Ownership structure and new product development in transnational corporations in China

This paper examines the relationship between the ownership structure and new product development (NPD) at the affiliates of transnational corporations in China. Seven research hypotheses are tested on a panel data set covering 10,000 manufacturing firms with foreign involvement for the period 1998-2001. The results from probit and tobit models show that contractual joint ventures, equity joint ventures and joint stock enterprises are better organizational forms than wholly owned enterprises for increasing both the probability and intensity of NPD. We also find that ventures with OECD participation are more likely to be involved in NPD than those with participation by “overseas” Chinese TNCs

Three-way noiseless signal splitting in a parametric amplifier with quantum correlation

We demonstrate that a phase-insensitive parametric amplifier, coupled to a quantum correlated source, can be used as a quantum information tap for noiseless three-way signal splitting. We find that the output signals are amplified noiselessly in two of the three output ports while the other can more or less keep its original input size without adding noise. This scheme is able to cascade and scales up for efficient information distribution in an optical network. Furthermore, we find this scheme satisfies the criteria for a non-ideal quantum non-demolition (QND) measurement and thus can serve as a QND measurement device. With two readouts correlated to the input, we find this scheme also satisfies the criterion for sequential QND measurement

Spectral properties of photon pairs generated by spontaneous four wave mixing in inhomogeneous photonic crystal fibers

The photonic crystal fiber (PCF) is one of the excellent media for generating photon pairs via spontaneous four wave mixing. Here we study how the inhomogeneity of PCFs affect the spectral properties of photon pairs from both the theoretical and experimental aspects. The theoretical model shows that the photon pairs born in different place of the inhomogeneous PCF are coherently superposed, and a modulation in the broadened spectrum of phase matching function will appear, which prevents the realization of spectral factorable photon pairs. In particular, the inhomogeneity induced modulation can be examined by measuring the spectrum of individual signal or idler field when the asymmetric group velocity matching is approximately fulfilled. Our experiments are performed by tailoring the spectrum of pulsed pump to satisfy the specified phase matching condition. The observed spectra of individual signal photons, which are produced from different segments of the 1.9 m inhomogeneous PCF, agree with the theoretical predictions. The investigations are not only useful for fiber based quantum state engineering, but also provide a dependable method to test the homogeneity of PCF.Comment: to appear in Phys. Rev.

PM2.5-Related Health Economic Benefits Evaluation Based on Air Improvement Action Plan in Wuhan City, Middle China

On the basis of PM2.5 data of the national air quality monitoring sites, local population data, and baseline all-cause mortality rate, PM2.5-related health economic benefits of the Air Improvement Action Plan implemented in Wuhan in 2013–2017 were investigated using health-impact and valuation functions. Annual avoided premature deaths driven by the average concentration of PM2.5 decrease were evaluated, and the economic benefits were computed by using the value of statistical life (VSL) method. Results showed that the number of avoided premature deaths in Wuhan are 21,384 (95% confidence interval (CI): 15,004 to 27,255) during 2013–2017, due to the implementation of the Air Improvement Action Plan. According to the VSL method, the obtained economic benefits of Huangpi, Wuchang, Hongshan, Xinzhou, Jiang’an, Hanyang, Jiangxia, Qiaokou, Jianghan, Qingshan, Caidian, Dongxihu, and Hannan District were 8.55, 8.19, 8.04, 7.39, 5.78, 4.84, 4.37, 4.04, 3.90, 3.30, 2.87, 2.42, and 0.66 billion RMB (1 RMB = 0.1417 USD On 14 October 2019), respectively. These economic benefits added up to 64.35 billion RMB (95% CI: 45.15 to 82.02 billion RMB), accounting for 4.80% (95% CI: 3.37% to 6.12%) of the total GDP of Wuhan in 2017. Therefore, in the process of formulating a regional air quality improvement scheme, apart from establishing hierarchical emission-reduction standards and policies, policy makers should give integrated consideration to the relationship between regional economic development, environmental protection and residents’ health benefits. Furthermore, for improving air quality, air quality compensation mechanisms can be established on the basis of the status quo and trends of air quality, population distribution, and economic development factors

Foreign direct investment and economic development:an interactive relationship

With the increasing importance of Foreign Direct Investment (FDI), there have been substantial studies on this issue, both empirically and theoretically. However, most existing studies focus on either the impacts of FDI presence or the determinants of FDI inflows, ignoring the fact that inward FDI and economic development may simultaneously affect each other. This thesis sets out to examine the interactive effects between FDI and economic development. The whole thesis is composed of five chapters. Chapter One is an overall introduction to the thesis. Chapter Two presents a theoretical study and chapter Two and Three provide two empirical studies. Chapter Five concludes. Chapter Two presents a theoretical two-sector model that features the importance of human capital in attracting foreign investment. This model theoretically explains why FDI is more likely to occur among countries that are similar in terms of human capital and technology. On the other hand, MNCs must train local employees to work with firm-specific technology and hence improve the technological skills of local workers. In Chapter Two, an empirical model is constructed to detect whether the productivities of foreign and local firms impact each other. The model is tested on China’s data at the industry level. The results indicate that productivity growth of local and foreign firms are jointly determined. Evidence also suggests that the extent to which spillovers occur varies with difference technology levels of local firms. Chapter Four investigates the relationship between FDI and economic grown based on a panel of data for 84 countries over the period 1970-1999. Both equations of FDI inflow and GDP growth are examined. The results indicate that FDI not only directly promotes economic growth by itself, but also indirectly does so via its interaction terms. There is a strong positive interaction effect of FDI with human capital and a strong negative interaction effect of FDI with technology gap on economic growth in developing countries

How do sub-national institutional constraints impact foreign firm performance?

This paper examines the impact of sub-national institutions on the performance of foreign firms in China. Building on institutional theory, we envisage that the negative effect of sub-national institutional constraints is moderated by firm size and age, entry mode, and market orientation. Our hypotheses are tested on a large-firm-level dataset of about 29,000 foreign firms in 120 cities in China within the period of 1999–2005. We find that firm size and age both have a diminishing positive impact on foreign firm performance; moreover, there is a U-shaped relationship between firm age and foreign firm performance in cities with higher level institutional constraints. We also find that joint ventures help mitigate the negative impact of sub-national institutional constraints on foreign firm performance when the level of institutional constraints is higher