International capital flows play a crucial role in the process of globalization,presenting both opportunities and challenges to the financial stability of emerging economies.This article sorts out the positive effects...International capital flows play a crucial role in the process of globalization,presenting both opportunities and challenges to the financial stability of emerging economies.This article sorts out the positive effects and potential risks of international capital flows on the financial stability of emerging economies.By combining case studies in recent years,it analyzes the complex relationship between cross-border capital flows and financial stability,and proposes policy paths for emerging economies to cope with the shock of capital flows,providing references for enhancing financial resilience and achieving sustainable development.展开更多
We examine possible funding sources for constructing Climate Change Haven Communities on a global basis. Areas of the planet that have the potential to house persons migrating to “safe havens” in their own or other ...We examine possible funding sources for constructing Climate Change Haven Communities on a global basis. Areas of the planet that have the potential to house persons migrating to “safe havens” in their own or other countries will require the rapid construction of communities capable of supporting them, their families, businesses and farms. However, different political-economic conditions are found across the areas which can serve as locations for these Climate Change Haven Communities. We develop funding and construction strategies for the United States (free-market capitalism), France and Spain (European Union supported economies), and Taiwan region (state-directed economy). The proposals for the Taiwan region should also be applicable to the rest of China.展开更多
In economics,opportunity cost means the maximum value of choosing one behavior over others in the situation where resources are limited(Parkin,2016).In the process of making reproductive decision,opportunity cost reve...In economics,opportunity cost means the maximum value of choosing one behavior over others in the situation where resources are limited(Parkin,2016).In the process of making reproductive decision,opportunity cost reveals the trade-off between time,resources,and economic benefits that individuals face when choosing to have children or not.During this process,the technological changes make the paths of career development diverse and rapidly changing,remarkably increasing the opportunity cost of childbirth and parenting.This leads to individuals more inclined to postpone or reduce childbirth when balancing their careers and families,thereby resulting in low fertility rates in developed economies.展开更多
Agglomeration economies are the important factors for the regional development. However, the common indicators to measure them, such as Gini Coefficients neglect the spatial ingredient of data, leading to a-spatial es...Agglomeration economies are the important factors for the regional development. However, the common indicators to measure them, such as Gini Coefficients neglect the spatial ingredient of data, leading to a-spatial estimates. In order to assess spatial neighbor effects of agglomeration economies, this study makes the new attempts by applying a series of techniques of spatial autocorrelation analysis, specifically, measuring the economies of urbanization and localization at the county level in the secondary and tertiary industries of Jiangsu Province in 1999 and 2002. The conclusions in this study reveal that on the whole, the localization effects on the economies of the secondary industry might be stronger than urbanization effects for that period, and highly agglomerative economies were limited within the southern Jiangsu and parts of middle along the Changjiang (Yangtze) River. Moreover, the tertiary industry has been strong urbanization rather than localization economies in the whole Jiangsu. Unlike the secondary industry, the tertiary industry held the high levels of agglomeration economies can be also found in the poor northern Jiangsu, and then the spatial clusters of trade and services might be basically seen in each of urban districts in 13 cities. All in all, spatial autocorrelation analysis is a better method to test agglomeration economies.展开更多
Employing the statistics of 750, 000 firms obtained from China ＇s Third National Industrial Census, this paper estimates the production functions of 112 3-digit industries in four categories to examine the patterns o...Employing the statistics of 750, 000 firms obtained from China ＇s Third National Industrial Census, this paper estimates the production functions of 112 3-digit industries in four categories to examine the patterns of agglomeration economies, optimal scale of agglomeration, and the endogeneity of agglomeration level in manufacturing industries. Results indicate the existence of localization economies at city level and urbanization economies at province level, while the latter has very small economic significance. Decreasing returns to scale at firm level suggest that the source of agglomeration economies is technological externality emphasized by urban economic theory. With a rising scale, agglomeration economies exhibit an inverted U-shaped curve. Each industry has an optimal scale of agglomeration where the agglomeration economy is maximized. However, the actual scale of agglomeration is generally far lower than the optimal level. Corresponding to the optimal scale of agglomeration, the level of industrial agglomeration measured by the index is endogenous.展开更多
The Vietnamese agricultural sector has experienced a dramatic structural change based on increased specialization in rice cultivation.However,small-scale rice-farmers have continued to grow multiple crops,especially i...The Vietnamese agricultural sector has experienced a dramatic structural change based on increased specialization in rice cultivation.However,small-scale rice-farmers have continued to grow multiple crops,especially in less developed provinces.While the literature advocates crop diversification for reasons of both economic and ecological sustainability,there lacks empirical evidence as to whether crop diversification brings efficiency and productivity gains to small farms.The present study is the first applications of the input-oriented stochastic distance function approach in estimating scale and scope economies using data of multi-crop farming households in Vietnam.We find strong evidence of product-specific economies of scale.Scope economies are also present for rice,vegetable,and other annual crop production.This suggests that crop diversification enhances efficiency and productivity.However,there still exists significant technical inefficiency in crop production,indicating opportunities to expand farm output at the existing level of inputs and technologies.More specifically,our empirical results indicate that it is desirable to expand vegetable and other annual crop production in mountainous areas while rice cultivation can be further expanded in delta and coastal regions.展开更多
In the software engineering literature, it is commonly believed that economies of scale do not occur in case of software Development and Enhancement Projects （D＆EP）. Their per-unit cost does not decrease but increa...In the software engineering literature, it is commonly believed that economies of scale do not occur in case of software Development and Enhancement Projects （D＆EP）. Their per-unit cost does not decrease but increase with the growth of such projects product size. Thus this is diseconomies of scale that occur in them. The significance of this phenomenon results from the fact that it is commonly considered to be one of the fundamental objective causes of their low effectiveness. This is of particular significance with regard to Business Software Systems （BSS） D＆EP characterized by exceptionally low effectiveness comparing to other software D＆EP. Thus the paper aims at answering the following two questions： （1） Do economies of scale really not occur in BSS D＆EP？ （2） If economies of scale may occur in BSS D＆EP, what factors are then promoting them？ These issues classify into economics problems of software engineering research and practice.展开更多
In China,the dual economies show prominence in financial field.It leads to the serious dual credit ration and becomes one of the main cause which makes financing in medium & small sized enterprises becomes harder ...In China,the dual economies show prominence in financial field.It leads to the serious dual credit ration and becomes one of the main cause which makes financing in medium & small sized enterprises becomes harder and harder.On basis of this situation,we theoretically pose that we can alleviate the difficulty through the dual cooperation of financial control and the deepening of finance.展开更多
Central Asian Economies(CAEs)have diverse exchange rate policies.They have recorded higher volatility in the foreign exchange market since inception.High volatility of the transition era has drifted these economies to...Central Asian Economies(CAEs)have diverse exchange rate policies.They have recorded higher volatility in the foreign exchange market since inception.High volatility of the transition era has drifted these economies towards partial dollarization.Monetary authorities in CAEs,(already have a challenge of maintaining monetary policy autonomy)have a gigantic task of price stability and stopping the spread of dollarization.This study is directed towards assessing the drivers and the determinants of foreign exchange market pressure in CAEs.The results,based on panel data analysis and the System GMM model,have provided useful insights about the exchange market pressure determinants particularly USD,Euro,Ruble,and Renminbi.The results show that China and Russia exchange market pressure has a negative effect on the exchange market pressure of CAEs.While the dollar index shows a positive impact on the exchange market pressure of CAEs.Overall,the findings imply that China and Russia currency appreciation results in a trade deficit across CAEs.The policy implication suggests that the floating exchange rate regime(inflation targeting regime)is not in favor of CAEs,and they must use managed-float to reduce their trade deficits.展开更多
The paper uses data from 2002 to 2011 to make an analysis on trade reliance of China, the top 10 developed countries and top 10 developing countries in products of creative industries. A cross country comparison is do...The paper uses data from 2002 to 2011 to make an analysis on trade reliance of China, the top 10 developed countries and top 10 developing countries in products of creative industries. A cross country comparison is done from global, country groups, and individual country perspective respectively. The findings include that the global trade in creative industry is growing steadily in terms of both absolute value and relative value. The trade reliance of major countries in creative products is getting deeper. The trade pattern in creative industry is taking shape. China＇s future markets in creative products include developed countries and high income developing economies. In view of this development trend, China＇s producers should make necessary adjustment in their production and market strategy so that they will not miss the future opportunities.展开更多
This paper presents an economic lot-sizing problem with perishable inventory and general economies of scale cost functions. For the case with backlogging allowed, a mathematical model is formulated, and several proper...This paper presents an economic lot-sizing problem with perishable inventory and general economies of scale cost functions. For the case with backlogging allowed, a mathematical model is formulated, and several properties of the optimal solutions are explored. With the help of these optimality properties, a polynomial time approximation algorithm is developed by a new method. The new method adopts a shift technique to obtain a feasible solution of subproblem and takes the optimal solution of the subproblem as an approximation solution of our problem. The worst case performance for the approximation algorithm is proven to be （4√2 ＋ 5）/7. Finally, an instance illustrates that the bound is tight.展开更多
This study attempts to investigate the effect of financial and political risk on Chinese outward FDI activities in 56 emerging economies for a period from 2003 to 2013. Exchange rate is taken as a main indicator of fi...This study attempts to investigate the effect of financial and political risk on Chinese outward FDI activities in 56 emerging economies for a period from 2003 to 2013. Exchange rate is taken as a main indicator of financial risks and political risks are evaluated using ICRG （International Country Risk Guide） index. Generalized method of moments with panel data of Chinese outward FDI （foreign direct investment） in new emerging economies is used to find how Chinese finns intend to invest abroad with respect to exchange rate level, volatility, and expectation. The major findings show that RMB appreciation proved to have a positive effect on Chinese outward FDI in emerging economies. But Chinese OFDI （outward foreign direct investment） seems not to respond to exchange rate volatility. The expectation of RMB＇s appreciation has positive effect on Chinese OFDI in emerging economies. Results also show that more political risk leads to more Chinese OFDI in emerging economies.展开更多
On the basis of defining the concept of "immiserizing growth in expanding economies",through analysing the status quo of economy in China's rural areas in the new era,this paper aims to find out the fact...On the basis of defining the concept of "immiserizing growth in expanding economies",through analysing the status quo of economy in China's rural areas in the new era,this paper aims to find out the factors responsible for economic weakness of China's rural residents.It analyses the impact of market consuming economy on growth economy,and points out the phenomenon of "immiserizing growth in expanding economies" which may be triggered by China's rapid rural economic growth as follows:first,the income disparity between urban and rural residents increases ceaselessly,the commodity prices continuously soar,and the rural residents' market consuming capacity is short;second,the wealth concentrates highly and the majority of farmers' income is low.Thus we put forward the countermeasures and proposals for preventing "immiserizing growth in expanding economies" in rural areas as follows:we should reform household registration system so that the rural residents have the right to migrate freely,and farmers' status is promoted;we should coordinate urban-rural development,strengthen agriculture and rural infrastructure building and achieve impartial allocation of public resources;we should carry out redistribution on income scientifically and effectively,consolidate rural social security system,bridge urban-rural income gap,transform the comparative advantage into competitive advantage,so as to circumvent "immiserizing growth in expanding economies".展开更多
The BRICS （Brazil, Russia, India, China and South Africa） and other emerging economies have become a driving global force for the past twenty years. However, their growth patterns are obsolete, impeding the quality ...The BRICS （Brazil, Russia, India, China and South Africa） and other emerging economies have become a driving global force for the past twenty years. However, their growth patterns are obsolete, impeding the quality and competitiveness of their economic growth, while simultaneously threatening the sustainability of their economic convergence with developed nations. Transforming the domestic growth pattern-the solution to the middle-income trap-has therefore become a key priority for each of these economies. This paper presents a comparative analysis of how to transform the pattern of economic growth in BRICS and achieve sustainable economic convergence with a comparative analysis of the pattern of economic growth and problems among BRICS countries.展开更多
Regional Comprehensive Economic Partnership(RCEP)is the world’s largest regional trade agreement,signed by ten ASEAN countries and five regional trade partners.In January 2022,the RCEP officially took effect,which no...Regional Comprehensive Economic Partnership(RCEP)is the world’s largest regional trade agreement,signed by ten ASEAN countries and five regional trade partners.In January 2022,the RCEP officially took effect,which not only marks the triumph of multilateral cooperation,but more importantly,will be significant contributor to global economy.At present,facing the wave of digital globalization,RCEP could put more emphasis on the international cooperation in technology innovation,digital infrastructure,and cross-border e-commerce,making digital economy boost RCEP’s goal to deeper economic integration.Member states can achieve long term success through jointly establishing cooperation mechanism on digital economy,and working to build community with digital sharing for RCEP parties,which also help revive economic strength in the big recession caused by COVID-19 pandemic.Furthermore,this study finds that the former“Tiger Cub”economies which are Indonesia,Thailand,Malaysia,and Philippines stand a credible chance of becoming the new“Tiger Cub”economies in Asia-Pacific,for their rapidly rising digital markets.展开更多
Global financial governance refers to the way in which global financial affairs are managed. As there is no global government, global financial governance typically involves a range of actors including states, as well...Global financial governance refers to the way in which global financial affairs are managed. As there is no global government, global financial governance typically involves a range of actors including states, as well as regional and international organizations aimed at negotiating responses to problems that affect more than one state or region, far from only providing the public good of financial stability through global economy integration and global financial legislation. In geopolitical context of the 21 st century, emerging economies still have maintained a low profile in global financial governance, despite their growing economic power and the rhetoric of being a responsible great power, and there is little evidence that they will seek international leadership. Moreover,compared to the other emerging powers in the BRICS(Brazil, Russia, India, China and South Africa) group,China has under-participated in global governance in terms of contributing personnel, finance and ideas to major multilateral institutions and programs. It is really an interesting question in international economics and politics area. Firstly, this paper examines comparative data on the emerging economies countries' participation in global financial governance and explains the reason why China has relatively low involvement in global financial governance. Secondly, this paper analyzes norms and legitimacy in global financial governance, and thus outlines the emerging economies constraints on public policy of global financial market integration in the light of the foregoing analysis of legitimacy, accountability and democracy. Finally, some global financial governance development strategy and possible policy solutions are discussed as well.展开更多
Background/Objectives:Many economies are on the trajectory of alternative growth drivers other than conventional capital and labor.Access to credit facilities is a pertinent indicator of economic growth.In line with t...Background/Objectives:Many economies are on the trajectory of alternative growth drivers other than conventional capital and labor.Access to credit facilities is a pertinent indicator of economic growth.In line with the United Nations Sustainable Development Goals(UNSDGs-8)agenda,the national goal for sustainable development for most economies and Arab economies is no exception.Therefore,the current study adopts a traditional growth model by exploring the relationship between gross domestic product(GDP)per capita,credit for private sectors,ratio of exports,real GDP,and per labor force participants for selected Arab economies annually from 2001 to 2020.Research design:This study leverages the Fourier Kwiatkowski–Phillips–Schmidt–Shin(KPSS)unit root test and second-generation panel econometrics as estimation techniques,such as Westerlund and Edgerton panel cointegration test,and the use of two estimators,namely the augmented mean group(AMG)and common correlated error mean group(CCEMG),to obtain robust results.Findings:Empirical findings from Westerlund and Edgerton panel cointegration tests validate the long-run equilibrium relationship among the outlined variables.Further empirical results indicate that the share of exports is negatively significant with economic growth in countries such as Kuwait,Lebanon,Tunisia,and Jordan.Additionally,savings and labor force participation have a positive relationship with economic growth in individual countries such as Algeria and Bahrain.As per the panel,there is no significant relationship between labor force participation and economic growth.This indicates that the skilled labor force enhanced economic growth.Conclusions:These findings come with inherent far-reaching policy suggestions for economies and panels.Further details on country-specific policy actions are presented in the concluding section.展开更多
The flow of foreign direct investment(FDI)into a country can benefit both the investing entity and host government.This study employed panel analysis to examine the factors that determine the direction of FDI to the f...The flow of foreign direct investment(FDI)into a country can benefit both the investing entity and host government.This study employed panel analysis to examine the factors that determine the direction of FDI to the fast-growing BRICS(Brazil,Russia,India,China,and South Africa)and MINT(Mexico,Indonesia,Nigeria,and Turkey)countries.First,we used a pooled time-series cross sectional analysis of data from 2001 to 2011 to estimate and model the determinants of FDI for three samples:BRICS only,MINT only,and BRICS and MINT combined.Then,a fixed effects approach was employed to provide the model for BRICS and MINT combined.The results demonstrate that market size,infrastructure availability,and trade openness play the most significant roles in attracting FDI to BRICS and MINT,while the roles of availability of natural resources and institutional quality are insignificant.To sustain and promote FDI inflow,the governments of BRICS and MINT must ensure that their countries remain attractive for investment by offering a level playing field for investors and political stability.BRICS and MINT governments also need to invest more in their human capital to ensure that their economies can absorb substantial skills and technology spillovers from FDI and promote sustainable long-term economic growth.This study is significant because it contributes to the literature on determinants of FDI by extending the scope of previous studies that often focused on BRICS only.展开更多
Tackling future global emissions of carbon dioxide is a daunting task. Different black box models have been used to determine the trajectories of CO2 emissions and other carbon stocks. Trajectories are important becau...Tackling future global emissions of carbon dioxide is a daunting task. Different black box models have been used to determine the trajectories of CO2 emissions and other carbon stocks. Trajectories are important because climate modelers use them to project future climate under higher atmospheric CO2 concentrations. In this paper, fully connected two-layer feed-forward neural network with tangent activation function that comes with hidden neurons as well as linear output neurons was used. The study applied classical nonlinear least squares algorithm such as LM (Levenberg-Marquardt), to predict potential emissions of selected emerging economies. Building the model on the basis of input variables such as crop production, livestock production, trade imports, trade exports, economic growth, renewable and nonrenewable energy consumption. These variables are considered to affect the ecosystems of high rising economic power states. The main idea is to ensure that emerging economies have a clear understanding of expected future emissions so that appropriate measures can be implemented to mitigate its impact. Data for the analysis were obtained from 1971 to 2013 from World Development Indicators and FAOSTAT database. Results indicate an achievement of training performance at epoch 11 when the value of the MSE (Mean Square Error) is 0.0003345 which indicates that the model errors are less than 0.05. Hence, the study concluded that the applied model is capable of predicting potential carbon dioxide emissions in emerging economies with the greatest precision.展开更多
文摘International capital flows play a crucial role in the process of globalization,presenting both opportunities and challenges to the financial stability of emerging economies.This article sorts out the positive effects and potential risks of international capital flows on the financial stability of emerging economies.By combining case studies in recent years,it analyzes the complex relationship between cross-border capital flows and financial stability,and proposes policy paths for emerging economies to cope with the shock of capital flows,providing references for enhancing financial resilience and achieving sustainable development.
文摘We examine possible funding sources for constructing Climate Change Haven Communities on a global basis. Areas of the planet that have the potential to house persons migrating to “safe havens” in their own or other countries will require the rapid construction of communities capable of supporting them, their families, businesses and farms. However, different political-economic conditions are found across the areas which can serve as locations for these Climate Change Haven Communities. We develop funding and construction strategies for the United States (free-market capitalism), France and Spain (European Union supported economies), and Taiwan region (state-directed economy). The proposals for the Taiwan region should also be applicable to the rest of China.
文摘In economics,opportunity cost means the maximum value of choosing one behavior over others in the situation where resources are limited(Parkin,2016).In the process of making reproductive decision,opportunity cost reveals the trade-off between time,resources,and economic benefits that individuals face when choosing to have children or not.During this process,the technological changes make the paths of career development diverse and rapidly changing,remarkably increasing the opportunity cost of childbirth and parenting.This leads to individuals more inclined to postpone or reduce childbirth when balancing their careers and families,thereby resulting in low fertility rates in developed economies.
基金Under the auspicesoftheNationalNatural Science FoundationofChina(No.40271040)
文摘Agglomeration economies are the important factors for the regional development. However, the common indicators to measure them, such as Gini Coefficients neglect the spatial ingredient of data, leading to a-spatial estimates. In order to assess spatial neighbor effects of agglomeration economies, this study makes the new attempts by applying a series of techniques of spatial autocorrelation analysis, specifically, measuring the economies of urbanization and localization at the county level in the secondary and tertiary industries of Jiangsu Province in 1999 and 2002. The conclusions in this study reveal that on the whole, the localization effects on the economies of the secondary industry might be stronger than urbanization effects for that period, and highly agglomerative economies were limited within the southern Jiangsu and parts of middle along the Changjiang (Yangtze) River. Moreover, the tertiary industry has been strong urbanization rather than localization economies in the whole Jiangsu. Unlike the secondary industry, the tertiary industry held the high levels of agglomeration economies can be also found in the poor northern Jiangsu, and then the spatial clusters of trade and services might be basically seen in each of urban districts in 13 cities. All in all, spatial autocorrelation analysis is a better method to test agglomeration economies.
文摘Employing the statistics of 750, 000 firms obtained from China ＇s Third National Industrial Census, this paper estimates the production functions of 112 3-digit industries in four categories to examine the patterns of agglomeration economies, optimal scale of agglomeration, and the endogeneity of agglomeration level in manufacturing industries. Results indicate the existence of localization economies at city level and urbanization economies at province level, while the latter has very small economic significance. Decreasing returns to scale at firm level suggest that the source of agglomeration economies is technological externality emphasized by urban economic theory. With a rising scale, agglomeration economies exhibit an inverted U-shaped curve. Each industry has an optimal scale of agglomeration where the agglomeration economy is maximized. However, the actual scale of agglomeration is generally far lower than the optimal level. Corresponding to the optimal scale of agglomeration, the level of industrial agglomeration measured by the index is endogenous.
基金the University of Economics Ho Chi Minh City,the German Research Foundation(DFG,funding No.DFG-FOR 756/1&2)the Open Access Fund of Leibniz University Hannover,Germany.
文摘The Vietnamese agricultural sector has experienced a dramatic structural change based on increased specialization in rice cultivation.However,small-scale rice-farmers have continued to grow multiple crops,especially in less developed provinces.While the literature advocates crop diversification for reasons of both economic and ecological sustainability,there lacks empirical evidence as to whether crop diversification brings efficiency and productivity gains to small farms.The present study is the first applications of the input-oriented stochastic distance function approach in estimating scale and scope economies using data of multi-crop farming households in Vietnam.We find strong evidence of product-specific economies of scale.Scope economies are also present for rice,vegetable,and other annual crop production.This suggests that crop diversification enhances efficiency and productivity.However,there still exists significant technical inefficiency in crop production,indicating opportunities to expand farm output at the existing level of inputs and technologies.More specifically,our empirical results indicate that it is desirable to expand vegetable and other annual crop production in mountainous areas while rice cultivation can be further expanded in delta and coastal regions.
文摘In the software engineering literature, it is commonly believed that economies of scale do not occur in case of software Development and Enhancement Projects （D＆EP）. Their per-unit cost does not decrease but increase with the growth of such projects product size. Thus this is diseconomies of scale that occur in them. The significance of this phenomenon results from the fact that it is commonly considered to be one of the fundamental objective causes of their low effectiveness. This is of particular significance with regard to Business Software Systems （BSS） D＆EP characterized by exceptionally low effectiveness comparing to other software D＆EP. Thus the paper aims at answering the following two questions： （1） Do economies of scale really not occur in BSS D＆EP？ （2） If economies of scale may occur in BSS D＆EP, what factors are then promoting them？ These issues classify into economics problems of software engineering research and practice.
文摘In China,the dual economies show prominence in financial field.It leads to the serious dual credit ration and becomes one of the main cause which makes financing in medium & small sized enterprises becomes harder and harder.On basis of this situation,we theoretically pose that we can alleviate the difficulty through the dual cooperation of financial control and the deepening of finance.
文摘Central Asian Economies(CAEs)have diverse exchange rate policies.They have recorded higher volatility in the foreign exchange market since inception.High volatility of the transition era has drifted these economies towards partial dollarization.Monetary authorities in CAEs,(already have a challenge of maintaining monetary policy autonomy)have a gigantic task of price stability and stopping the spread of dollarization.This study is directed towards assessing the drivers and the determinants of foreign exchange market pressure in CAEs.The results,based on panel data analysis and the System GMM model,have provided useful insights about the exchange market pressure determinants particularly USD,Euro,Ruble,and Renminbi.The results show that China and Russia exchange market pressure has a negative effect on the exchange market pressure of CAEs.While the dollar index shows a positive impact on the exchange market pressure of CAEs.Overall,the findings imply that China and Russia currency appreciation results in a trade deficit across CAEs.The policy implication suggests that the floating exchange rate regime(inflation targeting regime)is not in favor of CAEs,and they must use managed-float to reduce their trade deficits.
文摘The paper uses data from 2002 to 2011 to make an analysis on trade reliance of China, the top 10 developed countries and top 10 developing countries in products of creative industries. A cross country comparison is done from global, country groups, and individual country perspective respectively. The findings include that the global trade in creative industry is growing steadily in terms of both absolute value and relative value. The trade reliance of major countries in creative products is getting deeper. The trade pattern in creative industry is taking shape. China＇s future markets in creative products include developed countries and high income developing economies. In view of this development trend, China＇s producers should make necessary adjustment in their production and market strategy so that they will not miss the future opportunities.
基金supported by National Natural Science Foundation of China (No. 10671108 and 70971076)Found for the Doctoral Program of Higher Education of Ministry of Education of China (No. 20070446001)+1 种基金Innovation Planning Project of Shandong Province (No. SDYY06034)Foundation of Qufu Normal University (No. XJZ200849)
文摘This paper presents an economic lot-sizing problem with perishable inventory and general economies of scale cost functions. For the case with backlogging allowed, a mathematical model is formulated, and several properties of the optimal solutions are explored. With the help of these optimality properties, a polynomial time approximation algorithm is developed by a new method. The new method adopts a shift technique to obtain a feasible solution of subproblem and takes the optimal solution of the subproblem as an approximation solution of our problem. The worst case performance for the approximation algorithm is proven to be （4√2 ＋ 5）/7. Finally, an instance illustrates that the bound is tight.
基金Acknowledgements： This paper is supported by the National Natural Science Foundation of China （71072066, 71302183）, the Social Science Fund of China＇s Education Department （14YJC790053）, the Distinguished Young Scholars Fund of Sichuan University （SKJC201007, SKYB201402）, and the Sichuan Provincial Social Science Fund （SC14C054）. The usual disclaimer applies.
文摘This study attempts to investigate the effect of financial and political risk on Chinese outward FDI activities in 56 emerging economies for a period from 2003 to 2013. Exchange rate is taken as a main indicator of financial risks and political risks are evaluated using ICRG （International Country Risk Guide） index. Generalized method of moments with panel data of Chinese outward FDI （foreign direct investment） in new emerging economies is used to find how Chinese finns intend to invest abroad with respect to exchange rate level, volatility, and expectation. The major findings show that RMB appreciation proved to have a positive effect on Chinese outward FDI in emerging economies. But Chinese OFDI （outward foreign direct investment） seems not to respond to exchange rate volatility. The expectation of RMB＇s appreciation has positive effect on Chinese OFDI in emerging economies. Results also show that more political risk leads to more Chinese OFDI in emerging economies.
文摘On the basis of defining the concept of "immiserizing growth in expanding economies",through analysing the status quo of economy in China's rural areas in the new era,this paper aims to find out the factors responsible for economic weakness of China's rural residents.It analyses the impact of market consuming economy on growth economy,and points out the phenomenon of "immiserizing growth in expanding economies" which may be triggered by China's rapid rural economic growth as follows:first,the income disparity between urban and rural residents increases ceaselessly,the commodity prices continuously soar,and the rural residents' market consuming capacity is short;second,the wealth concentrates highly and the majority of farmers' income is low.Thus we put forward the countermeasures and proposals for preventing "immiserizing growth in expanding economies" in rural areas as follows:we should reform household registration system so that the rural residents have the right to migrate freely,and farmers' status is promoted;we should coordinate urban-rural development,strengthen agriculture and rural infrastructure building and achieve impartial allocation of public resources;we should carry out redistribution on income scientifically and effectively,consolidate rural social security system,bridge urban-rural income gap,transform the comparative advantage into competitive advantage,so as to circumvent "immiserizing growth in expanding economies".
基金Interim results for the state social science foundation key project ＂Raising Macro Regulation Level and Maintain Fast and Steady Economic Growth＂ （approve No. 09＆ZD017） and ＂Funding Program for Academic Human Resources Development in Institutions of Higher Learning Under the Jurisdiction of Beijing Municipality＂ （approve No. 00491162340 142）.
文摘The BRICS （Brazil, Russia, India, China and South Africa） and other emerging economies have become a driving global force for the past twenty years. However, their growth patterns are obsolete, impeding the quality and competitiveness of their economic growth, while simultaneously threatening the sustainability of their economic convergence with developed nations. Transforming the domestic growth pattern-the solution to the middle-income trap-has therefore become a key priority for each of these economies. This paper presents a comparative analysis of how to transform the pattern of economic growth in BRICS and achieve sustainable economic convergence with a comparative analysis of the pattern of economic growth and problems among BRICS countries.
文摘Regional Comprehensive Economic Partnership(RCEP)is the world’s largest regional trade agreement,signed by ten ASEAN countries and five regional trade partners.In January 2022,the RCEP officially took effect,which not only marks the triumph of multilateral cooperation,but more importantly,will be significant contributor to global economy.At present,facing the wave of digital globalization,RCEP could put more emphasis on the international cooperation in technology innovation,digital infrastructure,and cross-border e-commerce,making digital economy boost RCEP’s goal to deeper economic integration.Member states can achieve long term success through jointly establishing cooperation mechanism on digital economy,and working to build community with digital sharing for RCEP parties,which also help revive economic strength in the big recession caused by COVID-19 pandemic.Furthermore,this study finds that the former“Tiger Cub”economies which are Indonesia,Thailand,Malaysia,and Philippines stand a credible chance of becoming the new“Tiger Cub”economies in Asia-Pacific,for their rapidly rising digital markets.
文摘Global financial governance refers to the way in which global financial affairs are managed. As there is no global government, global financial governance typically involves a range of actors including states, as well as regional and international organizations aimed at negotiating responses to problems that affect more than one state or region, far from only providing the public good of financial stability through global economy integration and global financial legislation. In geopolitical context of the 21 st century, emerging economies still have maintained a low profile in global financial governance, despite their growing economic power and the rhetoric of being a responsible great power, and there is little evidence that they will seek international leadership. Moreover,compared to the other emerging powers in the BRICS(Brazil, Russia, India, China and South Africa) group,China has under-participated in global governance in terms of contributing personnel, finance and ideas to major multilateral institutions and programs. It is really an interesting question in international economics and politics area. Firstly, this paper examines comparative data on the emerging economies countries' participation in global financial governance and explains the reason why China has relatively low involvement in global financial governance. Secondly, this paper analyzes norms and legitimacy in global financial governance, and thus outlines the emerging economies constraints on public policy of global financial market integration in the light of the foregoing analysis of legitimacy, accountability and democracy. Finally, some global financial governance development strategy and possible policy solutions are discussed as well.
文摘Background/Objectives:Many economies are on the trajectory of alternative growth drivers other than conventional capital and labor.Access to credit facilities is a pertinent indicator of economic growth.In line with the United Nations Sustainable Development Goals(UNSDGs-8)agenda,the national goal for sustainable development for most economies and Arab economies is no exception.Therefore,the current study adopts a traditional growth model by exploring the relationship between gross domestic product(GDP)per capita,credit for private sectors,ratio of exports,real GDP,and per labor force participants for selected Arab economies annually from 2001 to 2020.Research design:This study leverages the Fourier Kwiatkowski–Phillips–Schmidt–Shin(KPSS)unit root test and second-generation panel econometrics as estimation techniques,such as Westerlund and Edgerton panel cointegration test,and the use of two estimators,namely the augmented mean group(AMG)and common correlated error mean group(CCEMG),to obtain robust results.Findings:Empirical findings from Westerlund and Edgerton panel cointegration tests validate the long-run equilibrium relationship among the outlined variables.Further empirical results indicate that the share of exports is negatively significant with economic growth in countries such as Kuwait,Lebanon,Tunisia,and Jordan.Additionally,savings and labor force participation have a positive relationship with economic growth in individual countries such as Algeria and Bahrain.As per the panel,there is no significant relationship between labor force participation and economic growth.This indicates that the skilled labor force enhanced economic growth.Conclusions:These findings come with inherent far-reaching policy suggestions for economies and panels.Further details on country-specific policy actions are presented in the concluding section.
文摘The flow of foreign direct investment(FDI)into a country can benefit both the investing entity and host government.This study employed panel analysis to examine the factors that determine the direction of FDI to the fast-growing BRICS(Brazil,Russia,India,China,and South Africa)and MINT(Mexico,Indonesia,Nigeria,and Turkey)countries.First,we used a pooled time-series cross sectional analysis of data from 2001 to 2011 to estimate and model the determinants of FDI for three samples:BRICS only,MINT only,and BRICS and MINT combined.Then,a fixed effects approach was employed to provide the model for BRICS and MINT combined.The results demonstrate that market size,infrastructure availability,and trade openness play the most significant roles in attracting FDI to BRICS and MINT,while the roles of availability of natural resources and institutional quality are insignificant.To sustain and promote FDI inflow,the governments of BRICS and MINT must ensure that their countries remain attractive for investment by offering a level playing field for investors and political stability.BRICS and MINT governments also need to invest more in their human capital to ensure that their economies can absorb substantial skills and technology spillovers from FDI and promote sustainable long-term economic growth.This study is significant because it contributes to the literature on determinants of FDI by extending the scope of previous studies that often focused on BRICS only.
基金the Korean National Research Foundation Grant,funded by the Korean Government [NRF-2014SIA2027622]supported in part by the National Science Foundation of China under grants 71471076, 71171099, 71373818 and 71201071+1 种基金the Joint Research of the NSFC-NRF Scientific Cooperation Program under grant 71411170250the Research Fund for the Doctoral Program of Higher Education under grant 20123227110011.
文摘Tackling future global emissions of carbon dioxide is a daunting task. Different black box models have been used to determine the trajectories of CO2 emissions and other carbon stocks. Trajectories are important because climate modelers use them to project future climate under higher atmospheric CO2 concentrations. In this paper, fully connected two-layer feed-forward neural network with tangent activation function that comes with hidden neurons as well as linear output neurons was used. The study applied classical nonlinear least squares algorithm such as LM (Levenberg-Marquardt), to predict potential emissions of selected emerging economies. Building the model on the basis of input variables such as crop production, livestock production, trade imports, trade exports, economic growth, renewable and nonrenewable energy consumption. These variables are considered to affect the ecosystems of high rising economic power states. The main idea is to ensure that emerging economies have a clear understanding of expected future emissions so that appropriate measures can be implemented to mitigate its impact. Data for the analysis were obtained from 1971 to 2013 from World Development Indicators and FAOSTAT database. Results indicate an achievement of training performance at epoch 11 when the value of the MSE (Mean Square Error) is 0.0003345 which indicates that the model errors are less than 0.05. Hence, the study concluded that the applied model is capable of predicting potential carbon dioxide emissions in emerging economies with the greatest precision.
