Zouheng Fu Zou Hengfu part of the academic contribution

 Zou Hengfu: Zou Hengfu part of the academic contribution (1)
Zouheng Fu: economics journals, which reflect how much I and some of my collaborators in the study of economics experiment. In this paper, I put them in a small area where some international academic slightly Empirical findings and theoretical perspectives summarized as The following five points:
First, nearly 20 years in 43 developing countries, statistical analysis showed that the production of government departments, public expenditure in total expenditure ratio has a negative effect on economic growth, while non-productive government departments Public Expenditure in the proportion of total expenditure positively correlated with economic growth (see Chapter 1). In other words, many developing country governments to invest in the proportion of capital too, ignoring the recurrent public expenditure (such as administration, social security, culture, education and social welfare spending).
Second, although in theory there are many reasons to conclude that fiscal decentralization mm to the right of tax collection and public expenditure responsibilities from the central government mm can be transferred to local governments to improve the operational efficiency of government departments to promote economic development and growth. But for China, the United States and other countries in the world, forty-six comprehensive empirical analysis shows that fiscal decentralization is often a negative effect on economic growth (see Section 2,3,13 book chapter).
Third, the world distribution of income inequality is a very stable phenomenon. For each country, describe the Gini coefficient of inequality in income distribution often long time no significant change. But the international differences in the Gini coefficient is very large. income distribution inequality on the change of level of education, wealth distribution, financial development and social factors such as democracy and freedom of decision (see book 14 chapter).
Fourth, the increase in inequality in income distribution does not necessarily impede economic growth theory, in practice, even for economic growth (see the book, Chapter 15).
fifth, capitalism spiritual and cultural factors that can help us explain the world, per capita income, economic growth and national savings and other aspects of difference (see the book the first chapter 7,8,9).
Although little known, but I was feeling hint of good news there are two things:
Chapter 19 provides the first defense of mercantilism for the mathematical model,
book, Chapter 20 is the first time launched a military spending and capital accumulation on the mathematical analysis.
economists always say, ideas is most important. everyone wants something new, I am no exception. But their ideas can be recognized by academia, that is another matter.
books and other writings of the Books issued in China and met with many readers, I want to thank Mr. Peng Songjian Peking University Press and Mr. Liang Hongfei. Meanwhile, I also take this opportunity to thank the book's thesis partners: Hamid Davoodi, Shanta Devarajan, CHANG, Lyn Squire, Vinaya Swaroop, EXAMINATION, Li-Xin Xu and Mr. Zhang Taodeng. book readers look Critical error correction.
Zouheng Fu
2000   8  31  at Peking University < br> Zouheng Fu: Zou Hengfu part of the academic contribution (2)
Zouheng Fu: and dynamic economic analysis Jin Jing, CHANG, Steven B. Webb, EXAMINATION, Li-Xin Xu, and Tao. The World Bank, Wuhan University, Peking University and National Natural Science Foundation of China provided us with a good academic research environment and the necessary financial assistance.
Chapter 1 of the book is dedicated to Chow (Gregory Chow) Mr. This paper attempts to accumulation of capital, product innovation, international trade and economic growth in a simple unified framework. Mr. Zou Zhizhuang long encouraged me in China, especially in economics, education, Lingnan College, Zhongshan University. I put the first article on the book, and also would like to express my memory of many of the world famous economist and gratitude: Jean-Jacques Laffont ( 1947-2004), Dong (1927-2004), Xiaokai (1949-2004), Robert Barro, Richard Caves, Jacques Cremer, James Heckman, Edward Lazear, Robert Lucas, Eric Maskin, Paul Milgrom, Robert Mundell, Roger Myerson, Dwight Perkins, Jean Tirole, Stephen Turnovsky, Michael Woodford and so on. This is a brilliant stars of the world. Without their help and contribution, I can not at the Wuhan University, Beijing University and Zhongshan University in economics, finance and management close to the world the forefront of education.
Chapter 8 of the book is dedicated to the famous statistician Zhang Yao Ting teacher. It expresses my now seriously ill Zhang deep gratitude. In this article, and 9 of this book , 10 and 11, we want to build multi-level government under the conditions of taxation, transfer payments, government spending and economic growth in the dynamic analysis model. We believe that the dynamics of the multiple levels of government public finance research study is one of the important directions . Zhang Yao Ting teacher, Huang Teng teacher training, Ming Wu, EXAMINATION and I in 1994, president of the Wuhan University, Tao Delin, Ren Xinlian secretary, proposed the establishment of such Jie-Chang Hou, executive vice president of Wuhan University Center for Advanced Studies in Economic Science. the center of the Proposal by Zhang Yao Ting teacher personally authored. He for many years to go from Peking University, Wuhan University, Shanghai University of Finance, Renmin University of China and many other colleges and universities to give lectures to learn my role model. Today, thanks to an introduction from me since 1987 China Economics of Education supports me in many other colleagues: Ruan Zhihua, Tian Guoqiang, Ph.D. in economics, Chen Xiaohong, Chen Zhiwu, Shu Yuan, Yao Xianguo, Wang Zeke, Fang Bingsong, Lang, Steven Cheung, Lin Yifu, Zhang Weiying, Zhu Xiaodong, Zhang Duimu , Li Chulin, Chunrong Ai, Man I, Zhou and Zhang Jianbo so full. Meanwhile, I want to thank the elders: Liudao Yu, Yin had the soup in the new, first, Wu Ji, Zhang Peigang, Liu Diyuan, Tan Chong Taiwan, Cheng Siwei, Hu Zhaosen and Li Yining, and so on. < br> Chapter 2 of this book proves that in the spirit of capitalism model, the currency over the neutral (superneutrality) no longer hold. I'm glad that they at the time of writing his thesis at Harvard University (1986-1988) to Marx and Weber and economic development of the capitalist nature of the introduction of new classical theory of economic growth and endogenous economic growth model. The spirit of capitalism and the capitalist model also helps explain the nature of financial markets, asset risk premium gold fans (equity premium puzzle, see the Book Chapter 3). at Harvard school days, I am learning macroeconomics, microeconomics, econometrics, but also fortunate enough to understand mathematical theory of Marxism in the twentieth century. which I to thank Robert Dorfman, Stephen Marglin, Murray Milgate, and John E. Roemer's class at Harvard. John E. Roemer on exploitation, class, justice, income redistribution and equality of opportunity theory has not only been recognized by non-Marxist economics, but also as the World Bank in 2006, John E. Roemer's Economics). These books Marxism into a new world of mathematical economics. quite by accident, I actually in the same summer, the Latin Quarter in Paris, a bookstore to buy a Mr. Dong Fureng and Mr. Liu Guoguang were published two books about the National Proceedings reproduction income (1978, live, reading, Joint Publishing Press). I wrote a lot of notes to evaluate the transformation of the two amendments and Mr. Marx theory of reproduction arithmetic and algebraic models. then I feel that if Mr. Dong Fureng and Mr. Liu Guoguang to a preliminary understanding of input - output analysis, Harrod - Domar growth model, Solow growth model and the dynamic general equilibrium theory of nice ah! if so, at least two of them in youth and middle age Like Michio Morishima and John E. Roemer as to the development of contemporary Marxism. Since 1987, I have repeatedly chatted with Mr. Dong Fureng and Mr. Liu Guoguang his sixties of the twentieth century ministries on national income balance model for class academic debate. Mr. Dong Fureng always told me not to mention those naive model. He said the mathematical basis of their generation too bad, plus the background does not allow, it is impossible to bring a Marxist Economics new era. Mr. Dong Fureng humble and honest to encourage our younger generation to Morishima, Jon Elster and John E. Roemer and other learning and development of Marx's simple reproduction of national income, expanded reproduction of capitalist accumulation and economic cycle theory. and this generation people to do bad, unworthy of the memory of Mr. Dong Fureng. I venture to put forward, no one in today's contemporary Chinese mathematics has made fundamental contributions to Marxism, and John E. Roemer might be able to obtain the identity of Marxist economic Nobel Memorial Prize in science.
remember also in 1984, a young arrogant I first met at Harvard, Yale studies in the Mr Wu. He is a Harvard behalf of the Chinese government to explain why the Chinese students to conduct domestic Later I understand he Janos Kornai's shortage of interest in economics and does have a soft budget constraint. His friendship between generations of Yale Master Qian Yingyi, came to Harvard in the fall of 1984 pursuing a Ph.D. in economics. and happens to come in 1985 Janos Kornai taught at Harvard. Yingyi Qian, Xu Chenggang, Li and Wang Yijiang Daokui four are under the tutelage of Kornai's soft budget constraint in a shortage of economics and science. The Fan is NBER visit, he was quite motivated to Daokui with Li and Wang Yijiang etc. learning first-year graduate course. Later, Dr. Fan Gang did not get admission in Harvard, probably Li Daokui, Wangyi Jiang and Mr Hu also received the Harvard trio admitted him to the crowding out. Dwight Perkins, Martin Feldstein and Fan Gang, I have not been to the Harvard acceptance letter and regret. then returned soon after Fan CASS got a doctorate and wrote the outline of China's socialist macroeconomics monograph. I am mad with them Kornai also discuss some of the knowledge, use dynamic optimization methods written several investment starvation, shortage of socialist investment cycle of the article (see Zou Hengfu: .) Kornai some ideas, but also helped me to study the central and local fiscal decentralization (see book section 8,9,10,11 and 12), the central government to local government finances soft constraints to fiscal decentralization and government the impact of the scale (see the book, Chapter 13), financial constraints and the soft pure central government finances and macroeconomic instability (such as inflation) relationship (see the book, Chapter 14). I did not think these problems have financial theory and practice is the most popular topic. At the same time, I have been the central government is also concerned about the military relationship between spending and economic growth (see the book chapter 15) and the volatility of government spending and economic growth relationship (see book, Chapter 7).
I study the distribution of income has been interest. book section 4,5 and 6 of the interest of my records straight. we get the distribution of income inequality and economic growth positive correlation between the empirical results has been the World Bank does not accept. However, this conclusion is small in the academic community has always occupied a seat position. This makes me R. Barro, W. Easterly, M. Ravallion, and many of Economics House continue to debate. As arguments, we get closer together some. colleagues are interested in this issue, see their papers.
assistance to developing countries has been the World Bank, International Monetary Fund, Asian Development Bank, United Nations, the Inter-American Development Bank and the many famous economists favorite topic of conversation. Gong six, and I published a series of papers (see the book, 16 and 17), indicating that foreign aid to reduce savings and investment in developing countries increase dependence on foreign loans, impede economic growth and capital accumulation. These conclusions are not accepted by the World Bank. But the vitality of these conclusions may be growing hh, please allow me to make such an optimistic forecast. than W. Easterly from the World Bank five years of denial, R. Barro on the International Monetary Fund, criticized the project, Rahguram Rajan suspicion of foreign aid, our conclusions may be more theoretical, some more general number.
most I am glad that I can see the new generation emerging in China in the international academic community than our generation of young economists who published in the international higher grade of paper. really, superseding the previous waves before the waves onto the beach on. Really, life is gray, evergreen tree theory. I have had forty-year-old, and I still have as an academic it? probably not the bar. I might go on with the economics of education. China seems to be the total no shortage of well-known media economist, but China does Jiaoshu Jiang lack of real economics. I want my students when the economics Jiaoshu Jiang. If they were a group of economists, the news media, it must is my nightmare. If some among them to become the world-renowned economist, it must be my dream.
Zouheng Fu remember
2005   8  
Zouheng Fu Zou Hengfu English English papers