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Article
Financial reforms and regional investment conflicts in China: A game-theoretic analysis
In the transition from a command to a market economy, macroeconomic stabilization poses a grave problem facing the reform governments. A distinct feature of China's economic fluctuations in the post-1979 perio...
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Article
Testing the Neoclassical Theory of Economic Growth: Evidence from Chinese Provinces
There has been renewed empirical work recently on testing the neoclassical model of economic growth using data on various groups of countries. But none of the cross-country regressions includes China, the larg...
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Article
Industrialisation and the Sustainability of China’s Agriculture*
The paper argues that the sustainable development of Chinese agriculture is constrained by the continuing adverse effects of the policy of industrialisation. This has resulted principally in an excessive loss ...
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Markets, Human Capital and Inequality: Evidence from Rural China
Beginning in the 1980s, almost all of the socialist countries replaced their planned economies with economic systems that relied heavily on market forces to determine the production and allocation of goods and...
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The Puzzle of Firm Performance in China: An Institutional Explanation
China has achieved phenomenal economic growth in an institutional environment that defies conventional economic rationales. Researchers offer different theories to explain this puzzle. But so far, due to the l...
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Article
Determinants of turnover intentions among Chinese off farm migrants
This study examines the determinants of turnover intentions of off farm migrant workers, using data collected from China’s Jiangsu Province. Turnover intention is posited to be a function of demographic/human ...
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The size of the SOE sector and macroeconomic performance: an empirical study based on Chinese provincial data
Using a neoclassical growth model augmented with human capital, we investigate the impact of the presence of state owned enterprises (SOEs) on macroeconomic performance in China, using provincial data from 199...
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The Evolution of Domestic Trade Flows When Foreign Trade Is Liberalized: Evidence from the Chinese Maritime Customs Service
Little is known about the interaction between domestic and international trade because of the paucity of data on domestic trade. The opening of international trade may change, for example, the extent of domest...
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Article
Accumulation of large foreign reserves in China: a behavioural perspective
The massive accumulation of foreign reserves by China has challenged the conventional thinking about prudent reserve management. This paper develops a behavioural model of optimal decision making under uncerta...
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Article
Open AccessAre International Fund Flows Related to Exchange Rate Dynamics?
Employing monthly data for 53 countries between 1996 and 2015, we investigate the relationship between international fund flows and exchange rate dynamics. We find strong co-movement between funds flows (as me...
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Article
Market Access, Labor Mobility, and the Wage Skill Premium: New Evidence from Chinese Cities
Labor market reforms in develo** economies have causes economic regions to open up, providing greater market access to businesses and leading to urban migration. This paper studies what happens to the wage s...
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High-technology employment growth in China: geographic disparities in economic structure and sectoral performance
This paper examines the geography of high-technology industry growth in China through the shift-share analysis of relevant employment data from 2004 to 2014. To overcome the shortcomings identified in previous...
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The impacts of executives’ political connections on interactions between firm’s mergers, acquisitions, and performance
This research examines the effects of executive political connections on corporate performance by comparing firms with mergers and acquisitions (M&As) and firms without M&A activities in the energy sector usin...
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The impacts of climate change on bank performance: What’s the mediating role of natural disasters?
This research estimates the effect of climate change on bank performance by considering the mediating role of natural disasters via unbalanced panel data from 2005 to 2018 in 127 countries. Moreover, this pape...
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The role of older workers in population aging–economic growth nexus: evidence from develo** countries
This study explored the relationship between population aging and economic growth in 74 develo** countries between 1990 and 2019, highlighting the vital role of older workers (as measured by labor force part...
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Does China’s green economic recovery generate a spatial convergence trend: an explanation using agglomeration effects and fiscal instruments
China’s urbanization process has entered a period of rapid development, and cities have become key to driving regional economic development. This paper uses data from 286 cities in China in the period 2005–201...
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Local governments’ environmental emphasis and corporate green innovation: evidence from China
To study the effect of green industrial policies comprehensively, this paper takes uses a sample of Chinese Shanghai and Shenzhen A-share listed companies from 2008 to 2019 to study the impact of local governm...
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Measuring the combining effects of financial stability and climate risk for green economic recovery
Climate change is the financially important primary green economic recovery source. In recent years, central banks and financial authorities have recommended shareholders and banking institutions assess climat...
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Article
Assessment of environmental tax and green bonds impacts on energy efficiency in the European Union
Owing to the increased greenhouse gas emissions and threat of environmental pollution, scholars have drawn attention to the issue of energy efficiency in recent decades. One of the main practical policies rela...
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Role of credit subsidies and financial intermediation in China and Japan: implications for green economic growth
The worldwide Paris accord climate objectives for the residential construction industry were mainly implemented into national law as CO2 emission reduction standards for specific years (80% reduction by 2035)....