Abstract

This paper is a preliminary attempt to use both the value added approach with double deflation and the expenditure approach to deflate China's nominal GDP over 15 years (2004-2018). The results show that China's real GDP growth during the period has significantly more fluctuations than the official statistics indicate. Additionally, inflation, as measured by the official implicit GDP deflator, is generally overestimated during boom years but underestimated during downturn years. In particular, it is shown that China's growth slowdown in recent years before the COVID19 pandemic may have been more severe than official figures suggest.

Keyword

Chinese statistics ;  GDP deflator ;  GDP growth

Abstract

特邀编委 汪泓(Wang, Hong) 丁远 (Ding, Yuan) 执行编委 何今宇(He, Jinyu) 编委会成员 许斌 (Xu, Bin) 白诗莉 (Price, Lydia Jean) 陈世敏 (Chen, Shimin) 芮萌 (Rui, Meng) 王泰元 (Wang, Taiyuan)

Keyword

corporate social responsibility ;  CSR ;  企业社会责任

Abstract

Hosting sports events to attract international tourists is a common policy practised by many host governments. Hosting mega-sports events like the Olympics is said to leave a legacy that could impact the attractiveness of a country/city in the long term. However, the opportunity to host these mega-events is limited and expensive. This study considers the economic impact of hosting annual international sporting events, specifically the extent to which Formula 1, ATP Tennis and PGA Golf can attract international tourists. Using monthly data from 1998 to 2018, we show that the effect differs from one sport to another within a country and the same sport across countries. Hosting the Formula 1 is most effective for Canada but has no significant impact in Australia and the United Kingdom. ATP Tennis and PGA Golf have a significant impact on at least two countries. Policy-makers must consider carefully the sport that gives the best bang-for-the-buck.

Keyword

Formula 1 ;  golf ;  international tourists ;  sports tourism ;  tennis

Abstract

The China model is increasingly viewed by developing countries as a viable alternative to democracy. China's allegedly merit-based promotion system is lauded as a secret ingredient of the China model. However, once being promoted to the top, Chinese leaders are as unconstrained as other autocrats. If there are fundamental reasons why other autocrats cannot commit to such a promotion system, why are Chinese leaders any different? We provide a unified theory that accommodates both China and other autocracies by postulating that they coordinate on different equilibria. Both the presence and the absence of political career concerns can arise in equilibrium.

Keyword

Abstract

As China aimed to transform her growth into an innovation-driven model, we study the impact of China's effort to promote technology inventions. By linking to Google Patents, we compile a comprehensive set of patent quality indicators. Based on Chinese provincial panel data from 1995 to 2010, we find that the effect of the implemented patent subsidy policies on quantity, as well as various quality metrics of patents, was significantly positive. Moreover, the explanation power of subsidy policies on both patent quantity and quality diminished as time goes by. We also find that the effect of these policies depended on the growth rate of experienced innovators rather than entrants. Since the implemented policies we study in this paper were designed to focus on subsidizing expenses incurred during the patenting process, our results show that the provided partial funding led the way for improving China's patent quality.

Keyword

China ;  Innovation ;  Patent quality ;  Patent subsidy policy

Abstract

本项研究得到了中欧国际工商学院众多校友和在读学员的积极参与，学院校友关系事务部、信息 技术部、市场传播部、各课程部门（EMBA, FMBA, GEMBA, HEMBA, MBA和高层经理培训）的 大力支持，以及学院研究经费的资助 (项目号：17BICS)，研究团队对此深表感谢。研究团队负全 部文责。 中欧国际工商学院（以下简称“中欧”）研究团队在2020年4月2日至9日期间就新冠肺炎疫情对 在华商业运营的影响做了线上问卷调查。本次调查共收到1,182份答卷，问卷填 写者中有892位（75.5%）任职于中资公司或中资占50%及以上的合资公司（以下简称“中资企 业”），有290位（24.5%）任职于外资（含港澳台）公司或外资占50%以上的合资公司（以下 简称“外资企业”）。

Keyword

2020 ;  Business Operations ;  China ;  China Business Survey ;  COVID-19 ;  中国 ;  中国商业报告 ;  中资企业 ;  商业运营 ;  外资企业 ;  新冠肺炎疫情

Abstract

CEIBS Research Team with three professors and two research assistants conducted an online survey from April 2nd to April 9th 2020, receiving 1,182 responses in total. 892 (75.5%) survey participants work for Chinese-owned firms or firms with 50% or more Chinese ownership, and 290 (24.5%) work for foreign-owned firms in China or firms with more than 50% foreign ownership.

Keyword

2020 ;  Business Operations ;  China ;  China Business Survey ;  COVID-19 ;  中国 ;  中国商业报告 ;  中资企业 ;  商业运营 ;  外资企业 ;  新冠肺炎疫情

Abstract

特邀编委 李铭俊 丁远 执行编委 陈杰平 编委会成员 许斌 芮萌 陈世敏 白诗莉 陈少晦　

Keyword

Corporate Social Responsibility ;  CSR ;  企业社会责任

Abstract

《中欧陆家嘴金融评论（2019）》是中欧陆家嘴国际金融研究院与上海市金融工作局联合组织编撰的年度研究报告结集。管中窥豹，见微知著。其间述及的许多经济金融热点问题，有的已达成了阶段性结论，有的本身是未尽的开放性议题，值得持续关注。 　　《中欧陆家嘴金融评论(2019）》文章包括《上海高标准基本建成国际金融中心研究》《上海金融市场国际化路径研究》《营商环境的金融法治意蕴和推进路径》等等。 目录 国际发达金融中心城市最新动态研究 上海高标准基本建成国际金融中心研究 加强房地产开发企业融资管理，防范资金链断裂和偿付风险 上海金融市场国际化路径研究 上海市社会化众筹机构发展现状及强化监管的对策研究 推动上海建设全球绿色金融中心研究 深化金融对外开放，推动外资银行在沪发展研究 长三角金融监管跨区域协调机制研究 科创板双层股权结构制度下的投资者保护问题分析 上海金融业供给侧结构性改革与科创中心建设——以科创板为例 营商环境的金融法治意蕴和推进路径 区块链技术对于金融机构的挑战与机遇 上海人口转型与产业结构的关系 “十四五”时期上海国际金融中心建设与上海经济、贸易、航运及科创中心联动发展的基本思路

Keyword

Abstract

Keyword

房地产 ;  新冠 ;  疫情