Ownership and production efficiency: Evidence from Taiwanese banks

In the early 1990s, Taiwan began her deregulation trend in order to enhance competition and economic efficiency across all industries. We derive a theoretical framework to predict possible rankings in technical efficiencies of public, mixed, and private banks. A panel data set with 43 Taiwanese banks during 1997–1999 is used for empirical analysis. We then apply a translog distance function to estimate technical efficiencies. The relationship between technical efficiency and government shareholding is also examined. Empirical results show that a public bank in Taiwan can improve its technical efficiency by mixed ownership at a diminishing rate. Moreover, banks in Taiwan on average performed worse after the 1997 Asian financial crisis.     

THE IMPACT OF ANTI‐TERRORISM EXPENDITURE ON ECONOMIC GROWTH AND WELFARE

This paper examines the effects of increasing anti‐terrorism expenditure on economic growth rate and social welfare. It is shown that: (i) spending the least amount possible on anti‐terrorism expenditure will lead to a maximum economic growth rate; and (ii) to achieve maximum social welfare, the government should allocate its budget to anti‐terrorism expenditure. The results shed light on why the US government has chosen to uphold and pursue its anti‐terrorism policies in recent years to present day.     

关于国际石油工程风险管理中存在的不足及对策的分析研究

最近二十年,中国石油企业已逐步走入世界.而国际石油工程因为结构功能复杂且规模较大,又有着与中国不同的政治因素,还有其存在的自然灾害,施工风险,市场风险等因素,导致国际石油工程存在很大的风险.所以我们应当充分认识工程中的风险,并及时的针对这些风险探讨解决的对策.     

混凝土裂缝缺陷分析及措施

混凝土是当代最主要的土木工程材料之一。它是由胶凝材料,集料、骨料和水按一定比例配制,经搅拌振捣成型,在一定条件下养护而成的人造石材。在实际施工过程中,经常会发现混凝土结构在成型后,出现各种裂缝。现将施工中混凝土裂缝的成因和处理措施分析如下。     

规范大学物理实验教学环节的思考与实践

本文从大学物理实验预习、实验操作、实验结果检查、实验报告撰写等方面,介绍了我校在规范大学物理实验教学环节方面的一些思考与实践。     

广西新型工业化道路的新思考

＂十二五＂发展时期,在科学发展观成为新的指导思想、转变发展方式成为贯穿经济发展全过程始终的新要求的背景下,广西新型工业化道路将面临着新矛盾,需要完成新任务。文章认为,广西应采取统筹兼顾的方法,三产并进、改革创新、全面合作和适度超前的战略,通过制度创新推进＂洼地＂建设,建立原始积累机制、科技创新机制、人才积聚机制、全面合作机制和分类考核机制等,促进广西新型工业化道路的发展。     

技工学校钳工技能实训教学改革之我见

钳工是机械制造中不可缺少的工种。如何深化钳工技能实训课程的改革是摆在高级技工学校面前的一个很重要的课题。我从改革教学内容与教学方法;改善实训硬件设施;适当增加有效实训时间;严格实施钳工技术等级考核等四方面提出自己的看法和改进措施。     

小议分部积分法分类教学法

主要讨论了当被积函数为幂函数与三角函数的乘积、被积函数是幂函数与反三角函数乘积、被积函数是幂函数与对数函数、被积函数是幂函数与指数函数乘积、被积函数是指数函数与三角函数乘积时四种情况下,如何具体的应用分部积分法,使学生更好的接受分部积分法的思想。     

Deep habits and the dynamic effects of monetary policy shocks

We introduce deep habits into a sticky-price sticky-wage economy and examine the resulting models ability to account for the impact of monetary policy shocks. The deep habits mechanism gives rise to countercyclical markup movements even when prices are flexible and interacts with nominal rigidities in interesting ways. Key parameters are estimated using a limited information approach. The deep habits model can account very precisely for the persistent impact of monetary policy shocks on aggregate consumption and for both the price puzzle and inflation persistence. A key insight is that the deep habits mechanism and nominal rigidities are complementary: the deep habits model can account for the dynamic effects of monetary policy shock at low to moderate levels of nominal rigidities. The results are shown to be stable over time and not caused by monetary policy changes.