Working Papers
WP1157Title:Principle of Income Distribution in Marx’s Economic TheoryAuthor:Wang  Yao   View Count:8
       Abstract:Ricardo’s functional income distribution theory has been reformed classical dynamics by western mainstream economics, which can reveal and analyze the capitalist economy process comprehensively. Ricardo’s classical dynamics is a useful analysis tool may integrate income distribution into economic growth, which has certain reference significance. Based on the two core proposition that capital hires
WP1156Title:The Historical Materialism, Dynamic Optimization and Economic GrowthAuthor:Qiao  Xiaonan  and  He  Zili   View Count:12
       Abstract:The Marxism optimal economic growth theory is one of the most significant progresses in Marxism economics mathematical analysis in the 21st century. This theory is based on the historical materialism, and using the method of dynamic optimization to analyze the profound influence, which produced by the technological changes of the industrial revolution, to productivity and production relations. A s
WP1155Title:High Speed Railway, Regional Development and Venture Capital InvestmentAuthor:Long  Yu,  Zhao  Hailong,  Zhang  Xinde  and  Li  Yao   View Count:13
       Abstract:In what aspects does the opening of high speed railway affect China’s economic development? Which kind of cities benefit most? Since venture capital investment provides a valuable angle to observe economic change and transformation, and the HSR effect changes the information constraints faced by venture capitalists, we take advantage of this quasi-natural experiment setting to depict the allocatio
WP1154Title:China's Economic Growth from the Perspective of Global Spatial ConnectionAuthor:Liuruixiang,  Yanyingen  and  Fanjin   View Count:30
       Abstract:This paper decomposed the China’s economic growth source with the World Input-output Table during 1995-2011 under a new growth accounting framework and provides a new idea for China's sustainable economic growth in the middle-income stage. The conclusions in this paper include: (1) While the induction degree of China's economy has been increased during the analysis period, its influence power has
WP1153Title:Transmission Mechanism and Macro Effect of Lending Facility——Analysis Based on a New Keynesian DSGE modelAuthor:Wang  Xiang  and  Chen  Shiyi   View Count:17
       Abstract:In the stage of the "new normal" of China's economy, the effectiveness of traditional monetary policy has declined and central bank creates the standing and medium-term lending facility to ease liquidity pressure on the market. So this paper introduces lending facility into a DSGE model with financial frictions to study the transmission mechanism and macroeconomic effects of lending facility and i
WP1152Title:Factor Flow and TFP Growth: Evidence from China’s SOEs ReformAuthor:Huang  Xianhai,  Jin  Zecheng  and  Yu  Linhui   View Count:15
       Abstract:In this paper, by constructing a two-sector production function estimation framework and obtaining the consistent estimates of firm-level total factor productivity of Chinese manufacturing firms, we empirically explore the productivity effects of "Grasp the big, Let go the small" policy during the SOEs reform beginning at the end of the 1990s. We find that "Grasp the big" has increased the product
WP1151Title:Why Segmentation Continues?——Effect and Mechanism of Active Segmentation on Economic GrowthAuthor:Fu  Qiang   View Count:43
       Abstract:This paper analyzes the effect of segmentation from both theoretical and empirical perspectives. It is found that under competition among heterogeneous producers with linear demand and cost function, market segmentation will accelerate regional economic growth through high industrial similarity. But under production competition, market segmentation will do harm to the whole economy. While under pr
WP1150Title:Chinese “Pressure-Type” Fiscal Incentives and Local Governments’ “Helping Hand”Author:Zhenfa  Xie  and  Jin  Yan   View Count:42
       Abstract:Local governments face complex and diverse pressures from various resources under Chinese pressure system during the period of economic and social transition. Extracting actively fiscal revenues is the main way for local governments to cope with pressures, which forms Chinese “pressure-type” fiscal incentives. With these incentives, local governments have two strategies: one is “grabbing hand” to
WP1149Title:The Effects of Personality Traits on the labor market——Empirical analysis based on China Employer-Employee Survey(CEES)Author:Cheng  Hong,  Shi  Yuxuan  and  Li  Tang   View Count:27
       Abstract:As an important factor of non-cognitive skills in human capital, personality traits has become a new hot-spot of labor economics research. This paper systematically reviews personality economics .On this basis, we use 2015”China Employer-Employee Survey”(CEES) and test the effect of conscientiousness, agreeableness, neurotic-ism, openness, extra-version on labor market with a big-sample and robust