Is Fiscal Stimulus a Good Idea?

The results in this paper, using a structural multicountry macroeconometric model, suggest that there is at most a small gain from fiscal stimulus in the form of increased transfer payments or increased tax deductions if the increased debt generated must eventually be paid back. The gain in output and employment on the way up is roughly offset by the loss in output and employment on the way down as the debt from the initial stimulus is paid off. This conclusion is robust to different assumptions about monetary policy. To the extent that there is a gain, the longer one waits to begin paying the debt back the better. Possible caveats regarding the model used are that (1) monetary policy is not powerful enough to keep the economy at full employment, (2) potential output is taken to be exogenous, (3) possible permanent effects on asset prices and animal spirits from a stimulus are not taken into account, and (4) the model does not have the feature that in really bad times the economy might collapse without a stimulus.     

Chunlan's Development Strategy——A Unique and Systematic Development Idea

In a hard struggle lasting a decade, theChunlan Group has fulfilled its two "four-year programme" for development andexpansion and has now become a productiongroup. Entering its third four-year programme,starting in 1995, the group has reached a newstage, a transition period from the presentcondition to diverfied and transnationaloperation with multiple production of pillarproducts. But what is most valued is the     

To Be a Good player in Latin America

Maybe it was from the 2002 FIFA World Cup that most Chinese became familiar with Costa Rica,a Central American country. At that game,China football team was listed in the FIFA final for the first time and met Costa Rica in the first round. The two national teams had to defeat on each other to get a win or lose in that small football field,but now,both nations     

Linyi City——A City Good for Investment

The reform and opening to the outside world has motivated the development of every sector and created several rising cities.The new cities have a strong opening spirit. They eagerly hope the outside world will get to know of them and that their products can enter the international market. For the purpose, beginning from this issue, China's Foreign Trade will have a new section—Rising Cities, which will introduce certain cities' economic development, investment environment, and export products to foreign and domestic readers, especially overseas friends from industrial and commercial sectors and enterprises.     

Development of New Products——A Must for the Development of Enterprise

Jiangsu Feng Ming Group is a large and comprehensive provincial foodstuff enterprise group combining research, development, production and operation, trading and circulation and service. Over the past few years, on the basis of the processing of fruits and vegetables and taking its name brand products as the lead, the group has done     

Finishing the Historical mission with a Superman's Speed——The Lightening Speed Development of Gonow

In October 2006, the first new style Gonow pickups attended CECF (Chinese Export Commodilies Fair), and was all sold on that day.     

China's Economy Development into a New Round

On February 26, the National Bureau of Statistics of China has issued a Statistical Data: Output of National Economy ' and Social Development (2003). According to the data, the national economy is developing in high speed in 2003 with an annual production output of RMB11.6694 trillion, increased by 9.1% compared to last year.     

Finishing the Historical mission with a Superman＇s Speed——The Lightening Speed Development of Gonow

Established in September 2003, Zhejiang Gonow Automobile Co., Ltd. is a new private complete automobile production enterprise. In June 2005, Gonow exported 161 SUV to Europe, and became the first China independent brand exporting to Europe. In December 2005, Gonow successfully exported 2050 pickups to Europe, which started the export of military automobile export, and won the first large order of China automobile export in that year. At present, Gonow is finishing its historical mission at the speed of a superman. In the interview of Gonow by China＇s Foreign Trade, readers can see the special development characteristics and their unremitting efforts for independent innovation.     

Finishing the Historical mission with a Superman‘s Speed——The Lightening Speed Development of Gonow

Established in September 2003,Zhejiang Gonow Automobile Co., Ltd. is a new private complete automobile production enterprise.……     

Development of China's Food Industry——Focal Points For China's Food Industry Development During the Ninth Five-Year Plan Period

1.Products of the basic rawmaterials industry Products of the basic raw materialsindustry should improve product quality,make great efforts to realize diversification,serialization and specialization in productvariety,develop new varieties,and expandproduction so as to adapt to the demands forthe development of the food industry. Cereals:Develop high quality riceand wheat flour on a grade and class basis;develop special rice and wheat flour suitablefor the needs of processing various kinds offood;actively utilize coarse cereals such ascorn to open up various kinds of deep     

Deepening China's Investment System Reform——The State Development Investment Corporation

The Chinese government set up the State Development Bank against the background of the Chinese economic system being transformed from planned to market. In May 1995, the State Development Investment Corporation was established. Does this mean that China's investment system reform is advancing at a much quicker     

Maanshan Mining Research Institute——China Metallurgy and Mining Development Organ

The Maanshan Mining Research Institute of theMinistry of Metallurgical Industry is a composite miningscientific research institution,one of the units with rightsof conferring master degree approved by the State Council,and enjoys foreign autonomous rights for import andexport,It has a staff of 1000,including 500 senior andintermediate technical people(42 professor-rank seniorengineers,and 39 enjoying government special subsidy). The institute has faculties including underground     

Bright Prospects——for the Cooperative Development of China's Nonferrous Metals

The strategic focal point of China's economic development is to shift towards the western area. Efforts will be made to give impetus to economic development in the western region by strengthening the exploitation and utilization of mineral resources. Therefore, the exploration and exploitation of mineral resources in the western area has become a focus of investment. The China Nonferrous Metal Industry Corporation bears an important     

A Foreign-Oriented Economic Entity——Wenzhou Economic and Technical Development Corporation

Located at 30 Lucheng Road, Wenzhou, the Wenzhou Economic and Technical Development Corporation(WETDC) was founded in September 1985. It was granted of self-operational rights for imports and exports by the former Ministry of Foreign Economic Relations and Trade in November 1992. The corporation is a special composite foreign trade company, integrating foreign     

The Scientific Outlook on Development——Quotes form Zhang Daohua s book

The scientific outlook on development is a practical demonstration of the dialectics,which is based on all-faceted,coordinated and perpetual laws,and perfect representation of universal truth and fundamental principles.     

Development Goals——for the Non-ferrous Metal Industry During the Ninth Five-year Plan

According to the Ninth Five-year Plan and 2010 Long-term Goal Program, the non-ferrous metal industry will focus on revamping and expanding its existing enterprises. Through systematic technical renovation, the industry will expand production capability, increase varieties, improve the recovery of waste metals, and do a good job of the     

The 7th Zhongguancun IT Festival——Innovation Promote Development Science Generate Proserity

The 7th Zhongguancun IT Festival will be held from September 8 to 12 at the main-venue—Beijing Haidian Exhibition Center and sub-venues—Diaoxianghu International Convention Center, Haidian Park, Shangri-la International Corference Center.