The international co-movements of Finish stocks

This paper provides new empirical evidence on the international co-movements of Finnish stocks. The vector autoregression (VAR) approach indicates that US and especially Swedish stock markets lead Finnish stock market returns by approximately one or two months. The results based on international market models indicate that the returns of individual Finnish stocks are significantly positively related to those of Sweden, while the relation between Finnish and US returns is significantly lower. The relation seems to vary clearly between industries, some industries being related to US markets as well. Significant time-series instability is reported in the results, however.     

中国对拉美直接投资的现状及发展问题研究

拉美地区已经成为中国对外直接投资的主要地区。中国企业投资计划准备不足,投资领域过于单一,产业分布相对集中,投资地区趋向集中,国别分布不均匀是中国对拉美地区直接投资的主要问题,因此,继续开拓多投资领域,规避投资风险,树立中国良好企业形象,加强中国政府对企业的扶持和引导,建立危机预警机制是进一步发展对拉美直接投资的策略选择。     

中国的国际贸易与外商投资(英文)

随着中国经济的发展,越来越多的外商决定来中国投资。通过使用波特的钻石理论来分析中国的市场,我们可以清楚的看到,中国的国际贸易与外商投资情况发展的很好。     

The heterogeneous effect of finance on international trade

Is the impact of financial development on international trade heterogeneous – being positive, negative or null – across manufacturing sectors? And is it dependent on the level of sectoral requirement on external finance for capital need? To examine these questions this article uses a panel trade database on 21 manufacturing sectors in 80 countries between 2000 and 2009. The analysis demonstrates that the effect of financial development on trade is indeed heterogeneous by estimating a coefficient for each sector and showing that the signs and significance levels vary across them. The article also demonstrates that sectors with strong reliance on external finance export higher volume from countries with developed financial system and that financial development reduces trade in industries with low financial dependence level.     

Volume XXXIV – 2000

In the attempt to deepen the understanding of Keynes' thought as an international macroeconomist, we explore the hypothesis of consistency between his general methodological approach to the economic material and his way of reasoning about international economic relations. As a first step toward this direction, we investigate the methodology of The Economic Consequences of the Peace and find that it reflects Keynes' attempt to cope with the attributes of the complexity characterizing the European settlement for the post-war period, e.g., 1) organic interdependence among variables at play, 2) irreducible dilemmas and situations of conflict, as well as 3) the need for external, public assistance to overcome the impasse and promote a "shared responsibilities" approach to the imbalances. Striking similarities appearing with the method of Keynes' economic diplomacy in the 1940s are shown to substantiate the current rediscovery of his plans for Bretton Woods.     

中国创意产品及创意相关产品的国际竞争力研究——基于RCA指数和TC指数的实证分析

根据联合国贸易和发展会议创意经济数据库2002-2010年的数据,分析了我国创意产品及创意相关产品的进出口额、国际市场份额及主要贸易伙伴,并对我国创意产品及创意相关产品的RCA指数和TC指数进行定量研究,发现我国创意产品及创意相关产品的国际贸易竞争力总体较强,但存在着出口市场过于集中、贸易结构较为单一和文化科技含量低、核心竞争力不足的缺陷,认为通过解放思想、创造宽容的文化氛围和创意环境,充分利用和开发我国丰富的历史文化资源、积极开展对外文化交流和不断开拓新的国际市场将有助于提高我国创意产业的发展以及创意产品和创意相关产品的国际竞争力.     

中国企业如何应对国外反倾销

中国目前是世界上遭受反倾销调查最多的国家和反倾销最大受害国。原因是国际市场竞争激烈使贸易保护主义重新抬头,国外对中国出口产品的不公正、歧视性待遇,中国出口的产品结构和市场结构不合理,国内企业出口秩序混乱,缺乏完善的信息预警机制和反倾销应诉机制等。中国企业应改变产业结构,使出口产品多元化;推动预警机制的建立及完善;培养市场中介组织,建立反倾销应诉基金;积极应诉保护市场,维护企业自身权益;加紧培养反倾销方面的专业人才;实施价格承诺,尽快中止反倾销调查;企业从容面对,据理力争,尽量避免被他国反倾销。     

Inquiry and Review of Dependence in Marketing Channels: An Economics of Exchange Approach

This article extends the economics of exchange for bilateral monopolists to more general situations in marketing channels, that is, exchange between two members with alternatives, by incorporating insights drawn from power-dependence theory, interdependence theory, and the concept of switching cost. It proposes a framework of three factors of channel dependence and reviews the literature on the operationalizations of channel dependence based on the framework. This study concludes that the approaches used by channels researchers, explicitly or implicitly, more or less, capture the three factors of channel dependence. It also notices weaknesses in some approaches, including missing important aspects of a factor, possibilities of inflating or deflating channel dependence, and falling short of being a one-dimensional construct. The article finally draws conclusions and reports implications from the findings of this inquiry and literature review.     

Customer Channel Preferences in the Finnish Banking Sector

Abstract

This research examined a survey of 3,000 and indepth interviews of 30 financial customers who provided information regarding their usage of, and attitudes towards, financial distribution channels. Improvements in technology are facilitating the development of alternative delivery methods and channels, and this paper examines the implications both for customers and for banks. This study looks at customers' behavior and links it with their usage of financial distribution channels to determine if there are particular behavioral segments of customers who exhibit similar patterns of access to financial services. This should enable financial institutions to more efficiently market their delivery of financial services.