Public support to innovation and imitation in a non-scale growth model

This paper studies technology policy within a version of Jones's [1995. R&D-based models of economic growth. Journal of Political Economy 103, 759–784] non-scale R&D-based growth framework that incorporates imitation of foreign techniques. In the model, imitation is the most important source of productivity growth at the beginning of the convergence process, whereas innovation dominates later on. In addition, the transitional dynamics of the model can account for well-known empirical regularities regarding the relationship between the level of economic development and public support to technology innovation and imitation. The paper shows as well that, even though policy in Jones-type non-scale models has no long-run growth effects, level effects can be substantial.     

新兴市场国家的汇率波动与出口:一个经验分析

现有的中外文献已经对发达国家间的汇率波动与贸易之间的关系做了很多相关分析，但就汇率波动与贸易之间的关系没有取得一致性的结论。本文利用协整分析和误差修正模型，针对新兴市场国家的汇率波动与出口的关系进行了经验分析，结论是：汇率波动会在一定程度上抑制新兴市场国家的出口，但对某些新兴市场国家出口的影响并不明显，其影响程度随一国经济发展水平、经济规模和开放度的差异而有所区别。     

Factor taxation and labor supply in a dynamic one-sector growth model

This paper studies a class of AK-type growth models with factor income taxes, public capital stock and labor–leisure trade offs. While a higher capital tax rate reduces economic growth in the short run, the long-term growth effect is ambiguous and remains ambiguous even if the level of tax rate is larger than the degree of government externality. A higher labor income tax rate has ambiguous growth effects both in the short and long runs. However, if the intertemporal elasticity of substitution for labor supply is sufficiently small, a higher labor tax rate always lowers economic growth in the long run, despite the existence of productive government taxation.     

转型经济中的金融管制

本文首先分析了转型经济的基本特点和对于我国金融管制的影响,求解金融管制的一般模型.同时进一步研究了在转型经济的制度变迁背景下,金融管制模型的变量必然发生了相应的改变,会导致金融管制求解的不同,最后根据模型求解,提出了我国应该建立更有效更符合转型经济规律的金融管制.     

经济全球化与会计规范的国际协调

经济全球化和区域经济一体化是当今世界经济发展的两大趋势。全球化的经济需要全球化的治理。面对日益全球化的国际经济形势以及加入WTO后的外部环境，处于转轨经济背景下的我国会计规范建设应当顺势而为，积极进行有效调整，以推动会计国际化进程，降低我国经济国际化的制度成本。     

Development and efficiency of the banking sector in a transitional economy: Hungarian experience

The paper analyzes the experiences and developments of Hungarian banking sector during the transitional process from a centralized economy to a market-oriented system. The paper identifies that early reorganization initiatives, flexible approaches to privatization, and liberal policies towards foreign banks’ involvement with the domestic institutions helped to build a relatively stable and increasingly efficient banking system. Foreign banks and banks with higher foreign bank ownership involvement were associated with lower inefficiency.     

Are EU trade preferences really effective? An impact evaluation assessment of the Southern Mediterranean Countries’ case

This work assesses the causal impact of the EU trade preferences granted to the Southern Mediterranean Countries (SMCs) in agriculture and fishery products over the period 2004–2014. It overcomes some of the weaknesses of previous assessments and presents several methodological improvements. Firstly, it relies on a continuous treatment – i.e. preferential margins – to capture the ‘average treatment effect’ of trade preferences, rather than on a binary treatment based on dummy variables. Secondly, it uses highly disaggregated data at sectoral level in order to evaluate properly the preferential treatment. Thirdly, it applies a non-parametric matching technique for continuous treatment – specifically, a generalized propensity score matching. The results show, on the one hand, that the impact of the EU preferences is positive and significant on SMCs trade and is better evaluated using impact evaluation techniques. On the other hand, they demonstrate that the relationship between preferences and trade flows is asymmetric and warn against the risk of providing too much of a good thing. These results raise important issues for policy-making. First, they demonstrate that raising the level of preferences is not the solution to foster the SMCs trade towards EU. Second, that the policy-makers should put more emphasis on complementary factors other than trade barriers.     

Privatizing Poland's Economy

No abstract available for this article.     

中国与中亚5国农产品贸易的互补性分析

中亚5国与中国毗邻,双方在农业领域的合作前景十分广阔,随着上海合作组织区域经济合作的不断深入,中国与中亚5国农产品贸易增长迅速。本文运用修正的显示性比较优势指数、贸易强度指数和产业内贸易指数对中国与中亚5国农产品贸易互补性进行了实证分析。研究表明:中国与中亚5国在农产品生产要素和农产品贸易方面均存在互补性,且贸易互补性与生产要素的互补性相吻合。然而,双边贸易规模还较小,双方潜在的互补性未能充分转化为现实的互利性,因此,中国要加强与中亚5国的农产品贸易合作。     

美国量化宽松政策对亚太新兴市场国家的影响

量化宽松是美联储在通货紧缩下所采取的一种直接创造货币、扩大央行资产负债表规模的非传统货币政策。量化宽松将给我国等新兴市场国家造成较大的负面效果,建议采取临时性资本管制、针对性量化政策、建立区域货币离岸市场、加快经济结构转型等对策来应对。