金融发展、实体部门与中国经济增长

本文利用1998²015年间中国30个省级地区的面板数据,通过构建动态面板模型,将金融发展和实体部门经济之间的增长差异与金融发展的交互项纳入到计量模型中,实证检验金融发展与经济增长之间是否具有非线性关系。结果表明,金融发展对中国经济增长的影响取决于金融发展和实体部门经济之间的增长差异。当金融发展增速超过实体部门经济增速24.34%时,金融发展会对中国经济增长产生显著的负面影响;当增速差异不高于24.34%时,金融发展会对中国经济增长产生显著的正向影响。     

中国动漫:"病树"前头万木春

中国动漫:越来越热 今年,动漫热在全国各大城市风靡.炎热署假,各大中城市举办的动漫巡展此起彼伏,热潮一浪高过一浪.仅8月北京的动漫嘉年华,就吸引了数万名动画漫画迷.而在全国,热热闹闹的"国际城市动漫展"刚降下帷幕.10月份,"东南亚动漫巡回展"也已敲定在上海举行.而在七八两个月期间,仅在上海就有七个不同的动漫展举行.10月1日到10日期间,广州也有两个动漫展分别在锦汉展览中心和花城展览中心同时举行.     

Controlling the Urban Fabric: The Complex Game of Distance and Proximity in European Upper‐Middle‐Class Residential Strategies

This article presents an open discussion of the processes of urban secession and gentrification in contemporary European cities, arguing that intergroup social dynamics in urban spaces are generally more complex than either extreme mutual avoidance or the colonization of neighbourhoods by the wealthiest groups. We analyse the residential strategies of urban upper‐middle class managers in various European metropolitan areas through in‐depth semi‐structured interviews to argue that these groups develop complex strategies of proximity and distance in relation to other social groups. The development of these ‘partial exit’ strategies takes place through specific combinations of practices that allow groups to select the dimensions they are willing to share with other social groups, and those in which they prefer a more segregated social environment for themselves and their families. The responses of our interviewees were consistently more nuanced and complex than suggested by a simplistic theory about their drive to withdraw from society, forcing us to develop more sophisticated conceptual frameworks to account for the growing prevalence of multi‐layered identities and spheres of reference and solidarity, specific combinations of elective segregation and local involvement, and more active patterns of mobility combined with local embeddedness.     

环境规制强度与国际产业转移实证研究——以广西北部湾经济区为例

采用1993～2010年的年度数据,运用非线性Granger因果检验对广西北部湾经济区环境规制强度和国际产业转移进行实证研究,结果显示,环境规制强度与国际产业转移不存在非线性Granger因果关系,即在一定程度上加大环境管制力度,不会影响广西北部湾经济区对发达国家的产业承接,反而在促进区域经济发展的同时,使环境得到改善。     

词汇化探索

词化过程是语言领域的自然过程,是一个类似写作过程的(thinking aloud)过程,而且具有基因特点;词化过程是认知过程中语言的自然过程,其结果是词权的确立。     

A stochastic dominance approach to the measurement of discrimination

This note suggests a bridge between stochastic dominance (Rothschild and Stiglitz, 1970 [17], 1973 [18]), inequality measurement (Atkinson, 1970 [1]) and discrimination measurement (Gastwirth, 1975 [10]). Discrimination orderings are defined and illustrated through discrimination curves, in the same spirit as stochastic dominance analysis. The main result, which links the second order discrimination curve and the Gastwirth discrimination index, also generalizes the equivalence between Generalized Lorenz dominance and second order stochastic dominance.     

Testing evolutionary theory of household consumption behavior in the case of novelty - a product characteristics approach

This article tests and extends the evolutionary theory of household consumption behavior, which is an alternative to neoclassical theory. Evolutionary economists offer novel approaches to the analysis of consumption behavior that emphasize the major role of learning in the evolution of consumer preferences and wants. As a possible inspiration for further progress in evolutionary thought, this paper examines the idea of consumer learning by studying the nature of what consumers should learn in the context of ‘novelty’. Our empirical results regarding novelty during the learning process show that consumers learn the ‘new characteristics’ of consumer goods, contrary to the Lancasterian approach, which suggests that the characteristics space of goods is fixed. We show that during the process of consumption, ‘consumer learning’ extends the characteristics space of consumer goods; this phenomenon is far from negligible and differs across product types. Moreover, our results show that the emergence of new characteristics cannot be modeled as a Poisson process because these new characteristics exhibit clear interdependence over time.     

Re-examination of industry effects due to withdrawn mergers

We find that the announcement of a merger withdrawal elicits negative industry effects on average, which reflect a partial reversal of the favorable industry effects that had previously occurred at the time of the merger proposal. The mean reversal is about 35% of the original favorable industry effect at the time of the merger announcement. This result for the mean effect is opposite of that found by Akhigbe et al. (2000). When we break our sample into sub-periods, we find that industry effects are substantially weaker in a more recent sub-period beyond the sample period used by Akhigbe et al. (2000). We also find that the industry effects are more negative when the share price response of the target at the time of the announced withdrawal is weaker. Whether the negative impact on the target is attributed to either a reduced likelihood of takeover or weaker industry prospects, it carries over to industry rivals.     

Estimating semiparametric panel data models by marginal integration

We propose an alternative method for estimating the nonlinear component in semiparametric panel data models. Our method is based on marginal integration that allows us to recover the nonlinear component from an additive regression structure that results from the first differencing transformation. We characterize the asymptotic behavior of our estimator. We also extend the methodology to treat panel data models with two-way effects. Monte Carlo simulations show that our estimator behaves well in finite samples in both random effects and fixed effects settings.     

我国金融控股银行与非金融控股银行经营绩效比较研究

在受金融自由化改革和金融创新的推动下,混业经营在金融一体化下成为一种趋势。我国商业银行通过组建金融控股公司,已广泛开展保险、信托、证券、基金等业务间合作。本文以我国主要商业银行2005年至2007年的业绩表现为研究对象,对其进行了研究,结果表明:我国金融控股公司背景银行的经营绩效好于非金融控股公司背景银行,金控银行的手续费及佣金收入对绩效有更高的贡献率,我国应鼓励商业银行向金融控股公司转型,实现金控模式的规范发展。