Based on the results of the 14 thcomprehensive adjustment of NIPAS published by BEA in July of 2013,this paper employs the national economic accounting principles to analyze the impact of R&D capitalization on Mac...Based on the results of the 14 thcomprehensive adjustment of NIPAS published by BEA in July of 2013,this paper employs the national economic accounting principles to analyze the impact of R&D capitalization on Macroeconomic Variables from both the theoretical and empirical aspects. The results show that R&D capitalization will produce impact on many macroeconomic variables. Although some changes of the indexes are very small in amount, the implementation of capitalized accounting on R&D is the requirement of SNA 2008 and an inevitable trend of international accounting changes. China must further improve the statistical content of R&D, revise the accounting caliber and classification standards for R&D, explore the accounting models for R&D satellite accounts, improve the quality of R&D accounting data, strengthen the understanding of the essence of SNA 2008, so as to promote the integration of Chinese national economic accounting system with SNA 2008 as soon as possible.展开更多
By comparing the growth trajectories of East Asia and Latin America,this study finds that during industrialization,East Asian economies actively advanced their manufacturing sectors toward high-end production and achi...By comparing the growth trajectories of East Asia and Latin America,this study finds that during industrialization,East Asian economies actively advanced their manufacturing sectors toward high-end production and achieved a higher relative density of high-skilled labor within this sector.In contrast,Latin American economies experienced a“low-end lock-in”in manufacturing,with high-skilled labor more heavily concentrated in the service sector.To provide a unified explanation of these patterns of industrial transformation and labor allocation,this paper develops a three-sector general equilibrium model that includes basic manufacturing(BM),high-end manufacturing(HM),and services,and incorporates labor heterogeneity.The model captures how,under different development thresholds for HM,the allocation of high-skilled labor across sectors leads to two distinct structural transformation paths:from BM to HM,or from BM to services.These paths,in turn,generate different trajectories of human capital accumulation and economic growth performance.Simulation analysis shows that dynamically adjusted industrial policies are more effective than static ones,and that combining education policy with industrial policy yields better outcomes than either policy alone.This study extends theoretical research on industrial structural transformation,highlights the importance of HM for latecomer economies,and offers theoretical underpinnings and decision-making insights for advancing new industrialization and deepening integration between industrial and talent chains.展开更多
Profile of Prof.Ning-Li Wang Academician of the Chinese Academy of Engineering(CAE)Member of the International Academy of Ophthalmology Director,Ophthalmology Center,Beijing Tongren Hospital Dean,School of Ophthalmolo...Profile of Prof.Ning-Li Wang Academician of the Chinese Academy of Engineering(CAE)Member of the International Academy of Ophthalmology Director,Ophthalmology Center,Beijing Tongren Hospital Dean,School of Ophthalmology,Capital Medical University Director,National Engineering Research Center for Ophthalmic Diagnosis and Treatment National Distinguished Physician Member,Academic Advisory Committee.展开更多
The rise of creative industries in this century has aroused strong interest in the concept“cultural capital”in academia.Cultural capital can be understood as various forms of cultural resources that achieve signific...The rise of creative industries in this century has aroused strong interest in the concept“cultural capital”in academia.Cultural capital can be understood as various forms of cultural resources that achieve significant appreciation in existing economic,political,and cultural structures through active and rapid reproduction,thereby influencing changes in existing economic,political,and cultural structures,including production relations with capitalist characteristics.The capitalization of culture negates the original ecological value of culture,denies human needs for culture,undermines the true value of cultural exchange and creation,and can easily lead to the formation of cultural hegemony.However,the process of cultural capitalization and the changes in cultural values within it indicate that the capitalization of culture is to some extent an inevitable historical development.The new cultural capital has demonstrated tremendous power in promoting the development of contemporary creative industries and producing cultural masterpieces.Of course,this first requires it to refuse to become a tool for economic capital and digital technology.展开更多
The paper had illustrated fruitful achievements Baise had gained in these years in terms of capitalization operation and capital increase of national culture,and generally analyzed deficiencies in capitalization of Ba...The paper had illustrated fruitful achievements Baise had gained in these years in terms of capitalization operation and capital increase of national culture,and generally analyzed deficiencies in capitalization of Baise national culture.It emphasized that utilization,integration and development of national cultural resources were not enough in intensity;capitalized degree of national culture was low and national cultural products were simple and low in level.Finally,the new mode was proposed to integrate national cultural resources,activate inner vitality of national cultural capital and renovate capitalization of national culture.展开更多
Unlike prior studies that investigate research and development(R&D)accounting as a dichotomous choice between capitalizing vs.expensing, this study identifies low-reliability R&D capitalization by the occurren...Unlike prior studies that investigate research and development(R&D)accounting as a dichotomous choice between capitalizing vs.expensing, this study identifies low-reliability R&D capitalization by the occurrence of ex post impairment of capitalized R&D costs.I find that low-reliability capitalization is associated with higher discretionary accruals but fails to signal future innovation, whereas normal capitalization without subsequent impairment lacks earnings aggressiveness and predicts future innovation positively, compared to expensing firms.Next, this study shows that Big 4 and industry specialist auditors improve reliability by notably decreasing the likelihood of lowreliability R&D capitalization.The results remain robust after controlling for R&D investment intensity and potential endogeneity in the capitalization decision.Additional tests show that managers strategically time the recognition of impairment for big-bath and earnings-smoothing purposes, and that analyst coverage does not help differentiate between low-reliability and normal R&D capitalization.Collectively, this paper increases our understanding of R&D accounting and auditing and contributes to the debate on the reliability of R&D capitalization.展开更多
This paper investigates ruin,capital injection,and dividends for a two-dimensional risk model.The model posits that surplus levels of insurance companies are governed by a perturbed composite Poisson risk model.This m...This paper investigates ruin,capital injection,and dividends for a two-dimensional risk model.The model posits that surplus levels of insurance companies are governed by a perturbed composite Poisson risk model.This model introduces a dependence between the two surplus levels,present in both the associated perturbations and the claims resulting from common shocks.Critical levels of capital injection and dividends are established for each of the two risks.The surplus levels are observed discretely at fixed intervals,guiding decisions on capital injection,dividends,and ruin at these junctures.This study employs a two-dimensional Fourier cosine series expansion method to approximate the finite time expected discounted operating cost until ruin.The ensuing approximation error is also quantified.The validity and accuracy of the method are corroborated through numerical examples.Furthermore,the research delves into the optimal capital allocation problem.展开更多
Based on the current status of educational inequality between urban and rural areas in China,this study transcends the traditional resource-centered perspective to examine the latent roles of cultural and social capit...Based on the current status of educational inequality between urban and rural areas in China,this study transcends the traditional resource-centered perspective to examine the latent roles of cultural and social capital in the distribution of educational opportunities.The research finds that institutional arrangements,family cultural accumulation,social networks,and digital literacy collectively constitute the latent structure of urban-rural educational inequality,determining the access to and conversion efficiency of educational opportunities.Cultural capital influences students’educational adaptability through cognitive abilities,learning habits,and the accumulation of educational resources,while social capital expands educational opportunities through information access and social support.Their interaction exacerbates urban-rural disparities.The study further suggests that achieving educational equity requires a multidimensional coordinated strategy encompassing institutional restructuring,cultural empowerment,social capital development,and digital empowerment,providing both theoretical guidance and practical pathways for policy formulation and educational practice.展开更多
This paper is an attempt to explore the root of the modern paradox across multiple registers in order to uncover a persuasive pattern of contradiction that runs through the very fabric of contemporary existence.We dis...This paper is an attempt to explore the root of the modern paradox across multiple registers in order to uncover a persuasive pattern of contradiction that runs through the very fabric of contemporary existence.We discover that the very logic meant to emancipate the human subject-scientific mastery,bureaucratic order,economic growth,and many others,often recoil upon the subject,generating conditions of fragmentation,depersonalization,and spiritual aridity.Far from rejecting modernity wholesale,our task is a diagnostic one-to enter into the deep fabric of modernity and to decode its operating metaphors and interrogate what holds up the“scaffolding of collective life”.This is in a bid to find the rootedness of genuine human flourishing.Part of the answer,from our analysis,lies in a critical re-thinking within modernity without being subsumed by it.展开更多
文摘Based on the results of the 14 thcomprehensive adjustment of NIPAS published by BEA in July of 2013,this paper employs the national economic accounting principles to analyze the impact of R&D capitalization on Macroeconomic Variables from both the theoretical and empirical aspects. The results show that R&D capitalization will produce impact on many macroeconomic variables. Although some changes of the indexes are very small in amount, the implementation of capitalized accounting on R&D is the requirement of SNA 2008 and an inevitable trend of international accounting changes. China must further improve the statistical content of R&D, revise the accounting caliber and classification standards for R&D, explore the accounting models for R&D satellite accounts, improve the quality of R&D accounting data, strengthen the understanding of the essence of SNA 2008, so as to promote the integration of Chinese national economic accounting system with SNA 2008 as soon as possible.
文摘By comparing the growth trajectories of East Asia and Latin America,this study finds that during industrialization,East Asian economies actively advanced their manufacturing sectors toward high-end production and achieved a higher relative density of high-skilled labor within this sector.In contrast,Latin American economies experienced a“low-end lock-in”in manufacturing,with high-skilled labor more heavily concentrated in the service sector.To provide a unified explanation of these patterns of industrial transformation and labor allocation,this paper develops a three-sector general equilibrium model that includes basic manufacturing(BM),high-end manufacturing(HM),and services,and incorporates labor heterogeneity.The model captures how,under different development thresholds for HM,the allocation of high-skilled labor across sectors leads to two distinct structural transformation paths:from BM to HM,or from BM to services.These paths,in turn,generate different trajectories of human capital accumulation and economic growth performance.Simulation analysis shows that dynamically adjusted industrial policies are more effective than static ones,and that combining education policy with industrial policy yields better outcomes than either policy alone.This study extends theoretical research on industrial structural transformation,highlights the importance of HM for latecomer economies,and offers theoretical underpinnings and decision-making insights for advancing new industrialization and deepening integration between industrial and talent chains.
文摘Profile of Prof.Ning-Li Wang Academician of the Chinese Academy of Engineering(CAE)Member of the International Academy of Ophthalmology Director,Ophthalmology Center,Beijing Tongren Hospital Dean,School of Ophthalmology,Capital Medical University Director,National Engineering Research Center for Ophthalmic Diagnosis and Treatment National Distinguished Physician Member,Academic Advisory Committee.
文摘The rise of creative industries in this century has aroused strong interest in the concept“cultural capital”in academia.Cultural capital can be understood as various forms of cultural resources that achieve significant appreciation in existing economic,political,and cultural structures through active and rapid reproduction,thereby influencing changes in existing economic,political,and cultural structures,including production relations with capitalist characteristics.The capitalization of culture negates the original ecological value of culture,denies human needs for culture,undermines the true value of cultural exchange and creation,and can easily lead to the formation of cultural hegemony.However,the process of cultural capitalization and the changes in cultural values within it indicate that the capitalization of culture is to some extent an inevitable historical development.The new cultural capital has demonstrated tremendous power in promoting the development of contemporary creative industries and producing cultural masterpieces.Of course,this first requires it to refuse to become a tool for economic capital and digital technology.
基金Supported by Scientific Research Initiation Project of Baise University in2009(2009KB12)Periodic Achievement of Scientific Research Project of Department of Education of Guangxi Province in2010 (201010LX507)~~
文摘The paper had illustrated fruitful achievements Baise had gained in these years in terms of capitalization operation and capital increase of national culture,and generally analyzed deficiencies in capitalization of Baise national culture.It emphasized that utilization,integration and development of national cultural resources were not enough in intensity;capitalized degree of national culture was low and national cultural products were simple and low in level.Finally,the new mode was proposed to integrate national cultural resources,activate inner vitality of national cultural capital and renovate capitalization of national culture.
基金the financial support from the National Natural Science Foundation of China (approval number: NSFC-71902137)
文摘Unlike prior studies that investigate research and development(R&D)accounting as a dichotomous choice between capitalizing vs.expensing, this study identifies low-reliability R&D capitalization by the occurrence of ex post impairment of capitalized R&D costs.I find that low-reliability capitalization is associated with higher discretionary accruals but fails to signal future innovation, whereas normal capitalization without subsequent impairment lacks earnings aggressiveness and predicts future innovation positively, compared to expensing firms.Next, this study shows that Big 4 and industry specialist auditors improve reliability by notably decreasing the likelihood of lowreliability R&D capitalization.The results remain robust after controlling for R&D investment intensity and potential endogeneity in the capitalization decision.Additional tests show that managers strategically time the recognition of impairment for big-bath and earnings-smoothing purposes, and that analyst coverage does not help differentiate between low-reliability and normal R&D capitalization.Collectively, this paper increases our understanding of R&D accounting and auditing and contributes to the debate on the reliability of R&D capitalization.
基金supported by the Shihezi University High-Level Talents Research Startup Project(Project No.RCZK202521)the National Natural Science Foundation of China(Grant Nos.12271066,11871121,12171405)+1 种基金the Chongqing Natural Science Foundation Joint Fund for Innovation and Development Project(Project No.CSTB2024NSCQLZX0085)the Chongqing Normal University Foundation(Grant No.23XLB018).
文摘This paper investigates ruin,capital injection,and dividends for a two-dimensional risk model.The model posits that surplus levels of insurance companies are governed by a perturbed composite Poisson risk model.This model introduces a dependence between the two surplus levels,present in both the associated perturbations and the claims resulting from common shocks.Critical levels of capital injection and dividends are established for each of the two risks.The surplus levels are observed discretely at fixed intervals,guiding decisions on capital injection,dividends,and ruin at these junctures.This study employs a two-dimensional Fourier cosine series expansion method to approximate the finite time expected discounted operating cost until ruin.The ensuing approximation error is also quantified.The validity and accuracy of the method are corroborated through numerical examples.Furthermore,the research delves into the optimal capital allocation problem.
文摘Based on the current status of educational inequality between urban and rural areas in China,this study transcends the traditional resource-centered perspective to examine the latent roles of cultural and social capital in the distribution of educational opportunities.The research finds that institutional arrangements,family cultural accumulation,social networks,and digital literacy collectively constitute the latent structure of urban-rural educational inequality,determining the access to and conversion efficiency of educational opportunities.Cultural capital influences students’educational adaptability through cognitive abilities,learning habits,and the accumulation of educational resources,while social capital expands educational opportunities through information access and social support.Their interaction exacerbates urban-rural disparities.The study further suggests that achieving educational equity requires a multidimensional coordinated strategy encompassing institutional restructuring,cultural empowerment,social capital development,and digital empowerment,providing both theoretical guidance and practical pathways for policy formulation and educational practice.
文摘This paper is an attempt to explore the root of the modern paradox across multiple registers in order to uncover a persuasive pattern of contradiction that runs through the very fabric of contemporary existence.We discover that the very logic meant to emancipate the human subject-scientific mastery,bureaucratic order,economic growth,and many others,often recoil upon the subject,generating conditions of fragmentation,depersonalization,and spiritual aridity.Far from rejecting modernity wholesale,our task is a diagnostic one-to enter into the deep fabric of modernity and to decode its operating metaphors and interrogate what holds up the“scaffolding of collective life”.This is in a bid to find the rootedness of genuine human flourishing.Part of the answer,from our analysis,lies in a critical re-thinking within modernity without being subsumed by it.
