Economic Analysis and Policy最新文献

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Unified market regulation and corporate regulatory capture: Evidence from China’s law enforcement reform 统一市场监管与企业监管俘获：来自中国执法改革的证据

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01 DOI: 10.1016/j.eap.2026.01.008

Yizao Chen , Shengyuan Wang , Xinru Yue , Hongjian Yu

How governments regulate the market to ensure fair competition remains a challenge. A key factor is the allocation of enforcement authority within market regulation. In 2018, China established the Administration for Market Regulation, unifying its regulatory enforcement authority and ending a long-standing decentralized system. Using this regulatory enforcement reform, this study examines the impact of unified market regulation on corporate regulatory capture. It finds that unified market regulation significantly reduces corporate regulatory capture expenditure. Mechanism analysis shows that the reform increases the cost and difficulty of regulatory collusion by strengthening mechanisms of administrative accountability and authority constraints, thereby suppressing corporate regulatory capture. Heterogeneity analysis reveals that the suppressive effect of unified market regulation on corporate regulatory capture is greater among firms with stronger motives for regulatory capture (poorer product quality, weaker social capital, and lower market performance), lower policy uncertainty, and in regions with a stronger integrity culture. Finally, this study finds that unified market regulation generates significant information and innovation spillover effects.

政府如何监管市场以确保公平竞争仍然是一个挑战。一个关键因素是在市场监管范围内分配执法权力。2018年，中国成立了市场监督管理总局，统一了监管执法权限，结束了长期分散的体制。利用这一监管执行改革，本研究考察了统一市场监管对企业监管俘获的影响。研究发现，统一的市场监管显著降低了企业的监管捕获支出。机制分析表明，改革通过强化行政问责机制和权力约束机制，提高监管合谋的成本和难度，从而抑制企业的监管俘获。异质性分析表明，在监管捕获动机较强（产品质量较差、社会资本较弱、市场绩效较低）、政策不确定性较低以及诚信文化较强的地区，统一市场监管对企业监管捕获的抑制作用更大。最后，研究发现统一的市场监管产生了显著的信息溢出效应和创新溢出效应。

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Performance-based research funding allocation for excellence: Evidence from central and western Chinese higher education institutions 基于绩效的卓越研究经费分配：来自中国中西部高等教育机构的证据

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01 DOI: 10.1016/j.eap.2025.07.046

Yuzhen Tian , Kok Fong See , Bo Hsiao

Research funds from the government play an essential role in the scientific research of public higher educational institutions (HEIs). To promote the development of central and western HEIs, the government, as a central decision maker, has increased the financial budget for research through educational policy. To achieve better improvement under this funding limitation, it is necessary to develop a reasonable resource allocation plan. Thus, a novel two-stage network DEA method with shared input is proposed to address this issue. Considering the roles of other HEIs in the allocation process, this study further combines the concept of cross-efficiency to obtain an optimal allocation plan. Finally, the proposed method is applied to reallocate government funds among the evaluated central and western HEIs (“Revitalization plan” HEIs), share them in each stage without decreasing efficiency, and set the output target simultaneously. The results show that the output will achieve a significant increase in the whole evaluated HEI after the reallocation of government funds. Moreover, the in-depth analysis provides a direction for future fund allocation for the government.

政府的研究经费在公立高等学校的科学研究中起着至关重要的作用。为促进中西部高等学校的发展，政府作为中央决策者，通过教育政策增加了研究的财政预算。为了在这种资金限制下更好地改善，有必要制定合理的资源分配计划。为此，本文提出了一种具有共享输入的两阶段网络DEA方法。考虑到其他高校在分配过程中的作用，本研究进一步结合交叉效率的概念，得出最优分配方案。最后，将该方法应用于被评估的中西部高校（“振兴计划”高校）之间的政府资金再分配，在不降低效率的情况下，在各阶段共享，并同时设定产出目标。结果表明，政府资金重新配置后，评价的高企企业整体产出将实现显著增长。此外，深入的分析为政府未来的资金配置提供了方向。

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引用次数: 0

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01

引用次数: 0

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01

引用次数: 0

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01

引用次数: 0

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01

引用次数: 0

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01

引用次数: 0

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01

引用次数: 0

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01

引用次数: 0

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-01-01

引用次数: 0

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