Globalization frustrated: The case of white goods

This paper challenges the common view that mature industries are always ripe for global strategies. Based on data from the European Domestic Appliance industry, this paper shows how changing economic conditions can diminish the value of global strategies. Critical in these shifts were simultaneous rises in demand for variety (that eroded the benefits of scale and continental market share) and decreases in manufacturing scale (that permitted new supply options), which reduced the extent of the strategic market to national dimensions. They added complexity that decreased the profitability of the global players and increased that of national strategies. The fluctuating fortunes of leading firms are shown to have been caused primarily by choices of strategy, not by national factor costs.     

Polyhedral Combinatorics in Combinatorial Optimization

Polyhedral combinatorics is a subarea of combinatorial optimization of increasing practical importance. It deals with the application of the theory of linear systems and linear algebra to combinatorial problems. The paper is not intended as a survey on polyhedral combinatorics but it reviews some of the main concepts and proof techniques.     

浅议我国商业银行中间业务的法律风险与防范对策

商业银行中间业务的开展对促进商业银行提高经营效益、降低银行风险，以及实现可持续发展等方面发挥了重要作用。然而现阶段我国商业银行发展中间业务时面临诸多法律风险，如立法上的缺陷、法律的滞后性等。因而，应积极制定有关法律、法规，适度监管，为商业银行中间业务的开展营造良好的法律环境。     

论货币供应量作为我国货币政策中介目标的有效性

本文把理论分析与实证分析相结合,运用协整检验、VEC模型和方差分解方法分析了1996年以来我国货币供应量、物价和产出的季度时间序列,论证了货币供应量与物价、产出间具有较强的相关性。从货币供应量的构成分析,基础货币具有较强的可控性;货币乘数可控性较差,但对货币乘数可以利用ARMA模型进行较为准确的预测。由此,本文得出的结论是货币供应量具有较强的可控性,从而有理由认为,货币供应量作为我国货币政策的中介目标在现阶段仍然是有效的。     

基于复杂性科学观的区域创新网络研究

复杂性科学打破了新古典经济学的简单性、稳定性和线性的均衡范式,开创了一种建立在复杂性、动态性和非线性基础上的演化范式。区域创新网络由于具有非线性、动态性和不可逆性等特征,更适合纳入到复杂性科学的范式中来研究。根据区域创新网络的复杂性特征,归纳出其实质上是一种复杂性适应系统,进而运用复杂性科学对其进行了阐释,最后得出了基于高新区培育和发展区域创新网络的几点启示。     

复杂性科学观下的高科技企业成长机制与成长指数设刮

复杂性科学打破了线性、均衡、简单还原的传统范式，开创了一种非线性、演化、复杂系统的新范式。高科技企业的成长由于具有非线性、动态性和自组织等复杂系统的基本特征，更适合于纳入到复杂性科学的新范式中研究。本文从高科技企业成长机制的复杂性特征入手，分析其成长机理，构建高科技企业适应性成长机制模型，并采用成长指数对高科技企业成长性进行评价，试图进行这方面的一些开创性研究。     

论利率管制与货币供给量中介目标之间的矛盾

本文从货币当局无力同时控制利率和货币供给量的角度出发,探讨了利率管制与货币供给量中介目标之间的矛盾;分析了利率管制条件下,以货币供给量为货币政策中介目标,货币政策效果不佳,即实际货币供给量偏离中介目标货币供给量以及实际收入水平偏离最终目标收入水平的深层原因;指出了近年来我国货币供给量中介目标效果不佳,从根本上来说,是由我国客观存在的利率管制和货币供给量中介目标之间的矛盾造成的,是这种矛盾的必然结果.     

Diversification and sophistication of livestock products: The case of African countries

This study assesses the level of sophistication of livestock products in Africa by evaluating technology intensity and economic complexity of each product. Using trade data from 1995 to 2012, livestock commodity exports are classified based on technology intensity. Employing a method of reflection in computing the economic complexity of export products, we find that one fifth of African livestock commodity exports are manufactured with low technology while the rest is composed of raw materials. The results also show that the ten most complex livestock commodities represent about a third of African livestock total exports while the world level is almost double this figure. Yet African countries spend a huge share of their wealth on importing complex products. The results imply that by exporting non-complex products Africa loses nearly a third of the total value of its livestock exports. To boost the value of livestock products, African countries should exploit their untapped potential while securing the domestic market to achieve import substitution. This can be done by integrating with global value chains or developing niche markets at the regional or international markets and improving productive capabilities.     

Subsidiary-specific advantages for inter-regional expansion: The role of intermediate units

This paper explores the distinctive deployment of resources and capabilities by subsidiaries in order to develop an intermediate role within the MNC. Based on the regional management perspective, we focus on a specific intermediate role—the springboard subsidiary—that helps overcome the liability of inter-regional foreignness. Our results, which are based on a dataset covering 188 subsidiaries, show that the probability of taking on this role is contingent upon experiential knowledge about the target region, as well as a rich knowledge base derived from a wide range of activities and a broad geographical scope. Our findings also show that possession of slack resources does not necessarily mean that a subsidiary will take on this role, as such slack must be combined with experiential knowledge. This paper serves as a first step in helping MNCs plan resource allocation to handle inter-regional expansion.