IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2024-11-16 DOI: 10.1016/j.jebo.2024.106811

Marco Amendola , Marcelo C. Pereira

{"title":"State-dependent impulse responses in agent-based models: A new methodology and an economic application","authors":"Marco Amendola , Marcelo C. Pereira","doi":"10.1016/j.jebo.2024.106811","DOIUrl":"10.1016/j.jebo.2024.106811","url":null,"abstract":"<div><div>The paper delves into the potential of Agent-Based Models (ABM) in analysing phenomena characterized by the non-linear propagation of shocks and system dynamics. Recognizing that state dependency can naturally emerge in complex evolving systems, we present a new methodological framework to evaluate state-dependent (or non-linear) impulse response functions in an ABM setting. Inspired by threshold time series modelling approaches, we propose analysing state-dependent impulse responses by creating alternative controlled states of the system, from which randomized impulse responses can be computed. Furthermore, a data-driven, machine-learning algorithm is proposed to endogenously identify relevant system states for the observed response. To the best of our knowledge, this is the first time such an approach is advanced. An R library implementing all the required methods is also offered to ensure applicability in diverse fields. Finally, the methodology is applied in economics to test for monetary policy shocks in a reference macro ABM, highlighting its effectiveness in mapping the system impulse response to the identified key state variables, as well as showing the importance of state dependence for policy design and systematic identification of critical system states.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"229 ","pages":"Article 106811"},"PeriodicalIF":2.3,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142659288","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

What do aid recipients want? Public attitudes toward foreign aid in developing countries 受援国想要什么？发展中国家公众对外国援助的态度

IF 5.4 1区经济学

World Development Pub Date : 2024-11-16 DOI: 10.1016/j.worlddev.2024.106815

Sung Eun Kim , Jong Hee Park , Inbok Rhee , Joonseok Yang

引用次数: 0

Development agendas governing the common good – Unfolding planning approaches: A case study of Vantaa, Finland 管理共同利益的发展议程 - 展开规划方法：芬兰万塔案例研究

IF 6 1区经济学

Cities Pub Date : 2024-11-16 DOI: 10.1016/j.cities.2024.105581

Mari Jaakonaho , Zinette Bergman

引用次数: 0

Who truly bears (bank) taxes? Evidence from only shifting statutory incidence 谁真正承担了（银行）税收？仅转移法定发生率的证据

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2024-11-16 DOI: 10.1016/j.jpubeco.2024.105173

Gabriel Jiménez , David Martinez-Miera , José-Luis Peydró

引用次数: 0

Reinvestigating the impact of natural resource rents on carbon emissions: Novel insights from geopolitical risks and economic complexity 重新研究自然资源租金对碳排放的影响：地缘政治风险和经济复杂性的新见解

IF 10.2 2区经济学

Resources Policy Pub Date : 2024-11-16 DOI: 10.1016/j.resourpol.2024.105400

Qiang Wang, Fuyu Zhang, Rongrong Li, Siqi Zhang

{"title":"Reinvestigating the impact of natural resource rents on carbon emissions: Novel insights from geopolitical risks and economic complexity","authors":"Qiang Wang, Fuyu Zhang, Rongrong Li, Siqi Zhang","doi":"10.1016/j.resourpol.2024.105400","DOIUrl":"10.1016/j.resourpol.2024.105400","url":null,"abstract":"<div><div>Understanding the relationship between natural resource rents and carbon emissions is crucial for achieving a balance between economic development and environmental sustainability. This study reinvestigates the impact of natural resource rents on carbon emissions and explores the threshold effects of geopolitical risks and economic complexity, aiming to provide a more comprehensive understanding of their relationship. Based on an empirical analysis of panel data from 38 countries between 1995 and 2021, the conclusions are as follows. (i) The panel ARDL estimation results reveal that natural resource rents increase carbon emissions over the long term, with this finding remaining robust after addressing endogeneity. (ii) The DPTR model results indicate that natural resource rents have a non-linear impact on carbon emissions, shaped by geopolitical risks and economic complexity. As geopolitical risks escalate, the effect of resource rents on carbon emissions shifts from a reduction to an increase. On the contrary, rising economic complexity reverses this impact, causing natural resource rents to reduce carbon emissions. (iii) Heterogeneity analysis results demonstrate that only the impact of oil and natural gas rents on carbon emissions is affected by high geopolitical risks. Additionally, in contexts of high economic complexity, oil, natural gas, and forest rents help reduce carbon emissions, while coal and mineral rents have a negative impact. Finally, policy implications for global resource management and environmental sustainability that combine geopolitical risk and economic complexity are proposed.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105400"},"PeriodicalIF":10.2,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142658086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The spatial dynamics of financial expenditure on science and technology in Chinese cities: Financial capacity and government competition 中国城市财政科技支出的空间动态：财政能力与政府竞争

IF 6 1区经济学

Cities Pub Date : 2024-11-16 DOI: 10.1016/j.cities.2024.105584

Yonglong Cai , Di Yan , Wenhui Li , Song Liu

{"title":"The spatial dynamics of financial expenditure on science and technology in Chinese cities: Financial capacity and government competition","authors":"Yonglong Cai , Di Yan , Wenhui Li , Song Liu","doi":"10.1016/j.cities.2024.105584","DOIUrl":"10.1016/j.cities.2024.105584","url":null,"abstract":"<div><div>Current research tends to concentrate on total financial expenditure, rather than analyzing specific expenditures such as financial expenditure on science and technology (FEST). FEST become an important component of financial expenditure and is still under researched, which little is known about the key factors that have shaped the geographies of FEST at the city level. In this paper, we portray the spatial dynamics of FEST in Chinese cities, and examine the ways in which it is intertwined with institutional, political and economic factors. Our analysis shows that the national FEST scale has experienced a substantial rise in light of the Chinese government's emphasis on science and technology. Local governments spend more FEST scale than central government, but the spatial dynamic of local FEST are geographically uneven. Cities in underdeveloped and developed areas are also continuously increasing the FEST scale. Compared with prefecture-level cities, higher administrative cities spent more financial funds on science and technology. The spatial variation of FEST could be partly explained by two institutional factors: Financial capacity and government competition. Financial capacity is a key factor explaining the uneven spatial dynamics of FEST. Local governments with sufficient financial funds are more inclined to increase the FEST. Government competition will further inspire local governments to increase more FEST scale. Regression results confirm that financial capacity and government competition are both important to explain the geographies of FEST, and the effects of financial capacity and government competition on FEST exhibits time heterogeneity. We argue that ruinous government competition bids fair to become a quagmire of excessive FEST, which may run counter to the goal of demanding strictly controlling excessive financial investment in competitive fields proposed by the State Council.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"156 ","pages":"Article 105584"},"PeriodicalIF":6.0,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142657749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Aspirational utility and investment behavior 期望效用和投资行为

IF 10.4 1区经济学

Journal of Financial Economics Pub Date : 2024-11-16 DOI: 10.1016/j.jfineco.2024.103970

Andreas Aristidou , Aleksandar Giga , Suk Lee , Fernando Zapatero

引用次数: 0

How to increase and sustain cooperation in public goods games: Conditional commitments via a mediator 如何在公共产品博弈中增加并维持合作：通过调解人做出有条件承诺

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2024-11-16 DOI: 10.1016/j.jebo.2024.106789

Mehmet Y. Gürdal , Özgür Gürerk , Yeliz Kaçamak , Edip Kart

{"title":"How to increase and sustain cooperation in public goods games: Conditional commitments via a mediator","authors":"Mehmet Y. Gürdal , Özgür Gürerk , Yeliz Kaçamak , Edip Kart","doi":"10.1016/j.jebo.2024.106789","DOIUrl":"10.1016/j.jebo.2024.106789","url":null,"abstract":"<div><div>Conditional commitment devices, such as price-matching guarantees, legal agreements, and smart contracts, can significantly enhance cooperation and improve outcomes in various scenarios. Despite their potential, empirical evidence of their effectiveness in the context of public goods is limited. This paper addresses this gap by demonstrating that conditional and binding commitments can indeed increase voluntary contributions to public goods. We begin by theoretically analyzing the impact of conditional commitments managed by a mediator on public good contributions. Our analysis shows that conditional commitments can be structured to achieve a Pareto Optimal Nash Equilibrium (PONE). We then validate our theoretical findings with laboratory experiments. The results reveal that when a PONE exists, nearly all participant groups adopt conditional commitments and achieve high levels of sustained cooperation. Conversely, when conditional commitments lead to socially inefficient outcomes, their use declines and cooperation levels drop significantly.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"228 ","pages":"Article 106789"},"PeriodicalIF":2.3,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142661795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Strategic emerging enterprises drive city-level carbon emission efficiency in China 战略性新兴企业推动中国城市碳排放效率的提高

IF 6 1区经济学

Cities Pub Date : 2024-11-16 DOI: 10.1016/j.cities.2024.105585

Muxin Liu , Hailin Lan , Xi Liang , Jiaqi Chen , Yi Wu

{"title":"Strategic emerging enterprises drive city-level carbon emission efficiency in China","authors":"Muxin Liu , Hailin Lan , Xi Liang , Jiaqi Chen , Yi Wu","doi":"10.1016/j.cities.2024.105585","DOIUrl":"10.1016/j.cities.2024.105585","url":null,"abstract":"<div><div>Given the substantial economic and environmental challenges faced by global cities, enhancing carbon emission efficiency at the city level is critical for achieving urban carbon neutrality. In this context, strategic emerging enterprises play a dual role, not only driving economic expansion but also acting as catalysts for environmental sustainability. By analyzing time series data from 2013 to 2022, covering 1805 listed companies in 30 provinces and 293 cities across China, this study explores the relationship between the growth of strategic emerging enterprises and carbon emission efficiency at both the city and regional levels. The findings show a positive spatial correlation between the expansion of these enterprises and increased carbon emission efficiency, with clear spillover effects across neighboring regions. Specifically, 1 % increase in carbon emission efficiency in one city or province leads to corresponding increases of 0.168 % and 0.187 % in surrounding areas. Furthermore, the results reveal a “U-shaped” nonlinear relationship between strategic emerging enterprise growth and carbon emission efficiency, where efficiency initially declines before improving. These results underscore the critical importance of balancing economic expansion with decarbonization objectives at the city level, offering valuable insights for shaping city-focused carbon reduction strategies across sub-national regions.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"156 ","pages":"Article 105585"},"PeriodicalIF":6.0,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142657748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Local favoritism in China's public procurement: Information frictions or incentive distortion? 中国政府采购中的地方偏袒：信息摩擦还是激励扭曲？

IF 5.7 1区经济学

Journal of Urban Economics Pub Date : 2024-11-16 DOI: 10.1016/j.jue.2024.103716

Wei TANG , Yuan WANG , Jiameng WU

引用次数: 0

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