Search Results (6)

Various forms of agricultural subsidy policies often have a significant impact on the development of the agricultural economy and also shape the differentiated spatial pattern of regional agricultural economic resilience, while research on the evolution process of agricultural economic resilience and its influencing mechanisms is still very scarce. This study is based on the impact of China’s cancellation of the temporary corn storage policy on corn prices in 2016. By using an economic resilience analysis framework, we selected the indicators of total agricultural output value and disposable income of farmers to measure the agricultural economic resilience of various cities in Jilin Province and analyzed the characteristics and causes of the spatio-temporal change in agricultural economic resilience in Jilin Province from 2008 to 2021. The results show the following: (1) The transition from price and subsidy integration policy to decoupled subsidy policy helps to shape stronger regional agricultural economic resilience, but due to factors such as farmer policy dependence, low international corn prices, severe oversupply in the domestic corn market, and the suddenness of policy changes, there was a short-term decline in agricultural economic resilience in Jilin Province in the early stage of the decoupled subsidy policy (2016–2017), which rapidly increased after 2017. (2) The agricultural economic resilience levels of cities in Jilin Province showed different spatial differentiation characteristics at different stages within the study period, and the central region, as an important corn production area in Jilin Province, had significant changes in agricultural economic resilience. (3) During the execution of the price and subsidy integration policy, the enhancement of agricultural input capacity and agricultural output capacity helped to improve regional agricultural economic resilience; during the execution of the decoupled subsidy policy, the government’s support for agriculture and the potential of rural markets had a significant impact on the improvement of agricultural economic resilience. At the same time, the interaction and enhancement effect between influencing factors also had a profound impact on agricultural economic resilience. Full article

The intensity of China’s new energy vehicle (NEV) subsidies has gradually declined since 2017 and is expected to end in the next few years, thereby causing market fluctuations and affecting the investment strategies of both local governments and automotive enterprises. In order to examine the effects of a subsidy cancellation, this study introduced it as an external disturbance to establish a differential game model, in which a random arrival process is used to represent the occurrence of a cancellation. The model incorporated both decentralized and centralized modes at the pre- and post-subsidy cancellation stages. A numerical simulation showed that the investments of both parties, the market demand, and the system benefits in both modes would be lower when compared to the scenario in which the subsidy is not canceled, but continued. The performance of the centralized mode was superior to that of the decentralized one, implying that the centralized mode was capable of realizing Pareto optimality. A sensitivity analysis of the model’s parameters showed that the timing of the subsidy cancellation would not affect the investment levels of either party in either stage, but losses of market demand and system benefits would occur shortly after the cancellation and continue until stabilizing. Full article

The minimum purchase price policy for wheat and rice implemented by the Chinese government has achieved the fundamental goals of stabilizing grain prices, promoting production, and ensuring food security. This policy has also had negative impacts such as domestic and foreign price spreads and continuous increases in stocks and imports, which are not conducive to China’s grain security development and thus unsustainable. Therefore, this paper builds a partial equilibrium model of China’s grain market by simulating the effects of canceling or reducing the minimum purchase price on the market price, production, consumption, stock, and net import of wheat and then evaluates the sustainability of various adjustment programs. The research results show that first, lowering the minimum purchase price of wheat can reduce the domestic and foreign price spread, stock, and imports to a certain extent; however, it cannot fundamentally solve the negative impact of this policy. Second, cancellation of the minimum wheat purchase price policy can significantly reduce domestic and foreign price spread, stock, and imports; however, it will also significantly reduce wheat production and threaten China’s grain security. Third, cancellation of the minimum wheat purchase price and the increase in agricultural production subsidies can solve the negative impact of the minimum purchase price policy and reduce the impact of the cancellation of the minimum purchase price policy on grain supply security. This policy adjustment is more sustainable than China’s current policy. Finally, this paper asserts that China’s grain price policy reform will influence and have implications for stakeholders in the global grain industry. Full article

The purchase subsidy policy gives powerful support in battery electric vehicles’ (BEVs) market penetration. However, the purchase subsidy is also a huge financial burden for the government, so it can only be considered as a transitional measure and will be canceled gradually. This paper aims to investigate the impact of purchase subsidy phase-out on BEV adoptions and explore alternative incentive policies to continue stimulating BEV adoptions. A stated preference (SP) survey is conducted in Beijing, and a binary logit (BL) model is established to describe how various factors affect BEV adoption preferences. In addition to the factors related to vehicle techniques, the policies of license plate restrictions and driving restrictions are focused due to Beijing’s unique external policy environment. The vehicle use subsidy and bus line driving permit are tested as alternative incentive policies against the purchase subsidy decrease. The results show that incentive policies can significantly influence BEV adoption intentions. If the purchase subsidy policy is canceled in Beijing, the BEV choice probability will be reduced from 45.94% to 16.62%. In this case, the vehicle use subsidy needs to be set at the level of 4966 CNY/year (714.3 USD/year) to maintain the original BEV choice probability. Full article

Exhaust pollution and energy crises are worsening worldwide. China has become the largest motor vehicle producer; thus, promoting the use of new energy vehicles (NEVs) in China has important practical significance. In this paper, considering the limited rationality of governments, NEV enterprises and consumers, we study the subsidy policy of the China NEV market using the evolutionary game and system dynamics (SD) methods. First, a tripartite evolutionary game model is developed and the replicator dynamics equations and Jacobian matrix are obtained. A SD simulation of the model was conducted to further clarify the impact of the initial market proportion and three variables used in the model. The results show that the initial market proportion affects the evolution speed but does not affect the evolution result when the three group players all choose a mixed strategy. For governments, they should not hastily cancel price subsidies provided to consumers; rather, they should dynamically adjust the rate of the subsidy decrease and increase the consumers’ extra cost for purchasing fuel vehicles (FVs). NEV enterprises should appropriately increase their investments in the research and development (R&D) of NEVs. Full article

With the phasing down of subsidies, China has launched the new energy vehicle (NEV) credit regulation to continuously promote the penetration of electric vehicles. The two policies will coexist through 2020 and definitely pose a dramatic impact on the development of the Chinese and even the global electric vehicle market. However, few studies have systematically investigated the relationship between the two policies as well as the synergistic impacts during the overlap period. This paper interprets the rationales of China’s subsidy policy and NEV credit regulation and establishes a bottom-up model to estimate the synergistic impacts of the two policies on the technological trends of battery electric vehicles (BEVs) from the perspective of credit cost-effectiveness. The results suggest that the subsidy policy still maintains strong support for the development of electric vehicles in China. For small BEVs whose driving ranges are higher than 300 km, subsidies even account for 40–50% of the manufacturing cost. In addition, we conclude that the two policies will complement each other in the transitional period and small BEVs are preferred by both policies. Under the NEV credit regulation, 350 km will consistently be the optimal driving range, which will definitely limit the development of other ranges. With the addition of the subsidy, the limitation will be amended in the short run. However, the effect of the subsidy is decreasing and is going to be canceled after 2020, so the focus should be on the optimization of the NEV credit regulation. Full article