Major Landmark Achievement Added to the “Double-First Class” Initiative at Liaoning University: Professor Yu Miaojie’s Paper Accepted by The Review of Economics and Statistics-余淼杰校长个人主页

“Trade Liberalization and Chinese Students in US Higher Education”, a paper co-authored by Professor Yu Miaojie (Representative of the National People’s Congress, Member of the Standing Committee of the 14th Liaoning Provincial People’s Congress, Deputy Secretary of the Party Committee, and President of Liaoning University), has been officially accepted by Review of Economics and Statistics, an internationally recognized top journal in economics and statistics. On top of that, Prof. Yu’s paper is one of the highest-level international journal papers to be published in the field of economics since the establishment of Liaoning University.

In the process of promoting the “Double-First Class” Initiative, Liaoning University has focused on the output of significant landmark achievements, and has successively formulated and issued policies, including “Management Rules for the Cultivation of Liaoning University’s Global First-Class Discipline Projects in Applied Economics”. LNU encourages and supports teachers and students in the field of applied economics to actively undertake various major research tasks in order to produce a number of significant landmark achievements in line with “domestically leading and world-class” standards.

Faculty members from Liaoning University’s department of Applied Economics have previously had papers published in The Economic Journal, a top journal in the field that has highly regarded studies in applied economics ever since its publication in 1891, considering them to be the most influential type of articles in the past decade. These papers have also been selected as among the Top 10 Best Chinese Papers in International Investment 2021 in the World Economic Yearbook and received awards of excellence by Economic Science in 2022. Additionally, two faculty members from LNU have been selected in the highly-cited list from Elsevier Global Economic Papers, and multiple papers have been published in high-level domestic journals such as Economic Research Journal.

The publication of Prof. Yu’s “Trade Liberalization and Chinese Students in US Higher Education” is a magnificent achievement within LNU’s International Iconic Journal Achievement Support Program and International Discipline Influence Enhancement Program. It is also a historic breakthrough in promoting high-level works of paper publication, as well as a major landmark achievement in LNU’s Double-First Class Initiative.

As one of the top international journals in economics recognized by the Ministry of Education, not to mention being one of seven globally recognized top journals in economics, Review of Economics and Statistics is sponsored by the Kennedy School of Government at Harvard University and has a historic lifespan of more than 100 years. The journal’s mission is to publish the most important experiential and theoretical research in economics, thereby increasing widespread interest in the field. Moreover, Review of Economics and Statistics only accepts and publishes about 60 papers from around the world annually. In the past few years, only a handful of papers coming from higher institutions within the Chinese Mainland have been accepted each year.

Representing Liaoning University, Professor Yu Miaojie co-authored his study in collaboration with Gaurav Khanna from the University of California, San Diego, Ariel Weinberger from George Washington University, Kevin Shih from Queens College, City University of New York, and Assistant Professor Xu Mingyi from the Institute of New Structural Economics Research at Peking University.

The study revealed, for the first time, a little-known phenomenon related to China’s integration into globalization: the rise of service trade. Based on China’s accession to the World Trade Organization, the study found that an increase in residents’ wealth, especially the increase in real-estate-related income through trade liberalization, has enabled more Chinese families to bear the high cost of studying abroad through higher education in the United States. With an increase in the number of eligible Chinese students going to the U.S. for higher education, the United States’ trade deficit in its goods with China have partially flowed back to the U.S. in the form of a surplus in education-services trade, creating huge economic benefits for American higher education. The tuition income generated by international students helps higher education institutions in America effectively control their increase in tuition fees, thereby providing more high-quality higher educational resources and educational opportunities for local American students. However, since the trade dispute initiated by the Trump administration in 2017, the number of Chinese students studying in the United States has for the first time stagnated, which has greatly reduced the financial budgets of American universities and other research institutions, with public universities bearing the brunt of the conflict. This study estimates how trade frictions between China and the United States could result in an annual tuition fee loss of approximately $1.1 billion for higher education institutions in the United States.

This study is the first to prove that China’s trade expansion is a key factor in determining the growth of Chinese students studying in the United States. Its findings have attracted widespread international attention and have been discussed in columns by many important media outlets, including China Daily, Cato Institute, CNN News18, Politico, and VOA International Broadcasting. Meanwhile, the study has been reprinted and published in multiple overseas news websites, such as University Business Media, News Break, San Diego Metro Magazine, The PIE News, Tech Xplore, and News 360.

Information about the Authors:

Yu Miaojie is a deputy to the National People’s Congress, a member of the Standing Committee of the 14^th Liaoning Provincial People’s Congress, Deputy Secretary of the Party Committee, and President of Liaoning University in China.

Gaurav Khanna is an Assistant Professor of Global Policy and Strategic Economics at the University of California, San Diego in the United States.

Kevin Shih is an Assistant Professor of Economics at Queens College, City University of New York in the United States.

Ariel Weinberger is an Assistant Professor of Economics at George Washington University in the United States.

Xu Mingyi is an Assistant Professor at the Institute of New Structural Economics Research in Peking University, China, and is a member of the China CF40 Youth Forum.

China Daily

Link:

http://ex.chinadaily.com.cn/exchange/partners/45/rss/channel/www/columns/f8gszh/stories/WS60e4dde8a310efa1bd6601c7.html