1、Economic transition higher education and worker productivity in ChinaChinas stock market, which is mainly accessible to large state-owned enterprises (SOEs), can be seen as adaptive and effective if its emergence and rapid development are understood as an endogenous adjustment process of financial d
2、evelopment in response to both the demands of economic growth and changes in political constraints. The findings of this study present a conceptual model of Chinas stock market efficiency that takes into account the countrys idiosyncratic social, economic and political environments. The paper contri
3、butes to the literature by offering a holistic view of the role of historical developments, policy initiatives, investors behaviour and the economic aspirations of China as they pertain to stock market efficiency.Article Outline1. Introduction2. Financial development theories3. Financial reform and
4、the need to establish a stock market in China4. Development phases of Chinas stock market 4.1. Phase one: early shares as an alternative source of capital (19841990)4.2. Phase two: excitement over share trading and the premature government initiative (19911996)4.3. Phase three: enforcing regulations
5、 (19971999)4.4. Phase four: IPO acceleration and the governments second attempt at a mass sell-off (19992001)4.5. Phase five: emergence of new players and reduction in state holdings (20022005)5. Recent developments in the stock market6. Effectiveness of the stock market7. Conclusion, limitations an
6、d future researchReferencesResearch highlightsChinas stock market is part of financial development, responding to the demand of economic reform and growth. The market is adaptive if seen as an endogenous adjustment process of financial development. The effectiveness of the market is at the expense o
7、f individual investors.5The composition of human capital and economic growth: Evidence from China using dynamic panel data analysisOriginal Research ArticleChina Economic Review, Volume 22, Issue 1, March 2011, Pages 165-171Chuanguo Zhang, Lihuan ZhuangClose preview| Related articles|Related referen
8、ce work articles AbstractAbstract | Figures/TablesFigures/Tables | ReferencesReferences AbstractThis study examines the effect of the composition of human capital on economic growth in China, using the Generalized Methods of Moments (GMM) method. The results show that tertiary education plays a more
9、 important role than primary and secondary education on economic growth in China. Moreover, the role of the composition of human capital on regional economic growth is relevant to the level of development. The more developed provinces benefit more from tertiary education, while underdeveloped ones d
10、epend more on primary and secondary education.Article Outline1. Introduction2. Data and variables 2.1. Gross domestic product, output gap and physical investment2.2. Human capital2.3. Control variables3. Methodology4. Empirical results 4.1. Total sample analysis4.2. Sub regional sample analysis5. Co
11、nclusionsAcknowledgementsReferencesPurchase$ 31.50Research Highlights We examine the effect of composition of human capital on economic growth in China. Tertiary education plays a more important role on economic growth in China. The more developed provinces benefit more from tertiary education. The
12、underdeveloped provinces depend more on primary and secondary education.6Export Sophistication and Economic Growth: Evidence from ChinaOriginal Research ArticleJournal of Development Economics, In Press, Accepted Manuscript, Available online 13 April 2011Joachim Jarreau, Sandra PoncetClose preview|
13、Related articles|Related reference work articles AbstractAbstract AbstractWe consider the effect of export sophistication on economic performance by appealing to regional variation within one single country (China) over the 19972009 period. We find evidence in support of Hausmann, Hwang and Rodrik (
14、2007), in that regions specializing in more sophisticated goods subsequently grow faster. We find substantial variation in export sophistication at the province and prefecture level, controlling for the level of development, and that this sophistication in turn drives growth. Our results suggest tha
15、t these gains are limited to the ordinary export activities undertaken by domestic firms: no direct gains result from either processing trade activities or foreign firms, even though these are the main contributors to the global upgrading of Chinas exports. As such, the extent of assembly trade and
16、foreign entities should be distinguished in order to measure the true movement in a countrys technology and the contribution of exports to economic growth.Purchase$ 39.957Spatial patterns and economic contributions of mining and tourism in biodiversity hotspots: A case study in ChinaOriginal Researc
17、h ArticleEcological Economics, In Press, Corrected Proof, Available online 22 April 2011Ganlin Huang, Weiqi Zhou, Saleem AliClose preview| Related articles|Related reference work articles AbstractAbstract | Figures/TablesFigures/Tables | ReferencesReferences AbstractMining activities and tourism are
18、 both growing fast in biodiversity intense areas globally. However, the dynamic and interactions between mining and tourism when they both occur in biodiversity hotspots, and how they together may impact the economy and environment in these biodiversity rich areas, remain unclear. This paper examine
19、d how the two industries interact in terms of their economic contributions and spatial patterns in a biodiversity hotspot, Yunnan, China. We used correlation analyses to measure the relationships between mining activities, tourism visits and local gross domestic productions. We also employed a dista
20、nce-based technique to investigate the nature of any dependency between mining and tourism sites. Results showed that mining activities tend to be in relatively fluent areas while tourism tends to occur in less developed areas. Our results showed that the location of tourism and mining sites are lik
21、ely to be close to one another but the two industries usually perform better economically when they are apart from each other. These findings can provide insights on how mining and tourism together may impact the economy and environment in biodiversity rich areas, and provide important information f
22、or managers and planners on balancing mining and tourism development in these areas.Article Outline1. Introduction 1.1. Biodiversity Hotspots and its Geographic Overlap with Mining and Tourism1.2. Mining and Tourisms Impacts on Economy and Environment2. Study Site: Yunnan, China3. Method 3.1. Data3.
23、2. Correlation Analyses of Economic Contributions of Tourism and Mining3.3. Spatial Patterns of Tourism and Mining Sites4. Results 4.1. Correlations Among MPV, ITV and GDP4.2. Spatial Patterns of Tourism and Mining Sites5. Discussion 5.1. Correlations Among Mining, Tourism and GDP5.2. Spatial Patter
24、ns of Tourism and Mining Sites5.3. Implications at the Global Scale5.4. Limitations6. Summary and ConclusionsAcknowledgementsReferencesPurchase$ 39.95Research highlights Mining is more active in fluent areas while tourism occurs in less developed areas. Mining and tourism sites tend to locate closer
25、 to one another. Areas rarely have both industries perform well in terms of economic contributions.8Economic and productivity growth decomposition: An application to post-reform ChinaOriginal Research ArticleEconomic Modelling, Volume 28, Issues 1-2, January-March 2011, Pages 366-373Kui-Wai Li, Tung
26、 LiuClose preview| PDF (221 K) | Related articles|Related reference work articles AbstractAbstract | Figures/TablesFigures/Tables | ReferencesReferences AbstractThis paper examines and applies the theoretical foundation of the decomposition of economic and productivity growth to the thirty provinces
27、 in Chinas post-reform economy. The four attributes of economic growth are input growth, adjusted scale effect, technical progress, and efficiency growth. A stochastic frontier model with a translog production and incorporated with human capital is used to estimate the growth attributes in China. Th
28、e empirical results show that input growth is the major contributor to economic growth and human capital is inadequate even though it has a positive and significant effect on growth. Technical progress is the main contributor to productivity growth and the scale effect has become important in recent
29、 years. The impact of technical inefficiency is statistical insignificant in the sample period. The relevant policy implication for a sustainable post-reform China economy is the need to promote human capital accumulation and improvement in technical efficiency.Article Outline1. Introduction2. Decom
30、posing growth and productivity3. Post-reform China and estimation method4. Empirical results5. ConclusionsAcknowledgementsReferences9Applying integrated DEA/AHP to evaluate the economic performance of local governments in ChinaOriginal Research ArticleEuropean Journal of Operational Research, Volume
31、 209, Issue 2, 1 March 2011, Pages 129-140Ming-Ian Lin, Yuan-Duen Lee, Tsai-Neng HoClose preview| Related articles|Related reference work articles AbstractAbstract | Figures/TablesFigures/Tables | ReferencesReferences AbstractThis paper aims at integrating data envelopment analysis (DEA) and analytic hierarchy process (AHP) to evaluate the economic development achieved by local governments in China. Since most similar evaluations are multi-objection problems, which both DEA and AHP are capable of solving, the integration of these two approaches is sh
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