Table of Content

16 May 2004, Volume 24 Issue 5

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IMPROVING THE SOCIALIST SYSTEM OF MARKET ECONOMY

SONG Tao

2004, (5):  5-10. 

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To improve the system of socialist market economy is to exchange freely the production factors and products, that is, firms can buy in time the production factors they need, can sell out their products and continue their production. To be sure, improving the system of socialist market economy will improve our development of national economy.

CHINESE FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH:POSITIVE ANALYSIS BASED ON MICROECONOMIC DATA

CHENG Hua

2004, (5):  24-29. 

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By analyzing the relationship of Chinese financial development and economic growth, thispaper finds that, even for listed companies, bank loans are the most important external financial channelsand support the investment of firms. It also points out that the structures and the efficiencies of loans arenot desirable, and other financial tools are not enough. All of these show that bank industry, while improves the development of our national economy, is still imperfect in optimizing capital flows or allocating resources.

COMPENSATING LAND-LOST FARMERS WHEN URBANIZING

KONG Xiang-zhi, WANG Zhi-qiang

2004, (5):  60-65. 

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This paper argues that the main problems when land-lost farmers are redeemed are: lowstandard and part compensations; monetary allocation is in fact not allocated: the land collect process isnot transparent, farmers not informed or be allowed to voice. So, we should reform our current system ofland collect and redeem, enforce the farms' land-ownerships and land-treatment rights, modify relativelaws and codes; enforce the system of state-collect land for public projects, reduce the range of land collect; establish the system of market-collect land for business; change the measure and allocation ways of redeeming land; properly reallocate land-lost farmers.

MACROECONOMIC POLICIES:INTERNATIONAL INTERACTIONS AND EFFECTS

SONG Yu-hua, XU Qian-chun

2004, (5):  66-72. 

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Using Granger causality test and cointegration test, by analyzing the change rates, in several countries, of the interest rate in money market, money supply, net government debts, and government expenditures, this paper finds the notable relationships among international fiscal and monetary policies.By including GDP, economic welfare effects can also be seen.