应该将扩大消费需求提升到国家战略的高度

消费问题经过几十年的讨论,至今仍没有得到一些人的高度重视。重投资,重GDP的增长,不重视消费拉动的老毛病,一直制约着我国经济的可持续发展。事实上,如果我国消费水平再不上一个新台阶,还将制约我国经济的持续发展。应该将扩大消费需求提升到我国发展的战略高度来认识。一、应     

Do economic statistics contain information to predict stock indexes futures prices and returns? Evidence from Asian equity futures markets

This research examines the impact of local and international market factors on the pricing of stock indexes futures in East Asian countries. The purpose of this paper is to present a study of the significant factors that determine the major stock indexes futures’ prices of Hong Kong, Malaysia, Singapore, South Korea and Taiwan. This study first investigates the relationships between Hang Seng Index Futures, KLCI Futures, SiMSCI Futures, KOSPI Futures, Taiwan Exchange Index Futures and local interest rates, dividend yields, local exchange rates, overnight S&P500 index and a newly constructed index, Asian Tigers Malaysia Index (ATMI). 11 years historical data of stock indexes futures and the economic statistics are studied; 10 years in-sample data are used for testing and developing the pricing models, and 1 year out-of-sample data is used for the purpose of verifying the predicted values of the stock indexes futures. Using simple linear regressions, local interest rates, dividend yields, exchange rates, overnight S&P500 and ATMI are found to have significant impact on these futures contracts. In this research, the next period close is predicted using simple linear regression and non-linear artificial neural network (ANN). An examination of the prediction results using nonlinear autoregressive ANN with exogenous inputs (NARX) shows significant abnormal returns above the passive threshold buy and hold market returns and also above the profits of simple linear regression (SLR). The empirical evidence of this research suggests that economic statistics contain information which can be extracted using a hybrid SLR and NARX trading model to predict futures prices with some degree of confidence for a year forward. This justifies further research and development of pricing models using fundamentally significant economic determinants to predict futures prices.

     

On the role of social wage comparisons in gift-exchange experiments

This study extends a bilateral gift-exchange experiment by Clark et al. (2010). We investigate how the provision of either quantitative or qualitative information on the average wage paid in all worker-employer relationships impacts the wage set by employers and worker performance. We find that information on the average wage reduces (increases) both wage offers and effort levels in one-shot (repeated) relationships.     

Economic stagnation and development aid

The main objectors to a link being established between special drawing rights (SDRs) and the financing of development have in the past been the industrial countries. They have been pointing out that SDRs were created for other purposes — more effective control over international liquidity — and that a link with development finance would have an inflationary effect. If however the present unemployment situation in the industrial countries should become at least partly a permanent feature the idea of such a link would become more attractive than hitherto — to the industrial countries.     

Problems now and in the past

In some places, voices are raised today which assert that development aid is not worth the noise that is being made about it, because the industrialised countries went through exactly the same phase of development by their own, unaided efforts and still had arrived where they are now. Any development aid, so it is said, will only paralyse the determination of LDCs to aid themselves. The author discusses this assertion in the following article.     

我国老年保健品营销现状与策略选择

随着我国步入老龄化社会，老年保健品市场蕴藏着无限的商机和潜力。本文从相关背景的分析出发，分析了我国老年保健品市场的营销现状，并给出了相应的营销策略选择一人性化营销。     

西方消费文化理论研究的发展、演变与反思

西方消费文化理论运用了社会学、哲学、历史学、政治学等跨学科研究方法，经历了传统社会、现代社会到后现代社会的深刻变化，形成了炫耀性消费、符号消费等诸多理论，对其进行全面评述，并加以批判性运用，是当前西方消费文化研究的重要任务。     

关于构建节约型消费模式的思考

本文界定了节约型消费的内涵并分析了其特点;论证了倡导节约型消费的战略性意义;分析了中国不合理的消费方式及其存在的原因;并对构建节约型消费模式进行了初步探讨。     

消费者权益保护的契约分析--从消费契约不完全性视角的研究

市场经济就是一种契约经济，消费者和生产经营者者之间的交易关系本质上就是一种契约关系，消费者权益也都是通过消费契约来界定的．但消费契约又是不完全的，通过消费契约对消费者权利的界定也就不可能是完全的。对于契约（明确的和默认的契约）已经界定的权利来说，消费者权益保护的中心就是契约的有效履行问题；对于契约没有界定的权利来说，消费者权益保护问题的关键就是剩余权利公正合理地配置问题。