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我国经济金融运行状况和相关政策解析

本文对我国经济金融运行现状进行了分析,阐述了货币政策适时适度调整,成功进行了宏观调控,促进了经济平稳较快发展。未来一段时期,我国金融业面临难得机遇和严峻挑战,需要注意把握政策的稳定性、针对性和灵活性,维护金融稳定,促进经济结构调整和发展方式转变。     

1999年度我院自然科学基金项目中标率高的几点思考

国家自然科学基金申报是科学性与艺术性高度结合的创造性劳动。高中标率背后离不开高效务实的科技管理。思想重视、措施得力、主攻目标明确，迎来了我院 1999年基金项目申报的大丰收。     

The Wage Elasticity of Labour Supply: A Synthesis of Empirical Estimates

Summary This paper performs a meta-analysis of empirical estimates of uncompensated labour supply elasticities. For the Netherlands, we find that an elasticity of 0.5 for women and 0.1 for men is a good reflection of what the literature reveals. The elasticity for men hardly differs between countries, but for women some cross-country variation is found. The increasing participation rate of women may lead to a somewhat lower elasticity in the future. Both the specification of the hours function and the estimation method are found to affect elasticity estimates.      

中国金融市场与房地产投资的协整和Granger检验

本文通过对中国1985～2005年金融资产和房地产投资的年度数据进行协整和Granger因果关系检验,发现以金融资产为指标的金融市场和房地产投资之间存在长期和短期的均衡关系及单向因果关系,即金融资产的增加极大地促进了房地产投资总额的增加。     

Macroeconomic Consequences of Outsourcing: An Analysis of Growth, Welfare, and Product Variety

Outsourcing of non-core activities is nowadays a common business strategy. Declining transaction and transportation costs caused by the advent of Information and Communication Technology are a potentially important driving force behind this development. This paper provides a theoretical framework for analysing a firm's incentive to follow such a strategy of outsourcing and its consequences for macroeconomic variables like growth and product variety. We divide production activities into core and non-core activities. Non-core activities can be performed within the firm or can be mediated by the market. We derive conditions under which outsourcing occurs, and under which outsourcing is socially desirable. These conditions do not necessarily coincide. Outsourcing may hence be a profitable strategy for firms, while it is socially suboptimal. Crucial parameters in the model are the relative scale of core versus non-core activities, management costs, transaction costs and love for variety of consumers.     

The political economy of financial reform: How robust are huang's findings?

Using new data on financial liberalization taken from Abiad et al. (2008, IMF Working Papers, No. 08/266) for 62 countries over the period 1975–2005, we show that some of the main findings of Huang's (2009, Journal of Applied Econometrics 24 : 1207–1213) replication study on the drivers of financial liberalization are not robust. Major changes concern the effect of democracy on financial reform and the supposed relationship between the desired level of financial liberalization and a country's per capita income. Copyright © 2012 John Wiley & Sons, Ltd.     

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我国经济金融运行状况和相关政策解析

本文对我国经济金融运行现状进行了分析,阐述了货币政策适时适度调整,成功进行了宏观调控,促进了经济平稳较快发展。未来一段时期,我国金融业面临难得机遇和严峻挑战,需要注意把握政策的稳定性、针对性和灵活性,维护金融稳定,促进经济结构调整和发展方式转变。     

The Italian Banking Structure in the 1990s: Testing the Multimarket Contact Hypothesis

The multimarket contact hypothesis holds that more contacts between firms competing in the same markets may induce more collusion. This paper tests the hypothesis for the Italian banking market, analysing the behaviour of the largest Italian banks from 1990 to 1996. Market rivalry is gauged by changes in loan market shares and interest rates in each Italian province. We estimate the effects of increasing multimarket contacts, concentration indicators, banks' costs and loan demand on variations in market shares and interest rates. No support is found for the multimarket contact hypothesis. Geographical overlap in banking is positively correlated with changes in market shares, confirming the thesis of an overall increase in competition within the Italian banking system. Greater multimarket links also seem to correspond to lower lending rates.
(J.E.L.:G21, C33, L40.)