经济学最新文献

{"title":"Airports and regional development: the expansion of the Norwegian air network, 1950–2019","authors":"Jørn Rattsø, Nicholas Sheard","doi":"10.1093/jeg/lbae044","DOIUrl":"https://doi.org/10.1093/jeg/lbae044","url":null,"abstract":"This article studies how airports affect regional growth in population and employment, considering heterogeneity in the circumstances of an airport’s opening. We use synthetic controls with staggered adoption and data on the whole airport system in Norway for 1950–2019. We find positive overall effects of airports on population and employment growth. Addressing heterogeneity, we find relatively strong effects of airports opened in the 1950s, more distant from other airports, with longer runways, or with links to major cities. We also find stronger growth if an airport is opened in a region with a university, college, or hospital.","PeriodicalId":48251,"journal":{"name":"Journal of Economic Geography","volume":"7 1","pages":""},"PeriodicalIF":2.9,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142645896","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}

{"title":"Effect simulation and local adaptation of multi-agent collaborative governance in marine eco-economic systems: Evidence from China","authors":"Lehua Gao ,&nbsp;Kun Gao ,&nbsp;Wenwen Sun ,&nbsp;Yue Zhang ,&nbsp;Runping Zhang ,&nbsp;Longxuan Zhang","doi":"10.1016/j.ecolecon.2024.108451","DOIUrl":"10.1016/j.ecolecon.2024.108451","url":null,"abstract":"<div><div>The government's unitary management of marine eco-economic systems has several drawbacks, underscoring the urgency of exploring the effectiveness and feasibility of a multi-agent collaborative governance model. In this study, we developed a simulation model based on statistical and survey data to examine the effectiveness of multi-agent collaborative governance in marine eco-economic systems. Using the data simulation function of system dynamics (SD) Vensim PLE, we verified the input parameters, income variables, behavior probability, and governance outcomes for five types of stakeholders in marine governance, finding that: (1) In a multi-agent the governance framework, arbitrarily increasing the participation probability of one stakeholder type tends to lead to the involvement of two or more types. This leads to the establishment of a compact multi-agent collaborative governance model, significantly enhancing both participation and fairness of governance compared to the traditional government-centric model. (2) Regardless of which parameter is optimized, the multi-agent collaborative governance model can improve the performance of marine eco-economic systems. This governance model is more conducive to the coordinated, healthy, and sustainable development of marine eco-economic system. (3) By calculating the degree of alignment between stakeholders (central government, local government, sea-related producers, sea-related consumers, and coastal communities) across 11 coastal provinces and cities in China, this study identified one or more types of multi-agent collaborative governance models, proving the feasibility of this approach. (4) While collaborative governance models led by five different entities have their unique advantages and disadvantages, further strengthening relationships and cooperation among these stakeholders is essential for advancing the maturity and effectiveness of the multi-agent governance model.</div></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":"228 ","pages":"Article 108451"},"PeriodicalIF":6.6,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142659364","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}

{"title":"Does provincial gambling culture affect corporate innovation? Evidence from China","authors":"Jing Hao ,&nbsp;Yue Lu ,&nbsp;Jing Zhang ,&nbsp;Hengyu Bai ,&nbsp;Ji  (George) Wu","doi":"10.1016/j.jebo.2024.106810","DOIUrl":"10.1016/j.jebo.2024.106810","url":null,"abstract":"<div><div>We examine the impact of provincial gambling culture on the local firms’ R&amp;D expenditure. We find that local gambling culture, measured by the regional lottery sales revenue per capita, promotes local firms’ R&amp;D expenditure. Further tests show that provincial gambling culture produces more innovation outcomes and results in high innovation quality in the long run. Our result is robust to endogeneity corrections using the instrumental variable and PSM-DiD approaches and controlling for firm fixed effects. The mechanism tests reveal that our main finding works through two channels to increase local firms’ risk-taking: hiring young CEOs and using more equity. In addition, we rule out the impact of neighbouring regional gambling culture on the local firms’ R&amp;D investments by using geographic RDD analysis. Finally, our results are more pronounced for firms in provinces with high levels of social trustworthiness, more young ageing populations, and non-SOEs.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"228 ","pages":"Article 106810"},"PeriodicalIF":2.3,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142661801","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}

{"title":"Causality, Connectedness, and Volatility pass-through among Energy-Metal-Stock-Carbon Markets: New Evidence from the EU","authors":"Parisa Pakrooh ,&nbsp;Matteo Manera","doi":"10.1016/j.resourpol.2024.105408","DOIUrl":"10.1016/j.resourpol.2024.105408","url":null,"abstract":"<div><div>The EU carbon market serves as an innovative financial instrument with the primary objective of contributing to mitigating the impacts of climate change. This market demonstrates significant interconnectedness with fossil energy, precious metal, and financial markets, although limited research has focused on the causality, dependency, intensity and direction of time-varying spillover effects. This study examines how the energy, metal, and financial markets have an impact on the EU carbon market. It focuses on three main research questions, namely: 1) how do these markets affect each other?; 2) how do they connect?; 3) how do volatilities spillover among them? By answering these questions, the study aims to assist EU decision makers to develop effective carbon policies, help investors manage risks and promote practices that are consistent with the EU's climate goal. To achieve these objectives, this paper proposes a novel methodological approach that combines the most recent econometrics methods, such as Directed Acyclic Graph analysis, Canonical Vine Copula models, and Time-Varying parameter Vector Auto Regressive models with Stochastic Volatility with the use of a comprehensive sample of daily data from April 26, 2005 to December 31, 2022. The major findings of this study demonstrate that causality predominantly runs from energy, metal, and financial markets to the EU carbon market. The dependency structure, although varying across different sub-periods, shows a strong relationship observed between oil, coal, silver, copper, EuroStoxx600, and <span><math><mrow><msub><mtext>CO</mtext><mrow><mn>2</mn><mspace></mspace></mrow></msub></mrow></math></span> market. Additionally, the oil and copper futures prices exhibit the highest dependence on EUA prices. Furthermore, the study establishes that the EU carbon market is a net receiver of shocks from all other markets, with the energy, metal, and financial markets significantly influencing volatility in EUA prices. The time-varying spillover effect is most pronounced with a one-day lag, and the duration of the spillover effects ranges from 2 to 15 days, gradually diminishing over time. These results have the potential to increase the understanding of the EU carbon market and offer practical guidance for policymakers, investors, and companies involved in this domain.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105408"},"PeriodicalIF":10.2,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142658085","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Restoring property rights: The effects of land restitution on credit access","authors":"Francesco Bogliacino ,&nbsp;Christian Posso ,&nbsp;Marta Juanita Villaveces","doi":"10.1016/j.worlddev.2024.106830","DOIUrl":"10.1016/j.worlddev.2024.106830","url":null,"abstract":"<div><div>Victims of forced displacement and land dispossession are eligible for land restitution under a law approved in Colombia in 2011. These households are materially deprived and have limited access to the formal labor market, often resorting to informal entrepreneurship to improve their living conditions. For this, they need access to credit. We estimate the causal effect of the law on credit access, using the timing of the restitution as the source of identification in an event study approach. We analyze administrative data from the program and data from the census of credit transactions. Our findings reveal, on the extensive margin, a substantial increase in beneficiaries’ likelihood of obtaining a loan and, on the intensive margin, an increase in loan size. These effects are most pronounced two years after land restitution when individuals obtain the full property right. Although complementary policies partly drive this effect, the data suggest that demand for credit also increases, signaling restored trust.</div></div>","PeriodicalId":48463,"journal":{"name":"World Development","volume":"186 ","pages":"Article 106830"},"PeriodicalIF":5.4,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142655085","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}

{"title":"Belief diversity and cooperation","authors":"Georgy Lukyanov ,&nbsp;David Li","doi":"10.1016/j.jebo.2024.106815","DOIUrl":"10.1016/j.jebo.2024.106815","url":null,"abstract":"<div><div>This paper studies a two-player game in which the players face uncertainty regarding the nature of their partner. In this variation of the standard Prisoner’s Dilemma, players may encounter an ‘honest’ type who always cooperates. Mistreating such a player imposes a moral cost on the defector. This situation creates a trade-off, resolved in favor of cooperation if the player’s trust level, or belief in their partner’s honesty, is sufficiently high. We investigate whether an environment where players have explicit beliefs about each other’s honesty is more or less conducive to cooperation, compared to a scenario where players are entirely uncertain about their partner’s beliefs. We establish that belief diversity hampers cooperation in environments where the level of trust is relatively low and boosts cooperation in environments with a high level of trust.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"229 ","pages":"Article 106815"},"PeriodicalIF":2.3,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142659287","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}

{"title":"Book Review: Markets, Capitalism and Urban Space in India: Right to Sell","authors":"Pitri Yanti, Imanirrahma Salsabil, Asni Mustika Rani","doi":"10.1177/00420980241297040","DOIUrl":"https://doi.org/10.1177/00420980241297040","url":null,"abstract":"","PeriodicalId":51350,"journal":{"name":"Urban Studies","volume":"18 1","pages":""},"PeriodicalIF":4.7,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142637508","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}

{"title":"Energy communities, distributed generation, renewable sources: Close relatives or potential friends?","authors":"Stefano Moroni","doi":"10.1016/j.erss.2024.103828","DOIUrl":"10.1016/j.erss.2024.103828","url":null,"abstract":"<div><div>The issue of “energy communities” is increasingly central to public and academic debate. However, the current discourse on energy communities often mixes three different aspects in an unclear manner. The first aspect is the type of energy source: that is, fossil or renewable. The second aspect is the general configuration of energy production: centralised or distributed. The third aspect is the type of prosumers: individuals or communities. These three aspects are not directly related (they concern three different issues), although they may be compatible. This article critically considers these three aspects and the distinctive advantages of the second item in the three pairs: renewable sources; distributed energy production; communities as prosumers. The intention is not merely to provide an overview of the state of the art; it is also to suggest a critical reframing of the discourse. The overall aim is not solely to distinguish different aspects (and advantages); it is also to clarify the real scope and meaning of each of them. Since the three aspects considered (renewables, distributed generation, energy communities) are distinct and conceptually independent from each other, various possible arrangements (i.e., combinations) can be imagined. The article critically considers these various possible combinations and discusses precautions and caveats in terms of policies that should be taken into account in this regard.</div></div>","PeriodicalId":48384,"journal":{"name":"Energy Research & Social Science","volume":"118 ","pages":"Article 103828"},"PeriodicalIF":6.9,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142653478","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}

{"title":"Carbon Giants: Exploring the Top 100 Industrial CO2 Emitters in the EU","authors":"Xenia Miklin,&nbsp;Thomas Neier,&nbsp;Simon Sturn,&nbsp;Klara Zwickl","doi":"10.1016/j.ecolecon.2024.108419","DOIUrl":"10.1016/j.ecolecon.2024.108419","url":null,"abstract":"<div><div>We analyze emissions and associated damages from the top 100 industrial CO₂ emitters in the EU using data from the European Pollutant Release and Transfer Register, the EU Transaction Log, population grids, and regional information. These top emitters account for 19% of total EU CO₂ emissions, 39% of industrial CO₂ emissions, as well as a third of industrial SO<span><math><msub><mrow></mrow><mrow><mi>x</mi></mrow></msub></math></span> and NO<span><math><msub><mrow></mrow><mrow><mi>x</mi></mrow></msub></math></span> emissions, and a significant share of industrial PM₁₀ emissions. In 2017, monetized damages of hazardous co-pollutants range from 20 to 67 billion Euros, and combined co-pollutant and climate damages amount to between 92 and 260 billion Euros. The top 100 alone would exhaust the EU’s carbon budget in a few decades. The joint climate and co-pollutant damages of a significant number of the top 100 exceed the economic value generated by the entire industry sector in their respective regions, indicating substantial underregulation. Yet the top 100 received free EU Emissions Trading System permits for 27% of their carbon emissions. Many top emitters are located in densely populated regions, with 3.1% of EU’s population living within 10 kilometers of a Carbon Giant. Our analysis reveals the critical importance of addressing major emitters in research and policymaking.</div></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":"228 ","pages":"Article 108419"},"PeriodicalIF":6.6,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142643103","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Monetary flows for inter-regional health mobility: The case of Italy","authors":"Giovanni Carnazza ,&nbsp;Raffaele Lagravinese ,&nbsp;Paolo Liberati ,&nbsp;Irene Torrini","doi":"10.1016/j.pirs.2024.100063","DOIUrl":"10.1016/j.pirs.2024.100063","url":null,"abstract":"<div><div>This study investigates the dynamics of healthcare mobility in Italy, where citizens have the freedom to access medical treatment across regions. More than half a million patients, primarily from the Southern regions, engage in healthcare mobility, resulting in a total inter-regional transfer of resources amounting to about €3.7 billion in 2019. Leveraging a unique dataset spanning from 2002 to 2019, this research examines financial flows among regions using a network analysis, and identifies the factors influencing monetary flows through a gravity model. Socioeconomic disparities and the availability of specialized services in some regions are the key drivers. Regions with higher healthcare quality and the presence of private licensed hospitals attract more funds. This study offers valuable insights into the intricacies of interregional monetary flows, and finds further evidence of the persistent Italian territorial dualism, which can inform healthcare policy and promote regional equity considerations.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 1","pages":"Article 100063"},"PeriodicalIF":2.4,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142659366","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}