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BUSINESS AND ECONOMICS (1193 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: 10)
Abacus     Hybrid Journal   (Followers: 13)
Accounting Forum     Hybrid Journal   (Followers: 25)
Acta Amazonica     Open Access   (Followers: 5)
Acta Commercii     Open Access   (Followers: 4)
Acta Oeconomica     Full-text available via subscription   (Followers: 2)
Acta Scientiarum. Human and Social Sciences     Open Access   (Followers: 8)
Acta Universitatis Danubius. Œconomica     Open Access   (Followers: 3)
Acta Universitatis Nicolai Copernici Zarządzanie     Open Access   (Followers: 4)
AD-minister     Open Access   (Followers: 3)
Admisi dan Bisnis     Open Access  
ADR Bulletin     Open Access   (Followers: 5)
Advances in Developing Human Resources     Hybrid Journal   (Followers: 23)
Advances in Economics and Business     Open Access   (Followers: 13)
AfricaGrowth Agenda     Full-text available via subscription   (Followers: 1)
African Affairs     Hybrid Journal   (Followers: 65)
African Development Review     Hybrid Journal   (Followers: 36)
African Journal of Business and Economic Research     Full-text available via subscription   (Followers: 3)
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: 10)
Akademika : Journal of Southeast Asia Social Sciences and Humanities     Open Access   (Followers: 7)
Alphanumeric Journal : The Journal of Operations Research, Statistics, Econometrics and Management Information Systems     Open Access   (Followers: 5)
American Economic Journal : Applied Economics     Full-text available via subscription   (Followers: 172)
American Enterprise Institute     Free  
American Journal of Business     Hybrid Journal   (Followers: 17)
American Journal of Business and Management     Open Access   (Followers: 53)
American Journal of Business Education     Open Access   (Followers: 12)
American Journal of Economics and Business Administration     Open Access   (Followers: 26)
American Journal of Economics and Sociology     Hybrid Journal   (Followers: 30)
American Journal of Evaluation     Hybrid Journal   (Followers: 14)
American Journal of Finance and Accounting     Hybrid Journal   (Followers: 21)
American Journal of Health Economics     Full-text available via subscription   (Followers: 13)
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: 27)
ANALES de la Universidad Central del Ecuador     Open Access   (Followers: 3)
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: 29)
Annals of Operations Research     Hybrid Journal   (Followers: 10)
Annual Review of Economics     Full-text available via subscription   (Followers: 32)
Anuario Facultad de Ciencias Económicas y Empresariales     Open Access   (Followers: 2)
Applied Developmental Science     Hybrid Journal   (Followers: 3)
Applied Economics     Hybrid Journal   (Followers: 42)
Applied Economics Letters     Hybrid Journal   (Followers: 29)
Applied Economics Quarterly     Full-text available via subscription   (Followers: 9)
Applied Financial Economics     Hybrid Journal   (Followers: 25)
Applied Mathematical Finance     Hybrid Journal   (Followers: 8)
Applied Stochastic Models in Business and Industry     Hybrid Journal   (Followers: 6)
Arab Economic and Business Journal     Open Access   (Followers: 4)
Archives of Business Research     Open Access   (Followers: 6)
Arena Journal     Full-text available via subscription   (Followers: 1)
Argomenti. Rivista di economia, cultura e ricerca sociale     Open Access   (Followers: 4)
ASEAN Economic Bulletin     Full-text available via subscription   (Followers: 5)
Asia Pacific Business Review     Hybrid Journal   (Followers: 7)
Asia Pacific Journal of Human Resources     Hybrid Journal   (Followers: 321)
Asia Pacific Viewpoint     Hybrid Journal   (Followers: 1)
Asia-Pacific Journal of Business Administration     Hybrid Journal   (Followers: 5)
Asia-Pacific Journal of Operational Research     Hybrid Journal   (Followers: 3)
Asia-Pacific Management and Business Application     Open Access   (Followers: 1)
Asian Business Review     Open Access   (Followers: 3)
Asian Case Research Journal     Hybrid Journal   (Followers: 1)
Asian Development Review     Open Access   (Followers: 13)
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: 3)
Asian Journal of Business Ethics     Hybrid Journal   (Followers: 9)
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)
ATA Journal of Legal Tax Research     Full-text available via subscription   (Followers: 4)
Atlantic Economic Journal     Hybrid Journal   (Followers: 11)
Australasian Journal of Regional Studies, The     Full-text available via subscription   (Followers: 1)
Australian Cottongrower, The     Full-text available via subscription   (Followers: 1)
Australian Economic Papers     Hybrid Journal   (Followers: 32)
Australian Economic Review     Hybrid Journal   (Followers: 3)
Australian Journal of Maritime and Ocean Affairs     Hybrid Journal   (Followers: 9)
Balkan Region Conference on Engineering and Business Education     Open Access   (Followers: 1)
Baltic Journal of Real Estate Economics and Construction Management     Open Access   (Followers: 2)
Banks in Insurance Report     Hybrid Journal   (Followers: 1)
BBR - Brazilian Business Review     Open Access   (Followers: 4)
Benchmarking : An International Journal     Hybrid Journal   (Followers: 10)
Benefit : Jurnal Manajemen dan Bisnis     Open Access   (Followers: 1)
BER : Consumer Confidence Survey     Full-text available via subscription   (Followers: 3)
BER : Economic Prospects : An Executive Summary     Full-text available via subscription  
BER : Economic Prospects : Full Survey     Full-text available via subscription   (Followers: 1)
BER : Intermediate Goods Industries Survey     Full-text available via subscription  
BER : Manufacturing Survey : Full Survey     Full-text available via subscription   (Followers: 1)
BER : Motor Trade Survey     Full-text available via subscription  
BER : Retail Sector Survey     Full-text available via subscription   (Followers: 1)
BER : Retail Survey : Full Survey     Full-text available via subscription   (Followers: 1)
BER : Survey of Business Conditions in Building and Construction : An Executive Summary     Full-text available via subscription   (Followers: 3)
BER : Survey of Business Conditions in Manufacturing : An Executive Summary     Full-text available via subscription   (Followers: 2)
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: 1)
BER : Wholesale Sector Survey     Full-text available via subscription  
Berkeley Business Law Journal     Free   (Followers: 9)
Bio-based and Applied Economics     Open Access   (Followers: 1)
Biodegradation     Hybrid Journal   (Followers: 1)
Biology Direct     Open Access   (Followers: 7)
BizInfo (Blace) Journal of Economics, Management and Informatics     Open Access  
Black Enterprise     Full-text available via subscription  
Board & Administrator for Administrators only     Hybrid Journal  
Boletim Técnico do Senac     Open Access  
Border Crossing : Transnational Working Papers     Open Access   (Followers: 4)
Briefings in Real Estate Finance     Hybrid Journal   (Followers: 5)
British Journal of Industrial Relations     Hybrid Journal   (Followers: 36)
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: 17)
Bulletin of Geography. Socio-economic Series     Open Access   (Followers: 5)
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: 19)
Business & Information Systems Engineering     Hybrid Journal   (Followers: 4)
Business & Society     Hybrid Journal   (Followers: 10)
Business : Theory and Practice / Verslas : Teorija ir Praktika     Open Access   (Followers: 1)
Business and Economic Research     Open Access   (Followers: 7)
Business and Management Horizons     Open Access   (Followers: 12)
Business and Management Research     Open Access   (Followers: 18)
Business and Management Studies     Open Access   (Followers: 11)
Business and Politics     Hybrid Journal   (Followers: 8)
Business and Professional Communication Quarterly     Hybrid Journal   (Followers: 7)
Business and Society Review     Hybrid Journal   (Followers: 5)
Business Economics     Hybrid Journal   (Followers: 9)
Business Ethics Quarterly     Full-text available via subscription   (Followers: 13)
Business Ethics: A European Review     Hybrid Journal   (Followers: 18)
Business Horizons     Hybrid Journal   (Followers: 8)
Business Information Review     Hybrid Journal   (Followers: 14)
Business Management and Strategy     Open Access   (Followers: 41)
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: 17)
Business, Peace and Sustainable Development     Full-text available via subscription   (Followers: 3)
Bustan     Hybrid Journal  
Cadernos EBAPE.BR     Open Access   (Followers: 1)
Cambridge Journal of Economics     Hybrid Journal   (Followers: 61)
Cambridge Journal of Regions, Economy and Society     Hybrid Journal   (Followers: 10)
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: 29)
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: 17)
Case Studies in Business and Management     Open Access   (Followers: 10)
CBU International Conference Proceedings     Open Access   (Followers: 3)
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: 17)
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: 19)
China Economic Journal: The Official Journal of the China Center for Economic Research (CCER) at Peking University     Hybrid Journal   (Followers: 13)
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: 12)
Chinese Economy     Full-text available via subscription  
Ciência & Saúde Coletiva     Open Access   (Followers: 2)
CLIO América     Open Access   (Followers: 1)
Cliometrica     Hybrid Journal   (Followers: 4)
COEPTUM     Open Access  
Community Development Journal     Hybrid Journal   (Followers: 27)
Compensation & Benefits Review     Hybrid Journal   (Followers: 7)
Competition & Change     Hybrid Journal   (Followers: 11)
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 Review     Hybrid Journal   (Followers: 17)
Computers & Operations Research     Hybrid Journal   (Followers: 12)
Construction Innovation: Information, Process, Management     Hybrid Journal   (Followers: 14)
Contemporary Wales     Full-text available via subscription   (Followers: 1)
Contextus - Revista Contemporânea de Economia e Gestão     Open Access   (Followers: 1)
Contributions to Political Economy     Hybrid Journal   (Followers: 5)
Corporate Communications An International Journal     Hybrid Journal   (Followers: 7)
Corporate Philanthropy Report     Hybrid Journal   (Followers: 2)
Corporate Reputation Review     Hybrid Journal   (Followers: 5)
Creative and Knowledge Society     Open Access   (Followers: 9)
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: 5)
Cuadernos de Administración (Universidad del Valle)     Open Access   (Followers: 2)
Cuadernos de Economía     Open Access   (Followers: 2)
Cuadernos de Economia - Latin American Journal of Economics     Open Access   (Followers: 2)
Cuadernos de Estudios Empresariales     Open Access   (Followers: 2)
Current Opinion in Creativity, Innovation and Entrepreneurship     Open Access   (Followers: 12)

        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  [3177 journals]
  • Education and welfare program compliance: Firm-level evidence from a
           pension reform in China
    • Authors: Zhigang Li; Mingqin Wu
      Pages: 1 - 13
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Zhigang Li, Mingqin Wu
      This study examines how firms with heterogeneous human capital quality respond differently to a welfare policy shock. In 2002, China expanded pension mandates from state-owned enterprises (SOEs) to private enterprises. Based on data covering all median and large manufacturers in China (around 250,000 firms), we find that their compliance rates varied widely across firms and increased in the average education level of employees. Utilizing these heterogeneous responses at the firm level, we estimate that the pension reform might have increased the return to education of employees by 8.75%. To address endogeneity in firms' human capital levels, we exploit the historical scale of local university as an instrumental variable. Moreover, we use SOEs as a control group, which was not directly affected by the policy shock. We find our empirical estimates robust to both measures.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2017.08.014
      Issue No: Vol. 48 (2018)
  • Do siblings take your food away' Using China's one-child policy to
           test for child quantity-quality trade-offs
    • Authors: Yun Liang; John Gibson
      Pages: 14 - 26
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Yun Liang, John Gibson
      We test for the existence of a trade-off between child quantity and child quality in Chinese families. We use changes over time and space in the local stringency of the one-child policy as a source of exogenous variation in family size. Investment in child quality is measured by intake of three nutrients, using seven waves of data from the China Health and Nutrition Survey. For all three nutrients a quantity-quality trade-off is apparent, which persists for fats if child-specific effects are introduced. The trade-off would be less apparent if exogenous sources of variation in family size were ignored.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2017.10.006
      Issue No: Vol. 48 (2018)
  • US and China aid to Africa: Impact on the donor-recipient trade relations
    • Authors: Ailan Liu; Bo Tang
      Pages: 46 - 65
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Ailan Liu, Bo Tang
      This paper investigates the impact of the US and China's foreign aids to Africa on trade flows between donor and recipient countries. Evidence from the gravity model estimates reveals that the two donors' exports are strengthened by their aids to African partners. Interestingly, China's aid shows a positive effect on its total volume of trade and imports from Africa, while the aid from the US exhibits little impact on the US-Africa total trade and its imports from Africa. A possible explanation for such a difference could be due to the dissimilar national interests of donors in Africa. This study finally suggests that African countries should accelerate the pace of advancing domestic economies and rely less on foreign assistance, in order to establish a fairer and more equal international economic order.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2017.10.008
      Issue No: Vol. 48 (2018)
  • Impact of European food safety border inspections on agri-food exports:
           Evidence from Chinese firms
    • Authors: Matthias Beestermöller; Anne-Célia Disdier; Lionel Fontagné
      Pages: 66 - 82
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Matthias Beestermöller, Anne-Célia Disdier, Lionel Fontagné
      The cost of complying with a sanitary standard is certain. However, such measure introduces uncertainty for exporters in relation to border rejections. Shipments may fail to pass inspections and may be refused entry into the importing country. This risk is shaped by variance in the quality of the exported product, and the stringency of the border controls. We examine how the risk of rejection at European borders on safety grounds is affecting Chinese agri-food exporters. We combine information from the European Rapid Alert System for Food and Feed with Chinese firm-level export data by product, destination and year for the period 2000–2011. Information externalities and reputation effects are important. Border rejections amplify the turnover among firms at the extensive margin of trade. This risk is curbing small exporters and resulting in a concentration of Chinese exports among big exporters.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2017.11.004
      Issue No: Vol. 48 (2018)
  • Subjective well-being in China, 2005–2010: The role of relative
           income, gender, and location
    • Authors: M. Niaz Asadullah; Saizi Xiao; Emile Yeoh
      Pages: 83 - 101
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): M. Niaz Asadullah, Saizi Xiao, Emile Yeoh
      We use data from two rounds of the Chinese General Social Survey (CGSS) to study the determinants of subjective well-being in China over the period 2005–2010 during which self-reported happiness scores show an increase across all income groups. Ordered probit regression analysis of well-being reveals large influence of gender, rural residency, and household income. After controlling for demographic attributes, health status, unemployment status, number of children, agricultural hukou (household registration identity) and educational attainment, household assets, the influence of past and future income, and province dummies, we find that women, urban residents, and people with higher income are happier in China. More schooling, better health, and being employed are positively and significantly correlated with well-being. Sub-sample analysis reveals that the rich only care about relative income whereas the effect of absolute income dominates in case of the poorer section. The influence of absolute income is larger among women compared to men and in turn explains why women, despite being poorer, are happier in China, conditional on socioeconomic differences. On the other hand, rural residents are poorer than urban residents so that conditional on having the same income, there is no rural–urban happiness gap. Our results suggest that while further decline in poverty will enhance well-being in China, policies that reduce rural–urban and gender inequalities are also likely to boost well-being.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2015.12.010
      Issue No: Vol. 48 (2018)
  • Biased data revisions: Unintended consequences of China's energy-saving
    • Authors: Ben Ma; Xinye Zheng
      Pages: 102 - 113
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Ben Ma, Xinye Zheng
      In China energy-saving mandates issued by the central government can trigger a trade-off between faithful implementation and kinds of strategic responses at the local level. This paper examines the biased data revision pattern of Chinese provinces under incentives created by energy-saving mandates. The data revisions conducted by provinces in the treatment group are evaluated against those carried out by their counterparts in the control group. Empirical evidence is provided that some provinces in the treatment group conducted biased data revisions by taking advantage of benchmark revisions of historical data following the 2008 Economic Census. These provinces adjusted their base-year energy consumption figure upward in seeking to reach the 2010 energy intensity reduction targets numerically. In institutional terms, strong political incentives are formed by assigning energy-saving indicators a veto power in cadre performance assessment. In a self-reported statistical regime, checks and balances are particularly weak regarding benchmark revisions of historical data. The findings of this paper suggest that the data quality of associated official statistics at the local level is undermined by energy-saving mandates. To improve the data quality of the official statistics, new checks and balances should be installed for local statistics.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2016.08.004
      Issue No: Vol. 48 (2018)
  • Convergence and transitional dynamics of China's industrial output: A
           county-level study using a new framework of distribution dynamics analysis
    • Authors: Tsun Se Cheong; Yanrui Wu
      Pages: 125 - 138
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Tsun Se Cheong, Yanrui Wu
      Many scholars have argued that the huge increase in regional inequality in China can be attributed greatly to the disparity in industrialization. This paper contributes to the literature by providing empirical evidence on the transitional dynamics of industrial output by employing a new framework of distribution dynamics analysis, namely, the mobility probability plot (MPP), and a county-level database made up of counties and county-level cities. The new framework can address several inadequacies of the traditional display tools used in the distribution dynamics literature. Stochastic kernel analyses are performed for the nation, the economic zones, and the provinces individually so as to provide an in-depth understanding of the evolution and convergence of industrial output. This study fills the gap in the literature and provides information on mobility of the county-level units, which can greatly aid the policy making process.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2015.11.012
      Issue No: Vol. 48 (2018)
  • The regional effects of macroeconomic shocks in China
    • Authors: Anping Chen; Nicolaas Groenewold
      Pages: 139 - 154
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Anping Chen, Nicolaas Groenewold
      The extent and persistence of the inequality of regional output is an important policy issue in China and its sources have been the subject of considerable empirical research. Yet we have relatively little empirical knowledge of the effects on the regional distribution of output of shocks to national macroeconomic variables such as GDP and investment. This is an important gap in the empirical literature since much government macroeconomic policy seeks to influence GDP using instruments such as investment expenditure. It is likely that such national shocks will have differential regional impacts and so affect the regional output distribution. Policy-makers need to know the sign, size and timing of such effects before making policy decisions at the national level. We simulate the effects of aggregate shocks on individual provinces' GDP within the framework of a vector autoregressive (VAR) model restricted in a manner following Lastrapes (Economics Letters, 2005). We use annual data from 1980 to 2012 to estimate the model which includes 28 of China's provinces and simulate the effects on provincial outputs of shocks to aggregate output and investment. We find great diversity of effects across the provinces with discernible geographic patterns. There is evidence that output shocks benefit coastal provinces with developed industrial structure, export-exposure and less reliance on SOEs; the opposite is found for the effects of an investment shock and we conjecture that this is likely to have been the result of the strong bias in central government investment policy in favour of the interior provinces during a substantial part of our sample period.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2015.12.003
      Issue No: Vol. 48 (2018)
  • Rethinking industrial policy from the perspective of new structural
    • Authors: Justin Yifu Lin; Jiajun Xu
      Pages: 155 - 157
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Justin Yifu Lin, Jiajun Xu

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2017.11.009
      Issue No: Vol. 48 (2018)
  • Commute time and subjective well-being in urban China
    • Authors: Peng Nie; Alfonso Sousa-Poza
      Pages: 188 - 204
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Peng Nie, Alfonso Sousa-Poza
      Using data from the 2010 China Family Panel Studies, this study investigates the association between commute time and subjective well-being in a sample of 16- to 65-year-old employees in urban China. We find evidence that a longer commute time is associated with lower levels of both life satisfaction and happiness, especially when the commute times are extreme (≥1 hour per day). A multiple mediation analysis further indicates that the relation between commute time and happiness is partially mediated by the time spent on daily activities, particularly sleep. We also calculate the amount of income necessary to compensate an employee's loss in well-being at approximately 82 yuan per hour of commute time, implying that in urban China the annual loss of well-being amounts to around 10 billion yuan.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2016.03.002
      Issue No: Vol. 48 (2018)
  • Fundamentals and the volatility of real estate prices in China: A
           sequential modelling strategy
    • Authors: Yongheng Deng; Eric Girardin; Roselyne Joyeux
      Pages: 205 - 222
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Yongheng Deng, Eric Girardin, Roselyne Joyeux
      In a similar way to the stock market, the housing market in China has often been portrayed as highly speculative, giving rise to “bubble” concerns. Over the last decade, residential prices increased every year on average by double digits in Beijing or Shanghai. However many observers and researchers argue that fundamentals of the housing sector, both sector-specific and macroeconomic, may have been the driving force behind housing price volatility. While existing empirical work exclusively relies on the government housing prices which may suffer from the well-documented downward bias, this paper uses original high frequency unit price as well as transaction series for the residential resale housing markets of Beijing and Shanghai between January 2005 and December 2010 to test alternative hypotheses about housing prices volatility. We propose a sequential strategy in five steps integrating several techniques previously developed in a piecemeal and scattered way. First, we construct daily hedonic prices. Second, in order to search for the possible presence of bubbles on such high-frequency data, we propose using recently developed tests of an explosive root as an alternative to the unit root hypothesis. The third step is generated by the necessity of handling microstructure noise present at a daily frequency, thus filtering the raw data to extract a random walk component. The fourth step extracts a slowly changing monthly volatility component from the filtered daily hedonic real estate data. Finally, in so far as the presence of bubbles does not seem to characterize the residential housing market in major Chinese cities, such as Beijing and Shanghai, in a fifth step we show that fundamentals are able to explain slowly changing volatility, as well as transaction volumes in these first‐tier cities.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2016.10.011
      Issue No: Vol. 48 (2018)
  • Economic diplomacy: The “one–China policy” effect on
    • Authors: Laurent Didier
      Pages: 223 - 243
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Laurent Didier
      Chinese foreign policy is mainly characterized by the Beijing consensus and the one-China principle in international relations. More precisely, the situation faced by Taiwan is a “core interest” in China's economic diplomacy strategy. We investigate whether the “one-China policy” (OCP) has had visible effects on bilateral trade flows. In other words, does the compliance of diplomatic commitments with China undermine Taiwanese trade and enhance China's trade position' Using a structural gravity model based on worldwide panel data for the period 1948–2012, we approximate the OCP through two dummy variables: the vote by countries of the UN resolution about China's recognition in 1971 and the existence of diplomatic ties with China. The first component of the OCP drastically increased on average in trade flows with China regardless of the vote of trading partners concerning this UN resolution as well as that for Taiwan. On average, results suggest that diplomatic relations with China improve bilateral trade flows for China, but a trade-deteriorating effect appears for Taiwan with certain ex-colonies. We also find that the effects of these economic diplomacy components confirm previous results reported for the period studied.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2016.11.003
      Issue No: Vol. 48 (2018)
  • What is China seeking from Africa' An analysis of the economic and
           political determinants of Chinese Outward Foreign Direct Investment based
           on Stochastic Frontier Models
    • Authors: Paulo Reis Mourao
      Pages: 258 - 268
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      Author(s): Paulo Reis Mourao
      Chinese investment in the African continent is rapidly spreading. Unlike the Maoist proselytism that defined past diplomatic relations between China and a few African countries, the current distribution of current Chinese Foreign Direct Investment has economic motivations. However, our study also found that Chinese investors are attracted to the political and institutional particularities of each African country. Using Stochastic Frontier Models, it has been concluded that dynamic national markets with a large population and significant forest area are the most preferred for the allocation of Chinese Foreign Direct Investment in 48 African countries between 2003 and 2010. According to our results, the efficiency of this allocation can be maximized by increased political stability and regulatory quality, with government effectiveness being an additional factor required for this efficiency.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2017.04.006
      Issue No: Vol. 48 (2018)
  • Women hold up half the sky' Gender identity and the wife's labor
           market performance in China
    • Authors: Bing Ye; Yucong Zhao
      Pages: 116 - 141
      Abstract: Publication date: February 2018
      Source:China Economic Review, Volume 47
      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: 2018-02-26T08:09:08Z
      DOI: 10.1016/j.chieco.2017.08.002
      Issue No: Vol. 47 (2018)
  • Where are the migrants from' Inter- vs. intra-provincial rural-urban
           migration in China
    • Authors: Yaqin Su; Petros Tesfazion; Zhong Zhao
      Pages: 142 - 155
      Abstract: Publication date: February 2018
      Source:China Economic Review, Volume 47
      Author(s): Yaqin Su, Petros Tesfazion, Zhong Zhao
      Using a representative sample of rural migrants in cities, this paper investigates where the migrants in urban China come from, paying close attention to intra-provincial vs. inter-provincial migrants, and examining the differences in their personal attributes. We find that migrants who have come from within the province differ significantly from those who have come from outside of the province. Using a nested logit model, we find that overall, higher wage differentials, larger population size, higher GDP per capita, and faster employment growth rate are the attributes of a city that attract rural-to-urban migrants. In addition, moving beyond one's home province has a strong deterrent effect on migration, analogous to the “border effect” identified in international migration studies. We also explore the role of culture, institutional barriers, and dialect in explaining such a pronounced “border effect”.

      PubDate: 2018-02-26T08:09:08Z
      DOI: 10.1016/j.chieco.2017.09.004
      Issue No: Vol. 47 (2018)
  • The spatial correlation network of capital flows in China: Evidence from
           China's High-Value Payment System
    • Authors: Xianhang Qian; Ying Wang; Guangli Zhang
      Abstract: Publication date: Available online 14 April 2018
      Source:China Economic Review
      Author(s): Xianhang Qian, Ying Wang, Guangli Zhang
      Using data from China's High-Value Payment System, this paper directly and precisely measures interregional capital flows in China and analyzes their spatial correlation. Using social network analysis methods, this study finds a spatial correlation network between interregional capital flows. The closeness of the network is strong and has a high stability. Different provinces exhibit different positions in the network. Beijing, Jiangsu, Shandong, Shanghai, and Zhejiang are at the relative core, while Qinghai, Xinjiang, Guangxi, Anhui, and Tibet are at the periphery. According to a block model, the eastern provinces belong to a bidirectional spillover block, the middle provinces are in a primary beneficial block, and the western provinces are in a net beneficial block. Based on a quadratic assignment procedure regression analysis, the paper concludes that geographical distance and differences in provinces' fixed asset investments, foreign direct investments, and marketization levels are important factors that impact the spatial correlation of capital flows. The conclusions of this paper are significant for the formulation of a regional coordinated strategy in China.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.04.005
  • Intended and Unintended Effects of Student Performance Measurement Reform
           in China
    • Authors: Yang Song
      Abstract: Publication date: Available online 10 April 2018
      Source:China Economic Review
      Author(s): Yang Song
      In the past few decades, the Chinese Ministry of Education has promoted “suzhi jiaoyu” (quality education) reforms. However, little is known about their impact. This paper evaluates an important component of the reforms that replaces using total scores with a letter grade system in high school admissions. I find that this change in student performance measurement achieved its intended goal of balancing learning across subjects but hindered high achievers with imbalanced performance. This paper also discusses how the measurement reform influenced the gender gap in achievements.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.04.002
  • Holding the market under the stimulus plan: Local government financing
           vehicles' land purchasing behavior in China
    • Authors: Zhonghua Huang; Xuejun Du
      Abstract: Publication date: Available online 10 April 2018
      Source:China Economic Review
      Author(s): Zhonghua Huang, Xuejun Du
      China's stimulus plan in 2009–2010 brought local government financing vehicles (LGFVs) and new types of land finance into the spotlight. This paper uses national parcel-level land transaction data to examine the causes and consequences of LGFVs' land purchasing behavior in China. We found that LGFVs overbid significantly in terms of land prices. We explore channels through which LGFVs bid high prices for land. The stimulus plan induced local government to increase debt and rely more on land-based mortgages and land leasing revenue. Fiscal pressure led to an increase in LGFVs bidding for land. We found that the stimulus plan changed local governments' control over land leasing and land finance. Local governments hold more of the land market and inflate land prices following implementation of the stimulus plan.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.04.004
  • Measuring substitution in China's monetary-assets demand system
    • Authors: Man Jin
      Abstract: Publication date: Available online 9 April 2018
      Source:China Economic Review
      Author(s): Man Jin
      This paper examines China's money demand using a Normalized Quadratic function in the search for global flexibility and the easing on degree of freedom. I impose the theoretical regularity conditions in the model that much of the previous literature ignores. I provide the robust estimates of the Morishima elasticities of substitution among currency, demand deposits and time deposits. I find that currency and demand deposits are elastic substitutes in use, while time deposits are inelastic substitutes with the former two. Time deposits are distant from a medium of exchange, and agents treat them as a saving asset, separable from the composite of currency and demand deposits. The results imply that the narrow money M1 is well-defined, while the broad money M2, which assumes perfect substitution of the component assets, is problematic. A monetary aggregate that internalizes the substitution effects should be adopted in China.

      PubDate: 2018-04-15T17:01:03Z
  • Living arrangements of the elderly: A new perspective from choice
           constraints in China
    • Authors: Ying Fan; Shuai Fang; Zan Yang
      Abstract: Publication date: Available online 8 April 2018
      Source:China Economic Review
      Author(s): Ying Fan, Shuai Fang, Zan Yang
      As the foundation of elderly care, living arrangements are closely connected with the physical and psychological well-being of the elderly and the social resources allocation. The objective of this study is to understand the constraints between the preferred and actual choices of elderly living arrangements in China. We first establish a standardized theoretical model and derive two hypotheses on choice constraints. Based on the CHARLS database, we empirically test the theoretical hypotheses based on multiple-step empirical tests. Our findings are as follows. 1) The correlation between elderly income and the likelihood of living with their children is nonlinear: when the elderly prefers to live apart, their higher absolute income provides a greater likelihood that they can do so, and when they prefer to live with their children, the relative income of the elderly and their children are important in the likelihood of living together. 2) The poorer the health status of the elderly, the greater likelihood that they live with their children, particularly if they have daughters. The results are robust after controlling for the potential endogeneity issue, the passive choice situation, and volatility in preference.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.04.001
  • Embracing globalization to promote industrialization: Insights from the
           development of Singapore's petrochemicals industry
    • Authors: Khuong
      Abstract: Publication date: April 2018
      Source:China Economic Review, Volume 48
      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: 2018-04-15T17:01:03Z
  • Renminbi exchange rate assessment and competitors' exports: New
    • Authors: Pei-Fen Chen; Jhih-Hong Zeng; Chien-Chiang Lee
      Abstract: Publication date: Available online 1 April 2018
      Source:China Economic Review
      Author(s): Pei-Fen Chen, Jhih-Hong Zeng, Chien-Chiang Lee
      The currency assessment of China's Renminbi (RMB) has attracted much attention due to its growing impacts and spillover effects toward the world economy. This paper examines the impacts of currency under- and overvaluation on China's exports and the spillover effects of these misalignments toward the exports of 9 Asian main economies. We argue that the exchange rate deviation from the long-run equilibrium value, rather than the exchange rate change, is the main force for global trade imbalances. We find consistent yet mild RMB undervaluation as well as overvaluation across time. Most of the Asian economies in our analyses are impacted by these RMB misalignments. Both bilateral and weighted average real exchange rates are applied to ensure the robustness of the model estimations. We also discuss the implications from a series of China's foreign exchange policy reform and industrial structure transformations on the empirical findings. Several policy implications and suggestions are made from the empirical findings.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.03.009
  • Political connections and antidumping investigations: Evidence from China
    • Authors: Hongyong Zhang
      Abstract: Publication date: Available online 27 March 2018
      Source:China Economic Review
      Author(s): Hongyong Zhang
      Do political connections affect antidumping (AD) investigations' To address this question, we use antidumping filings data combined with micro data on Chinese manufacturing firms for the period 1998–2007. The political connections of a firm are defined by whether it has state-owned capital or whether it is under the administration of central or provincial government. Estimating a probit model of AD filings at the firm level, we find that strong political connections significantly increase the likelihood of AD petitions and affirmative final dumping decisions. State-owned enterprises, firms affiliated with the central or provincial government, low productivity firms, and large firms tend to file AD investigations in China. The industry-level estimation results also confirm that the industries with a greater presence of state-owned enterprises are likely to apply for and receive trade protection from the Chinese government, controlling for import penetration, year, and industry fixed effects.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.03.001
  • Disentangling the effects of endogenous export and innovation on the
           performance of Chinese manufacturing firms
    • Authors: Xiaoyong Dai; Zao Sun; Hang Liu
      Abstract: Publication date: Available online 27 March 2018
      Source:China Economic Review
      Author(s): Xiaoyong Dai, Zao Sun, Hang Liu
      This paper disentangles the effects of export and innovation on firm-level markup and productivity. Based on a large sample of Chinese manufacturing firms, we explicitly account for firms' endogenous export and innovation decisions, and isolate their impacts on firms' future performance, using a propensity score matching approach with multiple treatments. The results indicate that starting to export alone negatively affects firm-level markup and productivity, while starting to innovate alone has a significant positive impact. There is a complementarity between export and innovation in improving firms' performance. The negative effect of starting to export alone on revenue productivity may reflect the decrease of price-cost markup, rather than a change in physical productivity. Our study contributes to explaining puzzling results of exporter performance for China. The results also suggest that firms should establish domestic market power through innovation before turning to export markets.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.03.007
  • Demand forces of technical change evidence from the Chinese manufacturing
    • Authors: Andreas Beerli; Franziska Weiss Fabrizio Zilibotti Josef
      Abstract: Publication date: Available online 26 March 2018
      Source:China Economic Review
      Author(s): Andreas Beerli, Franziska J. Weiss, Fabrizio Zilibotti, Josef Zweimüller
      This paper investigates the effect of domestic market size on innovation activities across different durable good industries in the Chinese manufacturing sector. We address the endogeneity of market size by an IV strategy, based on a measure of potential market size, which is driven only by changes in the Chinese income distribution. This measure is exogenous to changes in prices and qualities of durable goods and is a valid instrument for expected future market size. Our results indicate that an increase in market size by one percent leads to an increase in firm-specific total factor productivity by 0.46% and an increase in labor productivity by 0.50%. These findings are robust to controlling for export behavior of firms and supply side drivers of R&D.

      PubDate: 2018-04-15T17:01:03Z
  • Educational and nutritional consequences of education subsidy in rural
    • Authors: Yiru Wang
      Abstract: Publication date: Available online 16 March 2018
      Source:China Economic Review
      Author(s): Yiru Wang

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.03.004
  • The health costs of the industrial leap forward in China: Evidence from
           the sulfur dioxide emissions of coal-fired power stations
    • Authors: Shuo Chen; Yiran Li; Qin Yao
      Abstract: Publication date: Available online 3 February 2018
      Source:China Economic Review
      Author(s): Shuo Chen, Yiran Li, Qin Yao
      In this study, we attempt to empirically test the effects of air pollution on public health in China. Using three-stage least squares (3SLS) to solve the potential endogeneity problem in sulfur dioxide (SO2) emissions, we find that air pollution has significant negative effects on public health. Specifically, a 1% increase in SO2 emissions is found to lead to 0.067 and 0.004 more deaths per 100,000 population due to respiratory diseases and lung cancer, respectively. In terms of absolute magnitude, every one million ton increase in SO2 emissions results in 0.735 and 0.052 extra deaths due to respiratory diseases and lung cancer per 100,000 population, respectively. Moreover, SO2 emissions result in 230,000 extra deaths every year and the related economic costs over the study period amount to RMB 8.179 billion.

      PubDate: 2018-04-15T17:01:03Z
      DOI: 10.1016/j.chieco.2018.01.004
  • Regional disparity and convergence of electricity consumption in China: A
           distribution dynamics approach
    • Authors: Tsun Se Cheong; Victor Jing Li; Xunpeng Shi
      Abstract: Publication date: Available online 13 February 2018
      Source:China Economic Review
      Author(s): Tsun Se Cheong, Victor Jing Li, Xunpeng Shi
      One critical factor that affects China's achievement of its peak emission by 2030 is total electricity demand. The aim of this study is to examine regional disparity in electricity consumption in China. The analysis is based on a panel database which is compiled at the provincial level. A distributional dynamics approach is then employed to reveal the trend and movement of each province within the distributions in different regional groupings. The mobility probability plot (MPP) is also employed to provide detailed information on the probability of change in electricity consumption. The results demonstrate significant divergence presents across provinces, over time and within different regional groups. The results can pinpoint the transition mechanism within each region so that appropriate energy policy can be formulated to accommodate future demand in electricity for different regions in China. The results suggest that regional specific energy efficiency policy is needed.

      PubDate: 2018-02-26T08:09:08Z
      DOI: 10.1016/j.chieco.2018.02.003
  • Retirement and health: Evidence from China
    • Authors: Che Xin
      Abstract: Publication date: Available online 8 February 2018
      Source:China Economic Review
      Author(s): Yi Che, Xin Li
      One typical feature of China's pension system is that retirement is mandatory. By exploiting the exogenous change created by this mandatory retirement policy, we use the mandatory retirement age as an instrument for retirement status to examine the effect of retirement on individual health using data from the China Health and Nutrition Survey (CHNS). Our main finding is that the probability of “fair” or “poor” self-reported health among white-collar workers decreases by 34 percentage point after retirement. This result is generally robust to different model specifications, alternative measures of health, and different subsamples. In addition, we deliver evidence that increased health-related exercises and the cultivation of a better lifestyle are two possible channels through which retirement affects health.

      PubDate: 2018-02-26T08:09:08Z
  • The long-run effects of housing location on travel behavior: Evidence from
           China's housing reform
    • Authors: Joshua Linn; Zhongmin Wang; Lunyu Xie
      Abstract: Publication date: Available online 8 February 2018
      Source:China Economic Review
      Author(s): Joshua Linn, Zhongmin Wang, Lunyu Xie
      Many cities in developing countries are experiencing rapid urbanization along with deteriorating traffic congestion and air quality, so it is important to understand what affects travel demand in developing countries. In this paper, we study how housing location affects travel behavior in Beijing, a city in a developing country. We use subsidized housing as a source of variation for housing location—individuals in subsidized housing live much closer to the city center than individuals in the control group. We exploit a change in the eligibility for subsidized housing generated by China's housing reforms to address the potential endogeneity of subsidized housing. We find that subsidized housing substantially reduces distances traveled for commuting and discretionary trips and that subsidized individuals are less likely to drive but have similar rates of automobile ownership. The results suggest that housing location can have long-lasting effects on travel behavior and automobile use in a developing country. We discuss policy implications of these findings.

      PubDate: 2018-02-26T08:09:08Z
      DOI: 10.1016/j.chieco.2018.02.002
  • Is R&D cash flow sensitive' Evidence from Chinese industrial
    • Authors: Qian Weng
      Abstract: Publication date: February 2018
      Source:China Economic Review, Volume 47
      Author(s): Qian Weng, Måns Söderbom
      We hypothesize that research and development (R&D) is sensitive to cash flow fluctuations due to asymmetric information and agency problems in the credit market. We adopt a variant of the Q model for R&D investment using the value of the firm, physical capital and employment to capture firm fundamentals as proxies for investment opportunities. We add cash flow to this specification, and estimate the augmented model separately for R&D participation and spending decisions using data on Chinese industrial firms for the period 2001–2006. We find that R&D participation and spending are sensitive to cash flow fluctuations, conditional on firm fundamentals. We also find that the cash flow sensitivity of R&D varies across firms depending on ownership.

      PubDate: 2018-02-05T04:45:16Z
  • CESA-2014 Special Issue Introduction
    • Authors: Tony Fang
      Abstract: Publication date: Available online 1 February 2018
      Source:China Economic Review
      Author(s): Tony Fang

      PubDate: 2018-02-05T04:45:16Z
      DOI: 10.1016/j.chieco.2018.01.003
  • CERDI conference 2015: Editorial introduction
    • Authors: Renard
      Abstract: Publication date: Available online 29 December 2017
      Source:China Economic Review
      Author(s): Mary-Françoise Renard

      PubDate: 2018-02-05T04:45:16Z
  • Productivity, financial constraints and outward foreign direct investment:
           Firm-level evidence
    • Authors: Bing Yan; Yu Zhang; Yanzhi Shen; Jian Han
      Pages: 47 - 64
      Abstract: Publication date: February 2018
      Source:China Economic Review, Volume 47
      Author(s): Bing Yan, Yu Zhang, Yanzhi Shen, Jian Han
      This paper studies the relationship between the financial constraints and outward foreign direct investment (OFDI) of Chinese enterprises. First, we construct a theoretical model and develop a series of hypotheses to analyze how productivity and financial constraints influence firms' OFDI decisions. Then we construct a multivariate index to measure internal and external financial constraints. Using Chinese Industrial Enterprises Database as well as the Database of OFDI Firms in China, our empirical finds that both productivity and financial constraints have important impacts on firms' OFDI decisions. In addition, the marginal effect of the financial constraints increases as firms' productivity rises; an effect felt more to the private enterprises than state-owned enterprises. Empirical results also indicate that external financial constraints affect the firms' OFDI decisions more greatly than the internal financial constraints.

      PubDate: 2017-12-26T15:55:07Z
      DOI: 10.1016/j.chieco.2017.12.006
      Issue No: Vol. 47 (2017)
  • Housing and marital matching: A signaling perspective
    • Authors: Fang Chuanhao; Tian
      Abstract: Publication date: Available online 27 November 2017
      Source:China Economic Review
      Author(s): Li Fang, Chuanhao Tian
      This paper studies signaling behaviors in marital matching. As some of males' essential traits for marriage are hardly observable, a high-quality male is motivated to signal. This paper applies a modified Spence signaling model to the marriage market and tests the theoretical implications with survey data from rural China. We find that houses are primary signals in marriage markets in China, which explains both the high homeownership and the large housing sizes. We find 1) marriageable males are twice as much likely to build a house five years before marriage than five years after, while females do not behave the same way, 2) housing size is reflective of males' unobservable characteristics, especially in villages with high interest rates. Males with more social connections, higher income rank and greater wealth build larger houses. And 3) a ten-square-meter larger house reduces a male's probability of singlehood by 0.8% at the age of 30, and enables him to marry a wife 0.1cm taller.

      PubDate: 2017-12-12T21:20:56Z
  • Policy choice and economic growth under factional politics: Evidence from
           a Chinese Province
    • Authors: Daniel Zhang
      Abstract: Publication date: Available online 13 November 2017
      Source:China Economic Review
      Author(s): Daniel Z. Li, Qi Zhang
      This paper investigates how political elites make policy choices that have bearing on an authoritarian regime's economy, from the perspective of factional politics. A local leader makes policies primarily to secure his political survival, which is contingent on the support from either his higher-level patrons or his local grassroots constituents. Using a simple model, we show that a local politician with close factional ties to high-level patrons will invest more in sending loyalty signals to the latter to receive their protections, while a poorly-connected politician will make more effort to spur a broad-based economic growth that economically benefits his local constituents. Using a unique county level data on the factional politics of Zhejiang Province, China, we find that counties with weaker (closer) factional ties have lower (higher) tax burdens per capita, while spending more (less) on local public goods provision. The results are stable after various robustness tests.

      PubDate: 2017-11-16T14:34:43Z
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