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

Diverging paths: AI exposure and employment across European regions

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-09 DOI: 10.1016/j.strueco.2024.12.010

Dario Guarascio , Jelena Reljic , Roman Stöllinger

引用次数: 0

The rise and fall of inflation in the Euro Area (2021-2024): A heterodox perspective

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-09 DOI: 10.1016/j.strueco.2024.12.004

Vicente Ferreira , Alexandre Abreu , Francisco Louçã

{"title":"The rise and fall of inflation in the Euro Area (2021-2024): A heterodox perspective","authors":"Vicente Ferreira , Alexandre Abreu , Francisco Louçã","doi":"10.1016/j.strueco.2024.12.004","DOIUrl":"10.1016/j.strueco.2024.12.004","url":null,"abstract":"<div><div>Over the period of 2021–2024, inflation has resurged and then retreated in most industrialized countries. Economists were divided into two main camps: team transitory, which argued that inflationary pressures were primarily cost-push and would tend to fade away as supply disruptions eased, and team permanent, which viewed it as a predominantly demand-pull process and warned about the risks of persistent second-round effects associated with an overheated labor market. This paper covers this theoretical debate on the origins of inflation and contrasts it to the available empirical evidence for the Euro Area, laying out several inconsistencies in the New Keynesian argument proposed by team permanent. Since that was, nevertheless, the predominant interpretation among central bankers, including the ECB, this paper also discusses the impacts of monetary policy decisions informed by the New Keynesian view, arguing that there is good reason to believe that it has had regressive consequences in terms of the functional distribution of income as well as differentiated impacts across Euro Area core and periphery countries.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 103-110"},"PeriodicalIF":5.0,"publicationDate":"2024-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326157","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

The impact of green finance on energy transition and carbon emission targets: Exploring the double threshold and spatial spillover effects among the regions

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-09 DOI: 10.1016/j.strueco.2024.12.012

Chonghui Zhang , Cong Wang , Huanhuan Jin , Mo Xu , Tomas Balezentis , Leonardo Agnusdei

{"title":"The impact of green finance on energy transition and carbon emission targets: Exploring the double threshold and spatial spillover effects among the regions","authors":"Chonghui Zhang , Cong Wang , Huanhuan Jin , Mo Xu , Tomas Balezentis , Leonardo Agnusdei","doi":"10.1016/j.strueco.2024.12.012","DOIUrl":"10.1016/j.strueco.2024.12.012","url":null,"abstract":"<div><div>Green finance, by adding environmental considerations into financial products, guides industries toward low-carbon transformation and quickens the decline of carbon emissions across society. However, existing studies fail to identify the spatial correlation effects and the driving mechanisms of their impact, so in order to further clarify the causal pathways of the impact of green finance on carbon emissions, this paper investigates the influence of green finance on carbon emissions through the application of the double threshold model and the spatial Durbin model. By drawing on provincial-level data from China covering 2012 to 2021, this paper uncovers regional heterogeneity in the influence of green finance on carbon emissions. Particularly, while green finance in the eastern and western regions substantially limits carbon emissions, it ironically fuels carbon emissions in the central region. Based on this finding, the double threshold model is used to investigate further the abrupt process of green finance on carbon emissions from “nonsignificant inhibition - significant promotion - significant inhibition.” In addition, this work verifies that green finance employs a spatial inhibitory influence on carbon emissions, where an improvement in the level of green finance in the vicinity controls carbon emissions within the region. Through mechanism testing, this paper recognizes the upgrade of the industrial structure in the region as an intermediary factor favorable to attaining carbon emission reduction. By supplying empirical evidence, this paper facilitates a more accurate assessment of the influence of green finance on carbon emissions and provides a quantitative basis for green finance policies to help China meet its dual carbon goals.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"73 ","pages":"Pages 1-10"},"PeriodicalIF":5.0,"publicationDate":"2024-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143346025","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

IT liberalization, trade expansion, and firm innovation: Evidence from China

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-08 DOI: 10.1016/j.strueco.2024.12.011

Chao Fang , Peng Wu , Xiaoyan Yu , Chao Zhang

引用次数: 0

Structural change in Morocco: Rethinking industrial policies

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-07 DOI: 10.1016/j.strueco.2024.12.008

Wissal Sahel, Idriss El Abbassi

引用次数: 0

Structural change and its discontents

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-06 DOI: 10.1016/j.strueco.2024.12.009

Marco Rodolfo Di Tommaso , Elena Prodi , Dante Di Matteo , Elisa Barbieri

引用次数: 0

Roof or real estate? An agent-based model of housing affordability in The Netherlands

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-05 DOI: 10.1016/j.strueco.2024.11.014

Ruben Tarne, Dirk Bezemer

引用次数: 0

Is artificial intelligence leading to a new technological paradigm?

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-05 DOI: 10.1016/j.strueco.2024.12.006

Giacomo Damioli , Vincent Van Roy , Daniel Vertesy , Marco Vivarelli

{"title":"Is artificial intelligence leading to a new technological paradigm?","authors":"Giacomo Damioli , Vincent Van Roy , Daniel Vertesy , Marco Vivarelli","doi":"10.1016/j.strueco.2024.12.006","DOIUrl":"10.1016/j.strueco.2024.12.006","url":null,"abstract":"<div><div>Artificial intelligence (AI) is emerging as a transformative innovation with the potential to drive significant economic growth and productivity gains. This study examines whether AI is initiating a technological revolution, signifying a new technological paradigm, using the perspective of evolutionary neo-Schumpeterian economics. Using a global dataset combining information on AI patenting activities and their applicants between 2000 and 2016, our analysis reveals that AI patenting has accelerated and substantially evolved in terms of its pervasiveness, with AI innovators shifting from the ICT core industries to non-ICT service industries over the investigated period. Moreover, there has been a decrease in concentration of innovation activities and a reshuffling in the innovative hierarchies, with innovative entries and young and smaller applicants driving this change. Finally, we find that AI technologies play a role in generating and accelerating further innovations (so revealing to be “enabling technologies”, a distinctive feature of GPTs). All these features have characterised the emergence of major technological paradigms in the past and suggest that AI technologies may indeed generate a paradigmatic shift or, at least, a major radical transformation within the ICT paradigm.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 347-359"},"PeriodicalIF":5.0,"publicationDate":"2024-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326285","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

Higher prices in a more competitive market: The paradox in the retail electricity market in the United Kingdom

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-05 DOI: 10.1016/j.strueco.2024.12.001

Huanhuan Chen , Jinke Li , Nigel O'Leary , Jing Shao

{"title":"Higher prices in a more competitive market: The paradox in the retail electricity market in the United Kingdom","authors":"Huanhuan Chen , Jinke Li , Nigel O'Leary , Jing Shao","doi":"10.1016/j.strueco.2024.12.001","DOIUrl":"10.1016/j.strueco.2024.12.001","url":null,"abstract":"<div><div>The UK retail electricity market experienced a decline in market concentration as new suppliers (retailers) competed with traditional incumbents. Concurrently, consumer-funded schemes were implemented to support low-carbon electricity generation. To disentangle the effects of these two developments on the retail price, an autoregressive distributed lag (ARDL) cointegration model was applied to monthly data from 2010 to 2019. Results indicate that, while the costs of consumer-funded schemes contributed to the rising retail price, the declining market concentration unexpectedly pushed the retail price upward. Analysis of the six large suppliers shows that incumbents struggled to lower indirect costs as sales volumes fell, passing higher indirect costs per megawatt-hour to consumers. However, due to competitive pressure from new suppliers, incumbents were constrained from raising retail prices to fully cover these higher costs, resulting in lower profit margins. Thus, competition was evident not through lower retail prices but through its effect on incumbents' profitability.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 374-390"},"PeriodicalIF":5.0,"publicationDate":"2024-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326281","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

Do ICT trade balances and natural resources foster carbon emissions? The role of government effectiveness and green technology innovation

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-12-02 DOI: 10.1016/j.strueco.2024.12.007

Muhammad Irfan , Abdul Quddus , Farrukh Shahzad , Yanfei Wang

引用次数: 0