Research on the Relationship between Cooperation Innovation Expenditure and Economic Output of China’s Pharmaceutical Industry

Objective To empirically analyze the relationship between cooperation innovation expenditure and economic output of China’s pharmaceutical industry,and provide a reference for improving its economic benefits and the capability of cooperation innovation in the future.Methods The relevant data of China’s pharmaceutical industry from 2000 to 2016 was selected as a sample.Based on the co-integration theory,an error correction model was established to conduct Granger test of causality to study the relationship between cooperation innovation expenditure and economic output of China’s pharmaceutical industry.Results and Conclusion The cooperation innovation expenditure of China’s pharmaceutical industry has a significant positive impact on economic output.If cooperation innovation expenditure increases 1%,its economic output will go up by 1.7%.At the same time,the long-term promotion effect of cooperation innovation expenditure on economic output is more significant than the short-term effect.

Online payment fraud:from anomaly detection to risk management

Online banking fraud occurs whenever a criminal can seize accounts and transfer funds from an individual’s online bank account.Successfully preventing this requires the detection of as many fraudsters as possible,without producing too many false alarms.This is a challenge for machine learning owing to the extremely imbalanced data and complexity of fraud.In addition,classical machine learning methods must be extended,minimizing expected financial losses.Finally,fraud can only be combated systematically and economically if the risks and costs in payment channels are known.We define three models that overcome these challenges:machine learning-based fraud detection,economic optimization of machine learning results,and a risk model to predict the risk of fraud while considering countermeasures.The models were tested utilizing real data.Our machine learning model alone reduces the expected and unexpected losses in the three aggregated payment channels by 15%compared to a benchmark consisting of static if-then rules.Optimizing the machine-learning model further reduces the expected losses by 52%.These results hold with a low false positive rate of 0.4%.Thus,the risk framework of the three models is viable from a business and risk perspective.

Chinese Marine Economy Development: Dynamic Evolution and Spatial Difference

This study focuses on China's coastal area and its marine economic development. Applying the information diffusion method, the study establishes a kernel density function and its decomposition using a marine economic per capita as the index of the model to depict the dynamic evolution law and the internal influential factors of the Chinese marine economy during 1996–2013. The relative development rate was introduced to analyze the spatial differences in the marine economy's development. In this way, space and time dimensions fully characterized the evolution of the Chinese marine economy. Additionally, the influence of growth and inequality in the process of its development can be analyzed. The study shows that the Chinese marine economy as a whole has been growing, and regional marine economic development is relatively coordinated. In addition, the marine economy began to develop even more rapidly after 2004. There are three factors affecting the dynamic evolution of China's marine economy: first, the most influential mean effect, followed by, second, the variance effect, and third, the least influential residual effect. The biggest influence on the dynamic evolution of the marine economy is the improvement of the development level of the marine economy in the coastal area. Meanwhile, due to the existence of inequality, provinces at higher development levels are more dispersed. Furthermore, the existence of the residual effect weakens the influence of the mean effect, and the influence on the dynamic evolution of the marine economy continuously increases. In the analysis of the influencing factors of the evolution and spatial difference of marine economic development, the level of opening to the outside world, the level of investment in fixed assets and the industrial structure have a positive role in promoting economic development. However, capital investment in scientific human research has a negative correlation with economic development, and does not pass the significant test. The difference in regional development levels and development speed is also very apparent; namely, the provinces with higher development levels generally displayed faster development speeds while those with lower development levels showed slower development speeds across the four periods analyzed.