Product Patent Reform and its Impact on Korea's Pharmaceutical Industry

Our analysis focuses on the effect of U.S. government pressure on Korea to adopt product patents for chemical and pharmaceutical products. American pressure began in November 1985 and ended with the Korean Legislature's passage of a new patent law in December 1986. We conduct an event study of the effect of the new patent law on the value of Korean pharmaceutical firms listed on the Korea Stock Exchange. Regression analysis shows that the new law induced excess returns of-74 percent over the 14-month analysis period. The results suggest that adoption of stronger patent laws reduced Korea's wealth. [G14, O34]     

A Study of Mathematic Model to the Development of Regional Industry Cluster

This paper analyzes the factors that influence the development of regional industry cluster, which are location factors, accumulatable factors, and external factors. Then regarding the similarity between the development of industry cluster and biology community, a modified logistic model is built, and a field study is made between the real instances and the model.     

On the welfare costs of misspecified monetary policy objectives

This paper quantifies the effects on welfare of misspecified monetary policy objectives in a stylized DSGE model. We show that using inappropriate objectives generates relatively large welfare costs. When expressed in terms of ‘consumption equivalent’ units, these costs correspond to permanent decreases in steady-state consumption of up to two percent. The latter are generated by both the inappropriate choice of weights and the omission of variables. In particular, it is costly to assume an interest-rate smoothing incentive for central bankers when it is not socially optimal to do so. Finally, a parameter uncertainty decomposition indicates that uncertainty about the properties of markup shocks gives rise to the largest welfare costs.     

教学做一体化教学模式应用于“校中厂”实训课程的探索与实践

"教学做一体化"是将理论和实践有机地融为一体的教学模式。就教学做一体化教学模式应用于"校中厂"实训课程,从改革教学内容、教学方法、开放实训室等方面进行探讨。     

宁夏引黄灌区现代农业发展问题研究

宁夏引黄灌区现代农业的发展,是我国西北地区农业现代化的重要组成部分。文章通过对宁夏引黄灌区农业发展现状的研究,总结出灌区内现代农业发展的示范性模式,并针对灌区农业现代化过程中出现的部分问题进行对策探讨,以期为西北地区现代农业的发展提供理论参考。     

融资约束条件下我国中小板上市公司投资效率测度

文章以我国中小企业板上市公司为研究对象,从企业经理人追求利润最大化行为出发构建中小企业的投资支出模型。不同于已有文献仅从投资-现金流敏感性角度入手的实证研究,文章的研究方法无需对样本公司进行分组,而且可以定量测度融资约束条件下的公司投资效率问题。实证结果表明：由于融资约束的存在,使得我国中小板上市公司实际投资支出最优水平低;现金流的增加不仅可以缓解融资约束压力,还能够降低融资不确定性,债务融资比例越高,融资约束越大,进一步加剧了未来融资时的不确定性;我国中小板上市公司融资约束程度与企业规模呈负相关关系,且投资效率随时间呈现下降趋势,意味着近年来我国出台的一系列旨在改善中小企业融资难的政策措施,在实践中并没有起到有效缓解融资约束的作用。     

国外责任制研究综述:从单层次到多层次的研究视角

回顾了单层次(即微观及宏观层次)的责任制研究,梳理了现有的多层次责任制研究,重点探讨了国外学者提出的多层次责任制研究模型。最后指出现有研究存在的不足,并展望了未来的研究方向。     

The impact of supplier development on buyer competitive advantage: A path analytic model

As manufacturing firms increasingly realize that supplier performance is crucial to their establishing and maintaining competitive advantage, supplier development has been a subject of considerable research in supply chain management. We develop and test a path model to explore how supplier development practices affect buyer-supplier performance from the buying firm's perspective in the context of Hong Kong's electronics industry. The results show that top management, supplier evaluation, and supplier strategic objectives are significant determinants of transaction-specific supplier development, and that buyers that have closer collaborative relationships with suppliers may strengthen their competitive advantage.     

环境规制、空间溢出与经济高质量发展——基于中国省级面板空间杜宾模型的经验研究

基于2008—2017年省级面板数据,在测度经济发展质量的基础上,考察空间相关性,构建空间计量模型,并探析环境规制对经济发展质量的空间外溢效应,结论如下:中国各省份经济发展质量总体不高,时序变化整体呈现小幅震荡态势,区域异质性显著;经济发展质量和环境规制空间自相关特征显著,存在空间集聚效应,表现出“高—高”集聚和“低—低”集聚的“以邻为壑”并“以邻为伴”的现象;环境规制显著促进经济发展质量的提升,政府过多干预并未有效引导经济高质量发展,人口密度增加、人口素质提高均有利于提升经济发展质量,人均水资源总量和绿地覆盖率对经济发展质量的直接效应为正,影响不显著。