IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-15 DOI: 10.1016/j.chieco.2025.102416

Xionghe Qin , Dong Zhang , Song Wang , Seamus Grimes

{"title":"A blessing and a curse: Identifying how knowledge complexity influences regional innovation efficiency in the presence of varying spatial externalities","authors":"Xionghe Qin , Dong Zhang , Song Wang , Seamus Grimes","doi":"10.1016/j.chieco.2025.102416","DOIUrl":"10.1016/j.chieco.2025.102416","url":null,"abstract":"<div><div>The dual nature of knowledge complexity on innovation manifests as a blessing and a curse, emerging when it positively affects innovation outputs while contributing to innovation costs. The knowledge complexity exerts heterogeneous effects on innovation efficiency by expanding the scope of knowledge recombination and increasing the difficulty of knowledge transfer. This study employs a spatial Durbin model to empirically examine the effect of knowledge complexity on regional innovation efficiency by utilizing a dataset from 285 prefecture-level cities in China from 2004 to 2018. The findings demonstrate that knowledge complexity has a significant “inverted-U” nonlinear effect on local knowledge creation efficiency but positive effect on local technology transfer efficiency. The spatial spillover effects in both knowledge creation and technology transfer efficiency across adjacent cities suggest a considerable likelihood of convergences in innovation efficiency. Moreover, this study indicates a nuanced effect of knowledge complexity on regional innovation efficiency, contingent on the presence of varying spatial externalities. The positive moderating effect of inter-regional network externalities and knowledge complexity on knowledge creation is observed, coupled with the mediating role of local agglomeration externalities and knowledge complexity on technology transfer.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102416"},"PeriodicalIF":5.2,"publicationDate":"2025-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143851341","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

Inclusive growth dilemma: Weighing the pros and cons of land market reform 包容性增长的困境：权衡土地市场改革的利弊

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-14 DOI: 10.1016/j.chieco.2025.102415

Guangyu Xu , Huang Chen

{"title":"Inclusive growth dilemma: Weighing the pros and cons of land market reform","authors":"Guangyu Xu , Huang Chen","doi":"10.1016/j.chieco.2025.102415","DOIUrl":"10.1016/j.chieco.2025.102415","url":null,"abstract":"<div><div>The policy reform-induced tradeoff between efficiency and equality is a critical concern in promoting socially inclusive growth. However, there is limited evidence showing that whether a reform in enhancing the property right of a fundamental asset – land suffers or escapes from this tradeoff. We examine this question by evaluating the benefits and the drawbacks of a rural land market reform on income growth and income inequality. We employ a difference-in-difference method using a large-scale and long-term panel data from 1993 to 2014, covering 20,000 farmers in China to examine the impacts of the Rural Land Contracting Law (RLCL), which officially relaxed the restriction on land rental activities, initiated in 2003. Results show that the reform improved overall income by promoting agricultural land aggregation and farmers' non-farm activities, leading to a heterogeneous restructuring of income sources of farmers with different comparative advantages in farming or nonfarm works. Additionally, the reform widened rural-urban income gaps by stimulating productive young labors to conduct rural to urban short-distance migration. Third, the reform increased rural income inequality, which is mostly contributed by the enlarged disparity in farm incomes for farmers staying in villages. This study contributes to literature by revealing a property right improvement reform can exacerbate income inequality. Policymakers need to carefully weigh the pros and cons of agricultural land rights reforms and provide countermeasures to address threats to equity.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102415"},"PeriodicalIF":5.2,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143847444","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

Greening through finance? Based on the dual perspective of external constraints and internal governance 通过金融实现绿化？基于外部约束和内部治理的双重视角

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-14 DOI: 10.1016/j.chieco.2025.102414

Xiaomeng Zhao , Yinna Chen , Jiaming Wang

{"title":"Greening through finance? Based on the dual perspective of external constraints and internal governance","authors":"Xiaomeng Zhao , Yinna Chen , Jiaming Wang","doi":"10.1016/j.chieco.2025.102414","DOIUrl":"10.1016/j.chieco.2025.102414","url":null,"abstract":"<div><div>Green credit plays a crucial role in inducing enterprises towards green transformation and accelerating the achievement of “carbon peaking and carbon neutrality goals”. This paper uses Chinese A-share listed enterprises to empirically examine how the green credit policy facilitates the market-driven reversed transmission mechanism based on external constraints and internal governance perspectives and further explore the micro-environmental and economic effects. The results indicate that the Green Credit Guidelines (GCG) policy significantly promotes investment in green projects among green credit-restricted enterprises, mainly driven by external credit constraints and the internal environmental awareness of management. This reverse incentivizing effect varies systematically based on external constraints and internal governance factors, being most evident in state-owned enterprises, firms in competitive credit markets or under strong public environmental pressures, large firms, and those with strong internal controls or more independent directors. Further analysis reveals that firms mainly allocate green investments to develop environmentally beneficial products and technological upgrading. As a result, polluting firms witness improvements in economic performance, green innovation performance, and environmental responsibility. This research provides empirical evidence supporting the effectiveness of green financial systems and the improvement of green credit policy.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102414"},"PeriodicalIF":5.2,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143860678","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

Customer digital transformation and enterprise risk-taking: Evidence from Chinese supply chains 客户数字化转型与企业风险承担：来自中国供应链的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-14 DOI: 10.1016/j.chieco.2025.102418

Yibing Ding, Yining Sun, Xiaoou Zhang

{"title":"Customer digital transformation and enterprise risk-taking: Evidence from Chinese supply chains","authors":"Yibing Ding, Yining Sun, Xiaoou Zhang","doi":"10.1016/j.chieco.2025.102418","DOIUrl":"10.1016/j.chieco.2025.102418","url":null,"abstract":"<div><div>The rapid emergence and widespread adoption of digital technology have profoundly reshaped supply chain vertical integration. This study investigates how customer firms' digital transformation influences supplier firms' risk-taking decisions through digital spillovers in supply chains. Utilizing data from Chinese A-share listed companies and their customers from 2009 to 2022, we find that customer digitization significantly enhances suppliers' risk-taking propensity. The impact is asymmetric and stronger when the digitization level of customer exceeds that of supplier. Mechanism tests reveal that the increase in supplier firms' risk-taking ability, due to customer firms' digitization, is achieved through structural synergy (raising the level of supply chain synergy) and resource integration (alleviating suppliers' factor constraints). Heterogeneity analysis shows that the supply chain spillover effects of customer digital transformation are more pronounced when suppliers are non-state-owned enterprises, supply chains span larger geographic distances, the customer concentration is lower, and the digital gap between partners is narrower. Additionally, moderating effect analysis indicates that higher economic policy uncertainty and stronger corporate governance amplify the positive relationship between customer digital transformation and enterprise risk-taking. Further, customer-driven digitization improves suppliers' productivity and innovation. This research advances understanding of supply chain risk governance and offers insights for fostering digital economy and supply chain cooperation.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102418"},"PeriodicalIF":5.2,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143851342","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

Nonlinear relationship between the number of children and late-life cognition 子女数量与晚年认知的非线性关系

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-14 DOI: 10.1016/j.chieco.2025.102417

Yuting Bai , Shiko Maruyama , Si Wang

引用次数: 0

Interlocking directorates and firm performance: Evidence from China 连锁董事与公司绩效：来自中国的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-13 DOI: 10.1016/j.chieco.2025.102412

Muzi Chen , Guangxin Guo , Difang Huang , Yan Wang , Boyao Wu

{"title":"Interlocking directorates and firm performance: Evidence from China","authors":"Muzi Chen , Guangxin Guo , Difang Huang , Yan Wang , Boyao Wu","doi":"10.1016/j.chieco.2025.102412","DOIUrl":"10.1016/j.chieco.2025.102412","url":null,"abstract":"<div><div>Using a comprehensive manually compiled dataset of Chinese A-share listed companies, we construct an interlocking directorate network to examine its influence on firm performance and investigate the underlying economic mechanisms involved. Our findings reveal that the propensity for firms to share directors increases as the interlocking directorate network exhibits rapid growth in both size and density from 2007 to 2022. Further investigation demonstrates that the network exerts a significant positive impact on the performance of firms characterized by a higher degree of interlocking directorate connectivity and those occupying a more central position within the network. To address potential endogeneity concerns, we exploit the 2013 introduction of government official director resignation policy as a plausibly exogenous shock to the interlocking directorate network and show that the departure of interlocking directors adversely affects short-term firm performance, with a more pronounced impact on non-state-owned enterprises. These results underscore the pivotal role of interlocking directors in facilitating information exchange and resource sharing.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102412"},"PeriodicalIF":5.2,"publicationDate":"2025-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143850098","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

Toward consumer city: Subway network expansion and consumption industry growth 走向消费城市：地铁网络扩张，消费产业成长

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-10 DOI: 10.1016/j.chieco.2025.102411

Yanwen Yun, Yanxiao Li

引用次数: 0

Lost in translation: Dialect distance, social assimilation and immigrant crimes in China 迷失在翻译中：中国的方言距离、社会同化与移民犯罪

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-09 DOI: 10.1016/j.chieco.2025.102410

Wen Liu , Zhicheng Xu

{"title":"Lost in translation: Dialect distance, social assimilation and immigrant crimes in China","authors":"Wen Liu , Zhicheng Xu","doi":"10.1016/j.chieco.2025.102410","DOIUrl":"10.1016/j.chieco.2025.102410","url":null,"abstract":"<div><div>This study offers a novel perspective on migrant crime by focusing on internal migration within China, distinguishing it from the predominant literature that examines international migration. Using a large dataset of over 6 million criminal convictions during 2000–2020, we document the significantly positive link between the cultural barrier proxied by dialectal distances and the criminal behaviors among immigrants under the dyadic specification. This effect is particularly pronounced among migrants with lower educational attainment and male migrants. We employ a series of robustness checks and instrumental variable estimations, confirming the causality. Furthermore, we identify the underlying mechanism, showing that the impact of dialectal distance on crime is driven primarily by challenges in social assimilation and a weak sense of local identity, rather than factors such as immigrant population size or dialect communication barriers. These findings highlight the crucial role of fostering an inclusive pro-immigrant culture and supportive policies to reduce crime. Our study emphasizes the need to address cultural barriers and enhance social integration to mitigate criminal behavior among immigrant workers in China.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102410"},"PeriodicalIF":5.2,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143823870","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

Leveling the playing field: How intellectual property protection countervails foreign quality shocks 公平竞争：知识产权保护如何抵消国外质量冲击

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-07 DOI: 10.1016/j.chieco.2025.102408

Xiaotian Hu , Yibei Guo , Baomin Dong

{"title":"Leveling the playing field: How intellectual property protection countervails foreign quality shocks","authors":"Xiaotian Hu , Yibei Guo , Baomin Dong","doi":"10.1016/j.chieco.2025.102408","DOIUrl":"10.1016/j.chieco.2025.102408","url":null,"abstract":"<div><div>Innovation is critical to firm long-term growth. The relationship between shocks and innovation has been a classic topic of discussion, but the impact of foreign quality shocks on domestic enterprise innovation has received relatively little attention. Utilizing a comprehensive dataset covering a wide array of firms across different Chinese cities from 2008 to 2013 and employing an instrumental variable two-stage least squares (IV-2SLS) method to overcome endogeneity concerns, this study examines the impact of foreign quality shocks on domestic firms' innovation levels and the moderating role of local intellectual property protection (IPP). The findings indicate that foreign quality shocks can dampen firm-level effective innovation. The mechanism analysis shows that this negative relationship occurs through competition-to-obsolete, technological spread, and price-cost margin effects. We also confirm the network effect through which foreign quality shocks originating from upstream, horizontal, and downstream sectors affect firm innovation differently. The heterogeneity analysis shows this negative innovation response varies across firms in different regions, with different vertical integration and market shares. We further find that stronger IPP significantly countervails this adverse effect. This moderating relationship varies across firm groups regarding productivity, ownership, and patent intensity. These findings necessitate implementing adaptive policy frameworks that strategically balance intellectual property reinforcement with vertically-tiered innovation incentives, transforming global quality competition into sustainable growth through collaborative ecosystem development and cross-sector resilience building.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"91 ","pages":"Article 102408"},"PeriodicalIF":5.2,"publicationDate":"2025-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143823869","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 role of social networks and institutional support in cluster formation 社会网络和制度支持在集群形成中的作用

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-04-04 DOI: 10.1016/j.chieco.2025.102403

Shuanghe Shang , Xiaobo Zhang , Yunfei Zhang

引用次数: 0

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