Growth and Change最新文献

Impact of Cohesion Funds on Convergence Club's Economic Growth 聚合基金对聚合俱乐部经济增长的影响

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-09-18 DOI: 10.1111/grow.12739

Tomáš Oleš, Martin Hudcovský

{"title":"Impact of Cohesion Funds on Convergence Club's Economic Growth","authors":"Tomáš Oleš, Martin Hudcovský","doi":"10.1111/grow.12739","DOIUrl":"https://doi.org/10.1111/grow.12739","url":null,"abstract":"<div>\u0000 \u0000 This paper empirically estimates the impact of the European Structural and Investment Funds (ESIF) on economic growth across European regions. The narrative of this paper is based on the convergence club hypothesis. In this context, we implement the data-driven Phillips and Sul test to classify European regions into endogenously identified convergence clubs that tend to converge to different steady-state equilibria. We find three substantially different convergence clubs in terms of both per capita output and spatial location: capital cities and metropolitan areas (along the so-called “Blue Banana”), core countries, and the periphery. We observe a persistent core-periphery pattern in terms of output per capita among European regions with different rates of convergence. The convergence club comprising capital cities and metropolitan areas converges almost four times faster than the rest of the EU. Subsequently, we estimate club-specific growth regressions to investigate the impact of ESIF expenditures on short-run economic growth. Our main identification strategy relies on two instrumental variables, namely the spatial lag of EFSI expenditures-to-GDP and the air distance to Brussels, to address a strong endogeneity problem in strongly biased relationship between ESIF expenditures-to-GDP and short-run economic growth. Our results indicate a positive impact of ESIF expenditures-to-GDP on short-run economic growth in the second (core) and third (periphery) convergence clubs, with the impact being twice as large in the latter compared to the former. These results remain robust when adjusting the growth regressions to use ESIF expenditures-to-population instead of ESIF expenditures-to-GDP, although the pronounced difference in effect magnitude among convergence clubs diminishes.\u0000 </div>","PeriodicalId":47545,"journal":{"name":"Growth and Change","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142244770","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

Did the U.S. Fracking Boom Shale-Shock Regional Patenting? 美国压裂热潮是否震撼了地区专利申请？

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-09-17 DOI: 10.1111/grow.12740

Luyi Han, John V. Winters

引用次数: 0

Intangible Capital as a Driver of Labor Productivity in Regions and Industries: Evidence of the Spanish Case 无形资本是地区和行业劳动生产率的推动力：西班牙案例的证据

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-09-14 DOI: 10.1111/grow.12738

Mercedes Gumbau-Albert

{"title":"Intangible Capital as a Driver of Labor Productivity in Regions and Industries: Evidence of the Spanish Case","authors":"Mercedes Gumbau-Albert","doi":"10.1111/grow.12738","DOIUrl":"https://doi.org/10.1111/grow.12738","url":null,"abstract":"In the last decade, many studies discussed the impact of intangible investment on firms' performance. However, comparing the effect of different types of intangible investments at regional and sectoral level is not well explored. The paper aims to fill this gap by assessing the impact of several intangible capital on labor productivity using for the first-time updated data for the period 2000–2019. Adopting panel data techniques and system GMM, the results show that regions with higher endowments of intangible capital get higher levels of labor productivity. The study results also highlight the importance of differentiating between different sectors and types of intangible capital as they have different impact on productivity labor. In the primary sector only investments in R&D result in additional productivity gains. In the manufacturing industry, investments in R&D and software result in additional productivity gains while the service sector also increases labor productivity through other intangibles assets with innovative property such as mineral exploration, entertainment, and artistic originals.","PeriodicalId":47545,"journal":{"name":"Growth and Change","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/grow.12738","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142233108","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

Correction to “Trajectory and Cluster Resilience Elements: The Case of the Brazilian Wine Cluster of the Serra Gaúcha” 轨迹和产业集群复原力要素：巴西Serra Gaúcha葡萄酒产业集群案例"

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-09-10 DOI: 10.1111/grow.12737

引用次数: 0

Growth of Green Total Factor Productivity in China: “Structural Dividend” or “Reform Dividend”? 中国绿色全要素生产率的增长："结构红利 "还是 "改革红利"？

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-09-05 DOI: 10.1111/grow.12736

Wenxing Jia, Shengnan Wu, Yang Yang, Xueliang Zhang

{"title":"Growth of Green Total Factor Productivity in China: “Structural Dividend” or “Reform Dividend”?","authors":"Wenxing Jia, Shengnan Wu, Yang Yang, Xueliang Zhang","doi":"10.1111/grow.12736","DOIUrl":"https://doi.org/10.1111/grow.12736","url":null,"abstract":"<div>\u0000 \u0000 It is critical for promoting high-quality economic development to improve green total factor productivity (GTFP). The “structural dividend” released by the optimization of economic structure and the “reform dividend” brought by market-oriented reform are the two ways to improve GTFP. This paper empirically examines the impact of economic structural changes and marketization progress on GTFP with the spatial dynamic panel model based on the provincial data from 2001 to 2019 in China. The findings are as follows. (1) GTFP is characterized by significant spatial clustering and spatial positive correlation in China. (2) The optimization of economic structure and the improvement of marketization both have significant positive contributions to the improvement of GTFP. (3) The results of effect decomposition show that the optimization of economic structure has a long-term effect on the increase of local GTFP, but only a short-term effect on the surrounding areas. However, the improvement of marketization has a stable short-term and long-term impact on the improvement of local GTFP, while the impact on the surrounding areas is only reflected in the long-term. The results of heterogeneity analysis indicate that the impact of economic structure optimization and market-oriented reform on GTFP is different in different periods and regions, and the corresponding effect decomposition results are also different. Therefore, this paper suggests that it is necessary to optimize the economic structure further and promote market-oriented reforms to release the structural dividends and reform dividends to achieve GTFP growth.\u0000 </div>","PeriodicalId":47545,"journal":{"name":"Growth and Change","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142152212","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

Do high housing prices inhibit entrepreneurial activity?—Evidence from Yangtze River Delta cities, China 高房价是否抑制了创业活动？

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-08-09 DOI: 10.1111/grow.12735

Zhang Juanfeng, Lin Yupiaopiao, Han Rui, Li Lele, Zeng Hui

引用次数: 0

The higher-ranking local officials and local economic growth: Evidence from China 地方高官与地方经济增长：来自中国的证据

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-07-19 DOI: 10.1111/grow.12731

Yuan Li, Chuanjiang Yu, Yue Luo, Xinju He

引用次数: 0

The impact of regional integration on PM2.5 concentrations—Quasi-natural experimental evidence from city economic coordination committee 区域一体化对 PM2.5 浓度的影响--来自城市经济协调委员会的准自然实验证据

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-07-19 DOI: 10.1111/grow.12732

Sijia Li, Lihua Wu

{"title":"The impact of regional integration on PM2.5 concentrations—Quasi-natural experimental evidence from city economic coordination committee","authors":"Sijia Li, Lihua Wu","doi":"10.1111/grow.12732","DOIUrl":"https://doi.org/10.1111/grow.12732","url":null,"abstract":"It is of great significance to explore the causality between regional integration (RI) and PM2.5 pollution within urban agglomerations in the current pursuit of ecological civilization construction and high-quality development. Using panel data of 285 prefecture-level cities in China from 2003 to 2016, this study considers the expansion of the city economic coordination committee in Yangtze River Delta (YRDECC) as a quasi-natural experiment of RI, and use a difference-in difference method to explore the effect and inner mechanisms of RI on PM2.5 concentration. After a descriptive analysis of the spatial-temporal variation trend of the PM2.5 concentration in the Yangtze River Delta urban agglomeration, the empirical results show that RI helps to alleviate 4.8% of the PM2.5 concentration overall. For the original cities, the reduction effect on the PM2.5 concentration is 5.2%, for the new cities, however, RI exacerbates 2.1% of the local PM2.5 concentration. A series of robustness tests confirm the validity of the baseline results, and further indicate that the effect of RI remains significant in the long term and starts to increase from the third year. Furthermore, the reduction effect of RI on PM2.5 concentration is more pronounced in cities with larger scales, more developed economies, and higher degrees of marketization. The mechanism analysis shows that industrial transfer, population migration and technological innovation are significant channels of RI that affect PM2.5 concentrations. The conclusions of this paper provide a new path to alleviate PM2.5 pollution and achieve ecological conservation and high-quality development in the city cluster area.","PeriodicalId":47545,"journal":{"name":"Growth and Change","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141730265","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

Effects of tourism on socio-economic well-being and its inter-regional convergence: Evidence from China's 291 cities 旅游业对社会经济福祉的影响及其区域间趋同：来自中国 291 个城市的证据

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-07-18 DOI: 10.1111/grow.12734

Fubiao Zhu, Xiaona Cao, Delin Zhuang, Shengwu Jin, Xueting Yang

{"title":"Effects of tourism on socio-economic well-being and its inter-regional convergence: Evidence from China's 291 cities","authors":"Fubiao Zhu, Xiaona Cao, Delin Zhuang, Shengwu Jin, Xueting Yang","doi":"10.1111/grow.12734","DOIUrl":"https://doi.org/10.1111/grow.12734","url":null,"abstract":"Big socio-economic well-being gap is common across countries and regions. This study examines the impact of tourism on socio-economic well-being and its convergence from a comprehensive and inter-regional convergence perspective. Using panel data of 291 cities during the period 2005–2019, we provide the comprehensive evaluation of socio-economic well-being at the city scale in China. Considering the dynamic characteristics of socio-economic well-being, we therefore estimate the impact using the system generalized method of moments. The result indicates that tourism significantly enhances local socio-economic well-being and is found to be robust. We also find the dominance of domestic tourism, the positive moderator effects of general budget expenditure, GDP per capita and urbanization, and a greater driving force in cities with higher socio-economic well-being. Since both β- and σ-convergence hold, we confirm the positive effect of tourism on the convergence of inter-regional socio-economic well-being. We emphasize policies support for tourism development in underdeveloped regions through fiscal expenditure, financial transfer payments, intellectual support, urbanization, and infrastructure construction. We suggest incorporating tourism into frameworks such as rural revitalization and regional coordinated development. We also recommend accelerating the expansion of tourism in underdeveloped regions and enhancing the quality of tourism in developed regions as spatial strategies, while emphasizing inter-regional tourism coordination and cooperation.","PeriodicalId":47545,"journal":{"name":"Growth and Change","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141730142","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

Innovation and wage inequalities: Evidence from Brazilian regions 创新与工资不平等：巴西各地区的证据

IF 2.9 3区经济学

Growth and Change Pub Date : 2024-07-17 DOI: 10.1111/grow.12733

Bianca Villamarim de Oliveira, Eduardo Gonçalves, Juliana Gonçalves Taveira

引用次数: 0