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25 December 2018, Volume 0 Issue 6 Previous Issue    Next Issue

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An Analysis of Convergence of China’s Regional Economic Growth ——An Empirical Analysis Based on Extended MRW Mode Li Yuxin, Wu Qingbin 2018, (6):  5-13.  doi: 10.16716/j.cnki.65-1030/f.2018.06.001 Abstract ( )   PDF (1875KB) ( )   Save On the basis of the traditional MRW model, this paper introduces three control variables, such as the degree of economic openness, the degree of marketization and the level of infrastructure construction, and constructs the extended MRW model. With the help of MATLAB software, the convergence of China’s regional economic growth in the past 1992-2016 years is calculated and analyzed. The results show that there exists positive spatial autocorrelation and significant spatial heterogeneity in the spatial distribution of per capita GDP in China’s provinces. In the long run, China’s regional economic growth is conditional convergence with a convergence rate of 3.46%. There is a significant spatial positive correlation between the growth rate of labor population, economic openness, the rate of human capital savings and the rate of material capital savings, such as the growth of China’s per capita GDP. At the same time, government consumption accounts for a high proportion of GDP and infrastructure construction has a negative effect on economic growth. References | Related Articles | Metrics

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An Analysis of Necessity and Obstacles of Macro-monetary Policy Coordination of EAEU Huang Botao 2018, (6):  14-25.  doi: 10.16716/j.cnki.65-1030/f.2018.06.002 Abstract ( )   PDF (2340KB) ( )   Save Based on the analysis of the evolution process and development status of the EAEU, this paper puts forward the main obstacles to the future development of the EAEU, that is, there are a lot of non-tariff barriers, especially in the financial field. Then based on the analysis of the reasons for the lack of macro-monetary policies coordination in the region, the results are obtained. On this basis, it is proposed that the non-tariff barriers in the financial field should be eliminated, that is, the conclusion of effective macro-monetary policy coordination should be established, and give the corresponding cuntermeasures at last. References | Related Articles | Metrics

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An Analysis of Weekday Effect of Stock-oriented Open-end Funds in China Sun Panfeng, Zhang Wenzhong 2018, (6):  26-32.  doi: 10.16716/j.cnki.65-1030/f.2018.06.003 Abstract ( )   PDF (810KB) ( )   Save In this paper, statistical knowledge and ANOVA model are used to study the weekday effect of 188 stock-oriented open-ended funds during the period between February 1st, 2016 and December 31st, 2017 from the aspect of negative return, positive return and total return respectively. The results show that the sample fund returns during the study period are different, the lowest return falls on Thursday, then Friday, Wednesday, Monday and the highest return falls on Tuesday. As a result, there is a “Thursday effect”, that is, weekly investors can effectively reduce investment costs and increase investment returns by taking Thursday as the fixed investment date. References | Related Articles | Metrics

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On Prevention and Control of Default Risk of Urban Investment Bonds in China ——Take Fujiang Province as an Example Chen Na 2018, (6):  33-41.  doi: 10.16716/j.cnki.65-1030/f.2018.06.004 Abstract ( )   PDF (1324KB) ( )   Save In the process of urbanization in China, city investment bonds have largely made up for the financing gap of infrastructure construction in China. After the financial crisis in 2008, the issuance of city investment bonds in China Grew Greatly. Due to the imperfect financial market, imperfect system and lack of laws, the default risk of city investment bonds in China is gradually exposed. This paper takes Fujian province as an example to study the risks of city investment bonds, and draws on the mature experiences of city investment bonds management in the United States to propose the risk prevention and control measures of city investment bonds in China from the perspective of relevant systems, laws and behaviors of issuing subjects. References | Related Articles | Metrics

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Suggestion on Promoting Supply-side Structural Reform of Agriculture in Xinjiang Li Huifang, Ma Yanliang 2018, (6):  42-50.  doi: 10.16716/j.cnki.65-1030/f.2018.06.005 Abstract ( )   PDF (1373KB) ( )   Save With the sustained economic and social development, the total agricultural economy in xinjiang keeps increasing, the agricultural industrial structure keeps adjusting, and the agricultural economic development has achieved remarkable results. However, xinjiang agricultural development still faces many conflicts and difficulties, the agricultural structure, product structure, mode of operation and quality safety level gradually can not adapt to the change of market demand, resources and environment pressure, continuous increase in rural incomes power shortage problem to be solved, such as the principal contradiction of agriculture by insufficient total amount become structural contradictions, periodic exceeds the demand and supply, the main aspect of contradiction is focused on the supply side. This paper analyzes the current situation of agricultural development in xinjiang and the reform process of the agricultural supply side in xinjiang, and puts forward a series of measures to expand the effective supply of agricultural products, improve the adaptability and flexibility of the agricultural supply side structure, and make the agricultural supply system better adapt to the changes in demand, aiming at the problems existing in the agricultural development in xinjiang. References | Related Articles | Metrics

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Calculation and Simulation of Ecological Compensation Quota of National Key Ecological Function Zones ——Take Altay Area as an Example Xiao Chunmei, He Wei 2018, (6):  51-63.  doi: 10.16716/j.cnki.65-1030/f.2018.06.006 Abstract ( )   PDF (7147KB) ( )   Save This paper constructs an ecological compensation standard accounting model based on the value of ecosystem services, and estimates the ecosystem service value and ecological compensation quota in the Altay area. The paper introduces a system dynamics approach and establishes a simulation model. Using 2015 as a reference year, it sets four scenarios: the baseline scenario, the enhanced protection scenario, the ideal protection scenario, and the mild development scenario for the development of ecosystem service value in the Altay area from 2015 to 2035. Estimated ecological compensation amounts under different scenarios. The results show that the amount of ecological compensation obtained in the Altay area is far from that provided by the ecological services. The autonomous region and the Central Government should increase the ecological compensation for the Altay area and maintain it to guarantee the sound and steady ecosystem development. References | Related Articles | Metrics

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Evaluation of Coupling Coordination Degree between Highway Transportation and Regional Economic Development in Xinjiang Ge Xiaoyan, Yu Ruobing 2018, (6):  64-70.  doi: 10.16716/j.cnki.65-1030/f.2018.06.007 Abstract ( )   PDF (822KB) ( )   Save Taking 15 prefectures in Xinjiang as a sample, constructing the comprehensive evaluation index system of highway transportation system and regional economic system, employing the coupling coordination degree model, this paper empirically studies the coordinated degree of highway transportation and regional economic development in Xinjiang cities from 2010 to 2014. The results show that the road transportation and regional economy in Xinjiang have a coupling development relationship. And the coupling coordination degree increases year by year,however, the overall coordination degree is lower. The coordination degree is highest in northern Xinjiang, Southern and Eastern Xinjiang are descending successively with many areas out of coordination. Finally, the corresponding recommendations are given in corresponding to the conclusions. References | Related Articles | Metrics

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Study on the Problems of Financial Cooperation Between Xinjiang and Five Central Asian Countries under the “one belt and one way” Initiative Zhu Li 2018, (6):  71-78.  doi: 10.16716/j.cnki.65-1030/f.2018.06.008 Abstract ( )   PDF (1100KB) ( )   Save Xiinjiang is the door for China to promote “The Belt and Road” Initiative. The positive role of Xinjiang’s financial industry is an important guarantee for consolidating bilateral economic and trade exchanges, and will greatly promote the implementation of the “The Belt and Road” Initiative. Therefore, this paper sorts out the current situation of Xinjiang’s financial industry implementing “The Belt and Road” Initiative from the three levels of policy formulation, institutional setup and business development, the current situation of actively promotes financial cooperation with Central Asian countries and the problems encountered in the cooperation. On the basis of this, combined with the actual situation of Xinjiang's financial industry, it puts forward the concept of deepening bilateral or multilateral financial cooperation is put forward. References | Related Articles | Metrics