2005, Vol. 18 No.2
Publication date: 25 June 2005
By applying the trans-log indices, this paper attempts to make a quantitative r e search on the growth rate of labor input in China during the period between 1987 and 2000. On the basis of employment database and that of labor payment in four benchmark years classified by trade, sex, age, educational background and occup ation, we have generated a set of trans-log indices of the growth rate.
This paper deals with an empirical research on the tournament in China's fund in dustry and demonstrates that performance ranking does provide some overall impli cit incentives for fund managers, which results in the fact that "losers" wil l face more chances of risks in ratio adjustment, specifically, the "adjustme nt ratio" for the interim losers will be greater than that for the interim winn ers. The investigation further shows that this trend is more likely to hold for small and new funds than for those large and more established ones, and it's mo re evident in open-ended fund than in close-ended fund management.
Sampling the daily market index returns on stock market in the cities of Shang- hai and Shen-zhen from 1997 to 2001, this paper examines the relationship betw een the weather effect and the daily returns. The survey reveals that sunshine i s closely correlated to market returns. Considering that the investment strategy can yield an economically mild sharp statistic increase, substantial applicati on of weather-effect strategies is only profitable to dealers with low transact ion expense,which is difficult to interpret within a fully rational price setti ng.
With the arrival of the information age, enterpris es are increasingly using computer-mediated communication ways in their routine business and the traditional ways of communication, mostly face to face communi cation, are to some extent overlooked. This paper studies the effectivity of com puter-mediated communication and traditional face-to face communication based on knowledge, with the purpose of gaining an insight into the knowledge nature o f modern communication. The study shows that the effectivity of the two communic ation ways varies with the task types. Enterprises must take both communication effect and communication effectivity into account, on which to base their choice of appropriate communication way. Thus they could generate the core competing c ompetence for the enterprises.
This paper discusses the roles played by information technology (IT) in organiza tions, among which the focus is on profit organizations, and analyzes the conn otation and characteristics of IT value together with the issue of quantitative assessment. On this basis, the authors put forward several empirical approaches and investigate the effect of IT input on organizations' benefit with the struc tural equation modeling approach to show that the sole application of quantitati ve index may under-assess IT value and consequently result in the productivity paradox of IT.
By analyzing the transaction expense of patent protection and the incentive effe ct on innovation, the article states that patent system should not be regarded as a institution playing a wholly positive role in the protection which, based on the current development of economy and technology, should be properly grante d. The article also puts forth some reasonable advice of principle.
The all-round development of humans is the lofty ideal for which mankind has be en fighting through generations and reflects the trend of social development. Th erefore, the author argues that the construction in such aspects as society and its economy, politics, civilization as well as the relations between humans a nd nature etc can lay the foundations for humans' all-round development, creat ing the ground on which humans can achieve a free but sound development.
This essay summarizes the cognitive process in which the leading collectivities of CCP of all generations have stayed away from the feudal idea of reign, as wa s discussed by Guo Mo-ruo in his article: The 300th Anniversary of the Jiashen Year. Historically, Mao Ze-dong realized the importance that people should be the master in the political life of China; Deng Xiao-ping brought up "three pr inciples of advantageousness to the people" to outline CCP's pursuit in values; Jiang Ze-min put forward his creative theory of three representations; and Hu Jin-tao, following the guidance of the 3 representations, gives priority to e conomic development and the Party's constructions so as to better serve the peop le.
The main factors responsible for the deviation in implementing the rural polices include the defects with the primary-level organizational system and its perfo rmance, the lack of policy implementation resources, the resistance from targe t groups, and the problems with the adaptability of policies itself. Consequent ly, the poor implementation of the rural policy creates the tension between the local leaders and the general masses. Moreover, these phenomena may increase t he risk of social instability and thus check the comprehensive development of ru ral economy and stability. Therefore, this article suggests that primary-level system and its function be reformed to make sure that the policies concerning r ural development can be well implemented.
Since the 70?s of the 20th century, western governments were commonly faced wi th the crises in finance, management and credit. To get out of the dilemma, th ere emerged a huge worldwide wave of privatization of public utilities under the leadership of the UK. Since the 90?s, with the theoretical development of gov ernance, privatization has gradually become the most applicable tool for the g overnance of public sectors. Based on the governance ground of privatization of public utilities, the article makes deep analysis of the situation and problems with privatization reform in terms of governance capability, market developmen t and that of the third sector, and accordingly puts forward new strategies for propelling privatization reform in China.
Hong Kong was returned in 1997 after one hundred years of humiliation, but ever y aspect of Hong Kong's life has been affected by the UK culture and there are g reat differences in the legal system between the mainland and Hong Kong, it's n o exception with civil and commercial jurisdiction. The paper begins with a case in which the conflict of jurisdiction gives rise to parallel procedures. After the analysis of reasons for the conflict in historical and legal prospects, the author puts forward the solution of harmonization to the matter by drawing on E U's Brussels Convention.
Although every country and region has all passed laws concerning currency crime , yetthere are some striking differences in character. The article makes a comp arative study of laws concerning the criminal behaviors, the victims and the su bjective purposes in these places.
Delays of flights can bring about many disputes between air carriers and passeng ers. To settle the disputes, the government should make some relevant policy an d legislation. The paper, focusing on the carrier's compensation liability from flight delay according to the relevant domestic laws and the international prac tices, analyzes the respective rights and duties to be undertaken by air carrie rs and passengers, and accordingly on this topic, the paper puts forward some constructive suggestions.
The article primarily examines the point that some scholars group poetic schools on the criterion of pursuing truth and antiquity in Dai Zhen's Shijing studies. By analyzing Dai Zhen's pursuit of truth and antiquity in Shijing studies, the author emphasizes that Dai Zhen not only believed in but also sank into antiqui ty. To make it clear, the author discusses the relation between antiquity and t ruth, stating the point that pursuing antiquity is for truth, no antiquity, n o truth. On the basis of these points, the author discusses the reasons for the unconvincing grouping of Wu and Wan schools, believing that this grouping obli terates the relation between truth and antiquity and distorts the historical tra ce of academic development.
In contrastive studies between English and Chinese, one of the most important a spects is the hypotaxis typical of English and parataxis typical of Chinese. Her e the author illustrates such a difference through the contrastive study of conn ective words, word sequences, ellipsis of subject and the words in a poem. Thi s study has great significance on translation and composition in a foreign langu age.
Idioms are parts of the lexicon, representing a significant aspect of language behavior. Examination of their behavior as fixed expressions has proved that the y have internal linguistic structures. The authors also find that idioms do not only have structures, but the structure is also related to that of their non-i diomatic or actual meaning. This leads to a division between transparent idioms , whose syntactic structure is the same as its non-idiomatic meaning, and opa que idioms, whose structure is disjoint from that of its non-idiomatic meanin g. We discover that an idiom can behave syntactically only in ways that its lite ral counterpart does. This is by no means a complete picture of idioms and there is still much to be learned. Idiomatic language is remarkably complex and each phrase demands its own analysis in terms of its syntactic, semantic, pragmatic , and conceptual properties. The study of idioms can reveal more about the natu re of fixed expressions, figurative language, and finally, of language itself .
Vocabulary learning is an important part in foreign language learning. Many stud ents have trouble in learning vocabulary. This paper aims at providing some stra tegies concerning vocabulary learning.
It is a kind of revolution to construct the new generation of educational resour ce database. To overcome the disadvantages existing in the current database syst em constructed from the viewpoint of managers, this paper proposes the concept of network educational resource database with flexibility and discusses its feat ures, which is an open, synergic, proactive resource platform, and should ad apt to demands in terms of the educational activities. On this basis, this pape r further explores the approaches to the realization of this database in forms o f content, function, means, and management.
This paper theoretically demonstrates the importance of modern mathematical trai ning for engineering doctor students, and discusses, in combination with the a ut hors' practical experiences, the concepts, goals and principles of establishin g the course "Fundamentals of modern mathematics" for engineering doctor student s.