China Pavilion Embraces Cooperative Partners for the 2012 Yeosu Expo

So far, two companies have become the global partners of the China Pavilion for the 2012 Expo Yeosu Korea and more domestic companies are encouraged to participate in the Expo.Enterprises may enhance their strength via the Expo, a platform to exhibit technologies and culture, Zhao Zhenge, Deputy Secretary-General of the Organizing Committee of China Pavilion for the Yeosu Expo and the Chinese government representative for the Yeosu Expo, said at the press conference.     

China＇s Retail Industry Expands Continuously

China＇s retail industry is expected to surge continu- ously in the future, fuelled by the strong growth of Chinas consumption expenditure and the rapid emergence of the middle-class, said a recent repo...     

Not all trade restrictions are created equally

There has been great focus in the recent trade theory literature on the introduction of firm heterogeneity into trade models. This introduction has highlighted the importance of the entry/exit decision of firms in response to changes in trade barriers. However, it is typical in many of these models to use iceberg transport costs as a general form of trade barriers that can be interchangeable with ad valorem tariffs. I show that this is not always an appropriate conclusion. Specifically, I illustrate that profit for an exporter is more elastic in response to tariffs than iceberg transport costs, which affects the entry/exit decision of firms. This has implications for welfare analysis and empirical specifications.     

Should multivariate early warning systems for banking crises pool across regions?

Most extant work on prediction of banking crises has utilised global samples, which are in turn dominated by observations from middle-income countries, and rely on a single estimator. However, economic and financial structures as well as the pattern of shocks may differ substantially across regions, while a range of specifications is desirable to check robustness. Accordingly, in this paper we test the implicit pooling assumption in earlier multivariate work on Early Warning Systems using both logit and binary recursive tree specifications separately for crises in Asia and Latin America, as well as the pooled sample. Results suggest markedly different crisis determinants across regions, implying global samples are inappropriate.     

企业研发使用低碳技术的政府作用研究

引导和保障低碳经济发展已上升为一种政府行为.政府必须在其中发挥先导性的作用,进行全面的低碳规划设计,通过政府干预使企业的低碳生产成为其追求利润最大化的最优选择.只有从这一层面入手,才能做到事半功倍,从源头上和执行效力上降低能耗、减少污染和温室气体排放.