The theory of the characteristic agriculture＇s development

The development of characteristic agriculture is the important way to adjust the agricultural structure and increase the farmer＇s income, and improve agricultural competitiveness. Scientific understanding of the basic characteristic agricultural content and features and grasping its basic ideas of development is the fundamentality to guide the economic development of agriculture. Based on the research of other scholars as a reference to agricultural development and based on the actual in Henan characteristic agriculture, we attempt to summarize the feature of the theory of agricultural development which can provide reference for the practices of characteristic agriculture.     

Does foreign direct investment promote regional development in developed countries? A Markov chain approach for US states

This paper investigates the effects of inward FDI on per capita income and growth of the US states since the mid-1970s. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per capita income and growth. The empirical findings suggest that employment-intensive FDI, concentrated in richer states, has been conducive to income growth, while capital-intensive FDI, concentrated in poorer states, has not. Consequently, FDI has tended to be associated with weaker rather than stronger income convergence among US states. It appears to be less important whether FDI has been undertaken in the manufacturing sector of US states or in other sectors.     

Workers’ self-management and social property: A participatory approach to black economic development

Conclusion and Implications Self-management provides a context and a process for economic growth, political development, and institution building. Since its use as a developmental model does not presuppose unalterable fealty to any dogmatical theory, it can be easily modulated and revised to fit the particular needs and circumstances of the black community. For example, the concept of workers’ management and social property is a derivation of Marxian theory of social and economic organization. Moreover, Yugoslavia, the only sociopolitical system in which the theory of labor-managed market socialism has been reduced to action through system-wide implementation, is, unlike the U.S. economy or the black community’s subeconomy, a decentralized socialist state. 29 But the conceptual lineage or previous use of the idea does not preclude its revision for use by groups with different socio-historical experiences and contemporary conditions.     

The development of Media Economics in China

The media economics in China started in 1978.At the Third Plenum of 11th Central Committee of CPC(1978), Chinese govern- ment made the policy of reform and opening up to the outside world, the nation’s economic development determined as the principal tas…     

The Role of Monetary Policy in Japan: A Break in the 1990s?

This article documents time series evidence suggesting the case for a possible structural break in the role of Japan's monetary policy during the 1990s. It uses a simple vector autoregressive framework and offers some suggestive results: While a persistent effect of monetary policy on real output is detected over the full sample of 1975–1998 and the subsample that ends in 1993, such effect disappears with the recent subsample of the 1990s. The stability analysis also provides more specified evidence that there is a break in the reduced form dynamic system in 1995. Some interpretations are offered to intuitively support these findings. J. Japan. Int. Econ., December 2000, 14(4), pp. 366–384. Research Institute for Economics and Business Administration, Kobe University, Rokko, Nada, Kobe 657-8501, Japan Copyright 2000 Academic Press.Journal of Economic Literature Classification Numbers: E52, E32.     

The top three questions in economics? When theory is confronted with history

Abstract

Three important economic questions have long remained unanswered, and this article explores the nature of these questions. They are: Why was the Great Depression so long and so deep? Why did the Industrial Revolution occur there and then? Why is the whole world not developed? This article gives reasons why these questions may be called the top three questions in economics, investigates the potential multi-disciplinary content of the topics, discusses the pieces of understanding that are still not in place, and makes a few speculations as to how, eventually, the questions may be answered.     

Factor price equalization? The cointegration approach revisited

Conclusions Absolute factor price equalization across countries is a key prediction of the Heckscher-Ohlin-Samuleson model of international trade, one of the more influential “workhorse” models in economics. Despite its theoretical might, the factor price equalization hypothesis has received surprisingly little empirical support. In an important exception to the rule, Burgman and Geppert (1993) argue that this might be due to the neglect of the non-stationarity of the time series under consideration. And indeed, applying a cointegration approach to (nominal) unit labor costs in six major industrialized countries (Canada, France, Germany, Japan, the United Kingdom, and the United States), they find evidence of long-run factor price co-movement. This finding can be interpreted as being in line with equalization of factor prices amongst these countries.     

What explains the missing girls in nineteenth-century Spain?

Infant and childhood sex ratios in nineteenth-century Spain were abnormally high, thus pointing to some sort of unexplained excess female mortality. This article analyses internal regional variation and shows that certain economic and social factors mitigated gender discrimination against newborn and/or young girls. In particular, the presence of wage labour opportunities for women and the prevalence of extended families in which different generations of women cohabited had beneficial effects on girls’ survival. Likewise, infant and child sex ratios were lower in dense, more urbanized areas.     

Structural change in the economy and energy needs: A South African perspective∗

The paper reviews economic structural changes and the resultant effect on the demand for energy. Seen globally, structural change is determined primarily by:

• shifts In the sectoral contributions

• technological development

• increase in the urban population

• redistribution of income.

The South African situation is analysed with respect to the following factors:

• changes In sectoral energy use as a result of the development of the economy away from an agrarian economy towards a more industrialised economy

• urbanisation and the changing energy consumption patterns especially with regard to increased food and water, housing, domestic energy, transport and waste disposal needs

• redistribution of income and projected future demand for energy.

The importance of structural change in planning for future energy needs is emphasised.     

The Shadow Economy in Transition Countries: Friend or Foe? A Policy Perspective

By treating the shadow economy as a distinct entity, rather than just a symptom of policy failures, we are able to examine its short-term and dynamic consequences for development. First, we construct measures of the size of the shadow economy in 25 transition countries for 1990–97. We find hysterisis suggesting that, once established, the shadow economy is hard to remove: a dollar decline (rise) in official GDP is attenuated by a shadow expansion (contraction) of 31 (25) cents. We then examine whether the shadow economy prevents, merely slows down, or actually promotes economic growth and competitiveness, and through what mechanisms. We also consider implications for policymaking.     

Village appraisals. A tool for sustainable community development in rural areas in the UK?

This paper evaluates the contribution that village appraisals can make to sustainable development in local communities in rural areas. Based upon an evaluation of the JIGSO initiative, it both outlines the strengths of this approach and argues for the necessity of proper community infrastructure if most benefit is to be gained from it.     

Is the development of the agro-processing industry pro-poor?: The case of Thailand

We examine how the development of the agro-processing industry contributed to poverty reduction in Thailand. The effects on farmers’ income are emphasized because most of the poor in Thailand are farmers. The development of the agro-processing industry could improve farmers’ income through two channels: (i) the purchase of agricultural products; and (ii) the employment of the poor farmers at factories. We show that the development of the agro-processing industry, which also played a leading role in the high economic growth of the Thai economy, contributed to poverty reduction through both of the two channels. It was hence pro-poor.     

Closing the development finance gap in post-conflict and fragile situations: What role for development finance institutions?

For many years, the main focus of international institutions and bilateral aid agencies has been on state building as the main action to support countries' recovery from conflicts or other fragile situations. The role of the private sector has been widely overlooked, despite being crucial in supporting economic growth and job creation. We argue that development finance institutions have a dedicated role to play in closing financial gaps, which are widening as fragility increases. They have the comparative advantages needed to make projects happen by supporting the private sector, hence significantly contributing to the recovery process.     

Conference on development policies in Southern Africa: Was the future shaped?

The Development Society of Southern Africa held its biennial conference from 10—12 September at the University of Cape Town. The theme was ‘Development policies: Shaping the future of Southern Africa’. Fifty‐five papers were presented and discussed by some 350 people at plenary and parallel sessions. There was also a panel discussion, a number of lead‐in discussants, and a poster session; three conference newspapers containing the essence of the discussions were published and a number of videos on developmental and related topics were shown.

The question to be answered in this review is whether all these papers and other activities actually achieved what the conference set out to do: shaping the future development policy for Southern Africa.     

Towns and rural industrialisation in Sweden 1850–1890: A spatial statistical approach

Abstract

Using a spatial statistical analysis we study the relation between rural industrial employment and distance to towns and access to communications in nineteenth century Sweden. Our results show that rural parishes with access to communications had a higher proportion of rural industrial workers than parishes without. In a region with few towns, the south-east of Sweden, parishes close to large towns had a higher proportion of industrial employees than distant parishes in 1850, while no significant correlation was observed in 1890. In a region with a relatively dense urban system, Mälardalen, only in 1890 did parishes close to large towns show a higher proportion of rural industrial workers than did more distant parishes. However, the mean positive effect was negligible beyond 10 km. Thus, in the second half of the nineteenth century the immediate urban hinterland was industrialising prior to large scale urbanisation and urban industrialisation.