近期债券市场基本面分析与展望

该文认为，外需放缓导致国内经济增速放缓，年内通货膨胀将呈前高后低走势，1季度将成为通胀高点，加息概率依然较大，短期内债券市场将维持当前的震荡格局，但仍不失资金配置良机，相对而言，长期国债，短期融资券的投资价值较大。     

关于完善山西农村养老保障制度的思考

由于计划生育政策的实施和山西经济的发展,山西农村人口发展呈现出了老龄化、流动人口增多等新特点,这对山西的社会保障制度提出了新的挑战和要求.因此,尽快建立健全农村计划生育养老保障制度,并将其纳入社会保障体系,就成为山西社会保障制度完善过程中必须考虑的重要课题.以山西农村人口发展特点对社会保障制度提出的新要求为起点,提出了现行农村计划生育养老保障制度存在的不足和完善建议.     

建设自由贸易港区与国家综合配套改革试验区

综合配套改革这一全新的改革思路和理念的提出,为建设自由贸易港区提供了条件。同时,自由贸易港区的建设,也赋予了综合配套改革以新的特征。当前,上海浦东新区、深圳特区和天津滨海新区应当充分利用综合配套改革的政策优势,在外汇政策、贸易政策、税收政策、行政管理体制等各个领域进行政策调整和制度创新,积极稳妥地推进自由贸易港区建设。     

现代西方资本结构理论对中国的政策启示

MM理论的提出奠定了现代金融学和理财学的基础，但由于该理论众多假设条件及经济社会的不断变化，使其存在一些缺陷或局限性。随后的经济学家们对MM理论的不断修正使其得到了进一步的发展和完善，对中国上市公司健康发展和资本市场的进一步完善具有重要的政策启示。     

The Influence of Socioeconomic Factors on Economic Growth

The main goal of this paper is to analyse the relationship between social capital and economic growth taking into account the role of fiscal policy from theoretical and empirical points of view. To achieve this goal, “Human Capital and Public Capital Effects on Economic Growth” is focused on the effects of two traditional factors: human capital and public capital effects on economic growth. “Social Capital Effects on Economic Growth” considers qualitative variables introducing some socioeconomic effects on economic growth process analysis. In this case, social capital the main variable will be considered. “Empirical Analysis,” an empirical analysis is developed considering the case of European countries prior to the EU enlargement. Finally, in Conclusions,” the main conclusions will be resumed.      

A simple model of macroeconomic policy

This paper develops a simple model of macroeconomic policy in which the government minimizes a loss function with inflation and unemployment as arguments, subject to a Phillips curve constraint. The model is solved and a discrete time approximation taken. The model's empirical predictions are derived and some test results are presented.     

Instability in the dividend policy of the Istanbul Stock Exchange (ISE) corporations: evidence from an emerging market

Dividend policy behaviour of corporations operating in emerging markets is significantly different from the widely accepted dividend policy behaviour of corporations operating in developed markets. This study provides evidence from the Istanbul Stock Exchange (ISE), an emerging European stock market, and analyses empirically whether the ISE corporations follow stable cash dividend policies in a regulatory environment that imposed mandatory dividend policies. Unlike the empirical results supporting the stable dividend policy behaviour of corporations operating in developed markets, the empirical results show that the ISE corporations follow unstable cash dividend policies and the main factor that determines the amount of cash dividends is the earnings of the corporation in that year.     

中国产业内贸易的产生机理与政策建议

本文通过产业内贸易成因理论分析了我国产业内贸易产生机理的特殊性。通过构建更加贴近中国国情的产业竞争度模型，来解释中国产业内贸易产生的机理。并以此为基础，提出了发展中国产业内贸易的政策建议。     

A protectionist foodgrain price policy : The case of rice in Panama

Panama has pursued a protectionist price policy for rice, with domestic prices well above the world market level. The government marketing authority purchases sufficient rice to support the established price level and stores or exports the surplus. Although producers benefit, this policy imposes significant costs on consumers, government expenditures and economic efficiency. One policy recommendation is to bring domestic prices in line with the international level. Although free trade is one possibility, a market stabilization programme could be retained. At a minimum Panama's rice price should reflect domestic demand and not production costs. The unfavourable rice-fertilizer price ratio also deserves attention.