In this study, we employ a dynamic time warping method to study the topology of similarity networks among 35 major currencies in international foreign exchange (FX) markets, measured by the minimal spanning tree (MST) approach, which is expected to overcome the synchronous restriction of the...

This paper gives a brief review on types of subsidies and how they work in theory. The paper identified three types of subsidies: subsidies that increase revenue, subsidies that lower the cost of production, and subsidies that are not linked to production or input. With the use of graphic...

This paper explores the impact of government environmental protection subsidies on corporate green innovation using panel data of listed companies from 2007 to 2019. The results show that such subsidies can significantly promote corporate green innovation, and the results are robust. Financing...

Hundreds of billions of dollars have been invested to construct development zones (DZs) in China with the intent of fostering economic growth. Previous studies show that DZs benefit the local economy, but little attention has been paid to the environmental impacts. Based on statistical data and...

Using the micro-level data on China’s export enterprises from 2005 to 2013, this paper discusses the impact of industrial robots on the quality upgrading of export products from two aspects: the change of enterprises’ costs and the structural effect of labor allocation. We find that there is...