---
title: "Marketization index (Fan Gang): papers using it"
description: "From Nov 2023 to Oct 2026, 658 archived papers mentioned Marketization index (Fan Gang) in their title, abstract or keywords (the search of earlier months' full texts is still under way), most of them in Sep 2026 (31)."
url: https://scholar4ai.com/datasets/marketization-index-fan-gang
markdown_url: https://scholar4ai.com/datasets/marketization-index-fan-gang.md
license: CC BY-NC 4.0 (https://creativecommons.org/licenses/by-nc/4.0/)
share_text: "From Nov 2023 to Oct 2026, 658 archived papers mentioned Marketization index (Fan Gang) in their title, abstract or keywords (the search of earlier months' full texts is still under way), most of them in Sep 2026 (31). (as of 2026-11-04)"
data_url: https://scholar4ai.com/data/rankings.json
updated: 2026-11-04T18:03:26+09:00
window: 2026-10-06 to 2026-11-04
source: OpenAlex (CC0)
---

# Marketization index (Fan Gang)

[Browse dataset profiles](https://scholar4ai.com/datasets/directory/page/4.md)

Province- and city-level statistics from Chinese statistical yearbooks, and regional indices built from them.

- data category: China statistical yearbooks and regional indices
- 1 paper in the last 7 days
- Names searched for: marketization index

Most-used data: https://scholar4ai.com/rankings/datasets.md · All China statistical yearbooks and regional indices datasets: https://scholar4ai.com/datasets/china-statistical-yearbooks-and-regional-indices.md



## Key findings

- From Nov 2023 to Oct 2026, 658 archived papers mentioned Marketization index (Fan Gang) in their title, abstract or keywords (the search of earlier months' full texts is still under way), most of them in Sep 2026 (31).
- Marketization index (Fan Gang) was mentioned in 16 papers in the last 30 days (2026-10-06 to 2026-11-04), ranking #10 of the 255 datasets mentioned.
- By journal category: Finance (11), Operations Research (1), Economics (1), Management (1), AI (1) and Statistics (1).
- Most of them appeared in International Review of Economics & Finance (7), Review of Quantitative Finance and Accounting (1) and International Review of Financial Analysis (1).
- From 2017 to 2026 (so far), Marketization index (Fan Gang) was mentioned in 670 papers in the tracked journals, most of them in finance (371), economics (124) and management (79).
- 196 of them were published in 2025, against 0 in 2017.
- Since 2023, the institutions with the most of these papers were University of Manchester (13), Monash University (11) and University of Edinburgh (11).
- The journals publishing most of them were Financial Innovation (71), International Review of Economics & Finance (45) and Computational Economics (28).
- The most-cited of them is “A comprehensive review on financial explainable AI” (Artificial Intelligence Review, 2025), with 138 citations.
- Papers use Marketization index (Fan Gang) most often with S&P 500 (250), Economic Policy Uncertainty index (136) and VIX (114); it has 126 partners in the code and data network, in the group around S&P 500, Economic Policy…, Compustat.

## Mentions over 36 months

*Papers mentioning it by publication month, Nov 2023 to Oct 2026 (titles, abstracts and keywords; the full texts of earlier months are still being searched)*

| Trend | Nov 23–Oct 24 | Nov 24–Oct 25 | Nov 25–Oct 26 | 36 months |
|---|---:|---:|---:|---:|
|  | 215 | 203 | 240 | 658 |

## Papers per year

*Papers per publication year and category*

| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (so far) |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| [Finance](https://scholar4ai.com/categories/finance.md) | 0 | 0 | 0 | 0 | 0 | 0 | 23 | 127 | 96 | 125 |
| [Economics](https://scholar4ai.com/categories/economics.md) | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 40 | 40 | 40 |
| [Management](https://scholar4ai.com/categories/management.md) | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 19 | 30 | 26 |
| [Operations Research](https://scholar4ai.com/categories/operations-research.md) | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 9 | 9 | 10 |
| [AI](https://scholar4ai.com/categories/ai.md) | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 8 | 11 | 6 |
| [Accounting](https://scholar4ai.com/categories/accounting.md) | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 8 | 3 | 4 |
| [Information Systems](https://scholar4ai.com/categories/information-systems.md) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 1 |
| [Statistics](https://scholar4ai.com/categories/statistics.md) | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 3 |
| [Marketing](https://scholar4ai.com/categories/marketing.md) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 1 |
| [Health Economics and Policy](https://scholar4ai.com/categories/health-economics-and-policy.md) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| [Tourism and Hospitality](https://scholar4ai.com/categories/tourism-and-hospitality.md) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| All categories | 0 | 0 | 0 | 0 | 0 | 0 | 41 | 216 | 196 | 217 |

## Where the papers come from

*Journals with the most papers, since 2023*

| # | Journal | Papers |
|---:|---|---:|
| 1 | [Financial Innovation](https://scholar4ai.com/journals/financial-innovation.md) | 71 |
| 2 | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | 45 |
| 3 | [Computational Economics](https://scholar4ai.com/journals/computational-economics.md) | 28 |
| 4 | [Future Business Journal](https://scholar4ai.com/journals/future-business-journal.md) | 26 |
| 5 | [International Review of Financial Analysis](https://scholar4ai.com/journals/international-review-of-financial-analysis.md) | 25 |
| 6 | [Review of Quantitative Finance and Accounting](https://scholar4ai.com/journals/review-of-quantitative-finance-and-accounting.md) | 24 |
| 7 | [Borsa Istanbul Review](https://scholar4ai.com/journals/borsa-istanbul-review.md) | 21 |
| 8 | [Journal of International Financial Markets Institutions and Money](https://scholar4ai.com/journals/journal-of-international-financial-markets-institutions-and-money.md) | 18 |
| 9 | [Annals of Operations Research](https://scholar4ai.com/journals/annals-of-operations-research.md) | 17 |
| 10 | [Journal of Asset Management](https://scholar4ai.com/journals/journal-of-asset-management.md) | 17 |

*Institutions with the most papers, since 2023*

| # | Institution | Papers |
|---:|---|---:|
| 1 | [University of Manchester](https://scholar4ai.com/institutions/university-of-manchester.md) | 13 |
| 2 | [Monash University](https://scholar4ai.com/institutions/monash-university.md) | 11 |
| 3 | [University of Edinburgh](https://scholar4ai.com/institutions/university-of-edinburgh.md) | 11 |
| 4 | [University of Southampton](https://scholar4ai.com/institutions/university-of-southampton.md) | 11 |
| 5 | [Copenhagen Business School](https://scholar4ai.com/institutions/copenhagen-business-school.md) | 10 |
| 6 | [University of Pretoria](https://scholar4ai.com/institutions/university-of-pretoria.md) | 10 |
| 7 | [Brunel University of London](https://scholar4ai.com/institutions/brunel-university-of-london.md) | 9 |
| 8 | [Lebanese American University](https://scholar4ai.com/institutions/lebanese-american-university.md) | 9 |
| 9 | [Durham University](https://scholar4ai.com/institutions/durham-university.md) | 8 |
| 10 | [Erasmus University Rotterdam](https://scholar4ai.com/institutions/erasmus-university-rotterdam.md) | 8 |

*Countries with the most papers, since 2023*

| # | Country | Papers |
|---:|---|---:|
| 1 | United Kingdom | 175 |
| 2 | China | 126 |
| 3 | United States | 74 |
| 4 | Italy | 61 |
| 5 | Germany | 49 |
| 6 | Turkey | 47 |
| 7 | Australia | 46 |
| 8 | Spain | 45 |
| 9 | France | 32 |
| 10 | Netherlands | 28 |

*Keywords with the most papers, since 2023*

| # | Keyword | Papers |
|---:|---|---:|
| 1 | [COVID-19 pandemic](https://scholar4ai.com/keywords/covid-19-pandemic.md) | 67 |
| 2 | [emerging markets](https://scholar4ai.com/keywords/emerging-markets.md) | 40 |
| 3 | [systemic risk](https://scholar4ai.com/keywords/systemic-risk.md) | 31 |
| 4 | [Bitcoin](https://scholar4ai.com/keywords/bitcoin.md) | 24 |
| 5 | [Russian invasion of Ukraine](https://scholar4ai.com/keywords/russian-invasion-of-ukraine.md) | 24 |
| 6 | [financial stability](https://scholar4ai.com/keywords/financial-stability.md) | 24 |
| 7 | [portfolio diversification](https://scholar4ai.com/keywords/portfolio-diversification.md) | 24 |
| 8 | [abnormal returns](https://scholar4ai.com/keywords/abnormal-returns.md) | 23 |
| 9 | [portfolio optimization](https://scholar4ai.com/keywords/portfolio-optimization.md) | 23 |
| 10 | [stock returns](https://scholar4ai.com/keywords/stock-returns.md) | 23 |

## Most-cited papers

*Most-cited papers since 2017*

| # | Citations | Per month | Title | Journal | Published | Authors |
|---:|---:|---:|---|---|---|---|
| 1 | 138 | 7.2 | [A comprehensive review on financial explainable AI](https://doi.org/10.1007/s10462-024-11077-7) | [Artificial Intelligence Review](https://scholar4ai.com/journals/artificial-intelligence-review.md) | 2025-03-29 | Wei Jie Yeo, Wihan van der Heever, Rui Mao et al. |
| 2 | 120 | 3.5 | [Climate change exposure and cost of equity](https://doi.org/10.1016/j.eneco.2023.107288) | [Energy Economics](https://scholar4ai.com/journals/energy-economics.md) | 2024-01-04 | Oğuzhan Çepni, Ahmet Şensoy, Muhammed Hasan Yılmaz |
| 3 | 106 | 3.4 | [Climate policies and legislation for renewable energy transition: The roles of financial sector and political institutions](https://doi.org/10.1016/j.techfore.2024.123347) | [Technological Forecasting and Social Change](https://scholar4ai.com/journals/technological-forecasting-and-social-change.md) | 2024-03-23 | Anis Omri, Sami Ben Jabeur |
| 4 | 96 | 3.8 | [Machine learning in business and finance: a literature review and research opportunities](https://doi.org/10.1186/s40854-024-00629-z) | [Financial Innovation](https://scholar4ai.com/journals/financial-innovation.md) | 2024-09-18 | Hanyao Gao, Gang Kou, Haiming Liang et al. |
| 5 | 66 | 2.5 | [Connectedness and frequency connection among green bond, cryptocurrency and green energy-related metals around the COVID-19 outbreak](https://doi.org/10.1016/j.ribaf.2024.102547) | [Research in International Business and Finance](https://scholar4ai.com/journals/research-in-international-business-and-finance.md) | 2024-08-30 | Hongjun Zeng, Qingcheng Huang, Mohammad Zoynul Abedin et al. |

## Used together with

Papers use Marketization index (Fan Gang) most often with S&P 500 (250), Economic Policy Uncertainty index (136) and VIX (114); it has 126 partners in the code and data network, in the group around S&P 500, Economic Policy…, Compustat.

*What papers use Marketization index (Fan Gang) together with (at least 3 papers; lift 1 = chance)*

| Used with | Type | Papers using both | Lift |
|---|---|---:|---:|
| [S&P 500](https://scholar4ai.com/datasets/s-p-500.md) | Dataset | 250 | 7.8 |
| [Economic Policy Uncertainty index](https://scholar4ai.com/datasets/economic-policy-uncertainty-index.md) | Dataset | 136 | 4.1 |
| [VIX](https://scholar4ai.com/datasets/vix.md) | Dataset | 114 | 8.4 |
| [Euro Stoxx / DAX](https://scholar4ai.com/datasets/euro-stoxx-dax.md) | Dataset | 83 | 14.1 |
| [Refinitiv Datastream](https://scholar4ai.com/datasets/refinitiv-datastream.md) | Dataset | 81 | 15.5 |
| [MSCI indices](https://scholar4ai.com/datasets/msci-indices.md) | Dataset | 70 | 27.6 |
| [Twitter / X](https://scholar4ai.com/datasets/twitter-x.md) | Dataset | 66 | 1.1 |
| [CSMAR](https://scholar4ai.com/datasets/csmar.md) | Dataset | 64 | 10.4 |
| [CRSP](https://scholar4ai.com/datasets/crsp.md) | Dataset | 62 | 10.4 |
| [Refinitiv Eikon / LSEG Workspace](https://scholar4ai.com/datasets/refinitiv-eikon-lseg-workspace.md) | Dataset | 59 | 11.1 |
| [CSI 300 / Shanghai Composite](https://scholar4ai.com/datasets/csi-300-shanghai-composite.md) | Dataset | 56 | 13.3 |
| [FTSE indices](https://scholar4ai.com/datasets/ftse-indices.md) | Dataset | 55 | 13.7 |

The whole network: https://scholar4ai.com/code/network.md

## Papers

*Papers mentioning Marketization index (Fan Gang) in the last 30 days, newest first.*

| Date | Title | Journal | Authors | Affiliations |
|---|---|---|---|---|
| 2026-10-31 | [CEO power and stock price crash risk: moderating effect of environmental practices](https://doi.org/10.1007/s11156-026-01559-w) | [Review of Quantitative Finance and Accounting](https://scholar4ai.com/journals/review-of-quantitative-finance-and-accounting.md) | Hamad Aldawsari, Taufiq Choudhry, Muhammad Saad Baloch | Saudi Electronic University; University of Southampton |
| 2026-10-27 | [Macro-financial conditions and volatility connectedness across industrial and precious metal markets](https://doi.org/10.1016/j.iref.2026.105971) | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | Amelie Schischke, Andreas Rathgeber | University of Augsburg |
| 2026-10-27 | [Pledging patents for ESG: Evidence from China's listed companies](https://doi.org/10.1016/j.iref.2026.105987) | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | Ruoyu Zhu, Qipo Wang, Xiaohui Xin | Tsinghua University; Shandong University of Finance and Economics; Beijing Jiaotong University |
| 2026-10-26 | [Corporate green bonds and information asymmetry](https://doi.org/10.1016/j.irfa.2026.105473) | [International Review of Financial Analysis](https://scholar4ai.com/journals/international-review-of-financial-analysis.md) | Keller Martínez Solís | Instituto Tecnológico de Costa Rica |
| 2026-10-24 | [Programmable spreads: Indicators of financial conditions?](https://doi.org/10.1016/j.jfs.2026.101607) | [Journal of Financial Stability](https://scholar4ai.com/journals/journal-of-financial-stability.md) | Kwamie Dunbar, Eugene Yeboah, Victor Zhu | Worcester Polytechnic Institute |
| 2026-10-22 | [To what extent does weather influence stock market dynamics](https://doi.org/10.1016/j.jbef.2026.101271) | [Journal of Behavioral and Experimental Finance](https://scholar4ai.com/journals/journal-of-behavioral-and-experimental-finance.md) | Yiqi Wang, Ting Liu, Shaosong Wang | Macau University of Science and Technology |
| 2026-10-21 | [Net zero benchmarks and carbon transition risk: A multi-index performance analysis](https://doi.org/10.1016/j.iref.2026.105998) | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | Eyyüp Ensari Şahin | Niğde Ömer Halisdemir Üniversitesi |
| 2026-10-19 | [Sustainable portfolio optimization with four objectives: Assessing the role of diversification](https://doi.org/10.1016/j.orp.2026.100420) | [Operations Research Perspectives](https://scholar4ai.com/journals/operations-research-perspectives.md) | Ana Garcı́a-Bernabeu, Adolfo Hilario-Caballero, Francesca Luciani | Universitat Politècnica de València; Roma Tre University |
| 2026-10-15 | [Geopolitical risk spillovers among GCC stock markets, non-renewable energy, and gold: evidence from a quantile connectedness approach](https://doi.org/10.1007/s10258-026-00299-y) | [Portuguese Economic Journal](https://scholar4ai.com/journals/portuguese-economic-journal.md) | Nidhal Mgadmi, Fekria Belhouichet, Ştefan Cristian Gherghina et al. | University of Sfax; Faculty of Economics and Management of Sfax; Bucharest University of Economic Studies; … |
| 2026-10-15 | [Does entrepreneurship policy reform institutional conditions? Evidence from India’s Startup India programme](https://doi.org/10.1186/s43093-026-01023-0) | [Future Business Journal](https://scholar4ai.com/journals/future-business-journal.md) | Gourav Aggarwal, Smita Kashiramka | O. P. Jindal Global University; Indian Institute of Technology Delhi |
| 2026-10-14 | [Government-sourced categorical economic policy uncertainty](https://doi.org/10.1016/j.iref.2026.105966) | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | Khanh Cong Gia Hoang, Linh Pham, Thanh Ngo et al. |  |
| 2026-10-12 | [Towards Trustworthy Internal Due-Date Assignment in Manufacturing Systems: A Neutrosophic Neural Network-Based Approach](https://doi.org/10.1007/s12559-026-10666-8) | [Cognitive Computation](https://scholar4ai.com/journals/cognitive-computation.md) | Tin-Chih Toly Chen | National Yang Ming Chiao Tung University |
| 2026-10-06 | [Can the digital revolution drive green growth? —the internal mechanism of corporate digital and intelligent transformation and green total factor productivity](https://doi.org/10.1016/j.iref.2026.105955) | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | Siming Chen, Feichong Yue, Yaxi Qian et al. | Chinese Academy of Governance; Jilin University; Shanghai University of Political Science and Law; … |
| 2026-10-06 | [Silent partners no more: Wife's managerial involvement and corporate carbon emissions in Chinese family firms](https://doi.org/10.1016/j.iref.2026.105936) | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | Zhan Xu, Yetong Hao | Capital University of Economics and Business |
| 2026-10-06 | [Sentiment interactions in financial markets: Conditional volatility, feedback, and shock propagation](https://doi.org/10.1016/j.iref.2026.105946) | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | Md Tanvir Hasan | University of Dhaka; University of Glasgow |
| 2026-10-06 | [Bayesian modelling of clustered extreme events using a nonparametric Hawkes process](https://doi.org/10.1007/s11222-026-10981-y) | [Statistics and Computing](https://scholar4ai.com/journals/statistics-and-computing.md) | Gordon J. Ross, Dean Markwick | University of Edinburgh; University College London |

## Cite this page

Scholar4AI. (2026). Marketization index (Fan Gang). Journal and Conference Research Rankings. Retrieved November 4, 2026, from https://scholar4ai.com/datasets/marketization-index-fan-gang

```bibtex
@misc{scholar4ai-datasets-marketization-index-fan-gang,
  author = {{Scholar4AI}},
  title = {Marketization index (Fan Gang)},
  year = {2026},
  howpublished = {\url{https://scholar4ai.com/datasets/marketization-index-fan-gang}},
  urldate = {2026-11-04},
  note = {Journal and Conference Research Rankings; data from OpenAlex (CC0); licensed CC BY-NC 4.0}
}
```

License: CC BY-NC 4.0 (https://creativecommons.org/licenses/by-nc/4.0/).