International law as a negotiation tool in Banking Union; the case of the Single Resolution Fund

EU’s response to the recent Euro-crisis has involved a mixture of EU and international law, with the latter being linked to all the arrangements that may have fiscal implications for national Member States. The SRF embodies all the controversial characteristics of Banking Union. This article illustrates the legal implications that this political choice creates, and how the interrelation between the SRM, the SRF and the ESM, allows leading economies, including Germany, to control the resolution framework both before and after crisis. This raises questions as to the direction that European Integration is taking and its highly nationalised character.     

Move fast,travel slow: the influence of high-speed rail on tourism in Taiwan

High-speed rail (HSR) and tourism are closely related economic activities because improved mobility is perceived to facilitate tourist behavioral changes. This study examines the influence of HSR on the travel patterns of individual tourists in Taiwan in relation to time, space and carbon emissions. A framework is first provided to discuss how changes in the speed of intercity transportation will affect visitors’ choice of the journey, behavior at destinations and trip quality. In addition, HSR is expected to influence five general aspects of travel decisions relating to mobility and trip emissions, including mode selection, travel distance, length of stay per trip, annual travel frequency and total travel days. In the example of Taiwan, information by onsite sampling of 400 domestic travelers found that HSR had a weak influence on travel distance and length of stay per trip, but was observed to facilitate extended time at each stop, a deeper engagement with the locality, and an approximate 10% reduction in transport carbon emissions through intermodal substitution. These phenomena are in line with the slow travel concept of sustainable tourism consumption.     

On the power of indicators: how the choice of fuel poverty indicator affects the identification of the target population

In light of the creation of the EU Energy Poverty Observatory (EPOV) in January 2018 and the increase in debates on how fuel poverty is measured, we propose a critical analysis of fuel poverty indicators and demonstrate that choosing a given indicator is central to the identification of the fuel-poorpopulation.

First, we conducted an inter-indicator analysis to show how profiles of fuel-poor households vary depending on the indicator selected. We designed a multidimensional approach based on a multiple correspondence analysis and a hierarchical and partitioning clustering analysis to study characteristics of fuel-poor households. We highlight the difficulty of identifying a fuel-poor ‘typical profile’ and show that the composition of the population depends on the choice of the indicator.

Second, we applied an intra-indicator analysis using two objective expenditure-based indicators with thresholds. In particular, we conducted a sensitivity analysis based on a logit model including variables describing household and dwelling characteristics. We show that the profiles of fuel-poor households as well as the drivers of fuel poverty vary considerably with the chosen threshold level.Given these findings, we stress the need to review how we currently rely on conventional fuel poverty indicators to identify target groups and give some recommendations.     

Past,present, and future of green product innovation

Firms are under constant pressure from various governmental and nongovernmental agencies to switch from conventional environmentally polluting products to green product innovations (GPIs). However, the relevant research pertaining to GPI has been published in a diverse set of journals that vary in their scope and readership and, therefore, the scholarly contribution to the topic remains largely fragmented. This study has utilised a systematic literature review approach to examine the literary corpus on GPI to paint a holistic picture of its different aspects. The content and thematic analysis of 85 studies resulted in the extraction of seven key research themes: organisational capabilities, organisational learning, institutional pressures, barriers, structural changes, benefits of GPI, and methodological choices. This study's findings further highlight the various gaps in the GPI literature and raise some research questions that warrant scholarly investigation in the future. Likewise, our study has important implications for practitioners who are likely to benefit from a holistic understanding of the different aspects of GPI. Similarly, policymakers can use this study's findings to introduce policy interventions, especially in countries where GPI adoption is low.     

大数据背景下企业财务管理面临的挑战与变革

随着社会经济的快速发展,市场经济体制在不断地完善,科学技术水平也在不断地上升,这时我国进入了大数据时代。传统的财务管理模式已经无法再适应时代的发展变化,所以企业应该及时转变自身的财务管理模式,更新管理理念。论文针对大数据背景下企业财务管理面临的挑战和变革进行分析,介绍财务部门的主要作用和发展现状,并提出提高财务管理水平的具体方法和策略,希望能够为企业的发展起到一些参考作用。     

Identifying Price Reviews by Firms: An Econometric Approach

Price reviews are a potentially costly activity. A significant fraction of unchanged prices may stem from firms not reviewing prices, rather than from obstacles to changing prices per se, such as menu costs. In this paper, we disentangle these two causes of price stickiness by estimating an inflated ordered probit model on a panel of French manufacturing firms. The results point to a low frequency of price reviews, suggestive of the relevance of information costs as a determinant of the observed price stickiness. In view of the “inattentive producers” literature, pointing that the source of price rigidity matters, this is suggestive of a large real effect of monetary policy.     

农民收入结构变化对农民种粮积极性的影响——基于粮食主产区与主销区的对比分析

本文基于1993—2017年中国粮食主产区和主销区的面板数据,在比较两个区域农民收入及其结构变化的基础上,使用面板矫正标准误(PCSE)和面板向量自回归(PVAR)模型实证研究并比较主产区和主销区农民收入结构变化对农民种粮积极性的短期和长期影响。结果表明:无论从短期还是从长期来看,对于主产区而言,工资性收入和政策变量对粮播比有显著的负向影响,家庭经营性收入、转移性收入对其有显著正向影响,而财产性收入对其影响不显著。对于主销区而言,家庭经营性收入、转移性收入和财产性收入对粮播比的影响方向与主产区相同,但是工资性收入对其影响与主产区不同,有显著正向影响,政策变量的影响不显著。在长期,工资性收入对主产区和主销区粮播比的影响程度逐渐增加,经营性收入与财产性收入对主产区的影响更大,而转移性收入对主销区的影响更大。因此,在粮食播种面积连续3年下降的背景下,需要进一步优化农业补贴政策,转变粮食生产方式,鼓励主销区增加粮食播种面积,建立多层次农业保险体系。     

Assessment of land use and land cover changes and valuation of carbon stocks in the Sergipe semiarid region,Brazil: 1992–2030

The semiarid region in the state of Sergipe, Brazil, approximately 11,000 km², has experienced high deforestation rates in the last decades, which ultimately contribute to global climatic changes. The valuation of ecosystem services of CO₂ sequestration can support definition of environmental policies to decrease deforestation in that region. This study aimed to assess land use and land cover changes in the Sergipe semiarid region between 1992 and 2017 by applying remotely sensed data and technics; simulate the land use and land cover changes between 2017 and 2030 by applying a cellular automaton model, by assuming current land use trends (Business as Usual – BAU) as a reference scenario, and a more conservative scenario (Protected Forest – PF), in which was assumed an effective enforcement of the Brazilian Forest Code established in 2012; simulate the carbon stocks by 2017 assuming the BAU and PF scenarios by 2030, and estimate the Carbon balance between the 2030 and 2017 scenarios; and estimate the economic valuation of carbon emission and sequestration by using the InVEST software. The results showed that agriculture (cropped lands) was main driver of the landscape changes in the study area, which increased 14% by 2017, a net increase of 1494.45 km². The results showed that the total Carbon emissions would reach 736,900 Mg CO₂-eq by assuming the BAU scenario, which would increase the cost of opportunity up to US$ 17.7 million and a social carbon cost varying between US$ 10.3 and US$ 30.2 million. The restoration of the permanent preservation areas could contribute to increase Carbon sequestration up to 481,900 Mg CO₂-eq by 2030, which is equivalent cost of US$ 11.6 million. The natural landscape in the Sergipe semiarid region was strongly affected by deforestation activities occurred between 1992 and 2017. It requires, therefore, effective actions to support and promote restoration of degraded areas. The forested areas within the Sergipe semiarid region were the most affected type of vegetation because of expansion of agricultural fields soil exposures (Exposed Land). Environmental assessments based on scenarios and economic valuations can provide crucial information to support policy and decision makers to improve strategies for environmental management and conservation.     

《能源宪章条约》下可再生能源投资仲裁案及启示——以西班牙投资仲裁案为主线的考察

为了加速可再生能源产业的发展,多数国家都制定了相关激励措施以吸引跨国公司的投资。但是,随着政策的变化,相关的法律争端也随之产生。除了国际贸易争端以外,与可再生能源相关的投资争端也大量出现,其中以西班牙最为典型,所涉投资案件也最多。随着"一带一路"倡议的推进,我国投资者在海外可再生能源领域的投资会大幅增加。与此同时,我国能源领域对外开放的幅度正在加大,可再生能源领域的外资也会越来越多,但我国现有法律制度并不足以规范可再生能源的未来发展。本文分析西班牙相关法律政策变化及仲裁庭的裁决,以期对我国可再生能源法律政策的发展和完善,以及可再生能源领域的海外投资者保护提供启示,也为我国分析评估是否加入《能源宪章条约》提供借鉴。     

农村劳动力流动对脱贫的影响文献综述

关于农村劳动力流动与贫困之间的关系一直是社会各界广泛关注的焦点。本研究通过对相关文献的梳理，针对劳动力外出务工的减贫效应，从贫困缓解论、贫困加剧论以及不确定论三方面进行概述，重点分析劳动力流动对我国农村贫困的影响及机制。结果表明，农村劳动力外出务工通过提高农户非农收入和改善整个社会的资源配置效率在收入维度上对农村贫困具有一定减缓作用，但同时，受农村劳动力过量流失的影响，外出务工在农户生活照料及社会保障等多维贫困上并未表现出显著作用，甚至存在一定负面影响。因此，应把握好劳动力外出之度，促进劳动力就近就业，同时加强对农村留守人员的社会保障，以实现多维脱贫、乡村繁荣。