中国公路投融资体制改革探索

我国的公路网建设还需要大发展,公路建设快速发展的要求以及公路建设资金相对短缺的矛盾,要求我们必须在实施车辆通行费制度的基础上深化公路投融资管理体制改革.对此,能否真正贯彻落实党和国家有关精神,转变思想观念,正确引导非国有资本建设公路,就成为公路授融资改革成功与否的重要因素.     

CEO cash compensation determinants: an empirical examination of US airlines

This study empirically investigated the determinants of cash compensation for chief executive officers (CEOs) for US airlines in the post-9.11 period. After an analysis of 53 firm-year observations from 2002 to 2004, we found that the airline CEO cash compensation was positively correlated with the size and revenue efficiency of an airline firm whereas growth, debt use, profitability, and stock performance were irrelevant to the compensation. Larger airlines with better revenue-generating ability tended to offer high cash compensation to their CEOs. Our findings suggest that the pay-for-performance principle has yet to be fully implemented in the airlines industry. To minimize agency problems and enhance the firm value of US airlines, CEO compensation should be based not only on revenue efficiency but also on profitability and stock performance.     

Nonlinearity and stationarity of inflation rates: evidence from the euro-zone countries

Earlier studies hardly reject the hypothesis of a unit root in inflation. Few studies have examined the possibility of nonlinearity in inflation and tested nonlinear stationarity of the inflation rates. This study thus intends to fill the gap. This study utilizes the tests for nonlinearity along with the unit root tests that allow for nonlinearity in the variables to examine the stationarity of inflation rates of 12 European countries that formed the Euro Zone (EZ) later in the sample period. The results suggest that the majority of these countries’ inflation rates can be characterized by mean reversion during the floating exchange rate period. Many of them appear to be nonlinear stationary. This finding is essential in conducting applied economic studies for these countries, when constructing models whose validity relies on whether or not inflation is stationary. The results of this study also imply that shocks to inflation have a transitory effect on inflation in the euro area. Therefore, it would be less costly in exercising the policies of disinflation for the monetary authorities of the euro area than for those of the countries with nonstationary inflation.     

超大城市独子时代养老的可持续制度设计——以上海为例

从人口学角度看,上海现阶段最突出的三大标签性特征是:超大城市、独子时代和持续老龄化。如何应对严峻挑战,作者提出了八条颇具可操作性的政策建议,包括改革养老保险制度,试点柔性退休举措,改进优化生育措施,探索就近异地养老,提供居家养老补贴,推广鼓励劳务储蓄,开拓养老金融市场,打造公平和谐养老环境。     

提高电力企业培训效果的方法探讨

随着我国社会经济不断发展和变革,电力行业正经历巨大而深刻的变化。在电力生产、经营、管理等各方面,对员工劳动的智能要求越来越高。因此,拥有一支高素质的员工队伍是电力企业实现快速发展的关键,是实现企业战略目标的保证。本文对电力企业培训面临的形势和存在的问题进行分析,并就如何提高培训效果的方法提出建议与大家探讨。     

加快物流中心建设 提高物流综合效益

本文介绍了中国物流业的现状 ,分析了物流中心的建设对社会发展、激活内需和提高企业竞争力所带来的作用 ,并针对我国物流中心建设过程中存在的实际问题提出几点对策和建议     

Expectations Formation and Business Cycle Fluctuations: An Empirical Analysis of Actual and Expected Output in UK Manufacturing, 1975–1996

Direct measures of expectations, derived from survey data, are used in a Vector Autoregressive (VAR) model of actual and expected output in eight industries in the UK manufacturing sector. No evidence is found with which to reject rationality in the derived expectations series when measurement error is appropriately taken into account. The VAR analysis illustrates the importance of intersectoral interactions and business confidence in explaining the time profile of industrial outputs, examines the mechanisms by which shocks are propagated across sectors and over time and investigates the relative importance of sectoral and aggregate shocks of different types.     

经济全球化背景下我国经济安全面临的问题与对策

随着经济全球化、金融一体化进程的加快,一方面各国的经济联系比以往更加紧密,另一方面一国的经济发展也更容易受到国内外不利因素的影响。在经济全球化背景下如何保障国家的经济安全成为国际社会普遍关注的重要课题。该文对国家经济安全的涵义及其构成作了界定,分析了当前我国经济安全面临的问题,提出了保障我国经济安全的对策建议。     

Editorial

This July 2012 edition of Public Money &; Management publishes a range of articles debating matters of interest to academics and practitioners working in the provision of public services. The efficient use of public resources is a recurrent theme in our journal and this is reflected in different ways in this edition.     

城管执法者的暴力倾向与素养提振的制度完善

城市管理综合执法从设立至今已经走过十余年了,在取得成绩的同时也存在很多的弊端,主要表现为城管执法人员素质不高,引发一系列的暴力执法事件.城管执法工作本意是使城市居民有一个更好和更安全的生活环境,可是为什么在实践中却出现了相反的结果呢?这是一个值得深思的现象.