China Is Not yet Number One

Many claim that China will soon overtake the US. I argue that this claim is based on a misuse of statistics. The International Comparison Program (ICP) price data is necessary to compare living standards, since a dollar’s worth of yuan buys more in China than a dollar buys in the US. But the fact that rice and clothes are cheap in rural China does not make the Chinese economy larger. What matters for size in the world economy is how much a yuan can buy on world markets. Using the correct prices, the US remains the world’s largest economic power by a substantial margin.     

Abusive Supervision and Psychological Capital: A Mediated Moderation Model of Team Member Support and Supervisor-Student Exchange

Embedded in higher educational settings, this study examines the relationship between abusive supervision and psychological capital and the mechanism through which abusive supervision and team member support interact to influence psychological capital with supervisor-student exchange mediating the interaction with psychological capital. Data collected from 222 graduate students in six Chinese universities supports our mediated moderation model: abusive supervision negatively relates to psychological capital and supervisor-student exchange mediates the positive moderating effect of team member support on the relationship between abusive supervision and psychological capital. Theoretical and practical implications of these findings are discussed.     

You Don’t Actually Want to Get Closer to the Star: How LMX Leads to Workplace Ostracism

High-quality leader-member exchange (LMX) is commonly seen as beneficial to employees. However, this is not always the case in the eyes of other members of the same team. Based on social comparison theory, we propose that members who have high-quality LMX relationships with team leaders might face workplace ostracism through being envied by other members of the same team. Further, we hypothesize that this indirect influence is mitigated by the high-quality LMX member’s agreeableness. Based on data from 196 employees, we found that though ostensibly LMX quality directly led to less workplace ostracism, it had a positive effect on workplace ostracism through being envied by other team members, and agreeableness buffered this indirect positive effect. Theoretical and managerial implications are discussed.     

Exploring antecedents of customer citizenship behaviors in services

Social exchange theory explains how a party in social interaction provides the other party with reciprocal rewards. Applying this concept to the customer context, this study empirically investigates determinants of customer citizenship behaviors (CCBs) in services. For the generalizability of the study across various service providers, the data were collected based on Bowen’s (1990) classifications of services. With a total of 665 usable customer responses, structural equation modeling was adapted to test the theoretical research model. This study reveals that customers’ perceived support and justice from the service provider positively influence affective commitment toward the organization, resulting in CCBs. The results show that customers’ perception of organizational support has the partial mediation effect between customers’ perception of organizational justice and their affective commitment. Furthermore, customers’ affective commitment partially mediates the relationship between customers’ perceived organizational justice and CCBs, but fully mediates the effect of customers’ perceived organizational support on CCBs.     

全球价值链视角下我国远洋渔业国际竞争力影响因素研究

文章基于全球价值链视角,结合远洋渔业的产业特性,构建了远洋渔业国际竞争力概念框架及其影响因素理论模型。进而基于我国74 家远洋渔业企业的问卷调查横截面数据,运用多元回归分析,深入解剖了影响我国远洋渔业经济租金、国际话语权、国际在位权、企业就业贡献四个国际竞争力维度的影响因素。研究发现：（1）远洋渔业企业越是进行海外远洋渔业基地建设、基地建设功能越健全,水产品国内消费市场越兴盛,远洋渔业企业冷冻、冷藏等储藏能力越强,企业越是能获得持续盈利优势。（2）远洋渔业设备技术研发、远洋渔业金融政策、政府间远洋渔业争议协商机制和海上通信系统研发,有助于提高我国远洋渔业国际组织影响力。（3）企业船上加工技术、企业水产品出口能力、海外直接投资正向显著影响企业履约能力。（4）企业远洋渔船规模、企业有自己独特的海洋与岸上联动发展模式,促进了企业社会就业贡献。     

China’s international trade development and opening-up policy design over the past four decades

ABSTRACT

China’s opening-up in the past four decades has gone through three waves: the extensive margin of opening-up (1978–2001), the intensive margin of opening-up (2001–2017), and all-around opening-up (since 2017). This paper explores these three stages of the country’s economic reform. China’s gains from trade have been inspired by different economic factors. Before the turn of the century, the large trade volume was due to the realization of comparative advantage based on the country’s factor endowment. However, after its accession to the World Trade Organization, China’s gains from trade have been due, in large part, to the realization of economic scale effects associated with the larger market.     

单位劳动力成本、汇率变动与出口的互动关联研究——基于面板向量自回归(PVAR)模型的分析

基于我国34个工业行业的面板数据,采用面板向量自回归模型（PVAR）对单位劳动力成本、汇率风险与我国出口之间的互动关系进行研究。结果显示,单位劳动力成本与出口存在双向抑制作用,即工资上涨不利于出口规模的扩张,出口也无法促进工资增长率的上升,但出口显著地提升了劳动生产率;汇率变动对出口脉冲响应函数值正负交替,呈现出不确定性,出口对汇率变动产生了超调现象;我国存在"进口引致出口"机制,且出口也能通过收入效应和汇率两条路径影响进口;产出对出口的影响关系呈现不确定性,但出口可以带动产出。在方差分解中,单位劳动力成本变量对出口具有较强的解释能力,是导致我国出口变动的主要因素,汇率变动对出口的短期解释能力较强,进口在长期解释能力较强,产出在三个不同时期解释能力基本一致,但出口对其他变量的解释能力普遍较低。     

中国改革开放40年经济发展态势与新时代转型升级展望

中国改革开放40年来,创造了世界经济发展的奇迹。这是中国对世界作出的贡献。经过40年的高速增长,党的十九大作出了重要论断,指出中国经济已经进入新时代。在这一现实背景下,准确把握中国未来发展态势尤其重要。改革开放以后的中国能够实现长达39年的平均9.5%的增长,并高出“常态化增长”的2倍水平,其根源在于,作为发展中国家,中国拥有“后来者优势”。在中国经济的总体发展态势下,作为一个中等发达的经济体,新时代中国经济发展的关键在于发展实体经济。设立直辖市以后,重庆的发展即使有各种波折,仍然是领先于全国。重庆应继续抓住这个发展机遇,继续领跑全国,对中华民族的伟大复兴作出贡献。     

领导成员交换与员工创造力：情感机制的中介作用

情感是员工创造力的重要前因,而已有文献结论存在不一致,且未深入地探讨影响员工情绪的组织情境因素。文章依据情感事件理论,分析和检验了领导成员交换、积极/消极情感与创造力的关系,以及组织创造力支持感的调节作用。通过分析442对主管〖CD*2〗下属配对样本,结果表明：积极情感和消极情感在领导成员交换与创造力关系之间起部分中介作用;组织创造力支持感正向调节积极情感与创造力的关系,而对消极情感与创造力关系的负向调节作用不显著;最后,高的组织创造力支持感还调节积极/消极情感在领导成员交换与员工创造力关系间的中介作用。     

Export intensity of foreign subsidiaries of multinational enterprises: The role of trade finance availability

We examine the relationship between the role of trade finance availability and the export intensity of foreign subsidiaries of multinational enterprises (MNEs). In developing our hypotheses, we draw upon insights derived from “new” internalisation theory (international business literature) and international trade finance (international economics literature). We empirically test these hypotheses using survey data compiled from subsidiary managers in six ASEAN countries, supplemented with host-country level data. We conceptualise, empirically test, and establish that the subsidiary-level capability in combining and utilising internal and external debts is an important subsidiary-specific advantage to support export intensity. We find that subsidiaries employ intra-firm loans from MNE internal capital markets and, to some extent, bank loans from external financial institutions to boost their export intensity. Subsidiaries may have concerns about foreign exchange risks, but the use of appropriate foreign exchange risk management is positively associated with export intensity. We discuss the implications of our findings for theory and practice.