Table of Content

16 August 2009, Volume 29 Issue 8

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MARXIAN WEALTH-CREATION THEORY AND ITS REALISTIC SIGNIFICANCE

HONG Yin-xing, XU Guang-wei

2009, (8):  5-11. 

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More attention should be paid on analyzing the creation activities of the wealth of nations to seek various positive forces for building socialist economy with Chinese characteristics.Both value-creation theory and wealth-creation theory were provided in "Capital".Marxian wealth-creation theory system not only includes analysis on wealth-creation and its source,the analysis on wealth-possessing and also the analysis on wealth surplus-sharing.The scientific productions of cognition come from Marxian dual character of labor and its applications in methodology based on the analysis on Chinese modern economy construction.This article concludes that Marxist political economy will advance with the times through applying theory and method to practice.

WILL INTERNATIONAL COMMODITY PRICES AFFECT CHINESE CPI——ANALYSIS BASED ON THE BVAR MODEL

XIAO Zheng-yan, AN De-yan, YI Ya-li

2009, (8):  17-23. 

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Research shows that international commodity prices really can affect Chinese CPI.Therefore,when taking macroeconomic policy to control price volatility,we should pay attention to the effect of the international commodity price,especially the international prices of industrial raw materials,on Chinese CPI.Furthermore,the price transmission mechanism has a lag;therefore to guard against inflation is more important than to control inflation.

DOES GOLDEN WEEK POLICY REALLY PROMOTE CONSUMPTION——A COMMENT ON CONSUMPTION TRAP

SUN Wen-kai, CHEN Ji-dong

2009, (8):  24-30. 

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The two factors,income and time,are the most important constraints for consumption.It is ambiguous to promote consumption by only relaxing time constraint.However,the golden week policy,which is from 1999,significantly increased national consumption.At the same time,the golden week policy brought wealth transfer among industries.

INSTITUTIONAL INCENTIVES,EXPENDITURE STRUCTURE AND PUBLIC RISK

LI Yong-you

2009, (8):  31-37. 

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Public risks have caused widespread concern recent years.Public risks are mainly due to relative shortage of public goods,which caused by incentive structure of the decentralized fiscal system.Since the beginning of this century,the central has adopted a series of remedying public interests by top-down style,but these can only alleviate the extent of the problem.To resolve public risks,we have to reshape incentive structure of fiscal system.

THE RESEARCH ON CHINA'S FISCAL AND TAX POLICIES TACKLING WITH INTERNATIONAL FINANCIAL CRISIS

ZHU Qing

2009, (8):  38-43. 

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The impact caused by international financial crisis on the real economy in China is mainly because the economic growth of our country depends heavily on the external demand.The lack of domestic demand is primarily due to the imperfect of social security system and the relatively large proportion of low-income group in China.To expand the domestic demand,current fiscal and tax policy in our country should be focused on improving social security system and adjusting income distribution.

ON THE MECHANISM OF FINANCIAL STRUCTURE TO FINANCIAL STABILITY:A FUNCTIONAL PERSPECTIVE

YING Yin-feng

2009, (8):  44-50. 

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The process of financial structure change contains financial instability,and there objectively exists interaction between financial structure and financial stability.By using Merton's functional perspective,the mechanism of financial structure to financial stability works.The general mechanism in which financial structure influenced financial stability works through monetary policy and entity economy.The monetary policy in the financial system throws impact on financial structure,and financial structure affects the real economy,thus fluctuations in the real economy and then affects the financial stability,and vice versa there is a mechanism.To be specific,the functioning mechanism in which the composing parts of financial structure,including financial market,financial system,financing,and financial opening,exerts influence upon financial stability.

CHINA'S REGIONAL INNOVATION CAPABILITY UNDER THE FINANCIAL CRISIS——CHINA REGIONAL INNOVATION CAPABILITY INDEX 2008 AND 2009 ESTIMATION

ZHAO Yan-yun, ZHEN Feng, WU Yi-lin, WANG Min

2009, (8):  60-65. 

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China is fully toward building an innovative country.To enhance regional innovation capability is the fundamental.Innovation index based on the knowledge production function theory,combined with China's independent innovation goals and the process of innovation,as well as the specificity of non-technological innovation,comprehensive measures China's regional innovation capabilities.2008 financial crisis impacts China's economy,but China's innovation capability kept a sustained development.We should further strengthen the innovation capability of economic development in 2009.