This paper takes global manufacturing listed companies from 2010 to 2022 as samples and uses the difference-in-differences(DID)method to empirically examine the impact of the internationalization of ESG standards on t...This paper takes global manufacturing listed companies from 2010 to 2022 as samples and uses the difference-in-differences(DID)method to empirically examine the impact of the internationalization of ESG standards on the trade competitiveness of multinational enterprises and their mechanisms.The research finds that the internationalization of ESG standards significantly enhances the trade competitiveness of multinational manufacturing enterprises,and this effect is dynamic and sustainable.The mechanism analysis indicates that the internationalization of ESG standards exerts its influence through three pathways:reducing enterprise financing costs,promoting technological innovation,and enhancing brand reputation.The heterogeneity analysis shows that this effect is more significant in enterprises from developed countries,high-pollution industries,and larger enterprises.This paper provides micro-level evidence for understanding the economic consequences of the internationalization of ESG standards and offers policy implications for multinational enterprises to cope with the global ESG rule changes and enhance their trade competitiveness.展开更多
Coal dependence and inefficient decentralized heating have significantly increased China’s energy consumption for winter heating,increasing air pollution and exacerbating the greenhouse effect.In 2017,China implement...Coal dependence and inefficient decentralized heating have significantly increased China’s energy consumption for winter heating,increasing air pollution and exacerbating the greenhouse effect.In 2017,China implemented the Pilot Policy on Clean Winter Heating in Northern China,aiming to achieve high central heating coverage and cleaner energy consumption.Studying the effects of this policy can help promote its implementation and serve as a reference for effective adjustment of the contents in the future.However,few studies have investigated this policy and its carbon reduction effects,and most focus on the provincial or city levels.Therefore,this paper considers the policy’s influence on air pollution and carbon emissions at the county level to provide a precise and comprehensive assessment of the policy effects.We use panel data from 1290 counties in 15 provinces in Northern China from 2014 to 2021,applying a multiperiod difference-in-differences model to quantify the impact of the policy on carbon emissions and air quality in the pilot area.We then conduct a series of tests to demonstrate the robustness of the results and analyze the mechanisms of the policy effects from two perspectives,namely,central heating and natural gas use,through a mediating effect model.Finally,we examine the heterogeneity of policy effects between counties based on geographic location and per capita income levels of rural residents through a moderating effect model.The results reveal that the policy significantly reduces air pollution and carbon emissions in the pilot area by increasing the central heating area and natural gas use.Compared with the central and western regions in the north and areas with low-income rural residents,the policy effects in the eastern regions in the north and areas with high-income rural residents are more pronounced.展开更多
This paper focuses on Chengdu and Chongqing’s positioning as important economic center in western China and their evolving into an economic center of national influence.On the one hand,it uses the synthetic differenc...This paper focuses on Chengdu and Chongqing’s positioning as important economic center in western China and their evolving into an economic center of national influence.On the one hand,it uses the synthetic difference-in-differences(SDID)method to analyze the impact of policies since 2011 designed to build Chengdu and Chongqing into an important economic center in western China.On the other hand,it employs the entropy-weighted TOPSIS method to comprehensively evaluate the influences of ten core Chinese cities as economic centers within four major urban agglomerations,as well as conduct an analytical assessment of the Chengdu-Chongqing economic circle from key perspectives such as its capacity to lead,capacity to agglomerate,and capacity to radiate.From a longitudinal historical perspective,both Chengdu and Chongqing have benefited significantly from policies designed to build an important economic center in western China,and which laid a foundation for building an economic center of national influence.From a horizontal regional comparison,among the ten core cities evaluated as economic centers within the four major urban agglomerations,Chengdu and Chongqing ranked in the middle,possessing a moderate but not yet outstanding influence.Consequently,to evolve into an economic center of national influence,the Chengdu-Chongqing economic circle should leverage its relative advantages in connectivity,market size,value chain division of labor,policy attractiveness,and industry development.It can enhance its influence by strengthening the complementarity of its economic resources,overcoming the administrative inertia,accelerating the establishment of a regional innovation system,broadening the scope of its economic radiation,and promoting its comprehensive and all-dimensional opening-up.展开更多
This study highlights the changing priorities of China’s paired assistance throughout the past decades,as well as its theoretical implications and economic growth effects for recipient regions.Using panel data from 3...This study highlights the changing priorities of China’s paired assistance throughout the past decades,as well as its theoretical implications and economic growth effects for recipient regions.Using panel data from 32 prefecture-level cities from 1990 to 2020,this study uses the multiperiod difference-in-differences approach to examine how paired assistance has contributed to economic growth in Xizang Autonomous Region and Xinjiang Uygur Autonomous Region.The findings indicate that,first,the implementation of the paired assistance policy has boosted economic growth in Xizang and Xinjiang.Second,paired assistance has stimulated economic growth in recipient communities by improving infrastructure.Third,paired assistance has contributed to economic growth in recipient communities by providing improved public services such as education and healthcare.Improvements to public services have a relatively smaller indirect effect in short term than infrastructure development on economic growth.Yet both education and healthcare are crucial to people’s quality of life in recipient communities.This paper has refined and broadened research on the effects of paired assistance,providing preference for future policymaking.展开更多
Improvement of transportation infrastructure quality will lead to more sufficient market competition and promote the flow of resources with greater efficiency. This paper considers China's railway speed-up in 2007...Improvement of transportation infrastructure quality will lead to more sufficient market competition and promote the flow of resources with greater efficiency. This paper considers China's railway speed-up in 2007 as a quasi-natural experiment on China's transportation infrastructure quality improvement. With the initial operation of electric multiple units(EMUs) as the basis of grouping, this research examines the effect of railway speed-up on corporate total factor productivity(TFP) growth by the differencein-differences(DID) method. Overally, the results reveal positive effects both on firms' technological change and efficiency improvement, which lead to the increase of TFP. Based on subsamples divided by different regions and types of enterprises, further analysis indicates that the productivity of exporter, non-state and coastal firms has been mostly affected by the railway speed-up. These conclusions are verified by a placebo test. Besides, firms within "one-hour economic circle" have been shown more sensitive to the effect of railway speed increase.展开更多
Measuring the economic and social effects of the Northeast China Revitalization Strategy is critical to addressing regional sustainable development in China. To shed light on this issue, an integrated perspective was ...Measuring the economic and social effects of the Northeast China Revitalization Strategy is critical to addressing regional sustainable development in China. To shed light on this issue, an integrated perspective was adopted that is combined with the difference-in-differences method to measure the effects of the strategy on economic growth and social development in Northeast China. The findings suggest that the strategy has significantly improved regional economic growth and per-capita income by increasing its gross domestic product(GDP) and GDP per capita by 25.70% and 46.00%, respectively. However, the strategy has significantly worsened the regional employment in the secondary industry of the region. In addition, the strategy has not significantly improved regional infrastructural road, education investment or social security, and has had no significant effect on mitigating regional disparity. In addition, the policy effects are highly heterogeneous across cities based on city size and characteristics. Therefore, there is no simple answer regarding whether the Northeast China Revitalization Strategy has reached its original goals from an integrated perspective. The next phase of the strategy should emphasize improving research and development(R&D) and human capital investments based on urban heterogeneity to prevent conservative path-dependency and the lock-in of outdated technologies.展开更多
National high-tech industrial development zones represent a major strategy of the Chinese government in developing high-tech industries and spurring regional economic growth. The effect of this policy is yet to be pro...National high-tech industrial development zones represent a major strategy of the Chinese government in developing high-tech industries and spurring regional economic growth. The effect of this policy is yet to be proven. Based on the panel data of 283 Chinese cities between 1984 and 2012, this paper investigates the effect of high-tech zones on regional economic development. Empirical results suggest that first, national hightech zones have remarkably enhanced regional GDP and per capita GDP growth, and this conclusion still holds true after multiple rounds of robustness test; second, the economic effect of national high-tech zones is subject to diminishing marginal return and compared with higher-tier cities, lower-tier cities benefited more from the creation of national hightech zones. This paper concludes that national high-tech zones where special policies are experimented and offered not only drive economic development but, if properly distributed across regions, may help reduce regional economic disparities as well. The results of this study provide important implications for the future distribution of national high-tech zones and the creation of other relevant policies.展开更多
Cross-border e-commerce(CBEC)significantly stimulates foreign trade development and the flow of goods and services.This study,using Chinese city-level data and a multiperiod difference-in-differences model based on CB...Cross-border e-commerce(CBEC)significantly stimulates foreign trade development and the flow of goods and services.This study,using Chinese city-level data and a multiperiod difference-in-differences model based on CBEC comprehensive pilot zones,explores the impact of CBEC reform on urban service industry entrepreneurship.The results show that CBEC reform increased entrepreneurial activity,and this is confirmed by robustness tests.The mechanisms driving this efect include the attraction of foreign direct investment,improved information infrastructure,and talent development.Regional analysis reveals stronger effects in central,western,and noncoastal cities,and industry analysis highlights public and consumer services.Spatial heterogeneity shows that the reform's impact diminished with distance from pilot zones,with potential inhibitory efects in remote areas.This study demonstrates how CBEC reform can stimulate entrepreneurship and foster economicgrowth.展开更多
Using micro-level data from 2009-2015 and the difference-in-difference method,this paper empirically examines the impact of the Belt and Road Initiative(BRI)on the quality of food imported by Chinese enterprises from ...Using micro-level data from 2009-2015 and the difference-in-difference method,this paper empirically examines the impact of the Belt and Road Initiative(BRI)on the quality of food imported by Chinese enterprises from BRI countries.Our baseline results show that the BRI significantly improved the quality of food imported from these countries.Further investigation reveals that trade patterns,ownership types,import regions,transportation methods,and product quality show significant heterogeneous effects in influencing the quality of imported food.A mechanism analysis indicates that the BRI improves the quality of imported food through three main channels:import trade environment enhancement,competition effect,and consumption upgrading,with the competition effect having the largest impact compared with the other two channels.Our findings suggest that China should not only improve the infrastructure in BRI countries but also use the BRI as an opportunity to enhance the level of cooperation with BRI countries and maintain stability and sustainability in cooperation with them.展开更多
文摘This paper takes global manufacturing listed companies from 2010 to 2022 as samples and uses the difference-in-differences(DID)method to empirically examine the impact of the internationalization of ESG standards on the trade competitiveness of multinational enterprises and their mechanisms.The research finds that the internationalization of ESG standards significantly enhances the trade competitiveness of multinational manufacturing enterprises,and this effect is dynamic and sustainable.The mechanism analysis indicates that the internationalization of ESG standards exerts its influence through three pathways:reducing enterprise financing costs,promoting technological innovation,and enhancing brand reputation.The heterogeneity analysis shows that this effect is more significant in enterprises from developed countries,high-pollution industries,and larger enterprises.This paper provides micro-level evidence for understanding the economic consequences of the internationalization of ESG standards and offers policy implications for multinational enterprises to cope with the global ESG rule changes and enhance their trade competitiveness.
基金supported by the National Social Science Fund of China[Grant No.21BGL181]to Yan Chen.
文摘Coal dependence and inefficient decentralized heating have significantly increased China’s energy consumption for winter heating,increasing air pollution and exacerbating the greenhouse effect.In 2017,China implemented the Pilot Policy on Clean Winter Heating in Northern China,aiming to achieve high central heating coverage and cleaner energy consumption.Studying the effects of this policy can help promote its implementation and serve as a reference for effective adjustment of the contents in the future.However,few studies have investigated this policy and its carbon reduction effects,and most focus on the provincial or city levels.Therefore,this paper considers the policy’s influence on air pollution and carbon emissions at the county level to provide a precise and comprehensive assessment of the policy effects.We use panel data from 1290 counties in 15 provinces in Northern China from 2014 to 2021,applying a multiperiod difference-in-differences model to quantify the impact of the policy on carbon emissions and air quality in the pilot area.We then conduct a series of tests to demonstrate the robustness of the results and analyze the mechanisms of the policy effects from two perspectives,namely,central heating and natural gas use,through a mediating effect model.Finally,we examine the heterogeneity of policy effects between counties based on geographic location and per capita income levels of rural residents through a moderating effect model.The results reveal that the policy significantly reduces air pollution and carbon emissions in the pilot area by increasing the central heating area and natural gas use.Compared with the central and western regions in the north and areas with low-income rural residents,the policy effects in the eastern regions in the north and areas with high-income rural residents are more pronounced.
文摘This paper focuses on Chengdu and Chongqing’s positioning as important economic center in western China and their evolving into an economic center of national influence.On the one hand,it uses the synthetic difference-in-differences(SDID)method to analyze the impact of policies since 2011 designed to build Chengdu and Chongqing into an important economic center in western China.On the other hand,it employs the entropy-weighted TOPSIS method to comprehensively evaluate the influences of ten core Chinese cities as economic centers within four major urban agglomerations,as well as conduct an analytical assessment of the Chengdu-Chongqing economic circle from key perspectives such as its capacity to lead,capacity to agglomerate,and capacity to radiate.From a longitudinal historical perspective,both Chengdu and Chongqing have benefited significantly from policies designed to build an important economic center in western China,and which laid a foundation for building an economic center of national influence.From a horizontal regional comparison,among the ten core cities evaluated as economic centers within the four major urban agglomerations,Chengdu and Chongqing ranked in the middle,possessing a moderate but not yet outstanding influence.Consequently,to evolve into an economic center of national influence,the Chengdu-Chongqing economic circle should leverage its relative advantages in connectivity,market size,value chain division of labor,policy attractiveness,and industry development.It can enhance its influence by strengthening the complementarity of its economic resources,overcoming the administrative inertia,accelerating the establishment of a regional innovation system,broadening the scope of its economic radiation,and promoting its comprehensive and all-dimensional opening-up.
基金supported by the Major Project of the National Social Science Fund of China (NSSFC)“Economic Development for Ethnic Minorities under Socialism with Chinese Characteristics and International Comparison”(Grant No. 19ZDA173)the NSSFC Project “Study on the Implementation and Development of Educational Assistance to Xizang and Xinjiang under the Horizon of the Community of the Chinese Nation”(Grant No. CMA220323)the Elite Innovation Team of Pu’er University “Innovation Team for the Prosperity of Border Regions and Common Modernization of Ethnic Minority Regions”(Grant No. 2023PEXYCXTD002)
文摘This study highlights the changing priorities of China’s paired assistance throughout the past decades,as well as its theoretical implications and economic growth effects for recipient regions.Using panel data from 32 prefecture-level cities from 1990 to 2020,this study uses the multiperiod difference-in-differences approach to examine how paired assistance has contributed to economic growth in Xizang Autonomous Region and Xinjiang Uygur Autonomous Region.The findings indicate that,first,the implementation of the paired assistance policy has boosted economic growth in Xizang and Xinjiang.Second,paired assistance has stimulated economic growth in recipient communities by improving infrastructure.Third,paired assistance has contributed to economic growth in recipient communities by providing improved public services such as education and healthcare.Improvements to public services have a relatively smaller indirect effect in short term than infrastructure development on economic growth.Yet both education and healthcare are crucial to people’s quality of life in recipient communities.This paper has refined and broadened research on the effects of paired assistance,providing preference for future policymaking.
基金supported by the National Social Science Foundation of China (NSFC) programs (14CJL020, 15CJL048)the Humanity and Social Science Youth Foundation Program of Ministry of Education of China (15YJC790006)
文摘Improvement of transportation infrastructure quality will lead to more sufficient market competition and promote the flow of resources with greater efficiency. This paper considers China's railway speed-up in 2007 as a quasi-natural experiment on China's transportation infrastructure quality improvement. With the initial operation of electric multiple units(EMUs) as the basis of grouping, this research examines the effect of railway speed-up on corporate total factor productivity(TFP) growth by the differencein-differences(DID) method. Overally, the results reveal positive effects both on firms' technological change and efficiency improvement, which lead to the increase of TFP. Based on subsamples divided by different regions and types of enterprises, further analysis indicates that the productivity of exporter, non-state and coastal firms has been mostly affected by the railway speed-up. These conclusions are verified by a placebo test. Besides, firms within "one-hour economic circle" have been shown more sensitive to the effect of railway speed increase.
基金the auspices of Young-and Middle-aged Science and Technology Talent Support Program of Shenyang City(No.RC180221)Strategic Priority Research Program of the Chinese Academy of Sciences(No.XDA23070501)+1 种基金Open Research Project of Shouguang Facilities Agriculture Center in Institute of Applied Ecology(No.2018SG-B-01)National Natural Science Foundation of China(No.41971166,41701142)。
文摘Measuring the economic and social effects of the Northeast China Revitalization Strategy is critical to addressing regional sustainable development in China. To shed light on this issue, an integrated perspective was adopted that is combined with the difference-in-differences method to measure the effects of the strategy on economic growth and social development in Northeast China. The findings suggest that the strategy has significantly improved regional economic growth and per-capita income by increasing its gross domestic product(GDP) and GDP per capita by 25.70% and 46.00%, respectively. However, the strategy has significantly worsened the regional employment in the secondary industry of the region. In addition, the strategy has not significantly improved regional infrastructural road, education investment or social security, and has had no significant effect on mitigating regional disparity. In addition, the policy effects are highly heterogeneous across cities based on city size and characteristics. Therefore, there is no simple answer regarding whether the Northeast China Revitalization Strategy has reached its original goals from an integrated perspective. The next phase of the strategy should emphasize improving research and development(R&D) and human capital investments based on urban heterogeneity to prevent conservative path-dependency and the lock-in of outdated technologies.
基金sponsored by the National Natural Science Foundation Program(Approval No.71303185)the Social Sciences Planning Foundation Program of the Ministry of Education(Approval No.13XJA790003)+2 种基金the Social Sciences Foundation Program of Shaanxi Province(Approval No.12D124)the Program of Shaanxi Provincial Department of Education(Approval No.12JK0152)the Support Program for Outstanding Young Teachers of Northwest University(Approval No.PR12152)
文摘National high-tech industrial development zones represent a major strategy of the Chinese government in developing high-tech industries and spurring regional economic growth. The effect of this policy is yet to be proven. Based on the panel data of 283 Chinese cities between 1984 and 2012, this paper investigates the effect of high-tech zones on regional economic development. Empirical results suggest that first, national hightech zones have remarkably enhanced regional GDP and per capita GDP growth, and this conclusion still holds true after multiple rounds of robustness test; second, the economic effect of national high-tech zones is subject to diminishing marginal return and compared with higher-tier cities, lower-tier cities benefited more from the creation of national hightech zones. This paper concludes that national high-tech zones where special policies are experimented and offered not only drive economic development but, if properly distributed across regions, may help reduce regional economic disparities as well. The results of this study provide important implications for the future distribution of national high-tech zones and the creation of other relevant policies.
基金support from the National Natural Science Foundation of China (No.72341014).
文摘Cross-border e-commerce(CBEC)significantly stimulates foreign trade development and the flow of goods and services.This study,using Chinese city-level data and a multiperiod difference-in-differences model based on CBEC comprehensive pilot zones,explores the impact of CBEC reform on urban service industry entrepreneurship.The results show that CBEC reform increased entrepreneurial activity,and this is confirmed by robustness tests.The mechanisms driving this efect include the attraction of foreign direct investment,improved information infrastructure,and talent development.Regional analysis reveals stronger effects in central,western,and noncoastal cities,and industry analysis highlights public and consumer services.Spatial heterogeneity shows that the reform's impact diminished with distance from pilot zones,with potential inhibitory efects in remote areas.This study demonstrates how CBEC reform can stimulate entrepreneurship and foster economicgrowth.
基金supported by the National Natural Science Foundation of China(Nos.71673251,71873120,and 7217030190)the Characteristic Innovation Project of Colleges and Universities in Guangdong Province of China(No.2021WTSCX329).
文摘Using micro-level data from 2009-2015 and the difference-in-difference method,this paper empirically examines the impact of the Belt and Road Initiative(BRI)on the quality of food imported by Chinese enterprises from BRI countries.Our baseline results show that the BRI significantly improved the quality of food imported from these countries.Further investigation reveals that trade patterns,ownership types,import regions,transportation methods,and product quality show significant heterogeneous effects in influencing the quality of imported food.A mechanism analysis indicates that the BRI improves the quality of imported food through three main channels:import trade environment enhancement,competition effect,and consumption upgrading,with the competition effect having the largest impact compared with the other two channels.Our findings suggest that China should not only improve the infrastructure in BRI countries but also use the BRI as an opportunity to enhance the level of cooperation with BRI countries and maintain stability and sustainability in cooperation with them.
