Knowledge Economics： Institutional Analysis on Human Capital Property Right Motivation——Theoretical Innovation of China＇s Human Resource Management

Human capital is the main sustentation of economy＇s sustaining development in knowledge economy era. To form, use and collocate human capital will be a determinant factor in a country＇s economy increase. It is the common challenge faced by all countries that how to form ample human capital recourses and how to effectively play the role of human capital in social economic development. Motivation mechanism, especially the motivation function of human capital is a lever for human capital to form and effectively play effects.     

The Study of Private Science and Technology Enterprise＇s Knowledge Management in China

The private science and technical enterprise holds the extremely important status in national economy. Therefore, how to complete the private science and technical enterprise＇s knowledge management is very important .for its development. This paper analyzes the problems existing in the private science and technical enterprise＇s knowledge management, and then proposes the corresponding countermeasures to promote its development to a very great degree.     

China＇s Foreign Trade and Investment： An Overview and Analysis

This study discusses the current development of China‘s trade and investment and their related issues. It presents data consistent with the hypothesis that Chinese firms try, to overcome market impediments, such as capital account inconvertibility and differential tax treatment between foreign and domestic firms, through trade and investment. Various challenges and opportunities related to China‘s future trade and investment are also discussed.     

Analysis of the Adjustment of China＇s Fiscal Policy in 2005

The prudent fiscal policy adopted in 2005 is the result of adopting a series of measures to strengthen macro control in recent years. The process of implementation will be gradual.During this period, pushing forward reforms is the main focus of all the measures. Tax reform, social security system reform and rural reform will need the most emphasis.     

Comparative Analysis of Capital Productivity in China＇s High-Tech Industries

While labor productivity is a topic of constant debate and has been studied extensively, far less attention has been devoted to the question of capital productivity. Productive use of physical capital is an important source of economic growth and investment return. This paper presents a comparative study of capital productivity in China‘s high-tech industry. Using a version of the perpetual inventory method (PIM), new estimates have been made of the physical capital stock by sector. Capital productivity in China‘s high-tech industry is higher than in total manufacturing, but the gap between them has been shrinking. Comparison with high-tech industries in the US., highlights that China‘s high-tech industries could play a more important role in the growth of manufacturing and the whole economy.     

Analysis of China＇s Overheated Economy and Macroeconomic Policy Options

Based on macroeconomic analysis since 2003, this article holds mat a trena towaras overheating has surfaced in China‘s economy. China‘s rapid economic expansion has affected the quality of its growth, with rising material and energy consumption and imbalanced economic structure as the main manifestations. Regarding macroeconomic policy options in 2004, decision-makers should shift the policy focus from control of deflation to prevention of inflation; the pace of economic growth should be properly set; a balance between consumption and investment should be strengthened by controlling excessive expansion of investment, and industrial restructuring should be conducted in a coordinated manner on the basis of properly controlling the overly rapid indastrial growth; policies should be continued to boost exports and sustainable growth of foreign investment; and more efforts should be made to accelerate the change in the mode of economic growth.     

Uncertainty and Corporate investment： An Empirical Analysis of China＇s Manufacturing Firms

With the measurement of volatility of a firm＇s stock returns uncertainty, the paper examines the investment behavior of China＇s manufacturing firms over the period of 1998-2003, and studies the relationship between uncertainty and corporate investment by using the 2SLS re, gression method. The empirical results indicate that there are significantly positive relationships between total uncertainty and investment, and market uncertainty and investment, but the relationship between firm-specific uncertainty and investment is not significantly positive.     

Analysis of China＇s Foreign Trade Growth and Discussion of Related Policies

China’s foreign trade experienced three consecutive years of super-speed growth in 2002-2004, even though the country was stricken by the SARS epidemic in 2003 and power shortages in 2004. What has gone beyond expectations is that the exports trade still grew with momentum after the central government lowered the export rebate rates by an average of 3 percentage points, starting from January 2004. Such growth momentum is apparently associated with external demand and the performance of the domestic macroeconomy, and even more associated with a series of support policies. This paper tries to raise issues issues associated with these policies on the basis of an analysis of foreign trade performance in 2002-2004, in order to enhance understanding of the advantages and disadvantages of these policies, and to recommend a new line of thought for improving policy arrangements for the growth of import and export trade and for the harmonious development of the macroeconomy.     

Analysis of Enterprise Resources Diffused Effect in the Parent-Subsidiary Corporation＇s Network System

At first the nature of enterprise resources relationships and Parent-Subsidiary Corporation is discussed and defined. Then the characteristics of Parent-Subsidiary Corporation based on enterprise resources relationships are analyzed in detail. Finally through analyzing the mechanism of resources diffusing, such conclusions Can be got as the following： the improvement of resource matching and diffusing between parent and subsidiary, the enhancement of information integrity On resources diffuseness and the development of resources diffused system benefit for increasing the diffused value of resources between parent and subsidiary,, and improving the value creativity of parent-subsidiary management.     

Determinants of Competitiveness： Observations in China＇s Textile and Apparel Industries

This paper attempts to explore key determinants of competitiveness in the textile and apparel industries, with special reference to Chinese Mainland. The authors conduct a survey that is designed to use productivity, supply-side and demand-side determinants to measure enterprises＇ competitiveness. The collected survey data is then analyzed using factor analysis to capture the related determining factors indicative of competitiveness at the enterprise level. The findings demonstrate that government policies and related industry infrastructure are the most important determinants of competitiveness in the textile and apparel industries, followed by domestic demand. This suggests that the improvement of industry infrastructure can foster industry performance, and that more resources should be endowed to enhance the domestic business competitiveness of local enterprises. The development of domestic demand will foster the competitiveness of the textile and apparel industries on a more sustainable basis.     

An Analysis and Forecast of China‘s Economy in 2002—2003

Supported by strong domestic demand, China's economy maintained rapid growth through recent years. In 2002, the first year after China's WTO entry, growth has exceeded all expectations. GDP in the first three quarters of 2002 reached 7.1682 trillion yuan, up 7.9 percent over the same period of last year. This outcome is attributable to a number of factors including the global     

The Development of China＇s Electronics Industry： Causes and Constraints

The development of China‘s electronics industry can be attributed to supportive government policies, strong domestic market demand and the opportunities provided by the international transfer of technology in the electronic manufacturing sector. China‘s enterprises can only continue to develop through technological upgrading due to the lack of core technologies of their own. Since this process is still ongoing, China has not become a competitive country in the field of electronic technology. As a country in transition, government initiatives designed to encourage the development of the electronics industry have also undergone changes in line with economic institutional reform. Direct government intervention policies have been gradually replaced by indirect regulatory policies and the market is playing a more and more important role in the electronics industry.     

Roots of Tomorrow＇s Digital Divide： Documenting Computer Use and Internet Access in China＇s Elementary Schools Today

This paper explores China＇s digital divide, with a focus on differences in access to computers, learning software, and the Internet at school and at home among different groups of elementary school children in China. The digital divide is examined in four different dimensions： （i） between students in urban public schools and students in rural public schools; （ii） between students in rural public schools and students in private migrant schools; （iii） between migrant students in urban public schools and migrant students in private migrant schools; and （iv） between students in Han-dominated rural areas and students in areas inhabited by ethnic minorities. Using data from a set of large-scale surveys in schools in different parts of the country, we find a wide gap between computer and Internet access of students in rural areas and those in urban public schools. The gap widens further when comparing urban students to students from minority areas. The divide is also large between urban and rural schools when examining the quality of computer instruction and access to learning software. Migration does not appear to eliminate the digital divide, unless migrant families are able to enroll their children in urban public schools. The digital divide in elementary schools may have implications for future employment, education and income inequality in China.     

Regional Economic Growth and Spillover Effects： An Analysis of China＇s Pan Pearl River Delta Area

The Pan Pearl River Delta(PPRD) Regional Co-operation Framework Agreement was signed in 2004.It aims to bring prosperity through partnership among nine Chinese Mainland provinces and China ’s two special administrative regions.In this paper,we use a dynamic panel data model to examine the economic growth of the PPRD economies from 1985 to 2009.Our analysis confirms the existence of regional growth spillover effects in the PPRD area.Our results also show that economic growth spillover effects of non-PPRD regions on the PPRD regions are greater than those among the PPRD members themselves.These findings imply that economic integration between Chinese provinces has generated considerable spillover effects on regional growth.However, the anticipated benefits of the implementation of the PPRD agreement have not been realized thus far.Therefore,greater effort should be made to promote further economic integration among these members so that their local economies can benefit from the positive spillover effects.     

China＇s Construction Land Expansion and Economic Growth： A Capital-output Ratio Based Analysis

Since 2003, the Chinese Government has included land policy as an important component of macroeconomic policy. The present paper analyzes the impact of the expansion of construction land on economic growth in terms of the capital-output ratio. Using provincial panel data for China from 1999to 2005, we conclude that the excess expansion of China＇s construction land led to an increase in the capital-output ratio. Therefore, expanding construction land has made little contribution to economic growth. This paper argues that contractionary land policy does not deter high economic growth, and is a necessary condition for sustainable economic growth.