Factors In China Research Articles

Understanding the role of China's factors in international commodity price fluctuations: A perspective of monetary-fiscal policy interaction

This paper examines the role of China's factors in international commodity price fluctuations from a perspective of monetary-fiscal policy interaction. We employ a nonlinear Interacted-VAR model to investigate whether the impact of China's monetary policy shocks on international commodity prices is conditional on its fiscal policy stances. Using several measures of China's fiscal policy stance, we estimate their interaction with monetary policy identified through Interacted-VAR analysis. We find that the response of international commodity prices to China's monetary policy is much stronger and more persistent in the presence of its active fiscal policy stance. The empirical findings are very consistent when using several alternative model specifications. Moreover, our analysis suggests that failing to take into account the interaction of monetary-fiscal policies in the model might lead to incorrectly assessing the impact of monetary policy on commodity price fluctuations. In addition, our results reveal the substantial heterogeneity in the impact of China's factors on commodity prices across sectors. These empirical findings offer insights into the interaction of monetary-fiscal policies, as well as the role of China's factors in the international commodity markets.

Financial Mismatch and Total Factor Productivity of Enterprises

Based on the relevant research of domestic and foreign scholars, this paper analyzes the transmission mechanism of the impact of financial mismatch on total factor productivity of enterprises through the intermediary variable of enterprise innovation, and deeply explores the relationship between financial mismatch and total factor productivity of enterprises. It is expected to put forward suggestions for enterprises to improve total factor productivity and China's factor marketization reform, provide a new direction for the next step of state-owned enterprise reform, and provide a basis for promoting China's manufacturing enterprises to transform into innovation driven enterprises.

Online Appendix for “Government Policy and Land Price Dynamics: A Quantitative Assessment of China's Factor Market Reforms”

Online Appendix for “Government Policy and Land Price Dynamics: A Quantitative Assessment of China's Factor Market Reforms”

Measurement of factor price distortion: A new production function method with time-varying elasticity

Factor price distortions affect factor allocation efficiency, which in turn affects the total factor productivity. This paper proposes a new method, the time-varying elasticity production function model, to measure the price distortions of capital and labor factors. The actual price of factors is measured by the factor share method according to national accounting. The empirical research in China from 1978 to 2017 finds: First, from 1978 to 1991, the degree of capital price distortion was greater than 1, and after 1992, it was less than 1, showing a positive distortion. With the reform of the marketization of factors, the distortion of capital prices has been alleviated, and it has generally shown a downward trend. Second, the degree of labor price distortion from 1978 to 2003 was less than 1, and it was greater than 1 since 2004. As the quality of labor improves, the degree of labor price distortion is generally on the rise. Third, the time-varying elasticity production function model can truly describe the actual changes in the income shares of capital and labor in different periods. Based on the time-varying elasticity production function, the Cobb-Douglas production function underestimates the 5.9% of the average capital factor price distortion measure, translog production function underestimates 1.5%. As for labor price distortion, the Cobb-Douglas production function overestimates 5.5%, and translog production function underestimates 5.4%. This study provides a new production function for correctly measuring factor price distortions and helps understand China's factor market reforms and structural changes.

Physiques in Migrant Peasant Worker’s Children by Comparison with Rural and Urban Children in Shanghai, China

Background: a few studies have been conducted which describe health status of Migrant Peasant Worker’s children. However, there are no studies which compare physiques of MPW’s children with those of rural children and urban children. Also, few studies have been done on physiques of MPW’s children as it relates to socioeconomic factors in China. Methods: We examined across-sectional study of 2457 children from Shanghai and Wuhu city in 2011. First, we compared the differences of physiques among three groups by ANOVA. Second, ANCOVA were applied to analyze the associations between the physiques and socioeconomic factors by taking physiques as dependent variables. The independent variables included socioeconomic factors such as the parental occupation, the parental education and family monthly income. Third, ANCOVA were used to assess differences in physiques among the three groups by adjusting socioeconomic factors. Results: There were significant differences in all physical indexes, no matter they were boys and girls (P < .001). Children’s physiques of MPW were smaller than those of children of Citizen in Shanghai City. Among all ages, regardless of gender, Children’s physiques of MPW were bigger than those of children of rural resident. In both boys and girls all indexes displayed statistically significant associations with parental occupations (P < .001). There were strong associations between parental education and all physical indexes (P < .001). Family monthly income was found to be significantly associated with children’s physiques (P < .001). In both boys and girls, there were strong associations between physique and group in all indexes (P < .001), but physiques hardly had any associations with socioeconomic factors. Conclusions: We find that physiques of MPW’s children were smaller than those of children of citizen in Shanghai City, and physiques of MPW’s children were bigger than those of children of rural resident. There are strong associations between physiques and socioeconomic factors.

Analysis of Factors and Countermeasures on Intellectual Property Friction in China's Foreign Trade

In recent years, trade friction related with intellectual property rights in China's foreign trade get increasingly prominent, which is a huge challenge for China. In this article, we will firstly analyze the status of intellectual property friction of China's foreign trade, secondly analyze the China's factors of Chinese foreign trade friction relating to intellectual property rights, and finally put forward strategies on how to tackle intellectual property rights friction from the perspectives of government and enterprises respectively.

Analysis of Factors and Countermeasures on Intellectual Property Friction in China's Foreign Trade

In recent years, trade friction related with intellectual property rights in China's foreign trade get increasingly prominent, which is a huge challenge for China. In this article, we will firstly analyze the status of intellectual property friction of China's foreign trade, secondly analyze the China's factors of Chinese foreign trade friction relating to intellectual property rights, and finally put forward strategies on how to tackle intellectual property rights friction from the perspectives of government and enterprises respectively.

Inter-regional difference of agricultural productivity in China: Distinction between biochemical and machinery technology

Abstract The major objective of this article is to measure the inter-regional difference in agricultural productivity of China, and then to test empirically whether or not some relevant hypotheses with respect to agricultural technology are valid. The analysis shows that biochemical (BC) technological changes account for a significant part of China's agricultural production growth. This result is consistent with the fact that China's factor endowments are characterized by abundant farm labor relative to scarce arable land. Besides, in accordance with the standard theory of market failure, the benefits accruing to BC technological development are not privately appropriable. Thus, it can be hypothesized that the inter-regional difference in BC technological attainment must be closely associated with public spending in agricultural R&E activities at a local level. The random effects model reveals that the BC technological level is high in provinces where the public sectors are seriously committed to R&E activities. In addition, the analysis lends strong support to the validity of the induced innovation hypothesis with respect to M technological progress.

Health strategy and development planning: Lessons from the people's republic of China

In Section I of this paper we present an analytical paradigm by which to evaluate health and medical care services in underdeveloped countries. In Section II, we apply this framework to an analysis of the health policies of one developing country, China. In Section III, we evaluate the Chinese health and medical care policies within the framework of a cost‐benefit analysis and argue that these policies are appropriate to China's factor proportions and health needs. Finally, in Section IV, we raise a number of questions to be considered in any more detailed studies on the transferring of the Chinese services to other developing countries.