Total Factor Productivity Growth in U.S. Commercial Banking for 1935–1991: A Latent Variable Approach Using the Kalman Filter

This paper studies total factor productivity (TFP) in U.S. commercial banking for 1935–1991. TFP can contain a procyclical bias when some input factors are not freely variable, causing their shadow and market prices to differ. We correct this bias in TFP by decomposing it into its latent stochastic trend and cyclical components by employing the Kalman filter. Using the FDIC's annual aggregate data on U.S. insured commercial banks, we report that the stochastic trend has been positive during 1935–1991, with an average annual growth rate of 2.27%, and that it exhibits a decaying time path. We attribute the positive TFP growth to technical change.     

Assessing holiday satisfaction of Australian travellers in Vietnam: An application of the HOLSAT model

The hotel business model has been diversified in response to the various needs of consumers. Many previous studies focused on the alteration factors of the hotel business model from the consumer's point of view. Although it is one of the factors that affect alteration of the hotel business model, the manager's perspective is also an important alteration factor. This article emphasizes that it is necessary to consider not only the consumer side, but also the management side based on two approaches of the strategy theory: the positioning approach and the resource-based approach.

Surveys were conducted by mail in order to gather information regarding what managers in Japan consider to be important components of a hotel. As a result, “location” was found to be the most important component, followed by “annex facilities” and “deployment system”. Once the components were ordered according to their relative importance, a strong relationship was found between the managers' preferences and the characteristics of “syukuhakusyutai-type” hotels, which are ‘direct management’ (DM) hotels located usually in the city. In Japan, the number of “syukuhakusyutai-type” hotels has recently increased, therefore capturing the spotlight in the hotel industry. However, the results of this research are not compared with those of much previous research conducted on hotel choice attributes, because the measured variables differed significantly.     

Does Brain Drain Lead to Institutional Gain?

A country's endowment of human capital affects its institutions through various channels. This raises the possibility that skilled emigration can leave its mark on a country's institutional development. We explore the impact of emigrant human capital on home country's institutional quality. Using geographical and genetic distance‐based instrumental variables for emigration and a dynamic panel estimation method, we find that human capital emigration helps the home country's political institutions, but hurts economic institutions. The conventional ‘brain drain’ argument, therefore, needs to incorporate the institutional changes due to skilled labour emigration.     

团队异质性对团队效能的影响研究——以领导行为作为调节变量

团队成员异质性对团队效能的影响这一问题受到了许多学者的关注。本文以I-P-O模型为基础,以问卷调查的方法实证研究了团队异质性通过团队过程对团队效能产生影响的作用机制,同时引入了领导行为作为调节这种影响的变量。本文认为,团队成员异质性通过作用于团队过程而对团队效能产生了显著的负面影响,而关系型的领导行为则会有效地调节成员异质性对团队效能的负面作用。     

抗拔锚杆桩技术解决地下室抗浮

介绍地下室结构抗浮问题解决方法:采用抗拔锚杆桩施工技术的成功施工经验。     

浅谈沥青路面的快速养护与养护机械使用

随着高速公路建设的快速发展,高速公路养护施工日益重要并出现许多新特点。本文结合实际对高速公路沥青路面养护及其养护机械应用作以简要探讨。     

互感电路的结点电压分析法研究

含耦合电感电路中,耦合电感支路的电压不仅与本支路电流有关,还与其他某些支路电流有关,直接列结点电压方程时会遇到困难。本文采用星形与三角形等效变换,可直接列出电路的结点电压方程,并通过对一个电路的具体分析进行了验证。     

浅谈独立学院大学英语听力教学

英语听力是英语综合能力的一个重要方面,也是英语教学的重要环节之一。本文就独立学院中大学英语的教学现状和学生的学习现状,分析出其存在的问题并提出相关的教学应用策略。