产业融合产生过程的模型研究

根据自组织理论,产业融合产生的过程以融合型产品出现为标志,分为从无到有、从出现到实现两个阶段。文章结合单个产业发展模型,构建了产业融合产生过程的数学模型,并在此基础上运用数值模拟统计软件对产业融合产生过程的模型进行了验证。文章认为,产业融合模型的合理性及融合型产品的替代效应在产业融合的实现过程中起着关键作用。     

中国发展模式的背景与影响:重庆例证

中国发展模式是指立足中国的特殊国情,以建设一个富强、民主、文明、和谐的社会主义现代化国家为目标,并在实践中逐步形成的一种有自己特色的发展模式。重庆实践科学发展模式是我国中西部地区科学发展模式的代表。科学定位、用好政策、发展载体、激发活力、创新体制机制等是其基本内涵。同时,这一发展模式也将随着重庆经济社会的发展而不断赋予新的内涵。基于重庆实际,推进重庆实践科学发展模式的研究和运用,应该在理念上强化、内容上完善、操作上拓展。     

组织人力资源管理部门设置实证研究——基于北京市的非随机抽样调查

组织人力资源管理部门的重要性虽然日益得到认可,但是否独立设置人力资源管理部门却缺乏实证性研究。通过对调查问卷的分析,发现近80%的组织独立设置了人力资源管理部门。再通过进一步的计量分析,发现一个组织是否独立设置人力资源管理部门与其人员规模和从事人力资源管理工作人数具有顺序效应,并进而构建了人力资源管理部门设置的二值Logistic回归模型     

高职学生顶岗实习期间党建模式探索

高职院校学生顶岗实习期间,学生的党建工作一直以来存在着很大难度.建立一套切实可行的学生顶岗实习期间党建管理模式,是新形势下高职院校党建工作中急需认真研究并解决的问题.可在分析学生党员自身、学校管理以及顶岗实习环境等因素的基础上,探索新的党建模式,并建立可行的管理方案.     

The Interaction of the IFRS 9 Expected Loss Approach with Supervisory Rules and Implications for Financial Stability

This paper examines the interaction of the International Financial Reporting Standard (IFRS) 9 expected credit loss (ECL) model with supervisory rules and discusses potential implications for financial stability in the European Union. Compared to the incurred loss approach of IAS 39, the IFRS 9 ECL model incorporates earlier and larger impairment allowances and is more closely aligned with regulatory expected loss. The earlier recognition of credit losses will reduce the build-up of loss overhangs and the overstatement of regulatory capital. In addition, extended disclosure requirements are likely to contribute to more effective market discipline. Through these channels IFRS 9 might enhance financial stability. However, due to the reliance on point-in-time estimates of the main input parameters (probability of default and loss given default) IFRS 9 ECLs will increase the volatility of regulatory capital for some banks. Furthermore, the ECL model provides significant room for managerial discretion. Bank supervisors might play an important role in the implementation of IFRS 9, but too much supervisory intervention bears the risk of introducing a prudential bias into loan loss accounting that compromises the integrity of financial reporting. Overall, the potential benefits of the standard will crucially depend on its proper and consistent application across jurisdictions.     

The role of corrosive internalisation and denial of responsibility in stabilising inequality in South Africa

ABSTRACT

This paper examines how capabilities inequality is stabilised through its consequences on those at both ends of the distribution. It outlines the development of the balance model, which is argued to help highlight these consequences. Specifically, how adverse environments associated with lack of access to resources and poor treatment can lead to internal consequences which further corrode capabilities. At the same time, denial of this corrosion or its importance is critical for those who benefit from the inequality. To avoid moral constraints being triggered it is important, necessary even, for them to see those who suffer as outside of their moral universe, or their suffering to be in no way associated with their advantage. Corrosion and denial work to stabilise the system. For those in the middle of the distribution, they may work to do so in combination. Appreciating these internalised consequences is key to addressing inequality in South Africa.     

Marx,Sraffa, and Surplus: Observations Prompted by Garegnani (2018)

ABSTRACT

In a posthumously published article, Pierangelo Garegnani (2018. ‘On the Labour Theory of Value in Marx and in the Marxist Tradition.’) depicts Marx’s project in Capital as that of ‘developing systematically the theory of Ricardo and [the] implications of social conflict’ implied by Ricardo’s ‘surplus approach to value and distribution’. This paper argues to the contrary that Marx’s theory of surplus value and exploitation differs from (neo-)Ricardian surplus theory in fundamental ways, and modifies Garegnani’s simple Sraffian model to illustrate the distinctive implications of Marx’s theory.     

The China model view is factually false

ABSTRACT

Using a cross-regional analysis of China, this article shows that the China model view is factually false and the universal model view is factually true. It is the marketization and development of non-state sectors, rather than the strong power of government and the state sector, that have driven the Chinese economy to grow fast and to be increasingly innovative. If China wants to sustain its economic performance, it must stay on the way to continuing marketization. Otherwise, China will fall into stagnation.     

Oil commodity returns and macroeconomic factors: A time-varying approach

This paper analyses the dynamic influence of macroeconomic factors on oil commodity returns (crude oil and heating oil) shown in monthly data over the period of 1990–2013. Using a time-varying parameter model via the Kalman filter, we find that macroeconomic factors are relevant for explaining oil commodity returns. We find that multilateral exchange rates have a negative effect on commodity returns. We confirm the existence of a strong linkage between energy and non-energy commodities. More importantly, we find shifts in global demand and SP500 effects that are not identified through the constant parameter model. These variables have had a progressively positive effect on oil commodity returns, especially since 2008.     

Growth uncertainty,generalized disappointment aversion and production-based asset pricing

We study a production economy with regime switching in the conditional mean and volatility of productivity growth. The representative agent has generalized disappointment aversion (GDA) preferences. We show that volatility risk in productivity growth carries a positive and sizable risk premium in levered equity. Our model can endogenously generate long-run risks in the volatility of consumption growth observed in the data. We show that introducing leverage with a procyclical dividend process consistent with the data is critical for the GDA preferences to have a large impact on equity returns.