工业园区绿色招商指标评价体系研究

本文分析了目前国内招商引资中出现的问题，提出了综合考虑投资环境和扫商要求的工业园区绿色招商及其评价指标体系，给出了相应的评价方法、同时对苏州工业围区的绿色招商水平作了具体评价。     

中国上市公司债权对公司绩效影响的实证研究

关于债权的治理效应，代理成本理论和控制权理论都认为，企业资本结构中一定的负债有利于公司治理效率的提高。本文以2002～2004年度沪市上市公司为样本（样本总量为2284组数据），对我国上市公司的债权治理效率进行了实证分析。结果表明，我国上市公司负债对其绩效有重要影响：债权比例与公司绩效在统计上呈显著的负相关关系，即上市公司的负债比例越大，其绩效也会越差，公司绩效与负债还存在着显著的二次关系，当资产负债率（DAR）为21．79％时，若其他条件不变时，债权对公司绩效促进作用最大，超过这一比例，债权与公司绩效呈负相关。本文对这一结果进行了原因分析，并提出了政策建议。     

生态旅游的发展条件与可持续发展的保障模式研究

以发展生态旅游带动地区经济发展的跨越式发展模式被许多欠发达地区看好,但是如何真正做到旅游开发的可持续性是欠发达地区在实际发展中面临的共同问题。本文以浙江省欠发达地区丽水市为例,通过对丽水市发展生态旅游的条件、可持续发展的影响因素及保障模式的分析研究,阐明在生态旅游开发过程中政府、企业、个人等各开发主体和开发目标的关系,以保证地区发展在空间时间上的连续性和可持续性。     

人力资本、财务资本与资本结构：理论和实证

当今社会已经从工业经济迈进知识经济时代，现有以财务资本为研究对象的资本结构理论在解释咨询、高新技术等人力资本较为密集的公司时难免会捉襟见肘。视企业为财务资本与人力资本共同的投资组合是现代资本结构理论研究刻不容缓的任务。本文以现有财务资本结构的研究为基础，通过引入人力资本变量拓宽现代资本结构的内涵，构造债务、股权和人力资本三者之间相互关系和作用的数理模型，结合对我国计算机应用服务业的实证分析，得出结论和启示。     

Choosing sides in the trilemma: international financial cycles and structural change in developing economies

ABSTRACT

This paper analyzes the impact of international financial cycles on structural change in developing economies. It is argued that the impact of these cycles depends on the specific combination of macroeconomic and industrial policies adopted by the developing economy. The cases of Brazil and Argentina are contrasted with those of Korea and China. In the Asian economies, macroeconomic policy has been a complementary tool along with industrial policy to foster the diversification of production and capabilities. Inversely, in the case of the Latin American countries, long periods of real exchange rate (RER) appreciation, combined with the weaknesses (or absence) of industrial policies, contributed to the loss of capabilities and lagging behind.     

Sample attrition and labor force dynamics: Evidence from the Spanish labor force survey

In this paper we examine a number of issues that arise in investigating labor force dynamics using the Spanish Labor Force Survey (EPA). These issues are by no means specific to the Spanish case and apply to most European-style labor force surveys. Our main conclusions may be summarized as follows. First, survey nonresponse cannot be neglected. Second, the EPA tends to underestimate employment and participation of high-educated young people, and to overestimate those of the low-educated elderly. Finally, we find little evidence that attrition causes important selection biases in estimating quarterly transition probabilities.     

Ethical aspects of an urban catastrophe

As a consequence of the collapse of a building in Barcelona, in December 1990, it was discovered that a large number of dwellings, mainly in Barcelona but also in other towns of Catalonia, were affected by a structural defect known as aluminosis, consisting of a deterioration of the reinforced concrete manufactured using aluminous cement, which considerably reduced its strength and that of the steel embedded in the concrete. This brought to light a series of economic, social, political and also moral problems, such as the use of the aluminous cement itself — a quality product but which requires careful handling —, the lack of regulation concerning the product and its use in construction, the poor state of repair of the buildings affected, the careless manner in which they had been built, the lag in technical knowledge, the financial situation of the people affected by the aluminosis, etc.This document provides a full account of the events and their historical, technical, economic and legal background, paying particular attention to the ethical problems created by the situation.Antonio Argandoña is Professor at IESE, the International Graduate School of Management of the University of Navarra in Barcelona (Spain), where he teaches Economics and Business Ethics. He is a member of the Executive Committee of EBEN (European Business Ethics Network), and of the Organizing Committees of the Second (Barcelona, 1989) and Sixth (Oslo, 1993) European Conferences on Business Ethics. He is also co-editor ofPeople in Corporations: Ethical Responsibilities and Corporate Effectiveness (Kluwer, 1990) and author of many articles on business and economics ethics. This article was presented to the Fifth European Conference on Business Ethics (Paris, October 1992).     

Problems and environment of small businesses in the Czech Republic

The impressive and spontaneous build-up of the private small and medium-sized enterprises (SMEs) in the Czech Republic in 1990–93 coincided with the similarly dramatic changes in the public administration and in the whole environment for decision-making. The resulting problems of SMEs in the Czech Republic seem to be common to all economies in transition. A lot of the problems are caused by the macroeconomic policy for which this sector is not the most important part of the national economy. The paper shows some conflicts between macroeconomic anti-inflationary (monetary and fiscal) policies, and interests of small businesses. The authors stress the importance of SMEs during the period of transition. Informal aspects of the functioning of small firms are discussed, especially their relation with banks and public administration. The paper offers some empirical evidence and available statistics on SMEs developments during 1990–94 focusing particularly on manufacturing.     

Congestion effects in a public-good economy

This paper considers a public-good economy with congestion, where participants jointly produce a public good from input of a private good. This economic model gives rise to a transferable-utility game, the profit game, that depends on consumer preferences and a congestion parameter. The simplicity of the game allows the maximum level of congestion that guarantees the nonemptiness of the core of the economy to be determined. It is known that the sustainability of the Lindahl equilibrium in the core of the economy depends on the distribution of profits. In this paper two distributions of profits are compared: the Lindahl solution and the marginal-contribution solution. The latter is more often in the core than the Lindahl solution which in turn Lorenz-dominates the marginal-contribution solution.     

"突破菏泽"经济发展模式的几点思考

菏泽市，古称曹州。历史上，菏泽因水而穷。建国前，黄河三年两决口，菏泽人民饱受自然灾害之苦，生产条件恶劣，工业几乎空白。建国后到改革开放前，菏泽处于吃粮靠统销、生产靠贷款、生活靠救济的“三靠”状态。长期恶劣的生存环境使不少菏泽百姓逐渐形成了不敢积累、不愿意积累、无意识积累的生活习惯。从1992年到2002年的10年间，菏泽市GDP年均增长6．8％，比全省平均水平低6个百分点，菏泽市累计实际利用外资仅占全省累计实际利用外资的1％，累计出口总值仅占全省累计出口总值的0．5％。2003年菏泽市人均GDP3337元，仅为全省平均水平的25％。1992年菏泽GDP同德州、聊城、滨州经济实力大体相当，现在差距却越来越大，从这些数字中折射出一个严峻的现实：菏泽何去何从？