Regional Science Policy and Practice最新文献

Dynamic relationship between climate policy uncertainty shocks and financial stress: A GMM-Panel VAR approach

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-02-12 DOI: 10.1016/j.rspp.2025.100181

Sakine Owjimehr , Mehdi Emami Meybodi

{"title":"Dynamic relationship between climate policy uncertainty shocks and financial stress: A GMM-Panel VAR approach","authors":"Sakine Owjimehr , Mehdi Emami Meybodi","doi":"10.1016/j.rspp.2025.100181","DOIUrl":"10.1016/j.rspp.2025.100181","url":null,"abstract":"<div><div>Europe is the fastest-warming continent in the world, facing significant challenges to its people, economy, and environment due to climate change. This study examines how climate shocks affect financial stress in European countries, focusing on three key factors: Climate Policy Uncertainty (CPU), Annual Surface Temperature Change (AST), and Atmospheric CO₂ Concentration (ACC). Using data from selected European countries between 2000 and 2022, the study applied the Generalized Method of Moment Panel Vector Autoregressive (GMM-PVAR) model to analyze these relationships. The results show that financial stress reacts differently to climate shocks in the short term and long term. Initially, climate shocks may temporarily reduce financial stress, possibly due to their effects on stock and currency markets. However, over time, they lead to increased financial stress across all financial sectors. The study also highlights the growing influence of CPU and AST on financial stress fluctuations. These findings underline the need for effective risk management strategies in the financial sector to address climate risks. Additionally, greater investment in renewable energy and energy efficiency is crucial to mitigate temperature increases and reduce CO₂ emissions.</div></div>","PeriodicalId":45520,"journal":{"name":"Regional Science Policy and Practice","volume":"17 5","pages":"Article 100181"},"PeriodicalIF":1.7,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143421996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Comparing situational dynamics of repression in the Black Lives Matter and Yellow Vest protests

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-02-03 DOI: 10.1016/j.rspp.2025.100182

Alexei Anisin

引用次数: 0

Analysing the impact of money supply on economic growth: A panel regression approach for Western Balkan countries (2000–2023)

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-02-01 DOI: 10.1016/j.rspp.2024.100159

Roberta Bajrami , Saranda Tafa , Adelina Gashi , Medain Hashani

{"title":"Analysing the impact of money supply on economic growth: A panel regression approach for Western Balkan countries (2000–2023)","authors":"Roberta Bajrami , Saranda Tafa , Adelina Gashi , Medain Hashani","doi":"10.1016/j.rspp.2024.100159","DOIUrl":"10.1016/j.rspp.2024.100159","url":null,"abstract":"<div><div>This study used panel data analysis to investigate the relationship between economic growth and some selected macroeconomic variables such as the money supply, inflation, foreign direct investment (FDI), and government spending. The study used Fixed Effects (FE), Random Effects (RE), and Generalised Method of Moments (GMM) estimations to emphasise the importance of these variables in driving economic growth. The Fixed Effects model indicates that the money supply (M2) has a positive and significant impact on economic growth (coefficient of 0.032, p < 0.05), while inflation has a negative impact (coefficient of −0.045, p < 0.05). The Random Effects model shows comparable patterns, with money supply and inflation coefficients of 0.028 (p < 0.05) and −0.038 (p < 0.10), respectively. According to the RE model, FDI has a positive impact on growth (coefficient = 0.021, p < 0.10). However, government spending (GOVEXP) remains statistically insignificant in both scenarios. The GMM calculation confirms that money supply (0.027, p < 0.05) and inflation (-0.042, p < 0.05) have a significant positive and negative impact on economic growth, respectively. FDI contributes favourably with a coefficient of 0.024 (p < 0.10), while government expenditure is insignificant. Lagged GDP growth is a significant factor, with a coefficient of 0.215 (p < 0.05), indicating sustained economic expansion throughout time. The findings emphasise the importance of monetary policy, inflation management, and attracting foreign direct investment in encouraging long-term economic growth, while government spending appears to have less influence in the short run. These findings offer policymakers evidence-based recommendations for developing effective economic strategies.</div></div>","PeriodicalId":45520,"journal":{"name":"Regional Science Policy and Practice","volume":"17 2","pages":"Article 100159"},"PeriodicalIF":1.7,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143159589","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Life is more satisfying when evaluated as a whole: A principal component analysis of Mexicans' subjective well-being

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-02-01 DOI: 10.1016/j.rspp.2024.100164

Flor Martínez-Sermeño , Powell Sheagren , Rafael Garduño-Rivera

{"title":"Life is more satisfying when evaluated as a whole: A principal component analysis of Mexicans' subjective well-being","authors":"Flor Martínez-Sermeño , Powell Sheagren , Rafael Garduño-Rivera","doi":"10.1016/j.rspp.2024.100164","DOIUrl":"10.1016/j.rspp.2024.100164","url":null,"abstract":"<div><div>For decades, there has been consensus that measures of well-being must move past readily available economic data, and newer measurements of well-being are often obtained through individual questions or questionnaires. Despite being more accessible to compare person to person, recent trends have shown that the former singular global evaluations are held back by their propensity to be heavily influenced by the most current, essential, or frequent event in a person's life, ignoring other aspects of life and differentiating what the survey is recording per respondent. Questionnaires, however, present a secondary problem of creating the exact comparability of individual questions. Most methods are laboriously hand-made or questionnaire-specific, which takes more work on a survey level. The present study proposes using a principal component analysis (PCA) algorithm to index subjective well-being from multidimensional data. This comprehensive model, which considers 30 variables related to different aspects of well-being, offers a robust and holistic approach to well-being evaluation. To prove the validity of this method, we use data from the 2021 BIARE Mexican subjective well-being survey. This approach allows us to explore the importance of the different aspects of happiness that could be useful for policy interventions to maintain and improve Mexican well-being. The results of our study show that the global evaluation of life satisfaction was generally higher than the Happiness Index, suggesting that life is more satisfying when evaluated globally as the aggregated satisfaction or feeling of each aspect of life. These findings hold promise for the development of effective policy interventions to enhance well-being in Mexico and beyond.</div></div>","PeriodicalId":45520,"journal":{"name":"Regional Science Policy and Practice","volume":"17 2","pages":"Article 100164"},"PeriodicalIF":1.7,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143159590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

An empirical analysis of regional Phillips Curve with spatial dependence

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-02-01 DOI: 10.1016/j.rspp.2024.100162

Elena Lasarte-Navamuel , José Luis Pérez-Rivero , Claudia Montania

{"title":"An empirical analysis of regional Phillips Curve with spatial dependence","authors":"Elena Lasarte-Navamuel , José Luis Pérez-Rivero , Claudia Montania","doi":"10.1016/j.rspp.2024.100162","DOIUrl":"10.1016/j.rspp.2024.100162","url":null,"abstract":"<div><div>We estimate the Phillips Curve using panel data to infer the slope of the aggregate Phillips Curve for Spain. In recent years, inflation has become a puzzle for economists and monetary authorities and academic research has been more active suggesting many possible explanations to the inflation experience which has led to the proliferation of many theoretical and empirical studies. One of the main explanations for this puzzle is that national data are sub-optimal in order to reflect regional heterogeneity in inflation dynamics. In this paper we try to shed some light to this debate through an empirical analysis from the 17 Spanish NUTS2 for the period 2006–2017. Our investigation spans both the Great Recession, which in Spain lasted from 2008 to 2014, and the subsequent recovery years, addressing the renewed doubts regarding the usefulness of the Phillips Curve. The analysis is carried out through spatial econometric techniques and through a regional approach, we merge together this strand of the literature with the Purchasing Power Literature. The conclusions are that Spanish Phillips Curve is alive but flattened and a strong regional price convergence is present at the Spanish regional level.</div></div>","PeriodicalId":45520,"journal":{"name":"Regional Science Policy and Practice","volume":"17 2","pages":"Article 100162"},"PeriodicalIF":1.7,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143159593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-02-01 DOI: 10.1016/j.rspp.2024.100160

Amitrajeet A. Batabyal

引用次数: 0

How do economic, environmental, social, and health factors affect health outcomes? Insights from 21 developing and emerging economies

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-02-01 DOI: 10.1016/j.rspp.2024.100163

Tiken Das

{"title":"How do economic, environmental, social, and health factors affect health outcomes? Insights from 21 developing and emerging economies","authors":"Tiken Das","doi":"10.1016/j.rspp.2024.100163","DOIUrl":"10.1016/j.rspp.2024.100163","url":null,"abstract":"<div><div>This study examines the impact of economic, environmental, social, and health factors on the Crude Death Rate (CDR), Infant Mortality Rate (IMR), and Life Expectancy at Birth (LEB) across 21 developing and emerging economies. Utilizing panel regression analysis and developing the Health Input Augmenting Index (HIAI) and Health Outcome Incidence Index (HOAI), the current study revealed two distinct clusters of countries, illustrating the critical influence of health inputs on outcomes. Notably, the study finds no consistent relationship between HIAI, HOAI, and Gross Domestic Product (GDP) per capita, emphasizing the prominent role of non-economic factors in shaping health outcomes. In the Association of Southeast Asian Nations (ASEAN), an increase in health expenditure as a percentage of GDP was associated with improvements in CDR and IMR. Conversely, in BRICS (Brazil, Russia, India, China, and South Africa) nations, higher health expenditure led to adverse effects on CDR, IMR, and LEB. Additionally, rising out-of-pocket expenditures as a share of total health expenditure were associated with deteriorating health outcomes in ASEAN, while in BRICS and overall datasets, it was related to a reduction in CDR. The study also highlights the role of non-health factors, showing that GDP per capita negatively influenced CDR, IMR, and LEB in BRICS countries, whereas rising incomes in ASEAN countries were linked to declining IMR. The elasticity of non-health determinants in affecting health outcomes was found to be more pronounced than that of health inputs. Robustness checks, including alternative panel regression models excluding Russia and Singapore, confirmed the validity of these findings.</div></div>","PeriodicalId":45520,"journal":{"name":"Regional Science Policy and Practice","volume":"17 2","pages":"Article 100163"},"PeriodicalIF":1.7,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143159594","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Relocation implications in China and North America: Measuring spillover and feedback effects by potential changes on interregional trade in the electronics industry

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-02-01 DOI: 10.1016/j.rspp.2024.100165

Oscar Arturo García González , Marco Antonio Márquez Mendoza

{"title":"Relocation implications in China and North America: Measuring spillover and feedback effects by potential changes on interregional trade in the electronics industry","authors":"Oscar Arturo García González , Marco Antonio Márquez Mendoza","doi":"10.1016/j.rspp.2024.100165","DOIUrl":"10.1016/j.rspp.2024.100165","url":null,"abstract":"<div><div>The research examines the implications of relocating foreign direct investment (FDI) in the electronics industry from China to North America. The study focuses on nearshoring to Mexico and backshoring to the United States in the context of increasing trade tensions. Using Input-Output Analysis, it quantifies spillover and feedback effects on regional economies by simulating two policy scenarios. The findings indicate that nearshoring to Mexico generates higher economic benefits compared to backshoring, as Mexico captures significant spillover effects due to its established manufacturing base and integration with U.S. industries. By contrast, backshoring yields lower economic gains due to the weakened state of the U.S. electronics sector, which remains dependent on Asian supply chains. The study concludes that nearshoring offers a more viable strategy for regional integration and competitiveness in North America, emphasizing the need for policies that strengthen Mexico’s role in electronics manufacturing through innovation and technological upgrading. This approach could enhance the region's autonomy and resilience in the face of global supply chain disruptions.</div></div>","PeriodicalId":45520,"journal":{"name":"Regional Science Policy and Practice","volume":"17 2","pages":"Article 100165"},"PeriodicalIF":1.7,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143159592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Location models to improve health and safety at a major temporary city: The case of the Hajj

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-01-27 DOI: 10.1016/j.rspp.2025.100179

Muteb Alotaibi , Nick Malleson , Graham Clarke

{"title":"Location models to improve health and safety at a major temporary city: The case of the Hajj","authors":"Muteb Alotaibi , Nick Malleson , Graham Clarke","doi":"10.1016/j.rspp.2025.100179","DOIUrl":"10.1016/j.rspp.2025.100179","url":null,"abstract":"<div><div>This paper investigates the optimal locations of health service facilities during the Hajj, a major temporary city event in Mina, Saudi Arabia, attended by millions of pilgrims. Given the logistical challenges and historical accident risks during this dense gathering, effective placement of health facilities is crucial for ensuring pilgrim safety and accessibility to services. The study first employs location-allocation models (LAM) within a network GIS framework to determine optimal facility locations based on both static and dynamic population distributions of pilgrims throughout the day. These models facilitate the strategic placement of services closer to pilgrim activities, potentially enhancing service accessibility and reducing travel times for medical assistance. Additionally, agent-based modelling (ABM) complements the LAM by simulating crowd movements and interactions, helping identify high-risk areas for congestion and accidents. This dynamic approach offers insights into crowd behavior under various scenarios, including different times of day and road closure impacts, thereby supporting more responsive urban planning and crowd management strategies. Recommendations for policy include the use of portable health facilities and the strategic placement of services to accommodate shifting crowd densities.</div></div>","PeriodicalId":45520,"journal":{"name":"Regional Science Policy and Practice","volume":"17 5","pages":"Article 100179"},"PeriodicalIF":1.7,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143386805","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Systemic economic impacts of variation in international oil prices: The case of Colombia

IF 1.7

Regional Science Policy and Practice Pub Date : 2025-01-24 DOI: 10.1016/j.rspp.2025.100178

Guilherme Perobelli Salgueiro , Fernando Salgueiro Perobelli

引用次数: 0