Economic transition higher education and worker productivity in China.docx

Economic transition higher education and worker productivity in China.docx

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EconomictransitionhighereducationandworkerproductivityinChina

China'sstockmarket,whichismainlyaccessibletolargestate-ownedenterprises（SOEs）,canbeseenasadaptiveandeffectiveifitsemergenceandrapiddevelopmentareunderstoodasanendogenousadjustmentprocessoffinancialdevelopmentinresponsetoboththedemandsofeconomicgrowthandchangesinpoliticalconstraints.ThefindingsofthisstudypresentaconceptualmodelofChina'sstockmarketefficiencythattakesintoaccountthecountry'sidiosyncraticsocial,economicandpoliticalenvironments.Thepapercontributestotheliteraturebyofferingaholisticviewoftheroleofhistoricaldevelopments,policyinitiatives,investors’behaviourandtheeconomicaspirationsofChinaastheypertaintostockmarketefficiency.

ArticleOutline

1.Introduction

2.Financialdevelopmenttheories

3.FinancialreformandtheneedtoestablishastockmarketinChina

4.DevelopmentphasesofChina'sstockmarket

4.1.Phaseone:

earlysharesasanalternativesourceofcapital（1984–1990）

4.2.Phasetwo:

excitementoversharetradingandtheprematuregovernmentinitiative（1991–1996）

4.3.Phasethree:

enforcingregulations（1997–1999）

4.4.Phasefour:

IPOaccelerationandthegovernment'ssecondattemptatamasssell-off（1999–2001）

4.5.Phasefive:

emergenceofnewplayersandreductioninstateholdings（2002–2005）

5.Recentdevelopmentsinthestockmarket

6.Effectivenessofthestockmarket

7.Conclusion,limitationsandfutureresearch

References

Researchhighlights

China'sstockmarketispartoffinancialdevelopment,respondingtothedemandofeconomicreformandgrowth.

Themarketisadaptiveifseenasanendogenousadjustmentprocessoffinancialdevelopment.

Theeffectivenessofthemarketisattheexpenseofindividualinvestors.

5

Thecompositionofhumancapitalandeconomicgrowth:

EvidencefromChinausingdynamicpaneldataanalysis  OriginalResearchArticle

ChinaEconomicReview,Volume22,Issue1,March2011,Pages165-171

ChuanguoZhang,LihuanZhuang

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Abstract

ThisstudyexaminestheeffectofthecompositionofhumancapitaloneconomicgrowthinChina,usingtheGeneralizedMethodsofMoments（GMM）method.TheresultsshowthattertiaryeducationplaysamoreimportantrolethanprimaryandsecondaryeducationoneconomicgrowthinChina.Moreover,theroleofthecompositionofhumancapitalonregionaleconomicgrowthisrelevanttothelevelofdevelopment.Themoredevelopedprovincesbenefitmorefromtertiaryeducation,whileunderdevelopedonesdependmoreonprimaryandsecondaryeducation.

ArticleOutline

1.Introduction

2.Dataandvariables

2.1.Grossdomesticproduct,outputgapandphysicalinvestment

2.2.Humancapital

2.3.Controlvariables

3.Methodology

4.Empiricalresults

4.1.Totalsampleanalysis

4.2.Subregionalsampleanalysis

5.Conclusions

Acknowledgements

References

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ResearchHighlights

►WeexaminetheeffectofcompositionofhumancapitaloneconomicgrowthinChina.►TertiaryeducationplaysamoreimportantroleoneconomicgrowthinChina.►Themoredevelopedprovincesbenefitmorefromtertiaryeducation.►Theunderdevelopedprovincesdependmoreonprimaryandsecondaryeducation.

6

ExportSophisticationandEconomicGrowth:

EvidencefromChina  OriginalResearchArticle

JournalofDevelopmentEconomics,InPress,AcceptedManuscript,Availableonline13April2011

JoachimJarreau,SandraPoncet

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AbstractAbstract

Abstract

Weconsidertheeffectofexportsophisticationoneconomicperformancebyappealingtoregionalvariationwithinonesinglecountry（China）overthe1997–2009period.WefindevidenceinsupportofHausmann,HwangandRodrik（2007）,inthatregionsspecializinginmoresophisticatedgoodssubsequentlygrowfaster.Wefindsubstantialvariationinexportsophisticationattheprovinceandprefecturelevel,controllingforthelevelofdevelopment,andthatthissophisticationinturndrivesgrowth.Ourresultssuggestthatthesegainsarelimitedtotheordinaryexportactivitiesundertakenbydomesticfirms:

nodirectgainsresultfromeitherprocessingtradeactivitiesorforeignfirms,eventhoughthesearethemaincontributorstotheglobalupgradingofChina'sexports.Assuch,theextentofassemblytradeandforeignentitiesshouldbedistinguishedinordertomeasurethetruemovementinacountry'stechnologyandthecontributionofexportstoeconomicgrowth.

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7

Spatialpatternsandeconomiccontributionsofminingandtourisminbiodiversityhotspots:

AcasestudyinChina  OriginalResearchArticle

EcologicalEconomics,InPress,CorrectedProof,Availableonline22April2011

GanlinHuang,WeiqiZhou,SaleemAli

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Abstract

Miningactivitiesandtourismarebothgrowingfastinbiodiversityintenseareasglobally.However,thedynamicandinteractionsbetweenminingandtourismwhentheybothoccurinbiodiversityhotspots,andhowtheytogethermayimpacttheeconomyandenvironmentinthesebiodiversityrichareas,remainunclear.Thispaperexaminedhowthetwoindustriesinteractintermsoftheireconomiccontributionsandspatialpatternsinabiodiversityhotspot,Yunnan,China.Weusedcorrelationanalysestomeasuretherelationshipsbetweenminingactivities,tourismvisitsandlocalgrossdomesticproductions.Wealsoemployedadistance-basedtechniquetoinvestigatethenatureofanydependencybetweenminingandtourismsites.Resultsshowedthatminingactivitiestendtobeinrelativelyfluentareaswhiletourismtendstooccurinlessdevelopedareas.Ourresultsshowedthatthelocationoftourismandminingsitesarelikelytobeclosetooneanotherbutthetwoindustriesusuallyperformbettereconomicallywhentheyareapartfromeachother.Thesefindingscanprovideinsightsonhowminingandtourismtogethermayimpacttheeconomyandenvironmentinbiodiversityrichareas,andprovideimportantinformationformanagersandplannersonbalancingminingandtourismdevelopmentintheseareas.

ArticleOutline

1.Introduction

1.1.BiodiversityHotspotsanditsGeographicOverlapwithMiningandTourism

1.2.MiningandTourism'sImpactsonEconomyandEnvironment

2.StudySite:

Yunnan,China

3.Method

3.1.Data

3.2.CorrelationAnalysesofEconomicContributionsofTourismandMining

3.3.SpatialPatternsofTourismandMiningSites

4.Results

4.1.CorrelationsAmongMPV,ITVandGDP

4.2.SpatialPatternsofTourismandMiningSites

5.Discussion

5.1.CorrelationsAmongMining,TourismandGDP

5.2.SpatialPatternsofTourismandMiningSites

5.3.ImplicationsattheGlobalScale

5.4.Limitations

6.SummaryandConclusions

Acknowledgements

References

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Researchhighlights

►Miningismoreactiveinfluentareaswhiletourismoccursinlessdevelopedareas.►Miningandtourismsitestendtolocateclosertooneanother.►Areasrarelyhavebothindustriesperformwellintermsofeconomiccontributions.

8

Economicandproductivitygrowthdecomposition:

Anapplicationtopost-reformChina  OriginalResearchArticle

EconomicModelling,Volume28,Issues1-2,January-March2011,Pages366-373

Kui-WaiLi,TungLiu

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Abstract

ThispaperexaminesandappliesthetheoreticalfoundationofthedecompositionofeconomicandproductivitygrowthtothethirtyprovincesinChina'spost-reformeconomy.Thefourattributesofeconomicgrowthareinputgrowth,adjustedscaleeffect,technicalprogress,andefficiencygrowth.AstochasticfrontiermodelwithatranslogproductionandincorporatedwithhumancapitalisusedtoestimatethegrowthattributesinChina.Theempiricalresultsshowthatinputgrowthisthemajorcontributortoeconomicgrowthandhumancapitalisinadequateeventhoughithasapositiveandsignificanteffectongrowth.Technicalprogressisthemaincontributortoproductivitygrowthandthescaleeffecthasbecomeimportantinrecentyears.Theimpactoftechnicalinefficiencyisstatisticalinsignificantinthesampleperiod.Therelevantpolicyimplicationforasustainablepost-reformChinaeconomyistheneedtopromotehumancapitalaccumulationandimprovementintechnicalefficiency.

ArticleOutline

1.Introduction

2.Decomposinggrowthandproductivity

3.Post-reformChinaandestimationmethod

4.Empiricalresults

5.Conclusions

Acknowledgements

References

9

ApplyingintegratedDEA/AHPtoevaluatetheeconomicperformanceoflocalgovernmentsinChina  OriginalResearchArticle

EuropeanJournalofOperationalResearch,Volume209,Issue2,1March2011,Pages129-140

Ming-IanLin,Yuan-DuenLee,Tsai-NengHo

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Abstract

Thispaperaimsatintegratingdataenvelopmentanalysis（DEA）andanalytichierarchyprocess（AHP）toevaluatetheeconomicdevelopmentachievedbylocalgovernmentsinChina.Sincemostsimilarevaluationsaremulti-objectionproblems,whichbothDEAandAHParecapableofsolving,theintegrationofthesetwoapproachesissh