Table of Content

16 May 2019, Volume 39 Issue 5

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THE SPATIAL EFFECTS OF BEIJINGTIANJINHEBEI REGION S SMOG POLLUTION, INDUSTRIAL STRUCTURE AND URBANIZATION

DAI Hongwei,HUI Ying

2019, 39(5):  4-19. 

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BeijingTianjinHebei region is hit especially hard by the fog pollution in ChinaIt must put out more higher requirement after Xiongan New Area setting upResearch on the spatial autocorrelation of 13 cities  smog pollution in BeijingTianjinHebei region, the results indicate that it has obvious spatial spillover effects, and it also shows the characteristics of “highhigh” and “lowlow” agglomerationBased on the panel data of 13 cites in BeijingTianjinHebei region from 2000 to 2012 years, using three kinds of spatial weight matrices, we build a Durbin modelResult that the smog pollution is significant relation with industrial structure and urbanization under the background of coordinated development of BeijingTianjinHebeiThere is a “inverse Ushape” curve relationship between the smog and industrial structure, which mean that industrial structure and urbanization will aggravate smog pollution of itself and its neighborhoods, while urbanization has the positive and negative effects to smog pollution of its neighborhoodsWith the optimizing of industrial structure and the higher quality of urbanization, it will improve smog pollution in BeijingTianjinHebei regionThe real GDP per capita, FDI, dependent on foreign trade and population density will also imposed positive and negative effect on smog pollution in BeijingTianjinHebei region and its neighborhoods

HABIT FORMATION, INCOME STRATA HETEROGENEITY AND CHINESE URBAN RESIDENTS  CONSUMPTION

ZANG Xuheng1,CHEN Hao2

2019, 39(5):  20-32. 

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Habit formation is one of basic characteristics of residents  consumption behavior, and the income strata heterogeneity is the main reflect of the difference of their endowmentIn order to explore ways to expand residents  consumption, this paper aims to study the consumption behavior of urban residents by combing themBased on the income strata hypothesis of consumption function and panel SUR, we find that residents  consumption shows significant habit formation which shows obvious strata heterogeneitySpecifically, lowincome residents have weaker habit motivation and higher consumption propensity, the habit motivation of middleincome residents is stronger and their behavior is prudent, and highincome residents status consumption is activeThe income distribution structure of Pyramid type, the expanding but prudent middleincome residents and the outflow of status consumption have restrained residents  consumption jointly, and the relative shortage of residents consumption is mainly a structural problemWe should try to build a longterm mechanism from the supply side according to the characteristics of every income strata, promote the steady growth of lowincome residents income, weaken the prudence of middleincome residents, and improve the quality and grade of domestic consumer goods

IMPACT OF ENTERPRISE HETEROGENEITY AND EXPORT ON WAGE PREMIUM IN CHINA—— Based on the Empirical Research from the CIED Data

SUN Jingshui,DING Ning

2019, 39(5):  33-47. 

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This paper reveals the influence mechanism of firm heterogeneity and export on wage premium, which is based on the theory of firm heterogeneityThis paper empirically tests the impact of firm heterogeneity and export on wage premium, which is based on the microdata of Chinas industrial enterprisesThe results of research are as followsFirst of all, firm heterogeneity has a significant impact on wage premiumThe enterprise innovation ability, the enterprise productivity, the capital intensity and the technology intensity, the enterprise performance all have a significant positive impact on the wage premiumThe higher of innovation capacity, the higher of the productivity level and the better performance generate the more obvious of wage premiumSecond, export and export subsidies can bring a significant wage premiumThe wage premium has an inverted Ushaped relationship with export intensity and export subsidy intensityThird, human capital (education level, job title, skill) also has a significant positive effect on wage premiumThe higher the level of human capital is, the more obvious the wage premium isIn addition, large enterprises, central enterprises, foreign enterprises and coastal enterprises all have obvious wage premiumThe conclusions above provide important policy implications

THE NONLINEAR PASSTHROUGH EFFECT OF RMB EXCHANGE RATE ON EXPORT PRICES——Analysis Considering the Influence of Expectation#br#

LI Yanli,ZHANG Zhixiang

2019, 39(5):  48-59. 

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The payment time is mostly in the future in foreign tradeThe expectations of future exchange rate changes will affect the passthrough effect of exchange rate on export prices, resulting in nonlinear characteristics of exchange rate passthroughThis paper theoretically analyzes this phenomenon and the results show that when the extent of exchange rate change in the future are expected to be large, the exchange rate passthrough degree will decline or there may even be a negative passthroughIn the empirical study, we analyze the passthrough effect of RMB exchange rate on export prices under the exchange rate expectation with data from January 1999 to July 2016 using the STR modelWe find that when the extent of expected change in RMB exchange rate is small, the exchange rate passthrough coefficient is positive, and the RMB appreciation will lead to an increase in export prices and the devaluation will lead to decline in export pricesWhen the extent of expected change in RMB exchange rate reached a certain threshold, the appreciation of the RMB will lead to drop in export prices, and the devaluation will lead to rise in export pricesTherefore, it is necessary for the monetary authorities to pay attention to the impact of exchange rate expectations on prices of and demand for imports and exports, especially when the expectation of exchange rate change is large

HOW CHSR CONSTRUCTION DRIVES THE INNOVATION OF ENTERPRISES——An Empirical Study Based on FacetoFace Contact Theory#br#

GUO Jin,BAI Junhong

2019, 39(5):  60-74. 

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In this paper, we carried out a theoretical analysis based on FacetoFace Contact Theory with the perspective of knowledge spillover, and pointed out that CHSR created convenient transportation conditions for enterprises to searching appropriate partnering companyIn the empirical analysis part, we tested CHSRs policy effects, function mechanism and economic consequences by applying data of Ashare companies in SSE and SZSEThe conclusion indicated as followCHSR had raised enterprises innovation output measured by patent authorization quantityThis effect was still significant in bandwidth sensitivity testing and discontinuities placebo testing, but showed heterogeneity among different scales of enterprisesThe economic consequences analysis which applying TFP to measure enterprises production efficiency indicated that CHSR had improved the marginal contribution of enterprises innovation output

THE LINK BETWEEN CHINAS FREIGHT VOLUME AND ECONOMIC GROWTH IN THE PERSPECTIVE OF COUPLING AND DECOUPLING

GAO Minxue,LI Yukun,LI Jingping

2019, 39(5):  75-87. 

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In the perspective of coupling and decoupling, this paper uses the GDP elasticity of freight volume to assess the link between China s freight transport and economic growth and finds that their link in 19882016 has undergone an evolution from Decoupling (19881998), to Tending to Coupling (19992003), to Coupling (20042013), then to Decoupling Sign (20142016)In order to explore the mechanism of the link, this paper summarizes the influencing factors from the supply and demand framework of freight transport and economy and then constructs the SVAR model to test the theoryThe empirical analysis indicates that the increasing share of the industry in the economic production and the improvement of transportation infrastructure have a significant positive effect on the GDP elasticity of freight volumeWith the continuous largescale construction of Chinas transportation industry, the impact of transportation infrastructure factors on the GDP elasticity of freight volume has been weakened, but the impact of evolution of industrial structure on the GDP elasticity of freight volume has become increasingly prominentThis paper argues that Chinas transportation system should support and lead the highquality development of the economy and its development model has reached an important node from focusing on scale and speed to focusing on quality and efficiency

RANKING MOBILITY AND ENTERPRISE INNOVATION——An Analysis Based on the Perspective of Legitimacy#br#

ZHAO Jing,CHEN Xuanyu,LI Ran

2019, 39(5):  88-102. 

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As a piece of public information that takes both horizontal and vertical comparisons into consideration, enterprises  rankings are external signals representing the organizational legitimacy which has a crucial influence on enterprises confidence, stakeholders  supports, resources and informationThus, they will inhibit the development of innovation activitiesAccording to this point, this paper intends to explore the impact of ranking mobility on enterprise innovation activities based on the perspective of organizational legitimacyThis article takes China s Top 500 Enterprises listed on Shanghai and Shenzhen A stock market for examples, analyzing the panel data from 2011 to 2015This study found that when the rankings rise, enterprise innovation intensity will be significantly promotedWhen the rankings descend continuously, the enterprise innovation intensity decreases significantlyThe technical background of executives is a factor which cannot be ignoredWhen the ability of enterprises gets improved, enterprises tend to gain more competitive advantages by investing in the innovationThis is one reason why competitive enterprises become stronger and stronger

RESEARCH ON INEQUALITY OF LEISURE CONSUMPTION OF RESIDENTS——Taking Beijing as an Example

WANG Qiyan,WEI Jiajia

2019, 39(5):  103-112. 

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Leisure consumption includes leisure time consumption and leisure consumption expenditureTake Beijing as an example to discuss the inequality of residents leisure consumptionLeisure time consumption and leisure consumption expenditure inequality become more and more significantKmeans clustering is used to characterize the difference in leisure time consumptionLeisure time and income are the main factors affecting leisure consumption expenditureWith the passage of the year, leisure time has gradually become the main factor affecting the leisure consumption expenditure of high educated groups, and the pulling effect of income has gradually weakenedAlthough increasing the income of loweducated group effectively improves the level of leisure consumption, the intersection of income and year is not significant