The long-term equilibrium relationship and short-term dynamics between investments and savings are both investigated in this paper. The result of co-integration test reveals that although there exists a positive long-...The long-term equilibrium relationship and short-term dynamics between investments and savings are both investigated in this paper. The result of co-integration test reveals that although there exists a positive long-term relationship between private saving, public saving and investment, the low correlation between private saving and investment is the key reason that restraints the effective formation of investment. A further impulse response function analysis based on the VAR system is used to study the dynamic relation between saving and investment, which demonstrates that an obvious lagged effect exists for the transformation of private to investment. Finally, it’s concluded that a competitive and multi-channels mechanism of capital formation is crucial to transform savings to investments.展开更多
A dyanmic model of measuring technology spillover effects from FDI has been established in this paper by introducing the adaptive expectation process into the original Feder model,and China’s economic data are used t...A dyanmic model of measuring technology spillover effects from FDI has been established in this paper by introducing the adaptive expectation process into the original Feder model,and China’s economic data are used to calculate the time series of technology spillovers for China’s FDI.A further study demonstrates that the interaction of human capital and FDI well explains the changes of spillover effects,while the degree of openness and the improvement of infrastructure also have a positive impact on technology spillover. However,it’s hard to make certain the relationship between the technology gap,competitive intensity of domestic market and technology spillovers.展开更多
本文通过在Copeland and Taylor一般均衡理论框架引入国际资本流动,理论考察了外资进入对东道国环境质量与污染排放的影响。研究表明外资进入的环境影响取决于东道国的环境管理政策类型、外资企业的部门流向与产业分布,以及东道国本土...本文通过在Copeland and Taylor一般均衡理论框架引入国际资本流动,理论考察了外资进入对东道国环境质量与污染排放的影响。研究表明外资进入的环境影响取决于东道国的环境管理政策类型、外资企业的部门流向与产业分布,以及东道国本土企业的治污技术学习能力。具体而言,外资进入东道国污染密集型部门时必然会带来污染排放的增加;当外资进入清洁型部门时,在环境政策外生时东道国污染变化是不确定的,在环境政策内生时污染排放则保持不变。本文研究也表明外资企业的治污技术外溢效应的重要性,发现外资进入带来了更为先进的治污技术、内资企业的治污技术学习效应都有利于抑制东道国污染排放。展开更多
文摘The long-term equilibrium relationship and short-term dynamics between investments and savings are both investigated in this paper. The result of co-integration test reveals that although there exists a positive long-term relationship between private saving, public saving and investment, the low correlation between private saving and investment is the key reason that restraints the effective formation of investment. A further impulse response function analysis based on the VAR system is used to study the dynamic relation between saving and investment, which demonstrates that an obvious lagged effect exists for the transformation of private to investment. Finally, it’s concluded that a competitive and multi-channels mechanism of capital formation is crucial to transform savings to investments.
文摘A dyanmic model of measuring technology spillover effects from FDI has been established in this paper by introducing the adaptive expectation process into the original Feder model,and China’s economic data are used to calculate the time series of technology spillovers for China’s FDI.A further study demonstrates that the interaction of human capital and FDI well explains the changes of spillover effects,while the degree of openness and the improvement of infrastructure also have a positive impact on technology spillover. However,it’s hard to make certain the relationship between the technology gap,competitive intensity of domestic market and technology spillovers.
文摘本文通过在Copeland and Taylor一般均衡理论框架引入国际资本流动,理论考察了外资进入对东道国环境质量与污染排放的影响。研究表明外资进入的环境影响取决于东道国的环境管理政策类型、外资企业的部门流向与产业分布,以及东道国本土企业的治污技术学习能力。具体而言,外资进入东道国污染密集型部门时必然会带来污染排放的增加;当外资进入清洁型部门时,在环境政策外生时东道国污染变化是不确定的,在环境政策内生时污染排放则保持不变。本文研究也表明外资企业的治污技术外溢效应的重要性,发现外资进入带来了更为先进的治污技术、内资企业的治污技术学习效应都有利于抑制东道国污染排放。
