Development and application evaluation of industrial common technology in Liaoning

This paper focuses on the theories and studies related to industrial common technology. Adopting Hall＇s 3-D structure analysis tool in systematic engineering and taking the regional economic characteristics of Liaoning Province in China into consideration, this paper carries out deep studies on the feasibility of the development and application evaluation of the industrial common technology in Liaoning Province of China, provides reference information for the development of Liaoning regional industrial common technology studies and makes its modest contributions to the regional economic development of the province.     

Analysis on the effect of economic interaction＇s pulse from the Sino-US trade perspective

In an open economy, the economic concussion in sole country will transmit to other countries which make the international economic concussion play an important role in the formation of economic fluctuation. Both America and China, as two prominent economy units, have a great impact not only on the regional economy but also international economy. This paper constructs a shock-response model for China-America bilateral trade relations by using of impulse-response function of the vector auto-regressive model. The fluctuation of mutual economic growth caused by the shock of bilateral trade variances is empirically analyzed. Further more; the paper also uses variance decomposition technology to estimate its contribution-rate. The empirical analysis result shows that American economy has a notable impact on China, and Chinese economy will depend on American economy more and more.     

Declining Labor Share： Is China＇s Case Different？

This paper explores why labor share in China has declined since the middle of the 1990s. Existing literature usually ascribes the labor share decline in developed countries to biased technological progress. However, our investigation shows that China ＂s case is different. Using a simultaneous equation model estimated with three-stage least squares, we find that FD1, levels of economic development and privatization have negative effects on the labor share. The negative influence of FDl on labor share results from regional competition for FD1, which weakens labor forces＂ bargaining power. A U-shaped relationship exists between labor share and the level of economic development, and China is now on the declining part of the curve. The negative effects of privatization on the labor share stem from the elimination of the so-called ＂wage costs eroding profit ＂ situation and the positive supply shock on the labor market.     

Taizhou Model： Institutional Innovation and the Development of Private Economy

Based on the case of Taizhou City in Zhejiang Province, the present paper investigates the mechanism of the interaction between the local government and private enterprise in the process of regional economic development. We identify the ＂Taizhou Model＂ as a model of institutional innovation and the development of private economy, which is private sectorinduced and local government-promoted. Indeed, the impact of such mechanisms has had a significant influence on the reforms and development of China＇s economic system.     

The Choice of the Way for China＇s Economic Sustainable Development under the Restrictions of Energy Resources

Energy restrictions are becoming the restrictions on China＇s industrialization and economic sustainable development. This paper states the scientific role of China＇s economic sustainable development mode and makes concrete polices and suggestions about freedom of energy restrictions and the establishment of Mode C based on empirical research on the series of indices for energy measurement.     

The Empirical Research on the Effects of FDI on Regional Employment in China

Because of the severity of unemployment, how to solve this problem has gradually become a topical subject in China from the perspectives of both academics and practitioners in recent years. The severity of employment can be observed not only on the constant soaring of some macroscopically total amounts such as the total unemployment and the rate of unemployment, but also on the extremely uneven distribution of regional employment. There are many reasons for the uneven distribution of regional employment, among which the enormous disparity in FDI＇s regional distribution in China is an essential influential factor. This article aims at explaining the interrelationship and function mechanism between 1＂]）I and the change of our country＇s regional employment, and putting forward the corresponding regional policy suggestions through the empirical research on the FDI＇s regional distribution and its employment effect.     

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.     

The Measure for the Management Innovation Performance of Industrial Enterprise of Sichuan Province

Both science and technology are the primary productive forces, and management is the second productivity. An industrial enterprise is an aorta of a country or a regional economic growth, while the level of its management innovation is directly influencing the economic growth rate of the country or the area. The management innovation performance of industrial enterprises mainly embodies the impetus to the country or the regional economic growth of management innovation. To measure the contribution proportion of management innovation to the industrial economic growth of Sichuan, the econometric model was set up by introducing management innovation as exogenous variable to Sichuan industrial economic growth model, and utilizing the relevant data of industrial economic growth of Sichuan, based on Solow＇s residual value method to calculate scientific and technological progress. The results, to some extent, can be used to offer some suggestions to manager＇s decision, and promote the sustainable, stable and well development of the industrial economy of Sichuan.     

Regional Environmental Performance and Its Determinants in China

A growing awareness of environmental quality hasplaced increasedpressure on China to improve environmental protection and regulations in the country. How have the regional economies in the country performed in terms of environmental efficiency？ The answer to this question is yet to be explored in the case of China. The objective of this paper is to present a quantitative analysis of environmental performance in China＇s regional economies and to examine the determinants of regional variation in performance. The findings are used to draw policy implications for environmental protection and are helpful in the discussion of China＇s future sustainable development.     

Regionalism and East Asian economic integration

The wave of economic globalization moves to all the countries in the world to be integrated with multilateralism and by promotion of the General Agreement on Tariffs and Trade/World Trade Organization （GATT/WTO）. Meanwhile, the growth of regional economic integration has been one of the major developments in international economic relations, and undoubtedly regionalism is a part of the global economic environment. The objective of the paper is to review the trends and highlight the prospects for enhancing economic integration in East Asia. This paper has argued that the emerging East Asian economies have achieved sustained economic development and poverty reduction through domestic structural, institutional and governance reforms as well as through market-driven integration with the global and regional markets. Though this process was temporarily interrupted by the Asian financial crisis in 1997-1998, the economies have pursued further liberalization and reforms, deepened economic integration through trade, FDI and finance, and regained dynamic growth. The author argues that the reasonable choice for Eastern Asian countries is to deepen their economic integration and the optimal strategy is fostering economic integration with institutional cooperation.     

China＇s Regional Disparity and Its Policy Responses

The fruits of China＇s rapid economic development over the 3 decades have not been distributed fairly across different regions. Using data from a sample of 815 Chinese listed firrns during 1998-2004, our error-correction investment model showes evidence of different financial constraints on firms＇ investment in different regions. We argue that China＇s regional development policies have contributed greatly to the regional inequalities. To control the rising inequality, China has shifted its focus from the coast to the interior regions. However, it is becoming increasingly difficult for the government to direct the economy, as market mechanisms now have afar greater influence on the economy than the government does. The people-centered approach of the current leadership has meant that substantial attention has been placed on regional development disparities in an attempt to build a ＂harmonious society. ＂ China needs further extensive reforms if all the measures for reducing regional disparity are to be effective.     

Guest Editors’ Introduction

China has entered a new stage of social and economic development,having eliminated absolute poverty by the end of 2020.Common prosperity will be a new goal in this new development stage.There are domestic and international reasons for China to promote common prosperity as a new development goal.Domestically,the reform and opening-up policies over the past 40 years have promoted rapid economic growth and a considerable improvement in Chinese living standards but the problem of unbalanced development has not been solved effectively.This problem is manifested in all aspects of social and economic development,including excessive income inequality and unfair income distribution,regional disparities,a significantly large urban-rural gap,and unequal access to basic public services among different population groups.     

The Tactics Adjustment of China for Utilizing the Foreign Capitals after Entering WTO

Since the reform and open the door policy were adopted in 1979, foreign direct investment has played an important role in Chinese economic development. The MNC （multi-national company） has set up branches and companies in different fields in China, brought advanced technology and management, and improved Chinese economic structure and level. In this paper, we first analyze the current situation and investment environment of China utilizing the foreign capitals, especially after China entering WTO; then bring some advices on how to adjust the tactics of utilizing foreign capitals in order to improve the efficiency of economic development.     

ECONOMIC RESEARCH JOURNAL

Established in 1955, the Economic Research Journal （Jingji Yanjiu） is a comprehensive Chinese economics journal sponsored by the Institute of Economics at the Chinese Academy of Social Sciences and circulated worldwide. It has been adhering to the principle of maintaining high academic standard, keeping pace with the times, upholding innovation and promoting forward thinking. Based on China＇s realities and geared to the forefront of the international economics research, ERJ is devoted to publishing high-quality and original theoretical articles on economic issues that have cropped up during China＇s reform and opening-up, economic development and institutional restructuring.     

Long-Term Development Trend of China＇s Economy and Importance of the Circular Economy

This paper aims to explore the solution to the contradiction between economic growth and resources and the eco-environment, based on an analysis of the features of China‘s economic development trend within a given future period, by promoting a new paradigm of technological economy, and speeding up development of the circular economy.     

A Research on FDI and Features of Host Country ESP System

The regional distribution of FD1 has distinctive, differences and stages. China attracted the most FDI in the year 2002 and was only next to the US in 2003. More than 80% FDI in advanced countries were realized through transnational acquisition. This paper tries to analyze, taking China as an example, the effect of host country factors on the regional movement of international productive capital, and puts forward that the features of host country environment, system and policy system （ESP） determine the features of FDI in the host country.     

The Talent Resource Plan and Policymaking Research on the Major Cities in the West of China ——Taking Xi＇an City of China as an Example

It points out that talent resource development has an important influence on the development of west region. But the phenomenon that talents are idle and wasted is very outstanding in each province and cities of the west. The paper analyzes the meaning of the concept the coordinated development of talents and economy is of special significance for China, reviews the latest development of the theory and practice of regional talent plan and points out the principles, methods and countermeasures of coordinated development based on regional talent plan. Finally, it does positive research by taking Xi＇an as an example.     

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.     

Migration Experience of Village Leaders and Local Economic Development： Evidence from Rural China

This paper examines the impact of migration experience of village leaders on local economic development,based on the village-level data of the 2005 China General Social Survey.Our results show that the human capital of village leaders accumulated during the migration period has had a positive effect on per capita net income and per capita non-agricultural income in rural China.The migration experience of village leaders also plays a positive role in entrepreneurial activities in rural regions.From a policy perspective,these findings call attention to the importance of harnessing potential benefits of return migration to local economic development in rural China.     

The hazards and governance of China＇s state-owned monopoly enterprises

Monopoly was formed in the course of capitalism development, but it also exists in socialist countries now. China＇s state-owned monopoly enterprises have made adverse effect even a certain hazards in many aspects of the national economy, such as economic development, income distribution, consumers＇ rights and interests, international competition and exchanges. The reform of China＇s state-owned monopoly enterprises has been on the agenda, and it has become the focus of China＇s economic system reform.