SHORT‐RUN POLICY COMMITMENT WHEN INVESTMENT TIMING IS ENDOGENOUS: ‘MORE HARM THAN GOOD?’

In our model, firms choose when to set cost‐reducing investment and the government, which only has short‐run commitment power, sets an output subsidy. We show that firms that delay investment without government intervention have an incentive to invest early under policy activism, strategically underinvesting or overinvesting to obtain larger subsidies. The policy scheme thus creates a new, potentially more harmful, distortion. Under oligopoly, a firm has a weaker incentive to manipulate policy than under monopoly, which makes policy intervention less harmful. We investigate when the government may do better by adhering to laissez‐faire than by engaging in active policy intervention.     

“以创补失论”在陕北民歌中的运用

“以创补失论”是著名翻译家许渊冲教授在其《唐诗英译百论》的序言中提出的翻译理论。本文结合其在陕北民歌中的具体运用，对如何“创”作出具体阐释。并以此论对南开大学王宏印教授等诸多老师的翻译，主要是在方言词语的处理问题上进行分析。希望能为陕北民歌的翻译提供借鉴。     

ECONOMIC IMPACTS OF INCREASED MEXICO-U.S. LABOR MOBILITY: A Computational General Equilibrium Analysis

ABSTRACT

China has emerged as the fastest-growing economy in the world. In this context, I discuss the antecedents, characteristics, and consequence of China’s rise in the world economy with reference to the “four W” framework (What, When, Where, and Why). This article provides insights into the role of exports and FDI in China’s rise. Theoretical as well as real-life factors contributing to this success are also listed. Comparative analysis with other emerging countries, such as India, is provided. In addition, directions for future research are outlined.     

Investigation of the “China effect” on crowding out of Japanese FDI: An industry-level analysis (1990–2004)

This paper applies a dynamic panel model to investigate whether China is crowding out Japanese foreign direct investment (FDI) from other economies of Asia. We examined this with industry-level data on Japanese FDI flows into Asian economies. In order to deal with possible problems of serial correlation and endogeneity, we estimated coefficients using a difference and system generalized method of moments to examine the “China effect” on industries. We found a significantly high degree of crowding out effect by China on its Asian counterparts. Among twelve industries, a crowding out effect was found in nine industries, including electrical &; electronics—the biggest industry for Japanese FDI. However, a complementary effect was found in two industries, one of them being transport, which is the second biggest industry for Japanese FDI. We conclude that while China's rise is a prominent threat for the region, it could be transformed into an opportunity in vertically fragmented industries.     

金融业外商直接投资对发展中东道国金融体系效率的作用机理分析

外资金融机构本身的高效率运作及其对内资金融机构的竞争与技术溢出是改善东道国金融体系效率的主要传导路径。外资金融机构具有较高的经营效率,有利于促进当地金融市场的发育,而金融业外商直接投资带来的竞争和技术溢出更有利于促进当地金融体系效率的提升。外商直接投资尽管对东道国金融体系效率存在诸多积极效应,但消极影响也不容忽视。     

外商对华投资发展历程及在华四大经济区域投资差异分析

基于1992-2011年外商在华投资数据，阐述在华投资经历的四个阶段，从我国东部、中部、西部和东北四大经济区域看，各区域在外商投资企业数量和外商投资总额上存在着巨大差异，区域投资严重失衡。这主要是由于政策战略导向作用、区位差异和投资回报率存在差距造成的。提出加强人力资源队伍建设，充分利用区域资源优势吸引外资，不断完善引资政策等对策建议。     

基于因子分析的广东房地产上市公司盈利能力评价

上市公司盈利能力受到企业经营者、投资者、债权人等各利益相关者的关注，因此对其进行评价有利于各利益相关者的有效决策。该文在建立盈利能力评价指标体系的基础上，应用SPSS因子分析法对广东省19家房地产上市公司进行了盈利能力评价研究，结果表明各房地产上市公司的赢利能力的差异主要是由于资本资产的经营盈利能力所引起的。     

检察机关参加行政诉讼制度之构建

提起公诉和参加诉讼是检察机关介入行政诉讼的两种主要方式。本文阐述了检察机关参加行政诉讼制度之实质并在案件范围、司法程序等方面系统构建了检察机关参加行政诉讼制度。     

业主现场管理的成本控制分析

房地产开发项目建安成本控制主要从两方面进行控制,一方面指控制固定成本,另一方面指控制可变成本.通过对某房地产公司已开发项目建安成本现场控管的得失并结合行业情况进行分析总结.     

糖料生产的扶持政策因应:滇省例证

近年来,国内糖料价格连年大涨,但价格上涨并未带动糖料产量增加,国内糖料生产反而连年下滑,食糖产量快速下降,糖价持续高涨,进口食糖量、价均创历史新高,形势较为严峻。对第二大糖料主产区云南省进行的专题调研表明,应通过大力开展甘蔗高产创建活动、积极推广机械化、给予糖料同等支持、加大对境外糖料甘蔗替代种植的支持和进一步完善糖蔗价格联动机制等加大对糖料生产的支持力度。