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51.
This paper presents a comparison of alternative indicators of underlying or “core” inflation in the French case. Four broad
measures are considered and implemented. The first two are inflation excluding food and energy, and the trimmed inflation
indicator. We then implement two methods relying on time-series models: the Dynamic Factor Index and the structural VAR approach.
Each indicator stresses on a particular type of shock on the inflation rate, so that no simple ranking of the measures emerges.
Combining the various indicators conveys valuable information for appraising short term inflation developments. As regards
theoretical interpretation, no indicator is fully satisfactory, lacking an explicit representation of monetary policy. However,
comparing forecast performance with respect to inflation provides some specific support in favor of trimmed mean indicators.
First version received: January 2000/Final version received: March 2001 相似文献
52.
Raphaël Franck 《European Journal of Political Economy》2002,18(4):797
53.
54.
Franck Poupeau 《International journal of urban and regional research》2021,45(1):164-175
This essay applies Bourdieu's analysis of the formation of the ‘scholastic habitus’ in medieval times—elaborated in his 1967 afterword to his French translation of Erwin Panofsky's Gothic Architecture and Scholasticism—to the correspondence between indigenous mental categories and architectural innovation in the Bolivian ‘rebel city’ of El Alto. The principle of homology between mental categories and building layout (rooted in a shared habitus) can be used to interpret one of the most spectacular features of Bolivia's ‘emerging architectures’, known as chalets. The term chalet designates a hybrid structure consisting of a colorful and ornate penthouse and multi‐story dwelling erected on building rooftops. The chalets are architectural forms embedded within an economy of symbolic goods characterized by a ‘dual truth’: they are at once material and symbolic; they perform economic functions while seeking public visibility. The conspicuous lifestyle advertised by the construction of chalets can be understood by reference to the rising social power of the indigenous elites (cholos) dominating the thriving ‘ethnic economy’ of the city. The fraternities of El Alto emerge as the structural equivalent of the scholastic institution that Bourdieu associated with Gothic architecture: they are the site of production of a specific habitus, shared by native urban categories defined by similar residential locations, economic activities and forms of collective organization. 相似文献
55.
Laurent Cordonnier Thomas Dallery Vincent Duwicquet Franck Van de velde 《Review of Political Economy》2019,31(3):407-429
ABSTRACTThe term ‘financialization’ is often used to describe the major changes that occurred in the macroeconomic regimes of most developed and, to a lesser extent, emerging economies since the beginning of the 1980s. In the present paper, we propose a reappraisal of the notion of the cost of capital and subsequently argue that financialization in France has increased the cost of capital for nonfinancial corporations with new standards of financial profitability. We introduce a measurement for what could be called the over-cost of capital and describe how the evolution of this additional financial burden may explain the slowdown in the pace of capital accumulation, and thus the drop in French macroeconomic performance observed for the past 30 years. 相似文献
56.
The sales of books, DVDs, and music albums frequently increase substantially after the death of an artist. Yet, the mechanism behind this stylized fact remains unclear. In this paper, we examine whether after-death sales increases reflect primarily an affective reaction of existing customers or informative advertising for previously uninformed new customers. In our main study, we use weekly sales data for 446 music albums of 77 artists who died between 1992 and 2010. We show that album sales increase on average by 54.1 % after death and that the relative increase in sales is higher for the artist’s better albums. This suggests that death-related publicity serves primarily as informational advertising that attracts new customers who buy the artist’s best albums after death. Complementary evidence from a survey study with more than 2,000 participants confirms this interpretation and shows that information-based motives are relatively more important for after-death consumption than affect-based motives. 相似文献
57.
The “news view” of economic fluctuations: Evidence from aggregate Japanese data and sectoral US data
This paper uses aggregate Japanese data and sectoral US data to explore the properties of the joint behavior of stock prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business cycle theories. The approach used follows that presented in [Beaudry, P., Portier, F., 2004. News, stock prices and economic fluctuations. Working paper 10548. NBER]. The main findings are that (i) in both Japan and the US, innovations in stock prices that are contemporaneously orthogonal to TFP precede most of the long-run movements in total factor productivity and (ii) such stock prices innovations do not affect US sectoral TFPs contemporaneously, but do precede TFP increases in those sectors that are driving US TFP growth, namely durable goods, and among them equipment sectors. J. Japanese Int. Economies 19 (4) (2005) 635–652. 相似文献
58.
Sylvain Caurla Philippe Delacote Franck Lecocq Julien Barthès Ahmed Barkaoui 《Journal of Forest Economics》2013,19(4):450-461
As France works out its plan to tackle climate change issues, questions are arising in the forest sector as to how sectoral mitigation programs such as those designed to enhance fuelwood consumption or to stimulate in-forest carbon sequestration may coincide with an inter-sectoral program such as an economy-wide carbon tax. This paper provides insights into this question by exploring the impacts of (1) a combination of a carbon tax and a fuelwood policy, and (2) a combination of a carbon tax and a sequestration policy on (i) the economy of the forest sector, and (ii) the dynamics of the forest resource. To do this, we used a modified version of the French Forest Sector Model (FFSM) and carried out simulations on a 2020 time horizon. Basing our analysis on the fuelwood sector, we showed that wood producers always benefit from the combination of a carbon tax with either a fuelwood policy or a sequestration policy at the national level. Conversely, and although it favors wood products instead of non-wood substitutes, a carbon tax always decreases consumer surpluses by increasing wood product prices. As a consequence, the combination of a carbon tax with sectoral policies is likely to raise questions about the political economy of the mitigation program. This is particularly true in the case of a combination of a carbon tax with a sequestration policy, which already decreases consumer surpluses. We eventually showed that by increasing transport costs between domestic regions, the carbon tax reallocates production patterns over French territory which could lead to the necessity of a regional breakdown of policy-mixes in the forest sector. 相似文献
59.
There is now an extensive academic literature on non‐profit organizations (NPOs). The hypothesis that these organizations are different from for‐profit organizations (FPOs) is one that is frequently adopted. Nevertheless, a number of recent studies have suggested that many factors may cause NPOs to lose their specificity. The aim of this paper is to assess the influence of these variables empirically with regard to the continuing training sector. Our results lead us to conclude that, while some of these variables do indeed have an impact on the behavior of NPOs, there is sufficient evidence to conclude that they do behave differently from FPOs. 相似文献
60.
Alexandre Sauquet Franck Lecocq Philippe Delacote Sylvain Caurla Ahmed Barkaoui Serge Garcia 《Resource and Energy Economics》2011,33(4):771-781
Domestic and foreign forest products consumptions are considered imperfectly substitutable in the French Forest Sector Model (FFSM). This assumption is justified by product heterogeneities that depend on production places, by the consumers habits or by the market structure. It leads us to implement the international trade in the FFSM via the Armington's theory of the demand for products distinguished by place of production. In this paper we propose a calibration of Armington's elasticities of substitution between French and foreign forest products. System-GMM estimators are applied to identify robust parameters using a panel data from France customs service. 相似文献