中国的对外贸易盈余失控了吗——来自中国1995年1月到2007年10月月度贸易数据的证据

本文以中国1995年1月~2007年10月月度进出口贸易数据为样本,依据理论模型的推导,采用较简洁的Engle&Granger协整关系方法论,对全样本和以2001年12月为界的两个子样本:1995年1月~2001年11月与2001年12月~2007年10月分别进行了协整检验,且对两个子样本在协整回归的基础上建立了误差修正模型(ECM)。我们得出如下结论:无论对于全样本还是两个子样本,我们发现中国月度出口和进口之间的协整关系都是存在的。中国的贸易盈余并没有失控,经常账户的跨期预算约束并没有被违反。     

基于RFID技术的末端产品信息管理研究

对末端产品的处理一直是学术界关注的问题，文章将RFID技术引入末端产品的物流信息管理，跟踪产品的整个生命周期，记录产品维修、报废、更换等信息，这些信息将减少末端产品的检测环节并有助于末端产品处理方法决策的制定，从而提高末端产品物流的效率。     

青岛的中国小提琴之最

中国第一把小提琴诞生在青岛 1935年青岛市立中学(现青岛一中)音乐教师王玫,经过两年的精心研究,用了四个月的时间,完全选用中国木料,制作出了中国第一把小提琴.     

以质量为本振兴企业

以质量为根本，全面提高企业管理水平，最终达到提高经济效益的目的。     

OSCILLATION AMPLITUDE OF THE FREE END OF A FLEXIBLY MOUNTED RIGID CYLINDER IN TRIANGLE ARRANGEMENT

In this paper,the oscillation amplitude of the free end of a group of threecylinders are studied.The three cylinders are erected at the vertices of an equilateral trian-gle,and three arrangements are made in this study.One of the three cylinders is served asa working cylinder which is mounted by a flexible cantilever and two accelerometers areattached on the free end in two directions.The results of the three-cylinder arrangementare compared with those of two cylinders in tandem/side-by-side arrangement in the samecondition.The experimental results show that the rear cylinder of a group of three cylin-ders is affected more seriously than that of the corresponding two cylinders in the contrastarrangement.The main direction of oscillation is changed.The transversal oscillation isstronger than the longitudinal oscillation in the three-cylinder arrangement.On the con-trary,the transversal oscillation is much weaker than the longitudinal oscillation in two-cylinder arrangement.The largest transversal oscillat     

Lake-Level Change and Water Balance Analysis at Lake Qinghai,West China during Recent Decades

Lake Qinghai, the largest saline lake with an area of 4,260 km² (2000) and average depth of 21 m (1985) in West China, has experienced severe decline in water level in recent decades. This study aimed to investigate water balance of the lake and identify the causes for the decline in lake level. There was a 3.35-m decline in water level with an average decreasing rate of 8.0 cm year⁻¹ between 1959 and 2000. The lake water balance showed that mean annual precipitation between 1959 and 2000 over the lake was 357 ± 10 mm, evaporation was 924 ± 10 mm, surface runoff water inflow was 348 ± 21 mm, groundwater inflow was 138 mm ± 9 and the change in lake level was −80 ± 31 mm. The variation of lake level was highly positively correlated to surface runoff and precipitation and negatively to evaporation, the correlation coefficients were 0.89, 0.81 and −0.66, respectively. Water consumption by human activities accounts for 1% of the evaporation loss of the lake, implying that water consumption by human activities has little effect on lake level decline. Most dramatic decline in lake level occurred in the warm and dry years, and moderate decline in the cold and dry years, and relatively slight decline in the warm and wet years, therefore, the trend of cold/warm and dry climate in recent decades may be the main reasons for the decline in lake level.     

论跨国公司的转移价格

跨国公司在我国使用转移价格主要基于非税务动因,其转移价格策略对我国企业、产业以及财政收入等方面都产生了不良影响。针对这些问题,我国需要在积极引进外资的同时,不断完善相关法律规定,加强国际税收合作,强化对引资活动的监管,提高外资质量。     

Information Flows across Markets: Evidence from China–Backed Stocks Dual–Listed in Hong Kong and New York

Using a bivariate generalized autoregressive conditional heteroskedasticity (GARCH) model, we examine patterns of information flows for China–backed stocks that are cross–listed on exchanges in Hong Kong and New York. Results analyzing the dual–listed stocks indicate significant mutual feedback of information between domestic (Hong Kong) and offshore (New York) markets in terms of pricing and volatility. Stocks listed on the domestic market appear to play a more significant role of information transmission in the pricing process, whereas stocks listed on the offshore market play a bigger role in volatility spillover.     

中国开放式基金 任重而道远

<正> 开放式基金在2001年以前,对大多数投资者而言都是一个十分陌生的名词。随着2001年9月华安基金管理公司发行了第一只华安创新证券投资基金以来,国内现已经陆续发行了十几只开放式基金,开放式基金成为了我国证券市场一道靓丽的风景。在证券市场低迷的时候,给广大的投资者带来了一种全新的投资理念,同时也大大丰富了我国投资者的资产选择品种。开放式基金作为一种新的投资品种,同时作为市场上新的机构投资主体,它的出现对中国证券市场必然会有积