Since the mid 1990s, the global distribution of current account balances has changed substantially. Along with the sharp increase in the current account defi cit in the US, there has been a signifi cant widening of the current account surpluses in many countries, including Japan, China and the major oil producers. In addition, there has been a marked shift from persistent current account defi c...

There has been a significant decline in the reproductive performance of dairy cattle in recent decades. Cows, take longer time to return to the oestrus after calving, have poorer conception rates, and show fewer signs of oestrus. Achieving good reproductive performance is an increasing challenge for the dairy producer. In this study we focus on understanding the overall biological phenomena ass...

Purpose The paper discusses the new concept of ‘Multinational Investment Projects’ (MIPs) and its application in the context of international business operations in China. The petrochemical industry in China is used as the industrial context in which we investigate the interplay between the Chinese government, which encourages growth and investment activities in the sector, and the multinationa...

The hypothesis about the link between savings rates, investment, and economic growth produced the Kuznets U-shaped curve hypothesis, which presumes that for promoting economic growth, government should allow rich people to become richer because they will contribute to national savings and thus to investment. Although incessantly criticized, this theory continues to influence current leaders in ...

Annual Current-Dollar Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  National income and product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...

This paper attempts to build an investment portfolio optimization model based on the typical transaction cost. First, shortages of current investment portfolio models are analyzed. By analyzing the changing process of the transaction cost in practical investments, the author introduces the non-concave and non-convex transaction cost function and the mean-variance model, and adopts the investmen...

This paper proposes a real options model for evaluating the biomass power generation investment in China. The uncertainties in the market price of electricity, CO2 price and straw price are considered. Meanwhile the dynamic relationship between installed capacity and fuel cost, as well as the long-term reduction of subsidy are described. Two scenarios, i.e., with the carbon emission trading sch...

fallen and current account imbalances have widened to unprecedented levels, yet real long-term interest rates remain low in most countries. How did the global economy arrive at this position? Some have argued that the catalyst is the substantial changes that have taken place in Asia, where saving has risen but investment has collapsed since the late 1990s. According to this view, the swing in t...

China’s current saving and investment levels are extraordinary— both in terms of its own history, but also by comparison with the current and historical experience of high-saving countries like Japan. The International Monetary Fund’s 2005 World Economic Outlook places China’s gross saving at 50 percent of GDP with gross capital formation, not far behind, at 45 percent of GDP (IMF 2005: 96–97)....

When making capital investment decisions organizational leaders are trained to consider the financial return on investment. Yet, the same expectation typically does not exist for investments in leadership training. We suggest that decisions regarding leadership training and development ought to use a similar approach as the process leads to organizations incurring cost for an anticipated benefi...