工业与农业相互依存的内生增长模型——工业反哺农业的理论基础

通过吸收内生增长理论的思想,将两部门的技术进步同时内生化,本文提出了一个工业和农业相互依存的二元经济内生增长模型,并以此对目前争议颇多的"工业反哺农业"的时机和政策问题,从二元经济结构转换的角度进行了分析.本文认为,通过促进农村劳动力向工业部门转移可以推动中国经济的持续增长,加大对农业的投入和加快资本积累是推动农村劳动力转移、实现二元经济结构转换和经济持续增长的关键,因此工业反哺农业是我国经济均衡发展的必要条件.     

武汉市城市化进程实证分析

本文基于武汉市1990年、2000年人口普查资料和各乡镇、街道1949～2002年户籍人口统计资料,对武汉市城市化历史进程、现状、市内城市化差异进行综合实证分析.研究表明:从1949～2002年,武汉市城市化进程曲折缓慢,武汉市城市化水平较低,城市化水平明显落后于工业化和非农就业水平,城区与郊区之间城市化进程差异明显.变"在控制中发展"为"发展中控制"是武汉市城市化发展的必由之路.     

农村建设小康社会的实现途径——学习党的十六大报告的体会

十六大报告是指引中国人民实现社会主义现代化第三步战略目标的行动纲领 ,提出了全面建设小康社会的主题。 2 0 2 0年能否顺利进入小康社会的关键在于如何尽快优化二元结构 ,推动农村经济的发展 ,解决“三农”问题。对农村生产方式进行革命性的变革是解决“三农”问题的根本途径 ,要加快农村城镇化 ,促进农村剩余劳动力的转移。     

How it all began: the rise of listing requirements on the London, Berlin, Paris, and New York stock exchanges

The issue of accounting standards for foreign securities listed on a stock exchange arose gradually over the period 1825-1914 among the leading exchanges in the first global financial market—London, New York, Paris, and Berlin. Comparing their listing requirements on the eve of World War I, we find that the London and New York exchanges were most detailed, reflecting their common-law legal environments and their status as self-regulating organizations. The evolution of listing requirements in London and New York therefore influenced the development of accounting standards in those countries. By contrast, Paris and Berlin relied on validation of a security by political authorities. One result of these differences in legal and political environments was that American railroads issued the only securities to be listed on each of the four exchanges.     

To praise or not to praise- Role of word of mouth in food delivery apps

This study examined the determinants of word of mouth, using the dual-factor theory in the context of food delivery apps (FDA) during the ongoing Covid-19 pandemic, which has created unique challenges and opportunities for the hospitality industry. We proposed and tested an integrated model by examining both enablers (i.e., trust, perceived benefit, quality control) and inhibitors (i.e., advertisement overload, perceived threat, quality issues) of FDA usage as antecedents of positive word of mouth (PWOM) and negative word of mouth (NWOM). Our results revealed that trust and perceived benefit drive PWOM, while advertisement overload and quality issues lead to NWOM. We also found some counterintuitive and unique results; for instance, perceived benefit leads to NWOM, the perceived threat does not result in NWOM, and quality control does not necessarily result in PWOM. Through these findings, we provide empirical evidence and recommend managerial interventions to help restaurant owners and FDAs navigate crises like the ongoing pandemic.     

Price differences between equity classes. Corporate control,foreign ownership or liquidity?

This paper is the first comprehensive study of price differences for dual class equity at the Oslo Stock Exchange. It analyzes the relative importance of corporate control, foreign ownership restrictions and stock market liquidity for the price differences. The Norwegian market has the peculiar feature that in part of the sample period non-voting shares were trading at a premium to voting shares, i.e., what is usually termed the “voting premium” was negative. This result can be rationalized by restrictions on foreign ownership. In the later part of the period, with no regulatory restrictions on foreign ownership, the voting premium is positive, and related to corporate governance and liquidity.     

Tax treatment of dividends and capital gains and the dividend decision under dual income tax

The paper analyses efficiency aspects of a dual income tax system with a higher tax on capital gains than dividends. It argues that apart from the distortions to investments claimed in earlier literature, the system puts even more emphasis in creating incentives for entrepreneurs to participate in tax planning. The paper suggests that the owner of a closely held company can avoid all personal taxes on entrepreneurial income by two tax-planning strategies. The first is the avoidance of distributions, which would be taxed at the tax rate on labour income. These funds would instead be invested in the financial markets. The second strategy is a distribute and call-back policy, converting retained profits into new equity capital. Interestingly, the outcome is that investment in real capital is not distorted in the long-run equilibrium. Empirical evidence using microdata is also provided.      

城乡二元结构与公共分配制度的作用机理分析

目前我国正处于从典型的城乡二元经济向现代经济的转型过程中,城乡二元结构是制约经济社会协调发展的主要因素.在城乡二元结构形成与固化的多重因素中,长期实行的城乡不同的公共分配制度是主要根源之一.通过对中国二元结构的界,分析了中国城乡二元结构的形成路径,阐述了城乡公共分配制度差异的调节机理,结合中国城乡公共分配制度的差异情况,提出了公共分配制度创新的着力点.     

基于“二元经济结构”的人民币汇率制度转换研究——运用三元模型

本文以26个具有“二元经济结构”特征的转型经济国家为样本,通过建立三元模型,对这些国家从1995￣2004年期间汇率制度转换情况进行了实证研究。结果表明,模型中的解释变量和反映“二元经济结构”特征的控制变量均具有很强的显著性,模型可靠稳定。最后,将我国的数据代入到模型中进行模拟和预测,得出了人民币汇率制度从1995年以来就应该向更加浮动的方向转换的结论。因此,应该把握当前有利时机,积极地向更加灵活的、有管理的浮动汇率制度的新框架进行转换。