Taxation, growth, and the spirit of capitalism

This paper uses a general two-sector model of endogenous growth to examine how the spirit of capitalism affects the relation between public finance and growth. The spirit of capitalism is defined as acquisitive personal objectives. We find that if the spirit of capitalism is present, an increase in the share of government spending in output reduces the long-run growth rate. The negative relationship between fiscal spending and growth is consistent with empirical evidence.     

The determinants of bilateral trade

Abstract.  In this paper we present a monopolistic competition model that incorporates asymmetric trade barriers and international differences in production costs. The model implies a highly non‐linear bilateral trade equation. Estimation of this equation yields parameters for the elasticity of substitution and trade costs that are more reasonable than those found in previous studies. A simulation indicates that trade liberalization will shift trade from rich countries to poor countries and from within continental trading partners with preferential trade agreements to intercontinental trading partners. JEL Classification: F1     

Do Gold Market Returns Have Long Memory?

This study examines the long memory behavior in gold returns during the post-Bretton Woods period using a new rescaled range technique. Unlike the conventional rescaled range analysis, the new rescaled range analysis is robust to short-term dependence and conditional heteroscedasticity found in the gold data. Statistical results suggest that the long memory behavior in gold returns is rather unstable. When only few observations corresponding to major political events in the Middle East, together with the Hunts event, in late 1979 are omitted, little evidence of long memory can be found.     

Comparing the Accuracy of the Minimum-Variance Grid Method to Multiple Regression in Appraised Value Estimates

The adjustment-grid method and the multiple-regression method are the two most frequently used techniques in the sales comparison approach. This paper demonstrates that although both techniques provide unbiased estimators, the minimum-variance grid estimator should result in a smaller standard deviation than the multiple-regression estimator. A technique is also derived to estimate the confidence interval or to perform hypothesis tests for the minimum-variance grid estimator.     

上市公司资产减值方向信息含量研究——来自沪深两市2003年的经验证据

我国新颁布的《企业会计准则第8号——资产减值》规定,存货等已确认的资产减值不得转回。针对新准则对资产减值单向计提的规定,本文从资产减值准备计提方向研究上市公司资产减值的信息含量,发现资产减值的计提方向存在信号显示作用。这表明资产减值准备方向传递了公司未来前景的信息,全面取缔资产减值准备的转回将减少资产减值的部分信息含量。     

刘勰《知音》的理论辨析

在被誉为"体大思精"的<文心雕龙>中,专文论及文学的批评与鉴赏问题的只有两篇,即<指瑕>和<知音>,其中<指瑕>主要探讨了文章在用词、文义、比拟、语音等方面的毛病,而因其在概念的厘定和指认诸问题上存在较多的偏颇和疏漏之处,在多个方面已被后世的文论家如纪昀、黄侃等质疑.<知音>提出了对作品采取"六观"说的鉴赏(批评)方法和对鉴赏者(读者)"操千曲而后晓声,观千器而后识器"的修养要求.<知音>因影响深远的"六观"说的提出,并且在理论上又具有比<指瑕>更为圆融的自洽性而占据了重要的位置.     

论信托业发展的四大优势

信托业是现代金融的重要组成部分,随着我国信托业有史以来最严峻的清理整顿工作的结束,信托投资公司将迎来广阔的市场空间和光明的行业前景。笔者认为,信托投资公司经过整顿后,具备了四大优势。 一、具有良好的政策环境和法律保障 我国信托投资公司已有20多年改革开放的发展历史,曾经为我国经济建设起到积极作用。然而,由于一直缺乏基本的业务规范和明确法律定位,     

数字信息资源的发展与图书馆期刊工作

本文分析了数字信息资源的发展给图书馆期刊工作带来的积极作用和压力，并探讨了数字信息资源的发展与改进图书馆期刊工作对策。     

天然气压缩因子对流量计量的影响

探讨了速度式和容积式流量计用于天然气计量时,天然气压缩因子对其计量结果的影响;同时也探讨了无压缩因子修正或修正不当而造成的二次仪表计量误差.     

城乡一体化进程中乡村土地利用效益评价

文章在实地(河北省邢台市)调研基础上,通过文献分析与成本分析相结合的方法对城乡一体化进程当中乡村土地利用效益进行系统的评价,并在此基础上揭示出目前我国在城乡一体化进程当中乡村土地利用过程当中存在的问题,并给予相应的建议。研究结果表明:我国城乡一体化进程当中,对我国乡村土地利用效益影响较大的主要因素有政府政策不合理、对于土地利用效益缺乏足够认识,这些原因直接导致在城乡一体化进程当中乡村土地耕地边际化现象严重、城市建设用地规模过大、土地生态效益低下及乡村土地配置不合理等现象的出现。基于对土地效益评价与我国目前乡村土地利用状况的深入分析,该文认为应从土地的经济效益、社会效益及生态效益对于目前城乡一体化进程当中存在的土地利用效益偏低的现象进行整改,例如提高土地的集约度,实行大规模的机械化生产进而提高土地的经济效益;通过合理规划商业用地、居民住房用地及农业用地的比例提高土地的社会效益;发展多种形式的生态养殖与特色旅游业促进土地生态效益的提高。