人力资本跨国流动与中国经济增长——基于外商直接投资视角的研究

跨国人力资本作为外商直接投资(FDI)技术外溢重要载体的观点已被众多文献所探讨,但其对东道国经济增长的作用很少被详细的研究过。本文首先通过一般均衡模型描述了多样化的跨国人力资本和有形资产对东道国经济增长的作用。为了检验理论模型关于经济变量间关系的预测,采用中国1992-2007年29个地区的面板数据考察跨国人力资本流动对于我国经济增长的作用。将跨国人力资本变量引入传统的经济增长回归模型中,并运用SYS-GMM计量方法测算它对经济增长的效应。结果表明,基于FDI的跨国人力资本流动与经济增长显著正相关,在控制其他因素如人口和制度变量后,这一结果仍然稳健有效。     

The governance of the Boscombe Artificial Surf Reef,UK

The Boscombe Artificial Surf Reef (ASR) is the first ASR in Europe and is the flagship project of an ambitious scheme to regenerate Boscombe Spa, a resort-suburb of Bournemouth, UK. The Boscombe ASR therefore presents a unique coastal management challenge in Europe for which there is no precedent and little pre-existing management capacity. Through a multi-stage research process, this paper identifies the likely governance challenges that will face the Boscombe ASR. These were found to include overcrowding, a lack of surf skill and etiquette amongst visitors, conflict between different uses, and localism. Through a consideration of approaches to surf governance elsewhere, suggestions are identified for management interventions that may work in Boscombe. The paper concludes by identifying underlying tensions between the need to attract visitors to support the regeneration of Boscombe, the surf safety issues created by an influx of novice surfers, and the potential for the breakdown of the norms governing the self-regulation of surfing.     

Overconfidence and Corporate Tax Policy

Review of Accounting Studies - Using a sample of firms experiencing exogenous CEO departures, we investigate whether firms with overconfident CEOs avoid more tax. We find robust evidence of a...     

Marketing journal hierarchies: Faculty perceptions, 1986-87

This article reviews the latest perceptions among AACSB school professionals in the field of marketing regarding journal hierarchies. With the proliferation of marketing journals during the past few years comes the need to address the relative position of all marketing journals. This study lists journal rankings using prestige and importance indices. The paper concludes with a discussion on the relative importance of journal rankings in the consideration of promotion and tenure among faculty members.     

The Use of the Logit Model in Applied Industrial Organization

Qualitative choice models, such as the logit model, can capture important firm and product asymmetries. This paper surveys use of the logit model in industrial organization, with special focus on its application to merger analysis. The basic model and its motivation are reviewed, as is its estimation. Discussed in some detail is the use of the logit model to predict the price and welfare effects of horizontal mergers in differentiated products industries. Simulation using a qualitative choice model is argued to be far superior to traditional structural analysis. Logit merger simulations have the particular virtues of low informational and computational burdens and the use of the logit model can be motivated as reflecting a diffuse prior on the structure of demand.     

Performance Evaluation Of U.K. Unit Trusts Within The Stochastic Discount Factor Framework

We examine the performance of U.K. unit trusts between January 1982 and December 1996 within the stochastic discount factor approach across a wide class of models. No one model dominates the others in correctly pricing passive portfolios or detecting superior performance for hypothetical trading strategies. We find no evidence of significant superior performance by the unit trusts for any model of the stochastic discount factor. Also, the charges of the trust have a mixed effect on trust performance.     

The use of co-nomination to identify expert participants for Technology Foresight

The United Kingdom has been carrying out a major exercise in the field of Technology Foresight, involving fifteen panels engaged in wide consultation about the future of their areas. The objectives of the Programme are to help set priorities for publicly funded science and technology and to create new working partnerships between science and industry. The paper describes the process by which members of the panels, and those whom they subsequently consulted, were identified. A survey-based technique known as co-nomination was employed, whereby respondents were asked to identify suitable participants and at the same time to profile their own expertise. The process was repeated with those nominated. The patterns of expertise thus revealed are themselves of interest and are used to construct a map of the inter-relationship between the fields covered by the panels.     

Stock returns,real activity,and money: Causality testing using a multiple hypothesis testing approach

There is considerble debate concerning the dynamic relationship among stock returns and real activity. Two explanations that have received particular attention are those of the proxy hypothesis and the reverse causality explanation. The principle distinguishing feature between these two explanations concerns whether or not inflation merely proxies for some underlying relation among stock returns and real activity. The purpose of this article is to re-examine the evidence within the context of multiple time-series models. Our re-examination is motivated by some new developments in the area of causality testing employing Vector Autoregressive Moving Average (VARMA) models. These new developments have focused on the issue of causality testing when the hypotheses are not completely nested (as in VARMA models, by construction), and the potential bias that may arise by the inference procedure employed. Thus, this article carefully selects an inference procedure which permits one to infer the direction of potential bias and finds that the results of previous work are sensitive to the inference procedure employed. Controlling for this bias, we report that the evidence favors the proxy hypothesis.     

Foresight in innovation policy: Shared visions for a science park and business-university links in a city region

The paper describes the process and outcomes of an exercise that used the 'success scenario' methodology to develop a shared vision of the future of business-university linkages in the city region of Manchester. The aim was to link the strategies of the four universities in the area (and in particular those of the two research universities that were in the process of merging) with the city's own self-vision of its future as a 'Knowledge Capital'. The resulting report presented a scenario of what success would look like in 2008 in five dimensions: infrastructure, human resources, university missions, inward investment, and networking. The exercise has had a significant impact on regional strategy. The paper considers the design factors involved in gaining this level of action commitment from a foresight activity.     

WORKERS'CO-OPERATION

The first draft of this paper was put forward for consideration within the Labour Movement in April 1975 and was amended as a result of subsequent discussion. The paper examines the present movement for workers' co-operation in the light of the historical development of producers' co-operation in Britain. It concludes that the relative failure of producers' co-operation in the past has been due to the unfavourable economic environment in which it has tried to function – and that as a result it has been unable to compete with aggressive entrepreneurial capitalism in the accumulation of capital. Producers' co-operation has already demonstrated undoubted advantages. It is potentially more efficient in the use of labour and less socially divisive; it provides a model for the future transformation of industry in which workers can play a full part as equal partners rather than hired hands; it may also assist in maintaining existing, and creating new employment. In the present changed circumstances in which the free market economy is breaking down under accelerating inflation and major firms are turning to the government to solve their liquidity problems, it is suggested that workers' co-operation has an important part to play in the regeneration of British industry and that it should be encouraged as a matter of public policy. There are two major requirements for the growth of the producers' co-operative sector: 1. There must be a demand for, and ideological commitment to workers' co-operation on the shop floor. While this can be helped by government action it must develop primarily by the self-education of workers through their trade unions. 2. The state must create a climate favourable to workers' co-operation in the economy by the provision of capital, advice and specialist educational and technical assistance.