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The article discusses the Chinese Economists Society North America Annual Conference held at University of Alabama in Tuscaloosa, Alabama on March 10 to 11, 2017. The keynote speakers including professors Yang Yao, Kevin Huang, and Yiping Huang are mentioned. It presents an introduction in which the editor discusses articles in the issue on topics including economic stimulus, business profitability, and business cycles.

Between 1765 and 1767 Quesnay published Droit naturel and Despotisme de la Chine. I show that these texts are strongly related. I study their various versions and editions, some of which were previously poorly known, and attempt to evaluate their readership. I uncover a lost manuscript and neglected sources of Despotisme de la Chine which help to clarify various points about the text. It is shown that it was finished most probably well before the end of 1766. Its economic contents are briefly described, whether they are similar to other writings of Quesnay or seem to alter his doctrine. It is suggested that Despotisme de la Chine was read by Adam Smith and that he took from it many lines on China found in Wealth of Nations. The paper ends with a proposal of a new edition of Droit naturel and Despotisme de la Chine. [ABSTRACT FROM AUTHOR]

This paper examines the consequences of the hugely successful expansion of South-South Cooperation since the new millennium. For all the achievements, variations and change over the 1950s-late 1990s, 'SSC 1.0' was characterised by relative neglect within the 'international' development community, and by many orthodox and critical scholars. In the chronological schema of the paper, 'SSC 2.0' refers to the period of remarkable expansion from the early 2000s to the present. The emergence of 'SSC 3.0', I suggest, is currently revealed by a discernible set of shifts driven in large part by the expansionary successes of SSC 2.0, as well as other turns in the global political economy. Three contemporary trends are identified: cooperation narratives that are increasingly 'muscular', nationalistic and pragmatic; difficulties sustaining claims to 'non-interference' in partner countries; and the further erosion of ideational and operational distinctiveness. [ABSTRACT FROM AUTHOR]

Copyright of Journal of China Tourism Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The purpose of this paper is to investigate the link between culture, history, government policies and the development of economic institutions. Specifically, the paper discusses the impact that history and culture, including the influence of Confucianism, have played in shaping the economic institutions of South Korea and the People's Republic of China. Research results indicate that culture, history and government policies all played a role in shaping the organizational structure of these two East Asian nations. However, China's economic landscape is dominated by small and medium-sized, family-oriented firms, particularly in the rural parts of the country. The South Korean economic landscape, on the other hand, is dominated by large conglomerate firms called Chaebols which are also dominated by one family. [ABSTRACT FROM AUTHOR]

This paper aims to build a theoretical framework for the influence of risk awareness of interpersonal trust (RAIT) on entrepreneurship, and explores the influence of RAIT on entrepreneurship with the micro survey data from the Chinese General Social Survey (CGSS) 2010-2013. The study found that, individuals with higher level of RAIT, their probability of starting new business will increase significantly, and with every increase of RAIT level, the probability of business venturing increase almost 4.0%. No mediation effects of information screening and cooperative mechanism are found in the relationship between RAIT and entrepreneurship. Moreover, during the venturing process, risks accompanying interpersonal trust cannot be reduced by social input; the reduction occurs only in eastern China where the economic system and the industrial development standards are more comprehensive and mature. This paper contributes to the literatures in the following two areas: it provides new evidence on how to deal with risks in the entrepreneurship process that accompanying interpersonal trust; meanwhile, it provides an explanatory mechanism on how the risk awareness affects business venturing. [ABSTRACT FROM AUTHOR]

How do states pursue industrial policies in the context of China's rise? Examining Indonesia and Malaysia's mineral processing sectors, we argue that these countries illustrate two different pathways that states take to bolster their industrial policies. Indonesia has followed the leading sector strategy to increase domestic nickel processing capacity and decrease reliance on resource exports. Chinese firms and the Indonesian government built the Indonesia Morowali Industrial Park to house nickel smelters, fostering a new leading sector. Chinese capital in smelting follows what Albert Hirschman has called 'intermediate investments', maximising forward and backward linkages across the Indonesian economy. In contrast, Malaysia has followed the dual economy strategy, where semi-finished goods are imported and assembled into finished ones to be exported abroad. Chinese firms and the Malaysian government established the Malaysia–China Kuantan Industrial Park to import, process and export steel products. However, due to the dual economy strategy, the industrial park impairs the activities of domestic steelmaking companies and inhibits the potential build-up of smelting capacity. In sum, through an examination of an industrial park in each country, our paper connects the literatures on industrial policy and Chinese capital. [ABSTRACT FROM AUTHOR]

This paper presents an empirical analysis of hierarchical tendencies and functional patterns in the development of Mainland China’s space-economy by operationalizing the concept of “megaregions.” Drawing on the burgeoning literature on megaregions, we first argue that under conditions of economic globalization the megaregion concept does indeed present an effective tool to study the spatial agglomeration of the key components of China’s economic development. Second, we analyze the development status and the key functional characteristics of 16 prospective Chinese megaregions by constructing an index system consisting of 5 functions and 36 indicators. Third, we calculate an entropy index to rank megaregions according to their overall development status and reveal functional differences by applying cluster analysis. We find that the Yangtze River Delta, Beijing–Tianjin–Hebei Metropolitan Area, and the Pearl River Delta stand out, identify different varieties of megaregions according to their dominant functional characteristics, and explore the main policy dimensions of the persistent west–east divides observed. The paper is concluded with a discussion of potential avenues for future research. [ABSTRACT FROM PUBLISHER]

Copyright of Regional Studies is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper empirically examines the effect of nontax revenue on demands for luxury hotels in China where the strict public financial supervision is not well-established. Results indicate the nontax revenue significantly influences luxury hotel demands across the country and that government demands have crowding out effect on private demands for luxury hotels, all of which appear more salient in Chinese underdeveloped areas with more severely deficient public financial supervision. [ABSTRACT FROM PUBLISHER]

The current China–US trade war that started in early 2018 has been the largest of this kind in the global market in the past half century, if not longer. Many speculations about the reasons for and progress and potential implications of the trade war emerge. Countries must understand the reasons for the war to avoid future trade wars. Predicting what will happen in the near future and the related economic consequences are even more important for people (including businessmen and government policymakers) to prepare for them and make corresponding decisions. However, endeavouring to predict is a tough job. This paper tries to provide an unbiased analysis through the lens of the trade literature. That is, we want to ask how much we can understand the current trade war on the basis of the accumulated knowledge we can obtain from our profession. Related theories include imperfect competition, increasing returns, terms of trade argument, distributional effects and political economy argument. [ABSTRACT FROM AUTHOR]

This paper examines both the traditional and the modern aspects of the lilong, traditional low-rise row houses adapted from the Western tradition to accommodate the families of Chinese workers from the beginning of the Treaty Port era in the late 19th century to the establishment of the People's Republic in 1948. The paper aims to redefine the abstract concept of the lilong, arguing for their potential to be rethought as a typology of low-medium rise-high density (LMRHD) housing today. In particular, the paper delivers a practical answer to a conceptual question: how does lilong provide the dwelling identity of Shanghai, China, taking into account its form, meaning, and culture? The emergence of both lilong and Western modern housing is rooted in a crisis of space and the economic drive of modern cities. Lilong architecture and the normative living programme embedded in the typology of modern housing have been proper development housing strategies in modern Shanghai. By closely examining both the physical and community aspects that make lilong a mediating agency between Chinese locality and Western modernity, the paper presents the assumption that the architecture of lilong does not confine itself to certain forms or physical configurations; instead it is an “abstract concept” of an urban neighbourhood - the spatial organization, architectural practicality, casual formation of semi-private space, and community lane-life - a concept that should be taken into account for the design of urban housing today. The redefinition of lilong is a conceptual idea that will serve as a point of departure for the last part of the paper: a discussion of the possibility to develop this housing strategy for today's situation. This paper also presents the preliminary strategies for the designing of the new LMRHD housing. [ABSTRACT FROM AUTHOR]

The rise of China as an economic and political 'driver' of the global economy may presage a new phase of globalization. This paper postulates the emergence of this new phase - a 'Global-Asian Era' (GAE) - as a 'working hypothesis'. It suggests that such an era is likely to be distinct from any of the earlier phases of globalization, and China's global footprint, in terms of its business, economic and political actions and their geopolitical implications, is likely to be markedly different from what has gone before. The paper sketches the reasons for these differences before turning to a discussion of the nature and dynamics of a possible future GAE. Paying particular attention to the developing world, the paper then explores some of the evidence that could be marshalled in support of the hypothesis. It outlines a series of vectors (trade, aid and energy security) along which it is possible to discern some of the ways in which an emergent GAE could be seen as impacting on the developing world. The paper argues that, at least for these vectors, a China-driven GAE is likely to provide dangers as well as opportunities for national development projects. [ABSTRACT FROM AUTHOR]

Gender norms, roles and relations differentially affect women, men, and non-binary individuals' vulnerability to disease. Outbreak response measures also have immediate and long-term gendered effects. However, gender-based analysis of outbreaks and responses is limited by lack of data and little integration of feminist analysis within global health scholarship. Recognising these barriers, this paper applies a gender matrix methodology, grounded in feminist political economy approaches, to evaluate the gendered effects of the COVID-19 pandemic and response in four case studies: China, Hong Kong, Canada, and the UK. Through a rapid scoping of documentation of the gendered effects of the outbreak, it applies the matrix framework to analyse findings, identifying common themes across the case studies: financial discrimination, crisis in care, and unequal risks and secondary effects. Results point to transnational structural conditions which put women on the front lines of the pandemic at work and at home while denying them health, economic and personal security – effects that are exacerbated where racism and other forms of discrimination intersect with gender inequities. Given that women and people living at the intersections of multiple inequities are made additionally vulnerable by pandemic responses, intersectional feminist responses should be prioritised at the beginning of any crises. [ABSTRACT FROM AUTHOR]

Copyright of Regional Studies is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Ethnic networks constitute a form of social capital and are central to the success of many ethnic Chinese entrepreneurs in Southeast Asia. The paper elucidates how such ethnic networks come to be formed and how they may create value through entrepreneurship. The findings suggest that ethnic networks can be an enabler of business cooperation but have problems stemming from an essentially dual nature that balances the benefits of such cooperation against tensions from self-interest, opportunism and covert dealings. These rarely described opportunistic characteristics are derived from the distinct historical background of ethnic Chinese business in Southeast Asia. The paper advances the existing concept of ethnic Chinese business networking by showing empirically, the workings of a case of the normally intricate phenomena. Three propositions for theory are also developed that highlight implications of the opportunism, and the rules of the game in which human capital is being used. [ABSTRACT FROM PUBLISHER]

The China National Tobacco Corporation (CNTC), which produces one-third of the world’s cigarettes, is the largest tobacco company in the world. Over the past 60 years, the CNTC has been focused on supplying a huge domestic market. As the market has become increasingly saturated, and potential foreign competition looms, the company has turned to expansion abroad. This paper examines the ambitions and prospects of the CNTC to ‘go global’. Using Chinese and English language sources, this paper describes the globalisation ambitions of the CNTC, and its global business strategy focused on internal restructuring, brand development and expansion of overseas operations in selected markets. The paper concludes that the company has undergone substantial change over the past two decades and is consequently poised to become a new global player in the tobacco industry. This article is part of the special issue ‘The Emergence of Asian Tobacco Companies: Implications for Global Health Governance’. [ABSTRACT FROM PUBLISHER]

This paper has established the computable general equilibrium (CGE) model to analyze the effect of carbon tax policy on energy consumption and CO2emission in China. The analysis shows that with the increase of CO2mitigation, the level of carbon tax will gradually increase; meanwhile the ad valorem tax rates of coal, petroleum, and natural gas go up as well, and the coal tax rate is the highest among them. In addition, with the increase of CO2emission reductions, the demand for coal, petroleum, natural gas, and thermal power will totally decrease. The demand for coal will drop significantly. The main factor responsible for China’s CO2mitigation is coal. Moreover, the sectors of coal, heavy industries, thermal power, light industries, natural gas, and transportation contribute more to CO2emission reductions, while the other sectors contribute less. [ABSTRACT FROM PUBLISHER]

This paper examines the impact of openness on financial development in China. We use two sets of indicators of financial development to distinguish size and efficiency for both bank and capital market sectors as aspects of financial development in 30 provinces of China over the period from 2000 to 2009. The empirical results suggest that trade and financial openness exert positive impact on financial efficiency but negative impact on the size of financial development for both the indirect and direct financial sectors. The results confirm a mismatch problem between the distribution in the types of trading companies and the allocation of financial resources in China. [ABSTRACT FROM PUBLISHER]

Building upon recent research into the underestimation of China’s official final consumption expenditure, this paper investigates the quality of China’s investment data. We strictly follow the official method to estimate the annual gross fixed capital formation (GFCF) expenditure from 2004 to 2012, and the resulting figures are significantly different from the official statistics. This implies that the ‘total investment in fixed assets’ data, which are the primary source for the estimation of GFCF, grossly exaggerate actual investments, and that the official GFCF figures are not, strictly speaking, independently estimated, as they are purported to be. We deduce that the official gross capital formation figure is more or less a residual item obtained by subtracting final consumption and net exports from the official GDP figure that is calculated based on the production-cum-income approach. As a result, the underestimation of China’s consumption expenditure automatically translates into overestimation of investment expenditure. We conclude that China’s official consumption and investment statistics cannot be trusted as the basis for policy discussions and academic research. [ABSTRACT FROM PUBLISHER]

This paper examines the inter-group difference in social leverage ties between Uyghurs and Han Chinese in Ürümchi, China. Social leverage ties refer to high-status ties such as professionals and managers who can provide egos with information or access to education, training, employment, etc. Existing studies have suggested three hypotheses (i.e. retention of culture, homophily and neighbourhood poverty) for the mechanisms of ethnic differences in network composition. Based on the survey data the author collected in 2005, this paper suggests another main mechanism – state policies – in explaining the ethnic variations. State policies have led to in-group association and ethnic inequalities, which have limited Uyghur access to high-status individuals. Data analysis shows the Uyghur–Han difference in social leverage ties controlling for key background characteristics. [ABSTRACT FROM PUBLISHER]

This paper revisits China's recent experiences of hosting three international mega-events: the 2008 Beijing Olympic Games, the 2010 Shanghai World Expo and the 2010 Guangzhou Asian Games. While maintaining a critical political economic perspective, this paper builds upon the literature of viewing mega-events as societal spectacles and puts forward the proposition that these mega-events in China are promoted to facilitate capital accumulation and ensure socio-political stability for the nation's further accumulation. The rhetoric of a ‘Harmonious Society’ as well as patriotic slogans are used as key languages of spectacles in order to create a sense of unity through the consumption of spectacles, and pacify social and political discontents rising out of economic inequalities, religious and ethnic tensions, and urban–rural divide. The experiences of hosting mega-events, however, have shown that the creation of a ‘unified’, ‘harmonious’ society of spectacle is built on displacing problems rather than solving them. [ABSTRACT FROM AUTHOR]

In China, debates about higher education finance led to the introduction of a cost-sharing model, whereby students were required to pay tuition fees, over a decade ago. However, there is still significant resistance towards such a system within the broader society. In order to share insights into the development of the cost-sharing policy in China with international readers and scholars, this paper thoroughly reviews the origins, impact and challenges of the cost-sharing system in Chinese higher education. Based on systematic analysis, the paper recommends reforms to the cost-sharing system in order to contribute to a stronger financial foundation for the development of the Chinese higher education system. [ABSTRACT FROM AUTHOR]

This paper provides an analysis of the relative significance of various methods of acquiring tacit knowledge within the Chinese optical fibre and cable industry. The paper contributes to the definition, understanding and investigation of tacit knowledge using firm-level data in a developing country context, helping to complete a gap in the existing broader literature on technological learning. The research suggests that in industries where tacit knowledge is a more important component of technological learning than codified knowledge, internal R&D activities and domestic peers are important knowledge sources. Additionally, universities are shown to be an important asset in creating learning organisations and provide effective knowledge sources of both tacit and codified knowledge. However, imports of equipment and licensing are a less effective learning channel in the acquisition of tacit foreign technology. [ABSTRACT FROM PUBLISHER]

In this paper, the news aggregator Google News is used to assess the impact of worldwide news on the volatility of the Chinese stock market. Although we find a strong link between the global stock market volatility and the amount of stock market-related news available worldwide, the link between the Chinese stock market and the same set of worldwide news is found to be much weaker. Diverging patterns for (domestic) A shares and (international) B shares lead us to conclude that the direction of causality most likely is from news volumes to volatility and not vice versa. [ABSTRACT FROM AUTHOR]

The development of professional social work in Hong Kong can be traced back to the 1960s. Similar to development of the profession in other countries, it began with social work education, and then later grew in response to the ever-changing environment. This paper will first highlight the history of the social work profession, and then outline the present situation of social work in Hong Kong. Following the introduction of managerial reform, social workers have encountered many changes. Although the image of social workers is positive in general and service quality is being monitored, morale is negatively affected. The paper addresses the major challenges that social work in Hong Kong is currently facing: implementation of the Lump Sum Grant system and capacity building through continuing professional development. Research shows that social workers are dissatisfied with the Lump Sum Grant system, and that this system demoralizes social workers. The paper also argues that compulsory continuing professional development is needed for capacity building and to promote resilience among social workers, in order both to strengthen the profession and to safeguard the interests of service recipients. [image omitted] [ABSTRACT FROM AUTHOR]

After more than a decade of preparation, China finally passed the Anti-Monopoly Law (AML) on 30 August 2007. This paper examines the debate over whether or not administrative monopoly should be included in the ambit of the AML, which took place throughout the drafting process of this new law. Administrative monopoly refers to the abusive use of administrative power by government agencies to engage in monopolistic activities. Owing to the administrative nature of this type of monopoly, the intent to regulate it by an economic law, such as the AML, has stirred up much controversy. Having analyzed the arguments both in support of and in opposition to the inclusion, this paper suggests the need to adopt a more comprehensive scheme in tackling administrative monopoly. Also, the enforcement mechanism of the AML will have to be strengthened in order to prevent this new law from degenerating into 'a toothless tiger'. Furthermore, the competition law regime of China will benefit from in-depth research in overseas anti-monopoly practices. In particular, the experiences of the former socialist states in Europe should be taken into account, given that they are similarly undergoing the transition from a planned economy to a market economy. [ABSTRACT FROM AUTHOR]

This paper applies a budget standards approach to develop budgets for households with children living in rural China and uses them to estimate the costs of children. The budgets and the child-cost estimates cover all areas of household spending and vary with household size and the age and number of children. The research was conducted in Funan County, Anhui Province, and has been guided and informed by local data and the advice, information, and feedback obtained from a series of focus group discussions with parents. Different methods have been used to set a lower-bound on the costs of children that includes those items only consumed by children, and a comprehensive estimate that covers all costs incurred by the household. The lower-bound estimates vary between 265 and 303 yuan per month per child, while the comprehensive estimates vary between 366 and 435 yuan per month per child. Even after adjusting the cost estimates to allow for home-produced food, the cash costs of children far exceed existing income support (wubao) benefits, suggesting that these benefits are not adequate to support the needs of orphaned children living in rural China. [ABSTRACT FROM AUTHOR]

When the research on which this paper is based began in late 2001, the working title was "Major Adversities Confronting China's Continued Rapid Economic Growth." Recognizing the frequently neglected but nonetheless important function of book titles, and after consultation with publicists both within and outside RAND including colleagues in China, the author and collaborators changed the book's title to the perhaps more appealing one affi xed to this paper, as well. 1 The term "fault lines" refers to adversities, vulnerabilities, and obstacles to sustained economic growth, and these words are used synonymously in this paper. [ABSTRACT FROM AUTHOR]

In financial studies, environmental stimuli such as sunshine, temperature, and daylight are often used as proxies for people's collective mood swings to test their effects on the stock market. China has experienced serious air pollution problems in recent years, and Chinese public awareness of air pollution has soared. In this paper, we use China as a natural experiment to investigate the effect on stock returns of depressed moods induced by air pollution. Daily air-pollution data from 2005 to 2014 are analysed and the results obtained from the empirical research show that a contemporaneous negative and a two-day lagged positive relationship exists between air pollution levels and stock returns over this time period. The relationship is mediated by the influence of air pollution on investment decisions. The results also indicate that the effect is weakened for companies that protect air quality, but no stronger effect is detected for polluting companies. The findings imply that air pollution is a behavioural factor with some connection to stock returns in China. [ABSTRACT FROM AUTHOR]

China’s move towards a new normal has been motivated by domestic factors and accelerated by the decline in export opportunities to developed countries. This decline, combined with the knock-on effects of China’s growth adjustments, is disrupting the favourable external environment that made developing countries’ export-led development strategies viable. This paper concentrates on a rebalancing of developing countries’ growth strategies towards a greater weight of household consumption as a potential alternative and discusses three challenges – market size, domestic purchasing power and balance-of-payments constraints. Concentrating on the latter, it analyses changes in sectoral compositions of consumer demand and patterns of international trade. Results point to the risk that a shift in growth strategy causes an import surge. The paper’s findings indicate the scope and speed of required product innovation that would prevent a rebalancing of growth strategies towards a greater role of consumption from running into balance-of-payments constraints. [ABSTRACT FROM PUBLISHER]

China's recent economic growth and global expansion have been analysed and discussed from many different perspectives over the last decade. However, the positive aspects of its growth have concealed several crucial demographic and labour market characteristics which threaten to derail its future prosperity. Thus, whilst economic growth has stimulated labour demand, the future supply of skilled labour is seriously threatened by the confluence of four key factors - namely, a rapidly ageing workforce, declining fertility levels, the adverse impacts of the one-child policy, and a flawed education system. Consequently, this paper illustrates the implications of these challenges, analyses their antecedents and consequences, and provides a series of remedial recommendations for government, industry and future researchers. [ABSTRACT FROM AUTHOR]

This paper argues that whilst the relationship between US consumerism and China's low-wage production has underpinned China's economic growth in recent years, policy-makers are increasingly cognisant of heightened internal and external vulnerabilities, namely increased domestic social unrest and downturns in US demand. Despite calls for increased domestic consumption, opinion remains divided as to the extent to which policy-makers will make a genuine departure with China's export-orientation. This paper argues, however, that the direction of the Chinese political economy will depend much on the transformative role of workers’ struggles. Placed in a broader north-east Asian comparative perspective, we argue that China appears to be on the verge of a transition towards a limited labour supply, as evidenced in increasing labour shortages, rising wages costs and new forms of labour unrest. An in-depth case study of the strike at Nanhai Honda in 2010 suggests that China's migrant workers are beginning to develop a class consciousness and move from reactive to proactive demands. Furthermore, the response of the Chinese state and employers has shifted from one of outright repression to one of accommodation. These trends are likely to be highly significant in terms of China's uneven integration into the global economy. [ABSTRACT FROM PUBLISHER]

This paper examines the impact of the Hoa, an ethnically Chinese, economically dominant minority, on regional economic development in Vietnam. To address the endogeneity of the geographical distribution of the Hoa, we use an important historical episode: the rapid deterioration in Sino-Vietnamese diplomatic relationship that led many ethnic Chinese to flee abroad, particularly to the refugee camps in the Guangxi province of China, in 1979. We find that the effects of proximity to the refugee camps on the share of ethnic Chinese in 1989 were more pronounced for provinces that had a larger presence of the ethnic Chinese population in 1979. We also find strong correlations between the 1989 share of ethnic Chinese (instrumented) and contemporary indicators of economic performance. The results suggest that the ethnic Chinese minority had positive economic impacts on Vietnam’s regional economies and that the post-Vietnam War exodus of ethnic Chinese was likely to have had long-term negative economic impacts. [ABSTRACT FROM AUTHOR]

Rapid globalization has resulted in increased competitive pressures. The entry of foreign firms in a host economy increases the level of competition faced by not only the domestic firms but also the existing foreign firms. We argue that domestic firms, especially in developing countries, respond to this situation by increasing their research and development (R&D) spending, whereas the foreign firms decrease their R&D spending. By making use of firm-level panel data from China's manufacturing sector, over the period 2005–2007, this paper investigates the impact of the entry of foreign firms on R&D behaviour of domestic and foreign firms. Empirical analysis, based on Tobit and Instrumental Variables Tobit regression, reveals that foreign entry increases the R&D intensity of domestic firms but its impact on R&D intensity of foreign firms is negative. The estimated results are found to be robust across balanced and unbalanced panels. [ABSTRACT FROM AUTHOR]

This paper revisits the relationship between energy consumption and economic growth in the case of China using an autoregressive distributed lag (ARDL) bounds testing procedure for the period from 1952 to 2008. The results suggest that energy is one of the engines of growth in China, along with labor, capital, and international trade. In particular, a 1 percent increase in energy consumption leads to a 0.17 percent increase in gross domestic product. In addition to energy consumption, results also suggest that labor, capital, and international trade are also important factors stimulating China’s economic growth. [ABSTRACT FROM PUBLISHER]

In this paper, we outline China's imported inflation via global commodity prices. We show that the prices of China's imported commodities are strongly related to global commodity prices. Meanwhile, the final goods prices from upstream industries are strongly influenced by global commodity prices. However, this effect is partially offset by the production process-that is, the final goods prices in downstream industries are generally less affected by global prices. This indicates that China's commodity market has a close link with global commodity markets. Therefore, high global commodity prices generally squeeze profits in China's downstream industries; upstream industries generally benefit from high global commodity prices. [ABSTRACT FROM AUTHOR]

This paper uses a formal model to analyze the effects of political military competition among states on the size and composition of state. Great economies of scale in warfare, even distribution of military capability among contestants and greater value of contested resources generate higher level of military capacity and growth of government. If there is decreasing return to scale in state revenue generating function and provision of public intermediate inputs, then there will be an increasing size of civilian public sector relative to that of military. The paper finally studies how waves of military revolutions affected international political military competition and the size and composition of government in history. [ABSTRACT FROM AUTHOR]

The rise of China’s export-oriented apparel industry since the 1990s has been driven largely by global sourcing practices intent on capturing the cost advantages of a development model predicated, in part, on unskilled or semi-skilled migratory labour flows, linking western and central labour pools to coastal production sites. Until recently, the dominance of this model has fuelled growth in low-wage employment in the coastal regions and has provided few opportunities for economic and social upgrading. Since the early 2000s, coastal factories have increasingly had to confront difficulties generated by the increasing social and economic costs of this regionally concentrated low wage growth model. Specifically, this paper focuses on the role of the apparel industry in this process. It documents the major changes in organisation and geographies of economic activity in the industry, and demonstrates how the central and local state, domestic and international capital and Chinese and other Asian workers are shaping the changing organisation and geography of China’s apparel industry. The paper focuses particularly on firm strategies and state policies that have arisen in response to pressure to increase wages from workers, rising materials and energy costs and competition from other low-cost producers in Asia. [ABSTRACT FROM PUBLISHER]

This paper surveys constructivist scholarship in the study of international political economy (IPE) in China. Chinese scholars in the field of IPE have until recently rarely used constructivism as an approach to study IPE for two reasons. The first, like Western IPE, is the short history of constructivism as a theoretical perspective. The second, unlike Western IPE, stems from the long-standing dominance of Marxism, China's official state ideology, in the academic field. In China, Marxism's materialist core shapes the basic research questions of IPE. Unsurprisingly then, constructivist analysis is quite alien to the dominant intellectual discourse in China. Nonetheless, of late, more Chinese scholars have begun to apply constructivist analysis. This paper surveys these developments and is divided into three sections. The first section provides an overview of how Chinese Marxist scholars approach the major issues of IPE as they relate to China. The second section provides an overview of the work of liberal-minded Chinese scholars who work on major IPE issues, another counterpoint to the Marxist school. The third section, which is the major focus of this paper, examines how Chinese scholars have applied the constructivist concepts to study major IPE issues in the Chinese context. [ABSTRACT FROM PUBLISHER]

China’s defence expenditure has been growing rapidly along with GDP growth during the past two decades. Meanwhile, the income gap has continued to increase. There are conflicting views regarding whether the defence expenditure is capable of reducing income inequality. Therefore, this paper investigates the existence of any spillover effect of defence expenditure on income inequality, with a special focus on the regional differences among 31 provinces and 7 military regions in China. We extend panel cointegration and the impulse response function by using panel data during the period of 1997–2012. The empirical results show that the defence expenditure has an impact on income inequality, and the effect varies over different regions in China. The defence expenditure has a spillover effect on income inequality in the full sample panel and the southeastern panel. An increase in the defence expenditure does not crowd out social welfare spending due to the high level of economic development and government expenditure. On the contrary, in the northern panel, the effect is opposite because of the unbalanced economic development levels within the panel. Beijing as the capital of China, benefits more from the expansion of defence expenditure thus widening the income gap. In addition, the impulse response analyses further confirm a stronger effect of the defence expenditure on income inequality in the northern and the southeastern panels over a short period. [ABSTRACT FROM AUTHOR]

Huang L., Liu X. and Xu L. Regional innovation and spillover effects of foreign direct investment in China: a threshold approach, Regional Studies. Using a data set on twenty-nine Chinese provinces for the period 1985–2008, this paper establishes a threshold model to analyse the relationship between spillover effects of foreign direct investment (FDI) and regional innovation in China. There is clear evidence of double-threshold effects of regional innovation on productivity spillovers from FDI. Specifically, only when the level of regional innovation reaches the minimum innovation threshold will FDI in the region begin to produce positive productivity spillovers. Furthermore, positive productivity spillovers from FDI will be substantial only when the level of regional innovation attains a higher threshold. The double threshold divides Chinese provinces into three super-regions in terms of innovation, with most provinces positioned within the middle-level innovation super-region. Policy implications are discussed. Huang L., Liu X. et Xu L. L'innovation régionale et les retombées de l'investissement direct étranger en Chine: une façon de seuil, Regional Studies. Employant un ensemble de données pour vingt-neuf provinces en Chine sur la période de 1985 à 2008, cet article cherche à construire un modèle de seuil afin d'analyser le rapport entre les retombées de l'investissement direct étranger (IDE) et de l'innovation régionale en Chine. Tout indique que l'innovation a des effets de seuil à deux degrés sur les retombées de productivité de l'IDE. Notamment, l'IDE régional ne va produire des retombées de productivité positives qu'au moment où le niveau de l'innovation régionale atteint le seuil d'innovation minimum. En outre, les retombées de productivité positives de l'IDE ne seront importantes que si le niveau de l'innovation régionale atteint un seuil plus élevé. Quant à l'innovation, le seuil à deux degrés divise les provinces chinoises en trois grandes régions, dont la plupart sont situées au sein de la grande région de rang moyen pour l'innovation. On discute des implications pour la politique. Investissement direct étranger?Retombées de productivité?Innovation régionale?Modèle de seuil?Chine Huang L., Liu X. und Xu L. Regionale Innovation und Übertragungseffekte von ausländischen Direktinvestitionen in China: ein Schwellenansatz, Regional Studies. In diesem Beitrag entwickeln wir mit Hilfe eines Datensatzes von 29 chinesischen Provinzen für den Zeitraum von 1985 bis 2008 ein Schwellenmodell zur Analyse der Beziehungen zwischen Übertragungseffekten von ausländischen Direktinvestitionen und der regionalen Innovation in China. Es liegen klare Anzeichen für doppelte Schwelleneffekte der regionalen Innovation auf Produktivitätsübertragungen von ausländischen Direktinvestitionen vor. Insbesondere beginnen ausländische Direktinvestitionen in der Region nur dann positive Produktivitätsübertragungen zu erzeugen, wenn das Niveau der regionalen Innovation die minimale Innovationsschwelle erreicht. Darüber hinaus belaufen sich die positiven Produktivitätsübertragungen durch ausländische Direktinvestitionen nur dann auf eine erhebliche Höhe, wenn das Niveau der regionalen Innovation eine höhere Schwelle erreicht. Die doppelte Schwelle teilt die chinesischen Provinzen hinsichtlich der Innovation in drei Superregionen auf, wobei sich die meisten Provinzen in der Superregion mit Innovation auf mittlerer Ebene befinden. Wir erörtern die Auswirkungen auf die Politik. Ausländische Direktinvestitionen?Produktivitätsübertragungen?Regionale Innovation?Schwellenmodell?China Huang L., Liu X. y Xu L. Innovación regional y efectos de desbordamiento de la inversión extranjera directa en China: un enfoque de umbral, Regional Studies. Con ayuda de un grupo de datos sobre veintinueve provincias de China durante el periodo de 1985 a 2008, en este artículo establecemos un modelo umbral para analizar la relación entre los efectos de desbordamiento de la inversión extranjera directa (IED) y la innovación regional en China. Existen claras evidencias de efectos de umbral doble de la innovación regional en cuanto a los desbordamientos de productividad de la IED. En concreto, solamente cuando el nivel de la innovación regional alcanza el umbral mínimo de innovación empezará la IED en la región a producir desbordamientos positivos de productividad. Asimismo, los desbordamientos positivos de productividad de la IED serán solamente considerables cuando el nivel de la innovación regional alcance un umbral más alto. El umbral doble divide las provincias chinas en tres super regiones en términos de innovación, situando a la mayoría de provincias dentro de la super región con una innovación de nivel medio. Asimismo analizamos las repercusiones políticas. Inversión directa extranjera?Desbordamientos de productividad?Innovación regional?Modelo umbral?China [ABSTRACT FROM PUBLISHER]

This paper studies the market reactions to corporate philanthropic giving in response to the 12 May 2008 Wenchuan earthquake in Sichuan, China. Based on a sample of 136 Chinese listed companies, our results indicate a significant and positive seven-day cumulative abnormal rise in the share prices of those companies making donations compared to those not making donations. Both timeliness and the amount of philanthropic giving generate significant market reactions, confirming Godfrey's assertion that corporate philanthropy can be perceived as a genuine manifestation of firms' underlying desire to raise their market values. However, when the sample firms are divided into two groups, government controlled and non-government controlled, Godfrey's assertion is challenged by our empirical results which show different market responses to the two different types of companies. [ABSTRACT FROM AUTHOR]

This paper offers an analysis of the housing impact of the recent financial crisis in an East Asian context, specifically Hong Kong. In doing so, the paper argues that much of the current political economy analysis in this area has been overly focused on mortgage securitization as the centrepiece of liberal housing finance systems. The paper also shows that an understanding of the limited development of mortgage securitization in Hong Kong lies in the embedded actions of institutional agents. The paper seeks to contribute to ongoing policy debates about the differential impact of the financial crisis on housing markets and to broader theoretical conceptions of ‘residential capitalisms’. In relation to the latter, the aim is to strengthen the East Asian dimension of these discussions and to reinforce arguments regarding the importance of the embedded actions of agents in shaping housing finance systems. [ABSTRACT FROM AUTHOR]

This paper shows how wuwei (effortless action) and associated concepts drawn from Daoist thought are applied in analyses of the Chinese market economy and state-economy relations published in recent issues of social science and Communist Party journals in the People's Republic of China. Such use of traditional concepts partially displaces Marxist terminology from 'diagnostic economics'. In discussing the use of these concepts in 5 articles published between 2000 and 2008, the economic theory of Daodejing is also presented. [ABSTRACT FROM AUTHOR]

Process industries, such as chemicals, aluminium, steel, pulp and paper, and thermal electricity generation, are important basic industries for economic growth in an economy such as the Chinese one. In order to promote improved efficiency and growth-inducing structural change, it is of paramount importance to model the development of such industries in a relevant way. It will then be necessary to go outside the smooth textbook production theory and turn to models incorporating typical features of process industries, such as embodied technical change, a sharp difference in substitution possibilities before and after investing, and a dynamic change at the industry level driven by entry and exit of plants and embodied technical change. The purpose of the paper is to give an introduction to the key production function concept of a short-run industry production function, and to show how this concept is the key to understanding industry dynamics. An empirical application is made on data for Chinese coal-fired electricity generation plants for one year. However, this will only be the first stage in a full-blown dynamic analysis. Combined cross-section and time-series data for plants are then required. [ABSTRACT FROM AUTHOR]

This research used spatial and comparative approaches to examine China's fertility trends, their positive and negative impacts on economic growth, and possible policy remedies to effectively deal with the challenges. The data were derived from the China 2000 Population Census, China Statistical Yearbook, the United Nations Population Database and the World Population Data Sheet of the Population Reference Bureau. By comparing China with other Asian societies, this paper provides empirical and theoretical support for five points, namely, that China has had the world's largest number of people with very low fertility since at least 2000, that it is one of the fastest ageing countries in world history, that rapid ageing threatens China's economic sustainability, that the demographic dividend needs to be examined in the context of labour supply transition, and that China needs to abandon its one-child policy immediately to deal with the challenges to its economic sustainability. [ABSTRACT FROM AUTHOR]

This paper investigates a contemporary issue of Macau concerning the impact of casinos on other sectors' employment. The long-run and short-run effects are investigated using data-oriented econometric models. In the long-run, the casino boom leads to an employment expansion in other sectors. However, the effect is insignificant in the short-run. Simulations from a theoretical model disclose the pure crowding-out effect of the increased casino employment on other sectors with other things the same as the situation of 2003. During the period 2004-2008, the crowding-out effect is more serious on the non-casino service sector than on the industrial sector. Results from both types of models shed light on policy options. [ABSTRACT FROM AUTHOR]

This paper presents an analysis of the determinants of the location dynamics of advanced producer services firms in global cities. By gauging the importance of the presence of leading firms for the years 2000 and 2004, a measurement of the aggregate location change is produced. This measure is used to search for determinants of the observed location change, both in general and in sectoral terms (management consultancy and banking). We also investigate how the presence of firms from the same and from other sectors influences the dynamics of a firms' location strategy. [ABSTRACT FROM AUTHOR]