Government subsidies for some firms will have effects on the market entry, exit and scale of firms, result in misallocation of resource between firms, and reduce manufacturing productivity. Using data of Chinese industrial enterprises from 1998 to 2007, this paper studies the effect and micro-mechanism of misallocation caused by government subsidy ......

 
Digital economy is a more advanced and sustainable economic form. Information and communication technology (ICT), as the core technology, has played an unprecedented role in promoting the development of social economy in all aspects. This paper firstly explains the concept of digital economy based on economics, and then analyzes the social reprod......

This paper adopts the production decomposition developed by Wang et al. (2017) and data from the World Input-Output Database (WIOD) to estimate the degrees of forward and backward participation in global value chains (GVCs) in 2000-2014 by the world’s major economies including China, and to do an empirical examination on the impact that heterogene......

Based on the inter-provincial panel data from 2000 to 2014 in China, this paper applies the spatial panel simultaneousequations model to test the impact of local governments’ tax competition and industrial structure adjustment on the regional green development in China. The conclusions are as follows. Local governments’ tax competition and indust......

This paper first studies the basis and standards of customs cooperation between China and Russia, then proposes concrete measures for customs cooperation to promote smooth trade between the two countries. It is of great significance to link China’s Belt and Road Initiative with Eurasian Economic Union and regional economic integration. 
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Zombie companies have serious adverse effects on economic development. The relationship between government subsidies and zombie companies is a focus in China’s supply-side structural reform. In this paper, we classify companies into two categories: investment-constrained companies lacking investment opportunities, and fi nancing-constrained compan......

For the first time, this paper uses the operation data of 575 online P2P lending platforms to test whether investors have a strong risk awareness of online lending products. It is found that investors’ behavior shows a certain risk awareness, both for the individual risk of specific platforms and for the overall market risk of the industry. On the......

The implementation of strategic docking between Silk Road Economic Belt and the Eurasian Economic Union (the Union) is of great significance to facilitate the stable expansion of bilateral trade volume, diversification in major areas of trade, and the continual improvement of technical content level of trade products. This paper first uses the reve......

China contributes to poverty reduction in developing countries along the Belt and Road (B&R) by the way of aid and investment, taking infrastructure construction as a break through and state-owned capital as the main force. The empirical study of the B&R countries’ panel data of 2000–2017 shows that Chinese aid and investment help to reduce pover......

Under the background of growth driving force conversion, this paper examines the source of growth in the producer services sector in China with the stochastic frontier analysis (SFA) model, using provincial service sector data during 2005-2016. Research fi ndings show that (1) the total factor productivity (TFP) of producer services in China is cha......