Sponsor(s): Institute of Industrial Economics of CASS
12 issues per year
Current Issue: Issue 02, 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
Impact of going public on quality upgrading of export products: evidence from China’s manufacturing firms
China Industrial Economics,2020,No. 02
For the first time, this paper investigated the effect and mechanism of going public on the quality upgrading of export products. Based on the theoretical mechanism of the effect of going public on the quality upgrading of export products from the aspect of management quality, complexity of production technology and quality of intermediate inputs, this paper used the matched data of China’s public firms data, China Industrial Enterprises Database and China’s Customs database from 2000–2013 to provide an empirical test. The results show that going public has a significant promoting effect on the quality upgrading of export products, and in the long run, the effect has one-year lag period and then shows sustainability. After the method of regression estimation and the measurement of key variables are changed and potential omitted variables are controlled, the results are robust. Furthermore, the mediation effect model is used to test the mechanism and the results show that the improvement of management quality and the complexity of production technology are the channels of promoting the quality upgrading of export products, but the channel of improving the quality of intermediate inputs is not available. The conclusion shows that equity financing is beneficial to the quality upgrading of export products, and the management quality improvement arising from the high proportion of long-term institutional investors, production technology innovation and improvement, and the use of diversified intermediate inputs play an important role in the quality upgrading of export products. Therefore, this paper has important policy implications for China to deepen the structural reform of financial supply side and cultivate new competitive advantages for export firms.
Equity of educational opportunity and social trust of residents: empirical measurement and micro-evidence from urban intergenerational mobility of education
China Industrial Economics,2020,No. 02
Based on the perspective of intergenerational mobility of education, this paper studies the impact of educational opportunity equity on social trust. In this paper, we use the database of China Family Panel Studies (CFPS) to construct the indicators of intergenerational mobility of education at the urban level, measure the intergenerational equity of education at the urban level, and match it with the urban macro data and micro personal data. This paper studies the impact of urban educational opportunity equity on residents’ social trust. The results show that the index of absolute education intergenerational mobility is between 8.75 and 19.27 in the sampled cities, which reflects the significant differences in education intergenerational equity among different regions in China. After using the instrumental variable to solve the endogenous bias, the regression results show that the intergenerational inequality of education will significantly reduce the social trust level of residents, and this kind of influence is mainly reflected in the well-educated offspring group of the poorly-educated parents. The mechanism analysis shows that self-evaluation of economic status and the gap between the rich and the poor are important transmission mechanisms of social trust. The above conclusions are still valid under various robustness tests. From the perspective of intergenerational mobility, this paper proves that promoting the equality of educational opportunity will help to improve the level of social trust, which not only explains the importance of intergenerational equity of education, but also provides a feasible reform path for further enhancing social trust.