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WEI Shoudao, WANG Qianyuan:Research on the Effects of Environmental Policies of North and South Countries ——Based on the Game Analysis of Carbon Tax and Carbon Tarif

Abstract:Faced by the fact that the developing and developed countries take comparative advantages in trade and carbon emission reduction respectively, three game models are co...

ZHANG Dingsheng:The Position Evolution of China Export in the Global Value Chain ——An Analysis Based on Value-added Accounting

Abstract:Using the World Input-Output Database(WIOD)and based on the two latest value-added decomposition methods, this paper analyzes the evolution of Chinese exports in the p...

FANG Fuqian, XING Wei:The U-shaped Relationship Between Household Consumption and E-commerce Market Scale

Abstract:In recent years, the rapid growing e-commerce market plays an increasingly important role to Chinas economic development.However, few literatures have studied the rela...

LIU Qinglin,etc:Welfare Effect of the Agricultural Market Access Policy Reform in China ——Based on the Method of Trade Restrictiveness Index

Abstract:Based on Anderson-Nearys Trade Restrictiveness Index, this paper extends the Trade Restrictiveness Index from small country model to big country model through the con...

YE Minghua:Policy oriented Agricultural Insurance:From Policy Inducing to Autonomous Demand by Crop Producers

Abstract:Policy oriented agriculture insurance has been developing rapidly in China From another perspective, there are two causes of the development: one induced by crop produ...

WANG Xiaojie, WANG Li:Fiscal Decentralization, Urbanization and the Full Coverage of Urban and Rural Residents Endowment Insurance ——An Empirical Analysis Based on Provincial Panel Data from 2009 to 2012

Abstract:Fiscal decentralization and urbanization are the two major backgrounds of urban-rural residents endowment insurance.”System Full Coverage” of urban and rural residents...

JIE Xiaoxiao:Firm Size, Analyst Selection Bias and Firm Performance: Evidence from Acquiring Companies

Abstract:After investigating 2769 Chinese share acquisitions, we find that the relationship between analyst following and M&A announcement effect is significantly negative,...

CHEN Changshi,etc:Financial Market Reform and Regional Inequalities: Dominated by Scale or Efficiency?

Abstract:As financial market reform path gradually get clear recently, how the financial market reform affects regional inequalities is becoming a major concern.In this paper, ...

LI Chungen, XU Jianbin:Tax Structure, Tax Price and Demand for Redistribution ——An Empirical Study Based on Chinese Data

Abstract:Based on the theory of fiscal illusion and using city-level and individual-level data, this paper investigates the relationship between tax structure and demand for re...

TONG Jinzhi,etc:Replacing Business Tax with VAT, Bargaining Power and Tax Burden ——Evidence from Chinese Listed Companies

Abstract:As the indirect tax is easy to shift, the turnover tax paid by enterprises cannot represent their actual tax burden.Thus, we should take tax shifting into account when...

QI Shouyin:Constructing Public Economic Theory System Serving for the Modernization of State Governance

Abstract:Public sector economy, which has a very close inner relationship with state governance, plays an important and vital role in state governance.The quality and performan...

DUAN Yading,Cheweihan:Estimation on the Relative Technical Level of Multinational Manufacturing Industry and Analysis of Influencing Factors

Abstract:This paper uses the multinational Ricardian comparative advantage model to estimate the relative technical level coefficient of multinational manufacturing sector duri...

ZHOU Shouhua,etc:Enterprise Eco-efficiency, Financing Constraints Heterogeneity and Export Modes Selection ——Based on the Chinese Enterprises Survey Data of the World Bank in 2013

Abstract:Enterprises environmental and financing resources bear the function of value creation, and export modes selection is the means by which the value is realized.In this ...

ZHU Jingjing,etc:Does the Banking Market Structure Affect Enterprises Credit Constraints in China?

Abstract:Based on a survey data of World Bank on Chinas enterprises, this paper investigates the effect of banking market structure on enterprise credit constraints after finan...

GUO Pin, SHEN Yue:The Impact of Internet Finance on Commercial Banks Risk-taking: Theoretical Interpretation and Empirical Test

Abstract:Through introducing internet finances “reducing management cost” and “raising capital cost” effects into bank risk-taking model, this paper systematically investigates...

GAN Xingqiong,etc:An Empirical Study on Fiscal Incentives of Local Governments in Supply of Public Services for Migrant Population in China

Abstract:As the main body for supply of public services for migrant population, local governments tend to be stimulated and guided by their own fiscal incentives in supply of p...

WEI Zhihua,etc:Who Are the Winners of Fiscal Subsidies? ——An Empirical Research on Listed Companies with the Concept of New Energy

Abstract:Using a sample of 117 Chinese A-share listed companies with the concept of new energy for the period of 2010-2012, this paper empirically tests who are the winners of ...

LIU Baihui:Measurement of VAT Reforms Impact on Price: Based on the Input-output Table

Abstract:Under the background of shifting economic growth rate, its crucial to keep a moderate price level.VAT reform has a profound impact on macro-economy, and the price sys...

YANG Jijun:Lewis Turning Point, the National Income Distribution Structure and Economic Rebalancing

Abstract:The paper estimates rural surplus labor by making use of the standard structure method, and on the basis of this, it attempts to explain the reasons for Chinas intern...

WANG Keqiang,etc:Analysis of the Value of Land Development Rights and its Influencing Factors Based on Dynamic Optimization Model with Constraints

Abstract:This paper first constructs the model on the value of land development rights with constrained dynamic optimization model, and obtains the expressions for the value of...

SHI Longxiang,etc:Market Share Power, Import Market Concentration and Trade Currency Invoicing

Abstract:The paper acquires highly disaggregated data set of value and currency composition which contains orders of 31,209 firms of China purchasing from Japan from 2000 to 20...

ZHANG Chengsi, DANG Chao:Information Stickiness and Updating Frequency of Heterogeneous Inflation Expectations in China

Abstract:Inflation expectations of different groups have heterogeneous characteristics, and clarifying characteristics of the information stickiness and updating frequency is t...

WANG Yilin:Individual Preference and Social Justice in Public Services Allocation: A Questionnaire Experimentbased on the Method of Empirical Social Choice

Abstract:We introduce different kinds of hypothetical situations to investigate the change of aggregative results of collective choice on the level of individual preference.By ...

SUN Sanbai:On Measuring the Income Growth Effect of Urban Immigrant:New Urbanization and Reform of Household Registration System

Abstract:Based on Chinese family household survey data in 2010, this paper studies the effect of different kinds of migration on individuals’ income growth, and finds out...

MA Caoyuan, WANG Meihua:Economic Fluctuation and Labor Income Share——Evidence from China’s Provincial Panel Data

Abstract:Based on empirical study and using provincial panel data, this paper reveals the general characteristics of Chinese labor income share during the short-term economic f...

LIU Xiangdong,etc:Research on Profit-making Mode of Chinese Retailing Industry——A Gambling Equilibrium Analysis Based on Demand Uncertainty

Abstract:Chinese retailers generally adapt an integrated profit-making mode of “front-ground profit & back-ground profit”, which is called “slotting allowance mode”.Neverth...

CHEN Taiming:Analysis on the Influencing Mechanism of Trade Openness on Excess Sensitivity of Consumption

Abstract:This paper studies how trade openness affects excess sensitivity of provincial-level consumption.By theoretical and empirical study based on provincial panel data from...

XIA Tianran, CHEN Xian:Measurement of Barriers to International Financial Services Trade——A Comparative Study of 83 Countries and Regions

Abstract:This paper uses the latest data from the United Nations Service Trade Statistics Database to build the export data of the financial services for 83 countries and regio...

HUANG Jianqing:etc:Key Success Factors of Crowdfunding Projects——Based on the Empirical Comparison of KIA and AON

Abstract:As a typical Internet Finance Model, Crowdfunding has developed very fast in recent years.Relying on the progress of Internet technology and the innovations of finance...

SHEN Lin:Can Interest Rate Corridor Smooth the Volatility of Interest Rate?

Abstract:As a new monetary policy tool, interest rate corridor regime is regarded as an automatic stabilizer against the volatility of interest rates.Based on the theoretical s...

WEN Bohui:etc:The Invulnerability of China’s Banking System under the Stock-Flow Consistent Framework——Based on the Asset Price Fluctuation

Abstract:Based on the stock-flow consistent framework and contingent claims analysis, and from two aspects, which are macro and micro view containing macro-prudential regulatio...

KOU Enhui,HOU Hehong:Consumption Smoothing, Income Shocks and Partial Insurance——An Empirical Research based on Rural Household Survey

Abstract:Using the panel data of fixed observation points in rural areas, this paper analyzes rural residents’ consumption insurance under transitory and permanent income...

YANG Zhenbing, ZHANG Cheng:Have the Policy of Income Taxes Merger Promoted the Innovation Efficiency of Foreign-funded Enterprises?——Evidence from Chinese Manufacturing Industry

Abstract:The implementation of the Policy of Income Taxes Merger in 2008 ends dual taxation system, and guarantees the fairness of tax regulations.But the influence of the chan...

WU Junpei,GONG Min:Study on Transparency of General Public Budget System

Abstract:The core of public budget transparency is to make public choice in white box, which should be guaranteed by system.Therefore, the key is the system transparency of pub...

LIU Guangqiang,etc:Incentive Effects of Tax Preference and Fiscal Subsidies in the Perspective of Industrial Development——Based on the Panel Data from Information Technology and New Energy Listing Companies

Abstract:Tax preference and fiscal subsidies are the main incentive policy tools, which are widely used in motivating industrial development. This paper analyzes the effect of ...

HAN Biao, ZHANG Zhaomin:Inter-regional Transportation Costs, Factors Flow and Regional Economic Growth in China

Abstract:The decrease of the transport cost will expand the interregional flow of human resource and capital, then the allocation efficiency of capital and human resource in na...

WANG Wei, LU Shua:Industry Shocks,Government Control and Behavior of Enterprise Mergers

Abstract:Ultimate controlling shareholders of different natures exert different effects on the behavior of enterprise mergers. From the perspectives political cost and agency c...

YANG Longhi:The“Inverted U-shape” Hypothesis of Circulation Industry Influence and Empirical Study

Abstract:Taking the Feder Model as the theoretical framework, based on China’s Economic data from 1953 to 2012 and the method of state space model, this paper conducts an...

LUO Changyuan, WEI Na:The Price Effect of China’s Export:Evidence from Products of Machinery and Transport Equipment

Abstract:This paper explores the price effect of China’s export on other countries and regions. We analyze the price effect of China’s export to 21 medium-high inco...

SHE Qunzhi, JIA Jingxue:Market Structure of Added Value of China’s Exports and Dependency Relationship

Abstract:Based on the GVC decomposition for gross exports, we further decompose the domestic and foreign added value in China’s exports according to the destination count...

TIAN Jiao, WANG Qing:Bank Capital Constraints, Risk Spillover and Systematic Financial Risk

Abstract:This paper measures spillover risks of banking industry with CoVaR Method and macro financial risks with Contingent Claims Analysis Method with Chinese data from 2005 ...

XIONG Qiyue, ZENG Gang:Capital Buffer and Banks’ Asset Allocation Decisions——Evidence from Multi-national Banking Industries

Abstract:With the worldwide implementation of “Basel Capital Accord Ⅲ”, characteristics of commercial banks’ behavior changes in new supervision environment and relative ...

ZHANG Xin, SUN Gang:Dual Characteristics of Exchange Rate and the Dispute on RMB Between China and the US——Is China a Currency Manipulator?

Abstract:RMB exchange rate has been one of the most controversial issues between China and the US. We conduct empirical analysis on the equilibrium exchange rate of RMB and Chi...

LIU Lijia,etc:Is IMF 2001 GFS Beneficial to the Fiscal Risk Management?——An Empirical Analysis Based on World Experience

Abstract:There exist many problems in government finance statistics in the world, and this paper verifies whether the implementation of “The Manual of Government Finance Statis...

DU Li:Will Flat Tax Dampen the Redistribution Effects of Individual Income Tax System in China? ——A Simulation Analysis Based on 2012 Urban Household Survey Data

Abstract:Using the 2012 household survey data and a simulation analysis, this paper studies the redistribution effects of flat individual income tax in China. It is found that ...

YANG Shengming:Further Discussion on National Income Distribution

Abstract:This paper reviews the issue of national income distribution, and points out that Yang Jianbai has made great contribution in national income statistics and theoretica...

LI Yajun,etc:The Effect of Risk Attitudes on Diversification of Chinese Household Investment

Abstract:Classic financial theory claims that investors will diversify their portfolios to decrease unsystematic risk and pursue the maximization of utility. Nevertheless, nume...

XU Xiaojun, SU Zhifang:Asymmetric Effect of Monetary Policy and Policy Choices in China——Empirical Studies Based on the Perspective of Downward Rigidity of Wages and Prices

Abstract:In order to investigate asymmetric effects of monetary policy and the causes, in a framework of the new Keynesian analysis, the wage downward rigidity and the price do...

ZHANG Jun, CHEN Lei:The Effect of Cultural Heterogeneity on China’s Export——Evidence from Main Trading Partners

Abstract:This paper introduces Mahalanobis Distance to measure cultural heterogeneity, constructs an extended gravity model in the frame of Anderson and van Wincoop(2003), appl...

DAI Zhongqiang,etc:Intellectual Property Protection, Economic Development andTechnological Sophistication of Service Trade

Abstract:How does IPR influence technological sophistication of service export? We differentiate real and nominal IPR protection to effectively overcome the measure error of IP...

ZHANG Yun, TANG Haiyan:Trade Liberalization Policies of Carbon Emissions Peak Commitment in China’s “New Normal”——An Empirical Test on Environmental Effect of Trade Openness and Carbon Leakage Existence

Abstract:China promises that carbon dioxide emissions will peak in 2030, so carbon emissions growth “ceiling” and inevitable industrial restructuring reinforce the importance o...

LI Xiaorong,etc:Can CEO Power Influence Loan Decision of Banks?

Abstract:The economic consequences of corporate executive power, especially CEO power, have become the focus and hot issue of corporate finance. This paper mainly studies wheth...

MAO Xinshu,etc:Prudential Regulation, Fair Value Measurement and Financial Reporting Conservatism: Evidence from the Banking Industry

Abstract:This paper uses pooled cross-section model to examine the relationship between prudential regulation and financial reporting conservatism in the banking industry based...

REN Zhicheng,etc:Fiscal Decentralization, Local Government Competition and Export Growth in the Provincial Level

Abstract:The miracle of Chinese export growth is supported by the regional export growth in the provincial level. This paper elaborates the theoretical logic that fiscal decent...

LV Bingyang, CHEN Zhigang:The Calculation of China’s Provincial Average Tax Rate of Capital, Labor and Consumption

Abstract:The labor, capital and consumption are the connotative tax bases, and it is very important to calculate the tax rate of tax base for macroeconomic studies. According t...

ZHU Jun:Context and Implications of the Research on Modern Macro-Fiscal Theory

Abstract:With the rapid development of modern macroeconomic theory, the research methods and contents of macro fiscal theory develop quickly. Although the nature of modern fisc...

MA Jun:Different Approaches to Public Finance and the Respective Methodology in Economics

Abstract:This paper introduces the development history of public finance as a discipline in the western world. Two major approaches to public finance research, the allocative a...

SONG Ze:On the Key Points of Advancing Chinese Logistics Industry in the 13th Five-year Plan Period

Abstract:Under the background that China is comprehensively deepening reforms and Chinese economy enters a “new normal,” it is time that China should speed up the development o...

DENG Liping,LIN Feng:Dynamic Shock Effects of Fiscal Expenditure on Trade Balance in China

Abstract  Under the condition of an open economy, it is indeed an empirical issue to test the impacts of a country’s fiscal policy application on its trade balance.This pa...

YU Lingyun, LIAO Chuhui:The Study on Pension System Treatment Differences and Institutions for Old-age Care of Urban and Rural Residents

Abstract:The differences of social old-age insurance treatment affect the consumption decisions of individuals or families and their willingness of institution for old-age care...

DING Ruxi, NI Pengfei:Regional Spatial Linkage and Spillover Effect of House Prices of China’s Cities ——Based on the Panel Data of 285 Cities from 2005 to 2012

Abstract:Based on the panel data of 285 cities from 2005 to 2012, this paper explores the features of regional spatial linkage and spillover effects among house prices of China...

QI Yu,etc:Environmental Quality, Healthy Human Capital and Economic Growth

Abstract:On the basis of the overlapping generations model of Blanchard (1985), this paper examines how pollution affects economic growth, and optimal growth of balanced growth...

MA Guangming:The Transition of China’s Trade Pattern Structure and Urban Female Employment ——Horizontal Differences and Vertical Shocks

Abstract:There is an obvious declination of the proportion of female employees among all industries especially in manufacturing industry in recent years in China, and the chang...

LI Wenxiu, YAO Yangyang:Factor Proportion, Technical Disparity and Added Value in Exports ——An Empirical Study on the Sino-U.S.Bilateral Trade

Abstract:With the deepening of the global value chains, trade in added value has become a research hotspot in the field of international trade.This paper constructs model of fa...

PAN Zhen, JIN Zhongkun:Bilateral Political Relationship, Host Country Institutional Risk and China’s Outward FDI

Abstract:Incorporating political factors into the framework of institutional analysis, the paper investigates the impact mechanisms and effects of bilateral political relations...

YAN Jiajia,etc:Hong Kong Offshore RMB Interbank Interest Rate Risk Measurement Research ——Based on the Analysis of AR-GARCH-POT Method

Abstract:Combining the Extreme Value theory and AR-GARCH model, the paper measures risk value of the Hong Kong offshore RMB interbank offered rate(CNH Hibor) in different perio...

CHEN Yufeng, GUI Binwei:Financial Repression Revenue, Public Finance and Financial Reform

Abstract:Based on public finance perspective of financial repression, this paper discusses the relation among financial repression, public finance and financial reform.When gov...

LV Wei, XU Hongwei:Land Finance, Urban Preference and the Urban-rural Income Gap in China

Abstract:Urban preference is a significant feature of land finance, which is an important reason for the expansion of urban-rural income gap in urbanization.According to the pr...

LIU Yi, LIU Weigang:Tax Share, Tax Effort and Local Expenditure: Evidence from the County-Level Data

Abstract:We construct two kinds of tax share between the central and local governments.One is share of shared tax, and the other is actual share of total tax generated in the l...

HUANG Chunyuan, MAO Jie:Fiscal Condition and Local Debt Scale: New Findings Based on the Perspective of Transfer Payments

Abstract:Fiscal income over expenditure is the direct reason of the local government debt in above theoretical analysis.Because of the lack of data on local government debt and...

YANG Bin,etc:The Realistic Choice of Replacing Business Tax with VAT in China’s Financial Sector

Abstract:It’s a global problem to levy the standard VAT on financial services.Due to the infeasibility of credit input VAT by invoice, it is infeasible to build a standar...

WANG Yao,NIAN Meng:“Preference” of Government and Urban Development: A Case Study in China

Abstract:In this paper, we use the administrative hierarchy as the alternative variables about preference of central government to the city by choosing China as an example of e...

WANG Yongjin, ZHANG Guofeng:Population Agglomeration, Communication Externality and Firm Innovation

Abstract:In the wake of rapid urbanization, could population agglomeration encourage firm innovation by promoting the communication of knowledge among people? This paper propos...

WANG Junhao,MU Xiuzhen:Restructuring and Differentiated Regulatory Policies in China’s Petroleum Industry

Abstract:Main businesses of petroleum industry in China are monopolistic.However, the reasonability of monopoly needs to be discussed according to its technical and economic ch...

LI Yong,etc:Is China‘s Energy Importing Relationship Stable?

Abstract:So far, China’s energy import dependence significantly rises, so maintaining the stability of energy importing relationship has become one of the key issues rega...

LIU Yu:Analysis of Embodied CO2 Emissions in China‘s Bilateral Trade A Processing Trade Differentiated Non-Competitive Import Input-Output Approach

Abstract:Trade embodied CO2 emissions is critical to the estimation of one nation’s actual emissions.Many studies estimated China’s trade embodied CO2 emission and ...

WANG Jianxin,HUANG Peng:Credit Constraints, Capital Allocation and Quality of Export Product

Abstract:What kind of role does credit constraint play on a country’s export enterprises to upgrade their product quality? This study shows that the impact of credit cons...

WU Han, DUAN Wenbin:Banking Market Structure, Financial Dependence and Firm Entry——Empirical Research from the Perspective of Optimal Financial Structure Theory

Abstract:Based on the perspective of Optimal Financial Structure, this paper explores the impact of banking market structure on firm entry by constructing the theoretical and e...

HU Jinyan, LIANG Qiaohui:Small-Credit Companys Balance Among Multiple Objectives: Evidence from Shandong Province

Abstract:Combining general theory of dual objectives of Microfinance Institutions with the background and operation features of Small-Credit Company in China, we defined asset ...

GUAN Hongyu,etc:Fair-Rule Preference and the Voluntary Provision in Public Goods: An Experimental Investigation

Abstract:The research of voluntary provision of public goods in last two decades has predominantly focused on the other-regarding social preference, but has not paid much atten...

ZHOU Ye’an,etc:Group Leader and Individual Leader ——An Experimental Study of Public Goods Game

Abstract:Group leader and individual leader, which one is superior? The discussion of this topic has both considerable realistic and theoretical meaning.This paper investigates...

HE Daixin:The Theory of Appropriate Size of Public Debt: Model Characteristics and Non-linear Simulation

Abstract:Due to the default risk and the lack of alarm signal, there is an essential task to research the appropriate size of public debt.Based on micro frame of the endogenous...

ZOU Tieding,YE Hang:Retirement Delay: Unified or Differentiated?——Based on the Interaction Between Pension Deficit and Labor Market

Abstract:Based on the interaction of pension deficit and labor market, this paper analyzed the selection mechanism of retirement delay, and the economic efficiency and politica...

WANG Ning,SHI Jinchuan:The Impact of Factor Price Distortion on China’s Investment and Consumption Structure

Abstract:Insufficient domestic demand and investment and consumption structure characterized by excessive investment are important issues faced by China’s macro-economy.T...

DU Chuang,etc:Institutional Complementarities and Differences in Pharmaceutical Circulation Systems Between Foreign Countries and China

Abstract:In this paper, we compare China with developed market economies in pharmaceutical circulation systems using complementarity theory in economics.We find that systematic...

FAN Zhaobin,YANG Jun:International Emigration Network,Transaction Cost and Outward FDI

Abstract:With the fast development of international migration and direct investment,the relations between international migration network and FDI have been examined by growing ...

ZHANG Mingzhi:The Impact of Trade Openness on Skill Premium:Theoretical Mechanism and China’s Experience

Abstract:This paper uses the mandated wage regression to empirically estimate the impact and mechanism of trade openness on the wage of workers with different skill levels in C...

YU Lihong,etc:Demand Differences of Households in Different Scales and Influencing Factors to Rural Land Management Rights Mortgage Financing——Based on Survey Data of 626 Households

Abstract:This paper conducts empirical analysis on the rural land management rights mortgage financing demand of households in different scales,using 626 samples randomly selec...

PAN Min,WEI Hairui:Do Political Connections of Executives Affect the Cyclical Characteristics of Commercial Banks’ Lending?——Evidences from China’s Banking Industry

Abstract:Using an unbalanced panel data of China’s banking industry from 2003 to 2012,this paper examines the relationships between political connections of banks’ ...

CAI Guowe,etc:Organization Management Structure,Government Public Service and Private Enterprises’ Transformation and Upgrading

Abstract:With the gradual disappearance of “demographic dividend”,the excessive consumption of natural resources and serious damage of ecological environment,transformation and...

QI Haodong,etc:Monetary Policy,Local Government Quality and Financing Constraints——Based on the Influence of Monetary Policy Transmission Mechanism

Abstract:In this paper,we explore the influence of local government governance on corporate financing constraints,and the transmission mechanism of monetary policy.Our empirica...

MIAO Xiaolin,FU Runmin:Division of Powers and Responsibilities,Background of Political Performance and Extraordinary Growth of Local Government Debt

Abstract:Objectively,there exists the separation of authority-responsibility in local government debt in China,which means that it is difficult to make debt power get constrain...

JIA Xiaojun,etc:Block Grants,Local Expenditures and Equalization of Basic Public Services——An Implication for the Reform of Transfer Payments

Abstract:The basic public services are mostly provided by local governments while the central government funds local governments by transfer payments Local governments have str...

LI Rui,etc:Synergy Between Market and Government——A Third-Party Evaluation of Active Labor Market Programs

Abstract:Public programs involve both market and government.Market pursues efficiency while government focuses on equity, therefore employing a single index to evaluate perform...

XUAN Ye,etc:Domestic Demand Driven and International Competitiveness of Service Industry——A Research of “Home Market Effect”

Abstract:It is of great significance for China’s strategic economic transformation to promote service industry relying on domestic market to cultivate international compe...

WU Liang, LV Hongjiang:The Influence of Network Externalities on Chinese MNEs’ Overseas Location Choice

Abstract:Using a database including 836 MNEs in Shanghai Stock Exchange covering 56 countries or regions during 2000-2010 and conditional logit regression, this paper analyzes ...

HAN Jian:The Effect of Home Country’s Service Industry Development on Firms’ OFDI——An Empirical Study Based on OECD Data

Abstract:This paper introduces the theory of heterogeneous firm’s investment and trade and analyzes the theoretical mechanism of home country’s service industry dev...

YANG Qinglong, ZHANG Weifu:A Cost Analysis of International Trade: Perspective and Method

Abstract:Focusing on the proposition of “full cost shaping comparative advantage”, Xia(2011) argues that it is the misunderstanding of the principal of international comparativ...

LI Junping, XU Longbing:Mispricing, Financial Constraints and Corporate Investment

Abstract:What kind of effect mispricing has on real economy is a far-reaching question.How to measure mispricing accurately is a key problem of this question.However, people ca...

LIU Bin,etc:Financing Constraints, Discrimination and the Firm Size Distribution——Based on the Analysis of China Industrial Enterprises Data

Abstract:This paper investigates the effects of financing constraints on firm size distribution based on the data of industrial enterprises from 1998 to 2009.The results are as...

WEI Yanjie, etc:Financial Liberalization, Financial Development and Investment Level Difference in China

Abstract:This paper focuses on examining the effects of Chinese financial liberalization and development on investment level difference, using dispersion in investment level.Th...

YUAN Deyu,SONG Xiaoning:Central Government Transfer Payments and Local Government Investment Decisions in China

Abstract:This paper studies the mechanism of central government transfer payments on local government investment based on local government investment decision-making model, and...

HUANG Shoufeng, ZHENG Guoliang:The Influence of Fiscal Transparency on Corruption:Evidence from China

Abstract:This paper utilizes theoretical model combining with empirical analysis to examine the influence of fiscal transparency on corruption in China.The results show that, t...

WANG Dehua,LI Qiong:Comparison Between the Regional Macro Tax Burden Difference andthe Regional Corporate Tax Burden Difference——Research Based on the Decomposition of Industrial Enterprises Data

Abstract:Based on the industrial enterprises data in 2007, this paper uses the decomposition method to identify the difference of corporate tax burden between 30 provinces and ...

HE Dexu,MIAO Wenlong:Financial Exclusion, Financial Inclusion and Inclusive Financial Institution in China

Abstract:Inclusive finance is proposed for the blocked economic development in the background of financial exclusion.So, rather than the so-called persistent financial aid and ...

YANG Yong:Agglomeration Density, Diversity and Labor Productivity in China’s Tourism Industry

Abstract:Agglomeration density is an important source of tourism industry externalities.In this paper, we use panel data of 31 provinces from 2001 to 2012 and related econometr...

HUANG Qunhui, HUO Jingdong:Industrial Convergence and Servitization of Manufacturing: Cases Study Based on Integrated Solution

Abstract:As for the change of demand, economic globalization, fierce competition and technological progress, boundaries among industries get blurred.Servitization of manufactur...

HE Yurun,etc:Product Market Competition, Executive Incentives and Corporate Innovation ——Empirical Evidence From Listed Chinese Companies

Abstract:The mechanism of product market competition on innovation of enterprises has always been a controversial topic in industrial organization.This paper is different from ...

MAO Hao,CHEN Dapeng:Corporate Behaviors in Purchasing Intellectual Property Service

Abstract:Intellectual property service plays an important role in the production, circulation and consumption of intellectual property.As the Chinese economy gets more and more...

HUANG Meibo, ZHU Dandan:Effect of Foreign Assistance on Export Diversification ——Empirical Research Based on Panel Data of 66 Recipients

Abstract:Using panel data of 66 recipients from 2002 to 2011, this paper studies the relationship between aid and recipients’ export diversification.Research shows that, ...

CHEN Jianxun, ZHAI Chunxiao:Investment Development Cycle: An Empirical Test and Extension on the Basis of Emerging Market Countries

Abstract:Foreign direct investment in emerging market countries is playing an increasingly important role in the world economy.However, research focusing on the investment deve...

WANG Jinmeng, SHEN Zhiyu:Empirical Research of the Influence of Intra-firm Trade on the Performance of Foreign-funded Enterprises ——Based on the Viewpoint of International Division of Labor and Transaction Costsource:Finance & Trade Economics ,No.2,2015

Abstract:This paper studies the mechanism and results of the influence of the intra-firm trade on the performance of foreign-funded enterprises(FFE) from the perspective of lab...

HE Qizhi:Price Persistence, Volatility and Learning Expectation ——Taking Agricultural and Energy Prices for Example

Abstract:Based on the inadequacy of existing models, the constant coefficient persistence model is extended to the Markov model with regime change, and stochastic volatility an...

FAN Yanhui:Capital Flow and Exchange Rate Volatility in An Unsymmetrical Two-country Model

Abstract:This paper examines how the assets adjustment behaviors of investors in the developed country influence nominal exchange rate volatility in less-developed country.It i...

TENG Xiangzhi:Tax Policy Reviews on Financial Lease in View of the Tax Theory of Transaction Characterization

Abstract:In order to coordinate with the development of financial leasing for 30 years, relative tax laws and policies in China have been kept in adjusting and changing.However...

CHEN Sixia, CHEN Zhiyong:Demand Response and Constraint Mechanism of Local Government Debt:Empirical Revelation and Analysis

Abstract:Based on concluding the experience of US municipal debt management, this paper analyzes the constraint mechanism of local government debt under the framework of decent...

WU Xiaoqiu:Internet Finance: The Logic of Growth

Abstract:Internet finance is a new kind of finance format.This paper analyzes the survival logic, theoretical structure and supervision rules of internet finance from the persp...

CHEN Fengxian,WANG Chenwei:From Imitation to Innovation——The Optimal Level of IPP in the Process of Building an Innovation-oriented China

Abstract:The key point of IPP system for China is the issue of protection strength of intellectual property.Based on the position of developing countries, this paper theoretica...

YAO Peng, SUN Jiuwen:Trade Openness and the Spatial Effect of Regional Income:Evidence From China

Abstract:Can trade openness shape the internal economic geography of a country? Empirical evidence on the spatial effects of trade openness in developing countries is limited.W...

HU Cui,etc:The Co-agglomeration of China’s Exports and Its Formation Mechanism——Based on the Perspective of Export Spillover Effect

Abstract:In the process of fast development, there is a phenomenon of co-agglomeration for Chinese export, which means that exporters cluster domestically, and at the same time...

ZHANG Yan,etc:Synergetic Development Path Between Trade in Services and Trade in Goods of China——Empirical Analysis Based on Zhejiang Experience

Abstract:Service trade and goods trade of Zhejiang province have kept a rapid growth and an optimizing structure with the realization of “double trade surplus”, which is quite ...

XU Zhenyu,etc:Influence of Residents’ Fundamental Rights Inequality on Urban-rural Gap——Empirical Evidence From Chinese Provincial Panel Data

Abstract:In this paper, based on Chinese provincial panel data from 1996 to 2008, we used the differential GMM model to conduct an empirical study on the relationship between r...

ZHANG Xuan, YANG Canming:Corruption and Income Disparity Between Urban and Rural Areas: Evidence From 120 Cities in China

Abstract:The rapid development of China’s economy improves the living standard of urban and rural areas with the reform and opening up, but income disparity between them ...

CHU Liping, SU Fang:Confirmation and Motive Dissection of the Inefficient Investmentfor the Capital Invested in Bank Industry in China

Abstract:Based on the data of 61 banks in China from 2007 to 2012 and the relationship between financial capacity and financial efficiency invested in bank industry, this paper...

LIU Rong,etc:On the Evaluation and Analysis of the Total Real Estate Tax——Based on the Data From China Household Finance Survey

Abstract:Based on micro-data from the China Household Finance Survey, this paper conducts theoretical prediction and evaluation of the non-exemption ratio and tax credits of th...

FAN Xuchun, ZHU Baohua:Permanent Shock,Transitory Shock and Consumption Volatility in China

Abstract:Using the method of permanent-transitory decomposition in random shock, this paper analyzes the impact of permanent shock and transitory shock on the volatility of con...

ZHANG Tongbin, GAO Tiemei:Research on the Phase Characteristics and Driving Mechanism of Chinese Business Cycle Fluctuation——Empirical Analysis Based on MS-TVTP Model

Abstract:Based on the Keynesian IS curve and MS-TVTP model, this paper studied the phase operating characteristics and driving mechanism of Chinese business growth cycle fluctu...

YAN Kun, LIU Chenjie:Estimation on GDP Growth in China’s ‘New Normal’ Period

Abstract:This paper studied China’s potential GDP growth in the “New Normal” period, and estimated the potential growth rate from the perspectives of demographic dividend...

WANG Guogang, ZHANG Yang:A Critique of Internet Finance

Abstract:Since 2012, accompanied with the hot topic of internet finance substituting traditional finance, China internet finance entered the period of high speed development an...

CHEN Dong,LIU Jindong:Does Strict Labor Protection Help to Narrow VGE’s Relative Income Gap? ——Evidence From the Implementation of Labor Contract Law in 2008

Abstract:This paper takes the implementation of Labor Contract Law in 2008 as a natural experiment to impose strict labor protection and evaluates its effect on the relative in...

CHEN Lishuang,ZHU Dan:The Problems of China’s CPI Compilation Methods and Suggestions on Further Reformation

Abstract:CPI is one of the core indicators in macroeconomic areas, which has also got attention from the governments, businesses and residents for a long time. CPI plays a deci...

HUANG Teng, JIN Xuejun:Lucky Number Preference, Mantissa Pricing and Price Stickiness ——Evidence From the Internet Prices

Abstract:This paper uses the price data from “T-mall” to examine the existence of lucky number preferences on China’s retail market and its impact on price stickiness. Th...

XU Yingzhi,etc:Energy Consumption, Trade Liberalization and Economic Growth

Abstract:This paper applies a one-step system GMM method with China’s 1995-2012 provincial panel data to analyze the relationships among China’s energy consumption,...

YU Zhen,GE Wei:Economic Integration and Industrial Location Effect: A Panel Data Analysis Based on the Industrial Level of CAFTA

Abstract:This paper constructs a multinational FC model based on comparative advantage differences among countries and applies panel data analysis method of GMM to the study of...

XIE Lijuan,WANG Xiaodong:Influencing Factors of China’s Circulation Cost——Empirical Analysis Based on Marx’s Circulation Fee Structure

Abstract:The adverse effects caused by high circulation costs on Chinese economic development have been widely recognized. The focus of attention and policy, however, are mainl...

WANG Shaolin,etc:Macroeconomic Effects of Monetary Policy Transparency in China ——Empirical Study Based on PTVP-SV-FAVAR Model

Abstract:Pursuing transparency of monetary policy has been becoming a major policy choice for worldwide nations since 1990s, and it is also an important phenomenon in central b...

LI Cheng,GAO Zhixian:Monetary Policy Stance and Heterogeneous Reaction of Bank Credit: Theoretical Interpretation and Empirical Test Based on Credit Transmission Channel

Abstract:From the macro-prudential perspective, this paper builds a micro-credit model with monetary policy stance. Using monetary policy stance index madding by “Text Mining” ...

DONG Li,ZHANG Qichun:The Impact of Local Government Public Expenditure Size on Migration in China: A Dynamic Spatial Panel Data Approach

Abstract:Based on data of 31 provinces in China from 1997 to 2012, this paper establishes a dynamic spatial panel data model. The empirical results show that there is a monoton...

CHU Deyin,CUI Lili:Asymmetric Effect of Fiscal Policy on the Actual Output in China

Abstract:In order to use fiscal policies to control output under different situations of the economic cycle, the government should not only make scientific choice to decide the...

GUO Kesha:Trend, Effect and Countermeasures of China’s Real Estate Market Adjustment

Abstract:Currently, the fluctuation of China’s real estate market is a late periodic adjustment in essence. Combined China’s situation with international experience...

PEI Changhong,etc:The Effect of Negative List on Global Value Chain of Service Industry

Abstract:Based on the decomposition of trade added value proposed by Wang, Wei and Zhu (2013), this paper empirically tested the effect of negative list on the service global v...

FANG Mingyue:Innate Advantages or Hard Work?——An Empirical Study of the Impacts of SOEs’Administrative Level on Total Factor Productivity

Abstract:This paper studies effects and mechanisms of SOEs’ administrative level on firms’ total factor productivity (TFP) for the first time, by using panel data o...

WEN Yanbing:A New Broom Sweeps Clean:Is There Chinese-style Political Business Cycle?

Abstract:Politics is an important cause of economic growth and fluctuations.We present a new Political Business Cycle Theory based on the background of Chinese economic transfo...

ZHANG Hao:On the Trend of Chinese Regional Market: Segmentation or Integration——A Thorough Inquiry and Improvement of Methodology

Abstract:Price Method is a common approach to measure the degree of market segmentation, but this paper argues that, using the logarithmic differentiation of price index, inste...

BAI Junhong, LV Xiaohong:Independent R&D, Cooperative Innovation andForeign Investment Introduction

Abstract:Using regional industrial enterprises panel data of China and applying the knowledge production function in the form of stochastic frontier, this paper empirically tes...

TANG Yi, YIN Xiangshuo:Trade Liberalization, Heterogeneous Firms and Total Factor Productivity:Evidence From Chinese Manufacturing Firms

Abstract:Using large firm-level panel data from 1998 to 2007, this paper examines the impact of trade liberalization on the total factor productivity of Chinese manufacturing f...

ZHAO Dezhao:Is There Threshold Effect of FDI on Transference of Redundant Rural Labor Force?

Abstract:Theoretical analysis finds that, FDI has critical impact on the transference of redundant rural labor force via paying wage premium and providing more employment oppor...

JIANG Ruochen, LU Xuan:Empirical Study on Macro Topologic Properties and Systematic Credit Risks of China’s Credit Network

Abstract:This paper conducts systematic study on the macro topologic properties of financial intuitions-firms credit network from the complex network prospective.Firstly, by an...

ZHANG Xuelan,etc:CEO Compensation and Systemic Risk:An Empirical Study of Listed Commercial Banks in China (2007-2013)

Abstract:It is generally acknowledged that improper compensation incentive is one of the deep roots of financial crisis.Therefore, optimization of compensation structure is con...

TAN Li:VAT Reform of Financial Services Industry Based on Revenue-Expense Flow Method

Abstract:A simple VAT calculation method of financial services industry has been predetermined in our country’s pilot scheme to replace business tax with value-added tax....

WANG Ying, etc:An Empirical Research on the Value-added Tax and Expansionof the Size of Government

Abstract:Value-added tax represents the most prominent achievement in more than half a century of the development of tax policy and tax collection and management.Having the mos...

ZHANG Jinghua:Tax and the Quality of Governance: Cross-country Empirical Tests

Abstract:Taxation affects the quality of governance.Using the cross-country data of both developed and developing economies, this paper tests the relationship between tax reven...

XIE Bofeng:Views on the Current Tax Policy of E-Commerce in China

Abstract:This paper analyzes current tax policy of E-commerce in China and points out that the tax policy of the E-commerce is not ‘vacuum’.Based on foreign scholars’ res...

LI Qiuping,etc:Spillover Effect of Agricultural Product Price in the Perspective of Agricultural Chain——Based on VAR-BEKK-GARCH(1,1) Model

Abstract  Agricultural chain is the foundation of the formation of agricultural products price, and it is essential to study spillover effects of agricultural product prices fro...

TAN Xiaofen,REN Jie:China Factor in Price Fluctuations of International Bulk Commodity

Abstract  This paper uses recursive VAR model and monthly data from January 2000 to July 2013 to investigate what determine the international commodity price fluctuation and the...

ZHAO Xiaowei:Inter-local Government Strategies of Environmental Regulation Competition and Its Economic Growth Effect

Abstract  The paper uses panel data of prefecture-level (and above) cities from 2004 to 2009, identifies whether environmental regulation “Race to Bottom” was global and local p...

LI Jing, CHEN Si:Does Export Enterprise Have a Higher Degree of Eco-friendliness Than Non-export One?——Based on the Test of Micro-enterprises Data

Abstract  Being involved in international trade deeply, Chinese exports enterprises have to take actions to fit ever-changing environmental barriers of other countries. This req...

SHI Qing, LI Ping:Reconsideration of Employment Effects of Chinese Enterprises’ Export

Abstract  The structure and the mode of China’s international trade is undergoing profound changes, and processing trade in the low-end of the global value chain has shown...

WANG Huacheng,etc:Investor Protection and Stock Price Crash Risk

Abstract  Stock price crash severely harms investors’ interests, and hampers the development of capital markets. Hence more and more literature in finance has focused on t...

WU Ge, LIU Kun:The Dynamic Study on Inflation and Output in China——Based on the Time-variant Phillips Curve

Abstract  Based on the microeconomic foundation of firms’ pricing activities, this paper analyzes the dynamics of inflation and output in China. We establish a time-varian...

LI Minghui,etc:The Effect of Monetary Policy on Banks’ Liquidity Creation——An Empirical Analysis Based on Chinese Banks

Abstract  Based on the data from Chinese banking sector during the period of 1998-2012, we empirically test the impact of monetary policy on banks’ liquidity creation. Con...

YANG Haiyan,etc:Tax Evasion Scale and Features of Foreign-funded Enterprises in China——Based on the Macro Data From Ground and Underground Economy

Abstract  The introduction of foreign investment has not only promoted the economic development, but also accelerated the transition of the modern enterprise system. Nevertheles...

WANG Zhenyu,etc:Ecological Civilization, Economic Growth and Fiscal Policy Tropism——Based on Ecological Footprints Model in Liaoning

Abstract  Facing serious situation of resource, environment pollution and ecosystem degradation, China has put the ecological civilization in a prominent position and has taken ...

FU Minjie:The Transformation of Cyclicality of China’s Fiscal Policyin Market-oriented Reform

Abstract  An important feature during the transformation process from a planned economy to a market economy was that the role of fiscal policy changed from the state capital for...

LEI Genqiang, QIAN Rifan:An Analysis of the Impact of Land Finance on Real Estate Development Investment and Commercial Housing Prices——Empirical Evidence From China’s Prefecture Level Panel Data

Abstract  As China’s real estate industry continues to overheat and housing prices continue to rise in recent years, both the public opinions and scholars in China tend to...

YANG Jianzheng,etc:Research on Cross-border E-commerce Index System Based on Factor Analysis

Abstract  As an important branch of electronic commerce, cross-border e-commerce has become an important means for enterprises to carry out international trade, and the force of...

SU Zhendong, SHAO Ying:Can Anti-dumping Measures Raise Survival Rate of Chinese Firms?——A Case Study of Chemical Product “Bisphenol A”

Abstract  This paper selects an antidumping typical case “Bisphenol A” which initiated in 2006 by using the PSM Method to analyze the effect of anti-dumping measures on survival...

SHI Dan, NIE Xinwei:Institutional Cost of Power Trade and China’s Choices in GMS Power Cooperation

Abstract  This paper conducts an in-depth research on the “Border Effect” of power exchange.It discusses the three factors affecting the electric power cooperation and the impac...

LI Li:The Impact of Low Carbon Economy on International Trade Rules and China’s Response

Abstract  Fighting against climate change and the transition to a low carbon economy will bring great impact on trade rules, while the development of international trade rules w...

YAN Yingen:Location Choice of FDI: Market Potential, Geographic Agglomeration and the Same Country of Origin

Abstract  In this paper, we first study the theoretical foundation of location choice and provide the empirical hypothesis that market potential, geographic agglomeration, the s...

LU Yajuan, CALUM G.Turvey:The Influencing Factors and Urban-Rural Differences in the Behavior of Household Risky Assets Holding in China

Abstract  Currently, it is a critical period of economic transition for China.With the imbalance of economic development and the urban-rural income gap, China’s financial ...

SHEN Xianghua:Bank Risk Identification, Government Subsidies and Corporate Debt Cost ——An Empirical Study Based on Data of Listed Companies from 2007 to 2012

Abstract  Bank credit is the most important source of capital for the Chinese enterprises, and the determinants of credit resource allocation and pricing mechanism are also the ...

ZHANG Haoran:Financial Agglomeration and Urban Economic Performance From the Angle of Spatial Spillover

Abstract  Based on urban panel data from 2003 to 2011 in China,we estimate a spatial Dubin model to examine the relationship between financial agglomeration and economic perform...

LIU Baihui, KOU Enhui:Redistributive Effect of Taxes and Public Transfers on Urban Residents in China

Abstract  Using UL decomposition method and 2002-2009 urban household survey data, this paper leads a comprehensive analysis on the impacts of taxes and public transfers on inco...

HU Huaiguo:The Regressivity of Tax Burden in Traditional Chinese Society: A Study Based on Pareto Distribution

Abstract  In this paper, a brief neoclassical model was built to explore the basic features of taxation structure in traditional Chinese society. The production and tax function...

LI Wen:On the Estimation of the House Property Tax Revenue and the Feasibility of the House Property Tax Acting as the Main Tax of the Local Tax System in China

Abstract  This paper designs four plans for the house property tax in terms of the breadth of tax base and the level of tax rate, of which the characteristics are narrow tax bas...

DING Shouhai,etc:Can Service Industry Promote Chinas Employment Chronically?

Abstract  In recent years, there exist both economic callback and employment increase in China, and the service industry plays an important role. Through empirical analysis we p...

SONG Donglin,etc:Regional Development Strategy, Market Segmentation and Economic Growth

Abstract  In this paper, we adopt glacier model to measure the market segmentation index, and use the inter-provincial panel data from 1990 to 2012 to make an empirical analysis...

MA Guangrong: Current Issue | Archive | Adv Search |

Abstract  Many economists, represented by North, have argued that institutions are the most fundamental causes of economic growth. From the view of firm, economic growth results...

ZHANG Xianzhen,etc:Circulation, Production and Consumption: An Equilibrium Analysis Based On a Closed Economic System with 3-Sectors

Abstract  As the key link between production and consumption, circulation ensures smooth operation of social economy. In this paper, we construct a closed economic system with 3...

TANG Jing:RCEP:Integration Dilemma and Impact on China’s Economic Welfare and Industries

Abstract  Based on the Regional Comprehensive Economic Partnership (RCEP) framework, this paper analyzes the difficulties and challenges faced by RCEP regional integration from ...

ZHOU Haichuan:Government Agreements, Institutional Environment and FDI in Land

Abstract  By using the land investment data of GRAIN, which is an international non-profit organization, this paper analyzes the success or failure factors of FDI behavior in la...

SHEN Hongbo, LIAO Guanmin:Can Credit Rating Agencies Provide Incremental Information?——Empirical Tests Based on Short-term Financing Bonds

Abstract  Short-term financing bond is the most significant means of bond financing for Chinese enterprises. Under this circumstance, how to solve the information asymmetry when...

ZHAO Feng,etc: Current Issue | Archive | Adv Search |

Abstract  Chinese financial regulatory authority is at the top of the regulatory pyramid, and its governance level seriously affects the safety and stability of the financial in...

LV Jian:Has Shadow Banking Prompted the Growth of Local Government Debt?

Abstract  According to local government debt theory, spatial economics, and Chinas realities, this paper, based on estimating size of local government debt and shadow banking, ...

XIN Binghai, ZHANG Zhichao:Does Resource Dependence Impair theGovernment Fiscal Transparency?——An Analysis Based on the Sample of 288 Cities in China

Abstract  Based on the cross-section data of 288 cities in China, this paper analyzes the relationship between resource dependence and the government fiscal transparency. Prelim...

WANG Qiao, WANG Lijuan:An Empirical Analysis of Land Revenues and Prices Among 70 Large and Medium-sized Cities of China——Based on Spatial Interaction of Land Revenues

Abstract  The paper studies the spatial interaction of land transfer among 70 large and medium-sized cities of China and classifies land transfers into two types, i.e. bidding, ...

AN Tifu, GE Jing:Related Issues on the Legislation of Real Estate Tax

Abstract  The Decision of the Third Plenary Session of 18th Central Committee of Communist Party of China(CPC) put forward new requirements and deployment for the reform of real...

CHEN Gong, HONG Liyang:Horizontal Comparison and Analysis on the Nontax Competition Degrees of Provinces: From the Perspective of Fiscal Decentralization

Abstract: This paper first computes and compares the degrees of nontax competition of provinces in the eastern, middle and western regions of China. And then, on the basis of t...

TANG Ying, ZHAO Wenjun:Public Expenditure and the Transformation of Economic Growth Pattern of China:An Empirical Analysis Based on Panel Data of China’s Provinces

Abstract: The theoretical analysis indicates that public expenditure can have positive impact on TFP through correcting the external effect of private investment, so as to accel...

DONG Gentai:International Comparison of the Macro Tax Burden in China: An Analysis Based on Comparability

Abstract:In recent years, more and more researches apply GDP tax burden rate to study China’s macro tax burden. However, the fact that GDP tax burden rate ignores country speci...

WANG Zhiqiang, LI Qingchuan:Capital Flows, Credit Growth and Macro-prudential Policies

Abstract: Considering the impact of international capital flows, this paper uses the nonlinear threshold vector autoregression model to analyze reserve ratio policy effects from...

LI Zhibin, ZHANG Wei:Dynamics of Spot Precious Metal Price, Crude Oil Price and RMB Exchange Rate

Abstract:This study examines the long- and short-run information transition among the spot prices of three precious metals (gold, silver, and platinum), world oil price, and RM...

MA Lisha,etc:Does Cross-Holding Affect Share Price Linkage?

Abstract: The paper studies the influence of cross-shareholding relationship of listed companies on share price linkage. By using QAP method, we conduct the analysis of regressi...

WEI Hao:Market Structure of Chinese Imports and the Interdependency Between China and the Countries of Origin

Abstract: This paper constructs a new framework to measure the market structure of Chinese imports and the interdependency among China and its main source countries of imports. ...

HUANG Xinzao, JIN Tao:Institutional Elasticity, Growth Matching and Economic Growth

Abstract: Institutional reform has been proven to be the main cause of economic growth in China. However, there are still some questions: how is the performance of Chinese insti...

ZHANG Qingyong:A Century of Housing Policy in China: Retrospect and Outlook

Abstract:This paper investigates the history of housing policy in China in the past 100 years. We find that, the government of the Republic of China formulated a series of hous...

LIU Xueliang:Housing Supply Elasticity, Determinant Factors and Housing Price Performance of Urban China

Abstract: Although there are a number of papers that have established good view about China’s housing price growth from demand side such as currency, interest rate and demograph...

Jing Linbo: Development of Trade in China: Achievements and Problems

Abstract: China’s trade has made great strides since reform and opening. China’s status as a power in trade has been gradually consolidated and the achievements are: trade volum...

Liu Yingqiu and Wang Hongling: Transformation and Upgrading: A Necessary Choice for Non-governmental Enterprises in the New Development Stage

Abstract: With the development of low-end businesses, an extensive operation model, and lack of cutting-edge competitiveness, Chinese non-governmental enterprises in the “platte...

Lu Zhongyuan: China’s Economic Development and Transformation in the Twelfth Five-year Period

  Abstract: Under the framework of the 12th Five-year Plan, this article attempts to present the path and major goals for developing and transformingChina’s economy. The tr...

Gao Peiyong: Functional Orientation and Foreseeable Prospects of ‘Turning Business Tax into Value Added Tax’

Abstract: This paper analyzes the actual and potential significance and influence of “Turning Business Tax into Value Added Tax” (TBT-VAT), based on which its function orientati...

Jin Wanjun: Reform of the Income Distribution and Tax System

Abstract: Government, companies, and citizens are the three main players in the existing pattern of income distribution. Government predominates the existing pattern inChina. It...

Pei Changhong: The Outlook for China’s Open Economy

Abstract: The author argues that China’s open economy will have the following features: the percentage of China’s commodity exports to the world total will continue to increase,...

Xia Chunyu and Ding Tao: China’s Economy and Distribution from the Perspective of the Global Value Chain

Abstract: After rapid growth over the last thirty years,China economy now faces severe challenges, which are forcing the country to transform its model of economic development a...

Ma Jun: China’s Resource Tax Reform: How to Balance Regional Fiscal Capacities?

Abstract: Many western provinces inChina have advantages in developing industries of natural resources. To turn their resource advantages into economic advantages requires many ...

No.5 ,Year 2014

Conceptions of the Improvement of China’s Sub-National Tax System /ZHU Qing Do Huge Amounts of Tax Concessions Effectively Promote the Development of Hi-tech Industries in Chin...

LI Linmu, GUO Cunzhi:Do Huge Amounts of Tax Concessions Effectively Promote the Development of Hi-tech Industries in China?

Abstract: Based on the provincial panel data from the nationwide survey of tax concessions and relevant indicators of hi-tech industries in China from 2008 to 2010, the empirica...

WANG Jiajie,etc:Tax Competition, Fiscal Pressure and the Non-tax Revenue Expansion of Local Governments

Abstract: While the over-GDP increasing tax revenue remains as one critical topic for economic studies, the extraordinary growth of local non-tax revenue has turned out to be th...

YI Xianrong:Uncertainty Effect of the Exit of U.S. Quantitative Easing Monetary Policy

Abstract:Due to the international nature of U.S. monetary policy and the alienation of modern financial markets, making any changes in the U.S. QE will have a huge impact and s...

HAO Xuguang,etc:Research on Irrational Biases of Security Regulators and Inner Correlation Among the Biases

Abstract: The existing domestic and foreign research on irrational behaviors’ impact on the development of security market is rare, especially on the correlation among regulator...

FENG Yongsheng:Allocative Efficiency of Vertical Structure and Electricity Institution Reform in China

Abstract:The direction of vertical structure reform is fundamental in China’s electricity institution reform process, and the choice depends on the allocative efficiencie...

MA Bianjing, CAI Haijing:How Economic Globalization Affects the Happiness of Residents in China

Abstract:This article quantitatively tests the effect of economic globalization on Chinese residents’ happiness and its transmission mechanism by using data from CGSS2008...

CHEN Wen, LI Qiang:Analysis on the Scale of China’s Export in the Global Value Chain——Based on Value Added Trade Accounting Method

Abstract:The conventional trade statistics cannot answer the question of “who produces for whom” and exaggerates China’s trade situation. Based on the new value added tra...

QI Junyan, SUN Qian:Comparative Analysis on Trade Effect of Chinese Passive and Active Anti-dumping

Abstract:Using the anti-dumping index (ADI) data of foreign anti-dumping against China and Chinese anti-dumping protection from 1995 to 2012, this paper conducts comparative an...

CHEN Qifei, LIU Zhibiao:Demand Scale and Service Export: An Empirical Study Across Countries

Abstract:Does service export increase with the expansion of domestic market demand? To address this issue, this paper establishes a three-sector trade model which contains indu...

CHEN Hong,etc:Research on Mechanisms of Corporate Governance of the Mass Media in the Age of “Big Data”—— Based on Empirical Result of Transparency

Abstract:Taking the listed companies from 2008 to 2012 as the main object of the study, this paper studies the effectiveness and the mechanisms of corporate governance of the m...

LIU Donghua:Can Inflation Targeting Stabilize Inflation Expectations?

Abstract:Since the early 1990s, Inflation Targeting (IT) has been adopted by an increased number of central banks. Some research literatures suggested that IT can stabilize the...

QIN Hailin:A Theoretical Framework and an Empirical Test on the Fiscalization of Financial Risk

Abstract:In order to eliminate the huge negative externality of financial risk, an action of fiscalization of financial risk would be taken by government at a crucial moment, w...

HAO Shuobo, NI Ni:Innovation Heterogeneity, Public Education Expenditure Structure and Economic Growth

Abstract:Based on the endogenous economic growth theory, this paper builds an economic growth model with the growth effect of imitation and innovation. Furthermore, this paper ...

LIU Xiaochuan, WANG Litan:Household Consumption and Optimal Government Spending: Theory and Dynamic Estimates

Abstract:This paper employs Paul A. Samuelson’s multiplier-accelerator interaction model to study the impact of government spending on household consumption. The result o...

LIU Shucheng:Macro-control Reform and Grasping theMidline of “Reasonable Range”

Abstract:This paper points out that in recent three years, influenced by various factors at home and abroad, downward pressure on economic growth in our country is greater.Ther...

ZHANG Xin:The Crux of Chinese State-owned Enterprises Reform——An Analysis Under the Framework of Karl Marx’s Das Kapital

Abstract:This article analyzes the reform of Chinese SOEs with the framework set up in Das Kapital, and concludes that the essence of SOE problems is “capital” matter. Due to t...

ZHU Qing:Conceptions of the Improvement of China’s Sub-National Tax System

Abstract: This paper, on the basis of drawing experiences from foreign countries, analyses the construction of China’s sub-national tax system after the fade-out of business tax...

LI Chenhua:Empirical Estimation on the Ordinal Security of Chinese irculation Industry——Based on Structural and Tendency Adjustment Methods

Abstract:Most of the existing empirical literatures on Chinese circulation industry security estimate a specific security value, or say cardinal security, but have subjective p...

HU Bing, DENG Fuhua:Corruption Distance and China’s Outward Foreign Direct Investment——An Empirical Analysis on the Cross-country Panel Data

Abstract: Based on Institutional Theory and Behavioral Science, this paper introduced “corruption distance” as the characterization of difference in the corruption level between...

No.4 ,Year 2014

Horizontal Comparison and Analysis on the Nontax Competition Degrees of Provinces: From the Perspective of Fiscal Decentralization /CHEN Gong, HONG Liyang Public Expenditure an...

SUN Qixiang, LIN Shanjun:Analysis of Redistribution Effect of China Pension System

Abstract: While PAYGO plays an important role in reducing poverty, narrowing the wealth gap and promoting social fairness, it faces great challenge under the background of aging...

XIAO Huimin,LIU Huihuang:Does China’s Outward FDI Enhance Firm’s Efficiency?

Abstract: Using the 2005-2011 micro-data and based on the propensity score matching method, this paper estimates the impact of China’s outward FDI on firm’s producti...

PANG Mingchuan,etc:Decline Reasons of Major Developed Economies FDI to China After China’s Access of WTO

Abstract: At the beginning of reform and opening up, the implementation of “bringing in” strategy promote the increase of foreign direct investment(FDI) to China. However, since...

ZHANG Haiyan:Evaluation of China’s Gains From Opening-up:Based on Input-Occupancy-Output Model

Abstract: In order to evaluate China’s gains from opening-up economy, this paper constructs China’s input-occupancy-output model, measures the factor structure, energy consumpti...

MA Peng,XIAO Yu:Study on Technical Complexity of Service Trade Export and Industrial Transformation and Upgrading:Comparison Analysis Based on Panel Data of G20 Countries

Abstract:This paper calculates the technical complexity index of service trade export and puts it into a dynamic panel model of industrial transformation and upgrading, with th...

SU Hongjian,etc:Multi-Dimensional Nature and Empirical Test on Urban Agglomeration Economies

Abstract: Urban agglomeration economies are of multi-dimensional nature, and different dimensions of urban agglomerative characters can affect the agglomeration economies. This ...

Zhang Yingxi:Research on Service Consumption Demand Elasticity of China’s Urban Resident

Abstract: Following the constant increase in income, people’s consumption level has gone up notably and consumption structure is improving. The paper has stimulated the el...

No.6 ,Year 2014

  An Empirical Study of China’s Inter-Regional Economic Development, Urbanization and Fiscal Supply for Housing Securit——Based on a Framework of Spatial Econometric Model ...

OUYANG Huasheng, HUANG Jrtsung:An Empirical Study of China’s Inter-Regional Economic Development, Urbanization and Fiscal Supply for Housing Securit——Based on a Framework of Spatial Econometric Model

Abstract: Factors to affect housing security are more complicated than those to other issues. According to the empirical results from the spatial econometric model, it is indica...

JIN Di:Where is Excess Money: An Explanation for Secular Decline of Income Velocity of Money in China

Abstract: Since PRC was founded, /GDP in China had been rising, or income velocity of money (GDP/ ) had been declining. This puzzling secular phenomenon had not been explained w...

LI Yihua,etc:Measurement Index of Fiscal Decentralization and Revaluation of the Economic Growth Effect

Abstract: The research of fiscal decentralization is based on the reconstruction of measurement index. In view of the combination of fiscal decentralization principles and its r...

ZHAO Wensheng, LIU Shulin:Comprehensive Analysis of the World Economic Impact on Excess Liquidity and Global Imbalances——Based on Money Dilution Theory

Abstract: In this paper, we put forward the Money Dilution Theory (MDT) based on analysis of the traditional monetary theories of CIU, CIA and OLG. MDT reveals that the most ess...

YUE Yaoxing, FAN Tao:Institution Environment and Location Choice of China’s Outward FDI in Asia

Abstract: Since 2003, China’s FDI has been maintaining a momentum of rapid growth. As a gathering place of China’s FDI, Asia investment stock accounts for more than 70% of...

ZHANG Yue, ZHAO Shukuan:Study on the Theory and Path of Business Model Innovation——An Element Perspective

Abstract:Business model innovation can provide remarkable competition superiority for enterprises. Therefore the key to business model innovation is to distinguish its mechanis...

SONG Rui:Time, Income, Leisure and Life Satisfaction: An Empirical Study Based on SEM Model

Abstract:Based on the data from Chinese Leisure Survey (2013), this article examines a hypothesized model of relationships among (leisure) time, income, leisure activities part...

CHEN Yongbing,etc:Will Export Duration Promote New Market Entry——Evidence from China’s Micro-level Data

Abstract: How to maintain the normal growth of Chinese exports has become the current issue of China’s external economic during the post-financial crisis period. Based on the CE...

YANG Biyun,etc:Determinants of Household Consumption Expenditures for Services: An Empirical Study Based on Urban Household Survey Data

Abstract:Accelerating the development of modern service industry has become a significant link for China to promote economic growth and economic strategic restructuring. This p...

WU Xiaomei, GUO Zhaoyang:Effects of Website Characteristics on Impulse Buying: Based on the Perspective of Flow Experience

Abstract: The paper studies the mechanism of website interactivity and vividness on impulse buying from the perspective of flow experience. It constructs the theoretical framewo...

XU Xiaohua, CHEN Qi:Different Price Responses Between SSE Bond Market and Inter-bank Bond Market——Based on the Perspective of the Important Announcements

Abstract: Chinese inter-bank bond market and SSE bond market are still in the state of division now. By establishing the GARCH model, this paper analyzes the different responses...

MAO Jie,etc:Effects of China’s VAT System Transition on Firms’ Investment and Employment——Empirical Evidence from the National Tax Surveys of 2008 and 2009

Abstract: Based on theoretical analysis, this paper empirically studies the effects of China’s VAT system transition in 2009 on firms’ fixed capital investment and employing rec...

QIN Yi:Does Ownership of Enterprises Promote or Impede Technological Spillovers of FDI——Evidence from Manufacturing Enterprises

Abstract:Whether the spillover effect from FDI to domestic enterprises is positive or negative is still a controversy, and heterogeneity of enterprises is often ignored in rese...

SONG Tao, ZHENG Tingguo:China’s Regional Business Cycles and Their Synergy with the National Business Cycle

Abstract: Exploring the business cycle characteristics from regional perspective has important implications for better understanding the regional and national economic performan...

JI Chao:Trends of Investment Efficiency and Total Factor Productivity: Based on Comparative Analysis of Differences Among China’s Special Economic Zones

Abstract: Excessive investment has led to a decline in the efficiency of resource use. For the analysis of the country as a whole always ignores the structural problems of unbal...

FANG Hong, WANG Hongxia:Research on Costs of Rare Earths Trade and Adjustment of Strategies from Full Cost Perspective

Abstract:China ranks first in terms of rare earths reserves, production, and export. However, its huge resource endowment was not turned into economic interests in the global m...

MAO Fengfu,etc:Financial Constraints and Real Estate Market Development:A Stock-Land Interaction Perspective

Abstract: In this paper, we use the micro data of investment and stock price of listed real estate enterprises from 2004 to 2012 to test for stock-land interaction mechanism. Th...

LI Peixin,etc:Is the Stock Market a Casino?

Abstract: It has been 20 years since the inception of the Chinese stock market. However, the market is still being criticized as a casino. This article compares the stock return...

SU Mingzheng, ZHANG Qingjun:Co-Loan Relationship Network of Banks in China——Based on Complex Network

Abstract: This paper builds Co-Loan relationship network of banks in China by using 2-mode of credit loan of banks to listed companies and analyses its topological structure a...

MA Yong, CHEN Yulu:Government-Market Relationship in Financial Development National Endowments and Efficient Frontier

Abstract: The determination of an effective frontier between government and market is crucial to the stable and efficient operation of the financial system. This paper shows tha...

CHEN Min, GUO Jiqiang:Tax Exemption, Behavioral Effect and the Wage Inequality

Abstract: Most research of the impact of tax exemption on wage inequality in China doesn’t include the feedback of individuals, which is likely to lead to bias and distortion of...

LIU Qiongzhi, WU Ye:Income Inequality and Fiscal Redistribution: Has the Rich Captured Government?

Abstract: This paper presents a model by which non-median voters decide fiscal redistribution. The model reveals that the rich will use its own capital to produce the GDP that t...

GAO Peiyong:From Adapting to Market Economic System to Matching National Governance System——On the Basic Orientation of a New Round of Fiscal and Taxation Reform

Abstract: Based on deeply understanding the spirit of the Third Plenary Session of 18th National Congress of CPC, this paper discusses the basic goal and routine of a new round ...

No. 3,Year 2014

From Adapting to Market Economic System to Matching National Governance System——On the Basic Orientation of a New Round of Fiscal and Taxation Reform /GAO Peiyong Income Inequa...

YANG Zhiyuan, TAN Wenjun:Technical Innovation, Trade Fluctuation and the Growth of Service Sector

Abstract: By extending the Grossman-Rossi-Hansberg model, this paper identifies the mechanism of technical innovation affecting the correlation of service trade and the growth o...

WANG Liangliang, REN Baoquan:Market Power, Industry Structure and Price Competition

Abstract:Price determinants and price competition are important issues in firm theory. Due to difficulties in accessing and measuring the price competition tendency of a compan...

HE Da’an:Constructive Ideas and Frame Design of the Circulation Industry Organization Theory

Abstract: Existing analysis on the circulation industry organization is usually in the framework of western industrial organization theory. In fact, the competition and monopoly...

JIANG Hong,etc:Trade Statistics Method Based on Asset Ownership and Sino-US Bilateral Trade Volume Correction

Abstract: This paper uses the trade statistics method based on asset ownership to calculate Sino-US bilateral trade volume, and the results show that, compared with the traditi...

LI Qingru,etc:The Impact of Trade Liberalization on Intra-industry Wage Inequality——Evidence from Chinese Manufacturing

Abstract:Based on Chinese manufacturing firm dataset over the period of 1998-2007, this paper examines the impact of trade liberalization on intra-industry wage inequality in 7...

WANG Xiaosong,etc:Forecasting Chinese Export Potential

Abstract: By utilizing gravity model of international trade, we establish Chinese Export Equation to forecast Chinese export potential in the future. Even following our pessimis...

GAO Guangchun:Financing Mode for the Shanty Towns Reconstruction——Based on the Case of Liaoning Province in China

Abstract: This paper is on financing mode for the shanty towns reconstruction. Firstly, this paper outlined research literatures relevant to the financing for squatter settlemen...

ZHI Xiaoqiang, DENG Lu:Does Investor Heterogeneous Beliefs Affect Discounts of Private Equity Placements

Abstract:This paper theoretically analyses and empirically examines how investor heterogeneous beliefs affect private placements of equity discounts in the full circulation era...

FAN Yong, WANG Wei:Marketization Level and Tax Shield Effect of Enterprise Debt——Empirical Evidence from China’s Listed Companies

Abstract: Using the data sample of listed companies of China from 2002 to 2011, this paper analyzes the inter-temporal effects of market-orient process on tax shield of enterpri...

FENG Haibo, FANG Yuanzi:Environmental Effects of Fiscal Expenditure at the Local Level: An Empirical Investigation from Cities in China

Abstract:This paper both theoretically and empirically investigates the impact of local government spending on the environment under the institutional background of China’s fis...

DENG Xiaolan,etc:Does the Inverted-U Shaped Relationship Between Carbon Emission and Economic Development Exist? ——The Reexamination of Environmental Kuznets Curve Hypothesis

Abstract:Based on semi-parametric generalized additive models, this article investigates the Environmental Kuznets Curve hypothesis of carbon emission, using the panel data of 2...

ZENG Kanglin,etc:Innovative Thinking on the Excess Growth of Money Supply in China

Abstract:It is not appropriate to substitute M2/GDP for the Financial Interrelations Ratio(FIR) proposed by Raymond W. Goldsmith. FIR is mainly used to indicate the degree of f...

YANG Shengming:Basic Characteristics of Marx International Trade Theory

Abstract: This paper concludes that there are three basic characteristics of Marx international trade theory. The first is the nature of practice, as it is based on practice, co...

No. 2,Year 2014

Basic Characteristics of Marx International Trade Theory /YANG Shengming Innovative Thinking on the Excess Growth of Money Supply in China /ZENG Kanglin, XU Peiwen & LUO Ji...

No.12 ,Year 2013

Fair Competition and Common Development: Establish an Inclusive Mechanism for China’s Economy with Different Types of Ownership /HU Jiayong Thought About Deepening the Reform o...

ZHU Bowen,etc:Monetary Policy and Bank Lending Behavior: A Study From the Perspective of Firms and Banks

Abstract: We make an attempt at researching balance sheet channel and bank lending channel of monetary policy by using loan-level data between firm and bank. By using data of ba...

MAO Xinshu, YU Dehui:Accounting Standards Convergence, Overseas M&A and Investment Efficiency

Abstract: We select the data of A-share listed companies in Shanghai and Shenzhen Exchanges from 2001 to 2011 as the sample and study the role of converge of accounting standard...

ZHANG Ting, CHENG Jian:Real Effective Exchange Rate, Fixed Asset Investment and Economic Growth– Based on the Experience of G-7 Countries

Abstract: Taking seasonal data of G-7 countries over the period of 1995 to 2012 as sample, we estimate their co-integration equations about growth rate of fixed asset investment...

WANG Suqin:Empirical Analysis on the Transformation of China’s Regional Foreign Trade Development Mode——Based on the Data of 15 Major Provinces(cities) of China

Abstract:This paper selects 15 major provinces(cities) of China including 7, 5 and 3 provinces(cities) of eastern, central and western China respectively, on the basis of the i...

LI Xin,etc:Import, Export and Productivity——An Empirical Analysis Based on China’s Manufacturing Firm Level Data

Abstract:Using the database of China’s industrial enterprises and customs data of China from 2000 to 2005, this paper analyzes self-select effect and productivity-enhancing eff...

LIU Jiajun,etc:Study on the Shift of CO2 Emissions Gravity Center and Driving Factors

Abstract:Under the circumstances of global climate change and energy shortage, promoting the coordinated development of economy, energy and environment, and transforming to low...

SONG Xuguang:Revision of National Accounts: Potential Impacts and Response Options

Abstract: After years of preparation, the revised SNA formally completed. As the core international statistical standard, the new SNA made significant progress and would make pr...

DUAN Junshan, CUI Mengxue:Comparative Analysis on National Statistical Capacity——Empirical Evidence Based on World Bank’s Bulletin Board on Statistical Capacity

Abstract: This paper compares China’s statistical capacity scores with other emerging economies listed on World Bank’s Bulletin Board on Statistical Capacity (BBSC) databa...

HU Jiayong:Fair Competition and Common Development: Establish an Inclusive Mechanism for China’s Economy with Different Types of Ownership

Abstract: Private economy has become an important driving force of China’s economic and social development. Although “unwaveringly encourage, and support and guide the dev...

QI Shouyin:Thought About Deepening the Reform of Fiscal System

Abstract: At present, it is in the critical moment for deepening the reform of fiscal system, so it is essential to conduct new guiding ideas which should pay more attention to ...

LV Wei, GAO Fei:Urbanization, Citizenization and Urban-rural Income Gap——Comparison and Selection of Citizenization Measures Under “Double Dual Structure”

  Abstract:Urban-rural income gap in China is strongly related to its typical double dual structure, which means it is related not only to income gap caused by urban-rural dua...

MA Xiao,etc:Regional Distribution of Transfer Payments and its Moderating Effect on Fiscal Revenues’ Disparity

Abstract: This article first constructs an effect coefficient of transfer payments by using the Gini Coefficient of fiscal revenues with and without the transfer payments respec...

No.1 ,Year 2014

Coordination of the Statistical Indicators Between Household Survey and National Accounts of China /XU Xianchun Deep Reformation of China Finance and Internet-based Finance /WU...

XU Xianchun:Coordination of the Statistical Indicators Between Household Survey and National Accounts of China

Abstract: This article includes two parts, the first is to systematically comb the differences of household income between the current household survey and the flow-of-funds sta...

WU Xiaoqiu:Deep Reformation of China Finance and Internet-based Finance

Abstract: There are still three main limitations in Chinese finance system: Low level marketization, weak ability to take risks and low internationalization. Accordingly, we sho...

SONG Ze:On the Main Direction of Comprehensively Deepening Reform

Abstract: Different groups of vested interests certainly have various perspectives about reform and make diverse claims. However, distinctions cannot be seen as barriers to reac...

WANG Yiming,etc:“Top-down” Institutional Reform and Determinants of Local Government Size in China

Abstract: The fact that conflicting empirical evidences regarding Chinese government size may be attributed to the negligence of common factors in model specifications. Using th...

WEN Jiaoxiu, JIANG Hong:Changes in China’s Inter-provincial Equalization of Basic Education Service

Abstract: Using the method of principal component analysis and cluster analysis, this paper analyzes the changes in China’s inter-provincial equalization of basic educatio...

DOU Erxiang, XIE Yixiang:The Formation of the Sharecropping Education Financial Contracts: Design and Risk Prevention Design and Risk Prevention

Abstract:Student-oriented human capital valuation is the basis of sharecropping education financial contracts, the core and soul of the education of financial engineering and ...

HUANG Xian, WANG Shumeng:Asymmetric Effects of Monetary Policy from the Perspective of Inflation Expectation

Abstract: Using the MS-VAR model, this paper analyzes the asymmetric effects of monetary policy under the sticky-information theory framework and conducts empirical test. The re...

LIU Qinglin, BAI Jie:Measure of Service Trade Barriers in China: Based on Frequency Analysis Method

Abstract: Compared with trade in goods, barriers in service trade is complicate and obscure. How to find a right method to measure it precisely is a difficult problem in this re...

CHEN Xiaowen,etc:Research on Low-carbon Transformation and Upgrading in Chinese Export Industry——Based on DPSIR Framework

Abstract: Based on the DPSIR framework, this paper constructs the index system of low-carbon transformation and upgrading in Chinese export industry, calculates the subjective, ...

WANG Jun:Dynamic Effects of Multinational Outsourcing on the Local Enterprises Productivity in China

Abstract: This paper analyzes the dynamic mechanism of multinational outsourcing intensity and outsourcing model on the local enterprises productivity based on relationship amon...

LI Li:Analysis of Collaborative Evolution Between Circulation Industry and National Economy in China

Abstract: After 30 years of rapid development, the basic and guiding position of circulation industry in our national economy has been gradually established. This paper focuses ...

GAO Xuewu, ZHANG Dan:Local Governments’ Expenditure and Private Investment: Crowding-in or Crowding-out?

Abstract: The relationship between local governments’ expenditure and private investment has been the focus of attention of academia, but consistent conclusion has never been re...

YANG Xiaolan, ZHANG Anquan:Economic Growth and Environment Degradation:Evidence from Panel Data of Prefecture-level Cities

Abstract: This paper estimates the Environmental Kuznets Curve (EKC) for SO2 emissions per capita, wasted water per capita and dust and fume emissions per capita by employing th...

LI Wurong, FENG Yuan:A Comparative Analysis of TISA and GATS

Abstract: The WTO negotiations on trade in services under GATS are at an impasse in the Doha Round. The United States, the European Union and other interested WTO members are di...

No. 11,Year 2013

New Development Stage of China’s Economy /LI Yang Double-track Housing System: How to Make It Meet the Requirements of National Situation and Sustainable Development /JIA Kang,...

LI Yang:New Development Stage of China’s Economy

Abstract: From the subprime mortgage crisis in 2007, global economy has faced long time depression and started to show a “New Normality.” In the new development stage, “Currency...

JIA Kang, LIU Junmin:Double-track Housing System: How to Make It Meet the Requirements of National Situation and Sustainable Development

Abstract: After briefly depicted the major achievements of housing system reform, this paper extensively examined the major factors that determine housing demand and real estate...

PENG Haoran ,etc:The Impact of China’s Fiscal Decentralization on Health Outcomes

Abstract: Health status is an important indicator of measuring the level of one country’s economic and social development. There has been a huge controversy over the impact of f...

LU Qianjin, WEN Bin:Foreign Exchange Market Pressure and The Inflation in China: Theoretical Analysis and Empirical Evidence

Abstract: Based on the decomposition of money supply and the money market equilibrium, the foreign exchange market pressure is defined, and then the theoretical model is set up ...

XU Ying,QIAN Shuitu:An Empirical Study on the Effect of Monetary Sterilizing Policy——Based on Simultaneous Equation Systems: 2001—2012

Abstract: This paper lists evidences of monetary supply and currency withdrawal in recent ten years and we find monetary supply is controlled by forex purchase and monetary ster...

XIA Xianliang:On the Development of Industrial Organization System in International Trade: Focus on the Construction of Channels and Networks in International Trade

Abstract:This article analyzed the organization system structures in China’s international trade industries, and realized that China’s foreign trade faced the issue...

LIANG Bibo:The Status of China’s Involvement in the Global Network of Intra-product Specialization

Abstract:Basically, a country’s position in the global network of intra-product specialization is determined by its factor endowment. Under the influence of some variables, the...

SANG Baichuan, etc:Comparative Study of Inward Foreign Direct Investment Potential of Emerging Economies

Abstract: This paper makes a comparative study between “BRICS countries” and the “Next-11″ by using the modified FDI Potential Index. The results show that, in recent year...

JIN Shuanghua:Empirical Study of Property Income Gap and Tax Burden in Urban Area of China

Abstract:This paper, by using the Lorenz Curve and the Geni Coefficient, firstly calculates the property income distribution and the Geni coefficient change of different urban ...

WANG Shucui:A Study of the Service Industry’s Brand Development Trend:Corporate Branding

Abstract:Based on tracking the service brand,corporate brand and corporate branding literatures, combined with some typical cases of service industries’ brand management, this...

LIU Yu,etc:The Comparative Analysis of the Separate Carbon Market and Inter-provincial Carbon Market -Based On Chinese Multi-Regional CGE Model—TermCo2

Abstract: We use the Chinese multi-regional general equilibrium model (TermCo2) to simulate the economic impact of the separate carbon trading of Guangdong and Hubei and inter-p...

SHI Mingming:Consumer Heterogeneity, Search and Equilibrium of Retailing Forms——How Distribution Process Respond to Consumer Heterogeneity in Post-Fordism Era

Abstract:Retailing format based on diversity and multiple equilibrium is an important response on the consumer heterogeneity in Post-Fordism Era. This paper constructs 1×N, N×1...

DING Ning, Wang Xuefeng:Internal Properties, Quality of Domain Meta and Diffusion of Circulation Innovation by Retailers—Taking Center Place of Counties for Example

Abstract:The urban retailers are important subjects to construct the rural modern circulation system. This paper employs the theory of technological innovation diffusion, and a...

DAI Xuefeng:Exploration of High Investment, Low Return Phenomenon of Tourism Industry

Abstracts: Tourism investments have increased rapidly ever since the Reform and Opening-up, and have even surged in the new millennium. Even though tourism statistics is not com...

ZENG Shihong, XIANG Guocheng:Technology-intensive Services’ High Profitability: Market Forces or Innovative Bonus

Abstract: Service industries have higher average profitability than that of manufacturing sectors. This paper firstly builds a two-stage game model of cost-saving innovations an...

HONG Jiangtao etc:On the Third-party Rating Website’s Influence on Brand Image of Catering Enterprises and Customer Behavior—— A Study on www.dianping.com

Abstract:This paper chose www.dianping.com as its research object and studied the effects of different dimensions of the third party rating on catering enterprise brand image a...

ZHANG Shaojun, LI Shantong:Evolution Trend, Characteristics and Outlook of the Inter-Provincial Trade in China: From 1987 to 2007

Abstract: This paper summarizes the trend of the evolution of inter-provincial trade in China from 1987 to 2007. We conclude the evolution trend and characteristics. First, the ...

HONG Lianying,CHEN Si:The Selection of OFDI Patterns of Chinese Energy Resources Industry: A Perspective of Micro-Production Organization Control

Abstract: This paper, from a perspective of micro-production organization control, investigates the organizational control mechanism of the enterprise’s power behavior on OFDI, ...

ZHAO Zhongxiu etc:The Prediction of China’s Carbon Emission Turning Point Based on the Classic EKC Model

Abstract: This paper employed the adjusted STIRPAT method to examine the impacts of energy structure, production structure, technology, trade pattern, consumption as well as pol...

WANG Guohong:Research on the Power of China’s Banking Market and its Evolution

Abstract: This paper applies the Panzar-Rosse’s H statistics to measure the power of China’s banking market and its evolution, using the unbalanced panel data of 125 banks opera...

ZUO Dayong, LU Rong:Rationality and Investors’ Behavior——Based on the Behavior of Institutional and Individual Fund Investors

Abstract: Investors of different levels of rationality are likely to have different investment behavior. Institutional and individual investors are two groups representing disti...

WANG Huacheng etc:Behavioral Finance and the Dynamic Adjustment of Capital Structure: A Loss Aversion Perspective

Abstract: This paper investigates whether the speed of capital structure adjustment is symmetric around the optimal point from the perspective of loss aversion. We show that the...

ZHU Cuihua , WU Lichao:Fiscal Competition Strategy Choice of Local Governments:Macro Tax Burden or Public Expenditure?

Abstract: Using game theory model, this paper discusses the government competition of multiple competition strategies theoretically. In order to analyze local government competi...

DENG Ming:Fiscal Expenditure, Expenditure Competition and China’s Regional Economic Growth Efficiency

Abstract: The fiscal expenditure and expenditure competition of China’s local government are important driving forces of economic growth on the institution background of “Feder...

LV Bingyang:Study on Imposing Excise Tax and Reforming the Tax-sharing System

Abstract: At present, there exist some problems in China’s tax-sharing system, such as local tax system incompletion, low efficiency of transfer payment allocation, reinfo...

ZHAO Jin:Abenomics and Sovereign Debt: Risks and Prospects

Abstract: Currently, Japan’s national debt has topped 1 quadrillion yen. Fiscal deficit-to-GDP ratio has reached 9.0% and debt-to-GDP ratio was 224.3%, both were beyond the inte...

No.10 ,Year 2013

Abenomics and Sovereign Debt: Risks and Prospects /ZHAO Jin Study on Imposing Excise Tax and Reforming the Tax-sharing System /LV Bingyang Fiscal Expenditure, Expenditure Compe...

HU Zhiguo, YAN Chengliang,etc:Liutang:Growth Effect and Welfare Effect of Government’s R&D Policy

Abstract: Innovation is the fundamental cause for China’s transformation from the factor-based growth to the innovation-based growth, and R&D investment is the precondition ...

GUO Na,LI Zheng:On the Effectiveness of China’s Monetary Policy Over the Regulations of Real Estate Market——Based on the Analysis of Directed Acyclic Graphs

Abstract:Under the background of China’s real estate market regulation, this paper discusses the effectiveness of China’s monetary policy over the regulations of real estate ma...

GAO Zhengping, ZHANG Xingwei:Social Capital, Government Governance and Viability of Regional Firms——Empirical Study Based on Provincial Data of China

Abstract: Based on Chinese annual provincial data from 2006 to 2010, this paper explained how “Chinese puzzle” and differences among regional economic development happened throu...

WANG Kai, JIN Yuying:On the Formation Mechanism of Global Free Trade Agreement Network

Abstract: Free Trade Agreements (FTA) have proliferated globally since the mid-1990s. This paper aims to analyze the formation mechanism of global FTA network based on the compl...

LI Qiang, ZHENG Jianghuai:Value Chain Upgrading of China’s Manufacturing Industry Based on Intra-Product Specialization: Theoretical Assumptions and Empirical Analysis

Abstract: This paper builds a theoretical model based on intra-product specialization, and proposes three hypotheses which influence the value chain upgrading of China’s m...

SUI Hongguang:FDI, Trade Expansion and Economic Growth Quality of China: A Study Based on Dynamic Model with Provincial Panel Data

Abstract: Based on measuring the quality of China’s economic growth with provincial data, this paper estimates the effect of FDI and international trade on economic growth quali...

LIN Jihong, ZHANG Lu:Equity Strategy Choice of Chinese Firms in Overseas M&As

Abstract: Overseas mergers and acquisitions of Chinese firms experienced rapid growth and attracted the attention of academic research. Existing studies mainly analyzed the moti...

TAO Shigui, YE Yafei:Estimates of Overseas RMB Stock and Its Impact on Domestic Money Supply——Based on the RMB Cross-border Transactions Perspective

Abstract: With the development of RMB cross-border transactions, the overseas RMB stock is also increasing. What is the specific amount of overseas RMB stock? What are the influ...

CHEN Zhongyang, LIU Zhiyang:Do State-owned Large Commercial Banks Contribute More to Systemic Risk? ——Evidence from Stock Returns of Chinese Listed Commercial Banks

Abstract: Risk is the probability of uncertain future events. Stock price reflects the expectation of the future risk. Using the daily stock return time series of Chinese listed...

LI Guangzi, ZENG Gang:Joint-stock System or Share Cooperative System?——A Comparative Study on the Performance of Different Rural Financial Institutions

Abstract: Debate has existed in academia for a long time on the advantage and disadvantage of joint-stock system and share cooperative system, which are two different organizati...

ZHANG Zhongfang:Fiscal Decentralization, Health System Reform and Health Expenditure Efficiency of Local Governments——An Empirical Analysis Based on Panel Data of 31 Provinces in China

Abstract:Based on panel data of 31 provinces in China from 1998 to 2011, this paper analyzes local governmental health expenditure efficiency by using a two-stage framework of ...

ZHANG Shengmin:Economic Growth Effects of China’s Tax Structure Changes——With Additional Study on Regional Economic Unbalanced Development

Abstract: This paper analyzes the growth effects of tax structure and productive expenditure in an endogenous growth model. Using panel data of 29 provincesfrom 1997 to 2006 inC...

FAN Liming, ZHANG Xiaowen:From Tax Burden to Residents’“Sense of Tax”: Theoretical and Empirical Analysis

Abstract: Using the traditional economics and behavioral economic theories to analyze the influencing factors of residents’ “sense of tax”, this paper reveals that, conditioned ...

No.9 ,Year 2013

From Tax Burden to Residents’“Sense of Tax”: Theoretical and Empirical Analysis /FAN Liming, ZHANG Xiaowen Economic Growth Effects of China’s Tax Structure Changes——With Additi...

PENG Bo:The Study of Logistics Enterprises Service Pricing Based on the Strategic Partnership of Supply Chain

Abstract: At present, the speeding up of economic globalization makes the supply chain upstream and downstream of logistics enterprises and customers in an increasingly complex ...

Xuan Ye:Size of Local Market, Transaction Costs and Producer Services Agglomeration

Abstract: Based on urban economic theory, this paper tries to build a theoretical framework of producer services agglomeration and to conduct an empirical test by using panel da...

JIANG Ruochen, MO Caiyou:Ties, Media Comments and Internationalization——Evidence from Chinese SMEs

Abstract: This study empirically test the relationship between ties and internationalization of SMEs from the perspective of Guanxi theory. We first decompose ties as political ...

WANG Qian:Whether Chinese Manufacturing Industry Should Climb to the Both Ends of “Smiling Curve” ——Based on Comparative Analysis on Traditional Manufacturing Powerhouses

Abstract: Chinese manufacturing industry exceeded the United States in size,however,it also gets impacted by gloomy global economiy, lack of core technologies and the “reindus...

ZHANG Jie, WANG Yujian:How will the Domestic Selling Activities of Foreign Firms Affect Local Firms of China?

Abstract: This paper focuses on the impact of domestic selling activities of foreign firms (DSAFF) on the productivity, R&D spending and profits of local firms of China. We ...

ZHANG Hui,etc:Open the “Black Box” of Trade Cost——An Analytical Framework of Trade Cost

Abstract:Trade cost has long been neglected by mainstream economics, it is far from establishing a sysmatic theoretical framework of trade cost even though the modeling capabil...

ZHANG Qiang, HU Rongshang:The Reaction of Financial Asset Prices to Central Bank Communication:Evidence from the Stock Market

Abstract: Using a simple theoretical macroeconomic model, we find that central bank communication can reduce the volatility of stock price, implying significant benefits for fin...

ZHU Mengnan, HOU Zhe:The Measurement of Exchange Rate Risk Loss of China’s Foreign Exchange Reserve—— Based on the Study Under Redefined Definition

Abstract: The paper redefined the exchange rate risk of foreign exchange reserve as: volatility of respective exchange rates of various currencies in the reserve, and the correl...

LIU Xichuan, CHENG Enjiang:Chinese Agricultural Value Chain Finance: Typical Cases and Theoretical Implication

Abstract:While Chinese rural-household differentiation and farming production and management model change rapidly, micro-loan model would not keep pace with the development of ...

ZHANG Deyong:Effects of Fiscal Expenditure Policy to Expand Domestic Demand——Based on the Framework of VAR Model

Abstract: Since the outbreak of the US subprime crisis, the world economy has been facing the problem of how to get out of depression. Under the impact of subprime crisis, econo...

CHU Erming ,XU Xianpu:Consumption Habit Preference, Government Spending Expansion and the Output Effect

Abstract: This paper analyzed the impact of government spending expansion on output and consumption by using the New Keynesian dynamic stochastic general equilibrium model and n...

FU Runmin, etc: Construction of the Mechanism of China’s Public Financial Security Monitoring and Early-warning:A Theoretical Research Framework

Abstract:In a long period, specific society system and economic foundation keep China’s economy system stay safe, but it does not mean that we don’t have the potential systemi...

Research Group:Study on the Marketization of Economic Structure Transformation

Abstract: For the reason that there are no any substantively fundamental changes of the way and method, system and mechanism for structural adjustment, our country has paid a h...

No.8 ,Year 2013

Study on the Marketization of Economic Structure Transformation /Research Group Construction of the Mechanism of China’s Public Financial Security Monitoring and Early-warning...

BAI Yanfeng, LIU Chang: Land Policy of Chinese Central Government and its Impact on Land Transfer of the Local Governments: A Hypothesis of the Land-Based Local Public Finance in China

Abstract:The operation of the local governments in China has become excessively dependent on land-based financial revenue. This dependence has been regarded as a major threat t...

No.7,Year 2013

     An EmpiricalAnalysis on Crowding-in Effect of Proactive Fiscal Policy /WU Junpei,ZHANG Bin Study on Local Government Debt Risk Identification and Early Warning System in C...

WANG Zhenyu, LIANJiaming, etc: on Local Government Debt Risk Identification and Early Warning System in China–Based on Field Survey of Liaoning

Abstract: It is important to structure the system of local government debt risk identification and early warning for the stable operation of the government, especially of the lo...

LI Yongping, HUJinyan: A Comparative Analysis on the Transaction Costs of Financial Institutes in Rural China: the Case of Shandong Province

Abstract: According to the definition of transaction cost, this paper constructs transaction cost indices of rural China’s financial institutes. Based on a unique survey o...

ZHANG Zhengping ,GUOYongchun: An Empirical Study on Impacting Factors of Mission Drift of Microfinance Institutions:Test and Comparison Based on Fixed Effect Model

Abstract: Microcredit (Microfinance) has always been regarded as an effective tool of reducing poverty by the United Nations and World Bank, but in recent years the microfinance...

XIE Jiazhi, WANG Wentao: The Efficiency of Financial Development on Improving Economic Growth: Influencing Factors and Transfer Mechanism

Abstract: By adopting 31 provincial panel data from 2000 through 2011, the efficiency of financial development on improving economic growth (financial efficiency) is measured an...

LI Chunding,SHI Xiaojun, etc: Antidumping Promotes Productivity: Chinese Evidence and Explanation

Abstract: After theoretically analyzing initiative antidumping’s succoring effect on productivity and improving Zigic’s (2000)north-south trade model, this paper use firms’ summ...

LIU Qing, ZHENG Jichao: Trade Costs,Technology Adoption and the Upgrading of Foreign-Invested Exporters: A Heterogeneous Trade Firms Theory Approach

Abstract: Most of processing exporters in China are foreign affiliates. By introducing the upgrading decision into the existing heterogeneous firms’ trade model, we illustrate h...

YANG Yimiao,GUO Yan: Study on Growth Patterns of Retail Enterprises: A Theoretical Framework ——An Analysis Based on Growth Cases of Suning, Dashang, and Bailian

Abstract: Different enterprises follow different growth patterns by which they study on their own advantages and disadvantages, thus making out effective growth strategies and e...

LI Rui : Chinese Cultural Consumption: Regional Disparity, Structural Disparity and Its Promotion

Abstract: Cultural consumption is the key to realize the great development of cultural industry. Taken cultural consumption as the subject, the paper emphasizes on the total vol...

DENG Wei: The State-owned Economy, Political Equilibrium and Wage Gap between the Monopolistic Sector and the Competitive Sector

Abstract:The wage gap between the monopolistic sector and the competitive sector has begun to widen since 1998. The article will explain it from the political economy perspecti...

ZHU Hongfei, ZHENG Hao: Regional Wage Differentials in China’s Urban Labor Market Evidence from Shanghai’s Data

Abstract: This paper makes an analysis for geographic wage differentials of Shanghai’s workers coming from other provinces based on data of Dynamic Monitoring of the Mobile Popu...

LV Bingyang,MaoJie: Incentive Mechanism for Governments in the Market of Real Estate: Problems and Reforms

  Abstract: Theoretical analyses in this paper find that in the process of real estate market development, the relationship between local governments’ Interests and national eco...

WU Junpei,ZHANG Bin:An EmpiricalAnalysis on Crowding-in Effect of Proactive Fiscal Policy

Abstract: The crowding-out effect refers to the reduction of private investment and consumption caused by proactive fiscal policy; similarly, proactive fiscal policy’s boost of ...

LIU Shucheng:On the Breakthrough Point of the New Round of Reform

Abstract:This paper makes an exploration of the issue regarding how to choose the overall breakthrough point of China’s new round of reform. Firstly, this paper looks back on h...

No. 6,Year 2013

On the Breakthrough Point of the New Round of Reform /LIU Shucheng The Analysis on the Disparities of Local Per Capita Fiscal Revenue in China /LIU Yi, HU Zuquan Fiscal Transpa...

LIU Yi, HU Zuquan:The Analysis on the Disparities of Local Per Capita Fiscal Revenue in China

Abstract: This paper investigates China’s inter-provincial differences on per capita fiscal revenue and the equalization effect of central-local transfer. The results show that ...

HU Jiye:Pension Finance: Theoretic Definition and Some Practical Issues in China

Abstract:This paper focuses on how China learns the experience from developed countries of pension financial development. After reviewing pension development in OECD countries...

The Impact of Turning Business Tax into VAT in All Industries LI Qing, FANG Jianchao:on Fiscal Revenue of Provincial Governments in China–Estimation Based on Input-Output Tables

Abstract:To achieve the goal of structural tax cuts in China, the Chinese government implemented a reform pilot program in 12 provinces and cities in 2012, turning business ta...

SUN Lin, FANG Aili:Fiscal Transparency, Government Accounting System and Improvement of Government Performance–Based on Data from 48 Countries

Abstract: The wave of “New Public Management” movement and some countries’ debt crisis make more and more countries pay attention to fiscal transparency and improvement of gover...

XU Qiang:Some Thoughts on the Improvement of China’s CPI Compilation and Data Release

Abstract:The history of CPI compilation in China is still relatively short, and there are some imperfections in China’s CPI. The CPI data released by the statistical department...

LIU Jinshan, LI Ning:Regional Trade and Its Price Transmission Effects in China

Abstract: This paper explores domestic trade between different regions in China. It presents that scale of inter-provincial trade is gradually expanding, but its distribution is...

LIU Haiyang, KONG Xiangzhen & GU Yu:How Chinese Enterprises Mitigate Financing Constraint to Export

Abstract: Financing constraint is an important factor for restricting export, especially in China with imperfect financial market. This phenomenon can’t explain the booming deve...

LIU Hang ,YANG Danhui:Market Factor, Organizational Factor and China’s Export Advantage of Manufacturing Industry—-An Empirical Analysis Based Upon Cross Region and Industry Data

Abstract: This paper mainly analyzes how the relative adequacy and intensity of different institutional factors affect regional comparative advantage and export structure. An em...

LI Yaohua,WEI Guowang:A Seesaw From “A Life-saving Straw” to “Financial Contagion” —The Analysis of Case Study and Evolutionary Game on Small Business’ Group Lending

Abstract:After 2012, the contagion of loan defaults in the middle and small business’ group lending has been called a financial contagion in the Yangtze River delta. The financ...

Spring, JIANG Keshen&ZHENG Yi:Airport Pricing Strategy and Its Influencing Factors Under the Framework of Platform Economics –Based on Empirical Analysis of Airports Market Structure in China

Abstract: Platform thinking is the key of airport management in the growing of airport service as airports become an independent accounting and self-sustaining economic entities...

SHEN Hongbo,WANG Xuguo&LU Yiliu:The Pricing Model and Risk Analysis of Reverse Housing Mortgage

Abstract: With China’s accelerating population aging, the society’s endowment demand is dramatically expanding. Under such situation, it’s exigent to search for new modes as sup...

LI Chao ,WAN Haiyuan:Low-income Settlement Reconstruction and Subjective Well-being——Based on Six Cities’ Sample Survey in Liaoning

Abstract: Low-income settlement is a common problem existing in many countries. By using 2012 survey data of UN-HABITAT and CASS, this paper focuses on the change of original re...

LEI Qinli:Price Change, Family Expenditure Structure and Consumer Behavior of Urban Residents in China

Abstract: This paper builds a theoretical model of inter-temporal optimization of consumer by introducing price change and non-consumption expenditure to the rational expectatio...

GUO Guoqing, YAO Yanan:Process and Measurement of Value Co-creation under the Service-dominant Logic—A Preliminary Analysis based on the Perspective of Productivity

Abstract: According to service logic, customers and providers are co-creators of value. However, the ‘value’ in value co-creation, which needs new measurement, is di...

ZHU Tuxing:An Evaluation of Driving Forces for the Rise of the Proportion of the Tertiary Industry in China: 1980-2010

Abstract: There is a bizarre phenomenon that the proportion of added value in the tertiary industry appeared to substantially rise under the condition of much higher growth rate...

YU Zuo, YI Fuhuan:Analysis on Formation Mechanism of Lack of China’s Pricing Power on Rare Earth Export

Abstract: The misplacement of government performance examination target, deficiency of rare earth compensation mechanism, ecological environment compensation mechanism and safet...

LU Xiaodong:How does China Compete with its East Asian Neighbors in Export

Abstract:As an emerging economy, East Asia is achieving remarkable growth by promoting export-oriented industries. This paper examines the substantial heterogeneity in variety ...

LIU Zhiqiang:Domestic Supply, Foreign Demand and Dynamic Change of China’s Export—Empirical Research based on SVAR Model

Abstract: In this paper, we study how important the domestic supply and foreign demand on China’s export are and the dynamic effects of various shocks on export by constru...

YI Shaohua:A Study on Strategic Thinking of Circulation System Reform and Countermeasures

Abstract: This paper proposes the goal of circulation system: (1) “seamless”management system; (2) good macroeconomic policy environment; (3) sound legal system; (4) unified and...

ZHANG Xiaodi, ZENG Kexin:Study of Endogenous Expansion of Market Size —based on the Growing Entrepreneur Ability

  Abstract: In the buyer’s market, whether or not the market size can be expanded constantly has become the focus. The research on Yiwu industry cluster shows, “learning...

WEN Laicheng, SU Chao:Research on Prospect anCountermeasures ofthe Integration of Local Governments’ d Investment and Funding Platform

Abstract:At present, China is taking a new urbanization strategy and amending the Budget Law. In this context, it is worth thinking of the prospect of local governments’ invest...

LIANG Qi, DANG Yufeng:Cyclicality of China’s Bank Capital Buffer and Its Economic Effect–Based on the Perspective of Bank Credit Supply Mechanism

Abstract: The global financial crisis has triggered scholars’ debates on the cyclicality of bank capital buffer and its economic effect. Bank capital buffer will generate spill...

YANG Longzhi:Did the Circulation Industry Play a Leading Rolein the National Economy——Based on the Method of VAR Granger Causality and Impulse Response Analysis

Abstract: Based on China′s Economic growth rate data between 1953-2010, adopting the method of Granger Causality and Impulse Response Analysis, we make an empirical study on the...

HAN Shijun, GU Zebei:The Influence of Listed Company Governance Structure on Cash Retained Ratio—Taking Beijing Listed Companies as Examples

Abstract:This paper applies descriptive statistics, independent-samples T-Test, and regression methods to analyze the influence of main corporate governance structural factors ...

HU Yijian, LIU Jindong:The Stock of Assets, Virtual Economy and the Puzzle of Tax’s Outpacing-GDP Growth in China

Abstract: This paper probes into the impact of the stock of assets on tax’s outpacing-GDP growth in China. It is found that GDP is an incremental concept, only measuring the goo...

LI Wen:Progressivity of Tax System and Redistribution in Developing Countries

Abstract: In developing countries, irregularity of economy, low per capita income and inferior government ability make the nominal progressivity differ a lot from the real progr...

FENG Baojun :The Influence of Pyramid Structure on Company’s Investment Efficiency Under the Soft Budget Constraint

Abstract: This paper studies the relationship among soft budget constraint, pyramid structure and company’s investment efficiency based on the data of A-share state-owned listed...

No. 5,Year 2013

The Stock of Assets, Virtual Economy and the Puzzle of Tax’s Outpacing-GDP Growth in China /HU Yijian, LIU Jindong Progressivity of Tax System and Redistribution in Developing ...

China's Commercial Sector(2012)

“Blue Book of China’s Commercial Sector(2012)”

Li & Fung Research Centre, National Academy of Economic Strategy of the Chinese Academy of Social Sciences Download Foreword of “Blue Book of China’s Commercial Sector”

中国贸易发展报告

“Blue Book of Trade: Chnia Trade Development Report (2012)”

Editor-in-chief: Jing Linbo associate managing editor: Tang Jing, Li Rui, Feng Yongsheng, Zhang Ning Publisher: Social Sciences Academic Press Abstract In the process of econom...

中国商业发展报告流通蓝皮书

“Blue Book of Commercial Sector Annual Report on China’s Commercial Sector (2011-2012)”

Abstract Annual Report on China’s Commercial Sector will continue issued synchronization with Chinese and English version in global. It is the cooperation achievement by ...

No.4 ,Year 2013

From Demand Side to Supply Side: the New Trend of China Absorbing Foreign Investment /PEI Changhong Research on Efficiency of Environment Policy in the Context of Economic Grow...

WANG Junhao:Competition Mechanism and the Principle of Yardstick Price in Urban Wastewater Treatment Industry

Abstract: In the process of privatization reform in urban wastewater treatment industry, lots of non-state-owned enterprises enter this industry. It makes the government face a ...

WANG Xiuming:Research on Investment Efficiency of China’s Service Industry——Based on the Historical Evidence of the Modified Historical Data

Abstract: In order to analyze whether the investment on service industry is efficient under the background of sustainable growth of the service industry output share of GDP and ...

CHU Min, JIN Tao:Why does China’s Industrial Structure Upgrade so Slowly——Based on the Test of Double Effect of Local Government Behavior and State-owned Monopoly

Abstract: China has experienced rapid economic growth for over 30 years, but problems like low input-output ratio and industrial structure imbalance remain outstanding. We found...

CHEN Fuzhong, LIU Xiangdong:The Entry of Foreign Capital and its Impact on Chinese Circulation Companies in the Context of Open Economy

Abstract: Since December 2004, as corresponding restrictions on the entry of foreign capital into Chinese circulation industry have been diminished, the impacts of foreign capit...

ZHANG Jing:The Impact of Sustainable Low Interest Rate Policy in the United States on China’s Monetary Policy

Abstract: Since December 2008, the United States has continued to adopt a monetary policy pattern of near-zero interest rates accompanied with Quantitative Easing (QE). This pap...

YUAN Xiaoneng:Inter-provincial Trade, International Trade and Economic Growth

Abstract: This article gives a description of inter-provincial trade and international trade development in the Yangtze River Delta manufacturing, then examines the effect of in...

ZHANG Yan ,YU Lixin&ZHENG Xue:The Determinants of China’s Industrial International Outsourcing: an Empirical Study

Abstract: This paper analyzes the behavior and determinants of China’s industrial international outsourcing. Based on non-competitive input-output table and data, this paper fir...

DU Jie, HUO Yan:Institutional Analysis of Private Capital Entering the Financial Services Field in Rural Areas

Abstract:It is innovation of rural financial system model to allow private capital to enter the field of financial services in rural areas, and it also opens the road to attrac...

ZHOU Liping:Procyclicality of Shadow Banking: Facts, Principle and Coping Strategy

Abstract: The problem of commercial banks’ procyclicality has been studied by many scholars, while it hasn’t been widely researched for the procyclicality of shadow banking in f...

ZHENG Rong ,GAO Song &HU Teh-Wei:Tobacco Tax and Tobacco Control——Global Experience and its Application in China

Abstract: Global experience has demonstrated that tobacco tax and price policy is the most effective single measure to reduce tobacco consumption, while the effectiveness of cig...

SHEN Tielei:Estate Duty, Family Firm and Employment Decisions—— Empirical Study Based on the Hong Kong SAR Government’s Estate Duty Reform

Abstract: This paper exploits a natural experiment and uses econometric methods to discuss the effect of estate duty on employment decision of family firms. The experiment is ma...

CUI Jun, YANG Qi:On the Construction of Performance Evaluation Index System for Public Emergency Expenditure

Abstract: According to the “3E” principle on performance evaluation of public expenditure, this paper uses the Analytic Hierarchy Process and follows the principles of the desi...

SUN Kai:On the Safeguard Mechanism and Systematic Management of Public Finance for Emergency Response

Abstract: The safeguard mechanism and systematic management are important parts of public financial management system. Reserving enough amount of fiscal resources in daily publi...

YUE Zhengkun,SHI Zhangming:Expectation Heterogeneity, Taylor Rule and Monetary Policy Efficiency

Abstract: The heterogeneity of inflation expectation results from various abilities of acquiring and processing economic information for different economic subjects. There exist...

ZHUANG Yumin,ZHANG Peng:The Fluctuating Styles of Chinese Excess Liquidity in an Open Economy

Abstract:For Chinese economy, the excess liquidity should be defined as the deviation of actual money stock from its equilibrium path. This paper uses MS-VECM fitting the long-...

ZHENG Yi, XU Kangning:Analysis of the Driving Factors for Changing Carbon Emission in China

Abstract: Based on the different decomposition hierarchies (3 industries, 8 sectors and 43 sub-industries),we use Logarithmic Mean Divisia Index (LMDI) techniques to decompose e...

No.3 ,Year 2013

On Speeding Up the Establishment of the Persistent Effect Mechanism of Expanding Consumer Demand /YANG Shengming On the Safeguard Mechanism and Systematic Management of Public ...

YU Shuyi:The Construction of Social Welfare System from the Population Dimensions

Abstract:The social welfare is not only one of the basic public services provided by the government, but also one of the basic ways in which the whole people share the fruits o...

WANG Yao, LI Zheyuan:Green-Efficiency of Stock Market in China: Empirical Study Based on Stock Markets Reaction to 2003-2012 Environmental Events

Abstract: This paper takes 149 sample environmental events between 2003 and March 2012, using event study method to analyze whether environmental events are associated with an a...

LIN Jiangpeng, SHI Tao, etc:Credit Cognition,Credit Institutions and Borrowing Behavior:An Empirical Analysis on 450 Sample Data of SME from Wenzhou and Other Places

Abstract: The outbreak of informal financial crisis in Zhejiang province makes the financing problem of SMEs become the focus again. By using random sampling method, and based o...

WANG Shuguang, LI Bingbing:Negative Investment of Rural Finance and Rural Economic Growth:Empirical Study and Improvement Framework of Kuznets Curve Effect

Abstract: This paper investigates negative investment of rural finance and Kuznets Curve Effect. Part one constructs a theoretical model to explain the relationship between nega...

ZHANG Shaojun, LIU Zhibiao:International Trade and Industrial Upgrading of Domestic Enterprises—the Power of Organization and Governance from Global Value Chain

Abstract: The global value chain (GVC), a new power to organize and govern today’s international trade, has turned the structure of the international trade into a drastic change...

LUO Libin, SUN Junxin:Chinese Trade Competitiveness in Cultural Goods and Services: A Comparative Analysis on the Status Quo and Future Trends

Abstract: The paper firstly compares the international competitiveness of Chinese trade in cultural goods and services, using variables like international market share, TC index...

ZHOU Shimin, SUN Jin & CHEN Yongbing:Measuring the Exports’ Survival Rate of Chinese Enterprises: 2000-2005

Abstract: The exports’ survival rate of enterprises has reflected dynamic trade behavior from a new point of view, and long exports’ survival period can promote the sustainable ...

ZHANG Haibo, PENG Xinmin:The Employment Effects of ODI in China: An Empirical Research Based on Dynamic Panel Data Model

Abstract: In recent years, as China enterprises’ pace of “going out” is accelerating, the economic effects of ODI on our country have become the focus of theoretical studi...

ZHAO Lei, QUAN Hua:Externalities, Market Potential and Tourism Development: An Empirical Evidence from China

Abstract: As spatial organization form of tourism structure’s dynamic adjustment, tourism agglomeration has a complex impact mechanism on tourism development, and this field gra...

LI Xiangju, ZHOU Lizhu:Research on Taxation Policy of Expanding Residents’ Consumption—Based on the Empirical Analysis on Influence of Taxation on Consumption

Abstract: Residents’ consumption plays an important role in expanding domestic demand under the pressure inside and outside that global economic crisis has not yet been ef...

ZHANG Tianshu, HUANG Jun & WU Chenggen:The Determinant and Wealth Effect of Executives’ Voluntary Resignation

Abstract: With the set-up of GEM market in China, there emerges an interesting phenomenon that many executives of listed companies voluntarily resign in less than one year after...

TONG Guanghui:The Concept of Public Goods and Its Policy Implication

Abstract: Although mainstreams regard non-competitive and non-exclusive as two standards when defining the concept of public goods, the subject and policy implication of them ex...

LIN Jiang , ZHANG Zuomin:Effect of Public Goods Provision on Regional Income Gap under the Background of Tax-sharing System

Abstract:The widening income gap among provinces of china is a serious problem for both the society and the economy. Using the data of 30 provinces in mainland from 1994 to 200...

MA Yu , DU Meng:Influence Factors of International Capital flow in Emerging Markets—Based on Dollars Factors and Empirical Analysis of GMM Method

Abstract:  Using data of 29 emerging markets, this paper empirically analyzes the factors influencing FDI and short-term capital flow. Results show that:(1) the more the money s...

GAO Peiyong:Macro Policy Choice in Complex Economic Situation

Abstract: As international financial crisis tends to last long and China economy advances in fluctuation, there exist remarkable changes in China macro economic policy placement...

XU Xianchun:Distinctions among Property Income and Other Types of Income

Abstract: Focusing on the phenomenon that property income is often confused with income from other types of income in theoretical research and practice of income distribution, t...

XU Qian , TANG Zaifu:Drawing and Improvement of Preferential Land Policies of the Mainland China for Attracting Outside Investment—Based on Agreement on Subsidies and Countervailing Measures

Abstract: In recent years, foreign countries have expedited to lodge countervailing measures against the mainland of China for land policies, thus it becomes more necessary and ...

No. 2,Year 2013

Macro Policy Choice in Complex Economic Situation /GAO Peiyong Distinctions among Property Income and Other Types of Income /XU Xianchun Research on Taxation Policy of Expandin...

Li Yang, Zhang Ping, etc:China’s Macroeconomic Situation and Policy Options: Current Concerns and Prospects for the Next Five Years

Abstract: China’s economy is currently on a modest recovery path, but its foundation still remains fragile. According to our projections, the rate of GDP growth in 2013 might be...

No.1 ,Year 2013

China’s Macroeconomic Situation and Policy Options: Current Concerns and Prospects for the Next Five Years /Li Yang, Zhang Ping, Zhang Xiaojing & Wang Hongju China’s Capita...

WU Xiaoqiu:China’s Capital Market: Analysis of the System and Rules

Abstract: With over 20 years development of China’s capital market, its external environment and internal structure has undergone great changes. Although China’s economy has ach...

SHI Qing:Foreign Direct Investment, Environmental Regulation and Environmental Pollution—From the Perspective of Government Honest Degree

Abstract: Based on manufacture data of 30 provinces of China from 1999 to 2007, from the angle of government honest degree, considering the impact of FDI on environmental laws, ...

LIU Huifang:A Game Analysis of the Domestic Stakeholders on the Management of China’s Rare Earth Resources

Abstract: In the production and trade of the rare earth, the interest goals of Chinese corporations are not completely consistent with the state’s interests. Therefore, there is...

YANG Yiwen , ZHENG Jianghuai:Entrepreneurship, Market Demand and Innovation of Producer Services Enterprises

Abstract: The innovation level of producer service industry affects the economic competition status of the country in the world. How to promote the development of the producer s...

HUO Jingdong , XIA Jiechang:Influencing Factors of Offshore Outsourcing of Service: Theoretical models, Empirical Research and Policy Recommendations—Based on Analysis of the Panel Data of 20 countries

Abstract: Outsourcing of service has the characteristics of high value-added, low consumption of resources, little pollution of environmental and it can also promote the industr...

WANG Congcong , LU Yuyan:Influencing Factors and Consequences of Network Extension Behavior of Investment Banks

Abstract: The paper analyzes the network factors which cause the investment banks to select partners by crossing clique border and the mechanism through which this type of partn...

XIA Chunyu , Ding Tao:Retrospect and Review of Sun Yefang’s Distribution Theory

Abstract: The paper focuses on retrospect and review of the formation process and fundamental research framework of Sun Yefang’s distribution theory, as well as some very ...

XU Helian , ZHAO Dezhao:Foreign Direct Investment, Labor Heterogeneity and Transfer of Redundant Rural Labor Force: Analysis Based on Neo-classical General Equilibrium Model

Abstract: Under the special background of dual labor market segmentation and the transition economies, this paper establishes a theoretical analysis framework based on the deve...

SU Zhi, LI Jin:RMB Regionalization: Current Situation and Development Strategy

Abstract: After the financial crisis, it has become the consensus of international community to reform the existing international monetary system and gradually push forward the ...

GAO Jingfeng:Evolvement and Mechanism of Export Value Chain in China

Abstract: Value chain length of production and export reflects technology status of different industries. This paper proposes three methods to measure the length of export valu...

QUE Chengyu , MA Bin:Has RMB Been the Anchor Currency——Empirical Evidence Based on State Space Model

Abstract:This paper uses state space model and selects monthly data which range from August 2005 to June 2012 to examine the role of the RMB in exchange rate arrangements of 11...

TIAN Kan,QI Shouwei:Impact on Public Services Supply of Intergovernmental Transfer and Fiscal Decentralization——Based on the Perspective of Public Services Distribution and Regional Differences

Abstract: This paper analyzes the degree of equalization of public services from 1978 to 2009, and investigates how central transfer payment and fiscal decentralization in easte...

YUE Shumin,GAO Chun:How to Tax the E-commence——An Institutional Approach to Efficient Tax Collection

Abstract: Currently, e-commerce tax imposition has become the trend of the times. While in the virtual network environment of transaction, how to find effective mechanism of col...

PEI Changhong:From Demand Side to Supply Side: the New Trend of China Absorbing Foreign Investment

Abstract: From economic analysis, the idea of China absorbing foreign investment is based on the consideration of demand side, which is mainly for enhancing the ability of capit...

PENG Yu:Research on Efficiency of Environment Policy in the Context of Economic Growth——Based on Empirical Analysis of Province Panel Data

Abstract: Accompanied by the growth of economy and industrialization, negative impact of environmental pollution has got widespread concern in recent years. For dissolving contr...

LI Meng,YU Jinping:China’s Antidumping Jumping Outward Direct Investment

Abstract:This paper constructs Stackelberg Oligopoly Model to testify that the rising of trade costs led by antidumping will trigger China’s antidumping jumping outward direct ...

SONG Jianbo, WEI Xinru:Study on the Market Effect of Fair Value Measurement——Based on Empirical Evidence of A-share Listed Companies from 2007 to 2011

Abstract:This paper chose A-share listed companies in the period of 2007-2011 as samples right after the implementation of new accounting standards, from the perspective of the...

LIU Hongyan ,CUI Geng:How Chinese Enterprises’ Outward Internationalization Performances Are Influenced by Their Inward Internationalization Modes?

Abstract: China has been a main source country of FDI, and the performance of Chinese multinationals’ outward investments has become a hot research topic. This study aims to dis...

ZENG Fanhua,WU Lijun&CHEN Xi:Research on China’s Economic Growth Drag in the Restriction of Carbon Emissions and Energy Consumption——Empirical Analysis based on Carbon Reduction Target of 2020

Abstract:The world’s leading industrial nations had signed a framework agreement to control carbon emissions in Copenhagen conference and Chinese government made a commit...

HU Jingjing, HUANG Hao:Dual Economic Structure, Government Policies and the Urban-Rural Income Gap in China——Empirical Analysis based on Provincial Panel Data

Abstract: This paper aims to investigate the changes in urban-rural income gap and the determinants during the period of 1997-2010 in China and its three regions. After estimati...

YANG Jidong:The Evolution Trend and Causes of Consumption Inequality in China

Abstract: Consumption inequality is an important indicator to measure people’s living standard. It is interesting to explore the unequal status and causes for understandin...

YANG Shengming:On Speeding Up the Establishment of the Persistent Effect Mechanism of Expanding Consumer Demand

Abstract: Based on the spirit of 18th CPC National Congress, this paper analyzes why we should speed up the establishment of the persistent effect mechanism of expanding consume...

Guo Qingwang: Chinese Household Consumption: How Much is Enough?

Abstract: This paper draws upon a great amount of sample data to make a comparison between China’s current situation and that of other nations, and in particular focuses whether...

Bai Chong-En: China’s Structural Adjustment from the Income Distribution Perspective

Abstract: This paper analyzes whether China’s investment and savings rates are too high by considering the rate of turn to investment and other factors. It also investigates the...

Cai Fang: How to Tackle the Slowdown of Potential Growth Rate in China?

Abstract: The shrinkage of working age population at ages between 15 and 59 after 2010 will end the era of the high-speed economic growth in China. By revealing annual growth ra...

Liu Shijin: The Coming Fallout Following China’s “Condensed Development Model” of Economic Growth and the Transformation of China’s Mode of Economic Growth

Abstract: Starting from the comparisons of international industrialization history, we suggested that the successful successor economic entities have experienced significant eco...

Zhang Zhuoyuan: Conservation and Efficient Utilization of Resources: A Major Indicator of China’s Economic Transformation

Abstract: After more than 30 years of rapid growth, China’s economy is increasingly faced with the bottleneck brought about by resources and environment. To achieve a sust...

Wang Songqi:One Size does Not Fit All: the Need for Flexibility in Policy Responses to Slow Growth

Abstract: The root cause behind the Chinese economy’s slowing down in 2012 lies in a “one size fits all” approach to macroeconomic management. This approach must be abandoned if...

Cai Fang: Approaching a Neoclassical Scenario: the Labor Market in China after the Lewis Turning Point

Abstract: As China passes through its Lewis Turning Point characterized first by the appearance of a labor shortage and a constant increase in wages, its labor market shows both...

Liu Wei: The Cause, Features and Effects of Current Policy Mix of Opposing Fiscal and Monetary Policies

Abstract: Currently, China’s expansionary fiscal policy and tight monetary policy have formed an opposing policy mix. This is due to the imbalanced macro-economy, which suffers ...

Yang Zhiyong: Prospects for Tax Reform in China Following the 18th CPC National Congress

Abstract: After the 18th National Congress, Chinese government should speed up tax reform and tax reduction. Tax structure should switch to direct tax. Consumption tax reform of...

Shi Dan: Understanding China’s Energy Strategy and its Sustained Economic Growth: Present and Future

Abstract: Heavy investment on energy resources is one of the reasons for the rapid economic growth we have witnessed in China since 2000. Excessive energy consumption growth str...

Jia Kang: Reforms to China’s Financial Administration Following the Sixteenth CPC National Congress

Abstract: In November 2002, the 16th National Congress of the Communist Party of China proposed the blueprint of building a comprehensive well-off society in an all-round way in...

Xia Jiechang and Zhang Xiaobing: A Study on the Basic Path for Producer Services to Promote Industrial Upgrading and the Related Finance and Taxation Measures

Abstract: Accelerating the development of producer services is both conducive to enhancing the level and quality of industrialization, promoting industrial upgrading, as well as...

Cheng Dazhong: The Development of the Service Industry in the Modern Economy: Mechanisms and Implications for China

Abstract: The present paper attempts to examine three types of mechanisms, including specialized division of labor, innovation and demand-induced mechanisms that are crucial in ...

Ni Pengfei: The Goal, Path, and Policy Responses of China’s New Urbanization

Abstract: Urbanization has great significance for China’s economic and social development, but the traditional model of urbanization is unsustainable. This paper details the bas...

Hao Shouyi: China’s Path to the Construction of Low-Carbon Cities in the Context of New-Style Urbanization

Abstract: The core requirements of new urbanization are ecological cities and improvements to quality of life, and the construction of low-carbon cities is a necessary choice to...

Qiu Baoxing: Thoughts on Urbanization Models from a Global Perspective

Abstract: From a global perspective, given global resource and environmental constraints, China should adhere to the Scientific Outlook on Development when choosing its model fo...

Li Xiaoxi: Scientific Development and a New Green Deal

Abstract: After 30 years of reform and opening, China has become the world’s second largest economy. However, the fast growth has come at the high cost of environmental degradat...

Jin Bei and Li Gang: Green Economic Growth from a Developmental Perspective

Abstract: This paper discusses the relationship between industrial development and environmental protection. The paper argues that human beings cannot solve the problems linked ...

Li Shantong, Wu Sanmang and He Jianwu: Prospects for China’s Economic Development in the Next Decade

Abstract: This article discusses prospects for China’s economic development over the next decade based on the computable general equilibrium (CGE) model of the Chinese eco...

Editor’s Inaugural Statement of China Finance and Economic Review

Thank you for reading the first issue of China Finance and Economic Review, an academic journal published by the National Academy of Economic Strategy (NAES),Chinese Academy of ...

No.1 ,Year 2013

China’s Macroeconomic Situation and Policy Options: Current Concerns and Prospects for the Next Five Years /Li Yang, Zhang Ping, Zhang Xiaojing & Wang Hongju China’s Capita...

No.12 ,Year 2012

A Written Discussion on Guidelines of the 18th CPC National Congress /ZHANG Zhuoyuan,GAO Peiyong,Pan Jiahua &JING Linbo A Study on Choices of Strategic Thinkingof Finance and ...

No.11 ,Year 2012

The Analysis on Comparison Between Growth of Service Trade and Service Sector since 2000 /PEI Changhong, YANG Zhiyuan Study of end effect of demographic dividend on China Econo...

No.10,Year 2012

Characteristics of Structural Relationship of Fiscal Revenue and Expenditure Policies of China /LIU Wei Adjustments of Global Strategy of the United States and Inspirations to ...

房地产

Song Rui:World Model Cities for Leisure Development

World Model Cities for Leisure Development SONG Rui I. Introduction         Leisure in modern society comes into being along with urbanized life: on the one hand, urbanization m...

No.9,Year 2012

The Security of Chinese Distribution Industry: Context, Conceptualization and Countermeasure /JI Baocheng, LI Chenhua Rational Thinking of the Debt of Local Government Financin...

No.8 ,Year 2012

Economic Situation Outlook in the Second Half of 2012 /XU Xianchun Tobin Tax: Focus of the Controversy and Some Comments /FAN Liming, ZHANG Xiaowen Distributional Effects of Ta...

No.7 ,Year 2012

Considerations to the Issue of China’s Tax Burden /ZHU Qing Composite IIT Reform: Option of Semi-dual Pattern /LI Linmu Factors of Revenue Growth in Underdeveloped Areas——Based...

No.6,Year 2012

Integrated Application of Fiscal and Monetary Policies: Inspiration from Collaborative Theory of Fiscal and Monetary Policies by Deng Ziji /ZHAN Xiangyang New Framework of Publ...

IMGP2317

Gao Peiyong, Zhang Bin, Wang Ning: The Establishment of China’s Public Finance Indicator System

China Public Finance Indicator System is set to evaluate the public process of China state finance. The establishment of public finance, although being built into a complicated ...

No.5 ,Year 2012

Spatial Heterogeneity of Urban Happiness and Its Influencing Factors in China /NI Pengfei, LI Qingbin & LI Chao Sustainable Growth of Tax Revenue of China /WANG Daoshu Loca...

No.4 ,Year 2012

Modern Service Industry and Tax Policy in Developing Countries: A Theoretical Model and an Empirical Study /DENG Liping, WANG Zhixuan Issues of Property Rights System with Unfa...

No.3 ,Year 2012

Economic Growth, Financial Structure Reform and Future Development of Securities Companies /Wu Xiaoqiu Economic Structure Change and Estimation of Capital Stock of China /WANG ...

No.2 ,Year 2012

Current Economic Situation and Fiscal Policies in 2012 /GAO Peiyong Research on How to Improve the Structure of China’s Property Tax /LIU Zhicai Choice on China Tobacco Tax Pol...

No.1 ,Year 2012

Proper Slowdown of Economic Growth Rate Benefits Economic Transition /LU Zhongyuan Fiscal Risk in Constructing Market Economy System of China /WU Junpei, ZHANG Bin Formation an...

No.10 ,Year 2011

Changes of China Tax Development /HU Yijian Fiscal Policy to Promote Low Carbon Economic Development in China /SU Ming Gap Measure on Local Revenue after Levying Property Tax /...

No.9,Year 2011

The Deepening of Sub-National Fiscal System Reform and the Related Policy Issues /SUN Kai Research on Heterogeneity of Fiscal Expenditure Competition among Local Governments of...

No.8,Year 2011

Comparative Study of China’s Opening-up——Taking Guangdong as An Example /JING Linbo An Empirical Research of Effect of Participatory Budgeting on Public Expenditure Structure /...

No.7,Year 2011

Inflation, Labor Market and Trend of Wage Rate /TIAN Xueyuan Change of Wage Formation Mechanism and /YANG Ruilong Study on the Choice of Model of Tax Assignment in China /Wang ...

No.6 ,Year 2011

Reform of Governance System of International Economic Oder /YANG Shengming Difficulties in Realizing Economic Structure Transition /LV Wei, WANG Juan “Off-off-budgetary” Revenu...

No.5,Year 2011

Theoretic and Empirical Analysis of Fiscal and Tax Policies Inducing Enterprises’ Technological Innovation /DENG Ziji, YANG Zhihong Preliminary Study on Taxation Issues i...

No.4,Year 2011

The ChiNext Market: Current Situation and Future /WU Xiaoqiu Tax Adjustment and Policy Choice During Economic Transformation /CAO Mingxing, JIA Shaohua Marginal Propensity to C...

No.3 ,Year 2011

Some Suggests of Promoting the Establishment of Modern Circulation System of China /HUANG Guoxiong An Empirical Analysis of Redistribution and Progressivity of Personal Income ...

No.2,Year 2011

Further Reform and Legislation of Chinese Land System /ZHOU Tianyong. ZHANG Mi Income Inequity, Human Capital Accumulation and Economic Growth—Evidence from China /CHEN Gong, C...

No.1 ,Year 2011

China’s Economy: 2010 Review and 2011 Outlook /QI Jianguo, ZHANG Tao Analysis on China’s Fiscal Expenditure on Social Security since 1978 /WANG Yanzhong, LONG Yuqi ...