The value of being precise

This study investigates how individuals assess imprecise information. We focus on two essential dimensions of decision under uncertainty, outcomes and probabilities, and their respective precision. We believe the precision of information is highly relevant in the investment setting, as reflected in the well-known “home (familiarity) bias”, and the outcome and probability dimensions, separately or jointly, may affect investors’ knowledge of uncertainty and perceived risk of the investment options, and subsequently affect investors’ choices. To test this conjecture, we conducted three experiments. Our results show that 1) participants demonstrate a pattern of preference for precision and aversion of extreme vagueness and associate vagueness with higher perceived risk and lower investment (experiments one and two); 2) participants prefer vague outcome information to vague probability information (experiment two); 3) familiarity indeed positively affects the precision of estimated values, but this association is stronger for the outcome dimension than for probabilities (experiment three). Our results confirm that precision in information, especially in the outcome dimension has an impact on investors’ resource allocation choices.     

How does distance affect market entry mode choice? Evidence from French companies

The objective of this article is to examine the relevant dimensions of distance for foreign market entry mode choice. Based on a sample of 203 interfirm linkages formed by French multinationals with partners across the world, we analyze the impact of four dimensions of distance on the choice between cooperative alliances and mergers-acquisitions. The findings indicate that administrative and economic distance have a significant influence on market entry mode choice, whereas the impact of cultural and geographic distance is not significant. They further highlight the important role of the host country's government effectiveness for market entry mode decisions.     

20年代初苏俄在外蒙古问题上的对华政策

20世纪20年代初期中苏建交谈判期间,苏俄从其自身国家安全利益出发,采取强行出兵外蒙追剿白匪和坚持长期驻军库伦的作法,来占有当时主权属于中国的外蒙古地区,在外蒙古问题上对华采取了大国沙文主义和民族利己主义政策.     

战后美国对外援助政策的历史考察

〕关于美国对外援助 ,学者在论述时 ,往往侧重于得出结论性的评价 ,如把美国的对外援助与人权外交结合起来 ,认为美国对外援助尤其是经济援助是推行人权外交的工具 ,体现了美国的霸权主义 ;也有一些学者认为 ,美国提出对外经济援助计划的主要目的是为了维护美国的经济、政治利益 ,它与人权外交的关系不大。美国对外援助政策的提出 ,是美国外交政策的重大突破 ,自此美国人的视野更加开阔 ,对外援助政策是实现美国世界霸权的工具 ,无论何时美国的对外援助政策都是为了维护美国国内经济的持续繁荣 ,国内政策的制定一直是美国政府的中心工作     

外商直接投资对我国三大都市圈技术外溢效应的比较研究

本文对外商直接投资在我国三大都市圈的技术外溢效应进行了比较研究,结果表明,外商直接投资在整体上对三大都市圈的技术外溢效应显著,但不同地区之间存在着明显的差别。三大都市圈应在不断加强对外商直接投资技术外溢的消化吸收能力的同时,注重提升本土的自主创新能力。     

How culture influences foreign trade: evidence from the U.S. and China

Using a gravity model of trade and the U.S. and Chinese panel data, I present evidence that supports the views that linguistic links have become more important in foreign trade than geographical proximity and that linguistic influence on trade is more significant in China than in the U.S. The estimated result based on a broad panel of economies shows little overall relation between religious similarity and foreign trade in both the U.S. and China. But there is an indication that the religious dissimilarity tends to retard foreign trade with poor countries and regions and to encourage foreign trade with richer places. I also found that, although religious retardation on foreign trade is more significant in China than in the U.S., religious dissimilarity tends to retard the US export more than that of China; by contrast, it tends to retard the Chinese import more than that of the U.S. At last, the socio-economic implications of the estimated results are discussed.     

陕西省自然、经济、社会条件及固定资产投资计划的调查分析

本文对陕西省自然、经济、社会条件及固定资产投资计划进行了分析 ,指出了陕西省的自然、经济、社会条件的优势及固定资产投资计划的特点。这对于陕西省政府有效实施其固定资产投资计划和实现其社会经济发展目标具有重要意义     

美国对外贸易政策的历史考察

自北美独立战争结束以来,美国的对外贸易政策大致经历了五个阶段.其中保护主义始终贯穿于美国的对外贸易政策之中.虽然自由贸易有时偶占上风,但这种所谓的自由贸易是有条件的、相对的,是美国打着"互惠、公平、非歧视"的幌子,欲抢占别国市场.为了实现大资产阶级利益的最大化,美国总是将贸易保护政策奉为圭臬,这一政策才是无条件的、绝对的.     

我国国民教育投资现状与对策研究

本文阐述了我国教育投资的现状及存在的问题,分析了我国教育投资不足的原因及制定教育投资政策的理论依据,并进一步提出建设适合我国国情的教育投资制度的思路和对策。