Can We Manage Coastal Area? Will We?——The Institutional Change of the Coastal Area Management of Taiwan

The Coastal Zone Management Act was finally promulgated in 2015,while Ministry of the Interior was asked to draft a coastal management act in 1991 by Executive Yuan.It was until the government’s lifting of martial law in 1987,vigorous activities started prevailing on coastal areas.And relevant legal documents were on sea reclamation for development in the 1980’s by Council of Agriculture.The approval of“Taiwan Coastal Area Natural Environment Protection Plan”showed an era of environmental protection in 1980s.However,it was surely not market driven,similar to land development,but some efforts by the administration systems.Through all the years,the efforts were put on drafting plans and these efforts were not quite sounding.The coastal disasters and further climate change caught the attention of relevant NGOs,scholars,politicians,and the society.At the critical juncture the government was made to react to outside demands.And then the Coastal Zone Management Act was passed by Legislative Yuan,establishing an integrated coastal management system in Taiwan.As such,it is proposed to look into this long process of the attempt with the concept of institutional change in order to understand this coastal environmental preservation and protection issue in a broader scope.

Relationship Between National Income, Institutional Change and Outbound Tourism Based on Panel Data of the G20 from 1995 to 2014

Based on panel data of 17 economies in the G20 from 1995 to 2014,this paper,in terms of the total samples,developed countries and developing countries,explored the impact of national income on outbound tourism and the moderating effect of institutional change on the relationship between national income and outbound tourism.The results showed that:(1)for the total samples,developed countries and developing countries,national income had a positive impact on outbound tourism;(2)for the total samples and developing countries,institutional change had a positive moderating effect on national income and outbound tourism,indicating that with the deepening of marketization,the facilitating role of national income on outbound tourism strengthened;(3)for developed countries,institutional change had a negative moderating effect on national income and outbound tourism,indicating that with the deepening of marketization,the facilitating role of national income on outbound tourism weakened.

Institutional Change and Urban Redevelopment Process:A Case Study of Changshoujie,Shanghai

Through investigating the institutional change and urban development in Shanghai since 1978,this research identifi es that the gradual economic reforms have generated dynamic forces for urban development. As an example,this paper examines Changshoujie in detail to uncover its physical changes and to explore how the actors' roles and interests interplay as well as how the transitional institutions of property rights and urban planning have impacted the shaping of urban space. 117 projects constructed since 1978 are classifi ed into six development modes according to the characteristics of land users and developers. Although there is a time lag,the path depending on institutional change has a direct impact on urban development and the consequent spatial structure.

Adjustment costs of institutional tax changes from the audit pricing perspective: Empirical evidence from the VAT reform

Institutional changes inevitably impose adjustment costs on firms while also generating benefits.However,empirical evidence regarding the adjustment costs of institutional changes is limited,with much of the focus centered on benefits.Using data on China’s A-share listed companies from 2010 to 2018 and the nation’s staggered adoption of the"business tax to value-added tax reform"(hereafter,"VAT reform")as a natural experiment,we examine the impact of this reform on a particular corporate cost:audit fees.We find audit fees to be 8.11%higher for VAT reform firms than for non-VAT reform firms.This difference does not exist before or after the reform year.That is,it is only observed in the year of VAT reform implementation.This indicates the existence of an adjustment cost specifically related to the VAT reform.Furthermore,we observe larger fee increases among firms audited by Big 4 international audit firms,firms that require more audit work,firms that are more complex,and firms with weak internal controls.From the audit pricing perspective,we provide evidence of the economic consequences of tax reform.The corporate adjustment costs that arise from institutional changes deserve more attention from decision-makers.

The Future of Multilateralism in the Post-pandemic World

This paper applies an endogenous institutionalist framewwork to understand the evolution of the rules-based international trading system since the end of World WarⅡ.We argue that the initial success of the General Agreement on Trade and Tariffs and re-enforcement that led to the formation of the WTO can be explained by three major factors:the hegemonic position of the US,the belief that international trade would foster prosperity and peace,and Cold War politics.However,declining US hegemony along with a shift in global comparative advantage in labor-intensive manufacturing led to a shift from multilateral towards preferential trade agreements since the 1990s.Today,the WTO faces several new challenges,including increasing geo-political competition between the US and China,increasing digitization of commerce,and disrupted supply chains following CO VID-19.A functioning WTO that facilitates global economic re-integration remains crucial to ensure a strong recovery from the pandemic and continued long-term prosperity and stability of the global economy.

State Fragmentation and Rights Contestation:Rural Land Development Rights in China

The functionalist reasoning of institutional changes builds on individual rationality and explains institutional changes from the demand side. While insightful, a comprehensive understanding also needs to take into account the supply side, The state, as the ultimate supplier of institutional changes, plays the pivotal role of agency; therefore, its willingness and ability decide how such regime change occurs and what partieular form the new regime takes. Since the mid-1990s, the Chinese economy has embarked on a path of rapid industrialization and urbanization. The contestation over rural land development rights in China offers an excellent case to illuminate the importance of state agency in institutional changes. Drawing on case studies in China＇s three major urbanizing regions, this article analyzes how villages brought their own land directly to the land market and reaped handsome profits. We argue that the three successful cases, Nanhai in Guangdong, Kunshan in Jiangsu and Zhenggezhuang in Beijing, all represent a product of active agency on the supply side. The Chinese state＇s fragmented authority provides a favorable institutional environment for such changes.