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Academic PapersJournal Article: "Is Trade Policy Uncertainty Pushing Chinese Enterprises to Innovate"
In recent years, under the background of geopolitical conflicts, trade policy uncertainty has increased significantly, which has profoundly affected the innovative behavior of enterprises. This article uses the data of Chinese A-share non-financial listed companies from 2000 to 2022, and empirically tests the impact of trade policy uncertainty on Chinese corporate innovation, which measured by enterprise independent innovation strategy and R&D investment. The results show that, on the one hand,Kun Lang, Xincheng Li -
Academic PapersJournal Article: "A Scale Estimation and Structural Analysis of China's Data Factor of Production: From the Perspective of Information Value Chain"
The data factor of production is playing an important role in today's digital economy. In this paper we create a new statistical method to estimate yearly investment on data factor of production by different provinces, and separate these investments into labor cost on data production and investment cost on data carriers. The former is calculated by the wage data of different industries in different regions, and the latter is based on yearly fixed asset investment data. We calculate China's proviXiang Xu, Xiaoxuan Tian, Ke'aobo Li, Binkai Chen -
ReportsACCEPT Report: "Seeking Progress while Maintaining Stability, Promoting Stability through Progress, and Establishing the New before Abolishing the Old: Analysis of China's Current Economic Situation and Outlook to 2024"
"Adhering to the principle of seeking progress while maintaining stability, promoting stability through progress, and establishing the new before abolishing the old" is a new macro governance approach proposed at the Central Economic Work Conference at the end of 2023, which points out a new direction for China's economic policy adjustment. In recent year, China's economy growth has been consistently below its potential growth rate, and a trend of continuous decline in economic growth had alreadACCEPT Macro Forecasting Group -
Academic PapersJournal Article: "ESG Investor Behavior and Related Research Frontiers in the Context of Carbon Neutrality: Overview and Extension"
This paper proposes a new framework for understanding why investors consider environmental, social, and governance (ESG) factors within their investments processes, based on two intrinsic characteristics of investors: self-discipline and their level of social engagement. The authors believe that there are limitations to the popular view of understanding investors' ESG considerations as a social preference, or rather a pro-social action. First, the pro-social view does not explain why investorsDi Tang, Xingye Jin
News
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Lectures in Government and Economics | Bounded Rationality and the Research Paradigm for Chinese Economics
ACCEPT/SAGE 2024-03-21 -
Ex-PBOC Adviser Li on China's Growth Outlook, Policies
Bloomberg Markets 2024-03-05 -
Global expectation for China’s economy improves amid robust policy support
Global Times 2024-01-31 -
China’s 2024 GDP to grow by around 5 percent, reversing a slowdown trend seen over a decade: economist Li Daokui
Global Times 2024-01-20
Government and Economics
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New structural economics: A framework of studying government and economics
AbstractNew structural economics is a new framework for rethinking economic development following structuralism and neoliberalism after World War II. This framework uses a neoclassical approach to study the determinants of economic structure and its evolution in a countrys economic development (Lin, 2011). We argue that a countrys economic structure is endogenous to its factor endowments, and that the key for developmental success is to have a facilitating government to help entrepreneurs overcoJustin Yifu Lin -
Migration and redistribution: Why the federal governance of an economic union does matter
Federal governance matters. Policy coordination allows the economic union to exercise monopsony power over migrants. Therefore the migration volumes under the policycompetition regime exceed those under the policy-coordination regime. With loose federal governance, competition over low-skilled migrants, who come with no capital, induces the individual member state to raise the provision of social benefit, so as to attract more migrants when starting from the coordination equilibrium. As a resultAssaf Razin, Efraim Sadka -
Government and economics: An emerging field of study
In this paper, we discuss the field of government and economics, an emerging body of work that aims to better understand government's role, incentives and behavior in a modern market economy, as well as how government actions shape the economy's performance.David Daokui Li, Eric S. Maskin -
Zheng Zhijie: Respect the market and improve the role of government
Excerpts from Zheng Zhijie's presentation at “Collapse and Rebirth” – IFENG Finance 9thSummit, translated by ACCEPTIn his remarks at the IFENG Finance 9thSummit, Zheng Zhijie, Former President of the China Development Bank, pointed out that the 14thFive-Year Plan period is a critical time for China to overcome the middle-income trap. To make full use of this decisive time, the first priority is to comprehensively deepen reforms to promote better integration of effective markets and capable goverExcerpts from Zheng Zhijie's presentation at “Collapse and Rebirth” – IFENG Finance 9th Summit, translated by ACCEPT -
Public Health, Elementary Education and Infrastructure Constitutes the Foundation of Future Economic Development
In the early years of the People's Republic of China, war, famine and infectious diseases made it difficult to ensure the basic health level of the people. In 1949, the average life expectancy in China was only 35 years, and the infant mortality rate was as high as 200‰1. Faced with such rigorous challenges and the lack of medical resources, China urgently needed to build a public health system to solve the most basic medical problems of the people.excerpted from Economic Lessons from 70 Years of China's Development
The Journal of Government and Economics is focused on publishing high caliber, original research papers in the field of government and economics. This journal aims to provide a platform for the exchange of insights on the relationship between the government and the market, create space for the development of the emerging field of government and economics, and foster a better understanding of the government's role in the market economy, as well as the government's incentives and behaviors. JGE is an international publication and the official publication of SAGE. It is also an open access (OA) and rapidly publishing (ABP) journal.
The Society for the Analysis of Government and Economics, SAGE, aims to promote academic research in the subject of government and economics, including topics such as the incentives, behavior, and role of the government in an economy. The Society is a disinterested, academic organization avoiding political, social, commercial, or nationalistic bias. The inaugural co-presidents of SAGE are 2007 Nobel Laureate Harvard Professor Eric S. Maskin and Professor David Daokui Li of Tsinghua University. The Society has an open international membership from countries such as the United States, Europe, China, and other developing countries. Main activities of the Society include organizing academic conferences and publishing an academic journal.
For more information, please visit http://en.sage-econ.org/
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