中国经济学人

数据中国

  • China's Rural Reform: Journey, Experience and Outlook

    魏后凯;刘长全;

    Since 1978, China's rural reform has gone through four stages, including the re-establishment of the economic status of farmer households, the transition from planned to market-based resource allocation, the initial development of the new-type urban-rural relationship, and the deepening of reforms in all respects. Underpinned by the household contract responsibility system, China's rural reform follows a gradualist and marketoriented approach that has progressed from encompassing a single domain to encompassing all fronts and from pilot programs to nationwide rollout with the core mandate of protecting farmers' rights and interests and promoting their initiative in agricultural production. Such a gradualist reform is consistent with China's national conditions and has incentivized farmers and integrated rural development, laying a solid institutional foundation for China's rapid development. China's four-decade experience suggests that reform and innovation are the primary drivers of rural development. During this period, China's rural reform has developed extensive experience with significant achievements. In the future, China should take integrated measures to deepen rural reform in all respects, promote farmers' and grassroots initiative, and unlock agricultural development potentials.

    2019年05期 v.14 2-10页 [查看摘要][在线阅读][下载 347K]
  • Cyclical Patterns of China's Reform and Their Implications for the New Era

    黄泰岩;

    After taking stock of China's four-decade reforms, this paper identifies the cyclical patterns of China's reforms, which consist of an intermediate cycle and three short cycles. The purpose of reform is to adjust the changing relations of production to changing productivity. China has adopted a gradualist approach of reform, and reform cycles have coincided with economic cycles. The cyclical changes of reform are of great significance to comprehensively deepening reforms in the new era: Downward pressures of the economy present the best window period for reform; a new cycle of reform will unveil a new economic cycle as well; the people's support is essential to pushing forward the cyclical movements of reform; and top-down design is essential to deepen reforms on all fronts.

    2019年05期 v.14 11-19页 [查看摘要][在线阅读][下载 353K]
  • Samuelson's Concern, Kindleberger Trap and U.S. Trade Protectionism

    原倩;

    "Samuelson's Concern" and "Kindleberger Trap" are cited as justifications for trade protectionism under the Trump administration. After reviewing Samuelson's and Kindleberger's trade theories, this paper finds that both Samuelson and Kindleberger are actually proponents of free trade, and that their common concern is falling US competitiveness due to its economic model, domestic institutional rules, and unilateralism. Both the "Samuelson's Concern" and "Kindleberger Trap" are distortions of Samuelson's and Kindleberger's original theories and the arguments' defense of protectionism cannot overcome the challenges confronting the U.S. and will destabilize international economic order.

    2019年05期 v.14 20-30页 [查看摘要][在线阅读][下载 388K]
  • Mercantilist Origin of United States' Trade Protectionism

    伍山林;

    During its rise as a world power, the United States(U.S.) adopted a traditional form of mercantilism, and most US politicians followed a protectionist approach. From the end of the Civil War to the eve of World War I, the United States blazed a new trail of industrial development and implemented protective policies such as high tariffs. This historical tradition has had a profound influence on some current US politicians. After the collapse of the Bretton Woods system, the United States developed a new form of mercantilism, as manifested in the emergence of nontariff barriers instead of tariff barriers to restrict imports and protect domestic industries and employment. Although export regulations have avoided affecting the technology industry, they have led to hefty trade deficits for the United States. National interests have prevailed in U.S. decision-making and have influenced its choices to accede to or walk away from international organizations or treaties. The dollar's hegemony has played a pivotal role in U.S. economic policymaking. These factors have led to the twin deficits in the U.S. economy, i.e. a trade deficit and a fiscal deficit. The real intention of the United States in waging a trade war against China is to maintain and even strengthen the dollar's hegemony and the U.S.' international predominance.

    2019年05期 v.14 31-40页 [查看摘要][在线阅读][下载 390K]
  • Simulated Effects of U.S. Withdrawal from Paris Agreement under Four Scenarios

    顾高翔;王铮;

    Under the Paris Agreement framework, many developing countries call for low-carbon technology transfers from developed countries as a critical element in the global partnership for carbon emissions abatement. Such a partnership may be disrupted as the U.S. walks away from the agreement. Based on CIECIA-TD model, this paper examines effects of the U.S. exit on global low-carbon technology transfers under various scenarios and simulates the effects on low-carbon technology transfer, climate change, countries' emissions abatement results, and economic development. Our findings suggest that lowcarbon technology has significant emissions abatement and temperature rise mitigation effects. Low-carbon technology transfer among developed countries offers huge emissions abatement potentials, but patent protection system presents a significant barrier to further carbon emissions abatement. In this sense, the U.S. exit from the Paris Agreement will significantly impede developed countries' carbon emissions abatement through technology transfer. With limited knowhow, R&D and learning capacity, developing countries will suffer more to cut carbon emissions under the chain effects of a more challenging technology sharing environment that may result from the U.S. exit from the Paris Agreement. As a gradualist emissions abatement approach, low-carbon technology transfer cannot reduce emissions substantially within a short time, but its climate welfare is conducive to global economic growth and of great significance to carbon governance.

    2019年05期 v.14 41-53页 [查看摘要][在线阅读][下载 523K]
  • AI's Effects on Economic Growth in Aging Society: Induced Innovation and Labor Supplemental Substitution

    陈秋霖;许多;周羿;

    This paper employs industrial robot installations that represent the level of smart manufacturing as the proxy variable of artificial intelligence(AI). Based on crosscountry panel data and China's provincial panel data, we create a two-stage least square(2 SLS) regression model to examine the effect of an aging population on AI applications and AI's effect on economic growth. In this manner, we aim to test whether AI has a substitutive effect on labor against the backdrop of an aging society and the kind of such a substitutive effect. Our findings suggest that the labor shortage arising from an aging society will prompt an economy to adopt smart manufacturing more broadly, i.e. an aging society is a driver of AI development. Smart manufacturing has a positive effect on local GDP and helps shore up the slowing economy resulting from an aging society. AI is an important tool for coping with the challenges of an aging society. Current AI development is an "induced innovation," and its substitutive relationship with labor is a "supplemental substitution" rather than "crowding-out substitution." If these characteristics are properly maintained, AI will contribute more to China's economy against the backdrop of an aging society.

    2019年05期 v.14 54-66页 [查看摘要][在线阅读][下载 459K]
  • Parental Migration's Effects on the Academic and Non-Academic Performance of Left-Behind Children in Rural China

    高玉娟;白钰;马跃;史耀疆;

    This study investigates the impact of parental labor migration on the academic achievements and non-academic growth of left-behind children in fourth and seventh grades. Employing survey data collected from rural China in 2014, 2015, and 2016, we examine the effect of parental absence on children's academic achievement using Propensity Score Matching(PSM) and Difference in Difference(DID) methods. The results demonstrate that left-behind children whose parents have migrated for one year have statistically significantly lower academic scores. Academic scores drop lower for fourthgrade students and students from higher-income families. There are also adverse effects on left-behind children's confidence, teacher-student relationships, subjective well-being, and educational expectations if parents migrate for one year. Surprisingly, if parental migration lasts longer(totaling two years), these adverse effects disappear, and student's educational expectations even improve. These results may be because, over time, the adverse effects that occur immediately after parental migration are offset by the positive effects of migration(i.e. higher income). These conclusions can inform migrant parents on ways to utilize their resources to improve the academic performance of their left-behind children.

    2019年05期 v.14 67-80页 [查看摘要][在线阅读][下载 409K]
  • Civil Society in Traditional China: Governance and Ownership System——Evidence from Construction and Management of Public Facilities in the Qing Dynasty

    龙登高;伊巍;王正华;

    This paper focuses on the bridge council and free ferry services as the private organizers of public infrastructure construction in the Qing Dynasty, uncovers the legal entity ownership system and governance model with China's native origin, and reveals the attributes and characteristics of ownership by legal entities in China's traditional era. Bridge councils and free ferry services are non-profit and non-government public-interest institutions, whose members were elected by local communities. These councils were responsible for the fundraising, construction, and long-term maintenance and operation of public facilities and infrastructure at the grassroots level. They adopted open and transparent management procedures and could coordinate cross-jurisdictional affairs and mediate disputes. They possessed independent assets such as lands and fund reserves, and such exclusive legal-entity ownership received protection from the government and under the laws. Such form of legal-entity ownership provided the institutional foundation for the development of clans, temples, charitable groups, academies of classical learning, and various associations and societies. These self-organizing groups demonstrate remarkable mobilization and organizational capabilities and institutional creativity of civil society in traditional China. They served as a link between the government and communities and played a unique and active role in maintaining social order at the grassroots level.

    2019年05期 v.14 81-95页 [查看摘要][在线阅读][下载 448K]
  • Manager's Characteristics, Debt Financing and Firm Value

    何瑛;张大伟;

    Based on the behavioral finance theory and the upper echelons theory, this paper employs the data of China's A-share listed companies from 2008 to 2013 as research samples, and empirically tests the effects of managers with different characteristics on debt financing and firm value for enterprises of different ownership nature. Results of this study indicate that the debt financing of the listed companies in China can reduce the agency cost with a positive governance effect that promotes firm value. Male, better educated, short-tenured, and financially experienced managers are more likely to be overconfident and prefer debt financing. Specifically, the manager's age, level of education, and work experience can significantly promote the effect of debt financing on firm value. Compared with SOEs, private enterprises can improve their firm value more significantly through debt financing; the education and work experience of the managers of private enterprises are more positively correlated with debt financing and can more significantly improve firm value through debt financing. This paper's findings suggest that the manager's characteristics and firm ownership nature must be taken into account to reach valid conclusions on the governance effects of debt financing on firm value. Meanwhile, these conclusions help unravel the mechanism and economic implications of debt financing, and contribute to the improvement of the capital structure decisions and human resources management practices of China's listed companies. This study not only enriches the literature and empirical evidence on the correlation between managers' characteristics and firm financing, but indicate that managers' characteristics and firm ownership are important considerations for investigating the governance effects of debt financing on firm value and have a vital impact on the formulation and implementation of firm financing decisions.

    2019年05期 v.14 96-110页 [查看摘要][在线阅读][下载 814K]
  • Social Sciences in China

    <正>Social Sciences in China is a peer-reviewed Quarterly academic journal published since 1980 by the Social Science in China Press on behalf of the Chinese Academy of Social Sciences.It is the foremost English journal focusing on recent important developments across the breadth of social sciences and humanities in China.

    2019年05期 v.14 111页 [查看摘要][在线阅读][下载 401K]
  • Effects of E-Commerce Platforms on Firm Export——Evidence from China's Industrial Enterprises

    岳云嵩;李兵;

    With deepening digital technology applications in international trade, e-commerce platforms have become a major avenue for firm export. Based on a multicountry, multi-product heterogeneous firms trade theory model, this paper investigates the firm export effects of e-commerce platforms, and empirically tests the inferences from the model using data from Alibaba China Station, China industrial enterprises data, and China customs data from 2000 to 2009. Our estimation result shows that overall, e-commerce platforms significantly increase firm export probability and volume; e-commerce platforms enable firms to export products of different types to more countries by reducing the cost of information and export markets threshold while raising trade efficiency. Further analysis of enterprise heterogeneity reveals that SMEs, firms in China's eastern region, and general exporters benefit more from e-commerce platforms than other types of firms do.

    2019年05期 v.14 112-125页 [查看摘要][在线阅读][下载 498K]
  • China Industrial Economics

    <正>China Industrial Economics(CIE) is a national academic monthly journal sponsored by the Institute of Industrial Economics of the Chinese Academy of Social Sciences. Committed to exploring theories and facilitating their application, CIE was founded with the mission to publish the latest research results of industrial economics and business administration. It serves as a window for international scholars and managers to keep updated about China's industrial economics and business administration.

    2019年05期 v.14 128页 [查看摘要][在线阅读][下载 294K]
  • 中國工業經濟

    <正>《中国工业经济》,原名《中国工业经济学报》,1984年由著名经济学家蒋一苇创办。现为中国社会科学院主管、中国社会科学院工业经济研究所主办,是全国产业经济、企业管理领域的权威学术期刊。本刊大16开本,160页整,整个设计简洁、大气、厚重。创刊以来,《中国工业经济》本着"理论顶天,实践立地"的理念刊发论文,选题具有前瞻性,内容具有原创性,论证具有严谨性,结论具有实用性,其最大特色是:①思想和方法融为一体。本刊坚决抵制"过程非常复杂结论非常简单"、"把简单问题复杂化"的不良文风,坚持"思想为主,工具为辅"的学

    2019年05期 v.14 129页 [查看摘要][在线阅读][下载 467K]
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