Government Intervention Measures Effectively Control COVID-19 Epidemic in Wuhan,China

The coronavirus disease 2019(COVID-19)outbreak has been brought under control through a nationwide effort,and now it has become a global pandemic and the situation seems grim.We summarized the measures taken in Wuhan and analyzed the effects to comprehensively describe the factors involved in controlling the COVID-19 in China.In China,several measures such as the lockdown of Wuhan,restriction of traffic and communities,increasing hospital beds,nationwide support from medical staff,epidemic prevention equipment and supplies,and establishment of makeshift shelter hospitals have been taken.The lockdown of Wuhan reduced the propagation of cases to other cities in Hubei province and throughout China,traffic and community restrictions reduced the flow of population and the spread of disease,increasing wards and beds and medical personnel reduced the incidence of severe cases and mortality,the establishment of the Fangcang shelter hospitals provided a good isolation and monitoring environment,and further reduced the spread and fatality of the disease.The fact that China was able to control the spread of COVID-19 within three months without a specific drug or vaccine suggests that these measures are more adequate and effective.

Government intervention model based on behavioral heterogeneity for China’s stock market

Active government intervention is a striking characteristic of the Chinese stock market.This study develops a behavioral heterogeneous agent model(HAM)comprising fundamentalists,chartists,and stabilizers to investigate investors’dynamic switching mechanisms under government intervention.The model introduces a new player,the stabilizer,into the HAM as a proxy for the government.We use the model to examine government programs during the 2015 China stock market crash and find that it can replicate the dynamics of investor sentiment and asset prices.In addition,our analysis of two simulations,specifically the data-generating processes and shock response analysis,further corroborates the key conclusion that our intervention model not only maintains market stability but also promotes the return of risk asset prices to their fun-damental values.The study concludes that government interventions guided by the new HAM can alleviate the dilemma between reducing price volatility and improving price efficiency in future intervention programs.

Market Economy Requires Wise Government Intervention

In China where there is a profound influence of "local magistrates as citizens’ parents" in the traditional sense, people are naturally inclined to rely on government authorities

Market regulation and government intervention of vocational education＇s development

Government intervention and market regulation are two important ways in the process of economic operations, effective govemment intervention and market regulation can promote development of economic. This article briefly summarizes economists defined the government intervention and market regulation in the history of economic. Since the founding of New China, it elaborated to defining process of government intervention and market regulation in the development China＇ s economic. Under the new situation, it proposed government intervention should combine market regulation to achieve sound and fast development of economic. Market regulation in the development of vocational education for the economic development is the goal of training practical talents of vocational education. This objective requires that vocational education must work closely with the needs of economics＇ development and service for the economics＇ development. Under the system of planned economy, contraction between supply of talent and needs of economic is planning to achieve indirectly through a unified government.

The Coordinated Development of University Autonomy and Government Intervention

University autonomy and government intervention are a pair of basic contradictions in the external relationship of higher education.Strategies of the Coordinated Development of University Autonomy and Government Intervention as follow:balance autonomy and intervention under the premise of public justice;establish a multi-centric co-governance with mutual restriction to realize good governance;modernize the governance capacity of universities with the rule of law as the core;build trust mechanism based on social choice by combining self-discipline with heteronomy.Only in this way,can we coordinate the development of university autonomy and government intervention.

Government Intervention and Support on SMEs Firm Performance

The small and medium enterprise firms are renowned for improving the na­tion’s economy through the provision of job opportunities for its populace,improving the financial and investment status of the countries and provi­sion of innovative products that meets the need of the people.SMEs are key players in the economy,through sustainable development goals(SDGs)enabling them to thrive in the open business environment and actively applying the digital transformation,promoting inclusive and sustainable in­dustrialization should be the core of any country government.This research is designed to explore the influence of government intervention and support on enterprise performance and growth in five business sectors-Hospitality,Education,Health care,Bottled Water Production and Transport and Logis­tics organizations.The research paper had a descriptive research design with a randomly selected sample size of one hundred and ninety-seven respondents.The research hypotheses were tested using(Factor Analysis and Ordinal Logistic Regression Analysis)with Statistical Packages for Social Science(SPSS)version 25.The results of the study reveal that gov­ernment intervention policies and intervention programmes when instituted will promote the growth of business firms in Nigeria.Also identified are relevant recommendations that serve as motivation for policy administra­tors,entrepreneurs,and business managers to ensure that relevant interven­tion programme is adopted to boost performance and growth of the SME sector in Nigeria.

Government Role in Fostering Emerging Technological Industries:A New Perspective for Industrial Policy Research

Mainstream industrial policy research cannot fully explain how government interventions have helped China’s mobile communications industry catch up with and overtake those of advanced nations.China’s mobile communications industry made breakthroughs in 3G,caught up with advanced nations in 4G,and gained a leadership position in 5G due to the implementation and improvement of a strategy of industrial competition that accommodates mainstream standards and prioritizes the mid-band spectrum based on the integrated“technology,standard and industry”deployment system and swift decision-making.The introduction of a perspective of a strategy of industrial competition may supplement industrial policy research in the following ways:First,when the concerted actions of numerous innovators are important for industrial competition performance,an effective strategy of industrial competition can be devised and overall coordinated by the government provided that is compatible with the catch-up development of emerging technological industries.Second,an industrial policy becomes effective when it is complementary with the strategic factors for long-term industrial performance such as the strategy of industrial competition and avoids serious disruptions to market-based mechanisms.

Housing Policies in Turkey： Evolution of TOKI （Governmental Mass Housing Administration） as an Urban Design Tool

With the mission of absorption of the capital through urban renovation, AKP （the Justice and Welfare Party） took over the metropolitan municipality administrations in big cities in 1995, and the Government of the Republic of Turkey in 2002. Together with the 2003 Mass Housing Act, 14 legal regulations were enacted between 2002 and 2008 to expand the field of activity and increase the funds of TOKI （Governmental Mass Housing Administration） which was already established during ANAP （the Motherland Party） Government in 1980s. As a result of those regulations, TOKI, as the ＂latest goddess of the construction myth＂, became the only authorized organization in the field of housing and land production in AKP＇s cities. It acquired new duties from generating profit-oriented projects to protecting historical texture, and it was authorized to make and approve zoning plans for the lands and plots handed over to TOKI of the last government （the Justice and Welfare Party） created as an investor-entrepreneur-contractor-performer group. This paper＇s aim is to indicate the transformation of TOKI foundation during the last twenty years, and also to prove that TOKI, as a governmental profit-oriented design tool, has demolished the unique DNA/morphological textures of the contemporary Turkish big cities by producing low profiled similar architecture and urbanity in the recent past.

Empirical Analysis of City Contact in Zhujiang(Pearl) River Delta, China

In traditional urban geography, city contact research is a classic study element in city research. In general, researchers use the traditional gravity model to characterize the contacts that exist between two cities. The traditional gravity model assumes ideal conditions, but these preconditions and their results often do not exist in realistic conditions. Thus, we used a modified gravity model to characterize the city contacts within a specific region. This model considers factors such as intercity complementarities, government intervention, and the diversity of the transportation infrastructure which is characterized as the transportation distance instead of the traditional Euclidean distance. We applied this model to an empirical study of city contact in the Zhujiang(Pearl) River Delta(PRD) of China. The regression results indicated that the modified gravity model could measure city contact more accurately and comprehensively than the traditional gravity model, i.e., it yielded a higher adjusted R2 value(0.379) than the traditional gravity model result(0.259). Our study also suggests that, in addition to urban-regional and metropolitan development, the complementarities of the basic functions of cities at the administrative and market levels, as well as the corporeal and immaterial levels, play very significant roles in the characterization of city contact. Given the complexity of city contact, it will be necessary to consider more relevant influential factors in the modified gravity model to characterize the features of city contact in the future.

The Effect of the Model-Shaping Forms of Government Intervention in the Economy on the Economic Growth

This paper argues that the comparative assessment of the market liberalism-dirigisme in different economies should be done based on some specific forms of the government regulation,which are called the model-shaping forms of government intervention in the economy.For its measurement a composite indicator,called the Index of Leftness(Rightness)of Economy,is introduced.IL(R)E is calculated for 62 countries as a weighted average of six sub-indices.Then,IL(R)E(both the Index in general and each of its sub-indices)is used to identify the dependence of economic growth rates on governments’model-shaping interference in the economy.Cross-country regression analysis shows that an increase in model-shaping government intervention in the economy(indicated by IL(R)E’s change towards one)has a negative impact on economic growth,but different forms of that intervention(measured by individual sub-indices)have different impact.Besides,there is a rather profound difference between the countries with GDP per capita less and more than 30 thousand International dollars.In the second group of countries the impact is less significant.In conclusion the authors hypothesize that the process of moving the economy to the right has a more positive impact on the economic growth than its static(unchanging)proximity to the right pole.

The Evaluation Model of Government Intervention (GI) and its Optimization

The paper discusses how to reach the equilibrium and optimization GI during the period of economic transformation. The market economy might not work because of its mechanism flaws, based on the assumption that the government is the supplier and the market economy is the demander Of GI, there is an equilibrium and optimization issue. The theory suggests that GI could reach equilibrium through adjusting the government revenue, thus leads to the result of functional complement between the market economy and the GI, and the optimum economic efficiency.

Chairman's government background, excess employment and government subsidies: Evidence from Chinese local state-owned enterprises

Local state-owned enterprises(SOEs) in China continue to face government interference in their operations. They are influenced both by the government's"grabbing hand" and by its "helping hand." Our study examines how SOE chairmen with connections to government influence their firm's employment policies and the economic consequences of overstaffing. Using a sample of China's listed local state-owned enterprises, we find that the scale of overstaffing in these SOEs is negatively related to the firms' political connections to government. However,this relationship turns positive when the firm's chairman has a government background. Appointing chairmen who have government backgrounds is a mechanism through which the government can intervene in local SOEs and influence firms' staffing decisions. We also find that in compensation for the expenses of overstaffing, local SOEs receive more government subsidies and bank loans.However, the chairmen themselves do not get increased pay or promotion opportunities for supporting overstaffing. Further analysis indicates that whereas the "grabbing hand" of government does harm to a firm's economic performance, the "helping hand" provides only weak positive effects, and such government intervention actually reduces the efficiency of social resource allocation.

Monetary policy,government control and capital investment:Evidence from China

This study examines how the relationships between local governments and local enterprises moderate the effect of targeted monetary policies through different action-propagating mechanisms. First, we investigate the impact of monetary policies on enterprise investment in areas with different institutional environments. Second, we investigate the impact of monetary policies on stateowned enterprises(SOEs) with different property rights structures. Third, we examine how political connections can influence the action-propagating mechanism of monetary policies. We conclude that in China monetary policies have different effects on SOEs and on private enterprises with or without political connections. Specifically, local government interventions can significantly weaken and distort the effects of monetary policies, such that the intended reduction in investment is noticeably alleviated for SOEs and private enterprises with close links to local governments.

Sustainability of China＇s Growth Model A Productivity Perspective

In the present paper, the debate on China＇s growth sustainability is first revisited by highlighting the importance of total factor productivity （TFP）. China ＂s TFP performance is then assessed by applying the Jorgensonian aggregate production possibility frontier framework to the latest version of the China lndustry Productivity （CIP） database. We find that of China＇s 8.9-percent annual GDP growth over the period 1980-2012, 7. 0 percentage points （ppts） could be attributed to the growth of labor productivity and 1.9 ppts to the increase in hours worked. Nevertheless, the labor productivity growth is found to be heavily dependent on capital deepening （5.7） rather than TFP growth （0.8）. Notably, the TFP growth turned negative over 2007-2012, which brings into question the sustainability of China＇s growth. Besides, industries that are less prone to state intervention show faster TFP growth than those controlled by the state. Incorporating the Domar aggregation scheme into our model, we further reveal that two-thirds of the TFP growth originates from within industries and the remainder is attributed to a net factor reallocation effect in which labor plays a positive role, whereas capital appears to behave irrationally. Finally, using a revised Maddison-Wu approach to address the potential flaws in official statistics, we arrive at an annual growth rate of 7.2 percent, or 1.7-ppts slower than the 8.9percent obtained based on the CIP data reconstructed using the official national accounts.

Overemployment,executive pay-for-performance sensitivity and economic consequences:Evidence from China

Using a sample of state-owned enterprises(SOEs) listed on the Shanghai and Shenzhen Stock Exchanges during the 1999-2009 period,we investigate the effects of overemployment on executives' pay-for-performance sensitivity(PPS) and analyze how the behavior of firms with high/low PPS affects the number of surplus employees.We find the existence of a redundant workforce significantly weakens PPS and the role of accounting measures in performance assessment.In contrast to prior literature,we find that higher PPS is associated with a stronger incentive to lay off redundant employees and to limit future employee numbers.We also find that weaker government intervention strengthens managerial control over the future size of the workforce.Finally,our findings suggest that a heavier government policy burden on SOEs leads to lower tax rates and more government gains.

Do modified audit opinions have economic consequences? Empirical evidence based on financial constraints

We present a framework and empirical evidence to explain why,on average,11%of listed firms in China received modified audit opinions(MAOs)between 1992 and 2009.We argue that there are two reasons for this phenomenon:strong earnings management incentives lower firms'financial reporting quality and soft budget constraints weaken the information and governance roles of audit opinions.We find that firms'financial constraints eased after receiving MAOs,which suggests that MAOs have limited economic consequences.Further analysis shows that this phenomenon predominantly exists in government-controlled firms and firms that receive MAOs for the first time.We also find that MAOs have not influenced financial constraints after 2006.Finally,we find that MAOs did not affect borrowing cash flows from banks until 2005,suggesting that MAOs did not start affecting bank financing until that year.We also find that firms receive more related-party financing after receiving MAOs.Our results indicate that a limited effect on bank financing and increased related-party financing reduce the effect of MAOs on financial constraints.

The impact of D&O insurance on excess corporate leverage

The governance effects of directors’and officers’liability insurance(D&O insurance),an important tool for risk diversification,are of strong concern in the capital market.Using a sample of Chinese A-share listed firms from2009 to 2018,we examine the impact of D&O insurance on excess corporate leverage.We find that D&O insurance is negatively associated with excess corporate leverage and that this result is consistent with a series of robustness tests.Further analyses show that D&O insurance impedes excess corporate leverage mainly because of its effect on external monitoring.The effect is more pronounced for firms that are state-owned,have political connections and are located in provinces with low marketization than for other firms.

Examining the policy-practice gap-The issue of crop burning induced Particulate Matter pollution in Northwest India

The study examine the efficacy of government policy interventions initiated since 2014 to curb FCRB in NW Indian states and the related air pollution in Delhi-NCR during 2014-2019.The regression analysis suggests an increase in PM2.5 of~69μg/m3/1000 surge in fires.VIIRS retrieved data suggest an overall declining trend of~1606 and~4308 fire counts per year across NW states during October-November respectively.The monthly PM2.5 concentrations in New Delhi exhibits a decline of~2.18μg/m3 and~5.17μg/m3 per year over the same period.Despite an overall increase of~17.6%rice productivity,a noted decrease in fire activity over the period is an encouraging move,likely a result of some control imposed by authorities on FCRB.Owing to a significant~35.5%rise in wheat productivity,data records rising trend in wheat residue burning activities in April(~1298/year)and May(~2402/year)but do not trigger extreme pollution due to difference in intensity of fires across harvesting seasons and relatively weak northwesterly wind direction.Nevertheless,the overall high PM2.5 levels in October-November and April-May compared to NAAQS 24-hour average of 60μg/m3,disproves the overall efficacy of government policies to curb FCRB and related air pollution in IGP region.