Comprehending regional characteristics and influencing factors of China's inbound tourism economy is im- portant to make effective policies that will help inbound tourism develop harmoniously and shrink regional disp...Comprehending regional characteristics and influencing factors of China's inbound tourism economy is im- portant to make effective policies that will help inbound tourism develop harmoniously and shrink regional disparity. This paper studied the regional disparity and convergence of China's inbound tourism economy during 1996-2008 with the methods of a-convergence, club convergence and r-convergence. The results indicate that 1) inbound tourism receipts per capita (ITRPC) of the whole country, the eastern, central and western regions presented the rapid increasing trend; 2) ITRPC of the whole country was characterized by convergence; 3) the eastern region presented club con- vergence, but the central and western regions did not show this trend; 4) the star-hotel levels and investment in fixed assets for the tourism industry per capita had a same trend to growth rates of ITRPC, promoting inbound tourism de- velopment, and there was no difference among the 31 provinces (municipalities) in the mainland of China; 5) but the proportion of employed persons in the tourism industry accounting for total population and the proportion of the terti- ary industry accounting for GDP had a reversal trend to growth rates of ITRPC, shrinking the provincial disparity in inbound tourism economy, and there were differences between the developed provinces and the developing provinces. Based on these analyses, we put forward some suggestions for the developing provinces to speed up inbound tourism economy.展开更多
In recent years, the real estate price has been raising with the volume of foreign money inflow increasing. The relationship between foreign money and real estate price becomes a focus. This paper studies the relation...In recent years, the real estate price has been raising with the volume of foreign money inflow increasing. The relationship between foreign money and real estate price becomes a focus. This paper studies the relationship with empirical methods. The co-integration test shows that there is a long equilibrium between real estate price rising and foreign money inflow. The analysis of ECM shows that foreign money inflow as to real estate price rising is less important than real estate price rising as to foreign money inflow. And Granger test also shows that foreign money inflow is not the cause of real estate price rising, on the contrary, real estate price rising causes foreign money flowing in.展开更多
An experiment was conducted to examine the role of Mn in P fixation through comparing with Al and Fe. Hydroxides and oxides of Al, Fe and Mn were prepared in lab under opened and closed conditions to react with phosph...An experiment was conducted to examine the role of Mn in P fixation through comparing with Al and Fe. Hydroxides and oxides of Al, Fe and Mn were prepared in lab under opened and closed conditions to react with phosphate. The newly formed Mn hydroxide showed the strongest P-fixing abilityl even several times higher than Fe hydroxide, but became the lowest rapidly due to ageing when exposed to air. Mn oxide showed the lowest p-fixing ability. Therefore, a sound consideration on P fixation should be based on both quantities and p-fixing abilities of the compounds of Fe, Al and Mn. The importance of Mn on P availability should receive more attention especially under oxidation-reduction dynamic conditions.展开更多
Profitability ratios are a group of financial ratios that indicate how much profit a business is earning within a certain context, while asset utilization ratios indicate how efficient a business is in operating its a...Profitability ratios are a group of financial ratios that indicate how much profit a business is earning within a certain context, while asset utilization ratios indicate how efficient a business is in operating its assets to generate cash. The difference between profitability ratios and turnover ratios is the fact that turnovers are more specific. While profitability ratios measure overall performance in terms of profits, asset utilization ratios focus on specific measurements within the business) We conduct this study to verify the impact of turnover ratios on Jordanian services sectors' performance during the period from 2009 to 2012. The study showed that there is no significant impact of turnover ratios on Jordanian services sectors' profitability, and by testing the main and sub hypotheses, the study revealed that there is no significant impact of turnover ratios on Jordanian services sectors' return on assets (ROA), there is no significant impact of working capital turnover on Jordanian services sectors' ROA, there is no significant impact of total asset turnover on Jordanian services sectors' ROA, and there is no significant impact of fixed asset turnover on Jordanian services sectors' ROA. Also, the study showed that there is no significant impact of turnover ratios on Jordanian services sectors' return on equity (ROE), there is no significant impact of working capital turnover on Jordanian services sectors' ROE, there is no significant impact of total asset turnover on Jordanian services sectors' ROE, and there is no significant impact of fixed asset turnover on Jordanian services sectors' ROE. Moreover, the study concluded that the educational services sector has the lowest working capital turnover and healthcare services sector has the highest. In addition, we find that the hotels and tourism sector has the lowest total asset turnover ratio, while the utilities and energy sector has the highest and that the hotels and tourism sector has the lowest fixed asset turnover, while the utilities and energy sector has the highest. The transportation sector has the lowest ROA and technology and communication sector has the highest. Finally, we find that transportation sector has the lowest ROE and the technology and communication sector has the highest.展开更多
One of the most important issues relating to the economic activity of an enterprise is a reliable valuation of assets. It is also one of the key elements in the condition of bankruptcy risk. The aim of this paper is t...One of the most important issues relating to the economic activity of an enterprise is a reliable valuation of assets. It is also one of the key elements in the condition of bankruptcy risk. The aim of this paper is to present the results of the author's empirical research concerning the usefulness of the estimates in the valuation of fixed assets held by the enterprises facing bankruptcy. The empirical research was carried out on a group of 100 companies on which courts declared bankruptcy in 2011 in Poland. The study sample constitutes 14% of the population and is a significant representation of the phenomenon. For comparisons of the carrying amounts and the estimated values, the assets recognized in the balance sheet under "property, plant, and equipment (PPE)" were selected. During the first stage of the research, the significance of PPE in bankruptcy proceedings was confirmed by comparing the share of their value within the estate with the costs of the proceedings recorded as a percentage of the value of the debtor's estate. In the next stage of the research, comparisons between the carrying amounts and the estimated values were made. Simple regression models were constructed. The research results confirm that in the case of a substantial doubt about an entity's ability to continue as a going concern, the informative value of financial statements is limited and the estimates of the fixed assets value are of fundamental importance.展开更多
The machinery, equipment, inventory, and other assets of the 21 st century company without people to work them. Corporations, by leave of the accounting profession, have no real economic value continue to omit the val...The machinery, equipment, inventory, and other assets of the 21 st century company without people to work them. Corporations, by leave of the accounting profession, have no real economic value continue to omit the value of human. And yet, there is a growing realization that people represent the largest proportion of corporate productive capacity relative to the current assets and fixed assets shown in corporate financial statements. This paper provides research on the top 50 of the Fortune 500 companies which confirm this material deficiency. There is a need to provide stakeholders with a "fair" knowledge of the value of corporate human capital to provide a higher standard of transparency and accountability in international financial reporting and to provide the basis for research into the sustainability and potential expansion of growth in the world economy. An appropriate standard for the valuation of human capital will provide the knowledge base for effective and efficient investment in human capital. Effective and efficient investment will be particularly valuable for governments and service industries and for those who wish to promote growth in Europe. Indeed, the Organization for Economic Cooperation and Development (OECD) is questioning the veracity of financial statements which fail to include "the most valuable" of corporate assets in their financial statements. Recently, the OECD has noted that human capital may be measurable "by the output potential of specific competencies"; "the fruits of (corporate) investment"; the objective measurement of the market "rental" price of human capital; and lastly, perhaps self-evident when it comes to physical capital, the output potential of corporate investment in their human capital inventory. This paper considers the conditions in the context of literature which reassesses theory and assumptions which have been made on the valuation of human capital. Human capital is a pre-requisite for tangible assets to be productive. The valuation of human capital will trigger the same sort of activity-based analysis of people power as computers brought to cost accounting. The knowledge century analysis of people power will take off when human capital is at last included in the list of assets on the corporate balance sheet.展开更多
This paper (1) discusses how the two indicators used in official statistics of China, namely total investment in fixed assets and the gross fixed capital formation, reflect changes infixed asset investment and their...This paper (1) discusses how the two indicators used in official statistics of China, namely total investment in fixed assets and the gross fixed capital formation, reflect changes infixed asset investment and their relationship, (2) analyzes the growth of fixed asset investment and its contribution to changes of economic growth rate since the reform and opening-up, and (3) explains how fiscal policy impacts the growth of fixed asset investment and analyzes in detail the impacts of the two rounds of contractionary fiscal policy, two rounds of expansionary fiscal policy and one round of neutral fiscal policy on China' s fixed asset investment growth since reform and opening-up using full and accurate data. Practice shows that the impact of fiscal policy on China' s fixed asset investment is direct and obvious, yet sometimes too drastic. In the future, fiscal policy should be used in alignment with other economic policies with appropriate intensity and timing so that it will help stabilize the growth of fixed asset investment.展开更多
The straight-line method in computing for depreciation expense is the prevailing method used in the Philippines. This paper aims to determine the rationale behind the use of this method. The objective of the study is ...The straight-line method in computing for depreciation expense is the prevailing method used in the Philippines. This paper aims to determine the rationale behind the use of this method. The objective of the study is to determine the length of time within which the depreciation method is used, reasons in using the method, the rate of depreciation used by the companies, and the effects of the depreciation expense on their operating expenses. It also determines if the companies' decisions to use the straight-line method are influenced by the factors mentioned by Reynolds (196 I)----expected amount of services over the life of assets, the amount and timing of operating costs, the decline in the physical efficiency of the assets, and the rate of return--and if they considered capital investments and tax reduction in using this method. The study shows that companies and educational institutions use the straight-line method of computing depreciation expenses, because it is easy to use in computing the depreciation expenses, in comparing with previous years' computations, and in keeping track of the expenses. It is also convenient for tax administration and financial reporting. The rate of depreciation used varies, because the companies and educational institutions use their past experiences in determining the life of fixed assets. The percentage of depreciation to the operating expenses also varies. The companies and educational institutions adhered to the factors mentioned by Reynolds (1961) in choosing the straight-line method of depreciation. The companies did not consider reduction of tax in using the straight-line method.展开更多
Econometric models have not been widely used for thorough analysis of the statistics published by banks. The paper presents the results of analyses of Estonian Banking, made by the authors during the last seven years....Econometric models have not been widely used for thorough analysis of the statistics published by banks. The paper presents the results of analyses of Estonian Banking, made by the authors during the last seven years. Earlier results have been published in a number of collections of research articles and have been reported on international conferences worldwide (in Mexico, South Africa, Egypt, Poland, Check Republic, Chile, China, and USA, etc.). From econometric models, the Cobb-Douglas production function with income-earning assets, equity, liabilities and fixed assets as inputs was selected. The time period chosen is from the first quarter of 1995 to the fourth quarter of 2008 that is a total of 56 periods. The balance sheets and income statements published quarterly by the banks were used as the empirical base of analysis.展开更多
The growth of regional economy in China was stable with a slight decline in2013.Growths in major economic indicators,namely the industrial added value,the total fixed asset investment,the total retail sales of consume...The growth of regional economy in China was stable with a slight decline in2013.Growths in major economic indicators,namely the industrial added value,the total fixed asset investment,the total retail sales of consumer goods,and the total volume of import and export trade differ across the eastern,central,western and northeastern regions,but the overall difference is small.The regional economic development still faces certain problems,such as unbalanced development among regions,insufficient implementation of development planning,lack of in-depth regional cooperation,irrational competition of development of new zones,and uncoordinated policies on ecological progress from different government authorities.This paper suggests that China should formulate zoning policies and supporting measures to accelerate the development of key economic belts,promote new urbanization,transform the old industrial bases,strengthen joint prevention of regional environmental pollution and promote the opening up of the inland areas to the western regions.展开更多
This paper is based on the research conducted in Shanghai. We use Probit model empirically analysis how tinanclal hteracy affect household wealth. The results are as follows: financial literacy does have positive eff...This paper is based on the research conducted in Shanghai. We use Probit model empirically analysis how tinanclal hteracy affect household wealth. The results are as follows: financial literacy does have positive effects on household financial wealth and debt, but do not have significant effect on fixed wealth. Age growth, household income growth, self-owned house and seeking for financial consultant will significantly boost household wealth. Moreover, consumer' s self-confidence and risk aversion have positive effects on both fixed and financial assets, but do not have significant effect on debt.展开更多
This article analyzes the importance of the moderately leading development in electric power industry, and the basic policy of the industry in China. It evaluates if the industry is appropriately developed ahead of ot...This article analyzes the importance of the moderately leading development in electric power industry, and the basic policy of the industry in China. It evaluates if the industry is appropriately developed ahead of other industries from the aspects of legal structuring, planning, electricity pricing mechanism, fixed assets investment, human resources, technological innovation and production and supply capacity etc., and proposes f ive recommendations.展开更多
Since a-tocopherol has special biological and nutritional activities, it is important to convert non-a-tocopherols to a-tocopherol. This paper focuses on the effects of residence time, pressure, temperature and the ma...Since a-tocopherol has special biological and nutritional activities, it is important to convert non-a-tocopherols to a-tocopherol. This paper focuses on the effects of residence time, pressure, temperature and the mass ratio of formaldehyde to tocopherols on the content of a-tocopherol, the conversion of non-a-tocopherols, the selectivity and yield of a-tocopherol in a fixed-bed reactor. The reactor is made from φ12 (I.D.)×360mm stainless steel pipe. It is packed with a mixture of 5% Pd/C and cation exchange resin catalysts. Preliminary results indicated the suitable operation conditions are pressure 5.0 MPa, temperature 180℃, and mass ratio of formaldehyde to tocopherols 2.0. A product of more than 50% a-tocopherol content has been obtained by using 88.85% mixed tocopherols as raw material.展开更多
L-(+)-lactic acid production was studied by immobilized Lactobacillus rhamnosus TISTR108 on crude pectin from Krung Kha Mao (Cissampelospareira L.) leaves. Central composite design was employed to determine the m...L-(+)-lactic acid production was studied by immobilized Lactobacillus rhamnosus TISTR108 on crude pectin from Krung Kha Mao (Cissampelospareira L.) leaves. Central composite design was employed to determine the maximum lactic acid production of 45.40 g/L in predicted model (Y = 43.98 - 2.43X1 + 1.02X2 + 2.96X3 - 8.72X1^2 - 3.99X2^2 - 1.74X3^2) with the factors at 5.9 of cultural medium pH, 37.6 ℃ of process temperature and 202 rpm of liquid agitation. Statistical analyses demonstrated very high significance for the regression model fitted the data adequately and explained the lactic acid production, since the F-value computed 54.89 was much higher than the tabulated F-value 2.08 for the lactic acid production at 5% level for linear and quadratic polynomial regression models. The highest experimental lactic acid production was 46.91 g/L at 72 h of fermentation.展开更多
In January-October,2017,China’s home textile industry as a whole continued to maintain a steady growth;investor confidence in the industry was further enhanced;and the growth rate of investment in fixed assets of all...In January-October,2017,China’s home textile industry as a whole continued to maintain a steady growth;investor confidence in the industry was further enhanced;and the growth rate of investment in fixed assets of all sub-sectors achieved positive growth.展开更多
The improvement of propionic acid production for antifungal activity, as fermenting by calcium alginate immobilized cells of Propionibacterium acidipropionici TISTR 442 was investigated by using whey as substrate. Opt...The improvement of propionic acid production for antifungal activity, as fermenting by calcium alginate immobilized cells of Propionibacterium acidipropionici TISTR 442 was investigated by using whey as substrate. Optimal condition for immobilization was performed by adjusting tube distance to CaCI2 solution to be 4-6 cm and 7 mL/min flow rate of alginate gel. The production of propionic acid by immobilized cells in a 2 L fermentor using 1% CaCO3 and 5 N KOH to control the pH at 6.5 gave maximum propionic acid and they had consistent potential to recycle 2 rounds of fermentation and produced the total of 29.24 g/L propionic acid (15.85 ± 0.25 g/L and 13.39 ± 0.25 g/L propionic acid from Batch 1 and Batch 2 fermentation, respectively). Compared to free-cell fermentation, propionic acid productivity increased 20% (0.083 g/h vs. 0.070 g/h) and fermentation time reduced 11% (192 h vs. 216 h) in 2 L fermentor with 40 g/L initial total sugar from whey. The fermented propionic acid as well as the commercial propionic acid from chemical process was able to inhibit the growth of the fungal tested.展开更多
基金Under the auspices of National Natural Science Foundation of China (No. 40971019)National Basic Research Program of China (No. 2007CB411501)
文摘Comprehending regional characteristics and influencing factors of China's inbound tourism economy is im- portant to make effective policies that will help inbound tourism develop harmoniously and shrink regional disparity. This paper studied the regional disparity and convergence of China's inbound tourism economy during 1996-2008 with the methods of a-convergence, club convergence and r-convergence. The results indicate that 1) inbound tourism receipts per capita (ITRPC) of the whole country, the eastern, central and western regions presented the rapid increasing trend; 2) ITRPC of the whole country was characterized by convergence; 3) the eastern region presented club con- vergence, but the central and western regions did not show this trend; 4) the star-hotel levels and investment in fixed assets for the tourism industry per capita had a same trend to growth rates of ITRPC, promoting inbound tourism de- velopment, and there was no difference among the 31 provinces (municipalities) in the mainland of China; 5) but the proportion of employed persons in the tourism industry accounting for total population and the proportion of the terti- ary industry accounting for GDP had a reversal trend to growth rates of ITRPC, shrinking the provincial disparity in inbound tourism economy, and there were differences between the developed provinces and the developing provinces. Based on these analyses, we put forward some suggestions for the developing provinces to speed up inbound tourism economy.
文摘In recent years, the real estate price has been raising with the volume of foreign money inflow increasing. The relationship between foreign money and real estate price becomes a focus. This paper studies the relationship with empirical methods. The co-integration test shows that there is a long equilibrium between real estate price rising and foreign money inflow. The analysis of ECM shows that foreign money inflow as to real estate price rising is less important than real estate price rising as to foreign money inflow. And Granger test also shows that foreign money inflow is not the cause of real estate price rising, on the contrary, real estate price rising causes foreign money flowing in.
文摘An experiment was conducted to examine the role of Mn in P fixation through comparing with Al and Fe. Hydroxides and oxides of Al, Fe and Mn were prepared in lab under opened and closed conditions to react with phosphate. The newly formed Mn hydroxide showed the strongest P-fixing abilityl even several times higher than Fe hydroxide, but became the lowest rapidly due to ageing when exposed to air. Mn oxide showed the lowest p-fixing ability. Therefore, a sound consideration on P fixation should be based on both quantities and p-fixing abilities of the compounds of Fe, Al and Mn. The importance of Mn on P availability should receive more attention especially under oxidation-reduction dynamic conditions.
文摘Profitability ratios are a group of financial ratios that indicate how much profit a business is earning within a certain context, while asset utilization ratios indicate how efficient a business is in operating its assets to generate cash. The difference between profitability ratios and turnover ratios is the fact that turnovers are more specific. While profitability ratios measure overall performance in terms of profits, asset utilization ratios focus on specific measurements within the business) We conduct this study to verify the impact of turnover ratios on Jordanian services sectors' performance during the period from 2009 to 2012. The study showed that there is no significant impact of turnover ratios on Jordanian services sectors' profitability, and by testing the main and sub hypotheses, the study revealed that there is no significant impact of turnover ratios on Jordanian services sectors' return on assets (ROA), there is no significant impact of working capital turnover on Jordanian services sectors' ROA, there is no significant impact of total asset turnover on Jordanian services sectors' ROA, and there is no significant impact of fixed asset turnover on Jordanian services sectors' ROA. Also, the study showed that there is no significant impact of turnover ratios on Jordanian services sectors' return on equity (ROE), there is no significant impact of working capital turnover on Jordanian services sectors' ROE, there is no significant impact of total asset turnover on Jordanian services sectors' ROE, and there is no significant impact of fixed asset turnover on Jordanian services sectors' ROE. Moreover, the study concluded that the educational services sector has the lowest working capital turnover and healthcare services sector has the highest. In addition, we find that the hotels and tourism sector has the lowest total asset turnover ratio, while the utilities and energy sector has the highest and that the hotels and tourism sector has the lowest fixed asset turnover, while the utilities and energy sector has the highest. The transportation sector has the lowest ROA and technology and communication sector has the highest. Finally, we find that transportation sector has the lowest ROE and the technology and communication sector has the highest.
文摘One of the most important issues relating to the economic activity of an enterprise is a reliable valuation of assets. It is also one of the key elements in the condition of bankruptcy risk. The aim of this paper is to present the results of the author's empirical research concerning the usefulness of the estimates in the valuation of fixed assets held by the enterprises facing bankruptcy. The empirical research was carried out on a group of 100 companies on which courts declared bankruptcy in 2011 in Poland. The study sample constitutes 14% of the population and is a significant representation of the phenomenon. For comparisons of the carrying amounts and the estimated values, the assets recognized in the balance sheet under "property, plant, and equipment (PPE)" were selected. During the first stage of the research, the significance of PPE in bankruptcy proceedings was confirmed by comparing the share of their value within the estate with the costs of the proceedings recorded as a percentage of the value of the debtor's estate. In the next stage of the research, comparisons between the carrying amounts and the estimated values were made. Simple regression models were constructed. The research results confirm that in the case of a substantial doubt about an entity's ability to continue as a going concern, the informative value of financial statements is limited and the estimates of the fixed assets value are of fundamental importance.
文摘The machinery, equipment, inventory, and other assets of the 21 st century company without people to work them. Corporations, by leave of the accounting profession, have no real economic value continue to omit the value of human. And yet, there is a growing realization that people represent the largest proportion of corporate productive capacity relative to the current assets and fixed assets shown in corporate financial statements. This paper provides research on the top 50 of the Fortune 500 companies which confirm this material deficiency. There is a need to provide stakeholders with a "fair" knowledge of the value of corporate human capital to provide a higher standard of transparency and accountability in international financial reporting and to provide the basis for research into the sustainability and potential expansion of growth in the world economy. An appropriate standard for the valuation of human capital will provide the knowledge base for effective and efficient investment in human capital. Effective and efficient investment will be particularly valuable for governments and service industries and for those who wish to promote growth in Europe. Indeed, the Organization for Economic Cooperation and Development (OECD) is questioning the veracity of financial statements which fail to include "the most valuable" of corporate assets in their financial statements. Recently, the OECD has noted that human capital may be measurable "by the output potential of specific competencies"; "the fruits of (corporate) investment"; the objective measurement of the market "rental" price of human capital; and lastly, perhaps self-evident when it comes to physical capital, the output potential of corporate investment in their human capital inventory. This paper considers the conditions in the context of literature which reassesses theory and assumptions which have been made on the valuation of human capital. Human capital is a pre-requisite for tangible assets to be productive. The valuation of human capital will trigger the same sort of activity-based analysis of people power as computers brought to cost accounting. The knowledge century analysis of people power will take off when human capital is at last included in the list of assets on the corporate balance sheet.
文摘This paper (1) discusses how the two indicators used in official statistics of China, namely total investment in fixed assets and the gross fixed capital formation, reflect changes infixed asset investment and their relationship, (2) analyzes the growth of fixed asset investment and its contribution to changes of economic growth rate since the reform and opening-up, and (3) explains how fiscal policy impacts the growth of fixed asset investment and analyzes in detail the impacts of the two rounds of contractionary fiscal policy, two rounds of expansionary fiscal policy and one round of neutral fiscal policy on China' s fixed asset investment growth since reform and opening-up using full and accurate data. Practice shows that the impact of fiscal policy on China' s fixed asset investment is direct and obvious, yet sometimes too drastic. In the future, fiscal policy should be used in alignment with other economic policies with appropriate intensity and timing so that it will help stabilize the growth of fixed asset investment.
文摘The straight-line method in computing for depreciation expense is the prevailing method used in the Philippines. This paper aims to determine the rationale behind the use of this method. The objective of the study is to determine the length of time within which the depreciation method is used, reasons in using the method, the rate of depreciation used by the companies, and the effects of the depreciation expense on their operating expenses. It also determines if the companies' decisions to use the straight-line method are influenced by the factors mentioned by Reynolds (196 I)----expected amount of services over the life of assets, the amount and timing of operating costs, the decline in the physical efficiency of the assets, and the rate of return--and if they considered capital investments and tax reduction in using this method. The study shows that companies and educational institutions use the straight-line method of computing depreciation expenses, because it is easy to use in computing the depreciation expenses, in comparing with previous years' computations, and in keeping track of the expenses. It is also convenient for tax administration and financial reporting. The rate of depreciation used varies, because the companies and educational institutions use their past experiences in determining the life of fixed assets. The percentage of depreciation to the operating expenses also varies. The companies and educational institutions adhered to the factors mentioned by Reynolds (1961) in choosing the straight-line method of depreciation. The companies did not consider reduction of tax in using the straight-line method.
文摘Econometric models have not been widely used for thorough analysis of the statistics published by banks. The paper presents the results of analyses of Estonian Banking, made by the authors during the last seven years. Earlier results have been published in a number of collections of research articles and have been reported on international conferences worldwide (in Mexico, South Africa, Egypt, Poland, Check Republic, Chile, China, and USA, etc.). From econometric models, the Cobb-Douglas production function with income-earning assets, equity, liabilities and fixed assets as inputs was selected. The time period chosen is from the first quarter of 1995 to the fourth quarter of 2008 that is a total of 56 periods. The balance sheets and income statements published quarterly by the banks were used as the empirical base of analysis.
文摘The growth of regional economy in China was stable with a slight decline in2013.Growths in major economic indicators,namely the industrial added value,the total fixed asset investment,the total retail sales of consumer goods,and the total volume of import and export trade differ across the eastern,central,western and northeastern regions,but the overall difference is small.The regional economic development still faces certain problems,such as unbalanced development among regions,insufficient implementation of development planning,lack of in-depth regional cooperation,irrational competition of development of new zones,and uncoordinated policies on ecological progress from different government authorities.This paper suggests that China should formulate zoning policies and supporting measures to accelerate the development of key economic belts,promote new urbanization,transform the old industrial bases,strengthen joint prevention of regional environmental pollution and promote the opening up of the inland areas to the western regions.
文摘This paper is based on the research conducted in Shanghai. We use Probit model empirically analysis how tinanclal hteracy affect household wealth. The results are as follows: financial literacy does have positive effects on household financial wealth and debt, but do not have significant effect on fixed wealth. Age growth, household income growth, self-owned house and seeking for financial consultant will significantly boost household wealth. Moreover, consumer' s self-confidence and risk aversion have positive effects on both fixed and financial assets, but do not have significant effect on debt.
文摘This article analyzes the importance of the moderately leading development in electric power industry, and the basic policy of the industry in China. It evaluates if the industry is appropriately developed ahead of other industries from the aspects of legal structuring, planning, electricity pricing mechanism, fixed assets investment, human resources, technological innovation and production and supply capacity etc., and proposes f ive recommendations.
基金the Natural Science Foundation of Zhejiang Province (001103231-01-02).
文摘Since a-tocopherol has special biological and nutritional activities, it is important to convert non-a-tocopherols to a-tocopherol. This paper focuses on the effects of residence time, pressure, temperature and the mass ratio of formaldehyde to tocopherols on the content of a-tocopherol, the conversion of non-a-tocopherols, the selectivity and yield of a-tocopherol in a fixed-bed reactor. The reactor is made from φ12 (I.D.)×360mm stainless steel pipe. It is packed with a mixture of 5% Pd/C and cation exchange resin catalysts. Preliminary results indicated the suitable operation conditions are pressure 5.0 MPa, temperature 180℃, and mass ratio of formaldehyde to tocopherols 2.0. A product of more than 50% a-tocopherol content has been obtained by using 88.85% mixed tocopherols as raw material.
文摘L-(+)-lactic acid production was studied by immobilized Lactobacillus rhamnosus TISTR108 on crude pectin from Krung Kha Mao (Cissampelospareira L.) leaves. Central composite design was employed to determine the maximum lactic acid production of 45.40 g/L in predicted model (Y = 43.98 - 2.43X1 + 1.02X2 + 2.96X3 - 8.72X1^2 - 3.99X2^2 - 1.74X3^2) with the factors at 5.9 of cultural medium pH, 37.6 ℃ of process temperature and 202 rpm of liquid agitation. Statistical analyses demonstrated very high significance for the regression model fitted the data adequately and explained the lactic acid production, since the F-value computed 54.89 was much higher than the tabulated F-value 2.08 for the lactic acid production at 5% level for linear and quadratic polynomial regression models. The highest experimental lactic acid production was 46.91 g/L at 72 h of fermentation.
文摘In January-October,2017,China’s home textile industry as a whole continued to maintain a steady growth;investor confidence in the industry was further enhanced;and the growth rate of investment in fixed assets of all sub-sectors achieved positive growth.
文摘The improvement of propionic acid production for antifungal activity, as fermenting by calcium alginate immobilized cells of Propionibacterium acidipropionici TISTR 442 was investigated by using whey as substrate. Optimal condition for immobilization was performed by adjusting tube distance to CaCI2 solution to be 4-6 cm and 7 mL/min flow rate of alginate gel. The production of propionic acid by immobilized cells in a 2 L fermentor using 1% CaCO3 and 5 N KOH to control the pH at 6.5 gave maximum propionic acid and they had consistent potential to recycle 2 rounds of fermentation and produced the total of 29.24 g/L propionic acid (15.85 ± 0.25 g/L and 13.39 ± 0.25 g/L propionic acid from Batch 1 and Batch 2 fermentation, respectively). Compared to free-cell fermentation, propionic acid productivity increased 20% (0.083 g/h vs. 0.070 g/h) and fermentation time reduced 11% (192 h vs. 216 h) in 2 L fermentor with 40 g/L initial total sugar from whey. The fermented propionic acid as well as the commercial propionic acid from chemical process was able to inhibit the growth of the fungal tested.