地方政府支出,RBC模型与中国的区域经济周期——以天津市为例

In this paper, the actual economy in Tianjin Municipal city are simulated with RBC model through introducing local government expenditure. From the works review and stylized facts, it is easy to find that government expenditure will have important influence on economy. Then this paper provides new evidence to support this judgment by DCC theory. After concluding the stylized facts of Tianjin city, a regional RBC model with local government expenditure is developed. Next, this paper starts to solve this RBC model, get log-linearization of the solution and estimate all parameters. A program on Matlab is made to simulate actual economy in Tianjin city with this RBC model. The result is the RBC model with local government expenditure has better performance than that without local government expenditure. Therefore, it will be necessary to consider local government expenditure, if regional economy is researched.     

山西省经济增长与煤炭生产量、消费量的相关性分析

利用19782004年的相关数据,对山西煤炭年产量、年消费量与山西经济增长进行相关性分析,认为山西省的煤炭生产量与GDP增长不具有长期均衡关系,而山西的煤炭消费量与GDP增长有着很好的同步关系,煤炭消费量的变化最终影响了山西的经济增长。该结论解释了山西煤炭的“资源诅咒”现象。山西资源经济要健康地可持续发展,一种符合可持续发展理念的现实选择即是在科学的煤炭价格机制下大力发展循环经济。     

促进地震灾后企业重建的制度安排

汶川特大地震灾害过后,百废待兴,重建家园必将产生新的投资和新的消费需求,这在客观上为企业的重建提供了巨大的发展动力。汶川地震灾区的灾后重建是一个复杂而艰巨的系统工程,其中,灾区企业的恢复与重建将是决定灾区经济彻底恢复的关键所在。灾后企业恢复与重建工作要有科学的规划,同时更要借鉴国外发达国家灾后企业重建经验和我国地震灾区实际,对促进企业恢复重建提供必要的制度保障。对此,要通过卓有成效的财税激励政策,使受灾企业尽快恢复生机与活力;要通过新的金融政策制度安排,为受灾企业的恢复与重建提供支持;要通过切实可行的地权制度设计,为受灾企业的恢复与重建开辟用地绿色通道。     

A study of virtual land trade between China and ASEAN based on material flow analysis model

In this paper,based on the material flux analysis model（MFA） and its corresponding theories and algorithms of ＂virtual land＂ virtual land contents of five primary agricultural products are calculated and＂Virtual land trade＂hidden in those imported and exported products are also obtained through analyzing the primary agricultural product trade between China and ASEAN. In the process of calculationl following the thought of Changing agricultural products to ＂Virtual land trade＂land content, trade condition and spatiai distribution of agricultural products Were integratedly considered. indicate that China exported 73;057 km^2 of virtual land area to ASEAN by tea, vegetables; maize and grain, ASEAN exported： 57.332 km^2 to China by natural rubber from 2002 to 2005. It obvious; that china has lost 15,725 km^2 arable land through agricultural product trade, Additionally, in order to process： of calculation Virtual land trade, Thailand taker as an example to analyze its international trade of rice and Wheat from 1991 to 2005 and Calculate their ＂Virtual land trade＂ 2001 through 2005. According to and calculation, it is not difficult to conclude that ＂Virtual land trade＂ very important and could be used for China to guide agricultural export or import Structure and maintain Sustainable use of land resources.     

A bibliometric study of financial risk literature: a historic approach

This study probes into the development of financial risk literatures through the perspective of bibliometrics. The research samples were collected from the relevant international financial business bibliographic databases. A total of 2727 entries in a span of 29 years from 1970 to 2009 were collected and the results are summarized as follows: (1) the financial risk literatures under influence of the financial turmoil in Asia achieved substantial growth from 1997 to 1998 and an exponential growth curve during the global financial turmoil from 2007 to 2009; (2) the literatures were mainly journals and articles written in English; (3) the United States ranked first in sector productivity; (4) the author productivity of the financial risks was consistent with the Lotka's Law and (5) the document types of the financial risk literatures were mostly dissertation papers on economics and business.     

The multi-market analysis of a housing price transmission model

In this article, we examine dynamic relationships among housing prices from four first-tier cities in China from December 2000 to May 2010 and present an equilibrium model of housing price in multi-markets. By explicitly incorporating and modelling endogenous price series in competing housing markets, our empirical model is able to capture the existence of long-run equilibrium relationships and important short-run dynamics and price structures such as price leadership, price transmission lag and asymmetric price responses. Such multi-market analysis has generalized implications and can easily be applied to analyse the pricing dynamics among other real estate markets in the world. Our major contribution lies in two aspects. First, we employ an Error-Correction Model (ECM) with Directed Acyclic Graphs (DAG) to study the price dynamics in the four largest and key housing markets in China. Second, we uncover a price transmission among these housing markets in China and provide an insightful understanding of price adjustment across markets. The revealed effective price transmission and high correlation among these different markets actually is not a good thing for a stable financial system and for the defence against price bubbles in the housing market.     

Towards Trade Equalisation: A Network Perspective on Trade and Income Convergence Across the Twentieth Century

An enduring dynamic of the twentieth century is the dramatic expansion of global trade with increased partners, goods, frequency and volumes. Most trade explanations such as the Heckscher–Ohlin, new trade theory, gravity models, and Ricardo and Sraffa focus on how bilateral import and export volumes and intermediate input goods are driven by decreased financial and information transaction costs. Extending work on trade flows and economic development, we derive several network measures of degree, betweenness and eigenvector centrality from dyadic trade flows from 1960 to 2009. We then empirically explore the interactive effects of trade connectivity, economic production and stages of development on income convergence and trade equalisation. We empirically find clear patterns towards a new phenomenon, both sigma levels and beta rates trade convergence and equalisation for our entire sample. Visualising sigma and beta convergence for seven major trading nations from 1920 to 2010, we believe offers new insights into economic development theory if only beginning to loosen the knot of trade, growth and globalisation.     

调峰权交易机制对风电并网发电的激励作用

在不考虑发电量变化和考虑发电量变化两种情形下,分别研究了调峰权交易机制对具有高调峰能力的火电机组主动完成深度调峰任务的激励作用。通过经济学理论分析及实例计算得到如下结论:设计调峰权交易机制可激励具有高调峰能力的火电机组主动完成深度调峰任务,从而有利于提高风电利用率、减少弃风。     

绿色城市理论与实践探索

从20世纪七十年代开始,国际上开展了绿色城市广泛的实践活动。力图在中外实践的基础上构建起绿色城市理论的体系框架;明确绿色城市理论支撑、研究范畴与目标愿景,辨析绿色城市的定义内涵;构建绿色城市发展原则、发展目标与指标体系的全空间目标体系;提出完整的绿色城市的全要素技术体系;提出绿色城市规划建设管理与评估监督的全过程标准体系;覆盖不同地域、规模、类型、专业领域的绿色城市的全领域示范体系。     

Unleashing the Power of Networks: Shareholder Activism,Sustainable Development and Corporate Environmental Policy

In recent years, a new trend has emerged in which shareholder activists have formed networks to empower shareholders and magnify shareholder voices. This study explores the structural patterns and effectiveness of shareholder activism networks and shows how those networks affect corporate sustainability policies. We draw upon stakeholder influence theory, stakeholder network management theory and recent studies on activism networks to examine a shareholder activism network formed around environmental issues. The study found that (1) the structure of shareholder activist networks is largely driven by organizational attributes such as organization type, organizations’ human resources, media visibility and history; and (2) activist organizations with high centralities and eigenvector centralities enjoy more efficient results. This study contributes to our understanding of the business responses to shareholder demands on improving environmental performance and paves the way for future research on sustainable development through partnerships with shareholder networks. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment