中国经济评论最新文献_第8页

Sectoral shocks, production linkages, and business cycles in China1 中国的部门冲击、生产联系和商业周期

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-06-04 DOI: 10.1016/j.chieco.2024.102211

Lunan Jiang , Young Sik Kim , Lin Zhang

引用次数: 0

City civilization, employment creation and talent agglomeration: Empirical evidence from “National Civilized City” policy in China 城市文明、就业创造和人才集聚：中国 "全国文明城市 "政策的经验证据

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-06-03 DOI: 10.1016/j.chieco.2024.102215

Meng Guo, Danglun Luo, Chen Liu

{"title":"City civilization, employment creation and talent agglomeration: Empirical evidence from “National Civilized City” policy in China","authors":"Meng Guo, Danglun Luo, Chen Liu","doi":"10.1016/j.chieco.2024.102215","DOIUrl":"10.1016/j.chieco.2024.102215","url":null,"abstract":"<div><p>China's rapid urbanization has intensified urban employment pressure. The National Civilized City (NCC) policy is a significant initiative in China aimed at promoting high-quality urban development. We utilize the NCC policy as a quasi-natural experiment and employ the staggered difference-in-difference method to empirically analyze the impact of urban civilization development on full employment and human capital level. The empirical results demonstrate that NCC policy significantly promotes urban entrepreneurship and employment creation, boosts labor demand of local enterprises, and enhances the human capital level. The positive effect on employment is significant in both talent-intensive and low- and medium-skilled intensive fields. In addition, heterogeneity tests show that this positive effect is more pronounced in low-tier cities and previously polluted cities. Finally, the mechanism analysis indicates that the NCC policy can enhance employment creation through investment promotion at the city level and by expanding production scale at the firm level. The NCC policy's impact on human capital level is supported by technological advancement and innovation emphasis mechanisms from the demand side, as well as talent agglomeration mechanism from the supply side. This study provides policy recommendations for local governments to leverage the achievements of civilized cities in promoting employment.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102215"},"PeriodicalIF":6.8,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141278676","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

Plant-level adjustments to imports and exports at the extensive margin 在广义边际上对进出口进行工厂层面的调整

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-06-01 DOI: 10.1016/j.chieco.2024.102212

Andreas Hauptmann , Hans-Jörg Schmerer , Benjamin Schwanebeck

引用次数: 0

Innovation Like China: Evidence from Chinese Local Officials' Promotions 创新如中国：来自中国地方官员晋升的证据

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-05-29 DOI: 10.1016/j.chieco.2024.102203

Bochao Chen, Hang Wang, Xianbin Wang

引用次数: 0

Tax incentives and firm social insurance contributions: Evidence from China 税收激励与企业社会保险缴费：来自中国的证据

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-05-27 DOI: 10.1016/j.chieco.2024.102210

Renrui Xiao , Pingguo Xu , Baocong Huang

{"title":"Tax incentives and firm social insurance contributions: Evidence from China","authors":"Renrui Xiao , Pingguo Xu , Baocong Huang","doi":"10.1016/j.chieco.2024.102210","DOIUrl":"https://doi.org/10.1016/j.chieco.2024.102210","url":null,"abstract":"<div><p>Tax incentives are closely related to employees' income. The relationship between tax incentives and firm social insurance contributions is underexplored in existing literature. We construct a theoretical model to portray the impact of tax incentives on firm social security contributions and use China's accelerated depreciation policy for fixed assets (AD reform) to test it empirically. We find that the tax incentives effectively increase the social security contributions of firms. This effect is more pronounced in large firms, firms with high capital intensity, firms with strong bargaining power of employees, and firms with social security contributions levied by the social security department. Moreover, the AD reform promotes improvements in firm productivity and performance by increasing investment in machinery and equipment, increasing the rents shared by firms with employees, and thus indirectly boosting firms' social security contributions. Overall, Our findings contribute to a deeper understanding of rent-sharing between firms and employees, as well as enhancing our understanding of the effective incidence of taxes in less developed regions.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"86 ","pages":"Article 102210"},"PeriodicalIF":6.8,"publicationDate":"2024-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141242164","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

Heterogeneous peer effects under endogenous selection: An application to local and migrant children in elementary schools in Shanghai 内生选择下的异质同伴效应：上海本地和外来务工人员子女在小学中的应用

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-05-23 DOI: 10.1016/j.chieco.2024.102207

Yuanyuan Chen , Shuaizhang Feng , Chao Yang

引用次数: 0

‘One System, Two Shadows’: A local public finance perspective on China's shadow banking system 一个体系，两个影子"：从地方公共财政视角看中国影子银行体系

IF 5.2 1区经济学

中国经济评论 Pub Date : 2024-05-22 DOI: 10.1016/j.chieco.2024.102209

{"title":"‘One System, Two Shadows’: A local public finance perspective on China's shadow banking system","authors":"","doi":"10.1016/j.chieco.2024.102209","DOIUrl":"10.1016/j.chieco.2024.102209","url":null,"abstract":"<div><p>Why does shadow banking persist in China despite repeated policy efforts to contain it? While studies of informal finance have traditionally emphasized the credit needs of private businesses as a demand-side explanation, this study contends that China's local public finance also constitutes an important driver for shadow banking. Based on document research and administrative data, we find that China's shadow banking system has bifurcated into two segments since the Global Financial Crisis (GFC). One is the ‘<em>entrepreneurial shadow’</em> that has long provided informal credit to the private sector, especially small- and medium-sized enterprises. The other is a ‘<em>fiscal shadow</em>’, which serves property developers and local government financing vehicles (LGFVs), the two pillars of China's land-based local public finance regime. Property developers are major contributors to local fiscal revenues through the land economy, while LGFVs function as off-balance sheet backdoor financing intermediaries for local governments.</p><p>Although localities have borrowed from unconventional sources throughout the reform era, the central government's GFC stimulus plan marked a turning point by fueling a debt-financed real estate and infrastructure construction boom. Property developers and LGFVs were launched onto a highly leveraged model of feverish expansion for over a decade. When the central government abruptly reversed its course by restricting the availability of formal credit, they became further entangled into the fiscal shadow for refinancing. Local public finance has thus become reliant on shadow banking, despite subsequent policy efforts to curb such activity. Our findings suggest the need for a more integrated analytic and regulatory framework that recognizes the mutual dependence between shadow banking and local debt – two major sources of systemic financial risks in China.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"87 ","pages":"Article 102209"},"PeriodicalIF":5.2,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1043951X24000981/pdfft?md5=b08373bc4ef292f20c88e6b50df27a00&pid=1-s2.0-S1043951X24000981-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141144090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Diet in China during substantial economic growth: Quality, inequality, trends, and determinants 经济大幅增长时期的中国饮食：质量、不平等、趋势和决定因素

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-05-21 DOI: 10.1016/j.chieco.2024.102208

Siqi Gao , Joel Cuffey , Gucheng Li , Wenying Li

{"title":"Diet in China during substantial economic growth: Quality, inequality, trends, and determinants","authors":"Siqi Gao , Joel Cuffey , Gucheng Li , Wenying Li","doi":"10.1016/j.chieco.2024.102208","DOIUrl":"https://doi.org/10.1016/j.chieco.2024.102208","url":null,"abstract":"<div><p>This study investigates inequality in diets in China during its economic growth using data from the China Health and Nutrition Survey (1997–2011). Overall, diet quality was significantly improved over the 14 years, as indicated by the increasing mean of Chinese Healthy Eating Index (CHEI) scores from 40.76 in 1997 to 54.52 in 2011. Initially, dietary improvement favored affluent populations, leading to widening inequality, but it became more equitable in later years. Socioeconomic factors are critical determinants of inequality in diets, with urban-rural disparity being a significant barrier to equalizing diet quality. The results of the Oaxaca decomposition indicate that changes in inequality in diets are primarily driven by the extent to which nutritional choices respond to income fluctuations rather than the actual change in income itself. While women exhibited lower inequality in diets quality compared to men, they were more likely to be situated at a relatively lower level of diet quality. Furthermore, differences in health insurance coverage also play a significant role in the changes observed in inequality in diets. This study highlights the importance of considering income elasticity and its influence on dietary behaviors when examining the dynamics of income-based inequality in diets. Non-dietary factors, including basic health insurance and rural development initiatives, are essential in addressing the developing challenge of inequality in diets during economic growth phases.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"86 ","pages":"Article 102208"},"PeriodicalIF":6.8,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141090541","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

Estimation of industry-level basic digital capital services in China: A variable depreciation rate estimation method based on DSGE 中国产业层面的基础数字资本服务估算：基于 DSGE 的可变折旧率估算方法

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-05-20 DOI: 10.1016/j.chieco.2024.102199

Yunxia Liu, Fuping Li

{"title":"Estimation of industry-level basic digital capital services in China: A variable depreciation rate estimation method based on DSGE","authors":"Yunxia Liu, Fuping Li","doi":"10.1016/j.chieco.2024.102199","DOIUrl":"10.1016/j.chieco.2024.102199","url":null,"abstract":"<div><p>Accurately measuring the input of digital capital is of great significance for understanding the development pattern of China's digital economy, nurturing new quality productivity, and achieving high-quality development. However, existing representative studies often assume a constant depreciation rate for capital goods, which does not align with reality. In this paper, we address this limitation by introducing dynamic stochastic general equilibrium (DSGE) model that estimates the variable depreciation rate for each capital good. By setting the depreciation rate as a function of capital maintenance expenditures and utilization rates, we provide a more realistic approach. The empirical results obtained through Monte Carlo simulation demonstrate that the trend of depreciation rates for all types of capital goods aligns with China's economic development. Additionally, we find that investment-specific technology shock plays a significant role in affecting changes in the depreciation rates of capital goods. This shock leads to an increase in capital utilization rates and a decrease in capital maintenance expenditures, resulting in higher depreciation rates. Notably, the depreciation rate of basic digital capital is more sensitive to exogenous shock compared to non-digital capital. Furthermore, the paper estimates the basic digital capital service of 19 industries in China from 1981 to 2020. The results indicate a steady increase in the services provided by basic digital capital, with particularly rapid growth observed in industries such as information transmission, software and information technology services, and the financial sector. When comparing our estimation results with those of representative literature, we find that the national-level productive capital stock and the basic digital capital services estimated using our methodology closely align with existing literature. This validation confirms the effectiveness of our methodology and the reliability of the estimated industry-level basic digital capital services.</p></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"86 ","pages":"Article 102199"},"PeriodicalIF":6.8,"publicationDate":"2024-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141136153","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

Effect of ethnic stereotype threat on academic performance: Experimental evidence from rural China 民族刻板印象威胁对学习成绩的影响：来自中国农村的实验证据

IF 6.8 1区经济学

中国经济评论 Pub Date : 2024-05-20 DOI: 10.1016/j.chieco.2024.102204

Yueming Cao , Dan Wang , Yu Bai , Tong Ru

引用次数: 0