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| Srl | Item |
| 1 |
ID:
124561
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2013.
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| Summary/Abstract |
This study employs spatial panel techniques to examine determinants of regional allocation of infrastructure investment made by the central government. Using a sample of 31 Chinese provinces over the 2001-2008 period, we derived four major empirical findings. First, there exist substantial spatial interactions of central government's investment across regions. Second, the central investment exhibits a highly persistent effect. Third, the central government attempts to balance equity and efficiency in its decision-making. Last, the political factor plays a significant role in the regional infrastructure investment.
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| 2 |
ID:
182715
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The human capital in management teams plays an increasingly important role in firms' governance and policies. We construct a comprehensive index of top management quality using a principal component analysis to empirically prove top management quality's positive impacts on corporate innovation. This study finds that higher-quality management teams tend to invest more in research and development projects and apply for more and higher-quality of patents. These results are consistent after conducting a series of robustness checks. We control for potential endogeneity using a firm fixed-effects model, the instrumental variable approach, and the propensity score-matching method. Three main channels are tested through which higher-quality top management teams will lead to higher innovation: higher tolerance for failure, easing of financial constraints, and more hiring of high-quality inventors. Finally, further analyses reveal that the positive effects of top management quality on innovation are more obvious for high-tech, state-owned, and growing enterprises.
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| 3 |
ID:
150637
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| Summary/Abstract |
In recent years, there has been a fast-growing body of literature examining energy-saving potential in relation to electricity. However, empirical studies focusing on non-Western nations are limited. To fill this gap, this study intends to examine the electricity-saving potential of rural households in China using a unique data set from the China Residential Electricity Consumption Survey (CRECS) in collaboration with the China General Social Survey (CGSS), conducted nationwide at the household level in rural China. We use a stochastic frontier model, which allows us to decompose residential electricity consumption into the minimum necessary amount of consumption based on physical characteristics (e.g. house size, house age, number of televisions or refrigerators) and estimate the consumption slack (i.e. the amount of electricity consumption that could be saved), which depends on various factors. We find that rural households in China are generally efficient in electricity saving and the saving potential is affected by (fast) information feedback and social-demographic characteristics, instead of by the (averaged) electricity price, or energy efficiency labelling signals. In addition, we find no evidence of regional heterogeneity on electricity saving potential for rural households. Policy implications are derived.
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| 4 |
ID:
132747
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2014.
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| Summary/Abstract |
Using a set of unbalanced panel data for Chinese×s cities during the period of 2006-2009, this study aims to estimate the price and income elasticities of residential demand for natural gas. Natural gas consumption is specified as a function of its own price; substitute prices; urban wages; and other supply, climate, and housing characteristics. Using a feasible generalised least squares (FGLS) technique, which controls for panel heteroskedasticity and panel correlation, we find that natural gas consumption is price elastic and income inelastic when other covariates (e.g., the supply of natural gas pipeline and heating degree days) are controlled. In addition, there are large variations in demand behaviours across China×s regions. There is a substantial income effect on demand for natural gas in southern China, whereas the northern regions are found to have a higher price effect. In addition, the substitution effect between coal and natural gas is significant in North China but is not significant in South China. These findings have several important policy implications for natural gas pricing and supply cost analysis in the context of China.
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