Given the great strides that China＇s education sector has made in recent decades, it can be expected that the overall workforce quality of exiting China＇s labor market in coming one or two decades will be relatively...Given the great strides that China＇s education sector has made in recent decades, it can be expected that the overall workforce quality of exiting China＇s labor market in coming one or two decades will be relatively low, while the overall quality of workforce newly entering into China＇s labor market will be high. As the new, bettereducated generation takes over, China＇s workforce quality will be vastly improved. This in turn will promote economic growth. We refer to economic growth arising from improved workforce quality as qualitative demographic dividend. Using the computable general equilibrium （CGE） model, this paper investigates the relationship between workforce quality improvements and economic growth. According to the model＇s results, an improvement in workforce quality will raise the economic growth rate by about two percentage points per annum between 2016 and 2020 and by 10 percentage points cumulatively by 2020. In other words, GDP will be 1.1 times the level of baseline GDP by 2020 due to the improved education levels. Given different production functions across sectors, the improvement of workforce quality will affect different sectors in different ways. On the whole, the improvement of workforce quality is more favorable to the development of capital-intensive sectors and sectors with rapid technology progress. According to this paper, considering the improvement of workforce quality, we cannot conclude that China＇s potential economic growth rate has already begun to decline. Despite diminishing conventional quantitative demographic dividends, China ＂s qualitative demographic dividends will keep rising. Qualitative demographic dividends will further push forward China＇s industrial restructuring and the strategic transition of industrial competitiveness from quantitative to qualitative and from an extensive to an intensive pattern of development.展开更多
In this paper,under the assumption that the labor force function increases strictly and is bounded and the labor force growth rate function decreases monotonically from a positive value to zero,we obtain an improved S...In this paper,under the assumption that the labor force function increases strictly and is bounded and the labor force growth rate function decreases monotonically from a positive value to zero,we obtain an improved Solow Swan model. We prove that the per capita capital trends stabilitily to the steady state of the classical Solow Swan model with zero the labor force growth rate. Two comparison theorems,a limited theorem and a stability theorem are given. At the end of this paper,we give an example and discuss the economic meaning of this model and the theorems.展开更多
This paper, based on the investigation of the statistics in the years of 1980-2005, using Shift-Share Method model, studies systematically the relation between the evolution of industrial structure and regional econom...This paper, based on the investigation of the statistics in the years of 1980-2005, using Shift-Share Method model, studies systematically the relation between the evolution of industrial structure and regional economic growth in five economic regions in He＇nan to offer the foundation of policy for optimizing the industrial structure and promoting regional economic development in phase, and thereby comes to the conclusions： （1） the industrial structure level of He＇nan, in comparison with the evolution of the industrial structure across the country, remains low, but yet the evolutional tendency of industrial structure in He＇nan complies with the Clark taw of the industrial structure evolution; （2） the spatial difference of He＇nan industrial structure evolution is comparatively large, （3） the evolution of industrial structure in He nan that influences economic growth can be categorized into three types： in eastern and southern regions, the shift-share of the industrial structure is negative, and the shift-share model of competitiveness is negative, in western and central regions, the shift.share of the industrial structure is positive, and the shift-share model of competitiveness is positive; in northern regions; the shift-share of the industrial structure is positive, and the shift-share model of competitiveness is negative： （4） the evolution of industriai structure influences greatly the development of the regional economy of He nan As the results of the researches shown, it can innovation of He＇nan tra：ditional industry with high-tech the vast development of the tertiary industry, the expansion of He＇nan overall level o industrial structure, the growth of deep-processing manufacturing of agricultural products, and the increase of He＇nan agricultural products subsidiary value Will be the strategic choices of the rearrangement of He＇nan industrial structure.展开更多
Today the one of the main social problem is employment. It is very important that how to treat with the relations among growth rates of economy, reformation strength and good employment and find the key point of macro...Today the one of the main social problem is employment. It is very important that how to treat with the relations among growth rates of economy, reformation strength and good employment and find the key point of macro control. In this paper the relationship among the employment of each industries, population, GDP and total investment in fixed assets is studied by mathematical modeling and applied mathematical statistics analysis. It is drawn that the outline of growth rates of employed persons in recent years. By these analyses our point view is to develop the tertiary industry so as to enhance the growth rates of employed persons when the economic increasing keeps appropriate rate.展开更多
Every bigger economic crisis, as the current one, to separate national economies as well. However, leaves behind a huge material damage to the world economy and such crises remind national authorities of the mistakes ...Every bigger economic crisis, as the current one, to separate national economies as well. However, leaves behind a huge material damage to the world economy and such crises remind national authorities of the mistakes done in the past while creating and running macroeconomic policy and teach them how they should overcome these crises in the upcoming period. The economic growth model of the selected South Eastern European （SEE） economies （Albania, Bosnia, Macedonia, Serbia, Slovenia, Croatia, Bulgaria, and Montenegro） during pre-global economic crisis was based mainly on foreign demand and capital inflows which created big external imbalances in those countries. It was the main reason why those countries were exposed to big vulnerability of external shocks. But, the crisis reshapes the world economic map. Competition on world markets gets new forms and players. The lessons learnt from economic crisis say that there is a need for revising the pre-crisis economic growth model in the selected countries as they are less vulnerable to external shocks. New economic model will enable their long-lasting and more sustainable economic growth in the future. One approach of remodeling their economy is presented in this paper. The main finding of this research is that instead of experiencing external ＂push＂ factors for economic growth by the governments, a promotion of internal resources is needed in order to enable ＂the catching up＂ process of these countries to continue. But, all those countries are members or candidates for becoming European Union （EU） members. That means there is no room for application on entirely new economy growth model, since those countries have to create economic model which has to be convergent to the EU one. There must be different approaches by individual countries in remodeling their economies. The findings of this survey are intended to remind the policy makers of the selected SEE countries of the mistakes they made before and during the economic crisis and the need and directions for remodeling their economies in the post-crises period that will enable their long-lasting and more sustainable economic growth in the future. The position assumed for this research is interpretative using qualitative methods of research. In order to ensure comparability among results, the proposed methodological design will be multiple-case study research on the selected SEE economies.展开更多
This paper develops mathematically and empirically tractable regional and interregional model of economic devel-opment with increasing returns to scale (IRS) under the neoclassical assumptions. A one-sector, two-regio...This paper develops mathematically and empirically tractable regional and interregional model of economic devel-opment with increasing returns to scale (IRS) under the neoclassical assumptions. A one-sector, two-region model in which one region exhibits IRS is presented and the whole nation presents constant returns to scale. The development of the local IRS economy is shown to be constrained to a “moving equilibrium” path. The preliminary empirical results are sufficiently supportive of the argument to encourage further research along the lines of the model. In particular, the neoclassical model does not predict negative coefficients on the real rental value of capital in regressions explaining population or employment relative to that in the nation.展开更多
The authors intend to contribute in this paper towards a debate on the consequences of external financing needs of small and medium enterprises （SMEs） regarding its economic growth. The authors＇ research differs fo...The authors intend to contribute in this paper towards a debate on the consequences of external financing needs of small and medium enterprises （SMEs） regarding its economic growth. The authors＇ research differs for using like proxy of external financing dependence of SMEs the flows of investments that cannot be financed with generated cash flows. The results thus obtained show that financial dependence accounts for economic growth of SMEs, and that there are other variables of control of significance such as those of financial development. The authors present evidence on better soundness achievement about conclusions pertaining to SMEs if they obtained results emerge from independent sub-sectors in SMEs, especially in those countries with a higher percentage of small-sized companies, which do not answer in the same way to the considered model展开更多
文摘Given the great strides that China＇s education sector has made in recent decades, it can be expected that the overall workforce quality of exiting China＇s labor market in coming one or two decades will be relatively low, while the overall quality of workforce newly entering into China＇s labor market will be high. As the new, bettereducated generation takes over, China＇s workforce quality will be vastly improved. This in turn will promote economic growth. We refer to economic growth arising from improved workforce quality as qualitative demographic dividend. Using the computable general equilibrium （CGE） model, this paper investigates the relationship between workforce quality improvements and economic growth. According to the model＇s results, an improvement in workforce quality will raise the economic growth rate by about two percentage points per annum between 2016 and 2020 and by 10 percentage points cumulatively by 2020. In other words, GDP will be 1.1 times the level of baseline GDP by 2020 due to the improved education levels. Given different production functions across sectors, the improvement of workforce quality will affect different sectors in different ways. On the whole, the improvement of workforce quality is more favorable to the development of capital-intensive sectors and sectors with rapid technology progress. According to this paper, considering the improvement of workforce quality, we cannot conclude that China＇s potential economic growth rate has already begun to decline. Despite diminishing conventional quantitative demographic dividends, China ＂s qualitative demographic dividends will keep rising. Qualitative demographic dividends will further push forward China＇s industrial restructuring and the strategic transition of industrial competitiveness from quantitative to qualitative and from an extensive to an intensive pattern of development.
文摘In this paper,under the assumption that the labor force function increases strictly and is bounded and the labor force growth rate function decreases monotonically from a positive value to zero,we obtain an improved Solow Swan model. We prove that the per capita capital trends stabilitily to the steady state of the classical Solow Swan model with zero the labor force growth rate. Two comparison theorems,a limited theorem and a stability theorem are given. At the end of this paper,we give an example and discuss the economic meaning of this model and the theorems.
基金supported by National Natural Sci-ence Foundation of China (Grant No.70173022).
文摘This paper, based on the investigation of the statistics in the years of 1980-2005, using Shift-Share Method model, studies systematically the relation between the evolution of industrial structure and regional economic growth in five economic regions in He＇nan to offer the foundation of policy for optimizing the industrial structure and promoting regional economic development in phase, and thereby comes to the conclusions： （1） the industrial structure level of He＇nan, in comparison with the evolution of the industrial structure across the country, remains low, but yet the evolutional tendency of industrial structure in He＇nan complies with the Clark taw of the industrial structure evolution; （2） the spatial difference of He＇nan industrial structure evolution is comparatively large, （3） the evolution of industrial structure in He nan that influences economic growth can be categorized into three types： in eastern and southern regions, the shift-share of the industrial structure is negative, and the shift-share model of competitiveness is negative, in western and central regions, the shift.share of the industrial structure is positive, and the shift-share model of competitiveness is positive; in northern regions; the shift-share of the industrial structure is positive, and the shift-share model of competitiveness is negative： （4） the evolution of industriai structure influences greatly the development of the regional economy of He nan As the results of the researches shown, it can innovation of He＇nan tra：ditional industry with high-tech the vast development of the tertiary industry, the expansion of He＇nan overall level o industrial structure, the growth of deep-processing manufacturing of agricultural products, and the increase of He＇nan agricultural products subsidiary value Will be the strategic choices of the rearrangement of He＇nan industrial structure.
文摘Today the one of the main social problem is employment. It is very important that how to treat with the relations among growth rates of economy, reformation strength and good employment and find the key point of macro control. In this paper the relationship among the employment of each industries, population, GDP and total investment in fixed assets is studied by mathematical modeling and applied mathematical statistics analysis. It is drawn that the outline of growth rates of employed persons in recent years. By these analyses our point view is to develop the tertiary industry so as to enhance the growth rates of employed persons when the economic increasing keeps appropriate rate.
文摘Every bigger economic crisis, as the current one, to separate national economies as well. However, leaves behind a huge material damage to the world economy and such crises remind national authorities of the mistakes done in the past while creating and running macroeconomic policy and teach them how they should overcome these crises in the upcoming period. The economic growth model of the selected South Eastern European （SEE） economies （Albania, Bosnia, Macedonia, Serbia, Slovenia, Croatia, Bulgaria, and Montenegro） during pre-global economic crisis was based mainly on foreign demand and capital inflows which created big external imbalances in those countries. It was the main reason why those countries were exposed to big vulnerability of external shocks. But, the crisis reshapes the world economic map. Competition on world markets gets new forms and players. The lessons learnt from economic crisis say that there is a need for revising the pre-crisis economic growth model in the selected countries as they are less vulnerable to external shocks. New economic model will enable their long-lasting and more sustainable economic growth in the future. One approach of remodeling their economy is presented in this paper. The main finding of this research is that instead of experiencing external ＂push＂ factors for economic growth by the governments, a promotion of internal resources is needed in order to enable ＂the catching up＂ process of these countries to continue. But, all those countries are members or candidates for becoming European Union （EU） members. That means there is no room for application on entirely new economy growth model, since those countries have to create economic model which has to be convergent to the EU one. There must be different approaches by individual countries in remodeling their economies. The findings of this survey are intended to remind the policy makers of the selected SEE countries of the mistakes they made before and during the economic crisis and the need and directions for remodeling their economies in the post-crises period that will enable their long-lasting and more sustainable economic growth in the future. The position assumed for this research is interpretative using qualitative methods of research. In order to ensure comparability among results, the proposed methodological design will be multiple-case study research on the selected SEE economies.
基金Project (No. 362211) supported by the Social Science Foundation of Zhejiang Province, China
文摘This paper develops mathematically and empirically tractable regional and interregional model of economic devel-opment with increasing returns to scale (IRS) under the neoclassical assumptions. A one-sector, two-region model in which one region exhibits IRS is presented and the whole nation presents constant returns to scale. The development of the local IRS economy is shown to be constrained to a “moving equilibrium” path. The preliminary empirical results are sufficiently supportive of the argument to encourage further research along the lines of the model. In particular, the neoclassical model does not predict negative coefficients on the real rental value of capital in regressions explaining population or employment relative to that in the nation.
文摘The authors intend to contribute in this paper towards a debate on the consequences of external financing needs of small and medium enterprises （SMEs） regarding its economic growth. The authors＇ research differs for using like proxy of external financing dependence of SMEs the flows of investments that cannot be financed with generated cash flows. The results thus obtained show that financial dependence accounts for economic growth of SMEs, and that there are other variables of control of significance such as those of financial development. The authors present evidence on better soundness achievement about conclusions pertaining to SMEs if they obtained results emerge from independent sub-sectors in SMEs, especially in those countries with a higher percentage of small-sized companies, which do not answer in the same way to the considered model
