Foreign direct investment and business cycle co-movements: The panel data evidence

The previous literature has largely overlooked the possible channels through which foreign direct investment (FDI) might influence business cycle synchronization. In this study we analyze the linkages that exist among FDI, trade and industrial dissimilarity in relation to business cycle co-movements using a panel data set taken from 77 pairs of developed countries. The error component three-stage least squares (EC3SLS) estimates from a simultaneous equations model with panel data are shown to be superior to the estimates obtained from single equation models or simultaneous equations models with cross-sectional data. Our results indicate that FDI serves as a channel of international business cycle transmission that is equally important as the channels of trade and monetary policy. On the contrary, industrial dissimilarity is identified as having an indirect impact on the business cycle correlation through trade and FDI. Furthermore, our findings suggest that in our sample FDI is of the horizontal type and tends to substitute for trade.     

确保砼外观质量的施工技术措施

随着桥梁工程建设越来越注重砼外观质量,特别是城市及旅游景点的桥梁工程,出露的结构物往往要求一次浇筑成型,面层平整光滑、色泽均匀,棱角顺直、无碰损和污染,不需做任何外装饰,直接采用现浇砼的自然色作为饰面。文章通过模板、砼配合比、砼浇筑及振捣等方面详细阐述了确保砼外观质量的技术措施。     

论750kV主变绝缘油中颗粒度指标的保证

文章以试验数据为基础,介绍了绝缘油中颗粒度对超高压电气设备绝缘强度的影响,阐述了拉西瓦水电站750 kV变压器油的处理工艺。     

Optimal transaction filters under transitory trading opportunities: Theory and empirical illustration

If transitory profitable trading opportunities exist, transaction filters mitigate trading costs. We use a dynamic programming framework to design an optimal filter that maximizes after-cost expected returns. The filter size depends crucially on the degree of persistence of trading opportunities, transaction cost, and standard deviation of shocks. For daily dollar–yen exchange trading, the optimal filter can be economically significantly different from a naïve filter equal to the transaction cost. The candidate trading strategies generate positive returns that disappear after transaction costs. However, when the optimal filter is used, returns after costs remain positive and higher than for naïve filters.     

论房屋建筑墙体裂缝成因及控制措施

墙体裂缝成为建筑上的质量通病之意,严重影响了人们的生活品质——既影响美观也容易造成安全隐患。因此,研究墙体裂缝产生的原因进而研究相应的控制措施,就成为人们关注的焦点。正是从这个角度出发,采取文献法和实例分析方法进行了相关的分析。     

浅析新时期高校学生公寓安全问题新趋势及解决对策

学生公寓是大学生生活学习的主要场所。近年来,学生公寓中呈现的安全问题也日趋多样化、复杂化。文章就目前新时期高校所呈现的公寓安全问题新趋势进行了剖析,提出了相应的解决对策。     

绿色和谐管理的哲学意蕴

21世纪是生态时代,绿色则是生态时代的根本特征。这一时代特征要求企业用新的管理理论来经营管理企业,绿色和谐管理理论则正好顺应了这一时代要求。本文从哲学层面对绿色和谐理念进行剖析,并在此基础上揭示出绿色和谐管理的本质,以便为我国企业推行绿色和谐管理理论提供参考。     

WTO保障措施的实施效应与对我国影响的实证分析

保障措施是WTO的三大贸易救济措施之一,它的实施会对产品的进口国、出口国和第三国产生不同的影响。文章先从理论角度探讨了它的实施效应,再从实证角度对我国发生的保障措施案所产生的影响进行了论证分析。     

浅析国际商事仲裁的证据标准

国际商事仲裁证据复杂,在探讨证据标准考察了国际商事仲裁证据制度的基本价值取向;探讨了诉讼中和国际商事仲裁中证据标准的差异和各自特点;结合对诉讼证据特征的分析,参考有关仲裁实践与规则制定,归纳了国际商事仲裁证据标准的自有特征,藉以对理解国际商事仲裁证据,及完善我国涉外仲裁证据规则有所助益。     

论市场经济条件下对私有财产权的保障

私有财产权是一种与市场经济相伴相生的法律现象,宪法和法律对私有财产权的界定越清晰,保障越有力,市场机制的作用越能得到有效的发挥,从而最大限度地加快经济的发展和增加社会财富。