Table of Content

21 January 2021, Volume 0 Issue 05

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An Analysis of the Spirit of Xi Jinping’s Important Discourse on Historical Issues

CHEN Shi-fa, LIU Dan-yuan

2019, 0(05):  114. 

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Since the 18th National Congress of CPC, Xi Jinping has published a series of important speeches on historical issues, with rich connotations and a complete theoretical system. It mainly includes: the first problem is to truly master the historical materialism; the main line of theory is to clarify historical goals, bear in mind the historical missions and strengthen the path self-confidence; the core requirement is to strengthen the self-confidence of socialist system with Chinese characteristics from the depths of history and tradition; the distinctive feature is to fully absorb nutrients from the revolutionary history. The theoretical and educational circles should further promote Xi Jinping’s view of history, do a good job in top-level design work, focus on the ideological education work of the dialectical relationship between the two historical periods before and after reform and opening up, and be determined to inspire the vast majority of young people to cherish the revolutionary history and cultivate historical responsibility awareness.

How?Can Humble Families Nurture Respected Sons? On the Role of Education in Obstructing Intergenerational Transmission of Poverty

LIN Xiang-sen, LI Tian-tian

2019, 0(05):  115. 

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By making use of the data from the Chinese General Social Survey (CGSS) 2015, this paper establishes a multiple mediation model to analyze the affecting mechanism of the children education level of low income families on the chances of upward mobility of the class and compares the changes of the various affecting mechanisms at the different periods. The results show that: (1) in China, education investment is the major path to increase the upward mobility opportunities for low-income families, and the higher the education level, the more opportunities for class upward; (2) the improvement of education level will change individual’s knowledge skill and learning ability, thus further influence the opportunity of class mobility, this path makes the biggest contribution to the obstructing of the intergenerational transmission of poverty, which will be strengthened along with the passing of the time; (3) the contribution made by education through affecting job motivation is limited, which can only affect class upward movement of those with higher education experiences.

Administrative Resource Reallocation, Regional Market Integration and Urban Economic Growth: Empirical Evidences from the Integration of Chaohu City into Hefei City

LI Bao-li1,2, SHAO Shuai1

2019, 0(05):  116. 

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The regional market integration promoted by administrative division adjustment will lead to changes in the ability of urban administrative resources allocation. Taking the administrative division adjustment of the integration of Chaohu city into Hefei city in Anhui Province as a case, this paper employs the synthetic control method to conduct an empirical analysis to study the impact of regional market integration and the capacity changes of urban administrative resource allocation on urban economic growth. The results show that the actual economic growth path of Chaohu City after the regional market integration and urban administrative grade reduction is lower than the potential synthetic control path. Further research finds out that the regional market integration caused by administrative division adjustment has produced significant positive impacts on the economic growth of Hefei city and Lujiang county that have no administrative grade changes, which indicates that the weakening of the administrative resource allocation capacity in the small and medium-sized cities is unfavorable to their economic growth. These research results provide meaningful enlightenment for China’s administrative division adjustment and the coordination of the balanced development between the regional central cities and other small and medium-sized cities in the construction of city agglomerations.

Evaluation of the Policy Effects of the Strategy for the Rise of Central China: A Research Based on Synthetic Control Method

ZHENG Zhan-peng1, YUE Shuai2, LI Min3

2019, 0(05):  117. 

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Taking Henan province, the most representative and the most“collapsed”traditional agricultural province, and Hubei province, the traditional industrial province, as examples, this article makes an evaluation of the policy effects of the strategy for the rise of Central China with the synthetic control method. The results show that the implementation of the strategy for the rise of Central China has increased the economic growth rate in Henan province and Hubei province. This strategy has also played a significant role in promoting the total factor productivity of the two provinces. However, the strategy has less promotion effects on economic growth and total factor productivity in Henan than that in Hubei. Further research shows that the accumulation of human capital, the policy orientation on national science and technology development, the industrial structure and the urbanization level are the most important factors in resulting in the differences of policy effects of the strategy for the rise of the Central Region in Henan and Hubei provinces.

Spatial and Temporal Characteristics and Driving Factors of Agricultural Ecological Efficiency in China

ZHENG Li-nan, HONG Ming-yong

2019, 0(05):  118. 

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Based on the provincial panel data of 1997-2016, this paper uses SBM-Undesirable model to analyze the spatial and temporal characteristics of agricultural ecological efficiency in China, then on such basis, it employs the grey relational analysis method to explore the main driving factors of spatial and temporal evolution of agricultural ecological efficiency in China. The results show that China’s agricultural ecological efficiency is generally presenting a fluctuating and rising tendency and shows obvious regional differences. The agricultural ecological efficiency is mainly influenced by eight factors: the confirmation of farmland rights, the level of financial support for agriculture, the agricultural production capacity, the density of agricultural machinery, the level of agricultural scale, the rate of agricultural disasters, the level of industrialization, and the level of urbanization. The development of agriculture itself is the main driving factor of agricultural ecological efficiency, and the emphasis is changing from mainly on high agricultural productivity to mainly on improvement of agricultural production conditions. The major driving factor of agricultural ecological efficiency in the eastern region is the agriculture development of itself, in the central region the focus of policy support is turned into itself agriculture development, and in the western region, the focus is turned from policy support into the macro-environment.

How Does Uncertainty Affect the Consumption of Rural Residents in China: A Dynamic Panel Empirical Study Based on the Permanent Income Hypothesis

ZHAO Hang, ZHANG Pan-pan

2019, 0(05):  119. 

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In the context of the rising of trade protectionism, to study how to realize the upgrading of rural residents’ consumption in China is a good strategy to achieve high-quality economic development and meet people’s needs for a better life. In view of this, this paper introduces the uncertainty factors based on Friedman’s permanent income hypothesis so as to make the study more cutting-edge. At the same time, by making use of the relevant data provided by the National Bureau of Statistics, it finds out the panel model that best fits the consumption and income relationship of rural residents in China’s 31 provinces, autonomous regions and municipalities directly under the central government from 2000 to 2017, and innovatively adopts the ARIMA model to determine the lag period, so as to determine the permanent income and consumption inertia. This study finds and confirms that the one-way individual fixed-effect dynamic panel model including the one-phase lagging consumption without permanent income is reasonable for fitting the current consumption situation of the rural residents in China, it is relatively reasonable to add the uncertainty income item to the above model.

The Interactive Mechanism between Family Supporting and Social Provision from the Perspective of Vulnerability: Based on 1371 Survey Data from China’s 8 Provinces

XU Qiang1, ZHOU Yang2

2019, 0(05):  120. 

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The social situation that social provision embedding in family supporting has generated an interactive mechanism since the new rural insurance pilot in 2009. To clarify the interactive mechanism of family supporting and social provision can help to achieve the targets for the aged people with a better life. Based on 1371 survey data in China’s 8 provinces in 2018, this paper adopts the logistic regression model to explore the impact of participation in public pension system on people’s worrying about old-age life and the status of family supporting. The findings of this study show that people’s worrying about old-age life are a relatively common thing, 74.2% of the research objects are worrying about their old-age life. As they get older, people’s worrying about their old-age life is gradually declining; the worse their health condition, the greater their worries about their old-age life. The participation in public pension system can significantly reduce people’s worrying and create a “synergy effect” with family supporting. The social recognition of the status of family supporting is higher, 87.3% of the research objects believes that family supporting plays an important role. Those with lower age and lower education level, more children and more family savings pay more attention to traditional supporting. The social provision system can effectively reduce the pension risks of urban and rural residents and weaken the expectation of the family supporting function, thus creating a certain level of “substitution effect” on family supporting.

Can Commercial Medical Insurance Alleviate Disease-Cased Poverty of Urban and Rural Residents? Empirical Evidences under the Shock of Serious Illness

GAO Jian, LI Hua, XU Ying-qi

2019, 0(05):  121. 

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In the context of the prominent economic risks of diseases and the lack of basic medical insurance for urban and rural residents, this paper conducts an empirical test of the complementary role of commercial medical insurance for the first time. For families with urban and rural residents’ medical insurance, the incidence of impoverishment health expenditure (IHE) and catastrophic health expenditure (CHE) for households with commercial medical insurance are significantly reduced by 5.22% and 3.36% respectively; in the case of a major illness, IHE and CHE are significantly reduced by 11.96% and 10.49% respectively. The empirical results are still robust considering the different poverty line criteria and adverse selection issues. By empirically testing the poverty alleviation mechanism of commercial medical insurance, it is found that for individuals with commercial medical insurance, the medical expenses in the past two weeks and the hospitalization expenses in the past year are significantly reduced by 4.96% and 5.46% respectively.

The Effect of Dual Relationship on Supply Chain Financing Performance: The Mediating Role of Innovation Capability

FENG Jiao1, ZHAO Zhi-gang2

2019, 0(05):  122. 

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In recent years, supply chain finance as a kind of relationship behavior among enterprises has gradually become an effective way to solve the financing problems of small and medium-sized enterprises (SMEs). In such a context, this study constructs a theoretical model of the dual relationship and innovative capacity of SMEs in the supply chain network that affects the supply chain financing performance to examine the situational effect of environmental uncertainty. By analyzing 228 valid samples, this study finds that the dual relationship of SMEs in the supply chain network has a positive impact on their supply chain financing performance, that innovation capability has a partial mediating effect between SMEs’ exploitative relationship and supply chain financing performance, while it has a complete mediating effect between SMEs’ exploratory relationship and supply chain financing performance, and that environmental uncertainty has a positive moderating effect on the relationship between SMEs’ innovation capability and supply chain financing performance.

Influence of Economic Fluctuation on Corporate R&D Input: Evidences from China’s Listed Enterprises

ZHENG Ming-bo

2019, 0(05):  123. 

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Through incorporating short-term investments into the financing constraints and technological opportunities, this paper expands the existing periodical classic model of corporate R&D to examine the effect mechanism of short-term economic fluctuations on corporate R&D behavior in China. Based on the data of China’s listed companies over the period of 2007-2015, it conducts an empirical test on the theoretical propositions by using the mixed multiple regression model and the instrumental variable method. The results show that both the short-term macro-fluctuation and the market demand fluctuation of enterprises have a negative correlation with corporates’ R&D intensity, indicating that corporates’ R&D intensity is countercyclical. The negative relationship between macro-economic fluctuation and corporate R&D intensity mainly appears in the economic prosperity period, while the negative relationship between micro-economic fluctuation and corporate R&D intensity mainly appears in the market recession period. Further study finds out that financing constraints will limit the ability of enterprises to adjust and hence weaken the negative relationship between economic fluctuations and corporate R&D intensity, while stronger technological opportunities have an incentive effect on corporate and thus strengthen the counter cyclicality of corporates’ R&D intensity.

The Cultural Logic and Essence of China’s Modernization Practice: Also on Xi Jinping’s Important Spirit of Socialist Modernization

LAI Qing-li

2019, 0(05):  124. 

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China’s modernization practice has not only embarked on a new road different from the modernization of capitalism, but also transcends the relationship between socialism and modernization; this is especially reflected on the cultural dimension of the 70 years practice of socialist modernization in New China. From the perspective of the history of concept generation, the concept of culture has the inherent tension of nationality, class and regionality, and it is symbiotic with the modernization process. At present, the western modernization road has fallen into a cultural predicament to a certain extent, while China’s modernization practice has formed a culture logic of cosmopolitan, affinity to the people, and universality on the basis of adhering to the reality of the country and focusing on the interests of the people and independence. The cultural logic constitutes the cultural essence of China’s socialist modernization, to a certain extent; it breaks the cultural predicament of the Western modernization road, which is of great significance in the development of human society.

Law and Economic Analysis of Personal Bankruptcy

YI You-lu, WAN Wen-bo

2019, 0(05):  125. 

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Personal bankruptcy is an important constituent part of the bankruptcy system. Looking back on the process of Chinese bankruptcy legislation, the research of personal bankruptcy has always been an important perspective of civil law studies. The personal bankruptcy system is an important link in the improvement of China’s market economic system with socialist characteristics, to analyze personal bankruptcy from the perspective of law and economics can discover the economic principles of personal bankruptcy: someone occupies in advance a part of utility level that does not belong to him. Based on this bankruptcy principle, the basic methods and principles of personal bankruptcy system must be followed:“loss of the right”, i.e., through a specific punitive way to reduce the bankrupt individual’s utility level. Different from enterprises, a person has other social attributes and functions, what they need more is “to restore their rights”, so as to ensure their personal rights.