IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-12 DOI: 10.1016/j.chieco.2025.102481

Zhaoyong Chen , David Leung , Joseph Mai

引用次数: 0

The mitigating effects of blockchain adoption on supply chain financing disruptions under crises: Evidence from China 采用区块链对危机下供应链融资中断的缓解作用：来自中国的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-12 DOI: 10.1016/j.chieco.2025.102502

Haolin Li , Sirui Cheng , Xiuping Hua , Yong Wang

{"title":"The mitigating effects of blockchain adoption on supply chain financing disruptions under crises: Evidence from China","authors":"Haolin Li , Sirui Cheng , Xiuping Hua , Yong Wang","doi":"10.1016/j.chieco.2025.102502","DOIUrl":"10.1016/j.chieco.2025.102502","url":null,"abstract":"<div><div>The paper investigates the negative effect of the COVID-19 crisis on supply chain financing in China. It examines the role of blockchain adoption in mitigating such disruptions by using data from Chinese firms between 2015 and 2022 and employs textual analysis to construct indexes on firms' blockchain innovation and supply chain risk exposure. We find that firms with high supply chain risk experience a more significant reduction in formal and informal financing during the COVID-19 pandemic. Nevertheless, blockchain adoption helps provide more resilience to supply chain financing disruptions in the crisis by enhancing information transparency, corporate governance, and production network efficiency. Further analysis shows that the alleviation effect is heterogeneous and more pronounced for firms with private ownership and lower social trust. The main results remain consistent using alternative measures based on Generative Pre-trained Transformer (GPT), a large language model. Our paper highlights the importance of digital technology advancement in protecting supply chain security under crises.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"94 ","pages":"Article 102502"},"PeriodicalIF":5.2,"publicationDate":"2025-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144661951","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

Artificial intelligence and intra-firm pay dispersion: Evidence from China 人工智能与企业内部薪酬差异：来自中国的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-12 DOI: 10.1016/j.chieco.2025.102501

Tingyu Liu , Peng Huang , Qiaoru Wang

引用次数: 0

Technology, regulation, and the transformation of bank deposit business in China 中国银行存款业务的技术、监管与转型

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-12 DOI: 10.1016/j.chieco.2025.102497

Xinyu Ge , Yan Liu , Yutong Yang

{"title":"Technology, regulation, and the transformation of bank deposit business in China","authors":"Xinyu Ge , Yan Liu , Yutong Yang","doi":"10.1016/j.chieco.2025.102497","DOIUrl":"10.1016/j.chieco.2025.102497","url":null,"abstract":"<div><div>During the past decade, technology innovations and regulatory reforms have been swiftly transforming deposit business in China’s banking sector. To understand the transformation, this paper first constructs a model incorporating both large and small banks, as well as a FinTech sector, to analyze how technological and regulatory shocks impact bank deposit business. The paper then systematically examines the evolution of business practices and the differential responses of banks with varying sizes to three major shocks: the launch of Yu’e Bao in 2013, the full marketization of deposit rates in 2015, and the massive shadow banking regulation in 2017. Consistent with the model, large banks accelerate digital transformation and expand wealth management products following FinTech competition, while small banks compete more aggressively on deposit rates. The effectiveness of these strategies varies with market structure: large banks’ digital initiatives are more pronounced in regions with higher FinTech penetration, while small banks engage in more aggressive deposit rate competition in less concentrated markets. Our findings provide a comprehensive account of the evolution in the banking sector, with various policy implications in navigating the ever-evolving financial landscape in China.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"93 ","pages":"Article 102497"},"PeriodicalIF":5.2,"publicationDate":"2025-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144631496","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

Trade policy uncertainty and agricultural specialization: Evidence from rural household in China 贸易政策不确定性与农业专业化：来自中国农户的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-11 DOI: 10.1016/j.chieco.2025.102506

Guo Dongmei , Guo Tao , Li Bing , Xie Chaoping

引用次数: 0

Industrial policies and development of grain clusters: Evidence from China's policy in major grain-producing areas 产业政策与粮食集群发展：来自中国粮食主产区政策的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-11 DOI: 10.1016/j.chieco.2025.102505

Yinze Zhang, Jianqing Ruan, Yuwei Zhang

{"title":"Industrial policies and development of grain clusters: Evidence from China's policy in major grain-producing areas","authors":"Yinze Zhang, Jianqing Ruan, Yuwei Zhang","doi":"10.1016/j.chieco.2025.102505","DOIUrl":"10.1016/j.chieco.2025.102505","url":null,"abstract":"<div><div>Grain shortage remains a prominent concern in many developing countries. While clusters are recognized as effective forms of industrial organization, there is limited empirical studies regarding on which industrial policies effectively promote the development of grain clusters. This study addresses this gap by using a comprehensive dataset CCAD, which covers nearly all agro-related enterprises registered in China, through which we identified the enterprises in each link of the grain industry chain and provided a detailed account of the evolution of grain clusters. Employing a difference-in-differences strategy, we empirically evaluated the impact of China's policy in major grain-producing areas (MGPA) on grain clusters. Our findings indicate a significant contribution of the policy in MGPA to the development of grain clusters, and its impact varies across different links in the grain industry chain. Subsequent analyses reveal that the impact is driven by several mechanisms, including government fiscal support, grain subsidies, profit expectation and the the number and scale of entered grain enterprises. This study also finds that in areas where cooperatives and family farms are fully developed, policy effects are more pronounced. These findings highlight the crucial impact of industrial policies on shaping grain cluster development.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"93 ","pages":"Article 102505"},"PeriodicalIF":5.2,"publicationDate":"2025-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144657074","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

Socially appropriate intervention: A cross-country investigation of third-party norm enforcement 社会适当干预：第三方规范执行的跨国调查

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-10 DOI: 10.1016/j.chieco.2025.102459

Jichuan Zong , Eelke de Jong , Jianying Qiu , Jing Li

引用次数: 0

Does education affect fertility timing? Evidence from Taiwan 教育是否会影响生育时间？来自台湾的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-08 DOI: 10.1016/j.chieco.2025.102499

Yichen Shen

引用次数: 0

How air pollution affects innovation value in China urban area? 大气污染如何影响中国城市创新价值？

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-07-05 DOI: 10.1016/j.chieco.2025.102482

Zhuo Chen , Kunlun Wang

引用次数: 0

Top-up design and health care expenditure: Evidence from cardiac stents 充值设计和卫生保健支出：来自心脏支架的证据

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

中国经济评论最新文献