地方政府人才引进政策促进了区域创新吗？——来自准自然实验的证据

高技能人力资本对于我国经济转型的重要性不言而喻。本文以2009—2012年间39个城市集中出台的地方人才引进政策为准自然实验,采用多期政策的双重差分法,结合机制分析和异质性分析,探究了人才政策出台前后区域创新能力的变化及其背后的机制和深层次原因,并分析政策效应在不同的地区营商环境、科教事业投入力度、知识产权保护程度下的差异。本文主要结论包括,地方人才引进政策总体上提高了当地的专利授权总量和专利价值总量;显著增加了研发投入的规模,但创新效率没有得到明显提升;在营商环境较差的地区,政策的效应侧重于提高专利数量,营商环境较好的地区则侧重于提升专利价值;在科教投入力度本身就很大的地区,政策效果较小,在科教投入弱的地区效果会更明显;在知识产权保护程度弱的地区,政策效果更多地表现为提高专利数量,保护程度强的地区,则侧重于提升专利价值。上述结论对地方政府优化人才激励政策、实施创新驱动发展战略具有一定的政策启示。     

金融市场化进程是否改变了中国货币政策不同传导渠道的相对效应？

本文利用SVAR模型脉冲偏导分离技术,从利率市场化和影子银行两个维度测算了金融市场化进程对货币政策不同传导渠道相对地位的影响。实证结果揭示了中国货币政策传导的一些重要特征:第一,以信贷渠道为代表的数量化渠道效应要强于以利率和汇率渠道为代表的价格渠道,并且该结果没有因金融市场化的推进而改变。第二,利率市场化的推进主要强化了利率渠道的作用,但一定程度上弱化了其他渠道尤其是信贷渠道的作用。第三,影子银行的发展,强化了资产价格渠道的效应,而相对弱化了信贷渠道和利率渠道的效应。研究为在金融与实体经济市场仍存在一定程度摩擦的条件下,央行采用价格与数量货币政策调控方式有机结合的必要性与有效性,提供了实证支持。同时研究还表明,要充分发挥利率市场化改革完善货币政策价格传导机制的作用,既需要加强对各种形式金融创新的监管,还需要实体经济体系进一步市场化改革相配合。     

The role of speculation in international futures markets on commodity prices

The role of futures contracts on spot prices has been one of the key focus areas of research since the recent surge in commodity prices and increase in the volatility of commodity returns. However, no consensus arises from this literature, and hence it is difficult to link the use of futures contracts in agricultural commodities by non-hedgers and the growing food insecurity within developing countries. The purpose of this paper is to highlight causal relationships from futures contracts to spot prices of underlying assets, namely agricultural commodities. As research that focus on exchange-traded funds do not provide any clear conclusions, we focus on the imbalance between short- and long-open positions, this imbalance being caused by the exchange traded funds’ participation in futures markets. In this paper, we estimate relationships between financial variables including indicators for speculation in futures markets and the returns of cocoa, corn, soybean, wheat, coffee, rice, and sugar on a weekly basis from 1998 to 2013. Significant results lead to Granger-causality tests that in turn validate the hypothesis of a positive impact of speculation in futures markets to returns on the underlying commodities.     

创业企业家不确定性容忍度对企业迁徙决策的影响

创业企业迁徙是创业企业成长过程中的重要决策。基于文献研究并结合创业企业家特征,构建创业企业迁徙意愿影响因素模型,重点探讨在不确定性容忍度影响下创业企业迁徙意愿影响因素及其作用机制。研究结果表明,政策环境、生活质量、政府服务质量是影响创业企业迁徙的三大外部因素,创业企业家不确定性容忍度则是重要的内部因素,随着创业企业家不确定性容忍度提高,生活质量对迁徙意愿的影响减弱,而政策环境对迁徙意愿的影响增强,表明当前创业企业孵化与迁徙受政策环境主导。研究结论进一步解释了迁徙情景中创业企业对区域经济环境不敏感以及云集于北上广深等生活成本畸高的城市等现象。     

Food,farmers, and the future: Investigating prospects of increased food production within a national context

With international food price shocks in 2008 and 2011, food security became a political priority in many countries. In addition, some politicians have recently adopted a more nationalistic stance. Against that background, this paper critically investigates the prospects of increased food production within a national context. We use a small, high-income country, Norway, as an empirical case. In 2012, the government set a goal of increasing agricultural food production by 20% by 2030. We ask: 1) How has food production in Norway developed before and after the goal was set? 2) What plans do farmers have, and what do they regard as the main obstacles to increased production? We apply a mixed method combining public statistics, a survey, and interviews. We analyze four production systems: a) milk; b) grass-based meat; c) combined pig and grain; and d) grain. These systems represent around 80% of the domestically consumed food produced on farms in Norway. Since 2000, aggregate food production has had a slight downward trend with periodic fluctuations. Based on a political economy approach, we identify land and labor as the most limiting factors. Capital is less of a hindrance and offers a potential for increased production. Farmers have modest expectations of increased production, though. This outlook resonates with the strong integration of agriculture into the wider economy, at both micro and macro levels, making it challenging to implement new policies and change farm practices on a broad basis. Increases in some specific products, however, are realistic.     

Green infrastructure and public policies: An international review of green roofs and green walls incentives

Worldwide, green infrastructure is increasingly used to mitigate the impacts of dense urban areas, contributing towards the naturalization of the built environment. However, for investors, these systems often emerge as requiring substantial upfront cost (high installation costs) and, depending on the solution, might also have significant maintenance costs. On the other hand, policymakers are placing green infrastructure on the agenda, as a solution to consider in urban planning and design. There is a mismatch between the economic/social/environmental value of green infrastructure and their financial analysis. As the quantified benefits of these solutions may not compensate the high implementation costs, discouraging building owners to invest in them. The alignment of both expectations, public and private agents, regarding the development of green infrastructure, is done through the use of incentives, with distinct configurations and nature, that promote and facilitate the adoption of green infrastructure by private investors. This research aims to identify and analyse the incentive policies used by several municipalities to promote the installation of green roofs and/or green walls. The data set includes 113 cities in 19 countries. The incentive policies were classified into six different categories: tax reductions, financing, construction permit, sustainability certification, obligations by law and agile administrative process. The results show that incentive policies are mainly concentrated in Europe and North America, and most incentive policies focus on the promotion of green roofs, as no exclusive incentive policies for the promotion of green walls were found. From all incentive policies studied, financial subsidies and obligations by law are the most used ways to promote green infrastructure worldwide.     

Land price diffusion across borders – the case of Germany

ABSTRACT

Land market regulations are often justified by the assumption that activities of foreign and non-agricultural investors drive up prices in domestic land markets. However, empirical knowledge about the dynamics of agricultural land prices across borders is sparse. Using the German reunification as a natural experiment, we study the effect of the former inner German border on the dynamics of agricultural land prices in East and West Germany. We apply a land price diffusion model with an error correction specification to analyse spatial agricultural land markets. A novel feature of our model is its ability to distinguish price diffusion within states and across state borders. We provide evidence for a persistent border effect given that the fraction of spatially integrated counties is larger within states than across the former border. Moreover, we observe non-significant error correction terms for many counties along the former border. From a policy perspective, it is striking to realize that even 25 years after German reunification, pronounced land price differences persist. It is quite likely that price diffusion through existing borders within the EU would take even more time given language barriers, different institutional frameworks, and information asymmetries between domestic and foreign market participants.     

Microdata analysis of the consequences of free trade port policy: the case of Iran free zones

ABSTRACT

Creating free trade zones as a policy to motivate new investment and improve the local economic indicators might be of some benefits. Following of this policy in Iranian major port, however, resulted vice versa by aggravating the current account balance that is higher imports and the same horizon diminished export sums. We derive the micro data of trade for the Iranian major Imam port according to code arrangements of harmonic system (HS), which permits the clustering of different goods categories. Then we extracted the sums of survey data for the years before and after Imam port became free trade zone and applied fixed effect difference in difference (DID) method to capture the heterogeneity of unobserved variables. Our control port of analysis was Rajaee port the policy did not implemented. Results show that just as Imam free port’s Current Account Balance deteriorated by increasing import and dampening of export sums.     

Spatiotemporal dynamics of soybean crop in the Matopiba region,Brazil (1990–2015)

Brazil is a world leader in the production and export of grains, particularly soybeans. The newest agricultural frontier in Brazil is the Matopiba region, which is a continuous zone formed by the states of Maranhão, Tocantins, Piauí, and Bahia, located mostly within the Cerrado biome. The objective of this study was to analyze the spatiotemporal dynamics of soybean production and yield in the Matopiba region. We analyzed municipality-based planted areas and production data obtained by the Brazilian Institute of Geography and Statistics during 1990–2015. Yield was estimated from the production and planted area, and the data were analyzed using global and local Moran indices. The results showed that soybean production in the Matopiba region does not occur randomly. Positive and significant autocorrelation was found at the beginning of the time series among those municipalities located in the west of Bahia. This region influenced the soybean expansion from south to north. Currently, high-production areas are concentrated in two autocorrelated blocks: one in western Bahia and the other in the central Matopiba region. Analysis of spatial autocorrelation involving yield showed a decreasing trend at the end of the time series. The presence of municipalities with high yield surrounded by others with low yield, and vice-versa, were observed. The findings of this study could assist local and regional agricultural planning in the Matopiba region, and support related analyses in other fields of agriculture, the environment, and logistics.     

Five scale challenges in Ecuadorian forest and landscape restoration governance

The forest and landscape restoration (FLR) targets set as part of the Bonn Challenge draw attention to the governance arrangements required to translate national FLR targets into local action. To achieve the targets, actors at multiple levels of the governance scale aim to influence relevant processes on the ecological scale. In this article, we focus on the scale challenges relating to the implementation of Ecuador’s restoration targets, by analysing the implementation of the 2014–2017 National Forest Restoration Plan in the montane Chocó Andino and Bosque Seco landscapes. From 54 semi-structured interviews, a document review, and geographical data analysis, we identified two temporal (i, ii) and three spatial scale challenges (iii, iv, v): i) Political cycles mismatch with FLR timelines; ii) Planning horizons mismatch with FLR timelines; iii) National restoration objectives mismatch with decentralised land use planning realities; iv) The governance level of existing FLR efforts mismatches with the level receiving restoration funds; and v) Tensions exist between the spatial dimensions of biodiversity and water-related restoration efforts. The findings highlight that more attention must be given to scale-sensitive governance to make the process in which national FLR targets are translated into local action more effective.