Using the cointegration analysis technology and causality analysis technology,we discuss the relationship between financial intermediaries development and economic growth in China,Evidences from the multivariate VAR s...Using the cointegration analysis technology and causality analysis technology,we discuss the relationship between financial intermediaries development and economic growth in China,Evidences from the multivariate VAR system show that:(i)as far as the relationship between financial intermediaries scale and economic growth is concerned,what Robinson (1952) declared is right, “where enterprise lead finance follows”; (ii) on the relationship between financial intermediaries efficiency and economic growth,the view of many endogenous economic growth models can be supported by China case.展开更多
Whether or not the inequality index of income distribution in China based on household statistical samples actually reveals the income discrepancy is questioned in some literature. This paper develops a method to veri...Whether or not the inequality index of income distribution in China based on household statistical samples actually reveals the income discrepancy is questioned in some literature. This paper develops a method to verify if the samples of the household income are entire or not by fitting them to Pareto distribution, which predicts the decrease in number of people given the increase in income. It is found that the income data in 1995 are biased and result in underestimating the inequality of income distribution within the richest 20% residents in rural areas and overestimating that in urban areas. But their impact upon the degree of inequality is very slight and insignificant, and can be almost ignored upon the whole population.展开更多
文摘Using the cointegration analysis technology and causality analysis technology,we discuss the relationship between financial intermediaries development and economic growth in China,Evidences from the multivariate VAR system show that:(i)as far as the relationship between financial intermediaries scale and economic growth is concerned,what Robinson (1952) declared is right, “where enterprise lead finance follows”; (ii) on the relationship between financial intermediaries efficiency and economic growth,the view of many endogenous economic growth models can be supported by China case.
文摘Whether or not the inequality index of income distribution in China based on household statistical samples actually reveals the income discrepancy is questioned in some literature. This paper develops a method to verify if the samples of the household income are entire or not by fitting them to Pareto distribution, which predicts the decrease in number of people given the increase in income. It is found that the income data in 1995 are biased and result in underestimating the inequality of income distribution within the richest 20% residents in rural areas and overestimating that in urban areas. But their impact upon the degree of inequality is very slight and insignificant, and can be almost ignored upon the whole population.
