Table of Content

16 November 2014, Volume 34 Issue 11

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THE INFLUENCE OF CHINESE MODE AND FOUR STRENGTHS INTERACTION ——Evaluation and Analysis on International Competitiveness of China from 2007 to 2014

ZHAO Yan-Yun-1,WANG Xue-Ni-2

2014, 34(11):  5-15. 

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Chinas economic and social development has been transforming faster since 2007Chinas international competitiveness is reflected in four strengths, including scale, efficiency, hard power and soft powerBased on the evaluation of eight subfactors, its clear that Chinas growing economic power is the most competitiveThe performance of internationalization, development of science and technology and quality of the nation is on the averageThe performance of government, finance, management and infrastructure is not satisfiedHowever, the competitive advantages are growing up, including the largescale and highspeed growth of domestic economic, huge investment in infrastructure and R&D, lowcost labor force and low unemploymentCompetitive disadvantages are also reversed rapidlyOn the basis of advancing the modernization drive, Chinas government takes advantage of information construction and big data tools to improve efficiencyProductivity is increasing steadily driven by innovation country strategyThe ability of control sovereign risk and financial risk is strengthening under powerful governmentThe development of hard power and soft power has a core role to play in the process

THE IMPACT OF MINIMUM WAGE ON EMPLOYMENT IN CHINA

WANG Guang-Xin-1,YAO Xian-Guo-2

2014, 34(11):  16-31. 

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Minimum wage system is a government policy choice which intends to guarantee low wage workers income, protect the lawful rights and interests of workersIts impact on employment has attracted extensive controversyBased on the panel data of 30 provinces from 2000 to 2010, selecting other peoples employment as research object, this paper studied the impact of minimum wage system on employment in China with FGLSThis paper found that a 10% increase in the minimum wage was associated with roughly a 23% decrease in other peoples employmentThe sensitivity analysis and dynamic regression extended the range of elasticity in -009~-029, which suggested that the minimum wage system in China had a negative impact on employment

THE NONLINEAR RELATIONSHIPS BETWEEN EXCESS
WAGE, EXTERNAL COSTS CHANNEL AND CHINAS INFLATION
——Based on Technological Advances Theory and MSIAHVAR Model Analysis

LONG Shao-Bo-1,CHEN Zhang-1,ZHANG Jun-2

2014, 34(11):  32-44. 

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This paper studied the influence of excess wages, external cost and oil shocks on Chinas inflation with MSIAHVAR modelEmpirical results showed that the rate of wage growth exceeding the output (excess wages) strengthened the role of pushup on Chinas inflation, and pushing of excess wage and inflation had formed an “excess wage growthinflation” spiral after 2003When technical advance was not enough to digest rising costs, the external costs and oil shock to domestic inflation would gradually strengthenHowever, the high speed growth rate of M2 does not seem to significantly drive inflation, along with ebbing of real estate and other asset markets, the real economy may generate inflation risks

TRANSITION MECHANISM AND UPGRADING ROUTE OF
INDUSTRIAL CLUSTER ON THE BACKGROUND OF TRANSITION
——In the View of Local Knowledge Spillover

YI Kai-Gang,MA Li

2014, 34(11):  45-56. 

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 In the view of local knowledge spillover, this paper illustrated the transition mechanism of local knowledge spillover among the cluster, established spatial autoregression models using the large sample questionnaire survey data of Zhejiang to make empirical research on the influence and effect of local knowledge spillover on the cluster enterprises growth and innovation development from the micro level of cluster inside enterprisesThe results showed as followsDirect cooperation, employees exchange between enterprises and ability of absorbing had significant positive effect on the enterprises growth and innovation developmentEnterprises derivation had significant negative effect on the enterprises growth and innovation developmentInformal exchange between enterprises had insignificant effect on the enterprises growth and innovation developmentUtilizing efficiency of government public platform had significant effect on the enterprises growth, but insignificant effect on the innovation developmentBasing on the empirical results, this paper provided policy advises about industrial cluster upgrading route on the background of transition

STUDY ON POLICY DEPENDENCE SYNDROME IN EMERGING INDUSTRIES ——Empirical Analysis from the Perspective of Local Government Subsidies

HAN Chao

2014, 34(11):  57-71. 

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The development of strategic emerging industries have been supported widely by all levels of governments, the subsidy policies also can be reflected in this processThis paper analyzes the strategic emerging industries from Wind database, with the data such as government subsidies, investment in R&D from annual reportThen this paper introduces area dummy variables and regional economic variables gradually, and researches into the selection and implementation mechanism of government subsidy synthetically based on Heckman selection modelAs proved in this paper, actions of local governments are diversityLocal government is apt to support the weakAlso this is the basis of policydependent syndromeMeanwhile, local governments encourage innovation and employment, which is part of performance appraisal from central government, which is influenced by economic status among regionsAlso it has shown that, local government subsidy has strong preference for ownership types, while the probability, the number and the subsidy rate of the central stateowned enterprises are significantly lower than other typesThis means that there are much more problems between local governments and central stateowned enterprise

REFRAMING CRISIS MANAGEMENT:
CONTRACT CONSTRUCTION IN CHAOTIC SITUATION
——Evidence from Crisis Management Cases (2008—2013)

CUI Xiao-Ming-1,YAO Kai-2

2014, 34(11):  72-81. 

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Crisis is a not a tame problem in stable environment but a wicked problem in chaotic situationCrises are much more normal, complex, and interdepend, while the crisis situation becomes much more chaoticThen we need a breakthrough in crisis management research to address the theoretical and practical limitationsWith a qualitative analysis of crisis management cases from 2008 to 2013, this paper proposes an innovative approach to reframe crisis management theory from the perspective of chaos theoryFrom the theory breakthrough side, the traditional crisis management theory pays more attention to management tools and methodsIn contrast, the new theory framework emphasizes on problem cognition and situation analysisThere are three main research conclusionsThe first is that chaotic situation can be analyzed from the perspective of stakeholderSecond, focusing on the contract construction with the core stakeholder is the key to problem solvingAnd last, crisis management is not contract mending but contract reorganizingFrom the practice breakthrough side, this paper builds an evidencebased 3R model, including reduction, recognition and reorganizationThis paper establishes the foundation for crisis management in chaotic situation, and provides a better guide for management practice

THE RELATIONSHIP BETWEEN FARMERS RIGHTS
ALLOCATION AND INCOME GROWTH

ZHAO De-Qi,YAO Ming-Ming

2014, 34(11):  82-100. 

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The farmers rights allocation could promote farmers income growth, at the same time it restricted the growth of farmers incomeThis paper tried to clarify the main problems and the reasons of rights allocation in farmers income increasing and to find the solutionFirst, this paper analyzed the relationship of farmers rights allocation and income growthBy using the data of 1994—2011, the empirical results showed that the rights allocation of government expenditure in helping farmers and rural land circulation proportions and total agricultural machinery power were not matching with the influence coefficient of the farmers income growth for a long timeThe right allocation preference of the income right led to the low efficiencies of the farmers rights allocation and low growth of the farmers income in a long timeThis paper suggested controlling the scale of direct subsidies, increasing the spending of agricultural science and technology, regulating the proportion and speed of rural land circulation proportions moderately, guiding farmers opening family farm, helping specialization of agricultural production, in order to promote the efficiency of the farmers rights allocation and increase the farmers income

THE PREMISE JUDGMENT OF GOVERNANCE ABOUT
 CHINAS RURAL FINANCIAL MARKET FAILURE:
SUPPLY SHORTAGE OR FINANCIAL EXCLUSION
——Based on 1 938 Households Samples Survey in Geographical
Area Covered by 26 New Rural Financial Agencies in 5 Provinces

CHENG Hui-Xia

2014, 34(11):  101-112. 

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Based on the findings of the 1 938 households samples survey in geographical area covered by 26 agencies in 5 provinces, this study proved that the current rural financial market failure was not due to the ‘supply shortage’The rational rejection behaviors of rural financial institutions led some farmers and smallmicro enterprises could not get credit services, based on the Pearson correlation analysis of farmer credit obstacles and the regression analysis of the identification degree of farmers to loan channel as nominal variablesThe solution key of the failure governance was not to increase the financial supply simply, but to screen, estimate and control those improper exclusion behaviors implemented by rural financial institutions