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Table of Content

    21 January 2021, Volume 0 Issue 04
    On the New Mode of Administrative Monopoly Regulation from the Perspective of Competition Policy: From “Relief Afterwards” to “Feed Forward Control”
    YING Pin-guang
    2016, 0(04):  364. 
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    From the perspective of anti-monopoly laws, this paper reveals that the regulation mode against administrative monopoly is primarily the type of “relief afterwards”, namely to correct the administrative monopoly behaviors that have occurred by means of administrative law enforcement or judicial remedy. In contrast, to exercise “feed forward control” by means of the competition policy with a wider sense, such as competition censorship, state aid control system and competitive industry laws, can form more effective standards against the administrative monopoly. It is necessary to promote the transformation of China’s regulation mode against administrative monopoly, giving the authorities in charge of the competition more ex ante functions. At the same time, the authorities in charge of competition can take full advantage of their internal coordination mechanism and give full play to the power of the multi-element organizations, so as to get ready to win the social consensus and to obtain political support.
    Consumer Bargaining: Behavior Logic and Right Expression
    LIU Nai-liang
    2016, 0(04):  365. 
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    Consumers are very clearly entitled to voice their rights in the age of bargaining. The acute changes of market structure lead to the counter-regularity in price formation, bargaining behaviors of consumers are actually as good as dead already. The existing consumer rights protection system pays more attention to the incremental supply of the type of right, while ignoring the improvement of stock, which is represented by price and starting from the specific market factors. Unclear rights and liabilities have produced obstacles preventing consumers from exercising their bargaining power. The social transformation based on justice and rule of law and the extensive application of internet technology have provided the supporting value and platform foundation for consumers to realize their bargaining right. The bargaining system should be maintained under the premise of such ideas as protecting the weak, publicizing information and fulfilling responsibilities, so as to give full play to the group bargaining advantage of consumer organizations, realize the unblocked bargaining depending on the price regulation measures, and promoting the realization of the laws of consumers’ new rights through price monopoly regulation and consumers’ public interest litigation.
    Western Marxists’ Interpretation of Marx’s New World View and Its Enlightenment
    ZHANG Ding-xin
    2016, 0(04):  366. 
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    It is both logical and appropriate to name Marx’s theory as “Marx’s new world view”. Engels interpreted it as “historical materialism” or “materialist conception of history” from the methodology category. The western Marxists made a reinterpretation of this form of interpretation, leading not only to the formation of such hermeneutic paradigms as the theory of practice originated from Lukacs’s “principal function of historical materialism” and the “practical materialism” from Gramsci’s “practical philosophy”, but also the emergence of a series of new statements, which have promoted the researches in this field from different aspects. Though these two forms of interpretation can find some grounds in Marx’s own writings, they are not the direct terms in Marx’s texts; although they can reflect Marx’s new world view from the methodology level, they are different from Mark’s new world view system at some levels. We should cherish the research arguments and academic conclusions concerning Marx’s new world view made by the western Marxists and many scholars abroad, but we cannot simply transplant or imitate their established conclusions, never accept their hints intentionally or unintentionally.
    On Su Zhe’s Financial Thought and Its Enlightenment
    HUANG Wen-de1,2, FANG Bao-zhang2
    2016, 0(04):  367. 
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    In Northern Song Dynasty, faced with the national financial crisis at that time, Su Zhe put forward a number of ideas, including eliminating “those who harm the state wealth” means “increasing the wealth”; cutting the superfluous personnel by extending the time of imperial examination system, abolishing the system to bestow favours, reforming the system of having priority of becoming officials through the privilege given to the later generations of higher officials, and reducing the state affairs; cutting down the military expenditures by selecting the generals, increasing the number of spies and soldiers, and reducing the imperial guards; reducing the “unprofitable expenditures” used for imperial clans, water transport and awards; and coordinating the financial management rights between the central and local governments. These ideas can contribute a certain amount of enlightenment to contemporary China to correctly handle the problem of centralization and decentralization between the central government and the local governments in the financial management system.
    New Urbanization and Reform of Rural Land System
    LIN Hui-huang1, ZHENG Yong-nian2
    2016, 0(04):  368. 
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    The new urbanization requires to have a “people-oriented” attitude, so as to earnestly safeguard the interests of all parties. On the whole, the collective land system can better protect the interests of the land-lost farmers, the suburban farmers and the urban residents. Land privatization is unhelpful to the unity of farmers, on the contrary, it causes the farmers to fall into a disintegrated state and lose their ability to negotiate with the local governments and the capital. In the event of nature and man-made disasters, farmers are apt to sell their land; losing land will inevitably drive a large number of farmers into other places, especially into the big cities, resulting in a wide variety of “urban disease”. In addition, in the current context of unsatisfactory law system, especially when the local governments have strong desire for land finance and the industrial and commercial capital have urgent desire for new investment markets, to hastily promote large-scale farmland nationalization could possibly trigger a new round of government-capital joint enclosure, thereby leading to a grave consequence of a large number of farmers losing their land. Thus it can be seen that, during the process of promoting the construction of new urbanization, neither land privatization nor nationalization is desirable. A more prudent approach is to further improve the rural collective land system, so as to ensure the goal of “land to tillers” and “residents have their homes”.
    An Analysis of the External Structure of Family Farms and Its Optimization
    ZHANG Xue-yan
    2016, 0(04):  369. 
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    Family farm, as a new mode of agricultural operation, is a very effective measure to solve the current situation of empty villages, multiple job-holding farmers and aging farmers, and it is also an important way to crack the problems of“who to do farm work”and “how to do farm work”. According to the structuration theory in sociology, this paper constructs the family farm structure jointly participated by the various behavioral subjects, including the local governments, the village collectives, the farmers, and the land outflow households. In order to realize their interest targets, the family farm operators would interact with the structure, under the constraints of space, time, economy and risks, giving full play to their initiative to break through the restrictions of the structure and to promote the further optimization of the structure. During the process of interaction with the structure and optimization, new resources and rules will be generated, and new family farm structure will be formed, so as to realize benefits maximization.
    A Research Summary of the Effects of Agricultural Insurance Fiscal Subsidies
    ZHANG Zu-rong1, WANG Guo-jun2
    2016, 0(04):  370. 
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    Government fiscal subsidies is the key to the success of the development of agricultural insurances, however, the effects of the fiscal subsidies on the agricultural insurances are complicated, with both advantages and disadvantages. The in-depth researches on the subsidies effects are of great importance and value in improving the agricultural insurance subsidies policy, strengthening the active role of the subsidies and reducing the negative impacts. The researches on the effects of the agricultural insurance subsidies both at home and abroad mainly include the following five aspects: the first is the effects of fiscal subsidy on the increase of the rate of agriculture insurance covering and overcoming the market failures; the second is the effects on agricultural production and agricultural products supply; the third is the effects on the national income redistribution and the changes of farmers’ income; the fourth is the effects on the whole social welfare; and the fifth is the effects on the ecological environment. This article has systematically combed the research results at the five aspects and made a brief evaluation, and then it outlooks the key points for future researches.
    A Study of the Threshold Effect of Medical Insurance on Medical Expenses
    XIE Ming-ming, ZHU Ming-lai
    2016, 0(04):  371. 
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    Based on the panel data of China’s 12 provinces (cities) from 2003 to 2014, this paper employs the panel fixed effect model and the panel threshold model to empirically study the difference of the impact of medical insurance on the medical expenses of different income groups. The results of the study indicate that medical insurance is on the whole playing a positive role in promoting the medical expenses, but this role is different for different income groups. When income is staying at a lower level or a medium to high level, medical insurance has no significant effect on the medical expenses. When income is staying at a medium level or a higher level, the medical insurance can significantly promote the growth of medical expenses.
    On Information Disclosure and Supervision Accommodated to the Reform of Stock Issuing System
    DONG Yang, WANG Pu-cha
    2016, 0(04):  372. 
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    The reform of the registration system is a priority among the priorities in the reform of China’s capital markets. The registration system is designed to balance the relationship between the administrative supervision power and the security issuing rights, to reduce administrative intervention in the issuing links, and to respect and guarantee the due rights of the markets. The American experiences in the implementation of the registration system can provide references and enlightenment to the reform of China’s stock issuing registration system. In order to promote the registration system reform in China, we should strengthen the responsibilities in information disclosure, reinforce the supervision and establish a set of strict delisting mechanisms.
    On the Enterprise Independent Innovation Mechanism from the Perspective of Dynamic Evolution: A Case Study of Zhengbang Technology Co., Ltd
    HU Hai-bo, TU Zhou-yang, HU Da-li
    2016, 0(04):  373. 
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    Taking the evolution of enterprise independent innovation dynamic mechanism as the main line and Jiangxi Zhengbang Technology Co., Ltd as the sample, this paper adopts the SPS case study method to analyze the evolution path of enterprise independent innovation driving factors, so as to explore the dynamic mechanism structure, the phase characteristics and the operation mechanism of enterprise independent innovation. The findings indicate that the evolution of enterprise independent innovation mechanism can be divided into three stages: variation, replication and selection. And a certain evolution path is followed, that is, from the exogenous drive during the process of the technological innovation, to the endogenous drive during the process of the institutional innovation, finally to the coordinated drive during the process of the coordinated innovation. Meanwhile, during such processes, the dynamic mechanisms of enterprise independent innovation at different evolution stages are different in the innovation levels, methods, features and so on.
    Innovative Instruments of China’s Monetary Policy: Generation, Comparison and Effects
    DENG Wei, YUAN Xiao-hui
    2016, 0(04):  374. 
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    In the context of the growth of funds outstanding for foreign exchanges experiencing a phased slowdown, China has one by one brought out three innovative monetary policy tools, including standing lending facility, medium-term lending facility and pledged supplementary lending. The application of these innovative tools has reinforced the supply capacity of monetary base, improved the pertinence and flexibility of the monetary policy regulation, and is playing an active role in reducing the volatility of the market interest rate and liquidity risks. In the process of China’s interest rate marketization, the innovative tools should be more properly used to keep a neutral and moderate liquidity. Meanwhile, the transformation of innovative monetary tools from quantitative tools to pricing tools need to be quickened, so as to promote the formation of market interest rate corridor mechanism.
    Estimation of Chinese Residents’ Motive Intensity for Precautionary Savings: A New Perspective Based on Twins Data
    CHEN Rui
    2016, 0(04):  375. 
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    On the basis of the formation factors of consumption-controlling habits, this paper employs OLS and the twins intra-group difference method to put forward a basic analytical view for the estimation of the intensity of real precautionary savings motive and the relationship between?the consumer heterogeneity and the motive of precautionary savings. Starting from China’s national conditions, it establishes an empirical model of the precautionary savings motive and tries to analyze the relationship between the consumer heterogeneity and the intensity of precautionary savings motive with the collected micro data. By comparing the estimated results of the intra-group differences of the identical twins data, the intra-group differences of the fraternal twins data and the mixed OLS, the intensity under different conditions is found, including the intensity of real precautionary savings motive, the intensity of precautionary savings motive caused by unpredictable individual saving behavior, and the intensity of precautionary savings motive formed by consumption habits.
    Local Protectionism and Development of China’s Provincial Capital Cities: Theory and Empirical Analysis
    ZENG Bing1, ZHENG Jian-feng2, DENG Bo3
    2016, 0(04):  376. 
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    Provincial capital cities are often playing the role of growth poles in the provincial economic development, but they are also faced with the related problems in their own development. By choosing the perspective of local protection, this paper tries to interpret the development of China’s provincial capital cities. It firstly applies the three-region model of the new economic geography to analyze how local protection is affecting the development of the capital cities. The numerical simulation results show that when the degree of local protection of one province is greater than that of other provinces, the centripetal force of this capital city’s development would be greater than the centrifugal force, resulting in too rapid and too large-scale development of the capital city, and the economic disparities between the regions of the province would be further widened. Conversely, when the cooperation between the province and other provinces is enhanced, the development of the capital city will be subject to certain inhibition, and the development of other regions in this province would be promoted. An empirical analysis combined with the data of recent years also shows that local protection has a significant impact on the primacy ratio of the capital city, which verifies the results of the theoretical analysis. When further eliminating the endogenous problems with the dynamic panel system GMM method, the results of the robustness test obtained are also consistent with the results of the theoretical analysis.
    Stage Positioning, Regional Differences and Promotion Strategy of China’s Urban-Rural Integrated Development
    CAI Shu-kai 1, LI Jing 2
    2016, 0(04):  377. 
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    The integrated urban-rural development is the ultimate goal of the development of urban-rural relations. Based on the literatures concerning urban-rural integration both at home and abroad and the real observations of China’s integrated urban-rural development, this paper subdivides China’s integrated urban-rural development into four phases: the separated urban-rural development, the interactive urban-rural development, the coordinated urban-rural development and the integrated urban-rural development. A quantized analysis shows that China’s urban-rural development is shifting from the stage of interactive urban-rural development into the stage of integrated urban-rural development. An empirical analysis by using the data of 41 cities in the Yangtze River Delta region shows that the urban-rural integration policy of imposed uniformity should be changed, and a differentiated strategy from the perspective of regional differences should be implemented. The strategy for the regions at the stage of separated urban-rural development should focus on the rapid development of urban industry and the improvement of the capacity of rural development driven by urban development. The strategy for the regions at the stage of interactive urban-rural development should focus on the industrialized and modernized agricultural development. The strategy for the regions at the stage of coordinated urban-rural development should focus on giving fair opportunities to rural development. And the strategy for the regions at the stage of integrated urban-rural development should focus on effective implementation of the integrated urban-rural social management system.