Since reform and opening-up in 1978, changes in China's industrial structure have generally followed the pattern of "Kuznets facts" but still exhibits some unique characteristics, which led us to raise t...Since reform and opening-up in 1978, changes in China's industrial structure have generally followed the pattern of "Kuznets facts" but still exhibits some unique characteristics, which led us to raise the following three questions regarding China's structural transformation:(1) Why did the share of China's agricultural and manufacturing employment reduce/increase intermittently rather than continuously?(2) Why did the share of China's agricultural employment increase during certain periods? When the share of manufacturing employment reduced, why did the workforce reversely flow into agriculture rather than move to the service sector?(3) Why did growth in the share of China's service sector employment decelerate before reaching its peak? Why did the share of employment in the industrial sector suddenly increase after an abrupt decline? This paper creates a multisector economic growth model that contains non-homothetic preferences and differentiated productivity, and incorporates the "two drivers" therein for a demand-side estimation and analysis. The result shows that China's economic growth model driven by net export and investment is a critical factor for explaining the three questions regarding its structural transformation. This paper believes that only by implementing supply-side structural reforms, reducing the dependence on net export and investment, and achieving sustainable endogenous economic growth will China be able to expedite its industrial restructuring.展开更多
Oil is extremely crucial to the development of the modern economy. It is important to forecast the oil supply capacity due to its scarcity and non-renewability. This paper attempts to forecast and analyze thirty-five ...Oil is extremely crucial to the development of the modern economy. It is important to forecast the oil supply capacity due to its scarcity and non-renewability. This paper attempts to forecast and analyze thirty-five current and potential net oil-exporting countries. Integrating both qualitative and quantitative methods, the oil production and consumption are predicted based on historical data, so that the world net oil-exporting capacity can be obtained. The results show that the ＂roof effect＂ of the world net oil-exporting capacity may appear before 2030. Unconventional oil will play an important role in the future world oil market. The competition and cooperation relationships between OPEC and non-OPEC will last for a long time.展开更多
Using " chain-based and constant-based" two-step method,this paper measured Paasche net barter terms of trade index for SinoAustralian agricultural products from 2001 to 2013,and further calculated contribut...Using " chain-based and constant-based" two-step method,this paper measured Paasche net barter terms of trade index for SinoAustralian agricultural products from 2001 to 2013,and further calculated contribution of each category of agricultural products to changes in overall net barter terms of trade. The results showed that since 2001,the overall net barter terms of trade for Sino-Australian agricultural products fluctuated between deterioration and improvement. In 2013,the net barter terms of trade index was 1. 02,and its improvement is not significant. From 2001 to 2013,the net barter terms of trade for Sino-Australian agricultural products improved about 16. 44%,which dominated by the category 0 agricultural products whose influence degree is 6 times and 28 times the degree of category 4 and category 1. In years when the net barter terms of trade for Sino-Australian agricultural products deteriorated,category 2 agricultural products were the root cause for the deterioration.展开更多
文摘Since reform and opening-up in 1978, changes in China's industrial structure have generally followed the pattern of "Kuznets facts" but still exhibits some unique characteristics, which led us to raise the following three questions regarding China's structural transformation:(1) Why did the share of China's agricultural and manufacturing employment reduce/increase intermittently rather than continuously?(2) Why did the share of China's agricultural employment increase during certain periods? When the share of manufacturing employment reduced, why did the workforce reversely flow into agriculture rather than move to the service sector?(3) Why did growth in the share of China's service sector employment decelerate before reaching its peak? Why did the share of employment in the industrial sector suddenly increase after an abrupt decline? This paper creates a multisector economic growth model that contains non-homothetic preferences and differentiated productivity, and incorporates the "two drivers" therein for a demand-side estimation and analysis. The result shows that China's economic growth model driven by net export and investment is a critical factor for explaining the three questions regarding its structural transformation. This paper believes that only by implementing supply-side structural reforms, reducing the dependence on net export and investment, and achieving sustainable endogenous economic growth will China be able to expedite its industrial restructuring.
基金support from Key Projects of Philosophy and Social Sciences Research of Ministry of Education(09JZD0038)
文摘Oil is extremely crucial to the development of the modern economy. It is important to forecast the oil supply capacity due to its scarcity and non-renewability. This paper attempts to forecast and analyze thirty-five current and potential net oil-exporting countries. Integrating both qualitative and quantitative methods, the oil production and consumption are predicted based on historical data, so that the world net oil-exporting capacity can be obtained. The results show that the ＂roof effect＂ of the world net oil-exporting capacity may appear before 2030. Unconventional oil will play an important role in the future world oil market. The competition and cooperation relationships between OPEC and non-OPEC will last for a long time.
基金Supported by"Industrial Economic Research of National Technology System for Wool Sheep and Cashmere Goat Industries"of the Ministry of Agriculture and the Ministry of Finance(CARS-40-20)Chinese Universities Scientific Fund(2015RW007)
文摘Using " chain-based and constant-based" two-step method,this paper measured Paasche net barter terms of trade index for SinoAustralian agricultural products from 2001 to 2013,and further calculated contribution of each category of agricultural products to changes in overall net barter terms of trade. The results showed that since 2001,the overall net barter terms of trade for Sino-Australian agricultural products fluctuated between deterioration and improvement. In 2013,the net barter terms of trade index was 1. 02,and its improvement is not significant. From 2001 to 2013,the net barter terms of trade for Sino-Australian agricultural products improved about 16. 44%,which dominated by the category 0 agricultural products whose influence degree is 6 times and 28 times the degree of category 4 and category 1. In years when the net barter terms of trade for Sino-Australian agricultural products deteriorated,category 2 agricultural products were the root cause for the deterioration.
