Global Green New Deal and Chinese Green Economy Based on Environment and Energy Materials

2012 ◽  
Vol 485 ◽  
pp. 494-501 ◽  
Author(s):  
Ding Li ◽  
Jing Jiang
Keyword(s):  
Economic Growth ◽  
New Deal ◽  
Global Financial Crisis ◽  
Green Economy ◽  
Growth Mode ◽  
Environmental Crisis ◽  
Energy Materials ◽  
The Global Financial Crisis ◽  
Made In China ◽  
Economic Growth Mode

2008 has seen the global financial crisis through which it is realized that a new growth mode, rather than Business as Usual, should be pursued in every country. Green New Deal, as a new economic growth mode, is generally accepted. Every country has increased the investment in green economy and made green economy a brand-new growth mode which resists economic and environmental crisis and promotes employment. Economy, environment and climates are the common problems all humans have to be faced with. Therefore, in the sense of Global Governance, Green New Deal shows a tendency to Global Green New Deal. Outstanding achievements have been made in China through the transformation of economic growth mode. Green Economy and Sustainable Development with Chinese characteristics have been gaining acceptance and approval by more and more countries.

scholarly journals Do Bubble Behaviors Exist in Chinese Film Stocks?

SAGE Open ◽  
2020 ◽  
Vol 10 (4) ◽  
pp. 215824402098330
Author(s):  
Chi-Wei Su ◽  
Lu Liu ◽  
Kai-Hua Wang
Keyword(s):  
Economic Growth ◽  
Global Financial Crisis ◽  
Film Industry ◽  
Stock Index ◽  
Industrial Policies ◽  
Chinese Film ◽  
Augmented Dickey Fuller ◽  
Boom And Bust ◽  
Negative Impacts ◽  
The Global Financial Crisis

This article investigates bubbles in the Chinese film industry to reveal the industry’s boom and bust process that influences employment, citizen’s livelihoods, and even economic growth. We adopt the film stock index to reflect the industry’s trajectory and employ the generalized and backward sup augmented Dickey–Fuller tests to detect bubble periods. Empirical results indicate that there are three positive bubbles in 2007, 2013, and 2015, indicating that the film market continues to expand after temporary frustrations. Meanwhile, one negative bubble is found in 2019, which demonstrates that the bubble’s negative impacts persist and the film industry is still having problems such as declining industrial output. Economic growth, film quality, and industrial policies are common factors for all bubbles. The global financial crisis, capital in- and outflows, internet giants’ entry and sky-high remuneration are reasons for certain bubble behaviors. Hence, market practitioners should actively recognize bubbles and observe their evolution, which will favor industrial stabilization. A perfect legal system, moderate industrial policies, a competitive market environment, and other measures are needed to confront the opportunities and challenges.

Section III. Prospects for Europe

1998 ◽  
Vol 166 ◽  
pp. 44-56
Author(s):  
Nigel Pain ◽  
Florence Hubert ◽  
Dirk te Velde ◽  
Dawn Holland ◽  
Véronique Genre
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
European Commission ◽  
Global Financial Crisis ◽  
Future Prospects ◽  
The Global Financial Crisis ◽  
The Eu

Economic growth in the EU area rose markedly last year. Output expanded by more than 3 per cent in over half of the member countries, although growth was notably slower in the larger economies. The outlook continued to improve in the first half of this year. Growth in the first quarter was particularly buoyant. Eurostat figures indicate that output in the EU was some 3.3 per cent higher in the first quarter of 1998 than a year earlier. Although output rose by only 0.2 per cent in the second quarter, this was partly due to statistical distortions arising from the different number of working days in the quarter. Italy is the sole economy where growth has proved to be weaker than initially expected. The global financial crisis and slowdown in worldwide demand is expected to dampen EU growth somewhat next year, and we continue to be less optimistic than the European Commission about future prospects. Growth in the EU economies is projected to slow from 2¾ per cent this year to around 2¼ per cent in 1999.

China Logistics System Reconfiguration under the System Resource Constraint after the Financial Crisis

2010 ◽  
Vol 34-35 ◽  
pp. 770-773
Author(s):  
Jian Hua Zhao ◽  
Hong Bin Li ◽  
Qian Chen ◽  
Fang Luo
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
International Market ◽  
Logistics System ◽  
External Market ◽  
System Reconfiguration ◽  
Two Generations ◽  
System Resource ◽  
The Global Financial Crisis

After two generations’ development driven by investment and external market resource from 1949 to 2008, china formed an export-oriented economy with an Outward Logistics System (OLS). China faces serious constraints from international market under the global financial crisis, which caused Logistics Jam and need Economical transformations to launch a new round of economic growth with more efficient Logistic system in next 30 years to ease jam and to support regional manufactory based on the local special resources for co-development. It would be the power to stimulate further economic growth.

Carrying Capacity of Resources and Problems of Sustainable Development in Dongting Lake’s Flood Detention Basin

2014 ◽  
Vol 962-965 ◽  
pp. 1961-1964
Author(s):  
Yuan Jun Yu ◽  
Lin Wu
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Population Growth ◽  
Carrying Capacity ◽  
Control Population ◽  
Growth Mode ◽  
Hunan Province ◽  
Dynamic Changes ◽  
Detention Basin ◽  
Economic Growth Mode

The relative carrying capacity of resources was used to analyze the dynamic changes of Dongting Lake’s flood detention basin. The relative carrying capacity of resources of flood detention basin compared with Hunan province from2004 to 2011 was calculated. The results shown that the flood detention basin is in population relatively surplus state, but its severe overloading in economy resources. The consultation was drawn as the economic compensation should be offer by downstream areas. Flood detention basin should transform economic growth mode, strict control population in resources lack and environmental vulnerability areas should be taken to reduce population growth pressures on resources.

scholarly journals Empirical Evidence on Factors Conditioning the Turning Point of the Public Debt–Growth Relationship

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 191
Author(s):  
Mindaugas Butkus ◽  
Diana Cibulskiene ◽  
Lina Garsviene ◽  
Janina Seputiene
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Private Consumption ◽  
Turning Point ◽  
Global Financial Crisis ◽  
Government Expenditure ◽  
The Public ◽  
Taxation Policy ◽  
High Expenditure ◽  
The Global Financial Crisis

This paper contributes to the limited literature on the factors conditioning the turning point of the public debt–growth relationship. A decade after the global financial crisis, when the debt ratio in many countries was still above pre-crisis levels, the COVID-19 pandemic again increased the pressure on public finances. It revived the debate on the ability to promote economic recovery through debt-financed government expenditure. However, more intense government borrowing increases its costs and uncertainty about future taxation policy, thus potentially disturbing private consumption, investment, and economic growth. In this paper, we estimate the thresholds of indicators on which the expenditure multiplier depends, which may already imply a risk that public debt will dampen economic growth. We use a methodology of structural threshold regression to examine the varying effects that debt might have on growth using consumption, investment, taxes, and imports as threshold variables, as well as several other factors suggested by previous contributions. The applied methodology allows for the addressing of parameter heterogeneity and endogeneity to be accounted for at the same time. The main results suggest that a positive debt effect is more likely if the conditions for a high expenditure multiplier are met, that an increase in the public-debt-to-GDP ratio is not necessarily deleterious to growth if shares of private consumption and investment in GDP are high, while the tax-revenue-to-GDP ratio is low.

Establishing finance-growth linkage for India: a financial conditions index (FCI) approach

2019 ◽  
Vol 14 (5) ◽  
pp. 1032-1059 ◽  
Author(s):  
A.K. Giri ◽  
Deven Bansod
Keyword(s):  
Economic Growth ◽  
Global Financial Crisis ◽  
Gdp Growth ◽  
Data Sets ◽  
Content Type ◽  
Real Gdp ◽  
Financial Conditions ◽  
Multiple Markets ◽  
Long Run ◽  
The Global Financial Crisis

Purpose The global financial crisis of 2008 emphasized the need for monetary policy authorities to have a more comprehensive view of the conditions prevailing in the economy before deciding their policy stance. The purpose of this paper is to outline the construction of a financial conditions index (FCI) and investigate the possible co-integrating relationship between the economic growth and FCI. Design/methodology/approach The study employs the PCA methodology, with appropriate augmentations to handle the unbalanced panel data-sets and constructs a FCI for India. It tests the growth-predicting power of FCI by applying the auto regressive distributed lags approach to co-integration and verifies if the FCI is co-integrated with real GDP growth. It also discusses construction of a financial development index (FDI) which tracks the financial markets through M3, market capitalization and credit amount to residents. Findings The constructed FCI has a quarterly frequency and is available starting 1998q2. The long-run coefficient of FCI while predicting the real GDP growth is significant at 10 percent. The results confirm that a more-broader index FCI outperforms a narrower index FDI in growth prediction. Research limitations/implications By showing that FCI is a better growth predictor than FDI, the study establishes the importance of including the foreign exchange markets, bond markets and stock markets while summarizing the conditions in the economy. The authors hope that the FCI would be helpful to the monetary authorities in their policy decisions. Originality/value The paper adds to the few existing studies studies dealing with FCI for Indian economy and constructs a more comprehensive index which tracks multiple markets simultaneously. It also fills the gap in literature by evaluating the correlating relationship between FCI and economic growth.

Economic Growth, Wealth and Wealth Inequality in Asia before, during and after the Global Financial Crisis

2019 ◽  
Vol 47 (4-5) ◽  
pp. 459-483
Author(s):  
Jenny Chesters
Keyword(s):  
Economic Growth ◽  
Hong Kong ◽  
East Asia ◽  
Global Financial Crisis ◽  
Wealth Distribution ◽  
Wealth Inequality ◽  
Living Standards ◽  
Rapid Expansion ◽  
The World Bank ◽  
The Global Financial Crisis

Abstract Although economic growth is regarded as an indicator of the success of an economy and, therefore, an indicator of rising living standards, there is no guarantee that living standards will improve for all members of society unless the benefits derived from economic growth are shared equally. If the wealth generated by economic growth accrues to those at the top of the wealth distribution, levels of inequality will increase. In this paper, I use publicly available data from the World Bank, Credit Suisse, and Forbes Magazine for 11 countries in East Asia/ South East Asia: Cambodia, China, Hong Kong, Japan, Laos, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Vietnam, to examine whether increases in GDP/capita were accompanied by increases in wealth/adult and levels of wealth inequality between 2000 and 2016. In China, Hong Kong, and Vietnam, wealth inequality increased substantially despite, or perhaps due to, the rapid expansion of their economies. In other words, it would appear that the rising tide lifted some boats but swamped others.

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