Innovative productivity and returns to scale in the pharmaceutical industry

This study shows that firms in the pharmaceutical industry experience decreasing returns to scale in R & D as the level of R & D expenditures rises. The paper presents the results of our study of the innovative output of 16 pharmaceutical firms over a 19 year period. Given the strong correlation between R & D budgets and firm size, our study suggests the wave of mergers in the industry may yield less innovative productivity than managers expect.     

国土资源行政管理的若干应用基础理论问题（下）－资源开发与资源产业

从自然资源投入产出关系分析入手 ,论述了资源产业的两大产业群———资源开发业与资源再生产业 ,揭示了其内外经济关系。     

以历史发展的观点看公共财政与"三农"问题

“三农”问题是一个受到全社会普遍关注的大问题，本从历史发展的角度，追溯了“三农”问题产生的根源，并结合实际工作，提出了按照公共财政的要求对“三农”进行扶持的主要方面。     

论西部欠发达资源丰富地区经济发展战略的重心转移—以新疆为例

西部欠发达资源丰富地区围绕优势资源实施资源开发,本来是符合经济分工和市场竞争原则的理性选择。但在实践中,又往往容易形成路径依赖,即过于依赖和偏重对自然资源的开发,使潜藏在资源开发中的商品贸易和经济竞争劣势逐渐显露出来。因此,西部必须开拓思路,超越优势资源的束缚,把开发的重心由自然资源转向知识资源,着力实施科教兴国和人才强国战略,而这些正是当前西部最欠缺的也是市场机制难以发挥积极作用的领域,需要政府强力推进和实施。     

Addressing the growth failure of the oil economies: The role of financial development

The oil exporting countries have experienced a relatively continuous fall in GDP per capita over the last 30 years. This is in spite of benefiting from a more than average of the rest of the world investment rate. The findings of this paper, report a lower level of financial development for the oil economies when compared with the rest of the world. We will show in this paper that the higher rate of investment of the oil economies can be explained mainly by the oil revenues and surprisingly, financial development has a net dampening effect on investment for these economies. The paper also shows that the weakness of financial institutions, contributes to the poor performance of economic growth of the oil economies and the weakness of financial institutions might be associated with the dominant role of government in total investment and the weakness of private sector.     

Research on the Present Situation and Countermeasure of the Development of Chinese Architectural Industry

Along with the development of Chinese social economy and the innovation of government policy, Chinese Architectural Industry is playing a more and more vital role in the entire national economy. This paper first abstracts the connotation and basic characteristic of the Architectural Industry, then discusses the present situation of the development of Chinese Architectural Industry and carries on the analysis on the entire construction industry. Finally discusses the development tendency of Chinese architectural industry, and put forward the corresponding policy proposals to its developmental strategy.     

上海石化加速乙烯发展的战略分析

入世以后上海石化面临的竞争日趋激烈，合资的乙烯装置凭借其规模大，技术先进的优势对上海石化构成竞争态势，上海石化须集中资金、发展乙烯、从而带动乙烯及其乙烯下游产品的发展，扩大规模，提高经济效益，使上海石化的实力迅速增强。     

中国城市化有关问题初探

城市化问题是当代社会经济发展的重大问题，是涉及到自然资源的合理开发利用，农村人口转化、剩余劳动力的走向以及城市工业、第三产业发展的关键问题。     

A Cross‐national Comparison of R&D Expenditure Decisions: Tax Incentives and Financial Constraints*

We provide evidence on the impact of tax incentives and financial constraints on corporate R&D expenditure decisions. We contribute to extant research by comparing R&D expenditures in the United States and Canada, thereby exploiting the differences in the two countries' R&D tax credit mechanisms and generally accepted accounting principles. The two tax incentive mechanism designs are consistent with differing views of the degree of financial constraints faced by firms in these economies. Our sample also allows us to explore the effects of capitalizing R&D on Canadian firms. Employing a matched design, we document relations between tax credit incentives and R&D spending consistent with both Canadian and U.S. public companies responding as though they are not financially constrained. We estimate that the Canadian credit system induces, on average, $1.30 of additional R&D spending per dollar of taxes forgone while the U.S. system induces, on average, $2.96 of additional spending. We also find that firms that capitalize R&D costs in Canada spend, on average, 18 percent more on R&D. Collectively, this evidence is important to the ongoing debates in both countries concerning the appropriate design of incentives for R&D and is consistent with the assumptions found in the U.S. tax credit system, but not those found in the Canadian system.     

论洪江古商城的保护与开发

洪江古商城县有独特的文化价值,是一部明清至民国的历史百科全书.其保护与开发,从对立走向统一,需要在认识与实践中创造,即坚持科学发展观,实现社会效益与经济效益的一致性,促进社会文明、生态文明、政治文明进步,促进经济社会发展.在此基础上,使保护与开发走上良性发展之路.