Structural Change and Economic Dynamics最新文献_第4页

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

Do cost increases push up profit mark-ups? Evidence from Türkiye on profit inflation 成本增加会推高利润吗？来自<s:1>工业银行协会关于利润膨胀的证据

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-20 DOI: 10.1016/j.strueco.2025.06.013

Mucahid Samet Yilmaz, Umut Uzar

引用次数: 0

Aggregation effect of economic freedom and total factor productivity growth with biased technological change 偏倚技术变革下经济自由与全要素生产率增长的聚集效应

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-20 DOI: 10.1016/j.strueco.2025.06.010

Xiaoke Li, Zhipeng Xu, Xiaoping Li

{"title":"Aggregation effect of economic freedom and total factor productivity growth with biased technological change","authors":"Xiaoke Li, Zhipeng Xu, Xiaoping Li","doi":"10.1016/j.strueco.2025.06.010","DOIUrl":"10.1016/j.strueco.2025.06.010","url":null,"abstract":"<div><div>Economic freedom has an important impact on total factor productivity (TFP) growth; however, the impact of different sources that comprise economic freedom is not clear and the effect of biased technological change has not been considered. This paper presents an exploration of the impact of economic freedom on TFP growth with biased technological change in terms of heterogeneity in the composition of economic freedom. This paper uses the Economic Freedom Index and its five subdimension indices from the Fraser Institute, introduces the biased technological change hypothesis, and demonstrates the impact of economic freedom and its aggregate effects on TFP growth with biased technological change. Panel analysis was conducted using data from 64 sample economies between 1980 and 2019. The empirical test results indicate the following: First, an increase in the level of economic freedom has significantly promoted TFP growth with biased technological chang but excessive economic freedom leads to a reversal in TFP growth with biased technological change, which can be mitigated by effective improvements in government size. Second, economic freedom in different dimensions and sectors not only independently influences TFP growth with biased technological change as an individual factor within a systemic whole but also collaboratively affects TFP growth with biased technological change to produce complex aggregation effects. Especially when promoting international trade and investment freedom, choosing to indiscriminately relax credit, labor, and business regulations may stimulate excessive flows of international capital and speculative activities, thereby worsening TFP growth with biased technological change.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 855-877"},"PeriodicalIF":5.0,"publicationDate":"2025-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144501718","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

Retraction notice to “Can the digital economy facilitate the optimization of industrial structure in resource-based cities?” [Structural Change and Economic Dynamics 71 (2024) 405-416] “数字经济能否促进资源型城市产业结构优化？”[结构变化和经济动态71 (2024)405-416]

IF 5.5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-19 DOI: 10.1016/j.strueco.2025.06.002

Qiming Zhang , Xuan Zhao

{"title":"Retraction notice to “Can the digital economy facilitate the optimization of industrial structure in resource-based cities?” [Structural Change and Economic Dynamics 71 (2024) 405-416]","authors":"Qiming Zhang , Xuan Zhao","doi":"10.1016/j.strueco.2025.06.002","DOIUrl":"10.1016/j.strueco.2025.06.002","url":null,"abstract":"<div><div>This article has been retracted: please see Elsevier Policy on Article Withdrawal (<span><span>https://www.elsevier.com/about/policies/article-withdrawal</span><svg><path></path></svg></span>).</div><div>This article has been retracted at the request of the <strong>Editors-in-Chief</strong>.</div><div><strong><em>Structural Change and Economic Dynamics</em></strong> was alerted to potential plagiarism issues with the paper on 15<sup>th</sup> January, 2025. The Editors-in-Chief of <strong><em>Structural Change and Economic Dynamics</em></strong> substantiated the plagiarism allegation as the evidence clearly shows that this paper is merely a replication of the first paper listed below, featuring nearly identical equations, tables, and even similar conclusions and implications, albeit with a different dataset, and without appropriate citations for both the two papers listed below.</div><div><span><span>数字经济,创业活跃度与高质量发展——来自中国城市的经验证据</span><svg><path></path></svg></span></div><div><span><span>数字金融与资源型地区产业结构转型升级——基于109个资源型城市的实证分析</span><svg><path></path></svg></span></div><div>The authors disagreed with the finding of plagiarism, and stated that it is common practice for Chinese scholars to remove Chinese references before publishing articles in English journals. The Editors-in-Chief do not find the authors' justification convincing, and have lost confidence in the integrity and validity of the article. Consequently, the Editor-in-Chief team have therefore decided to retract the article. The scientific community takes a very strong view on this matter and apologies are offered to readers of the journal that this was not detected during the publication process.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Page 1047"},"PeriodicalIF":5.5,"publicationDate":"2025-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144841045","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

Beyond informal employment: Stagnation and disguised employment in Brazil 非正规就业之外：巴西的停滞和变相就业

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-17 DOI: 10.1016/j.strueco.2025.06.009

Carolina Troncoso Baltar , Esther Dweck , Marília Bassetti Marcato , Camila Unis Krepsky

{"title":"Beyond informal employment: Stagnation and disguised employment in Brazil","authors":"Carolina Troncoso Baltar , Esther Dweck , Marília Bassetti Marcato , Camila Unis Krepsky","doi":"10.1016/j.strueco.2025.06.009","DOIUrl":"10.1016/j.strueco.2025.06.009","url":null,"abstract":"<div><div>This study analyses the Brazilian labour market from 2014 to 2019, focusing on the impact of the country's growth pattern on rising informal and self-employment. After a period of economic growth, Brazil faced a recession (2015–2016) and stagnation (2016–2019). Austerity-driven reforms were implemented, weakening policies aimed at stimulating growth, reducing unemployment, and improving formalization. Using structural decomposition analysis within a demand-driven input-output model, the study examines how changes in demand components affected employment by sector, formalization, and occupational status. Key findings reveal that the slow economic recovery, characterized by limited investment and government spending, led to a significant shift from formal to informal employment and self-employment, especially in service sectors. While discussing the diversity hidden within the occupational category of self-employed workers, the research also explores the specific characteristics of this category, providing insights to understand possible disguised employment as part of a structural transformation.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 814-828"},"PeriodicalIF":5.0,"publicationDate":"2025-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144480654","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

Environmental tone and carbon market behavior: Understanding market dynamics through corporate environmental attitudes in China 环境基调与碳市场行为：通过中国企业的环境态度了解市场动态

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-16 DOI: 10.1016/j.strueco.2025.06.007

Haoyu Wang , Kefu Lyu

{"title":"Environmental tone and carbon market behavior: Understanding market dynamics through corporate environmental attitudes in China","authors":"Haoyu Wang , Kefu Lyu","doi":"10.1016/j.strueco.2025.06.007","DOIUrl":"10.1016/j.strueco.2025.06.007","url":null,"abstract":"<div><div>Environmental awareness and attitudes are critical for carbon neutrality and emission reduction, yet they often receive inadequate attention. This study addresses this by analyzing the environmental tone in MD&A reports of Chinese listed energy supply companies from 2000 to 2022 and assessing its impact on carbon emission allowance (CEA) price return and volatility, through regime heterogeneous autoregressive regression (regime-HAR) model with alternative models to confirm robustness, and discussing the related mechanisms. Our findings reveal that a positive environmental tone drives higher CEA returns and volatility while reducing autocorrelations, largely due to increased market participation during such periods. Additionally, rising CEA prices reinforce future positive environmental tones among companies. The positive tone accelerates environmental fees while hindering green investments. In addition, the environmental tone also signals regulatory compliance, policy, and investor expectations. Through these channels, environmental tone in general reduces local district air pollution. We also identify a negative relationship between government green subsidies and environmental tone, probably due to the moral hazard of companies exploiting subsidies. This study provides fresh evidence on how environmental attitudes shape key environmental variables and offers valuable insights for policymakers.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 792-813"},"PeriodicalIF":5.0,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144338539","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

Connecting opportunities: The role of digital infrastructure in household entrepreneurship under China’s ‘broadband China’ initiative 连接机会：中国“宽带中国”倡议下的数字基础设施在家庭创业中的作用

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-16 DOI: 10.1016/j.strueco.2025.06.006

Qiuyue Guo , Jiaxing Wang , Yiwei Liu

引用次数: 0

How coopetition between domestic and multinational firms shapes carbon emissions performance in global supply chains? 国内企业和跨国企业之间的合作如何影响全球供应链中的碳排放绩效？

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2025-06-16 DOI: 10.1016/j.strueco.2025.06.008

Ya-Fang Sun , Bin Su , Shiwei Yu

{"title":"How coopetition between domestic and multinational firms shapes carbon emissions performance in global supply chains?","authors":"Ya-Fang Sun , Bin Su , Shiwei Yu","doi":"10.1016/j.strueco.2025.06.008","DOIUrl":"10.1016/j.strueco.2025.06.008","url":null,"abstract":"<div><div>The importance of climate action, as outlined in the sustainable development goals (SDGs), has promoted firms worldwide to pursue low-carbon transitions. However, the impact of coopetition between domestic and multinational firms within supply chains on global carbon emissions performance remains unexplored. Thus, this study addresses this issue using an inter-country inter-industry Input-Output database (2000–2019) that distinguishes heterogenous firm ownership. The results show that: (1) the competition mechanism between domestic and multinational firms within global supply chains is more effective in improving global carbon emissions performance than the cooperation mechanism; (2) although the competition mechanism can enhance carbon emissions performance in developing countries, supply chains of purely multinational firms under this mechanism exacerbate the widening gap between developed and developing countries in balancing carbon emissions and value added; (3) key regions that determine the carbon emissions performance of global supply chains are significantly affected by coopetition mechanisms, whereas key economic sectors and final demands are not; and (4) coopetition mechanisms reshape the driving role of carbon intensity effect and demand structure effect on carbon emissions performance of various global supply chains, but the production structure effect remains largely unaffected.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"74 ","pages":"Pages 829-840"},"PeriodicalIF":5.0,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144490207","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