Table of Content

16 August 2023, Volume 43 Issue 8

Previous Issue    Next Issue

THE IMPACT OF GREEN MANUFACTURING TECHNOLOGY INNOVATION ON THE GREEN DEVELOPMENT OF MANUFACTURING INDUSTRIES

TIAN Xiaoxiao, GUO Kesha

2023, 43(8):  4-17. 

Asbtract ( )   PDF (2090KB) ( )  

Related Articles | Metrics

This paper studies the impact of green manufacturing technology innovation on the green development of manufacturing industries Based on the data of 27 manufacturing industries in China from 2003 to 2019 and from the perspective of the heterogeneity of polluting industries，this paper empirically examines the relationship between green manufacturing technology innovation and the green development of manufacturing industries Moreover，this paper analyzes the influencing mechanism and path of green manufacturing technology innovation on the green development of manufacturing industries under the “carbon peak and neutrality” goals The main conclusions are：（1）Green manufacturing technology innovation can significantly improve the green development of manufacturing industries （2）The green manufacturing technology innovation has a more obvious effect on the green development of the heavily polluting manufacturing industries （3）Green manufacturing technology innovation can promote the green development of manufacturing industries through the effect of energy saving and emission reduction，the effect of energy structure optimization，the effect of knowledge spillover and the effect of green and advanced industrial structure From the conclusions，the following policy recommendations are drawn：we should encourage the manufacturing industries to carry out green manufacturing technology innovation and adopt appropriate incentive and restraint mechanisms；we should advance energy structure optimization，and promote the construction of an efficient and lowcarbon energy manufacturing system；we should improve the intellectual property protection system of green manufacturing technology innovation to enhance the ability to transform green manufacturing technology innovation achievements；we should promote the green and advanced development of the industrial structure，and form an industrial structure dominated by green knowledge and green manufacturing technologyintensive industries


THE SEQUENCE OF DECENTRALIZATION AND THE ACTUAL TAX BURDEN OF ENTERPRISES

ZHAN Xinyu, JIN Qu

2023, 43(8):  18-31. 

Asbtract ( )   PDF (1736KB) ( )  

Related Articles | Metrics

There are sequential differences in Chinese style decentralization reforms such as “strengthening county power” and “provincially administered counties” The first one is to implement decentralization in the field of finance first，and then in the economic and social field；the second one is to implement decentralization in the economic and social field first，and then in the field of finance；and the third one is to implement decentralization simultaneously in the finance field and in the economic and social field These three types of decentralization reform have different effects on taxation efforts，and thus have asymmetric effects on the actual tax burden of enterprises This paper matches the data of Chinese industrial enterprises with countylevel data and establishes a staggered DID model to study the influence and mechanism of the sequence of decentralization on the actual tax burden of enterprises The study confirms that implementing decentralization in the finance field first and then in the economic and social field can reduce the actual tax burden of enterprises For areas with administrative decentralization in advance，the actual tax burden of enterprises has been increased after decentralization reform For enterprises in regions where the two fields are decentralized simultaneously，the actual tax burden does not change significantly Mechanism analysis finds that the fiscal pressure of countylevel governments will be reduced and taxation efforts will decrease after the decentralization sequence of “finance field first，economic and social field later”；the fiscal pressure of countylevel governments has increased after the decentralization sequence of “economic and social field first，finance field later”，and taxation efforts have been strengthened；after the “parallel decentralization” sequence of decentralization，countylevel fiscal pressures remain relatively unchanged，and tax efforts remain unchanged Based on the research conclusions，this paper suggests that local governments should consider the decentralization sequence，improve the local tax system，and improve the local government tax collection and supervision mechanism


THE IMPACT OF CIRCULATION INDUSTRY DEVELOPMENT ON LABOR INCOME SHARE

2023, 43(8):  32-45. 

Asbtract ( )   PDF (2027KB) ( )  

Related Articles | Metrics

The labor income share is a direct manifestation of the people sharing the fruits of social development，and continuously increasing the share of labor income is one of the important measures to optimize the initial distribution of the national economy and promote the sharing of economic development achievements The circulation process in the market economy is the centralized domain of commodity exchange relations，which concerns the realization and coordination of commodity values and the economic interests of different owners behind them，and thus has an important impact on the labor income share This paper examines the impact of the circulation industry development on labor income share，and further examines the threshold effect of stateowned capital in the context of Chinas socialist market economy system It is found that the development of the circulation industry can increase the labor income share，but the enhancement effect is weakened after the share of stateowned capital in the circulation sector exceeds a certain percentage Further heterogeneity analysis finds that the degree of government intervention and the level of Internet development affect the enhancement effect of the circulation industry development on labor income share The findings of this paper provide new policy insights for innovating modern circulation system and promoting the increase of labor income share


THE DECISION OF ONECHILDS HOUSEHOLD COMMERCIAL INSURANCE CONSUMPTION——Evidence from the China Family Panel Studies

2023, 43(8):  46-57. 

Asbtract ( )   PDF (1736KB) ( )  

Related Articles | Metrics

The onechild （OC）policy is undoubtedly one of the most farreaching policies that has significantly impacted Chinese families and population structure in the past thirty years The unique “onechild” property of these individuals may influence families decisions regarding commercial insurance purchases through various channels Based on data from the China Family Panel Studies （CFPS），this paper shows that OCs are less likely to purchase family insurance compared to nonOCs To explain it，this paper delves into four primary channels：financial knowledge，risk attitude，social interaction，and trust The first two channels are closely related to the concept of risk diversification，while the latter two are connected to the inherent trust property of insurance due to information asymmetry However，the research finds no significant differences between OC and nonOC individuals concerning financial knowledge and risk attitude，even when considering their economic status Instead，the actual reasons are that OCs have fewer social interactions and lower degrees of trust than nonOCs Both aspects suggest that OCs are less socially active than nonOCs


DOES FINANCIALENTERPRISE ALLIANCE PROMOTE THE PERFORMANCE OF LISTED COMPANIES——Evidence from the Strategic Alliance between Financial Institutions and Listed Companies

LEI Jinghua, ZOU Yuanfang, HUANG Bo, WANG Wanglong

2023, 43(8):  58-71. 

Asbtract ( )   PDF (2008KB) ( )  

Related Articles | Metrics

Strategic alliances between listed companies and financial institutions are an important way to improve performance This paper collects announcements from Chinese Alisted companies and empirically analyzes the impact of the establishment of the financialenterprise alliances on performance The results show that the establishment of financialenterprise alliances can improve performance by enhancing the level of risktaking，reducing operating costs，and improving financing level，but it also increases the risk of “financialization” In addition，alliances between enterprises and securities and insurance financial institutions are more effective Financialenterprise alliances significantly improve the performance of nonstateowned enterprises and enterprises in areas with lower degree of marketization，and alleviate the imbalance in financial resources


MINIMUM WAGE，LABOR INTENSITY AND FIRM EXIT

WANG Yaqi, HU Chen, LU Bing

2023, 43(8):  72-84. 

Asbtract ( )   PDF (1710KB) ( )  

Related Articles | Metrics

Based on matched data from Chinas Annual Survey of Industrial Firms database and monthly minimum wage data spanning from 1998 to 2013，this study examines the impact of minimum wage increases on firm exit and investigates the varying responses of firms with different levels of labor intensity The empirical findings reveal that raising the minimum wage raises the likelihood of laborintensive firms exiting while reducing the likelihood of capitalintensive firms exiting Mechanism tests further indicate that the minimum wage increase influences a firms markup，market share，and productivity，consequently affecting its profitability and likelihood of exit Overall，our results suggest that minimum wage hikes contribute to the deepening of industrial capital and foster highquality economic development


HOW DOES MARKET POWER AFFECT LABOR SHARE：ANALYSIS BASED ON DEVIATION EFFECT

ZHAO Weiguang, LI Wei, LI Kai

2023, 43(8):  85-98. 

Asbtract ( )   PDF (1816KB) ( )  

Related Articles | Metrics

The deviation of labor remuneration from labor contribution is one of the problems to be solved in the process of promoting the construction of common prosperity in China In an imperfect competitive market，the share of labor income depends on the market strength of the enterprise Based on the data of Chinese industrial enterprises from 1998 to 2013，this paper builds a theoretical framework that includes both products and labor market powers This paper finds that product market power will make the actual output of enterprises lower than the optimal output of the market，and then act on the labor income share through the demand deviation effect of labor factors Labor market power will make the wage level of employees lower than their marginal product income，and then act on the share of labor income through wage deviation effect More importantly，when there is a correlation between products and labor market power，the product market regulation policy intended to improve the labor income share will make the labor income share tend to decline This means that policy reforms that simultaneously eliminate product and labor market powers can achieve optimal policy outcomes


RESEARCH ON THE IMPACT OF TARGETED POVERTY ALLEVIATION POLICIES ON RURAL FAMILY EDUCATION INVESTMENT

LIU Aolong , SHANG Chenxi , LI Yanan

2023, 43(8):  99-112. 

Asbtract ( )   PDF (2214KB) ( )  

Related Articles | Metrics

Based on the data of the China Household Finance Survey （CHFS）in 2013，2015 and 2017，this paper uses the PSMDID method to evaluate the impact of targeted poverty alleviation policies on rural family education investment，and further analyzes its mechanism in depth The study finds that the targeted poverty alleviation policy significantly increases the probability of education investment of rural families and expands the per capita education investment expenditure of rural families This effect remains significant after a series of robustness tests Further analysis shows that there are regional differences in the impact of targeted poverty alleviation policies on rural family education investment The probability and per capita education investment scale of rural families in western China have increased significantly Mechanism analysis confirms that the targeted poverty alleviation policy increases the education investment in rural family by increasing rural household operating income and transfer income，reducing the burden of family medical care and the burden of the elderly This paper provides a reference for further consolidating the achievements of poverty alleviation and promoting rural revitalization