Finally, Some Good News For Pakistan

Gen.PervezMusharrafisa hap- py man . The PakistaniPresident finds himself where no previous leaderofhiscountryhasbeenbefore: running a boom econom y.In the past fourquarters,according to Pakistan’s FinanceMinistr,y GDP growthhas averaged8.4% —“thesecond-biggest economic expansion in Asia after China,”Musharrafcrows. Thatwas June9,when Mushar- rafmet withFortuneathisresidence in the garrisoncityof Rawalpindi. On June 19 he had 2.6 billiomnore reasonstobe pleased. That’s when 26% of…     

“One Belt and One Road” and Free Trade Zones—China’s New Opening-up Initiatives

“One Belt and One Road” and Free Trade Zones are two of China’s new opening-up strategies developed in response to the changed domestic and international circumstances. Implementation of these strategies can provide China with a sounder market economic system and a better external environment. It can not only help China to further develop into a high income country, but also facilitate the industrialization and modernization of other developing countries.     

Border Bargains and the “New” Sovereignty: Canada-US Border Policies from 2001 to 2005 in Perspective

From 2001 to 2005 Canada and the US dramatically altered the way each country views its border. In response to the attacks on New York City and Washington DC, Canada and the US entered into three important partnerships: the Smart Borders Agreement (SBA), the Container Security Initiative (CSI), and the Security Prosperity Partnership (SPP). These arrangements will be conceptualised here as “tacit bargains” whereby Canada provided the US with security in hope of renewed trust and economic accessibility. These “tacit bargains” required a concession of traditional state sovereignty so that stable and predictable relations between both countries could continue. While this process is ostensibly a violation of state sovereignty, the argument presented here is that these three “tacit bargains” represent a transition of “old” sovereignty to “new” sovereignty.     

Are Oil Price News Headlines Statistically and Economically Significant for Investors?

While much has been written about the effects of oil price on stock returns, surprisingly nothing is known about the effect of oil price news on stock returns. This article is a response to this research gap. For a large number of stocks on the New York Stock Exchange, the authors find that while oil price news does predict market returns it only predicts returns of some sectors and not all. They find that sorting stocks based on oil price news generates a significant return differential in the cross-section, which holds consistently across a range of models allowing for the well-known risk factors. Their findings suggest that information contained in oil price news affects stock returns.     

New Challenges to Urbanization in China

With reform, Chinese urbanization makes an obvious progress. The urban quantity, urban scale, and urban population become more and more. Urban economy has ：become a more important component of the national economy. However, the process of urbanization is either in theory or in practice continually faced with serious new challenge. It is a focus on urban development in China.     

New Strategy in 21~(st) Century: New Thinkings from Foreign Mayors

Moncton has grown from an early Acadian settlement located on a bend of the Petitcodiac River known as Le Coude. After the deportation of the Acadians in 1 755, the settlement lay empty until 1766 when eight immigrant families arrived f rom Pennsylvania. The City is named after the British soldier, Lt-Colonel Robe rt Monckton. Although it was incorporated as a town in 1855, Moncton was forced to surrender its charter in 1862, as the birth of steam and iron ships brought a quick end to local prosperity. A new era of prosperity came to the settlement w ith the location of the headquarters for the Intercolonial Railway in 1877, fore runner of Canadian National Railways. In 1875, Moncton was again incorporated, w ith the latin motto Resurgo ("I rise again"). Moncton became a city on the 23r d of April 1890.     

What Happens When the Technology Growth Trend Changes? Transition Dynamics,Capital Growth,and the “New Economy”

This paper considers transition dynamics associated with a change in the rate of technological progress, using a general equilibrium framework that incorporates stochastic technology growth trends. The model suggests that these dynamics are associated with protracted transition periods, especially when technology growth is capital-embodied. Simulations of the post-WWII U.S. economy show that the model's propagation mechanism is capable of explaining a significant portion of variation in observed growth rates, particularly for investment, capital accumulation, and employment. The simulations suggest that positive shocks to the trend rate of technology growth in the mid-1980s and early 1990s were precursors to the productivity acceleration of the late 1990s. Journal of Economic Literature Classification Numbers: E32, E22, O40.     

Searching for New Jerusalems: P.H. Wicksteed’s “Jevonian” critique of Marx’s Capital

Abstract

In 1884, P.H. Wicksteed published a critique of the first volume of Marx’s Capital, the first detailed analytical encounter in English between Marx’s value theory and the new discourse of “marginalism”. In revisiting that episode, this article has three principal objectives. The first is to show how Wicksteed developed his understanding of political economy, as he moved from initially following Henry George’s Progress and Poverty. The second is to examine why Wicksteed’s defence of George necessitated criticizing the Marxist Social Democratic Federation. The third is to show that Wicksteed’s criticisms of Marx were simply incorrect.     

The distance between Buchanan's “An Economic Theory of Clubs” and Tiebout's “A Pure Theory of Local Public Expenditures”. New insights based on an unpublished manuscript

This article introduces Buchanan's comment on Tiebout's “A Pure Theory of Local Public Expenditures”. It helps us to understand the nature of the relationship between Buchanan and Tiebout. Usually, it is claimed that Buchanan modelled Tiebout's insights, that there exists a Buchanan-Tiebout hypothesis, and that Buchanan in 1965 complemented what Tiebout had written in 1956. We show that Buchanan could not have written “An Economic Theory of Clubs” as a complement of “A Pure Theory of Local Public Expenditures”. He disagreed with Tiebout's ideas on mobility because he saw mobility as a cause of inefficiencies and not a cause of homogeneity in groups. This is what we show by putting Buchanan's comment on Tiebout into historical perspective. It appears that Buchanan interpreted Tiebout 1956 from the perspective of his works on fiscal federalism from the early 1950s. We show that there is a continuity between Buchanan's work from the early 1950s and his works in the early 1970s; and Buchanan's way of reading Tiebout is part of it. Hence, when he wrote “An Economic Theory of Clubs”, Buchanan was convinced that Tiebout was wrong and that he was offering an alternative framework for public economics.     

“钱袋子”“米袋子”

大力实施外向经济带动战略的山东省烟台市,国民经济高速增长,人均生产总值达7200多元。与此同时,在人均不足1.1亩耕地(粮田不足0.8亩)、低于全国平均水平的情况下,通过实施强有力的宏观调控和保护政策,着力营造稳定粮食生产的“小气候”,人均占有粮食450公斤,高于全国平均水平,农民人均纯收入达1772元。实现了“钱袋子”“米袋子”同步增长。烟台的经验说明:沿海发达地区“钱袋子”鼓起来、“米袋子”瘪下去是一种不正常现象。     

“白菜碑”下悟“味”“色”

“五一”长假期间,去了江西铅山县一趟。由县纪委有关同志指引,观看了古人建造的“白菜碑”。经人介绍,方知这座“白菜碑”有着一段感人至深的故事,对今日党员干部如何走好人生路有重要启迪。这座“白菜碑”,是明代万历年间江苏省句容县人竺继良出任江西铅山县令时建造的。     

念好“高”“创”“实”三字经

在上级创先争优的整体部署中，无锡工商行政管理局新区分局以“争创幸福首善创新型国际化科技新城”为主题，围绕服务于“更大力度转型升级”的目标，念好“三字经”：即“高”（创先争优要高起点、高标准、高要求）；“创”（创先争优要紧紧围绕创新、创优、创先主题）；“实”（创先争优措施要扎实、真实、落实）。全面推进服务创新、监管创新和组织创新。     

“牛市”、“熊市”和“股票指数”

所谓“牛市”,是指股票市场行情看涨,买者较多。 而“熊市”正好相反,是指股票市场行情看跌,股票价格下落,卖者较多。 引起股市涨落的因素很多,包括国民经济的走势,社会、政治环境的变化,货币头寸的松紧,利率变动,上市公司的经营状况、红利的多少,还有投资者的心理预期的变化等等。判断股票市场是“牛市”还     

“温和”征管 “人和”治税 “亲和”服务

高举“三个代表”重要思想伟大旗帜，依持依法治税，建设“政治过硬、业务熟练、作风优良、执法公正、服务规范”的坚强队伍，推动地税事业更快更好发展，是现阶段我们的主要任务。近几年来，我们惠山地税局在省、市局的正确领导下，全面贯彻“_-个代表”重要思想，围绕组织征收这个中心，抓住依法治税这个核心，     

“接地气”才能有的放矢打“老虎”“苍蝇”

连日来，中央巡视组密集进驻一些央企和地方展开巡视工作，此轮中央巡视工作的反腐效果备受社会期待。在5月17日的会议上，中共中央政治局常委、中央纪委书记、中央巡视工作领导小组组长王岐山给巡视工作提出四个“着力点”：着力发现领导干部是否存在权钱交易、以权谋私、     

“异质思维”在“包容”中“会通”

＂异质思维＂是个司空见惯的话题,如何看待异质思维又是个很不轻松的话题。人总是要思考的,思维本身并没有好坏之分。世界上没有完全相同的两片树叶,更何况人的思维呢？马克思早就说过：＂你们并不要求玫瑰花和紫罗兰散发出同样的芳香     

“百合花”争艳“国际化”

百合花集团（原浙江百合化工控股集团）是一家以生产有机颜料为主业的化工企业。自1989年创办以来，企业牢牢把握自主创新这一核心环节，坚持不懈推进创新战略，使企业发展进入可持续轨道。