China Economic Journal最新文献

{"title":"Enhancing connectivity of rules under the Belt and Road Initiative","authors":"LI Yuan","doi":"10.1080/17538963.2024.2339017","DOIUrl":"https://doi.org/10.1080/17538963.2024.2339017","url":null,"abstract":"As the co-construction of the Belt and Road Initiative (BRI) enters a new decade, promoting ‘soft connectivity’ of rules has become a crucial component of building the initiative with high quality....","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"61 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140576156","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Assessing infrastructure and trade connectivity through network analysis evidence from BRI countries","authors":"Sufrizul Husseini, Ahmed M Khalid, Gamini Premaratne","doi":"10.1080/17538963.2024.2334108","DOIUrl":"https://doi.org/10.1080/17538963.2024.2334108","url":null,"abstract":"The Belt and Road Initiative (BRI) is the world’s largest infrastructure investment that aims to improve economic integration and connectivity throughout Asia, Europe, and Africa. This paper invest...","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"16 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140324758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Biodiversity in China: challenges, efforts and prospects","authors":"Yuanning Liang, Shilong Zhuang","doi":"10.1080/17538963.2023.2300864","DOIUrl":"https://doi.org/10.1080/17538963.2023.2300864","url":null,"abstract":"","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"10 5","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139381993","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The role of government social media in enhancing environmental governance","authors":"Huyang Chang, Yixuan Li, Mengdi Liu","doi":"10.1080/17538963.2023.2300865","DOIUrl":"https://doi.org/10.1080/17538963.2023.2300865","url":null,"abstract":"","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"38 6","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139386371","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Environmental monitoring and enforcement in China: an economic perspective review","authors":"Ye Lyu, Lin Yang","doi":"10.1080/17538963.2023.2300863","DOIUrl":"https://doi.org/10.1080/17538963.2023.2300863","url":null,"abstract":"","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"38 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139386988","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The impact of ozone pollution on stroke hospitalization","authors":"Lyuxiu Li, Chao Ma, Wei Xu, Xin Zhang","doi":"10.1080/17538963.2023.2300868","DOIUrl":"https://doi.org/10.1080/17538963.2023.2300868","url":null,"abstract":"","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"31 23","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139389315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Extreme Weather and Complaints: Evidence from Chinese Netizens","authors":"Yajie Han, Hongjia Zhu","doi":"10.1080/17538963.2023.2300869","DOIUrl":"https://doi.org/10.1080/17538963.2023.2300869","url":null,"abstract":"","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"134 2","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139453432","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The environmental benefit of tax enforcement: evidence from China","authors":"Yuanyuan Luo, Ming-ang Zhang, Sihan Zhang","doi":"10.1080/17538963.2023.2300867","DOIUrl":"https://doi.org/10.1080/17538963.2023.2300867","url":null,"abstract":"","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"103 38","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139391350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Tests of goods market integration between China and European countries: a nonlinear nonparametric approach","authors":"Shu-Kam Lee, Lubanski Lam, Kai-Yin Woo","doi":"10.1080/17538963.2023.2277976","DOIUrl":"https://doi.org/10.1080/17538963.2023.2277976","url":null,"abstract":"ABSTRACTThe validity of purchasing power parity (PPP) between two economies implies goods markets of the two are well integrated. This is a pre-condition for further economic convergence. This study examines validity of the PPP between China and European countries. Since the functional form of the cointegrating relationship may not be exact or linear, we adopt the nonparametric rank tests for analysis, without prior specification of the functional form. We also address the rank problems that occur in multivariate rank tests. The results indicate strong support for nonlinear PPP relationships between China and European countries, especially during the second subsample period. This indicates China’s rising economic power, particularly in the most recent decade. Although there have been disputes between China and Europe, these results suggest favorable prospects for closer economic cooperation between the two sides and the need for formulation of common policies to pursue an integrated market in the future.KEYWORDS: PPPrank testChinaEuropeJEL CLASSIFICATION: C10F41 AcknowledgmentsWe gratefully acknowledge advice from editors and anonymous referees. The responsibility lies with the authors.Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1. 18 out of 27 EU countries have signed the BRI MOU (Memorandum of Understanding) up to March 2022. 6 of them (Austria, Cyprus, Italy, Greece, Luxembourg and Portugal) are in Western Europe. The others are from East and Central Europe. There are also non-EU BRI members in Europe such as Albania, Serbia and Turkey.2. PPP testing with the mixture of structural breaks and smooth transition adjustments is found in, for example, Bahmani-Oskooee, et al. (Citation2013) and He et al. (Citation2014).3. The UK officially left the EU on 31 January 2020, but the UK and EU agreed to keep many things the same until 31 December 2020, to allow enough time to agree to the terms of a new trade deal (https://www.bbc.com/news/uk-politics-32810887). In this paper, the UK is still considered an EU member in the sample period.4. Refer to the official website of the European Union available at: https://ec.europa.eu/info/euro-0_en for more details on adoption of the Euro.5. The results for Model A (unreported) indicate weak evidence of cointegration, and this may be due to the rank problem.6. The functional form for Model B becomes f1(pt) =get+ f2pt∗+ ut.7. Other divisions of subsamples applied to the data can be found in Table 4.8. For Ireland, PPP is rejected during the full and the first subsample but is accepted in the second subsample.9. The BRI countries in our sample that have PPP with China include Austria, Italy, Latvia, Lithuania, Luxembourg, Portugal, Hungary, Albania, Serbia and Turkey only.Additional informationFundingThis work was supported by the Research Grants Council, University Grants Committee of the Hong Kong Special Administrative Region (UGC/FDS15/B06/20). The responsibility lie","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"16 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136282599","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The valuation effect of going International: evidence from QDII in China","authors":"Zirun Wu, Jingwen Yu","doi":"10.1080/17538963.2023.2277977","DOIUrl":"https://doi.org/10.1080/17538963.2023.2277977","url":null,"abstract":"ABSTRACTThis paper attempts to evaluate the valuation effect of deregulation policy on capital outflows by an event study approach. Using the policy announcement of Qualified Domestic Institutional Investor (QDII) and Bond Connect in China, we find a short-term valuation effect that the stock market responds negatively to the deregulation on capital outflows and firm’s size could act as a shield to defend this shock. Moreover, the financially constrained firms are more negatively affected by this policy shock, suggesting that financial vulnerability is an important force driving down the stock valuation. Finally, both the quality of corporate governance and bureaucratic quality of local government could help firms to avoid valuation loss from this policy shock especially those with tight financial constraints.KEYWORDS: Capital controlscapital outflowsChinese economyvaluation effectJEL CLASSIFICATION: F32F42G32 Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1. https://xueqiu.com/7552001880/163183133.2. We use the minor deregulation events for the robustness check in the following analysis.3. CSI 300 Index aiming to reflect the overall performance of China A-share market consists of the 300 largest and most liquid A-share stocks.4. SSE 50 Index selects 50 largest stocks of good liquidity and representativeness from Shanghai security market. The objective is to reflect the complete picture of those good quality large enterprises, which are most influential in Shanghai security market.Additional informationFundingNational Natural Science Foundation of China (72373112, 72073102). Major Program of the National Social Science Foundation of China(23ZDA037).","PeriodicalId":45279,"journal":{"name":"China Economic Journal","volume":"29 27","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135818311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}