Table of Content

16 June 2007, Volume 27 Issue 6

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PRODUCTION INSTITUTIONS AND GREAT CHANGE IN THINKING OF ECONOMIC SYSTEM REFORM

JIA Gen-liang, ZENG Yun-min

2007, (6):  5-12. 

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Based on "transaction institution" and some observable data,reform during 1990s is considered as successful. This paper,however,argues that it is not true from the perspective of deep economic structures:the reform destroys or weakens the production institution,which is oriented by learning,ability increase,and innovation,and China is getting down to the lower ends of international industrial chains. In order to realize the strategic goal of self-innovation and innovative nation,we must change our thinking ways of economic reform and emphasize the building of production institution and innovation policy.

P-STAR MODEL AND MEASURING INFLATION PRESSURE

YANG Yun-jie, ZHANG Yong-jun

2007, (6):  18-24. 

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Inflation pressure is usually measured by the gap between real output and potential output over the changing rate of price level. Sometimes it is measured by the biased rate of money circulation speed to its trend. Since 1990,P-Star model is becoming international popular but seldom used by domestic researchers. Therefore,this paper tries to utilize the P-Star model to estimate the Chinese inflation pressure and give some suggestions.

STABILITY OF CHINESE MONEY DEMAND

FAN Cong-lai

2007, (6):  35-41. 

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At the early part of China reform,financial innovation affects the economy faintly because of less new substitutable assets and single structure. With the reform going on,trending factors will affect the economy more greatly while institutional factors more weakly. After entering WTO,with the entry of foreign banks and marketizing of interest rates,our financial innovation is increasing and will be the important topic for instability of money demand.

POSITIVE ANALYSIS:CHINESE REDEEM OF OPEN FUNDS

REN Huai-xiu, WANG Tao

2007, (6):  42-47. 

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Positive analysis shows that many factors affect the redeem of open funds,such as net value changes,dividends,the time since the forming of the funds,brand,the structure of investors,and so on. So,this paper suggests countermeasures to these factors.

HUMAN RESOURCES MANAGEMENT AND FIRMS' PERFORMANCE:THINKING ON DOMESTIC AND FOREIGN POSITIVE ANALYSIS

SU Zhong-xing, ZENG Xiang-quan, Patrick M. Wright

2007, (6):  61-69. 

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The relationships between human resources management system and firms' performance are the focus for the positive research of strategic human resources management. Comparison of Chinese and foreign positive analysis shows that the outcome is greatly different. Foreign analysis shows the active relationships between the two,while Chinese analysis insignificant relationships. The reason may be the Chinese particular social background and the imperfect positive ways. Therefore,we should improve our positive analysis.

REGIONAL FINANCIAL MARKET OF INDIRECT FINANCING AND THE POSITIVE SPILL-OVER EFFECT OF FOREIGN DIRECT INVESTMENTS

LI Guo-min, WANG Qiu-shi

2007, (6):  70-75. 

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Based on penal data of Chinese provinces and cities during 1985 to 2004,the analysis of different contributions of FDI for regional economic growth shows that there are no necessarily positive correlations between FDI and economic growth,while there is obvious positive spill-over effect for the areas which have more developed indirect financing markets. So,this paper concludes that it is very important to improve the indirect financing markets and increase the industrial afterward relations of FDI.