The education pillar of the Europe 2020 strategy: a convergence analysis

Empirica - In March 2010, the European Commission launched the Europe 2020 strategy ‘for smart, sustainable and inclusive growth’ in the EU. Education is a major pillar of the Europe...     

Financial Instruments and Promotional Banking in the EU are Growing — But is this Justified?

Institutions and the European Investment Bank are at the forefront of EU investment policy. Their role is expanding and it is now a widely-held position that an improvement in the economy will not eliminate the need for their intervention. The proposals for the 2021–2027 MFF launch more financial instruments and present ‘InvestEU’ as a larger more powerful version of the European Fund for Strategic Investments (EFSI). However, promotional banking is often misunderstood and so is the actual size of promotional banking in Europe in which InvestEU will operate.     

Impact of state-dependent oil price on US stock returns using local projections

In this paper, we investigate the impact of oil prices on both aggregate and industry US real stock returns over the period 1973–2017. The empirical analysis contributes to the related literature introducing a state-dependent oil price (high and low) and the local projections approach. Our main finding is that, depending on the nature of the shock and industry, the negative effects of oil price shocks become exacerbated -and the positive effects get moderated- if oil prices are already high.     

The Dynamics of Productivity: A Decompostion Approach Using Distribution Functions

In this paper we use a micro panel data set of Spanish manufacturing firms to measure the contributions of continuing firms and turnover to total factor productivity growth over the period 1990–1997. The paper proposes an approach to the decomposition of productivity growth that is based on the estimation of productivity distributions. We characterize the dynamics of productivity distributions defining counterfactual distributions and using non-parametric methods. The results we obtain indicate that incumbent firms are the main factor contributing to the change in the productivity distribution. Net entry contributes positively to TFP growth. Finally, changes in the relative weights of incumbent, entering and exiting firms produce a counter-cyclical movement of productivity.     

发展现代物流开掘新的利润源

随着经济的全球化，现代物流业在国内已逢勃发展，通过大量的资料和数据，说明了现代物流业已成为国民经济的重要支撑点，是新的“利润源泉”，指出了我国如何加快现代物流业的举措。     

高高在上的尊严

夜晚的绕城公路上，两三名“交警”拦下一辆外地牌号的轿车，制服、警帽、罚单甚至配枪，一应俱全，几名“人民卫士”俨然在秉公执法于一个交通违规事件。车，被“顺理成章”地扣留。几天之后，当车主带着扣车凭证前往车管所领车的时候，揭开了一场几地连锁的冒充交警扣车骗车的案件序幕。这是发生于广东省的一桩大型诈骗案件，涉及范围广及东莞、肇庆、深圳等多处。在警方严密配合下，几经展转周折，案件终究告破。     

企业公民

早在2003年．身为商务部研究院跨国公司研究中心主任的王志乐就开始对跨国公司如何强化公司责任进行了调查研究，当时．国内学术界媒体对于“公司责任”这个领域的研究报道几乎是一片空白。     

好风凭借力送我上青云--记虎门借力服装跃居全国千强镇之首

虎韵霓裳羽衣曲,十载激情谱华章M 11月,中国(虎门)国际服装交易会将迎来它的十岁华诞,一个激动人心的消息像一份不期而至的大喜贺礼在她的生日到来之际传来--国家统计局公布最新测评结果,全国综合实力千强镇名单新鲜出炉,虎门荣登榜首!     

加盟奥运特许经营的途径

7月1日．西部第一家北京2008年奥运会特许商品零售店正式在成都亮相。成都是继北京、青岛、上海之后，第4个开设奥运会特许商品零售店的试点城市。