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Economic agglomeration and product quality upgrading: evidence from China 经济集聚与产品质量升级:来自中国的证据
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-10-01 DOI: 10.1080/14765284.2021.1985933
Dinggen Zhou, Yanguang Liu, Xiaohang Ren, Cheng Yan, Yukun Shi
{"title":"Economic agglomeration and product quality upgrading: evidence from China","authors":"Dinggen Zhou, Yanguang Liu, Xiaohang Ren, Cheng Yan, Yukun Shi","doi":"10.1080/14765284.2021.1985933","DOIUrl":"https://doi.org/10.1080/14765284.2021.1985933","url":null,"abstract":"ABSTRACT Based on merged custom import and export data and Chinese industrial enterprise data, this paper studies the influence of economic agglomeration incurred by urbanization in China on the products’ quality upgrading. We find that economic agglomeration can improve the product quality of Chinese enterprises. We further show that in the context of deepening trade liberalization, economic agglomeration leads enterprises to import more various intermediate products, thus helping to upgrade the quality of final products. The increase in the proportion of intermediate products imported from high-income countries will strengthen the role of economic agglomeration in upgrading the quality of products.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44664256","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}
引用次数: 5
Goals on the road: institutional innovations in carbon peak and carbon neutrality 道路上的目标：碳达峰和碳中和方面的制度创新
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-09-30 DOI: 10.1080/14765284.2021.1985934
K. Jia
{"title":"Goals on the road: institutional innovations in carbon peak and carbon neutrality","authors":"K. Jia","doi":"10.1080/14765284.2021.1985934","DOIUrl":"https://doi.org/10.1080/14765284.2021.1985934","url":null,"abstract":"ABSTRACT A low-carbon economy is not only vital to human survival but also to national energy security. The dual goals of carbon emission include those of a carbon peak and carbon neutrality, which are necessary for realizing new development patterns and promoting high-quality development in China. This study is focused on the innovation mechanism as applied to the dual goals of carbon emission, and two issues are considered – the overall carbon peak and carbon neutrality situation from resource tax and power reform perspective and the construction of a long-term mechanism to address environmental threats, such as smog. The continuous use of endogenous mechanisms to regulate the production and consumption behaviors of enterprises and people, as well as the means by which China may fully use its economic power to promote green, low-carbon, sustainable development are emphasized and analyzed.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45127609","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}
引用次数: 6
Chinese investment in East Africa: History, status, and impacts 中国在东非的投资：历史、现状和影响
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-09-30 DOI: 10.1080/14765284.2021.1966733
Ying Xia
{"title":"Chinese investment in East Africa: History, status, and impacts","authors":"Ying Xia","doi":"10.1080/14765284.2021.1966733","DOIUrl":"https://doi.org/10.1080/14765284.2021.1966733","url":null,"abstract":"ABSTRACT This paper investigates the development trajectory of Chinese investments in two East African countries and their implications for technology transfer. It traces the transformation of Chinese economic engagements with Africa since the early independence era. Most Chinese investments were established in the past decade, except for a few aid-driven investments created in the 1970s and those made by the first wave of Chinese expatriate entrepreneurs to East Africa in the 1990s. These recent investments have concentrated in construction-related industries, export-oriented garments industry, plastic recycling and reprocessing, and agro-business. In terms of technology transfer, there are local training efforts and signs for intra-industry spillovers. Large-scale Chinese investments or development projects have established formal training programs with explicit localization targets and are more likely to collaborate with government agencies or vocational training institutes. Moreover, horizontal and vertical spillovers have also taken the form of the development of sub-contracting, local supply, distribution networks, and imitation by local firms. Nevertheless, those industry-level spillovers are less systematic due to the limitations of local investors’ financial and technological capacity.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47786979","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}
引用次数: 2
The impact of governance improvement of institutional shareholders on firm value 机构股东治理改善对企业价值的影响
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-09-08 DOI: 10.1080/14765284.2021.1977081
Dan Li, Hong Li
{"title":"The impact of governance improvement of institutional shareholders on firm value","authors":"Dan Li, Hong Li","doi":"10.1080/14765284.2021.1977081","DOIUrl":"https://doi.org/10.1080/14765284.2021.1977081","url":null,"abstract":"ABSTRACT In this study, we investigate whether the measures to improve corporate governance of financial institutions promoted by the Chinese authorities in 2013 have contributed to the positive growth of the values of institutional investments in firms. Given the regulatory changes about financial institutions in 2013, we hypothesise that the improvement of corporate governance of financial institutions has a spillover effect and increases the performance of the companies that the institutions invest in. Our results are robust in supporting the hypothesis, even after we address for reverse causality issue. In particular, we verify that the spillover of governance, arising from the improvement of corporate governance in financial institutions, can strengthen the positive association between institutional ownership and firm value.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48873058","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}
引用次数: 2
Gengzi reflections: how did Chinese culture evolve in the last 180 years 庚子反思：中国文化在过去180年里是如何演变的
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-08-19 DOI: 10.1080/14765284.2021.1968708
Yinshan Tang
{"title":"Gengzi reflections: how did Chinese culture evolve in the last 180 years","authors":"Yinshan Tang","doi":"10.1080/14765284.2021.1968708","DOIUrl":"https://doi.org/10.1080/14765284.2021.1968708","url":null,"abstract":"ABSTRACT In its history, Chinese culture has experienced three big waves of developments. The first one was in the Warring State Period, instigated by a large number of philosophers who laid the foundations of Chinese culture. The second was the introduction of Buddhism and its final integration with Confucianism and Daoism in Southern Song dynasty (1127–1279). The third was represented by the introduction of science and social beliefs from the West (from 1840 onwards). This paper focuses on the cultural changes since 1840, from the Opium war to COVID-19 expands three Gengzi cycles. During the past 180 years, China has experienced one the most turbulent eras of its history, associated with immense culture changes. . In the recent 60 years, China has focused on economic development. The fast economic development and their response to COVID-19 have demonstrated that a system with Chinese characteristics will become the de facto system for China.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45627390","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}
引用次数: 1
Boosting economic growth through energy in Africa: the role of Chinese investment and institutional quality 通过能源促进非洲经济增长:中国投资的作用和制度质量
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-08-18 DOI: 10.1080/14765284.2021.1968709
A. Zakari, Irfan Khan
{"title":"Boosting economic growth through energy in Africa: the role of Chinese investment and institutional quality","authors":"A. Zakari, Irfan Khan","doi":"10.1080/14765284.2021.1968709","DOIUrl":"https://doi.org/10.1080/14765284.2021.1968709","url":null,"abstract":"ABSTRACT In 2019, Chinese investment rose to $110 billion across all sectors in Africa. However, there are many criticisms that the Chinese presence is a curse to the development of Africa. Hence, we direct our attention to unravel the truth about these allegations by examining the underlying effect of institutional quality and Chinese investment in Africa on energy consumption (EC) and its impact on economic growth. We applied a panel corrected standard error (PCSE) econometric procedure for a selected 21 sub-Saharan African countries. Our results show that energy consumption promotes economic growth. Similarly, the study revealed that the institutional quality and Chinese investment in Africa were the underlying factors for the positive effect of energy consumption and economic growth. Therefore, our results expand the economic growth literature and inform policymakers of the need to pay attention to bilateral trade and investment with China.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42475254","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}
引用次数: 63
Resurgent Asia; diversity in development 复苏的亚洲;发展多样性
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-07-20 DOI: 10.1080/14765284.2021.1953352
V. Balasubramanyam
{"title":"Resurgent Asia; diversity in development","authors":"V. Balasubramanyam","doi":"10.1080/14765284.2021.1953352","DOIUrl":"https://doi.org/10.1080/14765284.2021.1953352","url":null,"abstract":"The title of the book says it all. It is about the rebirth and growth of Asia towards the position of equivalence in the world economy, it once held in the historic past, but dwindled to insignificance by the middle of the twentieth century. In the year 1500, Asia accounted for 62% of both world income and population. But by the year 1820, though it had restored its share of population to 65%, its share in world income had declined to 56.5%, with India and China together accounting for almost 46% of the total. The decline in Asia’s share of world GDP continued unabated and reached a low of 14.9% by the year 1962 with a significant contribution by China and India to this decline. It is the revival of Asia from this state of the doldrums to one of the dramatic growth and development from 1970s onwards, which is aptly referred to by Deepak Nayyar as a resurgence of the Asian economies. The growth and development experience of each of the Asian countries discussed in the book differs significantly from that of the others as the subtitle of Nayyar’s book suggests. Deepak Nayyar has many strings to his bow: an eminent economist, a prolific writer, an administrator in academia and government, and an advisor to international institutions. His wide range of expertise and knowledge of economic development is reflected in his discussion of the decline and rise of Asia that collates many sides to the story. The analysis in the book is unique. It is grounded in economic theory and history and is not confined to a chronological narration of events or regression analysis-oriented conclusions. It complements other incisive reviews of the recent growth and development experience of the two large Asian economies; China – edited and authored by David, Chris, and Shujie (2010) and India = edited and authored by Rakesh (2018). This review discusses the main issues in Nayyar’s wide-ranging analysis of the growth and development of 14 major Asian economies.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1953352","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42366755","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}
引用次数: 0
Herding behavior in Hong Kong stock market during the COVID-19 period: a systematic detection approach 新冠肺炎期间香港股市羊群行为的系统检测方法
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-07-05 DOI: 10.1080/14765284.2021.1948320
Conghua Wen, Zixi Yang, Ruichun Jiang
{"title":"Herding behavior in Hong Kong stock market during the COVID-19 period: a systematic detection approach","authors":"Conghua Wen, Zixi Yang, Ruichun Jiang","doi":"10.1080/14765284.2021.1948320","DOIUrl":"https://doi.org/10.1080/14765284.2021.1948320","url":null,"abstract":"ABSTRACT The study intends to conduct a systematic mechanism for herding detection in the Hong Kong stock market. We take stocks from three market sectors as samples and investigate the existence of herding in the two periods: before and during the outbreak of COVID-19 in Hong Kong, from August 2019 to July 2020. We adopt CCK model-based OLS and quantile regression to examine herding in each observed period and employ HS model to measure the magnitude of herding during the time. The empirical results indicate the emergence of mild herding from August 2019 to January 2020, and the herding phenomenon is generally weakened between February and July 2020. Our study confirms the implication of the systematic herding detection mechanism that can improve the sensitivity of detection and capture the magnitude and variation of herding.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1948320","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48485709","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}
引用次数: 3
Introduction to special section on global trading system with the New American administration: China, United States and Europe 美国新政府全球贸易体系专题导论:中国、美国和欧洲
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-07-03 DOI: 10.1080/14765284.2021.1960138
K. Fung
{"title":"Introduction to special section on global trading system with the New American administration: China, United States and Europe","authors":"K. Fung","doi":"10.1080/14765284.2021.1960138","DOIUrl":"https://doi.org/10.1080/14765284.2021.1960138","url":null,"abstract":"ABSTRACT In this Introduction to the Special IIssue on Global trading system with the New American Administration: China, United States and Europe, three excellent papers are presented. The first paper highlights the central and eastern European countries’ views on their relationships with China in the era of the pandemic. The second paper by Gao and Shaffer (forthcoming) presents a detailed legal discussion on the global value chains, including new development in intellectual property rights laws in China. The third paper by Wen (forthcoming) proposes that China should continue to participate in the global trading system and further reduce unnecessary government interventions in trade, investment and innovation. Finally, the Introduction highlights various important papers published by this Journal that are relevant to the theme. For example, Fung, Aminian, Fu and Tung (2018) and Fung, Amininian, Fu, Rhee and Tung (2020) are the first to introduce a formal, analytical digital firm model in the discussions of U.S.-China relations. Other outstanding papers include Lau (2019a), Cheng, hitten and Hua (2019), Garcia Herrero (2019) and Lin and Wang (forthcoming), all published in this Journal.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42741914","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}
引用次数: 0
Connection issues: a study on the limitations of knowledge transfer in Huawei’s African training centres 连接问题:华为非洲培训中心知识转移局限性研究
IF 2
Journal of Chinese Economic and Business Studies Pub Date : 2021-07-01 DOI: 10.1080/14765284.2021.1943194
H. Tugendhat
{"title":"Connection issues: a study on the limitations of knowledge transfer in Huawei’s African training centres","authors":"H. Tugendhat","doi":"10.1080/14765284.2021.1943194","DOIUrl":"https://doi.org/10.1080/14765284.2021.1943194","url":null,"abstract":"ABSTRACT Huawei has built several training centres across Africa. This study establishes the purpose of these centres in Kenya and Nigeria and presents original data on their success based on their objectives. Fieldwork was conducted in 2018 and follow-up interviews continued by phone until 2021. I find that Huawe’s investments offer no significant opportunities for knowledge transfers that could foster technological or industrial upgrading in Kenya or Nigeria’s telecommunications sectors. In part, this is due to domestic obstacles in the host countries. But, like other international equipment vendors operating in the region, knowledge transfers are also hindered by the limited scope of Huawei’s investments and the boundaries on the knowledge it is willing to share with domestic employees. I conclude that Kenya and Nigeria’s governments may underestimate the leverage they have over international equipment vendors to induce more meaningful opportunities for knowledge transfer.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1943194","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45084641","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}
引用次数: 3
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