区域经济发展差距:新经济地理、要素流动与经济政策

改革开放后,中国区域经济发展差距主要表现为区域间差距的扩大,而非区域内部差距的扩大。这一现象的发生是多方面原因共同作用的结果:在新经济地理因素的影响下,具有区位优势的东部沿海地区吸引了中西部地区大量的生产要素进行跨区域流动,加上中央政府的政策导向作用,使得中国经济发展差距呈现出逐步扩大的趋势。因此,中央政府应该采取有力措施,以便在全国形成合理的区域分工,进而达到缩小区域经济发展差距的目标。     

Long-Term Performance Following Rights Issues and Open Offers in the UK

Abstract:  This study finds evidence of significant long-term underperformance following rights issues made during 1986-95 in the UK. The findings are resilient to a number of methodological controls. In contrast, our results for a smaller sample of open offers made during 1991-95 show strong positive performance over a 5-year post-issue period, implying that firms making open offers had better growth prospects than firms making rights issues. During 1986-90, a period when open offers were rarely used, firms appeared to be making rights issues to exploit overvaluation. However, this was not evident for rights issues made during 1991-95, a period when open offers were more commonly used.     

Stock Repurchase and the Role of Signaling： A Comparative Analysis between U.S. and China

This paper compares different methods used for stock repurchase and examines the role of signaling in the U.S. and China＇s capital markets. We find that the ways to buyback stocks are very different in the two countries. Most U.S. stocks are repurchased through open market and the signals sent to the market through open market repurchase are getting weaker. Even though stock repurchases are at their early stage in the Chinese stock market and the dominated way to buyback is through a negotiated repurchase agreement for non-floating shares, the power of signaling seems much stronger. Examining stock prices pre- and post-repurchase, we find that stock repurchase records an average abnormal return of 3.42% on the announcement date and 3.24% on the date of actual renurchase.     

基于引力模型的中美农产品贸易边境效应研究

针对中美两国在农产品贸易上的新变化,应用引力模型的派生模型——边境效应引力模型对中美两国农产品贸易的流量和流向进行理论和实证研究。首先介绍了边境效应引力模型基本模型的推导过程,并引入了调整模型。然后采用1987至2005年其中5年的截面数据进行计算,结果发现:中美农产品贸易的边境效应显著存在,且呈逐年下降趋势;两国之间的农产品贸易边境效应存在流向和区域上的差异;距离的平方并不影响模型的可靠性。     

大泵站超驼峰水位运行压缩空气断流系统的设计方法

阐述了压缩空气断流的原理，提出了压缩空气断流装置的一般构成和设计方法，首次应用气体喷射器作为压缩空气减压增量变换器，不但及时地增加了补气量，防止断流后流道压力的下降，而且大大减小了储气罐容积，使该项技术得以满足工程实际的要求，为同类泵站的技术改造     

挑坎型掺气减蚀设施过流掺气特性研究

采用一维激光测速系统，对掺气减蚀工程中常用的直线型挑坎的流场特性进行试验研究．通过测量挑坎上及空腔区水流的流速分布及紊动特性，探讨通气量与紊动强度的关系．同时在深入研究流场特性和掺气机理的基础上，通过分析影响掺气的因素，从理论上探求临界掺气流速的计算，重点分析挑坎型掺气过流在空腔负压较大的情况下，临界掺气条件的理论预测，并通过试验资料验证了该计算方法．在此基础上，还进一步研究了掺气量的计算公式及其变化规律．     

Closing small open economy models

The small open economy model with incomplete asset markets features a steady-state that depends on initial conditions and equilibrium dynamics that possess a random walk component. A number of modifications to the standard model have been proposed to induce stationarity. This paper presents a quantitative comparison of these alternative approaches. Five different specifications are considered: (1) A model with an endogenous discount factor (Uzawa-type preferences); (2) a model with a debt-elastic interest-rate premium; (3) a model with convex portfolio adjustment costs; (4) a model with complete asset markets; and (5) a model without stationarity-inducing features. The main finding of the paper is that all models deliver virtually identical dynamics at business-cycle frequencies, as measured by unconditional second moments and impulse response functions. The only noticeable difference among the alternative specifications is that the complete-asset-market model induces smoother consumption dynamics.     

论黄河三角洲流路演变及河口治理的指导原则

通过分析黄河三角洲流路演变中溯源堆积及溯源冲刷对典河下游河道影响的范围，幅度和作用历时，提出在黄河泥沙从根本上减少之前，河口治理的指导原则应是在有利于工农业发展和有利于防洪防凌前提下，有计划地安排河口流路。     

三维方腔流的混合有限分析解

本文建立了三维对流扩散方程的混合有限分析八点隐格式，并证明了它的基本数学性质。应用原函数法和交错网格技术给出了三维Ｎ—Ｓ方程的混合有限分析解法，计算了雷诺数Ｒｅ＝２０、５０和１００三种情况下的三维方腔内的流场，结果与已有计算成果一致。     

基于面积流测量原理的一种新型流量测量装置

流量测量装置在自动化系统中应用非常广泛,在热力发电厂中流体的流量直接反映负荷高低、工作状况和运行效率。基于不同测量原理的装置其应用场合也不尽一样,在风量控制领域近几年也出现了十几种形式各异的产品,各种产品都有其自身的优缺点。分析了各种装置的原理及优缺点,重点介绍了一种新型的基于面积流测量原理的测量装置。