Showing papers in "Economic Theory and Business Management in 2004"

Super market contract:a special relational contract

Abstract: From the perspective of contract theory, firms' networks or the intermediate state between firms and markets can be depicted as "super market contract", which is a special market contract and is the exchange between firms owning key resources, by controlling and exporting management, and others. Self fulfillment conditions of it are private fulfillment funds, potential cooperate benefits, opportunity costs of breaking, and Williamson guarantee articles.

The government and the forming of market orders

Abstract: Market orders are mainly endogenous and evolutive, and require developing market economy The government can play the role in forming and improving the market orders Rightly division of the boundary between the government and the market is very important for developing market orders, and the government should be constitutional, restrained and supply services Supervising market orders is at the same time to supervise the government

Electric shortage , conomics growth and government regulation

Abstract: With GDP sustainable growth , supply and demand of power turn a large power surplus in 1995 to power shortage in 2003. The government regulation should be based on the long-run relationship between rate of economic growth and rate of electric demand to avoid large power surplus or shortage and therefore minimize their impacts. It is therefore, suggested that the government regulation should be taking into account the "Power First" growth strategy to realize target of economic development.

Pattern of economic internationalizing and strategy choose of chinese firms' internationalizing

Abstract: Chinese economic internationalizing since the reform has been the transit trade, with the characteristic of mainly attracting foreign direct investment, which is different from export prompting of Japan and South Korea. Chinese choose is correct for the new challenges faced by the industrializing developing countries when globalizing. Meanwhile, the present pattern of Chinese internationalizing must be upgraded. Simple transit process trade would result in bad dual economy between native and foreign capital economy, hamper the internationalizing of Chinese firms and marginalizing them. To update the internationalizing strategy, we should develop the process trade mainly composed of out-sourcing by multinational firms, and encourage buying and merger foreign resources.

Divergence of chinese regional financial growth:1978-2003

Abstract: Based on econometric analysis of effective data from 1978 to 2003, this paper gets the following outcomes about Chinese regional financial growth: there is three changes of curves while no inverse U-shape curve; in the longer run, it needs more evidences for the inverse U-shape hypothesis; imbalance of our regional financial growth would be existed for a long time, which is also supported by the evolutionary economic theory. So, the convergence of our regional financial growth should not be stressed, and modest divergence should be retained.

Negative shock of tax revenues growht to economic growth

Abstract: This paper finds that rapid growth of tax revenues since tax system reform in 1994, which results in increasing rate of total tax revenues to GDP, has negative effects on our economic growth. It decreases rate of economic growth and output after tax per capital, and besides, the negative effects in the middle and west areas are more than that in the east areas. So, it is not good to our stable and long run e-conomic growth, neither to opening the grand western areas. The government should adjust the tax policy.

Chinese industry of securities: current states and the road to the future

Abstract: For the past decade, Chinese securities companies have been running by the "channels", that is, they get profits by supplying the channels for their clients This pattern leads to not only the highly correlation of revenues to the market tends and highly instability and periodicity, hut also the homogenous business and ill competition This paper then calls for the new patterns, based on the marketizing and reorganizing, merging, innovating, and improving the principal-agent governing structures

Effective employment theory and the paradox of economic growth

Abstract: China has seen the paradox since 1997 that unemployment is not decreasing and the price level is low while the economy is growing. The macroeconomic source of them is the distorted macroeconomic relationships and abnormal effects of output on the employment and the price level. The effective employment theory argues that the microeconomic source is the low effective employment, which is the firms' internal stock resulting from the existed system of employment. If the less effective employees are released or become more effective, the productivity of labor and therefore the output will increase.

Compensating land-lost farmers when urbanizing

Abstract: This paper argues that the main problems when land-lost farmers are redeemed are: low standard and part compensations; monetary allocation is in fact not allocated: the land collect process is not transparent, farmers not informed or be allowed to voice. So, we should reform our current system of land collect and redeem, enforce the farms' land-ownerships and land-treatment rights, modify relative laws and codes; enforce the system of state-collect land for public projects, reduce the range of land col- lect; establish the system of market-collect land for business; change the measure and allocation ways of redeeming land; properly reallocate land-lost farmers.