IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-04 DOI: 10.1016/j.chieco.2025.102489

Ginger Zhe Jin , Hsienming Lien , Xuezhen Tao

{"title":"Top-up design and health care expenditure: Evidence from cardiac stents","authors":"Ginger Zhe Jin , Hsienming Lien , Xuezhen Tao","doi":"10.1016/j.chieco.2025.102489","DOIUrl":"10.1016/j.chieco.2025.102489","url":null,"abstract":"<div><div>Since 2006, Taiwan’s National Health Insurance (NHI) has covered the full cost of baseline treatment in cardiac stents (bare-metal stents, BMS). Still, it requires patients to pay the price difference for more expensive treatment (drug-eluting stents, DES). Within this “top-up” design, we study how hospitals responded to a 26% cut of the NHI reimbursement rate in 2009. In contrast with hospitals with no previous revenue from stent treatment, hospitals that were more revenue-dependent on cardiac patients reduced the likelihood of stent implantation by 21.2%, increased BMS usage per stent patient by 0.10 or 11.9% but not DES usage. Furthermore, while the average DES price remains insensitive to the rate cut across the whole sample, minor teaching hospitals previously more dependent on stent patients increased the DES price and therefore could recoup at least half of the revenue loss from the NHI rate cut in 2009-2010. In general, the rate cut was effective in reducing NHI expenditure without substantial changes in patient outcomes, although some minor teaching hospitals made moral hazard adjustments in response.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"93 ","pages":"Article 102489"},"PeriodicalIF":5.2,"publicationDate":"2025-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144596408","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}

引用次数: 0

Greater vulnerability but stronger recovery: The double-edged role of industrial clustering in climate risk scenarios 脆弱性更大，复苏更强：气候风险情景下产业集群的双刃剑作用

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-02 DOI: 10.1016/j.chieco.2025.102457

Ying Li

引用次数: 0

From social networks to sustainable solutions: Unpacking the influence of social capital on green innovation 从社会网络到可持续解决方案：揭示社会资本对绿色创新的影响

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-30 DOI: 10.1016/j.chieco.2025.102496

Yuanshun Li , Liang Liu , Xinyuan Li , Aoran Zhang

引用次数: 0

Digital finance development, financial mismatches, and corporate shadow banking activities 数字金融发展、金融错配与企业影子银行活动

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-30 DOI: 10.1016/j.chieco.2025.102495

Rui Yang , Rongrong Li , Xinyu Ge

引用次数: 0

Corporate charter autonomy and firms' investment efficiency 公司章程自治与企业投资效率

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-30 DOI: 10.1016/j.chieco.2025.102498

Feng Han , Qi Qin , Wentao Tian , Sen Zhang

引用次数: 0

Dual social identities, cross-cultural differences, and cooperation: Evidence from the One Country, Two Systems paradigm 双重社会身份、跨文化差异与合作：来自“一国两制”范式的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-27 DOI: 10.1016/j.chieco.2025.102493

Shutao Sun , Chunchao Wang , Fanzheng Yang , Li Yu

引用次数: 0

US monetary policy spillovers, maturity mismatch and Chinese corporate financing premium 美国货币政策溢出、期限错配与中国企业融资溢价

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-26 DOI: 10.1016/j.chieco.2025.102480

Dongzhou Mei , Jiaxin Wang , Mi Zhang

{"title":"US monetary policy spillovers, maturity mismatch and Chinese corporate financing premium","authors":"Dongzhou Mei , Jiaxin Wang , Mi Zhang","doi":"10.1016/j.chieco.2025.102480","DOIUrl":"10.1016/j.chieco.2025.102480","url":null,"abstract":"<div><div>The term premium of Chinese corporate bonds has become an important factor driving up the long-term financing rate, which is also highly synchronized with the US policy rate. We establish a Proxy SVAR model to investigate US monetary policy spillovers on the term premium, and we find that tightening US monetary policy leads to capital outflow from China, increasing the term premium, high long-term financing costs, and ultimately decreasing investment and output. We further construct a multi-sector open-economy DSGE model with financial friction to explain empirical findings. Results show that after a rise in the US policy rate, capital flows out from China and the balance sheet of financial intermediaries deteriorates, thereby causing a decline in long-term asset allocation and an increase in the term premium. Counterfactual analysis indicates that US monetary policy spillovers are amplified by maturity mismatch regarding the expansion of short-term foreign debt, holding of longer-duration bonds, and tightening of borrowing constraints. Finally, we compare the effects of short-term rate policy, asset purchase, and macro-prudential stabilization tax policy.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"93 ","pages":"Article 102480"},"PeriodicalIF":5.2,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144572359","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}

引用次数: 0

The impact of anti-corruption on migration and family welfare 反腐对移民和家庭福利的影响

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-26 DOI: 10.1016/j.chieco.2025.102492

Mengyue Zhang, Siyan Tang, Jinyang Ren

引用次数: 0

Reducing fertilizer overuse via mechanized fertilization in China: Is outsourcing more effective? 中国通过机械化施肥减少化肥过度使用：外包是否更有效？

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-26 DOI: 10.1016/j.chieco.2025.102491

Rong Cai , Hairan Zhao , Jie Ma

{"title":"Reducing fertilizer overuse via mechanized fertilization in China: Is outsourcing more effective?","authors":"Rong Cai , Hairan Zhao , Jie Ma","doi":"10.1016/j.chieco.2025.102491","DOIUrl":"10.1016/j.chieco.2025.102491","url":null,"abstract":"<div><div>This study examines the impact of different mechanized fertilization models- specifically, outsourcing fertilization services versus purchasing fertilization machinery- on fertilizer use intensity, using survey data from rice scale farms in East China. To address potential selection bias, we employ a treatment effect model to examine the average (homogeneous) impact of outsourcing and use an unconditional quantile regression model combined with a two-stage predictor substitution approach to explore the impact at different levels of fertilizer use intensity. Additionally, we construct a stochastic meta-frontier input distance function to evaluate fertilizer use efficiency and the fertilization technology gap ratio among farmers using different mechanized fertilization models. To further elucidate the mechanisms through which outsourcing influences fertilizer use intensity, we apply a fractional regression model. Empirical results reveal that outsourcing fertilization services significantly reduces fertilizer use intensity compared to the use of self-owned fertilization machinery, with an average decrease of 7.93 % per mu and 7.88 % per 100 kg of rice yield. Notably, the reduction is more pronounced among farmers with initially higher levels of fertilizer use intensity. While farmers using outsourcing achieve similar fertilizer use efficiency relative to their frontiers as those using self-owned fertilization machinery, they differ significantly in the fertilization technology gap ratio. Outsourcing significantly improves the technology gap ratio, suggesting that its advantage in reducing fertilizer use intensity primarily due to improved fertilization techniques.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"93 ","pages":"Article 102491"},"PeriodicalIF":5.2,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144523080","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}

引用次数: 0

Do children's time preferences predict future school outcomes? 孩子的时间偏好能预测未来的学习成绩吗？

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-24 DOI: 10.1016/j.chieco.2025.102490

Binglan Wu , Shuaizhang Feng , Yijing Zhang , Yujie Han

引用次数: 0

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