In conducting an extensive examination, we scrutinize the efficacy of algorithmic trading strategies applied to Futures CopperMainContinuous in the Shanghai Futures Exchange, utilizing a comprehensive data set spanning from January 2020 to December 2022. To mitigate the potential risk of...

The pathways to achieving carbon neutrality at the city level are diverse due to varying energy supply and demand conditions. Shanghai faces obstacles such as limited land resources, high costs of renewable energy technologies, and instability of renewable energy. These challenges hinder the...

This paper investigates the co-movements of oil prices and the exchange rates of 10 top oil-importing and oil-exporting countries. Firstly, we estimated the total static spillover index based on vector autoregressive (VAR) models. Secondly, we adopted the recent DCC-GARCH-CONNECTEDNESS approach...

Despite the continuous expansion of trade and investment agreements between China and South Korea, little is known about the distribution of benefits and losses stemming from synergy and competition at the regional level. This paper aims to investigate the complementary and competitive...

In the context of technological progress and economic transition, the urban spatial structure has consistently undergone dynamic evolution. However, the trajectories of polycentric patterns display significant national and regional variations. It is crucial to examine the dynamic evolution of...

"Rapid urbanization and increasing demand for efficient public transportation have highlighted the need to understand public perceptions of service quality. Traditional evaluation methods may not fully capture user experiences and perceptions, and the emerging large-scale social media data...

This paper investigates the co-movements of oil prices and the exchange rates of 10 top oil-importing and oil-exporting countries. Firstly, we estimated the total static spillover index based on vector autoregressive (VAR) models. Secondly, we adopted the recent DCC-GARCH-CONNECTEDNESS approach...

This paper investigates the selection criteria and success factors of retailers within mixed-use developments in Shanghai, from the 2009 financial crisis to the COVID-19 pandemic. By using Multiple Criteria Decision Making focused on three groups of key performance indicators: External,...

Previous studies on green bonds (GBs) in China have not extensively analyzed how investor characteristics such as demographic background and environmental concerns affect Chinese investors' decisions to invest in GBs. Therefore, these aspects should be examined to understand the GB market and...

Chapter 1: Approaching China’s “Artificial intelligence development highland” -- Chapter 2: Artificial intelligence in the public sector in Shanghai: conceptualization, context, and capacity -- Chapter 3: The AI policy environment of Shanghai -- Chapter 4: The AI ecosystem of Shanghai --...

This study explores and models the 'opening price difference rate' of the Shanghai Stock Exchange Composite Index through exploratory data analysis and forecasting. The findings indicate that the hybrid models, ARIMA-LSTM and ARIMA-GRU, are better able to capture the trend and volatility of the...

This paper investigates a newly-found solar term anomaly (effect) in China Shanghai Index as a supplementary to the existing literature of traditional calender effects. Based on a regression framework, the paper analyzes the solar term effect from multiple aspects: inter-solar-term analysis,...

The outbreak of the COVID-19 pandemic caused numerous lockdowns in cities around the world. While lockdowns can generally be effective at reducing the spread of COVID-19, they also have substantial psychosocial impacts, such as causing distress and anxiety among residents. However, our knowledge...

It is increasingly emphasized that firms' innovation depends on external knowledge interaction in the field of economic geography. Global knowledge linkages and interaction plays crucial role in gaining competitive advantage for firms in developing countries because of their immature innovation...

This article studies the short- and long-run economic consequences of the now-extinct Shanghai tramway system. Geo-locating the tramway lines on both historical cadastral maps and current Google maps, I sort land parcels in the 1900s–1910s, and residential complexes in 2018, into treatment and...

Aim: The main goal is to examine the role of perceived risk in determining customers' willingness to purchase fresh food online. Research methods: Data were collected through an online survey. Respondents were recruited via a call on online platforms. A total of 287 fresh food e-commerce...

Political, economic, and social factors that impede the diffusion of residential solar photovoltaics (RSPV) are at the frontline of academic research in renewable energy development because solar PV has rapidly become cost-benefit effective relative to traditional energy. Using Shanghai for our...

(1) Tourism Industry is still in a Golden Period of Development On October 18, 2017, General Secretary Xi Jinping pointed out in the report of the Nineteenth National Congress of the Communist Party that socialism with Chinese characteristics has entered a new era. Tourism is the first of the...

How important are legal systems to economic performance? To address this question, I focus on a historical period from colonial Shanghai, where quite different legal systems operated in the International Settlement and French Concession. In particular, employing novel historical data, I examine...

Land use regulations have been pursued by many governments around the world. When making land development policies for cities that feature high population density and limited land supply, one question looms large: where and how much to build across different localities of a city? To answer this...

Based on the basic theory of behavioral finance and from the perspective of investor sentiment, this paper selects the monthly data of domestic Shanghai stock index and Shanghai gold futures from 2011 to 2020, constructs the investor sentiment indicators of domestic A-share and Shanghai futures...

Shared mobility (SM) provides a feasible solution for reducing the number of private cars and alleviating urban traffic congestion. However, SM is not widely accepted in China’s mobility market. Based on a scenario choice experiment conducted in Beijing and Shanghai, we present two on-demand...

This paper develops a model that allows for heterogenous contemporaneous peer effects among different types of agents who are endogenously selected into different peer groups. Using our framework, we characterize the reduced-form coefficient in the peer effect literature and show that it is a...

This article analyzes the impact on the return of the stock index in China brought by the traditional Chinese twenty-four solar terms as new anomaly in stock market. Returns on Solar term No.1 and Solar term No.3 display high positive mean value and asymmetry to positive interval whereas on...

Many governments have encouraged low-income housing; however, affordability concerns for themiddle class are often overlooked. In 2005 the Shanghai government began to promote the supply of middle-class houses (i.e., mid-sized houses at reasonable prices) with the introduction of relative lower...

The trade war between the US and China is the biggest trade conflict in this century which has a wide impact not only on the two countries but also other partner countries. The purpose of this study was to analyze financial immunity to stock returns due to the US-China trade war using a...

The emissions trading scheme (ETS) has become a flagship climatic initiative for regulating greenhouse gas (GHG) emissions. Under an ETS, the emitting firm must simultaneously deal with changing carbon prices and the number of permits and the trade-off between permit trading (if one should buy,...

We investigate how firms adapt to trademark protection, an extensively used but underexamined form of IP protection, by exploring a historical precedent: China’s trademark law of 1923 - an unanticipated and disapproved response to end foreign privileges in China. By exploiting a unique, newly...

This paper develops a model that allows for heterogenous contemporaneous peer effects among different types of agents who are endogenously selected into different peer groups. Using our framework, we characterize the reduced-form coefficient in the peer effect literature and show that it is a...

We investigate how firms adapt to trademark protection, an extensively used but underexamined form of IP protection, by exploring a historical precedent: China's trademark law of 1923---an unanticipated and disapproved response to end foreign privileges in China. By exploiting a unique, newly...

The ongoing international reserve paradigm based on trust will experience a major transformation despite being convenient, flexible and low-cost. The underlying issue is a loss of trust. Due to the massive financial sanctions imposed on Russia and other states, traditional reserve currencies...

This paper develops a model that allows for heterogenous contemporaneous peer effects among different types of agents who are endogenously selected into different peer groups. Using our framework, we characterize the reduced-form coefficient in the peer effect literature and show that it is a...