Structural Change and Economic Dynamics最新文献

Commodity import price rising and production stability of Chinese firms

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-22 DOI: 10.1016/j.strueco.2025.02.009

Hao Wei , Yuan Liu

{"title":"Commodity import price rising and production stability of Chinese firms","authors":"Hao Wei , Yuan Liu","doi":"10.1016/j.strueco.2025.02.009","DOIUrl":"10.1016/j.strueco.2025.02.009","url":null,"abstract":"<div><div>Using Chinese Industrial Enterprise data, we examine the impacts of rising commodity import prices on the production activities of Chinese enterprises. We find that increases in commodity import prices lead to a decline in production growth rates and an increase in both short-term and long-term production volatility. The underlying mechanisms of these effects include increasing production costs, an increase in inventories of non-manufactured goods, and a reduction in product competitiveness. Notably, we find that import price increases for essential raw materials, energy, and chemical commodities, as well as those with high import dependence, exert a more significant influence on production volatility. Moreover, supply-side structural reforms and the Belt and Road Initiative prove beneficial in mitigating the adverse effects of rising commodity import prices on Chinese enterprises' production. However, the Russia-Ukraine crisis adversely impacts Chinese enterprises' production by pushing up international commodity prices. Our study offers valuable insights into the transmission of international risks and their ramifications for the production of domestic enterprises in China. The conclusions derived from our research are essential for guiding Chinese enterprises in mitigating external risks and preserving production stability.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"73 ","pages":"Pages 434-448"},"PeriodicalIF":5.0,"publicationDate":"2025-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143512166","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

Income inequality in times of high inflation in Europe

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-21 DOI: 10.1016/j.strueco.2025.02.011

Massimo Aprea, Michele Raitano

{"title":"Income inequality in times of high inflation in Europe","authors":"Massimo Aprea, Michele Raitano","doi":"10.1016/j.strueco.2025.02.011","DOIUrl":"10.1016/j.strueco.2025.02.011","url":null,"abstract":"<div><div>In inequality studies economic wellbeing is usually measured in terms of nominal incomes, which are compared over time by using a uniform price index. This prevents from adequately taking account of the effects of inflation on the distribution of living standards. To overcome these limits, we propose to consider income net of the spending for basic goods as the proxy of economic wellbeing. Such approach allows to account for the impact on inequality of the heterogeneity in the share of income spent for these goods and in the inflation rates across goods. We test this approach through an empirical exercise for 5 major EU countries, based on the 2020 wave of the EU-SILC which records household spending for food. Referring to inflation rates occurred in 2020–2023, we investigate: i) the changes of inequality when income net of food spending is considered as the proxy of economic wellbeing; ii) the ‘direct’ change of inequality when food price increases; iii) the capacity of a ‘uniform’ rise in incomes to counteract the effects of an increase in food price. We find that inequality largely increases when incomes are considered net of the spending for food and when such spending is inflated and this effect is driven by the declining ratio between food spending and household income along the income distribution. Inequality also rises if all incomes increase according to the average inflation rate, because of the higher relative spending of poorer households on a good, such as food, characterised by a higher-than-average inflation rate.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"73 ","pages":"Pages 449-459"},"PeriodicalIF":5.0,"publicationDate":"2025-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143528970","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}

引用次数: 0

Robot, trade and employment: Unravelling the relationship within the European context

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-15 DOI: 10.1016/j.strueco.2025.02.004

Chiara Franco , Francesco Suppressa

引用次数: 0

The impact of supply chain digitization on the carbon emissions of listed companies—A quasi-natural experiment in China

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-13 DOI: 10.1016/j.strueco.2025.02.007

Chenyu Meng , Yongsheng Lin

{"title":"The impact of supply chain digitization on the carbon emissions of listed companies—A quasi-natural experiment in China","authors":"Chenyu Meng , Yongsheng Lin","doi":"10.1016/j.strueco.2025.02.007","DOIUrl":"10.1016/j.strueco.2025.02.007","url":null,"abstract":"<div><div>Integrating digital technology into supply chain development strengthens supply chain digitization, improving technical communication and transparency at various nodes. This study examines the effect of supply chain digitization on the carbon emissions of listed companies and their transmission mechanisms, leveraging the quasi-natural experiment of China's 2018 Supply Chain Innovation and Application pilot policy. The findings reveal that implementing supply chain digitization led to a 5.4% reduction in carbon emissions in pilot companies compared with nonpilot counterparts, according to 2012–2022 data on 2,828 listed companies. Mechanism analysis indicates that supply chain digitization achieves emission reductions mainly by facilitating green technological innovation and alleviating information asymmetry. Heterogeneity analysis reveals more potent effects in central regions, resource-rich areas, firms with concentrated supply chains, long inventory turnover, and high-tech or heavily polluting industries. This study offers valuable insights for optimizing policies to strengthen supply chain digitization and assist companies in reducing their carbon emissions.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"73 ","pages":"Pages 392-406"},"PeriodicalIF":5.0,"publicationDate":"2025-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143437660","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

Legal gender equality as a catalyst for convergence

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-12 DOI: 10.1016/j.strueco.2025.02.003

Can Sever

引用次数: 0

China's import competition, innovation strategies, and the role of unions

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-10 DOI: 10.1016/j.strueco.2025.02.006

Alessia Matano , Paolo Naticchioni

引用次数: 0

The impact of 2008 tax reform on profit shifting of foreign enterprises in China

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-08 DOI: 10.1016/j.strueco.2025.02.005

Mantian Xue, Ge Yan

引用次数: 0

Multi-factor, multi-country testing of the Heckscher-Ohlin theorem without factor price equalization: A critical view

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-05 DOI: 10.1016/j.strueco.2025.02.002

Pablo R. Liboreiro

{"title":"Multi-factor, multi-country testing of the Heckscher-Ohlin theorem without factor price equalization: A critical view","authors":"Pablo R. Liboreiro","doi":"10.1016/j.strueco.2025.02.002","DOIUrl":"10.1016/j.strueco.2025.02.002","url":null,"abstract":"<div><div>Several recent empirical studies conclude that there is evidence in favour of a version of the Heckscher-Ohlin theorem that dispenses with the assumption of factor price equalization. However, many of these studies base their conclusions on small data sets, relating to one or two factors and a not very high level of disaggregation by industry. Moreover, the studies do not always take into account international differences in factor efficiency. In the present study, the Heckscher-Ohlin model is tested by considering data available in the World Input-Output Database (2016 release) for 7 factors, 56 industries and 40 countries plus a composite ‘country’ comprising the rest of the world, and by measuring factor use in efficiency units. Analysing this data sample, it is found that the capital and skill content of trade is only weakly correlated with countries’ factor abundance. This correlation is weaker when international differences in factor use are adjusted for relative factor efficiency and when the level of industry disaggregation increases. Paradoxically, this is not the case for the energy and emissions content of trade.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"73 ","pages":"Pages 354-367"},"PeriodicalIF":5.0,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143378893","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

Impacts of Chinese demand and long term American interest rate on the dynamics of commodity prices

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-02-04 DOI: 10.1016/j.strueco.2025.02.001

Edem Thierry Géraud. ANANI

引用次数: 0

Diversity in banking: How does competition in the Italian banking market affect bank performance?

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-01-30 DOI: 10.1016/j.strueco.2025.01.010

Adalgiso Amendola , Cristian Barra , Marinella Boccia , Anna Papaccio

{"title":"Diversity in banking: How does competition in the Italian banking market affect bank performance?","authors":"Adalgiso Amendola , Cristian Barra , Marinella Boccia , Anna Papaccio","doi":"10.1016/j.strueco.2025.01.010","DOIUrl":"10.1016/j.strueco.2025.01.010","url":null,"abstract":"<div><div>This study examines the theoretical and empirical effects of market competition on bank performance through the lens of institutional diversity (i.e., considering different types of credit institutions interacting in the credit market). In terms of the theoretical framework, interactions between banks are modelled as mixed Cournot competition with strategic interactions between representatives of the same and different categories. Using ABI's BilBank 2000 database and fixed effects estimates, the empirical study investigates the competition-performance nexus in Italy from 1994 to 2015. Theoretical prediction suggests that diversity in less concentrated markets can improve bank performance. The empirical results confirm the theoretical expectation, suggesting that a less concentrated financial system, characterised by a constellation of credit institutions with a high degree of differentiation in ownership structure and objective functions, improves bank performance. Policy makers and regulators should encourage greater competition in the banking market to improve bank performance in a diversified financial environment.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"73 ","pages":"Pages 307-327"},"PeriodicalIF":5.0,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143346361","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}

引用次数: 0