Evaluating innovation and labour market relationships: the case of Italy

In this paper the link between labour market flexibility andinnovation is analysed paying particular attention to the differenttechnological regimes of economic activities and the differentgeographical areas of the Italian economy. A dynamic panel dataspecification is used to assess the endogenous relationshipbetween patents, included as a proxy for innovation, and jobturnover and wages, which represent labour market indicators.Our results show that higher job turnover only has a significantand negative impact on patent activities in regional sectorsof Northern Italy, while blue and white collar wages have beengenerally found to have a positive and significant impact oninnovation.     

The road to innovation vs. the role of globalization: A dynamic quantile investigation

This paper investigates the distributional effects of globalization on innovation using 86 countries data from 1986 to 2016. Our results derived from the dynamic panel quantile regression technique show that overall globalization has a positive influence on national innovation in the least innovative countries. Similar evidences are found when utilizing globalization (de jure) and social globalization indices. Subsample analysis shows that globalization leads to better innovation performance in the medium innovative countries among OECD countries. Therefore, our findings contribute to the existing literature in identifying the changing effect of globalization on innovation.     

Cointegration modeling of interrelated factor demands: With an application to labor–import substitution in the European Union

In this paper we present techniques for cointegration modeling of interrelated factor demands. These techniques respect the non-stationary character of the price and quantity data, and permit specification of general, dynamic factor demand models based on error correction forms derived from cointegration. Therefore, we do not have to assume ad hoc dynamic forms. Moreover, we ensure that estimated relations are structural, and not spurious. Cointegrating vectors are estimated subject to all standard economic theory restrictions by using a procedure, which we call dynamic SUR. We show how consistent error correction models can be specified and estimated. In addition, we test the neoclassical restrictions both in the short- and the long run. The new methods are used to shed light on the major problem of the European Union (unemployment) and its relationship with imports. The empirical analysis is conducted for five countries of the European Union with an emphasis to the south: The UK, France, Greece, Italy, and Spain.     

经济开放对中国就业的长期和短期影响效应——基于跨省面板数据的协整与误差修正模型的再检验

文章基于1996—2007年的省际面板数据,采用面板协整和面板误差修正模型的计量方法就经济开放对我国国内就业的长期和短期影响效应进行了深入的实证分析,研究结果表明：（1）出口是就业增长的长期和短期原因,且长期的拉动效应更大;进口在长期和短期对国内劳动力都具有替代效应,且长期的影响弹性较小;外资是就业增加的长期原因但其对就业的影响效应很弱;（2）出口、进口和外资对就业变化的平均贡献度分别为12.994%、-4.051%和0.392%,总体的经济开放因素对就业变化的平均贡献度为9.336%,且贡献度的变化趋势表现为倒＂U＂型。     

证券投资基金投资风格对心理账户的门限效应

针对国内证券投资基金的风格漂移现象,本文引入Hansen(1999)面板门限计量经济模型,对Fama—French三因子模型进行估计,以揭示基金投资风格漂移与投资者心理账户之间的非线性关系。发现基金投资决策并非依赖于自身的当前收益,而是依赖于持仓调整后市场平均收益,这是基金投资风格周期性漂移和趋同的主要原因。基金风格在市场收益为-0.073和0.182处发生普遍调整在高于0.182或低于-0.073时,基金都更偏好大盘股和高账面市值比股票。这一结果与前景理论中的心理账户效应相符,而并非完全是羊群效应导致。     

我国水产品专业市场发展动力及其商业模式研究——基于面板数据的经验分析与沪粤浙三地例证

全球化背景下的食品质量安全问题受到前所未有的关注,学术界纷纷从产业组织模式新视角探寻其治理机制.文章通过理论推演与经验分析发现,在当今移动互联时代现代流通组织模式快速扩散的情形下,专业市场显示出巨大的生命力,是我国水产品质量安全与产业升级的重要载体与集成平台.基于面板数据探寻水产品专业市场经营绩效的驱动因素,发现专业市场高效运转有赖于市场经营特色与区位优势,市场商业模式与消费需求的对接,市场与入驻商户尤其是大商户伙伴关系的建立.依循这三个主导要素,采用多案例研究总结了成功的专业市场商业模式的共性并讨论了对水产品专业市场兴建与繁荣升级的启示.     

人力资本对产业结构优化升级的影响——基于空间面板数据模型的研究

产业结构优化升级主要包含产业结构合理化与产业结构高级化两个方面. 本文基于2002—2013年间的中国30个省域的数据, 采用空间面板数据模型, 经验分析了人力资本对于产业结构合理化与产业结构高级化的影响作用. 分析得出: 当前中国的人力资本积累水平对于产业结构合理化与产业结构高级化均呈现出正向促进作用; 人力资本分布结构并不利于产业结构合理化与产业结构高级化; 与此同时, 从人力资本对产业结构合理化与产业结构高级化的空间效应来看, 人力资本积累水平具有正的空间溢出效应.