The debates on public investments in Japan

Since the economic bubble burst, Japan has been in a long-term recession. To stimulate the economy, improve the infrastructure and increase employment, the Japanese Government injected a substantial amount of money into public works in the 1990s. However, these public investments had limited utility but incurred huge debts. These public investments have become a controversial issue. The Japanese Government could not but promote many reforms concerning public investments. This paper focuses on Japan＇s case and introduces the debates on public investments.     

知识产权资本化的法律缺陷及完善

知识经济的到来预示着一场资本革命,知识产权资本化将成为21世纪一种格外引人瞩目的法律和经济现象。我国现行法律法规在知识产权出资的规制上存在诸多缺陷,从理论和实践两个角度对我国法律相关规定的缺陷进行剖析,并提出了相应的完善建议。     

China Ramps up International Investmen

正Transnational investments are a growing engine of globalization and have transformed world economic landscapes.They are also a crucial element of international exchanges and cooperation.The economic interdependence fostered by globalization has turned     

Does a Country Effect Exist？ Issues Related to Deployment of Foreign Direct Investments in the European Union Countries

Goal of this paper shall be examination of factors which have an impact on unequal deployment of foreign direct investments （FDIs） in European Union （EU） countries. In order to achieve the desired goal, the author shall conduct analysis of FDIs＇ location based on the selection of variables which in the literature of the subject has been recognized to be potentially correlated with inflow of the FDIs.     

The Effects of Political Risk on Different Entry Modes of Foreign Direct Investment

Although numerous studies document the effect of political institutions on foreign direct investment (FDI), few works in the political economy literature have investigated the link between political institutions and the mode of entry chosen by investors, be it mergers and acquisitions, joint ventures, or greenfield investments. Using panel data for 111 developing countries covering 1980–2006, we find that countries with political institutions that uphold good governance tend to attract higher levels of mergers and acquisitions, as opposed to joint ventures and greenfield investments, because such institutions help to mitigate the special risks faced by merger and acquisition investors. Our findings provide a nuance for understanding the different effects of political institutions based on the particular mode of entry.     

The Economic Cost of Crime in Chile

This study estimates that the economic cost of crime in Chile, using the accountancy method, is $1.35 billion as at 2002; that is, this cost is equivalent to 2.06% of Chile's GDP. Crimes included in the estimation are murder, robbery, larceny–theft, burglary, wounding, rape and sexual assaults, domestic violence and economic felonies such as fraud, forgery and so on. Consequential costs are the most important, representing 68% of the total cost of crime. Government spending represents 23% of the total and anticipatory cost account for the remaining 9%. Chile presents higher level of crime than most developed countries—though less than most developing nations—but government's spending on citizen's security is considerably lower than that of the US and several other European countries.     

金融危机以后的韩国对华直接投资

韩国金融危机后 ,韩国企业对华直接投资发生了许多新变化。投资的项目数和金额均大幅度减少 ,在华韩资企业也开始进行重大的结构调整 ,针对中国国内市场的投资逐渐增多。伴随着中国西部大开发事业的推进 ,在中国内陆地区投资的韩国企业逐渐增多。可以预料 ,随着中国加入WTO和经济结构国际化的进展 ,今后韩国对华直接投资不仅会有量的快速发展 ,而且在质的方面也会有很大的提高 ,投资地区和投资行业将进一步呈现出多样化的特征。     

风险投资的制度分析

风险投资运作过程中存在委托-代理关系,存在信息不对称.信息不对称带来"逆向选择"和"道德风险"问题.从制度经济学角度考虑,设计一套行之有效的激励和约束机制能够最大限度地减少"逆向选择"和"道德风险"的发生,提高投资市场的运行效率.     

When All Roads Lead to Beijing. Assessing China’s New Silk Road and its Implications for Europe

The Belt and Road, unveiled by President Xi Jinping in late 2013, is China’s most ambitious geo-economic and foreign policy initiative in decades, combining a land-based Silk Road Economic Belt and a sea-based 21st Century Maritime Silk Road which connect China to Europe. With this grandiose initiative, Beijing seeks to tackle industrial overcapacity at home and acquire political influence abroad through investment. Sitting at the end-point of the maritime Silk Road, Southeast Europe and the Mediterranean have been the main focus of investment in infrastructure projects so far. If managed successfully by both sides, China’s Belt and Road could be a great opportunity for a European continent that is still struggling to recover from the crisis. What is urgently needed in Europe is a comprehensive response to China’s new initiative, with the focus not only on the economy and trade, but also on the monetary and financial aspects of the Belt and Road, including discussion of the political and security implications of Beijing’s inroads into Europe and its neighbourhood.     

Political parties and public investments: a comparative analysis of 22 Western democracies

When do political parties push for public investments in education, research, and infrastructure? Existing literature has mainly answered this question by pointing to parties’ state?market ideology. In contrast, this article presents a novel argument highlighting the role of parties’ aspirations to office and their ambitions to maximize votes. It builds on the idea that investments not only constitute redistributive tools for politicians, but also work as public means to foster economic growth in the long run. This unique feature makes investments attractive for parties with high office and vote aspirations, because they anticipate government responsibility in the future and can use investments’ dispersed growth effects to appeal broadly to a large, heterogeneous pool of voters. Support for this claim is found through time-series cross-sectional analyses of party manifestos from 22 Western democracies between 1947 and 2013. Results also indicate that parties’ positions on the second social value dimension matter.