发帖
雷达卡
International Studies of Economics (ISE)
摘要：
On the dynamic effects of the cross-section distribution of sectoral price changes in China
Abstract：This paper investigates the dynamic interactions of the cross-section distribution of sectoral price changes and the output growth in the Chinese economy. We compare in depth the results of Granger causality tests, Impulse Response, and Forecast Error Variance Decompositions from Mixed Sampling Frequency Vector Autoregression (MFVAR) with those from common frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative price skewness, and output growth can be successfully detected by the MFVAR. The cross-section distribution of sectoral price changes stands to be a fundamental determinant of fluctuations in the aggregate economy, not only in the short run but also in the long run. Moreover, the empirical results are robust to the identification restrictions imposed as well as to alternative measures for model variables. Our findings are in line with the predictions of a standard sticky-price model, and thus pricing frictions are important factors behind the short-run nonneutrality of nominal shocks. We highlight the primacy of the information contained in the higher-order moments of cross-section distribution of sectoral price changes. We propose that policy authorities should make proper use of all of the valuable information available, particularly those embodied in the distribution of sectoral prices.
中国部门价格变动的动态效应研究
摘要：本文探究了中国部门价格变动的横截面分布特征与产出增长之间的动态关联。基于格兰杰因果检验、脉冲响应、方差分解的结果，本文详细地比较了在混频采样向量自回归（MFVAR）模型与传统的向量自回归（VAR）模型下，实证结论之异同。研究结果表明，MFVAR模型能够较为成功地检测出通货膨胀、相对价格变异性、相对价格偏斜度和产出增长之间的潜在因果关系。无论在短期内还是在长期内，部门相对价格的变动都是引发中国总体经济波动不容忽视的决定因素。此外，就模型识别限制条件和核心变量测度而言，本文的实证结果均具有高度稳健性。本文的研究结果和黏性价格模型（鲍尔和曼昆，1995）的理论预测相吻合，这意味着定价摩擦是导致名义冲击短期非中性的重要原因。我们认为，部门价格变动的高阶矩及其横截面分布特征包含了十分丰富的信息。因此货币当局在制定实施货币政策时，需充分、合理地利用所有可获得的信息，特别是蕴涵在部门价格分布中的那些有益信息。
扫码阅读全文
https://doi.org/10.1002/ise3.60
Cross-affiliation collaboration and power laws for research output of institutions: Evidence and theory from top three finance journals
Abstract：Cross-affiliation emerges as a new and fast-developing means to promote collaboration in financial research. We find that the average number of affiliations reported per author in the top-three finance journals increases steadily from 1.1 to 1.3 from 1995 to 2016. Scale-free power laws characterize the resulting highly-skewed distributions of top finance journal publications of worldwide institutions. We propose an explanation of the scale-invariance, based on a network model featuring nonlinear growth and linear preferential attachment. The model indicates that success-breeds-success engenders 87% of total publications and hence the dispersion in research output, while accelerated growth of collaboration reduces the heterogeneity.
机构间交叉合作与研究产出的幂律：来自金融学三大顶级期刊的证据与理论
摘要：跨机构合作兴起并成为推动金融研究合作的一种崭新且快速发展的手段。我们发现，从1995年到2016年，三大顶级金融期刊中每位作者报告的平均依托机构数量稳步增加，从1.1上升至1.3。无尺度幂律表征了世界各地机构在顶级金融期刊上发表的论文数量的分布的高偏度特征。我们基于非线性增长和线性优先链接的网络模型，提出了关于尺度不变性的解释。该模型表明，“成功造就成功”产生了总发表量的87%，从而引发了不同机构研究产出的差距，而合作的加速增长则缩少了这一差异。
扫码阅读全文
https://doi.org/10.1002/ise3.52
Open doors: The impact of border reforming and opening policies on the regional border economies of China
Abstract：The openness and security of a country's borders is a matter of concern for countries worldwide. Since its reform and opening up in 1978, China has implemented reforming and opening policies in border regions, as represented by the “Xingbian Fumin Xingdong” (Revitalize Border Areas and Enrich Residents' Lives Policy [RBAERL Policy]) to achieve economic prosperity and stability. This study evaluated the impacts of the RBAERL policy in terms of outcomes related to county-level economic growth in China's border regions. Using China's county-level panel data from 1999 to 2016, we applied a spatial discontinuity design with the geographical boundary serving as the running variable. We found that the RBAERL policy contributed significantly to the economic growth of the border counties. These results were shown to be robust when measured against a series of test procedures. Through a by-segment analysis of the border regions, we found that the policy had the strongest effect in northeastern China. Further mechanism analysis showed that the effect of per capita GDP growth primarily resulted from the expansion of the industrial sector along with physical and human capital investment rather than the promotion of employment and the growth of total factor productivity. The findings of this study can provide references for the importance of open borders for economic development and national security.
开放门户：边境开放开发政策对中国边疆地区经济的影响
摘要：一个国家边境的开放和安全是全球各国普遍关注的问题。自1978年改革开放以来，中国在边疆地区实施了以“兴边富民行动”为代表的开放开发政策，旨在实现边疆地区经济繁荣和稳定发展。本研究利用1999-2016年中国边疆地区县域面板数据，依据空间地理分界构建边境县和非边境县的准自然实验，运用空间断点回归方法评估了“兴边富民行动”政策对中国边疆县域经济增长的影响。研究发现“兴边富民行动”显著促进了边疆县域的经济增长。这些结果在经过一系列稳健性检验后依旧成立。通过对边疆地区进行异质性分析，我们发现该政策在中国东北地区的影响效果最为显著。进一步的作用机制分析表明，边疆边境县经济增长的政策效果主要源于工业部门的扩张以及物质和人力资本的提升，而非就业推动和全要素生产率的提升。本研究结果为理解边疆开放开发对于促进经济发展和确保国家边疆安全的重要性提供了参考依据。
扫码阅读全文
https://doi.org/10.1002/ise3.53
期刊简介
InternationalStudies of Economics(《国际经济研究》，简称ISE) 由上海财经大学经济学院和Wiley合作编辑出版。本刊刊发经济学各个方向的理论性、实证性论文，特别是与中国经济及其他新兴、发展中或转型经济相关的论文。发稿以原创研究论文为主，同时也涵盖观点论文、文献综述、书评等。
期刊拥有强大的学术顾问委员会、共同主编团队及编委会，其中包括Eric Maskin,Daniel L. McFadden, Paul Milgrom, Amartya Sen等诺贝尔经济学奖获得者，邹至庄、吴敬琏等多位资深海内外著名经济学家，及钱颖一、陈晓红等一大批顶尖华人经济学家。
本刊为双向匿名审稿的英文季刊，以开放获取出版模式以电子网络版发行，并被DOAJ, EBSCO-BSU,美国EconLit（经济学文献数据库）, ESCI,Gale, ProQuest, RePEc, SCOPUS等海内外十多家检索机构收录。
主编团队
主 编：田国强，德州农工大学
执行主编：安永红，德州农工大学
共同主编：
艾春荣，香港中文大学（深圳）
黄晓东，范德比尔特大学
王 能，哥伦比亚大学
温 泉，华盛顿大学
赵 开，康涅狄格大学
联系我们
邮箱：ise@sufe.edu.cn
电话：021-65902330
微信群名：ISE Scholars
在线投稿：http://mc.manuscriptcentral.com/isec
网站：https://onlinelibrary.wiley.com/journal/28313224
地址：上海市杨浦区武川路111号上海财经大学经济学院ISE期刊编辑部
Journal Profile
International Studies of Economics(ISE) is a general interest open access journal in economicspublished by Wiley on behalf of the Schoolof Economics, Shanghai University of Finance and Economics. Issued quarterly, the journal is indexed in more than10 databases including DOAJ, EBSCO-BSU, EconLit, ESCI, Gale, ProQuest, RePEcand SCOPUS.
The ISE welcomes submissionsof theoretical and empirical papers from all fields of economics, particularlythose with an emphasis on the Chinese economy and other emerging, developing ortransition economies. While the journal is primarily interested in originalresearch papers, it also welcomes submissions of opinion articles, literaturesurveys, and book reviews.
Editorship
Editor: Guoqiang Tian, Texas A&M University
Executive Editor: Yonghong An, Texas A&MUniversity
Co-Editors:
Chunrong Ai,Chinese University of Hong Kong (Shenzhen)
Kevin X.D.Huang, Vanderbilt University
Neng Wang,Columbia University
Quan Wen,University of Washington
Kai Zhao,University of Connecticut
原文链接：https://onlinelibrary.wiley.com/toc/28313224/2023/18/4
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