IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-07-14 DOI: 10.1016/j.chieco.2024.102241

Chaoying Li , Chunxiao Geng , Jian Sun , Chun Yuan

引用次数: 0

Pre-marital homeownership as self-protection against divorce risks: Evidence from China's property division regime change 婚前购房是防范离婚风险的自我保护措施：来自中国财产分割制度变革的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-07-14 DOI: 10.1016/j.chieco.2024.102237

Yu Zhang , Ge Yang , Muhan Li , Mengjie Yao

{"title":"Pre-marital homeownership as self-protection against divorce risks: Evidence from China's property division regime change","authors":"Yu Zhang , Ge Yang , Muhan Li , Mengjie Yao","doi":"10.1016/j.chieco.2024.102237","DOIUrl":"10.1016/j.chieco.2024.102237","url":null,"abstract":"<div><p>This paper examines the effect of uninsurable divorce risks on individuals' pre-marital homeownership by using an exogenous shift of the property division regime upon divorce from an equal-division regime to a title-based regime in China. This shift in 2011 aimed at protecting individuals' pre-marital assets, leading singles who worry about divorce risks to purchase a home prior to marriage. We find that singles' probability of owning a house prior to marriage increases by 3.2% in response to a one standard deviation increase in the divorce rate of their residing provinces. This effect is greater for female singles and singles above 30. Furthermore, the effect is stronger for singles with higher incomes, and singles living in the province with higher house prices. The empirical patterns are consistent with singles adopting pre-marital housing as a self-protection mechanism if they perceive great divorce risks after the regime shift in 2011. Our results provide important implications that housing serves not only as a durable consumption or an investment, but also as a self-protection mechanism against uninsurable divorce risks.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102237"},"PeriodicalIF":5.2,"publicationDate":"2024-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141693177","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

Enhancing China's image in Africa: The role of the Belt and Road Initiative 提升中国在非洲的形象：一带一路 "倡议的作用

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-07-10 DOI: 10.1016/j.chieco.2024.102239

Ziwei Liu, Yibing Ding

{"title":"Enhancing China's image in Africa: The role of the Belt and Road Initiative","authors":"Ziwei Liu, Yibing Ding","doi":"10.1016/j.chieco.2024.102239","DOIUrl":"https://doi.org/10.1016/j.chieco.2024.102239","url":null,"abstract":"<div><p>Nowadays, countries face unprecedented mutual distrust, making it difficult to establish and maintain positive international reputations and country image. Using data from the eighth round of Afrobarometer and the GDELT project, the paper examines how China's Belt and Road Initiative (BRI) affects its image in Africa. By using the multi-period difference-in-differences (DID) method, particular attention is paid to the perception of China's image among Africans as a result of the BRI. The study reveals several findings. Firstly, the BRI significantly improves China's image among Africans. Secondly, the BRI affects Africans' perceptions of China's image highly heterogeneously. In particular, women, the elderly, the unemployed, low-educated respondents, and those with limited media exposure suffer from more negative effects. Thirdly, the BRI enhances international opinion of China's image by increasing Chinese FDI, foreign aid, trade, and mutual cultural communications with Africa. Fourthly, in African countries, domestic mainstream public attention, and public praise and criticism can positively moderate the impact of the BRI on Africans' perceptions of China's image. These findings highlight the importance of economic cooperation and media portrayal in forming a country's image. The study emphasizes the necessity of reviewing the process and effectiveness of the BRI in Africa over the past decade. Additionally, it offers suggestions for both China and Africa to build a high-quality BRI, thus improving their bilateral economic cooperation.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102239"},"PeriodicalIF":5.2,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141606610","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

Can IP tribunals increase firm patent applications?—Empirical evidence from China 知识产权法庭能否增加企业的专利申请？

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-07-10 DOI: 10.1016/j.chieco.2024.102240

Yufei Zhang , Li Wang , Tengjiao He

引用次数: 0

Spillover effects of external economic shocks on African sovereign bonds 外部经济冲击对非洲国际主权债券的溢出效应

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-07-09 DOI: 10.1016/j.chieco.2024.102238

Hao Xiao , Jie Lin , Xiaoyang Tang

引用次数: 0

How does climate regulatory risk influence labor employment decisions? Evidence from a quasi-natural experiment 气候监管风险如何影响劳动力就业决策？来自准自然实验的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-07-06 DOI: 10.1016/j.chieco.2024.102236

William Mbanyele , Hongyun Huang , Linda T. Muchenje , Jun Zhao

{"title":"How does climate regulatory risk influence labor employment decisions? Evidence from a quasi-natural experiment","authors":"William Mbanyele , Hongyun Huang , Linda T. Muchenje , Jun Zhao","doi":"10.1016/j.chieco.2024.102236","DOIUrl":"https://doi.org/10.1016/j.chieco.2024.102236","url":null,"abstract":"<div><p>We exploit a green lending mandate as a quasi-natural experiment and estimate its effect on labor investment inefficiency of firms with high carbon risk. We document that heightened climate regulatory risk through mandatory green lending requirements motivates firms with higher carbon risk to adjust their labor investments to levels supported by economic fundamentals. We especially show that climate regulatory risk lowers labor investment inefficiency by curbing overinvestment in labor. This impact is more concentrated among firms that are more dependent on banks for liquidity, firms with severe financial constraints, and those with more institutional investors. After the green credit policy, we also observe an increase in bank lending costs and a reduction in loan maturities for carbon-intensive firms. Overall, our findings suggest that climate bank lending regulation is one of the major channels through which climate risks get embedded in labor employment decisions. In particular, green lending regulatory costs can have significant effects on corporate labor investment efficiency.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102236"},"PeriodicalIF":5.2,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141606011","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

Born by water: Does water resource reallocation promote entrepreneurship? 因水而生：水资源重新配置能否促进创业？

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-07-02 DOI: 10.1016/j.chieco.2024.102234

Shengming Hu , Yunyun Zhang , Yao Hu , Hui Wang

{"title":"Born by water: Does water resource reallocation promote entrepreneurship?","authors":"Shengming Hu , Yunyun Zhang , Yao Hu , Hui Wang","doi":"10.1016/j.chieco.2024.102234","DOIUrl":"https://doi.org/10.1016/j.chieco.2024.102234","url":null,"abstract":"<div><p>Is water the wellspring of entrepreneurship? This study addresses this question by leveraging the exogenous shock associated with China's South-to-North Water Diversion Project (SNWDP), and employing a staggered difference-in-differences model to evaluate the impact of water resource reallocation on entrepreneurship. The results yield three notable findings. First, the SNWDP can significantly promote entrepreneurship in water-receiving regions, and this conclusion follows a series of robustness tests. Second, heterogeneity analyses of water transfer routes, regional water endowments, and industrial water dependence indicate that the recipient regions along the East Route exhibits greater entrepreneurial vitality compared to the Middle Route, and the SNWDP provides stronger incentives for entrepreneurship for water-scarce regions and high water-consuming industries. Third, the mechanism test reveals that the SNWDP optimizes the local entrepreneurial environment, which promotes entrepreneurship, primarily by reshaping water input, output, and labor supply advantages of the affected regions. This study yields significant policy implications for the continual optimization of water resource allocation, aimed at fostering high-quality employment.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102234"},"PeriodicalIF":5.2,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141540256","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 welfare design on consumption patterns of the poor: Evidence from the recent Dibao reform in rural China1 福利设计对贫困人口消费模式的影响：近期中国农村地保改革的证据1

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-07-02 DOI: 10.1016/j.chieco.2024.102235

Yang Song, Zerui Cheng

{"title":"The impact of welfare design on consumption patterns of the poor: Evidence from the recent Dibao reform in rural China1","authors":"Yang Song, Zerui Cheng","doi":"10.1016/j.chieco.2024.102235","DOIUrl":"https://doi.org/10.1016/j.chieco.2024.102235","url":null,"abstract":"<div><p>In the recent anti-poverty campaign, China's minimum livelihood guarantee program (called Dibao in Chinese) experienced significant changes in that it now includes both cash transfer and special assistances such as education and healthcare subsidies. Therefore, the current Dibao program in China is a composite cash transfer program containing the nature of both unconditional and conditional cash transfers. This paper is the first attempt to examine the impact of a composite cash transfer program on consumption patterns of the poor population by utilizing exogenous variation in the differential size of increases in Dibao subsidy lines across cities. We find that the Dibao reform has a significantly positive effect on total consumption of poor households. In particular, the generosity of this composite cash transfer program increased human capital expenditures to a large extent including expenditures on healthcare and children's education. The Dibao reform also generates positive spillovers such as increasing school enrollment and improving academic performance for children in Dibao families.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102235"},"PeriodicalIF":5.2,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141593167","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 mandatory CSR disclosure on stock liquidity 强制披露企业社会责任对股票流动性的影响

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-06-28 DOI: 10.1016/j.chieco.2024.102232

Zhiyuan Li , Wenlian Lin , Sili Zhou

引用次数: 0

The role of information in nudging Chinese consumers from choosing sugar to alternative sweeteners 信息在引导中国消费者从选择糖转向替代甜味剂中的作用

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-06-27 DOI: 10.1016/j.chieco.2024.102233

Lijun Guan , Shaosheng Jin , Wen Lin

引用次数: 0

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