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| 1 |
ID:
176585
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| Summary/Abstract |
This paper examines the effects of imports and exports on China's PM2.5 pollution using data from 31 provinces during the period 2001–2016. At the aggregate level, our analysis shows that exports have a pollution‐generating effect while imports have a pollution‐shifting effect on provincial PM2.5 pollution. Cross‐sectional analysis reveals that imports and exports exhibit opposite effects on manufacturing and high‐tech industries, but demonstrate the same pollution‐generating effect for the heavy industry sector. At the regional level, the effects are similar to those at the aggregate level. We also examine the impacts of other factors on PM2.5 pollution. Our empirical evidence shows that PM2.5 pollution is positively correlated with domestic sales, population density, economic growth, urbanization rate, and transportation, but negatively correlated with energy efficiency and industry structure. This paper suggests that reducing exports and increasing imports will help to reduce PM2.5 pollution.
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| 2 |
ID:
176589
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| Summary/Abstract |
Policymakers in developing countries have prioritized the mass expansion of vocational education and training (VET). This study examines whether the quality of VET in developing countries increases by investing greater resources per student. To achieve this goal, we examine the impacts of attending model schools (which have far more resources per student) on a range of student cognitive, non‐cognitive, and behavioral outcomes. Using representative data from a survey of approximately 12,000 VET students from China, multivariate regression and propensity score matching analyses show that attending model vocational high schools do not benefit student outcomes, despite their substantially greater resources.
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| 3 |
ID:
176588
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| Summary/Abstract |
This study examines the impact of China's public health insurance program on the farm employment decisions of the rural population. Using a difference‐in‐differences (DID) model, this study indicates that the public health insurance reform led to reallocation of the rural labor force out of the farm sector by reducing the farm employment and increasing the likelihood of rural residents working in both the farm and nonfarm sectors. This research finds that rural female residents who are of a younger age and in better health were more likely to leave farm employment when covered by public health insurance. Suggestive evidence also finds that such public health insurance reform increased the individual income of the farm population.
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| 4 |
ID:
176586
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| Summary/Abstract |
Using panel data from 31 provinces in China, covering the period from 2003 to 2017, this article analyzes the threshold effect of factor price distortion on the technological content of exports. The results show that factor price distortion does not necessarily impede improvement in the quality of the technological content of exports. Instead, the adverse effect can be weakened when the value of per capita GDP is higher than RMB13,154 or the value of FDI goes beyond RMB480.9 billion. This is because a high regional economic development level alleviates the adverse effect of factor price distortion on the technological content of exports. Our results are robust when the dependent variable and sample years are changed. This article also addresses the endogeneity issue. We also consider the underlying mechanism through which factor price distortion affects the technological content of exports.
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| 5 |
ID:
176587
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| Summary/Abstract |
This paper focuses on volatility spillover effects and considers the issue of how to measure the connectedness of networks among financial firms. To assess the network connectedness of firms from different industries, we proposed a novel procedure and applied it to 20 leading financial institutions from four industries in China's stock markets. The results show that the total connectedness of the Chinese financial system was much higher during the stock market crisis between June 2015 and February 2016 than during stable periods of economic development. This analysis can be used to determine which firms play a dominant role in risk transmission throughout the entire system. It is suggested that the government should provide targeted regulatory policies to particular types of firms.
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| 6 |
ID:
176584
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| Summary/Abstract |
The decoupling policies enforced by the Trump Administration aim to break the US economic relationship with China. Those policies, however, are escalating strategic costs for the US in at least three unanticipated ways: the decoupling policies are losing the endorsement of US multinational corporations, undermining the solidarity of the US and its allies, and making supply chains more likely to disengage from the US than to disengage from China. We argue that the ongoing decoupling policies are costing more than the US can bear and will end in vain. If the Trump Administration enforces further decoupling policies without considering those implicit costs, it will only set the US up for a more expensive failure.
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