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China in international digital economy governance 国际数字经济治理中的中国
IF 3.3 Q1 ECONOMICS Pub Date : 2022-04-19 DOI: 10.1080/17538963.2022.2067690
Zha Daojiong, T. Dong
ABSTRACT China ranks prominently in terms of capacity to engage in and benefit from the data-driven world economy. But China is more restrictive than many other countries on digital service imports, in addition to being passive in negotiations towards universal digital economic governance rules at the World Trade Organization. The world’s digital economy is getting more geopolitical, with practices of digital sovereignty and signs of a splinternet on the rise. However, with its application to join regional-free trade arrangements like the RCEP and CPTPP, China is internationalizing its digital economy governance. China’s domestic legislations and policy reforms, meanwhile, are increasingly aligning with those in Europe, in addition to industry-level interoperability with the United States. This provides a basis for further harmonization of digital economy governance with the rest of the world.
在参与数据驱动的世界经济并从中受益的能力方面,中国名列前茅。但中国在数字服务进口方面的限制比许多其他国家都要严格,此外,中国在世界贸易组织(wto)关于数字经济普遍治理规则的谈判中也很被动。世界数字经济正变得越来越具有地缘政治色彩,数字主权的实践和分裂的迹象正在增加。然而,通过申请加入RCEP和CPTPP等区域自由贸易安排,中国正在将其数字经济治理国际化。与此同时,中国的国内立法和政策改革,除了与美国在行业层面的互操作性外,也越来越多地与欧洲接轨。这为数字经济治理进一步与世界接轨奠定了基础。
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引用次数: 4
The impact of the digital economy on China’s economic growth and productivity performance 数字经济对中国经济增长和生产力表现的影响
IF 3.3 Q1 ECONOMICS Pub Date : 2022-04-19 DOI: 10.1080/17538963.2022.2067689
Harry X. Wu, Changhua Yu
ABSTRACT China’s digital economy experienced a rapid development over the past two decades. How can we systematically measure the contribution of the digital economy to China’s economic growth? Has the digital economy contributed to an increase in China’s total factor productivity? This paper analyzes the impact of the information and communication technology (ICT) development on China’s economic growth since its WTO accession in an aggregate production possibility frontier framework. Our empirical analysis shows that the digital economy has been the most significant contributor to China’s economic growth and productivity improvements over the past two decades. Nevertheless, due to severe capital misallocation across industries and persistent inefficient performance of some non-ICT industries, industries with high investment growth have not been matched by industries with high TFP growth.
在过去的二十年里,中国的数字经济经历了快速发展。如何系统地衡量数字经济对中国经济增长的贡献?数字经济是否促进了中国全要素生产率的提高?本文在总生产可能性边界框架下分析了加入WTO以来信息通信技术发展对中国经济增长的影响。我们的实证分析表明,在过去二十年中,数字经济是中国经济增长和生产率提高的最重要贡献者。然而,由于严重的跨行业资本错配和部分非信息通信技术产业持续的低效率,高投资增长的产业并没有与高TFP增长的产业相匹配。
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引用次数: 17
Platform antitrust in China 中国平台反垄断
IF 3.3 Q1 ECONOMICS Pub Date : 2022-04-18 DOI: 10.1080/17538963.2022.2067688
Hao Wang
ABSTRACT This article reviews the recent developments in digital platform antitrust in China. I first introduce the key players in China’s platform industry, particularly those that have been frequently affected by recent antitrust events. I then provide a brief overview of economic theories that are often cited in think tank reports and official documents, including network externalities, hub-and-spoke collusion, and contestable markets. Finally, recent platform antitrust events in China are reviewed, including the introduction of platform antitrust guidelines and major antitrust cases.
摘要本文综述了中国数字平台反垄断的最新进展。我首先介绍中国平台行业的主要参与者,特别是那些经常受到近期反垄断事件影响的参与者。然后,我简要概述了智库报告和官方文件中经常引用的经济理论,包括网络外部性、中心辐射共谋和可竞争市场。最后,回顾了近年来中国平台反垄断事件,包括平台反垄断准则的出台和重大反垄断案件。
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引用次数: 0
[Long-term course of heart disease: How can psychosocial care be improved?] [心脏病的长期病程:如何改善社会心理护理?]
IF 1.7 Q1 ECONOMICS Pub Date : 2022-04-01 Epub Date: 2022-03-28 DOI: 10.1007/s00103-022-03516-z
Karl-Heinz Ladwig, Julia Lurz, Karoline Lukaschek

Cardiovascular diseases, which primarily include coronary artery disease (CAD), heart failure (HF) and cardiac arrhythmias, are the leading causes of death in the European Union and responsible for most of the serious courses of coronary disease. Acute events are usually the focus of clinical attention. In contrast, there are hardly any structured care and therapy concepts for the long-term course of these diseases. Based on a literature review, this article provides an overview of the long-term consequences and long-term care of heart diseases. Deficits in the psychosocial care of patients and possible solutions are discussed.Patients with CAD often experience problems with medication adherence and compliance to behavioural recommendations due to inadequate long-term psychosocial care. Psychological comorbidities reduce the quality of life and are a driver for health-damaging behaviour. Patients with cardiac arrhythmias often get into a vicious circle of recurrent physical complaints interacting with anxiety and panic attacks and the associated use of outpatient, emergency, or inpatient care facilities. In the course of heart failure, a clinically significant growing number of patients are treated with antidepressants, the benefit of which is rather doubtful.The apparent deficits in long-term psychosocial care of cardiovascular disease and the quality of life of patients could be improved through the increased use of systematic collaborative care models by specialised care facilities with the involvement of general practitioners.

心血管疾病主要包括冠状动脉疾病(CAD)、心力衰竭(HF)和心律失常,是欧盟国家的主要死亡原因,也是大多数冠心病严重病程的罪魁祸首。急性事件通常是临床关注的焦点。相比之下,几乎没有针对这些疾病长期病程的结构化护理和治疗概念。根据文献综述,本文概述了心脏病的长期后果和长期护理。由于长期社会心理护理不足,CAD 患者在坚持用药和遵守行为建议方面经常会遇到问题。心理并发症会降低患者的生活质量,并成为损害健康行为的驱动因素。心律失常患者经常会陷入恶性循环,反复出现身体不适、焦虑和恐慌发作,并因此使用门诊、急诊或住院治疗设施。在心力衰竭的治疗过程中,临床上越来越多的患者接受抗抑郁药物治疗,但这种治疗方法的益处却令人怀疑。心血管疾病的长期社会心理护理存在明显缺陷,患者的生活质量可以通过专科护理机构在全科医生的参与下更多地使用系统的合作护理模式来改善。
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引用次数: 0
Market expectation management and renminbi exchange rate policy under depreciation pressure 贬值压力下的市场预期管理与人民币汇率政策
IF 3.3 Q1 ECONOMICS Pub Date : 2022-03-09 DOI: 10.1080/17538963.2022.2042066
Mei Li
ABSTRACT Motivated by the capital outflow episode after the 8/11 renminbi exchange rate reform, we establish formal models to study renminbi exchange rate policy under depreciation pressure with a focus on its effect on market expectations. In an economy where capital controls are imposed, a central bank aims both to discourage speculative capital outflows and to reduce exchange rate misalignment. We find that (i) both capital controls and speculators’ uncertainty about the central bank’s exchange rate target can effectively discourage capital outflows; (ii) Any action taken by the central bank will send a signal to speculators about the central bank’s exchange rate target, causing a change in speculators’ expectations and subsequently in capital flows. This explains large capital outflows triggered by the 8/11 reform. A key takeaway is that exchange rate policy should take into account its effect on market expectations to avoid unnecessary exchange rate and capital flow volatility.
摘要受8·11人民币汇率改革后资本外流事件的影响,我们建立了正式的模型来研究贬值压力下的人民币汇率政策,重点研究其对市场预期的影响。在一个实行资本管制的经济体中,央行的目标既是阻止投机资本外流,又是减少汇率失调。我们发现(i)资本管制和投机者对央行汇率目标的不确定性都可以有效地抑制资本外流;(ii)央行采取的任何行动都会向投机者发出关于央行汇率目标的信号,导致投机者的预期发生变化,随后资本流动也会发生变化。这就解释了“8·11”改革引发的大量资本外流。一个关键的结论是,汇率政策应该考虑到它对市场预期的影响,以避免不必要的汇率和资本流动波动。
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引用次数: 0
Optimal public debt under demographic changes in China 中国人口结构变化下的最优公共债务
IF 3.3 Q1 ECONOMICS Pub Date : 2022-01-29 DOI: 10.1080/17538963.2022.2033394
Lixin Sun
ABSTRACT In this paper, we use an overlapping-generations model to estimate the optimal public debt level in terms of the growth-maximizing theory under changing demographics and examine the fiscal sustainability in China. The results suggest that the optimal level of public debt in China lies in a scope of 70% to 88%, which varies as a function of the driving force of the production, the number of children, and the subsidy policy for rearing the children. On the basis of fiscal space framework, we can conclude that China’s public debt and thereby the fiscal position is sustainable in the near and medium terms. Sensitivity analyses and robustness tests also support our empirical findings. Our study provides insights into public debt management, population policy, and strategies for economic growth in China.
摘要本文运用重叠代模型,根据增长最大化理论估计了人口结构变化下的最优公共债务水平,并考察了中国的财政可持续性。研究结果表明,中国公共债务的最优水平在70% ~ 88%之间,这一水平随生产驱动力、子女数量和养育子女补贴政策的不同而变化。在财政空间框架的基础上,我们可以得出结论,中国的公共债务以及由此产生的财政状况在中短期内是可持续的。敏感性分析和稳健性测试也支持我们的实证研究结果。我们的研究为中国的公共债务管理、人口政策和经济增长战略提供了见解。
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引用次数: 0
Impacts of the recent USA and China trade dispute on China’s aquatic products 近期中美贸易争端对中国水产品的影响
IF 3.3 Q1 ECONOMICS Pub Date : 2022-01-02 DOI: 10.1080/17538963.2021.2019924
K. Lu, P. Failler, B. Drakeford, Qinyi Wang, Tong Liu
ABSTRACT This paper uses the Multivariable Grey Model and the Counterfactual Reasoning Method to evaluate the impact of the recent trade dispute between the USA and China from the perspective of its impact on the international trade of China’s aquatic products. Regarding imports the recent trade dispute did not have a negative impact, due to substitution possibilities with other countries. China’s aquatic products export is heavily dependent on the market in the USA. Nevertheless, the aggravation of the recent trade dispute has not caused significant effects on China’s aquatic product exports. Compared with the potential trade loss in terms of exports to China suffered by aquatic product producers and operators in the USA, the economic interests of China’s aquatic products producers and operators in terms of exports have not been affected significantly overall. In comparison, the potential trade losses of aquatic product producers and operators in the USA are relatively greater.
摘要本文运用多元灰色模型和反事实推理方法,从中美贸易争端对中国水产品国际贸易的影响角度,对其影响进行了评估。关于进口,由于与其他国家的替代可能性,最近的贸易争端没有产生负面影响。中国水产品出口严重依赖美国市场。然而,最近贸易争端的加剧并没有对中国水产品的出口造成重大影响。与美国水产品生产经营者在对华出口方面可能遭受的贸易损失相比,中国水产品生产商和经营者在出口方面的经济利益总体上没有受到重大影响。相比之下,美国水产品生产商和经营者的潜在贸易损失相对较大。
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引用次数: 1
China trade with belt and road countries: the role and impact of institutions 中国与“一带一路”国家的贸易:制度的作用和影响
IF 3.3 Q1 ECONOMICS Pub Date : 2022-01-02 DOI: 10.1080/17538963.2021.1994709
Satar Bakhsh, Hengbin Yin, M. Shabir, Kishwar Ali
ABSTRACT This article investigates the impact of institutional quality on China’s trade with belt and road economies by testing the augmented gravity model framework. Our empirical analysis is based on 16 years of balanced panel data of 65 belt and road economies. We use the instrumental variable estimator developed for a panel data model to address the potential endogeneity issue. We distinguish the vital role of institutions in trading partner countries in shaping this result. Our outcomes outline an interesting story about the association between institutional quality and China’s export to and import from belt and road countries. We find that the weaker voice and accountability and political stability in B&R countries negatively affect China exports, while China import from B&R economies shows a statistically positive effect of institutions. Our findings are robust to employs a panel pseudo-maximum likelihood (PPML) estimation method. As part of wider trade integration, we conclude that the B&R countries should strengthen their institutions. The results of this study have several implications for policymakers.
本文通过检验增强引力模型框架,考察制度质量对中国与“一带一路”经济体贸易的影响。我们的实证分析基于65个“一带一路”经济体16年的均衡面板数据。我们使用为面板数据模型开发的工具变量估计器来解决潜在的内生性问题。我们认为,贸易伙伴国的机构在形成这一结果方面发挥了至关重要的作用。我们的研究结果勾勒出一个有趣的故事,讲述了制度质量与中国对“一带一路”国家进出口之间的关系。我们发现,“一带一路”国家话语权、问责制和政治稳定的减弱对中国出口产生了负面影响,而中国从“一带一路”经济体的进口则显示出统计上的积极影响。我们的发现是稳健的采用面板伪极大似然(PPML)估计方法。作为更广泛的贸易一体化的一部分,我们得出结论,“一带一路”国家应加强其机制。这项研究的结果对政策制定者有几点启示。
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引用次数: 6
Trade uncertainty in US and China on trade openness in Sub-Saharan Africa 中美贸易不确定性对撒哈拉以南非洲贸易开放的影响
IF 3.3 Q1 ECONOMICS Pub Date : 2021-12-08 DOI: 10.1080/17538963.2021.2014703
W. Bandura
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引用次数: 2
Is China market socialist? Comparing Western theory to Eastern practice 中国是社会主义市场吗?西方理论与东方实践之比较
IF 3.3 Q1 ECONOMICS Pub Date : 2021-11-27 DOI: 10.1080/17538963.2021.2006457
J. Yunker
ABSTRACT The question of whether the contemporary Chinese economy is more accurately characterized as market socialist or market capitalist depends to some extent on semantic issues pertaining to the meaning of terms such as capitalism, socialism, and the market. Adding to these complications is the fact that there are several market socialist plans, quite different in their specifics, extant in the systems literature produced by Western economists. The present contribution attempts to shed a more focused light on this question by comparing the contemporary Chinese economy to a specific plan of market socialism known as ‘pragmatic market socialism.’ While obviously not a perfect match, there appears to be sufficient overlap for the Chinese economy to be considered a reasonable approximation to pragmatic market socialism.
当代中国经济是市场社会主义经济还是市场资本主义经济,这个问题在某种程度上取决于与资本主义、社会主义和市场等术语含义相关的语义问题。更复杂的是,在西方经济学家的制度文献中,存在着几种市场社会主义计划,它们的具体内容截然不同。本文试图通过将当代中国经济与被称为“实用市场社会主义”的市场社会主义的具体计划进行比较,来更集中地阐明这个问题。虽然显然不是完美的匹配,但中国经济似乎有足够的重叠之处,可以被视为与务实的市场社会主义有合理的近似。
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引用次数: 1
期刊
China Economic Journal
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