School of Business and Management Department of Economics 196 Firms in Globalization: Evidence from China Supervisor: LI Yao / ECON Student: XU Runzhao / MAEC Course: UROP1100, Summer Our preliminary goal is to separate single product firms from multi-production firms using product code library dataset and product quantity datasets (firm-product level) from year 2000 to year 2009. After merging product code library and each product quantity dataset using corporation codes, we append all datasets to get a panel data. We then classify surviving firms and type-transforming firms which are further classified as single product firms changing to multi-product firms and multi-product firms changing to single product firms using 1-year and 3 -year observation window respectively. Finally, we calculate the product scope of each firm in 2007 and 2009 with hidden layer and without it. The Local Impacts of BRI Projects Supervisor: LIN Yatang / ECON Student: CHEN Yi / ECOF Course: UROP1100, Spring In the context of global climate change, environmental problems have been a widely spread concern all over the world and green economy has also become a globally big topic. Thus with the continuous development of China’s Belt and Road Initiatives (BRI), its impact on the local economic growth as well as environment have become the two biggest concerns. Since economic growth is usually accompanied by huge carbon emissions, how to balance economic development and environmental protection is undoubtedly a vital and crucial issue. By studying the impact of the BRI projects on the local GTFP, we will explore whether BRI can promote local green economy development. The Local Impacts of BRI Projects Supervisor: LIN Yatang / ECON Student: ZHANG Han / ECOF Course: UROP1100, Spring The Belt and Road Initiative (BRI) launched by China in 2013 has been extremely ambitious and brought a tremendous impact on major regions. Yet, concerns over its environmental impact have been raised. Since a large fraction of BRI constitutes energy projects, this paper studies the BRI-driven investment pattern in the energy sector, especially in renewable energy. Using multiple empirical strategies, this paper provides evidence that relative to other sectors, BRI has increased China’s outbound financing in renewable energy to non-BRI countries rather than BRI countries. When further investigating what type of countries would attract more renewable energy funding from China, it is shown that places with a better commitment to renewable energy promotion, as measure by their Nationally Determined Contributions, would draw more investment from China.
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