Academic Papers
Publications
Academic Papers
-
How will China Shape the World Economy
We will provide an outlook for China's role in the world economy over the coming decades, an exercise which would not be possible without an analysis of the prospects for China's continued economic growth. Based on international and historical comparisons, we argue that today's China meets all three key conditions for continued economic growth, including a stable government that is supportive of a market economy; high and increasing quality of human capital, and openness to developed economies.
2020-08-20 Xingye Jin, David Daokui Li, Shuyu Wu -
Residents' Entrepreneurial Behaviour from the Perspective of Happiness Economics: Evidence from China
This paper uses data from the China Family Panel Studies (CFPS) of 2010, 2012, 2014 and 2016, to empirically analyse the entrepreneurial behaviour of Chinese people from the perspective of happiness economics.
2020-08-17 Zhou Shuo; Jin Xingye; Fu Lin; Li Tao -
Analyzing the Potential and Prospects for China's Economy Growth during the 13th Five Year Plan Period
This paper analyzes China's economic potential and prospects during the 13th Five Year Plan period. According to international comparison and historical experience, we believe China meets the three main requirements of sustainable economic growth, which consists of a stable government supporting the development of market economy, relatively high-level human capital and staying open to developed economies.
2020-08-13 Li Daokui, Shi Jinjian, Jin Xingye -
Relative Income and Subjective Economic Status: The Collectivist Perspective
Ever since Duesenberry developed his relative income hypothesis in 1994, studies in economics have evaluated the considerable impact of the "comparison effect" or "demonstration effect" on economic behavior and welfare levels.
2020-08-13 LI Tao, FANG Ming, FU Lin and JIN Xingye -
China's Historical GDP Accounting and its International Comparison: A Literature Review
What was the level of economic development in ancient China and how did the cycle of prosperity and decline change throughout history? It seems certain that a systematic review of ancient China’s development is the very foundation for the studies of nation’s economy.
2020-08-13 David Daokui Li, Xingye Jin, Hanhui Guan -
The Evolution of China's Share in the Global Economy: 1000—2017 AD
An important measure of the significance of a civilization in the world is its share of the global economy.To understand the role of Chinese civilization in world history and the significance of China's rapid economic growth in the era of reform and opening up it is necessary to estimate as accurately as possible the evolution of the share of China in the global economy.
2020-08-13 JIN Xingye, GUAN Hanhui, LI Daokui, BROADBERRY Ste -
A New Measure of Currency Internationalization: from the Perspective of Cross-border Financial Investments
This paper investigates the internationalization levels of main sovereign currencies in the world by measuring the amount of non-residents’ holding of assets denominated in a sovereign currency.
2020-08-13 WU Shuyu, LI Daokui -
The Impact of the US Interest Rate Hike on Emerging Market Economies and the Belt and Road Initiative
Since the end of 2015, the US Federal Reserve has raised its benchmark interest rate nine times. This has led to capital outflows and asset depreciation in many emerging market economies. The present paper examines the factors that determine the financial volatility of emerging markets in the face of external shocks. By calculating the capital flows of 30 emerging markets from 1990 to 2018 and conducting panel regression, this paper finds that countries with good infrastructure facilities, a sou
2020-08-12 Shuyu Wu, Biliang Hu, Qingzhong Pan