洋行长触礁深发展 新桥资本游戏耐人寻味

深圳发展银行（000001．SZ）作为第一家外资控股的中国银行，在2007年元旦银改期限之前，正经受着人事、股改诸多问题的考验。[编者按]     

企业家的资本游戏

《资本的游戏》资本运营是主要涉及两种人的游戏——企业家和资本家．企业家运营资产赚钱,资本家运营资本赚钱,资本与资产之间的交易,产生了资本运营．     

荣智健：伤于资本游戏

在国人心目中拥有特殊地位的中信泰富董事局主席荣智健日前接受香港证监会调查。无论最终结果如何，荣智健作为一代商业领袖．其头顶上的光环无疑因此褪去不少。     

房地产基金：适者生存的资本游戏

贷款收紧、IPO暂停、信托受限……如今,房地产业的资金链受到了前所未有的挑战,而房地产基金开始露出峥嵘。2010年被称为房地产基金元年,基金井喷的趋势延续到2011年。基金投资模式与投资对象呈现更多的多元化,没有统一的行业规则,表现出强烈的草根特性。如此鱼龙混杂的新生行业,极可能面对一场市场调整与政府监管所带来的洗牌。     

社会资本：第三只手

在21世纪的信息与网络时代,作为经济主体的企业是在与其利益相关者的关系网络中运营的.企业的社会资本已起着越来越重要的作用,企业资源的获取不仪受"看不见的手"和"看得见的手"的制约,而且越来越受企业社会资本一"第三只手"的影响.     

帝亚吉欧：成功仅仅是场资本游戏

Diageo全球CEO保罗德·华尔士（Paul S.Walsh）：“Diageo的相关方无非是政府、银行和股东。消费者们不在乎Diageo是谁,他们认可的是Johnnie Walker这种产品品牌。如果说Johnnie Walker这个品牌是针对消费者的话,那么Diageo这个品牌则针对着资本市场。”     

李嘉诚：“超人”的资本布局

不论是抛售旗下资产,亦或是大举“西进”,李嘉诚谋求的是更远的未来。     

一场资本的游戏？

日前,香港“红筹之父”梁伯韬任主席的香港上市公司意马国际正式收购了《喜羊羊与灰太狼》的衍生品版权管理方动漫火车集团,     

通用的破产只是一个资本游戏

2003年以来，成立于1908年的通用汽车公司丢掉了汽车业老大的宝座，两度遭遇百年来最大的亏损。债转股计划无法实现，使得公司破产已无可避免。6月1日，通用正式宣告破产重组。 破产二字，对于通用汽车公司来说简直不可思议。关于通用的破产，我们得问一个无数人都试图回答过的问题，为什么通用汽车这样的世界级企业会落到破产保护的境地？     

解读凯雷资本游戏

“如果你把有钱人和有权人聚到一起,有权人能得到钱,有钱人能得到权。”凯雷资本的创始人大卫·鲁宾斯坦因一语道破玄机的确,凯雷资本这个强势的利益集团以权生钱,参与资本角逐,其游戏手段之高超让其在中国市场一路畅行     

Persistent differences in national productivity growth rates with a common technology and free capital mobility: The roles of private thrift, public debt, capital taxation, and policy toward human capital formation

The paper develops a two-country endogenous growth model to investigate possible causes for the existence and persistence of productivity growth differentials between nations despite a common technology, constant returns to scale, and perfect international capital mobility. Private consumption is derived from a three-period overlapping generations specification. The source of productivity (growth) differentials in our model is the existence of a nontraded capital good (“human capital”) whose augmentation requires a nontraded current input (time spent by the young in education rather than leisure). We consider the influence on productivity growth differentials of private thrift, public debt, the taxation of capital and savings, and policy toward human capital formation.     

Human capital,innovation, and growth

This paper explores the interaction between human capital and innovation in the process of economic growth. Using a model of endogenous growth, we focus on how taxes and other policy instruments affect the incentives to invest in human capital. In contrast to many other growth models we find that the taxation of human capital has a substantial negative effect on its accumulation. This in turn reduces innovation and, consequently, the income growth rate. More surprisingly, other policies that are intended to stimulate growth may have opposing effects on innovation and the accumulation of human capital. For example, while subsidies to research and to intermediate inputs do have positive effects on innovation and growth, they lead to a lower stock of human capital, in the empirically relevant case when the elasticity of intertemporal substitution in consumption is low.     

广东省人力资本、资本形成与经济增长的协整分析

文章根据1980～2007年的样本数据,利用单位根检验、协整检验和误差修正模型,判定了广东省国内生产总值(GDP)和资本形成总额、就业人口总数的时间序列均是带有一阶差分的趋势平稳过程,证实了三者之间存在协整关系以及动态相关性。最后文章提出促进广东省经济增长的相关建议。     

Factor shares,inequality, and capital flows

I present an endogenous growth model where innovations are factor saving and model the choice of technologies in an Overlapping Generations framework. Markets are competitive and factor prices are determined by marginal productivity of factors; therefore, the income share of reproducible factors increases with the stage of development. Beyond the standard results of this type of model I find that (i) without bequests long‐run growth is not possible, (ii) if the economy presents long‐run growth then intrageneration inequality may last forever but if the economy does not present long‐run growth then in steady state, there is no intrageneration inequality, (iii) when the economy is open, the pattern of capital flows depends not only on the relative abundance of factors but also on the technologies and, for this reason, capital may not flow from rich to poor economies, and (iv) consistently, capital flows may not help to break poverty traps.     

Human capital,trade, and economic growth

Human Capital, Trade, and Economic Growth. — Human capital, because of its special role in innovative activity and technological progress, has formed the bedrock of the new theories of endogenous growth. However, it not only serves as an engine of growth but also as a productive input along with labor and physical capital. In this study, the authors find evidence of the importance of both roles of human capital. They also find that the relationship between growth and the external effects of human capital vary according to trade regime. When literacy rates are relatively high, open economies grow about 0.65 to 1.75 percentage points more than closed economies.