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| Srl | Item |
| 1 |
ID:
100753
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| Publication |
2010.
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| Summary/Abstract |
On explaining regional differences, the current literature emphasizes the difference in factor accumulations. This paper suggests an additional possibility that regions may differ in parameter values in their production functions. In terms of the Cobb-Douglas production function, regions may differ in the share of capital in income. Using the province-level data in China, this paper shows that capital shares have a very significant and positive effect on per capita GDP. In particular, the differences in production functions explain 46.6% of the difference in per capita output between the East region and West region in China. Further, using the firm-level data, we show that the differences in regional production function are likely due to different industry compositions.
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| 2 |
ID:
193214
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| Summary/Abstract |
In 2005, the Chinese government deployed a new financial instrument to accelerate technological catch-up: government guidance funds (GGFs). These are funds established by central and local governments partnering with private venture capital to invest in state-selected priority sectors. GGFs promise to significantly broaden capital access for high-tech ventures that normally struggle to secure funding. The aggregate numbers are impressive: by 2021, there were more than 1,800 GGFs, with an estimated target capital size of US$1.52 trillion. In practice, however, there are notable gaps between policy ambition and outcomes. Our analysis finds that realized capital fell significantly short of targets, particularly in non-coastal regions, and only 26 per cent of GGFs had met their target capital size by 2021. Several factors account for this policy implementation gap: the lack of quality private-sector partners and ventures, leadership turnover and the inherent difficulties in evaluating the performance of GGFs.
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| 3 |
ID:
182772
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| Summary/Abstract |
This paper estimates the effect of the “selective two-child” policy (The “selective two-child” policy allowed couples to have two children if one member of the couple was an only child (1-OC family)). on the resource allocation between generations amongst urban households in China by referring to the nationally representative China Household Finance Survey (CHFS). The results of propensity score matching (PSM) and difference-in-difference (DID) show that the total and per capita expenditures on children education are reduced significantly after the implementation of the “selective two-child” policy, testifying to the quantity-quality trade-off of children in Chinese families. Nevertheless, the financial support for the elderly not living in the household does not decrease, suggesting no intergenerational competition. Furthermore, the total and per capita expenditures for the qualified families decreased significantly, which indicates that the loosening of fertility policy may lead to new-oriented and unintended precautionary saving motives.
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