Table of Content

16 May 2011, Volume 31 Issue 5

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EMPIRICAL RESEARCH OF RESTRUCTURING INCOME DISTRIBUTION AND EXPANDING CONSUMPTION IN CHINA'S TRANSITIONAL PERIOD——On the Basis of Two-sector Input-output Analytical Framework

CHEN Zhang, XU Xian-peng, CHEN Shu-xia

2011, 31(5):  5-16. 

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Regarding the introduced technological progress style and unbalanced growth of China,we built up a two-sector input-output model.On this basis,we analyzed China's economic structural problems and their formation mechanism,and logically explained the relationship of the income distribution structure and the consumption structure.In the background of current economic crisis and the period of developing mode transformation,the short-run policy of improving the structural situation,is to adjust income distribution(which means reducing the capital return of the upper sector to increase the compensation of labors both in the upper and bottom sectors) to expand consumption,which is supported by empirical results.Research mode of this paper provided a new analytical framework for the input-output analysis.

COMPARATIVE INNOVATION SYSTEMS AND COMPARATIVE HISTORICAL INNOVATION SYSTEMS:A NEW FRAMEWORK OF COMPARATIVE ECONOMICS

JIA Gen-liang

2011, 31(5):  17-26. 

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In recent decades,in virtue of abroad influence from new institutional economics and game theory,comparative institutional analysis and historical institutional analysis have become the most influential analytical paradigms in the field of comparative economics.However,these two paradigms are both deficient in dealing with many issues such as technological innovation,institutional evolution and structure transition.To overcome these shortcomings,based on the methodology of evolutionary economics,this paper put forward a new idea to constitute comparative innovation systems and comparative historical innovation systems as a new framework of comparative economics,and briefly accounted for the great theoretical differences between the new framework and the old one.Furthermore,this paper discussed the concept,system and significance of this new framework,reviewed the latest progress of relative research,and discussed the major hot issues about comparative innovation systems and comparative historical innovation systems.This paper concluded that comparative innovation systems and comparative historical innovation systems were indispensable research tools for the construction of innovation-oriented nation,and provided the most valuable paradigm and framework for the development of comparative economics,which should not be excluded by comparative economics.

ARE ECONOMISTS MORE SELFISH THAN THE REST

ZHANG Yi-hao

2011, 31(5):  27-35. 

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Many foreign scholars adopted different empirical methods,such as moral experiments or survey data to inquiry whether economists are more selfish than other groups in recent years.Most of results have proved that economists behave more selfish than non-economists,and also lack pro-social behaviors generally.The reasons can be divided into the gender difference hypothesis,self choice hypothesis and indoctrination hypothesis,etc.This paper summarized these classical studies to emphatically analyze the economists' behavior in the financial crisis.The results showed that the education of economics courses has long-term effects on students who would become micro impellers of the global financial crisis.The neoclassical economists are also responsible for the crisis by calling it an unpredictable.

REVIEW OF NEWLY RESEARCH ON NEW ECONOMIC GEOGRAPHY

WANG Dan

2011, 31(5):  36-41. 

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Paul Krugman,the founder of the new economic geography theory,discussed a general equilibrium model on the assumption of imperfect competition market structure,which is the main difference between the new and traditional economic geography theory.Many abroad scholars have conducted in depth studies on theory expanding and empirical research. In order to summary the responsive policy of regional development,this paper reviewed on newly research on new economic geography theory since 1990s,especially in the 21^st century,from the following three aspects: expanding theory menu,the empirical research,the welfare analysis and policy research.

NEWLY RESEARCH ON TAX EXPENDITURES

MAO Jie

2011, 31(5):  42-50. 

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This paper is a literature review on the study of tax expenditures,focused on the theoretical framework and the real effects.Debates on encouraging or restraining tax expenditures would never cease due to their positive functions and negative influence.Theoretical studies indicated that the optimal level of tax expenditures achieved by considering economic efficiency could stimulate employment and improve the income distribution,closely link up with the political systems and social choices.Relevant empirical research found that there are multiple effects of tax expenditures on individual and government behaviors as well as industry development.

THE HETEROGENEITY OF INVESTMENT DECISIONS AND DIFFERENT EFFECTS OF MONETARY POLICY

LI Jun-feng, LI Bin

2011, 31(5):  51-59. 

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On the basis of empirical results of recent China's investment demand,we established neoclassical investment models for different market actors.The difference of objective functions and constraints resulted in the following conclusions:(1) monetary policies(with interest and reserve) have significant negative effects on the investment of private-owned companies and households,little effect on state-owned companies,and zero or positive effect on the government;(2) credit constraints have significant effects on the investment of private-owned companies and households,little effect on state-owned companies,and none effect on the government;(3) policies such as the proportion of state-owned companies' profit tuning-in could influence the investment decision of state-owned companies,and the real estate policies could influence the investment decision of local governments and households.

RESEARCH ON FINANCIAL CLUSTER BASED ON THE HEADQUARTER-ECONOMIC DEVELOPMENT CAPABILITY

WANG Xiao, YAO Hui

2011, 31(5):  60-66. 

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With the growing of financial activities,how to develop a regional financial center? The paper selected the economic indicators of sub-provincial level cities and municipalities for three years,and carried the principal component analysis about the relationship between the headquarter-economic development capability and the financial cluster.The paper established the Car-model as a derivative theory of the Diamond model,and studied on the basic conditions of the regional financial center's construction.

POLICY AND DEVELOPMENT IN CHINA'S WIND-POWER INDUSTRY——A Study based on Substitution Effect between Traditional Power Electricity and Wind Power Electricity

DI Yuan, LIU Xiao-ou

2011, 31(5):  67-74. 

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This paper analyzed the demand elasticity of substitution of wind power electricity to traditional power electricity,by constructing the social electricity demand function.To internalize the negative externalities that the traditional power electricity brings to the society,the government could raise the price of traditional electricity through certain policy instruments.The social demand for wind power would therefore significantly increase through the substitution effect.Driven by increasing demand,the wind power industry would achieve rapid growth.Our computation results showed that,taken the year of 2009 as an example,by increased 0.01 yuan in the price of traditional power electricity,the demand of wind power electricity in the whole could be raised by 103 million kilowatts at most.Therefore,the government could try to use policy instruments such as carbon tax or pollution quotas to increase the price of traditional power electricity,increase the society's total demand for wind power,promote wind power industrial progress,and optimize the social welfare.

LITERATURE REVIEW ON CIRCULATION INDUSTRY IN ETHNIC MINORITY AREAS

LIU Si-wei, XIANG Zuo-yi, XU Zhi-yao

2011, 31(5):  75-81. 

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It is greatly significant to develop circulation industry in ethnic minority areas.Current research has achieved some progress on the study of the status,problems,restricting factors and response policies of the circulation industry.The future research would be expected to make a breakthrough in three respects: adopting a mainstream economic research framework,generalizing the ethnic characteristic and introducing some modern econometric instruments.

HOW TO EXPLAIN THE DIFFERENTIAL ECONOMIC GROWTH BETWEEN CHINA AND INDIA——Review from an Institutional Perspective

YANG Yi-shuang

2011, 31(5):  82-89. 

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Based on the characters of the comparative study,this paper reviewed and analyzed the domestic and foreign comparative study on the evolution of China and India,which evolved from the essential factor's growth to the institutional transformation,from the short-term macroeconomic comparison to the long-term sustainable growth.This paper emphasized the rationality of institutional path on the comparative study of China and India,and discussed the importance role of institutions in the growth of China and India.

TECHNICAL EFFICIENCY, DECOMPOSITION OF TOTAL FACTOR PRODUCTIVITY GROWTH AND REGIONAL DIFFERENCES IN ECONOMIC GROWTH——Evidence from Inner Mongolia

DU Feng-lian, DONG Jing-ze, GAO Guo-peng

2011, 31(5):  90-97. 

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By using stochastic frontier analysis and taking Inner Mongolia as an example,this paper estimated the technical efficiency function and decomposed the total factor productivity growth.The main findings are as follows:(1) the technical efficiency and TFP growth rate are positively related with the economic growth;(2) the factors such as urbanization,industrialization,and human resource increase the technical efficiency,and other factors such as the share of state-owned enterprises and the ratio of fiscal expenditure in GDP decrease the technical efficiency;(3) the technological progress is the main driving force for TFP growth,and the contributions of the technical efficiency and scale economy effect to the growth are much less.

REGIONAL ENTREPRENEURIAL CLIMATE AND ITS WORKING MECHANISM——An Analysis Framework of Entrepreneurship at a Population Level

WU Yi-gang, RONG Zhao-zi

2011, 31(5):  98-105. 

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Entrepreneurial climate is the collective and external display of mental ability,values and social conventions of all the members within a region.Entrepreneurial climate is an endogenous consequence of entrepreneurship study,psychological experience and social interaction evolving from the entrepreneurial activities.Entrepreneurial climate improves the copy frequency of entrepreneurial practices and the level of regional entrepreneurial activities by enhancing the average entrepreneur income and changing the entrepreneur venture preference.There is a positive relationship between entrepreneurial climate and entrepreneurial activities with the knowledge accumulation and reward incentive.The key to raise the entrepreneurship level of the central and western regions is to foster entrepreneurial climate and achieve the threshold of a breakthrough.

AN EMPIRICAL STUDY ON THE FACTORS TO THE DEMAND OF RURAL MICRO-INSURANCE PURCHASE——Based on the Survey Data in Jiangsu Province

LIU Yan, LU Ya-juan

2011, 31(5):  106-112. 

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Based on a survey of 379 samples of the rural population from 13 cities in Jiangsu Province,this paper built a model to analyze the main factors impacting the demand of rural micro-insurance purchase.The research showed that the demand of micro-insurance purchase for the rural population is significantly affected by their age,the level of education,the cognitive level of the insurance,the risk situation in the last three years and the risk source.While factors such as the employment status,the household yearly average income,the household savings,the average per capita land capacity and the insurance situation only had very minor impacts on the demand of micro-insurance purchase.