从"10+3"看东亚区域经济合作的方式

东亚区域合作面临许多难题，贯穿“东盟方式”的“10 3”合作是东亚目前的主导形式，但这一合作的诸多缺憾使东亚区域合作很难沿这一方向深入下去。2002年初，小泉纯一郎在新加坡描述了一个称为“东亚共同体”的设想，实际是鼓吹以双边自由贸易协定网而非区域经济一体化的方式来实现东亚的区域合作。的确，双边自由贸易协定网的方式不但符合东盟强调自立的合作原则，也迎合了外部特别是美国在这一地区的利益，易为各方接受，却从根本上堵住了东亚通往更具机制化合作的道路。笔者认为东亚区域合作的必然选择是大国协调为基础的区域经济一体化，这虽然需要一个艰难的调整过程，但却是在全球化条件下保障东亚各国利益的惟一选择。     

Vertical Restraints and Market Access

This paper analyzes vertical restraints in relation to market access issues. In Section II we briefly review the recent three major trade conflicts between Japan and the USA in light of vertical restraints. In Section III we review the major policy lessons of the economics literature of vertical restraints, and analyze whether we need a special treatment for vertical restraints abroad for a market access reason. In Section IV we evaluate the policy options towards foreign foreclosure and suggest that nondiscriminatory application of foreign or home competition policy should be the mechanism to address such concern instead of trade policy actions such as voluntary import expansions.     

基于MATLAB提高Pt100测温系统响应速度的研究

通过对外加保护铜套的Pt100测温系统的实验研究,利用MATLAB建立了该系统对温度输入响应的数学模型,并通过合理增设串联相位超前校正网络提高了Pt100测温系统的响应速度。对于不同组成的Pt100测温系统,可选择不同的串联相位超前校正装置参数实现响应速度的提高。     

Price Linkages in Asian Equity Markets: Evidence Bordering the Asian Economic, Currency and Financial Crises

This paper examines price linkages among Asian equity markets in the period surrounding the recent Asian economic, financial and currency crises. Three developed markets (Hong Kong, Japan and Singapore) and six emerging markets (Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand) are included in the analysis. Multivariate cointegration and level VAR procedures are conducted to examine causal relationships among these markets. The results indicate that there is a stationary relationship and significant causal linkages between the Asian equity markets. Nevertheless, lower causal relationships that exist between the developed and emerging equity markets suggest that opportunities for international portfolio diversification in Asian equity markets still exist.     

Capital mobility,wage bargaining,and social insurance policies in an economic union

In a two-country model with mobile capital we analyse decentralized social insurance policies. These policies are a compromise between the preferences of workers and capital owners. Due to wage bargaining, worker-based social insurance contributions are borne by capital owners. These contributions affect the profitability of investment, and consequently the direction and size of capital flows. Countries will take account of these effects in determining social insurance policy. Noncooperative decision making results in tax competition and an underprovision of social insurance. In addition, increasing economic integration, represented by increasing capital mobility, could imply a divergence of social insurance levels in the two countries.     

Sources of gains from international portfolio diversification

This paper looks at the determinants of country and industry specific factors in international portfolio returns using a sample of forty eight countries and thirty nine industries over the last three decades. Country factors have remained relatively stable over the sample period while industry factors have significantly increased during the last decade and dropped again since 2000. The importance of industry and country factors is correlated with measures of economic and financial international integration and development. We find that financial market globalization is the main driving force behind the changes in relative magnitude of the different shocks. Country factors are smaller for countries integrated in world financial markets and have declined as the degree of financial integration and the number of countries pursuing financial liberalization has increased. Higher international financial integration within an industry increases the importance of industry factors in explaining returns. Economic integration of production also helps in explaining returns. Countries with a more specialized production activity have higher country shocks.     

The Informational Efficiency of the Equity Market As Compared to the Syndicated Bank Loan Market

The loan market is a hybrid between a public and a private market, comprised of financial institutions with access to private information about borrowing firms. We test whether this is reflected in informationally efficient price formation in the loan market vis-a-vis the equity markets, and reject this private information hypothesis. We also reject a liquidity hypothesis which suggests that equity markets always lead loan markets, despite bank lenders' access to private information, because of greater liquidity in equity markets. We further test, and reject, an asymmetric price reaction hypothesis that states that loan returns are more sensitive to negative information whereas equity returns respond symmetrically to both positive and negative information. We find evidence most consistent with an integrated markets hypothesis that suggests that both the equity and syndicated bank loan markets are highly integrated such that information flows freely across markets. This is particularly true when the equity market makers are also loan syndicate members.      

以"代建制"为契机加快工程项目管理公司的发展

建设部《关于培育发展工程总承包和工程项目管理企业的指导意见》的发布，以及全国大部分地区政府投资工程代建制的实行，为我国工程项目管理公司的发展创造了机遇。面对竞争日益激烈的国内外市场，如何抓住有利形势，加快我国工程项目管理公司的培育和发展，使之能与国外的工程项目管理公司相抗衡，已经成为一个非常紧迫的问题。     

建立和运行一体化管理体系的初步尝试

对质量管理体系、环境管理体系、职业健康安全管理体系进行合理整合，形成一个综合管理体系即QEO一体化管理体系。认为：QEO一体化管理体系是建立方针和目标并实现这些目标的相互关联或相互作用的一组要素、组织机构、管理、程序过程和资源，它比多个管理体系更能有效达到依据方针所制定的目标。详细介绍了建立QEO一体化管理体系的过程。     

Impact of sales force automation on technology-related stress, effort, and technology usage among salespeople

This study unveils factors affecting sales force automation (SFA) technology usage by salespeople. It differs from previous research by: (1) proposing a model that examines the consequences of task complexity on role perceptions and technology usage, and (2) understanding the negative repercussions of SFA technology on the user. The proposed model was tested using data from 150 salespeople employed by a national organization. The results suggest that integration of SFA technology induces adverse role perceptions in salespeople. However, controlling for extraneous variables, effort is significantly related to salespeople's usage of technology. Key managerial implications for theory and practice are discussed.