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| 1 |
ID:
071612
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| Publication |
2006.
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| Summary/Abstract |
A common perception is that China has relied on the expansion of labour-intensive industries and flooded the world market with cheap but low to medium level technology products. Although it has become the third largest exporting nation, China has failed to create a large number of big businesses that can compete with the world’s leading multinational companies (Nolan (2004)). The Chinese government has long been aware of the weakness of its development strategy and has been trying to improve its own technological capacity through investments in basic research, innovations and the application of new technologies, utility models and designs. China’s strategy on science and technology can be best described by the so-called ‘walking with two legs’ principle. The first leg is based on building up domestic research and innovative capacity. This is through investments in research institutes, universities and LMEs. China’s second leg has been to build up its technology capacity through its open policy and attracting FDI and technology. China has made significant advances in the following areas regarding science and technology.
– Research and innovative activities have been encouraged and supported by the central and regional governments.
– More research and innovative activities are encouraged in the LMEs.
– HEIs have become increasingly important for research and innovative activities.
– The export-push strategy and encouragement of FDI inflow are two important venues for importing advanced foreign technologies.
China also has a number of weaknesses in science and technology.
– Research expenditure has not kept up with economic development.
– There are not enough big businesses that are highly innovative and cannot compete effectively with the world’s largest multinational enterprises.
– China is weak in the key industries that are intensive with advanced technologies, computer software, aircraft, automobile and electrical appliances, etc.
– Most of the LMEs are state-owned and are renounced for their inefficiency and loss-making.
– China has greatly depended on foreign technologies for its economic development.
– China’s expenditures on science and technology have been low by international standards and low compared to its fast economic growth.
– China’s economic growth has been heavily dependent on investments and labour and not so much on technological progress and efficiency improvement.
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| 2 |
ID:
175575
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| Summary/Abstract |
This paper studies the effect of high‐speed rail (HSR) on urban economic growth using a panel data comprising 285 Chinese cities in 2007–2017. Combining the endogenous growth model with a difference‐in‐difference analysis, we extend the horse‐mass theory to explain how China may use HSR to avoid the so‐called middle‐income trap. The paper also examines the efficient boundaries of HSR and simultaneously studies HSR time–space compression as well as the city neighboring effects on economic growth. It is found that HSR's efficient boundaries are within the range of 200–1,200 km for provincial capitals and 50–300 km for prefecture‐level cities. HSR stimulates economic growth by approximately 0.6 percent, and the neighboring effect accounts for one‐quarter of economic growth. Three policy implications are drawn: (i) China needs to further reduce the travel times between the inland provincial cities and Beijing, Shanghai or Guangzhou; (ii) China should build a denser HSR network to maximize its economic impact on the vast majority of cities; (iii) China needs to develop some powerful economic growth centers in the inland areas to lead the development of their neighboring cities.
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| 3 |
ID:
001771
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| Publication |
London, Macmillan, 2000.
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| Description |
xx,300p.
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| Standard Number |
0312226217
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 042809 | 338.951/COO 042809 | Main | On Shelf | General | |
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| 4 |
ID:
116525
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| Publication |
2012.
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| Summary/Abstract |
A decline in the relative price of imported goods compared to that of domestically produced goods, e.g., caused by domestic currency appreciation, may have different effects on domestic consumption. Such effects may not be accurately detected and measured in a classical permanent-income model without considering consumption habit formation as pointed out by Nishiyama (2005). To resolve this problem, this paper employs an extended permanent-income model which encompasses consumption habit formation. Both cointegration analysis and GMM are used to estimate the (modified) intertemporal elasticities of substitution (IES) between imports and domestic consumption and the parameters of habit formation as well as the (modified) intratemporal elasticities of substitution (AES). We find that import and domestic consumptions are complements in China, but substitutes in Japan and Korea. Different per capita incomes and consumer behaviors between China and the other two countries are two possible reasons for different relationships between import and domestic consumptions.
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| 5 |
ID:
147614
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| Summary/Abstract |
This paper studies the dynamic relationship of China's inward and outward foreign direct investments (FDI). It first identifies the key determinants of China's outward FDI (OFDI) in 172 host countries during 2003–2009 using a partial stock adjustment model. It finds strong evidence of dynamic adjustment in China's OFDI stock with an agglomeration effect. The dynamic adjustment and agglomeration effects are stronger in “high-tech” countries than in “low-tech” ones but indifferent in host country's resource endowments and income levels. The empirical results suggest that there exists a substantial adjustment cost in China's OFDI and that China's existing OFDI stock can gradually adjust toward its long-term equilibrium level, which is not only greater but also more volatile than the actual stock. Of particular interest is that we find a strong and positive relationship between lagged inward FDI (IFDI) and contemporaneous OFDI, implying that capital outflow from China has been partially induced by the countries which have invested in China.
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| 6 |
ID:
060202
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| Publication |
Abingdon, Routledge, 2005.
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| Description |
xxvii, 271p.
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| Series |
Routledge studies in the chinese economy; no. 13
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| Standard Number |
041533196X
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 049426 | 330.951/YAO 049426 | Main | On Shelf | General | |
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| 7 |
ID:
092540
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| Publication |
2009.
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| Summary/Abstract |
China has accelerated banking reform since joining the Word Trade Organisation (WTO) in 2001. Employing a stochastic distance function approach, this paper examines bank technical efficiency and differentiates the static, selection and dynamic governance effects on bank efficiency for the 11-year period 1995-2005. The results show that bank efficiency has improved. Joint-stock ownership is associated with better performance in terms of profitability than state ownership (static effect). Strong selection effects are found for both foreign acquisition and going public reform strategies. Foreign acquisition may benefit domestic banks by efficiency gains in the long run, but privatization via initial public offerings (IPOs) appears to have only some short-term effects.
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| 8 |
ID:
068423
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| Publication |
London, Routledge, 2006.
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| Description |
xxv, 365p.
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| Series |
Routledge studies on the Chinese economy
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| Standard Number |
0415351979
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 051030 | 330.95106/CHE 051030 | Main | On Shelf | General | |
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| 9 |
ID:
053350
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| 10 |
ID:
130538
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| Publication |
2014.
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| Summary/Abstract |
As China has rapidly emerged as one of the world's largest investors abroad, there has been a hectic debate in the literature on whether its emergence as a major foreign investor may have undermined the importance of western industrialised economies, including those in the Organisation for Economic Cooperation and Development (OECD). This paper aims to investigate whether this is the case. The study uses a panel dataset covering 155 countries, including 33 in the OECD, where China had invested during 2003-09. This is by far the most comprehensive dataset of China's outward foreign direct investment (OFDI). A two-stage least squared (TSLS) regression approach is adopted for our econometric models according to an established augmented gravity model in the literature. The empirical results show clear evidence that China's OFDI displaces that of the OECD countries, but the argument that China's emergence is a 'new colonialism' is not supported as OECD countries' OFDI in resource abundant host countries, particularly that in Africa and Latin America, does not appear to have been displaced by China's OFDI.
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| 11 |
ID:
164726
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| Summary/Abstract |
High‐speed rail (HSR) has been an important driver of China's economic expansion over the last decade. Using data of 285 prefecture‐level cities over 2010–2014, this paper proposes an endogenous economic growth model to explain how and why HSR may have propelled China's economic growth by reducing the time‐space between cities. The research results show that HSR has a potent effect on urban economic growth and regional convergence. Ceteris paribus, HSR appears to have accelerated economic growth by more than 0.6 percent and the pace of regional economic convergence by approximately 2 percent per annum over the data period. Our research findings have important policy implications for the sustainability of China's economic development, backed by HSR.
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| 12 |
ID:
100344
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| Publication |
2010.
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| Summary/Abstract |
Higher education (HE) in China has been transformed from elite to mass education over the last decade due to commercialisation and funding reform. Many questions have been raised regarding the impact of HE expansion on social justice: what are the implications of the distribution of HE resources on regional inequality? How does it influence different social groups in terms of access to HE? What are the financial implications on different regions and social groups as a result of the funding reform? Based on the official data by region in 1998 and 2006, this paper aims to address these questions and describe how HE has changed over time, both spatially and inter-temporally. Our research results suggest that HE reforms have disadvantaged poor people in impoverished regions despite the availability of HE opportunities for them.
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| 13 |
ID:
095879
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| Publication |
2010.
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| Summary/Abstract |
Similarities between the US, the UK and the Chinese housing markets, including the movements of interest rates and house prices, and the exposure of some Chinese banks to the US mortgage securitization market, have triggered concern about whether China could experience a US-style credit and housing market crisis. Significant differences between China and Western economies make that unlikely in the near future. China's booming house market has been supported by fast economic growth, rapid urbanization and high domestic savings. Chinese banks have also been less exposed to mortgage defaults than their Western counterparts. However, the relative underdevelopment of the financial system-credit monitoring and asset securitization-may expose China to domestic mortgage lending-related crises.
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| 14 |
ID:
156470
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| 15 |
ID:
156442
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| Summary/Abstract |
Compared to inward foreign direct investment, outward foreign direct investment (OFDI) from China is a relatively new phenomenon. However, the volume of China's OFDI increased rapidly from 2004. There has been an increasing amount of literature on the motivations of China's OFDI, but few studies have focused on its location determinants. The present paper aims to fill this gap in the literature by focusing on two important location factors, natural resources and technology, which are the most important determinants of China's OFDI. We use a large panel dataset comprising 132 countries over the period 1991–2009 and the Tobit as well as the Heckman models to establish the relationship between the two location factors and China's OFDI. The empirical results suggest that although China's OFDI has been driven by the country's desire for a secure supply of natural resources and to attain advanced technology from the developed world, China's technology is also a critical attraction for the host developing economies.
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| 16 |
ID:
110016
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| Publication |
2012.
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| Summary/Abstract |
This paper studies the market reactions to corporate philanthropic giving in response to the 12 May 2008 Wenchuan earthquake in Sichuan, China. Based on a sample of 136 Chinese listed companies, our results indicate a significant and positive seven-day cumulative abnormal rise in the share prices of those companies making donations compared to those not making donations. Both timeliness and the amount of philanthropic giving generate significant market reactions, confirming Godfrey's assertion that corporate philanthropy can be perceived as a genuine manifestation of firms' underlying desire to raise their market values. However, when the sample firms are divided into two groups, government controlled and non-government controlled, Godfrey's assertion is challenged by our empirical results which show different market responses to the two different types of companies.
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| 17 |
ID:
047275
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| Publication |
London, routledgeCurzon, 2003.
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| Description |
xxiii, 291p.
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| Standard Number |
0415297265
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 047059 | 338.951/YAO 047059 | Main | On Shelf | General | |
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