关于增加湖北省中等收入者比重的调查与分析(下)

我国中等收入阶层的形成和壮大，是同无数中等收入的形成和壮大联系在一起的，也与我国经济社会体制的不断跃迁、不断完善密切相关，特别是中等收入的特质及其影响力，是与我国经济社会体制改革的效率和整个社会的福利水平呈现一种正相关关系的。扩大中等收入比重，提高低收入收入水平，这是在新的历史条件下对我国传统收入分配制度的一个新的注解。     

对《形状和位置公差》新标准的理解和应用

通过对《形状和位置公差》新、旧国际的对比，综述了新、旧标准间的不同之处、便于迅速了解和应用新标准。     

上海服务业发展水平的国内与国际比较

本文首先比较了上海与国内18个副省级及以上城市服务业总体发展情况，将上海服务业各行业增加值及服务业内部构成与北京、天津、重庆、广州和深圳5个国内经济发展水平较高的城市进行了比较，采用“区位熵”的方法衡量了上海服务业各行业的比较优势。其次，将上海服务业发展水平与若干国际大都市进行比较，得出上海服务业仍处于较低的发展水平，尚未进入以知识型、生产型等高级服务业为主导的发展时期，大力发展现代服务业是上海当前的现实选择的结论。     

人力资源资产评估的几个基本要素

常言道:“十年树木,百年树人”。无论是成材还是成才,都有相似之处,那就是先要有投入然后才有产出。其投入包括资金投入,人力投入,时间投入、精力投入等,产出都具有多样性和多效性。不管是森林资源还是人力资源,二者都是综合资源,都很难确切地定量计算其实际价值。但将资源赋予     

我国医药物流业面临的机遇、挑战、现状与对策

中国已加入WTO，在新形势下如何改善医药流通，提高医药企业的竞争力？中就此分析了我国医药物流业面临的机遇、挑战和发展现状，并提出了一些对策和建议。     

Are Expected Inflation Rates and Expected Real Rates Negatively Correlated? A Long‐Run Test of the Mundell‐Tobin Hypothesis

Some empirical evidence suggests that the expected real interest and expected inflation rates are negatively correlated. This hypothesis of negative correlation is sometimes known as the Mundell‐Tobin hypothesis. In this article we reinvestigate this negative relation from a long‐term point of view using cointegration analysis. The data on the historical interest rate on T‐bills and the inflation rate indicate that the Mundell‐Tobin hypothesis does not hold in the long run for the United States, the United Kingdom, and Canada. We also obtain similar results using the real interest rate on index‐linked gilt traded in the United Kingdom.     

Commodity currencies

This paper looks at real exchange rate behavior by focusing on three OECD economies (Australia, Canada, and New Zealand) where primary commodities constitute a significant share of their exports. For Australia and New Zealand especially, we find that the US dollar price of their commodity exports (generally exogenous to these small economies) has a strong and stable influence on their floating real rates, with the magnitude of the effects consistent with predictions of standard theoretical models. However, after controlling for commodity price shocks, there is still a purchasing power parity puzzle in the residual. The results here are relevant to developing commodity-exporting countries as they liberalize their capital markets and move towards floating exchange rates.     

Modernization in Mainland China:

A bstract . After 1949, mainland China, a developing socialist country, adopted an inward-looking policy with emphasis on self-reliance and economic independence. However, in their drive for economic reform that began in 1978, mainland China drifted to the new doctrine of "taking self-reliance as the principal means and external assistance as a subsidiary." A version of the two-gap model is constructed to test the hypothesis that both domestic capital accumulation and foreign capital inflows affect economic development in mainland China , the latter being an indicator of modernization. Due to insufficient data, pooled cross-section and time-series data for the period 1984–1986 are employed. The quantitative evidence suggests that foreign capital inflows, instead of domestic capital accumulation, have importantly affected the modernization drive of mainland China. The recent political turmoil in mainland China has slowed down foreign capital inflows which in turn may retard its modernization.     

联合基数确定法: 一个激励相容的财务学范本

委托代理制是企业机制设计理论的重要内容，科学界定委托人代理人之间的权利关系，合理分享剩余权，是形成激励相容机制的重要环节，本文介绍的利润基数联合确定法是杭州商学院院长胡祖光教授的国家自然科学基金课题成果，它为解决委托人与代理人之间的信息不对称，激励代理人的自动努力，提供了值得借鉴的财务解决方法，同时，该方案宽泛的约束条件（见两则案例），为不同所有制企业提供了具有弹性的激励方案。     

From T-Bills to Stocks: Seasonal Anomalies Revisited

This paper employed eleven data series which consist of stocks, bonds, bills, equity premiums, term premiums, and various default premiums to investigate whether January seasonality reported in existing literature is robust across different states of the economy as this has important trading implications. For the periods 1926–1990, small stocks, small stock premiums, low grade bonds, and default premiums (spread between high grade, low grade and government bonds) reveal January seasonality and that the seasonality is robust across different states of the economy except for low grade bond returns and default premiums. January seasonality for low grade bond returns and low grade bond default premiums are primarily driven by results found during periods of economic expansion. Overall, January seasonality is more evident during the economic expansion periods although the magnitude of default premiums is larger during periods of economic contraction. Furthermore, prior findings of strong summer equity returns are primarily driven by the results found during the periods of economic contraction. It is also found that equity returns are generally higher during periods of economic expansion.