中国资本账户开放程度的测算

对我国资本账户开放程度的准确判断是相关理论研究和决策分析的基本前提。从名义和实际两个方面对中国的资本账户开放程度进行测度的结果表明:(1)当前我国的名义资本管制处于中等水平,而实际资本账户的开放水平要远高于名义资本账户开放水平;(2)在存在较大套利空间的情况下,即便存在较为严格的资本管制,资本管制的有效性也很难长期维持;(3)虽然资本管制程度的加强很难对实际的套利资本流动加以控制,但在资本管制措施逐渐放松以后,却很容易导致实际资本流动性的急剧提高,这一点,造成了我国当前资本管制政策的"两难"选择。     

我国服务贸易适度开放问题之研究——基于承诺开放度的分析

本文利用承诺开放度分析了我国服务贸易的适度开放问题。鉴于已有的计算承诺开放度的方法存在一些不足之处,本文通过引入二级行业权重值和分贸易模式对具体承诺条款赋值的方法进行改进,计算了我国服务贸易各行业的承诺开放度。在此基础上,通过对各行业承诺开放度、实际开放度和国际竞争力的比较,发现存在过度开放和开放不足的服务行业,并分析了这些行业开放程度不合适的原因。     

区域全面经济伙伴关系协定研究的演化历程与展望——基于CiteSpace的可视化分析

基于2012—2022年的CSSCI(中文社会科学引文索引)数据,利用CiteSpace和Bicomb软件对区域全面经济伙伴关系协定(RCEP)研究领域进行文献计量分析。结果表明：RCEP研究可分为缓慢推进、平稳过渡和加速发展3个阶段;RCEP领域核心作者和发文机构整体较为分散、局部有所集中,未建立广泛的合作关系网络;研究热点主要集中在国别和区域研究、价值链、贸易方式及影响3个方面。因此,未来研究方向应紧扣RCEP规则和政策设计等层面,积极探索RCEP框架下中国深化区域经济合作的路径安排。     

外资银行进入对我国银行效率影响的实证分析

本文选取我国银行市场上占主要地位的14家银行1994-2004年的面板数据,就外资银行进入对我国银行业效率影响进行了实证分析.实证结果表明:外资银行的进入使得国内银行的流动性、非利息收入、经营费用和资产收益率降低,并使其资产质量下降,风险增加,但是技术外溢效应以及对国内银行盈利性的影响并不显著.而且,金融业的对外开放对国有银行造成的冲击小于股份制银行.本文还根据实证分析结果,提出相应的政策建议.     

Robustness of the KOF index of economic globalisation

The KOF indices of globalisation are the most used globalisation measures in international economics literature, but it uses the nominal trade openness measure to construct the globalisation index. In this paper, we use real trade openness instead of nominal trade openness and recalculate the KOF economic globalisation index over the period 1970–2013. Using the panel data regressions for 146 countries, we revisit the economic globalisation–economic growth nexus to investigate the robustness of the KOF economic globalisation index. We consider several possibilities in model specifications, and the results show that using nominal trade openness measure in calculating the KOF globalisation index is statistically robust. In addition, the KOF economic globalisation index in logarithmic form introduces a more robust outlook in the panel data regressions—a lower bias is emerged by considering different trade openness measures to calculate the globalisation level.     

Does economic globalisation affect income inequality? A meta-analysis

A large volume of econometric literature has studied the impact of economic globalisation on income inequality around the world. However, reported econometric estimates vary substantially, which makes it difficult to draw valid conclusions. This paper presents a quantitative summary and analysis of existing estimates regarding the globalisation–inequality relationship. We use a new data set consisting of 1,254 observations from 123 primary studies. By applying meta-analysis and meta-regression methods, we obtain several main findings. First, globalisation has a (small-to-moderate) inequality-increasing effect. Second, while the effect of trade globalisation is small, financial globalisation shows a more sizeable and significantly stronger inequality-increasing impact. Third, we find an average inequality-increasing impact of globalisation in both advanced and developing countries. Fourth, education and technology moderate the impact of globalisation on income inequality.     

Interactions between tourism and financial sector development: evidence from Turkey

This article aims to examine the interactions between tourism growth and financial development in Turkey, which is a top tourist destination and has developed a well-functioning financial system over the last decade. The results confirm a long-term association between tourism development and financial development; foreign direct investments and foreign trade also impact this interaction. According to the results, tourism expansion in Turkey is mainly influenced by financial markets. The results also reveal that in Turkey, changes in tourism volume precede changes in financial volume. Thus, the major finding of this study is that tourism development and financial development in Turkey have a long-term and reinforcing interaction.     

Urban lake spatial openness and relationship with neighboring land prices: Exploratory geovisual analytics for essential policy insights

Possessing ecological service functions, as well as social and economic values, urban lakes are an important part of urban open spaces. The improvement in the openness of urban lakes is crucial to enhancing the efficiency and fairness of urban land use. Accompanied by China's rapid urbanization, China's urban land prices continue to rise and the government relies on land finance. Meanwhile, the number of urban lakes is decreasing, the lake water surface area is shrinking, and water pollution is becoming more serious. By using exploratory indicators, this study quantifies the degree of openness of urban lakes, and focuses on the relationship between lake spatial openness and neighboring land prices. Taking Wuhan (China) as a study case, we proposed a conceptual framework to guide the analysis within the context of land use policy. Then, we created exploratory indicators to quantify the spatial openness of urban lakes and mapped the results. Afterward, we conducted an exploratory geovisual analytics of urban land prices and lake spatial openness. Finally, we used a regression model to examine the relationship between prices and openness. Our results show that our new indicators were able to reflect the openness of the lakes in the central urban area of Wuhan simply and effectively. The overall spatial openness is relatively high, the mean values of two main indicators reflecting the openness percentage of the lakes are 69.91 % and 67.57 % respectively. However, there are still obvious regional differences between the openness indicators. The relationship between openness and neighboring land prices is spatially heterogeneous. Based on our analysis, we finally propose policy suggestions for protecting urban lakes and rational land use in the rapid urban expansion occurring in developing countries.     

The ‘trilemma’ hypothesis and policy implications for Fiji

This paper examines the trilemma constraint for Fiji; that is, we investigate how trilemma policy variables were used to address policy trade‐offs among the three objectives of exchange rate stability, monetary autonomy, and financial openness. Fiji makes an interesting case because of its policy orientation towards a stable exchange rate and adequate foreign reserves. Our results suggest that the trilemma constraint is binding for Fiji and policy priority is given to exchange rate stability and monetary policy independence, while less emphasis is placed on financial market openness. We also find that the actual policy levels do not deviate substantially from optimal levels, which evidences that Fiji's policy management has been efficient under the trilemma constraint. Finally, we also study the effects of various trilemma policy combinations and foreign reserve holdings on output growth and inflation.     

Does trade openness contribute to food security? A dynamic panel analysis

Despite significant progress in the fight against hunger during the last decades, food insecurity remains a major problem in many countries, especially developing ones. In this study, we use a large cross-country data to investigate the impact of trade openness and other factors on food security, measured by dietary energy consumption. We employ a system GMM approach to account for unobserved heterogeneity, correlated individual effects and potential endogeneity of the explanatory variables. The empirical results reveal that trade openness and economic growth exert positive and significant impacts on dietary energy consumption, and also contribute to improvements in dietary diversity. The results are robust to the inclusion of additional variables capturing specific agro-climatic constraints (e.g. weather-related) and regional/country characteristics and to the sample composition. Most geographical regions are found to have significantly higher food security levels compared to Sub-Saharan Africa. Additional results indicate that besides calorie consumption, trade openness also improves dietary diversity and diet quality-related aspects of food security.