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In this paper, I build from scratch a basic agent-based macroeconomic model, featuring fifty representative agents whose decisions to consume and save depend on the current relative performance of the economy at-large. I run three different experiments in the framework: the first, on the effects of tax and spending "flexibility" on stabilizing output, the second, on the ability of spending...
This paper develops a general law of the growth process of information systems of enterprises in northeast old industrial base. Based on the classical study of Nolan, the paper collected related history data of information systems construction by means of an investigation of 267 enterprises in northeast old industrial base. Then, according to the growth rate of annual information systems expenditures,...
The paper is devoted to analyzing the impact of government investment on the economic cycle theoretically and empirically based on IS-LM model. The findings show that there is no relevance between government investment and macroeconomic volatility; To the three industries, the central government investment and local government investment render no effect on the first industry and the third industry...
The global financial crisis sprang from the Wall street have swept all the world, the financial markets and real economies in developed countries are badly affected. As the world's third largest economy, china can not sit idly. Affected by the crisis, in 2008 China's economic growth began to decline from the peak and declined quarter by quarter, the annual growth rate was 8% of the troika that promtes...
In the background of the global financial crisis, the public economic policy to play an important role as the operational guidelines and measures of regulating macroeconomic and controlling to guide people's economic activities. This article talked about the response initiatives of the public economic policy in the financial crisis based on the categories of the public economic policy, which from...
Government financial support for agriculture plays an important role in both agricultural economic development and farmers' income growth. However, China's public finance investment in the agricultural sector has being insufficient and inefficient for a quite long time. Based on the empirical analysis between government expenditure in agricultural sector and from 1985 to 2006 in Jiangsu province,...
Under the financial crisis, it is important for China to make use of public-private partnerships (PPP) for infrastructure construction. This paper emphasizes multi-task bundling of PPP on the condition of incomplete contracts and asymmetric information, involving the bundling of two tasks of building and operating infrastructures used for the provision of public services, as well as that of three...
Based on the panel data of 498 counties of Central China from 2000 to 2006, this paper uses a stochastic frontier approach to estimate the fluctuation of technical efficiency in this region, and empirically calculates the effect of fiscal factors influencing the technical efficiency. The empirical results show that, with the implementation of "central rise" strategy, technical efficiency...
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...
Scope: Commercial banks, as the key of the nation's economy and the center of financial credit, play a multiple irreplaceable role in the financial system. Credit risks threaten the economic system as a whole. Therefore, predicting bank financial credit risks is crucial to prevent and lessen the incoming negative effects on the economic system. Objective: This study aims to apply a credit risk assessment...
There are rare foreign scholars researching the financing problem of environmental industry until the mid-90's of 20th century, before that time, popular was the traditional theory of public goods which were funded by governmental finance, while some quasi-public goods may be invested by private capital. With the increasing spread and expansion of financial crisis in western countries during mid-90's...
In order to collect the funds to restore and preserve the groundwater in China, it is important to study the proportion of each financing mode. The applicable financing modes of restoration and preservation project for Chinapsilas groundwater include seven, such as national financial transfer payment, national treasury bonds, local government financial transfer payment, municipal bonds, Bank Loans,...
This paper uses the panel data (1994-2005) of all provinces in China and takes the important factors (investment, import and export, human capital, FDI, government expenditure and so on) which impact Chinapsilas economic growth as control variables, employing the two-way fixed-effect model and GMM method (Panel Generalized Method of Moments) to estimate the correlation between financial development...
In this paper, we use addilog utility function to build a microeconomic basement for private consumption. To study the different effect of government spending on private consumption in different areas in China. Using the method of panel cointegration, we analyse the data from 1985 to 2004 of 29 province in China ,and found that on the level of China's economy as a whole, private consumption continued...
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