Economic Change and Restructuring最新文献

{"title":"Do institutions advocate tax simplification? Insights from a panel of 88 countries","authors":"Pham Thai Binh, Trang Thi Thuy Nguyen","doi":"10.1007/s10644-024-09709-7","DOIUrl":"https://doi.org/10.1007/s10644-024-09709-7","url":null,"abstract":"<p>The complexity of taxes has been widely discussed in the literature and can be defined and measured in various ways depending on one’s perspective. Institutions play a crucial role in shaping the strategic environment and understanding them is crucial in understanding the policy process. When designing taxes, it is vital to consider how institutions influence tax complexity. In this empirical study, we take an institutional approach to examine what extent the institutional quality supports the tax simplification process. Using the system generalised method of moments (system GMM) for a dynamic panel of 88 countries, we show that higher institutional quality seems to be associated with a lower degree of tax complexity, regardless of income levels and legal origins. These findings are robustly consistent across a variety of specifications and institutional measurements. To that end, we make policy recommendations on tax administration.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"19 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140889257","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":"The convergence of digital finance and green investments: opportunities, risks, energy transitions and regulatory considerations","authors":"Jiayin Bi, Ying Qi","doi":"10.1007/s10644-024-09680-3","DOIUrl":"https://doi.org/10.1007/s10644-024-09680-3","url":null,"abstract":"<p>The financial industry is transforming due to the confluence of digital finance and green investments, which brings unprecedented potential and problems. This study rigorously examines the consequences of implementing carbon taxes on financial reporting in the corporate sectors of the European Union from 2000 to 2020. We utilize a comprehensive econometric model that includes stable variables, past patterns, and industry-specific differences to examine a dataset of business financial disclosures. Our goal is to determine the magnitude and characteristics of the impact caused by carbon taxes on reporting practices. This presentation highlights the possibilities for speeding up the world's energy transitions as it examines the synergies between sustainable investments and digital finance. The financial industry's growing use of digital technology makes green financing and ecologically responsible investments possible. However, there are also hazards associated with this convergence, which makes a thorough grasp of regulatory structures necessary.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"105 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140839979","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":"Bridging fiscal decentralization and circular economy for sustainable energy transition: an examination of BRICS economies in highly decentralized settings","authors":"Xiuge Tan","doi":"10.1007/s10644-024-09628-7","DOIUrl":"https://doi.org/10.1007/s10644-024-09628-7","url":null,"abstract":"<p>The relationship between fiscal decentralization, renewable energy, economic globalization, GDP, and energy efficiency is thoroughly examined in this paper within the framework of the BRICS countries. To decipher the intricate interplay between these key factors influencing energy efficiency, we use an empirical strategy that makes use of state-of-the-art cointegration methods and robustness tests. We confirm the presence of the environmental Kuznets curve in BRICS, illustrating that economic expansion might ultimately result in enhanced environmental results. We emphasize the significance of fiscal decentralization and renewable energy in enhancing energy efficiency while recognizing the ambivalent impact of economic globalization. The findings obtained from this research not only add to the current knowledge but also provide practical advice for policy actions targeted at fostering sustainable development and reducing environmental deterioration. Although the research focuses on BRICS, its results have potential ramifications for other growing economies globally, representing a substantial advancement toward a more sustainable and energy-efficient future.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"20 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140839912","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":"Fostering the efficiency of the natural resource market for a comprehensive, long-term energy transition","authors":"Xu Qin, Yu Yong","doi":"10.1007/s10644-024-09681-2","DOIUrl":"https://doi.org/10.1007/s10644-024-09681-2","url":null,"abstract":"<p>The article explores tactics to promote natural resource market efficiency to enable a thorough and sustainable energy transition. The research investigates the natural resource market's critical influence on developing sustainable energy practices through a comprehensive analysis of critical publications. The paper analyzes the relationship between financial security, industrial composition, natural resources, and their efficiency using the 2004–2019 entropy weight approach and the level of coupling coordination evaluation method. The summary highlights the need for all-encompassing strategies and examines how maximizing the effectiveness of natural resource usage might advance a sustainable energy transition. The shift, essential to reducing climate change, requires a deliberate concentration on regulatory frameworks and market processes. This study provides insights into possible avenues for improving the natural resource market's efficiency to encourage a long-lasting and sustainable energy transition via a review of recent research.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"45 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140839910","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":"Catalyzing climate change mitigation: investigating the influence of renewable energy investments across BRICS","authors":"Azer Dilanchiev, Bobur Urinov, Sugra Humbatova, Gunay Panahova","doi":"10.1007/s10644-024-09702-0","DOIUrl":"https://doi.org/10.1007/s10644-024-09702-0","url":null,"abstract":"<p>The study examines the relationship between climate change, the interconnected elements of BRICS countries, and investments in research and development for renewable energy. The paper employing the augmented mean group estimator and Dumitrescu–Hurlin non-causality test for the economy of BRICS countries from 1990 to 2021 revealed robust evidence that increasing investments in renewable energy research and development (RandD) significantly reduces greenhouse gas emissions in BRICS nations. A 1% increase in per capita renewable energy RandD spending is associated with a 2.24% decrease in emissions. Likewise, a 1% rise in overall energy technology RandD budgets corresponds to a 3.15% emissions reduction. These findings highlight the considerable potential of innovation-focused policies to promote sustainability alongside continued economic growth. It suggests the need for more research to devise effective policies that use RandD to reduce emissions without compromising larger development objectives.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"656 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140812621","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":"Financial development, globalization, energy consumption, and environmental quality: Does control of corruption matter in South Asian countries?","authors":"Muhammad Farhan Basheer, Saeed Ahamd Sabir, Saira Ghulam Hassan","doi":"10.1007/s10644-024-09699-6","DOIUrl":"https://doi.org/10.1007/s10644-024-09699-6","url":null,"abstract":"<p>This research is motivated by the urgent need to address environmental quality challenges in South Asian economies. By examining the interplay of financial development, globalization, energy consumption, and corruption control, the study aims to identify strategies mitigating environmental degradation and fostering sustainable development in the region. The prime objective of this research is to examine the correlation between financial development, globalization, and energy consumption with environmental quality in South Asian economies. Moreover the study has also examined the moderating role of corruption control in the relationship between financial development, globalization, and energy consumption with environmental quality in South Asian economies. The research incorporates data from 1996 to 2019. Panel co-integration technique is employed to investigate the long-term correlations, and fully modified ordinary least squares is utilized to determine the coefficients of co-integrating vectors, ensuring a comprehensive and robust analysis of the examined variables The study finds that energy consumption, financial development, and globalization negatively affect South Asia’s environment. However, the presence of corruption control measures can mitigate these impacts therefore, given the region’s corruption concerns, effective anti-corruption measures become crucial to address environmental degradation. The empirical results stress the need for implementing such measures to alleviate adverse environmental effects in this specific area. The results implies that policymakers should balance economic growth with environmental sustainability, recognizing the interconnectedness of these factors. Thre results of the study highlights that addressing corruption is crucial in environmental policymaking, and policymakers should prioritize anti-corruption initiatives alongside conservation efforts. The study also suggests strengthening institutional frameworks and governance structures to curb corruption, creating an environment conducive to sustainable development. Future policies should integrate anti-corruption measures into environmental conservation strategies. The study highlights the need for anti-corruption measures in South Asia, in line with Sustainable Development Goals 16 and 13, to combat environmental degradation caused by energy consumption, financial development, and globalization, thereby promoting peace, justice, and strong institutions.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"10 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140812208","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":"Innovations in supply chain management for sustainable energy transition: lessons from leading enterprises","authors":"Hongyu Zhang, Qi Huang","doi":"10.1007/s10644-024-09706-w","DOIUrl":"https://doi.org/10.1007/s10644-024-09706-w","url":null,"abstract":"<p>Using data from top businesses, this article investigates supply chain management improvements essential for a sustainable energy transition. Robust supply chain solutions are necessary for a sustainable energy transition to fulfill social expectations and solve environmental concerns. We analyze the changing dynamics of a pool of 49 nations where green bonds have been issued between 2005 and 2022. The report highlights creative supply chain management (SCM) strategies that are essential for managing the challenges of integrating sustainable energy sources by analyzing lessons from well-known businesses. Key tactics include using renewable energy sources, embracing the circular economy, and working with stakeholders. Based on these instances, this paper provides insights for firms seeking to manage the energy transition's difficulties while preserving sustainability and competitiveness. Through the synthesis of top industry executives' experiences, this study offers essential direction for developing future renewable energy supply chains.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"68 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140801600","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":"The influence of environmental and social criteria in green finance decision-making: insights and trends","authors":"Wuxia Xue","doi":"10.1007/s10644-024-09686-x","DOIUrl":"https://doi.org/10.1007/s10644-024-09686-x","url":null,"abstract":"<p>The article investigates the dynamic terrain of environmental and social criteria’s significant influence on green finance decision-making. By comparing, the energy indices to established green authority standards such as the S&amp;P Worldwide GCEI and the S&amp;P/TSX RECTI, we observe that the S&amp;P 500 Energy Index and the S&amp;P Earth Oil Index have a higher level of predictability for future outcomes. Based on an extensive review of current research and developing patterns, this paper clarifies how the field of sustainable finance is changing. Green finance decision-making is heavily influenced by social and environmental variables, such as stakeholder participation and community development. Through a comprehensive analysis of critical publications, this paper highlights the increasing significance of incorporating environmental and social factors into financial strategy. The rising worldwide consciousness towards sustainable development necessitates comprehending the mutual influence of environmental and social aspects to formulate appropriate and successful green finance choices.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"1 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140801603","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":"Can the sports industry foster the transition to net-zero and green growth?","authors":"Qian Zhang, Linlin Sun, Jian Xu","doi":"10.1007/s10644-024-09689-8","DOIUrl":"https://doi.org/10.1007/s10644-024-09689-8","url":null,"abstract":"<p>This study explores the relationship between sports commodity imports and the green growth index in G20 economies from 2000 to 2020, using the cross-sectionally augmented autoregressive distributed lag technique. Our findings reveal a significant positive correlation, indicating that a 1% increase in sports commodity imports corresponds to notable short-term and long-term increases of 0.38% and 0.46%, underlining the sports industry’s vital role in advancing environmental sustainability. Conversely, detrimental effects on the green growth index are observed for the carbon footprint, waste generation, health expenditure, and foreign direct investment, emphasizing the need for sustainable practices. The enduring impact of these factors is consistently demonstrated. A robustness analysis, substituting the green growth index with green energy deployment, reaffirms the positive impact of sports commodity imports. Recommendations include incentivizing eco-friendly sports technologies, implementing stringent environmental standards, fostering collaboration, introducing tax incentives, and conducting comprehensive awareness campaigns.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"2016 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140583629","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":"Exploring the role of quality and inclusive education in meeting sustainable development goals","authors":"Chunyang Wang, Qianqian He, Jian Xu","doi":"10.1007/s10644-024-09690-1","DOIUrl":"https://doi.org/10.1007/s10644-024-09690-1","url":null,"abstract":"<p>This research investigates the interaction among state education expenditure, the proportion of educated population, and their influence on the Composite Sustainable Development Index from 2000 to 2020, encompassing BRICS and extended BRICS + nations, using the CUP-FM methodology. Results indicate a significant correlation, where a 1% increase in education spending in BRICS + corresponds to an almost 0.15% elevation in sustainable development. This correlation is attributed to enhancements in human capital, innovation, poverty reduction, social equality, and environmental awareness. Nevertheless, the sheer quantity of educated individuals alone does not markedly affect sustainable development, underscoring the importance of educational quality. The study also identifies a robust connection between internet access and sustainability, with a 1% increase resulting in a more than 0.2% improvement. Conversely, challenges arise from waste generation, CPI, and uncertainty, each causing roughly 0.10%, 0.23%, and 0.19% reductions with a 1% increase. Policy implications emphasize the need to prioritize environmentally friendly education, strategically allocate resources, address challenges, and promote digital connectivity for informed decision-making and innovation.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":"48 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140583406","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}