High-growth recoveries, inventories and the Great Moderation

We present evidence about the disappearance of the high-growth recoveries from recessions with intense job creation typically observed until the eighties. This result matches the belief that recessions now have an L-shape as opposed to the old-time recessions that always had a V-shape. We also show how this change in business cycle dynamics can explain part of the Great Moderation. We postulate that these two phenomena may be due to changes in inventory management brought about by improvements in information and communications technologies.     

对“三从一大”训练原则的再思考

“三从一大”训练原则从提出至今已发挥了巨大的作用，但随着竞技体育竞赛体制的不断改变，竞技体育运动的日益职业化，以及科学技术在竞技体育运动中的广泛应用，赋予了“三从一大”运动训练原则以新的内涵。本文将重点阐释新时期“三从一大”训练原则的科学实施。     

储粮平房仓墙体热工设计

本文在参照了国家粮食低温库和节能保温建筑对墙体导热系数指标要求的基础上,并根据所在第四区储粮生态区划,对北京市储小麦的新建平房仓设计提出了墙体导热系数指标,进行了热工设计。这对其他地区储存其他品种粮食的平房仓墙体热工设计可以起到模板借鉴作用。     

Did households’ time preference change due to the Great Recession?

Household time preference for US households, as measured by the planning horizon, was fairly stable for many years, but sharply changed with the onset of the Great Recession. Based on an analysis of a combination of the 1992–2013 Survey of Consumer Finances (SCF) datasets, time preference increased in 2010 and remained high in 2013, indicating households were less patient after the onset of the recession. This pattern held up even after controlling for household characteristics.     

Supplying trees in an era of environmental uncertainty: Identifying challenges faced by the forest nursery sector in Great Britain

In recent years, numerous articles have addressed management strategies aimed at assisting forests to adapt to climate change. However, these seldom take into account the practical and economic implications of implementing these strategies, notably, supply of forest plants and seed. Using semi-structured interviews with practitioners involved in the plant and seed supply chain in Great Britain, we highlight a series of practical and economic bottlenecks commonly encountered in the supply of locally sourced seed and domestically produced planting stock for native woodland and hedging markets. We find that adoption of alternative seed sourcing strategies, designed specifically to account for directional climate warming, is likely to exacerbate existing problems by adding further complexity to decisions nurseries make about tree species and seed origins to produce. The lack of long-term market predictability brought about by the current configuration of forestry grants and regulations and, in particular, the administrative systems for processing grant applications is identified as a major impediment to having a sustainable and competitive supply of home-grown and currently adapted planting stock. Finally, the time and effort it takes to supply healthy plants for native woodland creation projects deserves much wider recognition throughout the industry and will be crucial if planting objectives are to be met sustainably.     

Wall Street and Vine: Hollywood's View of Business

American films have long presented a negative view of business. This article is the first comprehensive and in‐depth analysis of filmmakers' attitude toward business. It shows that it is not business that filmmakers dislike but rather the control of firms by profit‐maximizing capitalists. The article argues that this dislike stems from filmmakers' resentment of capitalists' constraints on their artistic vision. Filmmakers' portrayal of business is significant because films have persuasive power that tips the political balance toward business regulation. Copyright © 2012 John Wiley & Sons, Ltd.     

Swiss Exchange Rate Policy in the 1930s. Was the Delay in Devaluation Too High a Price to Pay for Conservatism?

In this paper we examine the experience of Switzerland’s devaluation in 1936. We ask the following questions: what were the issues at stake in the political debate? What was the cost to Switzerland of the delay in the franc devaluation? What would have been the costs and benefits of an earlier exchange rate policy? To answer these questions we construct a simple open economy macro model of the interwar Swiss economy. We then posit counterfactual scenarios of alternative exchange rate pegs in 1931 and 1933. Our simulations clearly show a significant and large increase in real economic activity.     

The Development in the Coming 3 Decades

On June 25,2008,Summit Fo- rum on the Development in the Coming 3 Decades,hosted by China Business Press and sponsored by BMW Brilliance,was held in Beijing Great Wall Sheraton Hotel. World known economists and entrepre- neurs gathered together to review the ex- perience of China's thirty years of reform and opening up as well as to explore the driving force of China's future develop- ment.China's five famous economists,as     

The effects of new firm formation on regional development over time: The case of Great Britain

This paper re-examines the link between new firm formation and subsequent employment growth. It investigates whether it is possible to have the wrong type of entrepreneurship—defined as new firm formation which leads to zero or even negative subsequent employment growth. It uses a very similar approach to that of Fritsch and Mueller (Regional Studies, 38(8), 961–976, 2004), confirming their findings that the employment impact of new firm formation is in three discrete phases. Then, using data for Great Britain, the paper shows the employment impact of new firm formation is significantly positive in the high-enterprise counties of Great Britain. However, for the low-enterprise counties, it shows that new firm formation has a negative effect on employment. Of the 15 low-enterprise regions, eight are Scottish (of nine Scottish regions in our data base) and three are North East Counties (of four). Our findings imply that having the “wrong type of entrepreneurship” is indeed possible.

试论浙江现代商贸流通强省

改革开放以来,浙江作为市场大省,专业批发市场曾经并将继续在浙江经济体制改革、民间人才培养、民有资本聚集、个私经济发展等方面发挥极其巨大的作用。在当前新的国际、国内经济形势下,有必要针对存在的问题,引导专业市场进行整合、转型与提升,使之与现代商贸流通的业态、方式和组织相对接,努力把浙江由“市场大省”提升为“现代商贸流通强省”。