国内外精对苯二甲酸生产发展概况

本文对国内外精对苯二甲酸生产技术现状、发展动向、以及市场供需状况作了概要叙述.     

投资2006固定资产投资分析及展望2007

2006年，在世界经济形势好于预期、政府换届效应、货币供给宽裕和企业效益提高等短期因素的影响下，我国固定资产投资继续实现高增长，同时投资结构有所优化，瓶颈产业得到加强，国内贷款和企业自筹资金增加，房地产投资平穗增长。但与此同时，投资规模偏大、投资效率不高、部分行业违规建设严重、产能过剩等矛盾和问题依然比较突出。展望2007年，世界经济调整、银根紧缩、外资流入减少等因素将使投资增长的不确定性加大，初步预测，全年全社会固定资产投资增长20％比2006年回落4个百分点。     

分析国内投资机构的缺陷

随着阿里巴巴寻求纳斯达克上市,其股权结构进一步曝光,六成股份被外资企业所持有。而互联网企业BAT中的百度和腾讯的股权结构也多以外资为主。为何本土投资机构对此反应迟钝,本土投资机构的运作策略有哪些缺陷,本文将对其进行探讨。     

国产化精对苯二甲酸装置南京问世

近日，由中国东方希望集团控股的重庆蓬威石化有限责任公司投资、中国纺织工业设计院提供专有技术、南京宝色股份公司承接制作的首台大型国产化精对苯二甲酸（PTA）氧化反应器在南京研制成功。     

外商直接投资与国内投资关系实证研究

利用计量经济学模型,实证检验了我国不同地区FDI与国内投资之间的关系。在对FDI与国内投资效率进行比较中,得出在我国各地区FDI与国内投资之间均不存在所谓的“挤出效应”,不同地区FDI与国内投资的效率也有所差异,东部地区FDI效率远远高于国内投资效率,而西部地区FDI与国内投资效率差距相对较小的结论。     

现代实验室构成及经济投资分析

本文从国内新型行业——现代实验室建设入手，系统阐述了现代实验室的构成及建设投资分析，目的让更多的人了解这一新兴行业及配套产业的发展前景。     

艺术品投资价值及投资策略分析

随着社会经济的发展,我国金融市场不断成熟,投资领域开始走向繁荣,传统投资产品已经无法满足市场上高净值客户的需要,艺术品投资应运而生,如何有效降低投资风险,确保增值,是投资者必须要思考的问题。本文对艺术品投资进行概述,并分析了技术品投资价值及投资策略。     

个人投资的金融投资行为理论分析

金融投资行为理论基于心理学的原则,把金融投资过程视为一个心理过程。循着金融投资行为理论的思路,对我国股票市场进行分析,探讨金融投资行为理论对我国金融投资个人行为的影响。     

国内MOM基金及其投资分析

MOM基金模式称为多元管理人基金模式。MOM的投资理念主要包括三个方面:多元资产配置、多元投资策略和多元投资管理人。通过三者的动态结合,达到稳定风险、提高收益的目的。MOM模式进入国内的时间并不长,但其独特的优势会越来越受到国内投资者的认可,未来MOM在国内将有广阔的发展空间。     

中国PTA产业和市场分析

评述了中国PTA产业发展现状、供需市场、扩能前景、技术进展以及设备国产化,并提出了相关建议.     

探讨工艺循环水对三聚氰胺产品质量的影响

工艺循环水对三聚氰胺产品浊度超标的影响已不容忽视。在三聚氰胺装置中，本着节能降耗的原则工艺循环水是经过处理后要重新返回系统中再利用的。然而，由于系统中存在的一些问题，使工艺循环水中的一些杂质严重威胁到了三聚氰胺的产品质量，而有些质量隐患又是极难排查和控制的。所以本文针对这一问题详细介绍了工艺循环水是如何对三聚氰胺产品质量造成影响的，并在工艺操作和消除设备隐患方面都给出了有效的方法和建议。     

North‐South foreign direct investment and bilateral investment treaties

Bilateral investment treaties (BIT s) have become increasingly popular as a means of encouraging foreign direct investment (FDI ) from developed to developing countries. We adopt a difference‐in‐difference analysis to deal with the problem of self‐selection when estimating the effects of BIT s on FDI flows from a sample of OECD countries to a broader sample of lesser developed countries. Our results indicate that forming a BIT with a developed country significantly increases FDI inflows to developing countries. We further find that the development of new FDI flows and the reinvigoration of deteriorating FDI relationships accounts for the majority of the increase in FDI flows due to BIT formation.     

PTA期现价格动态关系实证研究

以郑州期货交易所PTA期货和进口、国产PTA现货为研究对象,利用格兰杰因果检验、协整检验、误差修正模型等方法,分析了我国PTA期货市场与现货市场长期均衡关系和短期动态关联关系。结果表明:国内的现货PTA价格和期货PTA价格是互相引导的;PTA期货价格对现货价格的影响强于现货价格对期货价格的影响;短期来看PTA期货价格与现货价格之间存在协整关系;长期来看PTA期货价格与现货价格保持着长期的均衡关系。以上研究表明,我国PTA期货市场已基本具备市场价格发现功能和一定的价格自我约束机制。     

中国对印尼能源投资存在问题的分析及对策

中国越来越注重对印尼的能源投资,但对印尼的能源投资不仅面临发达国家激烈的竞争和印尼国家安全战略的考虑,同时印尼自身能源发展存在困境以及中国能源开发技术有待进一步提升。因此,中国需要积极制定应对策略,谨防发达国家对中国能源发展战略的攻击,积极应对发达国家激烈的能源投资竞争;同时,转变对印尼能源的投资投向,积极投资新能源,并加强能源技术研发。     

An information-based trade off between foreign direct investment and foreign portfolio investment

The paper develops a model of foreign direct investments (FDI) and foreign portfolio investments (FPI). FDI enables the owner to obtain refined information about the firm. This superiority, relative to FPI, comes with a cost: a firm owned by the FDI investor has a low resale price because of asymmetric information between the owner and potential buyers. The model can explain several stylized facts regarding foreign equity flows, such as the larger ratio of FDI to FPI inflows in developing countries relative to developed countries, and the greater volatility of FDI net inflows relative to FPI net inflows.     

Optimal investment with correlated stochastic volatility factors

The problem of portfolio allocation in the context of stocks evolving in random environments, that is with volatility and returns depending on random factors, has attracted a lot of attention. The problem of maximizing a power utility at a terminal time with only one random factor can be linearized thanks to a classical distortion transformation. In the present paper, we address the situation with several factors using a perturbation technique around the case where these factors are perfectly correlated reducing the problem to the case with a single factor. Our proposed approximation requires to solve numerically two linear equations in lower dimension instead of a fully nonlinear HJB equation. A rigorous accuracy result is derived by constructing sub- and super-solutions so that their difference is at the desired order of accuracy. We illustrate our result with a particular model for which we have explicit formulas for the approximation. In order to keep the notations as explicit as possible, we treat the case with one stock and two factors and we describe an extension to the case with two stocks and two factors.     

探析国际投资中的国民待遇问题

随着经济全球化,国民待遇制度已被广泛接受,但仅就国际投资这一领域来看,对于其理论就是各执一词,各国实践也有着很大的差距.本文旨在研究国际投资领域国民待遇的基本理论,以及在我国的实践,问题在哪里,未来的方向又是如何.     

外商直接投资对天津产业结构的贡献分析

外商直接投资是促进天津经济发展的一个重要因素,天津外商直接投资的规模不断扩大、层次不断提高,呈现出全方位、多层次、宽领域的格局。FDI对天津产业结构的发展有很大的影响,特别是对制造业和服务业的贡献很大。     

Authenticating by re-enchantment: The discursive making of craft production

Abstract

This paper presents an analysis of the way brand authentication operates through discursive enchantment as a series of ongoing negotiations among different market actors. We suggest that one specific type of enchantment, the concept of craft production, has been given too sparse attention in conceptualisations of authenticity. Through a qualitative multi-method inquiry based into the guitar subculture and a brand genealogy of the pseudo-Swedish guitar brand Hagstrom, we show how the rationalising trajectories of modernity can not only have disenchanting effects, but can also be dis-authenticating. We illustrate how various marketplace participants collectively engage in brand re-enchantment processes that provide the springboard for re-authenticating rationalised production through five enchanting craft discourses: vocation, dedication, tradition, mystification, and association.