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Energy resources are one of the main components of the production cost. The volume of this kind of cost depends on the consumption and tariffs set by suppliers. The branches of the economy are mutually related at the stage of production and sales. A number of macroeconomic indicators, which are quite complex systems, characterizes their activities. Identify the impact on them of tariffs on energy...
Energy rebound effect theory provides supports for energy policies, which has become a hot research direction at home and abroad. In this paper, we conduct empirical research of energy rebound effect using 1978-2007 macroeconomic data at China's national and three industries level. The results show that: the average energy rebound effect of China during 1979-2006 is 58.24%, a little higher than most...
This study made an analysis of agricultural land use efficiency in APEC (Asia-Pacific Economic Cooperation) with an objective to find which member economy can produce at least the same amount of food production with less resources input. To do so, data envelopment analysis (DEA), a useful method to evaluate the efficiency and productivity of a number of producers which consume multiple inputs to produce...
The basic picture and framework of the transnational interregional Input-Output (I-O) table cross countries is introduced, and conventional impact analyses will be conducted to capture cross-border transactions and inter-linkages, from one region to another region, and vice versa. Also, the relationship between regional linkages and the import/export trades will be investigated. The I-O tables-received...
In addition to macroeconomic effects, the stock market conditions also closely relates to a number of unexpected events. The taken place of Wenchuan earthquake on May 12th, 2008, had short-term effects on the stock market, some experienced suspension, but some experienced soaring. 66 listed companies from Sichuan and Chongqing had experienced suspension from 13th of May, due to the earthquake. 45...
There is close relationship between foreign trade and economy growth. China's export trade and import trade develop rapidly and foreign direct investment is becoming more and more since China's reform and opening up which can make impact on China's real economy development. The impact mechanism of foreign trade on real economy in China has been analyzed by using yearly data from 1982 to 2009 based...
In order to evaluate the impact of investment and technology stock on total production, a panel date model is used in this paper. By introducing investment in fixed assets as investment's proxy, estimation of the number of in-force issued patents from 30 provincial capitals and 5 cities specially designated in the state plan as technology stock's proxy, the paper model can solve the problem of parameter...
Most of western classic theories of economic development neglect the contribution of land element to economic growth. But land element has made great contribution to China's economic growth at the present stage. Based on translog production function, this paper constructs an economic growth model of Guangdong Province of China including land element, and solves the model parameters by using ridge...
This paper investigates the effect of different levels of rationality on the Lucas-Islands model of economic behaviour. In particular, this is studied through the use of Agent-based Computational Economics, where individual economic agents are represented by separate computational entities in an interacting computer simulation. Three different economic models are studied: one where workers are assigned...
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...
The purpose of this paper is to analyze the environmental and economic effects of trade liberalization, we use a Computable general equilibrium (CGE) model to examine the impact of a trade bloc consisting of the US and China. We find some macro-economic variables such as gross domestic product (GDP), disposable income, import, export, production and consumption increases for two members of the trade...
The technical barriers to trade (TBT) to one industry set up by developed countries not only affect one single industry of China, but also influence the output of other industries, the overall macro-economic level and the residents' welfare standards, due to the economic system is interactive. Computable General Equilibrium (CGE) Model is based on general equilibrium theory, which is a useful tool...
This paper focuses on Chinese energy efficiency and all the other relative factors which will cause the change of energy usage based on the fact that Chinese government is quite different with the other countries' governments in energy policies. The causal-loop diagram which systematic dynamic method provided gives us a tool to describe those effects more specifically and explain how the rebound effect...
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...
Based on the value flow process, this paper constructs a value flow GERT network model, proposes confirming methods of relative parameters, and studies the analytical solution of the value flow GERT network model. Then the paper applies value flow GERT network model on the field of macroeconomics through an example of value flow processes between sectors of the economy system, gets outputs, transfers...
Based on the panel data of China's 30 regions during 1998-2005, this study conducted an empirical analysis on the regional innovation efficiency of China by using the stochastic frontier production function. Our results show that there is a distinct positive correlation between the educational level of workers and the region's innovation efficiency, and there is a distinct negative correlation between...
This paper focuses on the cost of substitution of intermediate goods and investigates how it affects macroeconomic dynamics after a natural disaster. This paper develops a macroeconomic model to show that the cost of substitution of intermediate goods is an important factor for expanding economic loss by inducing the ??cascade effect.?? In addition, it illustrated that the cost of substitution can...
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...
In this paper, we mainly use dynamic methods to consider how the impatience affects the economic stability. And we assume that labor supply is inelastic and the role that physical capital plays in stabilizing the real side of the economy by ensuring uniqueness of equilibrium in alternative environments if the monetary authority follows interest-rate feedback rules. The rate of time preference may...
This paper analyzes the effects of energy price shocks from a general equilibrium standpoint of the features of modern business cycles. This study modifies a typical real business cycle model with indivisible labor by explicitly including energy as a productive input and modeling the relative price of energy as an exogenous random process. In closed models, the production technology of firms is described...
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