Table of Content

16 April 2009, Volume 29 Issue 4

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ASSESSMENTS ON COMPATIBILITY OF CHINA MANUFACTURED EXPORTS AND ENVIRONMENTAL OBJECTIVES——BASED ON THE DECOMPOSITION MODEL OF ENVIRONMENTAL EFFECTS

QU Ru-xiao, MA Jian-ping

2009, (4):  5-10. 

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Whether trade and environment are compatible is still at debate in theoretical studies and often finds contradictory evidence in empirical studies. In this paper,the tests on the compatibility of manufactured exports and environment show that overall pollution intensity fell,with it falling faster in the capital and technique intensive industries than in the labor and resource intensive industries; technological effect had been enhanced stably; and structure of exports evolved towards the capital and technique intensive industries which are cleaner. Although as a whole manufactured exports are incompatible with environment due to large scale effects,new evolutions are favorable for the two parts to increase compatibility.

THE REGIONAL DIFFERENCE OF CHINA'S FOREIGN TRADE DEVELOPMENT:EVIDENCE FROM CHINESE PROVINCIAL PANEL DATA 1992-2007

LI Wen, LI Zhi-guo, TANG Guo-xing

2009, (4):  11-17. 

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The decomposition results from the use of the Theil index on Chinese provincial panel data from 1992 to 2007 indicate that the overall difference in China's foreign trade development has long been dominated by the regional difference among the eastern,the middle,and the western regions; and within region difference has increased in recent years. Main determinants of the provincial difference on foreign trade performance include provincial geographical and initial conditions,technology advances,foreign capital inflow and income levels.

A THEORETIC ANALYSIS ON THE RELATIONSHIP BETWEEN CHINESE URBAN HOUSING SUPPLY MODE AND INDUSTRIALIZATION

HUANG Chun

2009, (4):  18-24. 

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The housing supply mode determines the tradeoff between industrialization and land rent rate,as well as the housing price. At the present time,the housing supply mode is inconsistent with the goal to industrialization in China. The reform direction is to reduce the dependence of local governments on the land revenue and to reduce the real estate developers' monopoly revenue.

HOW MUCH DOES MONOPOLY INFLUENCE CHINA'S INDUSTRIAL INCOME GAP?

REN Zhong, ZHOU Yun-bo

2009, (4):  25-30. 

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Overall China's industry wage inequality narrowed at the beginning but turned to widen continuously during last 30 years. Monopoly and partial monopoly created by incomplete reform of China's economic system were major factors contributing to industrial income gap,together accounting for about 65% of total industrial income gap. Though volatile,the effects of monopoly on industrial income gap remained stable. Partial monopoly's effect on industrial income gap had been diminishing.

A STUDY ON THE RELATIONSHIP BETWEEN INDUSTRIAL STRUCTURE AND EMPLOYMENT IN RESOURCE ABUNDANT AREAS:THE CASE OF INNER MONGOLIA

DU Feng-lian, SUN Jing-fang

2009, (4):  36-42. 

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The employment elasticity of GDP in resource abundant areas was lower than that in the country as a whole. Results from a VEC model revealed that the growth of GDP and investment increased employment in Inner Mongolia (IM),although this effect was becoming weaker and weaker. Similarly,the 1% increase of acceleration rate of investment in second industry enhanced the acceleration rate of employment by 0.265%; and the 1% increase of acceleration rate of GDP in second industry lowered the acceleration rate of employment by 0.464%. The employment elasticity of GDP and investment in primary industry is 0.253 and-0.044 separately. The employment elasticity of GDP and investment in tertiary industry is 0.799 and-0.434 respectively.

AN ANALYSIS OF AND SOME THOUGHTS ON THE IMPACTS OF CHINA'S TAX STRUCTURE ON HOUSEHOLD INCOME DISTRIBUTION

WEN Yuan

2009, (4):  43-48. 

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It is a fact that the China's income gap is widening. The government has taken some taxation measures to redistribute household income,but the measures had failed to achieve desired results. The main reason is that China's tax structure does not favor narrowing the income gap. Specifically,the dominance of turnover taxes renders the whole tax structure regressive; over emphasis on wage income and lack of measures adjusting property income give rise to the converse income redistribution adjustment; lack of the property tax allows the rich to exempt large part of their wealth from taxation.

A STUDY ON THE MEASUREMENT OF CHINA'S FINANCIAL INTERMEDIATION RATIO IN STOCK PERSPECTIVE:1992-2006

YING Zhan-yu

2009, (4):  49-55. 

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By the construction of China's financial intermediation ratio in stock perspective,we make a thorough empirical study on the change of the ratios during 1992-2006.We find that the monopoly position of bank credit in the financing channel of non-financial sector was weakened,but bank credit is still the most important financing channel for non-financial sector. There is a structure change in the financing channel of government sector and its FIMR was increasing.Though the scale of non-banking financial institutions underwent rapid development during 1992-2006,their role in social financing could not be comparable to banking system.It was the change of various economic sector's behavior that induced the changes of FIMR in China.

CHARACTERISTICS OF CO-MOVEMENT AMONG STOCK MARKETS IN SHANGHAI,U.S. AND HONG KONG

ZHOU Wei

2009, (4):  56-61. 

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It is confirmed in this paper that U.S. Stock market influences both Hong Kong and Shanghai stock market. Analyzing with time series of moving correlation coefficient,we find that movements in Shanghai stock market can partly explain those in Hong Kong market. On the other hand,no evidence is found that fluctuations in Hong Kong stock market lead to movements in Shanghai market. The result proves that Shanghai stock market has grown into the dominant market in the area.

CHINA'S FUTURE MARKET:REGULATION CHOICES UNDER EXCESS SUPPLY AND EXCESS DEMAND

WU Qi-you

2009, (4):  62-67. 

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The economics on regulation holds the view that regulation is a product whose equilibrium amount is decided by the supply and the demand. The target of China's financial regulation,the endogeneity of futures market,the incompleteness of law and the irrationality of investors lead to excess supply of government regulation; the negative ideology about future market,and the distrust on micro foundations lead to excess demand by the investors. The two forces determine that regulation on China's future market tends to be over restrictive. Therefore,since 1999,the regulation has been focused on normalization instead of development.

A STUDY ON THE STATUS AND FEATURES OF ENTERPRISES' PATENT MANAGEMENT——SURVEY ON 284 IMPORTANT ENTERPRISES IN QINGDAO

LI Li, XING Guang, ZHANG Zhan-Zhen, ZHU Xiao-Bo

2009, (4):  75-80. 

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The analysis on sample enterprises' patent situation and management behavior shows that patent type and management organizations have direct impacts on innovation efficiency. And enterprises are deeply concerned with the environment to safeguard legal rights. Meanwhile,Qingdao experiences such as large enterprises driven,mutual promotion between patent and brand provide meaningful references to other cities. However,it is important for Qingdao to regard weak innovation performance of SME and declining competitiveness of its leading industries with vigilance. As a result,the urgent task is to formulate endogenous enterprise patent strategies starting with enhancing innovation capability and motivations.