Central Bank Independence,Political Regimes,and the Sacrifice Ratio: A Replication Study of Caporale and Caporale (2008)

A recent article by Caporale and Caporale (2008, this Journal) provides an important finding on the determinants of the sacrifice ratio: central bank independence is not a determining factor for the sacrifice ratio when political regimes and other factors are controlled for. Our replication study shows that their result is driven by errors in the data. With correct data, it can be found that central bank independence is positively and significantly correlated with the sacrifice ratio, even when the nature of the political regime is controlled for.     

数字贸易如何影响贸易高质量发展——基于贸易全要素生产率视角的经验证据

贸易高质量发展是高效优质利用国内国际两种市场和资源的关键抓手,能够有力推动双循环新发展格局及经济高质量发展。基于2010—2020年中国省际数据,实证考察了数字贸易对贸易高质量发展的影响及相关作用机制。研究发现,一是数字贸易能够有效促进贸易高质量发展,且这种影响受到市场开放度的调节;此外,从数字贸易各维度看,其对贸易高质量发展的影响存在异质性。二是数字贸易能够通过产业结构和物流业升级对贸易高质量发展产生推动作用。三是空间回归表明某一地区数字贸易发展会对周边地区产生负向溢出效应。进一步的拓展性分析发现,在东部、中部地区数字贸易能够有效推动贸易高质量发展,对西部地区虽有促进作用,但并不明显;数字贸易各维度中,数字技术在中部地区对贸易高质量发展具有显著促进作用,数字产业化贸易在东部、中部地区对贸易高质量发展具有显著促进作用。研究有助于理清数字贸易和贸易高质量发展之间的逻辑关系及作用机制,为我国通过发展数字贸易进而推动贸易高质量发展提供了理论和经验支撑,为政策决策提供建议。     

中国集体林产权制度改革回顾与展望

采用历史产权制度研究方法,利用详实的历史数据与信息,系统地分析改革开放以来中国集体林产权制度改革每个重要时期的改革内容与进程以及集体林地林木流转制度演化历程,发现改革开放四十年中国集体林所有权和家庭经营的基因没有变,变的是集体林地承包经营权的实现形式;指出集体林产权制度变迁道路中的困惑;提出未来集体林产权制度的选择路径。     

外资引进与经济增长的相关性分析:来自四川的经验证据

改革开放以来,四川省经济增长速度惊人,促使它如此快速增长的因素有很多,本文将从引进外资额这一因素来分析其与经济增长的关系。采用定性与定量的研究方法,来探讨外资引进与经济增长的关系。     

外生型产业集群异变路径探析

作为特殊的集群类型,外生型产业集群从企业的一般集聚,到吸引外部跨国公司进入、根植,促进集体学习和协同创新,进而获得集群乃至区域竞争力是一个动态的复杂过程。而在外生的主导企业的战略导向下,产业集群会发生相互继起的阶段性渐进异变,且随着开放性和根植性的变化,集群会呈现出不同的异变特征。因此,沿着根植性和开放性两个维度剖析外生型产业集群异变的阶段与过程,有助于建构外生型产业集群的异变模型,从而深入探讨集群异变的多维路径。     

东部沿海地区对外开放度与经济增长的实证分析

本文研究的是1994-2005年我国珠三角、长三角和环渤海地区的对外开放程度及其对经济增长的影响。研究结果表明,长三角地区外资依存度的提高对该地区经济增长的促进作用最大,环渤海地区外贸依存度的提高对该地区经济增长的促进作用最大,珠三角地区的对外开放度对经济增长的弹性最低,而环渤海地区最高。通过以上分析我们认为,环渤海地区重点要加快对外开放的步伐,而珠三角、长三角地区应以调整吸收外资的结构为主要目标。     

Trade-threshold Effect on Inflation in Tunisia: New Evidence Resulting from a Nonlinear Approach

Trade openness is an important determinant of the inflation process. The effect of trade openness on inflation, however, is still an issue of debate at both theoretical and empirical levels. This study tried to provide a contribution to the literature by examining the relationship between inflation and trade openness in Tunisia over the period 1975Q1-2015Q4 using a nonlinear model. The originality of this study stems from the fact that it is the first investigation considering both the Residual-Based Tests for Cointegration in Models with the Regime Shifts and Threshold Regression model. The linear model confirms the existence of a positive relationship between inflation and trade in Tunisia. Yet, considering the nonlinear model, trade openness growth and Consumer Price Index (CPI) inflation growth show a statistically significant negative link as long as the trade openness evolution does not exceed the threshold. Nevertheless, if the trade openness growth is higher than the threshold, integrating the trade positively affects CPI inflation. Furthermore, a positive influence of Money supply growth on this type of inflation was noticed in Tunisia in all the considered regimes proving the effect of monetary factors on inflation level. Consequently, trade openness could be used to control inflation in Tunisia.