New Exhibition Center Consolidates Industry Hardware

The New China International Exhibition Center (NCIEC) is co-designed by Beijing Institute of Agricultural Design (BIAD) and the TBS Design Group of the United States.     

Impact of electronic road pricing on real estate prices in Singapore

Since 1998, Singapore has had an Electronic Road Pricing (ERP) system set up with a network of toll gantries to tax vehicles entering designated areas in the city center during peak hours. Using the congestion rate hike with effect from November 1, 2010 as an exogenous shock, we test the effects of the ERP rate hike on retail, office and residential real estate prices. The results show that the November 2010 congestion toll rate increases cause a 19% drop in retail real estate prices within the cordon ERP areas relative to retail real estate prices outside the cordon ERP areas. The results are statistically and economically significant. However, the toll rate hike has no significant impact private office and residential real estate within cordoned ERP areas. The robustness and falsification tests could not reject the negative effects associated with the toll rate hike on retail real estate prices.     

Developing design principles for the digitalisation of purchasing and supply management

This paper develops an approach to evaluating designs for digitalisation interventions in purchasing and supply management (PSM), and identifies some fundamental design principles for such interventions. A set of advanced technologies for digitalisation and a theory-based set of seven value drivers for PSM are identified for the proposed grid to facilitate the design of applications and interventions for digitalising PSM. The grid relates the digital technologies to the PSM value drivers in a matrix-like manner, allowing the structured consideration of the space defined by these two dimensions. The proposed approach to the strategic evolution of digitalisation in PSM is tested and its utility is demonstrated in analyses of practitioner literature and multiple case-study-based perspectives on PSM digitalisation. Two fundamental design principles relating to the use of the grid, or to the filling of its space, are set out, thus the research provides new theoretical perspectives on the design of advanced forms of PSM digitalisation. The proposed grid may be used in application design, communicating current and future states of PSM digitalisation to stakeholders, and specifically in developing a future-oriented strategy with a digitalization element for the PSM function.     

城市土地价格波动对房地产业的影响——1999～2005年中国20城市的实证分析

本文利用1999～2005年间的数据对我国地价与房价的关系进行了实证研究.研究结果表明房价对地价有显著影响,地价对房价的影响度较小.在对地价与房价互动传导机制进行研究时,提出了3个传导路径,这些路径上的各个变量大都相互影响.通过分析我们还发现金融支持和土地政策在地价与房价变动中扮演着重要角色,抑制房价不能只控制土地价格,还应从金融支持、投资等方面着手,制定更严格的信贷制度,增加房地产交易税和提高居民可支配收入.本文的研究对于政府制定正确的货币政策和房地产业政策具有积极的参考意义.     

运输成本、劳动力流动与制造业区域分布

近年来,中国制造业的区域发展不平衡,其中的重要影响因素是什么?本文通过构建经济地理的分析框架,分析了运输成本和劳动力流动在中国特有条件下的作用机制。运输成本差异形成了制造业在沿海地区的选址优势,而这一优势和目前的高劳动力流动成本一起,形成了沿海高成本压力而内地收入低下的新空间“二元”结构。同时,我们计算了区域经济的实际数据对这一机制进行印证,假如这一局面继续维持,它将妨碍沿海和内地产业分工与均衡发展。文章还认为,因为经济集中的趋势是内生的,所以平衡区域经济发展的政策取向应该是促进性而不是限制性的。     

Structural changes,market growth and productivity gains of the US real estate investment trusts in the 1990s

The 1990s were tumultuous times for the US Real Estate Investment Trusts (REITs) industry. Significant structural changes occurred during the decade, especially after the 1993 Revenue Reconciliation Act, which tremendously boosted the flow of funds into the system by allowing the participation of institutional investors in REITs. As a result, the industry experienced remarkable asset growth during the decade, with a large number of initial public offerings and substantial increases in market capitalization. Employing the Data Envelopment Analysis-type Malmquist index approach, this paper explores the impact of such environmental changes on productivity growth, efficiency change, and technological progress of REITs. Our results indicate that while efficiency of the REITs significantly increased, their average productivity declined and technology regressed during this decade. It appears that the typical REIT has failed to improve technically, but exerted substantial effort to catch up with the best practice ones relying mainly on aggressive growth strategies. However, our empirical results indicate that they might have overextended themselves as most began to suffer from diseconomies of scale.

人民币实际汇率错位的经济效应实证研究

本文运用行为均衡汇率模型和协整理论,测算1984—2004年人民币实际汇率错位的季度状况,结果表明,人民币实际汇率在此期间经历了三个阶段的币值低估和两个阶段的币值高估。结合这21年间中国主要经济指标的增长率,划分阶段研究人民币实际汇率错位的经济效应,可以发现:较大幅度的实际汇率错位对涉外经济变量产生了比较明显的影响;而低幅度的实际汇率错位,不会对经济产生较大危害,经济系统本身可自动调节;另外,实际汇率错位对涉外经济变量的变动有非常好的解释作用,这反过来证明,对人民币实际汇率错位状况的测算是准确的。通过建立计量模型,从1984—2004年整体时段来研究人民币实际汇率错位的经济效应,结果表明,实际汇率错位对出口和进口都产生了显著的负面影响。     

我国建筑业市场进入壁垒为何失效

我国建筑业具有典型的分散型产业组织特征,市场集中度偏低的主要原因在于进入门槛较低。规模经济、产品差异化、必要资本量、绝对费用等结构性进入壁垒没有起到限制企业进入的作用,而企业资质管理作为一种市场准入制度,虽然构成了建筑市场最主要的进入壁垒,但在等级设定、专业划分等方面缺乏长期性和稳定性,长期来看对于抑制过度进入和优化产业结构的作用比较有限。     

区域战略性新兴产业核心竞争力的识别与培育——以天津市新能源产业为例

对区域战略性新兴产业核心竞争力的正确识别和培育,直接关系到该产业未来发展的战略地位,关系到区域经济的走势。从新兴产业形成和发展的视角,揭示出区域战略性新兴产业核心竞争力的关键影响因素,勾画出其识别模式,并以天津市新能源产业为例进行了实例剖析,提出了相应培育措施。     

区域高技术产业发展的动态效率分析

运用非参数DEA-Malmquist指数法,根据2003—2007年的面板数据对我国珠三角、长三角、环渤海三大区域的高技术产业全要素生产率进行测算和分析,估算出三大区域9省市全要素生产率变化指数、效率变化指数和技术进步指数。结果表明,先发省市的高新技术产业基本处于生命周期的成熟阶段,年度技术进步指数在下滑,效率变化指数呈现不变或上升趋势,产业集群优势开始呈现,并提出进一步发展区域高技术产业的对策。