This study examined the relationship between financial innovation and economic growth in Bangladesh,India,Pakistan,and Sri Lanka for the period Q11975 to Q42016.The autoregressive distributed lag(ARDL)bounds test was ...This study examined the relationship between financial innovation and economic growth in Bangladesh,India,Pakistan,and Sri Lanka for the period Q11975 to Q42016.The autoregressive distributed lag(ARDL)bounds test was used to gauge long-run relationships,and the nonlinear ARDL(NARDL)test was used to explore asymmetry between financial innovation and economic growth in the sample of Asian countries.The findings from the bounds tests revealed long-run cointegration between financial innovation and economic growth in the sample countries.Furthermore,NARDL confirmed that positive changes in financial innovation linked positively with economic growth and vice versa in the long run.In the short run,however,the study found mixed behaviors in the case of positive and negative changes in financial innovation.To investigate directional causality,the Granger causality test under an error correction model was employed.The Granger causality results supported the feedback hypothesis in both the long run and short run.Thus,financial innovation boosts economic growth in the long run by stimulating financial service expansion,financial efficiency,capital accumulation,and efficient financial intermediation,which are essential for sustainable economic growth.展开更多
来自美国的Jel待过的两大厂牌Mush和Anticon是专攻Abstract Hip Hop的专业唱片公司,就Jel本身的作品风格来说,虽然也是做纯器乐缓拍,但节拍音色方面始终还有点欠缺.
Jel在2002年发表了两张专辑《10 Seconds》和《Greenball》.... 来自美国的Jel待过的两大厂牌Mush和Anticon是专攻Abstract Hip Hop的专业唱片公司,就Jel本身的作品风格来说,虽然也是做纯器乐缓拍,但节拍音色方面始终还有点欠缺.
Jel在2002年发表了两张专辑《10 Seconds》和《Greenball》.当《10 Seconds》开篇曲"Multi Pitch"残阳般的Abstract Hip Hop节奏在末段悄然响起的时候,你已经知道逃脱不了Jel的音乐陷阱了.……展开更多
Quantitative study of the impact of Shanghai World Expo on green GDP （GGDP） is significant for deploying sustainable development policy in China. The formula of GGDP is： GGDP = GDP--the loss of natural resources en...Quantitative study of the impact of Shanghai World Expo on green GDP （GGDP） is significant for deploying sustainable development policy in China. The formula of GGDP is： GGDP = GDP--the loss of natural resources environment relegation cost ＋ comprehensive utilized value of waste. Based on this, the study employed vector autoregressive （VAR） model to predict the value of GGDP and other economic variables on condition that there was no Shanghai World Expo. Then Influence of Expo is defined as the rate of increase of GGDP. The result demonstrated that Shanghai World Expo had accelerated the growth rate of GGDP vastly with the elimination of effect of Beijing Olympics. Additionally, the quantitative analysis between GGDP and other economic variables suggested GGDP would replace GDP to evaluate the development of economy. Finally, the paper proposed that incidents like World Expo can enhance the level of influence for a country and that post-impact of Shanghai Expo should continue to be used to promote GGDP and that GGDP should serve as one of the indicators in assessment of political achievement.展开更多
Does public opinion influence US imports?Do countries with a good reputation export more to the US?And vice versa?Based on an extended trade gravity model,this paper employs news data from the GDELT database and US mo...Does public opinion influence US imports?Do countries with a good reputation export more to the US?And vice versa?Based on an extended trade gravity model,this paper employs news data from the GDELT database and US monthly import data to create an indicator of the influence of public opinion to examine the effects of US domestic public opinion on imports.Our research findings suggest that:(i)US public opinion influences US imports.Specifically,(ii)when public opinion turned negative during 2013-2017,it exerted a significantly negative effect on US imports;when public opinion was favorable during 2008-2012,it exerted an insignificantly positive effect on US imports.(iii)According to the pulse response function and variance decomposition,negative public opinion exerted a more significant and more lasting effect on US imports compared with positive public opinion.(iv)It can be discovered after further decomposing such effects on product categories that significant product heterogeneity exists in the public opinion effects on US imports:Complex and differentiated products are more influenced by negative public opinion while homogeneous and intermediate products are more influenced by positive public opinion.展开更多
Nowadays, more than 50% of the world population live in middle-income economies. Economies in the middle-income development stage are confronted with a number of challenges, such as economic restructuring, industrial ...Nowadays, more than 50% of the world population live in middle-income economies. Economies in the middle-income development stage are confronted with a number of challenges, such as economic restructuring, industrial upgrade and income growth. Therefore, academia around the worm have paid much attention to theoretical and empirical researches of the ＂middle income trap＂ and long-term trends of global economic growth. Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development, this paper defines the＂middle income trap＂ and its characteristics and examines, through a large number of cases from different economies, the reasons why ＂growth slowdown＂ arises during the middle-income development stage. These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the ＂middle income trap＂.展开更多
基金We do not receive any financial assistance from any agency.All the cost associated with preparing article bear by authors solely.
文摘This study examined the relationship between financial innovation and economic growth in Bangladesh,India,Pakistan,and Sri Lanka for the period Q11975 to Q42016.The autoregressive distributed lag(ARDL)bounds test was used to gauge long-run relationships,and the nonlinear ARDL(NARDL)test was used to explore asymmetry between financial innovation and economic growth in the sample of Asian countries.The findings from the bounds tests revealed long-run cointegration between financial innovation and economic growth in the sample countries.Furthermore,NARDL confirmed that positive changes in financial innovation linked positively with economic growth and vice versa in the long run.In the short run,however,the study found mixed behaviors in the case of positive and negative changes in financial innovation.To investigate directional causality,the Granger causality test under an error correction model was employed.The Granger causality results supported the feedback hypothesis in both the long run and short run.Thus,financial innovation boosts economic growth in the long run by stimulating financial service expansion,financial efficiency,capital accumulation,and efficient financial intermediation,which are essential for sustainable economic growth.
文摘 来自美国的Jel待过的两大厂牌Mush和Anticon是专攻Abstract Hip Hop的专业唱片公司,就Jel本身的作品风格来说,虽然也是做纯器乐缓拍,但节拍音色方面始终还有点欠缺.
Jel在2002年发表了两张专辑《10 Seconds》和《Greenball》.当《10 Seconds》开篇曲"Multi Pitch"残阳般的Abstract Hip Hop节奏在末段悄然响起的时候,你已经知道逃脱不了Jel的音乐陷阱了.……
文摘Quantitative study of the impact of Shanghai World Expo on green GDP （GGDP） is significant for deploying sustainable development policy in China. The formula of GGDP is： GGDP = GDP--the loss of natural resources environment relegation cost ＋ comprehensive utilized value of waste. Based on this, the study employed vector autoregressive （VAR） model to predict the value of GGDP and other economic variables on condition that there was no Shanghai World Expo. Then Influence of Expo is defined as the rate of increase of GGDP. The result demonstrated that Shanghai World Expo had accelerated the growth rate of GGDP vastly with the elimination of effect of Beijing Olympics. Additionally, the quantitative analysis between GGDP and other economic variables suggested GGDP would replace GDP to evaluate the development of economy. Finally, the paper proposed that incidents like World Expo can enhance the level of influence for a country and that post-impact of Shanghai Expo should continue to be used to promote GGDP and that GGDP should serve as one of the indicators in assessment of political achievement.
基金the Major Tendering Project of the National Social Science Fund of China(NSSFC)“Study on the Theory and Practiceof Inclusive Green Growth(19ZDA048)”the Advantageous Discipline of CASS Peak Strategy(industrial economics).
文摘Does public opinion influence US imports?Do countries with a good reputation export more to the US?And vice versa?Based on an extended trade gravity model,this paper employs news data from the GDELT database and US monthly import data to create an indicator of the influence of public opinion to examine the effects of US domestic public opinion on imports.Our research findings suggest that:(i)US public opinion influences US imports.Specifically,(ii)when public opinion turned negative during 2013-2017,it exerted a significantly negative effect on US imports;when public opinion was favorable during 2008-2012,it exerted an insignificantly positive effect on US imports.(iii)According to the pulse response function and variance decomposition,negative public opinion exerted a more significant and more lasting effect on US imports compared with positive public opinion.(iv)It can be discovered after further decomposing such effects on product categories that significant product heterogeneity exists in the public opinion effects on US imports:Complex and differentiated products are more influenced by negative public opinion while homogeneous and intermediate products are more influenced by positive public opinion.
文摘Nowadays, more than 50% of the world population live in middle-income economies. Economies in the middle-income development stage are confronted with a number of challenges, such as economic restructuring, industrial upgrade and income growth. Therefore, academia around the worm have paid much attention to theoretical and empirical researches of the ＂middle income trap＂ and long-term trends of global economic growth. Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development, this paper defines the＂middle income trap＂ and its characteristics and examines, through a large number of cases from different economies, the reasons why ＂growth slowdown＂ arises during the middle-income development stage. These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the ＂middle income trap＂.
