我国大学科技园发展现状与对策建议

随着知识经济的飞速发展,大学科技园受到越来越多的关注,成为许多国家新的经济增长点,然而在我国由于大学所有制和市场竞争体制的影响,大学科技园在实际建设中遇到许多新问题。本文通过对国内外大学科技园运营状况进行对比,指出了我国在发展大学科技园过程中所遇到的问题和产生的原因,并提出了相应的解决建议。     

中国外资财险企业市场竞争力问题研究

为衡量入世后在中国的外资财险企业的竞争力情况,本文借鉴经典产业组织理论的SCP范式和数据包络分析方法,运用2004-2011年的相关数据,以中国财险业市场结构和生产效率的变化情况为基础,总结其他学者参数设计的利弊,经实证研究发现当前中国财险业市场结构正由寡头垄断型向垄断竞争型优化；财险业尽管实现了全要素生产率连年净增长,但该指标的变化趋势是向下的,而外资公司整体上无论是追赶效应还是前沿面移动效应都优于中资公司,中资仅剩下规模上先占的相对优势.     

Foreign ownership mode,executive compensation structure,and corporate governance: Has the literature missed an important link? Evidence from Taiwanese firms

We propose an alternate context-based extension to the agency theory-grounded explanation of foreign ownership mode choices proposed in the literature. Using a sample of Taiwanese firms investing in the greater China region over the 2001–2009 period, we show that both economic and non-economic factors influence the choice of foreign ownership mode. In addition, we document that higher institutional ownership percentages motivate Taiwanese firms to select shared ownership in the greater China region. Further, no long term compensation mix/ownership structure link is found. These findings run counter to a theory provided for foreign ownership mode choices of US based firms. Our findings provide support for the validity of stewardship and social capital theory, but not financial incentives-based agency theory, for Taiwanese firms investing in the greater China region.     

金融危机与中国经济增长—基于省级面板数据实证分析

本文选取2008～2010年东、中、西部省市级18座代表城市的季度数据并运用面板数据模型,考察了金融危机对中国经济的影响。研究表明,出口额、实际利用外资、社会总消费水平对中国经济增长的相关关系为正数,但是出口额与实际利用外资对经济增长的贡献远不及社会总消费水平对中国经济增长贡献。因此得出,金融危机爆发后,中国经济主要依靠政府政策性调控,然而以政府为主导的经济增长方式并不利于经济的长期稳定发展。     

Location factors of FDI and the growing services economy1

Foreign direct investment (FDI) has increasingly shifted toward the service sector. This change in the industrial composition of FDI and the non‐tradable nature of services may have altered the importance of location factors for investment decisions. To capture potential changes in FDI determinants, a contrasting sectoral analysis is performed. Based on FDI stock data from eight new EU member states for the period 1998–2004, we implement a dynamic panel approach allowing the speed of adjustment to the equilibrium investment level to vary across sectors. Results support our assumption that investment into the service sector, which is characterized by low installation costs, adjusts much faster to its desired level than manufacturing FDI. Thus, government interventions to attract FDI are likely to boost the service sector immediately while having a slower impact on manufacturing FDI. Furthermore, as services are mostly non‐tradable, FDI into this sector is largely based on market‐seeking motives while FDI in the manufacturing sector is also driven by international price competitiveness measured by real unit labour costs.     

R&D,trade in intermediate inputs,and the comparative advantage of advanced countries

This paper examines the accumulation of physical capital versus knowledge (R&D) capital as a determinant of advanced countries’ comparative advantage. I show that advanced countries are abundant in R&D resources, specialize in knowledge-intensive stages of high-technology industries, and outsource labor-intensive stages of the industries to labor-abundant countries. In contrast, global data on production and trade cannot support the conventional view that advanced countries specialize in and export capital-intensive goods. My results indicate that the accumulation of knowledge capital plays a vital role in explaining advanced countries’ comparative advantage.     

Expropriation risk and technology

This paper develops a unified framework to analyze the dynamics of firm investment in countries with poor legal enforcement. The firm's technology edge over the government generates endogenous property rights. Industry variation in the technology gap predicts a sectoral pecking-order of expropriations. Long-run investment distortions may be Pareto superior relative to persistent investment at the static optimum. The dynamics of investment and transfers depend on whether incentives (backloading) or efficiency (frontloading) concerns dominate at the initial division of surplus. An increase in government efficiency may reduce its welfare. The model provides a technology-driven rationale for the widespread use of conglomerate structures in emerging market countries.     

论中国对外直接投资产业战略选择

本文通过对中国对外直接投资产业选择的现状分析,结合我国社会经济发展的需要及我国产业国际竞争力的现实条件,提出今后我国企业在对外直接投资中的产业战略。     

外军继续教育的主要做法及对我军的启示

外军普遍重视继续教育工作,建立专门的技术教育机构并制定了相应的法规,广泛应用虚拟技术等。这些做法为我军继续教育提供了有益的启示和借鉴:更新观念、提高认识是继续教育的必由选择;建立健全各种继续教育机构是做好继续教育的重要保证;深化教学改革是继续教育生存和发展的基础;落实晋升制度是解决学习动力不足的重要手段。     

Investigation of the “China effect” on crowding out of Japanese FDI: An industry-level analysis (1990–2004)

This paper applies a dynamic panel model to investigate whether China is crowding out Japanese foreign direct investment (FDI) from other economies of Asia. We examined this with industry-level data on Japanese FDI flows into Asian economies. In order to deal with possible problems of serial correlation and endogeneity, we estimated coefficients using a difference and system generalized method of moments to examine the “China effect” on industries. We found a significantly high degree of crowding out effect by China on its Asian counterparts. Among twelve industries, a crowding out effect was found in nine industries, including electrical &; electronics—the biggest industry for Japanese FDI. However, a complementary effect was found in two industries, one of them being transport, which is the second biggest industry for Japanese FDI. We conclude that while China's rise is a prominent threat for the region, it could be transformed into an opportunity in vertically fragmented industries.