Renwu Tang

Beijing Normal University | bnu

Measuring the systemic risk contribution (SRC) of country-level stock markets helps understand the rise of extreme risks in the worldwide stock system to prevent potential financial crises. This paper proposes a novel SRC measurement based on quantifying tail risk propagation's domino effect using ΔCoVaR and the cascading failure network model. Whi...

An effective and stable operation of an economic system leads to a prosperous society and sustainable world development. Unfortunately, the system faces inevitable perturbations of extreme events and is frequently damaged. To maintain the system's stability, recovering its damaged functionality is essential and is complementary to strengthening its...

This is a 5-minutes video introducing the key idea of the work —— Motif Transition Intensity: A Novel Network-Based Early Warning Indicator for Financial Crises

Financial crisis, rooted in a lack of system resilience and robustness, is a particular type of critical transition that may cause grievous economic and social losses and should be warned against as early as possible. Regarding the financial system as a time-varying network, researchers have identified early warning signals from the changing dynami...

The indirect carbon emission embodied in the intermediate input is also an important indicator of assessing a producer’s carbon emissions. Structural analysis of indirect carbon emissions is helpful to understand the responsibilities between producers and pay efforts to key areas. The aim of this study is to analyze indirect carbon emissions embodi...

Hazards are a potential source of harm and damage hiding in shadow zones. Without control, they may accumulate and interact with other types of hazards. In the harsh and complicated circumstance, especially, the deep underground space of coal mines, complex and nonlinear interactions among hazards multiply the probabilities that a hazard turns into...

This study investigates the influential energy stocks in the China stock market between 2005.1.4 and 2018.4.3. The influential energy stock is defined as a stock whose fluctuations could lead to the rises and falls of many other stocks in the energy sector, which have attracted much attention from investors and policymakers. To achieve this objecti...

Identifying influential stocks and determining the diffusion mechanism in a complex stock network are helpful for recognizing and avoiding the risk of a financial crisis. We define the influence of a stock according to the price fluctuation that it triggers in other stocks. Meanwhile, we propose the fluctuation conduction network (FCN) model, a nov...

The new round of reform in the Chinese medical system has led to optimization of the country’s pharmaceutical supply chain. This, in turn, has led to unprecedented opportunities and challenges for operators and consumers alike within this market. The reform has also brought about an urgent need for rigorous scientific analysis of the impact this ma...

The special issue is introduced here by considering the state of the environment and environmental governance in the PRC. While significant, substantial developments in legislation and policymaking remain insufficient to tackle the degradation of the environment and the increasing saliency of environmental issues in Chinese politics. Tremendous cha...

Measurement and analysis of local government efficiency is important; however, it is also difficult. To measure government efficiency, this paper employs the relative measurement method described in the research literature. It develops and applies an index to measure and rank the government efficiency of 31 provincial governments in China (includin...

“People’s wellbeing” is the basis for a harmonious society. It is not only an old topic, but one of the most conspicuous terms in China today. The development of “wellbeing” can be roughly divided into three stages: “solution”, “improvement” and “development”. China, still in the primary stage of socialism, has just accomplished the task of providi...

Environmental issue is a major issue related to the national and regional sustainable development. Ever since China’s adopting Reform and Opening-up, China’s economy has got sustainable and rapid growth; industrialization and urbanization has enjoyed constant acceleration; comprehensive national power has been significantly advanced; people’s mater...

As a frontier research topic in the field of public management in the western countries in recent years, the rising of holistic governance was not only promoted directly by the marketization reform and the development of information technology, but also stimulated by the spread of individualism thoughts and the governance fragment left by which in...

Ever since China's joining the World Trade Organization (WTO) and integration into the globalization system, Chinese farmers have faced tremendous challenges. With the pressure in farm produce imports, the drop in prices, increase in trade deficits, and rise in unemployment rates, Chinese farmers are becoming less and less competitive in the global...