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15 July 2023, Issue 04 (225) Previous Issue    Next Issue

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Does the development of the digital economy contribute to enhancing the level of inclusive green growth in cities - Evidence from “the nation smart city” pilot ZHU Jinhe, PANG Wanyu 2023 (04):  12-22.  Abstract ( 557 )   PDF (1630KB) ( 635 )   As a kind of green shared growth, inclusive green growth is an important way to promote common prosperity for all people. Based on the panel data of prefecture level cities from 2008 to 2020, and taking the "National Smart City" pilot policy as the exogenous impact of urban digital economy development, this paper discusses the impact of digital economy development on urban inclusive green growth. The results show that the development of digital economy has significantly promoted the improvement of urban inclusive green growth, and this conclusion is still valid after a series of robustness tests. From the perspective of transmission mechanism, the development of digital economy has significantly promoted the level of inclusive green growth in cities through resource allocation effects and technological innovation effects. From the perspective of spatial effects, the development of digital economy can significantly promote the improvement of inclusive green growth levels in neighboring cities. From the perspective of heterogeneity effects, there are differences in the promotion effect of digital economy development on the level of inclusive green growth in cities with different characteristics, including economic development, fiscal decentralization, and urban size. References | Related Articles | Metrics

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The Impact of Government Transparency on Enterprise Innovation in the Context of Digital Government Construction XU Le, KONG Wen 2023 (04):  23-30.  Abstract ( 481 )   PDF (1291KB) ( 585 )   In the context of digital government construction, the improvement of government transparency can have an important impact on firms' innovation input decisions. The impact of government transparency on corporate innovation and its mechanism are studied using the sub-government transparency index of the Academy of Social Sciences and the innovation investment data of listed companies in different provinces. The results show that local government transparency has a positive effect on firms' innovation investment, and government transparency can promote firms' innovation investment through the channel of promoting regional marketization level. Heterogeneity analysis shows that the impact of government transparency on enterprise innovation is more significant among non-politically connected enterprises and private enterprises; the impact of government transparency on enterprise innovation is more significant in regions with higher level of Internet development and better rule of law environment. Local governments should continue to promote the construction of transparent government and pay attention to the improvement of business environment and other soft power, so as to stimulate the intrinsic development vitality of enterprises to promote regional economic development. References | Related Articles | Metrics

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Economic target, market integration and high-quality economic development ZHANG Zhidong, CAI Tianyi, FANG Yijing 2023 (04):  31-41.  Abstract ( 428 )   PDF (1404KB) ( 415 )   By taking 258 cities across the country as the object of the research, the panel data from 2004 to 2019 is selected to investigate the implications of economic target and market integration on high-quality economic development, and verify the mechanism of how economic target and market integration affect high-quality economic development. The results indicate that economic target constrains high-quality development, market integration facilitates high-quality economic development, and the interaction in between has a positive impact on high-quality development.The mechanism tests find that economic target constrains high-quality development by hindering innovation,and market integration facilitates high-quality development by optimizing the allocation of talents. Heterogeneity analysis shows that the economic target has a stronger inhibiting effect on high quality development in provincial capitals, and market integration has a stronger facilitating effect on high quality development in non-capital cities.Furthermore, the role of market integration on high-quality economic development is affected by the intensity of economic target with a single "threshold effect". References | Related Articles | Metrics

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Foreign Direct Investment, Agglomeration Externalities and Green Competitiveness ZHOU Jieqi, FAN Dongqing, XIA Nanxin 2023 (04):  42-52.  Abstract ( 394 )   PDF (1572KB) ( 476 )   Integrating the theory of multinational corporation investment theory and new economic geography, and taking the externality of agglomeration as an entry point to construct a logical framework of "FDI - externality of agglomeration - green competitiveness",based on the urban panel data from 2005 to 2020,combining the dynamic spatial Dubin model and the simultaneous equation spatial autoregressive model to test the hypothesis proposed in this paper. The study finds that: FDI has a nonlinear effect on green competitiveness based on agglomeration externalities. When the degree of agglomeration is moderate, the agglomeration effect caused by FDI will enhance green competitiveness through channels such as green R & D spillovers, industrial structure upgrade, advanced human capital structure, and enhanced environmental regulation. When agglomeration is excessive, FDI will exacerbate the crowding effect and weaken green competitiveness. The green competitiveness of Chinese cities has the characteristics of volatility and spatial spillover, and its improvement is conducive to attracting FDI with preference for green investment. Heterogeneity analysis shows that the green competitiveness effect of FDI benefits more from the Jacobs externality brought by diversity at the national level and large cities, and benefits more from Marshall externality brought by specialization, but subject to government intervention, this effect is less beneficial in agglomerated economies in small cities. References | Related Articles | Metrics

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Can personal income tax alleviate the opportunity inequality of income distribution YANG Zhao 2023 (04):  53-62.  Abstract ( 443 )   PDF (1443KB) ( 387 )   Improving the income distribution pattern is the inherent requirement of realizing common prosperity. Both theory and practice show that progressive personal income tax (PIT) can narrow the income gap to a certain extent. However, it is generally believed that a reasonable income gap is acceptable and necessary. What really needs to be eliminated is the income gap caused by unequal opportunities, because this inequality is "unfair inequality". In this paper, based on the empirical research paradigm of equal opportunity under the framework of "environment-effort", the micro survey data from survey and research center for China Household Finance in the year of 2019 and 2015 (CHFS2019 and CHFS2015) are used to investigate the equality of opportunity of PIT in China. The research results prove that PIT can alleviate the inequality of opportunities in income distribution. Under the new tax law, this effect is generally weakened in the short term, but the special additional deduction helps to maintain equal opportunities. The research of this paper points out that China’s current PIT system framework is reasonable to some extent, but equality of opportunity effect depends on further developed in economy and further improved in tax system. References | Related Articles | Metrics

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Big Data in Tax Enforcement and Stickiness of Corporate Tax Burden - Analysis of policy effect based on “the Third Phase of the Golden Tax Project” DENG Juqiu, YANG Jiayu, YANG Chunyu 2023 (04):  63-71.  Abstract ( 527 )   PDF (1823KB) ( 567 )   Big data in tax enforcement inhibits corporate tax avoidance, which shows the situation of "tax reduction is difficult to reduce burden". However, few literatures reveal the positive significance of big data in tax enforcement in alleviating corporate tax burden. Based on the data of listed companies from 2008 to 2016, and with the help of the "Golden Tax Phase III Project" as a quasi-natural experiment, the double-difference method is used to explore the impact and mechanism of big data tax collection and management on corporate tax burden. The results show that big data in tax enforcement can effectively alleviate the stickiness of corporate tax burden, and this mitigation effect is more prominent in private enterprises, enterprises in areas with a high degree of marketization, and enterprises in areas with less financial income pressure. Mechanism inspection finds that big data in tax enforcement can effectively alleviate the stickiness of corporate tax burden by reducing the information asymmetry between the two parties, regulating the tax collection behavior of tax authorities, and effectively implementing preferential tax policies. The above conclusions provide theoretical support and empirical evidence for the continuous improvement of tax informatization construction, the further optimization of the tax business environment, and the implementation of new tax and fee reduction policies. References | Related Articles | Metrics

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Research on the Impact of Tax Reduction and Environmental Regulation on Environmental Protection Investment in Heavily Polluting Enterprises XIE Dongming, ZHANG Wenjun 2023 (04):  72-81.  Abstract ( 394 )   PDF (1398KB) ( 337 )   Taking the listed A-share heavily polluting enterprises in 120 major cities in China from 2011 to 2019 as the research object, this paper empirically tests the impact of reducing corporate tax burden and implementing strict environmental supervision on environmental protection investment of enterprises. The study shows that the reduction of tax burden can promote the increase of environmental protection investment, and the strict environmental supervision can further strengthen the promotion of environmental protection investment. The further study shows that the strengthening effect of environmental regulation is pronounced more in the Midwest than that in the eastern regions. Moreover, it suggests that in response to the long-standing problem of insufficient investment in environmental protection in heavily polluting enterprises in the Midwest,tax reduction policy with incentive function and environmental supervision mechanism with supervision function can play a joint mitigation role from the macro level. References | Related Articles | Metrics

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Social Assistance in East-West Collaboration: Types, Logic, and Future XIE Zhiju, LIANG Jiajun 2023 (04):  82-90.  Abstract ( 487 )   PDF (1396KB) ( 652 )   Social assistance in the collaboration between the East and the West is a process in which people's organizations, social organizations, private enterprises, and caring individuals from all walks of life participates in the collaboration and carries out social assistance. During the 14th Five Year Plan period, these types of assistance were carried out in the form of industrial cooperation, education cooperation, employment cooperation, and consumption cooperation, focusing on three types: "government led, market led, and social led". Social assistance is rooted in China's excellent traditional culture, deriving from the goal of achieving common prosperity, guaranteed by the policy system of cooperation between the East and the West, and maintained in the socialist intergovernmental relations with Chinese characteristics. In the future, it needs to address the needs of social assistance in the cooperation between the East and the West, and promotes the clarification of the boundaries of assistance by reasonably defining government functions, expanding social autonomy, strengthening community awareness, and moving towards coordinated governance, making a list of assistance responsibilities, refining assistance goals, and diversifying assistance paths. References | Related Articles | Metrics

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Effect of Stock Market Opening on Green Innovation in Manufacturing Enterprises - Evidence from the Shanghai-Shenzhen-Hong Kong Stock Connect HOU Chaohui, CHEN Quanbao, SHUAI Zhaowen 2023 (04):  101-110.  Abstract ( 498 )   PDF (1391KB) ( 886 )   Promoting green innovation in manufacturing enterprises is of great significance for China to achieve its "peak carbon dioxide emissions" and "carbon neutrality" goals, as well as for the comprehensive green transformation of the economy and society. Using a sample of manufacturing firms listed on the A-share market from 2010 to 2021, this study employs a multi-period difference-in-differences model constructed based on the implementation of the trading system of Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connection, and empirically examines the impact of the trading system on green innovation in manufacturing enterprises. The study reveals that the implementation of the trading system not only promotes green innovation in manufacturing firms, but also enhances the quality of such innovation. Mechanism tests indicate that the trading system promotes green innovation in manufacturing firms by alleviating financing constraints and enhancing environmental information disclosure. Heterogeneity analysis suggests that the impact of the trading system on green innovation is greater for privately-owned manufacturing firms and non-heavy-polluting manufacturing firms. The research findings indicate that the opening up of the capital market plays an important role in promoting green economic development and achieving the "dual carbon" targets, providing a theoretical basis for further expanding the opening up of the capital market. References | Related Articles | Metrics