IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-09-13 DOI: 10.1016/j.jebo.2025.107248

Victor I. Espinosa , Antonia Pino

引用次数: 0

Structural evolution of industry association networks in Chinese stock market under major event shocks: A comparative analysis of two crises based on partial Granger causal networks 重大事件冲击下中国股市行业协会网络的结构演化——基于部分格兰杰因果网络的两次危机比较分析

IF 9.8 1区经济学

International Review of Financial Analysis Pub Date : 2025-09-13 DOI: 10.1016/j.irfa.2025.104572

Can-Zhong Yao, Yan-Li Li

{"title":"Structural evolution of industry association networks in Chinese stock market under major event shocks: A comparative analysis of two crises based on partial Granger causal networks","authors":"Can-Zhong Yao, Yan-Li Li","doi":"10.1016/j.irfa.2025.104572","DOIUrl":"10.1016/j.irfa.2025.104572","url":null,"abstract":"<div><div>Based on the inter-industry partial Granger causality network model, this study explores the dynamic impact mechanisms and risk transmission patterns of major events on industry associations in the Chinese stock market. A comparative analysis of data from the 2015 stock market crash and the two phases of the COVID-19 pandemic reveals three key findings. First, market vulnerability exhibits significant heterogeneity during crises. During the 2015 stock market crash, industry network density declined, and centrality shifted from the financial sector to defensive industries. In contrast, during the pandemic, an information hub network emerged, with computers and non-banking financials at its core, highlighting the technology sector’s resource control capacity during crises. Second, the risk transmission path underwent a structural shift. Outward correlation analysis shows that the real estate industry chain benefited from counter-cyclical control policies following the stock market crash, while the influence of the electronics industry surged during the pandemic. Meanwhile, inward intensity analysis identifies the automobile industry as the largest risk recipient in both crises. Finally, network stability weakened significantly. Motif analysis comparing pre-crisis and during-crisis periods reveals that all five key triadic and quadratic structures declined by 38.5% and 49.6%, respectively, with feedback loop motifs experiencing the largest reduction. This confirms that major events amplify market vulnerability by weakening causal linkages. These findings provide new evidence on network dynamics, offering valuable insights into the domino effect of extreme events in capital markets.</div></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":"107 ","pages":"Article 104572"},"PeriodicalIF":9.8,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145057393","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

Home–neighbourhood: A material–affective infrastructure for the creative city 家-邻里：创意城市的物质-情感基础设施

IF 4.7 1区经济学

Urban Studies Pub Date : 2025-09-13 DOI: 10.1177/00420980251363793

Nicole T Cook, Pauline McGuirk, Chris Gibson, Peta Wolifson, Chris Brennan-Horley, Andrew Warren

{"title":"Home–neighbourhood: A material–affective infrastructure for the creative city","authors":"Nicole T Cook, Pauline McGuirk, Chris Gibson, Peta Wolifson, Chris Brennan-Horley, Andrew Warren","doi":"10.1177/00420980251363793","DOIUrl":"https://doi.org/10.1177/00420980251363793","url":null,"abstract":"Debates on the relationship between urban spaces and creative industries have traversed multiple dimensions and spatialities. Yet, with some notable exceptions, analytical focus rarely lands on domestic space. This article engages with the domestic geographies of creative work in the city to explore the growing centrality of home both as a locus for this work and as material–affective infrastructure sustaining creative production. Drawing on longitudinal research with musicians in Sydney, Australia, we use the lens of creative practitioners’ experience through COVID-19 – wherein home and neighbourhood were necessarily centred – to unpack the intensification of home’s importance to creative work. The article explores how home, understood relationally as encompassing home–neighbourhood, plays a pivotal role as an informal, low-risk and supportive creative production space. Relational spaces of home – enrolling kitchens, bedrooms, home studios and gardens, as well as nearby local venues and scenes in the self-reinforcing affects of creative collaboration and performance – provide vital material–affective infrastructure for the process of collaborative creativity. Participants revealed the geographies of ‘creative homes in creative neighbourhoods’ fashioned via the self-intensifying affects of levity, appreciation and sociality, enabling and supporting ongoing creation. Home–neighbourhoods were central to worlds of creative work, intensified by COVID-19’s tempering effect alongside digitalisation, assetification and financialisation. Foregrounding the intertwining of neoliberal urbanism, housing (in)security and creative work, we conceptualise home–neighbourhood in relation to the emerging geographies of hybrid and home-supported work, with key implications for urban cultural and housing policy.","PeriodicalId":51350,"journal":{"name":"Urban Studies","volume":"24 1","pages":""},"PeriodicalIF":4.7,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145072514","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

Urbanization and social change in rural India 印度农村的城市化和社会变革

IF 4.7 1区经济学

Urban Studies Pub Date : 2025-09-13 DOI: 10.1177/00420980251364677

Jan Nijman, Robbin Jan van Duijne, Chetan Choithani

{"title":"Urbanization and social change in rural India","authors":"Jan Nijman, Robbin Jan van Duijne, Chetan Choithani","doi":"10.1177/00420980251364677","DOIUrl":"https://doi.org/10.1177/00420980251364677","url":null,"abstract":"A major social transformation is reshaping rural India. New processes of urbanization are marked by steep declines in agricultural jobs, the restructuring of local economies, changing livelihoods, and the emergence of new forms of permanent circular labor migration. Our research suggests that this transformation has important social ramifications for household dynamics and class structures. We conducted a comprehensive geospatial analysis across 600,000 villages to illuminate the extensive spatial patterns of this transformation. Additionally, we collected primary data from two case-study sites in Bihar and West Bengal. Our findings indicate trends toward smaller household sizes and increased complexity in extended family organization, shifting the roles of women within households, and either a continuation (and possibly deepening) of class disparities or an upending of existing class structures. These observations deviate markedly from what is postulated in conventional Western urban theory, and they may be relevant to the urbanizing experiences of other parts of the Global South. In India alone, this transformation is affecting the livelihoods and well-being of hundreds of millions of people.","PeriodicalId":51350,"journal":{"name":"Urban Studies","volume":"82 1","pages":""},"PeriodicalIF":4.7,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145072518","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

Formation of biodiversity restoration payment acceptance: A review from socio-psychological and experimental economic perspectives 生物多样性恢复支付接受的形成：从社会心理学和实验经济学的角度回顾

IF 6.3 2区经济学

Ecological Economics Pub Date : 2025-09-13 DOI: 10.1016/j.ecolecon.2025.108793

Mimi Salminah , Adam Loch , Thomas A.A. Prowse , Patrick J. O'Connor

{"title":"Formation of biodiversity restoration payment acceptance: A review from socio-psychological and experimental economic perspectives","authors":"Mimi Salminah , Adam Loch , Thomas A.A. Prowse , Patrick J. O'Connor","doi":"10.1016/j.ecolecon.2025.108793","DOIUrl":"10.1016/j.ecolecon.2025.108793","url":null,"abstract":"<div><div>A lack of ecosystem service valuation and limitations in individuals' willingness to pay for ecosystem services might be addressed with socio-psychological perspectives, particularly one that adjusts the rational utility concept. However, a change to socio-psychological perspectives first requires the identification of the mechanisms through which factors interact with each other to ultimately shape preferences for environmental goods/services. But what drives the desire to fund positive change remains unclear. To address this, we explored literature on the socio-psychological drivers of public citizen and private landholder biodiversity restoration and payment preferences. Our investigations reveal that interactions between environmental, economic and socio-psychological factors influence individual biodiversity restoration and payment preferences. Consequently, literature search terms were expanded to behavioural economic studies to better inform future ecosystem service policy interventions. By synthesizing the two sets of evidence we theorise a framework that can be used to examine how stimulus packages, socio-psychological, economic, and socio-demographic factors interplay with cognitive processes to form public citizen and private landholder preferences. The framework aims to help policy makers and practitioners understand the drivers and mechanisms of preference formation and potentially increase funding, which is a key step towards designing appropriate interventions for increased contribution to sustained biodiversity restoration efforts.</div></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":"239 ","pages":"Article 108793"},"PeriodicalIF":6.3,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145048373","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

“What has become a burden in rental housing? Workplace location, neighbourhood and housing environment on household rental burden” “什么成了租赁住房的负担？工作地点、邻里及居住环境对住户租金负担的影响

IF 7 1区经济学

Habitat International Pub Date : 2025-09-13 DOI: 10.1016/j.habitatint.2025.103576

Man Tsun Wong, Yik Wa Law

{"title":"“What has become a burden in rental housing? Workplace location, neighbourhood and housing environment on household rental burden”","authors":"Man Tsun Wong, Yik Wa Law","doi":"10.1016/j.habitatint.2025.103576","DOIUrl":"10.1016/j.habitatint.2025.103576","url":null,"abstract":"<div><div>The escalating severity of housing affordability issues has compelled households to make compromises across various life domains in order to maintain a manageable rental burden. However, the dynamics between household factors and rental burden have not been thoroughly explored, and it remains unclear which factors most significantly affect rental burden, particularly among those experiencing disproportionately high burdens. This study employs a multi-level model using a census sample dataset (<em>n</em> = 20047) and geospatial data from Hong Kong to explore the effects of workplace location, neighbourhood and housing environment on rental burden. The analysis compares these effects across households with varying levels of rental burden. This study reveals that workplace location, housing features, and neighbourhood environments have differentiated impacts on rental burdens among households in a high-rent, dense urban context. The results uncover a novel positive association between remote working and rental burden among high-burden households—contrasting with a negative association for their lower-burden counterparts—highlighting an emerging dynamic in housing affordability shaped by evolving remote work patterns. Additionally, the findings show that high-burden households lack flexibility to accommodate additional dependents, exposing a “housing squeeze” that constrains family formation and intergenerational care. Mobility and connectivity are found to be vital for households under financial strain, suggesting that investments in transportation infrastructure could help mitigate some affordability pressures by broadening access to jobs and services.</div></div>","PeriodicalId":48376,"journal":{"name":"Habitat International","volume":"166 ","pages":"Article 103576"},"PeriodicalIF":7.0,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145050010","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

Measuring the poverty effects of a carbon tax on mobility – But how? 衡量碳税对流动性的贫困影响——但如何衡量？

IF 6.3 2区经济学

Ecological Economics Pub Date : 2025-09-13 DOI: 10.1016/j.ecolecon.2025.108788

Daniel Rueb

{"title":"Measuring the poverty effects of a carbon tax on mobility – But how?","authors":"Daniel Rueb","doi":"10.1016/j.ecolecon.2025.108788","DOIUrl":"10.1016/j.ecolecon.2025.108788","url":null,"abstract":"<div><div>The distributional effects of climate mitigation policies are a major determinant of political feasibility. While prior research has addressed inequality, this paper contributes to the limited literature on poverty effects of carbon taxation, specifically for transport fuels. Transportation is currently the UK's highest-emitting sector and has made the least progress in reducing emissions. As a result, the UK government's Transport Decarbonisation Plan (TDP) sets the goal of achieving net zero emissions in the sector by 2050, making carbon pricing a central policy instrument. Yet, the policy raises concerns about regressive effects. Therefore, this paper analyzes the poverty effects of a carbon tax on transport fuels in the UK using household-level data. The analysis applies variants of a lump-sum refund, and based on the resulting income distributions, different poverty measures are computed. The paper advances standard poverty measurement methods using axiomatic analysis and does not rely on representative households. The inclusion of direct and indirect price effects—capturing price changes for the taxed good as well as for other goods where it serves as an intermediate input—through input–output analysis further aids a comprehensive assessment of overall distributional effects. I find that, contrary to popular belief, a higher lump-sum refund for disproportionately burdened rural households does not improve poverty levels significantly compared to a uniform refund. Yet, a dual-aspect lump-sum refund considering both rural–urban status and lower income brackets leads to lower poverty levels compared to the baseline scenario without a tax.</div></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":"239 ","pages":"Article 108788"},"PeriodicalIF":6.3,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145048372","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

Rising housing prices and foreign-invested enterprise inflows in Chinese cities: The role of urban innovation 中国城市房价上涨与外资企业流入：城市创新的作用

IF 7 1区经济学

Habitat International Pub Date : 2025-09-13 DOI: 10.1016/j.habitatint.2025.103570

Yuhang Mai

{"title":"Rising housing prices and foreign-invested enterprise inflows in Chinese cities: The role of urban innovation","authors":"Yuhang Mai","doi":"10.1016/j.habitatint.2025.103570","DOIUrl":"10.1016/j.habitatint.2025.103570","url":null,"abstract":"<div><div>In the context of rapidly developing Chinese cities, I investigate the intricate relationship between rising housing prices and foreign-invested enterprise (FIE) inflows across 248 cities. Contrary to simplistic views that regard housing price hikes as merely detrimental, this study posits that they function as a double-edged sword, potentially enhancing urban innovation and thereby shaping FIE location decisions. By conducting empirical analysis based on panel data from 2000 to 2022 and a series of robustness checks, I find that a 1 % increase in housing prices leads to a 1.6 % increase in FIE inflows. Notably, there exist heterogeneities: technology- and capital-intensive FIEs exhibit positive elasticity to housing price growth, whereas labor-intensive FIEs show negative elasticity. These divergent effects become increasingly pronounced as cities’ development levels rise. To unravel the transmission mechanisms, my channel analysis reveals that rising housing prices drive urban innovation through spatial sorting of talent and innovative enterprises. This, in turn, serves as a magnet for FIEs. Specifically, in developed cities, this dynamic attracts technology- and capital-intensive FIEs, while simultaneously displacing labor-intensive FIEs to less developed regions. I also offer practical policy thresholds through threshold regression. Less developed cities aiming to attract labor-intensive FIEs should maintain housing prices below 7197 CNY/m<sup>2</sup>. Conversely, developed cities seeking to draw technology- and capital-intensive FIEs can optimize innovation-related benefits when prices reach 18,674 CNY/m<sup>2</sup>. Overall, my findings provide nuanced insights for regions to strike a balance between housing price regulation and formulating targeted policies to attract foreign investment, taking into account the heterogeneous nature of FIEs and urban development stages.</div></div>","PeriodicalId":48376,"journal":{"name":"Habitat International","volume":"166 ","pages":"Article 103570"},"PeriodicalIF":7.0,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145050009","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

Understanding the nonlinear trade-off relationship to optimize urban-rural ecosystem services: a case study in arid and semi-arid region, China 基于非线性权衡关系的城乡生态系统服务优化研究——以中国干旱半干旱区为例

IF 7 1区经济学

Habitat International Pub Date : 2025-09-13 DOI: 10.1016/j.habitatint.2025.103567

Lihan Cui , Sheng Zheng , Yufang Jin , Zhen Shen , Xinyu Dong , Min Xu

{"title":"Understanding the nonlinear trade-off relationship to optimize urban-rural ecosystem services: a case study in arid and semi-arid region, China","authors":"Lihan Cui , Sheng Zheng , Yufang Jin , Zhen Shen , Xinyu Dong , Min Xu","doi":"10.1016/j.habitatint.2025.103567","DOIUrl":"10.1016/j.habitatint.2025.103567","url":null,"abstract":"<div><div>In arid and semi-arid regions, the potential for ecosystem service trade-offs creates challenges for sustainable ecosystem management due to the spatially varying ecological characteristics along the urban-rural gradient. However, the nonlinear dynamics of these trade-offs remain poorly understood. In this study, five key ecosystem services were assessed—carbon sequestration, food production, water yield, soil retention, and windbreak and sand fixation, using remote sensing inversion and ecosystem assessment models. The production possibility frontier (PPF) framework was introduced to systematically examine the heterogeneity in nonlinear trade-off relationships across urban, urban-rural fringe, and rural areas in Inner Mongolia from 2000 to 2019. The results showed that all ecosystem services increased to varying degrees, while five out of ten pairs of ecosystem services exhibited significant trade-offs. The highest trade-off intensity occurred between soil retention and windbreak and sand fixation service, with values of 0.52 in rural area and 0.64 in the urban-rural fringe. Notably, trade-off relationships and intensities varied across spatial contexts and the strongest trade-off intensity observed in urban-rural fringe areas. Our study introduces a novel PPF-based framework to explicate heterogeneous nonlinear trade-off relationships along the urban–rural gradient and underscores the significance for targeted policy interventions adapt to these spatial differences in arid and semi-arid regions, thereby advancing theoretical insights for coordinating urban–rural development globally.</div></div>","PeriodicalId":48376,"journal":{"name":"Habitat International","volume":"166 ","pages":"Article 103567"},"PeriodicalIF":7.0,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145050011","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

Intelligent Pathway: Artificial Intelligence and the Path to Energy Sustainability 智能路径：人工智能与能源可持续发展之路

IF 2.1 3区经济学

Growth and Change Pub Date : 2025-09-13 DOI: 10.1111/grow.70050

Zhiyuan Gao, Mengwen Hua, Ziying Jia, Lianqing Li, Yu Hao

{"title":"Intelligent Pathway: Artificial Intelligence and the Path to Energy Sustainability","authors":"Zhiyuan Gao, Mengwen Hua, Ziying Jia, Lianqing Li, Yu Hao","doi":"10.1111/grow.70050","DOIUrl":"https://doi.org/10.1111/grow.70050","url":null,"abstract":"<div>\u0000 \u0000 <p>As artificial intelligence (AI) becomes increasingly integrated into economic and societal domains, it emerges as a pivotal force driving the shift toward low-carbon energy systems. This study examines how AI impacts the transformation of urban energy systems by utilizing a panel dataset comprising 278 Chinese spanning the years 2010–2019. The findings confirm that AI significantly enhances energy transition performance in urban settings. By precisely optimizing the integration and consumption of renewable energy, driving the energy efficiency revolution, and breaking the dependence on high-carbon energy development models, as well as enhancing grid resilience and ensuring energy supply security to overcome the vulnerabilities of the energy transition, AI also strengthens the innovation capacity of energy transition through accelerating technological breakthroughs and incubating new business models. Heterogeneity analysis reveals that AI better facilitates energy transition in those cities that are small and medium in size, cities with a solid industrial base, cities with a high level of economic clustering, and cities located in central and eastern China. Mechanism tests show that during AI-enabled transition processes, green technology innovation, human–machine compatibility, and energy efficiency play significant roles. Further analysis using a threshold model reveals that as electronic commerce, human capital, and business growth increase, AI's marginal effects on energy transition exhibit an incremental trend. This implies that improving digital infrastructure, raising human capital levels, and boosting economic growth are pathways to realizing the transformative effects of AI. This study assesses AI technology's effectiveness in promoting energy sustainability and high-quality development goals.</p>\u0000 </div>","PeriodicalId":47545,"journal":{"name":"Growth and Change","volume":"56 4","pages":""},"PeriodicalIF":2.1,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145038359","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

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