China’s“common prosperity”policy is a multidimensional pursuit of social and economic progress aimed at full realization by 2050.A CHIEVING common prosperity–prosperity that is universally shared–has been a longs...China’s“common prosperity”policy is a multidimensional pursuit of social and economic progress aimed at full realization by 2050.A CHIEVING common prosperity–prosperity that is universally shared–has been a longstanding aspiration of the Chinese government.展开更多
This study analyzes the User Interface(UI)and User Experience(UX)of information systems that provide local government information.The systems analyzed are the Local Administrative Comprehensive Information Disclosure ...This study analyzes the User Interface(UI)and User Experience(UX)of information systems that provide local government information.The systems analyzed are the Local Administrative Comprehensive Information Disclosure System(Zheripan),the Integrated Local Financial Disclosure System(Qinching Online),and the Local Regulations Information System(12348 Zhejiang Legal Network).The Local Administrative Comprehensive Information Disclosure System offers public service and personnel information,while the Integrated Local Financial Disclosure System provides financial information,and the Local Regulations Information System offers legal information as its main content.The analysis framework utilized three elements:objective data,psychological factors,and heuristic evaluation.The results of the first objective data analysis show that approximately 70%of visits to Zheripan and Qinching Online are through search,and the time spent on the homepage is short.In contrast,about 70%of visits to the 12348 Zhejiang Legal Network are direct visits,with users browsing multiple pages with a clear purpose.In terms of data provision methods,Zheripan provides two types of data in three formats,Qinching Online offers 28 types of data in five formats,and 12348 Zhejiang Legal Network provides one type of information in a single format.The second psychological factor analysis found that all three websites had a number of menus suitable for short-term cognitive capacity.However,only one of the sites had a layout that considered the user’s eye movement.Finally,the heuristic evaluation revealed that most of the evaluation criteria were not met.While the design is relatively simple and follows standards,feedback for users,error prevention,and help options were lacking.Moreover,the user-specific usability was low,and the systems remained at the information-providing level.Based on these findings,both short-term and long-term improvement measures for creating an interactive system beyond simple information disclosure are proposed.展开更多
This study aims to analyze the challenges and implications of implementing the accrual basis in governmental accounting through a literature review approach.The method used is a systematic review of 15 scientific jour...This study aims to analyze the challenges and implications of implementing the accrual basis in governmental accounting through a literature review approach.The method used is a systematic review of 15 scientific journals,consisting of 10 national and 5 international journals published within the last five years(2019-2024).The findings reveal that the implementation of the accrual basis in Indonesia still faces several obstacles,particularly in terms of the competency of public officials,the limitations of integrated financial information systems,and inconsistencies between regulations and financial reporting practices.Nevertheless,the accrual basis has been found to improve the quality of financial information,enhance budgetary accountability,and support more efficient and transparent public financial governance.These findings are in line with practices in several countries that have successfully adopted accrual accounting in the public sector.This study recommends improving the capacity of human resources,strengthening financial information systems,and harmonizing inter-agency policies to ensure that the implementation of accrual-based accounting provides optimal benefits for public sector financial management.展开更多
The Sustainable Development Goals(SDGs)are crucial in tackling the sustainability challenges and emerging issues faced by humanity,with government attention being a significant factor in promoting their successful ach...The Sustainable Development Goals(SDGs)are crucial in tackling the sustainability challenges and emerging issues faced by humanity,with government attention being a significant factor in promoting their successful achievement.However,there is limited quantitative research systematically examining the impacts of government attention on SDGs progress.This study employs text analysis and a panel regression model to analyze the impacts of government attention intensity,text similarity,and tone on the achievement of SDGs,utilizing data extracted from China’s Government Work Reports spanning the decade from 2010 to 2020.The findings reveal that the Chinese government attention to the SDGs has generally increased over time.The heightened focus has notably bolstered the achievement of the SDGs,with the most significant impact observed post-2015.Government attention intensity was identified as the most impactful factor.Moreover,government attention intensity,text similarity,and tone have positively influenced the coupling coordination relationship between 17 SDGs,as measured by the coupling coordination degree,leading to a more harmonious and balanced achievement of socioeconomic and environmental goals in China.Financial investment served as a moderating factor,enhancing the positive impacts of attention intensity,text similarity and tone on the promotion of SDGs attainment.The effects of government attention on SDGs progress were notably positive in the eastern region,exhibiting greater significance in areas with stronger governance capacity compared to those with weaker governance capacity.This study provides insightful information for enhancing the modernization and efficiency of China’s national governance system,promoting SDGs at local and global scales,and fostering sustainable transformation.展开更多
Marx scientifically summarized the experience and lessons of the Paris Commune,deeply exposed the root causes of bourgeois corruption,and emphasized the purity and advancement of the construction of proletarian politi...Marx scientifically summarized the experience and lessons of the Paris Commune,deeply exposed the root causes of bourgeois corruption,and emphasized the purity and advancement of the construction of proletarian political parties and political power.The dictatorship of the proletariat puts forward the ideas of cheap government that eradicate corruption,realizes that the people are the masters of the country,implements democratic supervision of elections,simplifies the construction of institutions,lowers governance costs,and achieves higher efficiency.A deep understanding of the theoretical characteristics of Marx’s thoughts on integrity,democracy,and honor,and a profound clarification of the practical significance of Marx’s ideology on clean governance,combined with practical practice,will help promote the construction of a new system of anti-corruption and incorruption in our country,and will benefit our contemporary services.The construction of a type-oriented government system is conducive to deepening the construction of China’s national legal system.展开更多
Internal audit plays a strategic role in ensuring the reliability of government financial statements,which are essential tools for achieving public financial accountability and transparency.This study aims to analyze ...Internal audit plays a strategic role in ensuring the reliability of government financial statements,which are essential tools for achieving public financial accountability and transparency.This study aims to analyze the role of internal audit in improving the quality of government financial reporting using a literature review approach based on agency theory.The method employed is a systematic literature review of 12 scholarly articles(7 national and 5 international),as well as relevant books and official reports published within the last five years(2019-2024).The findings indicate that an effective and independent internal audit can reduce information asymmetry between the government(agent)and the public(principal),enhance compliance with Government Accounting Standards(SAP),and strengthen internal controls and financial governance.This study concludes that a competent internal audit function is a critical prerequisite for producing reliable,relevant,and accountable financial statements.The findings support agency theory and offer key recommendations for strengthening internal audit practices in the public sector.展开更多
Urban innovation is essential to strengthening national innovation capacity and technological capabilities,placing its sustained development at the heart of scholarly debate.This study explores the impact of productiv...Urban innovation is essential to strengthening national innovation capacity and technological capabilities,placing its sustained development at the heart of scholarly debate.This study explores the impact of productive-oriented local government debt expansion on urban innovation,leveraging China’s“Four Trillion Yuan”stimulus plan in 2008 as a natural experiment and drawing on urban panel data.Through the lens of productive government debt,we find that such expansion significantly boosts urban innovation,driven by three key mechanisms:infrastructure support,government innovation subsidies,and talent agglomeration.However,heterogeneity analysis reveals that this positive effect weakens in China’s central and western regions,cities with higher administrative status,and those with lower marketization levels,where the impact becomes negligible.Further scrutiny shows that local government financing vehicle(LGFV)bonds and special local government bonds earmarked for infrastructure effectively spur urban innovation,whereas general bonds and LGFV bonds used for“borrowing new to repay old”yield little to no benefit.These findings underscore that local government debt,when channeled toward productive ends,can fuel urban innovation.As the central government works to mitigate implicit debt risks,it must weigh the distinct roles of debt funds-considering regional economic conditions and institutional contexts-and tailor policies to time and place.This study offers theoretical insights and practical guidance for decoding the intricate link between government debt and innovation,enriching both scholarship and policy discourse.展开更多
Energy-efficient retrofitting(EER)of existing buildings has significant potential for addressing energy and environmental issues.However,the traditional market trading model is characterized by an inefficient dissemin...Energy-efficient retrofitting(EER)of existing buildings has significant potential for addressing energy and environmental issues.However,the traditional market trading model is characterized by an inefficient dissemination of critical information,which leads to insufficient incentives for market participants to trade.To solve these problems,this study constructs a three-party evolutionary game model with energy saving service companies(ESCO),homeowners,and trading information platforms as the main players,analyzes the interaction and evolution of the three parties'strategies under the scenario of government rewards and penalties,and explores the effects of the three parties'initial willingness and changes of model parameters on the evolution of their strategies.There are some findings as follows:first,the positive transactions of homeowners and ESCOs have less influence on the platform side;second,compared with homeowners,the government penalties have more obvious constraints on the platform side and ESCOs;third,government subsidies and EER revenues are the important factors influencing the speed of the evolution of three-party strategies,fourth,platform service compensation,the factors governing cost and benefit sharing are pivotal in determining the alignment of strategic choices among the three parties involved.Based on the research conclusions.This study offers theoretical guidance for the advancement of platform-based market transactions for EER.展开更多
This paper leverages the Opinions of the State Council on Further Promoting the Reform of the Household Registration System as a quasi-natural experiment to examine the impact of rural migrant urbanization on local go...This paper leverages the Opinions of the State Council on Further Promoting the Reform of the Household Registration System as a quasi-natural experiment to examine the impact of rural migrant urbanization on local government expenditures in science and technology(S&T)and education.Employing a generalized difference-in-differences(generalized-DID)approach and panel data from 271 Chinese prefecture-level and above-level cities spanning 2003–2019,we find that household registration reform driven by this urbanization process significantly increased the absolute level as well as the fiscal share of S&T and education spending.Mechanism analyses indicate that rural migrant urbanization promotes these expenditures through two channels:increasing the overall local fiscal revenue and encouraging a greater proportion of the fiscal resources to be allocated to these sectors.The findings uncover the current evolving trends in fiscal resource allocation due to rural migrant urbanization and provide empirical evidence for optimizing the provision of public services and enhancing the potential of long-term economic development.展开更多
Purpose:This research endeavors to investigate the impact of open government data on corporate investment,emphasizing the exploration of underlying mechanisms,heterogeneous effects,and implications for investment effi...Purpose:This research endeavors to investigate the impact of open government data on corporate investment,emphasizing the exploration of underlying mechanisms,heterogeneous effects,and implications for investment efficiency.Utilizing the implementation of government data open platforms as a quasi-natural experiment,this study aims to elucidate how public data transparency affects firms’investment decisions and resource allocation.Design/methodology/approach:This study employs a staggered Difference-in-Differences(DID)model as its principal methodological framework.This approach facilitates causal inference by examining the differential changes in corporate investment between firms influenced by the data openness policy and those that remain unaffected over time.Findings:The findings indicate that open government data substantially enhance corporate investment levels.A mechanistic analysis identifies three principal channels through which this effect is mediated:alleviation of overall financing constraints,reduction of financing costs,and expansion of the financing scale.A heterogeneity analysis suggests that the positive impact is more pronounced in state-owned enterprises,high-tech firms,and companies experiencing elevated levels of macroeconomic uncertainty.Moreover,the transparency of government data improves the responsiveness of corporate investment to emerging opportunities,thereby augmenting the overall efficiency of corporate investment.Research limitations:This study primarily examined the influence of government data transparency on corporate investment,while not accounting for the effects of macroeconomic variability,internal corporate governance frameworks,and industry-specific regulatory policies.Practical implications:Government open data platforms can effectively boost corporate investment and resource allocation.Policymakers should focus on improving the quality and accessibility of these data,especially in areas with high economic uncertainty,to support business investments.Firms,particularly high-tech and financially constrained firms,can use open data to ease capital limitations and find investment opportunities.Regulators should promote data transparency to enhance economic vitality through efficient corporate investments.Originality/value:This study enhances the existing literature by offering causal evidence of the impact of open government data on corporate investment,a subject that has been relatively underexplored empirically.By employing a quasi-natural experiment centered on the implementation of government data platforms,this study adopts a robust methodological approach to address endogeneity issues,thereby advancing methodological rigor in investigations of public data governance and corporate behavior.展开更多
This paper examines the Chinese terminology in 2024 Government Work Report and conducts a comparative analysis of its translation into English and Japanese.The study explores the challenges and strategies involved in ...This paper examines the Chinese terminology in 2024 Government Work Report and conducts a comparative analysis of its translation into English and Japanese.The study explores the challenges and strategies involved in translating these terms,taking into account differences in vocabulary,grammatical structure,and cultural context between the two languages.The findings reveal that the same term may be translated differently into English and Japanese due to the distinct linguistic and cultural characteristics of each language.The research emphasizes that understanding and respecting the unique features of each language and culture are essential for accurately conveying the meaning of Chinese terms.This is crucial for enhancing the international influence of Chinese discourse and promoting cross-cultural communication.展开更多
Objective To empirically analyze the relationship between Government R&D funding and R&D investment of the enterprises in different sub industries of pharmaceutical industry,and to provide reference for the de...Objective To empirically analyze the relationship between Government R&D funding and R&D investment of the enterprises in different sub industries of pharmaceutical industry,and to provide reference for the development of policies related to R&D funding input.Methods Granger causality test was performed using the data of relevant indicators in different sub industries of China’s pharmaceutical industry from 1995 to 2019 based on the theory of covariance.Results and Conclusion The funding of R&D from the government had a significant positive effect on their R&D funding inputs to enterprises with chemo products,Chinese patent products,and biological products.It means the improvement of government funding was beneficial in promoting the R&D investment from various sub industries of pharmaceutical industry.The order of this influence was biological products,chemo products,and Chinese patent drugs.As to chemical drugs and biological products,the government’s R&D funding and enterprises R&D funding input showed a good trend of mutual promotion in a certain lag period.The government can fully leverage its funding to promote the investment of all sub industries of pharmaceutical industry.Meanwhile,regulatory mechanisms should be refined for government funding.For the inheritance,innovation,and development of traditional Chinese medicine,the government should give more policy support than financial support.展开更多
In recent years,local government debt reduction and risk prevention have been the subjects of common concern to all parties.China's local government debt has different reasons in different historical periods,and t...In recent years,local government debt reduction and risk prevention have been the subjects of common concern to all parties.China's local government debt has different reasons in different historical periods,and the main line running through this is the development orientation of local governments.It is undeniable that local government debt has played an indelible role in China's rapid economic growth.However,due to historical restrictions,flood irrigation inevitably brought sediment all over the ground.Therefore,this paper intends to rethink the causes of local government debt from the perspective of the dual role of regional government and the main body of meso economics.展开更多
Given the existence of real estate market bubbles and risks arising from high government debt,countries are faced with the challenge of preventing systemic risks.This study investigates the macroeconomic dynamics of t...Given the existence of real estate market bubbles and risks arising from high government debt,countries are faced with the challenge of preventing systemic risks.This study investigates the macroeconomic dynamics of the real estate market and local government debt risk from the perspective of liquidity constraints.We build a dynamic stochastic general equilibrium model with real estate and local government debt risk based on the New Keynesian-Dynamic Stochastic General Equilibrium Model(NK-DSGE)model to investigate the transmission path of local government debt risk under real estate regulation.In addition,we analyze the risk transmission between the real estate market and local government under different tax systems and investigate the shock to household welfare from a local government debt default.The results show monetary policy can effectively control the scale of local government debt to reduce default risk.An increase in property taxes that restrains housing demand can effectively regulate the real estate market.Although reducing taxes can increase macroeconomic output,reducing tax rates on consumption,capital,and labor weakens the liquidity of household assets.Further,lowering taxes increases local government default risk,which reduces household welfare and makes it more difficult for local governments to deleverage.Our findings provide important insights for countries seeking an effective real estate regulation mechanism to curb local government default risk.展开更多
文摘China’s“common prosperity”policy is a multidimensional pursuit of social and economic progress aimed at full realization by 2050.A CHIEVING common prosperity–prosperity that is universally shared–has been a longstanding aspiration of the Chinese government.
文摘This study analyzes the User Interface(UI)and User Experience(UX)of information systems that provide local government information.The systems analyzed are the Local Administrative Comprehensive Information Disclosure System(Zheripan),the Integrated Local Financial Disclosure System(Qinching Online),and the Local Regulations Information System(12348 Zhejiang Legal Network).The Local Administrative Comprehensive Information Disclosure System offers public service and personnel information,while the Integrated Local Financial Disclosure System provides financial information,and the Local Regulations Information System offers legal information as its main content.The analysis framework utilized three elements:objective data,psychological factors,and heuristic evaluation.The results of the first objective data analysis show that approximately 70%of visits to Zheripan and Qinching Online are through search,and the time spent on the homepage is short.In contrast,about 70%of visits to the 12348 Zhejiang Legal Network are direct visits,with users browsing multiple pages with a clear purpose.In terms of data provision methods,Zheripan provides two types of data in three formats,Qinching Online offers 28 types of data in five formats,and 12348 Zhejiang Legal Network provides one type of information in a single format.The second psychological factor analysis found that all three websites had a number of menus suitable for short-term cognitive capacity.However,only one of the sites had a layout that considered the user’s eye movement.Finally,the heuristic evaluation revealed that most of the evaluation criteria were not met.While the design is relatively simple and follows standards,feedback for users,error prevention,and help options were lacking.Moreover,the user-specific usability was low,and the systems remained at the information-providing level.Based on these findings,both short-term and long-term improvement measures for creating an interactive system beyond simple information disclosure are proposed.
文摘This study aims to analyze the challenges and implications of implementing the accrual basis in governmental accounting through a literature review approach.The method used is a systematic review of 15 scientific journals,consisting of 10 national and 5 international journals published within the last five years(2019-2024).The findings reveal that the implementation of the accrual basis in Indonesia still faces several obstacles,particularly in terms of the competency of public officials,the limitations of integrated financial information systems,and inconsistencies between regulations and financial reporting practices.Nevertheless,the accrual basis has been found to improve the quality of financial information,enhance budgetary accountability,and support more efficient and transparent public financial governance.These findings are in line with practices in several countries that have successfully adopted accrual accounting in the public sector.This study recommends improving the capacity of human resources,strengthening financial information systems,and harmonizing inter-agency policies to ensure that the implementation of accrual-based accounting provides optimal benefits for public sector financial management.
基金supported by Guizhou Province Major Science and Technology Achievement Transformation Project(QKHCG[2024]ZD016)the Excellent Young Scientists Fund from the National Natural Science Foundation of China(Grant No.42422105)+1 种基金Guizhou Province Natural Science Research Project(Qian Jiao Ji[2023]No.033)Provincial Science and Technology Program of Guizhou Province(Grant No.20201Y288).
文摘The Sustainable Development Goals(SDGs)are crucial in tackling the sustainability challenges and emerging issues faced by humanity,with government attention being a significant factor in promoting their successful achievement.However,there is limited quantitative research systematically examining the impacts of government attention on SDGs progress.This study employs text analysis and a panel regression model to analyze the impacts of government attention intensity,text similarity,and tone on the achievement of SDGs,utilizing data extracted from China’s Government Work Reports spanning the decade from 2010 to 2020.The findings reveal that the Chinese government attention to the SDGs has generally increased over time.The heightened focus has notably bolstered the achievement of the SDGs,with the most significant impact observed post-2015.Government attention intensity was identified as the most impactful factor.Moreover,government attention intensity,text similarity,and tone have positively influenced the coupling coordination relationship between 17 SDGs,as measured by the coupling coordination degree,leading to a more harmonious and balanced achievement of socioeconomic and environmental goals in China.Financial investment served as a moderating factor,enhancing the positive impacts of attention intensity,text similarity and tone on the promotion of SDGs attainment.The effects of government attention on SDGs progress were notably positive in the eastern region,exhibiting greater significance in areas with stronger governance capacity compared to those with weaker governance capacity.This study provides insightful information for enhancing the modernization and efficiency of China’s national governance system,promoting SDGs at local and global scales,and fostering sustainable transformation.
基金Chongqing Social Science Planning Project“Research on the Practical Path of Leading and Cultivating Youth Responsibility and Commitment with the Spirit of Struggle”(2021YBCS24)。
文摘Marx scientifically summarized the experience and lessons of the Paris Commune,deeply exposed the root causes of bourgeois corruption,and emphasized the purity and advancement of the construction of proletarian political parties and political power.The dictatorship of the proletariat puts forward the ideas of cheap government that eradicate corruption,realizes that the people are the masters of the country,implements democratic supervision of elections,simplifies the construction of institutions,lowers governance costs,and achieves higher efficiency.A deep understanding of the theoretical characteristics of Marx’s thoughts on integrity,democracy,and honor,and a profound clarification of the practical significance of Marx’s ideology on clean governance,combined with practical practice,will help promote the construction of a new system of anti-corruption and incorruption in our country,and will benefit our contemporary services.The construction of a type-oriented government system is conducive to deepening the construction of China’s national legal system.
文摘Internal audit plays a strategic role in ensuring the reliability of government financial statements,which are essential tools for achieving public financial accountability and transparency.This study aims to analyze the role of internal audit in improving the quality of government financial reporting using a literature review approach based on agency theory.The method employed is a systematic literature review of 12 scholarly articles(7 national and 5 international),as well as relevant books and official reports published within the last five years(2019-2024).The findings indicate that an effective and independent internal audit can reduce information asymmetry between the government(agent)and the public(principal),enhance compliance with Government Accounting Standards(SAP),and strengthen internal controls and financial governance.This study concludes that a competent internal audit function is a critical prerequisite for producing reliable,relevant,and accountable financial statements.The findings support agency theory and offer key recommendations for strengthening internal audit practices in the public sector.
基金Youth Program of the National Social Science Foundation of China(NSSFC),“Research on the Impact of Land Transfer Marketization on the Transformation and Upgrading of Manufacturing in the New Era”(Grant No.23CJL010)Major Project of Renmin University of China Scientific Research Fund,“Research on the Mechanism of Government Guidance Funds Promoting High-Quality Development”(Grant No.23XNL007)funded by the Advantageous Discipline Project under the Peak Strategy of the CASS(industrial economics).
文摘Urban innovation is essential to strengthening national innovation capacity and technological capabilities,placing its sustained development at the heart of scholarly debate.This study explores the impact of productive-oriented local government debt expansion on urban innovation,leveraging China’s“Four Trillion Yuan”stimulus plan in 2008 as a natural experiment and drawing on urban panel data.Through the lens of productive government debt,we find that such expansion significantly boosts urban innovation,driven by three key mechanisms:infrastructure support,government innovation subsidies,and talent agglomeration.However,heterogeneity analysis reveals that this positive effect weakens in China’s central and western regions,cities with higher administrative status,and those with lower marketization levels,where the impact becomes negligible.Further scrutiny shows that local government financing vehicle(LGFV)bonds and special local government bonds earmarked for infrastructure effectively spur urban innovation,whereas general bonds and LGFV bonds used for“borrowing new to repay old”yield little to no benefit.These findings underscore that local government debt,when channeled toward productive ends,can fuel urban innovation.As the central government works to mitigate implicit debt risks,it must weigh the distinct roles of debt funds-considering regional economic conditions and institutional contexts-and tailor policies to time and place.This study offers theoretical insights and practical guidance for decoding the intricate link between government debt and innovation,enriching both scholarship and policy discourse.
基金supported by the National Natural Science Foundation of China(Grant No.71872122)the Late-stage Subsidy Project of Humanities and Social Sciences of the Education Department of China(Grant No.20JHQ095).
文摘Energy-efficient retrofitting(EER)of existing buildings has significant potential for addressing energy and environmental issues.However,the traditional market trading model is characterized by an inefficient dissemination of critical information,which leads to insufficient incentives for market participants to trade.To solve these problems,this study constructs a three-party evolutionary game model with energy saving service companies(ESCO),homeowners,and trading information platforms as the main players,analyzes the interaction and evolution of the three parties'strategies under the scenario of government rewards and penalties,and explores the effects of the three parties'initial willingness and changes of model parameters on the evolution of their strategies.There are some findings as follows:first,the positive transactions of homeowners and ESCOs have less influence on the platform side;second,compared with homeowners,the government penalties have more obvious constraints on the platform side and ESCOs;third,government subsidies and EER revenues are the important factors influencing the speed of the evolution of three-party strategies,fourth,platform service compensation,the factors governing cost and benefit sharing are pivotal in determining the alignment of strategic choices among the three parties involved.Based on the research conclusions.This study offers theoretical guidance for the advancement of platform-based market transactions for EER.
基金supported by the National Natural Science Foundation of China Youth Project“Research on the Mechanism and Policy Design of the Impact of Rural Migrant Urbanization on Local Government Education Investment”(Grant No.72103034)the Distinguished Young Scholar Funding Project of the University of International Business and Economics(Grant No.21JQ11).
文摘This paper leverages the Opinions of the State Council on Further Promoting the Reform of the Household Registration System as a quasi-natural experiment to examine the impact of rural migrant urbanization on local government expenditures in science and technology(S&T)and education.Employing a generalized difference-in-differences(generalized-DID)approach and panel data from 271 Chinese prefecture-level and above-level cities spanning 2003–2019,we find that household registration reform driven by this urbanization process significantly increased the absolute level as well as the fiscal share of S&T and education spending.Mechanism analyses indicate that rural migrant urbanization promotes these expenditures through two channels:increasing the overall local fiscal revenue and encouraging a greater proportion of the fiscal resources to be allocated to these sectors.The findings uncover the current evolving trends in fiscal resource allocation due to rural migrant urbanization and provide empirical evidence for optimizing the provision of public services and enhancing the potential of long-term economic development.
基金supported by the following grants:National Natural Science Foundation of China(Grant No.72271147)Natural Science Foundation of Guangdong Province(Grant No.2022A1515010573)+1 种基金STU Scientific Research Initiation(Grant No.STF21005,STF21004)the Philosophy and Social Science Planning Project of Guangdong Province(Grant No.GD21CGL12,GD23XYJ76).
文摘Purpose:This research endeavors to investigate the impact of open government data on corporate investment,emphasizing the exploration of underlying mechanisms,heterogeneous effects,and implications for investment efficiency.Utilizing the implementation of government data open platforms as a quasi-natural experiment,this study aims to elucidate how public data transparency affects firms’investment decisions and resource allocation.Design/methodology/approach:This study employs a staggered Difference-in-Differences(DID)model as its principal methodological framework.This approach facilitates causal inference by examining the differential changes in corporate investment between firms influenced by the data openness policy and those that remain unaffected over time.Findings:The findings indicate that open government data substantially enhance corporate investment levels.A mechanistic analysis identifies three principal channels through which this effect is mediated:alleviation of overall financing constraints,reduction of financing costs,and expansion of the financing scale.A heterogeneity analysis suggests that the positive impact is more pronounced in state-owned enterprises,high-tech firms,and companies experiencing elevated levels of macroeconomic uncertainty.Moreover,the transparency of government data improves the responsiveness of corporate investment to emerging opportunities,thereby augmenting the overall efficiency of corporate investment.Research limitations:This study primarily examined the influence of government data transparency on corporate investment,while not accounting for the effects of macroeconomic variability,internal corporate governance frameworks,and industry-specific regulatory policies.Practical implications:Government open data platforms can effectively boost corporate investment and resource allocation.Policymakers should focus on improving the quality and accessibility of these data,especially in areas with high economic uncertainty,to support business investments.Firms,particularly high-tech and financially constrained firms,can use open data to ease capital limitations and find investment opportunities.Regulators should promote data transparency to enhance economic vitality through efficient corporate investments.Originality/value:This study enhances the existing literature by offering causal evidence of the impact of open government data on corporate investment,a subject that has been relatively underexplored empirically.By employing a quasi-natural experiment centered on the implementation of government data platforms,this study adopts a robust methodological approach to address endogeneity issues,thereby advancing methodological rigor in investigations of public data governance and corporate behavior.
文摘This paper examines the Chinese terminology in 2024 Government Work Report and conducts a comparative analysis of its translation into English and Japanese.The study explores the challenges and strategies involved in translating these terms,taking into account differences in vocabulary,grammatical structure,and cultural context between the two languages.The findings reveal that the same term may be translated differently into English and Japanese due to the distinct linguistic and cultural characteristics of each language.The research emphasizes that understanding and respecting the unique features of each language and culture are essential for accurately conveying the meaning of Chinese terms.This is crucial for enhancing the international influence of Chinese discourse and promoting cross-cultural communication.
文摘Objective To empirically analyze the relationship between Government R&D funding and R&D investment of the enterprises in different sub industries of pharmaceutical industry,and to provide reference for the development of policies related to R&D funding input.Methods Granger causality test was performed using the data of relevant indicators in different sub industries of China’s pharmaceutical industry from 1995 to 2019 based on the theory of covariance.Results and Conclusion The funding of R&D from the government had a significant positive effect on their R&D funding inputs to enterprises with chemo products,Chinese patent products,and biological products.It means the improvement of government funding was beneficial in promoting the R&D investment from various sub industries of pharmaceutical industry.The order of this influence was biological products,chemo products,and Chinese patent drugs.As to chemical drugs and biological products,the government’s R&D funding and enterprises R&D funding input showed a good trend of mutual promotion in a certain lag period.The government can fully leverage its funding to promote the investment of all sub industries of pharmaceutical industry.Meanwhile,regulatory mechanisms should be refined for government funding.For the inheritance,innovation,and development of traditional Chinese medicine,the government should give more policy support than financial support.
文摘In recent years,local government debt reduction and risk prevention have been the subjects of common concern to all parties.China's local government debt has different reasons in different historical periods,and the main line running through this is the development orientation of local governments.It is undeniable that local government debt has played an indelible role in China's rapid economic growth.However,due to historical restrictions,flood irrigation inevitably brought sediment all over the ground.Therefore,this paper intends to rethink the causes of local government debt from the perspective of the dual role of regional government and the main body of meso economics.
基金supported by the National Natural Science Foundation of China(Nos.72271135,72141304,71901130)National Social Science Fund of China(22&ZD117)+3 种基金Laboratory of Computation and Analytics of Complex Management Systems(Tianjin University)Special Funds for Taishan Scholars(tsqn202211120)2024 Qingdao Finance Society Key Project2024 Qingdao Social Science Planning Project.
文摘Given the existence of real estate market bubbles and risks arising from high government debt,countries are faced with the challenge of preventing systemic risks.This study investigates the macroeconomic dynamics of the real estate market and local government debt risk from the perspective of liquidity constraints.We build a dynamic stochastic general equilibrium model with real estate and local government debt risk based on the New Keynesian-Dynamic Stochastic General Equilibrium Model(NK-DSGE)model to investigate the transmission path of local government debt risk under real estate regulation.In addition,we analyze the risk transmission between the real estate market and local government under different tax systems and investigate the shock to household welfare from a local government debt default.The results show monetary policy can effectively control the scale of local government debt to reduce default risk.An increase in property taxes that restrains housing demand can effectively regulate the real estate market.Although reducing taxes can increase macroeconomic output,reducing tax rates on consumption,capital,and labor weakens the liquidity of household assets.Further,lowering taxes increases local government default risk,which reduces household welfare and makes it more difficult for local governments to deleverage.Our findings provide important insights for countries seeking an effective real estate regulation mechanism to curb local government default risk.
