China's macroeconomic stability – an empirical study based on survey data

A complete financial stability analysis should include investigation on macroeconomic stability since macroeconomic development and potential imbalance can increase the financial instability and trigger a financial crisis. Survey data of rating on China's macroeconomic stability is analyzed by estimating an ordered logit model with random effect. Among the candidate macroeconomic indicators, we found that inflation is the key variable that determines China's macroeconomic stability, followed by the change in budget balance and GDP growth gap.     

《航材供应》网络课程建设与应用探析

军队院校网络教学应用系统是一个构建网络课程的平台。以《航材供应》网络课程为例介绍了网络课程的建设方法,对应用效果进行了分析。     

皖港贸易对皖服务业影响的实证研究

建立了VAR模型试图分析这皖港之间的进出口贸易对安徽服务业发展的影响类型及影响程度,联合检验的结果是皖港进出口贸易是皖服务业发展的原因,单独检验的结果认为安徽从香港的出口贸易是安徽服务业的发展的一个内在原因;脉冲分析认为,安徽对香港的出口贸易对安徽服务业的发展有着显著的、积极而持久的影响,而安徽从香港的进口贸易对安徽服务业的影响相对不够显著;方差分解的结果与脉冲图像分解的结论一致。最后提出一些政策建议和措施。     

产业链整合对建筑工业化协同创新绩效的影响研究

市场竞争日趋激烈，创新过程日益复杂，协同创新成为主流的创新范式。而我国建筑工业化正处于创新驱动发展不足的初级阶段，如何通过产业链整合实现建筑工业化的协同创新，进而提高创新绩效是值得研究的问题。本文从产业链整合着手，探讨建筑工业化的技术链整合、产品链整合、创新协同性、创新绩效之间的相互影响关系。首先根据理论分析提出假设，然后运用26家代表性企业的278份问卷作为样本数据进行验证。实证分析表明：产业链整合对创新协同性、创新绩效均有正向显著作用；技术链整合在产品链与创新协同性之间、创新协同性在产业链整合与创新绩效之间起完全中介作用；政策在产品链整合与创新协同性之间起正向调节作用，而在技术链整合与创新协同性之间的调节作用却不显著。研究结论对于建筑工业化政策制定、产业链完善、企业管理等方面具有重要意义，同时展望了需要进一步关注的方向。     

浅谈低压无功补偿在6300kVA硅铁炉中的应用

通过低压无功补偿设备在6.3 MVA半封闭硅铁合金电炉上的应用,达到了提高电炉功率因数及产能,同时改善电炉各项经济技术指标的目的。     

影响高职院校实践教学质量的因素及对策分析

实践教学是高职生获得职业能力的重要途径，随着实践教学比例的提高，出现的问题也不断增多，特别是实践教学中学生被沦为廉价劳动力的现象，已引起社会愈来愈多的关注。本文基于狭义实践教学条件下，对影响高职院校实践教学质量的主要因素进行了分析，并根据影响因素提出了相应对策。     

中国寿险业增长中的人才贡献率研究

2011年以来,整个寿险业面临增速放缓的巨大压力,如何顺利实现转型发展战略成为关注的焦点。从人才建设角度,利用行业内具有影响力寿险公司作为代表,借鉴国际通用要素贡献率计算方法,对我国寿险业人才贡献率进行了初步测算,并从管理制度、培训体系和企业文化等方面提出了相关政策建议。     

Hierarchies and entrepreneurship

We establish a correlation between the hierarchical structure of a firm and the likelihood of business creation among its former employees, using a sample of 16 million observations of Swedish workers and a novel proxy for hierarchies based on occupation data. Conditional on firm size and many other variables, employees in firms with more layers are less likely to enter entrepreneurship, to become self-employed, and to switch to another employer. The effects of layers are much stronger for business creation than for job-switching and they are stronger for entrepreneurship than for self-employment. We discuss two potential explanations for the distinctive hierarchy effect we find. Part of the effect could be to be due to preference sorting by employees, and part due to employees in firms with fewer layers having a broader range of skills. One test showing that the probability of entrepreneurship increases with their prior rank in an organization is consistent with ability sorting and inconsistent with preference sorting.     

A Micro-Approach for Testing Marx's LTRPF: Evidence from Greece, 2000 and 2009

This article develops a novel micro-approach for the empirical evaluation of Marx's law of the tendency of the rate of profit to fall. Contrary to the traditional method which uses national macroeconomic data, this approach utilises data taken directly from company reports and accounts. The principal advantage of this approach is that it provides an accurate measurement of the value composition of capital, devoid of the measurement limitations of the traditional method regarding variable capital which stem from the inability to distinguish productive from unproductive labour. A disadvantage, however, is that this approach does not cover the entire national economy. The application of the proposed micro-approach to the ongoing Greek crisis yields results which are congruent with the traditional method and reinforce other recent studies linking the current crisis with low profitability.     

The Effect of the Alternation in the Ruling Party on Three-Factor Risks and Returns in ETF: The Case of Presidential Elections in Taiwan

This study discusses the effect of alternation in the ruling party in presidential elections on three-factor risks and returns of the three main exchange-traded funds (ETFs) in Taiwan, which has an unclearly defined international status and whose citizens have the right to vote directly for the president. We find that after the ruling party has been determined, in the period between Election Day and inauguration day, both the stock market and ETFs show a slight rise in prices. This suggests that most investors are initially optimistic after the election results have been announced. Meanwhile, the reverse book-to-market risk value deteriorates significantly. These results indicate that political uncertainty increases the risk premium of market factors and reverse book-to-market factors for some ETFs.