SCALE ECONOMIES OF THE FRANCHISED BUSES AND FERRIES OF HONG KONG, 1948–1998

The privatization of state transport operators has been driven by empirical discoveries in transport economic research of the constant or even diseconomies of scale of these operators. With reference to public records and official statistics, this paper is an initial attempt to examine the scale economies of and output relationship between major bus and ferry operators in Hong Kong during the period 1948–1998. The two franchised bus and two franchised ferry companies each experienced unique scale effects during different periods and correlated with each other in terms of production. The paper will also discuss the possible reasons for this phenomenon and policy concerns related to this finding.     

Regional differences in a national culture and their effects on leadership effectiveness: A tale of two neighboring Chinese cities

We argue that regional differences in a large culture influence leadership effectiveness. Studying the differences and their consequences on leader–member exchange (LMX) and the employee performances in two neighboring Chinese cities, our empirical results show significant differences between group supervisors in Hong Kong and those in Shenzhen. Hong Kong supervisors apply the LMX technique more aggressively, and also more successfully than their Shenzhen counterparts in terms of improving employee performance and reducing turnover.     

全球经济滞胀风险成因及前景

当前全球通胀压力不断加大,从欧盟的情况来看,由于减碳力度加大,碳价及能源价格暴涨正在推动电价飙升,多国PPI突破10%,创近30年之最;从美国情况来看,政策刺激力度超过次贷危机,短期内需求扩张推升了通胀;从生产要素看,疫情下的供应链中断叠加油气价格暴涨,各国都面临要素成本上升的问题;从不可控因素看,极端天气变化导致全球食品价格大幅上涨。在通胀压力与日俱增的同时,全球经济在短暂修复后出现放缓的趋势,呈现出滞胀的特征。为了避免经济滞胀向中长期演化,需要加强国际政策合作。     

Celebrity Attachment and Behavioral Intentions: The Mediating Role of Place Attachment

Film‐induced tourism has recently gained increased attention in academic research. Although previous literature has identified the existence of consumer–celebrity attachment, scant empirical studies have examined whether celebrity attachment influences behavioral intentions in a film tourism context. The purpose of this study is to examine the relationship between celebrity attachment and behavioral intentions as well as to clarify the role of place attachment. Survey data from 312 tourists in Taiwan indicate that celebrity attachment is positively related to behavioral intentions. Moreover, place attachment partially mediates the relationship between celebrity attachment and behavioral intentions. Implications of these findings for managing marketing strategies as well as future research directions are subsequently discussed. Copyright © 2013 John Wiley & Sons, Ltd.     

普惠金融距离视角下中国对“一带一路”OFDI的影响效应分析

普惠金融体系在"一带一路"中的完善与发展是"一带一路"倡议实现贸易畅通和资金融通的核心环节。基于此,采用2011-2018年"一带一路"51个沿线国家数据,测度沿线国家普惠金融发展水平及其与中国普惠金融发展水平的距离,并进一步考察普惠金融距离对中国向沿线国家对外直接投资的影响。结果表明:"一带一路"沿线国家普惠金融水平普遍较低,中国处于领先地位;普惠金融距离对中国向沿线国家对外直接投资具有明显不同的长短期效应;而就分层而言,中国对不同圈层国家对外直接投资的规模与流向受普惠金融距离影响效应存在显著差异。最后,依据实证结论,得出相关政策启示。     

基于ELES模型的长江经济带城镇居民消费结构研究

长江经济带作为关系国家发展全局的重大战略,人口规模和经济总量庞大,居民消费结构差异较大。故本文根据长江经济带城镇居民人均可支配收入和人均消费支出数据,利用ELES模型进行定量分析,发现长江经济带城镇居民生活水平高,但是整体边际消费倾向较低,并且医疗保健、交通通信、教育文化娱乐等服务型消费成为其居民消费新热点。