Economic Growth In China Research Articles

Exploring the nexus between mineral policies, natural resource utilization, and green reforms for driving economic growth in China

The rapid economic growth fueled by resource-intensive industries has made China a global power, but only at high environmental costs. This study examined the complex relationship between China's mineral policies, appropriation of natural resources, green reform, and the ultimate impact on economic growth. Using data from the China Statistical Yearbook and Ministry of National Resources, running back to 1986 through 2022-all with a detailed regression analysis approach. It incorporates a Vector Error Correction Model (VECM) to examine the relationships between natural financing, GDP, and debt levels; it uses Wald test estimates to uncover accurate connections in Corporate Social Responsibility (CSR). These findings suggest that although mineral-intensive industries have reigned supreme in making China an economically powerful nation, green reforms need to be implemented to slow the degradation of our environment. What we need are changes aimed at continuing but sustainable growth. This is further evidence of the contribution of green initiatives to economic prosperity. Facing a world worried about climate change and resource scarcity, how China walks the tightrope between economic development goals and ecological sustainability is significant to China and international society. Policymakers, industries, and environmentalists can derive significant insights from this study by emphasizing the inextricable link between environmental stewardship and sustained economic growth.

Empirical Study on the Impact of Digital Finance on Commercial Credit Allocation in SMEs

Against the backdrop of rapid digital finance development, the effective allocation of commercial credit to small and medium enterprises (SMEs) has become a crucial issue in China's economic growth. This study, based on data from Chinese listed SMEs from 2011 to 2021, examines the impact of digital finance development on the allocation of commercial credit to SMEs and its mechanisms. The findings indicate that digital finance significantly reduces both the demand for commercial credit financing and the supply of commercial credit to SMEs, a conclusion that holds even after robustness tests. Mechanism tests confirm that digital finance achieves this by easing financing constraints and reducing information asymmetry. Furthermore, digital finance exerts a heterogeneous impact on SMEs of different types and regions, leading to several pertinent recommendations.

Do high house prices promote the development of China's real economy? Empirical evidence based on the decomposition of real estate price.

Moderate rising of house prices are beneficial to the economic development. However, over high house prices worsen the economic distortions and thus hinder the development of the real economy. We use the stochastic frontier models to calculate the fundamental value in the housing in Chinese large and medium cities, and then obtain indexes which could measure the house prices' deviations from the fundamental value. With the macroeconomic data in the city-level, this paper empirically investigates the effects of the house prices' deviations on macro-economic variables like consumption, investment and output. The study reveals that the housing bubble exists in most Chinese cities, and first-tier cities fare the worst. House prices over the fundamental value, which could increase the scale of real estate investment, bring adverse impacts on GDP, as it causes declining civilian consumption and discourages real economy's investment and production. The encouragement and the discouragement on macroeconomy caused by house prices' deviation from its basic value take turns to play a key role in the process of China' eco-nomic growth. In the early stage of China's economic growth, the encouragement effect predominates. As urbanization and industrialization gradually upgrade to a higher level, the discouragement effect takes charge.

The dynamic role of technological innovations and energy structure in China's industrial coal consumption growth: a joint production theoretical decomposition analysis.

China's energy-intensive industries utilize the leading proportion of coal to meet the demand for its industrial outputs, while on the other hand, these industries also assure the provision of livelihood to millions of people, and capping the share of coal consumption for these industries can adversely affect the industrial and economic growth of China. Thus, to achieve the Pareto improvement between environmental pollution and industrial output growth, it is essential to comprehend the patterns of coal consumption in these industries. Hence, the present research intended to analyze the potential drivers of coal consumption by applying a joint LMDI, DEA, and the production theoretical decomposition approach. Findings indices that, first, industrial output growth was the crucial driver to simulate the industrial coal consumption, while the potential coal intensity and coal technology changes exhibited the reverse effect. Second, the coal inputs and industrial output efficiency, along with the improvements in technological gaps, were found to be the imperative factors in decelerating coal consumption. Third, the energy industrial group was discovered to have more potentials of coal conversation as compared to the non-energy industrial group. Moreover, results also indicated that coal pure technical efficiency is accelerating coal growth, which revealed that coal can be saved by enhancing coal allocative efficiency. These findings laid the empirical ground to design a feasible coal conservation policy for achieving the imperative goals of environmental protection without compromising industrial output growth.

Economic Growth in China: The Impact of Globalization

Globalization is an intrinsic part of todays economic exchanges. This research investigates the impact of globalization on Chinas economic development. For inferences, it relies on a comprehensive literature review of relevant material published within the last 10 years. The focal themes in the literature review include knowledge transfer, trade expansion, and FDI. Consequently, the study concludes that globalization has had a substantial impact on China's economic development. It establishes that China has been able to close the technological divide, expand its industrial base, and boost productivity as a result of technology transfer in and out of the country. Furthermore, China has become a major exporter given the trade expansion involved in globalization. The resultant FDI has aided China's economic growth by facilitating infrastructural and industrial growth. China's human capital growth is enhanced by the transmission of knowledge through collaborations and educational exchanges. Future studies should, however, examine the nuances of economic growth through the globalization prism.

Assessing decarbonization: a comparison of the green sacrifice ratio for China and India

ABSTRACT Carbon mitigation and net-zero targets have an important place on the political agenda for all countries. Countries have been seeking to decouple economic growth and carbon emissions to achieve decarbonization. However, there is a cost of the decarbonization of economies, which can be called as Green Sacrifice Ratio (GSR), and this is critical for developing countries because they have been in the growing stage. By considering the critical role of GSR in achieving net-zero emissions by decarbonizing economies, the study comparatively examines how much environmental quality should be sacrificed for per capita economic growth in China and India. In line with this purpose, the study uses the Fourier-Shin cointegration test and various time series estimators with Fourier approximations for the period from 1989/Q1 to 2022/Q4. Estimation results are as follows: (i) all variables follow the non-stationary process, (ii) the long-run relationship exists between variables, and (iii) Estimation results show that GSR is 0.65% for China and 0.78% for India. Therefore, China and India sacrifice a significant amount of environmental quality for a 1% increase in per capita income level. Also, the ecological cost of increasing economic welfare in India is higher with regard to China. Besides, the results are robust according to the alternative method. Thus, the study recommends that both Chinese and Indian policymakers should revise the economic expansion structure with green growth strategies to prevent irreversible environmental degradation due to higher economic growth.

The causal effect and autonomous buffering mechanisms of large-scale internal migration on carbon emissions: evidence from China.

Large-scale internal migration and unprecedented urbanization have dramatically promoted economic growth in China, resulting in a rapid surge in carbon emissions in urban areas. However, few studies have investigated the causal effect of mass internal migration on carbon emissions or examined the effects of autonomous mitigation mechanisms, such as population agglomeration and technological innovation. This study identifies the causal effect of internal migration on prefectural-level cities' carbon emissions in China by employing an instrumental variable and further investigates the buffering effect of population agglomeration and technological innovation using mediating effect models. The results show that mass internal migration has a substantial impact on increasing carbon emissions in prefectural-level cities. If the proportion of inflowed migrants rises by 1% point, prefectural-level cities' carbon emissions per capita will increase by 1.9%. A series of robustness tests confirms the result. Population migration also promotes population agglomeration and technological innovation in urban areas. Two autonomous mechanisms buffer 11.9% and 5.4% of prefectural-level cities' incremental carbon emissions per capita caused by population migration, respectively. This study highlights the crucial role of population agglomeration and technological innovation in mitigating carbon emissions in cities experiencing significant migrant inflows and provides several implications for formulating relevant policies.

Electricity generation and China's GDP growth under dual control policy

To achieve the carbon neutralization plan by 2060, China implemented the “Dual Control” ( Neng Hao Shuang Kong in Chinese) policy in 2015 by limiting the energy intensity and consumption, leading to forced slowdown of energy-related production and consumptions, which in turn hampered China's economic growth. The economic impact of energy shortage has been discussed in such studies as Cheng et al., the economic consequences of the new policy remain unanswered. In this article, we select China's provincial GDP and electricity generation data from 2001 to 2021 to perform causality tests and a double log model which delineates the nexus between GDP growth and electricity generation. We find that (a) electricity generation growth Granger causes GDP growth but not vice versa, and (b) a 1% increase in electricity generation growth will lead to 0.17% increase in GDP growth. The significance of the finding is: as coal still primarily fuels electricity generation, dual control will further hinder China's economic development sans significant enhancement of electric system or expansion of renewable energy, our findings thus support an upgrade of current grid network by China Power International Development; an expansion of renewable capacity such as a proposal of 400 GW new energy project; and construction of energy storage devices such as the CGD Group thermal storage System and Yingcheng Compressed Air Energy Storage System.

ANALISIS DAMPAK SHOCK PERTUMBUHAN EKONOMI MITRA DAGANG UTAMA TERHADAP PERTUMBUHAN EKONOMI DAN KETERBUKAAN PERDAGANGAN INDONESIA

This study aims to analyze the response of Indonesia's economic growth and Indonesia's trade openness with each trading partner to economic growth shocks in Indonesia's main trading partners. This study uses a quantitative approach with the VAR / VECM method by analyzing the impulse response between variables, using time-series data. The sample used in this study amounted to 378 annual data from 1981-2022 sourced from the World Bank and IMF. The results obtained from the response test show that there is a positive response from Indonesia's economic growth to shocks to US economic growth, and a negative response from Indonesia's trade openness with the United States. There is a positive response from Indonesia's economic growth to China's economic growth shocks, and a negative response from Indonesia's trade openness with China. There is a positive response of Indonesia's economic growth and trade openness with Japan to Japan's economic growth shocks. There is a negative response from Indonesia's economic growth and trade openness with Malaysia to shocks in Indonesia's economic growth with Malaysia.

The Impact of International Oil Price Shock on China's Economic Growth

This article takes the impact of international oil price shocks on China's economic growth as the research object, and studies the impact mechanism of international oil price shocks on China's economic development status, providing practical value for the formulation of relevant policies in China. This article selects monthly data from January 2007 to December 2023 as the research interval, and uses the SVAR model to decompose the changes in international oil prices into three different sources of structural oil supply and demand shocks, namely oil supply shocks, oil total demand shocks, and oil specific demand shocks. The research results show that overall, the impact of international oil price shocks on China's economic growth is relatively low. International oil price shocks will have a negative impact on China's economic growth, and the average contribution of the three structural oil supply and demand shocks to China's economic growth does not exceed 13.1%. The impact of specific oil demand shocks on China's economic growth is the greatest, followed by oil supply shocks and total oil demand shocks, which indirectly reflect that China's economic growth is mainly influenced by its own factors.

Factors influencing the transition of China's economic growth momentum

<abstract> <p>Driven by factors such as structural economic shifts, technological breakthroughs, policy changes, and global economic transformations, China's economic growth drivers have continuously evolved. We constructed a panel dataset encompassing 31 provinces in China from 2002 to 2021 and utilized both panel data models and panel quantile models to delve into the underlying factors driving this transition. We further investigated the varying impacts of these factors across different temporal and geographical contexts based on the stage analysis and spatial cluster analysis. The findings revealed that capital accumulation, digital economy, and technological innovation were the major drivers shaping China's economic growth momentum transition, exhibiting significant heterogeneity across different quantile levels. Additionally, we observed heterogeneity in the influencing factors across temporal periods and regions.</p> </abstract>

Exploring the Promotion Mechanism of Innovative Human Capital Flows for Sustainable Economic Growth in China Based on Machine Learning Perspective

Abstract Under the situation of China’s economic development, the sustainability of innovative human capital flows on economic growth is closely related to the state of future economic growth. Based on the analysis of innovative human capital flows, the article measured the stock of human capital flows by combining the expenditure method and also measured the quality index of China’s sustainable economic growth by using the PPM-RAGA model. Based on the data from 30 provinces and cities in China from 2012 to 2022, a spatial econometric model was designed to analyze the impact mechanism of innovative human capital flows on China’s sustainable economic growth and a spatial autocorrelation test was carried out. There was a significant difference in the overall flow of innovative human capital from 2012 to 2022, and the quality index of sustainable economic growth increased from 1.812 to 2.137, with the quality index of sustainable economic growth increases from 1.812 to 2.137, with an increase of 17.94%. There is an obvious global spatial autocorrelation of sustainable economic growth, and every 1% increase in the flow of innovative human capital leads to 0.141% sustainable economic growth in China. The flow of innovative human capital not only promotes the economic growth of the region but also leads to knowledge and technology spillovers that promote the economic growth of neighboring regions.

Production factor changes, spatial spillovers, and regional economic growth in China

Production factor changes, spatial spillovers, and regional economic growth in China

Does years of schooling matter for economic growth at different development levels? New evidence from China

This research paper investigates the relationship between education and economic growth in China from 1989 to 2019 across 27 provinces. The study classifies education into two categories: aggregate education (average years of schooling) and disaggregated education (education divided into compulsory, high school, and higher education). The data is analyzed based on pre‐ and mid‐industrialization periods, and East and West regions, with and without pre‐ and mid‐industrialization, for both levels of education. The findings indicate that the impact of education on China’s economic growth varies by period (pre‐ and mid‐industrialization), region (East and West), and regions with periods (Eastern pre‐industrialization, Western pre‐industrialization, East mid‐industrialization, and West mid‐industrialization) in both aggregate and disaggregated education. According to the research results, the central government should revise its current educational policies to prioritize compulsory education and increase investment. Furthermore, local governments should have more administrative authority to create local educational policies catering to the specific needs of each locality.

碳平衡背景下我国能源消费与经济增长关系的统计分析

碳平衡背景下我国能源消费与经济增长关系的统计分析

Study on the Communication Strategy of Neo-Chinese-Styled Tea Drink Brand CHAGEE on Douyin under the Perspective of Ritual View

In recent years, China's economic growth and rising international status have fueled a surge in consumer confidence and identification with local culture, leading to the emergence of Neo-Chinese-Styled tea drinks. CHAGEE, a representative brand founded in 2017, has rapidly expanded globally with over 4,500 shops, demonstrating the potential of this new tea drink category. This study focuses on the communication strategy of CHAGEE on the short video platform Douyin, examining how the brand leverages the platform's capabilities and adopts a ritual view of communication to engage consumers and promote its Neo-Chinese-Styled tea drinks. Adopting a qualitative research approach, this study utilizes content analysis to examine 189 works released by CHAGEE's official Douyin account. It analyzes how the brand employs brand symbols, cultural images, and interactive content to shape a ritualized brand experience and foster brand loyalty. This study demonstrates that CHAGEE's successful communication strategy on Douyin stems from its effective integration of the ritual view of communication, cultural narrative, and consumer engagement. It provides valuable insights for Neo-Chinese-Styled drink brands seeking to leverage new media platforms for effective brand communication and sustainable growth.

Study on the Transformation of China's Economic Growth Mode and Growth Sustainability

Study on the Transformation of China's Economic Growth Mode and Growth Sustainability

ANALYSIS OF CHINA’S VEHICLE PURCHASE TAX POLICY RESEARCH METHODS: DID MODEL

As the most common means of transportation in China, automobiles have brought considerable challenges to China's infrastructure due to the year-by-year increase in automobile exports in recent years. Therefore, China's policies towards the automotive industry have been different at different times, requiring the use of fiscal policies to guide and support the development of the automotive industry. Vehicle purchase tax (VPT), as an important tax in the automobile sales environment, plays a key role in the development of the automobile industry. This paper uses a difference-in-difference (DID) model to assess the implementation effect of China's third VPT incentives, taking the total monthly sales of vehicles enjoying China's VPT incentives as an explanatory variable, dividing them into a control group and an experimental group according to whether or not they enjoy the incentives, and adding the two influencing factors of the industrial value-added and the CPI as control variables. The results of the study show that China's third VPT incentive policy has had the desired effect, and that passenger automobile sales have continued to grow, boosting automobile consumption and, in turn, China's economic growth.

Study on the Transformation of China's Economic Growth Mode and the Sustainability of Economic Growth in Resource-Based Cities

Study on the Transformation of China's Economic Growth Mode and the Sustainability of Economic Growth in Resource-Based Cities

The Impact of Inflation and Unemployment as Endogenous Variables on Economic Growth in China (2017---2023)

Inflation and unemployment be investigated and determined by this article, through the performance of the Chinese economy over a specific time period, and the association between inflation and unemployment and real gross domestic products(GDP) also be discussed on this article.Granger test technique was employed and various diagnostic tests were conducted to determine the extent to which the data matches the analysis. For example, Whether the time series is smooth (ADF test), time leg, coordination test.Between 2017 and 2022, there will be a significant and positive association in China between the rates of job losses and inflation. There is just a modest negative link between the rate of hyperinflation and the expansion of the economy. The correlation between the rate of joblessness and growth in the economy is both negative and robust. This study was analyzed only covers the period of the years 2017 to 2022.This study is unique because of the regression analysis's conclusions and how the data were interpreted. In the research's conclusion, all relationships between price rises, joblessness, and economic expansion are discussed.