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WEI, YIGANG (2) answer(s).
 
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ID:   127772


Exploratory analysis of impediments to China's credit control on the real estate industry: an institutional perspective / Wei, Yigang; Lam, Patrick Tsun-Ip; Chiang, Yat-Hung; Leung, Barbara Yuk-Ping, Seabrooke, William   Journal Article
Wei, Yigang Journal Article
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Publication 2014.
Summary/Abstract To curb price speculations and overheated investment in the real estate market, the mainland Chinese government has determined to tighten bank lending to the market in recent years, by resorting to administrative tools through specific real estate control policy. With hindsight, the market response seems to have invalidated the policy initiatives. This research is aimed at investigating the impediments to achieving the laudable policy objectives of using administrative credit controls. A series of research interviews with property practitioners unraveled prevalent evasive practices and illicit tactics adopted by developers to thwart policy effects. This study leads to a better understanding of the institutional backdrop behind the less-than-expected results of the real estate macro-control measures. To better steer the real estate market, effective monetary control requires both the government and industry to make concerted efforts and consistent headway towards a complete, transparent and responsive ensemble of institutional arrangements.
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2
ID:   181464


Exploring public opinions on climate change policy in "Big Data Era"—A case study of the European Union Emission Trading System / Wei, Yigang   Journal Article
Wei, Yigang Journal Article
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Summary/Abstract Public awareness has an important effect on the legislation and implementation of climate change policies. Against the backdrop of the "Big Data Era," social media is an appealing and promising tool for a timely and complete understanding of public perception and attitudes towards climate policies. This paper examines the public's spontaneous attention and awareness about carbon emissions trading (ETS). Tweets related to the EU-ETS, published between 2008 and 2019, were collected for multi-dimensional analysis. Empirical results show several important findings. First, public attention on the EU-ETS has increased significantly since 2011. Second, government officials and industry practitioners have a stronger influence in the discussions than the public and industrial enterprises. Third, topic followers mostly gathered in Belgium (16.65%), the UK (11.6%), and some non-regulated countries like the US and Australia. Fourth, the public mainly focused on the policies and legislation, allowance price, and allocation. The innovation of this study rests in the development of a social media data-based research framework to examine the public's cognition of climate policies, which integrates the advantages of public social media, social network analysis, and text topic analysis. This study provides comprehensive analysis and support for climate policy implementation and public acceptance improvement.
Key Words Public Opinion  Climate Policy  EU ETS  Social Media  Public Awareness 
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