学生党组织在学生科研团队建设中的作用

我国从十九世纪九十年代起开始逐渐把科学研究引入至本科教育,这种做法得到了教育主管部门的肯定,推动了大学生科研团队的兴起。学生科研团队是通过参加科学研究实践活动的途径培养大学生的科研、创新、协作能力的科研组织。而在我国大学生科研团队的成员构成之中,相当数量的成员是大学生党员。而目前大学生基层党组织在大学生科研团队建设方面的工作相对滞后,本文就大学生科研团队中学生党组织的角色问题进行了探讨。     

东莞篮球中心项目精细化管理的实践

面对建筑市场的严峻的形势及项目管理的粗放与困惑,精细化管理已成为项目管理必然发展的趋势。文章通过对东莞篮球中心工程案例贯彻细节决定成败、管理创造效益的思路,不断创造现场标准化工地建设的新水平,加大在建项目的管理力度,对项目精细化管理的实践与应用进行研究。通过对工程成本、质量、进度和安全等方面管理要素制定可行目标,提出了精细化管理的对策及措施,阐述了工程建设过程中所实施精细化管理的方法与技术,总结了实施精细化管理的一些体会。     

Migration,Unemployment, and Skill Downgrading

In this paper, we analyze the labor market impacts of immigration under flexible and rigid labor market regimes. A general equilibrium framework is developed, accounting for skill heterogeneity and labor market frictions, where unemployed medium‐skilled manufacturing workers are downgraded into low‐skilled service jobs, while low‐skilled service workers might end up unemployed. The analytical analysis shows that medium‐skill immigration decreases low‐skilled unemployment under the flexible regime, indicating a complementarity effect, while the rigid regime induces a substitution effect, leading to low‐skilled unemployment. Moreover, it leads to wage polarization. In a numerical analysis, the economic effects of different migration scenarios are quantified.     

Crowdfunding: The collaborative economy for channelling institutional and household savings

The financial disintermediation mechanism known as “loan-based-crowdfunding” has recently come under regulation in several countries. This competitive investment and finance vehicle is already well established in the US and British markets.By compiling empirical data from a reference crowdfunding platform, this article compares loan-based crowdfunding with traditional investment vehicles such as investment funds, equities or pension funds.The conclusion of the study is that saving through crowdfunding allows the optimization of a portfolio comprising both institutional and retail investors.     

Determinants of time varying co-movements among international stock markets during crisis and non-crisis periods

In this paper, we use the DCC MIDAS approach to assess the validity of the wake-up call hypothesis for developed and emerging markets during the global financial crisis (GFC). We use this approach to decompose the total correlations into short- (daily) and long-run (quarterly) correlations for the period from 1999 to 2011. We then examine the transmission mechanisms by regressing the quarterly economic, financial, and behavioral variables on the quarterly DCC–MIDAS correlations. We find that country specific factors are crisis contingent transmission mechanisms for the co-movements of emerging country pairs and mixed pairs of advanced and emerging countries during the global financial crisis. However, we do not observe wake-up calls in the transmission of the crisis among advanced country pairs. The classification of the transmission mechanisms for crisis and non-crisis periods with the different country pairs has important implications for crisis management as well as for portfolio investment strategies. Thus, our findings contribute to the discussion on the role and effectiveness of the international financial architecture.     

马克思的资本批判与人学思想

资本原则作为现代社会的本质性原则,在马克思主义研究当中已经成为基本的共识,而马克思资本批判的核心就是揭示资本原则对人的统治.本文结合对历史和现实的观察和反思,回到马克思资本批判的历史境域之中,阐释马克思在资本批判中揭示的人的现代性处境、本质和人作为人全面实现和发展自己的现实条件.从根本上清理人学研究中的抽象性倾向,建立入学研究的历史唯物主义地基,并从研究范式上进行必要的转换.     

Consideration of technological and environmental heterogeneity in cost efficiency analysis

In order to evaluate and compare the efficiency levels across banking industries, we adopt the meta-frontier model that can assess the technological difference among countries. Given the importance of country specific conditions, we include in our analysis the different specificities of each country to incorporate the technological as the environmental differences in the evaluation of banking efficiencies. Using data on the banking industries of several countries in the MENA region, over the period 1991–2011, the results of the efficiency scores corrected by the technological and environmental gap led us to conclude that Egyptian banks are the most efficient in terms of cost compared with banks in other countries. Egyptian banks enjoy a very favourable banking technology. Our results support the hypothesis that traditional techniques of efficiency analysis based on the efficiency scores of a specific and pooled frontier tend to mystify efficiency levels and may incorrectly identify efficient banks. This paper contributes to the efficiency literature by incorporating technological and environmental heterogeneities in the evaluation of efficiency. This helps to characterize the production process of a bank and provides common standards by which the efficiencies of banks in different countries can be compared in a meaningful way with each other.     

制造业竞争力比较研究——基于浙江地区与国内外制造业的分析比较

制造业竞争力对于区域经济发展具有至关重要的支撑作用。通过建立MCI制造业竞争力指数模型量化比较发现，随着劳动力成本等要素制约加剧，浙江制造业竞争力和竞争优势近年来大幅弱化。加快实现创造驱动、人才驱动、技术驱动、改革驱动“四轮驱动”，加速提高劳动生产率，推进产业转型升级，提升产业核心竞争力，打造经济升级版，从而实现长期可持续增长，是今后很长一段时期内浙江经济的重大课题。     

Measuring systemic risk-adjusted liquidity (SRL)—A model approach

Little progress has been made so far in addressing—in a comprehensive way—the negative externalities caused by excessive maturity transformation and the implications for effective liquidity regulation of banks. The SRL model combines option pricing theory with market information and balance sheet data to generate probabilistic measure of systemic liquidity risk. It enhances price-based liquidity regulation by linking a bank’s maturity mismatch impacting the stability of its funding with those characteristics of other banks, subject to individual changes in risk profiles and common changes in market conditions impacting funding and market liquidity risk. This approach can then be used (i) to quantify an individual institution’s time-varying contribution to expected losses from system-wide liquidity shortfalls and (ii) to price insurance premia that provide incentives for banks to internalize the social cost of their individual funding decisions.     

The impact of the French Tobin tax

We analyze the impact of the introduction of the French Tobin tax on the turnover and measures of the liquidity and volatility of the affected stocks with nonparametric tests on individual stocks, difference-in-difference tests and other robustness checks controlling for simultaneous month-of-the-year and size effects. Our findings indicate that the tax produces a significant reduction in turnover and volatility (measured in terms of stock price volatility and the high–low price range) and inconclusive effects on liquidity when the latter is evaluated under the two dimensions of the estimated bid–ask spread and the Amihud (2002) price impact ratio.