Working Papers
WP1298Title:On the Human Capital Accumulation Effects from Poverty Alleviation through Education ProgramAuthor:Zhao  Ying,Shi  Zhilei  and  Liu  Heqing   View Count:15
       Abstract:Poverty alleviation through education is a targeted way to reduce the poor, yet lack of scientific evaluation of macro policies on individuals after enforcing several programs since 1990 in China. This paper adopts the First National Poverty Alleviation through Education Program (NPAEP, hereafter) from 1995 to 2000 as an exogenous shock to accomplish this goal, while utilizing the confidential cou
wp1297Title:The Potential Impacts of China Involved Mega-RTA NegotiationsAuthor:Li  Chunding,Guo  Zhifang  and  He  Chuantian   View Count:13
       Abstract:Accelerating the implementation of free trade agreement strategy, and gradually building a high standard free trade agreement network, is one of important measures of China’s further opening-up policy in the thirteenth five-year plan period. The construction of mega-regional free trade agreement is the key content of this strategy. This paper builds a 29-country global general equilibrium model sy
WP1296Title:Are there any differences in Fulfilling Internal and External Corporate Social Responsibility?Author:Ma  Jun  and  He  Xuan   View Count:6
       Abstract:Family business have a strong power of cohesion and exclusivity, who follows the pattern of difference sequence. In the background of growth and transformation, this principle affects the behavior and performance of family business. Based on agency theory and socio-emotional wealth theory, this paper studies the interrelationship between family involvement, corporate social responsibility and firm
wp1294Title:The Welfare Effect of Dual-Track Pension System UnificationAuthor:Zheng  Chunrong  and  Ning  Lei   View Count:40
       Abstract:We build a dynamic general equilibrium life-cycle model; calibrate the model parameters using China data and use counter-factual experiments to study the welfare effect of the reform of Chinese dual-track pension system. We find that the end of China’s dual-track pension system reduce the welfare gap between public servants and urban workers: the welfare of low-skill public servants is only 2.24%
WP1292Title:Globalization and Cultural Protection PolicyAuthor:Ku  Xuanzhao  and  Luo  Xiaoyi   View Count:85
       Abstract:A simple dynamic monopolistic competition model, which is based on the main assumption that today's consumers of cultural goods will be the producers of tomorrow's cultural goods, is built to figure out the likely effects of protection policy towards minor cultural goods in an era of globalization. Contrasting results are obtained. With continuing moderate protection policy, domestic creators in s
WP1291Title:Firm Heterogeneity, Trade Liberalization and Market DistortionAuthor:Mao  Haitao,Qian  Xuefeng  and  Zhang  Jie   View Count:79
       Abstract:In the absence of any policy intervention, the market imperfection can also result in distortion. Based on the demand structure of Behrens type, this paper studies the effect of trade liberalization on market distortions under the framework of firm heterogeneity. With comparative static analysis, it was found that trade liberalization (market expansion or declining trade costs) did not slow down t
WP1290Title:Heterogeneous Firms, Utilization Cost and FTA Utilization RateAuthor:Han  Jian,Yue  Wen  and  Liu  Shuo   View Count:77
       Abstract:Under the framework of Ulloa & Wagner(2013), this paper builds a theoretical model which contains firm heterogeneity to investigate the firm’s choice of FTA to export. It concludes that the utilization cost is an important factor to influence the firm’s choice and only the productive firms can use FTA to export. Based on China's firm-level data, the paper analyzes the determinants of export under
WP1289Title:“Irrational” Housing Demand——A Study based on the Dual Attributes of HouseAuthor:Gong  Gang,  Zhang  Lu  and  Wei  Xiye   View Count:110
       Abstract:In modern economics, a house is considered in two properties: one as a normal commodity, and the other as a financial asset. This paper studies the housing market based on dual properties. We construct a dynamic model with “heterogeneous expectations”. We find that the higher the growth rate of housing price, the larger is the demand for house. This is contrasted to the normal demand curve of a co
WP1289Title:Exchange Rate Stabilization: A Simple Interest-Subsidy Rule——Analysis on Dynamic Exchange Rate ModelAuthor:Liu  Yun,Xu  Zhiwei  and  Wang  Pengfei   View Count:84
       Abstract:Renminbi has depreciated continuously since the end of 2015, and the situation is getting severe under the pressure of public’s pessimistic expectation. How to stabilize the exchange rate has become one of the biggest challenges faced by the Chinese government in this “new normal” economy. This paper constructs a dynamic exchange rate model incorporated with capital control, trying to dig out the