Research on the Influence of Government R&D Funding and Enterprise R&D Investment on the Innovation Efficiency of Pharmaceutical Industry

Objective To study the effect of government R&D funding and enterprise R&D input on innovation efficiency of China’s pharmaceutical industry.Methods Based on the inter-provincial panel data of China’s pharmaceutical industry from 2009 to 2019,the stochastic frontier analysis method was used to study the influence of government R&D funding and enterprise R&D input on the innovation efficiency.Results and Conclusion With 1%increase in government R&D funding,the innovation efficiency of enterprises will increase by 0.122%.When R&D investment increases by 1%,innovation efficiency will increase by 0.169%.Both government R&D funding and enterprise R&D investment promote the innovation efficiency of pharmaceutical enterprises,but the increase of enterprise R&D investment contributes more to the improvement of pharmaceutical innovation efficiency.

Governance Quality,Public Expenditure Efficiency,and Economic Growth

In this paper,we first examine the impact of governance quality on public expenditure efficiency.Then,we try to determine the effect of these expenditures on economic growth.Our starting point is the idea that public expenditure efficiency of a government program is significantly affected by the country’s governance quality.In other words,changes in government expenditure and the returns they generate on a government program depend on governance quality.Our sample consists of 36 countries observed over the 1996 to 2020 period.This period is known by a significant transition of political regimes.Our research model links government expenditure with the returns generated in a country in a given sector.In this model,we introduce the governance variable to examine the impact of government expenditure on returns on a government program in terms of schooling rates and life expectancy.The results indicate that governance quality affects expenditure structure and that efficiency of this expenditure positively correlates with a better governance quality as measured by corruption control and government efficiency.We also found that efficient expenditure has a positive impact on economic growth.

On Efficiency of the Compulsive Institution in the Environment Governance

Limited by the condition of information, technology and natural elements, the compulsive institutions in the environment governance can not form a “hard constraint” to the individuals. Because of the individual's speculative behaviors, the government's deviation from its environmental governance, and the non-cooperative game between individuals and the legal organization, the implementation of the compulsive institutions is not as good as being expected. Through analyzing the mechanism of the compulsive institutions, this paper puts forward some suggestions to enhance the efficiency of such institutions' implementation.

Government regulation practices and issues on building energy efficiency in China

This paper analyzes the government control of building energy efficiency in China from the aspects of policies and regulations, technical standards, pilot demonstration projects and economic means, and expounds the characteristics and problems of government regulation practice in China. It is found that the government regulation of building energy conservation in our country has some problems, such as imperfect system, weak incentive policy, imperfect management system, and the lack of public participation. Through the deep analysis of the existing problems, it is pointed out that the fundamental reason for the poor operation of China's building energy efficiency market lies in the lack of understanding of the building energy efficiency market, the lack of government administrative functions and the weak consciousness of the main body.

Technical Efficiency Estimation of Government Linked Companies in Malaysia

The Malaysian government launched the Government Linked Companies Transformation （GLCT） Programme in May 2004, with the aim, amongst others, of ensuring continuous improvement of these firms amidst global trade competitiveness and economic challenges. This paper examines technical efficiency of government linked companies （GLCs） and benchmarks the result with top foreign owned firms listed in Bursa Malaysia. The study employs an unbalanced panel dataset of 31 existing GLCs over a period of nine years （2000-2008） using the stochastic frontier model. The results provide estimates of mean technical efficiency of these firms for the first time, and highlight the variation between the GLCs and foreign owned firms which represent international standard. The findings show mean technical efficiency of GLCs is moving towards the frontier but it still relatively low compared to the foreign firms. The trend declined drastically at the later period showing a wider gap against the benchmark firms. The findings hope to contribute to the growing literature on firms＇ efficiency focusing on privatized firms in developing countries.

Research on the efficiency of government regulation in Shanghai

The party＇s Third Plenary Session of the eighteen proposed to fully and properly perform the functions of the government, stressed that the government management to prior approval is more things in the post regulation, the implementation of the ＂Wide into standard＂. From the current regulation, there exists a single way, too microcosmic law enforcement problems, can not meet the needs of the development of society and economy. Regulators should take to promote the benefits of a socialist market economy as the goal to improve administrative efficiency as a means of regulatory authorities. Highly centralized regulatory approach taken by improving the legal system, refme the regulatory content, improve government regulation.

The Relationship between Public Service Efficiency of Government and Residential Political Trust in Hong Kong

Hong Kong has a long history with its high efficiency and clean and self-disciplined government.Within the past over 20 years,different social development trend has occurred in Hong Kong.The article observed the relationship between political trust from residence and public service efficiency of government in Hong Kong from 1992 to 2015 and found that the value of public service efficiency has a significant effect on political trust in Hong Kong government,the higher the efficiency of public services,the higher the political trust.The author tried to find the path for the Hong Kong government to improve its public service quality and efficiency after testifying the positive correlation between public service efficiency and residential political trust with empirical analysis.

A regional comparison of China's industrial development efficiency

The Chinese economy has been experiencing extensive growth for decades. Along with this growth, however, there have been industrial-economic, social and environmental inefficiencies. In some regions, problems exist because of overemphasis on GDP growth, or growth at the expense of the environment. Looking at efficiency through the prism of economic, social and environmental factors, this article analyzes the industrial economic development during the 10th Five-Year Plan (2001-2005). The authors conclude that economic development should be achieved while making overall improvements to economic, social and ecoenvironment efficiency.

A New Latent Class Stochastic Frontier Model for the Best Practices ofUSA＇s Corporate Governance

In this paper, the authors study the association between firms＇ specific characteristics and performances for a sample of 320 American firms using a governance efficiency index, calculated by the stochastic frontier analysis. The use of a latent class in the specification of the model, allowed detecting two groups of firms according to their specific characteristics： the firm size, the leverage, the dividend yield, and the return on equity （ROE）. The results of affectation equation show that the probability to be in the second group （the most efficient） is more important when the firm size, the dividend yield, and the ROE are high, while a high leverage level decreases the chance to be in the first group （the less efficient）.

Economic Benefit Estimating of Polydimensional Efficiency Measurement Model Implementation

This paper is a revised and expanded version of a paper entitled “The static and dynamic criteria of building an investment asset portfolio” presented at International Conference on Applied Economics (ICOAE, 2014), Chania, 3-5 July 2014 and published at Procedia Economics and Finance, Volume 14, Pages 575-584 (2014) [1]. At the previous research, it showed the significance to go beyond the scope of selecting one or another metric of static efficiency. And the attention was paid to the dynamic efficiency criteria. The ICOAE 2015 research gives brief results of that work, which is only one of applied areas of polydimensional efficiency measurement model (PEMM). Research work on PEMM conceptual and methodical elaboration has been started in the author’s dissertation study [2] and continued in the practical activity and materialized in Innovative LLC (limited liability company) creating project. The research is concentrating on the real economic benefit of 3D PEMM (thee criterial PEMM version) implementation. In the first part of ICOAE 2015 empirical study, the dynamic component of 3D PEMM on the industrial level was tested. Next, the company economic profit changes and dynamic-market 3D PEMM components correlation was estimated. Finally, the economic benefit of 3D PEMM functional operationalization in the framework of management systems development was calculated.

Operation optimization mode for nozzle governing steam turbine unit

Based on tests and theoretical calculation an optimum steam admission mode is proposed which can effectively solve the steam-excited vibration.An operation mode jointly considering the valve point and operation load is proposed based on the analysis and study of a large number of unit operation optimization methods.According to the steam-excited vibration that occurs during the optimization process when the nozzle governing steam turbine switches from a single valve to multi-valves a steam admission optimization program is proposed.This comprehensive program considering the steam-excited vibration is applied to a 600 MW steam turbine unit to obtain the optimum sliding pressure curve and the optimum operation mode and the steam-excited vibration is solved successfully.

Accounting information quality,governance efficiency and capital investment choice

This paper examines the relationship between accounting information quality and capital investment choice from the perspective of accounting information's governance function.Measuring capital investment choice as the correlation of growth of operating income between company and industry,this paper investigates whether and to what extent companies focus on their core business.The results show that the higher the quality of publicly listed firms' accounting information,the stronger that correlation,particularly when the corporate governance of the listed company is poor.The findings imply that accounting information quality can thus optimize the capital investment choice,which complements and strengthens the functioning of corporate governance.Hence,regulators should pay more attention to the market's power to supervise the behavior of listed firms,improve the governance functions of accounting information and increase the efficiency of capital allocation.

Measurement and Comparison of Urban Haze Governance Level and Efficiency based on the DPSIR Model:A Case Study of 31 Cities in North China

In the decisive stage of developing of a moderately prosperous society in all aspects,hazy weather has become a major obstacle to the further advancement of China.Therefore,improving the level and efficiency of haze governance has become essential.Based on the DPSIR model,this paper builds a haze governance level and efficiency index system using the entropy method and the super-efficiency data envelope-analysis(DEA)model to analyze the data for 31 cities in North China from 2007 to 2016.From the aspects of spatial differences and influence factors influencing the comparative analysis,the results are as follows.(1)During the investigation period,the level and efficiency of city haze governance in North China showed a trend of fluctuation and decline,with obvious stages in their characteristics.Haze governance efficiency is much higher than its level,and its mean value reaches the DEA level which indicates that it is effective.(2)A significant regional gradient difference occurs between these two aspects.The haze governance level presents a convex distribution pattern of"east low–middle high–west low",while the haze governance efficiency presents a concave distribution pattern of"east high–middle low–west high".(3)The regression results show that economic growth has a negative effect on both haze governance level and efficiency.By contrast,the industrial structure has a positive effect on haze governance level and efficiency,but the significance of its effect on these two is different.On this basis,policy suggestions are proposed for improving the level and efficiency of haze governance in various cities in North China.

The Influence of Overlap Degree Research on Nozzle Governing Characteristic

To solve the problems existing in the flow characteristics of steam turbine unit, the influence of valve overlap degree on nozzle governing steam turbine had been studied. The combined flow characteristics of given valve overlap degree were obtained for a 600MW steam turbine unit by the method of theoretical calculation combined with simulation test, and the influence of valve overlap degree on governing stage efficiency and steam chest pressure had been also analyzed. This paper discussed the selection of rational overlap degree and introduced a new method of building model for governing stage efficiency of steam turbine in constant pressure operation condition, which provided theoretical guidance for optimization research on nozzle governing steam turbine operation.

Refining the Art of Reforming the Corporate Governance of Chinese State-Controlled Listed Companies： Venture Capital and Adaptive Efficiency

The corporate governance of Chinese state-controlled listed companies （SCLCs） has attracted much scholarly attention. Through reviewing the extant literature in this field, it is clear that the overwhelming majority is theoretically underpinned by the lens of agency costs. Another important perspective, adaptive efficiency, has yet to be equally emphasized by scholars. Reflecting on the experience of American venture capital （VC）, this article puts forth that the corporate governance of SCLCs has weakened the fundraising ability of Chinese domestic VC. Taking account of the positive link of a vibrant VC sector and the enhancement of adaptive efficiency, an obvious conclusion is that the corporate governance of SCLCs has already jeopardized the adaptive efficiency of the Chinese economy. Further, the normative implication of this finding is that the refined art of reforming the corporate governance of SCLCs ought to combine and harmonize agency costs with adaptive efficiency.

Research on the Strategy of Information Resource Sharing between Governments in the Perspective of Game Theory

In order to improve the operational efficiency, the government can realize the streamlining policy through the mode of government information resource sharing. By building government information resources sharing, the government breaks the inter-departmental data island. The government realizes the development direction and trend of “Internet government”. This paper also takes the information resource sharing as the game process between the government management department and the information resource sharing body, and analyzes the policy and suggestion of the information resource sharing in the perspective of game theory by constructing the sharing model of the government information resource in the perspective of game theory.

Construction of building energy conservation incentive policies under government regulation: Based on the subjects' behavior analysis

Building energy efficiency is a long-term strategy to achieve sustainable development, but the inconsistencies of main interests during the implementation lead to the need for government regulation in building energy conservation. Implementation of building energy efficiency of government regulation covers three aspects of construction and involves relevant participators, so the paper analyzes interests and roles of the related subjects in building energy saving, explore the motivations and its conversion mechanism of each player, and dissect the game relationship of associated earnings of developers' and consumers' behaviors selection under government control. Finally, the paper proposes basic requirements of building incentive policies for related subjects under government control to regulate the main behaviors of subjects in building energy efficient buildings and achieve energy efficiency goals and balance of all parties' benefits.

Conflict： Efficient State or State Under the Rule of Law？-- The Hungarian Case of the Victory of the Efficient State over the State Under the Rule of Law

This study is seeking an answer as to whether the efficient state and the state under the rule of law are indeed irreconcilable, as well as to whether these two categories are by nature to be seen as contrary concepts. The basic issue is whether efficiency is to be handled as an ＂extralegal＂ category, or whether legal regulation, in accordance with public administration traditions in Europe, can in itself meet the requirement of efficiency. Also the study presents the formation of the issue of conflict between the effective state and the state under the rule of law in Hungary after the election held in 2010 in the practice of economic policy and legislation of the Orban government. We are trying to answer the question of the tendency of power concentration to really menace the principles of a traditionally-formed state under the rule of law, as well as whether the economic policy of the government can be implemented effectively in a strongly centralized political and state administrative system.

中国特色的有效市场与有为政府

当今世界的经济发展主要存在两种制度类型:一是受新古典自由主义经济学影响并以“大市场+小政府”为特征的西方制度,二是以当代中国马克思主义经济学为指导并将有效市场和有为政府有机结合的中国制度。西方社会的市场失灵和政府失灵根源于资本主义市场经济与政党政治相结合的资本主义制度弊端。相比之下,社会主义市场经济和民主集中制相结合的中国特色社会主义制度优势是实现有效市场和有为政府有机结合的体制根源。