Sponsor(s): Institute of Industrial Economics of CASS
12 issues per year
Current Issue: Issue 01, 2020
Journal official website:http://www.ciejournal.org/
China Industrial Economics is supervised by Chinese Academy of Social Sciences, and sponsored by Institute of Industrial Economics, Chinese Academy of Social Sciences. It aims to report researches on industrial economics and business management, and to reflect outstanding research results on Chinese industrial economy and enterprise development. The scope covers national economy, industrial economy and business management. The journal is included in CSSCI, and is the top journal in the field of industrial economics in China.
Shi Dan, Li Haijian
Factor ownership structure and attribution of value-added export earnings of foreign invested enterprises
China Industrial Economics,2020,No. 01
In the era of globalization, foreign invested enterprises (FIEs) actively participate in different countries’ production and export, and gain from host countries’ export. FIEs’ value added export (VAE) include the value added (VA) created by domestic factors and VA created by foreign factors. Thus, the factor ownership structure of FIE’s VAE is established. Studies on the factor ownership structure of FIE’s VAE, on one hand, help scholars to understand FIE’s pulling effect on VAE created by domestic factors. On the other hand, they help scholars to identify the distributing effect on factor incomes as the result of inflow of foreign factors. In this study, we used enterprise-level data to conduct calculations and found the following. As far as foreign invested processing exporters are concerned, between 2000 and 2013, on average, VAE created by China-owned factors as a percentage of residency-based VAE was 65.85%, and deviation between VAE created by China-owned factors and residency-based VAE was 34.15%. Input/output tables which separated heterogeneous enterprises were further used to calculate the deviation between the residency-based and ownership-based VA in 2012, which was 30.13% and 25.32% for foreign-invested processing and non-processing trade enterprises in China, respectively. We believe that residency-based VA cannot fully reflect domestic factor incomes in FIEs’ export. Studies on the factor ownership structure of FIEs’ VAE help scholars to understand the actual domestic factor income in a country’s VAE, and can provide a scientific reference for a country’s government relating to foreign trade negotiations.
China Industrial Economics,2020,No. 01
Using the firm-level energy consumption and output data of Chinese manufacturing firms, this paper obtained firm environmental performance indicators by converting carbon dioxide emission factors based on different energy types, namely, carbon dioxide emissions of unit output, or carbon emissions intensity. In light of the productivity paradox of Chinese exporting firms, this paper examines special patterns of the influence of Chinese firms’ export behavior on their environmental performance. According to the empirical model built upon the framework of firm production functions, the empirical findings in this research are listed below. ① Exporting has led to a significant increase in Chinese firms’ carbon emissions intensity, and meanwhile, emissions intensity keeps increasing with corporate exporting intensity, indicating that exporting does not significantly contribute to the improvement of firm environmental performance; the results are robust in consideration of different forms of production functions. ② The traditional pollution haven effect is not a major cause of the higher carbon emissions intensity of Chinese exporting firms. ③ Low productivity of Chinese exporters leads to higher carbon emissions intensity. ④ The low efficiency and low markup (low profit rate) further drag down exporters’ technological upgrading and environmental investment, which account largely for the higher emission intensity caused by export behaviors. The research in this paper fills the gap in studies on the relationship between trade and environmental performance of Chinese firms from a micro perspective and provides guidance for the policy-making in terms of pollution control and emissions reduction at a micro level. It is confirmed that during the development of international trade, in addition to identifying macro goals, the micro level of firm circumstances should also be given attention to, a key focus of which is to prompt firms to improve production efficiency and therefore serve the coordinated sustainable development of economy and the environment.