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In order to forecast the scale of logistics demand for a new-built airport, economic indicators are used to forecast the scale of logistics demand and the measuring indicator of the scale of logistics demand is studied. The factor analysis and back propagation (BP) artificial neural network theory are applied to set up a model to forecast the scale of the logistics. The application of factor analysis...
A set of indicator screening method on evaluation index system of new socialist countryside (NSC) is established and its rationality was tested in this paper. First, a preliminary index system containing 44 indicators was put forward concerning farmer, agricultural and rural economic development. Then, combining with a series of subjective and objective indicator screening methods, such as fuzzy synthetic...
This paper analyzes and compares more than 100 countries' purchasing power parity and exchange rate of 2005 with 1993 and 2005 as the benchmark year respectively, based on the data from the International Comparison Program (ICP). The results reveal that: (1) For a developing country, the exchange rate gradually tents toward the purchasing power parity given a period of sustained rapid economic growth...
Chinese government has raised an amount of investment to prevent the national economy from the financial crisis impact and to make economy increase stably and rapidly. How to maximize the utility of government investment plays an important role in the development of China. In view of the fact that government investment transmitting through the industrial chain can generate pull effect, and the fact...
The escalating housing price crisis and financial deficiencies in recent years made the government to reflect on how and to what extent that money supply affects the housing market in China. This paper analyzes the relationship among monetary policy, foreign speculative funds, and house prices in China, using monthly data from January 2003 through December 2009. A VAR system procedure is employed...
While the most optimistic economists and media commentators are rushing to declare that the worst of the world economic crisis is over, those declarations not only may be premature but also overshadow the fundamental reasons and possible lasting consequences of the current global downturn. In contrast to the prevailing line of arguments of the current orthodoxy on the reasons for the crises, this...
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...
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...
Speculativeness and instability of short-term capital flows would have an enormous impact on a country's financial stability and economic development. The paper summarizes the "push pull" impact of Chinese short-term capital flows mainly is: Domestic and foreign interest-rate spread, expected exchange rate, domestic capital market prices and domestic prices in commodity markets, and gains...
In this paper, we use vector autoregressive (VAR) models to characterise the Malaysian monetary policy and to investigate the roles of money, interest rate, credit, asset price and exchange rate channels in the Malaysian monetary transmission mechanism. Malaysia is an interesting small open economy to study because of the capital control measures imposed by the government following the 1997 Asian...
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...
Since the outset of the deregulation of international financial markets in the 1980s, the frequency of currency crises has increased. Solely in the 1990s, five global storms of financial turmoil, also including collapses of the currency, have occurred. To date, crisis forecasting and monitoring of financial stability is still at a preliminary stage. This paper explores whether the application of the...
This paper empirically tests Levine's [1] endogenous growth model, which suggests that stock market and tax policy jointly affect economic growth. Following Levine [1], tax or impeding financial market activities have the potential to lower per capita growth rate. Using monthly data from 1980 to 2008, the relationship between tax revenue, stock market as proxies by direct tax revenue and KLCI respectively...
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 thesis includes four parts: The first part is the introduction; The second part is the imbalance analysis of Chinese Regional Economic Development; The third part is Chinese regional economic development path; The fourth part gave the conclusion that is Balance is relative, and the difference is absolute. Regional economic development can never be absolutely balanced. Chinese regional economic...
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...
According to pension's structure composed of basic pension and personal-account pension, the paper builds pension replacement rate models respectively, and analyzes replacement rate's key factors-wage growth rate, interest rate and fee-contributing year by elasticity-analysis. Aimed at ensuring retirees' approximately quite living standards pre and post the retirement and stationary operation of pension...
By using the stochastic frontier analysis, this paper analyses the efficiency of monetary policy in China. According to monetary transmission theory, central bank could influence money aggregate, production level and price level by employing monetary instruments. Using the monthly data from September 2002 to October 2009, we investigate the output efficiency of monetary policy instruments on money...
Selecting gross domestic product(GDP) and gross output from 1990 to 2007 of Henan Province as time series, this paper constructs triple exponential smoothing models to predict GDP and gross output in 2010 and 2012 of Henan Province, and then draws up the price input-output tables in 2010 and 2012 for Henan Province by means of prorate distribution and the RAS approach according to the predicted values...
This paper analyzes the effects of economic contraction of US on Chinese real economy through the channel of FDI, using the VAR model, Granger-causality test and Impulse response function. The results show that the Macro-economy variables of China and US have tight and causal relationships. The economic contraction of US induces the drop of FDI inflow and export of Chinese foreign-funded enterprises,...
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