Does the Feldstein–Horioka puzzle exist among South Asian countries? A regime‐switching approach

A plethora of literature has been undertaken to study the validity of the Feldstein–Horioka (FH) puzzle. However, divergent views continue to persist in the FH puzzle literature. This study explores the empirical validity of the FH puzzle in the case of South Asian countries using annual data from 1960 to 2017. Both panel data approach and Markov‐switching regression approach are used to empirically analyze the FH puzzle. The results of the cointegration test confirm the long‐run relationships between saving and investment in the selected South Asian countries. The results of Markov‐switching regression confirm that the saving‐retention coefficient has shifted from high to low values and also from low to high values. Thus, the FH puzzle exists for a particular time period and mostly depends on the regime shifts in the South Asian countries. The results of panel fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) methods also confirm that FH puzzle holds for the South Asian countries. Therefore, the study suggests that any saving promotion policies are desirable for enhancing investment among the South Asian regions.     

税收结构改变的长期影响与转型特征

提高直接税比重是优化我国税制结构和调节收入分配的重要实现途径，但可能同时对经济增长和社会福利产生影响。当政府降低消费税，如果维持长期总税收不变，那么不管是提高工资收入税税率还是资本收入税税率，经济中的资本积累和生产规模都会有一定程度的缩减；从长期看，提高直接税比重会降低消费者福利，但是转型过程中可能会有部分代际受益。相比于提高资本收入税，提高工资收入税税率在长期给经济增长和消费者福利带来的负效应更为明显。     

Applying Moral Foundations Theory to the Explanation of Capital Jurors’ Sentencing Decisions

Abstract

This study applies moral foundations theory to capital juror decision making. We hypothesized that binding moral foundations would predict death qualification and punitive sentencing decisions, whereas individualizing moral foundations would be associated with juror disqualification and a leniency effect. Additionally, we considered whether moral foundations can explain differences in death penalty application between conservatives and liberals. Respondents from two independent samples participated in a mock-juror task in which the circumstances of a hypothetical defendant’s case varied. Results revealed moral foundations were strong predictors of death qualification. The binding and individualizing foundations were related to sentencing decisions in the expected ways. Supporting our contention that moral foundations operate differently across different types of cases, heterogeneity in the effects of moral foundations was observed. Finally, we found support for the hypothesis that the relationship between sentencing decisions and conservatism would be attenuated by moral foundations.     

全面从严治党背景下的农村基层党组织建设——基于陕西省延安市索洛湾村的调研

加强农村基层党组织建设是坚持和加强党对农村工作全面领导的必然要求,是巩固基层政权的迫切需要,是巩固党在农村执政基础的应然选择。但是,部分农村基层党组织软弱涣散,党员结构不平衡,在党意识不强,农村干部本领恐慌,管理制度、监督机制不健全。需要通过选优配强带头人,提升党员队伍素质,增强服务效能,提升乡村治理能力,落实主体责任等路径,推动农村基层党组织全面进步、全面过硬,促进全面从严治在农村落地生根。     

中国外资银行监管与中国入世承诺的履行

WTO规则促进了国际金融一体化的进程 ,加入WTO对我国金融业既是机遇又意味着挑战 ,本文针对WTO规则中有关银行业的规定与我国相关承诺中涉及的外资银行监管问题进行了客观分析 ,并就我国完善对外资银行的监管提出了自己的看法。     

正确认识和处理新时期农村人民内部矛盾

正确认识、及时化解人民内部矛盾是真正代表农村最广大人民群众根本利益的必然要求,也是保持农村社会稳定的必要条件。农村人民内部矛盾的产生原因是多方面的,要正确处理这些矛盾,必须在正确认识的前提下,善于运用经济的、行政的、法律的、思想教育的等各种手段,及时化解矛盾,解决纠纷,确保广大农村社会稳定。     

试论技术入股股东的权利、义务与法律责任

技术出资方式迥然不同于货币、实物、土地使用权等出资方式,技术入股股东不仅具有其他股东的权利、义务与法律责任,而且还具有自己的特殊权利、特殊义务与特殊法律责任。从技术入股角度出发,《中华人民共和国公司法》有关股东权利、义务与法律责任的规定需要充实。     

农村摩托车安全管理现状与思考

近年来,随着农村经济社会的快速发展,农村摩托车安全管理面临着新的问题:摩托车安全管理形势严峻,社会危害突出,交通需求矛盾突出,摩托车车主安全意识淡薄,社会执法守法环境较差。加强农村摩托车安全管理需要我们加强宣传教育,提高公民防范意识,实行综合治理,完善执法环境,科学管理,强化民本观念。     

正确理解、全面推进社会主义新农村建设问题探究

社会主义新农村建设是一个全新的概念,是一项惠及广大人民群众的系统工程,也是我国"十一五"规划中的重点内容之一。本文着重探讨了实施这项工程的重要意义、如何理解其基本内涵、当前农村面临的主要问题以及全面推进这项工程建设的基本做法。     

开发吉林省农村人才资源的对策建议

建设社会主义新农村,关键在人才,特别是农村实用人才。针对吉林省农业人才匮乏,特别是实用人才匮乏的实际情况,本文在分析农村人才开发的现状及存在问题的基础上,提出了符合吉林省农业发展规律和开发农村人才资源的总体思路及对策措施,以期加快其新农村建设的步伐。