Schools and Centres Pages

Recent publications

Selected past publications

China Update series

Journals in Chinese

Recent publications

2025
  • Chai, S., Huo, W., Li, Q., Ji, Q., & Shi, X. (2025). Effects of carbon tax on energy transition, emissions and economy amid technological progress. Applied Energy, 377, 124578.
  • Cho, Y., He, Y., Huang, Y., Wang, J., & Yu, C. (2025). Exchange rate regime and optimal policy: The case of China. Journal of International Money and Finance, 152, 103277.
  • Ding, J., & Zhou, Y. (2025). Anatomy of wage rigidity in China: Lessons from the global financial crisis for post-pandemic recovery. Economic Modelling, 142, 106932.
  • Huang, Y. (2025). The framework of macroeconomic policy in China. China Economic Journal, 1-6.
  • Ng, J. C., Cheong, T. S., Shi, X., & Ma, N. (2025). How does digital financial inclusion impact China: the case of carbon emissions. Applied Economics, 1-7.
  • Nguyen, M. N., Sun, S., & Welters, R. (2025). FDI and product and process innovation of SMEs in Vietnam: The role of institutions. The World Economy.
  • Shen, Y., Gu, Z., Abeysinghe, T., & Shi, X. (2025). Revisiting the impact of oil price shocks on macroeconomic performance: An international perspective. Economic Modelling, 144, 106964.
  • Shen, Y., Wang, Y., Chen, Y., & Shi, X. (2025). You’ll never walk alone: investigating the spillover effects in countries’ transition towards a low-carbon future. Applied Economics, 1-8.
  • Zhou, T., Liu, X., Jia, S., & Sheng, Y. (2025). Exploring the Impact of Irrigation on Chinaʼs Crop TFP: Insights From a Structural Break Analysis. Asia & the Pacific Policy Studies, 12(1), e70007.

2024
  • Bloch, H., & Zhou, Y. (2024). International Differences in Profitability. Economic Record, 100(328), 101-116.
  • Dong, J., Yu, Z., Shi, X., & Yang, Y. (2024). Industrial policy, product switching, and export performance. China & World Economy, 32(1), 167-196.
  • Gambacorta, L., Huang, Y., Qiu, H., & Wang, J. (2024 June 4). How do machine learning and non-traditional data affect credit scoring? New evidence from a Chinese fintech firm. Journal of Financial Stability, 101284.
  • Garnaut, R. (2024). China, global economic disintegration, and the climate change challenge. Oxford Review of Economic Policy, 40(2), 374-86.
  • Ma, Y., Lu, L., Cui, J., & Shi, X. (2024). Can green credit policy stimulate firms’ green investments? International Review of Economics & Finance, 91, 123-137.
  • Nguyen, N. M., Sun, S., & Welters, R. (2024). The impact of FDI on R&D investment of small and medium-sized enterprises in Vietnam: The role of institutions. International Review of Economics & Finance, 95, 103519.
  • Pan, A., Zhang, W., Du, Y., & Shi, X. (2024). Does the China Railway Express Promote Equitable Regional Development? Evidence from Manufacturing Relocation. China & World Economy, 32(6), 128-159.
  • Qiu, T. (2024). Local government land monopoly in China: The influence of residential land price on supply. China Economic Journal.
  • Shi, S., & Shi, X. (2024). The impact of Chinese regulation of limitation on currency transactions (LCT) on Sydney housing prices. Housing Studies, 39(11), 2764-86.
  • Sheng, Y., Xu, X., & Rozelle, S. (2024). Market structure, resource allocation, and industry productivity growth: Firm-level evidence from China's steel industry. China Economic Review, 83, 102102.
  • Tyers, R., & Zhou, Y. (2024). A Bamboo Curtain: The Grim Australian Consequences of China Conflict. Australian Economic Review, 57(1), 41-60.
  • Tyers, R., & Zhou, Y. (2024). Tech wars: Distributional consequences of global tech rivalry. Asian Economic Journal, 38(3), 289-340.
  • Tyers, R., & Zhou, Y. (2024). The US–China Trade Dispute: A macroperspective. The Singapore Economic Review, 69(07), 2055-2082.
  • Tyers, R., & Zhou, Y. (2024). China Slowdown Shocks, the West and Australia. Economic Papers: A Journal of Applied Economics and Policy.
  • Wang, G., Shi, X., & Golley, J. (2024). Feed the children, free the women? Evidence from the China rural nutrition improvement program. China Economic Review, 102228.
  • Wang, X., & Sheng, Y. (2024). Finance in Rural China. The Economic Record, 100(328), 121-123.
  • Zhang, Y., Gao, Q., Li, H., Shi, X., & Zhou, D. (2024). Navigating the energy transition with the Carbon-Energy-Green-Electricity scheme: An industrial chain-based approach for China's carbon neutrality. Energy Economics, 140, 107984.
  • Zhao, Z., Zhao, Y., Shi, X., Zheng, L., Fan, S., & Zuo, S. (2024). Green innovation and carbon emission performance: The role of digital economy. Energy Policy, 195, 114344.
  • Zhou, Y., & Dahal, S. (2024). Has R&D contributed to productivity growth in China? The role of basic, applied and experimental R&D. China Economic Review, 88, 102281.

2023
  • Ball, V. E., San Juan Mesonada, C., Sunyer Manteiga, C., Ericson, K., & Sheng, Y. (2023). Technology catch‐up in agriculture among advanced economies. Australian Journal of Agricultural and Resource Economics, 67(1), 18-37.
  • Cao, H. H., Huang, Y., Huang, Y., Yeung, B., & Zhang, X. (2023). Fintech, financial inclusion, digital currency, and CBDC. The Journal of Finance and Data Science, 9, 100115.
  • Feng, D., Shen, Y., Xie, X., & Huang, Y. (2023 ). Digital economy and carbon emission reduction: Evidence from China. China Economic Journal, 16(3), 272-301.
  • Gambacorta, L., Huang, Y., Li, Z., Qiu, H., & Chen, S. (2023 ). Data versus collateral. Review of Finance, 27(2), 369-398.
  • Garnaut, R. (2023). The Economic Consequences of Mr Trump and Mr Biden. Australian Economic Review, 56(4), 417-430.
  • Guo, D., Li, Q., Liu, P., Shi, X., & Yu, J. (2023). Power shortage and firm performance: Evidence from a Chinese city power shortage index. Energy Economics, 119, 106593.
  • Huang, Y., Shen, Y., Cheng, D., & Chen, X. (2023). Assessing Effectiveness of Structural Monetary Policy in China. Asian Economic Papers, 22(3), 127-146.
  • Jahan, N., & Zhou, Y. (2023). COVID-19 and digital inclusion: Impact on employment. Journal of Digital Economy, 2, 190-203.
  • Ji, Y., Wang, X., Huang, Y., Chen, S., & Wang, F. (2023). Buy now, pay later as liquidity insurance: Evidence from an early experiment in China. China Economic Review, 80, 101998.
  • Liu, C., Song, Y., Wang, W., & Shi, X. (2023). The governance of manufacturers’ greenwashing behaviors: A tripartite evolutionary game analysis of electric vehicles. Applied Energy, 333, 120498.
  • Lu, L., Liu, P., Yu, J., & Shi, X. (2023). Digital inclusive finance and energy transition towards carbon neutrality: Evidence from Chinese firms. Energy Economics, 127, 107059.
  • Pan, A., Qin, Y., Li, H., Zhang, W., & Shi, X. (2023). Can environmental information disclosure attract FDI? Evidence from PITI project. Journal of Cleaner Production, 403, 136861.
  • Phan, C. T., Sun, S., Zhou, Z. Y., Beg, R., & Ramsawak, R. (2023 ). Does productive microcredit improve rural children's education? Evidence from rural Vietnam. Journal of Asian Economics, 84, 101555.
  • Qi, Z., Zhou, Y., & Yang, G. (2023). The Effect of China’s Overseas Engineering Projects on National Image: Empirical Analysis Based on Global Survey Data. The Chinese Journal of International Politics, 16(4), 431-456.
  • Satyadini, A., & Song, L. (2023). Modern entrepreneurship and the ‘doughnut’: Productive or destructive? Asian‐Pacific Economic Literature, 37(2), 119-141.
  • Song, L., & Agarwal, V. (2023). The Future of Multilateralism in the Post‐pandemic World. China & World Economy, 31(1), 62-87.
  • Sun, S. (2023). Firm heterogeneity, worker training and labor productivity: The role of endogenous self-selection. Journal of Productivity Analysis, 59(2), 121-133.
  • Wang, Y., Wang, D., & Shi, X. (2023). Sustainable development pathways of China's wind power industry under uncertainties: Perspective from economic benefits and technical potential. Energy Policy, 182, 113737.
  • Wojewodzki, M., Wei, Y., Cheong, T. S., & Shi, X. (2023). Urbanisation, agriculture and convergence of carbon emissions nexus: Global distribution dynamics analysis. Journal of Cleaner Production, 385, 135697.
  • Yu, J., Liu, P., Shi, X., & Ai, X. (2023). China’s emissions trading scheme, firms’ R&D investment and emissions reduction. Economic Analysis and Policy, 80, 1021-1037.
  • Zhai, S., Peng, C., & Sheng, Y. (2023). Assessing the impact of digital financial inclusion on agricultural total factor productivity in China. International Food and Agribusiness Management Review, 26(3), 519-533.
  • Zhang, Y., Gao, Q., Wei, J., Shi, X., & Zhou, D. (2023). Can China's energy-consumption permit trading scheme achieve the “Porter” effect? Evidence from an estimated DSGE model. Energy Policy, 180, 113671.

Selected past publications
  • Agarwal, V., & Golley, J. (2022). Do political relations affect exports to China? Evidence from the ‘Quad’. The World Economy, 45(9), 2882-901.
  • Chen, J., Qi, Z., & Zhou, Y. (2020). Content and Characteristics of Private in-House Meetings. Journal of Behavioral Finance, 21(4), 442-455.
  • Chorzempa, M., & Huang, Y. (2022). Chinese fintech innovation and regulation. Asian Economic Policy Review, 17(2), 274-92.
  • Ding, J., & Zhou, Y. (2021). Did the Labor Contract Law Affect the Capital Deepening and Efficiency of Chinese Private Firms? China & World Economy, 29, 105-126.
  • Golley, J., Agarwal, V., Laurenceson, J., & Qiu, T. (2022). For better or worse, in sickness and in health: Australia-China political relations and trade. China Economic Journal, 15(3), 290-309.
  • Guo, F., Huang, Y., Wang, J., & Wang, X. (2022). The informal economy at times of COVID-19 pandemic. China Economic Review, 71, 101722.
  • Huang, K., Cheng, B., Chen, M., & Sheng, Y. (2022). Assessing impact of the COVID-19 pandemic on China’s TFP growth: Evidence from region-level data in 2020. Economic Analysis and Policy, 75, 362-77.
  • Huang, Y. (2022). ‘Strong regulations’ of China’s platform economy: a preliminary assessment. China Economic Journal, 15(2), 125-38.
  • Huang, Y. (2022). China’s changing economic relations with the world: introduction. China Economic Journal, 15(3), 231-4.
  • Huo, Y., & Golley, J. (2022). Intergenerational education transmission in China: the gender dimension. China Economic Review, 71, 101710.
  • Jin, W., & Zhou, Y. (2020). Growth and convergence through technological interdependence. Macroeconomic Dynamics, First View, 1-37.
  • Jin, W., & Zhou, Y. (2022). Growth and convergence through technological interdependence. Macroeconomic Dynamics, 26(5), 1338-1374.
  • Lu, Y., & Zhou, Y. (2021). A short review on the economics of artificial intelligence. Journal of Economic Surveys, Early View.
  • Qi, Z., Chu, C. C., Zhou, Y., & Chen, J. (2022). Corporate site visits and firm performance. International Review of Economics & Finance, 82, 598-608.
  • Qi, Z., Zhou, Y., & Chen, J. (2021). Corporate site visits and earnings management. Journal of Accounting and Public Policy, Online First.
  • Rezk, H., Amer, G., Fathi, N., & Sun, S. (2022). The impact of FDI on income inequality in Egypt. Economic Change and Restructuring, 55(3), 2011-30.
  • Roche, S., Sun, S., & Welters, R. (2022). Do Financial Constraints Reduce Process Innovation? Evidence from Australian Firms. Economic Record, 98(323), 335-53.
  • Sheng, Y., Zhao, Y., Zhang, Q., Dong, W., & Huang, J. (2022). Boosting rural labor off-farm employment through urban expansion in China. World Development, 151, 105727.
  • Song, L., & Zhou, Y. (2020). COVID-19 Pandemic and its impact on the global economy: What does it take to turn crisis into opportunity? China & World Economy, 27(4), 1-25.
  • Song, L., & Simpson, C. (2018). Linking adaptive efficiency with the basic market functions: A new analytical perspective. Asian and Pacific Policy Studies, 5(3), 544-557.
  • Song, L., & Zhou, Y. (2022). Challenges and Structural Adjustments in China in the Aftermath of the Pandemic. China and World Economy, 31(1), 1-214.
  • Sun, S., & Anwar, S. (2022). Estimation of product quality in China's food processing and manufacturing industries. Economic Modelling, 107, 105681.
  • Tyers, R., & Zhou, Y. (2020). US-China Trade Conflict: The Macro Policy Choices. The World Economy, 43(9), 2286-2314.
  • Tyers, R., & Zhou, Y. (2021). The US-China Trade Dispute: A Macro Perspective. Singapore Economic Review, Online Ready.
  • Tyers, R., & Zhou, Y. (2022). The US-China Trade Dispute: A Macro Perspective. Singapore Economic Review, 69(7), 2055-2082.
  • Wei, W., Cui, Q., & Sheng, Y. (2022). Dual carbon goals and the impact on future agricultural development in China: A general equilibrium analysis. China Agricultural Economic Review, 14(4), 664-85.
  • Yang, M., Sharma, D., Shi, X., Mamaril, K., Jiang, H., & Candlin, A. (2022). Power connectivity in the Greater Mekong Subregion (GMS)–The need for a wider discourse. Energy Policy, 165, 112994.
  • Yang, S., Zhou, Y., & Song, L. (2018). Determinants of intangible investment and its impacts on firms’ productivity: Evidence from Chinese private manufacturing firms. China and World Economy, 26(6), 1-26.
  • Zhang, H., Shi, X., Wang, K., Xue, J., Song, L., & Sun, S. (2020). Intertemporal lifestyle changes and carbon emissions: Evidence from a China household survey. Energy Economics, 86, 1-17.
  • Zhou, Y. (2020). Review on Handbook on China and Globalization - edited by Huiyao Wang and Lu Miao. Asian-Pacific Economic Literature, 34(2), 183-185.
  • Zhou, Y. (2021). Review on The Chinese Economy and Its Challenges by Charles C. L. Kwong. Economic Record, 97(316), 136-138.
  • Zhou, Y., R. Zhang, & Song, L. (2019). How funding structure affects efficiency of R&D investment by large- and medium-sized industrial firms in China? The Singapore Economic Review, 64(4), 921–938.

China Update series

Research outcomes published in the China Update Series can be found on the ANU Press website.

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Journals in Chinese
  • Song, L. (2018), ‘China’s forty years’ of reform and development: a structural view’, People’s Forum: Academic Frontier Journal (人民论坛: 学术前沿), Vol. 159, No. 12, pp. 92-107
  • Qi, Z., L. Song, and He, F. (2017), ‘State-owned enterprises’ supervision in gradual transition economies: Theoretical framework and China’s practice, The World Economy (世界经济), Vol. 8, pp. 120-143
  • Li, K. Jiang, W. and L. Song, (2014), ‘The puzzle of falling quality of Chinese exports: a micro explanation based on firms’ market entry’, Social Sciences in China, (中国社会科学), Vol. 3, pp. 80-103