In this study, we use eight pairs of commodity futures data to investigate the impact of the recently launched nighttime trading session by Chinese futures exchanges. We conduct a thorough empirical analysis on the cross-market information transmission mechanisms between China and the U.S. We apply various econometric analyses including the co-inte......

At present, most of the research discussing the uncertainty of fiscal policy is based on the total fiscal policy and foreign data. There is no literature on the index construction of China’s total and specific fiscal policy. By means of the standard data collecting methods of policy uncertainty with China’s contextual characteristics of fiscal po......

For a long time, related literature on researching the relationship between subsistence security system and poverty focuses on the current effects while ignoring its long-term effects. With the aid of CFPS2012 micro survey data, this paper empirically investigates the impact of the urban and rural subsistence security system on the household vulner......

From the perspective of economic growth and urbanization, this paper proposes several hypotheses on how financial structure affects urban-rural income gap combining with the stylized facts of Chinese economy, and then uses a panel data of 29 provinces over 1996-2015 to conduct empirical analysis. Theoretical analysis shows that owing to the distinc......

Based on the non-financial listed enterprises data from 2000 to 2014, this paper calculates the level of environmental governances of enterprises with environmental investment, and empirically analyzes the impact of provincial official tenure and Five-Year Plan target assessment on the environmental governance of enterprises.The results show that t......

Since the Chinese economy eutered the New Normal, the contribution rate of consumption has exceeded investment, becoming an important driving force for economic development. Due to the insufficient supply and imperfect consumption infrastructure, however, consumption growth is confronted with many constraints. On the basis of reviewing the current ......

Infrastructure connectivity is one of the cooperation priorities of the Belt and Road Initiative (BRI). The construction and improvement of infrastructure means a large amount of investment as well as lots of risks. This study tries to gauge the funding needs for the countries along the Belt and Road for infrastructure investment to maintain a rela......

Based on global data of 144 countries, this paper uses a panel data model to analyze the growth effect of capital-account opening. Furthermore, through the comparison of regressions of different income level, this paper also discusses the threshold effect and mechanism of capital-account opening. The empirical results show that, in the case of comp......

By using China Yearbook of Household Survey and CHIPS’ we measure, decompose, and test the pushing factors of rural anti-poverty’s performance. We find that the rural poverty rate fell, which benefited from the endogenous reform of land policy from 1978 to 1985, and from 1986 to 1993, China’s rural poverty rate was still falling rapidly, when ec......

This paper aims to examine the dynamic characteristics of local government debt in the economic cycle and to explore the reasons. Using the provincial panel data from 2002 to 2014 and system GMM, this paper finds that the accumulation rate of local debt is characterized by procyclicality. With each additional percentage of the output gap, the impli......