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- Economic geography (3)
- Migration (3)
- Regional trade (3)
- COVID-19 (2)
- China (2)
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- Differential reform (2)
- Economic development (2)
- Economic growth (2)
- Financial development (2)
- Household registration system (2)
- Hukou system (2)
- Misallocation (2)
- Spatial quantitative analysis (2)
- Urbanization policy (2)
- Agglomeration economies (1)
- Attenuations peed (1)
- Banking system (1)
- CPTPP (1)
- Capital markets (1)
- Cities (1)
- City size (1)
- Efficiency (1)
- Firm performance (1)
- Floods (1)
- Fractal structure (1)
- Gender imbalance (1)
- General equilibrium spatial model (1)
- Global value chain (1)
- Government efficiency (1)
- Gross-export decomposition framework (1)
Articles 1 - 16 of 16
Full-Text Articles in Social and Behavioral Sciences
Migration And Resource Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang
Migration And Resource Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang
Research Collection School Of Economics
We structurally estimate the firm-level frictions across prefectures in China and quantify their aggregate and distributional implications. Based on a general equilibrium model with input and output distortions and migration, we show that the firm-level frictions are less dispersed and less correlated with firm productivity in richer prefectures. Counterfactual exercises show that reducing the within-prefecture misallocation increases aggregate welfare, discourages migration toward large prefectures, and reduces spatial inequality. Moreover, internal migration alleviates micro-frictions’ impacts on aggregate welfare and worsens their effects on spatial inequality.
Young Women In Cities, Yumi Koh, Li Jing, Yifan Wu, Junjian Yi, Hanzhe Zhang
Young Women In Cities, Yumi Koh, Li Jing, Yifan Wu, Junjian Yi, Hanzhe Zhang
Research Collection School Of Economics
Young women outnumber young men in cities in many countries during periods of economic growth and urbanization. This gender imbalance among young urbanites is more pronounced in larger cities. We use the gradual rollout of special economic zones across China as a quasi-experiment to establish the causes of this gender imbalance. Our analysis suggests that a key contributor is gender-differential incentives to migrate due to rural women’s higher likelihood of marrying and marrying up in cities when urbanization creates more economic opportunities and an abundance of high-income marriage-age men.
Migration And Spatial Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang
Migration And Spatial Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang
Research Collection School Of Economics
We structurally estimate the firm-level frictions across prefectures in China and quantify their aggregate and distributional implications. Based on a general equi-librium model with input and output distortions and migration, we show that the firm-level frictions are less dispersed and less correlated with productivity in richer prefectures. Counterfactual exercises show that reducing the within-prefecture mis-allocation increases the aggregate welfare, discourages migration towards large cities, and narrows the spatial inequality. Moreover, internal migration alleviates the impacts of micro-frictions on aggregate welfare and worsens their impacts on spatial inequality.
Cities In A Pandemic: Evidence From China, Badi H. Baltagi, Ying Deng, Li Jing, Zhenlin Yang
Cities In A Pandemic: Evidence From China, Badi H. Baltagi, Ying Deng, Li Jing, Zhenlin Yang
Research Collection School Of Economics
This paper studies the impact of urban density, city government efficiency, and medical resources on COVID-19 infection and death outcomes in China. We adopt a simultaneous spatial dynamic panel data model to account for (i) the simultaneity of infection and death outcomes, (ii) the spatial pattern of the transmission, (iii) the intertemporal dynamics of the disease, and (iv) the unobserved city-specific and time-specific effects. We find that, while population density increases the level of infections, government efficiency significantly mitigates the negative impact of urban density. We also find that the availability of medical resources improves public health outcomes conditional on …
Global Value Chains And The Cptpp, Pao-Li Chang, Tran Bao Phuong Nguyen
Global Value Chains And The Cptpp, Pao-Li Chang, Tran Bao Phuong Nguyen
Research Collection School Of Economics
The CPTPP, or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, is an example of a ‘mega-regional’ free trade agreement, whose provisions on the rules of origin and trade facilitation can potentially have large impacts on CPTPP-wide supply chains. In this paper, we analyse how intensively the CPTPP members participate in the global value chain (GVC), whether they have stronger linkages with members than with non-members, the position of the members in the global and regional network, and whether the CPTPP members are key upstream and downstream trade partners to each other. We develop formulas of GVC position, and importance …
Using Satellite-Observed Geospatial Inundation Data To Identify The Impacts Of Flood On Firm-Level Performances: The Case Of China During 2000–2009, Pao-Li Chang, Fan Zheng
Using Satellite-Observed Geospatial Inundation Data To Identify The Impacts Of Flood On Firm-Level Performances: The Case Of China During 2000–2009, Pao-Li Chang, Fan Zheng
Research Collection School Of Economics
Among the first in the literature, this paper combines high-resolution satelliteobserved inundation maps with geocoded firm-level data to identify the flood exposure at the firm level. We apply the methodology to study the impact of floods on microlevel firm performances in China for the period 2000–2009. Being hit by a flood is associated with an annual loss of output and productivity of around 6% and 5%, respectively, which persists in the long run. The effects are heterogeneous across types of firms and locations of the floods. Firms that are tangible-asset intensive are more negatively affected by the flood events. Meanwhile, …
Attenuation Of Agglomeration Economies: Evidence From The Universe Of Chinese Manufacturing Firms, Li Jing, Liyao Li, Shimeng Liu
Attenuation Of Agglomeration Economies: Evidence From The Universe Of Chinese Manufacturing Firms, Li Jing, Liyao Li, Shimeng Liu
Research Collection School Of Economics
This paper quantifies industry-specific spatial attenuation of agglomeration economies by taking advantage of unique geocoded administrative data on the universe of Chinese manufacturing firms. The estimates of industry-level attenuation speed further allow us to systematically assess the goodness of fit of various spatial decay functional forms and to evaluate the micro-foundations that govern the decay patterns across industries. We obtain three main findings. First, agglomeration spillovers attenuate by about 90 percent on average from 0-1 km to 1-5 km in China, with large heterogeneity in the extent of attenuation ranging from 73 percent to 116 percent across industries. Second, the …
Bank, Stock Market Efficiency And Economic Growth: Panel Data Evidence From Asean-5, Asia-5 And Oecd-7 Countries, Swee Liang Tan
Bank, Stock Market Efficiency And Economic Growth: Panel Data Evidence From Asean-5, Asia-5 And Oecd-7 Countries, Swee Liang Tan
Research Collection School Of Economics
This paper estimates bank and stock market efficiency associations with real per capita GDP growth by examining panel-data across three different regions using Beck-Katz Panel-Corrected Standard Errors (PCSE) regression. It allows heteroskedastic and/or contemporaneously correlated disturbances across panels, with to specify a common first-order autocorrelation within the panel. The results suggest efficiency effects on growth is not unambiguous. The results suggest a threshold beyond which increase in bank overhead cost hurts economic growth, for developing countries. Likewise, there is a threshold beyond which increase in stock market turnover ratio hurts economic growth, for developed countries. One policy implication of the …
Jue Insight: Migration, Transportation Infrastructure, And The Spatial Transmission Of Covid-19 In China, Bingjing Li, Lin Ma
Jue Insight: Migration, Transportation Infrastructure, And The Spatial Transmission Of Covid-19 In China, Bingjing Li, Lin Ma
Research Collection School Of Economics
This paper evaluates the impacts of migration flows and transportation infrastructure on the spatial transmission of COVID-19 in China. Prefectures with larger bilateral migration flows and shorter travel distances with Hubei, the epicenter of the outbreak, experienced a wider spread of COVID-19. In addition, richer prefectures with higher incomes were better able to contain the virus at the early stages of community transmission. Using a spatial general equilibrium model, we show that around 28% of the infections outside Hubei province can be explained by the rapid development in transportation infrastructure and the liberalization of migration restrictions in the recent decade.
What, Why And How Financial Development Matters: Evidence Of Asean-5, Asia-5 And Oecd-7 Economies, Swee Liang Tan
What, Why And How Financial Development Matters: Evidence Of Asean-5, Asia-5 And Oecd-7 Economies, Swee Liang Tan
Research Collection School Of Economics
This paper analysed the association between bank and capital markets financial development with income per capita in three regions; ASEAN-5 economies (Singapore, Malaysia, Thailand, Philippines, Indonesia), Asia-5 (Japan, China, Hong Kong SAR, South Korea and India) and OECD-7 (Australia, Canada, Denmark, Norway, Sweden, UK and US) covering the period from 2000 to 2017 using panel data analysis. Fixed effect regression models with Driscoll-Kraay standard errors to account for the problem of heteroskedastic and autocorrelated error structure are used. What ASEAN-5 can learn from Asia-5 and OECD-7 experience is that bank size does matter for Asia-5 and OECD-7 despite digital disruptions …
Urbanization Policy And Economic Development: A Quantitative Analysis Of China's Differential Hukou Reforms, Wen-Tai Hsu, Lin Ma
Urbanization Policy And Economic Development: A Quantitative Analysis Of China's Differential Hukou Reforms, Wen-Tai Hsu, Lin Ma
Research Collection School Of Economics
The household registration system (hukou system) in China has hampered rural-urban migration by posing large migration friction. The system has been gradually relaxed in the past few decades, but the reforms have been differential in city size. We find a striking contrast in migration patterns between years 2005 and 2015; rural people tended to move more to large cities in 2005, but more to small- and medium-sized cities in 2015. We calibrate a spatial quantitative model to the world economy in both years with China divided into rural, mega-city, and other-city regions. We find that alternative urbanization policies that are …
Urbanization Policy And Economic Development: A Quantitative Analysis Of China's Differential Hukou Reforms, Wen-Tai Hsu, Lin Ma
Urbanization Policy And Economic Development: A Quantitative Analysis Of China's Differential Hukou Reforms, Wen-Tai Hsu, Lin Ma
Research Collection School Of Economics
The household registration system (hukou system) in China has hampered rural-urban migration by posing large migration friction. The system has been gradually relaxed in the past few decades, but the reforms have been differential in city size and by the coastal-inland divide. We find a striking contrast in the migration patterns between years 2005 and 2015; rural people tended to move more to the coastal urban region in 2005, but more to the inland urban region in 2015. We calibrate a spatial quantitative model to the world economy in both years with China being divided into the rural, coastal urban, …
Common Power Laws For Cities And Spatial Fractal Structures, Tomoya Mori, Tony E. Smith, Wen-Tai Hsu
Common Power Laws For Cities And Spatial Fractal Structures, Tomoya Mori, Tony E. Smith, Wen-Tai Hsu
Research Collection School Of Economics
City-size distributions are known to be well approximated by power laws across a wide range of countries. But such distributions are also meaningful at other spatial scales, such as within certain regions of a country. Using data from China, France, Germany, India, Japan, and the United States, we first document that large cities are significantly more spaced out than would be expected by chance alone. We next construct spatial hierarchies for countries by first partitioning geographic space using a given number of their largest cities as cell centers and then continuing this partitioning procedure within each cell recursively. We find …
Geography, Trade, And Internal Migration In China, Lin Ma, Yang Tang
Geography, Trade, And Internal Migration In China, Lin Ma, Yang Tang
Research Collection School Of Economics
This paper quantitatively studies the local welfare impacts of inter-city migration in China. We structurally estimate a trade model with endogenous migration decisions using data from 279 prefecture-level cities. The results suggest that inflows of migrant workers increase welfare in the destination cities between 2000 and 2005 despite their negative impacts on congestion and nominal wage. The positive local impacts of migration depend crucially on the endogenous firm entry. The positive impacts in the destination cities also spill over to the neighboring cities through inter-city trade, often leading to higher welfare gains in the nearby cities than the destination cities …
Geography, Trade And Power-Law Phenomena, Pao-Li Chang, Wen-Tai Hsu
Geography, Trade And Power-Law Phenomena, Pao-Li Chang, Wen-Tai Hsu
Research Collection School Of Economics
This article provides a review on the theories of various power-law phenomena related to geography and trade. In particular, we focus our discussion on the gravity equation of trade flows, the power law in firm size, and the link between the two - highlighting the roles of geography and trade in the theoretical modeling. We also discuss how these two power-law phenomena may be related to other power-law phenomena, such as those in income, firm productivity and city size.
Study On Singapore's Experience Of Regional Economic Cooperation, John Wong, Kim Song Tan, Yang Mu, Sarah Tong, Tim Seng Lim, Chee Kia Lim
Study On Singapore's Experience Of Regional Economic Cooperation, John Wong, Kim Song Tan, Yang Mu, Sarah Tong, Tim Seng Lim, Chee Kia Lim
Research Collection School Of Economics
Singapore and Hong Kong share many similarities in their growth experiences and challenges. Both were traditionally entrepot economies and service hubs for their hinterlands – China for Hong Kong, and the Association of Southeast Asian Nations (ASEAN), in general but Malaysia and Indonesia in particular, in the case of Singapore. The two economies have gone through major structural changes over the years in response to changes in the global economy and in their relationships with their respective hinterlands. The changing relationships with their hinterlands play a crucial role in driving their external economic policies.