The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Land is one of the most important factors that affect the economic growth. Studying on the theory of the problem that how land consolidation acts on the economy and industrial development will become a new research field along with the widely development of land consolidation projects in national scope. The article studies how land consolidation impacts on the economic growth through the economic...
According to the endogenous economic growth theory, environment improvement policy is the means to promote economic growth. The paper sets the Hamiltonian optimization model with emission tax policy and emission abatement investment policy being endogenous. By mathematical analysis, we find that environment policy can stimulate human capital and technological advances accumulating much faster so as...
Empirical analysis of the relationship between China's energy consumption and economic growth based on Time series data from 1978 to 2008 is conducted, using Cobb-Douglas production function and Co-integration analysis as well as error correction model. The results of study show that at the present stage, consumotion of energy has become an important factor in Promoting economic growth. Meanwhile,...
This paper constructs an economic growth theory in which economic growth is driven by knowledge accumulation and endogenously determined by the evolutionary dynamics of division of labor between scientific research and material production. Distinguished from the existing growth models based on representative individual's intertemporal choice, this paper formulates economy as an evolutionary process...
In order to verify the causality for the regional financial development and the economic growth in Shannxi, the multiple regression model, the co-integration analysis and Granger causality test is used in this paper. Empirical results show that the financial development in Shannxi hindered the economic growth from 1993 to 2008. The cause consists in the low efficiency of resources in financial intermediaries...
The development of software & information service industry promotes the economic growth in Dalian, China. And this paper examines the contribution of software & information service industry to the economic growth through contribution analysis and an econometric model basing on C-D production function with the data of Dalian from 1999 to 2008. The results are that the software & information...
In order to quantify the demand elasticity of China's imported crude oil, a long-run stable relationship is estimated among the crude oil import, income and crude oil prices by the autoregressive distributed lag (ARDL) bound testing approach over the period 1999-2009. Empirical results show that the short and long-run price elasticities of imported crude oil are positive and inelastic, and the long-run...
The Paper selects relevant data of GDP and energy consumption from 1953 to 2007 and makes an empirical study on long-term equilibrium and short-term dynamic between GDP and energy consumption through the co-integration test, Granger causality test and ECM. The paper. The paper reveals the connections of economy growth, energy production and consumption. The results indicate that energy consumption...
This paper focuses on the empirical research about how different factor-intensive services trade promoted China's economic growth. Our results show that three kind factor-intensive services trade play different roles on China's per capita production. The knowledge-intensive services trade contributed more to the economic growth than the labor-intensive and the capital-intensive services trade. We...
This paper attempts to shed light into the Granger causality relationship between energy consumption and economic growth allowing structural breaks for China, based on two multivariate time series models: a demand side model of energy consumption, real GDP and energy price and a production side model of GDP, energy, capital, and labor. To test for Granger causality in the presence of cointegration...
The European Union is working for a global agreement to control climate change. Several steps have been taken in order to cut its emissions and implement energy efficiency measures. In this context, this paper analyzes the role of renewable energies in the European Union, studying their evolution and shift-share components, thus identifying the competitive effects of the different countries. Furthermore,...
Although oil price rises rapidly in recent 10 years, China's macroeconomic situation has not been dampened by high oil price. High oil price and China's economic growth even demonstrates a positive relationship. Taking Chinese data from 1993 Q1 to 2008 Q2 as the research sample, the paper examines the causes of the dynamic relationship between oil price fluctuation and China's macroeconomic development...
Now our society faces a financial crisis. How to keep the economic growth and how to stand towering in this decline are focal points to all walks of life, so as construction. From the statistics of ENR Top 225 Contractors in 2007, we can know Chinese construction enterprises have a great progress in the international building market. However, we also can find there is a large weakness in such industrial...
Traditional theory suggests that the economic growth depends on capital, labor and other factor inputs and the progress of technology, which overlooks the factor of institution. Actually, under the condition of absence of factors increased and no change of technology, the improvement of productivity and the growth of economy can be achieved through the innovation of institution. This thesis tries...
In this paper, a two-sector endogenous growth model of energy-oriented regions with a constant returns-to-scale manufacturing sector characterized as learning by doing effect and a labor-intensive energy-extracting sector characterized as accepting passively technical spillover from the manufacturing sector is developed. A mechanism interpretation of ldquoresource curserdquo faced frequently by energy-oriented...
Reasonable structure is the guarantee of efficient fiscal expenditure for agriculture, consequently speed economic development. On the basis of existing literature review, this paper seeks to analyze the efficiency of current fiscal expenditure for agriculture. Using the sample data from 1990 to 2006, it sets up the C-D production function model. After the stationary test and cointegration test to...
A simple new classical growth model is developed to analyze the relationship between economic growth and environmental pollution, which proves the existence of the sustained growth path. This model is then endogenized to study the interaction among environmental pollution, human capital and economic growth in the long run. The similar growth path is shown and potent influences of different variables...
The relationship between emission of environmental degradation has received a lot of attention in the recent decades, this paper assumes that the EKC indicate the macro-interaction phenomenon between environment system and economic system, and the dynamics of an EKC can be explained by the complex activity of the system parameters. By introduced the green technical innovation and environmental investment...
Aghion and Howitt have respectively discussed the models of introducing the restraints of environment pollution and nonrenewable resources under the framework of Vertical Product Innovation. In this article, the authors try to introduce both the restraints of environment pollution and nonrenewable resources into Vertical Product Innovation model simultaneously. The basic conclusions of the model in...
The paper utilizes the panel data model which needs the values of GDP and industries dating from 2005 to 2006 in different areas to calculate the industrial contribution to the economic growth at the beginning of "11th Five-Year Plan" in China. Through the study on the contribution to the economic growth, this shows it can lead Chinapsilas economy to grow well that we harmoniously increase...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.