, established risk prediction methods by using BP artificial neural network model, and analyzed this method through an example. So provide a set of scientific method to evaluate the local government debt risk and predict the short-term risk. This is useful for adoption effective means to control...
Carrying out the way of operation with the BT investment building has gradually become a very new and effective model among governmental economic cooperation and enterprise. It has a strong advantage of financial capability, high efficiency of construction, low government risk and higher return on investment, well favor of the government and enterprises, in line with national trends in the implementation...
BT model is widely used in municipal infrastructure construction financing in recent years. The repurchase price of BT project is the core issues between project sponsor and BT investors. Repurchase price consists of two parts: project settlement price and investment income. Return on investment is closely related to bank lending rates, social discount rate and the risk level of investor tolerance...
Recent researches indicate stock market development largely benefited from effective law enforcement for investors. This paper compares law enforcement effectiveness internationally across 49 countries' legal origin, focusing on influence of resource investment in law enforcement had on the stock market development. Research shows public enforcement and private enforcement work hand in hand to provide...
Selection method of construction agent is the crucial issue in the implementation process of agent construction system in China. At present, selecting construction agent by public tendering appears weaknesses due to the restrictions that brought from imperfect competition in construction agent market. Some domestic regions introduced construction agent list to select construction agent, which can...
Based on the summary achievements in the research related to credit evaluation, in this paper, an evaluation on construction-agency on behalf of government is being put into practice, by taking into account the extensive application of construction-agent system and credit crisis problem in domestic market. In order to enable government evaluate construction-agencies' credit, a credit evaluation index...
A new method based on the integration of evidence theory and unascertained measure is put forward for the government investment projects evaluation. The dimensions of index system are reduced by evidence theory. Then, the data of the indexes reduced is input into unascertained measure. Empirical study has shown that the method used in the government investment projects evaluation is feasible and reliable.
The remuneration incentives and the indexes of their effect measurement for the managers of the State-Owned Enterprises (SOE) are systematically designed in this paper, and the descriptive statistic analysis is made of the empirical samples. The principal component analysis and the cluster analysis are used to carry out the dimension reduction and weight assignment of the index structure vectors of...
In the end of the 20th century the governments of many countries faced the necessity of reforming the classical models of the government which appeared inconsistent with the emerging informatization of the society. Experts of the World Bank recognize the following problems to be common for the majority of the countries: (1) growth of cumulative employment and expenses on wages in public sector; (2)...
Based on the data of 1978-2007, the relationship between service industry development and financial support in northeast China is discussed by co-integration analysis and Granger causality test. We can conclude from the results of the empirical analysis that there exists long-term dynamic equilibrium interrelation, and that there is one-way Granger causality between the two, namely financial support...
This paper presents an empirical study of the innovation efficiency in Chinese high-tech industry and its subdivision determinants, based on the panel data of 17 individual four-digit high-tech industries from 1996 to 2007 and the methods of Malmquist-Tobit. The results indicate that technological progress promoting the innovation efficiency level while technical efficiency are completely offset this...
Less than enough investment is the major obstacle to environmental protection in developing countries. Although China in recent years increasing gradually total investment of environmental protection, there exists large investment gap comparing with environmental problems which we are facing. According to the data of GDP, public finance expenditure in proportion of GDP, structure of public finance...
As the state-owned enterprises are making further reforms and all levels of State-owned Assets Supervision and Administration Commission of the State Council have been established, there is the need to set up a set of state-owned capital management budget, to better reflect the investment and utility of state-owned capital and realize the value preservation and increment. This essay first makes clear...
Moderate government fiscal expenditure is able to effectively guide private investment, and redeem market limitation, consequently speed economic development. On the basis of existing literature review, this paper employs dasiaBarro rulepsila and Karraspsilas theoretic framework, investigates the optimal scale of rural fiscal expenditure in China. The result of experimental analysis indicates, although...
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