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| 1 |
ID:
103882
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2011.
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| Summary/Abstract |
China's small farmers face increasing challenges because of land and water resource constraints and the effects of climate change. With the strengthened agricultural stimulus policies, poverty reduction and social protection programs, as well as the expanding international food trade, up to now China has achieved food security through small farm agriculture. During intensive economic restructuring, smallholders still coexist with large-sized farms and industrialized agricultural businesses, but are in a vulnerable position in market transactions. Oriented to 2050, China's agricultural development and food security policies should work to improve domestic market structure, to further release international trade control and to empower smallholders.
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| 2 |
ID:
103881
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| 3 |
ID:
103884
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2011.
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| Summary/Abstract |
This paper examines how international openness influences China's corporate environmental performance. A unique firm-level dataset is constructed by combining two databases: the Annual Industrial Survey and the China GreenWatch Program Rating System. The empirical results obtained from a series of ordered probit models indicate that openness has a positive relation to corporate environmental performance in China. However, the two main market-opening strategies in China, exporting and attracting foreign investment, have different effects on environmental performance. The results reveal that foreign investment plays a substantial and positive role that can support the environmental spillovers in China. However, the effect of exporting is insignificant. The environmental pressure from foreign customers to improve Chinese firms' environmental performance presents a challenge. Our study indicates that China could make environmental quality improvements through increased international openness, as is likely the case for other developing countries.
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| 4 |
ID:
103883
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2011.
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| Summary/Abstract |
In the present paper, we use the Markov-switching model to test the nonlinear effects of government expenditure and taxes on private consumption in China. The results show that fiscal policy in China has a significantly nonlinear effect. In years 1978-1980 and 1984-1997, the effect of government consumption on private consumption is non-Keynesian. During the same periods, the effect of taxes is also non-Keynesian, but the effect is not significant. The effect of government investment is linear but asymmetric. After retesting the reasons for the existence of nonlinear effects, we find that in China initial fiscal conditions and the magnitude of fiscal consolidations are not related to the nonlinear effects of fiscal policy. The government should pay close attention to the characteristics of commodity and labor markets to identify the conditions and regimes associated with nonlinear effects.
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| 5 |
ID:
103880
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| Publication |
2011.
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| Summary/Abstract |
The present paper evaluates the international status of the Chinese currency, the renminbi (RMB), by examining its use in the global market. Specifically, the discussion focuses on the recent developments of RMB trading in the global foreign exchange market, cross-border trade settlement in RMB, the Hong Kong offshore market and China's policies relating to the RMB. The evidence suggests that the use of the RMB overseas, especially in trade financing and in the off-shore market, has increased rapidly in recent years. However, compared with the size of the Chinese economy, the current scale of the use of the RMB is quite small. Although the RMB has great potential to become an international currency, its acceptance in the global economy is affected by both economic and political factors. Attaining a fully fledged international RMB is still a distant goal.
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| 6 |
ID:
103885
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| Publication |
2011.
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| Summary/Abstract |
The present paper attempts to combine cointegration theory and the material flow analysis approach to examine the causal relationship between resource use and real GDP in Jiangsu Province in East China. The study considers the period from 1990 to 2007. We use direct material input as the proxy variable for resource use. Our estimation indicates that real GDP and resource use are cointegrated and there is only unidirectional long-run Granger causality running from resource use to real GDP, but not vice versa. The estimation results mean that resources are a limiting factor in terms of economic growth, and, therefore, strategies should be adopted for more vigorous economic development and consistent resource use in East China. Furthermore, the novel idea and methodology involved in the present study can be readily extended to cover other regions for the analysis of the relationship between resource use and economic growth.
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| 7 |
ID:
103886
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| Publication |
2011.
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| Summary/Abstract |
As the global economy has become further integrated, the international production chain has become more sophisticated, with diversified stages of production located in different countries. Economic theorists have argued that the fragmentation of the global production chain is partly attributable to the high growth in international trade over the past several decades. In this study, we examine vertical specialization in China, Japan and Korea, and its contribution to these nations' trade. Using a multilevel model, it is illustrated that vertical specialization has encouraged increases in trade among all three countries. In particular, China's outcome is remarkable considering how recently it became a member of the WTO.
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