Proposing a comprehensive evaluation measure of the high-quality development manufacturing industry (HQDMI), purpose this paper is to explore whether (HQDMI) promotes application industrial robots (AIR). Evidence shows that, first, index HQDMI across regions an upward trend from 2008 2020. Furthermore, significantly increases industry. Our heterogeneity analysis further infers that positive effect AIR on more pronounced in wealthy and eastern regions. The mechanism can generate “value-added...

Abstract This study aims at investigating the roles of house price expectations and mortgages in urban dwellers' subjective well‐being (SWB) China. Using 3,717 householder respondents collected 2011 China Household Finance Survey categorizing sample into three subsamples: homeowners without with a home loan, nonhomeowners, ordered logit models ordinal‐dependent variable SWB considering endogeneity problem are estimated using these subsamples separately. The primary finding is that have...

The United Kingdom is the third-largest peer-to-peer (P2P) lending market in world, which surpassed only by two dominant forces P2P investing, China and States of America. As an innovative financial UK, brings not many opportunities but also risks, especially loan default risk. In this context, paper uses binary logistic regression survival analysis to evaluate risk performance UK lending. empirical results indicate that credit group, purpose for capital needs, sector type, amount, interest...

Capital account liberalisation can give rise to uncertainty in capital flows, which may lead an accumulation of financial risks. This study measures the systemic risk indices using coefficient variation method with data 24 countries from 2003 2019 and impact on risks panel threshold model. Evidence shows that vary heterogeneously across countries. The high-income are lower than those middle- low-income Second, has asymmetric effect a double threshold. Low-intensity high-intensity increases...

What has been ignored by the traditional saving theoryis religion. Based on data of CGSS (Chinese General Social Survey, 2010), using method tobit and ordered logit regression, this paper finds that propensity religious believers is higher than non-believers, however, household savings rate lower non-believers'. After replacing generalized consumption with narrow consumption, including folk beliefs into religions dividing native foreign religions, result still represents its robustness. For...

It is of great significance to forecast the intraday returns stock index futures. As data sampling frequency increases, functional characteristics become more obvious. Based on principal component analysis, score was predicted by BM, OLS, RR, PLS, and other methods, dynamic forecasting curve reconstructed value. The traditional methods mainly focus “point” prediction, while time series method can avoid point limitation, realize “line” prediction forecasting, which superior analysis method....

Using the 2012 input-output table of China, this study constructs a computable general equilibrium model by embedding value-added tax (VAT) deduction mechanism into price and analyses effect replacing business with VAT reform on residents' income distribution. The shows that is generally conducive to Specifically, decreases indirect burden residents, increases their real income, narrows down relative gap between urban rural residents. From perspective differences before- after-tax Gini...

This study examines the possible effects of a gender ratio change on China’s wage income distributions with unconditional quantile estimation. Using data from China Health and Nutrition Survey for 1989–2011, before after in are studied graphically. The estimated density functions confirmed to be skewed right leptokurtic. An increase increases mitigate inequality. We conclude that, other things being equal, decreasing trend will enhance

The effect of social insurance in China, including basic pension and medical insurance, on people’s well-being is researched this study. utility function firstly established to inspect the changes before after insurance; then, with establishment nonparametric estimation model, CGSS utilized for studying effects people participating subjective well-being. research findings show that participation could significantly enhance enhances more obviously larger longevity risk or risk. aversion would...

This study introduces a new volatility model based on dependent functional data to investigate the intraday characteristics of CSI 300 in context high-frequency data. The curve is fitted and reconstructed using three methods: principal component analysis, Newey-West kernel, truncation-free Bartlett kernel. We adopt time series approach for short-term dynamic forecasting. empirical results show that proposed estimation long-term covariance truncated kernel can accurately capture trajectory...

In this paper, we explore the change in short-term headline-core inflation dynamic relationship using threshold error correction model, and explain why Chinese central bank should focus on headline when conducting monetary policy. The results find that: (1) deviation between core is eliminated mainly through reverting to high period, indicating that catches long-term trend of much better than does; (2) movements food price have become a significant source public’s expectations persistence...

In this paper, a new default intensity model with dual frailties is proposed and an empirical evidence provided to confirm the model’s adequacy. addition conventional explanatory variables, Duffie et al. introduces time frailty Chava considers industrial conditional dependence. However, from study on Taiwan’s public listed firms, Lin Chen points out that can only catch dependence along but not among industries. On other hand, capture correlation Hence, recommended. This paper incorporate...

China is a broad territory country. There are significant differences in the terrain, climate, and other environmental factors between different provinces, which affect wind power generation. In order to better analyze situation of generation Chinese this paper uses functional clustering analysis classify monthly data 30 provinces from March 2013 October 2019. The empirical results show that energy can be divided into three categories, consistent with actual situation. paper, used data,...

In recent years, more and funds circulate internally in the financial field, which is called “financial hoarding”. After calculations, scale of China’s hoarding was 242,178 billion yuan first quarter 2003 jumped to 1,801,706 fourth 2016, increased by nearly 7.4 times past 14 years accelerated after 2014. The phenomenon that large amounts money deviate from real economy virtual “shift economy”. will inevitably influence economic growth China. Does promote or inhibit economy? relationship...