我国企业年金投资监管模式选择

随着我国老龄化程度的加深,企业年金作为养老保险的第二支柱越来越受到人们的关注,我国先后制定了《企业年金试行办法》和《企业年金基金管理试行办法》等一系列文件。本文首先对现有的两种企业年金投资监管模式进行了简要介绍,然后针对我国目前实行的企业年金投资监管模式存在的问题进行了深入分析,并在此基础上提出了完善措施,这对于进一步规范我国企业年金的投资监管,保障企业员工的基本生活具有现实意义。     

Investment, expropriation, and unionization

In this paper, I examine an economy where output is produced from labor, capital and public services, and where firms and labor unions bargain over labor conditions and lobby the government over union bargaining power and public services. I compare three institutional cases: (a) competitive wage settlement, (b) bargaining over wages and employment, and (c) bargaining over wages only. I show that in cases (a) and (b) the government expropriates investment rents, but right-to-manage bargaining (c) protects investors from this expropriation.      

我国外汇储备规模与经济开放度的实证研究

本文以国际收支平衡表中的经常账户和金融账户为基础,分别从实体经济层面的贸易开放度和金融层面的投资开放度来界定我国的经济开放度指标,运用两变量VAR系统方法对1982～2004年我国外汇储备规模与经济开放度指标之间的关系进行实证研究,结果显示二者具有显著的正向协整关系,相对投资开放度而言,贸易开放度对外汇储备规模具有较大的影响.     

政治晋升激励机制下的地方重复建设——横向与纵向的比较分析

本文从政治晋升激励的角度考察了中国重复建设的内在机制。本文的分析表明,横向政治晋升激励的作用机制和纵向政治晋升激励的作用机制并不相同,由此得到落后地区是否进行重复建设的条件也就不相同。中国宏观经济环境中存在的价格扭曲放大了横向和纵向政治晋升激励的作用。为了降低落后地区进行重复建设的程度,中央政府需要对不同地区地方政府的官员采用不同的政治晋升激励,也需要努力推动自然资源和初级产品的价格体制改革。     

合作社与单个社员目标决策比较:一般理论分析

合作社独特的质的规定性使得社员成为所有者身份和惠顾者身份的同一,由此产生的合作社和单个社员目标决策的一致性成为分析合作社内部决策机制的逻辑起点。本文利用模型分别对合作社目标决策和单个社员目标决策进行分析,结果表明:合作社决策结果受社员的个人风险偏好、资产投资组合方式、内部治理机制及谈判力量对比的影响。这些因素阻碍了合作社中具有不同利益的群体通过自由谈判和补偿原则达成一致的可能性。     

Multilateral subsidy games

This paper examines the rationale for multilateral agreements to limit investment subsidies. The welfare ranking of symmetric multilateral subsidy games is shown to depend on whether or not investment levels are “friendly”, raising rival profits in total, and/or strategic complements, raising rival profits at the margin. In both Cournot and Bertrand competition, when spillovers are low and competition is intense (because goods are close substitutes), national-welfare-maximizing governments over-subsidize investment, and banning subsidies would improve welfare. When spillovers are high, national governments under-subsidize from a global welfare perspective, but the subsidy game is welfare superior to non-intervention. For helpful comments we are grateful to two referees, to Arijit Mukherjee, and to participants in seminars at Prague and UCD, at the EEA Conference in Lausanne and at the GEP Conference on “New Directions in International Trade Theory” at the University of Nottingham, June 2007. Dermot Leahy acknowledges the support of the Science Foundation Ireland Research Frontiers Programme (Grant MAT 017).     

服务业跨国投资决定因素与我国投资环境分析

我国服务领域吸引外资的水平远远低于制造业,也低于世界平均水平、发达国家与发展中国家的平均水平。本文从分析服务业跨国投资的动因和跨国投资选址决定因素出发,对我国当前服务业投资环境进行了分析,试图解释我国吸引服务业跨国投资相对较少的原因,并提出了改善服务业引资环境的建议。     

开发区与中国区域经济增长

本文运用2000-2006年52个国家级经济技术开发区的面板数据,考察了开发区对区域经济增长的贡献。实证结果显示,开发区对区域经济增长具有显著作用,这不仅表现在开发区较强的技术外溢效应,还表现在开发区比非开发区具有较高的生产率。统计和实证结果还显示,东部开发区的贡献和作用最大,其次是中部开发区,最后是西部开发区。此外,地理位置对城市产出也具有重要影响。因此,东部开发区应充分利用好区位优势,加大招商引资力度;中西部开发区则应享受更多优惠政策。     

The economic effects of improving investor rights in Portugal

The Portuguese economy has performed remarkably well since joining the EU in 1986. Output per worker grew at an annual rate of 2.25%. The relative price of investment has declined. Real investment has increased compared to output, in part fuelled by an increase in capital inflows. At the same time, resource allocation seems to have improved as well: firm-level data shows a significant decline in the dispersion of labor productivity and size across firms. This paper argues that improvements in outside investor rights that have taken place since Portugal joined the EU is a prime candidate to explain this set of facts.

FDI与鄱阳湖生态经济区工业能源强度——基于南昌市、景德镇市和鹰潭市的相关分析

本文采用2007～2010年鄱阳湖生态经济区3个设区市(南昌市、景德镇市、鹰潭市)的数据,采用相关分析方法分析了FDI与鄱阳湖生态经济区工业能源强度之间的关系。结果表明,FDI与鄱阳湖生态经济区工业能源强度显著负相关,这表明提高利用外资质量和水平有助于降低鄱阳湖生态经济区工业能源强度。