Table of Content

16 March 2008, Volume 28 Issue 3

Previous Issue    Next Issue

CHOOSING ANALYSIS FRAMEWORK OF MONETARY POLICY UNDER OPEN ECONOMY

FAN Cong-lai, LIU Xiao-hui

2008, (3):  5-11. 

Asbtract ( )   PDF (1103KB) ( )  

References | Related Articles | Metrics

As the extensions of IS-LM model and IS-LM-AS model in a closed economy,M-F and M-F-D models have been the workhorses for the open economy macroeconomic analysis from 1960s to 1990s.Due to their tractability and simplicity,they are still the preferred tools for monetary analyses in an open economy.As the extension and new development of the two models,new open economy macroeconomic framework is not applicable to the monetary policy researches for the transition economies presently.

ENERGY-EFFICIENCY METHODS AND COMPARING THE ENERGY EFFICIENCIES OF DIFFERENT AREAS IN CHINA

YANG Hong-liang, SHI Dan

2008, (3):  12-20. 

Asbtract ( )   PDF (2197KB) ( )  

References | Related Articles | Metrics

How to evaluate the energy efficiencies of different Chinese areas is the premise to realize the strategic goal of saving energy and reducing energy consumption.Based on one single-factor method and three total-factor method and data in 2005,the energy-efficiency analysis shows that:(1) Compared to single-factor method,total-factor method can reveal the effects of endowments on energy efficiency.(2) Chinese total energy efficiency is very low. China can save about 30% energy if all areas could be the same energy efficiency as Shanghai.(3) Great differences between east and west areas indicate that it is very important to improve inter-regional energy co-operations and diffusing of production technologies.

EFFECTS OF BLOCKING PRODUCTION NETWORKS ON INDUSTRIAL ORGANIZATION THEORIES

HUANG Tai-yan, LI Peng-fei

2008, (3):  36-42. 

Asbtract ( )   PDF (747KB) ( )  

References | Related Articles | Metrics

Since rising in the later part of 1980s,blocking production networks have affected greatly on outsourcing,industrial clots,firms' scales,transaction costs theory,and Schumpeter's innovation theory.

INTEGRATION OF FINANCIAL INDUSTRY AND THE STABILITY OF FINANCIAL SYSTEM: CROSS-COUNTRY EVIDENCE

CHEN Yu-lu, MA Yong

2008, (3):  43-49. 

Asbtract ( )   PDF (2183KB) ( )  

References | Related Articles | Metrics

The integration of financial industry is not only related to the efficiency improvement of the banking industry itself,but also related to the stability of the banking system and thus the stability of the financial system.Based on the data analysis of 61 countries,empirical result shows that one country's financial system tends to be more stable and thus lower possibility of banking crisis if the country has less restriction on the integration of financial industry.Moreover,one country's banking crisis tends to become systemic if the country has an unstable macroeconomic condition.

SECURITIES SUPPLY POLICY IN CHINESE CAPITAL MARKET:RETROSPECT AND STRATECTIC PROSPECT

YING Zhan-yu

2008, (3):  50-56. 

Asbtract ( )   PDF (1610KB) ( )  

References | Related Articles | Metrics

Since the inception of China capital market,there was a radical change of securities supply policy from the administrative auditing system under quota management to authoring system,from mainland preference,internal and overseas equality to prompt overseas bule-chip to return to A shares market and be cross-listed.Enlarging scale and optimizing structure of the market is the core of China's securities supply policy in future.The policy will not only induce the upgrading of market function but also conduce to the risk diversification,international of capital market and the transform of country development mode.It is the return of overseas blue-chips,corporate bond development,home company listing and high growth market construction that constitutes the strategic emphasis in process of the enforcement of the policy.

LOCAL TAX REVENUES AND ECONOMIC DIFFERENCES BASED ON PANEL DATA

SU Ming, XU Li-jun

2008, (3):  57-62. 

Asbtract ( )   PDF (1459KB) ( )  

References | Related Articles | Metrics

Because of the efficiency loss in the game between local government and central government and the improper difference between nominal tax burden and actual tax burden,the principal part of local taxes produces different influence on regional economy.The sales tax has positive effects on local economy,while the income tax of corporation has negative effects on economy.Also,it exists different effects in three regions.

ON TRADE RELATIONSHIPS AND SPACIAL FLOWS OF NORTHWEST AREAS

CHEN Xiu-shan, ZHANG Ruo, YANG Yan

2008, (3):  63-69. 

Asbtract ( )   PDF (1753KB) ( )  

References | Related Articles | Metrics

Since great exploitation of northwest areas,foreign trade scales and inter-provincial trade scales are becoming bigger and bigger.The characteristics of spacial flow are: one is the strong relationships of inter-provincial trade and the other is the obvious orientation to east coast.One of the important reasons for domestic trade growth and spacial situations change of northwest areas is the boom of foreign trade,especially the border trade.Therefore,we should improve industrial relationships among provinces and the trade channels to both east and west areas.

RATIONAL EXPECTATION AND INFLATION: AMERICAN EXPERIENCES

ZHANG Cheng-si

2008, (3):  70-75. 

Asbtract ( )   PDF (1453KB) ( )  

References | Related Articles | Metrics

The structure changes of American inflation dynamic models tell us that when analyzing Chinese inflation,changes in economic structures and fiscal or monetary policies since 1980s should be considered,instead of simply using the sticky-prices inflation models.Only so,more reasonable estimations and predictions can be made.