中国经济评论最新文献

Improving consumers' ongoing participation in physical activity is crucial to enhance consumer well-being. While many consumers may begin an exercise program, sustaining their continued participation often presents a significant challenge. This study tests the effectiveness of providing different ex post feedback reminders to motivate consumers' ongoing exercise. We developed feedback reminders across two dimensions. One dimension varied the feedback messages according to whether the messages attributed performance to participants' own efforts, and the other dimension used different personal pronouns to examine whether the deictic relational framing of the feedback mattered. We developed an exercise recording application embedded in WeChat to conduct an 8-week longitudinal field experiment in China. We find that when feedback messages were provided, participants in the “I/We” frame and “You frame + effort emphasized” treatment groups achieved their weekly exercise goals more frequently, especially for subjects with low self-regulation. However, when feedback was no longer provided, the influence of the “You frame + effort emphasized” treatment was even reversed.

In the context of economic development, the escalating prevalence of depression, anxiety and stress poses substantial challenges, not only impacting individuals' physical and mental well-being but also exerting a profound influence on future human capital. This study conducts an exploratory analysis of the effects of a center-based early childhood development intervention on the mental health of the caregivers, utilizing data from a cluster randomized controlled trial involving 1652 caregivers in rural China. Over the course of two years, caregivers and children in 50 villages received individualized parenting training, one-on-one parenting classes, and access to open play spaces in village parenting centers. Our findings reveal sustained and significant intervention effects on caregivers' anxiety and stress symptoms. The primary mechanisms driving these effects include increased parenting time investment, alterations in parenting styles, and changes in the level of trust in others. Furthermore, our research demonstrates that the positive treatment effects on mental health outcomes are more pronounced among caregivers of children who initially lower development skills. The intervention exhibits a stronger impact on caregivers with lower educational attainment, particularly when the caregivers are grandmothers. These results underscore the importance of governmental attention to mental health issues in rural China, suggesting avenues for intervention through the provision of parenting knowledge and spaces facilitating caregiver-child interactions. This research contributes valuable insights into addressing mental health challenges in rural settings, promoting effective strategies for future policy implementation.

This paper investigates how environmental regulation induces firm digitalization. We construct a digital index based on textual analyses and find that after the implementation of the program, pilot firms' digitalization increased relative to that of a group of carefully matched control firms, which is opposite to the findings in the extant literature on technology adoption. This increase cannot be fully explained by regional unobservables, firms' own innovation, firm selection, or other policies. The results are robust when we consider firm subsidiaries. The increase in digitalization is not due to regulatory arbitrage, and the industry-level concentration of digitalization changes little.

This paper examines the significant transformation in China's antitrust regulatory framework following the consolidation of its three primary antitrust agencies the Ministry of Commerce (MOFCOM), the National Development and Reform Commission (NDRC), and the State Administration for Industry & Commerce (SAIC) into the State Administration for Market Supervision (SAMR). Utilizing data from publicly listed firms across various industries, we analyze how firms in highly concentrated industries have adapted to this consolidation, by increasing the R&D investment, patent filing, and total factor productivity (TFP). Our mechanism channel indicates that stricter enforcement actions and fines by SAMR have spurred competition and innovation, with effects that are comparably significant across both state-owned enterprises (SOEs) and private firms. The paper contributes to the literature by providing an empirical assessment of the effects of this major restructuring within China's Anti-Monopoly Law (AML) enforcement. Our findings shed light on the broader implications of regulatory consolidations on firm innovation, offering insights into the efficacy of such transformations in antitrust policy.

The central Chinese government has transferred some of the authority to collect local firms' income tax from local tax bureaus (LTBs) to state tax bureaus (STBs) to strengthen its control over local tax sources, resulting in a change in the intensity of tax enforcement of firms. Exploiting this quasi-natural event, we use a regression discontinuity design to examine the association between tax enforcement and energy efficiency. We find that firms whose taxes are collected by LTBs have significantly higher energy efficiency than firms whose taxes are collected by STBs. Further analysis shows that more lenient tax collection by LTBs eases firms' financial constraints and prompts firms to adopt cleaner energy structures and conduct more green innovation activities to improve energy efficiency. Heterogeneity analyses show that the main effects are more pronounced when the local government has a larger fiscal surplus or faces greater environmental pressure and when firms have no foreign business or a poor financial condition.

This paper investigates the impact of the green credit policy on firms' span of global production stages. We leverage a comprehensive dataset, including customs trade data, industrial firm data, and Chinese Input-Output tables, and employ a difference-in-differences design that accounts for the pollution spillover effect within the production network. Our findings indicate that firms in pollution-intensive industries tend to move downstream in the global production line, accompanied by an expansion in the span of production stages. We present evidence that the broader range of production stages can be attributed to increased firm productivity. The effect is more pronounced for hybrid processing firms, private firms, foreign firms, and those in industries that rely on external finance dependence. Our study provides valuable insights into the impact of green credit policies and sheds light on firms' strategies in the context of green development.

Safety has been a consistent issue with the rise of transportation network companies (TNCs), especially in China with annual revenue exceeding 1.5 trillion CNY. In this paper, we explore intrinsic factors that can influence the risky behavior of TNC drivers by investigating the link between their economic preference parameters and traffic violations. We measure the economic preferences of 160 full-time drivers on a large Chinese TNC platform and examine their violations over the previous 13 months. We have four major findings. First, more risk-averse drivers have less violations. Second, present bias and patience do not affect drivers' risky behavior except that more patient drivers commit more direction|sign violations, which may have been caused by the higher expectation of the gain from such a violation of patient drivers. Third, reciprocity reduces violations of all types. Drivers' belief of other people's pro-social inclination only affects dangerous violations with long duration, i.e., speeding, in which case they take advantage of other people's attentiveness. And finally, we find no evidence of driver fatigue. These results highlight how the advantage of TNC platforms in managing drivers' incentive can affect the negative externality drivers impose through risky driving behavior, and hence provide policy implications.

The prevailing literature posits a linear relationship between urbanization and food security. Using a policy in China that promotes government-led urbanization through creating cities, specifically city–county merger, we show the existence of a non-linear relationship. Based on the time-dynamic results obtained using national county-level panel data from 2000 to 2020, a potential non-linear characteristic of both decreasing and increasing trends before eventually dissipating has been identified. Mechanism analysis demonstrates that the city–county merger negatively impacts food security by causing labor mobility and cultivated land factor loss. However, the policy's integration of regional markets fosters quality and efficiency improvement in agriculture. The effects of amplified resource pressure and efficiency gains have opposing impacts that vary over time, ultimately resulting in a non-linear relationship. These insights into the debate on urbanization and food security have important policy implications for regions worldwide that are experiencing rapid urbanization, particularly for developing countries.

This study investigates the long-term efficiency of the long-run end-number license plate driving restriction in China, a traffic control policy that is partially aimed at reducing urban air pollution. A difference-in-differences regression is performed on a panel including nine cities that implemented this policy in staggered manner between 2008 and 2013. The results show that overall, this driving restriction does not improve air pollution in policy cities over the long-term. Quantitatively, the city-level air quality index has close-zero statistically insignificant changes by the policy, reaching only 3.9% reduction by 95% confidence interval lower bound of the estimate, translating to welfare gains of only 11.24 USD (70.62 CNY) per person per year, or 0.447 life years per capita. Further analysis with regression discontinuity in time and heterogeneity subgroup analysis illustrates that air pollution may first decrease due to the policy but then bounce back because of the behavioral adaptations of drivers purchasing a second car in cities without simultaneous car purchase restrictions. This shows that need to combine the end-number license plate policy with car purchase restrictions or electric vehicle promotions to achieve effective air pollution reductions over the long-term.