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15 March 2022, Issue 02 (217) Previous Issue    Next Issue

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Security risk early warning and prevention mechanism construction of Digital economy development in China REN Bao-ping, ZHANG Chen-xuan 2022 (02):  1-13.  Abstract ( 804 )   PDF (1580KB) ( 1587 )   With the rapid development of digital economy, it is necessary to pay high attention to the security risks in the development of digital economy and the early warning and prevention of risks. Digital economy security risks refer to the possible problems in various information data, technologies, industries and government governance that affect the development of digital economy, as well as a series of hidden dangers that cause the development of digital economy to deviate from the stable and healthy state. The development of digital economy may cause security risks from the five levels of the country, society, industry and enterprise. The early warning of security risks in the development of digital economy is constructed from the above five levels and the warning circle. Focusing on the needs of risk prevention in the development of digital economy, various prevention mechanisms should be adopted for risks at different levels, including measures from data, network, laws and policies. Collaborative governance, government digital transformation; Regional balanced development of digital economy, construction of high-quality employment system, increase investment in education; Monopoly prevention means, enterprise business model improvement; Multi-department cooperation, multi-line simultaneously. References | Related Articles | Metrics

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Structural Optimization of Digital Economy and High Quality Development Effect: Experience Enlightenment From the Dynamic Relationship Between Leisure Time and R&D Efficiency ZHANG Liang-gui, WANG Li-yong, SUN Jiu-wen 2022 (02):  14-22.  Abstract ( 461 )   PDF (1568KB) ( 1013 )   By constructing a DSGE model including digital economic sectors,using numerical simulation to test the impact of changes in digital economic structure (including digital facilities, digital industrialization and industrial digitization) on high-quality development effect. The research shows that the impact of changes in digital economic structure on R&D efficiency is greater than that on leisure time, and on "leisure time-R&D efficiency". The effect of high-quality development is significant under the change of dynamic relationship.The rapid development of digital facilities can promote high-quality economic development. The dynamic equilibrium relationship between digital industrialization and industrial digitization determines the change of high-quality development effect. Industrial planning policies need to pay attention to the "stepwise expansion effect" among digital facilities, digital industrialization and industrial digitization. There is an "ice breaking period" in digital industrialization. In the initial stage, the effect of high-quality development will be restrained, but it will be rapidly improved with the increase of scale. The promotion of high-quality development by digital economy will show an inverted "U" trend. Policies need to prevent and control the blind expansion of digital economy and reasonably optimize the digital economy structure, which can better improve the effect of high-quality development. References | Related Articles | Metrics

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The Spatial Distribution of Coupling and Coordination of China’s High-quality Development Level Based on the New Development Philosophy ZHANG Yuan, HAO Feng, LI Jing-wen 2022 (02):  23-34.  Abstract ( 416 )   PDF (1852KB) ( 810 )   Based on the vision of innovative, coordinated, green, open and inclusive development, this paper measures the high-quality economic development level of 31 provinces by using the time series global principal component analysis method. Then, we use the Dagum Gini subgroup decomposition method to decompose the regional differences, and decomposes the regional differences with the coupling and cooperation method. Finally, according to PVAR, the interaction mechanism between new development vision and high-quality economic development level is discussed. The main findings are:(1)The overall difference in China's high-quality development level has decreased, the internal multi-level differentiation is increasingly apparent, while the structure of regional differences is stable, and the super variable density difference is the main source. (2)In recent years, China's high-quality development level has reached a strong correlation with the new development concept, but the coupling coordination degree has not yet reached convergence. The level of coupling and coordination in the eastern region is generally high, while the central region develops the fastest. Although some western provinces are still in the stage of mild maladjustment, most provinces are on the verge of maladjustment. (3)There is a short-term interaction between new development vision and high-quality development. The eastern region has prominent impact on innovation and opening, while the central and western regions have more advantages in green and coordination. References | Related Articles | Metrics

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Polycentric Agglomeration and Urban Innovation CHEN Shu-ping, DAI Qing-lan, XIAO Ying 2022 (02):  35-47.  Abstract ( 406 )   PDF (1846KB) ( 782 )   In this paper, poly centric agglomeration index of each province is constructed based on Landscan data, and the impact of polycentric agglomeration on urban innovation and the mechanism of action were investigated by using instrumental variable estimation. The results show that, on the whole, urban innovation presents a significant inverted u-shaped change trend with the increase of poly centric agglomeration. Meanwhile, there are several regions in China where urban innovation is inhibited by excessive polycentric agglomeration. According to the sub-sample test, the inverted u-shaped impact of polycentric agglomeration on urban innovation is mainly reflected in large cities and inland areas, while the innovation of small and medium-sized cities and coastal areas can significantly benefit from the development of polycentric agglomeration. In addition, market integration and the factor flow are important ways for polycentric agglomeration to affect urban innovation. Further research shows that the effect of polycentric agglomeration on urban innovation is affected by urban distance and infrastructure. References | Related Articles | Metrics

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Economic policy uncertainty, corporate financialization and corporate value FENG Ming 2022 (02):  48-59.  Abstract ( 518 )   PDF (1711KB) ( 1070 )   This article uses the data of my country's listed companies from 2007 to 2019 as a research sample, and draws on the economic policy uncertainty index constructed by Baker et al. to empirically analyze the impact of economic policy uncertainty on corporate financialization and corporate value. The study found that the uncertainty of economic policy has a positive impact on the level of corporate financialization. However, under the uncertainty of economic policy, the level of corporate financialization affects the enhancement of corporate value. Further research found that, compared with private enterprises, corporate financialization under economic policy uncertainty damages the corporate value of state-owned enterprises; compared with central state-owned enterprises, corporate financialization under economic policy uncertainty damages the value of local state-owned enterprises. We further distinguish the differences in enterprise scale heterogeneity and degree of financing constraints for analysis. In terms of the micro mechanism of action, we find that the financialization of enterprises under economic policy uncertainty squeezes out enterprise investment on the one hand, and inhibits the improvement of enterprise innovation level on the other hand, is an important reason that affects the increase of company value. References | Related Articles | Metrics

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The Effect of Abusive Supervision on Employees’ Learning from Errors from the Perspective of Face YANG Jie, SUN Yun-pu, HUANG Yong 2022 (02):  60-68.  Abstract ( 399 )   PDF (1498KB) ( 765 )   Based on face theory, this paper analyzes the relationship between abusive supervision and employees’ learning from errors, and tests the mediating role of competence face stress and the moderating role of organization-based self-esteem. The data analysis of 250 supervisor-subordinate dyads questionnaires show that abusive supervision has a positive impact on learning from errors.Competence face stress mediates the relationship between abusive supervision and learning from errors. Employees’ organization-based self-esteem moderates the relationship between abusive supervision and competence face stress and also moderates this mediation relationship. References | Related Articles | Metrics

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The Family Planning Policy,Cost Socialization and Fertility Ratio XU Kun, HU Dong-wan, LIU Yang 2022 (02):  69-78.  Abstract ( 567 )   PDF (1347KB) ( 1217 )   The adjustment of China’s family planning policy has aroused great concern in society, and it is particularly important to scientifically evaluate the effect of policy implementation. This paper uses the 2001 Family Planning Law to advocate a couple having two children as a quasi-natural experiment, based on the provincial annual panel data from 1982 to 2013, this paper uses the panel and panel threshold model to explore the effectiveness and mechanism of the implementation of the family planning policy. The empirical results show that: First, the family planning policy is significantly positively related to the birth rate of the population at the level of 10%; The crossover term between the family planning policy and the socialization of fertility costs is significantly positively related to the Fertility Ratio at the 10% level. This indicates that the family planning policy is effective and can improve the Fertility Ratio. Besides, the more the socialization of cost transfers, the higher the Fertility Ratio is. From the perspective of regional grouping, the policy effectiveness of the eastern and central regions is stronger. Second, from the perspective of parameter estimates, compared with low-house housing areas, the more obvious the policy effect is in high-housing areas; compared with low-literate groups, the more obvious the policy effect of high-literacy groups. References | Related Articles | Metrics

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Cognition of opportunity inequality and residents’ happiness: An empirical study on family background, luck and personal effort CUI Wei, HE Yan 2022 (02):  79-88.  Abstract ( 498 )   PDF (1669KB) ( 1064 )   The sources of opportunity inequality are divided into uncontrollable factors and controllable factors, which are divided into three factors: family background, talent, luck and personal effort. The study found that people are more likely to accept the inequality caused by personal efforts, and this inequality has a greater impact on happiness. If a person’s achievement mainly depends on his own choice and effort, rather than uncontrollable factors such as family background, talent and luck, then the residents’ happiness is relatively high. In addition, compared with rural areas, the impact of inequality related to family background on well-being is not significant in urban samples. One possible reason is that in cities, people recognize the importance of personal efforts more. The positive tunneling effect of equal opportunities greatly weakens the negative impact of unequal family background, and people are more likely to realize class mobility through personal efforts, Improve happiness. References | Related Articles | Metrics

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"Identity" Segmentation, Environmental Regulation and Employment YUAN Xiao-ling, YAO Jin-cai, DI Qing 2022 (02):  89-99.  Abstract ( 400 )   PDF (1582KB) ( 458 )   The existence of "identity" division in the labor market leads to the asymmetric impact of environmental regulation on the employment of different identities. Based on the perspective of "identity" segmentation, this paper empirically analyzed the heterogeneous impact of environmental regulation on labor employment of different identities and the mechanism of action by using panel data from 30 provinces from 2009 to 2018, and further verified the "identity" segmentation threshold effect of environmental regulation on labor employment by using panel threshold model. The results show that the impact of environmental regulation on labor employment has a strong correlation with its "status", and the negative impact of increased environmental regulation intensity on the employment of "non-state-owned", "foreign" and "non-monopoly" labor is greater than that of "state-owned", "local" and "monopoly" labor. Environment plays a significant role in regulation of the employment of "identity" segmentation threshold effect, when the Labour market is in middle, high division of "identity", environmental regulation to "a monopoly", "non-state" and "outside" individual job impact is negative, when the Labour market is in low segment "identity", environmental regulation to "a monopoly", "non-state" and "outside" influence from inhibition to promote employment. References | Related Articles | Metrics

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The Desire to Benefit but to Lose: Land Supply Bias and Urban Green Total Factor Productivity Growth LI Bao-li, SHAO Shuai, FAN Mei-ting 2022 (02):  100-111.  Abstract ( 389 )   PDF (1873KB) ( 694 )   The administrative land allocation coordination index was constructed using data from 285 prefecture-level cities in China from 2007 to 2018, and the results show that the administrative land allocation imbalance caused by excessive land supply is mainly in small and medium-sized cities in the central and western regions, and the administrative land allocation imbalance caused by insufficient land supply is all in core cities in the eastern region. The empirical results show that the imbalance in the administrative allocation of land is detrimental to the growth of green total factor productivity in Chinese cities.Reducing the administrative supply of land to small and medium-sized cities in the central and western regions and increasing the administrative supply of land to core cities in the eastern regions, reducing the imbalance in the administrative allocation of land, which is conducive to promoting green total factor productivity growth in small and medium-sized cities in the central and western regions and core cities in the eastern regions. The results of the mechanism analysis and mediating effects test indicate that the land supply bias policy affects green total factor productivity in small and medium-sized cities in the central and western regions and core cities in the eastern region through both environmental regulation and economic agglomeration paths. References | Related Articles | Metrics