2024 Vol. 39, No. 3

Digital Economy Theory and Application
Intelligent Transformation, Economic Policy Uncertainty and Manufacturing Innovation: From the Perspective of Innovation Motivation
LIU Wei, LU Hong-fang, YU Long-zhen, JIANG Yu-chen
2024, 39(3): 4-19.
Abstract:
Intelligent transformation is the key driving force to promote the digital-real integration and accelerate the development of manufacturing innovation. Based on the data of listed manufacturing enterprises in Shanghai and Shenzhen A-share markets from 2015 to 2022, this paper investigates the direct...
The Impact of the Development of Intelligent Logistics Industry on Economic Resilience: Effects and Mechanisms
GU Cheng, ZHANG Shu-shan
2024, 39(3): 20-34.
Abstract:
It is of great practical significance to scientifically assess the impact of developing intelligent logistics industry on economic resilience. Using the panel data of 286 cities in China from 2006 to 2021, this paper creates indicators of intelligent logistics industry and economic resilience to exp...
Management and Corporate Performance
Climate Policy Uncertainty and Corporate Asset-Debt Maturity Mismatch
CHEN Mo, ZHANG Ji-jian, XU Zhe
2024, 39(3): 35-51.
Abstract:
This study introduces an index to quantify climate policy uncertainty at the level of enterprise and analyzes its effects on the corporate asset-debt maturity mismatch among Chinese A-share listed companies from 2007 to 2022. The findings reveal that climate policy uncertainty intensifies the prefer...
How Can "Chain Master" Improve the Total Factor Productivity of Upstream and Downstream Enterprises
MA Zhong, LU Ya-lin
2024, 39(3): 52-65.
Abstract:
Whether "chain master" can give full play to their "leading goose" is of great significance for leading the collaborative development of enterprises in the chain and promoting the security level of the industrial chain and supply chain. Based on the data of A-share listed enterprises from 2009 to 20...
Fiscal and Public Administration
Tax Sharing, Fiscal Incentives, and Market Integration: Evidence from the "Five-to-Five" Sharing Reform of VAT
JIN Qu, ZHANG Yi-ling, ZHAN Xin-yu
2024, 39(3): 66-78.
Abstract:
Fiscal and tax policies are the institutional guarantee for macroeconomic operation, playing a significant role in building a united national market and promoting Chinese path to modernization. Adopting the price method assessing market integration at the prefecture-level cities from 2009 to 2020, t...
Green Economy and Three Rural Issues
Intelligentization of Circulation Industry and Balanced Urban-Rural Development: From the Perspective of Consumption Gap between Urban and Rural Residents
MENG Hao-yun, ZHANG Yang
2024, 39(3): 79-94.
Abstract:
In the context of the new development paradigm, fostering the intelligentization of the circulation industry emerges as pivotal role in unlocking domestic and international dual circulation while addressing the disparities in urban and rural development. Through the lens of the consumption gap betwe...
A Study on the Impact of China-Europe Railway Express on Green Total Factor Productivity in Chinese Cities
XIAO Ting, CHEN Zhou-yong
2024, 39(3): 95-113.
Abstract:
In the context of high-standard opening-up, the opening of the China-Europe Railway Express may have a profound impact on the regional economy and environment. Based on the panel data of prefecture-level cities in China from 2008 to 2019, this paper analyzes the effects and mechanisms between the Ch...
Law and Economics
Construction of Intellectual Property System and Corporate Digital Technology Innovation: Evidence from Chinese Listed Manufacturing Companies
ZHONG Jian, FENG Zheng
2024, 39(3): 114-128.
Abstract:
In the context of accelerating the development of digital economy, intellectual property protection, as an important policy tool for external governance, has a significant impact on corporate digital technology innovation. Taking the construction of the intellectual property demonstration city as a ...