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  Subjects -> BUSINESS AND ECONOMICS (Total: 3075 journals)
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BUSINESS AND ECONOMICS (1154 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: 11)
Accounting Forum     Hybrid Journal   (Followers: 22)
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  
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: 12)
AfricaGrowth Agenda     Full-text available via subscription   (Followers: 1)
African Affairs     Hybrid Journal   (Followers: 57)
African Development Review     Hybrid Journal   (Followers: 34)
African Journal of Business and Economic Research     Full-text available via subscription   (Followers: 1)
African Journal of Business Ethics     Open Access   (Followers: 7)
African Review of Economics and Finance     Open Access   (Followers: 3)
Afro-Asian Journal of Finance and Accounting     Hybrid Journal   (Followers: 6)
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: 124)
American Economic Journal : Economic Policy     Full-text available via subscription   (Followers: 94)
American Journal of Business     Hybrid Journal   (Followers: 14)
American Journal of Business and Management     Open Access   (Followers: 50)
American Journal of Business Education     Open Access   (Followers: 10)
American Journal of Economics and Business Administration     Open Access   (Followers: 22)
American Journal of Economics and Sociology     Hybrid Journal   (Followers: 27)
American Journal of Evaluation     Hybrid Journal   (Followers: 12)
American Journal of Finance and Accounting     Hybrid Journal   (Followers: 16)
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: 26)
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: 26)
Annals of Operations Research     Hybrid Journal   (Followers: 8)
Annual Review of Economics     Full-text available via subscription   (Followers: 29)
Applied Developmental Science     Hybrid Journal   (Followers: 4)
Applied Economics     Hybrid Journal   (Followers: 44)
Applied Economics Letters     Hybrid Journal   (Followers: 28)
Applied Economics Quarterly     Full-text available via subscription   (Followers: 10)
Applied Financial Economics     Hybrid Journal   (Followers: 21)
Applied Mathematical Finance     Hybrid Journal   (Followers: 6)
Applied Stochastic Models in Business and Industry     Hybrid Journal   (Followers: 5)
Apuntes Universitarios     Open Access   (Followers: 1)
Arab Economic and Business Journal     Open Access   (Followers: 3)
Archives of Business Research     Open Access   (Followers: 4)
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: 309)
Asia Pacific Viewpoint     Hybrid Journal  
Asia-Pacific Journal of Business Administration     Hybrid Journal   (Followers: 3)
Asia-Pacific Journal of Operational Research     Hybrid Journal   (Followers: 3)
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: 6)
Asian Economic Papers     Hybrid Journal   (Followers: 7)
Asian Economic Policy Review     Hybrid Journal   (Followers: 3)
Asian Journal of Accounting and Governance     Open Access   (Followers: 3)
Asian Journal of Business Ethics     Hybrid Journal   (Followers: 7)
Asian Journal of Social Sciences and Management Studies     Open Access   (Followers: 6)
Asian Journal of Technology Innovation     Hybrid Journal   (Followers: 9)
Asian-pacific Economic Literature     Hybrid Journal   (Followers: 5)
AStA Wirtschafts- und Sozialstatistisches Archiv     Hybrid Journal   (Followers: 5)
Atlantic Economic Journal     Hybrid Journal   (Followers: 14)
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: 16)
Australian Economic Review     Hybrid Journal   (Followers: 7)
Australian Journal of Maritime and Ocean Affairs     Hybrid Journal   (Followers: 11)
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: 5)
Benchmarking : An International Journal     Hybrid Journal   (Followers: 11)
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: 11)
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: 30)
Brookings Papers on Economic Activity     Open Access   (Followers: 46)
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: 16)
Bulletin of Geography. Socio-economic Series     Open Access   (Followers: 6)
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: 15)
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 Horizons     Open Access   (Followers: 2)
Business and Economic Research     Open Access   (Followers: 5)
Business and Management Horizons     Open Access   (Followers: 11)
Business and Management Research     Open Access   (Followers: 16)
Business and Management Studies     Open Access   (Followers: 7)
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: 13)
Business Management and Strategy     Open Access   (Followers: 39)
Business Research     Hybrid Journal   (Followers: 1)
Business Strategy and the Environment     Hybrid Journal   (Followers: 11)
Business Strategy Review     Hybrid Journal   (Followers: 6)
Business Strategy Series     Hybrid Journal   (Followers: 5)
Business Systems & Economics     Open Access   (Followers: 1)
Business Systems Research Journal     Open Access   (Followers: 4)
Business, Management and Education     Open Access   (Followers: 16)
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: 55)
Cambridge Journal of Regions, Economy and Society     Hybrid Journal   (Followers: 9)
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: 25)
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: 11)
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: 1)
CESifo Economic Studies     Hybrid Journal   (Followers: 15)
Chain Reaction     Full-text available via subscription   (Followers: 1)
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: 17)
China Economic Journal: The Official Journal of the China Center for Economic Research (CCER) at Peking University     Hybrid Journal   (Followers: 10)
China Economic Review     Hybrid Journal   (Followers: 10)
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: 1)
COEPTUM     Open Access  
Community Development Journal     Hybrid Journal   (Followers: 23)
Compensation & Benefits Review     Hybrid Journal   (Followers: 6)
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: 5)
Computational Economics     Hybrid Journal   (Followers: 9)
Computational Mathematics and Modeling     Hybrid Journal   (Followers: 8)
Computer Law & Security Report     Hybrid Journal   (Followers: 15)
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: 4)
Corporate Philanthropy Report     Hybrid Journal   (Followers: 2)
Corporate Reputation Review     Hybrid Journal   (Followers: 5)
Creative and Knowledge Society     Open Access   (Followers: 10)
Creative Industries Journal     Hybrid Journal   (Followers: 8)
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: 15)
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]   [10 followers]  Follow
   Hybrid Journal Hybrid journal (It can contain Open Access articles)
   ISSN (Print) 1043-951X
   Published by Elsevier Homepage  [3041 journals]
  • 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
  • School starting age and academic achievement: Evidence from China's junior
           high schools
    • Abstract: Publication date: Available online 18 March 2017
      Source:China Economic Review
      Author(s): Shiying Zhang, Ruoyu Zhong, Junchao Zhang
      This paper examines the effect of school starting age on the academic achievement of junior high school students using the newly available data from the China Education Panel Survey. Regression discontinuity design estimation based on an exogenous entrance cutoff date indicates that a one-year delay is associated with a 0.303 decrease in standard deviations of cognitive scores. However, this negative effect is caused by human capital accumulation prior to primary school entry.

      PubDate: 2017-03-20T15:49:29Z
  • Economies of scale, resource dilution and education choice in developing
           countries: Evidence from Chinese households
    • Abstract: Publication date: Available online 16 March 2017
      Source:China Economic Review
      Author(s): Guangjun Shen, Jingxian Zou, Xiaoguang Liu
      Recent empirical studies suggest that the negative correlation between the quantity of children within a family and their educational attainment, which is widely observed in developed countries, is inconsistent or even rejected in developing countries. This paper aims to integrate these divergent empirical results into a unified theoretical framework by introducing scale economies into the classical model of Becker and Lewis (1973). As a result, the “anomaly” of an observed upward or an inverted U-shaped relationship can be expected as the scale economies effect dominates when there are few children in a family. Using data from the China's 1990 and 2000 censuses, this study further tests some hypotheses induced from the model. Educational attainment increases with sibling size at first and then drops. Children with one or two siblings achieve the highest education during the period our sample covers. The inverted U-shaped correlation is more robust for rural subsamples, for older cohorts and for economically underdeveloped regions and groups, which is consistent with the prediction of the model.

      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
  • Do China's high-speed-rail projects promote local economy?—New evidence
           from a panel data approach
    • Abstract: Publication date: Available online 6 March 2017
      Source:China Economic Review
      Author(s): Xiao Ke, Haiqiang Chen, Yongmiao Hong, Cheng Hsiao
      This paper evaluates the effect of High Speed Rail (HSR) projects on the economic growth of targeted city nodes (HSR cities) in China using prefectural-level city data from 1990 to 2013. Employing a panel data program evaluation method devised by Hsiao, Ching, and Wan (2012), we construct hypothetical counterfactuals for per capita real GDP of HSR cities in the absence of their respective HSR projects using the outcomes in selected non-HSR cities. We find that the responses to HSR treatment are heterogeneous with regard to location, route, and region. The location-level impact ranges between 5% and 59% and is not temporary. HSR cities with positive effects concentrate along the Hu-Ning Segment, the Yong-Tai-Wen-Fu-Xia Segment, and within the Hunan province along the Wu-Guang HSR. These cities are mainly located in the eastern coastal regions of China, in core urban agglomeration regions that allow them to be transportation hubs. In general, the gain for local economies is greater for cities that are more industrialized, with more ability of the service sector to absorb enough labor, and with better supporting infrastructure. On the other hand, local protectionism hampers the development of HSR cities. We also show that at different project stages, HSR cities experience different gains.

      PubDate: 2017-03-09T02:46:37Z
  • Confucius Institutes and FDI flows from China to Africa
    • Abstract: Publication date: Available online 1 March 2017
      Source:China Economic Review
      Author(s): Muhammad Akhtaruzzaman, Nathan Berg, Donald Lien
      Is the establishment of new Confucius Institutes (CIs) in African countries motivated by resource seeking? We focus on uncovering new empirical evidence about the establishment of CIs, whether they are related to natural resources, and the extent to which the establishment of new CIs and Chinese foreign aid flows affect one another. Whereas Chinese aid flows do indeed appear to be empirically associated with African countries' natural resources, the evidence we report suggests that CIs are established based on a distinct set of motives. We find that CIs, Chinese foreign aid flows to Africa and natural resources have joint predictive power on the subsequent year's Chinese FDI outflows. CIs are not, however, positively associated with the subsequent year's aid flows. And aid flows are not positively associated with the subsequent year's expected number of CIs. We interpret this as evidence that CIs reflect an economically significant expression of Chinese soft power. The goals underlying the expression of this soft power are not subsumed by natural resource seeking and are not easily compressed to a single dimension. The data show that CIs and aid flows are not positive predictors of each other and are not subsumed (i.e., made to disappear) by the inclusion of controls for natural resources. Thus, the presence of a CI reveals independent, novel, and economically significant information about future trade flows that cannot be explained away by differences in resources or other control variables commonly found in empirical models of trade flows. The empirical evidence suggests that CIs are indeed an effective instrument for increasing China's soft power but that this soft power is not motivated solely (if at all) by resource seeking.

      PubDate: 2017-03-03T05:55:27Z
  • The effectiveness of monetary policy in China: Evidence from a Qual VAR
    • Abstract: Publication date: Available online 24 February 2017
      Source:China Economic Review
      Author(s): Hongyi Chen, Kenneth Chow, Peter Tillmann
      Analyzing monetary policy in China is not straightforward because the People's Bank of China (PBoC) implements policy by using more than one instrument. In this paper we use a Qual VAR, a conventional VAR system augmented with binary policy announcements, to extract a latent indicator of tightening and easing pressure, respectively, for China. The model acknowledges that policy announcements are endogenous and summarizes policy by a single indicator. The Qual VAR allows us to study the impact of monetary policy in terms of unexpected changes in these latent variables, which we identify using sign restrictions. We show that the transmission of monetary policy impulses to the rest of the economy is similar to the transmission process in advanced economies in terms of both output growth and inflation despite a very different monetary policy framework. We find that bank loans are not sensitive to policy changes, which implies that window guidance is still a necessary policy tool. We also find that the impact of monetary policy shocks is asymmetric in terms of asset prices, that is, the asset price reactions differ in their sensitivity to tightening shocks and easing shocks, respectively. In particular, an easing of monetary conditions boosts stock prices while a tightening shock leaves stock prices unaffected. This shows that monetary policy is not a suitable tool to stabilize asset prices, which raises implications for financial stability and macroprudential policy.

      PubDate: 2017-03-03T05:55:27Z
  • Are local governments maximizing land revenue? Evidence from China
    • Abstract: Publication date: Available online 20 February 2017
      Source:China Economic Review
      Author(s): Yuan Wang, Eddie Chi-man Hui
      This paper examines how political considerations affect local officials' revenue maximization behaviors in the context of urban land conveyance in China. Particularly, we analyze government intervention based on local officials' choice of two land auction types, namely, “English auction” and “two-stage auction”. The latter presumably serves as a tool of government intervention. We aim to address the research question: “Are local governments maximizing land revenue?” The major findings are threefold. First, for cities with higher housing prices, two-stage auctions are adopted more frequently than English auctions. In addition, land parcels in these “hot” cities adopt two-stage auctions more frequently during sensitive political events, suggesting that local officials respond positively to the real estate regulation policy from central government. Second, when city leaders are more incentivized to promote economic performance, they respond less positively to rises in housing prices. Third, such interventionist behavior results in a significantly depressed land price and housing price. Despite its intention of improving public welfare, this interventionism can susceptibly cause problems of misallocation and corruption.

      PubDate: 2017-02-23T23:25:34Z
  • Asymmetric reform bonus: The impact of VAT pilot expansion on China's
           corporate total tax burden
    • Abstract: Publication date: Available online 12 February 2017
      Source:China Economic Review
      Author(s): Hongsheng Fang, Yuxin Bao, Jun Zhang
      China's VAT pilot program began in Shanghai and was extended to eight provincial-level regions in 2012. We develop a simple model to explore whether and how the VAT pilot expansion affects corporate total tax burden. We find that it will reduce corporate total tax burden of small-scale taxpayers, while for general taxpayers, total tax burden change is uncertain. Using unique company-level half-yearly panel data and general setting for DID analysis for multiple groups and multiple periods, we find that the average treatment effects of the VAT pilot expansion on corporate total tax burden of general taxpayers are insignificant in the pooled sample. Furthermore, the VAT program shows no heterogeneity between the transportation and modern services industries. However, we find that the pilot effect varies by deductible items. In particular, the reduction tax effect is stronger in companies with higher intermediate input rates, and the largest effect is 60.4%. These results are consistent with our conceptual framework.

      PubDate: 2017-02-16T22:47:27Z
  • Middle-income traps in East Asia: An inquiry into causes for slowdown in
           income growth
    • Abstract: Publication date: Available online 11 February 2017
      Source:China Economic Review
      Author(s): 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 conducive to growth. By using data from high-, middle- and low-income economies in East Asia, the paper asks which symptoms we should inspect in order to diagnose the middle-income trap when an economy is having a growth slowdown.

      PubDate: 2017-02-16T22:47:27Z
  • Mechanization outsourcing clusters and division of labor in Chinese
    • Abstract: Publication date: Available online 10 February 2017
      Source:China Economic Review
      Author(s): Xiaobo Zhang, Jin Yang, Reardon Thomas
      Despite small landholdings, a high degree of land fragmentation, and rising labor costs, agricultural production in China has steadily increased. If one treats the farm household as the unit of analysis, it would be difficult to explain the conundrum. When seeing agricultural production from the lens of the division of labor, the puzzle can be easily solved. In response to rising labor costs, farmers outsource some power-intensive stages of production, such as harvesting, to specialized mechanization service providers, which are often clustered in a few counties and travel throughout the country to provide harvesting services at competitive prices. Through such an arrangement, smallholder farmers can stay viable in agricultural production.

      PubDate: 2017-02-16T22:47:27Z
  • Supply chain trade and technological transfer in the ASEAN+3 region
    • Abstract: Publication date: Available online 4 February 2017
      Source:China Economic Review
      Author(s): 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 chain-trade does not facilitate technological transfer. On the contrary: FDI appears to have significant and negative spill-over effects on technological change. Positive spill-overs from FDI materialize only when host countries have sufficiently high levels of education.

      PubDate: 2017-02-04T17:50:11Z
  • The behavior of money demand in the Chinese hyperinflation
    • Abstract: Publication date: February 2017
      Source:China Economic Review, Volume 42
      Author(s): Liuyan Zhao
      In this paper I study the behavior of money demand during the episode of hyperinflation that occurred in China after World War II. I consider two popular and competing money demand specifications – the log–log and the semi-log – and show that the log–log performs better than the semi-log in its ability to track the behavior of the money demand. The choice between the two specifications is of great importance, as it implies that welfare cost estimates are very different for hyperinflation. The findings also contribute to the understanding of Cagan’s paradox and the failure of Cagan inflationary finance models. The paradox might be attributable to the popular semi-log schedule for money demand, and the log–log schedule might be an appropriate form for the analysis of hyperinflation.

      PubDate: 2017-02-04T17:50:11Z
  • Domestic and international border effects: The cases of China and Japan
    • Abstract: Publication date: April 2017
      Source:China Economic Review, Volume 43
      Author(s): Kazunobu Hayakawa
      Previous studies in the border-effect literature surprisingly found that domestic border effects are larger than international border effects (e.g., in the United States or Brazil). One interpretation of this result is that these estimates include the effects of producer agglomeration. Therefore, in this study, we estimate those border effects exclusively for transactions for final consumption, in which such agglomeration forces will be weak, in China and Japan. As a result, we found larger international border effects and could not find a significant role for producer agglomeration in the estimates of border effects. We also found that China's accession to the World Trade Organization reduces border effects in trading between China and Japan but does not decrease domestic border effects.

      PubDate: 2017-01-29T17:45:24Z
  • Are smokers too optimistic about their health status: Ex ante perception
           versus ex post observation
    • Abstract: Publication date: Available online 26 January 2017
      Source:China Economic Review
      Author(s): Chee-Ruey Hsieh, Te-Fen Lo
      As the world has moved toward the era of non-communicable diseases, whether the individuals are in a capable position to accurately evaluate their own health status has an important implication on disease prevention in particularly and population health outcome in general. In this paper, we address four important questions surrounding the accuracy of health perception: (1) to what extent that individuals can make an accurate evaluation on their own health status; (2) what are the major factors influencing health misperception if any; (3) what are the causal directions between health behavior and health perception; and (4) whether individuals can learn and update their self-evaluation on health status over time and whether such learning is productive in that it mitigates the health misperception. Specifically, we use a longitudinal data set obtained from Taiwan that covers six waves of survey over about twenty-year period to compare the ex ante subjective perception on health and the ex post mortality hazards. Our results suggest that over one third of the survey respondents are not performing well in the evaluation of their own health status. We also find that smokers are more likely to have an optimistic bias on their own health assessment as compared to nonsmokers. After controlling for the simultaneous causality problem, we find a causal effect of individuals' misperceptions on continuing smoking, but not vice versa. In addition, our results show that individuals update their subjective perception on health over time through the learning from personal health shocks and the provision of public information on smoking hazards. Although the learning process tends to be overshooting among smokers, it is beneficial to mitigate the optimistic bias. We also find the evidence that personal health shock has a stronger impact on updating behavior than public information, indicating that personal experience is a more effective channel through which to correct the bias in health perception, compared to the provision of public information, such as anti-smoking campaign.

      PubDate: 2017-01-29T17:45:24Z
  • China’s Expansion of Higher Education: The Labour Market
           Consequences of a Supply Shock
    • Abstract: Publication date: Available online 25 January 2017
      Source:China Economic Review
      Author(s): John Knight, Quheng Deng, Shi Li
      In the decade 1998–2008 China expanded enrolment in higher education almost six-fold. For the examination of its short term labour market consequences, this unprecedentedly huge and sudden policy change might be regarded as a natural experiment. After providing a theoretical framework for analysis, the paper uses urban labour market surveys to analyse how the labour market adjusted to the supply shock. Three outcomes are examined: the effect of the expansion on wages, on unemployment, and on access to ‘good jobs’. The shock is found to reduce relative wages, raise the unemployment rate, and reduce the proportion in good jobs, but only for the entry-year or entry-period cohort of graduates. The effect is fairly powerful for entrants, especially university rather than college graduates, but incumbent graduates are largely protected from the supply shock. An attempt is made to examine the labour market effects of the quantitative expansion on educational quality. The paper provides insight into the operation of China's labour market in recent years.

      PubDate: 2017-01-29T17:45:24Z
  • A Contractual Analysis of State versus Private Ownership
    • Abstract: Publication date: Available online 25 January 2017
      Source:China Economic Review
      Author(s): 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 plays a more important role than the owner. Our empirical analysis supports our theoretical findings and reveals that better internal governance, more external risk and greater importance of the manager will magnify the benefits of privatization.

      PubDate: 2017-01-29T17:45:24Z
  • Surplus agricultural labour and China's Lewis turning point
    • Abstract: Publication date: Available online 21 January 2017
      Source:China Economic Review
      Author(s): Fung Kwan, Yanrui Wu, Shuaihe Zhuo
      Official data are criticized for over-reported agricultural labour statistics. We derive an alternative series of labour participated in agriculture with the information of production cost and revenue. Using parametric stochastic frontier approach, labour requirement functions are estimated for 30 farm and animal husbandry products in rural China. The estimated required amount of labour is compared with our newly-derived observed agricultural labour to obtain the surplus labour. This surplus ranges from 18% to 12% of agricultural labour between 2001 and 2013. Our results reveal that China was relatively successful in reducing redundant labour in rice production. Equally important, the trends of our estimated surplus place China in the second stage of transition under the Lewis-Fei-Ranis framework, moving in the direction of full commercialization or the so-called Lewis turning point.

      PubDate: 2017-01-22T11:09:18Z
  • Corruption, Costs, and Family: Chinese Capital Flight, 1984-2014
    • Abstract: Publication date: Available online 19 January 2017
      Source:China Economic Review
      Author(s): Frank R. Gunter
      Since 1984, the foreign debt of the Peoples” Republic of China has increased at a greater rate then would be explained by changes in the country”s current account, foreign direct investment and reserve holdings. This pattern is consistent with large-scale outflow of financial capital, commonly referred to as capital flight. Since 2005, capital flight has accelerated reaching $425 billion (plus or minus $60 billion) in 2014 alone. This study provides three estimates for capital flight from China for the period 1984 through 2014 using both Cuddington”s balance of payments and more inclusive residual measures. These measures are adjusted to reflect the legitimate assets of the Chinese banking industry, mis-invoicing of China's trade with its major trading partners (especially Hong Kong), exchange rate changes, and the failure of official debt data to capture certain bank transactions. Based on these estimates, it is concluded that capital controls have little long-term effect on the volume of capital flight, Hong Kong is increasingly a pipeline for capital flight from the mainland, and that ‘traditional’ explanations do not apply to China's capital flight over the last decade. Finally, corruption, transaction costs, and facilitating migration are considered as possible explanations of the recent acceleration of Chinese capital flight.
      Graphical abstract image

      PubDate: 2017-01-22T11:09:18Z
  • Home Ownership, Housing Price and Social Security Expenditure
    • Abstract: Publication date: Available online 16 January 2017
      Source:China Economic Review
      Author(s): 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 rates when house price rises (falls). We test 35 metropolises panel data which spans the year of 1998–2012 under a two-way fixed effects framework. Our empirical analysis supports the theoretical prediction. The estimation results show that at the current home rate 82%, 1% increase in housing price will lead to 1.15 Yuan reduction in social security spending per capita.

      PubDate: 2017-01-22T11:09:18Z
  • Demographic change and its impact on farmers' field production decisions
    • Abstract: Publication date: Available online 14 January 2017
      Source:China Economic Review
      Author(s): 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 inputs. Therefore, the demographic change and development of machinery service may jointly influence farmers' production decision in terms of crop choice and inputs. Household data of Fixed Point Rural Survey (FPRS) are used to examine the potential change in farmers' decisions on crop mix and input uses. It is found out that, under current situations, aging may impact agriculture through changing crop mix, and the choice is largely determined by access to service of farm machine; which, in turn, is likely to be determined by topography.

      PubDate: 2017-01-15T20:53:31Z
  • The Preference for Larger Cities in China: Evidence from Rural-Urban
    • Abstract: Publication date: Available online 13 January 2017
      Source:China Economic Review
      Author(s): Chunbing Xing, Junfu Zhang
      China has long aimed to restrict population growth in large cities but encourages growth in small and medium-sized cities. At the same time, various government policies favor large cities. We conjecture that larger cities in China offer a better quality of life and more opportunities. We thus predict that a typical rural-urban migrant is willing to give up some income in order to live in a larger city. We present a simple model in which rural-urban migrants choose destination cities to maximize utilities from consumption and urban amenities. Drawing data from a large-scale population survey conducted in 2005, we first estimate each migrant’s expected earnings in each possible destination city using a semi-parametric method to correct for potential selection bias. We then estimate the typical migrant’s preference for city population size, instrumenting population size with its lagged values to control for potential omitted-variables bias. From these estimation results, we calculate the typical migrant’s willingness to pay to live in larger cities. Our results show that indeed rural-urban migrants strongly prefer cities with larger populations. We explore possible explanations for this preference and discuss the implications of these findings.

      PubDate: 2017-01-15T20:53:31Z
  • Who determines Chinese firms' engagement in corruption: Themselves or
    • Abstract: Publication date: Available online 10 January 2017
      Source:China Economic Review
      Author(s): Jing You, Huihua Nie
      We investigate the determinants of firm corruption and highlight contagious diffusion of firm corruption under mutual influences of firms' past corrupt history and between peers. The analysis finds that firms' decision-making on engagement in corruption can be affected vertically by their own past experience of bribing bureaucrats and horizontally by the contagion effects of neighbors' observed malfeasance, while there is substantial regional heterogeneity. Moreover, these horizontal contagion effects are nonlinear depending on the distance between neighbors. We also identify three channels underlying “osmosis” of corruption: firms' geographic networks, information exposure, and local marketization. The strongest contagion effect appears in the eastern region, indicating that petty firm corruption can develop into a systematic phenomenon. More practical anti-corruption policies call for cooperation in design and implementation across administrative areas.

      PubDate: 2017-01-15T20:53:31Z
  • Embracing globalization to promote industrialization: Insights from the
           development of Singapore's petrochemicals industry
    • Abstract: Publication date: Available online 8 January 2017
      Source:China Economic Review
      Author(s): Khuong M. Vu
      Debates about industrial policy reveal disagreements on three salient issues. The first is whether government can overcome its own failures, namely knowledge constraints and rent-seeking, to correct market failures. The second is whether government should go beyond horizontal policies to adopt more activist interventions such as “winner-picking.” The third is whether intervention should follow or defy the country's comparative advantage. Singapore's experience in developing a globally competitive petrochemicals industry, within only a few decades and through vigorous interventions, provides meaningful insights into these debates and offers valuable lessons for developing countries. The lessons drawn from this paper suggest three fundamental principles for designing a promotion strategy and a strategic action framework for implementation.

      PubDate: 2017-01-15T20:53:31Z
  • The Economic Returns to Proficiency in English in China
    • Abstract: Publication date: Available online 7 January 2017
      Source:China Economic Review
      Author(s): Haining Wang, Russell Smyth, Zhiming Cheng
      We examine economic returns to proficiency in English in China using two waves of the China Labor-Force Dynamics Survey (CLDS). We find positive earnings returns to proficiency in English. We find considerable heterogeneity in the economic returns to proficiency in English across age groups, coastal and inland provinces, levels of education and occupation. We find that the returns to proficiency in English are higher in the coastal region, higher for women and evidence of education-language and skill-language complementarity. We also see differences in the economic returns to English between urban and rural residents and between rural-urban migrants and urban locals. Our findings help to explain why the demand for learning English is so high in China, as well as having implications for the Chinese government at a time when it is re-evaluating the importance attached to learning English in the curriculum.

      PubDate: 2017-01-15T20:53:31Z
  • Social Networks, Job Satisfaction and Job Searching Behavior in the
           Chinese Labor Market
    • Abstract: Publication date: Available online 6 January 2017
      Source:China Economic Review
      Author(s): Ailun Xiong, Hongyi Li, Hans Westlund, Yongjian Pu
      This study first investigates determinants of job searching strategies and then examines if social networks are connected with better job outcomes. Unlike previous studies that focus solely on income, this paper pays more heed to job satisfaction. Based on data drawn from China General Social Survey, we find that disadvantaged job seekers rely primarily on informal channels; whereas experienced and better-educated job seekers tend to search for jobs through formal channels. However, those reaping the largest benefit from using networks are the job seekers who are able to use formal and informal channels jointly. By disaggregating the whole sample, we further find that the promoting effect of network use is contingent on factors such as gender and types of jobs. Network use brings about larger benefits to female and job seekers target to prestigious occupations. Finally, it appears that whether a job seeker can receive influential help depends primarily on the social status of the contacts rather than their tie strength. The results of our paper thus urge us to examine the combination of different searching strategies rather than studying them separately.

      PubDate: 2017-01-06T19:07:17Z
  • A dilemma of fertility and female labor supply: Identification using
           Taiwanese twins
    • Abstract: Publication date: Available online 4 January 2017
      Source:China Economic Review
      Author(s): Junchao Zhang
      Using micro-data from the Taiwan Population and Housing Census, this study estimates the causal effect of fertility on the labor supply of married women. To address the endogeneity of fertility, we exploit exogenous variations in the number of children caused by twin births, which can be considered a natural experiment. The instrumental variable estimates indicate that an additional child reduces female employment by 10.5 percentage points for those who have at least one delivery, and the effects gradually decline for females who have two or more deliveries, with the effects vanishing when females have three or more deliveries. Also, the effect of fertility varies substantially with the time elapsed since the last childbirth, which has a consequence for differences in estimates across different samples in the literature.

      PubDate: 2017-01-06T19:07:17Z
  • Be a Good Samaritan to a Good Samaritan: Field Evidence of Other-regarding
           Preferences in China
    • Authors: Simon Chang; Thomas S. Dee; Chun Wing Tse; Li Yu
      Pages: 23 - 33
      Abstract: Publication date: Available online 21 August 2016
      Source:China Economic Review
      Author(s): Simon Chang, Thomas S. Dee, Chun Wing Tse, Li Yu
      We conducted a large-scale lost letter experiment in Beijing, a megacity with >21 million residents, to test if the observed altruistic attribute of the letter recipient would induce more passersby to return the lost letters. The treatment letters were addressed to a nationally renowned charitable organization in China, while the control letters were intended to an invented individual. A total of 832 ready-to-be-posted letters were distributed in 208 communities across eight districts in the city. The overall return rate was 13%. Yet, the return rate of the treatment letters (17%) was nearly twice as high as that of the control letters (9%). The finding adds large-scale field experiment evidence in support of the other-regarding preferences theory. In addition, we also found that the lost letters were more likely to be returned if they were dropped in communities with a relatively higher income or a postal box located closer.

      PubDate: 2016-08-24T18:39:48Z
      DOI: 10.1016/j.chieco.2016.08.007
      Issue No: Vol. 41 (2016)
  • Off-farm employment and time allocation in on-farm work in rural China
           from gender perspective
    • Authors: Weiliang Su; Tor Eriksson; Linxiu Zhang; Yunli Bai
      Pages: 34 - 45
      Abstract: Publication date: Available online 21 August 2016
      Source:China Economic Review
      Author(s): Weiliang Su, Tor Eriksson, Linxiu Zhang, Yunli Bai
      This paper sheds light on how the growing number of off-farm employees affects the labor allocation of female and male left-behind farmers in the Chinese agricultural sector. We find no direct effect of off-farm employment on left behind workers' total working time in farming, nor do we observe a gender difference in this respect. However, we do find that increasing off-farm work is associated with fewer days worked on staple crops, and in the harvesting and sales stages of the production process. Hiring labor and buying agricultural services also impact left behind workers' time allocation. Moreover, we find that in China, contrary to several other developing countries, there is no trend towards a feminization of agriculture, but rather a tendency in the reverse direction.

      PubDate: 2016-08-24T18:39:48Z
      DOI: 10.1016/j.chieco.2016.08.006
      Issue No: Vol. 41 (2016)
  • Forecasting China's economic growth and inflation
    • Authors: Patrick Higgins; Tao Zha; Wenna Zhong
      Pages: 46 - 61
      Abstract: Publication date: Available online 18 August 2016
      Source:China Economic Review
      Author(s): Patrick Higgins, Tao Zha, Wenna Zhong
      Although macroeconomic forecasting forms an integral part of the policymaking process, there has been a serious lack of rigorous and systematic research in the evaluation of out-of-sample model-based forecasts of China's real GDP growth and CPI inflation. This paper fills this research gap by providing a replicable forecasting model that beats a host of other competing models when measured by root mean square errors, especially over long-run forecast horizons. The model is shown to be capable of predicting turning points and to be usable for policy analysis under different scenarios. We find that M2 supply, rather than interest rates, is a key variable for forecasting macroeconomic variables. It predicts that annual GDP growth for the next five years will be close to the 6.5% official target and that a future GDP growth path will be of L-shape rather than U-shape.

      PubDate: 2016-08-18T18:03:27Z
      DOI: 10.1016/j.chieco.2016.07.011
      Issue No: Vol. 41 (2016)
  • Effects of quantity of education on health: A regression discontinuity
           design approach based on the Chinese Cultural Revolution
    • Authors: Hai Zhong
      Pages: 62 - 74
      Abstract: Publication date: Available online 1 September 2016
      Source:China Economic Review
      Author(s): Hai Zhong
      In this paper, we exploit the negative educational shock caused by the Chinese Cultural Revolution to apply a regression discontinuity method in identifying the causal effects of education on health. While we find that better education reduces the probability of having poor self-assessed health and disabilities, we do not find statistically significant effects of education on the probability of having poor physical functioning status or uncomfortable body pains in the previous four weeks. Moreover, we find an interesting result that better education increases the probability of having chronic diseases. While most existing studies only identify the effect of education at a particular level, one contribution of our paper is that it provides estimates much closer to the population average effect. Moreover, our results imply that the underlying mechanism behind the effect of education on health might be different in developing countries from that in developed countries.

      PubDate: 2016-09-02T06:44:16Z
      DOI: 10.1016/j.chieco.2016.08.011
      Issue No: Vol. 41 (2016)
  • Export spillovers and export performance in China
    • Authors: Cui Hu; Yong Tan
      Pages: 75 - 89
      Abstract: Publication date: Available online 22 August 2016
      Source:China Economic Review
      Author(s): Cui Hu, Yong Tan
      This paper examines the local export spillover effect on the individual decisions to start exporting (the extensive margin) and export volume (the intensive margin), using a unique dataset of Chinese export firms, at the product-level and by destination country. Based on a gravity-type equation estimated at firm-level, we find that export spillovers positively influence not only the decision of a nearby firm to start exporting, but also the volume of the exporting. Several methods are used to verify the robustness of these results. In addition, we find that the effect of export spillovers is stronger when it is product-destination-specific than that when it is either product or destination-specific alone, and also stronger than that is in general. Geographically, local export spillovers exhibit spatial decay in China: the effect is stronger for firms located in the same city than it is for firms outside the city. Small and multi-product firms are more likely to be influenced by the local export spillovers, and their impact is stronger for firms exporting complex goods and exporting to easy-entry countries. Moreover, the export spillovers from private firms are the strongest, followed by foreign-invested firms with the effect generated by state-owned firms ranking last.

      PubDate: 2016-08-24T18:39:48Z
      DOI: 10.1016/j.chieco.2016.08.008
      Issue No: Vol. 41 (2016)
  • Hukou system reforms and skilled-unskilled wage inequality in China
    • Authors: Jiancai Pi; Pengqing Zhang
      Pages: 90 - 103
      Abstract: Publication date: Available online 30 August 2016
      Source:China Economic Review
      Author(s): Jiancai Pi, Pengqing Zhang
      In China, rural migrant workers usually cannot get fair treatment due to the hukou system. This paper investigates how hukou system reforms affect the skilled-unskilled wage inequality through the general equilibrium approach. In the basic model, we find that an increase in the strength of hukou system reforms will narrow down the wage inequality if the urban skilled sector is more capital intensive than the urban unskilled sector. In addition, we separately extend the basic model by introducing the endogenous minimum wage and an informal sector, and find that in these two extended cases the main results of the basic model will conditionally or unconditionally hold. When we consider some empirical evidences in China, our models predict that an increase in the strength of hukou system reforms will reduce the wage inequality.

      PubDate: 2016-09-02T06:44:16Z
      DOI: 10.1016/j.chieco.2016.08.009
      Issue No: Vol. 41 (2016)
  • Gender Differences in Performance-Based Pay: Evidence from a Chinese
    • Authors: Qian Guo; Yang Song; Wenkai Sun; Yijie Wang
      Pages: 104 - 113
      Abstract: Publication date: Available online 6 September 2016
      Source:China Economic Review
      Author(s): Qian Guo, Yang Song, Wenkai Sun, Yijie Wang
      We examined gender differences in performance-based pay in an institute of a top Chinese university, to provide insight into the gender earnings gap. We found that male professors earned more from research and less from teaching than did comparable female professors even though male and female professors showed no statistically significant difference in the total performance-based pay. Given the piece rate nature of bonuses in the institute and one’s tendency to invest more time in areas where one has comparative advantages to maximize the total income, the study results lead to the conclusion that male professors displayed comparative advantage in research while female professors exhibited comparative advantage in teaching. The conclusion is corroborated by analyses of time allocation, and number of papers published as first author and as co-author.

      PubDate: 2016-09-08T07:13:49Z
      DOI: 10.1016/j.chieco.2016.09.002
      Issue No: Vol. 41 (2016)
  • China's interregional capital mobility: A spatial econometric estimation
    • Authors: Shoukun Wang
      Pages: 114 - 128
      Abstract: Publication date: Available online 21 September 2016
      Source:China Economic Review
      Author(s): Shoukun Wang
      Free interregional mobility of capital refers to the efficiency of resource allocation. Using a general spatial autocorrelation model that extends the traditional Feldstein–Horioka (FH) test, we analyze Chinese provincial data for the periods before and after 1993, and show that the FH coefficients differ to those in the existing literature. During China's period of reform and opening up between 1979 and 1992, the FH coefficient is significantly negative or not statistically significant. However, for the period after 1994, the FH coefficient is significantly higher than that shown in prior studies. This study explains this phenomenon from the perspective of Chinese-style decentralization. The FH test is an indirect method of showing regional capital mobility. Therefore, we need some form of direct measurement. Thus, we use the rate of the proportional change in physical capital stock as a proxy variable to demonstrate capital mobility directly, and use it to analyze various factors affecting Chinese provincial capital mobility. When investigating these factors, and to establish a realistic foundation on which the spatial effects take place, we devise four spatial weight matrices from the perspectives of geographical features and economic characteristics. Lastly, in order to promote regional capital mobility in China, the Chinese central government needs to take urgent measures to change local governments' strong preferences for GDP under the pressure of political promotion.

      PubDate: 2016-09-26T16:30:09Z
      DOI: 10.1016/j.chieco.2016.09.006
      Issue No: Vol. 41 (2016)
  • The Impact of an Academic High School Tuition Relief Program on
           Students’ Matriculation into High Schools in Rural China
    • Abstract: Publication date: Available online 27 December 2016
      Source:China Economic Review
      Author(s): Yunli Bai, Linxiu Zhang, Hongmei Yi, Liming Zheng, Scott Rozelle
      By 2010, only one-quarter of workers in China had received a high school (HS) education. One of the root causes of this low rate is that China has the highest HS tuition fees globally. Although the Chinese government has implemented a series of programs to reduce the cost of attending vocational HS, the cost of attending academic HS in China emains high. This study evaluates the extent to which an academic HS tuition relief program initiated by a poor county in western China affects students' schooling decisions after graduation from junior high school. By using a longitudinal dataset of 2348 students in two counties, we use ordinary least squares and propensity score matching to evaluate the impact of this program on four student outcomes: matriculation into academic HS, matriculation into vocational HS, entering the labor market, and retaking high school entrance exams. The results show that the program significantly increased matriculation into academic HS by 21 percentage points, while it reduced matriculation into vocational HS by 7 percentage points, the likelihood of entering the labor market by 11.9percentage points, and the likelihood of retaking exams by 2.1 percentage points. Further, we find that the effects of the program among middle-income students are stronger compared with those of other groups. And we found that the program had no significantly heterogeneous impact on students with different academic performance.

      PubDate: 2016-12-27T19:02:10Z
  • Glass ceiling effect in urban China: Wage inequality of rural-urban
           migrants during 2002–2007
    • Abstract: Publication date: Available online 13 December 2016
      Source:China Economic Review
      Author(s): Zhaopeng Qu, Zhong Zhao
      The paper studies the levels and changes in wage inequality among Chinese rural-urban migrants during 2002–2007. Using data from two waves of national household surveys, we find that wage inequality among migrants decreased significantly between 2002 and 2007. Our analysis on the wage distribution further shows that the high-wage migrants experienced slower wage growth than middle- and low-wage migrants—a primary cause of declining inequality of migrants. By using distributional decomposition methods based on quantile regression, we find that an overall between-group effect dominates in the whole wage distribution, which means that the change in returns to the characteristics (education, experience and other employment characteristics) plays a key role, but on the upper tails of the wage distribution, the within group effect (residual effect) dominates, implying that the unobservable factors or institutional barriers do not favor the migrants at the top tail of the wage distribution. We also the study wage differential between migrants and urban natives, and find that though the wage gap is narrowed, the gap at the upper wage distribution is becoming bigger. Overall, the results suggest that there exists a strong “glass ceiling” for migrants in the urban labor market.

      PubDate: 2016-12-19T12:03:36Z
  • Continued export trade, screening-matching and gender discrimination in
    • Abstract: Publication date: Available online 9 December 2016
      Source:China Economic Review
      Author(s): Hao Chen, Chunming Zhao, Wence Yu
      The screening mechanism of export trade facilitates enterprises to increase their recruitment threshold, which in turn has a biased impact on the employment of heterogeneous individuals. Incorporating export trade, screening-matching and gender discrimination in employment into a unified analysis and applying propensity score matching estimation on the basis of the theoretical framework of micro-enterprise and the optimized behavior of job seekers, this paper examines the relations between export trade of industrial enterprises and female labor employment levels in China during 2005–2007. The results indicate that: (1) the number and ration of female employees are increasing with the size and growth of the enterprise export, regardless of enterprise exports continuity. It demonstrates that export expansion does play a critical role in mitigating gender discrimination in employment. (2) For the enterprise with higher export continuity, there is a significant effect toward improving the number and proportion of female employees, conversely the worse effect. Thus, it is significantly meaningful to mitigate gender discrimination in employment by ensuring the continued export capacity of enterprises. (3) Comparing to the promoting effect of growth in the number of female employees, export has limit effect up on increasing the proportion of female employees. Therefore, it is rather difficult to resolve the issue of gender discrimination in employment by relying completely on exports expansion. Based on research findings, this paper discusses the policy implications in terms of easing gender discrimination in employment and promoting employment equity.

      PubDate: 2016-12-12T08:52:37Z
  • Global slack and open economy Phillips curves – A province-level
           view from China
    • Abstract: Publication date: Available online 2 December 2016
      Source:China Economic Review
      Author(s): Changsheng Chen, Eric Girardin, Aaron Mehrotra
      The “global slack hypothesis” implies that greater integration of the world economy, i.e. globalisation, should have made inflation more responsive to global than domestic economic slack. Many previous studies have accordingly estimated national inflation equations with measures of global output gaps. We use three and a half decades of subnational data from China's provinces to test the global slack hypothesis. Using tests for non-nested regressions, for many provinces we can reject a Phillips curve with a province-level measure of economic slack against a model with China's national output gap, which is consistent with the hypothesis. We also show that the real exchange rate matters for inflation dynamics in many Chinese provinces, in particular those most open to international trade. In addition to supporting the global slack hypothesis, our results emphasise the importance of cross-border factors for China's inflation developments.

      PubDate: 2016-12-05T08:18:32Z
  • Utility model patent regime “strength” and technological development:
           Experiences of China and other East Asian latecomers
    • Abstract: Publication date: Available online 27 November 2016
      Source:China Economic Review
      Author(s): Dan Prud'homme
      This paper analyzes how strategic calibration of utility model patent regimes – which provide a type of patent right that is distinct from invention patents and is far less studied in the literature – over time is intended to facilitate technological development. To do this, the paper develops what appear to be the first indexes of utility model regime “strength” (divided into “strictness” and “appropriability” indexes), which it tabulates for mainland China, Japan, South Korea, and Taiwan per every year from the time of inception of their laws governing utility models (the first of which was in 1905) till 2016. It then analyzes these indexes via fixed effects regressions and case studies. The results show that East Asian latecomers instituted utility model regimes that were less strict and offered less appropriability during earlier stages of economic catch-up, likely in order to facilitate technological learning. Subsequently, the strictness of the regimes was increased as knowledge accumulation and technological capabilities increased and, in mainland China's case especially, as patent quality problems were experienced. It is also found that increasing the strictness of utility model regimes may reduce patenting in the short-term, but not the long-term. Six propositions are formulated, including the overall conclusion that successful latecomers seem to have pursued a dynamic catch-up strategy of transitioning from imitative to more sophisticated technological development by increasing both the strictness and appropriability-strength of their utility model regimes in conjunction with increasing knowledge accumulation and, possibly, technological capabilities. It is suggested that mainland China might benefit from further increasing the strictness of its utility model regime in the future.

      PubDate: 2016-11-28T01:33:49Z
  • Inequality in China revisited. The effect of functional distribution of
           income on urban top incomes, the urban-rural gap and the Gini index,
    • Abstract: Publication date: Available online 25 November 2016
      Source:China Economic Review
      Author(s): Ricardo Molero-Simarro
      Most analyses explain the increase in China's overall inequality during the reform period principally by means of the expansion of urban-rural income gap. This paper tries to state a relationship between functional distribution of income and China's Gini index. After presenting the main theoretical contributions that clarify the general relationship among those variables, we describe the mechanism that has connected them during the last decades in the Chinese economy. There exists a link between falling wage share, rising urban households' top incomes, urban-rural income gap and the Gini coefficient. These relationships are analysed for both the pre and post-crisis periods. After estimating the main relationships, the paper ends with a discussion on the ability of potential redistributive policies to reverse this pattern of inequality.

      PubDate: 2016-11-28T01:33:49Z
  • Does religion matter to corruption? Evidence from China
    • Abstract: Publication date: Available online 24 November 2016
      Source:China Economic Review
      Author(s): Xixiong Xu, Yaoqin Li, Xing Liu, Weiyu Gan
      There is a growing interest in understanding how religion affects corruption. Using provincial-level panel data from 1998 to 2009, this paper investigates the effect of religious beliefs on bureaucratic corruption in China. The empirical results show that, bureaucratic corruption is negatively associated with local religious heritage, implying that religious culture plays a positive role in restraining official's corruption since religion has influence on political preference and work ethic. We also find that the negative association between religion and corruption is weaker in provinces with stronger law enforcement, which identifies the substitution effect between religious ethic and legal supervision in curbing corruption. Our findings also reveal that, among the different religions, the anti-corruption effects of China's native religions (i.e., Taoism and Buddhism) are more significant than those of foreign religions (i.e., Christianity and Islam). These conclusions are consistent and robust to various measures of main variables and a variety of robustness checks. Given the very few studies and limited data resources in the context of China, this paper as a tentative study provides new evidences of the relationship between religion and corruption.

      PubDate: 2016-11-28T01:33:49Z
  • Mercantilism and China’s hunger for international reserves
    • Abstract: Publication date: Available online 19 November 2016
      Source:China Economic Review
      Author(s): Marcel Schröder
      This paper is motivated by the popular view that the surge in China’s foreign exchange reserves is due to a distortionary exchange rate policy aimed at keeping the real exchange rate undervalued to support export-led growth. It undertakes an in-depth empirical investigation to quantify how much “mercantilist” and “precautionary” motives have contributed to the reserve build-up in China during 1998Q4-2011Q4. A substantial problem is that theory is consistent with employing two vastly differing approaches to defining and estimating the role of mercantilist reserve accumulation. A priori, either method could generate misleading results. The study shows, however, that the distinction between the two approaches is immaterial in China’s case. The results suggest that mercantilism accounts for less than 10 percent of reserve accumulation. Precautionary motives and other factors seem to be the dominant determinants of the surge in China’s international reserves.

      PubDate: 2016-11-20T23:47:21Z
  • The knowledge spillover effects of FDI on the productivityand efficiency
           of research activities in China
    • Abstract: Publication date: Available online 5 November 2016
      Source:China Economic Review
      Author(s): Lin Zhang
      As China is moving toward an innovation-driven economy, this paper offers new insights for both policymakers and investors to optimize the effectiveness of investment performance. This paper studies China's provincial research activities with a focus on the spillover-induced productivity and efficiency change. The results show that spillovers as a result of inflow of foreign investment contribute positively to the performance of overall research activities, however, the productivity effects vary across regions. Our analysis also indicates that highly skewed distribution of FDI leads to a less improved innovation efficiency in FDI-rich provinces. Future innovation policy should adjust the investment profiles based on the preferential innovation output on one hand, and optimize the complementary policy for FDI on the other hand to reduce inefficiency and the potential negative effects of knowledge spillovers. Inter-provincial governmental cooperation is necessary to resolve the uneven distribution of FDI and improve the innovation efficiency in both FDI-poor and rich regions.

      PubDate: 2016-11-06T22:33:21Z
  • Domestic railroad infrastructure and exports: Evidence from the silk route
    • Authors: Hangtian
      Abstract: Publication date: Available online 22 September 2016
      Source:China Economic Review
      Author(s): Hangtian Xu
      By exploiting a quasi-experiment affecting only non-monetary transport cost, this study tests the impact of an exogenous railroad speed enhancement and capacity expansion project (RSCP) on China's exports to Central Asia. The Longhai and Lanxin lines in China, linking the East and the West, were upgraded on October 21, 2000, improving freight efficiency between Eastern China and Xinjiang, the gateway from China to Central Asia. By employing a transaction-level export database, empirical results find that exports freighted on the upgraded rail lines increased in value by approximately 30%, compared with other freight modes. The results are robust by excluding specific observations with respect to the demand fluctuations and macroeconomic shocks, and including additional controls. The intensive margin, but not the extensive margin, played a major role in explaining the impact of railroad upgrades on exports. In addition, the project caused spatial reorganization in exporting activities. The share of Xinjiang exporters in the Central Asia market shrank, while Xinjiang's exports to other international markets expanded through better accessibility to the coast.

      PubDate: 2016-09-26T16:30:09Z
  • Off-farm employment and agricultural specialization in China
    • Authors: Xiaobing Wang; Jikun Huang; Scott Rozelle
      Abstract: Publication date: Available online 13 September 2016
      Source:China Economic Review
      Author(s): Xiaobing Wang, Jikun Huang, Scott Rozelle
      While it is well known that China's off farm labor market is emerging rapidly, less is known about the effect of movement off the farm on the farming practices of those that have continued to farm. The overall goal of this paper is to analyze the effects of changes in China's off farm employment on one aspect of the performance of China's agricultural sector: the emergence of specialization in farming. To achieve this goal, we have three specific objectives. First, we document the changes in the flow of labor out of China's villages. Second, we examine how specialization in farming has changed over time. Third, we examine the association between off farm labor flows and specialization. Using panel data from a national representative data collected by the authors between 1999 and 2008, the analysis finds that off farm employment is indeed rising rapidly. At the same time, specialization is occurring off and on the farm. There is a strong and robust correlation between off farm employment and on farm specialization. The results imply that China's agriculture has responded dynamically to the modernization happening elsewhere in the economy.

      PubDate: 2016-09-21T16:12:06Z
      DOI: 10.1016/j.chieco.2016.09.004
  • R&D subsidies and business R&D: Evidence from high-tech
           manufacturing firms in Jiangsu
    • Authors: Xiaolu Liu; Xiaoyu Honglin
      Abstract: Publication date: Available online 12 August 2016
      Source:China Economic Review
      Author(s): Xiaolu Liu, Xiaoyu Li, Honglin Li
      We investigate how R&D subsidies affect business R&D investments using cross-section data of high-tech manufacturing firms in Jiangsu province of China. Our estimations based on propensity score matching suggest that public subsidies positively influence business R&D investments. Further classifying firms into different groups by size, financial constraints, and ownership, we find that the stimulation effect is more significant and stronger for smaller firms, more financially constrained firms, and private-owned firms. The heterogeneity of policy effects with respect to export status, Relative Comparative Advantage index, region, and industry are also discussed.

      PubDate: 2016-08-13T17:33:19Z
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