LINKAGES: DO FOREIGN FIRMS BUY LOCALLY IN TAIWAN?*

Linkages are important potential impacts of DFI upon host economies. Since these potentialities are not necessarily realized, we must separate the potential (ex ante) and actual (ex post) results of these effects. Empirical data for Taiwan in the 1970s show that DFI may tend to concentrate in industries with strong backward linkages. More significantly, DFI located in EPZs or controlled by non-Chinese investors had a clear tendency to import more and, hence, to form enclaves. However, this group of firms greatly improved its procurement policies over time. Thus, while discernible in the short run, the enclavistic phenomenon linked to DFI becomes insignificant in the long run, as shown by Taiwan's experience. Needless to say, the gradual rise of the local content rate of foreign firms is in line with successful development of the local material industries in Taiwan in the 1970s (Schive, forthcoming). In addition to the time factor, several firms specific factors such as foreign ownership structure, export propensity, status as a producer of either final or intermediate goods, status as a “neighboring” or “distant” investor, and the scale of operation all have a bearing on foreign firms' local purchasing behavior. To determine whether these findings pertain to Taiwan only, further country comparative studies are needed.     

稳健货币政策下中小企业融资研究

货币政策的收紧使得中小企业不仅面临融资难、也伴随融资贵的局面.针对当前我国中小企业融资的基本特征,本文剖析了银行信用、商业信用、企业直接信用和民间信用4种模式的特征以及选择依据,以及创新型的贷款担保运作的桥隧模式和路衢模式,提出了政府与市场在相应信用模式与担保模式下的组合措施,进而建立突破中小企业融资困境的基础平台.     

物料配比中的微机控制系统

介绍了由微机、ＡＤＣ芯片、Ｉ／Ｏ芯片及其他辅助芯片来实现颗粒物料配比的一种方法。     

Dynamic capabilities and radical innovation performance in established firms: a structural model

The paper extends Teece’s model of dynamic capabilities (2007 Teece, D. 2007. “Explicating Dynamic Capabilities: The Nature and Microfoundations of (Sustainable) Enterprise Performance.” Strategic Management Journal 28 (13): 1319–1350. doi: 10.1002/smj.640[Crossref], [Web of Science ®] , [Google Scholar]) into four types of capabilities: sensing, coordination, autonomy and reconfiguration capabilities. We further develop a structural model between four types of dynamic capabilities and radical innovation performance (RIP) in established firms. Based on a dataset of top 500 manufacturing established firms in Taiwan, the proposed hypotheses are tested using the structural equation models. The results reveal that four types of dynamic capabilities and RIP are positively correlated in a sequential and structural manner. This paper concludes the systemic development of dynamic capabilities can improve RIP in established firms. Finally, we point out some managerial implications for improving RIP in established firms.     

Is there a role for uncertainty in forecasting output growth in OECD countries? Evidence from a time-varying parameter-panel vector autoregressive model

This paper uses a time-varying parameter-panel vector autoregressive (TVP-PVAR) model to analyze the role played by domestic and US news-based measures of uncertainty in forecasting the growth of industrial production of 12 Organisation for Economic Co-operation and Development (OECD) countries. Based on a monthly out-of-sample period of 2009:06 to 2017:05, given an in-sample of 2003:03 to 2009:05, there are only 46% of cases where domestic uncertainty can improve the forecast of output growth relative to a baseline monetary TVP-PVAR model, which includes inflation, interest rate and nominal exchange rate growth, besides output growth. Moreover, including US uncertainty does not necessarily improve the forecasting performance of output growth from the TVP-PVAR model which includes only the domestic uncertainty along with the baseline variables. So, in general, while uncertainty is important in predicting the future path of output growth in the 12 advanced economies considered, a forecaster can do better in majority of the instances by just considering the information from standard macroeconomic variables.     

论金融危机下中国企业家的作为与责任

面对国际金融危机,作为领军人物的企业家应增强必胜的信心,不断提升素质与能力,切实履行社会责任,保持健康向上的心态,勇于承担责任,完成历史赋予中国企业家的使命。     

复方坦索罗辛非那雄胺胶囊的含量测定方法研究

目的探讨复方坦索罗辛非那雄胺胶囊的制备和质量控制。方法将非那雄胺和微晶纤维素混合后与溶解有坦索罗辛的乙醇溶液混合制粒装入胶囊中。盐酸坦索罗辛的含量测定采用高效液相色谱法,色谱柱为KromasilC18柱(250mm×4.6mm,5μm),流动相为乙腈-0.2mol.L-1磷酸二氢钾-0.2mol.L-1磷酸盐溶液=5:7:7(v/v),流速为1mL.min-1,柱温为30℃,检测波长225nm。非那雄胺的含量测定也采用高效液相色谱法,色谱柱为WatersC18柱(250mm×4.6mm,5.0μm),流动相为甲醇-水(75:25),流速为1mL.min-1,检测波长220nm。结果结论所用方法简单,易于操作,含量测定方法简便、准确、回收率高,可用于复方坦索罗辛非那雄胺胶囊的质量控制。