1981—2014年中国资本服务流量测算——基于截断正态退役分布和几何役龄效率剖面

通过梳理资本核算理论框架,结合中国实际情况测量了1981-2014年资本服务流量。资本分类、组合役龄效率-退役剖面计算、资本回报率确定和初始单位效率生产性资本存量估计等方面与既有研究有所不同。测量结果表明:按照1990年不变价格,各类资本服务流量呈增加趋势,其中无形资产服务流量前期较为波动;设备类服务流量增速最高;总资本服务增长率前期呈V型后期呈倒U型,与GDP增速变动不一致,整体来看前者高于后者;比较发现测量结果高于其它研究,差距先收敛后扩大。     

Backward capacity-filtering for electronics Fabs

In electronics Fabs such as semiconductor Fabs and liquid crystal display (LCD) Fabs, which are capital-intensive, finite-capacity planning is critical to achieving full-capacity production and on-time production. However, existing finite-capacity planning methods do not adequately reflect the actual capacity profiles of an electronics Fab. In this paper, we propose a new Fab-level capacity-filtering procedure to generate finite-capacity plan: a backward capacity-filtering procedure for generating finite-capacity release plan. When developing the Fab-level filtering procedures, we use stage-level capacity-filtering algorithms as a key building block. In this study, we enhance the previous capacity-filtering algorithms proposed by one of the authors in order to facilitate the practical requirements of electronics Fabs. We apply the proposed capacity-filtering method to a modern LCD–TFT Fab in Korea. Performance analyses demonstrate that the proposed method is superior to existing methods.     

Navigating health care: brokerage and access for undocumented Latino immigrants under the 2010 Affordable Care Act

ABSTRACT

Brokerage is a prominent mechanism that explains access for Latino immigrants to many American institutions. However, few studies examine the dual nature of brokerage in answering questions on access to health care for undocumented Latino immigrants. The growing importance of Federally Qualified Health Centers (FQHCs) and ethnic navigators connecting immigrants to health care under the 2010 Affordable Care Act calls attention to the duality of brokers and its role in access. The study draws from 44 in-depth interviews with providers, clinic directors, navigators, and immigrant patients and two years of fieldwork in FQHCs in California’s San Francisco Bay Area (2011–2013). Results show that brokers enable access through coaching and myth-busting but they also hinder it through scrutiny and bureaucratic filtering. The widespread dependence on brokerage, I argue, leads to ersatz brokerage, such as when providers navigate the health-care system for the undocumented without the appropriate linguistic resources or coordination. Furthermore, the study shows that the duality in brokerage generates misinformation, churning, and alienation. Understanding the relational processes that both include and exclude vulnerable populations from needed services enhances theories of immigrant integration and can help design more efficient policies and address inequalities related to documentation status.     

Can the minimum living standard guarantee scheme enable the poor to escape the poverty trap in rural China?

The rural Minimum Living Standard Guarantee (Dibao) Scheme is the most important social assistance programme in rural China. However, how the rural Dibao programme affects household expenditures and whether it can enable the poor to escape the poverty trap are questions that remain largely unexplored. This study used data from the 2012 Rural Household Survey in China to investigate the impact of the rural Dibao programme on household expenditures. We found that the programme significantly improved the well‐being of low‐income households. Particularly, the programme significantly increased household expenditures on housing, education and health; furthermore, the impact was greater for households with educated household heads. However, the programme did not significantly affect household expenditures on food, transportation or farming inputs. The results imply that participation in the rural Dibao programme induces household investment in human capital, which could help to break the inter‐generational transmission of poverty and raise long‐run welfare.     

The turn to optional familialism through the market: Long‐term care,cash‐for‐care,and caregiving policies in Europe

Cash‐for‐care (CfC) schemes are monetary transfers to people in need of care who can use them to organize their own care arrangements. Mostly introduced in the 1990s, these schemes combine different policy objectives, as they can aim at (implicitly or explicitly) supporting informal caregivers as well as increasing user choice in long‐term care or even foster the formalization of care relations and the creation of care markets. This article explores from a comparative perspective, how CfC schemes, within broader long‐term care policies, envision, frame, and aim to condition informal care, if different models of relationships between CfC and informal care exist and how these have persisted or changed over time and into which directions. Building on the scholarly debate on familialization vs. defamilialization policies, the paper proposes an analytical framework to investigate the trajectories of seven European countries over a period of 20 years. The results show that, far from being simply instruments of supported familialism, CfC schemes have contributed to a turn towards “optional familialism through the market,” according to which families are encouraged to provide family care and are (directly or indirectly) given alternatives through the provision of market care.     

Causal structure among US corn futures and regional cash prices in the time and frequency domain

This study investigates causal structure among daily Chicago Board of Trade corn futures prices and seven regional cash series from Iowa, Illinois, Indiana, Ohio, Minnesota, Nebraska, and Kansas for January 2006–March 2011. Their wavelet transformed series are further analyzed for causal relationships at different time scales. Empirical results indicate no causality among states or between the futures and a cash series for time scales shorter than one month. As scales increase but do not exceed a year, bidirectional causal flows are determined among all prices. The information leadership role of the futures against a cash price is identified for the scale longer than one year and raw series, at which no interstate causality is found.     

生产还是消费——中国股市生产资本资产定价模型实证检验

生产资本资产定价模型从企业利润最大化角度出发,推出资产的均衡价格.相较于消费资本资产定价模型,生产资本资产定价模型能更好的满足信息完全和决策者理性的假设条件.本文从生产资本资产定价模型出发,利用现值模型将生产的系统性风险因子,即生产的贝塔因子分解为现金流贝塔和折现率贝塔,并采用社会总投资和股市数据进行实证检验.本文发现生产-现金流贝塔是中国股市的重要定价因子,可较好地解释股权溢价的截面差异.相比之下,消费资本资产定价模型对不同资产之间风险溢价的解释能力较弱.     

胡尖山地区长 6、长 4+5 储层有利区预测

摘要：以胡尖山油田长 6、长 4+5 油藏为例，综合应用地质资料、岩芯分析资料、测井资料以及试油资料，开展了长 6和长 4+5 油藏小层划分和对比、单井相分析，建立测井相识别模式，编制小层沉积相平面展布图，进而分析沉积相演化规律；探讨储层砂体展布以及物性分布规律，从而深入认识研究区的储层特征。在此基础上对储层进行流动单元的划分，然后结合试油资料对胡尖山油田长 6、长 4+5 油藏的储层进行有利区域的预测，为油田待开发区域的合理建产开发提供了理论指导     

现金流量表分析切合点的现实思考

现金流量袁是财务报告的三张基本报表之一，通过现金流量表，可以概括反映经营活动、投资活动和筹资活动对企业现金流入流出的影响。对现金流量表的分析，既要掌握该表的结构及特点，分析其内部构成，又要结合固定付现费用的支付能力、企业资金来源比例和再投资能力进行综合分析，以求全面、客观地评价企业的财务状况和经营业绩．从而帮助投资者与债权人是否进行投资提供决策依据。     

Bayesian elastic net single index quantile regression

Single index model conditional quantile regression is proposed in order to overcome the dimensionality problem in nonparametric quantile regression. In the proposed method, the Bayesian elastic net is suggested for single index quantile regression for estimation and variables selection. The Gaussian process prior is considered for unknown link function and a Gibbs sampler algorithm is adopted for posterior inference. The results of the simulation studies and numerical example indicate that our propose method, BENSIQReg, offers substantial improvements over two existing methods, SIQReg and BSIQReg. The BENSIQReg has consistently show a good convergent property, has the least value of median of mean absolute deviations and smallest standard deviations, compared to the other two methods.