国外创业者的10大谎言

下面是一个国外的投资人写的文章,面对创业者,什么样的谎言骗不倒他呢。     

International Joint Venture And Host-Country Policies

In the presence of international joint ventures, effects of policies like foreign equity cap, trade protection and domestic resource requirement restriction towards equity sharing and welfare are analysed. Foreign equity cap reduces host country's welfare. Trade protection lowers equity share for the local firm. It has a first-order source of welfare gain as the internal efficiency of the firm improves. Also, there is a first-order loss resulting from a leakage effect, since a part of the surplus goes to a foreign firm. A marginal domestic resource requirement restriction enhances the joint surplus of the venture and social welfare.     

A consistent nonparametric test for nonlinear causality—Specification in time series regression

Since the pioneering work by Granger (1969), many authors have proposed tests of causality between economic time series. Most of them are concerned only with “linear causality in mean”, or if a series linearly affects the (conditional) mean of the other series. It is no doubt of primary interest, but dependence between series may be nonlinear, and/or not only through the conditional mean. Indeed conditional heteroskedastic models are widely studied recently. The purpose of this paper is to propose a nonparametric test for possibly nonlinear causality. Taking into account that dependence in higher order moments are becoming an important issue especially in financial time series, we also consider a test for causality up to the Kth conditional moment. Statistically, we can also view this test as a nonparametric omitted variable test in time series regression. A desirable property of the test is that it has nontrivial power against T^1/2-local alternatives, where T is the sample size. Also, we can form a test statistic accordingly if we have some knowledge on the alternative hypothesis. Furthermore, we show that the test statistic includes most of the omitted variable test statistics as special cases asymptotically. The null asymptotic distribution is not normal, but we can easily calculate the critical regions by simulation. Monte Carlo experiments show that the proposed test has good size and power properties.     

A Microsimulation Model for Projections of Japanese Socioeconomic Structure

The Integrated Analytical Model for Household Simulation (INAHSIM) is a microsimulation model for the Japanese population that was first developed in the 1980s as a tool for household simulation. This study attempted to improve the conventional INAHSIM in order to construct a more comprehensive alternative that incorporates a larger number of social and economic elements. It also overcame the problem for simulation—the lack of kinship relations in the initial population—by imputing parent-child relationships between those parents and children who do not live together. This paper provides an overview of INAHSIM and adds certain details of the imputation that is essential for simulating the life event of “adult children resettling to care for their aged parents.” In addition, I will show the importance of the said life event in Japan by comparing the difference in the family type of elderly people between its future distribution with or without this life event. Finally, I will discuss the future possibilities for research on microsimulation models that will play an important role in policy making.     

Dynamic Microsimulation Modeling for Policy Support: An Application to Belgium and possibilities for Japan

This paper provides an overview of dynamic microsimulation modeling as well as its recent developments. It then discusses in detail a recent trend in microsimulation research, which uses alignment methodologies to simulate microsimulation models in conjunction with macro-economic models. The goal of this ??top down-integrated approach?? is to jointly assess the budgetary costs of demographic ageing and pension reform, as well as their consequences on the adequacy of pensions. This paper then discusses, also in detail, how such an integrated approach using shared demographic and macroeconomic assumptions has been developed in Belgium. It describes the dynamic microsimulation model MIDAS, highlighting how it aligns to the simulation results of the semi-aggregate model MALTESE. Finally, this paper suggests that the joint assessment using the joint application of two similar models might be useful to assess pension reform in the Japanese context.