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The Source of Momentum for Producer Services’Growth China:A Research from the Perspective of Driving Force Decomposition
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作者 Chen Yang xiaoneng yuan 《China Finance and Economic Review》 2019年第3期75-95,共21页
Under the background of growth driving force conversion,this paper examines the source of growth in the producer services sector in China with the stochastic frontier analysis(SFA)model,using provincial service sector... Under the background of growth driving force conversion,this paper examines the source of growth in the producer services sector in China with the stochastic frontier analysis(SFA)model,using provincial service sector data during 2005-2016.Research fi ndings show that(1)the total factor productivity(TFP)of producer services in China is characterized by multi-stage changes,with technological progress being the primary driving force and industrial growth being“technology-led”.(2)Innovation,represented by increased TFP,is the leading driving force of producer services’growth and the overall structure of driving forces is reasonable;(3)the driven structure of niche industries varies greatly,and the conversion of driving forces must take into account industry characteristics;(4)as developed regions are more capable of coping with external impacts and policy stimuli,innovation is the main driving force for them,while for other regions,where innovation as a driving force is weak and old driving forces has led to extensive growth,their structure way evolve to an irrational state.It is necessary to seize opportunities to promote innovation-driven model and take producer services sector as the main battlefield for the cultivation of new driving forces,giving full consideration to the heterogeneity of different industries and regions. 展开更多
关键词 producer services replacing old growth drivers with new ones stochastic frontier analysis(SFA) total factor productivity(TFP)
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去伪存真:油价趋势与股票市场——来自“一带一路”35国的经验证据 被引量:23
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作者 朱小能 袁经发 《金融研究》 CSSCI 北大核心 2019年第9期131-150,共20页
油价波动深刻影响全球经济,严重时会造成全球股市动荡,甚至引发系统性金融风险。然而油价中的信息噪音严重阻碍国际油价对股票市场的预测效果。本文提出的移动平均法可有效减弱信息噪音,研究表明,本文基于移动平均法构建的油价趋势因子... 油价波动深刻影响全球经济,严重时会造成全球股市动荡,甚至引发系统性金融风险。然而油价中的信息噪音严重阻碍国际油价对股票市场的预测效果。本文提出的移动平均法可有效减弱信息噪音,研究表明,本文基于移动平均法构建的油价趋势因子对"一带一路"沿线国家股票市场具有良好的样本内和样本外可预测性。进一步研究发现,国际油价波动对产油国和非产油国股票市场的影响存在非对称性。本文为国际油价冲击股票市场提供了新的有力证据,同时本文研究成果提示了油价风险,对维持我国股票市场稳定,保持金融稳定具有一定意义。 展开更多
关键词 信息噪音 原油价格 一带一路
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生产性服务业与制造业协同集聚促进产业融合了吗?——基于中国地区投入产出表的研究 被引量:8
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作者 许士道 原小能 《南大商学评论》 2021年第2期22-38,共17页
产业融合是提升我国产业竞争力的有力举措,也是产业协同发展质量的重要体现。本文从产业协同发展的初级阶段即产业协同集聚出发,首先从理论上分析产业协同集聚对产业融合的影响,并基于全国30个省区市的面板数据对此进行实证检验。研究... 产业融合是提升我国产业竞争力的有力举措,也是产业协同发展质量的重要体现。本文从产业协同发展的初级阶段即产业协同集聚出发,首先从理论上分析产业协同集聚对产业融合的影响,并基于全国30个省区市的面板数据对此进行实证检验。研究结论表明:产业协同集聚对产业融合产生了显著的促进作用。分地区检验结果表明:东、西部地区的产业协同集聚促进了产业融合,但中部地区的产业协同集聚显著抑制了产业融合。进一步的作用机制检验表明,产业协同集聚通过互联网发展、产业结构升级、技术创新和FDI等多重途径促进了产业融合。 展开更多
关键词 产业协同集聚 产业融合 生产性服务业 制造业 机制检验
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