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Schooling and Income Effect of Education Development in China: Evidence from the National Compulsory Education Project in China’s Poor Areas 中国教育发展的入学和收入效应——来自中国贫困地区国家义务教育项目的证据
China Finance and Economic Review Pub Date : 2020-03-01 DOI: 10.1515/cfer-2020-090103
Dehua Wang, Jie Zou, Zhonggen Mao
{"title":"Schooling and Income Effect of Education Development in China: Evidence from the National Compulsory Education Project in China’s Poor Areas","authors":"Dehua Wang, Jie Zou, Zhonggen Mao","doi":"10.1515/cfer-2020-090103","DOIUrl":"https://doi.org/10.1515/cfer-2020-090103","url":null,"abstract":"Whether investing in hardware for basic education is conducive to the long-term development of school-age children is a controversial issue in academic literature. Based on the data from the 2013 Chinese Household Income Project (CHIP), this paper uses the difference-in-differences (DID) method with cross-sectional data to evaluate the policy effects of China’s National Compulsory Education Project for Poor Areas launched in 12 central provinces in the mid-1990s. We fi nd that through the construction, renovation, or expansion of primary and junior middle school buildings and purchase of teaching equipment, this project achieved on its goal of “raising education levels”: the years of schooling of the benefi ciaries after they reached adulthood increased signifi cantly by roughly 0.7 years. However, the project was not found to have an “income effect”, i.e., the income of the benefi ciary children did not increase with the increase in schoolings. The econometric analysis shows that although the project could raise the income levels of the children in adulthood, it did not significantly increase the likelihood of the beneficiary groups moving to cities as migrant workers. Limited by the late development of secondary and tertiary industries in poor counties, the benefi ciaries who stayed locally were less likely to engage in non-farm occupations, and thus their income did not signifi cantly increase. This indicates that policies like the Compulsory Education Project designed to improve school hardware in a short period of time can effectively promote the development of basic education in poverty-stricken areas. Nonetheless, to achieve the fundamental goal of raising income while increasing schooling, it is also necessary to actively guide people moving to cities to work as migrant workers and bolster the development of local secondary and tertiary sectors.","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"9 1","pages":"24 - 43"},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42354006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Funding Liquidity and Bank Risk-Taking: Empirical Evidence from China 资金流动性与银行风险承担:来自中国的经验证据
China Finance and Economic Review Pub Date : 2020-03-01 DOI: 10.1515/cfer-2020-090105
Yong Ma, Zhen Li
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引用次数: 0
Employment Structure, Lewis Turning Point and the Labor Share of Income: Theoretical and Empirical Analysis 就业结构、刘易斯转折点与劳动收入份额：理论与实证分析
China Finance and Economic Review Pub Date : 2020-03-01 DOI: 10.1515/cfer-2020-090104
Jiajun Lan, Yingfeng Fang, T. Ma
{"title":"Employment Structure, Lewis Turning Point and the Labor Share of Income: Theoretical and Empirical Analysis","authors":"Jiajun Lan, Yingfeng Fang, T. Ma","doi":"10.1515/cfer-2020-090104","DOIUrl":"https://doi.org/10.1515/cfer-2020-090104","url":null,"abstract":"","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"9 1","pages":"44 - 63"},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49404345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Research on Measurement of China’s Inter-Provincial Trade, International Trade and Low-Carbon Trade Competitiveness 中国省际贸易、国际贸易与低碳贸易竞争力测度研究
China Finance and Economic Review Pub Date : 2020-03-01 DOI: 10.1515/cfer-2020-090106
J. Hu, Xiang Ren, Penghui Gao
{"title":"Research on Measurement of China’s Inter-Provincial Trade, International Trade and Low-Carbon Trade Competitiveness","authors":"J. Hu, Xiang Ren, Penghui Gao","doi":"10.1515/cfer-2020-090106","DOIUrl":"https://doi.org/10.1515/cfer-2020-090106","url":null,"abstract":"","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"9 1","pages":"83 - 108"},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44508303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Local Government Debt Governance in China in the Past 70 Years: Review and Prospect 中国地方政府债务治理70年回顾与展望
China Finance and Economic Review Pub Date : 2019-12-01 DOI: 10.1515/cfer-2019-080404
Yu-Qing Guo
{"title":"Local Government Debt Governance in China in the Past 70 Years: Review and Prospect","authors":"Yu-Qing Guo","doi":"10.1515/cfer-2019-080404","DOIUrl":"https://doi.org/10.1515/cfer-2019-080404","url":null,"abstract":"","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"8 1","pages":"49 - 65"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42504295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
How Do Rising Labor Costs Affect China’s Industrialization? 劳动力成本上升如何影响中国工业化?
China Finance and Economic Review Pub Date : 2019-12-01 DOI: 10.1515/cfer-2019-080407
X. Bai, Qing Yu
{"title":"How Do Rising Labor Costs Affect China’s Industrialization?","authors":"X. Bai, Qing Yu","doi":"10.1515/cfer-2019-080407","DOIUrl":"https://doi.org/10.1515/cfer-2019-080407","url":null,"abstract":"China’s uninterrupted high-speed economic growth depends on promoting the process of industrialization. Based on provincial data during 2003—2016, this paper empirically estimates the impact of labor costs on China’s industrialization and examines its mechanism and path. The results show that the rising labor costs such as wages and social security premiums may lead to China’s “de-industrialization”. With endogeneity excluded, the conclusion still holds. The following policy suggestions are proposed: increasing the effective labor supply in the industrial sector to slow down the increase in wages, implementing social insurance premium reform to reduce social security premium rate, reversing the situation of investment “fl eeing from the real economy and into the virtual economy” in a multi-pronged manner, and optimizing the combination of labor, capital and technology in various ways.","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"8 1","pages":"98 - 111"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44760426","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Review, Experience Summary and Prospect of Fiscal and Monetary Policy Coordination Paradigm in the 70 Years of People’s Republic of China 中华人民共和国70年来财政货币政策协调范式的回顾、经验总结与展望
China Finance and Economic Review Pub Date : 2019-12-01 DOI: 10.1515/cfer-2019-080405
Jinquan Liu, Longwen Zhang
{"title":"Review, Experience Summary and Prospect of Fiscal and Monetary Policy Coordination Paradigm in the 70 Years of People’s Republic of China","authors":"Jinquan Liu, Longwen Zhang","doi":"10.1515/cfer-2019-080405","DOIUrl":"https://doi.org/10.1515/cfer-2019-080405","url":null,"abstract":"","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"8 1","pages":"66 - 82"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44993915","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Local Government Debt in China: Development in Seven Decades, Current Situation, and Reform Suggestions 中国地方政府债务：70年的发展、现状与改革建议
China Finance and Economic Review Pub Date : 2019-12-01 DOI: 10.1515/cfer-2019-080406
Jing Feng
{"title":"Local Government Debt in China: Development in Seven Decades, Current Situation, and Reform Suggestions","authors":"Jing Feng","doi":"10.1515/cfer-2019-080406","DOIUrl":"https://doi.org/10.1515/cfer-2019-080406","url":null,"abstract":"Since 1949, local government debt in China has gone through the stages from scratch, then banned, and reintroduced, and then to the scale expansion, market construction and improvement under the system construction. In the past 70 years, although there have been twists and turns in its development, local government debt has undergone a “perfect transformation”. Based on a comprehensive review of the development of local government debt in China from 1949 to 2019, this paper refi nes its evolution logic, forecasts its development trend, and puts forward relevant policy recommendations for the future management and risk control of local government debt in China.","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"8 1","pages":"83 - 97"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45125205","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
China’s Monetary Policy Framework in the Past 70 Years: 1949—2019 中国过去70年的货币政策框架:1949-2019
China Finance and Economic Review Pub Date : 2019-12-01 DOI: 10.1515/cfer-2019-080402
Dexu He, Ming Feng
{"title":"China’s Monetary Policy Framework in the Past 70 Years: 1949—2019","authors":"Dexu He, Ming Feng","doi":"10.1515/cfer-2019-080402","DOIUrl":"https://doi.org/10.1515/cfer-2019-080402","url":null,"abstract":"","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"8 1","pages":"3 - 28"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43454802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
China’s Fiscal Policy in the Past Seven Decades: Characteristics, Experience and Prospects 七十年来中国财政政策的特点、经验与展望
China Finance and Economic Review Pub Date : 2019-12-01 DOI: 10.1515/cfer-2019-080403
Zhiyong Yang
{"title":"China’s Fiscal Policy in the Past Seven Decades: Characteristics, Experience and Prospects","authors":"Zhiyong Yang","doi":"10.1515/cfer-2019-080403","DOIUrl":"https://doi.org/10.1515/cfer-2019-080403","url":null,"abstract":"","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"8 1","pages":"29 - 48"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43794134","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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