Table of Content

25 February 2023, Volume 0 Issue 1 Previous Issue    Next Issue

For Selected:

Download Citations EndNote Reference Manager ProCite BibTeX RefWorks

Toggle Thumbnails

Select

The Mechanism and Empirical Test of Digital Inclusive Finance Promoting Green Total Factor Productivity LIU Rongzeng, LI Zien, HE Chun 2023, (1):  5-16.  doi: 10.16716/j.cnki.65-1030/f.2023.01.001 Abstract ( )   HTML ( )   PDF (1587KB) ( )   Save With the promotion of digital China construction, digital inclusive finance plays an important role in implementing the new development concept and promoting the improvement of green total factor productivity. This paper uses the economic and social data of 30 provinces, municipalities and autonomous regions in China from 2011 to 2020 to study the impact of digital inclusive finance on green total factor productivity using fixed effect model and intermediary effect model. The results show that digital inclusive finance effectively promotes the promotion of green total factor productivity, and this promotion is more obvious in the eastern and western regions. Digital inclusive finance has significant intermediary effect in promoting green total factor productivity, that is, digital inclusive finance improves green total factor productivity through three channels: technological progress, industrial structure upgrading, and technological progress-industrial structure upgrading. In this regard, we should promote the development of digital inclusive finance by improving the regional basic hardware equipment and popularizing the concept of digital inclusive finance, and training professional financial talents, so as to improve total factor productivity. Figures and Tables | References | Related Articles | Metrics

Select

The Fourth Distribution: A Path Study of Chinese Path to Modernization and Common Prosperity LEI Ming 2023, (1):  17-25.  doi: 10.16716/j.cnki.65-1030/f.2023.01.002 Abstract ( )   HTML ( )   PDF (1410KB) ( )   Save The report of the 20th National Congress of the Communist Party of China pointed out that Chinese path to modernization is the modernization of common prosperity for all people. We should improve the distribution system, adhere to the principle of distribution according to work and the coexistence of multiple distribution methods, realize, safeguard and develop the fundamental interests of the overwhelming majority of the people, and firmly promote common prosperity. Based on the theories of income distribution, this paper puts forward the concept of the fourth income distribution, and explores the path to achieve Chinese path to modernization and common prosperity through income distribution based on the primary distribution, supplemented by redistribution, and encouraged the development of the third and fourth distribution. The fourth distribution based on China's poverty alleviation practice is effective supplements to the third distribution. Improving income distribution is of great significance to consolidating the achievements of poverty alleviation and promoting common prosperity.Keywords: the fourth distribution; Chinese path to modernization; common prosperity; distribution system Figures and Tables | References | Related Articles | Metrics

Select

A Study of the Impact of FDI on Green Total Factor Productivity of China's Manufacturing Industry—Based on Panel Data of Manufacturing Industry by Industry CHENG Yunjie, ZHANG Zhifang 2023, (1):  26-37.  doi: 10.16716/j.cnki.65-1030/f.2023.01.003 Abstract ( )   HTML ( )   PDF (1200KB) ( )   Save Green transformation of manufacturing industry is an inevitable requirement to achieve high-quality economic development. Based on the data of sub-sectors in the manufacturing industry from 2006 to 2015, the impact of FDI on the green total factor productivity (GTFP) of China's manufacturing industry are analyzed by employing SBM model, GMM model and threshold effect model. The study finds that FDI has a positive influence on the growth of the overall GTFP of China's manufacturing industry, which has a promoting effect on the growth of GTFP in low environmental regulation industry, but suppresses the growth of GTFP in high environmental regulation industry; The impact of FDI on different factor-intensive industries is heterogeneous. The further study finds that FDI's influence on China's manufacturing industry GTFP has the single threshold effect of environmental regulation. The impact of environmental regulation on FDI on manufacturing GTFP is positive and marginal efficiency is decreasing. After crossing the threshold of environmental regulation, the promoting effect of FDI on GTFP of manufacturing industries with low coal energy dependence is weakened, and the promoting effect on GTFP of manufacturing industries with high coal energy dependence is strengthened. Figures and Tables | References | Related Articles | Metrics

Select

A Study of the Impact of Financial Agglomeration on Green Economic Performance GAO Xiaoyan, ZHAI Zhenshan, FU Saifei 2023, (1):  38-46.  doi: 10.16716/j.cnki.65-1030/f.2023.01.004 Abstract ( )   HTML ( )   PDF (914KB) ( )   Save The green economy is a sustainable economic growth model, and the performance of the green economy is a key indicator to measure the level of green economic development. This paper uses panel data from 30 provinces, municipalities and autonomous regions from 2007 to 2019 to measure the impact of financial agglomeration on the performance of the green economy by constructing the Spatial Dubin Model (SDM) — a spatial measurement model. Studies show that financial agglomeration has a significant role in promoting the performance of the green economy, however, there is heterogeneity in the impact of China's financial agglomeration on the performance of the green economy. Financial agglomeration in the eastern and western regions has a significant positive impact on improving green economic performance, while financial agglomeration in the central region has an insignificant negative impact. Therefore, it is of necessity to continue to promote the high-quality development of finance, strive to expand the opening up, explore the new direction of industrial structure optimization, and adopt more reasonable environmental regulation tools. Meanwhile, The eastern, central and western regions should set differentiated green sustainable development goals from reality, giving full play to their respective advantages, to achieve coordinated development of regional green economy. Figures and Tables | References | Related Articles | Metrics

Select

An Outline of the Science of Economic Violation ZHENG Shiqiao 2023, (1):  47-55.  doi: 10.16716/j.cnki.65-10w30/f.2023.01.005 Abstract ( )   HTML ( )   PDF (1251KB) ( )   Save This paper expounds the construction of science of economic violation from the aspects of the necessity, research object, research content and research methods of economic violation science. The necessity of constructing the science of economic violation has two aspects: one is that the harsh reality of economic violation calls for an in-depth and systematic study of economic violation, and the other is that it is difficult for existing disciplines to carry out in-depth and systematic studies on economic violation. The research object of economic violation is the phenomenon of economic violation, which is an economic behavior in which the economic entity violates the current economic laws and regulations, objectively endangers the society, has subjective fault, but does not constitute an economic crime. The research content of economic violation science is the materialization of the research object, which can be divided into two aspects, one is the phenomenon, nature, consequences and causes of economic violations, and the other is the prevention and control of economic violations. Economic violation science mainly belongs to the category of management in the nature of the discipline, so its research methods are mainly based on management research methods, including normative research, empirical research and case studies. Figures and Tables | References | Related Articles | Metrics

Select

Is Fiscal Decentralization and Inter-Governmental Competition Pushing up Local Government Debt Risk? HUO Xuling 2023, (1):  56-67.  doi: 10.16716/j.cnki.65-1030/f.2023.01.006 Abstract ( )   HTML ( )   PDF (1762KB) ( )   Save Preventing and resolving the risk of local government debt is of great significance to the sustainable and healthy development of local economy. Using the data of local governments' explicit and implicit debt from 2012 to 2020, this paper theoretically analyzes and empirically tests the spatial correlation effect of fiscal decentralization and intergovernmental competition on local government debt risk. The study finds that local government debt risk has obvious inertia effect in time and positive interaction effect in space; fiscal decentralization and inter-governmental competition promote the risk of local government debt; there is a positive spatial interaction effect between local and neighboring fiscal decentralization and intergovernmental competition on local government debt risk. In this regard, attention should be paid to preventing the long-term potential risks of local government debt and optimizing the distribution system of central payment among regions; local governments should strive to improve the level of scientific and technological innovation and establish a healthy relationship of competition and cooperation between neighboring local governments. Figures and Tables | References | Related Articles | Metrics

Select

A Study of Performance Evaluation and Macroeconomic Effect of Sino-Pakistan Capacity Cooperation YANG Ximing, GAO Zhigang, HAN Yanling 2023, (1):  68-80.  doi: 10.16716/j.cnki.65-1030/f.2023.01.007 Abstract ( )   HTML ( )   PDF (1948KB) ( )   Save Nowadays, the capacity cooperation projects between China and Pakistan have been expanded to transport infrastructure, electricity and other fields, and the industrial cooperation between two countries has been comprehensively upgraded. Based on the relevant data from 2000 to 2019, the paper constructs the performance evaluation system of Sino-Pakistan capacity cooperation from the aspects of economy, industry, capacity cooperation, infrastructure, technology, society, system and finance, and analyzes and studies the performance of Sino-Pakistan capacity cooperation and its impact on Pakistan's macro-economy. The study finds that the comprehensive performance of Sino-Pakistan capacity cooperation shows the overall trend is upward from 2000 to 2019, and the performance of capacity cooperation has been significantly improved after the construction of the Sino-Pakistan Economic Corridor was launched in 2013, which effectively promotes the economic, social, industrial and infrastructure development of Pakistan. Sino-Pakistan capacity cooperation has produced a significant promotional effect on macro-economy in Pakistan. To promote the quality and efficiency of Sino-Pakistan capacity cooperation, it is of great necessity to strengthen the policy support and service guarantee system construction, establish a standardized and efficient cooperation mechanism, strengthen the construction of financial guarantee system, innovate the business operation mode of China Pakistan capacity cooperation to promote the integration of Sino-Pakistan capacity cooperation into the global value chain division of labor. Figures and Tables | References | Related Articles | Metrics