What has New Zealand gained from The FTA with China?: Two counterfactual analyses†

We investigate the effects of the 2008 New Zealand (NZ)–China free trade agreement (FTA) on exports from NZ to China, and real GDP per capita in NZ using the synthetic control method to estimate the counterfactuals. NZ exports to China were more than 200% higher in 2014 than what they would have had the FTA never been signed. NZ's food and live animals exports to China were more than 180% higher in 2014 than the counterfactual. Our counterfactuals indicate a small but negative effect of the FTA on NZ's real GDP per capita between 2009 and 2012.     

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。     

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。     

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。     

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.

     

Planning or free market economy in LDCs?

On the face of it it looks as if there should be no great difference between less developed countries (LDCs) and the advanced national economies as far as planning is concerned. And yet in reality such differences do exist, even if they do not necessarily stem from the inequalities in the standard of living.     

“城市·建筑·人”——构筑“以人为本”的绿色城市与宜居空间论坛纪实

在经历三十年的城市快速发展以后,如何更加科学的建设城市、运营城市,促进人与城市,人与自然,人与建筑,人与交通更加和谐,更加平衡,更加持续的发展,真正实行人口、经济、资源相协调的发展环境,已经成为当下非常紧迫的话题。在2011’未来城市可持续发展全球论坛暨第九届中国地产经济主流高峰论坛上,国内外众多专业人士、建筑师齐聚一堂,共同探讨绿色城市的发展。     

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.