新型城镇化加剧了地方政府的土地依赖吗?——来自中国省际面板分位数估计的经验证据

借助2002年到2011年全国省际面板分位数估计方法实证研究了地方政府土地财政扩张的新型城镇化诱因。结果表明：(1)新型城镇化过程具备市场化内生的自我生财机制;当前导致地方土地财政高企的主要原因在于地方政府追求就业拉动而采取的税收竞争行为。(2)公共服务与社会保障城乡一体化进程在短期内具有增加地方政府财政支出压力性质,但中长期具备快速提振城镇化质量的“回流效应”。(3)东部地区土地依赖程度较高急需建立适应城镇化发展的土地财政代偿机制,而中西部地区土地财政风险可控可继续实施土地出让金提取反哺城镇化发展的战略思路。     

信用评级高估与融资的所有制歧视——基于中国公司债的数据

为了分析发债主体所有制性质对公司债发行定价影响的作用机理,从信用评级高估的假设出发,将所有制性质的定价作用区分为直接效应和间接效应,基于贝叶斯法则得出两个推断：评级高估会导致发债主体所有制性质对公司债发行定价的直接效应;高信用等级公司债发行定价会受到发债主体所有制性质的直接影响,低信用等级公司债则不然。通过对2007—2013年沪深两市公开发行的公司债进行实证分析,推断得到了验证。这些分析有利于剖析民营企业融资歧视的形成机制。     

An Experimental Study on Dividing Gains through Politics

This article offers experimental evidence to examine an important case in politics where a monopolistic proposer seeks a majority's consent from competitive responders to split the gain. The unique subgame perfect equilibrium prediction is that the side of trade with a monopoly will exploit the side of trade with competition to reap almost all of the gain. Our experimental evidence reveals that while responders do compete with each other to race to the bottom (consistent with the prediction), the monopolistic proposer settles down to offer a ‘fair’ share of the pie to those from whom he or she seeks majority support (contrary to the prediction).     

国家所有权视角下的国有公司激励制度重构

国有公司的激励问题一直是我国国企改革的重点,但无论是历史的还是现实的激励模式,都游离了国家所有权公权的本质和私法行使的属性,因而不可能使激励机制发挥应有的作用。在剖析国家所有权属性的基础上,逻辑地推导出国有公司激励制度的价值取向——兼顾公平与效率,运用这一理论批判了现阶段国有公司主流的激励模式——年薪制和股票期权制,认为其不是解决国有公司激励问题的有效路径,进而提出"经济增加值(EVA)薪酬制"应成为我国国有公司激励的基本制度。     

高动态临近空间飞行器海上组网测控方案设计

为解决高动态临近空间飞行器海上测控对测量船数量需求较多、现有船队规模无法满足的难题,在分析测控需求特点的基础上,提出了一种基于测量船与临近空间飞艇组网测控的新模式。结合近中程、远程飞行试验分别进行了测控总体方案设计,并讨论了海上组网测控需要研究的关键技术。相关研究对我国后续开展高动态临近空间飞行器海上测控系统建设具有一定的参考价值。     

中国收入分配结构演变对国内旅游消费的影响

国内旅游是成熟旅游业的主体，其发展与经济水平高度相关。本文从居民收入及其分配结构演变角度，对20年来中国国内旅游消费及其特征进行理论性分析。     

A mirror of history: China's bond market, 1921–42

This article provides a quantitative assessment of contemporary beliefs about historical events by econometrically identifying ‘break points’ in China's domestic bond market from 1921 to 1942. We find that these ‘break points’ usually coincided with the events highlighted by the Shanghai Newspaper—an influential daily newspaper produced during the time of the Republic of China. These events are also generally considered to be crucial by historians—for example, the Japanese invasion of Manchuria and the outbreak of the Second Sino‐Japanese War. However, some events to which historians attach great importance, such as the conflicts between Nationalists and Communists in the 1930s, were not reflected in the bond market and did not attract much media attention. Some events, such as the Sino‐Japanese ceasefire in Tanggu in 1933, were thought to be crucial by contemporaries, but have been downplayed by later observers.     

柴胡口服液的工艺研究

目的探讨完善柴胡口服液中的柴胡提取工艺及其参数的方法。方法以药典质量标准为指标,通过调整浸渍方法、浓缩温度和时间、冷藏条件和p H值、辅料用量等方法,解决原工艺产品鉴别和澄清度不合格的质量问题。结果通过增加药材冷浸12 h提高了挥发油的提取率;通过控制浓缩温度和时间尽可能减少了柴胡皂苷d的分解;通过正交试验筛检,将得到的提取液置于1℃、p H值为7.0条件下冷藏48 h,将杂质有效除去。通过增大丙二醇用量增加了产品的溶解稳定性。结论按改进后的工艺条件生产,三批成品质量合格,初步稳定性试验结果表明该工艺稳定、可行。     

New roles of NPOS and partnership with government and/or business in China

In order to cater to the globalization trend, a general governmental institution reform has taken place in the world, and the aim of the reform is to limit governmental power and promote governmental efficiency. The force of the reform comes from both the domestic press and oversea press. On a national level, the request for legality of governmental power and controllability of governmental decision‐making is becoming more urgent on a daily basis. On an international level, globalization has urged cooperation and rapid response from every countries in the world. Most countries focus on limiting governmental power and power dispersion.     

单供应商——单销售商两级供应链批量模型及算法研究

针对单供应商-单销售商两级供应链,建立了“批对批”、等量延迟送货和等量非延迟3种生产-补货模型,研究了供应链上下游企业在集中式决策和分散式决策下的最优决策策略.给出了各种情形下供应商和销售商各自的最优决策以及与之相对应的库存水平和供应链系统总成本函数.最后通过数值仿真实验分析了模型的最优解特性并对结论做了进一步的说明.