Founded in 1984 by renowned economists Ma Hong and Jiang Yiwei, Economy & Management Publishing House is a central-level publishing house led by the Chinese Academy of Social Sciences(CASS) and sponsored by Institute of Industrial Economics of CASS. Since its establishment, Economy & Management Publishing House has undertaken the mission of cultural inheritance, and has always given top priority to social benefits.

Over the past four decades of reform and opening up since 1978, China’s GDP has been growing at 9.5% on an annual average basis. While some scholars believe that China’s economic growth is systematically overestimated, this paper carries out an estimation of China’s underground economy and finds that due to the existence of the underground economy, China’s real GDP is systematically underestimated. China’s official GDP statistics generally reflect a real picture of its economic growth. The size of China’s underground economy is significantly influenced by total electricity consumption, the selfemployed ratio, labor participation rate and money supply. These findings are of great significance for policy-making.

During the 1980s there were many fundamental economic changes that affected Sheffield. The city lost 80, 000 jobs -about a quarter of total employment. This created wide social divisions across the City with whole communities being progres-sively excluded

In the new normal, China must develop a new economy in order to foster new engines of growth. The new economy differs from the traditional economy in many respects,such as its underlying drivers and technical, industrial and organizational characteristics.This paper reveals six aspects of the mechanism of the new economy, including firm entry strategy, new opportunities, market demand, transition of production factors, industry support and the role of the government. In addition, the operation of the new economy is explained in terms of its underlying drivers, internal operations and external environment.In the new economy, fundamental changes have occurred in monopoly, information asymmetry, externalities, public goods and information security necessitating a new regulatory approach. Regulatory reform is therefore inevitable. China should steadfastly transition from regulatory tightening to deregulation, from economic regulation to social regulation, from discriminatory regulation to fair competition, from the positive list to the negative list, from ex-ante review and approval to ex-post supervision, and from specialized regulation to integrated regulation. Innovations must be encouraged through the use of"regulatory sandboxes."

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Currently, how to further improve and perfect construction economic cost management,minimizing construction economic management cost and construction investment of the enterprise have become the important content for the daily management of construction enterprise managers. This article focuses on the construction economy under the conditions of market economy cost management, analyses related concepts and existing questions, and proposes targeted recommendations of the problem.

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This paper represents an early attempt to investigate whether digital finance driven by the internet revolution helps promote inclusive growth in China. We match the Index of Digital Financial Inclusion, which measures digital finance development in China, with data of the China Family Panel Studies(CFPS), which provide representative household survey data in China. Firstly, based on sub-sample empirical analysis, we find that digital finance has helped increase household income, especially rural household income, in China. Thus, digital finance is conducive to inclusive growth in China by narrowing regional and urban-rural gaps. Secondly, we examine how digital finance spurs inclusive growth in China by bringing rural households equal access to entrepreneurship opportunities. Lastly, we uncover how digital finance interacts with physical capital and social capital in promoting entrepreneurship, concluding that households with less physical or social capital had benefited more, which is also conducive to inclusive growth.

With the increasingly prominent problems of ecology, environment and resources in China, green economy development is becoming more and more urgent. Innovation has become the key driving force of economic development. Economic development of Huangshan City should take the road of "green development " and combine economic development with ecological protection. This paper designs the measurement index of innovation and green economic development, and makes an empirical analysis based on the data of innovation and green economic development in Huangshan City from 2005 to 2016. It is concluded that the index of innovation and green economic development in Huangshan City shows an increasing trend. Innovation has a positive role in promoting green economic development in Huangshan City. Therefore, Huangshan City should strengthen regional innovation management, create regional innovation environment, strengthen cooperation between industry, University and research, increase support for green innovation, promote technological innovation of recycling, and promote the construction of circular economy.

Poverty alleviation through tourism has become one of the most important strategies in the battle against poverty. Under the eco-economic environment which is increasingly attached great importance to, the development path of poverty alleviation through tourism needs to be reconsidered. Based on the intrinsic relationship between eco-economy and poverty alleviation through tourism, the existing problems in the development process of poverty alleviation through tourism, and a development path of poverty alleviation through tourism is constructed in five aspects, namely, building an ecological anti-poverty and mutual aid system, innovating the development of tourism product, forming an ecological poverty alleviation mechanism, lifting the poor out of poverty with dignity, and building a good ecological governance.

A tourist vacation that integrates leisure and learning has become a new fashion. In line with this development trend, rural tourism with unique charm has developed well. However, the delay and asymmetry of information in the development of rural tourism lead to the coexisting contradiction between lack of a large number of resources idle and the inability of satisfying tourists’ deep experience. The sharing economy can help match the supply and demand sides precisely to improve the efficiency of use of idle resource. The sharing economy is integrated into the development of rural tourism. Through the Internet platform, it can effectively realize the maximum use of idle resources of rural tourism, to promote green sustainable development of rural tourism in the context of sharing economy.

Ｉｎ ａｎ ｏｐｅｎ ｅｃｏｎｏｍｙ，ｅｍｂｏｄＩｅｄ ｃａｒｂｏｎ ｄＩｏｘＩｄｅ ｅｍＩｓｓＩｏｎｓ Ｉｎ ＩｎｔｅｒｎａｔＩｏｎａｌ ｔｒａｄｅ ｓｈｏｕｌｄ ｂｅ ｔａｋｅｎ Ｉｎｔｏ ｃｏｎｓＩｄｅｒａｔＩｏｎ ｔｏ ｓｃＩｅｎｔＩｆＩｃａｌｌｙ ｄｅｆＩｎｅ ｅａｃｈ ｃｏｕｎｔｒｙ＇ｓ ｅｍＩｓｓＩｏｎｓ ｒｅｓｐｏｎｓＩｂＩｌＩｔｙ．Ｉｎ ｔｈＩｓ ｓｔｕｄｙ，ａ ｍｕｌｔＩｒｅｇＩｏｎａｌ Ｉｎｐｕｔ－ｏｕｔｐｕｔ ｍｏｄｅｌ Ｉｓ ｃｏｎｓｔｒｕｃｔｅｄ ｔｏ ｃａｌｃｕｌａｔｅ ｔｈｅ ｅｍｂｏｄＩｅｄ ｃａｒｂｏｎ ｄＩｏｘＩｄｅ ｅｍＩｓｓＩｏｎｓ ｏｆ ２５ Ｗｏｒ．．．