China Economic Quarterly International (CEQI)

Volume 4, Number 1

March 2024

 

South-South cooperation and food security: Evidence from Chinese agricultural technology demonstration Center in Africa

Shen Lin, Jingbo Cui

 

International related-party trade, institutional differences and performance of foreign-funded enterprises

Jinmeng Wang

 

Emissions cap and structural adjustment

Huanhuan Wang, Haichao Fan, Shiyi Chen

 

Green credit policy, credit discrimination and corporate debt financing

Junjie Guo, Ying Fang

 

Can targeted poverty alleviation reduce criminal offenses? Empirical evidence from China judgments online data

Mengjie Yi, Jiasheng Li, Guangjun Shen

 

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South-South cooperation and food security: Evidence from Chinese agricultural technology demonstration Center in Africa

Shen Lin, Jingbo Cui

Abstract

Using the Chinese Agriculture Technology Demonstration Center (ATDC) in Africa as a quasi-natural experiment, we examine the causal impacts of China’s aid on crop production in Africa. The data pertain to African country-by-crop panel data from 2000 to 2018. Leveraging the triple difference-in-differences method, we find that the ATDC leads to increased crop production and improved trade dependence. The positive effects are more pronounced for free-standing technical support and ATDCs operated by state-owned enterprises. Lastly, the ATDC has profound implications for local agriculture and rural development.

 

International related-party trade, institutional differences and performance of foreign-funded enterprises

Jinmeng Wang

Abstract

Based on the resource-based view, this paper attempts to analyze the impact of international related-party trade on the performance of foreign-funded enterprises in China from the perspective of value creation. The findings of this paper are as follows. (1) the greater the proportion of parent company to foreign-funded enterprises’ international related-party transactions, the better the performance of foreign-funded enterprises. (2) As the differences in legal systems increase, the role of international related-party trade in promoting performance is weakening. (3) As cultural differences increase, the role of international related-party trade in promoting performance is increasing. After considering the impact of transfer pricing, the conclusions of this paper remain unchanged.

 

Emissions cap and structural adjustment

Huanhuan Wang, Haichao Fan, Shiyi Chen

Abstract

We use the strengthening of China's emission target control regime during the Eleventh Five-Year Plan period as a quasi-natural experiment to study the impact of strengthened environmental regulation on firm's emissions and other economic performances, and find that more rigorous environmental regulations induce firms to cut down their emissions, mainly through the “technology effect.” The structural decomposition shows that this emission reduction effect varies across industries with different levels of pollution intensity, and the power sector plays an important role in the “structural adjustment effect” among industries.

 

Green credit policy, credit discrimination and corporate debt financing

Junjie Guo, Ying Fang

Abstract

Using the data of listed companies and the DID method, this paper reveals three ways in which green credit policy (GCP) affects corporate debt financing. By controlling credit input, GCP can effectively restrain corporate debt financing in the “two-high” industries. However, the policy also leads to the environmental performance effect and bank credit discrimination effect, as it strengthens the impact of environmental performance on corporate debt financing and weakens banks’ credit discrimination. Under the combined effect of the three ways, GCP has restrained the borrowing growth of state-owned enterprises, but has no significant impact on private firms.

 

Can targeted poverty alleviation reduce criminal offenses? Empirical evidence from China judgments online data

Mengjie Yi, Jiasheng Li, Guangjun Shen

Abstract

Targeted Poverty Alleviation (TPA) is an important leverage for China to overcome poverty. While its economic effects are well studied, less is known about the social impact of TPA. Based on trial documents data from the China Judgments Online, we use DID method and find the growth rate of criminal offenses reduced by over 20% after the implementation of TPA. The income growth effect from TPA is the primary mechanism for suppressing criminal crimes. Improved employment plays a role as well. Our work not only reveals the relationship between TPA and the enhancement of societal security, characterized by fewer criminal offenses, in the background of completing the first Centenary Goal, but also sheds light on how to fulfil the Peaceful China Initiative in the second Centenary Goal.