International Studies of Economics最新文献

{"title":"Housing Security, Relative Deprivation, and Subjective Well-Being: Empirical Evidence Derived From CFPS Data","authors":"Lingzhen Yao,&nbsp;Bei Qiao,&nbsp;Yuhan Hu","doi":"10.1002/ise3.70010","DOIUrl":"https://doi.org/10.1002/ise3.70010","url":null,"abstract":"<p>The housing issue significantly influences individuals' well-being. As a crucial mechanism for alleviating the housing issue, the housing security system has garnered increasing attention regarding its impact on residents' happiness. Utilizing data from the China Family Panel Studies (CFPS), this paper seeks to thoroughly investigate the effect of housing security on residents' subjective well-being and examine the mediating role and regulatory mechanisms of relative deprivation, particularly concerning income and consumption factors. The findings reveal that (1) compared to uninsured families, those with access to housing security experience a marked enhancement in overall happiness levels, indicating that the housing security system exerts a positive marginal effect on improving happiness among covered households. (2) Heterogeneity analysis indicates that the beneficial impact of housing security on subjective well-being is consistent across various age groups, with the most pronounced effects observed in individuals aged 26–40. For households facing low housing affordability, there exists a significantly positive correlation between housing security and subjective well-being—this relationship is even stronger than indicated by baseline regression results. Regional analyses demonstrate that housing security positively affects residents' subjective well-being in eastern and central China but negatively impacts those in western regions; notably, this effect is significant only for eastern Chinese residents. (3) Further exploration revealed that first, housing security substantially mitigates families' sense of income relative deprivation which subsequently enhances their subjective well-being; second, after controlling for household consumption disparities, we observe an increase in the coefficient associated with housing security compared to baseline regression outcomes—suggesting that differences in household consumption may attenuate the positive influence of housing security on happiness. This research not only elucidates the tangible effects of existing housing policies but also provides empirical evidence and theoretical support for government efforts aimed at formulating more precise policies designed to enhance residents' satisfaction.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"21 2","pages":"163-175"},"PeriodicalIF":0.5,"publicationDate":"2026-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70010","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148153651","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Soft Power in Trade: Quantifying the Impact of Confucius Institutes on China's Exports","authors":"Renjing Chen,&nbsp;Wei Jin,&nbsp;Tangrui Yang","doi":"10.1002/ise3.70008","DOIUrl":"https://doi.org/10.1002/ise3.70008","url":null,"abstract":"<p>This paper investigates the role of Confucius Institutes (CIs) as a form of China's cultural diplomacy and their impact on international trade, particularly exports. Using a gravity model, we analyze data from 1990 to 2019 across countries, finding that the presence of CIs significantly boosts China's exports. Robustness checks confirm this effect across various specifications, including imports and sector-level data. Mechanism analysis reveals that CIs enhance China's image, increasing trade by fostering positive perceptions abroad. The study further identifies pronounced trade effects in high-income nations, and regions with shorter cultural distance from China. Our findings suggest that cultural output via Confucius Institutes not only advances China's soft power but also serves as a strategic tool to promote trade globally, with differentiated goods benefiting the most.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"21 2","pages":"147-162"},"PeriodicalIF":0.5,"publicationDate":"2026-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70008","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148153505","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impacts, Mechanisms, and Patterns of China Rural Collective Economic Development With Common Prosperity for All","authors":"Qingen Gai,&nbsp;Zhiqiang He,&nbsp;Fangfang Su,&nbsp;Wencheng Zhao","doi":"10.1002/ise3.70004","DOIUrl":"https://doi.org/10.1002/ise3.70004","url":null,"abstract":"<p>As a fundamental tenet of socialism with Chinese characteristics, pursuing common prosperity for all entails reducing urban-rural disparities while simultaneously increasing rural household income. This study utilizes interview and survey data from the “Chinese Thousand Villages Survey” conducted by the Shanghai University of Finance and Economics in 2019 and 2021. We explore the extent to which advancing China's rural collective economy contributes to uplifting rural household incomes by quantitatively assessing the impacts and mechanisms through which rural collective economic development influences rural household income. Our findings reveal that advancing rural collective economies substantially elevates rural household income levels. Specifically, for every 10% increase in rural collective operating income, rural household total annual income rises by 3.08%. Furthermore, rural collective economic development fosters household income growth through the mechanisms of labor allocation, industrial advancement, and revenue distribution. We also use case studies to provide a practical reference for collective economic development patterns, delineating the quintessential patterns of collective economics in China using real-world examples. We categorize these into four distinct patterns: natural scenery development, rural culture development, land resources leasing, and rural industrial development. This study evaluates the significant role that rural collective economic development plays in augmenting rural household income, offering insights that may serve as a reference for realizing common prosperity.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"21 1","pages":"57-72"},"PeriodicalIF":0.5,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70004","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147566755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Coordination Effect of Oligopolists' Multimarket Contact","authors":"Zuo Yu,&nbsp;Tianyu Luo","doi":"10.1002/ise3.107","DOIUrl":"https://doi.org/10.1002/ise3.107","url":null,"abstract":"<p>In this article, we examine the coordination effect of oligopolists' multimarket contact with asymmetric cost. We extend a model of infinitely repeated multimarket contact games with “symmetric advantage” in the seminal paper of Bernheim and Whinston (<i>The RAND Journal of Economics</i> 1990; 21(1): 1–26). We consider Stackelberg and Cournot competition as the stage game while Bernheim and Whinston consider Bertrand competition. Different from Bernheim and Whinston, we show that collusive sustainability under multimarket contact is the same to single-market if the stage games are Stackelberg competition. Our research has policy implications for the antimonopoly review of the merger and detecting cartels.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"21 1","pages":"45-56"},"PeriodicalIF":0.5,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.107","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147564667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Revisiting the Impact of Foreign Direct Investment on Crime: A Global Analysis","authors":"Yuan Chen,&nbsp;Zheming Liang,&nbsp;Ciqiao Wang,&nbsp;Zhengle Xu","doi":"10.1002/ise3.70001","DOIUrl":"https://doi.org/10.1002/ise3.70001","url":null,"abstract":"<p>Drawing upon extensive literature on Foreign Direct Investment (FDI) spillovers, we hypothesize that FDI inflow represents a double-edged sword with respect to crime in host countries. On one hand, FDI can contribute to economic growth and social well-being by infusing capital and knowledge into the host countries, thereby potentially inhibiting criminal activities, as economic theories of crime suggest. On the other hand, the inflow of FDI can also trigger a process of crowding out, leading to the displacement of local firms, job losses, and subsequently fueling crime. By constructing a global data set of property crime and violent crime, this study demonstrates that FDI inflow inhibits crime in lower- and higher-income countries, whereas it tends to promote crime in middle-income countries. These effects are more significant for violent crime than for property crime. Notably, despite income levels, inequality in host countries amplifies the inhibiting influence of FDI inflow on property crime. These findings present a novel perspective on the social spillover effects of FDI and provide valuable insights for policymakers seeking to mitigate crime. Additionally, this study underscores the importance for middle-income countries to establish efficient social welfare systems to counterbalance the potential crime-promoting effect of FDI.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"21 1","pages":"9-28"},"PeriodicalIF":0.5,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147565208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Estimating Treatment Effects With Limited Exogeneity: A Machine Learning Approach to Selection Bias","authors":"Rui Sun,&nbsp;Shiyi Chen","doi":"10.1002/ise3.70028","DOIUrl":"https://doi.org/10.1002/ise3.70028","url":null,"abstract":"<p>This paper presents a novel method for estimating treatment effects in cases where prior knowledge of the exogeneity of the treatment variable is limited. We employ a machine learning technique, double selection via Lasso, to identify a robust set of control variables without requiring prior assumptions about their specific identities or functional forms. Our approach then leverages the principle that, under certain conditions, the selection on observables can provide bounds on the selection bias from unobservables. To illustrate the effectiveness of this method, we apply it to an empirical analysis examining the impact of legalized abortion on crime rates.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"21 1","pages":"2-8"},"PeriodicalIF":0.5,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70028","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563496","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Can Central Bank Communication Guide Individuals' Expectations About the Macroeconomy? Evidence From a Randomized Information Experiment in China","authors":"Yuying Jin,&nbsp;Sunyao Xia","doi":"10.1002/ise3.70006","DOIUrl":"https://doi.org/10.1002/ise3.70006","url":null,"abstract":"<p>Communication with the market to guide public expectations has become a pivotal monetary policy instrument for central banks worldwide. Therefore, assessing the efficacy of communication in influencing personal expectations is essential for central banks. To examine the effectiveness of communication by the People's Bank of China (PBC), we conduct a randomized experiment in which subjects receive excerpts from China's Monetary Policy Implementation Report (MPIR) for the third quarter of 2022 as information interventions. This study exploits the exogenous variation generated by the treatment to explore how central bank communication influences individuals' expectations regarding the macroeconomy. The key findings are as follows: First, positive communication from the central bank can steer individuals' expectations about the likelihood of a recession in line with the central bank's objectives, and this effect is more pronounced among those who read financial news less frequently. Second, clear and specific retrospective communication is more effective in guiding expectations about the macroeconomy than vague and complex forward-looking communication. Third, PBC communication affects individuals' consumption plans, supporting the central bank's economic growth objectives.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"21 1","pages":"73-89"},"PeriodicalIF":0.5,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70006","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147564510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Navigating the Uncertainty: Unveiling the Impact of Trade Policy Uncertainty on GVC Ascent in Chinese Listed Companies","authors":"Shiyi Wu,&nbsp;Rui Niu","doi":"10.1002/ise3.70000","DOIUrl":"https://doi.org/10.1002/ise3.70000","url":null,"abstract":"<p>This study is based on real options theory and uses a sample of Chinese listed companies from 2000 to 2016 to investigate the dynamic process and mechanisms by which trade policy uncertainty affects the upgrading of enterprises within the global value chain (GVC). The article finds that trade policy uncertainty has a positive forcing effect on enterprise GVC upgrading. In an environment of trade policy uncertainty, factors affecting enterprise upgrading in the GVC include both internal and external risks. Internal risks encompass the understanding of multinational strategies by executives and operational risks. External risks include the vulnerability of supply chains and dependence on cross-border profitability. The interaction effect reveals that correct internal decision-making and risk avoidance in transnational operations are far more important than dealing with external risks. Additionally, the positive impetus brought about by trade policy uncertainty is more pronounced in private enterprises, non-high-tech firms, and those with weaker financial constraints.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"21 1","pages":"29-44"},"PeriodicalIF":0.5,"publicationDate":"2026-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70000","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Estimating common impact in class action litigation: A two-step method","authors":"Yonghong An","doi":"10.1002/ise3.70017","DOIUrl":"https://doi.org/10.1002/ise3.70017","url":null,"abstract":"<p>A central question in class action litigation is all or nearly all proposed class members were injured by the alleged conduct, that is, does “common impact” exist. In this paper, we demonstrate that a two-step econometric methodology can be used to estimate customer-level overcharges, providing a basis for evaluating whether common impact exists. The estimates obtained from this methodology possess desirable properties. We also address several common misunderstandings and misinterpretations of the two-step approach in practice.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"20 3","pages":"226-235"},"PeriodicalIF":0.5,"publicationDate":"2025-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70017","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144923436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Dynamic Henry George Theorem and Optimal City Sizes","authors":"Shihe Fu","doi":"10.1002/ise3.70013","DOIUrl":"https://doi.org/10.1002/ise3.70013","url":null,"abstract":"<p>The Henry George Theorem (HGT) in static models states that when a city has an optimal population size, aggregate urban differential land rents exactly cover costs of pure public goods. This paper extends the static HGT to dynamic settings. Through a series of dynamic models, the paper tentatively concludes that the HGT holds in dynamic settings in terms of present value—the present value of urban differential land rents equals the present value of public goods expenditure. In urban economies with congestion externalities or production externalities, the dynamic HGT still holds if externalities are priced correctly.</p>","PeriodicalId":29662,"journal":{"name":"International Studies of Economics","volume":"20 2","pages":"211-223"},"PeriodicalIF":0.5,"publicationDate":"2025-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ise3.70013","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144714815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}