Economic Survey

经济经纬

　

Home Current Issue Instruction Subscription Advertisement Contact Us Message Chinese

经济经纬

　

Office

　

Author Center

　

　

Links

　

　　　　　　　　 More

Quick Search

Advanced Search

Economic Survey

	2016 Vol.33 Issue.5 Published 2016-09-10

Orignal Article

	1	Marxist Political Economics:A Way to Change the World ——An Analysis of the “Uselessness” of the Theory
		YANG Cheng-xun
		Marxist political economics is a scientific theoretical method that reveals the law of social and economic development and innovates in practice, and it is a weapon that changes the world, and the most effective way to human liberation and people’s common prosperity. History has proved that it is the most valuable theory, and its four leaps give great advancement in history, ends the capitalism old world, and makes weak China become the world's second largest economy, which result to the great changes of global economic pattern; Marxist political economics, especially the political economy of socialism with Chinese characteristics, gives all kinds of department of applied economics with revolutionary spirit, rich nutrition, scientific method, and injects fresh blood, and President Xi Jinpin has constructed the deployment of the liberal arts guiding ideology and the overall layout to keep pace with the time, the optimization and upgrading, to make it the most effect economics that benefits the people; The critique spirit of Marxist political economics can wipe out all kinds of ideology “fog”, especially to expose the hypocrisy and harmfulness of new liberalism, and strongly criticize and crush the plot of western hostile forces and their attempt to poison the youth and misleading China, it is the strongest spiritual weapon that will maintain permanent prosperity of socialism with Chinese characteristics.
		2016 Vol. 33 (5): 1-7 [Abstract] ( 1838 ) [HTML 1KB] [ PDF 0KB] ( 904 )

	8	An Evaluation of Interactive Coupling-Coordination Degree of Port Group Based on Synergetic Theory
		LIU Chao,CHEN Qi-hong
		This study is a quantitative analysis about ports competition intensity, cooperation depth and coordination degree. Based on synergetic theory, the authors performed an interactive coupling-coordination model to evaluate coordination degree of port group. Firstly, the authors stated the harmonious development mechanism of port group. Secondly, the authors put forward the evaluation model with reference to the coupling degrees function in physics and contribution index. Finally, taking Shandong Peninsula port group as an example and using panel data of 2003 to 2012, the authors carried an empirical study to test the validity of the evaluation model. Verification result shows that the coordination degree of Shandong Peninsula port group has taken on periodic features and a continuation in the upward trend. This study provides guidance and support on evaluating coordination degree of port group.
		2016 Vol. 33 (5): 8-12 [Abstract] ( 1653 ) [HTML 1KB] [ PDF 0KB] ( 1037 )

	13	A Study of Provincial TFP Including Education and Health Human Capital ——Based on SFA and DEA
		LI Xiang-qian , HUANG Li
		With the Stochastic Frontier Analysis (SFA) and Data Envelopment Analysis (DEA) approach, a comparative study is conducted on health panel data during 2002 and 2011 which from 31 provinces of China, and empirically evaluated the provincial Total Factor Productivity (TFP) of education and health human capital to economic growth, and analyzed the contribution of education and health human capital to economic growth. The results shows that the two methods both reflect that the provincial TFP of China is mostly in a constant growth process, but there are great differences between provinces. Health human capital gives the largest contribution to the regional economy while education human capital has not been fully exploited.
		2016 Vol. 33 (5): 13-18 [Abstract] ( 2154 ) [HTML 1KB] [ PDF 0KB] ( 1037 )

	19	The Impacts of External Knowledge and Different Types of Knowledge Diversity to the Regional Innovative Ability ——GMM Estimation based on Dynamic Panel-data Model during 2000-2011
		SU Nan ,XIAO Xiao-yong,SONG Lai-sheng
		In this paper, the authors analyzed the mechanism of how external knowledge and the diversity of regional knowledge impact the regional innovation and discussed the influence of different types of knowledge diversity by the way of GMM with dynamic panel data during 2000-2011. The empirical results show that the technology innovation is mainly pushed by the domestic R&D investments. The influence of external knowledge is mainly through international trade ,and there is a significant positive effect. The diversity of knowledge stimulates the innovation as a whole, and the correlated diversity of the knowledge has an obvious positive influence than the uncorrelated diversity.
		2016 Vol. 33 (5): 19-23 [Abstract] ( 1893 ) [HTML 1KB] [ PDF 0KB] ( 816 )

	24	An Examination of the Impact of Demographic Factors on Regional Environment Based on Spatial Econometric
		FU Yun-peng, MA Shu-cai, SONG Qi
		This paper estimates the CO₂ emissions in our country 30 provinces in 2000-2010.And it takes CO₂ emissions, industrial emissions, industrial wastewater emissions and industrial waste generation as the evaluation of environmental quality, using spatial autocorrelation test Moran’s I index to examine various indicators of environmental quality spatial autocorrelation. On this basis, it uses spatial econometric model to study the environmental impact of population size, population structure, technological progress, industrial structure and other factors. The results showed that the effect of population size on the environmental quality indicators is positive, the effect of population structure, the proportion of urban population and household size are negative,optimize and improve the level of industrial structure and technological progress have helped to reduce emissions of various pollutants.
		2016 Vol. 33 (5): 24-29 [Abstract] ( 1776 ) [HTML 1KB] [ PDF 0KB] ( 825 )

	30	An Empirical Research of Effects of Rural Financial Market Openness on Agricultural Economic Growth and its Decomposition ——Based on Spatial Durbin Panel Model
		WU Xiao-ming , LUO Jian-chao
		On the basis of theoretical analysis of mechanism of rural financial openness on agricultural economic growth, this paper constructs a spatial Durbin panel model on effects of rural financial openness to agricultural economic growth, then divides into direct effect and indirect effect. The empirical analysis draws the following conclusions:rural financial openness has positive significant effect while the indirect effect is less than direct one. Agricultural capital and agricultural trade have positive significant effects , while effects of agricultural labor and technological innovation are negative. Finally, this paper advises to accelerate rural financial market opening, to improve the rural labor quality, mechanism of technology innovation and agricultural product circulation, and to promote efficient flow of financial resources in different areas.
		2016 Vol. 33 (5): 30-35 [Abstract] ( 1840 ) [HTML 1KB] [ PDF 0KB] ( 805 )

	36	The Threshold Effect of Rural Social Security Impacts on the Consumption Structure ——Based on the PSTR Model
		XIAO Pan, LI Lian-you, SU Jing
		Based on the panel data of 30 provinces from 1998 to 2012. This article use PSTR model analyzes the influence of rural social security to the rural residents' consumption structure in China. The results show that the effects of social security expenditure on rural consumption structure is nonlinear, which presents the threshold characteristics. Before and after the threshold value, the effects of social security expenditure on food consumption、 transportation and communication consumption is promoting,and the higher rural financial development level is, the stronger the effect will be; the effect on clothing consumption is from inhibiting to promote. the effect on living consumption、education and entertainment consumption、 household equipment and services consumption are promoting only in the higher level of social security development .But the effect on medical care and other goods and services consumption are not obvious.
		2016 Vol. 33 (5): 36-41 [Abstract] ( 1827 ) [HTML 1KB] [ PDF 0KB] ( 1204 )

	42	An Analysis of the Dynamic Development and Influencing Factors of Rural Poverty in China ——Based on the Dataset of CHNS
		YANG Hui-min, LUO Qing, Xu Jia-wei
		According to the household micro panel data of China Health and Nutrition Survey (CHNS), and by using the Probit regression model, this paper analysis the household poverty status and its dynamic characteristics from three aspects of the head of the household, the family and the community. Through the analysis we can found that under the different poverty line, the poverty rate showed a downward trend in this three year. As the number of poor households experiencing poverty continues to decline, only part of the families are still in poverty in the next year. The state of out of poverty and in poverty are existing at the same time. The regression analysis shows that the education level of the householder, arable land area of the family, the village which has a lower proportion of the labor force in agricultural production, and the distance to the latest primary school and railway station etc. have a significant impact on the marginal effect of poverty in the next year. Due to the different standards of poverty, the extent of influence also varies.
		2016 Vol. 33 (5): 42-47 [Abstract] ( 2042 ) [HTML 1KB] [ PDF 0KB] ( 852 )

	48	The Calculation and Decomposition of Embodied Energy in Sino-Japanese Trade ——An Analysis Based on Non-competitive Input-output Tables
		HUANG Wei-ru, ZHANG Xian, ZHA Dong-lan
		Based on non-competitive input-output tables of China and Japan, this paper evaluates the energy embodied in Sino-Japanese trade during 1995-2012. Furthermore, by employing the weighted average method of structural decomposition analysis (SDA) model, this paper analyzes the driving forces of embodied energy in Sino-Japanese trade. The measurement result indicates that the embodied energy in China’s export to Japan and embodied energy in China’s import from Japan have been rising since 1995 on the whole, but China is still a net exporter of embodied energy. With SDA analysis, this paper also finds that both the expansion of export scale and the intermediate input structure have promoted the increase of energy embodied in export, in which the expansion of export scale is the major factor. In addition, the decline of direct energy intensity and the structure optimization of export have inhibited the increase of embodied energy. However, it cannot be offset the increase of embodied energy driven by scale effect.
		2016 Vol. 33 (5): 48-53 [Abstract] ( 1812 ) [HTML 1KB] [ PDF 0KB] ( 1085 )

	54	A Study of the Effects of America’s Antidumping to China on Estimated Hazard of China Exporting to America ——An Empirical Test Based on the Survival Analysis
		LIN Chang-qing
		This paper uses exporting data at the HS10-digit product level from 1990-2006 and data of USA antidumping to China to study the effect of U.S.AD cases on estimated hazard of China exporting to U.S. with plotting method, we reach the conclusion, first of all, U.S. AD cases to China significantly increased the estimated hazard of China exporting to U.S. during the preliminary phase, the increasing effect is also in the final phase, but not obvious. Secondly, cases with below median duties having a more persistent effect through the case, while cases with above median duties have much larger effect during the preliminary phase, but have opposite effect in the final phase. Finally, the effect on the estimated hazard is very large during the preliminary in the steel, chemical, mechanical and electrical industry.
		2016 Vol. 33 (5): 54-59 [Abstract] ( 1683 ) [HTML 1KB] [ PDF 0KB] ( 762 )

	60	Does the Number of Exporting Firms Expands China’s Strategic Path of Outward Foreign Direct Investment?
		WANG Fang-fang, SHAO Dan
		By applying the Foreign Economic Model based on the hypothesis of enterprise heterogeneity, it is found that the level of China’s Outward Foreign Direct Investment (OFDI) in the host country will depend on OFDI and trade cost difference between home country and host country, the host country’s cost of production, the host country’s market size and the host country’s number of exporting firms. This paper conducts a panel analysis based on the data of China’s OFDI in 103 countries or regions during 2006-2012, emphasis on the relationship between foreign direct investment and the number of exporting firms. The multiple linear regression model shows that the number of exporting firms, trade costs, China’s imports for the host country, the distance between China and the host country, the protection of trade and commerce in the host country, the degree of market opening in host country are the main contributors that affect China’s OFDI. Particularly reflecting the fact that increase in the number of exporting firms promotes OFDI by the number of extensive margin utility.
		2016 Vol. 33 (5): 60-65 [Abstract] ( 1735 ) [HTML 1KB] [ PDF 0KB] ( 824 )

	66	A Study of the Estimation of Total Factor Productivity in China and its Convergence from the Perspective of Li Keqiang Index —Based on Provincial Panel Data in China
		LIN Chun
		The famous British political economics magazine “The Economist” has proposed: I Keqiang Index can objectively reflect the reality of China’s economy more than the official GDP. So based on that, we use the Li Keqiang index instead of GDP as output variables in this paper, and analysis from two perspectives of tradition and quality. In this paper, the DEA-Malmquist model is used to estimate the total factor productivity of the 29 regions of China in the 2000-2012 years, and through horizontal and vertical comparison, we analyze the regional differences in total factor productivity and its convergence characteristics. It shows that the total factor productivity in the perspective of quality is significantly lower, and this further validates the TFP of the Li Keqiang index than GDP description is more accurate, reasonable; technological progress has become the main reason affecting quality perspective under the Li Keqiang index of total factor productivity; through the test of convergence, we find that total factor productivity among different regions exist β convergence without convergence.
		2016 Vol. 33 (5): 66-71 [Abstract] ( 1768 ) [HTML 1KB] [ PDF 0KB] ( 1224 )

	72	Separate Oligopoly-Power and Scale Economy Effects of Changes in Industrial Concentration
		LI Ting
		Changes in industrial concentration reflect efficiency and market power. The paper uses NEIO method to construct theoretical framework by introducing conjectural variation derived enterprises optimization equation. After transition enterprises optimization equation to industry lever we separate oligopoly-power and scale economy effects of changes in industrial concentration. Using ML method to estimate structure model, the paper computers conjectural variation oligopoly-power and cost elasticity of sample industries. Empirical results indicates that concentration lows 60% industries price because of scale economy effects, but oligopoly-power effects either dominates cost efficiency or reinforce inefficiency resulting higher prices in most industries.
		2016 Vol. 33 (5): 72-77 [Abstract] ( 1759 ) [HTML 1KB] [ PDF 0KB] ( 943 )

	78	A Research on the Relationship between Spatial Agglomeration and Growth of Sports Industry ——Based on SLM and SEM Model
		WANG Yan, WANG Yue, WU Yu-ming ,YIN Guang-wei
		Based on the data(from 2003 to 2014) of sports goods manufacturing industry form 22 provinces in China, this paper uses spatial econometric models to investigate spatial correlation of this industry and estimate the effect of specialization agglomeration and the main inputs on its growth. The results show that: compared with the estimation results of OLS model and SLM model, the SEM is the best appropriate model for analysis. The specialization agglomeration has a significant negative effect on the growth of this industry. Labor input is positively related to the growth, while capital has no significant effect. The shocks which related to the growth of this industry in one province will shift to the adjacent provinces and has a significant negative effect on this industry.
		2016 Vol. 33 (5): 78-83 [Abstract] ( 1779 ) [HTML 1KB] [ PDF 0KB] ( 1090 )

	84	Environment Financial Expenditure, Health and Economic Growth
		LI Kai-jie
		Environmental expenditure can promote economic growth through health channel, which improve environmental quality, save consumers’ medical cost. We construct a two-period overlapping generation model, studying the theoretical mechanism of environmental expenditure on economic growth through health channel. When it comes to steady state, environmental expenditure can promote economic growth, but also can burden enterprise’s cost, reduce consumption, affecting economic growth negatively. Conducting an empirical analysis based on China’s provincial panel data from 2003 to 2013, the result shows that the increase of government environmental expenditure can significantly promote economic growth.
		2016 Vol. 33 (5): 84-89 [Abstract] ( 2002 ) [HTML 1KB] [ PDF 0KB] ( 881 )

	90	An Evaluation on Tourist Satisfaction Degree of Tourist Public Service in Zhengzhou
		LV Lian-qin
		Using factor analysis and IPA analysis, the author makes a survey on the satisfaction of tourism public service system in Zhengzhou. Six variables, such as tourism public information, tourism traffic convenient, public management of tourism market, tourism safety guarantee, tourism convenience and benefit service and tourism security elements, are extracted from the 26 factors using factor analysis method. Then through the questionnaire survey to the tourists, the tourism public service satisfaction of tourists to Zhengzhou is counted, and the author analyzes the importance and satisfaction of tourists to the public service of the public service in Zhengzhou with IPA. The results shows that: the tourism network information and tourist information consulting and other 7 indicators belong to the advantages, and these focus on the network information and preferential measures; traffic road facilities and traffic information services and other 10 indicators belong to the improvement, mainly in the area of traffic and accommodation; tourism information dissemination and regional overall image promotion and other 4 aspects of the maintenance area. Through the analysis of the problem, the optimal allocation of public service resource in Zhengzhou is analyzed, and the countermeasures and suggestions for the construction of the public Service system in Zhengzhou city are put forward.
		2016 Vol. 33 (5): 90-95 [Abstract] ( 1769 ) [HTML 1KB] [ PDF 0KB] ( 1099 )

	96	A Study on the Decision-Making Model in Public-Private Partnership ——Illustrated by the Case of Yangjiaxi Sewage Treatemnt Plant in Zhangjiajie
		GAO Jing-yan
		This paper aims at problems in Public-Private Partnership (PPP) such as the large scale, long payback periods and high risks and the limited participation of private capital, and centers on the decision-making model of PPP based on compound real options from the perspective of private capital, thus exploits the example of Yangjiaxi Sewage Treatment Plant Project in Zhangjiajie City. Results show that new model minimizes uncertainty and improves private capital participation, while increasing management flexibility and rendering the decision-making process more scientific.
		2016 Vol. 33 (5): 96-101 [Abstract] ( 2068 ) [HTML 1KB] [ PDF 0KB] ( 868 )

	102	Upstream Threat, Management Background Characteristics and R&D Investment ——Evidence from GEM Listed Companies
		YANG Feng, LI Qing-yun, WU Xiao-hui
		Based on the data, from 2009 to 2014, on the GEM listed companies, we have, in this article, explored the relationship between the upper threat, management background characteristics and the R&D investment. The result of our study shows that the background of the top management and the board of directors have a significant impact on the companies’ R&D investment, which means that the management background is an important factor affecting the companies’ innovation. Furthermore, distinguishing of the intensity of supplier concentration, we find that the upper threat has a clear effect on the relationship between the management background characteristics and the R&D investment, which shows the role of inhibition.
		2016 Vol. 33 (5): 102-107 [Abstract] ( 1647 ) [HTML 1KB] [ PDF 0KB] ( 876 )

	108	An Empirical Study of Sources of Product Innovation in Household Appliances Manufacturing Industry ——Using Corporate Culture as the Moderator
		WANG Bing-cheng,WANG Sen, ZHOU Xiao-qian
		This paper examines the relationship among the sources of product innovation, corporate culture and product innovation performance with the method of hierarchical regression analysis, based on the date from appliance manufactures. The result shows: (1) The user innovation, supplier innovation and competitor innovation have significant positive effect on the product innovation performance. (2) Supplier innovation has the greatest effect on the product innovation performance, the second is competitor innovation, and the minimum is user innovation from the perspective of the degree of impact. (3) Innovative culture has positive significant effect on the product innovation performance. (4) Innovative culture plays the role of moderator between the supplier innovation and product innovation performance significantly, and it also plays the role of moderator between the competitor innovation and product innovation performance significantly.
		2016 Vol. 33 (5): 108-113 [Abstract] ( 1944 ) [HTML 1KB] [ PDF 0KB] ( 927 )

	114	Negative News, Legal Environment and Audit Opinions ——An Empirical Study Based on A-share Listed Companies in China
		SHEN Ju-qin, ZHANG Kai-ze,ZHU Tian-yang
		Based on the hypothesis of non-standard audit opinions issued by certified public accountants influenced by negative news, the author verifies the relationship between negative news and audit opinions and explores the impact of negative reports on audit opinion under different legal environment, using the financial indicators of 2386 A-share listed company in Shanghai and Shenzhen in 2012-2014,making the logistic regression analysis with the introduction of legal environments as variables .It turns out that negative news and non-standard audit opinions of listed companies issued by certified public accountants are positively correlated ,which will be deepened under the legal environment.
		2016 Vol. 33 (5): 114-119 [Abstract] ( 1770 ) [HTML 1KB] [ PDF 0KB] ( 886 )

	120	A Study of Consumption Differences of Urban and Rural Residents under the Consumption Inertia
		BI Yu-Jiang,PEI Zhen
		This paper investigates the effects of income growth, government expenditure and inflation on the growth of consumption. We introduce the consumption inertia effects. The empirical method is GMM. The results indicate that there are distinct characteristics in China’s urban and rural residents’ consumption. However, the consumption inertia’s alteration trend between urban and rural residents’ is quite different. Urban residents’ consumption inertia become more and more stronger with the change of other influence factors, while there is a U shape change for rural residents’ consumption inertia characteristic.
		2016 Vol. 33 (5): 120-125 [Abstract] ( 1923 ) [HTML 1KB] [ PDF 0KB] ( 902 )

	126	A Research on Sectorial Inflation Persistence in China ——Based on Panel SURKSS Test with a Fourier Function
		LIU Zhi-jie, TAN Xiao-yu
		Although panel SURADF test takes into account the cross-sectional heterogeneity and dependence, it is not applicable when variables have nonlinear trends. This paper employs panel SURKSS test with a Fourier function to investigate Chinese aggregate and sectorial inflation persistence. The empirical results suggest that all the sectorial inflation rates are mean reverting processes, which will deviate from their long-term equilibrium levels temporarily. There exist some differences in the dynamics of sectorial inflation rates. Compared with the conventional unit root tests, SURKSS is superior in identifying the structural characteristics of sectorial inflation.
		2016 Vol. 33 (5): 126-131 [Abstract] ( 1641 ) [HTML 1KB] [ PDF 0KB] ( 900 )

	132	Local Government Behavior, Fiscal Decentralization and Economic Structure
		ZHANG Fen
		This dissertation compares the influence on economic structure caused by the local government with the target of maximize the local economic output under the fiscal centralization institution, complete fiscal centralization institution and partial fiscal decentralization institution. It is found that under the information symmetry conditions, the fiscal centralization and complete fiscal decentralization are equivalent. However, under the partial fiscal decentralization institutions, the local government are effort to develop the revenue-generating industry, which results to loss of efficiency, bringing the regional economic structure change. These results provide a theoretical support to understand the rapid development construction industry and urbanization, and also provide evidence to the recent fiscal decentralization reform.
		2016 Vol. 33 (5): 132-136 [Abstract] ( 1811 ) [HTML 1KB] [ PDF 0KB] ( 864 )

	137	China’s Property Insurance Cyclicality Effect and its Relevant Strategies
		YIN Jia-xuan , YUE Cai-shen
		The authors use data in 2007~2012 from 37 home insurance companies and adopts the method of measurement of generalized moment estimation, construct all kinds of risk indicators under the second generation compensation system, and use the panel data investigates the pro-cyclical effect of the insurance industry and countercyclical regulatory effects on hold capital insurance enterprise. Results show that the regulatory system in their generation, the insurance industry’s multiplier expand effect and reinsurance effect lead to the pro-cyclical effect, and under the system of compensation of the second generation of the regulatory system the influences are not identical, while underwriting risk increase will improve insurance companies hold capital amount, the investment risk and default risk increase will reduce the amount of insurance enterprises hold capital. In response to the risk of pro-cyclical effect, the insurance company’s core tier one capital anchoring mechanism should be established.
		2016 Vol. 33 (5): 137-142 [Abstract] ( 1756 ) [HTML 1KB] [ PDF 0KB] ( 811 )

	143	A Study of the Relationship between Saving and Economic Growth in China ——A Granger Causality Test Base on Provincial Panel Data
		XI Jing, CHEN Kai, LEI Qin-li
		By constructing a panel Granger causality test model with control variables and using the 2000 -2010 provincial panel data, this paper explores the determination between the saving and growth rate in China. The results find that the real GDP growth rate is the reason of changing in the saving rate. Conversely, the relationship is not established.
		2016 Vol. 33 (5): 143-148 [Abstract] ( 2003 ) [HTML 1KB] [ PDF 0KB] ( 887 )

	149	A Study of the Impact of Shadow Banking System on Financial Stability in China
		DENG Chao, TANG Ying, YANG Weng-jing
		Based on the current situation of domestic shadow banking system and the latest data, this paper analyzes the impact of shadow banking system on stability of domestic financial institutions, financial markets and financial regulatory system. It is suggested that a correct handling of the relationship between financial innovation and regulation is required in order to create a sound environment of financial liberalization for the financial market stability, and prosper national economy on the whole.
		2016 Vol. 33 (5): 149-154 [Abstract] ( 1825 ) [HTML 1KB] [ PDF 0KB] ( 1218 )

	155	The Spillover Eeffect of Interest Rate, Exchange Rate and Stock Markets
		WANG Wei,GUO Zhe-yu ,LI Cheng
		Based on VAR(4)-GARCH(1,1)-BEKK model, the authors analyze the Linkages between monetary market ,stock market, exchange market. The results show that there are significant correlations between monetary market and financial markets, and significantly mutual mean and volatility spillover effect within financial markets. So, in order to full play synergistic effect for the reform of financial, government should formulate reasonable and effective supervisory framework , central bank is supposed to coordinate the relation of exchange policy and monetary policy, promote the maroeconomic stability.
		2016 Vol. 33 (5): 155-160 [Abstract] ( 1947 ) [HTML 1KB] [ PDF 0KB] ( 811 )

经济经纬

　

News

　

　

·

·	《经济经纬》编辑部声明

·

·

·

·

·

·

·

·

·

　　　　　　　　 More

　

Article Search

　

Copyright © 《Chemical Research and Application》Editorial
Support by Beijing Magtech Co.ltd support@magtech.com.cn