Is Belgium ready for EMU? A look at national, sectoral and regional developments

In EMU the question arises how countries will respond to adverse economic shocks. A statistical decomposition of output shocks in Belgium identifies the sectoral level as the main source of turbulence. This sectoral focus reduces the need for monetary, exchange rate and budgetary policies as macro-economic adjustment mechanisms but raises the issue of labour market flexibility. We show that wages fail to respond to sectoral and regional shocks. Similarly to the other EU countries, this absence of wage adjustments tends to amplify the regional divergence in production and employment performance, and can thus threaten political cohesion.     

Vintage capital and the diffusion of clean technologies

We develop a general equilibrium vintage capital model with energy‐saving technological progress and an explicit energy sector to study the impact of investment subsidies on equilibrium investment and output. Energy and capital are assumed to be complementary in the production process. New machines are less energy‐consuming and scrapping is endogenous. Two polar market structures are considered for the energy market: free entry and natural monopoly. First, it is shown that investment subsidies may induce a larger equilibrium investment into cleaner technologies either under free entry or natural monopoly. However, in the latter case, this happens if and only if the average cost is decreasing fast enough. Second, larger diffusion rates do not necessarily mean lower energy consumption at equilibrium, which may explain certain empirical observations.     

Firm agglomeration and local poverty reduction: evidence from an economy in transition

We examine the linkages between firm agglomeration and the welfare of households in Vietnam. We measured firm agglomeration by per capita firm output at the district level and household welfare by per capita income, expenditure, and poverty. We find that firm agglomeration helps households move from the informal sector to the formal sector. As a result, there is a positive effect of firm agglomeration on per capita income, per capita expenditure, and poverty reduction, albeit of a small and time‐decreasing magnitude. The effect of firm agglomeration on per capita expenditure tends to be higher for households with men, younger, and more educated heads than households with women, older, and less educated heads. Households in rural areas and those that do not have crop land are more likely to benefit from firm agglomeration than those living in urban areas and having crop land.     

我国商业银行的市场营销研究

随着我国经济的发展以及经济体制的改革创新,我国商业银行的经营面临着越来越激烈的内部和外部竞争,与此同时,人们传统的投融资观念也在慢慢发生变化。许多商业银行逐渐认识到了银行市场营销的重要性,开始实行商业银行的市场营销,然而相对于西方发达国家银行业取得的成果,我国商业银行的市场营销还处于很初级的阶段,迫切需要加快发展进程。     

Using export market performance to evaluate regional preferential policies in China

We evaluate the effectiveness of two types of preferential regional policy programs in China’s manufacturing sector. The primary goal of the Economic and Technological Development Zones (ETDZs) is to facilitate internationalization strategies, while Science and Technology Industrial Parks (STIPs) aim to generate technology spillovers. Various dimensions of export market performance are used as objective indicators for the upgrading of product quality and firm operations. We compare startups that locate into one of these zones with startups on the outside, while controlling for self-selection using treatment evaluation methods. The results indicate that firms locating in an ETDZ achieve much higher export values, driven by higher volumes of trade and numbers of destinations. Firms locating in a STIP perform best on quality dimensions. In particular they fetch higher export prices and have more success exporting to high-income countries.     

基于中国-东盟自由贸易区产业集聚与平衡效应研究

研究目的:为了实证考察中国自由贸易发展的战略选择,实现中国与周边国家贸易一体化,促进人民币国际化。研究方法:应用空间经济学理论模型研究自由贸易区的产业集聚进程和结果,并通过倍差法验证相关的研究结论。研究结果:小国先发模式的"CAFTA"改变了"核心-边缘"传统模式负效应,使区域内产业发展趋于平衡,"CAFTA"组建模式加速了成员国之间的产业间贸易。研究结论:通过自由竞争机制和成员国政策协调机制减少冲突、避免产业畸形,从而促进成员国经济发展趋向平衡。     

基于村级集体经济农产品销售窗口的建设与思考——以湖南省湘西州为例

湘西州是湖南省主要的少数民族聚居区和贫困区。近年来,由于生产效率提高,农产品买方市场形成,农产品流通不畅,严重制约着农业产业化发展,农产品销售难已成为制约湘西州农村经济发展的重要因素。文章就湘西州农产品销售窗口建设现状进行分析,提出应在该地区大力发展村级集体经济,建立村级农产品销售窗口,以村级集体经济带动农产品销售窗口建设,以农产品销售窗口促进村级集体经济的发展,解决农产品销售难的问题。     

基于社会责任和合法性视角的民营企业文化建设

民营企业文化建设是管理理论界一直关注的问题,也是民营企业管理者不断探索的实践问题。本文分析了民营企业文化建设的现存问题,并基于企业社会责任理论和合法性理论,提出了指导性的政策建议。