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  Subjects -> BUSINESS AND ECONOMICS (Total: 3120 journals)
    - ACCOUNTING (92 journals)
    - BANKING AND FINANCE (267 journals)
    - BUSINESS AND ECONOMICS (1155 journals)
    - CONSUMER EDUCATION AND PROTECTION (23 journals)
    - COOPERATIVES (4 journals)
    - ECONOMIC SCIENCES: GENERAL (166 journals)
    - ECONOMIC SYSTEMS, THEORIES AND HISTORY (179 journals)
    - FASHION AND CONSUMER TRENDS (13 journals)
    - HUMAN RESOURCES (93 journals)
    - INSURANCE (23 journals)
    - INTERNATIONAL COMMERCE (125 journals)
    - INTERNATIONAL DEVELOPMENT AND AID (83 journals)
    - INVESTMENTS (27 journals)
    - LABOR AND INDUSTRIAL RELATIONS (43 journals)
    - MACROECONOMICS (15 journals)
    - MANAGEMENT (524 journals)
    - MARKETING AND PURCHASING (89 journals)
    - MICROECONOMICS (24 journals)
    - PRODUCTION OF GOODS AND SERVICES (138 journals)
    - PUBLIC FINANCE, TAXATION (35 journals)
    - TRADE AND INDUSTRIAL DIRECTORIES (2 journals)

BUSINESS AND ECONOMICS (1155 journals)                  1 2 3 4 5 6 | Last

Showing 1 - 200 of 1566 Journals sorted alphabetically
4OR: A Quarterly Journal of Operations Research     Hybrid Journal   (Followers: 9)
Abacus     Hybrid Journal   (Followers: 12)
Accounting Forum     Hybrid Journal   (Followers: 24)
Acta Amazonica     Open Access   (Followers: 3)
Acta Commercii     Open Access   (Followers: 2)
Acta Oeconomica     Full-text available via subscription   (Followers: 2)
Acta Scientiarum. Human and Social Sciences     Open Access   (Followers: 4)
Acta Universitatis Danubius. Œconomica     Open Access   (Followers: 1)
Acta Universitatis Nicolai Copernici Zarządzanie     Open Access   (Followers: 3)
AD-minister     Open Access   (Followers: 2)
ADR Bulletin     Open Access   (Followers: 5)
Advances in Developing Human Resources     Hybrid Journal   (Followers: 21)
Advances in Economics and Business     Open Access   (Followers: 11)
AfricaGrowth Agenda     Full-text available via subscription   (Followers: 1)
African Affairs     Hybrid Journal   (Followers: 60)
African Development Review     Hybrid Journal   (Followers: 35)
African Journal of Business and Economic Research     Full-text available via subscription   (Followers: 1)
African Journal of Business Ethics     Open Access   (Followers: 6)
African Review of Economics and Finance     Open Access   (Followers: 3)
Afro-Asian Journal of Finance and Accounting     Hybrid Journal   (Followers: 7)
Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi     Open Access   (Followers: 3)
Agronomy     Open Access   (Followers: 11)
Akademika : Journal of Southeast Asia Social Sciences and Humanities     Open Access   (Followers: 4)
Alphanumeric Journal : The Journal of Operations Research, Statistics, Econometrics and Management Information Systems     Open Access   (Followers: 4)
American Economic Journal : Applied Economics     Full-text available via subscription   (Followers: 144)
American Journal of Business     Hybrid Journal   (Followers: 15)
American Journal of Business and Management     Open Access   (Followers: 53)
American Journal of Business Education     Open Access   (Followers: 10)
American Journal of Economics and Business Administration     Open Access   (Followers: 26)
American Journal of Economics and Sociology     Hybrid Journal   (Followers: 27)
American Journal of Evaluation     Hybrid Journal   (Followers: 13)
American Journal of Finance and Accounting     Hybrid Journal   (Followers: 19)
American Journal of Health Economics     Full-text available via subscription   (Followers: 12)
American Journal of Industrial and Business Management     Open Access   (Followers: 23)
American Journal of Medical Quality     Hybrid Journal   (Followers: 7)
American Law and Economics Review     Hybrid Journal   (Followers: 25)
ANALES de la Universidad Central del Ecuador     Open Access   (Followers: 1)
Annales de l'Institut Henri Poincare (C) Non Linear Analysis     Full-text available via subscription   (Followers: 1)
Annals in Social Responsibility     Full-text available via subscription  
Annals of Finance     Hybrid Journal   (Followers: 28)
Annals of Operations Research     Hybrid Journal   (Followers: 8)
Annual Review of Economics     Full-text available via subscription   (Followers: 30)
Applied Developmental Science     Hybrid Journal   (Followers: 3)
Applied Economics     Hybrid Journal   (Followers: 48)
Applied Economics Letters     Hybrid Journal   (Followers: 29)
Applied Economics Quarterly     Full-text available via subscription   (Followers: 10)
Applied Financial Economics     Hybrid Journal   (Followers: 23)
Applied Mathematical Finance     Hybrid Journal   (Followers: 7)
Applied Stochastic Models in Business and Industry     Hybrid Journal   (Followers: 5)
Arab Economic and Business Journal     Open Access   (Followers: 3)
Archives of Business Research     Open Access   (Followers: 5)
Arena Journal     Full-text available via subscription   (Followers: 1)
Argomenti. Rivista di economia, cultura e ricerca sociale     Open Access   (Followers: 2)
ASEAN Economic Bulletin     Full-text available via subscription   (Followers: 5)
Asia Pacific Business Review     Hybrid Journal   (Followers: 5)
Asia Pacific Journal of Human Resources     Hybrid Journal   (Followers: 312)
Asia Pacific Viewpoint     Hybrid Journal   (Followers: 1)
Asia-Pacific Journal of Business Administration     Hybrid Journal   (Followers: 3)
Asia-Pacific Journal of Operational Research     Hybrid Journal   (Followers: 3)
Asia-Pacific Management and Business Application     Open Access  
Asian Business Review     Open Access   (Followers: 2)
Asian Case Research Journal     Hybrid Journal   (Followers: 1)
Asian Development Review     Open Access   (Followers: 14)
Asian Economic Journal     Hybrid Journal   (Followers: 8)
Asian Economic Papers     Hybrid Journal   (Followers: 7)
Asian Economic Policy Review     Hybrid Journal   (Followers: 4)
Asian Journal of Accounting and Governance     Open Access   (Followers: 4)
Asian Journal of Business Ethics     Hybrid Journal   (Followers: 7)
Asian Journal of Social Sciences and Management Studies     Open Access   (Followers: 7)
Asian Journal of Sustainability and Social Responsibility     Open Access   (Followers: 1)
Asian Journal of Technology Innovation     Hybrid Journal   (Followers: 8)
Asian-pacific Economic Literature     Hybrid Journal   (Followers: 5)
AStA Wirtschafts- und Sozialstatistisches Archiv     Hybrid Journal   (Followers: 5)
Atlantic Economic Journal     Hybrid Journal   (Followers: 15)
Australasian Journal of Regional Studies, The     Full-text available via subscription   (Followers: 2)
Australian Cottongrower, The     Full-text available via subscription   (Followers: 1)
Australian Economic Papers     Hybrid Journal   (Followers: 27)
Australian Economic Review     Hybrid Journal   (Followers: 6)
Australian Journal of Maritime and Ocean Affairs     Hybrid Journal   (Followers: 10)
Balkan Region Conference on Engineering and Business Education     Open Access   (Followers: 1)
Baltic Journal of Real Estate Economics and Construction Management     Open Access   (Followers: 1)
Banks in Insurance Report     Hybrid Journal   (Followers: 1)
BBR - Brazilian Business Review     Open Access   (Followers: 4)
Benchmarking : An International Journal     Hybrid Journal   (Followers: 11)
Benefit : Jurnal Manajemen dan Bisnis     Open Access  
BER : Consumer Confidence Survey     Full-text available via subscription   (Followers: 4)
BER : Economic Prospects : An Executive Summary     Full-text available via subscription  
BER : Economic Prospects : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Intermediate Goods Industries Survey     Full-text available via subscription   (Followers: 1)
BER : Manufacturing Survey : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Motor Trade Survey     Full-text available via subscription   (Followers: 1)
BER : Retail Sector Survey     Full-text available via subscription   (Followers: 2)
BER : Retail Survey : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Survey of Business Conditions in Building and Construction : An Executive Summary     Full-text available via subscription   (Followers: 4)
BER : Survey of Business Conditions in Manufacturing : An Executive Summary     Full-text available via subscription   (Followers: 3)
BER : Survey of Business Conditions in Retail : An Executive Summary     Full-text available via subscription   (Followers: 3)
BER : Trends : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Wholesale Sector Survey     Full-text available via subscription   (Followers: 1)
Berkeley Business Law Journal     Free   (Followers: 10)
Bio-based and Applied Economics     Open Access   (Followers: 1)
Biodegradation     Hybrid Journal   (Followers: 1)
Biology Direct     Open Access   (Followers: 7)
Black Enterprise     Full-text available via subscription  
Board & Administrator for Administrators only     Hybrid Journal  
Border Crossing : Transnational Working Papers     Open Access   (Followers: 2)
Briefings in Real Estate Finance     Hybrid Journal   (Followers: 5)
British Journal of Industrial Relations     Hybrid Journal   (Followers: 34)
Brookings Papers on Economic Activity     Open Access   (Followers: 48)
Brookings Trade Forum     Full-text available via subscription   (Followers: 3)
BRQ Business Research Quarterly     Open Access   (Followers: 2)
Building Sustainable Legacies : The New Frontier Of Societal Value Co-Creation     Full-text available via subscription   (Followers: 1)
Bulletin of Economic Research     Hybrid Journal   (Followers: 17)
Bulletin of Geography. Socio-economic Series     Open Access   (Followers: 7)
Bulletin of Indonesian Economic Studies     Hybrid Journal   (Followers: 3)
Bulletin of the Dnipropetrovsk University. Series : Management of Innovations     Open Access   (Followers: 1)
Business & Entrepreneurship Journal     Open Access   (Followers: 18)
Business & Information Systems Engineering     Hybrid Journal   (Followers: 5)
Business & Society     Hybrid Journal   (Followers: 9)
Business : Theory and Practice / Verslas : Teorija ir Praktika     Open Access   (Followers: 1)
Business and Economic Research     Open Access   (Followers: 6)
Business and Management Horizons     Open Access   (Followers: 12)
Business and Management Research     Open Access   (Followers: 17)
Business and Management Studies     Open Access   (Followers: 9)
Business and Politics     Hybrid Journal   (Followers: 6)
Business and Professional Communication Quarterly     Hybrid Journal   (Followers: 7)
Business and Society Review     Hybrid Journal   (Followers: 5)
Business Economics     Hybrid Journal   (Followers: 6)
Business Ethics: A European Review     Hybrid Journal   (Followers: 16)
Business Horizons     Hybrid Journal   (Followers: 9)
Business Information Review     Hybrid Journal   (Followers: 14)
Business Management and Strategy     Open Access   (Followers: 42)
Business Research     Hybrid Journal   (Followers: 2)
Business Strategy and the Environment     Hybrid Journal   (Followers: 13)
Business Strategy Review     Hybrid Journal   (Followers: 7)
Business Strategy Series     Hybrid Journal   (Followers: 6)
Business Systems & Economics     Open Access   (Followers: 2)
Business Systems Research Journal     Open Access   (Followers: 5)
Business, Management and Education     Open Access   (Followers: 18)
Business, Peace and Sustainable Development     Full-text available via subscription   (Followers: 3)
Bustan     Hybrid Journal   (Followers: 1)
Cadernos EBAPE.BR     Open Access   (Followers: 1)
Cambridge Journal of Economics     Hybrid Journal   (Followers: 58)
Cambridge Journal of Regions, Economy and Society     Hybrid Journal   (Followers: 11)
Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l Administration     Hybrid Journal   (Followers: 1)
Canadian Journal of Economics/Revue Canadienne d`Economique     Hybrid Journal   (Followers: 28)
Canadian journal of nonprofit and social economy research     Open Access   (Followers: 2)
Capitalism and Society     Hybrid Journal   (Followers: 2)
Capitalism Nature Socialism     Hybrid Journal   (Followers: 12)
Case Studies in Business and Management     Open Access   (Followers: 8)
CBU International Conference Proceedings     Open Access   (Followers: 1)
Central European Business Review     Open Access   (Followers: 1)
Central European Journal of Operations Research     Hybrid Journal   (Followers: 5)
Central European Journal of Public Policy     Open Access   (Followers: 2)
CESifo Economic Studies     Hybrid Journal   (Followers: 16)
Chain Reaction     Full-text available via subscription  
Challenge     Full-text available via subscription   (Followers: 4)
China & World Economy     Hybrid Journal   (Followers: 15)
China : An International Journal     Full-text available via subscription   (Followers: 16)
China Economic Journal: The Official Journal of the China Center for Economic Research (CCER) at Peking University     Hybrid Journal   (Followers: 11)
China Economic Review     Hybrid Journal   (Followers: 9)
China Finance Review International     Hybrid Journal   (Followers: 5)
China Nonprofit Review     Hybrid Journal   (Followers: 3)
China perspectives     Open Access   (Followers: 11)
Chinese Economy     Full-text available via subscription  
Ciência & Saúde Coletiva     Open Access   (Followers: 2)
CLIO América     Open Access   (Followers: 1)
Cliometrica     Hybrid Journal   (Followers: 2)
COEPTUM     Open Access  
Community Development Journal     Hybrid Journal   (Followers: 24)
Compensation & Benefits Review     Hybrid Journal   (Followers: 7)
Competition & Change     Hybrid Journal   (Followers: 10)
Competitive Intelligence Review     Hybrid Journal   (Followers: 2)
Competitiveness Review : An International Business Journal incorporating Journal of Global Competitiveness     Hybrid Journal   (Followers: 6)
Computational Economics     Hybrid Journal   (Followers: 9)
Computational Mathematics and Modeling     Hybrid Journal   (Followers: 8)
Computer Law & Security Review     Hybrid Journal   (Followers: 16)
Computers & Operations Research     Hybrid Journal   (Followers: 10)
Construction Innovation: Information, Process, Management     Hybrid Journal   (Followers: 14)
Contemporary Wales     Full-text available via subscription   (Followers: 3)
Contextus - Revista Contemporânea de Economia e Gestão     Open Access   (Followers: 1)
Contributions to Political Economy     Hybrid Journal   (Followers: 6)
Corporate Communications An International Journal     Hybrid Journal   (Followers: 6)
Corporate Philanthropy Report     Hybrid Journal   (Followers: 2)
Corporate Reputation Review     Hybrid Journal   (Followers: 4)
Creative and Knowledge Society     Open Access   (Followers: 10)
Creative Industries Journal     Hybrid Journal   (Followers: 9)
CRIS - Bulletin of the Centre for Research and Interdisciplinary Study     Open Access   (Followers: 1)
Crossing the Border : International Journal of Interdisciplinary Studies     Open Access   (Followers: 4)
Cuadernos de Administración (Universidad del Valle)     Open Access   (Followers: 1)
Cuadernos de Economía     Open Access   (Followers: 1)
Cuadernos de Economia - Latin American Journal of Economics     Open Access   (Followers: 1)
Cuadernos de Estudios Empresariales     Open Access   (Followers: 1)
Current Opinion in Creativity, Innovation and Entrepreneurship     Open Access   (Followers: 8)
De Economist     Hybrid Journal   (Followers: 12)
Decision Analysis     Full-text available via subscription   (Followers: 8)
Decision Sciences     Hybrid Journal   (Followers: 16)
Decision Support Systems     Hybrid Journal   (Followers: 15)
Defence and Peace Economics     Hybrid Journal   (Followers: 16)
der markt     Hybrid Journal   (Followers: 1)
Desenvolvimento em Questão     Open Access  

        1 2 3 4 5 6 | Last

Journal Cover China Economic Review
  [SJR: 0.997]   [H-I: 46]   [9 followers]  Follow
    
   Hybrid Journal Hybrid journal (It can contain Open Access articles)
   ISSN (Print) 1043-951X
   Published by Elsevier Homepage  [3044 journals]
  • Family structure and home ownership: Evidence from China
    • Abstract: Publication date: Available online 14 September 2017
      Source:China Economic Review
      Author(s): Shun Wang, Weina Zhou
      This paper studies how individuals, particularly low-income individuals, have financed housing purchases since the housing market was privatized in urban China in the 1990s. To the surprise of many policy makers and economists, >80% of the households in urban China owned private housing by the end of 2010. In contrast to most developed countries, we find that male siblings are important borrowing resources to purchase housing. Conditional on the number of siblings, having more brothers instead of sisters increases the probability of owning housing among male individuals born during the baby boom (1949–1978) in urban China. However, there is no such brother effect for females. The brother effect is stronger for males with low income or low levels of education and is also stronger when brothers are wealthier. Our results are robust to different model specifications. Our results suggest that females are likely to be excluded from family-based informal financial market for housing purchase in China.

      PubDate: 2017-09-19T12:05:12Z
       
  • Tariffs, relative prices and wage inequality: Evidence from China
    • Abstract: Publication date: December 2017
      Source:China Economic Review, Volume 46
      Author(s): Yun Xu, Alice Y. Ouyang
      This paper, based on data from China after its membership into the World Trade Organization (WTO), shows the co-existence of a fluctuating skill premium and rises in wages for both skilled and unskilled labor. Our research provides one specific factor, the tariff reduction biased toward unskilled labor-intensive sectors, to explain and quantify the magnitudes of skill premium dynamics using the mandated-wage approach. The empirical evidence indicates that sector-biased tariff reductions have widened wage inequality in China through their effect on product prices. World price competition, on the other hand, has contributed to declining wage inequality via product prices, which is consistent with the endowment-based expectations of China's integration into the more skilled-labor abundant world.

      PubDate: 2017-09-07T12:49:37Z
       
  • Does One Belt One Road initiative promote Chinese overseas direct
           investment'
    • Abstract: Publication date: Available online 5 September 2017
      Source:China Economic Review
      Author(s): Julan Du, Yifei Zhang
      In response to the One Belt One Road (OBOR) initiative, China's overseas direct investment (ODI), especially whole or majority-ownership mergers and acquisitions, rose significantly in the belt-road countries, especially the ones along the continental route. Comparatively speaking, China's state-controlled acquirers played a leading role in infrastructure sectors, whereas the non-state-controlled acquirers were particularly active in non-infrastructure sectors. Central and West Asia, Western Europe and Russia are favorable destinations of Chinese ODI.

      PubDate: 2017-09-07T12:49:37Z
       
  • R&D, financing constraints and export green-sophistication in
           China
    • Abstract: Publication date: Available online 4 September 2017
      Source:China Economic Review
      Author(s): Changqing Li, Jian Lu
      This paper provides a theoretical and empirical analysis of the effects of R&D and financing constraints on the green-sophistication of Chinese firm exports. The theoretical model predicts that firms' R&D expenditure improves the level of green sophistication and financing constraints have moderating effects on firms' the export green-sophistication. The paper constructs an index of the export green-sophistication by incorporating green coefficient in traditional export sophistication. We use the data from the China industrial firm database and confirm our theoretical predictions. The financing constraints are found to have a significant moderating effects on the relationship between R&D and export green-sophistication in basic test and robustness check.

      PubDate: 2017-09-07T12:49:37Z
       
  • Religious diversity and regional development in China
    • Abstract: Publication date: December 2017
      Source:China Economic Review, Volume 46
      Author(s): Zheng Ying, Shibao Liu, Shuming Bao, Jianbo Zhou
      This paper investigates possible impacts of religious diversity on regional development in China. We developed the religious fragmentation and polarization indices as measurements for the religious diversity by using the religious site data from the 2004 economic Census data in China. The results from the panel data regressions within national coverage suggest that the religious diversity has positive and significant impacts on regional development in general. The results from the panel data regressions within regional coverage also suggest that religious fragmentation has a positive and significant association with the economic development in the eastern region of China while religious polarization has a positive and significant association with the economic development in the central and western regions of China.

      PubDate: 2017-09-02T07:17:11Z
       
  • Skill complementarities and returns to higher education: Evidence from
           college enrollment expansion in China
    • Abstract: Publication date: December 2017
      Source:China Economic Review, Volume 46
      Author(s): Hongbin Li, Yueyuan Ma, Lingsheng Meng, Xue Qiao, Xinzheng Shi
      We find that the increased supply of college graduates resulting from college enrollment expansion in China increases college premiums for older cohorts and decreases college premiums for younger cohorts. This finding is inconsistent with the canonical model that assumes substitution among workers of different ages. We subsequently build a simple model that considers complementarities among workers of different ages and different skill levels. Our model predicts that the college premium of senior workers increases with the supply of young college graduates when skill is a scarce resource. The model's predictions are supported by empirical tests.

      PubDate: 2017-09-02T07:17:11Z
       
  • Internal migration and external benefit: The impact of labor migration on
           the wage structure in urban China
    • Abstract: Publication date: December 2017
      Source:China Economic Review, Volume 46
      Author(s): Jun Han, Shi Li
      China provides a unique experience of massive internal (within-country) migration but with high segregation of jobs between migrants and natives. Thus, migration has a complementary external effect on native wages: the elasticities of complementarity of migrants are about 31.7%, 20.3%, and 19.9% for native workers with a college, high school and less than high school education, respectively. After the wage is deflated by the housing price, the elasticities decline to 11%, 8.2% and −4.4% for the respective education groups, which provides the lower-bound analysis results. In addition, migration has widened wage dispersion, as well as increasing the education premium and residual inequality. The elasticity of substitution in jobs between migrants and natives is very low due to the hukou restriction, and increasing proportions of migrants in any given labor force widen the migrant/native wage gap. Job segregation is an important factor that explains particular labor market findings in China.

      PubDate: 2017-09-02T07:17:11Z
       
  • Tariff and exchange rate pass-through for Chinese exports: A firm-level
           analysis across customs regimes
    • Abstract: Publication date: Available online 1 September 2017
      Source:China Economic Review
      Author(s): Florence Bouvet, Alyson C. Ma, Ari Van Assche
      We examine whether a firm's import content share differentially affects the degree of tariff and exchange rate pass-through into its export prices. Our pricing-to-market model suggests that a firm's import content share negatively affects the degree of exchange rate pass-through but does not affect the degree of tariff pass-through. Using firm-level data for Chinese exporting firms during the period 2000–2006, we find evidence of an almost complete exchange rate pass-through. As expected, when we distinguish firms by their trade regime, processing-trade firms, especially pure-assembly firms which tend to have higher import-content share, have a lower exchange rate pass-through than ordinary trade firms. We find no evidence that the tariff pass-through differs across the various trade regimes.

      PubDate: 2017-09-02T07:17:11Z
       
  • Effect of intra-industry trade on skill premium in manufacturing China
    • Abstract: Publication date: Available online 24 August 2017
      Source:China Economic Review
      Author(s): Xiaohua Feng
      In making use of the panel data in 27 manufacturing industries, this paper examines the recent increase in skill premium in manufacturing in China. The paper argues that the recent increase in skill premium in Chinese manufacturing can be partly attributed to the decline in intra-industry trade. A reasonable explanation on this is that the decline in intra-industry trade occurred in the period studied is associated with a decrease in output. This led to a reduction in relative demand of low-skilled workers, which supports the hypothesis of the output-skill substitutability, and finally an increase in skill premium. Further, this paper finds that the negative effect of intra-industry trade on skill premium is larger for high-skilled manufacturing than low-skilled manufacturing. One more result in this paper is that the increase in capital input reduced the skill premium in Chinese manufacturing. The empirical evidence is consistent with a modified model of intra-industry trade with differentiated products and three factor inputs: high-skilled labor, low-skilled labor and capital.

      PubDate: 2017-09-02T07:17:11Z
       
  • Industrial structure change and economic growth: A China-Russia comparison
    • Abstract: Publication date: Available online 24 August 2017
      Source:China Economic Review
      Author(s): Jingefeng Zhao, Jianmin Tang
      This paper examines the sources of economic growth and the nature of industrial structure change in China over the past decade, with a comparison to those in Russia. It shows that over the observation period between 1995 and 2008, the Chinese economy was concentrated relatively more in the manufacturing sector and relatively less in the service sector than the Russian economy. In addition, this paper finds that the higher economic growth rate in real GDP and aggregate labour productivity growth between 1996 and 2008 in China than in Russia was broadly based, with most industries contributing to China's better performance. Furthermore, it reveals that the acceleration in economic growth in China in 2003–2008 over 1996–2002 was mainly traced to an increased contribution from the manufacturing sector and to a lesser degree the service sector, while in Russia, it was the service sector, followed by the primary sector driven by the mining and oil and gas extraction industry. These results suggest that the Chinese and Russian economies complement each other, which bodes well for further economic cooperation and trade between the two countries.

      PubDate: 2017-09-02T07:17:11Z
       
  • What are China's real gains within global value chains' Measuring
           domestic value added in China's exports of manufactures
    • Abstract: Publication date: Available online 23 August 2017
      Source:China Economic Review
      Author(s): Chunjiao Yu, Zhechong Luo
      This paper aims to investigate China's gains of participating in global value chains (GVCs) in terms of GDP in exports (DVA - domestic value added) and the factors affecting China's gains. The paper decomposes the gross exports of China so as to get the components that make up GDP in the exports of a country, namely the value-added exports and DVA that are returned from abroad (RDV). Then the two components are measured to obtain the scale of GDP in China's exports both on country level and sector level. The results show that, firstly, both value-added exports and the GDP in China's exports are less than the traditional gross trade statistics, indicating that there is a gap of real trade gains under GVCs. Secondly, comparing whether the proportion of DVA in total exports, the proportion of DVA in exports of manufactures or the proportion of RDV in total DVA, the gaps between China and the developed countries such as the United States, Germany and Japan do exist. Especially, considering the RDV of China, the proportion is significantly lower than that of major developed countries such as the United States and Germany, indicating that China lags far behind developed countries in the capabilities of supplying high value-added intermediate goods. Lastly, the empirical results suggest that DVA has progressively increased in response to the productivity enhancement; research and development (R&D) inputs and capital formation affect China's DVA growth positively.

      PubDate: 2017-09-02T07:17:11Z
       
  • Physical capital estimates for China's provinces, 1952–2015 and
           beyond
    • Abstract: Publication date: Available online 16 August 2017
      Source:China Economic Review
      Author(s): Carsten A. Holz, Yue SUN
      Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the complexity of calculations, and the extensive data requirements. This paper (i) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between wealth capital stock and capital services (the appropriate measure of capital for productivity studies), and (iii) applies the most recent methodology advanced by the OECD (and implemented by the U.S. Bureau of Labor Statistics and the Australian Bureau of Statistics). The complete set of data is available online and is expected to be updated on an annual basis in the future.

      PubDate: 2017-09-02T07:17:11Z
       
  • Chinese household saving and dependent children: Theory and evidence
    • Abstract: Publication date: Available online 14 August 2017
      Source:China Economic Review
      Author(s): Steven Lugauer, Jinlan Ni, Zhichao Yin
      This paper examines the impact of family size on household saving. We first study a theoretical life-cycle model that includes finite lifetimes and saving for retirement and in which parents care about the consumption by their dependent children. The model implies a negative relationship between the number of dependent children in the family and the household saving rate. Then, we test the model's implications using new survey data on household finances in China. We use the differential enforcement of the one-child policy across counties to address the possible endogeneity between household saving and fertility decisions in a two-stage least squares Tobit regression. We find that Chinese families with fewer dependent children have significantly higher saving rates. The data yields several additional insights on household saving patterns. Households with college-age children have lower saving rates, and households residing in urban areas have higher saving rates and a lower ratio of education expenditures to income. However, having an additional child reduces saving rates more for households in urban areas than in rural areas. Our regressions also indicate that saving rates vary with age and tend to be higher for households with more workers, higher education, better health, and more assets.

      PubDate: 2017-09-02T07:17:11Z
       
  • Women hold up half the sky' Gender identity and the wife's labor
           market performance in China
    • Abstract: Publication date: Available online 12 August 2017
      Source:China Economic Review
      Author(s): Bing Ye, Yucong Zhao
      In this paper, we empirically study the impact of gender identity on the wife's labor supply in China where a high female employment rate and a large population that has a traditional gender identity coexist. We find that the wife's gender identity affects her labor force participation for all cohorts, and the wife's gender identity affects earnings only for rural cohorts. The impact of gender identity varies among generational, regional, and educational cohorts. Husbands still guide their wives, i.e., a husband's gender identity affects his wife's labor force participation and earnings.

      PubDate: 2017-09-02T07:17:11Z
       
  • Pain of disasters: The educational cost of exogenous shocks evidence from
           Tangshan Earthquake in 1976
    • Abstract: Publication date: Available online 29 July 2017
      Source:China Economic Review
      Author(s): 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 cohorts potentially affected by Tangshan Earthquake is 14%–21% of a year of schooling lower than the non-earthquake cohorts, which can be considered as the shortterm educational cost of Tangshan Earthquake. The rate of returns to years of schooling for the earthquake cohorts is 20.93%–27.85%. The earthquake leads 3.51%–4.77% loss of average income through the reduction of schooling years. A loss of 0.30%–0.41% of GDP in 2005 can be attributed to the lower educational attainment of the earthquake cohorts, which can be considered as the long-term educational cost of Tangshan Earthquake.

      PubDate: 2017-08-03T03:54:05Z
       
  • Product quality asymmetry and food safety: Investigating the “one farm
           household, two production systems” of fruit and vegetable farmers in
           China
    • Abstract: Publication date: Available online 29 July 2017
      Source:China Economic Review
      Author(s): Man Zhang, Yanhong Jin, Hui Qiao, Fengtian Zheng
      The Chinese government faces a great challenge to safeguard the safety of the food supply chain due to the significant fragmentation of producers and weak institutional resources to monitor and enforce safety standards. Food safety in China has received escalating attention since the 2008 milk scandal. Mainly due to safety concerns, Chinese farmers adopt two separate production systems for the market and self-consumption, and thus, the so-called “One Farm Household, Two Production Systems” (OFH-TPS) has gained popularity in the recent years. This study provides a theoretical framework to examine how product inspections and certifications affect the OFH-TPS adoption by mitigating information asymmetry of product quality. It also shows that both food safety concerns and cost savings are important factors for famers' decision on the adoption. The empirical analysis finds that product inspections conducted by firms, agricultural cooperatives, and farmers curb the OFH-TPS adoption, whereas government inspections have no statistically significant effect. Farmers who grow “Green Food” are less likely but organic farmers are more likely to adopt the OFH-TPS. We also find that pesticide use training curbs the OFH-TPS adoption, and the perceived adverse effects of pesticide use to the environment and human health have no statistical effect. Farmers who use highly toxic or banned pesticides and/or who perceive food safety at the local markets is poor are more likely to adopt the OFH-TPS. This study provides rich policy implications. To safeguard food safety, it is critical to engage the private sector for co-regulation, improve the efficacy of government inspections, and promote education on pesticide use to both farmers as well as retailers of pesticides.

      PubDate: 2017-08-03T03:54:05Z
       
  • Words vs. actions: International variation in the propensity to fulfil
           investment pledges in China
    • Abstract: Publication date: Available online 29 July 2017
      Source:China Economic Review
      Author(s): Abigail S. Hornstein
      We examine whether companies from certain countries are more likely to fulfil investment pledges. Using data on contracted and utilized FDI in China, we find that firms fulfil an average of 59% of their pledges within two years. The propensity to fulfil pledges is lower for firms from countries with greater uncertainty avoidance, power distance, and egalitarianism; higher if the source country is more traditional; and is unaffected by popular attitudes towards China. Prior literature has found that these cultural characteristics are associated with higher levels of utilized FDI. We extend this to show that announcements of planned corporate activity may be more reliable for firms from countries with certain cultures.

      PubDate: 2017-08-03T03:54:05Z
       
  • The impact of tariff reductions on firm dynamics and productivity in
           China: Does market-oriented transition matter'
    • Abstract: Publication date: Available online 28 July 2017
      Source:China Economic Review
      Author(s): Qilin Mao, Bin Sheng
      This paper investigates the impact of trade liberalization on firm dynamics and productivity in the context of dramatic tariff reductions after China's accession to the WTO, and how this impact varies across regions with different marketization levels. Our results show that (a) on average, output tariff reductions tend to reduce firm entry rate and increase firm exit rate, while input tariff reductions help to increase both firm entry rate and exit rate, furthermore, regional marketization strengthens the impact of trade liberalization on firm dynamics; (b) trade liberalization exerts greater impact on the likelihood of exit for the least productive firms while it tends to reduce the probability of exit for the more productive firms, with regional marketization strengthening such a reallocation process of trade liberalization; (c) firm dynamics effect contributes approximately 43% of the growth of productivity, and it (especially the firm exit effect) is an important channel through which trade liberalization fosters productivity growth, and domestic market reform is found to strengthen such an impact.

      PubDate: 2017-08-03T03:54:05Z
       
  • Has the compulsory school merger program reduced the welfare of rural
           residents in China'
    • Abstract: Publication date: Available online 26 July 2017
      Source:China Economic Review
      Author(s): Cai Weixian, Chen Gong, Zhu Feng
      The compulsory school merger program in rural regions of China imposed higher education costs on rural residents, decreased their consumption and reduced their welfare. In this study, we employ household-level data and the difference-in-differences method to analyze the policy effect on residents' consumption and education costs. Our results show that the compulsory school merger program had a negative effect on the consumption of rural residents and inflicted multiple education costs on them. We also find that the increase in the distance between school and home is an important explanation for the effect of this policy on rural residents' education costs.

      PubDate: 2017-08-03T03:54:05Z
       
  • Can self-employment activity contribute to ascension to urban
           citizenship' Evidence from rural-to-urban migrant workers in China
    • Abstract: Publication date: Available online 25 July 2017
      Source:China Economic Review
      Author(s): Guangjie Ning, Wei Qi
      The ascension to urban citizenship and assimilation into urban life for rural to urban migrant workers is a pressing mission during the current process of rapid urbanization in developing China. However, the issue of how self-employed migrants, who account for up to 25 percent of total migrant workers in 2009 (Meng, 2012), acquire urban citizenship remains understudied. Using a unique sample from the 2009 Rural to Urban Migrants in China (RUMiC) survey, this paper explores whether self-employment choice contributes to migrant workers' ascension to urban citizenship and integration, and uncovers the underlying mechanisms. We find that although self-employed migrants are capable of earning a higher income, and improving their living conditions, their tendency to reside permanently in the city is not significantly different from their counterparts of wage workers. We argue that self-employed migrants, who are less covered by urban social securities and are more discriminated against by current urban household registration (Hukou) system, tend to lose faith in ascension to urban citizenship. It implies that a social security system with self-employed migrants being covered as well as an urban Hukou admission system favoring diverse human capital (especially taking into account entrepreneurship) would help accelerate the urbanization process.

      PubDate: 2017-08-03T03:54:05Z
       
  • Anemia and student's educational performance in rural Central China:
           Prevalence, correlates and impacts
    • Abstract: Publication date: Available online 24 July 2017
      Source:China Economic Review
      Author(s): Lili Li, Lei Huang, Yaojiang Shi, Renfu Luo, Meredith Yang, Scott Rozelle
      Anemia in children impairs physical growth and cognitive development, reducing their overall human capital accumulation. While much research has been conducted on anemia prevalence in the primarily poor and rural western provinces in China, little is known about anemia in the more developed provinces of central China. The overall goal of this study is to assess the extent of anemia in central China and determine the effect of anemia on the academic performance of students. Using data collected from fourth grade students in 25 primary schools, we find that 16–27% of sample children are anemic. Female students and students with mothers who have not migrated for work are more likely to be anemic. Importantly, using both regression analysis and matching methods, we find that students with anemia (and those with low hemoglobin levels) are more likely to perform poorly on standardized mathematics exams. These findings suggest that, over the long term, untreated anemia will perpetuate poverty by restricting the human capital development of affected children.

      PubDate: 2017-08-03T03:54:05Z
       
  • The impact of intra-industry trade on business cycle synchronization in
           East Asia
    • Abstract: Publication date: Available online 22 July 2017
      Source:China Economic Review
      Author(s): 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 transmission. Inter-industry trade resulting in higher specialization will induce less synchronized business cycles, while intra-industry trade could lead to increased business cycle synchronization. Moreover, I find that increased business cycle synchronization, as one of the optimum currency area criteria, is overemphasized.

      PubDate: 2017-07-23T17:31:17Z
       
  • Impact of land tenure policy on agricultural investments in China:
           Evidence from a panel data study
    • Abstract: Publication date: Available online 21 July 2017
      Source:China Economic Review
      Author(s): Liangliang Gao, Dingqiang Sun, Jikun Huang
      The goal of this paper is to examine the impact of changes in China's rural land policy on agricultural investments. Dramatic changes occurred in China's rural land policies after 2000, including the extension of rural land contractual period, restriction of land reallocation among villages and villagers groups, elimination of agricultural taxes for responsibility land, and rapid development of rural land rental markets. These changes have given farmers more secure tenure on collectively controlled responsibility land and have strengthened farmers' income rights for responsibility lands, incentivizing them to increase their investments on responsibility lands. A panel data method was used to quantitatively investigate the impact of land policy changes on agricultural investment. We considered the application of organic fertilizer as an indicator for long-term agricultural investment, and compared the use of organic fertilizer between private plots and responsibility lands operated by the same household. The results showed that the difference in organic fertilizer use between private plots and responsibility land for the same household has become smaller from 2000 to 2008. Our findings suggest that recent changes in rural land policies have provided farmers incentives to increase land quality investment on their responsibility lands.

      PubDate: 2017-07-23T17:31:17Z
       
  • Stock returns under hyperinflation: Evidence from China 1945–48
    • Abstract: Publication date: Available online 13 July 2017
      Source:China Economic Review
      Author(s): Liuyan Zhao
      This paper presents new evidence for the Fisher hypothesis, which states a positive relationship between nominal stock returns and inflation. We introduce a new data set from the episode of hyperinflation that occurred in China after World War II. To establish the reliability of our estimates we consider different frequencies, and time horizons and econometric models. The results reveal that stocks were a complete hedge against expected inflation and a partial hedge against unexpected inflation. In contrast to the empirical literature on the ‘stock return-inflation puzzle’, we find that the Fisher hypothesis is applicable to common stocks even with a short-horizon in the Chinese hyperinflation context.

      PubDate: 2017-07-23T17:31:17Z
       
  • Trade openness and air pollution: City-level empirical evidence from China
    • Abstract: Publication date: Available online 1 July 2017
      Source:China Economic Review
      Author(s): Faqin Lin
      We seek to contribute to the debate over trade openness and the environment by taking specific account of the endogeneity of trade openness. We use exogenous geographic determinants of trade as instrumental variables as well as distance to Huai River for identification which is based on China's heating policy. Using air quality measure from NASA, we find that trade increases three measures of air pollution: SO2, NO2, and Aerosol concentration.

      PubDate: 2017-07-03T10:39:09Z
       
  • Do bigger and older firms learn more from exporting' — Evidence
           from China
    • Abstract: Publication date: Available online 20 June 2017
      Source:China Economic Review
      Author(s): Bih Jane Liu
      The literature has extensively discussed whether firms benefit from exporting (referred to as the learning-by-exporting (LBE) effect), but the empirical evidence is inconclusive. This paper draws on firm experience (age) to explain this question by using Chinese firm-level data for the period 1998–2007 to examine whether younger firms learn more from exporting than older firms. Employing propensity score matching and the difference-in-difference approach, we show significant LBE effects for older firms, especially those engaging in R&D activities, having large-scale production, and under private ownership. However, the yearly or cumulative LBE effects are either insignificant or rather limited for younger firms regardless of their R&D status and firm size.

      PubDate: 2017-06-22T13:09:42Z
       
  • Inside front cover: Editorial Board
    • Abstract: Publication date: July 2017
      Source:China Economic Review, Volume 44


      PubDate: 2017-06-11T20:56:55Z
       
  • How much slack was there in the Chinese economy prior to its economic
           reform of 1978?
    • Abstract: Publication date: Available online 11 June 2017
      Source:China Economic Review
      Author(s): Lawrence J. Lau, Huanhuan Zheng
      The existence of economic slack or inefficiency is a common phenomenon of economies that operate under mandatory central planning. It implies that the economy operates in the interior of its set of production possibilities and not on its frontier. It also implies that output can be increased without any increase in the inputs if the constraints which prevent the economy from operating on the frontier in the first place are removed. Thus, there is “surplus potential output” that is not directly observable and cannot be identified by conventional analysis of the relationship between inputs and output alone. The objective of this study is to attempt to identify and estimate the surplus potential output in the Chinese economy prior to its economic reform in 1978. This will help answer the question of how much of the Chinese economic growth since 1978 can be attributed to the reduction and elimination of the pre-existing economic slack. This question is important because the increase in output due to the reduction or elimination of the economic slack can only take effect once and cannot be continuing. It will also affect the attribution of the sources of Chinese economic growth. Our investigation suggests that a reasonable estimate of the magnitude of the surplus potential output of the Chinese economy on the eve of its reform is approximately 50% of the actual realized output in 1978.

      PubDate: 2017-06-11T20:56:55Z
       
  • Can land transfer through land cooperatives foster off-farm employment in
           China?
    • Abstract: Publication date: Available online 7 June 2017
      Source:China Economic Review
      Author(s): Ziming Liu, Jens Rommel, Shuyi Feng, Markus Hanisch
      Functioning land markets are necessary for an increase in off-farm employment. However, there is limited empirical evidence on the impact of land transfer on off-farm employment in rural China. This paper investigates the drivers of households' cooperative membership, which is equivalent to transferring land through land cooperatives, and its impact on off-farm employment. Using a two-step control function approach and data from Suzhou and Yangzhou (Jiangsu province), we do not find a general effect of cooperative membership on household heads' current off-farm employment, though the effect is large for households which had surplus agricultural labor before cooperative initiation. The effect is also positive and large for household heads without off-farm experience and households located in Yangzhou. Policy-makers should be aware of the distributional consequences of these heterogeneous effects.

      PubDate: 2017-06-11T20:56:55Z
       
  • The impact of Province-Managing-County fiscal reform on primary education
           in China
    • Abstract: Publication date: Available online 7 June 2017
      Source:China Economic Review
      Author(s): Bin Huang, Mengmeng Gao, Caiqun Xu, Yu Zhu
      Using longitudinal Chinese county-level data from 2005 to 2007, we examine the causal effect of the Province-Managing-County fiscal reform on primary education spending by combining propensity score matching with the difference-in-difference method and allowing for the concurrent County Strengthening and Power Expansion reform. While the fiscal reform significantly increases per pupil expenditure on elementary education, there is little evidence showing that this fiscal reform narrows the urban-rural expenditure gap within counties. This Province-Managing-County reform, on the other hand, aggravates regional educational spending disparity in elementary schools based on the observation that the reform has caused a higher increase of per pupil educational spending in the affluent Eastern Region than the increase in Central and West China.

      PubDate: 2017-06-11T20:56:55Z
       
  • The value of Chinese patents: An empirical investigation of citation lags
    • Abstract: Publication date: Available online 26 May 2017
      Source:China Economic Review
      Author(s): Christian Fisch, Philipp Sandner, Lukas Regner
      China has been experiencing a substantial growth in patent applications. But is this increase accompanied by a similar increase in patent value? To assess this question, we examine the citation lag of Chinese patents as a proxy of patent value in comparison with patents from the US, Europe, Japan, and Korea. Our empirical analysis comprises a unique data set of 60,000 patents with priority years between 2000 and 2010. Utilizing Cox regressions, our results show that Chinese patents suffer from a large citation lag in comparison to international patents, indicating a lower value. This is especially true for patents filed domestically. However, we find empirical support for an increasing patent value in more recent patents. China shows a strong dynamic in the field of patenting and our results suggest that the gap between Chinese patents and international patents might narrow down in the near future.

      PubDate: 2017-05-27T21:01:41Z
       
  • Opportunity or new poverty trap: Rural-urban education disparity and
           internal migration in China
    • Abstract: Publication date: Available online 29 March 2017
      Source:China Economic Review
      Author(s): Zhang Huafeng
      Despite its rapid economic growth, China has never managed to reduce its rural-urban divide with its reforms and marketization of the economy. The huge gap between urban and rural education is embedded in the disparity in educational investment, children's educational attainment, school quality and the returns to education. Migrant children move with their parents to urban cities to pursue a better education. However, the Chinese household registration system (hukou system) limits migrant children's rights and access to basic education in the cities. Will migrant children benefit from a better-quality education in the cities, or will they continue to be constrained by their hukou registration? Will the large-scale internal rural-urban migration provide the opportunity to reduce rural-urban education inequality in China, or will it merely create a new education-poverty trap? Based on publicly available large-scale survey data (RUMiC), this paper applies logistic regression and survival analysis to illustrate the new education-poverty trap imposed on migrant children by the institutional constraints and hierarchies in children's education, created by the Chinese household registration system in Chinese cities.

      PubDate: 2017-04-03T16:31:31Z
       
  • Policy effect on structural change: A case of Chinese intermediate goods
           trade
    • Abstract: Publication date: July 2017
      Source:China Economic Review, Volume 44
      Author(s): Yanghua Huang, Nimesh Salike, Feiteng Zhong
      We explain the dynamics of China's intra industry trade (IIT) development spanning over three decades from the perspective of institutional changes. We present two hypotheses after reviewing series of policy documents and related organizational adjustment descriptions. First, we argue that China's pro-liberal reform in trade and FDI institutions helped trade to take off. Second, China is ambitious in acquiring advanced technology and building up a sophisticated system to promote technological capability. An analysis of Grubel and Lloyd IIT index on intermediate goods trade belonging to SITC 7 and SITC 8- the key components of regional value chain in East Asia- suggests that the structural changes taking place in China's intermediate goods trade are in agreement with the stated hypotheses. China's institutional arrangements also help to explain the factor behind China's success in becoming a major player in the regional production network in East Asia.

      PubDate: 2017-03-28T09:09:24Z
       
  • Political ties and VC exits: Evidence from China
    • Abstract: Publication date: July 2017
      Source:China Economic Review, Volume 44
      Author(s): Hamish D. Anderson, Jing Chi, Qing (Sophie) Wang
      We examine whether political ties (PTs) benefit VCs in China and find a positive relationship between PTs and successful VC exits. Our findings indicate that PTs are crucial for VCs to exit via Chinese mainland stock markets and M&As. The impact of PTs depends on the nature and compositions of PTs. We document that VCs with management-level PTs enjoy greater success than those with ownership-level PTs, whereas no significant difference between central and local government PTs on VC exits. Our results remain stable after controlling for selection bias, alternative measures for VC exits, and legal and institutional differences across regions.

      PubDate: 2017-03-28T09:09:24Z
       
  • Early poverty exposure predicts young adult educational outcomes in China
    • Abstract: Publication date: Available online 22 March 2017
      Source:China Economic Review
      Author(s): Xiaoying Liu, Emily Hannum
      Comparative research suggests that poverty in childhood, and especially in the early years, impedes educational attainment. With longitudinal data from China, we estimate hazard models of dropping out of school in young adulthood with two dynamic measures of childhood poverty: poverty spell indicators that distinguish poverty in early childhood, middle childhood, and adolescence, and poverty indices that measure the depth of poverty and distinguish chronic from transient poverty. Four main results emerge: 1) Children who experience spells in poverty leave school at a higher rate than others, even adjusting for poverty in later periods; 2) Transient poverty is more widespread, and shows a greater negative association with school-leaving, than chronic poverty; 3) Early childhood poverty shows greater negative associations with education outcomes than poverty in later periods; and 4) Girls may be more susceptible than boys to early poverty. We further test two possible mechanisms of impact: early nutrition poverty and school fees. While lower protein intake at an early stage of life is related to poorer educational outcomes in young adulthood, adjusting for nutritional deprivation does not attenuate the associations of early transient income poverty. Results do not suggest that cohorts that experienced school-fee abolishment policies experienced different poverty effects than other cohorts.

      PubDate: 2017-03-28T09:09:24Z
       
  • Assessing credit guarantee companies in China: Applying a new framework
    • Abstract: Publication date: Available online 21 March 2017
      Source:China Economic Review
      Author(s): Jiaming Li, Xiaohua Lin
      In this paper, we developed a framework for assessing the quality of credit guarantee institutions and then applied the framework to a sample of guarantee companies in China. Our results suggest that whereas macroscopic environments significantly impact the credit guarantee sector in China, scale, experience, and potential compensatory risk are the most important indicators of competence or performance capability of individual credit guarantee companies. We find that the current situation of the credit guarantee industry in China is unsatisfactory. Well-performing companies are scarce and the gap between those ranking at the top and those at the bottom is significant.

      PubDate: 2017-03-28T09:09:24Z
       
  • How does outward foreign direct investment enhance firm productivity? A
           heterogeneous empirical analysis from Chinese manufacturing
    • Abstract: Publication date: July 2017
      Source:China Economic Review, Volume 44
      Author(s): Youxing Huang, Yan Zhang
      Using an original linked firm-level panel data from Chinese manufacturing firms over the period 2002–2007, this paper examines how outward foreign direct investment (OFDI) led productivity increase of parent firms (known as the own-firm effect) changes over firm heterogeneity. Conducting propensity score matching (PSM) techniques and differences-in-differences (DID) analysis, we find strong and robust evidence that the first OFDI promotes parent firm's productivity and this effect varies substantially with the firms' characteristics. In particular, firm's absorptive capacity is essential for the own-firm effect, and the absorptive capacity related with the product innovation is more important than that of the process innovation for the own-firm effect. Also, OFDI strategies for obtaining advanced technology and investing in developed countries significantly strengthen the own-firm effect, whereas, government supports have no significant impacts on the own-firm effect.

      PubDate: 2017-03-20T15:49:29Z
       
  • An evaluation of pension differentials between Chinese private and public
           sectors from perspective of protection and incentives over the lifecycle
    • Abstract: Publication date: Available online 14 March 2017
      Source:China Economic Review
      Author(s): Hongbo Jia
      This article evaluates pension differentials between the private and public sectors over the lifecycle in urban areas in China. The aim of this study was to examine social equity in the face of increasing pressures to reform the current pension system. We developed a model to measure the protection and incentives offered by pensions in the private and public sectors. By incorporating educational cost, career length, retirement age, average years that a retiree receives the pension after retirement, growth rate of wages, interest rates and pension benefits into the model, we provided actuarial assessments. This study found that the current institutional arrangement of pensions in China results in negative incentives for workers in the public sector.

      PubDate: 2017-03-20T15:49:29Z
       
 
 
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