Institutional quality,financial development and sustainable economic growth among lower income countries

This article postulates strong endogenous relationships in lower income countries between institutional quality, financial development and sustained economic growth. These associations were investigated using the vector-error correction model (VECM) and Granger causality method for a sample of 79 countries from 2005 to 2022. The findings show that (1) these variables reinforce each other in the short run. (2) In the long run, both institutional quality and financial development can fuel economic growth. (3) The positive effect of institutional quality on economic growth is greater than that of financial development. Policy implications of these findings are that careful attention should be paid to co-development policies to enhance the institutional quality and the financial system in these economies. Policies should also consider economic growth strategies to enable sustainable economic growth rates.     

Difference in the net value of ecological services between natural and artificial forests in China

Land degradation is a global problem that seriously threatens human society. However, in China and elsewhere, ecological restoration still largely relies on a traditional approach that focuses only on ecological factors and ignores socioeconomic factors. To improve the effectiveness of ecological restoration and maximize its economic and ecological benefits, a more efficient approach is needed that provides support for policy development and land management and thereby promotes environmental conservation. We devised a framework for assessing the value of ecosystem services that remain after subtracting costs, such as the opportunity costs, costs of forest protection, and costs for the people who are affected by the program; that is, the net value of ecosystem services (NVES). To understand the difference between the value of a resource and the net value of the ecosystem service it provides, we used data on VES, timber sales, and afforestation costs from China's massive national afforestation programs to calculate the net value of forest ecosystem services in China. Accounting for the abovementioned costs revealed an NVES of ¥6.1 × 10¹² for forests in 2014, which was 35.9% less than the value calculated without accounting for costs. As a result, the NVES associated with afforestation was 55.9% less than the NVES of natural forests. In some regions, NVES was negative because of the huge costs of human-made plantations, high evapotranspiration rates (thus, high water opportunity costs), and low forest survival rates. To maximize the ecological benefits of conservation, it is necessary to account for as many costs as possible so that management decisions can be based on NVES, thereby helping managers choose projects that maximize both economic and ecological benefits.     

人口老龄化背景下的经济对策与产业选择

面对人口老龄化对经济发展的影响．应以养老和健康保障为先导．逐步加大对社会保障基金的投入．充实基本养老保险和医疗保险基金．建立和完善与生产力发展水平相适应的社会保障制度．继续推进社会保障社会化和产业结构调整的力度．建议政府应大力发展老龄产业。政府必须从实际出发．坚持科学发展观．逐步建立和完善老年社会养老制度和福利制度．根据老年消费市场状况．规范、引导投资．调整、优化产业结构用产业化、市场化、社会化的新运行机制．推进安老、养老产业的发展．根据老年人的不同需求，有计划的发展老龄产业、开发老年用品．增设老年服务项目．满足老年人在物质和文化方面的发展需要．以促使人口老龄化与经济的协调发展。     

Economies of scale in global iron-making

In this paper, we investigate the presence of economies of scale in the global iron-making industry for integrated steel plants, iron making being the first stage in the steel-making process. Iron making depends on basic commodities, such as iron ore, coke and various forms of energy, required in the operation of the blast furnace, which can be classified as essential inputs and used in fixed proportions to produce iron. A generalized Leontief cost function is estimated using panel data for 69 integrated plants, such a specification being appropriate for technologies with essential inputs that are used in fixed proportions in production. A significant scale effect is observed due to the existence of fixed costs and a linear dependence of the cost function on production. Under a simple linear cost function, a rough estimate of the breakeven scale of plant, where costs equal revenue, is 4.5 Mt per year. Competitiveness, as measured by the ratio of plant average cost per tonne to best practice cost per tonne, can be shown to be positively related to the scale of production as well as the cost of essential inputs. Therefore, low-cost producers are also often producers with low raw material costs and production levels below the estimated breakeven scale of operation. Labor costs, although significant, are comparatively less important as a driver towards low costs.     

关于长江产业带建设总体布局的初步思考

重点开发长江是90年代中国经济重大战略布署。将长江产业带建设成具有强大经济实力的国家一级经济轴线,宜采用分层次推进与中心辐射相结合的发展战略,以浦东开发和三峡建设为契机,加强基础产业,发展新兴产业和第三产业,优化产业结构,以能源和交通建设先行,改善基础设施。同时,要协调产业带建设与浦东开发、三峡工程建设的关系。     

三峡工程与长江中游沿江产业带建设

讨论了长江中游沿江产业带发展条件、限制因素和未来发展，指出三峡工程的建设将对长江中游产业的布局和经济发展带来深刻的变化；防洪作用促进中游两岸大型工业项目的兴建，调整现有沿江城镇的布局，使之结构趋于合理化；电力供应经解能源的紧张状态，改善航运条件，发挥长江黄金水道的综合效益。当然，由于坝下河道冲刷，对现有的码头带来一定的影响，由于冬季水位抬升引起两岸低湖田地下水位上升，加剧两岸土壤潜育化和沼泽化。     

Study on Assessing Economic Vulnerability of Small Island Regions

The main purpose of this study is to assess economic vulnerability of small island development regions as part of their sustainability constraints. By combining economic and environmental time series data, we assessed a composite index of economic vulnerability which is constructed from three exogenous variables, namely economic exposure, economic remoteness, and economic impact of environmental and natural disasters. We used the Amami Islands, Kagoshima Prefecture, Japan as the case studies for this paper.The results indicated that using a gross island products based valuation index, Kikaijima is the most vulnerable island in the Amami Islands with a composite economic vulnerability index (CEVI) value of 0.678, while by using a per capita based index, Okinoerabujima is considered the most vulnerable island with a CEVI value of 0.680. From the results we also revealed that smaller islands have relative higher vulnerability than the bigger one, which also confirms some previous country-level vulnerability studies.However, it is matter of fact that some islands that have relatively high vulnerability also have good economic performance as shown by their per capita income. In this regard, it can be argued that the success of these small islands could have been achieved in spite of and not because of their inherent vulnerability conditions as an indicator of sustainability constraint. Regarding these findings, we also examined a comparison between vulnerability results and the preliminary concept of an island's resilience in order to capture another perspective on sustainability assessment in a small island region.     

日本国土开发利用及对我国的启示

日本在战后经历了经济高速增长，工业化和城市化快速推进的发展历程，其间土地利用在结构、规模、价格、集约利用等方面发生了巨大变动。本文全面分析了二战之后，日本在经济高速增长、产业结构巨大变动、城市化迅速推进的发展过程中．农业用地、工业用地和城市用地在结构、规模、价格、集约利用程度等方面的特征；日本政府针对经济发展和土地利用的变动和影响。制订的一系列规划调整措施和政策法规体系。通过以上分析，探讨日本在有限的土地资源条件下实现经济高速增长的原因、途径和措施，以及对我国的启示。     

中国人力资本积累的空间特征及其对经济增长的影响

教育是一个国家或地区积累人力资源的重要途径之一,也是经济可持续发展的重要基础.通过空间计量经济学方法和模型,以2000年中国县级数据为对象,进行实证研究分析,发现在中国经济可持续发展过程中,通过教育而积累的人力资本存量的作用不容忽视.教育发展对经济增长的影响会因性别不同而有所差异,男性平均接受教育的年限和女性接受教育的年限对经济增长的影响都是正向且显著,但前者贡献更大.此外,中国教育发展具有明显的空间聚集效应,在地区教育发展模式上,存在四种聚集模式,分别是H-H类型、L-L类型、H-L类型和L-H类型,这种教育发展的不均衡性,加剧了经济发展韵不平衡,对地区经济长期可持续均衡发展产生了重要影响.在方法上,当探讨具有空间聚集效应的经济可持续发展问题上,空间误差模型要优于最小二乘回归模型.