Structural Change and Economic Dynamics最新文献

Fintech and absolute intergenerational mobility: Evidence from digital finance development in China 金融科技与绝对代际流动性：来自中国数字金融发展的证据

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-07-11 DOI: 10.1016/j.strueco.2025.07.004

Chenxuan Chen

引用次数: 0

Harnessing government digital attention: Reducing carbon emissions through the pathways of digitalization 利用政府的数字关注：通过数字化途径减少碳排放

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-07-11 DOI: 10.1016/j.strueco.2025.07.003

Pan Zhang , Shihong Wang , Boying Li

引用次数: 0

Assessing the dynamics of supply risks in the global polysilicon trade network: A multidimensional analysis from 2000 to 2022 全球多晶硅贸易网络供应风险动态评估：2000 - 2022年多维度分析

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-07-07 DOI: 10.1016/j.strueco.2025.07.002

Chao Wang , Lei Zhang , Xiaoqian Hu , Qiuyun Zhao

{"title":"Assessing the dynamics of supply risks in the global polysilicon trade network: A multidimensional analysis from 2000 to 2022","authors":"Chao Wang , Lei Zhang , Xiaoqian Hu , Qiuyun Zhao","doi":"10.1016/j.strueco.2025.07.002","DOIUrl":"10.1016/j.strueco.2025.07.002","url":null,"abstract":"<div><div>The global polysilicon trade network (GPSTN) has evolved into an increasingly intricate system, shaped by geopolitical tensions, environmental challenges, and health crises, intensifying concerns over energy security. As a critical material for photovoltaic cells, polysilicon constitutes an indispensable component for the global transition towards renewable energy. However, quantitative assessments of country-specific vulnerabilities during polysilicon supply disruptions remain limited. This study addresses this gap by analyzing the GPSTN from 2000 to 2022, utilizing an improved cascading failure model and a comprehensive assessment framework. The framework quantifies countries' roles as risk initiators, transmitters, and vulnerable recipients through three novel indicators: destructiveness, transmissibility, and vulnerability. The analysis reveals the United States' persistent dominance in destructiveness since 2000, the escalating destructiveness of Asian countries, the pronounced transmissibility of China and the United States, and the heightened vulnerability of Japan and China stemming from their import dependence. This multidimensional approach elucidates country-specific roles during supply disruptions and advances targeted recommendations for policymakers to strengthen supply chain resilience and stability. The findings demonstrate the critical importance of considering multiple dimensions when evaluating a country's position in the polysilicon trade network and highlight the need for customized risk mitigation strategies.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 991-1007"},"PeriodicalIF":5.0,"publicationDate":"2025-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144611712","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

Competition and demand-led growth: linking different parts of the Sraffian-inspired research program 竞争和需求主导的增长：将伊朗启发的研究项目的不同部分联系起来

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-07-05 DOI: 10.1016/j.strueco.2025.06.015

Graham White

{"title":"Competition and demand-led growth: linking different parts of the Sraffian-inspired research program","authors":"Graham White","doi":"10.1016/j.strueco.2025.06.015","DOIUrl":"10.1016/j.strueco.2025.06.015","url":null,"abstract":"<div><div>The paper explores connections between two distinct lines of enquiry in the broader Sraffian research program: the fusion of the Sraffian approach and a demand-led view of growth; and dynamics of competition enforcing a uniform rate of profit. A simplified multi-commodity simulation model incorporating target return pricing and demand led-growth is used to highlight a first connection in the form of competition acting as a perturbation of the process by which capacity adapts to aggregate demand. The implied view of target return pricing is however limited in terms capturing its significance in a corporate setting. Literature on the history of corporate pricing points to a more nuanced view of target return pricing as well as a different view of capital mobility compared with that commonly depicted in the literature on gravitation. This in turn suggests a second connection between the two Sraffian-inspired lines of enquiry. Making use of the target return price equations of the simulation model together with the insights from literature on corporate pricing allows one to identify the kinds of factors which would generate profit differentials sufficient to trigger intersectoral capital mobility. In turn this analysis highlights the importance of ‘normal’ conditions in individual sectors, not least the significance of normal utilization; and changes in autonomous demand as a factor generating relevant profit differentials and structural changes via intersectoral capital mobility.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 1033-1044"},"PeriodicalIF":5.0,"publicationDate":"2025-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144678837","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

Different specifications and implications of the supermultiplier model 超乘数模型的不同规格和含义

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-07-03 DOI: 10.1016/j.strueco.2025.06.012

José A. Pérez-Montiel , Andreu Sansó

{"title":"Different specifications and implications of the supermultiplier model","authors":"José A. Pérez-Montiel , Andreu Sansó","doi":"10.1016/j.strueco.2025.06.012","DOIUrl":"10.1016/j.strueco.2025.06.012","url":null,"abstract":"<div><div>We analyze, compare, and discuss two distinct econometric specifications of the supermultiplier model. Specifically, we contrast the empirical strategy that examines the relationship between output (<span><math><msub><mrow><mi>y</mi></mrow><mrow><mi>t</mi></mrow></msub></math></span>) and autonomous demand (<span><math><msub><mrow><mi>z</mi></mrow><mrow><mi>t</mi></mrow></msub></math></span>) with the specification that focuses on the relationship between induced demand (<span><math><msub><mrow><mi>x</mi></mrow><mrow><mi>t</mi></mrow></msub></math></span>) and <span><math><msub><mrow><mi>z</mi></mrow><mrow><mi>t</mi></mrow></msub></math></span>. Although both specifications are theoretically valid from a macroeconomic standpoint, we use econometric theory to show that they may lead to different conclusions regarding cointegration and causality. This paper challenges the findings of existing empirical research based on the <span><math><msub><mrow><mi>y</mi></mrow><mrow><mi>t</mi></mrow></msub></math></span>–<span><math><msub><mrow><mi>z</mi></mrow><mrow><mi>t</mi></mrow></msub></math></span> specification, which should be interpreted with caution, particularly those suggesting unidirectional Granger causality from autonomous demand to output.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 963-969"},"PeriodicalIF":5.0,"publicationDate":"2025-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144572460","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

Unequal impacts of temperature deviations on poverty:International Evidence 温度偏差对贫困的不平等影响：国际证据

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-07-03 DOI: 10.1016/j.strueco.2025.07.001

Huiming Zhang , Aixin Zhang , Kai Wu , Yinyin Cai , Yueming (Lucy) Qiu , Shouyang Wang , Weiwei Wang , Yongfan Zhao

{"title":"Unequal impacts of temperature deviations on poverty:International Evidence","authors":"Huiming Zhang , Aixin Zhang , Kai Wu , Yinyin Cai , Yueming (Lucy) Qiu , Shouyang Wang , Weiwei Wang , Yongfan Zhao","doi":"10.1016/j.strueco.2025.07.001","DOIUrl":"10.1016/j.strueco.2025.07.001","url":null,"abstract":"<div><div>Climate damages increase with the rising frequency and intensity of extreme weather events. Meanwhile, accumulation of temperature deviations also poses serious concerns because of its tremendous and divergent impacts on agricultural system, urbanization and socioeconomic conditions of the vulnerable population. We investigate how deviations from comfortable temperature ranges influence national poverty rates across 102 countries from 1987 to 2020. Using an innovative temperature deviation index and a panel dataset, we find a negative association between temperature deviation and national poverty rate, significant only in cooler regions. Agricultural output and urbanization account for 24 % and 29 % of this effect, respectively. Projections suggest the global poverty rate may decrease to 15.66 %-16.21 % by 2060, despite environmental stress. Our findings challenge the notion that climate change uniformly exacerbates poverty, highlighting the need for tailored adaptation strategies and policies that consider both risks and potential benefits of changing temperature patterns.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 970-990"},"PeriodicalIF":5.0,"publicationDate":"2025-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144580795","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

The impact of restrictive monetary policy in emerging countries 新兴国家限制性货币政策的影响

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-26 DOI: 10.1016/j.strueco.2025.06.016

Akanksha Mishra , Amlendu Dubey

引用次数: 0

Dynamic change of transnational labour transfer embodied in trade and China’s participation from the perspective of global supply chains 全球供应链视角下贸易体现的跨国劳动力转移动态变化与中国参与

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-26 DOI: 10.1016/j.strueco.2025.06.014

Yuzhe Bai , Gaoxiang Gu

引用次数: 0

Trade-off theory vs. the pecking order hypothesis: Japanese evidence on capital structure under financial constraints 权衡理论与等级秩序假说：金融约束下资本结构的日本证据

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-23 DOI: 10.1016/j.strueco.2025.06.004

Konstantinos Voutsinas , Richard A. Werner

{"title":"Trade-off theory vs. the pecking order hypothesis: Japanese evidence on capital structure under financial constraints","authors":"Konstantinos Voutsinas , Richard A. Werner","doi":"10.1016/j.strueco.2025.06.004","DOIUrl":"10.1016/j.strueco.2025.06.004","url":null,"abstract":"<div><div>This paper investigates the explanatory power of the two predominant theories of capital structure, the trade-off theory and the pecking order hypothesis, in accounting for financial policy decisions of Japanese corporations. We conduct a “horse race” test similar to the one utilized in the seminal papers of Shyam-Sunder and Myers (1999) and Frank and Goyal (2009). This is the first paper to take into consideration the effect of monetary conditions and financial constraints on the performance of these two theories. The data set used includes 1528 public and 2143 private companies and covers the period of 1980–2007, thus employing 60,037 observations. We show that economic conditions affect the performance of the two models. The pecking order hypothesis works best during the high growth period of the 1980s, while the trade-off theory is the best performer during the stagnant growth period of the 1990s and the subsequent credit crunch. Our results also indicate that the explanatory power of these two theories varies for different groups of firms. The trade-off theory works best for companies with low levels of leverage while the pecking order hypothesis performs best for private companies and companies with high levels of leverage.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 944-962"},"PeriodicalIF":5.0,"publicationDate":"2025-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144556899","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

Urban sprawl and environmentally sensitive productivity: Is urban sprawl a green spread? 城市扩张与环境敏感性生产力：城市扩张是一种绿色扩张吗？

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-20 DOI: 10.1016/j.strueco.2025.06.011

Meiting Fan , Kaili Ma , Shuai Shao , Hui Wang , Ying Zhang

引用次数: 0