Department of Economics

Department of Economics
Business Building (BS), South Campus
Xi'an Jiaotong-Liverpool University
8 Chongwen Road Suzhou Dushu Lake Science and Education Innovation District , Suzhou Industrial Park
Suzhou,Jiangsu Province,P. R. China,215123

1. The design and simulation of p-type Si/SiGe Terahertz quantum cascade lasers

Author:Chen, QY;Wu, JJ;Fang, Z;Zhao, CZ


Abstract:To prolong upper state lifetime in p-type Si/Si1-xGex Terahertz quantum cascade lasers, a new active region is designed in this work. Using 6 x 6 k . p theory, the eigenvalues and wavefunctions of heavy holes and light holes are firstly calculated in a single SiGe quantum well. The design in the active region of this THz Si/Si1-xGex quantum cascade lasers is then investigated. This work presents a SiGe quantum cascade laser with about 6.84 THz emission in the diagonal transition. The calculations show that about 32 ps of the upper state lifetime and about 9 cm(-1) of optical gain are obtained, which are enhanced when compared to previous designs. (C) 2013 Elsevier Ltd. All rights reserved.
2. Corporate marginal tax rate estimation: Evidence based on China’s listed companies


Source:The State of China's State Capitalism: Evidence of Its Successes and Pitfalls,2018,Vol.

Abstract:This chapter aims at using an innovative method developed by Blouin et al. (Improved estimates of marginal tax rates: why they are needed, approach, and implications. Memo, 2008) to simulate 1041 China’s listed companies’ corporate marginal tax rate, and comparing the changes in marginal tax rate in the context of 2007 tax reform in China. After simulation and comparison, we find that the annual corporate marginal tax rate has greatly decreased after the new tax policy goes into effect. Besides, the tax effects on marginal tax rates vary with industry and across ownership.
3. Understanding Chinese provincial real estate investment: A Global VAR perspective

Author:Chen, Y;He, M;Rudkin, S


Abstract:This article investigates the spatial interdependence within China's real estate industry, a sector assuming increasing importance in the national economy. The Global Vector Autoregressive (GVAR) model allows us to explicitly address the presence of spatial linkages, including spillover and backwash effects, without a stringent requirement on data. Applying the model to monthly Chinese provincial data for the first time we highlight clear advantages in forecasting and steady-state value prediction. We also demonstrate through the contemporaneous correlation coefficients a growing divide between the previously highly industrialized north and the rest of China. The insights provided by our empirical study have clear value to a wide range of audiences, including researchers, policy makers, and business investors.
4. Piece-rates and tournaments: Implications for learning in a cognitively challenging task

Author:So, T;Brown, P;Chaudhuri, A;Ryvkin, D;Cameron, L


Abstract:We compare the impact of piece-rate and tournament payment schemes on learning in a cognitively challenging task. In each one of multiple rounds, subjects are shown two cue values, Cue A and Cue B, and asked to predict the value of a third variable X, which is a noisy function of the two cue values. The subjects' aim is to predict the value of X as accurately as possible. Our metric of performance is the absolute error, i.e., the absolute distance between the actual and predicted values of X. We implement four treatments which are based on two different payment schemes: (1) piece rates, where subjects are paid linearly on the basis of their own absolute errors and (2) a two-person winner-take-all-tournament, where subjects are paired and the one with a smaller absolute error earns a fixed payoff, while the other earns nothing. We find that it is only in the tournament payment scheme, and particularly in a more complex version of the task, that subjects show significant evidence of learning over time, in that their predictions get closer to the actual value of X. This learning process is driven by the all-or-nothing nature of the payoff structure in tournaments. (C) 2017 Elsevier B.V. All rights reserved.
5. The influence of social media on tourists' behaviour. Evidence from China


Source:Revue Europeenne d' Economie et Management des Services,2019,Vol.1

Abstract:The fast development of social media have transformed all sectors of traditional tourism and the way in which tourists travel. In this paper, we investigate the factors that affect the influence of social media on tourists' travel arrangements. Data from 445 respondents in China are collected. Based on IS success model and Expectation-Confirmation model, our results suggest that most of our hypotheses are supported. However, age and gender are two demographic features that affect our suggestions.
6. The effects of urban transformation on productivity spillovers in China

Author:He, M;Chen, Y;van Marrewijk, C


Abstract:We analyze the impact of China?s massive urban-transformation process on productivity spillovers for the east coast electrical apparatus sector by combining the sub-prefecture-level population census data in 2000 and 2010 with detailed firm-level data from 1999 to 2007. At the sub-prefecture level, we identify three types of regions (metro-core, metro-ring, and non-metro) and develop three urban transformation measures (modernization, mobility, and disparity). A tailored spatial Durbin model enables us to distinguish between intra-and inter-regional technology spillovers. The baseline model reveals strong technology spillovers between neighboring firms, particularly those in close range. All three types of urban-transformation measures have significant impacts on technology spillovers. Modernization and mobility boost spillover effects, whereas economic disparity impedes inter-regional spillovers. Based on the structural difference between the three types of regions, our findings imply that metro-ring and non-metro regions are the major beneficiaries of productivity spillovers related to urban transformation.
7. Income inequality in China and the role of fiscal policies: An empirical study of Chinese provincial data

Author:Zhang,Fan;Hung,Juann H.

Source:The State of China's State Capitalism: Evidence of Its Successes and Pitfalls,2018,Vol.

Abstract:This chapter conducts panel regressions using provincial data from 2005 to 2010 to investigate whether China’s fiscal system is effective in mitigating the rise in income inequality in those years. On the revenue side, we find that only operation tax has a significant negative effect on income inequality. Value-added tax (VAT), individual and enterprise income tax all have an insignificant impact on income inequality. We suspect the insignificant effect of progressive individual income tax on income inequality reflects tax evasion by the rich. On the spending side, the results indicate that all government expenditures have no significant impacts on reducing income inequality. This suggests that, among other possibilities, government spending lacks efficiency or pays insufficient attention to the needy.
8. Innovation networks and cluster dynamics

Author:Desmarchelier, B;Zhang, LJ


Abstract:Contributions in terms of clusters life cycle indicate that intense interactions between a variety of agents within a cluster are essential to its success. Despite being accepted by the literature, to our knowledge, this view has not yet been confirmed by analyses of large temporal networks of interactions within industrial clusters. The paper proposes to fill this gap and to show that network analysis can explain clusters success, failure, and transition from one phase of the life cycle to another. In this perspective, we build and study the innovation networks of three clusters over a 10-year period. We find that clusters' growth is all but smooth and that low assortativity and preferential attachment among agents can constitute safeguards against clusters decline. These observations support contributions advocating for non-deterministic life cycles in which clusters can still grow, even after a period of pronounced decline.
9. Local Government Fiscal Policy, Social Capital and Electoral Payoff: Evidence across Italian Municipalities

Author:Batinti, A;Andriani, L;Filippetti, A


Abstract:Citizens' attitudes and reactions to policymakers' decisions depend on several factors, including informal institutions. The novelty of this paper is to use social capital as a moderator factor to shed light on the relationship between fiscal policies and electoral outcomes. We investigate this relationship using a sample of 6,000 Italian municipalities over the period 2003-2012 and use a Conditional Logit Matching model comparing incumbents to challengers' characteristics within each election. We find that social capital increases the odds of the re-election of incumbent mayors who adopted a local fiscal policy more oriented towards capital investment (versus current expenditure) and towards property tax (versus income surcharge). This suggests that social capital encourages governmental functions and public policies improving long-term economic commitments, institutional transparency, and accountability. It also shows that decentralization works relatively better with social capital.
10. Product space and the development of nations: A model of product diversification

Author:Desmarchelier, B;Regis, PJ;Salike, N


Abstract:Hidalgo et al. (2007), Hidalgo and Hausmann (2009), and Hausmann and Hidalgo (2011) propose an outcome-based product space in which development traps can emerge due to low connectivity between products and countries' lack of productive capabilities. A recent stream of research suggests that this product space can be used as an instrument to guide public policy. To assess the potential effects of these policies on an economy's export performance, and on the ones of its competitors, we build a micro-founded simulation model of the evolution of countries' positions on the product space. We find that export subsidies and polices aiming at improving firm's innovation capabilities can be effective tools for increasing a country' export performance; however, this increase occurs at the expense of competing countries, as they support unpredictable changes in the variety of their exports. (C) 2017 Elsevier B.V. All rights reserved.
11. The role of the exchange rate in China’s outward foreign direct investment


Source:The State of China's State Capitalism: Evidence of Its Successes and Pitfalls,2018,Vol.

Abstract:This research estimates the impact of exchange rate and exchange rate volatility on Chinese outward foreign direct investments (OFDI) utilizing panel data in 21 countries from 2004 to 2013. A basic gravity model and fixed effect model are applied to find that both market-seeking motivation and economic openness are positive determinants for Chinese OFDI. A depreciated host country currency is more favorable for Chinese OFDI. On the contrary, exchange rate volatility has adverse effects, meaning Chinese OFDI declines with exchange rate volatility. There is no obvious evidence to support that China has a preference to choose developed or developing countries as its OFDI host countries.
12. The rise in China’s gender income inequality

Author:Sun,Qi;Hung,Juann H.

Source:The State of China's State Capitalism: Evidence of Its Successes and Pitfalls,2018,Vol.

Abstract:This research aims to shed light on the causes of the rising gender income gap in China. We first apply the Oaxaca-Blinder decomposition method (Oaxaca, Int Eco Rev 14: 693-709, 1973; Blinder, J Hum Res 8: 436-455, 1973) to our survey data to estimate the extent to which that gap can be explained by the difference in human capital characteristics (such as years of education and years of experience). We find that a rising discrimination against females (either due to tradition or otherwise) is not the main cause of the rising gender income gap in China. Instead, we present evidence to propose that two of the three main drivers of China’s economic growth-namely, privatization and urbanization-very likely have contributed to the rise in China’s gender income gap.
13. Co-agglomeration of Industrial Enterprises of Different Ownership Types---Based on the Research of City Panel Data

Author:Chen Yidan;He Ming

Source:Industrial Technology & Economy,2014,Vol.33

Abstract:According to the co -agglomeration theory of the NEG , this paper studies industrial enterprises of different ownership types about how to interact on the spatial by city level panel data . It tests the state -owned enterprises and foreign (and Hong Kong , Macao and Taiwan) enterprises whether there is a mutual promoting or inhibiting phenomenon .Meanwhile it examines the traditional social economic variables whether there is a difference between influencing enterprises of different ownership types from the perspective of the NEG .
14. 基于现代投资组合理论的中国入境旅游效率分析



15. Official and Subjective Hotel Attributes Compared: Online Hotel Rates in Shanghai

Author:Andersson, DE;Jia, MF


Abstract:A number of valued attributes determine the room rates that hotels charge. These attributes include not only room quality characteristics, but also access to various shared hotel facilities, service quality and access to amenities beyond the hotel itself. Using Box-Cox-transformed and pre-specified hedonic price functions, this paper reports estimated implicit prices for hotel room attributes in Shanghai. Internet-based hotel rates are regressed against official star ratings, consumer feedback scores and objective attributes, as reported by a global online travel agency. Most attributes are significant in all functional specifications; consumer perceptions-particularly subjective location attractiveness and an index of all-attribute ratings-explain much of the variability within a given star-rating of the hotel. Online ratings are at the same time imperfect substitutes and imperfect complements for official star ratings. The results imply that online ratings are as important in Chinese hotel markets as they are in the most advanced regions of the world.
16. Estimating market power in the Chinese pork-packing industry: a structural approach

Author:Lan, H;Wang, XJ


Abstract:Purpose The purpose of this paper is to investigate market power in the Chinese pork supply chain. The authors aim to explain why a steady rise in prices is observed in the sector, apart from existing evidence on incomplete/asymmetric cost pass-through and concerns of growing concentration and consolidation in the sector. Design/methodology/approach This study uses a new empirical industrial organization model for both oligopoly and oligopsony power to measure the degree of market power exerted on consumers and hog farmers simultaneously. Findings By examining annual panel data across provinces in China, the authors find that both oligopoly and oligopsony powers exist in the pork supply chain. In particular, the authors determine that a higher degree of market power is found to influence prices paid to hog farmers than prices paid by pork consumers. Estimates of key elasticities in the Chinese pork supply chain are also updated based on the structural model estimation and the latest data. Originality/value The empirical evidence draws attention to the issue of food market competition in one of the largest and most important meat-packing markets in China. The authors hope to encourage further discussions on pork and hog market regulations and related public policies.
17. Spillovers and Path Dependences in the Chinese Manufacturing Industry: A Firm-Level Analysis

Author:He, M;Walheer, B


Abstract:In China, numerous policy interventions have been undertaken to promote exports of the manufacturing industry. In this paper, we study how the burgeoning export sector has affected the performance of the manufacturing industry. In particular, we focus our attention on two dimensions: efficiency and technological advancement, and the presence of spillovers and path dependences. The main feature of our empirical study is to distinguish between different types of firms according to their output orientation, ownership, and technology intensity. We also recognize that outputs for domestic use and exports may be produced using different technologies. Our results demonstrate the superiority of multi-output firms in both efficiency and technological advancement. Further, these firms generate strong outgoing spillovers to the industry. In contrast, export-only firms are found to be the most inefficient and technologically underdeveloped, while barely generating outgoing spillovers. In terms of efficiency and technological advancement, we also find that foreign- and privately-owned firms and high-tech firms are the best performers. Finally, we find evidence of strong path dependence and weak absorptive capacities for incoming spillovers in the manufacturing industry. We give targeted policy recommendations based on these findings.
18. Do Asia and Pacific countries compete in corporate tax rates?

Author:Chen, Y;Huang, WH;Regis, PJ


Abstract:Do governments in the emerging Asia and Pacific region independently set corporate tax rates? This paper answers the question and contributes to the growing empirical tax competition literature by (1) generating a predictable tax reaction function considering the lumpy' nature of economic geography; (2) using GMM to estimate the tax reaction functions using panel data of 14 countries in the Asia and Pacific region between 1980 and 2007. We find evidence of strategic fiscal policy interaction. Globalization has positive effects on the interactive policy setting. Country size has also positive effect but the effects are offset when the openness deepens. Furthermore, a substitution relation between capital and labor is implied. Overtime, countries in the Asia and Pacific region seem to become more competitive in corporate tax rates.
19. The state of China’s state capitalism: Evidence of its successes and pitfalls

Author:Hung,Juann H.;Chen,Yang

Source:The State of China's State Capitalism: Evidence of Its Successes and Pitfalls,2018,Vol.

Abstract:This book comprises a collection of well-researched essays on selected contemporary economic and finance issues in China, making a timely contribution to the intellectual intercourse regarding the implications of China’s rise. These essays analyze issues related to the state of China’s ecology, real estate market, inbound and outbound FDI, income inequality, etc., and offer analysis on the policy and institutional causes of those issues. Readers will be able to infer their implications for business opportunities in China and the tradeoff / tension between economic growth and social welfare. Moreover, this book introduces an array of data and data sources useful to scholars and practitioners interested in studying the Chinese model of economic growth. This book will be a valuable resource to journalists and scholars trying to gain insight into China’s extraordinary pace of growth in the past three decades.
20. Corporate tax in Europe: Towards convergence?

Author:Regis, PJ;Cuestas, JC;Chen, Y

Source:ECONOMICS LETTERS,2015,Vol.134

Abstract:In this paper, we analyse whether there has been any convergence in statutory corporate tax rates within a pool of European countries. We find that there has been some degree of convergence; specifically we find four main convergence clubs. (C) 2015 Elsevier B.V. All rights reserved.
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