Current Issue : April - June Volume : 2016 Issue Number : 2 Articles : 7 Articles
This paper presents the economic cooperation between Mainland China and Hong Kong in the past\nyears since Hong Kong�s return in commodity trade, investment, and service trade, and then calculates\nthe trade combined degree. Based on the data from 1994 to 2013, by the empirical methods\nof unit root tests, co-integration analyses, and Granger causality tests, this paper studied the\ninfluence of the commodity trade, investment, service trade on economic growth and the industrial\nstructure of Hong Kong, and draw the conclusion: the goods imports from Hong Kong to the\nmainland of China don�t show effect on the second industry, so as the service imports on GDP and\nthe tertiary industry. The commodity trade, investment and service exports from Hong Kong to the\nmainland of China have the positive effect on the GDP growth. The commodity imports of Hong\nKong, and the investment from the mainland of China promote the development of the tertiary\nindustry in Hong Kong; then the development of the third industry will promote the service exports\nfrom Hong Kong to the mainland of China....
What are the peculiar features that tend to condition the way and manner in which Nigerian government and politics\nare being studied and analyzed? Is there any encompassing analytical framework through which these peculiar features\ncan be adequately and comprehensively studied and analyzed in a manner that in turn provides informed view and\nopinion on Nigerian body politics? The article examines the form and character of politics in Nigeria using cultural\npluralism as an analytical framework. It is set against the objective of providing detailed and exhaustive analysis of\ncultural pluralism as a theoretical framework of disquisition; and determining as well its appropriateness to the study and\nanalysis of politics in Nigeria. The methodology is qualitative and hinged on descriptive examination of the concepts that\nare contained in cultural pluralism as a theoretical formulation and further analysis of the adequacy and suitability of the\nconcepts in being able to properly enhance a holistic study and analysis of the peculiar features of politics in Nigeria. It\nconcludes that in its present form, the framework is inadequate and archaic....
Barro and Sala-i-Martin analyzed the empirical determinants of growth. They used a cross-sectional empirical\nframework that considered growth from two kinds of factors, initial levels of steady-state variables and control variables\n(e.g., investment ratio, infrastructure). Recent literature suggests that education is important in determining steadystate\ngrowth. Sequeira Following Baumol, we also consider the growth regression. We extend the previous research\nfor Asian countries of Kim to developed countries. Following the implications of semi-endogenous growth theory, we\nregressed output growth on a constant, one-year lagged output (initial income) and the determinants of steady-state\nincome [investment rate, population growth, the quadratic (or linear) function of R&D intensity and human capital\nmeasured by years of schooling or enrollment rate in secondary school]. The regression suggests higher significance\nin research efforts. This contradicts with that of Sequeira, which asserts the speed is determined by only education,\npreference and technology parameter. The coefficients for the determinants of steady-state income, especially for\nthe quadratic function of R&D intensity, are significant and occur in the expected direction. Our results suggests that\nadopting appropriate growth policy related with R&D, an economy can grow more rapidly through transition dynamics\nor changing fundamentals....
We study the relationship between returns to education and the wage distribution in Europe and\nwe find evidence for a new fact: A hump-shaped relationship between returns and the wage\ndistribution. This hump-shaped relationship between returns to education and the wage\ndistribution means that investments on education contributes to increase inequality between the\nlower bound of the wage distribution and the median (roughly) but for the richer part of the\nwage distribution, education tends to decrease wage inequality. There is also evidence of a\nnon-monotonous relationship between returns to tenure and gender, on one side, and the wage\ndistribution, on the other side....
Neutrality of money has a long debate towards real output. Rational expectation theory states, money is neutral\nat all time, however, short run effect is mainly caused by the unanticipated money supply. On the opposite stance,\nbased on the theory of rational belief, money is neutral neither in short run nor long run. This paper has examined the\nlong run behaviour of monetary aggregates towards Malaysia economic through quarterly data ranging from 1996\nto 2014. Unanticipated money supply which is obtained based on Barro model; M1, M2 and M3 have been tested\nunder the Vector Error Correction Model. Time dummy has been included to accommodate the period of financial\ncrises and fixed exchange rate regime era. However, there is little evidence to support the view of neutrality of money\nhold in Malaysia. The findings provide evidence to support the decision of Malaysia authority getting out from rigid\nexchange rate policy since 2005....
The main principles in the creation of objects over the territory region of special economic zone were; cluster\napproach for ensuring optimum production communications, to provide a sustainable development of territories at their\nintensive use, to provide the balanced accounting of ecological, economic, social factors due to the constructing the\nfacilities of infrastructure....
This paper is trying to present in a modern manner the absorption of structural funds in Romania\nvs Central Eastern European countries. The methodology that we used combines quantitative\nmethods with qualitative research. It was made a detailed presentation on the amounts allocated,\ncontracted and paid in Romania and Central-Eastern European states. The EU allocated amount per\ncapita is 2504 Eur in the Czech Republic (population 10,5 mil. Inhabitants) and at the opposite site\nis Romania with 1102 Eur(population 21,4 mil. inhabitants).We also addressed issues related to\nthe perception of beneficiaries on the absorption of structural funds, problems, recommendations,\nand expectations. While most new member states focus on OP Transport and OP Environment, in\nRomania the situation has remained unchanged each year, that is Regional Operational Program\nhas top priority ahead of any operational program. The CEE allocated amount is 209,1 bil. Eur, the\ncontracted amounts are 85% and the payments are 44%. The highest contacted amounts are in\nBulgaria and Latvia and the highest payments are in Estonia and Lithuania (59%)....
Loading....