China Economic Quarterly International最新文献

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Climate finance and the labor income share of enterprises: Evidence from China
IF 1.9
China Economic Quarterly International Pub Date : 2025-03-01 DOI: 10.1016/j.ceqi.2025.03.002
Hong Li , Xiaohui Chen , Yan Peng
{"title":"Climate finance and the labor income share of enterprises: Evidence from China","authors":"Hong Li ,&nbsp;Xiaohui Chen ,&nbsp;Yan Peng","doi":"10.1016/j.ceqi.2025.03.002","DOIUrl":"10.1016/j.ceqi.2025.03.002","url":null,"abstract":"<div><div>Climate finance refers to the financing that addresses climate change. Its implementation affects industrial relations, and the labor income share of enterprises. This study conducts theoretical and empirical analyses to explore the impact of climate finance on the labor income share of Chinese A-share listed enterprises. Leveraging panel data spanning from 2008 to 2022 and drawing on strategic choice theory, the research reveals a positive U-shaped relationship between climate finance and enterprises’ labor income share. Mediation analysis further uncovers that climate finance reduces labor income share by increasing debt default risk while raising it through a higher labor-capital ratio. Industry heterogeneity analysis indicates that the negative effect is more pronounced in heavy-pollution industries. As the first investigation of the climate finance-labor income share nexus in China, this study offers crucial insights for policymakers balancing environmental and labor market objectives.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"5 1","pages":"Pages 23-45"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143783083","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The adaptation level and mechanism of grain production to climate change in China
IF 1.9
China Economic Quarterly International Pub Date : 2025-03-01 DOI: 10.1016/j.ceqi.2025.03.001
Liu Dong , Feng Xiaolong , Si Wei
{"title":"The adaptation level and mechanism of grain production to climate change in China","authors":"Liu Dong ,&nbsp;Feng Xiaolong ,&nbsp;Si Wei","doi":"10.1016/j.ceqi.2025.03.001","DOIUrl":"10.1016/j.ceqi.2025.03.001","url":null,"abstract":"<div><div>The overall adaptation level and mechanisms of grain production to climate change are estimated using national rural fixed observation points data. Adaptive behaviors have alleviated 52.5 ​%–63.5 ​% of the adverse impacts of high temperatures, with rice and maize more adaptable than wheat. However, adaptive behavior has not effectively mitigated excessive precipitation impacts. Technological progress, adaptation technology adoption, and input adjustments are key adaptation mechanisms. Future efforts should enhance agricultural technological contributions to comprehensively strengthen the adaptation capacity of grain production to climate change.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"5 1","pages":"Pages 1-22"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143704065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The economic welfare impacts of transnational clan networks: Evidence from transnational clan genealogies
IF 1.9
China Economic Quarterly International Pub Date : 2025-03-01 DOI: 10.1016/j.ceqi.2025.02.002
Fanghao Chen , Yibo Zuo , Denggao Long
{"title":"The economic welfare impacts of transnational clan networks: Evidence from transnational clan genealogies","authors":"Fanghao Chen ,&nbsp;Yibo Zuo ,&nbsp;Denggao Long","doi":"10.1016/j.ceqi.2025.02.002","DOIUrl":"10.1016/j.ceqi.2025.02.002","url":null,"abstract":"<div><div>Surnames with a higher presence of overseas Chinese in the same region exhibit the following characteristics: (1) better housing conditions, but no significant improvement in educational attainment or labor income; (2) a higher likelihood of economic dependency on other family members; (3) lower labor participation rates, shorter working hours, and a higher propensity for entrepreneurship. On the one hand, the economic support from overseas relatives improves the living conditions of local members but crowds out some of their investment in human capital and labor participation. On the other hand, the transnational clan networks provide access to overseas market information and financial support, facilitating engagement in export-oriented businesses and promoting entrepreneurial activities.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"5 1","pages":"Pages 46-56"},"PeriodicalIF":1.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143791150","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Fundamental research funding promotes college graduates’ employment: Evidence from the National Natural Science Foundation of China
IF 1.9
China Economic Quarterly International Pub Date : 2024-12-01 DOI: 10.1016/j.ceqi.2024.11.001
Shilin Zheng , Peikang Zhang
{"title":"Fundamental research funding promotes college graduates’ employment: Evidence from the National Natural Science Foundation of China","authors":"Shilin Zheng ,&nbsp;Peikang Zhang","doi":"10.1016/j.ceqi.2024.11.001","DOIUrl":"10.1016/j.ceqi.2024.11.001","url":null,"abstract":"<div><div>Drawing on the case of the the National Natural Science Foundation of China (NSFC), we examine the impact of fundamental research funding on college graduates’ employment. Our findings indicate that an increase in total funding is positively associated with higher monthly salaries and lower unemployment rate among graduates. The NSFC funding enhances scientific research output, improves teaching and experimental facilities, and provides more research opportunities for students. This paper provides policy implications on how China can cultivate talent and promote the employment of college graduates.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"4 4","pages":"Pages 227-236"},"PeriodicalIF":1.9,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143162610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Do shared bicycles promote residents’ consumption?
IF 1.9
China Economic Quarterly International Pub Date : 2024-12-01 DOI: 10.1016/j.ceqi.2024.12.001
CHEN Yongli , ZHU Xi , LI Jing , BAI Yuge
{"title":"Do shared bicycles promote residents’ consumption?","authors":"CHEN Yongli ,&nbsp;ZHU Xi ,&nbsp;LI Jing ,&nbsp;BAI Yuge","doi":"10.1016/j.ceqi.2024.12.001","DOIUrl":"10.1016/j.ceqi.2024.12.001","url":null,"abstract":"<div><div>Using China Family Panel Studies (CFPS) data from 2010 to 2018, this paper employs a staggered difference-in-differences (DID) approach to unveil that the entry of bike-sharing significantly boosts per capita household expenditure by 3.9%–6.8%, along with an increase of 3.8%–4.9% in dining-out expenses. The analysis of mechanisms indicates that bike-sharing reduces the time cost per unit of consumption by alleviating traffic congestion, increases leisure time by reducing commute duration, and enhances net income by lowering rental expenses without affecting wage. Our findings provide evidence for the impact of the sharing economy on consumption and its mechanisms.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"4 4","pages":"Pages 237-248"},"PeriodicalIF":1.9,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143162608","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Supply chain interconnection and SME financing: From the perspective of supply chain finance and trade credit
IF 1.9
China Economic Quarterly International Pub Date : 2024-12-01 DOI: 10.1016/j.ceqi.2024.12.004
Ye Guo , Ruoqi Yao
{"title":"Supply chain interconnection and SME financing: From the perspective of supply chain finance and trade credit","authors":"Ye Guo ,&nbsp;Ruoqi Yao","doi":"10.1016/j.ceqi.2024.12.004","DOIUrl":"10.1016/j.ceqi.2024.12.004","url":null,"abstract":"<div><div>By using an enhanced enterprise matching approach, we obtained microdata on the supply chain interconnections between small and medium-sized enterprises (SMEs) and listed companies. Our findings suggest that becoming the main counterparties of listed companies can significantly improve the financing capabilities of SMEs through credit enhancement effects and supply chain finance. The credit enhancement effect of accounts receivable increases factoring and bill discounting for upstream SMEs; however, the funds obtained are often absorbed by listed companies through trade credit. SMEs with stronger market power tend to extend less trade credit and secure more loans, resulting in a more efficient structure and optimal amount of funds. These findings offer practical insights for guiding the development of supply chain finance.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"4 4","pages":"Pages 249-265"},"PeriodicalIF":1.9,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143162609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Public development finance and firm innovation
IF 1.9
China Economic Quarterly International Pub Date : 2024-12-01 DOI: 10.1016/j.ceqi.2025.02.001
Jie Liu , Kun Xu , Jiarong Li
{"title":"Public development finance and firm innovation","authors":"Jie Liu ,&nbsp;Kun Xu ,&nbsp;Jiarong Li","doi":"10.1016/j.ceqi.2025.02.001","DOIUrl":"10.1016/j.ceqi.2025.02.001","url":null,"abstract":"<div><div>This paper empirically examines the impact of public development finance on firm innovation using loan data from public development finance institutions. The findings reveal that an increase in the size of loans from these institutions significantly enhances firm R&amp;D investments and outputs, primarily reflected in substantial innovations, particularly in invention patents. The effect of public development finance on innovation varies depending on the nature and technological focus of the firm. Public development finance influences innovation through two main channels: financing constraints, which lower the cost of financing for firms, and infrastructure improvements, which enhance the overall business environment. Additionally, public development finance has a significant positive effect on firm value, driving increased corporate innovation.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"4 4","pages":"Pages 266-280"},"PeriodicalIF":1.9,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143420143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
FDI deregulations and employment
IF 1.9
China Economic Quarterly International Pub Date : 2024-12-01 DOI: 10.1016/j.ceqi.2024.12.002
Yongbing Chen , Jiawen Hu , Yurui Du , Chaoqun Zhan
{"title":"FDI deregulations and employment","authors":"Yongbing Chen ,&nbsp;Jiawen Hu ,&nbsp;Yurui Du ,&nbsp;Chaoqun Zhan","doi":"10.1016/j.ceqi.2024.12.002","DOIUrl":"10.1016/j.ceqi.2024.12.002","url":null,"abstract":"<div><div>We empirically investigate whether employment is affected by foreign direct investment (FDI). Empirical results show that the FDI deregulations promote employment by increasing the job creation rate. In addition to the employment expansion of incumbent firms, the FDI deregulations facilitate the entry of new firms, which also contributes to employment. Furthermore, FDI in upstream industries can promote employment in this industry, and FDI from other regions can promote local employment. Finally, a simple estimate shows that about USD 56,900 is required for each job created.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"4 4","pages":"Pages 281-292"},"PeriodicalIF":1.9,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143611460","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of real estate market risks on the issuance costs of urban investment bonds: Evidence from China 房地产市场风险对城投债发行成本的影响:来自中国的证据
IF 1.9
China Economic Quarterly International Pub Date : 2024-09-01 DOI: 10.1016/j.ceqi.2024.09.004
Yan Dong, Dingyuan Hu
{"title":"The impact of real estate market risks on the issuance costs of urban investment bonds: Evidence from China","authors":"Yan Dong,&nbsp;Dingyuan Hu","doi":"10.1016/j.ceqi.2024.09.004","DOIUrl":"10.1016/j.ceqi.2024.09.004","url":null,"abstract":"<div><div>It has been widely believed that bond spreads are positively correlated with related market risks. However, some studies in China's urban investment bond (UIB) market indicate that an increase in real estate market risks usually narrows UIB spreads. This article focused on such puzzle and introduced a quadratic form regression to detect a U-shaped relationship between housing price volatility and UIB spreads, which confirms that UIB pricing is actually in consistence with the traditional bond theory. We further indicated that spreads of guaranteed UIBs were barely affected by housing price volatility, and fiscal transparency seemed to mitigate such volatility's impact on the issuance costs of UIBs. Those findings not only illuminate ways of mitigating risks in the UIB market in China using market instruments but also have important implications for how local governments around the world can mitigate their debt-related problems.</div></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"4 3","pages":"Pages 151-166"},"PeriodicalIF":1.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142323015","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Trade unions and the wage gap between rural migrant and local urban workers in China 工会与中国农民工和城市本地工人的工资差距
IF 1.9
China Economic Quarterly International Pub Date : 2024-09-01 DOI: 10.1016/j.ceqi.2024.08.001
Xinxin Ma , Sho Komatsu
{"title":"Trade unions and the wage gap between rural migrant and local urban workers in China","authors":"Xinxin Ma ,&nbsp;Sho Komatsu","doi":"10.1016/j.ceqi.2024.08.001","DOIUrl":"10.1016/j.ceqi.2024.08.001","url":null,"abstract":"<div><p>This study estimates union wage premiums and analyzes the influence of trade unions on the wage gap between rural migrants and local urban workers in China by employing the Blinder–Oaxaca decomposition method based on national longitudinal survey data from the China Family Panel Studies (2010–2018). The results indicate that the union wage premium among rural migrant workers is greater than that among local urban workers. The disparity in union density widens the wage gap, whereas the difference in union wage premiums narrows the wage gap between the two groups. Moreover, the contribution rate of the former is greater than that of the latter. These results suggest that expanding union coverage among rural migrant workers could effectively contribute to reducing the wage gap.</p></div>","PeriodicalId":100238,"journal":{"name":"China Economic Quarterly International","volume":"4 3","pages":"Pages 133-150"},"PeriodicalIF":1.9,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2666933124000418/pdfft?md5=8a097e40d580a7c7db85d94018391c06&pid=1-s2.0-S2666933124000418-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142229957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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