Shibor与货币市场利率体系的关系初探

Shibor的推出对于完善货币市场利率体系具有很重要的作用。文章探讨了自Shibor推出以来,其与货币市场其他利率之间的关系;重点采用相关性分析、协整检验、因果检验等数量分析方法,确定了决定Shibor利率水平变动的货币市场因素,通过建立模型初步研究了这些因素对Shibor利率曲线结构的影响,并提出相应建议。     

文化差异及其对广告诉求的影响:基于中美比较的视角(英文)

全球营销获得成功的首要条件是理解不同文化之间的价值观的相似性和差异性。由于缺乏以研究为基础获得的信息,这一任务对于试图与中国做生意的公司而言尤为艰巨。本研究采用霍夫斯塔德文化模型中的最新价值观来比较中美之间波莱广告诉求的有效性。在以文化维度为基础预测有效诉求的20个假设中,有9个得到了支持。另外一个假设也非常显著,但是与预想的方向正好相反。这些研究发现意味着,采用霍夫斯塔德文化维度作为有效广告诉求的唯一预测指标是不明智的。霍夫斯塔德维度或许缺乏可以有效预测各种广告诉求成功度所必需的结构。此外,广告诉求的有效性还可能由于其他因素(例如,年龄、社会趋势、政治法律环境及产品用法)而有所调整。     

Just Relations and Company–Community Conflict in Mining

This research engages with the problem of company–community conflict in mining. The inequitable distributions of risks, impacts, and benefits are key drivers of resource conflicts and are likely to remain at the forefront of mining-related research and advocacy. Procedural and interactional forms of justice therefore lie at the very heart of some of the real and ongoing challenges in mining, including: intractable local-level conflict; emerging global norms and performance standards; and ever-increasing expectations for the industry to translate high-level corporate social responsibility policy into on-the-ground practice. This research focuses on the “process” aspects of resource conflicts through an examination of existing grievance-handling procedures at six mining operations where company–community conflict was present. In their current form, and on their own, the six mechanisms were found to be insufficient in their capacity to advance justice. The authors argue that if the overall objective of global norms is that companies construct and perform grievance handling in ways that strongly preference just practices, then “mechanisms-in-practice” must be better understood and constructively critiqued along all justice dimensions.     

Heterogeneous nonmarket benefits of managing white pine bluster rust in high-elevation pine forests

This article describes a nonmarket valuation study about benefits of managing the invasive disease white pine blister rust in high-elevation forests in the Western United States. Results demonstrate that, on average, households in the Western United States are willing to pay $154 to improve the resiliency of these forests. Factor analysis shows that long-run protection of the forests dominates recreation in motivating support. Cluster analysis suggests three groups of survey respondents: those indifferent to the program and not willing to pay, those wanting to protect the future of the high-elevation forests, and those wanting to protect both the forests and related recreational opportunities.     

Survey on Chinese Enterprises' Outbound Investment and Operation (I)

The year of 2011 marked the beginning of China s 12th Five-Year Plan period,and also the 20th year of the country's implementation of its “going global” strategy.In the past decade,Chinese enterprises' outbound investment has witnessed the gradual transition from rapid growth to steady growth and from quantity based growth to qualitative based improvement.In 2011,against the backdrop of increasing turmoil in the global political and economic environment,the ongoing deepening of the European debt crisis,and an increasing complex international investment climate,Chinese enterprises' outbound investment maintained a stable growth momentum.Domestic investors made non-financial outbound direct investment in 3391 overseas enterprises in 132 countries and regions around the world,and the cumulative direct investment amounted to US$60.07 billion,up 1.8％ Y/Y.Going into 2012,domestic enterprises are actively more involved in overseas investment.In January and February,domestic investors made US$7.435 billion of non-financial outbound direct investment in 706 overseas in 97 countries and regions around the world,up 59.9％ y/y.     

目标群收视率:开辟电视广告精准到达之路

<正>电视广告投放如何做到更加精准?在高度竞争化的现代商业环境下,这个问题一直是广告从业人员致力解决的目标。然而,在很长的一段时间内,我们一边在提倡精准投放,一边却在单纯凭借经验确定我们的广告投放目标,使用传统的年龄或者性别等固定指标给他们贴上标     

Survey on Chinese Enterprises' Outbound Investment and Operation (Ⅲ)——Impact of policies and environment

1.Impact of domestic policies and environment 1.1 Obvious helping effect of going global government policy on enterprises Based on the survey,72.8％ enterprises said that they had obtained various kinds and degrees of assistance from domestic governments at various levels.     

Capital accumulation and growth: a new look at the empirical evidence

Using annual data for 75 countries in the period 1960–2000, we present evidence of a positive relationship between investment as a share of gross domestic product (GDP) and the long‐run growth rate of GDP per worker. This result is robust for our full sample and for the subsample of non‐OECD countries, but not for the subsample of OECD countries. Our analysis controls for time‐invariant country‐specific heterogeneity in growth rates, and for a range of time‐varying control variables. We also address endogeneity issues, and allow for heterogeneity across countries in model parameters and for cross‐section dependence. Copyright © 2010 John Wiley & Sons, Ltd.     

The welfare effects of illegal immigration

"This paper extends the work of Ethier on illegal immigration by examining the optimal level of enforcement for the labor-importing country in a two-country model and by considering the effects of allowing capital mobility. We derive a formula for the optimal level of enforcement against firms that hire illegal workers, and show that the presence of enforcement costs makes the policy less efficient than a wage tax. With capital mobility, foreign workers gain from an increase in enforcement in the home country because capital is driven out of the home country."     

The size of trading blocs Market power and world welfare effects

We construct an n-country n-commodity trade model to analyze the implications of bloc size for (Nash) equilibrium tariffs and welfare. The relationship between the absolute size of (symmetric) trading blocs and their market power is ambiguous, and we illustrate how this relationship varies with model parameters. In contrast, sufficiently large increases in the relative size of a bloc enhance its relative market power and cause the welfare of its country members to rise above the free trade level. We establish the existence of an optimal bloc size, and study the dependence of optimal size on the parameters of the model.