Frontiers of Economics in China最新文献_第4页

Project Matching and Overcapacity in China 项目匹配与中国产能过剩

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2020-01-17 DOI: 10.3868/S060-008-019-0025-9

Lixue Wu, Cheng Liu

引用次数: 0

Effectiveness of Monetary Policy in China: Evidence from Factor-Augmented Vector Autoregression Model 中国货币政策有效性:来自因子增广向量自回归模型的证据

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-11-01 DOI: 10.3868/S060–008–019–0016–9

Yunpeng Sun, Jingjia Zhang

{"title":"Effectiveness of Monetary Policy in China: Evidence from Factor-Augmented Vector Autoregression Model","authors":"Yunpeng Sun, Jingjia Zhang","doi":"10.3868/S060–008–019–0016–9","DOIUrl":"https://doi.org/10.3868/S060–008–019–0016–9","url":null,"abstract":"Since 2002, the People's Bank of China has frequently used both quantity-based direct monetary instruments and price-based indirect monetary instruments to promote economic growth and stabilize price level. Specifically, this study estimates 13 three-variable factor-augmented vector autoregression (FAVAR) models to explore how two types of monetary instruments affect China's economy and price level. Overall, we find that monetary policy has positive effects on China's economy and price level. Second, this study clearly states that the effectiveness of China's monetary policy on the economy has depended on China's quantity-based direct monetary instruments since 2002. Third, the effectiveness of quantity-based direct monetary instruments on China's economy and price level is dependent on the significant and positive effects of quantity-based direct monetary instruments after the 2008 financial crisis. Fourth, the significant and positive effects of price-based indirect monetary instruments on China's economy and price level before 2008 cannot fundamentally change their current insignificant effects on China's economy and price level.","PeriodicalId":44830,"journal":{"name":"Frontiers of Economics in China","volume":"14 1","pages":"336-370"},"PeriodicalIF":0.8,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43530326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Impacts of the Contributions of FDI and Remittances on the Economic Growth in Asia and Latin America: A Comparative Study 外国直接投资和汇款对亚洲和拉丁美洲经济增长的影响:比较研究

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-11-01 DOI: 10.3868/S060–008–019–0017–6

Leo H. Chan, Maritza Sotomayor, D. Lien

{"title":"Impacts of the Contributions of FDI and Remittances on the Economic Growth in Asia and Latin America: A Comparative Study","authors":"Leo H. Chan, Maritza Sotomayor, D. Lien","doi":"10.3868/S060–008–019–0017–6","DOIUrl":"https://doi.org/10.3868/S060–008–019–0017–6","url":null,"abstract":"Foreign direct investment (FDI) and foreign remittance have been the main sources of external capital inflows for many developing countries. FDI has been credited as the main driver of rapid economic growth in many Asian countries/regions in recent decades. However, this effect of FDI on long-run economic growth has not been observed in Latin American countries. Now, the question is whether FDI and an increase in foreign remittances in the past two decades have achieved expected positive results in terms of economic growth for emerging economies. This study uses a generalized method of moments (GMM) dynamic panel model to quantify the impacts of FDI and foreign remittances as sources of foreign capital for Asia and Latin America. Our findings suggest that FDI and remittances perform differently in different regions in terms of their impacts on GDP growth. Countries that have specific policies (i.e., industrial policy, domestic content requirement, and export production targets) for FDI are likely to derive more significant benefits from FDI and remittances. Developing countries that are emerging or lagging should learn from the countries with positive outcomes and implement similar policies.","PeriodicalId":44830,"journal":{"name":"Frontiers of Economics in China","volume":"14 1","pages":"371-400"},"PeriodicalIF":0.8,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41774303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Kreps & Scheinkman with Product Differentiation Kreps & Scheinkman与产品差异化

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-07-17 DOI: 10.3868/S060-008-019-0011-4

Stephen Martin

引用次数: 1

An Agenda for Reforming Economic Theory 改革经济理论的议程

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-07-17 DOI: 10.3868/S060-008-019-0009-3

J. Stiglitz

引用次数: 13

Coordination Costs, Market Size, and the Choice of Technology 协调成本、市场规模与技术选择

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-04-16 DOI: 10.3868/S060-008-019-0008-6

Haiwen Zhou

引用次数: 2

China’s Growth Deceleration: Causes and Future Growth Prospect 中国经济增长减速:原因与未来增长前景

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-04-16 DOI: 10.3868/S060-008-019-0003-1

J. Lin

引用次数: 6

Tackle China’s Economic Complexities by Deepening Reform and Opening Up: Macroeconomic Outlook, Policy Simulations, and Reform Implementation—A Summary of the Annual SUFE Macroeconomic Report (2018–2019) 深化改革开放应对中国经济复杂性:宏观经济展望、政策模拟与改革实施——上海财经大学宏观经济报告(2018-2019)摘要

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-04-16 DOI: 10.3868/S060-008-019-0006-2

K. Huang, Guoqiang Tian, Yuqing Wang

{"title":"Tackle China’s Economic Complexities by Deepening Reform and Opening Up: Macroeconomic Outlook, Policy Simulations, and Reform Implementation—A Summary of the Annual SUFE Macroeconomic Report (2018–2019)","authors":"K. Huang, Guoqiang Tian, Yuqing Wang","doi":"10.3868/S060-008-019-0006-2","DOIUrl":"https://doi.org/10.3868/S060-008-019-0006-2","url":null,"abstract":"Faced with complicated external and internal challenges, China's economy continues to see sluggish growth in 2018. Rapid accumulation of household debts, exacerbation in income inequality, tightened real sector liquidity, escalated trade tensions with the US, and weakened external demand pose key problems in Chinai¯s macroeconomic landscape. The status quo is exacerbated by soaring uncertainty and weakening confidence in the face of persistent resource misallocations and institutional distortions, which cast more shadow on the already dampened consumer sentiment, sluggish private investment growth, and fallen foreign reserves. This summary report highlights the urgency of deeper structural reforms for tackling the various internal and external problems. Based on the IAR-CMM model, with both cyclical and secular factors taken into consideration, our baseline forecast of real GDP growth rate is 6.4% (6.1% using more reliable instead of the official data) in 2019. Alternative scenario analyses and policy simulations are conducted to assess the consequences of possible downside risks and the corresponding policy options needed to ensure the assumed growth targets. These analyses lead us to conclude that comprehensively deepening reform and opening up, which should be both rule-of-law based and market-oriented, with well-designed and well-conceived strategies that properly weigh short-, medium-, and long-term benefits and costs, should continue to be set as the guidance for Chinai¯s transformation into a phase with sustainable and high-quality growth.","PeriodicalId":44830,"journal":{"name":"Frontiers of Economics in China","volume":"14 1","pages":"80-109"},"PeriodicalIF":0.8,"publicationDate":"2019-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46484967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Growth and Cycles in China’s Unbalanced Development: Resource Misallocation, Debt Overhang, Economic Inequality, and the Importance of Structural Reforms 中国非均衡发展中的增长与周期:资源错配、债务积压、经济不平等以及结构性改革的重要性

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-04-16 DOI: 10.3868/S060-008-019-0004-8

K. Huang

引用次数: 14

The Slowdown of China’s Economic Growth in Terms of Statistics 从统计上看中国经济增长放缓

IF 0.8 4区经济学

Frontiers of Economics in China Pub Date : 2019-04-16 DOI: 10.3868/S060-008-019-0005-5

Xianchun Xu

引用次数: 3