IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-23 DOI: 10.1016/j.chieco.2024.102265

Jialiang Zhu , Jinnan Gu

{"title":"Intensified law enforcement and firm innovation: Evidence from China's antitrust consolidation","authors":"Jialiang Zhu , Jinnan Gu","doi":"10.1016/j.chieco.2024.102265","DOIUrl":"10.1016/j.chieco.2024.102265","url":null,"abstract":"<div><p>This paper examines the significant transformation in China's antitrust regulatory framework following the consolidation of its three primary antitrust agencies the Ministry of Commerce (MOFCOM), the National Development and Reform Commission (NDRC), and the State Administration for Industry & Commerce (SAIC) into the State Administration for Market Supervision (SAMR). Utilizing data from publicly listed firms across various industries, we analyze how firms in highly concentrated industries have adapted to this consolidation, by increasing the R&D investment, patent filing, and total factor productivity (TFP). Our mechanism channel indicates that stricter enforcement actions and fines by SAMR have spurred competition and innovation, with effects that are comparably significant across both state-owned enterprises (SOEs) and private firms. The paper contributes to the literature by providing an empirical assessment of the effects of this major restructuring within China's Anti-Monopoly Law (AML) enforcement. Our findings shed light on the broader implications of regulatory consolidations on firm innovation, offering insights into the efficacy of such transformations in antitrust policy.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102265"},"PeriodicalIF":5.2,"publicationDate":"2024-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142088468","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 tax enforcement on corporate energy efficiency: Evidence from a tax collection reform in China 税收执法对企业能效的影响：来自中国税收征管改革的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-23 DOI: 10.1016/j.chieco.2024.102260

Qiuhang Xing , Mengzhe Li , Gaoshuang Xu

引用次数: 0

Green credit and firms’ span of global production stages 绿色信贷与企业的全球生产阶段跨度

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-22 DOI: 10.1016/j.chieco.2024.102263

Jiatong Jiang , Jiansuo Pei , Meng Zhang

引用次数: 0

Traffic violations and economic preferences: Evidence from full-time drivers of a large transportation network company in China 交通违规与经济偏好：来自中国一家大型运输网络公司专职司机的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-22 DOI: 10.1016/j.chieco.2024.102255

Youxin Hu , Shaoqing Huang , Ming Jiang , Xiaoshu Xu

{"title":"Traffic violations and economic preferences: Evidence from full-time drivers of a large transportation network company in China","authors":"Youxin Hu , Shaoqing Huang , Ming Jiang , Xiaoshu Xu","doi":"10.1016/j.chieco.2024.102255","DOIUrl":"10.1016/j.chieco.2024.102255","url":null,"abstract":"<div><p>Safety has been a consistent issue with the rise of transportation network companies (TNCs), especially in China with annual revenue exceeding 1.5 trillion CNY. In this paper, we explore intrinsic factors that can influence the risky behavior of TNC drivers by investigating the link between their economic preference parameters and traffic violations. We measure the economic preferences of 160 full-time drivers on a large Chinese TNC platform and examine their violations over the previous 13 months. We have four major findings. First, more risk-averse drivers have less violations. Second, present bias and patience do not affect drivers' risky behavior except that more patient drivers commit more direction|sign violations, which may have been caused by the higher expectation of the gain from such a violation of patient drivers. Third, reciprocity reduces violations of all types. Drivers' belief of other people's pro-social inclination only affects dangerous violations with long duration, i.e., speeding, in which case they take advantage of other people's attentiveness. And finally, we find no evidence of driver fatigue. These results highlight how the advantage of TNC platforms in managing drivers' incentive can affect the negative externality drivers impose through risky driving behavior, and hence provide policy implications.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102255"},"PeriodicalIF":5.2,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142099360","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

How environmental information is capitalized into the housing market? Evidence from China's National Ambient Air Quality Standards 住房市场如何利用环境信息？来自中国国家环境空气质量标准的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-22 DOI: 10.1016/j.chieco.2024.102264

Kunlun Wang , Hongjiang Yao

引用次数: 0

Creating cities and food security challenge: Evidence from the city–county merger policy in China 创建城市与粮食安全挑战：来自中国市县合并政策的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-22 DOI: 10.1016/j.chieco.2024.102257

Wenhui Chen , Jinhai Xu , Xiangpo Chen , Xinyan Hu

{"title":"Creating cities and food security challenge: Evidence from the city–county merger policy in China","authors":"Wenhui Chen , Jinhai Xu , Xiangpo Chen , Xinyan Hu","doi":"10.1016/j.chieco.2024.102257","DOIUrl":"10.1016/j.chieco.2024.102257","url":null,"abstract":"<div><p>The prevailing literature posits a linear relationship between urbanization and food security. Using a policy in China that promotes government-led urbanization through creating cities, specifically city–county merger, we show the existence of a non-linear relationship. Based on the time-dynamic results obtained using national county-level panel data from 2000 to 2020, a potential non-linear characteristic of both decreasing and increasing trends before eventually dissipating has been identified. Mechanism analysis demonstrates that the city–county merger negatively impacts food security by causing labor mobility and cultivated land factor loss. However, the policy's integration of regional markets fosters quality and efficiency improvement in agriculture. The effects of amplified resource pressure and efficiency gains have opposing impacts that vary over time, ultimately resulting in a non-linear relationship. These insights into the debate on urbanization and food security have important policy implications for regions worldwide that are experiencing rapid urbanization, particularly for developing countries.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"88 ","pages":"Article 102257"},"PeriodicalIF":5.2,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142157724","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 effect of the end-number license plate driving restriction on reducing air pollution in China 尾号限行对减少中国空气污染的影响

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-20 DOI: 10.1016/j.chieco.2024.102252

Yuqi Song

{"title":"The effect of the end-number license plate driving restriction on reducing air pollution in China","authors":"Yuqi Song","doi":"10.1016/j.chieco.2024.102252","DOIUrl":"10.1016/j.chieco.2024.102252","url":null,"abstract":"<div><p>This study investigates the long-term efficiency of the long-run end-number license plate driving restriction in China, a traffic control policy that is partially aimed at reducing urban air pollution. A difference-in-differences regression is performed on a panel including nine cities that implemented this policy in staggered manner between 2008 and 2013. The results show that overall, this driving restriction does not improve air pollution in policy cities over the long-term. Quantitatively, the city-level air quality index has close-zero statistically insignificant changes by the policy, reaching only 3.9% reduction by 95% confidence interval lower bound of the estimate, translating to welfare gains of only 11.24 USD (70.62 CNY) per person per year, or 0.447 life years per capita. Further analysis with regression discontinuity in time and heterogeneity subgroup analysis illustrates that air pollution may first decrease due to the policy but then bounce back because of the behavioral adaptations of drivers purchasing a second car in cities without simultaneous car purchase restrictions. This shows that need to combine the end-number license plate policy with car purchase restrictions or electric vehicle promotions to achieve effective air pollution reductions over the long-term.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102252"},"PeriodicalIF":5.2,"publicationDate":"2024-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142049375","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

Maternity leave reform and women's labor supply: Evidence from China 产假改革与女性劳动力供给：来自中国的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-20 DOI: 10.1016/j.chieco.2024.102256

Yu Shen , Xueting Qie , Qingmiao Bi

引用次数: 0

Pollution haven or pollution halo? Testing direct and spillover effects of FDI 污染天堂还是污染光环？检验外国直接投资的直接效应和溢出效应

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-08-20 DOI: 10.1016/j.chieco.2024.102254

Xunyong Xiang , Ruier Liu , Wenjie Luo

引用次数: 0

Asymmetric employer learning and gender-based statistical discrimination in China 中国不对称的雇主学习和基于性别的统计歧视