我国房地产业与宏观经济运行状况互动研究

本文基于协整理论、VAR模型等方法,通过对国房指数和宏观经济景气指数数据的计算和分析,探讨了我国房地产业发展与宏观经济运行状况的关系及其之间的影响机制等问题。首先通过单位根检验、协整检验等方法,发现国房指数和宏观经济景气指数间存在长期协整关系,且宏观经济景气指数对国房指数具有单向因果关系;其次通过脉冲反应和方差分解,进一步得到相互影响关系的反应强度、变化规律等,并研究了不同结构冲击的影响程度;最后建立VEC模型,发现长期趋势的偏离在短时间内可以得到修正且修正作用明显,宏观经济景气信息对房地产市场的影响较为迅速。     

Bootstrap Determination of the Co‐Integration Rank in Vector Autoregressive Models

This paper discusses a consistent bootstrap implementation of the likelihood ratio (LR) co‐integration rank test and associated sequential rank determination procedure of Johansen (1996). The bootstrap samples are constructed using the restricted parameter estimates of the underlying vector autoregressive (VAR) model that obtain under the reduced rank null hypothesis. A full asymptotic theory is provided that shows that, unlike the bootstrap procedure in Swensen (2006) where a combination of unrestricted and restricted estimates from the VAR model is used, the resulting bootstrap data are I(1) and satisfy the null co‐integration rank, regardless of the true rank. This ensures that the bootstrap LR test is asymptotically correctly sized and that the probability that the bootstrap sequential procedure selects a rank smaller than the true rank converges to zero. Monte Carlo evidence suggests that our bootstrap procedures work very well in practice.     

金融深化与经济增长：西部地区“悖论”的实证

西部地区的金融深化似乎并没有有效促进该地区的经济增长,运用协整理论、误差修正模型和格兰杰因果检验实证分析的结果也表明西部金融深化与经济增长之间确实存在着“悖论”。“悖论”出现的原因是西部地区金融深化难以有效积累资本,并且该地区经济投资效率低下。必须积极推进西部金融体制改革,提高西部金融业的运作效率。加大对西部地区的财政金融支持力度,提升西部产业结构层次,大力发展非国有经济,才能使西部金融深化有效促进该地区经济增长。     

Predicting Children's Prosocial and Co‐operative Behavior from Their Temperamental Profiles: A Person‐centered Approach

The goal of this study was to examine how aspects of self‐regulation and negative emotionality predicted children's co‐operative and prosocial behavior concurrently and longitudinally using the National Institute of Child Health and Human Development (NICHD) Study of Early Child Care and Youth Development. Mothers completed measures of children's temperamental proneness to negative emotionality and self‐regulation at 54 months. Teachers and parents completed measures of children's co‐operative and prosocial behavior at 54 months, first grade, and third grade. A latent profile analysis of the temperamental variables revealed four profiles of children: those high in regulation and low in negative emotionality, those moderate in regulation and moderate in negative emotionality, those low in regulation and high in negative emotionality, and finally those who were very low in regulation but high in anger emotionality. Generally, children with profiles that were high or moderate in terms of regulation and low or moderate in terms of negative emotionality were rated as the most prosocial and co‐operative. Children with profiles that were less well regulated and who were high in negative emotionality (particularly anger proneness) were rated as less co‐operative and prosocial by parents and teachers.     

Open Data on a Closed Shop? Assessing the potential of transparency initiatives with a focus on efforts to strengthen capacity development support

Despite strong political commitment, actual gains in improving accountability in development co‐operation have been limited. Main reasons for this include the low level of transparency and high number of actors, as well as the limitations of the self‐reported and input‐oriented OECD reporting system. Efforts through the International Aid Transparency Initiative (IATI) and related transparency initiatives are ill‐equipped to change this given their decision to adhere to the same system. This article uses the specific area of support to capacity development to illustrate this. While further disaggregation of reporting on technical co‐operation could respond to a transparency gap, overcoming the accountability gap requires moving beyond promoting ‘supply‐side’ reform and re‐engaging in efforts to promote collective action.     

Promoting sustainable development through civil society: A case study of the EU’s NSA/LA thematic programme in Kyrgyzstan

The article focuses on the contribution of the European Union (EU) in promoting sustainable development through the involvement of civil society in partner countries. More specifically, it analyses the main features and outcomes of the projects implemented by civil society organizations (CSOs) in Kyrgyzstan under the EU thematic programme Non‐State Actors and Local Authorities in Development (NSA/LA). Despite its importance—this is the only EU programme providing direct support to non‐state actors and local authorities engaged in poverty reduction—to date, there has been very little research on the functioning of this instrument on the ground. This article seeks to fill this gap in the literature by examining the EU’s contribution to sustainable development through a case study on Kyrgyzstan. The study is based on primary data: 10 semi‐structured interviews conducted with the EU‐funded organizations implementing the NSA/LA programme. The NSA/LA projects were analysed by considering two major fields of engagement of non‐state actors in the development process: as service providers and as advocates (Banks & Hulme, 2012). Overall, the organizations awarded EU support were not only focused on fulfilling short‐term needs but also sought to introduce new ways of dealing with poverty and inequality, positioning themselves between the “Big‐D” and the “little‐d” approaches to development (Bebbington, Hickey, & Mitlin, 2008). Nonetheless, the EU‐funded projects were too limited and fragmented to be able to sustain long‐term structural change. Therefore, the EU should place new emphasis on creating synergies between new and old structures at the grassroots level and establishing mechanisms and bodies that could merge and co‐ordinate their efforts. In addition, the calls for proposals could highlight the need to share the lessons learnt by “obliging” the beneficiaries to act as multipliers and to pass on their positive experience to neighbouring communities. Finally, the EU could stimulate the funded organizations to experiment with innovative mechanisms of involvement in the policy‐making process, by making this aspect a mandatory requirement of the projects implemented with its support.     

Young People as Co‐producers in Policing across England. An Evaluation of the ‘Youth Commission’ on Police and Crime

This paper discusses a recent study on three ‘Youth Commission’ on police and crime projects. Professional viewpoints were interpreted to understand how they valued young people's participation and made sense of their experiences and capabilities. Framed within policing reforms, the ‘Youth Commission’ projects regard young people as co‐producers, who work in partnership with professionals to address police and crime issues. The focus is upon professionals and their relationships with young people for transformative participation and social outcomes. Working in partnerships showed interdependency but identifies further challenges if professionals do not truly value young people's participation.     

Follow the leader! The peer effect in aid supply decisions

This study assesses the existence of imitative behaviour among donors in terms of their aid supply. The urgency in addressing this subject is motivated by an increasing degree of aid volatility and unpredictability which may be linked to this imitative behaviour. Our results highlight that while any connection among donor peers is a potential channel for the transmission of aid volatility, the extent of such volatility decreases significantly in the presence of established imitative behaviour. This result suggests that the promotion of donor imitative behaviour would contribute to containing the current and growing trend of volatility in aid supply.     

Institutional Diversity and Performance in African Cotton Sectors

This article analyses the performance of cotton sectors across East, Southern, and West Africa, paying particular attention to the wide diversity of institutional arrangements that they now exhibit. It finds strong support for earlier contentions regarding trade‐offs between competition and coordination, and between the roles of public and private sectors. New insights provide concrete and context‐specific guidance to policy‐makers and stakeholders regarding the key challenges they will face and the risks they will need to manage as they work to improve productivity and ensure an equitable division of benefits within cotton sectors.