FEI PENG - Academia.edu (original) (raw)

Papers by FEI PENG

This paper examines the effect of shifts in the relative supply and demand of skills on the skill... more This paper examines the effect of shifts in the relative supply and demand of skills on the skill premiums and wage inequality in the British labour market 1972-2002. We test the Katz and Murphy (1992) hypothesis that the changes of skill premiums can be explained by their relative supply shifts, given stable or steadily growing relative demand. Alternatively, Machin (2001) hypothesis holds if the changes of skill premiums can be explained by relative demand shifts, given stable or steadily growing relative supply. From co-variation of relative skill wages and relative labour supplies of skills, we reject the hypothesis that the relative labour demand for skill is stable over time for either males or females. By using detrended relative skill wages and supplies, we infer that the acceleration of relative demand for skills caused a positive association between relative skill wages and labour supplies for males in the 1980s and the 2000s, and for females after the 1970s. Hence, the st...

This paper employs industry data, derived from linking the EU LFS to productivity accounts from E... more This paper employs industry data, derived from linking the EU LFS to productivity accounts from EU KLEMS, to examine workforce training and productivity in European Union original members states. Training activities are modelled as intangible investments by firms and cumulated to stocks so their impact can be evaluated within a production function framework, including links to the use of information and communications technology (ICT). The results suggest significantly positive effects of training on productivity, both direct and interacted with ICT, with different impacts in services than in production industries. These results are robust to the use of instrumental variables methods, both lagged instruments and a set of variables that capture features of the operation of labour markets.

birmingham.ac.uk

This paper compares the cyclical behaviour of male real wages in Germany and the UK using the Ger... more This paper compares the cyclical behaviour of male real wages in Germany and the UK using the German Socio-Economic Panel 1984-2009 and the British Household Panel Survey 1991-2009. We distinguish between job stayers (remaining in the same job), and within-and between-company job movers. Stayers are the large majority in both countries. Using changes in the unemployment rate as the cyclical measure, we find real wages of stayers in both private and public sector in West Germany–but only private ...

湖北财经高等专科学校学报, 2000

现代企业成本管理战略.

对外经贸财会, 2000

海南金融, 2003

摘要: 我国农村信用社的发展既受制于历史遗留问题, 又面临着市场扩大后信息不对称下的逆向选择和道德风险. 这是我国实行家庭联产承包责任制, 从而有效地解决了农业生产的劳动投入问题后, 深化改革所... more 摘要: 我国农村信用社的发展既受制于历史遗留问题, 又面临着市场扩大后信息不对称下的逆向选择和道德风险. 这是我国实行家庭联产承包责任制, 从而有效地解决了农业生产的劳动投入问题后, 深化改革所必然面临的更为复杂的资本投入问题. 对这个问题的解决有赖于金融体制的多元化, 以及在农村信用体制内的产权改革

... Page 2. 1 Workforce Training, Intangible Investments and Productivity in Europe: Evidence fro... more ... Page 2. 1 Workforce Training, Intangible Investments and Productivity in Europe: Evidence fromEU KLEMS and the EU LFS* ... productivity accounts from EU KLEMS, to examine workforce training and productivity in the pre enlargement European Union member states. Training ...

International Journal of Finance & Economics, 2019

This paper applies consolidated banking statistics data from the Bank for International Settlemen... more This paper applies consolidated banking statistics data from the Bank for International Settlement to simulate risk contagion in a cross‐border banking system with shocks of credit and liquidity. Simulation results from balance sheet network analysis show that the banking systems of the United States and United Kingdom are the most systemically important systems under the credit shocks in June 2008. Moreover, banking system's counter‐shocks ability is directly related to its size and concentration of foreign claims. The banking systems of German and French are the most systemically important systems under the liquidity shocks. Some banking systems depend heavily on German and French banking systems for financing and are vulnerable to liquidity shocks. Risk transfer has influence on risk contagion in the cross‐border banking system. After the subprime crisis, cross‐border risk contagion has declined because of deleveraging foreign claims. Raising the capital level of the banking ...

Review of Policy Research, 2018

This article investigates the impact of the introduction of the patent box/IP regime on foreign d... more This article investigates the impact of the introduction of the patent box/IP regime on foreign direct investment (FDI) inflows in R&D and related activities, including design, developing, and testing activities, using city level data. The data are based on approximately 1,200 cities in 80 countries. Results obtained by use of a difference‐in‐differences estimator show that the introduction of the patent/IP box regime in the Netherlands has led to increases in the FDI inflows in R&D and related activities in the subsequent three‐year period. For Spain and Belgium, no significant effects could be found. The results are robust when other important factors are accounted for (capital city, city population, quality of local university, presence of an airport, R&D tax incentives, protection of property rights, and PISA ratings in mathematics and science) and different measures of FDI inflows (number of FDI projects, capital flows, and number of jobs generated).

This paper applies the growth accounting model to Chinese economy at region and province levels f... more This paper applies the growth accounting model to Chinese economy at region and province levels from 1978 to 2009. We measure the components in the growth accounting model such as capital services, labour inputs and Total Factor Productivity (TFP) using various data sources. The economic growth has been decomposed into the contribution of physical capital, labour inputs, labour composition index (LCI) and TFP. We find that Chinese economic growth was mainly pushed by the growth of physical capital, especially in the fastest growing Coastal region. Labour inputs and TFP growth contribute more in the Interior and West regions. Moreover, the contribution shares of physical capital in labour productivity have been declining for the Coastal region, as the TFP contributions have been increasing over the same period. Our results show that the human capital formation from technological and institutional shifts is becoming more and more important in the Coastal region.

This paper examines the selection biases in the cyclical behaviour of real wages using the German... more This paper examines the selection biases in the cyclical behaviour of real wages using the German Socio-Economic Panel Data (GSOEP) for the 1984-2009 period. We find rigid wages of job stayers in Germany. Keywords: Selection; Wage cyclicality; Panel data JEL classification: C33; C52; E32; J31

University of …, Oct 1, 2008

Economics Letters, 2012

This paper investigates the cyclical behaviour of real wages in urban China using the China Healt... more This paper investigates the cyclical behaviour of real wages in urban China using the China Health and Nutrition Survey (CHNS) 1989-2006. Using changes in the unemployment rate as the cyclical measure, we find pro-cyclicality in the public sector and small/medium firms, but not in big firms. We also find real wages of male, high educated or ever married workers are flexible. Including bonuses increases the procyclicality of regular wages.