UK Food and Fashion Promoted Online in China

【正】It will be easier for Chinese consumers to get access to British food and fashion,thanks to the new online initiatives of the UK in China’s fast-growing e-ma...     

China Pavilion Embraces Cooperative Partners for the 2012 Yeosu Expo

"So far, two companies have become the global partners of the China Pavilion for the 2012 Expo Yeosu Korea and more domestic companies are encouraged to participate in the Expo.Enterprises may enhance their strength via the Expo, a platform to exhibit technologies and culture," Zhao Zhenge, Deputy Secretary-General of the Organizing Committee of China Pavilion for the Yeosu Expo and the Chinese government representative for the Yeosu Expo, said at the press conference.     

China＇s Retail Industry Expands Continuously

China＇s retail industry is expected to surge continu- ously in the future, fuelled by the strong growth of Chinas consumption expenditure and the rapid emergence of the middle-class, said a recent repo...     

Information flows within and across sectors in Chinese stock markets

We examine the patterns of information flows within and across sectors of the two Chinese stock exchanges in Shanghai and Shenzhen during 1994–2001. Using the generalized forecast error variance decomposition, we find a high degree of interdependence, indicating that the sectors are highly integrated and sector prices reflect information from other sectors. Industry is the most influential sector in both exchanges, while Finance in Shenzhen is the least integrated with other sectors. Implications of the findings for investors and policymakers are also discussed.     

IMF救援方案宏观绩效的实证研究

本文采用面板数据模型和事件分析法考察了1995—2002年间接受IMF救援的韩国、泰国、罗马尼亚、墨西哥和哥伦比亚等五国的宏观经济绩效，发现IMF救援方案对受援国内部平衡指标并无明显作用，对外部平衡的恢复却起到一定的积极作用，而且这种积极的作用在接下来两年中一直有效。但通过进一步研究，叉发现这种积极作用的实现是以抑制经济的短期发展为代价的，这可能导致受援国在未来的某个时间再次需要IMF的援助。因此本文认为当前迫切地需要对IMF的救援机制进行改革。     

Convergence of productivity: a comment

We find that an important programming error was made by Hobijn and Franses ( 2000 ) in conducting multivariate stationarity tests. The empirical results in their paper are subject to errors. Other studies that have used the coded algorithm of Hobijn and Franses are likely to suffer the same problem. Copyright © 2006 John Wiley & Sons, Ltd.