Outsourcing and structural change. Application to a set of OECD countries

The examination in this paper aims to bridge outsourcing and structural change analyses in order to obtain more accurate insights into the extent of outsourcing and to extract more reliable policy recommendations for dealing with its effects. We do this by applying a ‘battery’ of outsourcing measurements to a group of OECD countries from 1980 to the mid 1990s. Expected results (e.g. the idiosyncratic outsourcing patterns of the UK) are confirmed on a more systematic and comparable basis, while original results (e.g. the low integration of business services in manufacturing in the former socialist economies) are based on the exploitation of new data.     

新形势下完善房地产企业财务管理的研究

对于房地产企业来讲,资金运作对企业的生命周期以及工作都会产生至关重要的影响,而在资金运作过程中,财务管理工作是重中之重。因此,在现代化发展背景之下,房地产企业如何就融资渠道以及资金使用效率进行提升,并对施工过程中的预算成本进行控制,是财务管理工作需要重点解决的问题,这样才能够从根本上改善房地产企业的资金运作效率,提升房地产企业的可持续发展水平。因此,论文对新形势发展背景下房地产企业的财务管理工作优化措施进行论述。     

Valuing GM technologies using real options: the case of drought tolerant wheat in Australia

ABSTRACT

In this article we seek to estimate the value of a partially-developed crop technology from the perspective of the firm developing the technology. Firms need this value estimation to decide whether their technology will earn a sufficient return in the market to justify investing in it. However, determining the (ex-ante) value of the technology before it is commercialised is challenging as the technology is not yet in the market and hence the demand function has not yet been defined. An alternative valuation method is required. We use risk premiums, Monte Carlo simulation and real options analysis and we demonstrate this combination of valuation tools on wheat that is currently being developed in Australia to be drought tolerant. The results indicate that this drought tolerant wheat variety is likely to be adopted by farmers in most regions and has a pre-commercialisation value that justifies continued investment in its development. We also identified South Australia as a region in which the new variety would not be sufficiently valuable to farmers to see them adopt it and we consider possible explanations for this outcome.     

Impact Fees and Real Estate Prices: Evidence from 35 Chinese Cities

Local governments often charge developers impact fees to finance local public goods. This has been practiced in Chinese cities for more than two decades; however, no empirical studies have tested the effect of impact fees on real estate prices. Using a panel data set for 35 large- and medium-sized cities from 1998 to 2008, we find that impact fees lead to a significant increase in real estate prices. For a given city, an increase in impact fees by one yuan leads to an increase of about 5 yuan in the price of newly-built housing; a 1% increase in impact fees leads to an increase of 5 percentage points in the housing price index and 7 percentage points in the land price index.     

房地产属性、收入差距与房价变动趋势

以往关于收入差距与房价之间关系的研究,较少兼顾房地产的消费与投资双重属性。文章基于双重属性的角度,首先从理论上阐述了收入差距与房价之间的动态关系。在经济发展水平较低的情况下,房地产的消费属性凸显,收入差距扩大会抑制房价上涨;随着经济的进一步发展,房地产单一属性不明显,收入差距变化对房价不存在显著影响;当经济发展水平较高时,房地产投资属性占优,收入差距扩大会促进房价上涨。进一步对理论结果进行实证研究发现,整体上我国收入差距与房价之间无显著相关关系,单一属性不明显;但就省际差异而言,在经济发展水平较高的省份,收入差距促进了房价上涨,而在经济发展水平较低的省份,收入差距则抑制了房价上涨。随着时间的变化,收入差距由抑制房价上涨转变为促进房价上涨。     

我国科技创新政策绩效区域异质性研究--基于2000～2010年大中型工业企业数据的研究

本文通过区分科技支出、采购、投资3项创新政策,并考虑创新异质性,利用省际面板数据进行创新效应实证分析。结果表明：我国科技支出、采购、投资3项科技创新政策的创新效应存在区域异质性,另外,部分效应也有区域一致性。这表明,政府应采用结构化的政策工具支持不同区域创新,同时倡导适度化的创新政策,控制同一区域创新支持规模。     

浅析山西煤炭外运发展现状

山西是我国的产煤大省．在我国煤炭供给中具有举足轻重的地位。在全国煤炭能源需求高涨的影响下．山西煤炭外运通道建设远远不能满足煤炭外运的需求,尤其是铁路的建设;而且运输结构极为不合理,制约了山西的经济发展。文章在山西煤炭生产以及外部需求的基础上．分析了山西煤炭外运的现状,并提出相应的对策和措施。     

基于虚实二重性分析的房地产理论重构

传统的仅从实体经济的角度来研究房地产的经济理论已经不能完全诠释当今房地产经济发展的现实。通过对房地产从虚拟经济角度进行分析,我们可以发现,房地产具有实体资产和虚拟资产二重属性。正是房地产的这种特性决定了房地产具有稳定经济的职能,对经济增长具有重要意义。因此,我们应该在房地产虚实二重性的基础上重构房地产经济理论。     

房地产企业融资模式的国际比较与启示

国外成熟房地产金融市场中,企业的融资渠道是多元化的,这就为企业的长期发展提供了强有力的资金支持。与此相比,中国房地产金融市场显现出极大的不完备性。     

现阶段我国经济增长的源泉分析

从总体上讲,我国近些年来的经济增长应是制度转轨、对外开放与二元经济转型等因素相互作用与协同发展的结果;在我国的经济增长过程中,制度一经济增长论与二元经济发展论可以同时成立;不过。从各因素对经济增长的总量贡献上看,二元经济转型的贡献要远大于其他因素。这说明了我国的经济增长不仅享受了渐进式的制度变迁的好处,而且也享受到了转轨的“后发优势”。当然。从各种因素对经济增长作用的发展趋势与作用的空间性上看,制约我国未来经济增长的核心经济因素将会从以往的经济制度瓶颈转向产业结构升级与技术进步上。