scholarly journals Research on the Impact of Technological Finance on Financial Stability: Based on the Perspective of High-Quality Economic Growth

Complexity ◽  
2022 ◽  
Vol 2022 ◽  
pp. 1-15
Author(s):  
Lu Shen ◽  
Guohua He ◽  
Huan Yan
Keyword(s):  
Economic Growth ◽  
Financial Stability ◽  
Total Sample ◽  
Western China ◽  
Eastern Region ◽  
High Quality ◽  
Shock Effect ◽  
Short Period ◽  
The Impact ◽  
Negative Shock

This paper investigates the relationship between technological finance, high-quality economic growth, and financial stability. Based on data of 30 provinces (including autonomous regions and municipalities) collected between 2004 and 2017, this paper adopts the method of factor analysis to construct comprehensive indexes of technological finance and financial stability before calculating green total factor productivity as the index of high-quality development, using the CRS Multiplicative Model. Then it constructs the spatial SAC model and PVAR model for analyses of the just-mentioned relationship based on the total sample of the nation and regional samples in eastern, middle, and western China, respectively. The results reveal that (1) All samples, whether the total national samples or regional samples of eastern, middle, and western China demonstrate the positive influence of technological finance on high-quality economic development, with an obvious spatial spillover effect. The impact factor is the highest in the eastern region, while the western region holds the lowest factor among the three. (2) Judging by the general national sample, technological finance has an obvious negative shock effect on financial stability within a short period, but the effect gradually dwindles as time goes by. This rule applies to the sample of the eastern region, as its technological finance poses a short-time negative shock effect on financial stability, before gradually diminishing to 0. Neither western nor middle regions have displayed an obvious shock impact on financial stability.

scholarly journals The Effect of Governance Quality on Economic Growth: Based on China’s Provincial Panel Data

Economies ◽  
2018 ◽  
Vol 6 (4) ◽  
pp. 56 ◽  
Author(s):  
Jiandang Liu ◽  
Jie Tang ◽  
Bo Zhou ◽  
Zhijun Liang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Panel Data ◽  
High Speed ◽  
Growth Effect ◽  
Eastern Region ◽  
High Quality ◽  
Governance Quality ◽  
The Impact

This paper investigates the impact of governance quality on economic growth in China. After developing a theoretical framework for the effect of governance quality on local economic growth, this article studies the panel data in provincial regions over the period 2001–2015 by constructing a new comprehensive index of provincial governance, and checks the robustness of the empirical findings from four aspects. The results show that governance quality has a positive effect on economic growth, due to good governance strengthening the “helping hand” or weakening the “grabbing hand” of power. Governance quality presents diminishing marginal returns, which means that the high-speed economic growth effect becomes less and less, while the high-quality economic development effect becomes more and more. Higher governance quality could bring a high-speed economic growth effect in the western region, while higher governance quality could bring a high-quality economic development effect in the eastern region. Compared with fixed-asset investment, human capital has played a more important role in economic growth. In order to promote the sustainable development of China’s economy, policy makers should improve local governance quality, strengthen the capacity of independent innovation, and promote the accumulation of high-quality human capital.

scholarly journals Does the Construction and Operation of High-Speed Rail Improve Urban Land Use Efficiency? Evidence from China

Land ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 303
Author(s):  
Xinhai Lu ◽  
Yifeng Tang ◽  
Shangan Ke
Keyword(s):  
Economic Growth ◽  
Land Use ◽  
High Speed ◽  
Urban Land ◽  
Urban Land Use ◽  
Western China ◽  
High Speed Rail ◽  
Land Use Efficiency ◽  
Use Efficiency ◽  
The Impact

The construction and operation of high-speed rail (HSR) has become an important policy for China to achieve efficiency and fairness and promote high-quality economic growth. HSR promotes the flow of production factors such as labor and capital and affects economic growth, and may further affect urban land use efficiency (ULUE). To explore the impact of HSR on ULUE, this paper uses panel data of 284 cities in China from 2005 to 2018, and constructs Propensity Score Matching-Differences in Differences model to evaluate the effect of HSR on ULUE. The result of entire China demonstrates that the HSR could significantly improves the ULUE. Meanwhile, this paper also considers the heterogeneity of results caused by geographic location, urban levels and scales. It demonstrates that the HSR has a significantly positive effect on ULUE of Eastern, Central China, and large-sized cities. However, in Western China, in medium-sized, and small-sized cities, the impact of HSR on ULUE is not significant. This paper concludes that construction and operation of HSR should be linked to urban development planning and land use planning. Meanwhile, the cities with different geographical locations and scales should take advantage of HSR to improve ULUE and promote urban coordinated development.

scholarly journals Mapping and Evaluating Human Pressure Changes in the Qilian Mountains

2021 ◽  
Vol 13 (12) ◽  
pp. 2400
Author(s):  
Quntao Duan ◽  
Lihui Luo ◽  
Wenzhi Zhao ◽  
Yanli Zhuang ◽  
Fang Liu
Keyword(s):  
Human Activities ◽  
Qilian Mountains ◽  
Western China ◽  
Eastern Region ◽  
Human Pressure ◽  
Activity Intensity ◽  
Human Footprint ◽  
Illegal Activities ◽  
The Qilian Mountains ◽  
The Impact

Human activities have dramatically changed ecosystems. As an irreplaceable ecological barrier in western China, the Qilian Mountains (QLM) provide various ecosystem services for humans. To evaluate the changes in the intensity of human activities in the QLM and their impact on the ecosystem, the human footprint (HF) method was used to conduct a spatial dataset of human activity intensity. In our study, the NDVI was used to characterize the growth of vegetation, and six categories of human pressures were employed to create the HF map in the QLM for 2000–2015 at a 1-km scale. The results showed that the mean NDVI during the growing season showed a significant increasing trend over the entire QLM in the period 2000–2015, while the NDVI showed a significant declining trend of more than 70% concentrated in Qinghai. Human pressure throughout the QLM occurred at a low level during 2000–2015, being greater in the eastern region than the western region, while the Qinghai area had greater human pressure than the Gansu area. Due to the improvement in traffic facilities, tourism, overgrazing, and other illegal activities, grasslands, shrublands, forests, wetlands, and bare land were the vegetation types most affected by human activities (in decreasing order). As the core area of the QLM, the Qilian Mountains National Nature Reserve (NR) has effectively reduced the impact of human activities. However, due to the existence of many ecological historical debts caused by unreasonable management in the past, the national park established in 2017 is facing great challenges to achieve its goals. These data and results will provide reference and guidance for future protection and restoration of the QLM ecosystem.

scholarly journals GLOBAL FINANCIAL CRISES AND ECONOMIC GROWTH : EVIDENCE FROM EAST ASIAN ECONOMIES

2012 ◽  
Vol 15 (2) ◽  
pp. 35-54
Author(s):  
Arisyi F. Raz ◽  
Tamarind P. K. Indra ◽  
Dea K. Artikasih ◽  
Syalinda Citra
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
East Asian ◽  
Economic Fundamentals ◽  
Short Period ◽  
Asian Economies ◽  
East Asian Economies ◽  
The Impact

As economies become more integrated in the midst of globalization, financial crisis that occurs in one country can easily transmit to other countries, becoming global financial catastrophe in a short period of time. In such event, strong economic fundamentals are particularly important to defend a country from the contagious effect of the crisis. As evidence, due to the fragile economic fundamentals and lacking government credibility, East Asian economies were easily attacked by the crisis in 1997 once the sentiment deteriorated. Nevertheless, the region had learned its lessons in 1997 thereby proofing its resilience in facing the global financial crisis that struck in 2008 by improving its economic fundamentals as well as policymakers’ credibility. This paper starts with theories on economic growth and financial crisis. Further, it empirically examines to what extent the financial crises in 1997 and 2008 affect East Asian economies by using panel data econometrics. The evidence shows that, even though both crises have contributed adverse impacts on East Asian economies, the magnitude of the 2008 crisis was relatively less severe than that in 1997. Finally, this study also provides further discussions regarding how East Asian economies had successfully minimized the impact of the global crisis in 2008. Keywords: Global Financial Crises; East Asian Economies; Economic Growth;Financial Market; Random and Fixed EffectsJEL Classification: C330, E440, G010

scholarly journals ASSESSING THE IMPACT OF ECONOMIC GROWTH ON INEQUALITY IN INDIA

2020 ◽  
pp. 5-8
Author(s):  
Furqan Ali ◽  
Mohammad Asif
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Capita Income ◽  
Political Stability ◽  
The State ◽  
Per Capita Income ◽  
Short Period ◽  
The World ◽  
Per Capita ◽  
The Impact

The rate of economic growth in India fluctuates with the world economic scenario. The developed countries being economically stable and highly advanced by technology, like U.S.A, France, Germany, Japan, and China faced the problem of economic crises. At the same time, the world comes to fluctuate their efficiency and empowerment to the leadership engagement in stabilizing the economy. In this paper, data taken from the Indian States as per capita income at the state level and compare it with all India average data. The Net State Domestic Product Per Capita Income (NSDPPCI), had taken on a current price for the short period 2011-2012 to 2016-2017. This paper compared the regional variation in state performance and compared the most riches states to inferior ones. The factors which affect economic performance are like stabilize the political stability in the state. We also focus comparison on the different political party announcements of the welfare scheme for the farmers and other poor people living in these states. Another factor like the level of education at states and center level, total population, and its growth rate, the public expenditure on the health sector. We measure income inequality, income distribution with the economic growth of India. KEYWORDS: Economic Growth; Inequality; Income Distribution; Political Stability.

scholarly journals Prospects for Social and Economic Development of Krasnodar Krai in the Context of National Transport Infrastructural Projects

2020 ◽  
pp. 122-130
Author(s):  
Olga Patrakeeva
Keyword(s):  
Economic Growth ◽  
Transport Infrastructure ◽  
Western China ◽  
Transport Sector ◽  
Accident Rate ◽  
High Quality ◽  
Krasnodar Krai ◽  
The Road ◽  
Comprehensive Plan

The discrepancy between the pace of economic growth rates, needs of enterprises and population for transportation, quality of the road network is a significant infrastructural limitation for growth. The paper is devoted to the analysis of large scale investment projects aimed at the removal of infrastructural restrictions, i.e. the national project “Secure and High-Quality Roads” and “Comprehensive Plan for the Modernization and Expansion of Main Infrastructure”. It is noted that the project “Secure and High-Quality Roads” for Krasnodar Krai will become a prerequisite for the effectiveness of transport infrastructure. “Comprehensive Plan for the Modernization and Expansion of the Main Infrastructure” including such federal projects as “Europe – Western China”, “Sea Ports of Russia”, “Northern Sea Route”, “Railway Transport and Transit”, “Transport and Logistics Centers”, “Communications Between the Centers of Economic Growth”, “Development of Regional Airports and Routes”, “High-Speed Rail Links”, “Inland Waterways” will increase the investment activity in the transport sector of the region. The paper presents the results of statistical analysis aimed at the identification of significant economic effect from capital investments in the road infrastructure of Krasnodar Krai. It is revealed that investments into transport and communications stimulate the economic growth and also reduce the accident rate on highways in the long run. In addition, the increase in the density of paved public roads stimulates the passenger turnover in the short run and is also a significant factor in the reduction of the accident rate. The downward trend of paved roads in the total length of roads indicates the necessity to invest in the improvement of the quality of existing roads. The author emphasizes that in order to achieve the goals mentioned in the infrastructural projects under analysis, it is necessary to improve the monitoring system of content and development of the infrastructural frame of the territory, evaluate the effectiveness of administrative decisions for the accomplishment of the goals indicated in the infrastructural projects under analysis.

EXPERT EVALUATION OF THE DRAFT FEDERAL BUDGET OF THE RUSSIAN FEDERAL BUDGET FOR 2022 AND FOR THE PLANNED PERIOD 2023–2024

2021 ◽  
Vol 1 (11) ◽  
pp. 137-163
Author(s):  
Irina V. Karavaeva ◽  
◽  
Evgeny M. Bukhvald ◽  
Sergey V. Kazantsev ◽  
Andrey G. Kolomiets ◽  
...  
Keyword(s):  
Economic Growth ◽  
Expert Opinion ◽  
Financial Stability ◽  
Inflation Targeting ◽  
Federal Budget ◽  
Financial Policy ◽  
Federal Law ◽  
Planning Period ◽  
High Quality ◽  
National Programs

Expert opinion on the Draft federal budget for 2022 and for the planning period 2023–2024 prepared taking into account the complementary provisions of the Forecast of the socio-economic develop-ment of the Russian Federation for 2022 and for the planning period 2023–2024, since both documents have a single conceptual position. A comprehensive analysis of those presented in the Explanatory Note to the Draft Federal Law “On the Federal Budget for 2022 and for the Planning Period 2023–2024” the main tasks and directions for the imple-mentation of state financial policy in the economic and social spheres. An assessment of the proposed meth-ods for solving demographic problems, the tasks of ensuring the acceleration of high-quality economic growth, the possibilities of countering challenges and threats to national security is given. The adaptability and suffi-ciency of sources of formation of federal budget revenues, directions and volumes of use of budgetary funds assessed. A detailed analysis carried out in terms of the formation of federal budget expenditures for the implemen-tation of socially oriented national programs. A forecast assessment of the effectiveness of the volumes and dynamics of financing incorporated in them during the planning period presented. Special attention in the expert opinion paid to the issues of financial support for regions and municipali-ties, the distribution of interbudgetary transfers. It pointed out that the planned financing does not correspond to the strategic priorities of spatial development. The general conclusion of the experts is that the draft federal budget aimed at ensuring financial stability and inflation targeting, but does not use financial mechanisms rationally to achieve the national objectives of Russia's socio-economic development in the areas of solving demographic problems, ensuring the accelera-tion of high-quality economic growth, improving the quality of life of the population.

scholarly journals The Impact of Government Role on High-Quality Innovation Development in Mainland China

2019 ◽  
Vol 11 (20) ◽  
pp. 5780 ◽  
Author(s):  
Xuanzhi Yang ◽  
Zhaofang Zhang ◽  
Wei Luo ◽  
Zhen Tang ◽  
Xin Gao ◽  
...  
Keyword(s):  
Role Theory ◽  
Mainland China ◽  
Eastern Region ◽  
Growth Trend ◽  
High Quality ◽  
Innovation Development ◽  
Super Efficiency ◽  
Dea Model ◽  
The Impact ◽  
Regional Perspective

Innovation serves as the first impetus for high-quality development. The role of government in promoting high-quality innovation development has become a chief driving force. Therefore, based on role theory, this paper will discuss the effect of different government roles on high-quality innovation development and regional alienation, providing policy recommendations for China. In this paper, firstly, a super-efficiency DEA model is introduced to measure the high-quality innovation development level among 30 provinces and municipalities in mainland China from 2010 to 2017. Secondly, a Tobit model is used to analyze the impact of different government roles on high-quality innovation development. The following conclusions are drawn through a super-efficiency DEA model: (1) From the holistic perspective, the high-quality innovation development in mainland China shows a fluctuating growth trend, but its level still needs improvement. (2) From the regional perspective, there is a patchwork pattern of ‘the eastern region ranks highest, followed by the western region and the middle region that stays at the lowest’. In addition, the three regions’ average of total factor productivity of high-quality innovation development has shown a smooth upward trend over the years. Then, the results of Tobit regression analysis are as follows: (1) Apart from the role in supporting talent, roles in constructing innovation platforms, cultivating the innovation environment, and coordinating social resources all pass the significance test. (2) Demands of different government roles vary significantly in different regions from the regional perspective. For the betterment of an innovation society, this paper puts forward suggestions according to different regional development statuses, such as shifting our focus from quantity to quality, strengthening cooperation among provinces and municipalities, and formulating appropriate governance role strategies.

scholarly journals The Impact of Deindustrialization on Economic Growth——Evidence from China

2021 ◽  
Vol 14 (5) ◽  
pp. 18
Author(s):  
Yang Feng ◽  
Yang Wang
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Empirical Approach ◽  
Western China ◽  
Small Cities ◽  
Developed Economies ◽  
Negative Effect ◽  
Widespread Phenomenon ◽  
The Impact

Deindustrialization is a widespread phenomenon, both in developed economies or developing countries in the history. This paper examinate the impact of deindustrialization, which is caused by administrative measures aimed at overcapacity, on China’s economic growth in the lastest decade. We adopt empirical approach to estimate the impact, the results show deindustrialization have a significantly negative effect on economic growth in the central and western China, which is stronger in the cites with fast deindustrialization, and in medium and small cities. It provides evidence that rapid deindustrialization hinders the sustainability and magnifies the vulnerability of economic growth, especially premature deindustrialization.

scholarly journals Study on the Impact of Industrial Informatization on Economic Growth

2021 ◽  
Vol 251 ◽  
pp. 01113
Author(s):  
Jingying Zhu
Keyword(s):  
Economic Growth ◽  
Regression Model ◽  
Central Region ◽  
Positive Impact ◽  
Western Region ◽  
Eastern Region ◽  
Regional Heterogeneity ◽  
East Central ◽  
The Western Region ◽  
The Impact

Based on the basic regression model, this paper analyzes the impact of industrial informatization on China’s economic growth. The research shows that industrial informatization has a significant positive impact on China’s economic growth. Then, considering the significant differences in the development of industrial informatization in different regions of China, the paper further explores the regional heterogeneity of industrial informatization on economic growth. The results show that there are significant differences in the impact of industrial informatization on economic growth in the three major regions of East, Central and West. That is, industrial informatization has the strongest effect on promoting economic growth in the eastern region, followed by the central region, and industrial informatization has the weakest effect on promoting economic growth in the western region.

Sign in / Sign up

Export Citation Format

Share Document