Pub Date : 2021-08-04DOI: 10.1080/10971475.2021.1958452
Yuwen Dai
Abstract Inspired by China’s historical role as a central hub in the Silk Road, the Chinese government officially launched the Belt and Road Initiative (BRI) in 2013. The BRI aims at deepening regional economic cooperation on a transcontinental scale and investing in infrastructure that promotes regional connectivity over land and sea. In recent years, China’s outward foreign direct investment (OFDI) has increased tremendously. Empirical evidence suggests that Chinese OFDI is about 40 percent higher in BRI countries than non-BRI countries. Under the BRI framework, China is currently a global leader in the construction of transportation infrastructure. In this paper, we examine the case of the China-Indochina Peninsula Economic Corridor (CIPEC) and investigate the macroeconomic implication of the BRI by conducting empirical study on Chinese OFDI to the CIPEC, analyzing China’s infrastructure investment, and conducting case studies of BRI infrastructure projects in the region. Our findings draw implication for policymakers in BRI nations who intend to attract Chinese infrastructure investment to improve regional connectivity. The lessons learned from these BRI projects highlight the importance of institutional relationship, domestic politics, political stability, and policy uncertainty, which in turn shed light on future infrastructure projects between China and host countries under the BRI framework.
{"title":"China’s Infrastructure Investment to the Belt and Road: The Case of the China-Indochina Peninsula Economic Corridor","authors":"Yuwen Dai","doi":"10.1080/10971475.2021.1958452","DOIUrl":"https://doi.org/10.1080/10971475.2021.1958452","url":null,"abstract":"Abstract Inspired by China’s historical role as a central hub in the Silk Road, the Chinese government officially launched the Belt and Road Initiative (BRI) in 2013. The BRI aims at deepening regional economic cooperation on a transcontinental scale and investing in infrastructure that promotes regional connectivity over land and sea. In recent years, China’s outward foreign direct investment (OFDI) has increased tremendously. Empirical evidence suggests that Chinese OFDI is about 40 percent higher in BRI countries than non-BRI countries. Under the BRI framework, China is currently a global leader in the construction of transportation infrastructure. In this paper, we examine the case of the China-Indochina Peninsula Economic Corridor (CIPEC) and investigate the macroeconomic implication of the BRI by conducting empirical study on Chinese OFDI to the CIPEC, analyzing China’s infrastructure investment, and conducting case studies of BRI infrastructure projects in the region. Our findings draw implication for policymakers in BRI nations who intend to attract Chinese infrastructure investment to improve regional connectivity. The lessons learned from these BRI projects highlight the importance of institutional relationship, domestic politics, political stability, and policy uncertainty, which in turn shed light on future infrastructure projects between China and host countries under the BRI framework.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"65 1","pages":"169 - 187"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84790171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-30DOI: 10.1080/10971475.2021.1930297
Junmin Wan, Qiqi Qiu
Abstract This study examines how asset values by industry sectors are affected by different depreciation methods. We theoretically show that estimating depreciation rate by the Perpetual Inventory Method (PIM) contains more information than the method by Depreciation Expense as Accounting Item (DEAI), which are equivalent under certain conditions. Using data of 37 industrial sectors in China from 2001 to 2016, we estimate depreciation rates by sectors using both PIM and DEAI methods, which enable us to estimate capital stock and capital efficiency by sectors. By the panel estimation, depreciation rates estimated by both PIM and DEAI methods significantly increase with the enterprise's profits after tax defined by that profits before tax minus tax. Our result is consistent with the prediction of the economic depreciation hypothesis, implying that tax shield of depreciation that raises corporate after-tax cash flows to the firm could improve corporate investments for replacement by scrapping the old equipment.
{"title":"Depreciation Rate by Industrial Sector and Profit after Tax in China","authors":"Junmin Wan, Qiqi Qiu","doi":"10.1080/10971475.2021.1930297","DOIUrl":"https://doi.org/10.1080/10971475.2021.1930297","url":null,"abstract":"Abstract This study examines how asset values by industry sectors are affected by different depreciation methods. We theoretically show that estimating depreciation rate by the Perpetual Inventory Method (PIM) contains more information than the method by Depreciation Expense as Accounting Item (DEAI), which are equivalent under certain conditions. Using data of 37 industrial sectors in China from 2001 to 2016, we estimate depreciation rates by sectors using both PIM and DEAI methods, which enable us to estimate capital stock and capital efficiency by sectors. By the panel estimation, depreciation rates estimated by both PIM and DEAI methods significantly increase with the enterprise's profits after tax defined by that profits before tax minus tax. Our result is consistent with the prediction of the economic depreciation hypothesis, implying that tax shield of depreciation that raises corporate after-tax cash flows to the firm could improve corporate investments for replacement by scrapping the old equipment.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"14 1","pages":"111 - 128"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76807256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-28DOI: 10.1080/10971475.2021.1930294
Hao Jiang, Shiguang Ma, A. Jun
Abstract We investigate the information role and the information interaction of cash dividends around equity private placements for China’s publicly listed firms from 2004 to 2019. Our results show that firms are more likely to allocate higher cash dividends when private placements are nearer, possibly to build a favorable information environment for subsequent equity refinancing. Using a propensity score matching (PSM) approach, the results show that firms usually do not increase cash dividends for the compensation of illiquidity in the lockup period following private placement. The persistently low cash dividends after the lockup period rule out the suspicion of tunneling (via excessive payouts) resulted by private placements. In the meantime, we find that private placements positively affect firm performance. This could be why managers find conveying information via dividends redundant. We also find that announcement returns for cash dividends paid by firms with private placements are higher compared to their peers.
{"title":"Cash Dividend Behaviors around Private Placements in China: Interactions between Two Information-Releasing Events","authors":"Hao Jiang, Shiguang Ma, A. Jun","doi":"10.1080/10971475.2021.1930294","DOIUrl":"https://doi.org/10.1080/10971475.2021.1930294","url":null,"abstract":"Abstract We investigate the information role and the information interaction of cash dividends around equity private placements for China’s publicly listed firms from 2004 to 2019. Our results show that firms are more likely to allocate higher cash dividends when private placements are nearer, possibly to build a favorable information environment for subsequent equity refinancing. Using a propensity score matching (PSM) approach, the results show that firms usually do not increase cash dividends for the compensation of illiquidity in the lockup period following private placement. The persistently low cash dividends after the lockup period rule out the suspicion of tunneling (via excessive payouts) resulted by private placements. In the meantime, we find that private placements positively affect firm performance. This could be why managers find conveying information via dividends redundant. We also find that announcement returns for cash dividends paid by firms with private placements are higher compared to their peers.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"14 1","pages":"129 - 155"},"PeriodicalIF":0.0,"publicationDate":"2021-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88913245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-15DOI: 10.1080/10971475.2021.1930300
Weiying Kong
Abstract South Korea deployed the Terminal High Altitude Area Defense (THAAD) antimissile system in response to North Korea’s nuclear test, leading to the Chinese government’s opposition to THAAD, citing national security concerns. Chinese consumers held a large-scale “boycott for Korean products” campaign in 2014. In the same year, the China–South Korea free trade agreement (FTA) was signed. This study compares the double-difference (DID) and triple-difference (DDD) models using the impact of the THAAD political conflict on South Korean exports. In the DID model, THAAD reduced South Korean exports, while in the DDD model, the FTA effectively alleviated the impact of THAAD. The net difference of the FTA’s impact on the commodities boycotted in response to the THAAD conflict exists because some boycotted commodities were promoted by the FTA while others were not. The effect of the THAAD event shock was significant only in the first two years, with minimal subsequent changes in growth. THAAD and FTA’s dynamic effects provide evidence of how political conflict can eventually influence popular opinion and how the trade policy plays a significant role in the national conflict resolution. Finally, the study provides additional evidence on the effect of non-tariff barriers triggered by THAAD on the service industry.
{"title":"Economic Effect and Resolution Idea of the THAAD Political Conflict on South Korea’s Exports to China","authors":"Weiying Kong","doi":"10.1080/10971475.2021.1930300","DOIUrl":"https://doi.org/10.1080/10971475.2021.1930300","url":null,"abstract":"Abstract South Korea deployed the Terminal High Altitude Area Defense (THAAD) antimissile system in response to North Korea’s nuclear test, leading to the Chinese government’s opposition to THAAD, citing national security concerns. Chinese consumers held a large-scale “boycott for Korean products” campaign in 2014. In the same year, the China–South Korea free trade agreement (FTA) was signed. This study compares the double-difference (DID) and triple-difference (DDD) models using the impact of the THAAD political conflict on South Korean exports. In the DID model, THAAD reduced South Korean exports, while in the DDD model, the FTA effectively alleviated the impact of THAAD. The net difference of the FTA’s impact on the commodities boycotted in response to the THAAD conflict exists because some boycotted commodities were promoted by the FTA while others were not. The effect of the THAAD event shock was significant only in the first two years, with minimal subsequent changes in growth. THAAD and FTA’s dynamic effects provide evidence of how political conflict can eventually influence popular opinion and how the trade policy plays a significant role in the national conflict resolution. Finally, the study provides additional evidence on the effect of non-tariff barriers triggered by THAAD on the service industry.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"1 1","pages":"88 - 110"},"PeriodicalIF":0.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88275532","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-14DOI: 10.1080/10971475.2021.1930292
R. Ahmed, Guohao Zhao, U. Habiba
Abstract The purpose of this study to investigate the dynamics of return linkages and volatility spillovers between Asian emerging stock markets (China, Hong Kong, Japan, Malaysia, Pakistan, and South Korea). To achieve this task, we used bivariate EGARCH (1) model. We used daily closing stock prices from January 01, 2010, to December 31, 2018. The findings revealed that the own lagged spillovers are statistically significant in all cases at one percent level. Our findings also show that the asymmetric volatility spillovers are significant in all sampled stock markets except China. We find unidirectional volatility spillovers from the markets of China toward Hong Kong, Malaysia toward South Korea, Hong Kong toward South Korea, Pakistan toward Hong Kong, and Japan toward South Korea. Moreover, the volatility spillovers in the majority stock markets are significant and bidirectional. Therefore, these markets are interrelated, and the spillover effect should be taken into consideration by policymakers who are responsible for economic decision making as they can save the financial sector from unexpected financial shockwaves.
{"title":"Dynamics of Return Linkages and Asymmetric Volatility Spillovers among Asian Emerging Stock Markets","authors":"R. Ahmed, Guohao Zhao, U. Habiba","doi":"10.1080/10971475.2021.1930292","DOIUrl":"https://doi.org/10.1080/10971475.2021.1930292","url":null,"abstract":"Abstract The purpose of this study to investigate the dynamics of return linkages and volatility spillovers between Asian emerging stock markets (China, Hong Kong, Japan, Malaysia, Pakistan, and South Korea). To achieve this task, we used bivariate EGARCH (1) model. We used daily closing stock prices from January 01, 2010, to December 31, 2018. The findings revealed that the own lagged spillovers are statistically significant in all cases at one percent level. Our findings also show that the asymmetric volatility spillovers are significant in all sampled stock markets except China. We find unidirectional volatility spillovers from the markets of China toward Hong Kong, Malaysia toward South Korea, Hong Kong toward South Korea, Pakistan toward Hong Kong, and Japan toward South Korea. Moreover, the volatility spillovers in the majority stock markets are significant and bidirectional. Therefore, these markets are interrelated, and the spillover effect should be taken into consideration by policymakers who are responsible for economic decision making as they can save the financial sector from unexpected financial shockwaves.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"24 1","pages":"156 - 167"},"PeriodicalIF":0.0,"publicationDate":"2021-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90632444","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-05-28DOI: 10.1080/10971475.2021.1930298
Hang Cheng
Abstract China has enjoyed high saving and high investment ratios by international standards. However, mainstream economists argue that China suffers from inefficient investment due to excessive state interventions. The mainstream argument is in conflict with the observed high output-capital ratios and rates of return on capital in China before 2008. China’s investment efficiency has deteriorated since 2008 despite the progress of financial liberalization. In this essay, we used provincial-level panel data from 1993 to 2017 and the technique of General Method of Moments to examine how China’s saving and investment respond to output-capital ratio, gross profit share, and real interest rate. We find that output-capital ratio has positive effects on saving and investment in all three periods (1993–2000, 2001–2008, 2009–2017); gross profit share has positive effects on saving; but gross profit share has negative and significant impact on investment for the period 2009–2017. We find that real interest rate has significant and negative impact on China’s saving for the period 1993–2000, a result that is inconsistent with the neoclassical theory of saving. On the other hand, real interest rate has a significant and negative impact on investment and a significant and positive impact on saving for the period 2009–2017, consistent with what should happen in a liberalized financial market according to neoclassical economics. These findings suggest that China’s financial market may have become sufficiently liberalized to induce the “correct” behavior from businesses and households but the “correct” behavior has not yet led to improvement in China’s investment efficiency.
{"title":"Will Financial Liberalization Help China to Invest More Efficiently? Evidence from China’s Saving and Investment from 1993 to 2017","authors":"Hang Cheng","doi":"10.1080/10971475.2021.1930298","DOIUrl":"https://doi.org/10.1080/10971475.2021.1930298","url":null,"abstract":"Abstract China has enjoyed high saving and high investment ratios by international standards. However, mainstream economists argue that China suffers from inefficient investment due to excessive state interventions. The mainstream argument is in conflict with the observed high output-capital ratios and rates of return on capital in China before 2008. China’s investment efficiency has deteriorated since 2008 despite the progress of financial liberalization. In this essay, we used provincial-level panel data from 1993 to 2017 and the technique of General Method of Moments to examine how China’s saving and investment respond to output-capital ratio, gross profit share, and real interest rate. We find that output-capital ratio has positive effects on saving and investment in all three periods (1993–2000, 2001–2008, 2009–2017); gross profit share has positive effects on saving; but gross profit share has negative and significant impact on investment for the period 2009–2017. We find that real interest rate has significant and negative impact on China’s saving for the period 1993–2000, a result that is inconsistent with the neoclassical theory of saving. On the other hand, real interest rate has a significant and negative impact on investment and a significant and positive impact on saving for the period 2009–2017, consistent with what should happen in a liberalized financial market according to neoclassical economics. These findings suggest that China’s financial market may have become sufficiently liberalized to induce the “correct” behavior from businesses and households but the “correct” behavior has not yet led to improvement in China’s investment efficiency.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"43 1","pages":"67 - 87"},"PeriodicalIF":0.0,"publicationDate":"2021-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73411210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-14DOI: 10.1080/10971475.2021.1890360
Yunyang Xiao, H. Wang, Jun Yu Li
Abstract The pet industry has grown tremendously in China, and pet food is a major product in the market. Although characteristics of pet food are important considerations for veterinarians and consumers, there has yet to be a holistic consumer study for Chinese pet food shopping behaviors. This study focuses on consumer stated preferences of online pet food and factors affecting their actual purchasing behavior. We have conducted a survey and explored factors affecting both consumers’ stated attribute preferences and factors affecting their consumption quantities. A total of 220 valid samples were collected online from pet owners with online shopping experiences in 2019. Our results reveal that younger, urban, higher educated, and married consumers with families tend to use more online channels to buy pet food. They care more about brand, ingredients, and retailer reputation, but not so much about imported products. We find little significant statistic difference between consumers’ online and offline shopping perspectives. This paper quantitatively investigates consumer pet food shopping behaviors, discovers recent trends in this line of research, and provides insight into the industry for future developing demand.
{"title":"A New Market for Pet Food in China: Online Consumer Preferences and Consumption","authors":"Yunyang Xiao, H. Wang, Jun Yu Li","doi":"10.1080/10971475.2021.1890360","DOIUrl":"https://doi.org/10.1080/10971475.2021.1890360","url":null,"abstract":"Abstract The pet industry has grown tremendously in China, and pet food is a major product in the market. Although characteristics of pet food are important considerations for veterinarians and consumers, there has yet to be a holistic consumer study for Chinese pet food shopping behaviors. This study focuses on consumer stated preferences of online pet food and factors affecting their actual purchasing behavior. We have conducted a survey and explored factors affecting both consumers’ stated attribute preferences and factors affecting their consumption quantities. A total of 220 valid samples were collected online from pet owners with online shopping experiences in 2019. Our results reveal that younger, urban, higher educated, and married consumers with families tend to use more online channels to buy pet food. They care more about brand, ingredients, and retailer reputation, but not so much about imported products. We find little significant statistic difference between consumers’ online and offline shopping perspectives. This paper quantitatively investigates consumer pet food shopping behaviors, discovers recent trends in this line of research, and provides insight into the industry for future developing demand.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"8 1","pages":"430 - 440"},"PeriodicalIF":0.0,"publicationDate":"2021-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80249433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-13DOI: 10.1080/10971475.2021.1958451
Julián D. Cortés, Xi Lin, Xiaolei Xun
Abstract Trade and investment between developing regions such as China and Latin America and the Caribbean (LAC) are growing prominently. However, insights on crucial factors such as innovation in business and management (iBM) about both regions have not been scrutinized. This study presents the research output, impact, and structure of iBM research published about China and LAC in a comparative framework using three bibliographic databases/search engines: Google Scholar, Dimensions, and Microsoft Academic. Findings showed (i) that iBM topics of both regions were framed within research and development management and technological development topics, (ii) significant differences in output and impact between regions, (iii) and also databases/search engines.
{"title":"Research on Innovation in Business and Management about China and Latin America: Bibliometric Insights Using Google Scholar, Dimensions and Microsoft Academic","authors":"Julián D. Cortés, Xi Lin, Xiaolei Xun","doi":"10.1080/10971475.2021.1958451","DOIUrl":"https://doi.org/10.1080/10971475.2021.1958451","url":null,"abstract":"Abstract Trade and investment between developing regions such as China and Latin America and the Caribbean (LAC) are growing prominently. However, insights on crucial factors such as innovation in business and management (iBM) about both regions have not been scrutinized. This study presents the research output, impact, and structure of iBM research published about China and LAC in a comparative framework using three bibliographic databases/search engines: Google Scholar, Dimensions, and Microsoft Academic. Findings showed (i) that iBM topics of both regions were framed within research and development management and technological development topics, (ii) significant differences in output and impact between regions, (iii) and also databases/search engines.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"108 1","pages":"208 - 226"},"PeriodicalIF":0.0,"publicationDate":"2021-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87642730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-01DOI: 10.1080/10971475.2021.1890358
Haiyan An, Xiaoshu Sun
Abstract As the Chinese government called for “targeted resumption of work and production in different regions and at different levels” after the novel coronavirus pneumonia (COVID-19) outbreak, rural migrant workers returning to work became an important factor for economic recovery and stabilizing labor supply. Based on data collected during the COVID-19 pandemic in 2020, this paper investigates farmers’ perception of risk in the epidemic situation and reveals the impact of farmers’ risk perception on working outside of their hometowns. The results show that: 1) farmers generally believe the risk of epidemics is higher in urban areas than in rural areas; and 2) farmers’ risk perceptions significantly influence their decisions of working outside of their hometowns. This paper provides important policy implications in labor supply and crisis management.
{"title":"Impact of risk perception on migrant workers’ employment choice during the COVID-19 epidemic","authors":"Haiyan An, Xiaoshu Sun","doi":"10.1080/10971475.2021.1890358","DOIUrl":"https://doi.org/10.1080/10971475.2021.1890358","url":null,"abstract":"Abstract As the Chinese government called for “targeted resumption of work and production in different regions and at different levels” after the novel coronavirus pneumonia (COVID-19) outbreak, rural migrant workers returning to work became an important factor for economic recovery and stabilizing labor supply. Based on data collected during the COVID-19 pandemic in 2020, this paper investigates farmers’ perception of risk in the epidemic situation and reveals the impact of farmers’ risk perception on working outside of their hometowns. The results show that: 1) farmers generally believe the risk of epidemics is higher in urban areas than in rural areas; and 2) farmers’ risk perceptions significantly influence their decisions of working outside of their hometowns. This paper provides important policy implications in labor supply and crisis management.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"41 1","pages":"402 - 414"},"PeriodicalIF":0.0,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73821256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-03-27DOI: 10.1080/10971475.2021.1890359
Kai Zhao, Hongxu Shi, Y. Zhang, Jiping Sheng
Abstract The development of the Internet has provided many opportunities for electronic commerce, and many e-commerce companies like Alibaba have achieved great success. Fresh produce industry has also attempted to step into e-commerce during the past decade. It is important for e-commerce to understand customers’ demands in this new market in order to make profits. In this research we conducted a market survey to investigate the market situation of Chinese fresh produce e-commerce. Consumer attitudes and behaviors toward online shopping for fresh fruits were evaluated. A logit model was used to identify potential factors that may have impact on consumers’ purchase intention. Results show that women are more likely than men to shop online; other factors such as influence from friends, income, product quality, food labels, packaging, and payment security can also affect online shoppers’ purchase intention.
{"title":"Fresh Produce E-Commerce and Online Shoppers’ Purchase Intention","authors":"Kai Zhao, Hongxu Shi, Y. Zhang, Jiping Sheng","doi":"10.1080/10971475.2021.1890359","DOIUrl":"https://doi.org/10.1080/10971475.2021.1890359","url":null,"abstract":"Abstract The development of the Internet has provided many opportunities for electronic commerce, and many e-commerce companies like Alibaba have achieved great success. Fresh produce industry has also attempted to step into e-commerce during the past decade. It is important for e-commerce to understand customers’ demands in this new market in order to make profits. In this research we conducted a market survey to investigate the market situation of Chinese fresh produce e-commerce. Consumer attitudes and behaviors toward online shopping for fresh fruits were evaluated. A logit model was used to identify potential factors that may have impact on consumers’ purchase intention. Results show that women are more likely than men to shop online; other factors such as influence from friends, income, product quality, food labels, packaging, and payment security can also affect online shoppers’ purchase intention.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"4 1","pages":"415 - 429"},"PeriodicalIF":0.0,"publicationDate":"2021-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74065303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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