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Synergizing anti-corruption strategies: Group monitoring and endogenous crackdown – An experimental investigation China Econ. Rev. (IF 4.744) Pub Date : 2024-03-22 Shuguang Jiang, Qian Wei, Lei Zhao
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Assessing and addressing the coronavirus-induced economic crisis: Evidence from 1.5 billion sales invoices China Econ. Rev. (IF 4.744) Pub Date : 2024-02-29 Zhuo Chen, Pengfei Li, Li Liao, Lu Liu, Zhengwei Wang
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Privatization and innovation in a vertical structure China Econ. Rev. (IF 4.744) Pub Date : 2024-02-24 Xiaoting Wu, Arijit Mukherjee, Chenhang Zeng
We investigate how upstream privatization affects downstream R&D investments and social welfare in a vertically-related industry with an upstream monopolistic firm and two downstream firms. One of the downstream firms can undertake R&D investments to reduce input coefficient. We examine two cases: private upstream monopoly versus public upstream monopoly, and show that the presence of a public upstream
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Research on contracting institutions and convergence China Econ. Rev. (IF 4.744) Pub Date : 2024-02-01 Junqing Li, Zhiyuan Yang, Kaifeng Liu
This study constructs and tests a Schumpeterian growth model of cross-country convergence incorporating contract incompleteness. The model implies that all countries above some critical value of contracting institutional quality should converge to the frontier growth rate. And contracting institutional quality has a positive effect on steady state per capita GDP, but this effect eventually vanishes
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Endogenous price discrimination with asymmetric firms China Econ. Rev. (IF 4.744) Pub Date : 2024-01-20 Wenbo Lu, Jie Shuai
We explore a third-degree spatial price discrimination model within the context of asymmetric duopolies. We find that if the degree of asymmetry is small, both firms charge uniform price is the unique sub-game perfect Nash equilibrium. As the degree of asymmetry reaches intermediate, there exists no pure strategy sub-game perfect Nash equilibrium. In the mixed strategy equilibrium, both firms price
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What you breathe makes you poor: The effect of air pollution on income China Econ. Rev. (IF 4.744) Pub Date : 2023-12-15 Jiada Lin, Haiyuan Wan, Yangcheng Yu
While several studies have examined the impacts of air pollution on various aspects, limited research has focused on its causal effect on personal income. Using the matched data from a household survey and satellite-derived air pollution data, we present compelling evidence indicating that a 1 μg/m3 increase in annual PM2.5 density leads to an approximate 0.8% decrease in individual income. Moreover
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Class struggle in a Schumpeterian economy China Econ. Rev. (IF 4.744) Pub Date : 2023-09-09 Angus C. Chu, Zonglai Kou, Xilin Wang
This study explores class struggle between workers and capitalists in a Schumpeterian economy, in which economic growth is driven by innovation in a market economy. We consider the limit on the market power of firms as a policy instrument and derive its optimal levels for workers and capitalists, respectively. Capitalists prefer powerful monopolistic firms, but even workers prefer firms to have some
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Carbon pricing, carbon equity, and the RCEP framework China Econ. Rev. (IF 4.744) Pub Date : 2023-06-28 Ying Fan, Xilong Yan, Lianbiao Cui, Luyang Zhang, Jiaxue Wang
Trade liberalization in the Regional Comprehensive Economic Partnership (RCEP) not only contributes to regional economic growth but also leads to an increase in energy consumption and carbon emissions, which may exacerbate climate change risks. This study aims to explore the carbon pricing issue in the context of the RCEP framework. Additionally, for the sake of carbon equity, we introduce a differentiated
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Information advantages, excessive risk-taking, and capital regulation for BigTechs in financial intermediation China Econ. Rev. (IF 4.744) Pub Date : 2023-05-18 Mei Li, Junfeng Qiu
This paper establishes theoretical models to study capital regulation of BigTech firms (BigTechs hereafter) providing financial intermediation services. In our models, BigTechs borrow debts to invest between socially efficient prudent assets and socially inefficient risky assets. Limited liabilities imply that with a higher capital adequacy ratio, BigTechs are more risk averse and favor the prudent
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Name length and labor market performance China Econ. Rev. (IF 4.744) Pub Date : 2023-04-06 Weiguang Deng, Tingwei Gao
We investigate the effects of individuals' name length on their labor market performance using Chinese data. The results indicate that the longer a person's name, the higher their probability of employment but the lower their income in some cases. The optimal Chinese fullname length with respect to employment probability is 3 characters. Increasing one character in fullnames increases the employment
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Using green technology for a better tomorrow: How enterprises and government utilize the carbon trading system and incentive policies China Econ. Rev. (IF 4.744) Pub Date : 2023-01-31 Hui Hu, Shaozhou Qi, Yuanzhi Chen
This unique study focuses on how the carbon trading system (CTS), stakeholder concerns and innovation incentive policies all combine to effect enterprises' green technology innovation. Using a three-dimension system, this study includes green output level, green output proportion and green total factor productivity. Utilizing a DID model of an unbalanced panel, we investigate how government and enterprise
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In the shadow of big tech lending China Econ. Rev. (IF 4.744) Pub Date : 2023-01-18 Yanting Chen, Yingwei Dong, Jiayin Hu
We investigate the impact of Big Tech lending on non-bank traditional lenders, which have a more overlapping clientele with Big Tech lenders than traditional banks. Our empirical methodology exploits geographical differences in Big Tech penetration ratios and adopts the instrumental variable (IV) approach using the FinTech payment adoption ratio and the distance to the Big Tech's headquarter. We find
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Interdependent investments in attached and movable assets under insecure land rights China Econ. Rev. (IF 4.744) Pub Date : 2022-12-19 Meilin Ma
The literature concludes that insecure land rights cause farms to make suboptimal capital investment in attached assets, but not in movable assets, implicitly assuming attached and movable assets to be independent. However, the two asset types can be interdependent because the operational efficiency of movable assets, such as farm machinery, typically depends on field conditions, such as land fragmentation
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Assessing the role of economic globalization on energy efficiency: Evidence from a global perspective China Econ. Rev. (IF 4.744) Pub Date : 2022-12-02 Fengqin Liu, Jae-yeon Sim, Huaping Sun, Bless Kofi Edziah, Philip Kofi Adom, Shunfeng Song
There has been concern that economic globalization will increase energy consumption and reduce energy efficiency. A slew of studies investigating this assertion have used trade, foreign investment, or both as indicators of economic globalization, with mixed findings. A number of concerns challenge the empirical literature including measurement issues, infrequent temporal variations in the data, business
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Financial reforms and capital accumulation in developing economies: New data and evidence China Econ. Rev. (IF 4.744) Pub Date : 2022-11-29 Zidong An
This study uses newly constructed data on structural reforms and private and public capital stock to assess the effects of financial reforms on capital formation in developing economies. We find that while both domestic and external financial reforms are important determinants of capital formation, the former is more influential in middle-income countries (MICs) and the latter in low-income countries
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Does a “bad apple” spoil the bunch? The impact of low-achieving students on non-cognitive outcomes China Econ. Rev. (IF 4.744) Pub Date : 2022-10-22 Li Li, Liqiu Zhao
This paper investigates whether the presence of low-achieving classmates affects the noncognitive outcomes of regular students in junior high school. Exploiting random assignments of teachers and students to classes, we show that having classmates who had ever repeated a grade in primary school improves students' mental health and social skills, and the positive peer effects are concentrated among
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Impacts of a mega sporting event on local carbon emissions: A case of the 2014 Nanjing Youth Olympics China Econ. Rev. (IF 4.744) Pub Date : 2022-03-18 Cheng Zhang, Xinxin Zhou, Bo Zhou, Ziwei Zhao
Understanding the carbon implications of mega sporting events (MSEs) is critical for the hosting country or city, if they are to tackle climate change challenges. Taking the case of the 2014 Nanjing Youth Olympics (NYO), this study examines the impacts on the host's local carbon emissions during the ‘preparatory-hosting-after’ stages of a MSE. By adopting a synthetic control method (SCM) and logarithmic
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Managerial R&D hands-on experience, state ownership, and corporate innovation China Econ. Rev. (IF 4.744) Pub Date : 2022-02-24 Yafei Li, William Mbanyele, Jinping Sun
In this paper, we investigate how management team R&D experience affects corporate innovation. A finer-grained empirical analysis supports that firms led by managers with R&D hands-on experience are associated with high innovation productivity. Using the mediation effect models, we uncover three underlying economic mechanisms that possibly explain the relation between R&D experience and innovation;
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Hidden inequality in household electricity consumption: Measurement and determinants based on large-scale smart meter data China Econ. Rev. (IF 4.744) Pub Date : 2021-12-29 Haitao Chen, Bin Zhang, Zhaohua Wang
Existing studies provide the estimates of climate change's impact on energy consumption, yet little attention has been paid to inequality based on fine-grained data. This paper takes advantage of the large-scale smart meter data to investigate the electricity consumption inequality and adaptation vulnerability issues. We find that there is a serious inequality underestimation issue arising from annual
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Does learning longer improve student achievement? Evidence from online education of graduating students in a high school during COVID-19 period China Econ. Rev. (IF 4.744) Pub Date : 2021-09-04 Yue Zhang, Guochang Zhao, Bo Zhou
This paper examines the effect of online learning time on graduating students' test scores in a senior high school. Decisions regarding online education, including those related to participation and learning hours, are endogenous due to both reverse causality and omitted variables. This paper is the result of the natural experiment of the outbreak of COVID-19, which made every student to participate
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Does political incentive shape governments' disclosure of air pollution information? China Econ. Rev. (IF 4.744) Pub Date : 2021-07-14 Chenhao Liu, Dongmin Kong
This study investigates the distortion of government disclosure on air pollution and further explores underlying political incentives that drive such distortion. We introduce a newly developed method, that is, bunching estimation based on notch points, to identify the distortion in the air pollution index disclosed by local governments. Results show that the magnitudes of distortion are significant
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Are more children better than one? Evidence from a lab experiment of decision making China Econ. Rev. (IF 4.744) Pub Date : 2021-06-30 Xun Li, Yu Qiu
This paper examines the impacts of siblings on people's social preference, risk attitude and time preference with a data set from a large-scale lab experiment. Employing the variation of fine rates under One-Child Policy for excess birth in different regions as instrument to address the endogeneity of whether having siblings, we find that sibling's role mainly focuses on shaping people's social preference
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Reciprocity information and wage personalization China Econ. Rev. (IF 4.744) Pub Date : 2021-06-05 Kaiming Zheng, Xiaoyuan Wang, Debing Ni
This paper considers a modified principal-agent environment, where principals can use personalized offers based on agents' reciprocity-related information. With such information, principals can either impose stronger financial incentives or try to “trigger” agents' positive reciprocity by offering a higher fixed rate. Theory suggests that principals who believe in agents' reciprocity would personalize
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The white elephant in IP management market frictions, market connections and escalation of commitment China Econ. Rev. (IF 4.744) Pub Date : 2021-02-16 Lei Cheng, Zhen Sun
This paper examines the maintenance decisions for intellectual property (IP) that require continuous investment in an uncertain market environment. We propose a microfoundation-based theory that incorporates market friction, market connection and escalation of commitment from the managers. In a dynamic market with frictions, managers with weak market connection need longer time to reach successful
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Does institutional freedom matter for global forest carbon sinks in the face of economic development disparity? China Econ. Rev. (IF 4.744) Pub Date : 2020-11-01 Boqiang Lin, Jiamin Ge
Mitigating global warming is the responsibility of all countries. Moreso, the role of forests in sequestrating carbon is very crucial. Most environmental organizations are active in protecting the environment according to their objectives. This paper investigates the relationship between institutional freedom and forest carbon sinks by using a panel threshold model with 139 countries to verify the
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The construction of high-speed railway and urban innovation capacity: Based on the perspective of knowledge Spillover China Econ. Rev. (IF 4.744) Pub Date : 2020-08-15 Jiating Wang, Siyuan Cai
This paper investigates how transportation infrastructure projects facilitate research collaboration across cities and promote innovation. Exploiting the construction of high-speed rail (HSR) network as a plausibly exogenous shock, we find that innovation in less-developed cities significantly and quantitatively improves after the cities are connected to more developed cities through the HSR network
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Global warming and technical change: Multiple steady-states and policy options China Econ. Rev. (IF 4.744) Pub Date : 2020-07-05 Anton Bondarev, Alfred Greiner
We develop an economic growth model that incorporates anthropogenic climate change and a publicly funded research sector that creates new technologies and simultaneously expands the productivities of existing technologies. Greenhouse gas emissions are affected by R&D activities both negatively, through the increase of output from productivity growth, and positively as new technologies are less polluting
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House price, fertility rates and reproductive intentions China Econ. Rev. (IF 4.744) Pub Date : 2020-05-26 Jing Liu, Chunbing Xing, Qiong Zhang
This paper uses national representative data collected through population census and household surveys to estimate the effect of house price on women's childbearing behaviors and intentions. It shows that higher house price significantly lowers women's reproductive probability and that women aged 30 and under, who have been married for 3–5 years, and those with no children are more sensitive to such
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Improving market performance in the digital economy China Econ. Rev. (IF 4.744) Pub Date : 2020-05-20 Yongmin Chen
The digital economy has substantially reduced market frictions but also posed new challenges for the efficient functioning of markets. In particular, the drastic reductions in the costs of search, entry, transportation, and reproduction have profound implications for the role of platforms, the value of innovation, and the balance between firms' data needs and consumer privacy. I review some recent
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The impacts of environmental pollution and brain drain on income inequality China Econ. Rev. (IF 4.744) Pub Date : 2020-05-16 Baoxi Li, Shixiong Cheng, De Xiao
This paper establishes a two-sector general equilibrium model of a small open economy to examine the impact of environmental pollution on income inequality via brain drain. The results of the equilibrium modelling show that environmental pollution in the source country can widen the income gap between skilled and unskilled workers and that brain drain caused by environmental pollution will amplify
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Assessing the price dynamics of onshore and offshore RMB markets: An ITS model approach China Econ. Rev. (IF 4.744) Pub Date : 2020-05-12 Yuying Sun, Qin Bao, Jiali Zheng, Shouyang Wang
This paper investigates how the price dynamics of both onshore and offshore RMB markets are affected by fundamental determinants, market liquidity, global risk aversion and policies by using daily data from August 2010 to February 2016. The interval time series (ITS) modelling is applied to study the RMB price mechanism by capturing prices of the two markets as one self-formed interval data. An interval-based
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Nonlinear and time-varying risk premia China Econ. Rev. (IF 4.744) Pub Date : 2020-05-08 Chaoqun Ma, Xianhua Mi, Zongwu Cai
Facing the puzzling risk-return trade-off, this paper proposes a new model for risk premia to capture nonlinear and time-varying features under the influence of trading volume. Using high-frequency data for the US stock market in Wharton Research Data Services' Trade and Quote database, our empirical findings suggest a significant nonlinear and time-varying contemporary relationship between return
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Critical factors enabling sustainable rangeland management in Mongolia China Econ. Rev. (IF 4.744) Pub Date : 2020-04-01 Erdenechuluun Tumur, Wim J.M. Heijman, Nico Heerink, Bakey Agipar
•Factors affecting sustainable management of rangeland by user groups in Mongolia are examined.•Model specification is based on Agrawal's user-based resource governance framework.•Data collected in 2010 among 330 herding households, belonging to 11 Pasture User Groups, are used for the empirical analysis.•We find that well-defined rangeland boundaries are key in supporting rangeland quality.•Inequality
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Impact of international development aid on FDI along the Belt and Road China Econ. Rev. (IF 4.744) Pub Date : 2020-03-25 Hongwei Liao, Yedi Chi, Jiarui Zhang
Both IDA and FDI are very important external financing channels for B&R countries. Considering B&R countries as the sample, this paper analyzes the impact of the IDA received by B&R countries on their FDI from both theoretical and empirical perspectives. Based on the different research objectives and data availability, the empirical analysis is considered as two sections. In the time series analysis
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Student leadership and academic performance China Econ. Rev. (IF 4.744) Pub Date : 2019-12-03 Weiguang Deng, Xue Li, Huayun Wu, Guozheng Xu
There have been few studies in the past on how student leadership experience influences academic performance and none that offer a detailed study of the short- and long-run effects of such experience. In this study, we extend the investigation, using a unique panel dataset to thoroughly explore this effect and achieve the following findings. First, the ordinary least squares and fixed-effects estimates
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Has urbanization accelerated PM2.5 emissions? An empirical analysis with cross-country data China Econ. Rev. (IF 4.744) Pub Date : 2019-11-14 Qichen Dong, Yongyi Lin, Jieyu Huang, Zhongfei Chen
As a prominent indicator of economic development, urbanization can exert a significant impact on the PM2.5 level. Using panel data from 126 countries (areas) over the period 1990–2016, this study investigates the relationship between urbanization level and PM2.5 density. A modified stochastic impacts by regression on population, affluence, and technology model is applied as the empirical strategy.
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An experimental investigation of bilateral oligopoly in emissions trading markets China Econ. Rev. (IF 4.744) Pub Date : 2019-11-02 Kenta Tanaka, Isamu Matsukawa, Shunsuke Managi
Market power in emissions trading has been extensively investigated because emerging markets for tradable emissions permits, such as the European Union's Emissions Trading Scheme (ETS), can be dominated by relatively few large sellers or buyers. Previous studies on market power in emissions trading have assumed the existence of a subset of competitive players. However, a key feature of emissions trading
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Memory utility, food consumption and obesity China Econ. Rev. (IF 4.744) Pub Date : 2019-08-27 Qiyan Zeng, Xiaohua Yu, Te Bao
Introducing the concept of memory utility, we explore the effect of memory capacity on overweight and weight control by building a theoretical model and conducting related empirical research with a double-hurdle model. The result shows that better memory capacity can lead to a higher probability of overweight due to the higher discount rate and more food consumption when this person is not obese; while
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Too big to change: How heterogeneous firms respond to time-of-use electricity price China Econ. Rev. (IF 4.744) Pub Date : 2019-08-24 Yang Zhou, Rong Ma, Yun Su, Libo Wu
To manage the peak load by demand response, time-of-use (TOU) pricing with hourly and seasonal adjustments has been applied in industrial and commercial sectors in Shanghai. However, the requirement of continuous production and exogenous output level might be a serious barrier for responding to TOU price, as these are different across industrial sectors, firm scale or even seasons. Thus, the extent
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Productivity growth, fixed exchange rates, and export-led growth China Econ. Rev. (IF 4.744) Pub Date : 2019-06-18 Rui Mao, Yang Yao, Jingxian Zou
This paper studies how the fixed exchange rate regime (FERR) may promote growth when a country experiences faster rates of productivity growth in its tradable sector than its nontradable sector. In a simple two-sector model with money, we show that the FERR can reduce the Balassa-Samuelson effect if wage adjustment is subject to nominal rigidities. The undervaluation thus created suppresses real wage
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Financial liberalization and income inequality: A meta-analysis based on cross-country studies China Econ. Rev. (IF 4.744) Pub Date : 2019-05-30 Niannian Ni, Yulin Liu
The proposed income distribution effect of financial liberalization has gradually attracted the attention of academic economists, but the research results are inconsistent and even contradictory. This paper presents a quantitative review of these studies. The objectives are to assess the impact of financial liberalization on income inequality and to identify the sources of heterogeneity. A meta-analysis
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Reform of the shareholding system for collective assets, residents' participation, and community debts risk China Econ. Rev. (IF 4.744) Pub Date : 2019-04-09 Shuang Ma, Yuexuan Gong, Ding Li
The reform of the shareholding system for collective assets (SSCA) has made clear the community members' rights to collective assets and their possessory rights, while changes in the residents' rights may alter their behaviors and community interests. In this study, the Difference-in-Differences estimation method is used to examine the impact of the SSCA reform on residents' participation in community
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Price discrimination across different ticket distribution channels: Evidence from the US-china flight market China Econ. Rev. (IF 4.744) Pub Date : 2018-10-06 Qingxin He, Xiaoyong Zheng
In the US-China international flight market, airlines sell tickets in two different distribution channels at vastly different prices. This provides a rare opportunity to examine how airlines practice price discrimination across different ticket distribution channels. Using a unique dataset collected from this market, we find that price discrimination across different ticket distribution channels is
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Political promotion and labor investment efficiency China Econ. Rev. (IF 4.744) Pub Date : 2018-08-01 Dongmin Kong, Shasha Liu, Junyi Xiang
This study investigates the effect of political promotion incentives on the labor investment efficiency of firms by focusing on human capital misallocation. We show that 1) promotion incentives of local politicians significantly increase firm-level employment growth and decrease labor investment efficiency. 2) Causality is established using the number of death toll in local mining accidents to isolate
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Union membership, union coverage and wage dispersion of rural migrants: Evidence from Suzhou industrial sector China Econ. Rev. (IF 4.744) Pub Date : 2018-06-01 Wen Wang, Donald Lien
Abstract Using the data from an original survey on rural migrant workers from Suzhou industrial sector in 2013, we estimate the wage effect of both union membership and union coverage across the wage distributions using decomposition approach based on unconditional quantile regression. The results show that union membership has a significant effect on the wage level of rural migrant workers across
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Roads to innovation: Firm-level evidence from People's Republic of China (PRC) China Econ. Rev. (IF 4.744) Pub Date : 2018-06-01 Xu Wang, Zhuan Xie, Xiaobo Zhang, Yiping Huang
Although infrastructure and innovation play important roles in fostering a country's economic growth, discussion in the literature about how the two are connected is limited. This paper examines the impact of road density on firm innovation in the People's Republic of China. The analysis uses a matched patent database at the firm level and road information at the city level. Regional variation in the
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CERDI conference 2015: Editorial introduction China Econ. Rev. (IF 4.744) Pub Date : 2018-04-01 Mary-Françoise Renard
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Rethinking industrial policy from the perspective of new structural economics China Econ. Rev. (IF 4.744) Pub Date : 2018-04-01 Justin Yifu Lin,Jiajun Xu
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The economic impacts of the China-Australia Free Trade Agreement - A general equilibrium analysis China Econ. Rev. (IF 4.744) Pub Date : 2018-02-01 Chaoying Qi, James Xiaohe Zhang
Abstract After 21 rounds of intense negotiations over nearly a decade, the deal of China-Australia Free Trade Agreement was finally completed in late November 2014. This paper attempts to examine both the causes and consequences of this delayed conclusion by running simulation experiments on a computable general equilibrium model, to see how the free trade agreement affects the world economy not only
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Supply chain trade and technological transfer in the ASEAN+3 region China Econ. Rev. (IF 4.744) Pub Date : 2017-12-01 Maria Rueda Maurer
This paper analyses how economic integration and the international division of labour have evolved among the ASEAN+3 countries in the last 20years. The paper proposes an indicator of the level of technological sophistication based on revealed comparative advantages and uses it to investigate the relation between technological advance, factor endowments and supply chain trade. It is shown that supply
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Pain of disasters: The educational cost of exogenous shocks evidence from Tangshan Earthquake in 1976 China Econ. Rev. (IF 4.744) Pub Date : 2017-12-01 Jun Wang, Juan Yang, Bo Li
Based on a random sample from 1 percent population survey data of 2005, this paper studies the impacts of Tangshan Earthquake on the educational attainment and subsequent labor market outcomes of affected cohorts using the methodology of difference-in-differences model and the local average treatment effect interpretation of instrumental variables technique. We find that the schooling years of the
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Home ownership, housing price and social security expenditure China Econ. Rev. (IF 4.744) Pub Date : 2017-12-01 Cheng Yuan, Xilong He, Yoonsu Kim
This paper analyzes the substitution and trade-off effects of homeownership and housing price on social security expenditure. We construct a theoretical model to investigate the optimal choice for individual and government in social security system with estate transaction. The model predicts that the government is more likely to decrease (increase) social security spending under a higher home rate
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Middle-income traps in East Asia: An inquiry into causes for slowdown in income growth China Econ. Rev. (IF 4.744) Pub Date : 2017-12-01 Keijiro Otsuka, Yuki Higuchi, Tetsushi Sonobe
If the middle-income traps were merely equated with prolonged growth slowdowns occurring in the middle-income stage, as it is in some empirical studies, this concept would lose the meaning of existence. This paper proposes a new definition that considers the trap the aggravation of slowdowns due to inadequate responses, such as the adoption of counterproductive policies or the failure to adopt policies
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The impact of intra-industry trade on business cycle synchronization in East Asia China Econ. Rev. (IF 4.744) Pub Date : 2017-09-01 Linyue Li
This paper empirically analyzes distinctions between intra- and inter-industry trade indices. The research indicates that the co-movements of business cycles are influenced more through the intra-industry trade channel than by the total volume of trade itself. As trade integration among Asian countries increased, business cycle synchronization among these countries was expected to expand through trade
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A contractual analysis of state versus private ownership China Econ. Rev. (IF 4.744) Pub Date : 2017-04-01 Kun Jiang, Susheng Wang
We uniquely analyze the advantages and disadvantages of private ownership versus state ownership under various circumstances by focusing on three aspects: external risk, internal governance, and relative importance of owners versus managers. Our theoretical analysis indicates that private ownership is better than state ownership if the business environment is risky, corruption is limited, or the manager
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Demographic change and its impact on farmers' field production decisions China Econ. Rev. (IF 4.744) Pub Date : 2017-04-01 Yueqing Ji, Xuezhi Hu, Jing Zhu, Funing Zhong
Following the general trend in demographic change, and enhanced by the large-scale and continuous rural-urban migration, the rural labor force remaining in farming is quickly reducing and aging. This is likely to have significant impact on the labor-intensive agriculture. However, the fast growing of machinery service has provided farmers an opportunity to out-source field work that demands heavy labor
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With or without siblings: Sorting into competition in the experimental labor market China Econ. Rev. (IF 4.744) Pub Date : 2016-12-01 Fanzheng Yang, Li Yu
We employ a well-controlled laboratory experiment to examine whether only children and those with siblings differ in their willingness to compete. We find that only children are more likely to undervalue the chance of winning and shy away from competition, but they become to embrace competition as their self-assessed winning probability increases. Alternatively, once uncertainty of relative performance