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In recent years, exchange rate which is as the main macroeconomic control measure and economic leverage tool plays an increasingly important role in the development of the domestic economy. The increase of exports, together with the reshuffling of export-oriented enterprises, makes RMB exchange rate the focus of attention in all academic and practical field. The paper made an empirical analysis on...
Using the income and consumption data of rural residents of China from the year 2002 to 2008, this paper builds up the panel data model, analyzes the influence of income gap on the rural consumption structure in China, meanwhile consumption functions of various expenditure based on income gap are estimated, and further discussions are also carried out according to the estimation results.
The farmers' income level is a comprehensive reflection of the national economic development level. Since the reform and opening up, farmers' income level in China has changed substantially. In this paper, we introduce some new changes of farmers' income in China in recent years. Then we establish an econometric model to analyze four main factors that influence farmers' income in China and their influencing...
This paper presents the growth effect of Chinese government non-tax revenue spending on its Gross Domestic Product (GDP) using the variance Decomposition Technique. The results show that Government Purchase (GP) expenditures have a significant explanatory power on the long-run economic growth. Whereas, Government Non-Tax Revenue Expenditure (GNR) and the Government Fundamental Investment (GFI) have...
Starting from the environment-strategy relationship perspective, the paper explains the industry and institution influence on M&A, and two propositions are given. With Baosteel Group Ltd. as target firm, the empirical analysis indicates that M&A by Chinese state-owned firms is response to environment.
Based on the fairness and benefits of the opportunity to accept higher education, tuition should be paid. The average cost of higher education and the ability of tuition paid which are determined by the average income are two fundamental basics for making the standard of tuition. In order to research the standard of tuition, the paper focuses on two issues: What is the acceptable range of tuition...
The performance auditing of national infrastructure project is the important regulatory measure to improve the project's performance, and risk aversion of audit could improve the auditing's quality effectively. The paper conducted investigation in-depth based on the existing research, designed a set of measuring scale for national infrastructure project performance auditing risk's controllability,...
In this paper IPOs of China's listed companies were studied. The extent of earning management was estimated with a cash flow-return model. By using hypothetical analysis, a multivariate regression model was obtained. Empirical analysis showed significant positive relation between earning management and IPO underpricing, and partial correlation coefficient analysis revealed that the relativity of offering...
Grey system theory is a new cross course by China famous scholar professor Deng Julong founded in 1982 . grey GM(1,1) model usually be used simulation and prediction of equidistant monitoring data sequent and gained a series of significant achievement in natural science and social science. But to non-equidistant and high growth data sequent, has to build the grey GM(1,1) model through equidistant...
Public service is a special mission, which is to resolve public issues involved the whole community. However, given the goals of building a harmonious society evidence shows that investment on public service in China is still insufficient. This article explores the incentive of local government on public service. Using game-theoretic framework this paper analyzes the possible strategies and payoffs...
Owing to the shortage of the city land reserve funds, loan funds generally are applied to reserve the lands besides the own funds. This paper aims at proposing city land reserve decision-making model under the condition of limited reserve funds based on market-oriented operation pattern of the city land reserve. The model can be used to confirm the reorder point in the process of land reserve, so...
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