Table of Content

16 November 2008, Volume 28 Issue 11

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FISCAL DECENTRALIZATION THEORIES AND ITS APPLICATION IN THE REFORM OF THE NATURAL RESOURCES PROPERTY RIGHTS INSTITUTION

LIU Can, WU Yin

2008, (11):  5-11. 

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Dividing the resources property rights benefits allocation-relationship clearly between the central government and local government is not only the important restrained condition in the reform of China's natural resources property rights institution, but also be one of the basic angle of researching. The restricted natural resources property rights institution leaded by decentralized government in practice for the performance of the power allocation between the central and local government and the region competition among the local government will necessarily influence the changing direction of the natural resources property rights institution. Building up the M type governmental decentralized model from decentralization to cooperation could explain the evolution trend of our country's government decentralization relation on the reform progress of natural resources property rights institution.

BASIC ANALYTIC FRAMEWORK OF WESTERN MAINSTREAM ECONOMICS AND ITS DEFECTS:A NEW PERSPECTIVE FROM EVOLUTIONARY ONTOLOGY

XU Shang

2008, (11):  12-17. 

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According to the new perspective from evolutionary ontology, the fundamental assumptions on reality postulated by western mainstream economics are completely inconsistent with the basic structure and nature of economic reality. In mainstream analytic framework, the complex, hierarchical and open economic reality involving creative and innovative agents is reduced into a closed-system with only atomistic individuals. Due to such reduction, western mainstream economics is incapable of appropriately researching into many important economic issues such as endogenous novelty, historical time, systematic effect, production and economic underdevelopment.

AN EMPIRICAL STUDY ON THE FLUCTUATING TREND OF CHINESESAVINGS RATE—BASED ON THE STRUCTURE MODEL OF CHINA'S MACRO-ECONOMIC ASSUMPTIONS

CHEN Zhang, LI Xue-lin

2008, (11):  18-24. 

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High saving rate was a significant characteristic of China's economic growth since 1978. The root of the phenomena is the basic hypotheses of China's macro-economic, such as imbalanced structure of productivity, mechanism of science advancement, overstock of work force and strong control on economy by government.

FDI SPILLOVER EFFECT,INNOVATION ACTIVITIES AND TECHNOLOGICAL PROGRESS—THE EMPIRICAL STUDY OF CHINESE HIGH-TECH INDUSTRIES

ZHAO Guo-qing, ZHANG Zhong-yuan

2008, (11):  25-30. 

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The technological innovation input, human resource accumulation and FDI technological spill-over effect all have a positive effect on the technological progress. But there is a great difference result when we divide the whole industries into divisions by the different property right organization. The technological progress of state-owned enterprises is mainly rooted in human resource accumulation rather than the technological innovation input and has a disadvantage influence from FDI technological spill-over effect. On the contrary, the technological progress of foreign capital enterprises is mainly rooted in FDI technological spill-over effect rather than the technological innovation input nor human resource accumulation.

STATE-OWNED ENTERPRISES REFORM IN 30 YEARS

HONG Gong-xiang

2008, (11):  36-42. 

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After thirty years of reform and systematic innovation, the state-owned enterprises (SOEs) have not only got out of the predicament, but also have become market entities with higher productivity, stronger profitability as well as sharper competitiveness. Theoretical research and practice have proved that the best ownership structure and shareholding structure can be hardly achieved. We should confirmedly stick to the basic economic system where the main body is public ownership, jointly developing with other various ownership economies and the public ownership economy should be steadily strengthened and developed. We should also improve the governance structure of SOEs, which is a long-term formidable task, through systematic construction within the framework where the public ownership is held as the main body.

LOOKING BACK 30 YEARS:RESEARCH ON SYSTEM OFHOUSEHOLD CONTRACT RESPONSIBILITY

WU Jiang, ZHANG Yan-li

2008, (11):  43-47. 

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The household contract responsibility system is a significant system vicissitude in rural economy reform process.At the beginning,it adapted the development level of productive forces;with the lapse of time and the deepening of economic reforms,the system has shown its limitations gradually and arguments also increase.This article based on massive literature and notes of meeting to make summary on some aspects in chronological order,such as nature,scale management,land circulation and tendency,in order to benefit from experience,improving the systems of operation and management, accelerate the realization of the countryside modernization.

THE GLOBAL CONSOLIDATION OF SECURITIES EXCHANGES AND CHINESE STRATEGY

MEI Jun

2008, (11):  48-53. 

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Securities exchanges from all over the world have gradually consolidated to several main monopolistic exchange systems through competition and institutional reforms. These securities exhanges cooperate and consolidate through strategic allies and improve their market occupancy and competitive advantage. In order to performing leap frogging development, Chinese capital market has to perform institutional reforms of securities exchanges. Furthermore, the securities exchanges of Shanghai, Shenzhen and Hongkong need to have strategic devision and cooperation. Then these exchanges need to have strategic cooperation with foreign exchanges, which will build a solid foundation for China to have strong capital market.

A RESEARCH ON THE RELATIONS BETWEEN INDUSTRIALIZATION OF COUNTY ECONOMIES AND ENVIRONMENTAL STRESS IN THE CENTRAL CHINA

ZHAO Ding-tao, BI Jun-xian, LIN Shou-fu

2008, (11):  64-70. 

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The nature of the relationship between industrialization in counties and environmental stress of central China is actually a choice between region economic development and environmental quality. Results of the research reveal that discharge of industrial waste gas and wastewater associated with the expansion of industrialization and economies of scale is the key factor of environmental issues in central China; industrialization in counties is the leading factor of the discharge of waste gas, waste water and waste residue; and counties in central China are the destination of environment pollution transfer.