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The coordinated evolution of ecological environment,public service,and tourism economy along the Silk Road economic Belt,using the Dual-Carbon Targets

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Chinese Journal of Population,Resources and Environment 2024年第1期22卷 34-47页

作者： Shuo Yang Wei Guo Tianjun Xu Tongtong Liu school of economic and Management Yanshan UniversityQinhuangdao 066004China Regional economic Development Center Yanshan UniversityQinhuangdao 066004China

Carbon peak and carbon neutrality(dual-carbon)are important targets for the international response to climate *** Silk Road economic Belt is a strategic resource region and is important for future ecological environment and tourism *** on the“dual-carbon”targets,the Single index quantification,Multiple index synthesis,and Poly-criteria integration evaluation model were used in this study to measure the coordinated development index of the ecological environment,public service,and tourism economy along the Silk Road economic Belt and to analyze its spatial and temporal ***,it explores the dynamic evolution and development trend of the three systems using the Kernel Density and Grey Markov Prediction *** results show that the coordinated development index along this region needs to be improved during the study ***,the coordinated development index of the Southwest region is relatively higher than that of the Northwest *** the development trend of the three systems,all of them develop in a stable manner;however,the tourism economy system is easily affected by external *** coordinated development index of the three systems changes dynamically and tends to be in a good state of *** is a certain spatial and temporal *** gravity center of the coordinated development index has been in the Southwest *** the forecast period,the coordinated development index along this region will improve significantly,while insufficient and unbalanced development will continue.

关键词： Dual-carbon Ecological environment Public services Tourist economy Silk Road economic Belt

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Local State Capacity and Uneven Taxation across Industrial Firms

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China & World Economy 2024年第3期32卷 191-214页

作者： Linke Hou Zhikuo Liu Qi Zhang Xiaolu Zhao the economic Research Center Shandong UniversityChina China Center for economic Studies Fudan UniversityChina school of economics Ocean University of ChinaChina

In this research we investigate the association between local state capacity(LSC)and effective tax burdens(ETBs)on industrial firms within counties between 1998 and *** LSC measures a state's capacity for policy implementation and specifically its ability to acquire low-cost agricultural land for nonagricultural(industrial or commercial)*** on China's government-led development experience since the 1990s,we draw on two unique household survey datasets to capture LSC at county *** find robust evidence that greater LSC was associated with much lower ETBs on large industrial *** taxation pattern implies local government's primary reliance on larger manufacturing firms,while the ETBs for small-and-medium enterprises are not as prominently *** research highlights that LSC can affect both the amount of revenue a local government can generate and the methods it uses to collect these revenues.

关键词： China effective tax burdens land requisition local government local state capacity

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MODIFIED STOCHASTIC EXTRAGRADIENT METHODS FOR STOCHASTIC VARIATIONAL INEQUALITY

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Journal of Computational Mathematics 2024年第2期42卷 390-414页

作者： Ling Zhang Lingling Xu school of Management and economic Beijing Institute of TechnologyBeijing 100081China school of Mathematical Sciences Nanjing Normal UniversityNanjing 210023China school of Mathematical Sciences and Jiangsu Key Laboratory for NSLSCS Nanjing Normal UniversityNanjing 210023China

In this paper,we consider two kinds of extragradient methods to solve the pseudo-monotone stochastic variational inequality ***,we present the modified stochastic extragradient method with constant step-size(MSEGMC)and prove the convergence of *** the strong pseudo-monotone operator and the exponentially growing sample sequences,we establish the R-linear convergence rate in terms of the mean natural residual and the oracle complexity O(1/ǫ).Second,we propose a modified stochastic extragradient method with adaptive step-size(MSEGMA).In addition,the step-size of MSEGMA does not depend on the Lipschitz constant and without any line-search ***,we use some numerical experiments to verify the effectiveness of the two algorithms.

关键词： Stochastic variational inequality Pseudo-monotone Modified stochastic ex-tragradient methods Adaptive step-size

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A Hybrid Air Quality Prediction Model Based on Empirical Mode Decomposition

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Tsinghua Science and Technology 2024年第1期29卷 99-111页

作者： Yuxuan Cao Difei Zhang Shaoqi Ding Weiyi Zhong Chao Yan school of Computer Science Qufu Normal UniversityRizhao 276826China school of Mathematical Sciences Qufu Normal UniversityQufu 273165China school of Computer Science Qufu Normal UniversityRizhao 270826China College of economic and Management Shandong University of Science and TechnologyQingdao 250307China

Air pollution is a severe environmental problem in urban *** air quality prediction can help governments and individuals make proper decisions to cope with potential air *** a classic time series forecasting model,the AutoRegressive Integrated Moving Average(ARIMA)has been widely adopted in air quality ***,because of the volatility of air quality and the lack of additional context information,i.e.,the spatial relationships among monitor stations,traditional ARIMA models suffer from unstable prediction *** some deep networks can achieve higher accuracy,a mass of training data,heavy computing,and time cost are *** this paper,we propose a hybrid model to simultaneously predict seven air pollution indicators from multiple monitoring *** proposed model consists of three components:(1)an extended ARIMA to predict matrix series of multiple air quality indicators from several adjacent monitoring stations;(2)the Empirical Mode Decomposition(EMD)to decompose the air quality time series data into multiple smooth sub-series;and(3)the truncated Singular Value Decomposition(SvD)to compress and denoise the expanded *** results on the public dataset show that our proposed model outperforms the state-of-art air quality forecasting models in both accuracy and time cost.

关键词： air quality prediction Empirical Mode Decomposition(EMD) Singular Value Decomposition(SVD) AutoRegressive Integrated Moving Average(ARIMA)

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Global Value Chain Participation and Firms'Responses to Exchange Rate Fluctuations

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China & World Economy 2024年第5期32卷 53-86页

作者： Chun Jiang Fuwei Sun Zhida Zhang Center for economic Development Research Wuhan UniversityChina economics and Management school Wuhan UniversityChina

Greater participation in global value chains(GVCs)has highlighted the impact of exchange rate shocks on international *** paper examines how such participation influences firms'responses to exchange rate movements,focusing on the relationship between firms'pricing and value-added in *** study,using detailed Chinese firm-level data,demonstrates that firms with a high degree of GVC participation reacted to currency appreciation by lowering their export prices more substantially and reducing their export volumes *** is mainly attributable to the"cost-hedging effect"within the marginal cost channel and the"pricing inhibition effect"within the markup *** categorizing export firms by trade models and product types,this study further demonstrates that processing trade firms at the low end of the value chain and those with low product differentiation were more inclined to absorb exchange rate *** study adds to the existing theoretical framework and provides strong evidence for China in deepening GVC integration and supporting the development of high-quality export firms.

关键词： exchange rate elasticity exchange rate fluctuations exchange rate pass through firm response global value chain participation

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Energy Storage Operation Modes in Typical Electricity Market and Their Implications for China

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Energy Engineering 2024年第9期121卷 2409-2434页

作者： Junhui Liu Yihan Zhang Zijian Meng Meng Yang Yao Lu Zhe Chai Zhaoyuan Wu State Grid Henan economic Research Institute Zhengzhou450052China school of Electrical and Electronic Engineering North China Electric Power UniversityBeijing102206China

As the Chinese government proposes ambitious plans to promote low-carbon transition,energy storage will play a pivotal role in China’s future power ***,due to the lack of a mature electricity market environment and corresponding mechanisms,current energy storage in China faces problems such as unclear operational models,insufficient cost recovery mechanisms,and a single investment entity,making it difficult to support the rapid development of the energy storage *** contrast,European and American countries have already embarked on certain practices in energy storage operation *** exploration of key issues such as investment entities,market participation forms,and cost recovery channels in both front and back markets,a wealth of mature experiences has been ***,this paper first summarizes the existing practices of energy storage operation models in North America,Europe,and Australia’s electricity markets separately from front and back markets,finding that perfect market mechanisms and reasonable subsidy policies are among the main drivers for promoting the rapid development of energy storage ***,combined with the actual development of China’s electricity market,it explores three key issues affecting the construction of costsharing mechanisms for energy storage under market conditions:Market participation forms,investment and operation modes,and cost recovery ***,in line with the development expectations of China’s future electricitymarket,suggestions are proposed fromfour aspects:Market environment construction,electricity price formation mechanism,cost sharing path,and policy subsidy mechanism,to promote the healthy and rapid development of China’s energy storage industry.

关键词： Electricity market energy storage operational mode cost-sharing mechanism

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The Frontiers in Manufacturing Technologies Initiative and University Innovation

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China & World Economy 2024年第5期32卷 197-225页

作者： Xuan Leng Yichuan Zhang China Center for Special economic Zone Research Shenzhen UniversityChina school of Government Sun Yat-sen UniversityChina

Basic innovation,with universities as a key driver,is essential for advancing core technologies in the manufacturing *** study used a manufacturing technologies initiative as a natural experiment,combining funding and its outcomes data from the National Natural Science Foundation of China to construct a difference-in-differences *** found that the Frontiers in Manufacturing Technologies Initiative had a positive effect on university innovation,particularly by increasing the number of university *** analysis showed that the policy mainly encouraged university innovation through university-industry *** effect was more salient in universities with stronger basic research capabilities and those whose research fields matched strategic emerging industries covered by the *** study underscores the crucial role of the Frontiers in Manufacturing Technologies Initiative in enhancing university-led *** highlights the effectiveness of industry-academia partnerships in advancing technology,particularly in emerging strategic industries.

关键词： industry policy joint innovation university-industry collaboration university innovation

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Impact of carbon disclosure on debt financing costs

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Chinese Journal of Population,Resources and Environment 2024年第1期22卷 98-108页

作者： Yiming Hu Yunfeng Liang school of Management and economics Beijing Institute of TechnologyBeijing 100081China China Center for International economic Exchanges Beijing 100050China

Creditors,such as banks,often use disclosed environmental information to assess a company’s environmental risk and ensure the safety of debt ***,carbon disclosures have become an important consideration for creditors when making *** study explores the relationship between carbon disclosure and debt financing costs using data on listed companies from 2008 to *** results show that carbon disclosure can reduce the debt financing costs of enterprises,and that this influence is more significant for private companies than for state-owned *** variables and Propensity Score Matching(PSM)were used to evaluate the robustness of negative ***,carbon disclosure has a more significant impact on debt costs with less environmental supervision pressure,weak residents’environmental awareness,and weak product market *** findings provide guidance for companies’carbon information disclosure and support the establishment of official carbon disclosure standards.

关键词： Carbon disclosure Debt financing cost State-owned enterprise Private enterprise

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A Structural Measurement of the Valuation Effect of China's External Assets:Method and Application

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China & World Economy 2024年第2期32卷 97-124页

作者： Guowei Cai Xiaowei Chen Xun Wang Lingnan College Sun Yat-sen UniversityChina China Center for economic Research National School of DevelopmentPeking UniversityChina

Existing research on the measurement of the valuation effect mainly follows the residual method proposed by Lane and Milesi-Ferretti(2001).This cannot be used to perform structural *** propose an aggregation approach rather than the residual method to measure structurally the investment flow and valuation effect of China's external *** results indicate that the valuation effect of China's external assets has been highly volatile and it was negative during the pandemic *** structural decomposition shows that portfolio investment and direct investment made the main contributions to the valuation *** impact of exchange rates on the valuation effect has generally been higher than that of asset price in terms of direct investment and total external assets but the opposite has been true for portfolio ***'s outward investments are currently more inclined to Asian countries and a few European countries but inflows to China still mainly come from developed countries.

关键词： external asset investment direction structural measurement valuation effect

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How Does Government Procurement Promote Enterprise Innovation?-On the Synergy between Demand-Pull and Supply-Push of Innovation Policies

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Frontiers of economics in China-Selected Publications from Chinese Universities 2024年第1期19卷 1-29页

作者： SUN Wei YE Chusheng economics and Management school Wuhan UniversityWuhan 430072China Center for economic Development Research(CEDR) Wuhan UniversityWuhan 430072China

The promotion of technological innovation in firms requires both the supply-push and the *** accurately identify,assess,and further enhance the incentive effects of the policies of government procurement for innovation in China,this paper uses the text analysis method to identify government procurement for innovation from more than 640,000 pieces of government procurement contracts and conducts an empirical analysis based on the data of China's A-share listed firms from 2015 to *** study finds that government procurement for innovation significantly promotes corporate innovation by increasing the expected market returns,reducing R&D uncertainty,and easing financing ***,local government procurement for innovation,central government procurement for innovation,and procurement for innovation by universities and research institutes bring more significant innovation incentives for firms;and government procurement for innovation generates stronger innovation incentives for firms in strategic and emerging industries,private firms,and small-and medium-sized *** analysis reveals that demandside innovation procurement and supply-side innovation subsidies generally have mutually reinforcing synergies on corporate *** policy synergies vary depending on the levels of corporate innovation and the orders of policy *** terms of the levels of corporate innovation,the two-sided policies has mutually complementary effects on innovation-leading firms and mutually exclusive effects on innovation-lagging *** the perspective of the orders of policy implementation,the strategy of supply-side subsidies first,and demand-side procurement second is more effective in promoting corporate innovation than the strategies of demand-side procurement first and supply-side subsidies second,and supply-side subsidies and demand-side procurement *** study helps deepen the understanding of demand-side innovation sup

关键词： government procurement government procurement for innovation corporate innovation innovationpolicy

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