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Credit markets play essential roles in financial institutions. In developing countries, especially in emerging market countries which are in the process of restructuring of industry, it is important to identify the reasons of credit constrains by an efficient way to facilitate economic transaction. On common phenomena in China rural credit markets is the informal credit market develop rapidly, it...
Modern service industry (MSI) is an information and knowledge intensive service industry, relying on information technology and modern management philosophy. The development of MSI is of high significance for promoting rapid global economy, accelerating social progress, and building an innovation-oriented society and harmonious realm. This paper first presents the history and trends of MIS in China...
The development of modern services cannot do without the staffs in this field. As the global industry transfers from industrial economy to service economy, the labor demand for modern services keeps increasing. The research reviews labor demand theories and its various incidence impacts, and carries out forecast research and incidence research of the number of people engaged in services in the future...
Regional eco-economic system is an open complex system with the interaction between human being and nature. As a policy guide and planning tool for sustainability, the ecological footprint method created by Rees and Wackernagel has been widely used with an ongoing discussion and modification. In this paper, by using the panel data model, we improved the ecological footprint model, accounted the changing...
This paper discusses how various kinds of major economic factors affect China's tax growth. We apply the panel unit root testing, panel co integration testing and panel-based error correction models to analyze the long-term stable relationship among tax growth, GDP growth, optimization of industrial structure and import for 30 provinces during 1994-2008 periods. The empirical results show that in...
Based on the theoretical principles of Kuznets hypothesis, this paper firstly proposes the Kuznets hypothesis of energy consumption. Empirical analysis in China's 29 provincial regions shows that: The current situations of China's provincial regions have not met the inverted U-shaped curve's inflection of the energy Kuznets hypothesis yet. According to the relationship between Energy consumption and...
This paper studies the relationship among service industry, urbanization and economy growth of China since the reform and opening up by establishing a multi-variable econometric model and using the Johanson cointegration test and impulse response function. We found that the service development and economic growth affected each other in both directions in the long-term, and the economic growth raises...
Over-development of fictitious economy may produce bubble capital and bubble burst can induce financial crisis. The Granger cause of the representative variable of real economy to the variables of fictitious economy in China is tested and the bubble expansion rate of each period of China's fictitious economy is calculated by the quarterly data from the second quarter of 1998 to the forth quarter of...
According to the unbalanced regional economic development in China, this paper applied dynamic econometrics to research on the innovation output elasticity of each region. Select patent applications and GDP as the index of innovation output and economic growth, and there exists dynamic relationship between them. Based on the model of Polynomial Distributed Lags (PDLs), the results show that, in china...
Carbon intensity (CO2/GDP), as an indicator, is easy to understand and use, but has serious limitations. In most countries, most CO2 emissions come from consumption of fossil energy. Energy alone cannot produce any output, and it must be combined with other factors, such as capital and labor, in production. Therefore, an economy's resource endowments will inevitably influence its energy consumption...
Spatial panel models of inter-provincial carbon emissions impact factors were established based on STIRPAT model in China. A spatial autocorrelation test of carbon emissions of each province in China from 1997 to 2007 had been done. Then, a spatial panel analysis of carbon emissions impact factors including total population, per capita GDP, and energy intensity was done. Conclusion: the activities...
Due to the rapidly rising ratio of dependence on foreign trade, China's economic growth risk is increasing continuously. This paper analyzes the effect of widening gap of income distribution in china by establishing a simple and applicable theoretical model. The widening gap of income distribution results in shortage of domestic demand, speedy increasing of investment and the internal structural imbalance...
Since reform and opening up to the outside world, rapid industrialization and urbanization in China have played an important role in the increase of energy consumption. China became the second energy consumption country all over the world in 2008. As a big country in energy consumption, forecasting energy consumption is one of the most important tools for energy policy setting. Although there are...
This paper explains the mechanism that intellectual property protection affects import trade, and investigates the impact of intellectual property right protection on import trade by using inter-provincial panel data in China. The empirical results show that the relationship between patent protection system and high-tech products imports is significant and positive, stronger patent protection system...
Longevity risk pose a major challenge for life insurers and pension funds around the world. As a new risk management tool, securitization can offer great opportunities for hedging this risk. The purpose of this paper is to improve the design of longevity bonds in an incomplete market framework. The paper develops a stochastic survival model suitable for financial pricing and risk management applications...
In view of Institution theory, this paper studied the impact of institution environment of host country on the outward direct investment of China. Based on the data of our outward direct investment to 99 countries, this paper used principal components analysis to establish the institutional index of host countries. This paper finds out the institutional index of host countries has a significant positive...
In order to examine the relationship between economic growth and energy consumption for Hebei province which consumed about 9% of the total energy consumed in China. Firstly, we made a cointegration analysis on the relationship between primary energy consumption and economic growth for Hebei province of China based on the corresponding data from 1993 to 2007. The results indicates that there was a...
This year is the fiftieth anniversary of China-Africa agricultural cooperation. China and Africa are highly complementary in the agriculture resources, markets and technologies. After fifty-year development, China-Africa agricultural cooperation has yielded great results; the bilateral trade of agricultural products is developing rapidly and potentially. This paper systematically analyzes the determinants...
Balance of payments is one of the main economic goals for an open economy. This paper uses the unit root test, co-integration test and VAR model to make an empirical analysis on the relationship between China's current account, capital account and GDP from 1982 to 2009. The results showed that the co-integration relationship between the current account and GDP, GDP does Granger cause current account...
In this paper, we consider fuzzy variable weight combining forecasting which based on optimal combining forecasting and integrate those two modeling methods. Studies show that: optimal combining forecasting combines forecasting methods in a period of time and makes forecast through fixing the weight of forecasting methods that in the combination. But it does not consider that the weight will vary...
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