论近代广西经济发展对广东区域经济发展的推动

近代广西农业、工商业发展对广东区域经济发展的促进作用主要体现在三个方面：一是为广东外贸发展提供货源；二是为广东城镇居民提供日常生活所需的粮油、牲畜等消费品；三是为广东城镇工业发展提供市场环境。     

中国油气国际合作区域战略研究

中国油气国际合作广度和深度不断加大，应注重区域差异。油气资源在世界上的分布大体上可以确定为六大重点区域。文章提出了特征一功能定位一舍作策略（Trait—Functions—Tactics，TFT）三位一体的国际油气合作区域战略选择的逻辑范式。根据国际油气区域合作逻辑模型以及全球油气重点区域特征，将世界油气六大重点区域在中国油气国际合作的战略功能定位划分为四个类型，即国家油气供应安全战略保障型、国家油气供应安全战略支撑型、国际油气合作拓展型和国际油气合作市场型。根据不同战略功能定位．提出相应的油气国际合作区域战略。     

中国省区市场整合测度及其俱乐部整合特征

本文采用价格法对中国省区市场整合进行了测度,并以此为基础归纳了省区市场整合的四个特征。研究表明,我国大部分省区市场是整合而非分割的,省区市场整合存在区域差异,东部地区市场整合程度最高,但省区是否相邻不影响市场整合的测度结果。在省区两两市场整合测度的基础上,本文进一步研究了省区之间的俱乐部整合情况,结果发现在市场总体整合程度稍低的中、西部地区存在大量整合俱乐部。     

国际油价波动与石油冲击——基于符号约束VAR模型实证分析

本文利用符号约束识别VAR模型,区分国际石油市场中基本面冲击与非基本面冲击,并考察他们对石油价格影响的相对重要性。我们发现,虽然供需基本面冲击解释了石油价格的大部分波动,但非基本面(投机)冲击对国际石油现货价格仍具有不可忽视的影响。尤其在2007～2008年间,投机冲击一定程度上扭曲了石油市场的价格形成机制,导致油价显著偏离供需基本面决定的价格水平。     

对外贸易、市场整合与地区经济增长——基于bootstrap面板因果检验

本文利用省级面板数据首先证实对外贸易、市场整合与地区经济增长存在收敛的趋势,中部地区的市场整合程度高于东、西部地区。在此基础上,运用bootstrap面板因果检验按东、中、西3个区域面板重点分析个体省份对外贸易、市场整合与地区经济增长的关系。结果表明,对外贸易和市场分割有助于省域经济增长,不同区域均存在对外贸易替代区际贸易的倾向。沿海地区对外贸易在促进地区经济增长的同时缺乏经济发展反哺对外贸易的循环机制,内陆部分省份的对外贸易是经济增长的自然外溢。地区市场分割或整合是区域异质性下地方政府的人为策略。为了加快全国市场一体化建设,避免区域"马太效应"的扩大,应促使东部地区率先打破市场分割,中部地区的崛起也对此具有重要意义。     

中国成品油定价机制：基于计量模型的一个解释

随着我国石油消费量不断增长、石油对外依存度不断上升,我国国内出现了“油价倒挂“、“油荒”等关系国计民生的严重问题。论文选取了2007年3月到2010年5月的国内成品油和国际原油市场价格数据通过实证研究发现：国际原油价格和国内物价总水平是影响我国成品油市场价格的两个主要因素,国内的成品油价格与国际原油市场挂钩的市场化改革的同时,争取做到与我国宏观经济运行周期和宏观调控政策相一致,才能保证能源的可持续利用。     

Indonesia's Transition to a Net Oil Importing Country: Critical Issues in the Downstream Oil Sector

Given its limited oil reserves and increasing petroleum product consumption, Indonesia will become a net oil importer in the near future, facing increasing petroleum product imports while continuing to export still available but diminishing crude oil This paper examines the implications of that prospect for Indonesia's terms of trade, assessing the future supply and demand balance in the domestic market The assessment includes a petroleum price forecast vis-à-vis the international market, in which Indonesia imports more valuable products while exporting less valuable crude oils To meet this challenge, the key policy issue in the downstream oil sector is the need to bring private participation into the refining and retailing business, by means of a freer market pricing policy and private access to the domestic market.     

徐州工程机械集团区域市场营销分析

一个整体市场总是由于经济、文化等方面的原因被分割成若干区域,不同区域市场,其市场特点,市场容量和市场进入方式都存在着差异。因此,企业为取得理想的营销效果,应针对不同的区域市场,采取不同的营销策略。本文拟在区域经济学和市场营销学的理论基础上,结合徐州工程机械集团     

我国石油开采行业的垄断行为分析

能源产业作为国民经济的命脉产业,其重要性不言而喻。我国近年来对石油产业不断的发展和改革,形成了中石油、中石化和中海油三大巨头垄断的市场结构。本文以石油和天然气开采行业为代表①,运用哈佛学派SCP分析范式对我国石油开采行业进行垄断行为分析,通过市场结构、市场行为以及市场绩效的分析,反映出我国石油开采行业的效率不高,并对产业的进一步改革提出相应的建议与对策。     

高油价背景下我国石油期货的发展

随着世界经济的复苏,世界各国对石油的需求旺盛,供给比较紧张等原因,使油价逐步攀升而且居高不下,并有继续攀升的势头。我国是石油消费大国和进口大国,已经开设了燃料油期货市场,但是市场品种单一,仍然面临被动地接受国际油价的局面。在这样的背景下,我国应该大力发展其他的石油期货品种,完善原油、燃料油和成品油价格形成机制,使我国逐步成为影响世界油价的重要因素,同时也为我国石油相关企业提供套期保值的场所。     

Forecasting regional cellular communication markets

The paper examines the problem of modeling of regional cellular communication markets. It analyzes the situation in several regions to reveal common patterns, because knowledge of the dynamics of more advanced regions can be used as the basis of forecasts for other regions. A model is proposed to refine forecasts if some special changes are detected in the regional market behavior. The notion of “allied” market is introduced and a forecast based on the “allied” regional market path is offered using Kurgan oblast as a case study.     

要素市场化配置程度测度、区域差异分解与动态演进——基于中国省际面板数据的实证研究

文章构建了基于市场化配置程度、市场化运作程度以及市场准入程度三大子系统52个具体指标的中国要素市场化配置程度综合评价指标体系。利用熵值法测算出2005-2018年中国要素市场化配置程度综合指数以及三个子系统指数,并运用Dagum基尼系数和Kernel密度估计方法揭示要素市场化配置程度的区域差异及演进趋势。研究发现：中国要素市场化配置综合指数总体表现为上升的趋势,市场准入程度相对于市场化配置以及市场化运作水平较高;中国要素市场化配置程度区域发展不协调,水平由高到低依次为东部-东北-中部-西部地区;中国要素市场化配置水平的区域差异主要来源于区域间差异,且东部-中部、东部-西部、东部-东北部地区间差异呈扩张趋势,中部-西部、中部-东北、西部和东北地区区域间差异呈逐步缩小趋势。文章为构建要素市场化配置综合评价指标提供有力的实证支撑,同时为提高中国及四大地区要素市场化配置水平提供有效的依据。     

Efficiency vs. equity as China's national carbon market meets provincial electricity markets

Emissions reduction in the electricity sector is critical in achieving China's carbon neutrality target. While a national carbon trading market that covers the electricity sector has been established, its effectiveness depends on how this sector evolves into being a more integrated market. This study evaluated the impact of China's electricity market integration on the cost-effectiveness of carbon pricing. An integrated (regional electricity market) and a segmented (provincial electricity market) market scenario were used to identify possible reform paths going forward. Using high-frequency datasets of the five southern provinces in 2018, we assessed the impact of electricity market integration on the abatement potential and cost-effectiveness of carbon pricing. We found that carbon prices need to be as high as 200 yuan/ton to begin achieving overall carbon reduction. In this context, the regional market is more cost-effective in reducing emissions than the provincial one, as the abatement costs are saved by around 60% compared to the latter under the same emission reduction targets. However, the regional market may also raise potential equity issues. The provincial-level distribution of carbon emission reductions, as well as the withdrawal of coal power, are more concentrated in the regional market than in the provincial one, which indicates an inequitable social-economic-environmental impacts of market integration. Our research findings would help to improve policymakers' understanding of the interaction between carbon pricing and electricity market reforms. This would then assist them in coordinating an effective design of both the carbon and electricity markets, in addition to supporting China's carbon neutrality target.     

基于藤Copula的中外原油市场联动性研究

利用规则藤Copula模型对北大西洋布伦特原油(Brent)、西德克萨斯轻质原油(WTI)、迪拜(Dubai)、米纳斯(mns)、辛塔(xt)、大庆(dq)共6个原油市场进行建模，将6个地区原油市场间的联动性纳入一个模型之中，探讨金融危机前后我国与其他5个国际原油市场间的相依结构的变化。结果表明，金融危机的发生加深了国内外原油市场间的联动性；大庆作为藤结构第一棵树的根节点，与其他5个原油市场的联系最为紧密且均存在正向联动性，其中与米纳斯和辛塔的联动性最显著；北大西洋布伦特原油比美国西德克萨斯轻质原油对我国原油价格的影响更大。     

Is the leadership of the Brent-WTI threatened by China’s new crude oil futures market?

The recent listing of a new crude oil futures contract on the Shanghai International Energy Exchange (INE) has reopened the debate over whether crude oil produced in different countries or locations constitutes a unified world oil market. The aim of this paper is to study the information flows among Brent, West Texas Intermediate (WTI) and the new Medium Sour Crude Oil (SC) futures contract listed on INE futures markets to assess whether the trading of this new futures contract has altered the dominant role of the most traded oil benchmarks in the world. A multiple regression model identifies the Brent futures market as the most influential market in the oil price discovery process, while WTI appears to be the most sensitive. Furthermore, we have observed that SC does not influence any market and it is only sensitive to Brent news, even though WTI is the most heavily traded futures contract. Therefore, the launch of the SC futures contract has not yet altered the dominant role of Brent over WTI.     

Empirical study on intra-regional bond investment: an application to East Asia

Since the 1997 Asian financial crisis, bond market development has been one of the central pillars of financial cooperation in East Asia, with concerted efforts made by the East Asian economies to integrate regional bond markets. As a result, aggregate intra-regional bond investment expanded from US$49.56 billion in 2003 to US$352.18 billion in 2017. This paper examines the pattern and determinants of intra-regional bond investment in East Asia. We analyse regional foreign holdings of long-term and short-term bonds in eight East Asian economies. Bond market size turns out to be the main concern of regional foreign investors participating in East Asian long-term bond markets. This analysis also highlights the importance of bond issuance and bond yield volatility in attracting regional foreign short-term bond investment. Therefore, initiatives to improve regional bond market development may be crucial to stimulating intra-regional bond investment and in turn enhance East Asian financial stability.     

Bank deposit interest rate pass-through and geographical segmentation in Japanese banking markets

This paper estimates the pass-through from market interest rates to deposit interest rates to investigate whether the Japanese bank deposit markets are geographically segmented. A unique feature of this paper is the use of monthly deposit interest rates posted by 106 regional banks from March 1999 to March 2010. Following the theoretical results from a simple banking activity model with Cournot competition, I estimate the long run pass-through of each regional bank utilizing the panel cointegration method. The empirical results of this paper show a significant negative correlation between regional market concentration and pass-through, which implies the existence of geographical market segmentation.     

创立西部特色经济的三个问题

西部大开发是中国经济发展战略的重要组成部分。西部必须从三个方面入手,建成具有特色的区域经济。即创立新的经济发展主体,建立特色区域经济发展的根本动力,构筑新的产业结构,培育特色区域经济产业支柱和实施新的块状形产业市场,形成特色区域经济地区重点。     

我国区域性场外交易市场风险探究

随着我国多层次资本市场建设步伐加快,各地方政府纷纷兴建区域性OTC市场,但由于标准不一、监管混乱等问题,风险日益凸显。本文从OTC市场参与者的角度分析了区域性OTC市场面临的主要风险,并结合我国场外交易市场的发展现状,在系统研究区域性OTC市场风险成因的基础上,提出了相关的政策建议。     

东北油气产业与区域经济协调发展关系研究

油气产业与区域经济协调发展是东北地区可持续发展的重要内容之一。本文构建了油气产业与区域经济协调发展的评定指标体系,采用主成份分析法,利用SPSS12.0和EXCEL软件对油气产业与区域经济的发展状况进行打分,并进一步构建协调发展关系模型,对二者之间的协调发展关系进行定量评价。