Financial Street——Landmark of the Beijing Financial Center

Redefining Beijing For a long time Beijing has served as the political and cultural center for the country.     

民营经济发展环境：障碍与突破

改革开放以来，我国民营经济所处的环境条件发生了巨大变化，有力地促进了民营经济的快速发展。但是，一些制约民营经济发展的环境障碍依然存在。为此，从观念到制度都要实现新的突破，进一步优化民营经济发展环境。     

Fostering and regulation of public domain

Advanced and well-regulated public domain is the basis for the operation of modem market economy and the development of social economy. Since the reform and opening up of China, the private domain dominated by the market mechanism has been developing rapidly, and the under-development of the public domain has begun to appear. Under-development and non-standard nature of public domain has begun to restrict the improvement of market economic system and comprehensive and healthy development of social economy. Therefore, we shall vigorously foster and regulate public domain while continuing expanding and deepening private sector dominated by market mechanism.     

Do Airbnb’s “Superhosts” deserve the badge? An empirical study from China

The “Superhost” badge is that Airbnb entitles the host provides good services. This study verifies Airbnb’s “Superhost” mechanism by applying text mining technologies, combined with Long Short-Term Memory (LSTM) and K-Means, to the entire dataset of tourists’ online reviews of Hangzhou city, China. Six kinds of hosts’ good services are identified, including “Three Meals or Night Snacks,” “Fruits, Drinks or Snacks,” “Travel Guides,” “Free Shuttle or Helping with Luggage,” “Chats,” and “Replies or Communications.” The study reveals the minority of “Superhosts” are mentioned of providing the majority of six kinds of good services, which means “Superhosts” do deserve the badge.     

中国碳金融市场对区域产业结构的影响研究——基于panel data计量模型的实证分析

文章选取中国CDM碳交易数量位居前列的十个省份为样本数据,对产业结构系数与单位GDP碳减排量之间的关系进行了梳理,并通过分析目前中国碳金融市场发展困境与碳金融市场对产业结构的影响方式,探究出中国碳金融市场对区域产业结构的影响。通过采用面板数据背景下的固定效应模型进行统计分析,从定量的角度研究了碳金融对区域产业结构的影响,得到了某一区域碳交易规模的大小会对该区域产业结构系数起到积极的正向影响的结论。但是,不同区域之间存在差异性,主要原因归根于当地文化、发展阶段与政策导向。最后文章有针对性地从制定碳金融发展战略、加大碳金融市场基础设施建设与完善碳金融的监管和风险防范体系三方面,进一步提出了促进碳金融和低碳经济发展的对策建议。     

市场机制在企业管理中的应用研究

文章基于企业内部市场机制运行的视角,对相关市场机制理论进行了梳理,系统分析了我国企业内部运行机制发展变革过程中存在的问题,并特别强调市场机制在企业内部应用不仅能够优化企业原有组织管理结构,更能增强企业适应力。研究发现,企业在管理制度的建立上还尚未健全,缺乏激励和约束机制,内部员工团队意识不强,部门之间权责不清,内部监管不力等问题较为突出。正因为这些问题的存在,企业内部引入市场机制在企业顺应市场发展,扩大再生产,避免腐败等方面显得尤为重要。通过阐述在企业内部推行市场机制的必然性和重要性的基础上,从市场机制在公司内部经营管理中的应用以及如何加强企业内部市场机制应用两个方面提出多项符合实际的对策建议,以期企业内部高效应用市场机制,促进企业有序发展。     

Jokowi's First Year: A Weak President Caught between Reform and Oligarchic Politics

When President Joko Widodo (Jokowi) took office in October 2014, he promised to usher in a new style of politics, generating optimism among many Indonesians that his government would enthusiastically promote reform. Yet Jokowi has since placed greater value on realpolitik than on reform, as evidenced by his choice of cabinet members, his response to the controversy surrounding senior police officer Budi Gunawan, and his handling of attempts by the police and others to weaken Indonesia's respected Corruption Eradication Commission (KPK). This article shows that Jokowi failed to deliver on his promises of reform largely owing to a combination of personal and external factors. He failed to show leadership on anticorruption and human-rights issues, for example—in part because he prefers economic development over democratic reform, but also because he is not immune to the oligarchic politics that dominate Indonesia's political life and promote the interests of Indonesia's elite.     

OFDI逆向技术溢出对地区技术创新的影响——基于基础吸收能力的调节作用

利用2002—2012年中国省际面板数据,通过对基于基础吸收能力调节的OFDI逆向技术溢出对以专利授权数量表示的技术创新影响的研究得到如下结论：加入经济发展水平、金融发展水平与基础设施建设水平各个指标的调节变量后,东部、中部和西部地区的OFDI逆向技术溢出效应对技术创新能力均产生了正面效应,但是与R&D经费投入和科研人员数量相比,这一促进效应依然较小;基础吸收能力调节变量的加入正向调节了OFDI逆向技术溢出对技术创新的影响;相对来说,基础吸收能力对西部地区OFDI逆向溢出与创新能力之间关系的调节效应更为重要。     

Capital control and exchange rate volatility

The study offers one conceptual and theoretical framework for evaluating the economic effects of a trading tax on foreign exchange transactions. Taxes and the price stickiness mechanism are taken into account in the model. When prices are flexible, full monetary neutrality can be obtained even in the short-term. Intuitively, taxes on foreign exchange transactions discourage speculation by rising currency trading costs, and, thus, increase the stability of the exchange rate. Finally, the results show that not only the exchange rate but consumption, investment and employment will become less volatile by imposing trading taxes on foreign exchange transactions.     

Rent Management – The Heart of Green Industrial Policy

At the heart of green industrial policy is rent management: government creating and withdrawing opportunities for profitable investment. This paper asks what the key factors are for rent management to succeed. Drawing on a range of literatures, the paper first deals with the critical success factors for ‘normal’ rent management and then turns to one of the most pressing and controversial issues of our time: how to bring about the transition to green energy. This is extra challenging because technological uncertainties are high, time horizons for investment are long, yet action is required now.