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The Determinants of China's Minimum Wage Rates 中国最低工资标准的决定因素
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-06-12 DOI: 10.1111/cwe.12489
Achim Schmillen, Michael Stops, Dewen Wang
{"title":"The Determinants of China's Minimum Wage Rates","authors":"Achim Schmillen,&nbsp;Michael Stops,&nbsp;Dewen Wang","doi":"10.1111/cwe.12489","DOIUrl":"https://doi.org/10.1111/cwe.12489","url":null,"abstract":"<p>We use a highly disaggregated panel of macro data and minimum wages at the county level to investigate the processes behind minimum wage adjustments in China. Relying on random effects models, spatial econometrics techniques, and multilevel analyses, we document that a comparatively small number of economic variables – including the local price level and GDP per capita – are important determinants of minimum wage rates. Interactions between adjacent counties and counties of the same administrative type, and centralized mechanisms, particularly at the provincial level, also play an important role in explaining the variance in minimum wage rates across counties. Finally, we show that China's provinces are the key players for setting minimum wage rates and that, when they do so, they are not uniform in the way they weigh different economic variables.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 3","pages":"59-91"},"PeriodicalIF":3.1,"publicationDate":"2023-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50149967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Officials' Foreign Experience and Firms' Exports: Evidence from China 官员的国外经验与企业的出口——来自中国的证据
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-06-12 DOI: 10.1111/cwe.12487
Yekun Xu, Guangyuan Ma, Lijuan Cui
{"title":"Officials' Foreign Experience and Firms' Exports: Evidence from China","authors":"Yekun Xu,&nbsp;Guangyuan Ma,&nbsp;Lijuan Cui","doi":"10.1111/cwe.12487","DOIUrl":"https://doi.org/10.1111/cwe.12487","url":null,"abstract":"<p>This study examines how the foreign experience of local officials affects firms' exports in China. Using a matched sample from 2000 to 2012, we found that the foreign experience of municipal Party secretaries had a significant impact on the promotion of firms' exports, especially for private firms. This positive impact was more pronounced when officials went abroad at a younger age, stayed abroad for a longer period, returned to China for a longer time, and had greater promotion incentives. We found that officials' foreign experience helped to mitigate the negative impact of institutional distance and provided firms with better access to export subsidies, both of which could promote exporting. There was also a complementary effect when officials and executives both had foreign experience. Overall, our study provides some insights into the economic outcomes of officials' foreign experience and sheds light on the export performance of Chinese firms.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 3","pages":"173-204"},"PeriodicalIF":3.1,"publicationDate":"2023-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50149966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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 Does the Regional Comprehensive Economic Partnership Affect the Restructuring of Global Value Chains? 区域全面经济伙伴关系如何影响全球价值链重组？
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-06-12 DOI: 10.1111/cwe.12488
Zijie Fan, Siyi Peng, Wenjie Hu
{"title":"How Does the Regional Comprehensive Economic Partnership Affect the Restructuring of Global Value Chains?","authors":"Zijie Fan,&nbsp;Siyi Peng,&nbsp;Wenjie Hu","doi":"10.1111/cwe.12488","DOIUrl":"https://doi.org/10.1111/cwe.12488","url":null,"abstract":"<p>This paper quantifies the way in which the Regional Comprehensive Economic Partnership (RCEP) affects the restructuring of global value chains (GVCs). It incorporates an input– output structure into a general equilibrium model, highlighting important differences between intermediates and final goods. Using tariff reduction schedules for the RCEP agreement and Asian Development Bank Multi-Region Input–Output database, it evaluates the impact of the RCEP's tariff cuts on vertical specialization and the GVC position index of members. It shows that the RCEP significantly increased vertical specialization and the weighted average number of stages for members for primary factors of production and final consumption, which led to more complex and longer production chains. This was mainly due to the trade creation in intermediates imported from member countries and those outside it. This is an important finding, distinct from traditional trade models without an input–output structure.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 3","pages":"140-172"},"PeriodicalIF":3.1,"publicationDate":"2023-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50149965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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: 1
Responsible Behavior of Irresponsible Companies: Air Pollution and Charitable Donations of Polluting Companies 不负责任企业的责任行为：空气污染与污染企业的慈善捐赠
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-06-07 DOI: 10.1111/cwe.12490
Weibing Li, Siyuan Chen, Kaixia Zhang
{"title":"Responsible Behavior of Irresponsible Companies: Air Pollution and Charitable Donations of Polluting Companies","authors":"Weibing Li,&nbsp;Siyuan Chen,&nbsp;Kaixia Zhang","doi":"10.1111/cwe.12490","DOIUrl":"https://doi.org/10.1111/cwe.12490","url":null,"abstract":"<p>The relationship between air pollution and charitable donations of companies has received little attention from academia. To make up for this defect, we use a regression discontinuity design based on the spatial discontinuity in air pollution created by China's winter heating policy in the north of Qinling Mountains–Huai River line to examine whether severe air pollution may cause polluting companies to make charitable donations. Our results consistently show that air pollution has a positive impact on the donations of polluting companies, regardless of whether the absolute donations, the relative donations, or the willingness to donate are used to measure donations. A series of robustness tests confirm that this relationship is causal. Furthermore, we find that under severe air pollution, the motivations of polluting companies to implement donation behaviors are to decrease the probability of environmental penalties, reduce environmental pollution costs, and decrease the extent to which air pollution affects company reputations.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 4","pages":"90-119"},"PeriodicalIF":3.1,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50123920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Inquiry Letters and Tax Aggressiveness 询价函与税务侵略
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-06-07 DOI: 10.1111/cwe.12491
Yewei Wu, Bofu Zhang
{"title":"Inquiry Letters and Tax Aggressiveness","authors":"Yewei Wu,&nbsp;Bofu Zhang","doi":"10.1111/cwe.12491","DOIUrl":"https://doi.org/10.1111/cwe.12491","url":null,"abstract":"<p>This study examined the impact of inquiry letters on corporate tax aggressiveness based on the special inquiry system in Chinese stock exchanges. It found that the receipt of inquiry letters significantly inhibited tax aggressiveness. The channel through which inquiry letters worked involved a monitoring effect on related-party transactions. The disincentive effect of inquiry letters on corporate tax aggressiveness was mainly found in firms with overseas operations, low-quality of internal control, and weak tax enforcement. Examining the textual information in inquiry letters, the results show that more questions and the demand for a specific opinion from the auditor led to a greater disincentive effect. The level of detail in firms' reply letters weakened this disincentive effect. Finally, the disincentive effect of tax aggressiveness was more pronounced when inquiry letters pointed to tax-related issues.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 4","pages":"37-65"},"PeriodicalIF":3.1,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50123926","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
School Boarding and Students’ Prosocial Behaviors: Evidence from Rural China 寄宿制与学生的亲社会行为——来自中国农村的证据
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-04-16 DOI: 10.1111/cwe.12486
Yunsen Li, Guochang Zhao, Yunlu Li, Liang Luo
{"title":"School Boarding and Students’ Prosocial Behaviors: Evidence from Rural China","authors":"Yunsen Li,&nbsp;Guochang Zhao,&nbsp;Yunlu Li,&nbsp;Liang Luo","doi":"10.1111/cwe.12486","DOIUrl":"https://doi.org/10.1111/cwe.12486","url":null,"abstract":"<p>This study investigated the effects of boarding at school on students’ prosocial behaviors in rural China using data from the National Children's Study of China. The instrumental variable (IV) approach was used to control for potential endogeneity, and the IVs were the proportion of boarding students in higher grades and the school area per student. The ordinary least squares and IV estimates showed that boarding students exhibited more prosocial behaviors, including compliance with rules, positive traits, and altruistic attitudes. These results were robust. Heterogeneity analyses suggested that students from low-income families, children who were not “left behind,” high-grade students, and female students were more likely to benefit from boarding. We found that these effects were primarily due to boarding students developing stronger feelings of trust and support from their peers and teachers and participating in more school-organized events and team activities.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 3","pages":"115-139"},"PeriodicalIF":3.1,"publicationDate":"2023-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50134115","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Impacts of Market-based Environmental Regulation on Green Total Factor Energy Efficiency in China 基于市场的环境规制对我国绿色全要素能源效率的影响
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-04-10 DOI: 10.1111/cwe.12485
Ge Li, Da Gao, Yi Li
{"title":"Impacts of Market-based Environmental Regulation on Green Total Factor Energy Efficiency in China","authors":"Ge Li,&nbsp;Da Gao,&nbsp;Yi Li","doi":"10.1111/cwe.12485","DOIUrl":"https://doi.org/10.1111/cwe.12485","url":null,"abstract":"<p>This study employed a difference-in-differences design to assess the effect of market-based environmental regulation on green total factor energy efficiency (GTFEE) in a quasi-natural experiment that investigated China's carbon emissions trading scheme (ETS). The empirical results show that ETS had a positive effect on GTFEE. A series of robustness tests revealed that the results were robust. Potential mechanisms through which ETS can improve GTFEE include the promotion of technological innovation and the upgrading of industrial structure. The positive effects varied in different cities and different regions – the result was pronounced in eastern China and developed cities, but it was insignificant in central and western areas and developing cities. This study confirms the satisfactory performance of China's ETS in improving GTFEE, and this is relevant for other emerging countries.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 3","pages":"92-114"},"PeriodicalIF":3.1,"publicationDate":"2023-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50127155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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: 18
Housing Boom, Dutch Disease, and the Decline in China's Manufacturing Exports 房地产繁荣、荷兰病与中国制造业出口下降
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-03-24 DOI: 10.1111/cwe.12471
Zhuqing Liu, Jiadong Tong
{"title":"Housing Boom, Dutch Disease, and the Decline in China's Manufacturing Exports","authors":"Zhuqing Liu,&nbsp;Jiadong Tong","doi":"10.1111/cwe.12471","DOIUrl":"https://doi.org/10.1111/cwe.12471","url":null,"abstract":"<p>Drawing on Dutch disease theory, we assess how the recent housing boom has contributed to a decline in China's manufacturing exports. Using Chinese city and enterprise panel data from 2004 to 2013, our analysis reveals that Dutch disease indeed exists and that the housing price increase has played a very important role in affecting China's manufacturing exports through two key channels: resource movement effect and spending effect. Specifically, this paper found that: (i) the housing price increase hindered labor flowing into China's manufacturing industry (resource movement effect) and caused higher inflation (spending effect); (ii) the housing boom clearly impeded China's manufacturing exports, especially after the outbreak of the global economic crisis in 2008; (iii) the impacts of the housing price increase on China's manufacturing exports were heterogenous, and were more significant for labor-intensive manufacturing businesses, businesses that were foreign owned, less R&amp;D intensive, or located in the central and western regions.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 3","pages":"205-229"},"PeriodicalIF":3.1,"publicationDate":"2023-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50142894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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: 1
Understanding China's Economic Growth from a Regional Policy Perspective 从区域政策视角解读中国经济增长
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-03-12 DOI: 10.1111/cwe.12468
Jiashun Huang, Jim Huangnan Shen, Zhiyan Sun
{"title":"Understanding China's Economic Growth from a Regional Policy Perspective","authors":"Jiashun Huang,&nbsp;Jim Huangnan Shen,&nbsp;Zhiyan Sun","doi":"10.1111/cwe.12468","DOIUrl":"https://doi.org/10.1111/cwe.12468","url":null,"abstract":"<p>There has been ongoing interest in China's economic growth. What were the drivers of China's economic growth in past years? What policies were used to promote China's economic growth? Although different lenses may be used to understand and explain China's economic growth, this paper draws on historical, theoretical, and empirical perspectives to discuss the nexus between China's regional policies and economic growth. First, we review the evolution of China's regional policy and the policy's changing emphasis in different development stages, from balanced, unbalanced, and coordinated development to synergistic development. Then we construct a theoretical model to illustrate the impact of regional policy on the local economy and conduct an empirical examination with a case study of regional policy using regression discontinuity design. This paper analyzes the concept of regional policy and the underpinning logic of economic growth and presents practical approaches to formulate a better regional policy framework.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 3","pages":"1-26"},"PeriodicalIF":3.1,"publicationDate":"2023-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50150001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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: 2
Asset Smoothing and Consumption Smoothing: Disaster-coping Strategies in Noncontiguous and Contiguous Destitute Areas 资产平滑与消费平滑：非毗连区与毗连区的灾害应对策略
IF 3.1 2区 经济学
China & World Economy Pub Date : 2023-03-05 DOI: 10.1111/cwe.12475
Li Zhou, Jie Sun, Wuyang Hu, Yu Zhang
{"title":"Asset Smoothing and Consumption Smoothing: Disaster-coping Strategies in Noncontiguous and Contiguous Destitute Areas","authors":"Li Zhou,&nbsp;Jie Sun,&nbsp;Wuyang Hu,&nbsp;Yu Zhang","doi":"10.1111/cwe.12475","DOIUrl":"https://doi.org/10.1111/cwe.12475","url":null,"abstract":"<div>\u0000 \u0000 <p>Do households sell assets in order to smooth consumption? The empirical evidence is mixed. Using household- and village-level data in the context of China's poverty alleviation policy, we analyze the relationship between climate shocks and household coping behaviors from the perspective of whether coping strategies to deal with weather shocks are sensitive to the contiguity of destitute areas. Our results indicate that, unlike households living in noncontiguous destitute areas, households struck by weather shocks in contiguous destitute areas tended not to reduce or liquidate assets. To overcome weather shocks, households in contiguous destitute areas instead reduced household consumption, such as food consumption and increased nonfarm working hours. Our findings point to the possibility that the implicit assumption of consumption smoothing coupled with a failure to incorporate explicitly the factor of contiguous regions has led to seemingly divergent findings in the literature regarding consumption smoothing.</p>\u0000 </div>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"31 2","pages":"223-250"},"PeriodicalIF":3.1,"publicationDate":"2023-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/cwe.12475","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50122114","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
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