REGIONAL FINANCIAL SEGMENTATION IN THE UNITED STATES*

ABSTRACT. Responding to continuing discussions in this Journal regarding the importance of regional money supply and credit, a simple reduced-form regional money supply model is posited and an investigation of real regional money supplies is performed for several states around the country. Hypothesis tests are performed regarding the question of regional financial market segmentation, concluding that segmentation still exists in the United States. The empirical results also imply that interregional trade, presumably via the consequent constraint on regional banks, has at least as much effect on regional money supplies as Federal Reserve policies. These results lend further support for the assertion that regionally available money matters at the local level, and that regional analysis should continue to include regional money and credit as explanatory variables. The implications for policy makers are that: 1) national monetary policy cannot cure regional ills if the problems are manifested in regional industry mixes; and 2) some proposed banking reforms now being debated in Congress, i.e, nationwide branch banking and, particularly, industrial ownership of banks, are suspect. A healthy caution is warranted without more tests of these reforms.     

东北地区资源型城市资源诅咒效应及传导机制研究

通过面板数据固定效应模型,利用东北地区23个资源型地级城市1999-2012年的数据,分析了东北地区资源型城市资源诅咒效应的存在性与主要传导机制。结论显示东北地区资源型城市存在资源诅咒效应;物质资本投资对经济发展起到最为明显的促进作用,制造业投入和教育业投入也具有一定的促进作用,但作用不够显著。城市开放程度与经济发展之间呈现负相关关系,而城市类型与经济发展不存在明显相关关系。传导机制方面,资源诅咒效应主要通过抑制制造业发展、物质资本投入和教育业投入来阻碍经济增长,其中对制造业的负面影响是主要传导因素。煤炭和石油型城市体现出较为明显的人力资本挤出,而其他类城市传导机制作用则比较平均。     

THE SHORT-RUN AND LONG-RUN FACTOR-MARKET CONSEQUENCES OF IMMIGRATION TO THE UNITED STATES*

ABSTRACT. This paper applies the production-theory approach to assess the impact on domestic wages and employment of immigration to the United States. Inputs are disaggregated between recent immigrants, non-recent immigrants, native workers, and capital. Census cross-sectional data for 1980 and for 123 metropolitan areas are used. Empirical estimates are reported for alternative functional forms with special attention devoted to required curvature conditions which have frequently been violated in previous work. Elasticity estimates are reported for alternative settings, including for the short run where we view domestic factor prices as given and the long run where we treat them as flexible.     

美国绿色空间理论、实践及启示

本文介绍了绿色开敞空间概念,研究了美国城市公园系统、区域整体、绿道、自然风景、景观生态规划、大地景观、纽约城乡规划设想等重要理论,概述了其绿色空间发展历程,分析了美国自然风景园、公园运动、国家公园、开放空间规划、绿道等实践。最后,从自然风景名胜区体系、绿色空间区域生态化、绿色空间自然化、绿道网络化、园林创新、绿色开放系统等方面探讨了美国绿色空间理论与实践对我国的重要借鉴和启示。     

蒙东地区与东北三省煤炭资源开发的区域合作研究

我国蒙东地区与东北三省煤炭资源开发的区域合作是建设新兴的蒙东资源基地和振兴东北老工业基地的必然要求。通过在蒙东地区及东北三省的深入调查,发现这两大区域煤炭资源开发的区域合作已经形成一些典型案例,可以分别从上级政府强势干预、地方政府积极推动、中央、地方、企业联动、企业自发参与这四种模式来认识这些案例所反映的区域合作特征、效应与问题。为深入推进蒙东与东北三省煤炭资源开发的区域合作,政府干预应着重协调区域合作的地区格局,促进企业的多元参与,建设跨地区运输通道与生态工程,推进地方政府间的配合与协调。     

CHANGES IN THE NATURE OF URBAN SPATIAL STRUCTURE IN THE UNITED STATES, 1890–2000*

ABSTRACT This paper documents the long‐run trends in the average densities and density gradients of urban areas in the United States. The data show that between 1890 and 2000 the average densities of cities and metropolitan areas rose and fell but that the density gradients of urban areas generally declined monotonically over time. While it is beyond the scope of this paper to estimate the causes of these changes, this paper argues that a complete understanding of the changes in the nature of US urban spatial structures is likely to go beyond the standard explanations based on the monocentric city model such as decreases in transportation costs and increases in household incomes.     

美国大都市区尺度上的工业区位研究

工业化和城市化之间的互动关系体现在都市区尺度上的工业区位上。本文在新经济地理学和城市地理学所揭示的产品差异化和城市集聚效应相互关系的基础上,通过区位熵分析、赫芬达尔-赫希曼指数,对美国工业区位与大都市区间的耦合关系进行实证研究。结果显示:集聚于大都市区核心区的往往是产品个性化和定制化程度较高的行业;位于大都市区外围区的大都是产品依赖于城市市场,但标准化程度较高的行业;传统制造业则往往位于非大都市区。多数都市工业的市场集中度较低,而大部分传统工业的市场集中度较高。这不仅印证了新经济地理学的理论推演和城市地理学的行业分析,而且对包括中国在内的转型国家城市及其产业发展具有重要的参考意义。