The Analysis and Modification of Opportunity Cost of Investment

We think we should use basic return rate of industry to measure the opportunity cost of capital and use the rule of Maximum NPV （Net Present Value） to modify the wrong solution in the book.     

Definitions and progress of ecosystem health and ecological security

1. Introduction Development of human industrial civilization and predatory exploitation of natural resources have in- duced tremendous changes of ecological environment. In recent years, territorial and global environmental problems have increased, such as greenhouse effect, depletion of ozone, global warming, water scarcity, water pollution, acid rain, decrease of biodiversity, soil erosion desertification etc. These changes seriously intimidate the health and security of ecosystems, and dist…     

Thoughts and Countermeasures of Agricultural Revolution in Science and Technology

As science and technology is the first productivity, this paper, through investigation of agricultural revolution in science and technology, proposes the countermeasures to the agricultural revolution in science and technology. The author hopes it can promote the realization of rural prosperity, peasant＇s richness and agricultural development in some degree.     

An Analysis of Energy and Environment Efficiency of China’s Iron and Steel Industry

Due to heavy energy consumption and low technical efficiency, China’s iron and steel industry is trapped in the dilemma “large but not strong”. This situation not only exerts enormous pressure on energy security but also on increased carbon emission and environmental pollution. The contribution of this study is to calculate the energy and environment efficiency of China’s iron and steel industry and to analyze the factors affecting this efficiency. An index of energy and environment efficiency is introduced based on Directional Slacks-based Distance Measure Model. This index is adopted to measure the energy and environment efficiency of China’s iron and steel industry using 2,382 firm observations during 2001 to 2005. In addition, Hierarchy Linear Model (HLM) is applied to analyze the factors which can influence the efficiency with both firm-level and province-level data. The conclusions are as follows: The energy and environment efficiency of China’s iron and steel industry did not have a significant change during the research period. A firm’s age, size, ownership, product category and the economy of its province have significant influence on its energy and environment efficiency.     

The process and a simple logic of ‘meso’. Emergence and the co-evolution of institutions and group size

‘Summing-up’ aggregation of micro decisions contrasts with structural emergence in complex systems and evolutionary processes. This paper deals with institutional emergence in the ‘evolution of cooperation’ framework and focuses on its size dimension. It is argued that some ‘meso’ (rather than ‘macro’) level is the proper level of cultural emergence and reproduction. Also Schumpeterian economists have discussed institutions as ‘meso’ phenomena recently, and Schelling, Axelrod, Arthur, Lindgren, and others have dealt with ‘critical masses’ of coordinated agents and emergent segregations. However, emergent group size has rarely been explicitly explored so far. In an evolutionary and game-theoretic frame, ‘meso’ is explained in terms of a sustainably cooperating group smaller than the whole population. Mechanisms such as some monitoring, memory, reputation, and active partner selection loosen the total connectivity of the static and deterministic ‘single-shot’ logic and thus allow for emergent ‘meso’ platforms, while expectations ‘to meet again’ remain sufficiently high. Applications of ‘meso-nomia’ include the deep structure of ‘general trust’ and macro-performance in ‘smaller’ and ‘well networked’ countries which helps to explain persistent ‘varieties of capitalism’.     

Analysis of Components of Online Shopping and Their Relative Value

Empirical exploration of how online consumers interpret and value the marketing communication embedded in shopping components has the potential to advance knowledge of online consumer behavior and to inform design decisions concerning consumer-oriented Web sites. To date, little research has been completed regarding how components hinder or aid consumer perceptions of the online marketing message. This paper investigates the relative importance of online shopping components for online consumer shopping. The important and relative issues surrounding online shopping are explored, finding the core components of convenience, access to information, and trust. These components were then implemented in an online shopping task. Respondents considered thoughtfully marketing messages that involved issues of minimizing travel, information access.     

The Urbanization of Chinese Midland and the Development of SME

The dual structure of industrialization and urbanization in China causes domestic under-demand in recent years. The development strategy of the small town determines the economy can only meet lower equilibrium. The route that emerges in the Midland is chosen to develop the regional key city or city to enclose actively, but this process will lead to new non-equilibrium that is pulled by the investment of government. Establishing a two-product model, this paper verifies that the endogenous motive force of growth of the urbanization is the division of labor, which also promotes the SME. So we draw a conclusion that the SME is the main force that can promotes the urbanization of the Midland.     

‘Geopolitics of Integration’ and the Imagination of South America

The main tenet of this article is to argue that the process of regionalisation in Latin America is entering into a new phase, where South America is consolidating an own process of regional integration. From being not more than a geographical expression, South America is rapidly becoming a political and economic entity with increasing international actorhood. One important difference to the past is that there is now a ‘core state’, Brazil, with a clear strategy directed towards deepening South American integration. Yet, Brazil is not alone; there is also an increasing convergence with other South American states and old rivalries are being substituted for increased cooperation in areas such as economy, infrastructure, energy, security or aid. As this article explains, the logic of action of the forces behind the process of integration can be understood by analysing the evolution of South American geopolitical current called ‘geopolitics of integration’.     

Present situation and countermeasure research of economic structure of Shaanxi Province

Economic structure is a significant factor impacting economic growth and economic growth quality. In this paper, the present status of economic structure of Shaanxi Province is analyzed, and available primal problem is indicated. There have been a lot of problems in economic structure of Shaanxi Province, mainly including slow tertiary industry development, comparatively grave unbalance of light and heavy industries proportion, lagged development in high and new technology industries, high industry convergence degree, low scale effect, slow agriculture expanding and so on. Meanwhile, homologous countermeasure is given in this text： we should develop tertiary industry with tourism as the leading role energetically to promote industrial hierarchy, impulse structural rationalization of foreign trade through international cooperation and competition, accelerate the industrialization, promote industrial structure upgrade, develop the high and new technology industries quickly, accelerate the promotion of industry scale effect and expedite expansion of industry colony. We should also develop superior industry, reduce industry convergence degree, and develop the agriculture energetically to promote the industrialization and modernization of agriculture. These points are given in the interest of supplying gist and reference to government in industrial structure adjusting and policy making.     

Rejuvenating Northeastern Area and Reforming the System of Investing and Financing

The system of investing and financing in northeastern area has the character of planned economy. Project conducting is our main strategy in any large-scale area rejuvenating plan, which has been proved lack of sustainable development. This paper proposes some suggestion to reform the system of investing and financing.     

Sustainable Development and Spatial Distribution of Industries

At the cost of overdrawing from the environment, spatial distribution of industries takes promoting the economic growth as goal and makes the overload of industries coexist with the unreasonable arrangement in some areas, which is unable to satisfy the demand of sustainable development. To change the present development model, the spatial distribution of industries must coordinate with the environmental bearing capacity. The present practice we take to change resources distribution to meet the existing arrangement of industries will bring incredible calamitous consequence to the development in the future. To make industry‘s arrangement coordinate with ecological environment, and to adopt the method similar to “arranging along the rivers” should become the guidefines of spatial distribution of industries.     

Discreet and Hegemonic Borderscapes of Galilee: Lebanese Residents of Israel and the Israel–Lebanon Border

ABSTRACT

Following the processual shift in border studies, recent concepts such as “borderities” and “borderscapes” allow for original analyses that give voice to multiple agents alongside that of the nation-state in bordering processes, elucidate the links between border representation and border experience, and establish borders as both “markers of belonging and places of becoming”. This article will explore the potentials of these concepts when applied, not to the highly mediatised Separation Fence in the West Bank, but to a less studied border that reveals parallel evolutions in Israeli borderities and contemporary Middle Eastern borderscapes: the Israel-Lebanon border. It will focus on a marginal and little known phenomenon, that of the migration of Southern Lebanese to Israel. The creation of the State of Israel at the expense of Pan-Arab and Palestinian national aspirations has laid the foundations for a diversified relation to this border amongst inhabitants of the Galilee today depending notably on their belonging to the indigenous Arab population, or the more recently settled Jewish population. Through an analysis of two groups of Lebanese migrants, who, although originating from the same villages in Lebanon, settled respectively on opposite sides of the Arab/Jewish divide in Galilee, we will see how different patterns of border crossings produce different levels of interiorisation of the Israel-Lebanon border and different uses of categories of identity and meaning defined by it. Reterritorialised in either of Galilee’s superimposed geographies, Southern Lebanese migrants reveal two alternative Galilean borderscapes, one normative and hegemonic, partaking in the “national order of things”, the other discreet and alternative.     

Asset Prices and the Financial Crisis of 2007–09: An Overview of Theories and Policies

The financial crisis of 2007–09 has led to a rethinking of the role of monetary and financial regulatory policy. It has also called into question the benefits of financial innovation and monetary policy that focuses solely on inflation and the output gap. This paper discusses financial instabilities in general, the recent financial crisis as well as the appropriate role of monetary and financial regulatory policy in dealing with asset bubbles. The paper concludes by evaluating appropriate policies to reduce the economic impact of future financial crises.     

Exogenous and Endogenous Attention and the Convergence of Analysts’ Forecasts

The propensity of the forecasts of sell-side financial analysts to converge (or diverge) is a function of their exogenous and endogenous selective attention and overconfidence. When returns are negative, the endogenous form of selective attention—a static measure of analysts’ goal-driven attention at a particular point in time—has a positive association with convergence. The exogenous form of selective attention—a relatively involuntary dynamic process of exogenous attentional shift driven by external changes in the market over time—is associated with a tendency for forecasts to diverge.     

Research on the Trend of Evaluation and Examination of Human Resources

In this paper, we will discuss the main changes about human resources which have shifted from personnel management focusing on ＂annual achievement based salary system＂ and educational background preferred to the evaluation and examination based on capability.     

The Reform of Planning and Investment System

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Competition and monopoly of Chinese rural groundwater market：structure and determinants

China is facing severe problem of water scarcity.Agricultural sector,the main consumer of water resource,has remarkably changed its institutions on water resource deployment,due to heavy environmental pressure.As a new and spontaneous institution,groundwater market has developed rapidly in northern China,and has impacts on waterusing behaviors and benefits of farmers.Using household survey data from Hebei and Henan in 2007,this paper attempts to pin down the development and operating of groundwater market in rural China.We focus on the monopoly and competition in the market.Empirical analysis reveals that Chinese farmers are trying to make rational decision when they compete with others in groundwater market.In general,monopoly is not fierce in Chinese rural groundwater market,with great variations among different villages and even different tubewells within one village.Tubewell costs,regulation and the density of tubewells are the main determinants that affect monopoly level of groundwater market.To make water market benefit more and more farmers of low income,corresponding policies are needed to modify its development in the future.     

The Cosine-Shaped Pattern of Innovations and Technological Advantages： Theory and Evidence

Using data from 24 OECD countries, we find that the relationship between a country＇s R＆D investment and technological advantage in a sector （measured by the country＇s labor productivity of the sector relative to the rest of the world） is non-monotonic. In particular, for countries whose technology levels are much lower or higher than the rest of the world in a sector, their sectoral R＆D investment declines as their advantages in the sector improve; for counties with middle technology levels, the opposite is true. Extending the Eaton and Kortum framework, we develop a static model to theoretically analyze the relationship between R＆D investment and technological advantages. We show that when the research efficiency in a sector is sufficiently elastic with respect to the sectoral technological advantage, a country＇s R＆D investment increases with its technological advantage, and vice versa.     

“Probability of risk aversion” and other applications of derivatives of the certainty equivalent

“Probability of risk” aversion is principally concerned with reactions to scaling up of probabilities of non-zero values of a non-positive random variable by a common factor. Decreasing probability-of-risk aversion is defined and shown to be equivalent to ordinary risk aversion. Implications of this for insurance are pointed out. The sort of scaling involved is the same as that involved in “self-protection,” and it is shown that, for any expenditure on self-protection, say x, a concave utility function will prefer a coinsurance policy, costing x, which leaves probabilities unchanged, but scales down loss amounts by the same proportion as probabilities are scaled under self-protection. Properties of several comparative concepts of decreasing risk aversion are established. Derivatives of the certainty equivalent (CE) are used to elucidate well-known comparative static results in models of expected utility maximization. Finally, the study proves that concavity of the CE implies convexity of the coefficient of absolute risk aversion and examines the role of curvature of the CE in exploring relationships between properties of risk vulnerability, properness, and standardness.