The purpose of economic activities boils down to improving people＇s commonweal （＂minsheng＂ in Chinese, which refers to people＇s welfare, well-being and livelihoods）. The more equal income distribution is, the hi...The purpose of economic activities boils down to improving people＇s commonweal （＂minsheng＂ in Chinese, which refers to people＇s welfare, well-being and livelihoods）. The more equal income distribution is, the higher the aggregate social utility will be. Hence, the ability to meet basic commonweal needs and rights is a symbol of a country＇s commonweal achievements and improvements. Commonweal goods are provided through businesses, nonprofit organizations and government institutions. The coexistence of these three types of organizations emphasize their respective strengths and overcome their weaknesses. No matter which organization provides any given commonweal good, there is no free lunch. It is an important question of choice as to under what conditions should public needs be replaced by government decisions （choices） and what are the consequent costs. After a country has built a basic material foundation to ensure public welfare, the satisfaction of commonweal needs will increasingly take on cultural elements. Hence, commonweal values are evolving. Supply and demand of commonweal goods and the material cost for commonweal satisfaction （happiness） are subject to substantial changes. Great commonweal achievements and improvements cannot only be ＂good deeds＂ that are of immediate benefit to the people. They should include the establishment of sound economic mechanisms supported by the people and that can deliver commonweal improvements on a sustained and extensive basis, as well as compatible social and political systems.展开更多
This paper examines the effect of government procurement on the firm-level labor share in China.Using manually collected local government contract data matched with A-share non-financial listed firms from 2015 to 2023...This paper examines the effect of government procurement on the firm-level labor share in China.Using manually collected local government contract data matched with A-share non-financial listed firms from 2015 to 2023,we find that firms receiving government procurement contracts experience increased labor shares.Government procurement enhances business stability and encourages regulatory and non-regulatory compliance,facilitating the allocation of economic gains to labor.This positive effect is primarily driven by non-SOEs and is pronounced among labor-intensive manufacturing firms.We also show that government procurement effectively promotes income equality and improves overall employee welfare.Our findings highlight the redistributive role of government procurement and the importance of contract design that aligns firm incentives with social objectives in emerging markets.展开更多
文摘The purpose of economic activities boils down to improving people＇s commonweal （＂minsheng＂ in Chinese, which refers to people＇s welfare, well-being and livelihoods）. The more equal income distribution is, the higher the aggregate social utility will be. Hence, the ability to meet basic commonweal needs and rights is a symbol of a country＇s commonweal achievements and improvements. Commonweal goods are provided through businesses, nonprofit organizations and government institutions. The coexistence of these three types of organizations emphasize their respective strengths and overcome their weaknesses. No matter which organization provides any given commonweal good, there is no free lunch. It is an important question of choice as to under what conditions should public needs be replaced by government decisions （choices） and what are the consequent costs. After a country has built a basic material foundation to ensure public welfare, the satisfaction of commonweal needs will increasingly take on cultural elements. Hence, commonweal values are evolving. Supply and demand of commonweal goods and the material cost for commonweal satisfaction （happiness） are subject to substantial changes. Great commonweal achievements and improvements cannot only be ＂good deeds＂ that are of immediate benefit to the people. They should include the establishment of sound economic mechanisms supported by the people and that can deliver commonweal improvements on a sustained and extensive basis, as well as compatible social and political systems.
基金the National Natural Science Foundation of China(Grant No.71672141)the National Social Science Foundation of China(Grant No.21FGLB006)the Humanities and Social Science Foundation of the Ministry of Education of China(Grant No.21YJA630082).
文摘This paper examines the effect of government procurement on the firm-level labor share in China.Using manually collected local government contract data matched with A-share non-financial listed firms from 2015 to 2023,we find that firms receiving government procurement contracts experience increased labor shares.Government procurement enhances business stability and encourages regulatory and non-regulatory compliance,facilitating the allocation of economic gains to labor.This positive effect is primarily driven by non-SOEs and is pronounced among labor-intensive manufacturing firms.We also show that government procurement effectively promotes income equality and improves overall employee welfare.Our findings highlight the redistributive role of government procurement and the importance of contract design that aligns firm incentives with social objectives in emerging markets.
