中国经济评论Pub Date : 2025-03-11DOI: 10.1016/j.chieco.2025.102391
Sheng Hua , Huina Liu , Zheng Ji , Han Liang
{"title":"The impact of air pollution on crowdfunding donations for critical illnesses: Evidence from China","authors":"Sheng Hua , Huina Liu , Zheng Ji , Han Liang","doi":"10.1016/j.chieco.2025.102391","DOIUrl":"10.1016/j.chieco.2025.102391","url":null,"abstract":"<div><div>The study explores the relationship between air pollution and individual philanthropic donations, specifically within the context of crowdfunding for critical illnesses. We analyze 113,974 crowdfunding projects for critical illness on Qingsongchou (QSC), China's leading medical crowdfunding platform, from March 22, 2015, to October 1, 2018, to evaluate the influence of air pollution (measured by AQI) on donations for critical illness, with an emphasis on the donors. We find that donation reduces by 2 % for every standard deviation rise in AQI. We attribute this reduction to the psychological and cognitive effects induced by air pollution, since donations for critical illnesses—typically scattered and small-scaled—are more susceptible to these external factors. Using Baidu Index data, we confirm that heightened air pollution increases attention to pollution, triggers negative emotions, and amplifies perceptions of distrust, collectively leading to a decline in crowdfunding donations.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102391"},"PeriodicalIF":5.2,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143643809","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-03-11DOI: 10.1016/j.chieco.2025.102390
Lingfang Li (Ivy) , Jiehong Qiu , Gang Fang
{"title":"The effect of electricity time-of-use plans: Evidence from the industrial sector in China","authors":"Lingfang Li (Ivy) , Jiehong Qiu , Gang Fang","doi":"10.1016/j.chieco.2025.102390","DOIUrl":"10.1016/j.chieco.2025.102390","url":null,"abstract":"<div><div>Time-of-use (TOU) pricing plans are crucial energy market mechanisms implemented worldwide. Using a staggered difference-in-differences research design and hourly electricity data from industrial customers, this study goes beyond simply assessing the effectiveness of TOU pricing. It investigates under which circumstances TOU pricing may effectively contribute to peak shaving and valley filling. Our results indicate that high-peak-price TOU pricing may induce peak-shaving effects for both large- and small-scale industrial customers but does not lead to valley filling. Conversely, low-peak-price TOU pricing increases electricity consumption among large-scale industrial customers, regardless of whether it is a peak or valley period. In terms of expenditure, the shift from a flat rate to TOU pricing is associated with a 1.7 % reduction in monthly electricity costs for large-scale industrial customers. Furthermore, high-peak-price TOU pricing significantly improves demand stability, leading to a 4.7 % reduction in the peak-to-valley load ratio.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102390"},"PeriodicalIF":5.2,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143629537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-03-11DOI: 10.1016/j.chieco.2025.102389
Jie Dian , Shanmin Li , Tian Song
{"title":"Achieving the synergy of pollution and carbon emission reductions: Can artificial intelligence applications work?","authors":"Jie Dian , Shanmin Li , Tian Song","doi":"10.1016/j.chieco.2025.102389","DOIUrl":"10.1016/j.chieco.2025.102389","url":null,"abstract":"<div><div>Artificial intelligence (AI), a key driving force in a new wave of scientific and technological revolution, contributes to green improvements in industrial production processes. Its rapid development provides a potentially feasible path for China to achieve the synergistic effects of pollution and carbon emission reductions. This study expands the production task model to theoretically analyze the impact and mechanism of AI applications on the synergy of pollution and carbon emission reductions. On this basis, we utilized panel data from Chinese cities to conduct empirical tests. The results indicated that AI applications have a considerable synergistic effect on pollution and carbon emission reductions. Technological innovation, energy structure optimization, and labor substitution are identified as the primary channels. The effects vary by urban location, characteristics, and industry. Compared with those in eastern and central cities, AI applications in western cities have a more pronounced impact on emissions reduction. Factors such as low human capital, high financial development, and moderate fiscal expenditure are more conducive to the effective application of AI. Moreover, the demonstration and competitive functions of AI applications generate substantial spatial spillover effects. The findings provide valuable policy insights for promoting urban intellectualization and greenization.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102389"},"PeriodicalIF":5.2,"publicationDate":"2025-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143619760","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-03-10DOI: 10.1016/j.chieco.2025.102387
Tianyu Huang, Yiyue Quan
{"title":"Narrowing the digital divide: The growth and distributional effect of internet use on income in rural China","authors":"Tianyu Huang, Yiyue Quan","doi":"10.1016/j.chieco.2025.102387","DOIUrl":"10.1016/j.chieco.2025.102387","url":null,"abstract":"<div><div>Improving income and equality among rural residents remain significant concerns for economists and policymakers. The recent proliferation of information and communication technologies, such as the Internet, provides a promising way to increase income but leads to concern about the digital divide. Notably, data limitations and regional heterogeneity have restricted empirical studies from determining the growth and distributional effects of Internet penetration on the income of rural households, and how these effects correlate with the first-(physical access), second-(use patterns and skills), and third-(use outcomes) level digital divides. This paper empirically investigates the causal effect of Internet use on rural household income by employing the difference-in-difference, propensity score matching, and instrumental variables methods, using panel data from the China Family Panel Studies between 2010 and 2018. We find robust results that Internet use significantly increases the income of rural households, which means the presence of the first-level digital divide exacerbates inequality, although it is narrowing. Additionally, different Internet use purposes that correspond to the second-level digital divide also have an impact on income. Interestingly, our analysis for heterogeneity reveals that rural households with lower education levels and incomes, and those residing in less-developed areas benefit more from Internet use, suggesting no significant third-level digital divide was found between vulnerable populations and those who are not. Overall, these findings have important policy implications. Providing communication infrastructure and popularizing Internet-use skills in rural areas may help narrow the digital divide and advance the goal of inclusive growth.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102387"},"PeriodicalIF":5.2,"publicationDate":"2025-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143643810","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-03-04DOI: 10.1016/j.chieco.2025.102378
Hui An , Yang Huang , Lifu Fan , Hao Wang , Xuan He
{"title":"The impact of the global financial cycle on China's cross-border capital flows","authors":"Hui An , Yang Huang , Lifu Fan , Hao Wang , Xuan He","doi":"10.1016/j.chieco.2025.102378","DOIUrl":"10.1016/j.chieco.2025.102378","url":null,"abstract":"<div><div>From the global financial cycle (GFC) perspective, this paper investigates the influence of global financial co-movement, triggered by changes of monetary policy in core countries, on China's cross-border capital flows. The study first constructs a mechanism framework to understand how the GFC affects cross-border capital flows within the push-pull framework. Using quarterly data from G7 and BRICs countries spanning 2006 to 2023, this paper builds a dynamic factor model based on Rey's classical GFC theoretical framework to measure the GFC and describes its characteristics across five stages, in conjunction with shift of monetary policy in core countries. Then, the analysis applies the MSVAR model to examine the nonlinear impact of the GFC on China's total cross-border capital flows, total capital inflows, and outflows. Furthermore, the study explores the heterogeneity of the impacts on direct investment, portfolio investment, and other investment. The results indicate that changes of monetary policy in core countries contribute to the formation of the GFC. When conventional monetary policy shifts to unconventional policy, the GFC enters an expansion period; conversely, when it reverts to conventional policy, the GFC enters a contraction period. Overall, the GFC positively affects China's total capital flows, with greater impact during expansion periods than contraction periods. The effect on total capital outflow surpasses that on total capital inflows. Furthermore, direct and portfolio investments demonstrate lower sensitivity to the GFC, whereas other investments, primarily consisting of cross-border bank loans, exhibit a pronounced pro-cyclical pattern with the GFC.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102378"},"PeriodicalIF":5.2,"publicationDate":"2025-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143594062","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-02-26DOI: 10.1016/j.chieco.2025.102373
Junyi Xiang , Dongmin Kong , Fan Zhang
{"title":"Labor cost, robots, and product quality","authors":"Junyi Xiang , Dongmin Kong , Fan Zhang","doi":"10.1016/j.chieco.2025.102373","DOIUrl":"10.1016/j.chieco.2025.102373","url":null,"abstract":"<div><div>Labor cost has rapidly increased in the past decades. However, little is known about its effect on the firm-level robot adoption, and evidence about the consequences of robot adoption on firm production is limited. Based on a novel dataset of robot adoption at the firm-level, we use geographic discontinuity design to identify that labor costs significantly increase robot adoption and further improve product quality. Our findings are robust to alternative specifications and particularly pronounced for foreign firms, and firms with low financial constraints, and general trade, and firms more dependence on unskilled labor, and firms in higher position in the value chain. When adopting robots to substitute labor, firms tend to employ (layoff) skilled (unskilled) labors, which increases expenses on employee training.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"90 ","pages":"Article 102373"},"PeriodicalIF":5.2,"publicationDate":"2025-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143534967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-02-25DOI: 10.1016/j.chieco.2025.102376
Zesu Hua, Shuning Kong, Yihua Yu
{"title":"Talent magnets in China: Can talent attraction policies catalyze digital transformation in enterprises?","authors":"Zesu Hua, Shuning Kong, Yihua Yu","doi":"10.1016/j.chieco.2025.102376","DOIUrl":"10.1016/j.chieco.2025.102376","url":null,"abstract":"<div><div>This study examines the impact of local talent attraction policies on enterprise digital transformation using a quasi-experimental design and data from A-share listed companies in China (2012–2019). Employing a difference-in-differences approach, we find that these policies significantly enhance digital transformation by improving human capital and expanding external digital resources. The effects are more pronounced in enterprises with large external executive compensation gaps, newly-appointed executive teams, younger leaders, better reputations, weaker financing constraints, and those in technology-intensive operations. Moreover, our analysis reveals that greater policy intensity, including more substantial housing or monetary subsidies, significantly promotes digital transformation. The findings highlight the importance of governmental talent management in fostering digital innovation and provide evidence for policies aimed at attracting skilled talent to boost industrial competitiveness.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"90 ","pages":"Article 102376"},"PeriodicalIF":5.2,"publicationDate":"2025-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143552970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-02-19DOI: 10.1016/j.chieco.2025.102372
Zhiyuan Li , Yichun Lin , Guanghua Wan , Ruochen Wu
{"title":"Participation in globalization and out of poverty: The opportunity provided by foreign investments","authors":"Zhiyuan Li , Yichun Lin , Guanghua Wan , Ruochen Wu","doi":"10.1016/j.chieco.2025.102372","DOIUrl":"10.1016/j.chieco.2025.102372","url":null,"abstract":"<div><div>When labor is released from agriculture, he may seek employment in manufacturing and earn a potentially higher income. This transition, however, will not occur without manufacturing demand for excessive agricultural labor. This paper examines the role of foreign direct investments in facilitating such transition. We develop a theoretical model to show that, capital (and technology embedded) provided by foreign investments is essential for released agricultural labor to be absorbed by manufacturing in developing countries. To empirically capture the causal impacts of foreign investments on manufacturing employment of transiting rural labor in China, we use shocks of natural disasters to agricultural production as instruments for the supply of rural labor, and a “leave-out-push-pull” technique to develop instruments for foreign investments. Our findings suggest that foreign investments have significant and crucial impacts on manufacturing employment of transiting rural labor, providing opportunities for them to participate in global production and rise above poverty.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102372"},"PeriodicalIF":5.2,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143548477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-02-18DOI: 10.1016/j.chieco.2025.102375
Yuke Luo , Shiyuan Liu , Yang Zhang , Miao Zeng , Dandi Zhao
{"title":"Digital pathways to resilience: Assessing the impact of digitalization on agricultural production resilience in China","authors":"Yuke Luo , Shiyuan Liu , Yang Zhang , Miao Zeng , Dandi Zhao","doi":"10.1016/j.chieco.2025.102375","DOIUrl":"10.1016/j.chieco.2025.102375","url":null,"abstract":"<div><div>Agricultural production, a cornerstone of human activity, is facing mounting challenges from instability and uncertainty. This study examines the impact of digitalization on the resilience of agricultural production in China, developing an innovative probabilistic framework able to assess agricultural resilience at the county level. The proposed model measures resilience as the likelihood of agricultural systems maintaining output above a defined baseline under uncertain conditions. Based on panel data of 1766 counties in China, this study reveals an inverted U-shaped relationship between digitalization and resilience. Specifically, whereas moderate digitalization enhances resilience, excessive digitalization introduces vulnerabilities. Mechanism analysis shows that digitalization drives rural income growth and optimizes factor utilization, but excessive digitalization widens income disparities and triggers resource outflows from agriculture. Results also show that new agricultural operating entities can mitigate the adverse effects of excessive digitalization by fostering collective action. These findings deepen our understanding of the complex mechanisms underlying agricultural digital transformation and offer practical insights for promoting resilience through balanced digitalization.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"90 ","pages":"Article 102375"},"PeriodicalIF":5.2,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143478668","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
中国经济评论Pub Date : 2025-02-18DOI: 10.1016/j.chieco.2025.102374
Xu Dong , Shuai Lv , Shilei Wu
{"title":"The green promise of digital finance: Exploring its effects and mechanisms on carbon reduction","authors":"Xu Dong , Shuai Lv , Shilei Wu","doi":"10.1016/j.chieco.2025.102374","DOIUrl":"10.1016/j.chieco.2025.102374","url":null,"abstract":"<div><div>In the digital era, whether digital finance contributes to carbon reduction is crucial for achieving global sustainable development goals. This study explores the effects and mechanisms of digital finance on carbon emissions using panel data from Chinese counties during 2014–2022. Findings show that digital finance has a positive impact on carbon reduction at the county level in China. Mechanism analysis reveals that digital finance promotes corporate green technology innovation, accelerates the market exit and clean transformation of enterprises with high pollution, high energy consumption, and high emissions (“three-high”), limits government land concessions for “three-high” industries, and improves local fiscal autonomy. These mechanisms act as important channels for reducing carbon emissions. Heterogeneity analysis indicates that digital finance has a stronger impact on carbon reduction in counties with a high level of fintech, a high degree of carbon lock-in, and low climate risk. Additionally, digital finance facilitates regional synergistic carbon reduction and the synergy between pollution and carbon reduction while enhancing ecological environment quality. Our work contributes to the literature on digital finance and green transition, and provides important implications for China and the world in tapping the potential of carbon reduction from the perspective of digital finance.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"90 ","pages":"Article 102374"},"PeriodicalIF":5.2,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143453162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}