发展风险投资业是经济结构调整的最有效途径

经济结构调整有许多方法,发展风险投资是一种有效途径,在当前应着重发展风险投资,运用金融手段和金融工具为经济结构调整筹集大量的资金,即以必须大力发展市场经济,通过市场的调节作用,对经济结构进行战略性调整.     

“不似之似”管窥中国舞蹈的意境——兼从文学和美学的角度

舞蹈意境的特征 ,在于人体动作在舞台空间和时间当中创造出来的意象 ,这意象是具体的、真实的 ,却又是虚拟的、象征的 ,这和中国画的“不似之似”有共同特点。本文从舞蹈意境“不似之似”的审美特征入手 ,并结合文学与美学内容 ,对中国舞蹈意境的创造作一点粗陋探索。     

对高职计算机基础教学模式的改革探讨

在高职教育发展过程中,传统的教学模式和结构已不适应目前高职人才培养的需求。特别对于计算机这种实践性较强的课程,教学内容和知识结构的应用性、实践性、创新性以及知识更新已跟不上新技术的发展和变化。如何搞好计算机基础教学,培养学生的创新精神和实践能力,已成为目前高职院校进行计算机基础教学模式改革的重要内容。     

金融危机对广东农业经济的影响及对策

本文分析了目前全球金融危机对于广东省经济发展造成的影响,探讨了金融危机对广东农业经济发展可能带来的潜在危害,认为,金融危机的演化将会显著降低农民的经济收入、影响土地流转政策的有效实施、威胁广东农村及整个社会的政治稳定及和谐发展。因此,政府有关部门应实施财税支持政策,扶持中小企业发展;同时应加强中小企业生产的监管,防止恶意性破产;并积极鼓励返乡农民工自主创业;加大对返乡农民工的技能培训,从而有效化解金融危机的危害。     

Governing farmland conversion: Comparing China with the Netherlands and Germany

Farmland conversion has become an increasing concern in China and other parts of the world, including Europe and the USA. Be it for environmental or food security reasons, questions arise concerning how urbanization should be governed, i.e. what rules and regulations could enhance the efficiency and sustainability of land use. Taking a first step toward answering such questions, this paper describes different governance structures for farmland conversion in the Netherlands, Germany, and China. Secondly, it compares five identified differences between these countries in the realms of land property, land use planning, the role of the market, the role of government, and the performance of governance structures. The purpose of this paper is to develop an approach for comparing governance structures for land conversion that: (a) offers some opportunities for exchange of experience between the three countries and (b) provides a framework for further research on governance structures in farmland conversion.     

Household Consumption Distribution in Rural China: A Consistent Two‐Step Estimation

As China continues to experience rapid urbanization, understanding the distribution of rural household consumption presents important policy implications. We take a sample of 15,606 households from the National Rural Fixed Observation Point Survey conducted by China's Ministry of Agriculture in 2010. A consistent two‐step estimation based on the quadratic almost ideal demand system model is used to assess the distribution of living expenses across eight categories of goods and services. Results show that the price elasticity of food, clothing, and transportation and communication is relatively low, whereas that of durable goods, fuel, health and medicine, culture and education, and others is high. Demographic and regional variables also considerably affect living expenses. Our conclusions can serve as significant reference for evaluating changes in consumption structure and farmers’ welfare during the course of modernization in China. This type of analysis may also be conducted in other developing countries in general. En raison de la forte accélération de l'urbanisation en Chine, une meilleure compréhension de la distribution des dépenses de consommation des ménages ruraux permettra d’élaborer de meilleures politiques. Dans la présente étude, nous avons constitué un échantillon de 15 606 ménages à partir de l'enquête National rural Fixed Observation Point réalisée par le ministère de l'Agriculture de la Chine en 2010. Nous avons appliqué une méthode d'estimation en deux étapes, fondée sur le modèle QUAIDS (système de demande presque parfait quadratique), pour évaluer la distribution des frais de subsistance dans huit catégories de biens et services. Les résultats de notre étude ont montré que l’élasticité‐prix des aliments, de l'habillement, du transport et des communications est relativement faible, tandis que celle des biens durables, du carburant, des soins de santé et des médicaments, de la culture et de l’éducation, entre autres, est élevée. Les variables démographiques et régionales ont également un impact considérable sur le niveau des dépenses. Les conclusions de notre étude peuvent servir de référence pour évaluer les changements qui touchent la structure de la consommation et le bien‐être des agriculteurs durant la modernisation de la Chine. Ce genre d'analyse peut également être appliqué à d'autres pays en développement.     

Information control in the hold‐up problem

We study the use of information control to mitigate hold‐up risks. We identify a distinction between asymmetric information that creates an ex ante investment incentive and asymmetric information that causes ex post inefficiency, which then allows ex post inefficiency to be eliminated without compromising the ex ante investment incentive. We characterize the properties of the optimal information structure and the payoffs and welfare achievable with information control in the presence of hold‐up risks.     

润滑油企业产品标准编写过程中若干问题的探讨

产品标准是表述产品质量的基本技术文件,是企业标准体系的核心。针对企业产品标准审查工作,结合标准编写的规范要求,对润滑油企业产品标准编写过程中常见的问题进行了探讨。     

Downside Risk Management of a Defined Benefit Plan Considering Longevity Basis Risk

To control downside risk of a defined benefit pension plan arising from unexpected mortality improvements and severe market turbulence, this article proposes an optimization model by imposing two conditional value at risk constraints to control tail risks of pension funding status and total pension costs. With this setup, we further examine two longevity risk hedging strategies subject to basis risk. While the existing literature suggests that the excess-risk hedging strategy is more attractive than the ground-up hedging strategy as the latter is more capital intensive and expensive, our numerical examples show that the excess-risk hedging strategy is much more vulnerable to longevity basis risk, which limits its applications for pension longevity risk management. Hence, our findings provide important insight on the effect of basis risk on longevity hedging strategies.     

China’s Antitrust Policy: Recent Developments and Decision Patterns

Abstract:

In this paper, we review recent antitrust policy developments in China. First, we use a sample of all merger cases reviewed by the Ministry of Commerce (MOFCOM) from August 2008 to September 2012 to provide an econometric analysis of merger review patterns. We find that MOFCOM tends to impose restrictions on mergers involving large corporations and does not distinguish between horizontal mergers and vertical and conglomerate mergers. In addition, European firms and U.S. firms face higher chances of restrictions than do firms from other countries. Finally, we provide a qualitative analysis of the investigations against price agreements.