中国经济学人

  • China's National Income Distribution in the New Normal:Characteristics,Contradictions and Reforms

    刘伟;蔡志洲;

    This paper discusses the evolution and characteristics of China's national income distribution structure after the dawn of the new century and particularly in China's new normal of social and economic development. This paper casts light on the profound national income distribution and redistribution effects of changing ownership and economic reforms, as well as the microscopic household income distribution effects of changes in macroscopic distribution structure. Based on an analysis of changes in macroscopic distribution pattern, this paper explains the structural contradictions of national income distribution in China and their effects on China's economy, providing a theoretical analysis of income distribution for deepening supply-side structural reform.

    2018年02期 v.13 2-16页 [查看摘要][在线阅读][下载 1000K]
  • 第二届“全国产业经济学博士后论坛”征文通知

    <正>为进一步提高博士后培养质量,培养具有创新精神的高层次人才,由中国社会科学院、全国博士后管理委员会、中国博士后科学基金会共同主办,中国社会科学院博士后管理委员会、中国社会科学院工业经济研究所承办第二届"全国产业经济学博士后论坛",论坛拟于2018年5月在北京举行。论坛将邀请全国专家和学者、国内各高校、科研机构的博士后及青年学者出席。论坛组委会将评选"第二届全国产业经济学博士后论坛优秀论文奖",其中一等奖论文将推选到《中国工业经济》、《经济管理》、《中国经济学人》(英

    2018年02期 v.13 17页 [查看摘要][在线阅读][下载 41K]
  • Deleveraging: Definition, Priorities and Policy Options

    王国刚;

    Dividing aggregate liabilities by GDP is not an appropriate method for calculating the leverage ratio, and may mislead deleveraging operations. In terms of an intrinsic mechanism, an appropriate measure of leverage ratio should be the liability/asset ratio. In their business operations, it is inevitable for real-economy enterprises to incur liabilities arising from business and financial transactions. Therefore, the significance of deleveraging operations is to reduce the leverage ratio below a certain threshold to effectively prevent risks arising from an excessive leverage ratio, rather than to reduce the liability ratio of real-economy enterprises to zero. For real-economy enterprises, a key question is how to adjust their debt structure by reducing current liabilities and increasing mid-and long-term liabilities. The debt structure of real-economy enterprises is primarily determined by their financial structure. Hence, it is essential to adjust the financial structure in order to improve the debt structure of real-economy enterprises and increase the share of direct finance. Various risks exist in the combination of shares and bonds within the banking system, investment-lending linkage and market-based debt-to-equity operations, which are options in reducing the leverage ratio for real-economy enterprises. From the standpoint of giving play to capital market functions, it is advisable to increase the issuance of midand long-term corporate bonds and preferred stock, restrict non-financial listed companies from engaging in financial operations and the shareholders of listed companies from selling shares, encourage equity investment institutions to enhance equity investment in realeconomy enterprises, and further develop the financing function of the stock market.

    2018年02期 v.13 18-26页 [查看摘要][在线阅读][下载 699K]
  • Social Sciences in China

    <正>Social Sciences in China is a peer-reviewed Quarterly academic journal published since 1980 by the Social Science in China Press on behalf of the Chinese Academy of Social Sciences.It is the foremost English journal focusing on recent important developments across the breadth of social sciences and humanities in China.

    2018年02期 v.13 27页 [查看摘要][在线阅读][下载 379K]
  • Market-Based Solutions to Overcapacity:Principles and Measures

    刘戒骄;王振;

    This paper takes stock of theoretical economic analyses of overcapacity,reveals the factors that induce actual capacity to deviate from market equilibrium, examines market-based mechanisms to resolve overcapacity, and identifies long-term mechanisms and assurances for market-based solutions to overcapacity. Given the limitations of market mechanism and the government's role, neither the market nor the government is able to resolve the problem of overcapacity on its own. In resolving overcapacity, market and the government should play their respective roles rather than replace one another. While the market is a dominant force in regulating capacity and achieving supply and demand equilibrium, the government should provide institutional assurances for effective market operation. Market-based solutions to overcapacity require the government to provide institutional assurances and create a system where market entities decide to enter and exit the market under effective restraints and incentives with a clear boundary.

    2018年02期 v.13 28-39页 [查看摘要][在线阅读][下载 1084K]
  • Value-Added Trade and Evolution of China's Comparative Advantages

    文东伟;

    Based on heterogeneity in firm's sales destinations and trade patterns, this paper estimates China's ratio of value-added exports(RVAE) using value-added trade accounting, and discusses the evolution of China's comparative advantages from the perspective of value-added trade. Our research findings suggest that without taking into account heterogeneity in firm's sales destinations and trade patterns,China's RVAE will be overestimated. Conventional gross trade accounting underestimates the export competitiveness of China's labor-intensive and capital intensive sectors, but overestimates the export competitiveness of China's technology-intensive sectors,which leads to a significant reversal of comparative advantages. Conventional gross trade accounting method overestimates the trade surplus of China's manufacturing and technology-intensive sectors with the US by about 60% and 85% respectively.

    2018年02期 v.13 40-53页 [查看摘要][在线阅读][下载 1457K]
  • Employment and Wage Effects of RMB Exchange Rate for Manufacturing Sectors in China and the US

    徐伟呈;

    By creating a labor market dynamic general equilibrium model, this paper derives the pass-through mechanism of exchange rate's employment and wage effects,carries out an empirical study on the employment and wage effects of RMB exchange rate for manufacturing sectors in China and the United States based on ridge regression, and examines the role of industry characteristics in this process. Research findings suggest that: RMB depreciation will drive employment and wage growth for most of China's laborintensive manufacturing sectors, and RMB appreciation will increase employment for certain capital-and technology-intensive sectors; but RMB depreciation has insignificant employment and wage effects for most sectors in the US. Hence, in achieving the longterm stability of RMB exchange rate, China should take advantage of RMB appreciation's manufacturing upgrade effect and ensure the steady growth of manufacturing employment.The US should make breakthroughs in various links of its economic development in order to tackle unemployment, instead of blaming RMB exchange rate. In addition, the nature of business activities and trade union characteristic are both significant factors that lead to differences in inter-sector employment levels of Chinese and US manufacturing sectors.Technology characteristic and other monopolistic characteristics exert decisive effects on the difference of wage return for various sectors in China and the US.

    2018年02期 v.13 54-68页 [查看摘要][在线阅读][下载 870K]
  • 第七届“蒋一苇企业改革与发展学术基金奖”获奖成果公告

    <正>根据《蒋一苇企业改革与发展学术基金章程》,蒋一苇企业改革与发展学术基金主要用于奖励对我国企业管理和企业改革理论发展做出突出贡献的研究成果,旨在推动中国管理学理论发展和实践应用。第七届"蒋一苇企业改革与发展学术基金奖"评奖活动于2017年6月至2017年12月进行,颁奖典礼于2018年2月2日举行。第七届"蒋一苇企业改革与发展学术基金奖"分设"管理学学术研究奖"和"企业改革与发展研究奖"两个奖项。其中,"管理学学术研究奖"的宗旨是推动中国情境下的管理学理论研究,

    2018年02期 v.13 69页 [查看摘要][在线阅读][下载 63K]
  • China's Land System and Its Extraordinary Infrastructure Development

    岑树田;

    Over the past two decades, China's infrastructure development has been extraordinary in the sense that it far exceeds GDP growth rate and unconventional in the sense that it cannot be explained with existing theories on infrastructure development.This paper found that the transformation of China's land system is an important clue:China's extraordinary infrastructure development is a result that can be explained with the transformation of its land system. Theoretically, this paper proves that with other conditions held constant, the difference of land systems has a significant effect on the optimal infrastructure supply of regions. Empirically, it can be found through the test of cross-country panel data that the transformation of China's land system around the 1990 s indeed exerted an overall impact on China's extraordinary infrastructure development. This paper implies that China's "land-supported infrastructure development" model has been pivotal to its extraordinary infrastructure development. Under the Belt and Road Initiative,China's experience of land-supported infrastructure development is of broad significance for developing countries to boost their infrastructure development.

    2018年02期 v.13 70-86页 [查看摘要][在线阅读][下载 1816K]
  • Chinese Social Science Digest

    <正>Chinese Social Science Digest(CSSD),started in 2000,is a Chinese journal published by Social Sciences in China Press under the administration of Chinese Academy of Social Sciences.The journal publishes a significant number of high quality research articles excerpted from a variety of humanities and social sciences journals.Its

    2018年02期 v.13 87页 [查看摘要][在线阅读][下载 578K]
  • Environment, Health and Economic Growth: Study on Optimal Energy Tax Revenue Distribution

    陈素梅;何凌云;

    Under the dual pressures of economic growth and environmental protection,how to curb pollution and raise public welfare without harming the economy or with minimal economic output losses has become a major question facing China in its efforts to transform growth pattern and accomplish economic transition. On the basis of an overlapping generation(OLG) model, this paper introduces the health effects of environmental pollution to systematically discuss the optimal distribution ratio of energy tax revenues in subsidizing household income and emission abatement under given tax rates to reduce the risks of "environment-health-poverty" trap. Our research shows that an optimal distribution ratio for maximizing per capita output or an optimal distribution ratio for maximizing public welfare exists. Based on China's actual parameters, however, this study has found that China's energy tax revenue distribution policy hardly meets the two optimal targets at the same time. Specific distribution ratio is subject to government decision-making preference, and needs to be adjusted according to actual differences.

    2018年02期 v.13 88-103页 [查看摘要][在线阅读][下载 1906K]
  • Effects of Changing Relative Value of Mininimum Wages on Wage Distribution in China:Analysis Based on County-Level Data

    刘柏惠;寇恩惠;

    On the basis of extending Lee's(1999) model, this paper resolves the problem of biased division in the specification of equation and employs Urban Household Survey(UHS) data,China Household Income Project(CHIP) data and county-level minimum wage data collected by authors to investigate the wage distribution effects of change in the effective minimum wages measured by relative value. The result shows that the effective minimum wage will exert a significant spillover effect on wage distribution at the40 th percentile and below, which is favorable to reducing wage gaps at the bottom. This conclusion holds true under various robustness tests. However, the shrinking effective minimum wage has created a downward drag on wages, thus widening wage gaps at the bottom. The shrinking effective minimum wage contributed 150%,53.8%,45.5% and16.7% to the wage gaps at the 10 th, 20 th, 30 th and 40 th percentiles compared with the 50 th percentile. Therefore, the key to ensuring the effectiveness of minimum wages lies in the implementation of an automatic adjustment mechanism correlated with macroeconomic indicators. Compliance with minimum wages must be guaranteed and change in minimum wages must be measured with relative value.

    2018年02期 v.13 104-118页 [查看摘要][在线阅读][下载 1048K]
  • 中国社会科学院工业经济研究所建所40周年庆

    <正>2018年4月5日,中国社会科学院工业经济研究所将迎来建所40周年纪念日。借此契机,我们谨向在工业经济研究所工作过或学习过的同志们、同学们,致以最亲切的问候,对长期以来关心、支持和推动工业经济研究所发展的各位领导、专家、学者和社会各界的朋友们致以最诚挚的感谢。40年前,经由党中央、国务院主要领导批准,工业经济研究所创建并确立了投身于中国经济发展和经济改革研究事业的组织使命,致力于研究中国工业管理与工业改革的重大问题、热点问

    2018年02期 v.13 119页 [查看摘要][在线阅读][下载 49K]
  • New-look China Economist for 2018 SUBSCRIBE now!

    <正>China Economist produces a total of six issues per year,published on the 8~(th)of odd months,cover price RMB198(USD50)per issue.One-year subscription rate(Print)Chinese Mainland:RMB1188 including postage Out of Chinese Mainland:USD500 including postage One-year subscription rate(PDF format)USD300

    2018年02期 v.13 121页 [查看摘要][在线阅读][下载 207K]
  • Annual Data

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    2018年02期 v.13 122页 [查看摘要][在线阅读][下载 718K]
  • Monthly Data

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    2018年02期 v.13 123页 [查看摘要][在线阅读][下载 682K]
  • China Industrial Economics

    <正>China Industrial Economics(CIE)is a national academic monthly journal sponsored by the Institute of Industrial Economics of the Chinese Academy of Social Sciences.Committed to exploring theories and facilitating their application,CIE was founded with the mission to publish the latest research results of industrial economics and business administration.It serves as a window for international scholars and managers to keep updated about China's industrial economics and business administration.

    2018年02期 v.13 124页 [查看摘要][在线阅读][下载 733K]
  • 中國工業经济

    <正>《中国工业经济》,原名《中国工业经济学报》,1984年由著名经济学家蒋一苇创办。现为中国社会科学院主管、中国社会科学院工业经济研究所主办,是全国产业经济、企业管理领域的权威学术期刊。本刊大16开本,160页整,整个设计简洁、大气、厚重。创刊以来,《中国工业经济》本着"理论顶天,实践立地"的理念刊发论文,选题具有前瞻性,内容具有原创性,论证具有严谨性,结论具有实用性,其最大特色是:①思想和方法融为一体。本刊坚决抵制

    2018年02期 v.13 125页 [查看摘要][在线阅读][下载 59K]
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