herve leger sale The efficiency of China's macroec

2n2sale160ad

From 2001 to 2005 five equal parts according to National Bureau of Statistics grouping statistics household incomes of urban residents: high income, high income, middle income, middle income and low-income urban households the average annual income growth, 15.23%, respectively, 11%, 9.31%, 7.83%, 5.35%. Here, not only the high income level and low-growth gap between the layers 3 times, and high income, in the three high-income and middle-income class, with low-and middle-income level of the average gap is quite obvious. According to official statistics, in 2006 middle-income households in 2006, the average annual income has reached 47,000 yuan, low-income families is only 13,000 yuan,[link widoczny dla zalogowanych], a difference of 3.62 times. This tells us that rapid economic growth, high income groups in the continued rapid growth of income, the income of middle class sustained and rapid growth, significant growth in the low income group is slow.

The other hand, people also see, as the government continued to control operations and in-depth, there have been various regulatory efficiency is unsatisfactory situation. Whether the regulation of the basic orientation of the government, for example, actively promote the growth of domestic demand driven; or regulation for the sector areas, such as control of growth in real estate prices are too high; or is the regulation of monetary instruments,[link widoczny dla zalogowanych], such as overheated investment trend of increased interest rate controls, adjust the exchange rate , etc., in place regulating the level of efficiency problems are present, some policies and even the delay in work. Why is this? In my opinion, a very important reason is the efficiency of macro-control growth met the established structure of the rigid constraints. This growth structural constraints as a barrier to the efficiency of control policies limit the possibility of a very limited range. Only from the analysis of the following four aspects.
The growth of national income growth of structure and social structure of accumulation of wealth status, first decide the government authorities most like to effective. 1990 to 2005, 15 years, average annual growth rate of domestic investment was 20.8%, increase in consumption rate over the same period only 4.1%. 1980 -1990, the final consumption-GDP ratio of 62% and then gradually decline, 2005 was only 52.1%. In 1991, consumption was 48.8% in 2005 dropped to 38.2%. This situation, the national income growth is clearly the inevitable result of structural conditions. Because,[link widoczny dla zalogowanych], to maintain high growth oriented macro-economic forces, certainly not only a social investment and consumption. The basic theoretical economic analysis tells us that the first driving consumption growth is necessary and sufficient conditions for the growth in state income levels, while the national income available for distribution is always in a certain period of a quantitative, when the capital income and government revenue continued to grow substantially increases, to determine the growth of national income for income not too much.
The efficiency of China's macroeconomic regulation restricting what factors

The new century, high-speed train running though the Chinese economy faced many problems and contradictions, but still maintain high growth and low inflation is running, the macro basically stable overall, received a high evaluation of the international economic community . An important factor here is that government macroeconomic regulation and control results.
Statistics show that from 1998 to 2005, China's national income growth in the different areas showed significant differences. This 8-year average annual growth level of the average annual profit growth of industrial enterprises was 30.5%, topped the list; the central and local governments, respectively, the average annual growth of 18.6% and 16.6%, also has a very high level of growth; urban units The average annual growth of labor compensation of 9.9%, well below the level of the first two; urban and rural residents, respectively, the average annual revenue growth of 8.7% and 4.6%, the lowest level living in the same period. Average annual growth of GDP of 8.9% over the same period. National income growth from the perspective of the structure of accumulation, it also can show the growth of social wealth for the structure.
Hierarchical structure of household income differences widening, middle and high income level in the continued rapid growth of income, the growth of low-income level was slow, which makes the current consumption of some of the activities involved in macro-control policy dilemma.
Data analysis showed that the structure of growth of national income was to the industrial enterprise profits and government revenue tilt, the residents of the relatively slow growth in revenue, which is an efficient control policy has a fundamental constraints important factor.
Another study on the distribution of labor income in the national economy in the proportion of research data, but also for the state provides a proof. The research data show that the distribution of labor income in the national economy is the continued decline in the proportion. 1978 to 1983, labor income share rose from 42.1% to 56.5%, followed from 1983 to 2005 continued to decline, which only in 1993 and 1996 a slight increase in 2005, accounting for 37%, compared with 1983 decline of 19.5 percentage points. The study data also shows that capital income over the same period the proportion of the distribution in the national economy is the continued substantial increases. In 1978, the operating surplus and depreciation of capital income and net taxes on production as the representative of capital income in GDP, 57.9% in 2005 rose to 63.3%, together with other factors, the actual proportion of capital has increased by about 20 percentage points .
Capital revenue growth, average annual profits of industrial enterprises in particular, an increase of 30.5% of the high level (although differences between different industries show), is enough to explain why the monetary authorities to raise interest rates often used to suppress excessive growth of investment and often very effective Micro. In such a high level of corporate profit growth incentives, reduce the 25 or 27 basis point interest rate adjustment, or higher than it is worth mentioning, on business investment can not play with the actual binding impulse cooling effect. Moreover, conversely, such high levels of profit growth incentives, companies have little reason to tighten their own investment activities?
Growth structure of national income is affected and restricted the government's macro regulation and control of a basic factor. Thus,[link widoczny dla zalogowanych], we chose a representative national income three important items: profits of industrial enterprises, central and local fiscal revenue, the city unit of payment and incomes of residents, on their 1998 to 2005 the average growth rate was compared.
相关的主题文章：

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]