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Ensuring China's existence as a prosperous and strong nation and political entity has been a key concern in China's modern history....
Strengthening global governance on digital currencies is an urgent issue......
China & World Economy Volume 29 Number 3 May–June 2021
Contents
Does the Belt and Road Initiative Increase the Carbon Emission Intensity of Participating Countries?
Yan Wu, Chunlai Chen, Cong Hu 1
Can “Concerted” Macroprudential Policies Mitigate Cross-border Contagion of Financial Risks? Evidence from China and Its Financially Connected Eco......
China & World Economy / 83–103, Vol. 29, No. 3, 2021
Exploring the Advantages and Disadvantages
of the China–Pakistan Free Trade Agreement
Mirajul Haq, Javeria Saeed, Muhammad Akram
Abstract
This paper explores whether the China–Pakistan Free Trade Agreement (FTA), which entered into effect in 2007, has led to advantages or disadvantages ......
China & World Economy / 104–134, Vol. 29, No. 3, 2021
Impacts of Two Tax Reforms on Inequality and Welfare in China
Yangyang Shen, Shi Li, Xiaobing Wang
Abstract
This paper takes stock of the existing literature on taxation and presents a framework to evaluate the impacts of tax policy reforms from the perspectives of progressivity and socia......
China & World Economy / 55–82, Vol. 29, No. 3, 2021
How Did China Maintain Macroeconomic Stability During 1978–2018?
Ming Feng, David Daokui Li, Shuyu Wu
Abstract
In this paper, we analyze the role of macroeconomic management in developing countries’ economic take-off and structural transformation. We argue that developing countries face t......
China & World Economy / 26–54, Vol. 29, No. 3, 2021
Can “Concerted” Macroprudential Policies Mitigate Cross-border Contagion
of Financial Risks? Evidence from China and Its Financially Connected Economies
Xiaoyu Liu, Xiaoli Chen
Abstract
We construct a connected network between China and the economies that are financially linked to it, ba......
China & World Economy / 1–25, Vol. 29, No. 3, 2021
Does the Belt and Road Initiative Increase
the Carbon Emission Intensity of Participating Countries?
Yan Wu, Chunlai Chen, Cong Hu
Abstract
The impact that the Belt and Road Initiative (BRI) has had on carbon emissions is a hotly debated issue. Using a panel dataset of 178 countries from 20......
GDP | Global Development Perspective
Working Paper No. 21.003
May 25th, 2021
This paper has been accepted for publication in Economic Modelling.
Wages, labor quality, and FDI inflows: a new non-linear approach
Lei Hou, Qi Li, Yanfei Wang, Xintong Yang
Abstract Although theory predicts that locations with lower wages will attract more FDI inflows, t......
GDP | Global Development Perspective
Working Paper No. 21.002
May 12th, 2021
This paper has been published in Journal of Econometrics (2021).
Revisiting the location of FDI in China: A panel data approach with heterogeneous shocks
Lei Hou, Kunpeng Li, Qi Li, Min Ouyang
Abstract: Foreign Direct Investment (FDI) is viewed as a primary driving force i......