Abstrat:The common sense has been reached about the conversion of Chinas economic growth mode. However, the most study was limited to the macroeconomic analysis, which didnt discuss the theory and mechanism of microeconomic behavior. By studying the theory of “learning by doing”, this paper presents a supply curve to explain catch-up type of economic growth. With respect of profit arbitrage, this paper also discusses the low cost competition in a mass caused by “learning by doing”. Through the theory and specific facts, we try to understand the technical progress mechanism and the combination of technology factors. At last this paper points out that the conversion of economic growth mode can be boosted through supply policy and deepening the market reform.

Abstrat:The paper explores two relative issues, the determinants of industrial transfer from the North to the South in FDI and how FDI affects economic growth in the South, in a two-country endogenous growth model. The competition from the host country forces Multinationals to transfer more advanced technology or newer industries to the host country and whether FDI contributes to economic growth depends on the speed of human capital accumulation in the host country. The paper suggests that popularizing and improving education to increase human capital accumulation should be a feasible development strategy available to the South governments.

Abstrat:This paper builds a mold of two-stage and three-player dynamic game to analyze the influence of host countrys policy of the intellectual property right protection on FDI. The result shows that providing efficient and proper IPRP policy is the best choice for the host country for that can not only stimulate the FDI inflow, but also bring much advanced technology, which will reduce the cost and increase the output, hence maximize the welfare of the host country. Under efficient protection it is wise for the host government to allow the MNE choose the shareholding according to the profit maximization principle. If and only if the host government could not offer efficient protection, it is the second-best choice for the government to limit the MNEs shareholding.

Abstrat:After the existing literature is reviewed,a theoretical framework is developed for the fiscal dynamic stability.Then monthly VAR models are estimated empirically,which shows that theres little effects of public debt on interest and inflation,implying that China fical policy from 1979 on is sustainable the whole.Finally the policy implication is concluded.

Abstrat:A Computable General Equilibrium CGE is constructed to evaluate quantitatively the impact of the revaluation of Chinese Renminbi RMB on Chinas economy.The result indicated that the effect of appreciating RMB on the real growth rate of the GDP is not linear,but increase like quasi-exponent form.The simulation result of the impact on the Chinese export and import is consistent with the simple intuitionistic judgement; it has an adverse effect on the employment and the decrease increment in employment is up with the appreciating currency extent; its impact on the consumption of urban and rural households is quite different,and it will increase the consumption gap of the two kinds of households; its effects on industrial sectors are quite different as well.The general conclusion in this study is that large appreciation of RMB currency is quite disadvantage on Chinas macro-economy,the small revaluation is acceptable in the meaning of its effect on socio-economy,as a result,it will be wise to widen the change interval of RMB exchange rate in order to alleviate the pressure of RMB appreciation.

Abstrat:In this paper we employ urban household data collected by Institute of Population and Labor Economics to present the evidence of shocks to parent employment on the college enrollment decision of kids.We provide background on Chinas economic restructuring and shocks to parent employment,discuss the higher education system in China,and review recent reforms affecting both the capacity and financing of post-secondary institutions.By carefully controlling for the unobserved heterogeneity,we use a linear probability model to find out that a fathers loss of employment during the year prior to college attendance does indeed have a negative impact on probability of college enrollment and the magnitude of effect is about 30%.

Abstrat:Farmer labor emigration is an important question we have to deal with in our industrialization. It is also a basic way to solve three questions concern agriculture, rural area and farmer in China. Based on the push-pull theories, this paper tries to build Malthus and Solow model by using recursive approach in Dynastic Macroeconomics. This model shows that push comes from the town, especially the industry technological development in the urban area is the key reason caused farmer labors emigrate from rural area to urban area. This conclusion has also been improved by the logit econometric model based on the Macroeconomic variables and descriptive analysis based on Microeconomic variables. The study also shows that strengthen universal education will definitely have a deep influence on this emigration. Besides, sex, family income and region gap will affect farmer labors emigration.

Abstrat:Based on a new economic geography NEG framework, this paper explores the causes of industry agglomeration in China using the provincial panel data during 1987—2001. The main findings are: 1 Economic opening that is related to geography and history leads to industry agglomeration. 2 Market scale, urbanization, infrastructure construction and the weakening of governmental role promote industry agglomeration. 3 Coastal areas have geographical advantages of industrial development. Our study contributes evidence from China to the New Economic Geography theory and finds that, besides economic geography, economic policy also relates to industry agglomeration.

Abstrat:This paper, applying Malmquist index, analyzes the Total Factor Productivity evolution in 30 provinces in China from 1996 to 2003 by breaking down productivity gains into technical change and efficiency change. To avoid biases, Malmquist index of productivity, including human capital, is estimated. Such results are drawn: The accumulation of human capital in China is quite rapid; the efficiency deviation appears to have an obvious increasing trend; productivity growth was found for the data period, and it was accomplished mainly through the technical progress rather than efficiency improvement. The comparison between including human capital and excluding human capital indicates that the efficiency index has been underestimated and the technology progress index has been overrated.

Abstrat:Using village and household survey data collected from 48 villages of eight Chinese provinces for the period 1986—2002, this paper studies how the introduction of village election affects income distribution at the village level. The Gini coefficient is used to measure income distribution. We estimate both a static and a dynamic model and find that in the long run, the introduction of election reduces the Gini coefficient by 6.4%—8%. We also study the effects of election over time and find that they are the most significant for the 3rd-6th year after the first election. These results provide the first set of evidence for the role of grassroots democracy in reducing income inequality and possess strong policy implications for China to strengthen village election.

Abstrat:This study analyzed the relationship between public finance and rural finance in rural areas of Guizhou Province and six sample counties. Data show that insufficient public finance investment distorted financial system, and also caused rural fund outflow, shortage of credit supply and low efficiency of rural financial institutions. To rectify distorted rural financial system, public finance should play proper role in the rural area, and systematic efforts are also needed.

Abstrat:Limited participation can arise endogenously in the presence of model uncertainty, and overconfident investors enter the market differently from the rational investors. Our model generates novel predications on how overconfidence relates to limited participation, excess entry and asset pricing. This model has strong empirical implication about the relations among the liquidity premium, the shareholder structure and the risk premium. The paper shows that investors who are overconfident about asset mean payoffs have larger non-participation regions than investors with rational. But investors who are overconfident about asset mean payoffs are more aggressive in their participation regions than investors with rational. Further, this model derives the corresponding relations between the shareholder structures and the equilibrium asset prices in different cases.