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Using the data of Fujian Province over the period 1978-2008, this paper employs cointegration and Granger causality testing approach to study the relationship between Technological progress and Local government expending on Science and Technology. The empirical estimates show that Local government expending on Science and Technology and total factor productivity (TFP) has the long-term stability and...
Selection method of construction agent is the crucial issue in the implementation process of agent construction system in China. At present, selecting construction agent by public tendering appears weaknesses due to the restrictions that brought from imperfect competition in construction agent market. Some domestic regions introduced construction agent list to select construction agent, which can...
In this paper, we construct an open-economy dynamic stochastic general equilibrium (DSGE) model to study the impact of the technology shocks on monetary policy in China. We find technology shocks have a more significant and direct impact on both monetary policy transmission channels and targets in China. It is necessary to pay close attention to technology shocks in making monetary policy and respond...
The performance auditing of national infrastructure project is the important regulatory measure to improve the project's performance, and risk aversion of audit could improve the auditing's quality effectively. The paper conducted investigation in-depth based on the existing research, designed a set of measuring scale for national infrastructure project performance auditing risk's controllability,...
With the development of private enterprises and the increasing demand of building public infrastructures in China, it is crucial to encourage private enterprises to engage in building and operating infrastructures. The legislation and regulation in this field are still in progress, which makes the owners of private capitals confront risks. Through the case analysis of a sewage treatment plant in South...
As a long term strategic investor which had special preference on safety, China's National Social Security Fund (NSSF) invested listed corporations through the form of investment portfolio, which operated by professional investment manager. The author made an empirical study based on 2007 annual reports of 842 A share listed corporations in Shanghai stock exchange. There were 22 investment portfolios...
This paper uses the panel data (1994-2005) of all provinces in China and takes the important factors (investment, import and export, human capital, FDI, government expenditure and so on) which impact Chinapsilas economic growth as control variables, employing the two-way fixed-effect model and GMM method (Panel Generalized Method of Moments) to estimate the correlation between financial development...
By setting up the game theory model of forestry investment between the central and the local government, the paper deeply analyzes two kinds of interest subject in some Nash-equilibrium. Using the results, the problem of local finance quota is discussed which always is difficult to fulfill in Tian Bao project, and the reason is found that the central and the local government have been to proceed the...
The purpose of the study is to investigate the relation between government expenditure and private investment in China during 1978 to 2004. To this end, effects of three categories of government on private investment are examined within the cointegration and error-correction framework. The empirical results show that government investment expenditure crowds out private investment in the short-term...
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