Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.055
Lipeng Wang, Chunqi Li
Determining the appropriate product mix solution is one of the important production system decisions for manufacturing companies. Based on the traditional method of identifying bottlenecks in the theory of constraints, this paper proposes a heuristic method that considers all constraints simultaneously and assigns weights to all constraints in five steps to address the infeasibility of the traditional theory of constraints in product mix decisions under multiple resource constraints. The paper also illustrates the feasibility, simplicity and ease of use of the new method through a simulation example.
{"title":"Product Portfolio Decision-making Method Based on Multiple Bottlenecks","authors":"Lipeng Wang, Chunqi Li","doi":"10.2991/aebmr.k.210803.055","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.055","url":null,"abstract":"Determining the appropriate product mix solution is one of the important production system decisions for manufacturing companies. Based on the traditional method of identifying bottlenecks in the theory of constraints, this paper proposes a heuristic method that considers all constraints simultaneously and assigns weights to all constraints in five steps to address the infeasibility of the traditional theory of constraints in product mix decisions under multiple resource constraints. The paper also illustrates the feasibility, simplicity and ease of use of the new method through a simulation example.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133641392","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.096
Jiali Zhu, Rouhua Wang
This paper is the stage result of a study on the innovative development of college students who are instructed by teachers to participate in interdisciplinary integration. In the area of interdisciplinary talent training for foreign language majors in higher education institutions, Changchun Institute of Technology has incorporated a core course in logistics management — Logistics. The study of this course has led to a great interest in interdisciplinary integration. The interdisciplinary training students have not only participated in the innovation development related competitions and achieved good results, but also the teachers and students have jointly conducted theoretical and practical research on the integration model of community group purchase and new rural logistics. This paper proposes a new model of integration of community group purchase and new rural logistics: two-way — double network — double platform "ecological logistics". The future application of this model is a useful support to the rural revitalization of China.
{"title":"Research on the Innovative Development of Interdisciplinary Talent Training for University Students in the Integration of Community Group Buying and New Rural Logistics","authors":"Jiali Zhu, Rouhua Wang","doi":"10.2991/aebmr.k.210803.096","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.096","url":null,"abstract":"This paper is the stage result of a study on the innovative development of college students who are instructed by teachers to participate in interdisciplinary integration. In the area of interdisciplinary talent training for foreign language majors in higher education institutions, Changchun Institute of Technology has incorporated a core course in logistics management — Logistics. The study of this course has led to a great interest in interdisciplinary integration. The interdisciplinary training students have not only participated in the innovation development related competitions and achieved good results, but also the teachers and students have jointly conducted theoretical and practical research on the integration model of community group purchase and new rural logistics. This paper proposes a new model of integration of community group purchase and new rural logistics: two-way — double network — double platform \"ecological logistics\". The future application of this model is a useful support to the rural revitalization of China.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121385776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.037
Liangchen Zhang, Xiaobing Fang
In recent years, due to the slowdown in market economic growth, the strengthening of capital flow supervision, and the rise in credit risk, China commercial banks have seen a downward trend in asset quality and capital adequacy ratios. Increasingly stringent regulatory requirements have also made capital adequacy ratios as an important assessment standard. As the profitability of some small and medium-sized banks is worrying, the space for internal capital replenishment such as traditional profit conversion and dividend conversion is gradually reduced. External sources such as convertible bonds have become the first choice for bank financing. Although commercial banks have begun to use convertible bond financing as the main direction of replenishing capital, issues such as the uncertainty of issuance and conversion, the large issuance scale, and the low stock price, and the difficulty of conversion, are still worth noting. This article will take the first china city commercial bank convertible bond "Ningbo bank Convertible Bond" as an example, study the process and effects of its issuance, and provide suggestions for listed state-owned and city commercial banks with convertible bond
{"title":"Research on the Motivation and Effect of Ningbo Bank’s Convertible Bond Financing","authors":"Liangchen Zhang, Xiaobing Fang","doi":"10.2991/aebmr.k.210803.037","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.037","url":null,"abstract":"In recent years, due to the slowdown in market economic growth, the strengthening of capital flow supervision, and the rise in credit risk, China commercial banks have seen a downward trend in asset quality and capital adequacy ratios. Increasingly stringent regulatory requirements have also made capital adequacy ratios as an important assessment standard. As the profitability of some small and medium-sized banks is worrying, the space for internal capital replenishment such as traditional profit conversion and dividend conversion is gradually reduced. External sources such as convertible bonds have become the first choice for bank financing. Although commercial banks have begun to use convertible bond financing as the main direction of replenishing capital, issues such as the uncertainty of issuance and conversion, the large issuance scale, and the low stock price, and the difficulty of conversion, are still worth noting. This article will take the first china city commercial bank convertible bond \"Ningbo bank Convertible Bond\" as an example, study the process and effects of its issuance, and provide suggestions for listed state-owned and city commercial banks with convertible bond","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"121 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121485062","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.073
Jiajia Xu
In previous studies on the impact of tourism development on the quality of life of urban residents, it is difficult to reduce the interference of non-tourism factors and highlight the direct effect of tourism on the quality of life by treating urban residents as homogeneous groups. Taking five scenic spots in Fuzhou City as example, this paper focuses on the informal tourism employees among residents. Through the analysis of 151 convenience and snowball samples, it studies the composition of their quality of life, and compares the differences in the quality of life of different employees. The results show that, different from other residents, tourism informal employees pay more attention to leisure and entertainment, work prospects, family life, work status, social communication, consumption and safety, ability development and living conditions, accounting for 58.3%. In areas where interpretation is large, happiness is generally low. The study further shows that the well-being of employed people with different demographic characteristics and employment conditions is not different in most areas of quality of life, their overall well-being is highly similar, and their well-being is at a medium level.
{"title":"A Study on Quality-of-Life Perception of Informal Employment in Urban Tourism","authors":"Jiajia Xu","doi":"10.2991/aebmr.k.210803.073","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.073","url":null,"abstract":"In previous studies on the impact of tourism development on the quality of life of urban residents, it is difficult to reduce the interference of non-tourism factors and highlight the direct effect of tourism on the quality of life by treating urban residents as homogeneous groups. Taking five scenic spots in Fuzhou City as example, this paper focuses on the informal tourism employees among residents. Through the analysis of 151 convenience and snowball samples, it studies the composition of their quality of life, and compares the differences in the quality of life of different employees. The results show that, different from other residents, tourism informal employees pay more attention to leisure and entertainment, work prospects, family life, work status, social communication, consumption and safety, ability development and living conditions, accounting for 58.3%. In areas where interpretation is large, happiness is generally low. The study further shows that the well-being of employed people with different demographic characteristics and employment conditions is not different in most areas of quality of life, their overall well-being is highly similar, and their well-being is at a medium level.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116625800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.042
Zhihong Li
The fierce competition in the market makes the enterprise enter into the times of the meager profit. Strict control of the cost in the production & operation becomes an inevitable trend. Usually, the cost of the enterprise consists of material purchase, processing and personnel management, etc. Of the different costs, the expenses of the material and human labor are becoming more and more transparent and leave less and less room to be controlled as the competition is more and more sharpened in the market. So, the enterprise must seek for the benefits from its various management like people, purchase and marketing, etc. Among these, the management of the purchase transaction cost is quite important. Therefore, the paper makes a relatively full study of the items concerning the transaction cost. First, the paper disentangles the business purchase and its features, then exposes the components of the transaction cost and its problems existing in the business purchase, and finally puts forward some tactics to control the transaction cost during the business purchase based on the block chain.
{"title":"Control of the Transaction Cost of the Business Purchase Based on the Block Chain","authors":"Zhihong Li","doi":"10.2991/aebmr.k.210803.042","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.042","url":null,"abstract":"The fierce competition in the market makes the enterprise enter into the times of the meager profit. Strict control of the cost in the production & operation becomes an inevitable trend. Usually, the cost of the enterprise consists of material purchase, processing and personnel management, etc. Of the different costs, the expenses of the material and human labor are becoming more and more transparent and leave less and less room to be controlled as the competition is more and more sharpened in the market. So, the enterprise must seek for the benefits from its various management like people, purchase and marketing, etc. Among these, the management of the purchase transaction cost is quite important. Therefore, the paper makes a relatively full study of the items concerning the transaction cost. First, the paper disentangles the business purchase and its features, then exposes the components of the transaction cost and its problems existing in the business purchase, and finally puts forward some tactics to control the transaction cost during the business purchase based on the block chain.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128573272","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.029
Yu Wu, Liangchen Zhang, Baili Yang
With the development of China's financial market, hybrid mutual funds have been favoured by the market because of their features of diversified investment objects, moderate risk and objective return rate of fund assets. This paper aims to analyze the management ability of China's hybrid mutual funds, particularly stock selection and timing ability. On this basis, the paper employs Jensen alpha model and Treynor-Mazuy Model (T-M model) to assess fund managers' stock selection and timing abilities respectively. It empirically implements Jensen's alpha and T-M model to samples of 415 China's existing hybrid mutual funds. The empirical results indicate that a) most of the mutual fund managers own strong stock selection abilities during the sample period but weak timing abilities; b) some of them have the abilities to select stocks outperformed the market as well as to time the market; c) the above abilities are positively related to the fund size in China's hybrid mutual fund market. Hybrid mutual funds in China have become an increasingly popular investment target and this paper helps to assess the performance of this financial instrument quantitatively.
{"title":"Study on Timing and Selectivity of China’s Hybrid Mutual Funds","authors":"Yu Wu, Liangchen Zhang, Baili Yang","doi":"10.2991/aebmr.k.210803.029","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.029","url":null,"abstract":"With the development of China's financial market, hybrid mutual funds have been favoured by the market because of their features of diversified investment objects, moderate risk and objective return rate of fund assets. This paper aims to analyze the management ability of China's hybrid mutual funds, particularly stock selection and timing ability. On this basis, the paper employs Jensen alpha model and Treynor-Mazuy Model (T-M model) to assess fund managers' stock selection and timing abilities respectively. It empirically implements Jensen's alpha and T-M model to samples of 415 China's existing hybrid mutual funds. The empirical results indicate that a) most of the mutual fund managers own strong stock selection abilities during the sample period but weak timing abilities; b) some of them have the abilities to select stocks outperformed the market as well as to time the market; c) the above abilities are positively related to the fund size in China's hybrid mutual fund market. Hybrid mutual funds in China have become an increasingly popular investment target and this paper helps to assess the performance of this financial instrument quantitatively.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124480174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.025
Dan Wu, Chenhui Ji
A deep exploration of the correlation analysis of energy consumption in economic industries and evaluation of carbon emission decoupling in Beijing-Tianjin-Hebei region can provide important reference for its government departments in decision-making to accelerate the formulation and improvement of energy consumption control policies and systems. In this paper, by use of the grey incidence analysis, the correlation analysis model of energy consumption and economic growth in the economic industries of Beijing-Tianjin-Hebei region was built to analyse the correlation characteristics of industrial energy consumption and economic growth in BeijingTianjin-Hebei region. Meanwhile, based on the indexes of economic output value and carbon emission efficiency in Beijing-Tianjin-Hebei region, a carbon emission increment model was set up to measure the contributions of carbon emission structure increment and efficiency increment in the region. And the Tapio elastic coefficient method was adopted to identify the decoupling trend of carbon emissions in Beijing-TianjinHebei region. Finally, the corresponding countermeasures and suggestions were put forward to provide support for the government departments of Beijing-Tianjin-Hebei region to accelerate the formulation and improvement of policies and measures for decoupling economic growth from energy consumption and carbon emissions in the economic industries of this region.
{"title":"Study on the Correlation Analysis of Energy Consumption in Economic Industries and Evaluation of Carbon Emission Decoupling in Beijing-Tianjin-Hebei Region","authors":"Dan Wu, Chenhui Ji","doi":"10.2991/aebmr.k.210803.025","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.025","url":null,"abstract":"A deep exploration of the correlation analysis of energy consumption in economic industries and evaluation of carbon emission decoupling in Beijing-Tianjin-Hebei region can provide important reference for its government departments in decision-making to accelerate the formulation and improvement of energy consumption control policies and systems. In this paper, by use of the grey incidence analysis, the correlation analysis model of energy consumption and economic growth in the economic industries of Beijing-Tianjin-Hebei region was built to analyse the correlation characteristics of industrial energy consumption and economic growth in BeijingTianjin-Hebei region. Meanwhile, based on the indexes of economic output value and carbon emission efficiency in Beijing-Tianjin-Hebei region, a carbon emission increment model was set up to measure the contributions of carbon emission structure increment and efficiency increment in the region. And the Tapio elastic coefficient method was adopted to identify the decoupling trend of carbon emissions in Beijing-TianjinHebei region. Finally, the corresponding countermeasures and suggestions were put forward to provide support for the government departments of Beijing-Tianjin-Hebei region to accelerate the formulation and improvement of policies and measures for decoupling economic growth from energy consumption and carbon emissions in the economic industries of this region.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122160214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.054
Qipeng Hu
{"title":"Personal Information Security in the Context of the Epidemic Prevention and Control","authors":"Qipeng Hu","doi":"10.2991/aebmr.k.210803.054","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.054","url":null,"abstract":"","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129784027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.024
Dan Wu, Yue Li, Renxing Yang, Yanlai Jin
The coordination degree evaluation method is used to evaluate the coordination degree of industrial water utilization structure and industrial structure in Beijing. On this basis, it is suggested to design the evaluation index system for the coordination of water resources utilization and economic development in Beijing, and the grey correlation analysis method and coordination degree evaluation method are used to evaluate the correlation degree and coordination degree between the utilization of water resources and economic development in Beijing. According to the research, it is found that during the period from the "Eighth Five-Year Plan" to "Thirteenth Five-Year Plan", the extensive degree of industrial water utilization structure in Beijing has shown a significant decline, from 0.71 to 0.36; the partiality to high water consumption in Beijing has a slight fluctuation and decline, from 0.29 to 0.09; and the coordination degree between industrial water utilization structure and the industrial structure in China has increased from 0.54 to 0.82, changing from a "comparatively coordinated" state to a "coordinated" state. The grey correlation degree between water resources utilization and economic development in Beijing has shown a slightly upward trend, from 0.59 to 0.89. The coordination degree between water resources utilization and economic development in Beijing has a small fluctuation range, increasing from 0.83 to 0.87.
{"title":"Research on Coordination Evaluation of Water Resources Utilization and Economic Development in Beijing","authors":"Dan Wu, Yue Li, Renxing Yang, Yanlai Jin","doi":"10.2991/aebmr.k.210803.024","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.024","url":null,"abstract":"The coordination degree evaluation method is used to evaluate the coordination degree of industrial water utilization structure and industrial structure in Beijing. On this basis, it is suggested to design the evaluation index system for the coordination of water resources utilization and economic development in Beijing, and the grey correlation analysis method and coordination degree evaluation method are used to evaluate the correlation degree and coordination degree between the utilization of water resources and economic development in Beijing. According to the research, it is found that during the period from the \"Eighth Five-Year Plan\" to \"Thirteenth Five-Year Plan\", the extensive degree of industrial water utilization structure in Beijing has shown a significant decline, from 0.71 to 0.36; the partiality to high water consumption in Beijing has a slight fluctuation and decline, from 0.29 to 0.09; and the coordination degree between industrial water utilization structure and the industrial structure in China has increased from 0.54 to 0.82, changing from a \"comparatively coordinated\" state to a \"coordinated\" state. The grey correlation degree between water resources utilization and economic development in Beijing has shown a slightly upward trend, from 0.59 to 0.89. The coordination degree between water resources utilization and economic development in Beijing has a small fluctuation range, increasing from 0.83 to 0.87.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133415387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-04DOI: 10.2991/aebmr.k.210803.039
Jing Cang, Fang-jeng Liu
Revealing the causes and mechanism of economic growth has always been a hot and core issue concerned and studied by economists and governments all over the world. To analyze the causes of "miracle of economic growth" in China's 40 years of reform and opening up has gone beyond the scope of the determinism of production factors of economic growth in mainstream macroeconomics. Based on the analysis of the representative views on "China's economic miracle", this paper studies the influencing factors of economic growth from multi-level, multi perspective and multi dimension. It holds that in mainstream economics, capital, labor, natural resources and technology are only the direct causes of a country' economic growth. However, the system and its changes, culture and national characteristics, government and its intentionality, which have been ignored by mainstream economics, are the internal reasons or basic support that determines the sustained economic growth and social prosperity of a country.
{"title":"The Investigation and Correction of the Mainstream Macroeconomics Theory in China’s Economic Practice","authors":"Jing Cang, Fang-jeng Liu","doi":"10.2991/aebmr.k.210803.039","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.039","url":null,"abstract":"Revealing the causes and mechanism of economic growth has always been a hot and core issue concerned and studied by economists and governments all over the world. To analyze the causes of \"miracle of economic growth\" in China's 40 years of reform and opening up has gone beyond the scope of the determinism of production factors of economic growth in mainstream macroeconomics. Based on the analysis of the representative views on \"China's economic miracle\", this paper studies the influencing factors of economic growth from multi-level, multi perspective and multi dimension. It holds that in mainstream economics, capital, labor, natural resources and technology are only the direct causes of a country' economic growth. However, the system and its changes, culture and national characteristics, government and its intentionality, which have been ignored by mainstream economics, are the internal reasons or basic support that determines the sustained economic growth and social prosperity of a country.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127771040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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