Structural Change and Economic Dynamics最新文献

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From energy consumption control to carbon emission control in fossil and renewable energy rich regions: A general equilibrium analysis of Inner Mongolia 从能源消费控制到碳排放控制:内蒙古的一般均衡分析
IF 5.5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-07-26 DOI: 10.1016/j.strueco.2025.07.007
Qiushi Huang , Yong Geng , Zhongjue Yu
{"title":"From energy consumption control to carbon emission control in fossil and renewable energy rich regions: A general equilibrium analysis of Inner Mongolia","authors":"Qiushi Huang ,&nbsp;Yong Geng ,&nbsp;Zhongjue Yu","doi":"10.1016/j.strueco.2025.07.007","DOIUrl":"10.1016/j.strueco.2025.07.007","url":null,"abstract":"<div><div>China has proposed to shift from energy consumption control to carbon emission control. However, little attention has been paid to its impact on Fossil and Renewable Energy-rich Regions (FRERs). This study employs a Computable General Equilibrium (CGE) model to evaluate the impacts of such a transition policy in Inner Mongolia – a typical FRER. Several scenarios are established to implement a nationwide Emissions Trading System (ETS) and target control policies on energy consumption and carbon emissions. The results show that promoting low carbon transition through ETS would help Inner Mongolia peak its carbon emission before 2030 and promote GDP, with a maximum 0.19 % rise in 2030. The target control policies would distort the optimal allocation of abatement burdens, leading to economic losses which would be more obvious under the context of carbon emissions control. These findings offer critical insights for policymakers to coordinate national and subnational carbon abatement policies and promote low carbon transition.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 188-198"},"PeriodicalIF":5.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144748932","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 Supply chain spillovers of Pilot Free Trade Zones on GVC upgrading of Chinese firms 自由贸易试验区供应链溢出对中国企业全球价值链升级的影响
IF 5.5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-08-26 DOI: 10.1016/j.strueco.2025.08.011
Yongming Huang , Xin Li , Changwei Liu
{"title":"The Supply chain spillovers of Pilot Free Trade Zones on GVC upgrading of Chinese firms","authors":"Yongming Huang ,&nbsp;Xin Li ,&nbsp;Changwei Liu","doi":"10.1016/j.strueco.2025.08.011","DOIUrl":"10.1016/j.strueco.2025.08.011","url":null,"abstract":"<div><div>Pilot Free Trade Zones (PFTZs) represent a pivotal national strategy for advancing China’s high-quality opening up, which offer a quasi-natural experiment to test the supply chain spillovers. By constructing the panel data of Chinese A-share listed firms during the period of 2008 to 2016, this study examines the spillover effects of PFTZs on firms’ GVC positions through supply chain linkages utilizing DID method. The results indicate that PFTZs significantly improve GVC positions of both upstream and downstream firms. Specifically customers in PFTZs enhance their suppliers’ GVC positions by triggering innovation, while suppliers in PFTZs facilitate their customers’ GVC upgrading through cost reduction. These spillovers exhibit significant heterogeneity across financial constraints, market concentration, and regions. In addition, this study reveals that PFTZs exert significantly negative effects on GVC positions of downstream SMEs, whereas the positive effects on upstream SMEs’ GVC positions are not statistically significant. The implication of these findings is that greater policy attention should be paid to supply chain spillover mechanisms, considering their heterogeneous effects across customers, suppliers, and regions.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 439-450"},"PeriodicalIF":5.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145104593","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
Digitalisation, e-Governance and the informal sector 数字化、电子政务和非正规部门
IF 5.5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-09-11 DOI: 10.1016/j.strueco.2025.08.007
Dibyendu Maiti, Bhavna Khari
{"title":"Digitalisation, e-Governance and the informal sector","authors":"Dibyendu Maiti,&nbsp;Bhavna Khari","doi":"10.1016/j.strueco.2025.08.007","DOIUrl":"10.1016/j.strueco.2025.08.007","url":null,"abstract":"<div><div>This paper shows that digitalisation does not necessarily reduce the size of informality and would depend on the rule of law and effective judicial systems. We build a simple model with heterogeneous labour markets where the formal sector firms meet the tax required for digitalisation and e-Governance for the informal transactions, avoiding the tax burden. Digitalisation that increases the chances of being caught in informal transactions directly encourages formal activities. However, it demands higher taxation, which works in the opposite direction. The relative strength of these two forces determines the size of informality, suggesting a non-linear relationship. The enforcement of minimum wage or productivity requirements may raise the size of informality. The econometric results from cross-country panel data for around 152 countries from 1990 to 2017 revealed a U-shaped relationship between informality and digitalisation. However, the negative impact gets stronger under the improved judiciary system and rule of law.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 451-463"},"PeriodicalIF":5.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145104467","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
Before modern growth. Italy’s GDP 1660-1913 在现代经济增长之前。意大利1660-1913年的GDP
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-06-08 DOI: 10.1016/j.strueco.2025.06.001
Paolo Malanima
{"title":"Before modern growth. Italy’s GDP 1660-1913","authors":"Paolo Malanima","doi":"10.1016/j.strueco.2025.06.001","DOIUrl":"10.1016/j.strueco.2025.06.001","url":null,"abstract":"<div><div>The aim of this work is to present annual series of GDP in Italy from 1660 to the Unification of the country in 1861. Given the lack of primary information on the product in the period we are dealing with, the elaboration follows an indirect method. Price and wage series are used to quantify agriculture in GDP. The non-agricultural GDP is reconstructed through urbanisation. The result is that per capita product declined from the 1730s to the 1880s. From the 1880s onwards, the Italian economy recovered rapidly and began its modern growth. The new GDP series 1660–1860, linked to the recently revised national accounts series from 1861 to 1913, makes it possible to place the beginning of modern Italian growth in a long-term perspective.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 147-162"},"PeriodicalIF":5.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144364953","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
How green finance policy catalyzes innovation in industrial clusters: Lessons from China’s new energy vehicle sector 绿色金融政策如何促进产业集群创新:中国新能源汽车行业的经验教训
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-05-06 DOI: 10.1016/j.strueco.2025.05.005
Chao Liu , Jin Zhang , Chao Wang , Zhonglin Ma
{"title":"How green finance policy catalyzes innovation in industrial clusters: Lessons from China’s new energy vehicle sector","authors":"Chao Liu ,&nbsp;Jin Zhang ,&nbsp;Chao Wang ,&nbsp;Zhonglin Ma","doi":"10.1016/j.strueco.2025.05.005","DOIUrl":"10.1016/j.strueco.2025.05.005","url":null,"abstract":"<div><div>The new energy vehicles (NEVs) sector is a strategic industry within China’s national energy framework, making the exploration of green finance policy’s impact on NEV industry clusters crucial for driving innovation and industry upgrades. This study bases the research on the NEV industry clusters using the Chinese A-share listed NEV enterprises as research samples from 2012 to 2022. Utilizing the difference-in-differences (DID) approach, the study examines clusters’ performance in green innovation after green finance policy is implemented. The findings indicate that green finance policy stimulates green innovation by alleviating financing constraints and enhancing collaboration among enterprises. Additionally, R&amp;D investments boost green finance policy to drive corporate innovation. Notably, green finance policy exerts a more profound impact on enterprises in the central and western regions, especially small and medium-sized enterprises (SMEs) and experienced enterprises. This research sheds light on the intricate mechanisms and varying impacts of green finance policy, serving as a roadmap for enhancing government strategies, fostering superior growth and sustainable innovation in the NEVs sector.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 20-31"},"PeriodicalIF":5.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143931764","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
Data assets, supply chain spillovers, and corporate ESG development — Evidence from Chinese listed companies 数据资产、供应链溢出与企业ESG发展——来自中国上市公司的证据
IF 5.5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-10-30 DOI: 10.1016/j.strueco.2025.10.017
Ruibing Ji , Shengling Zhang , Wenxuan Cao , Yu Hao , Nuo Wang
{"title":"Data assets, supply chain spillovers, and corporate ESG development — Evidence from Chinese listed companies","authors":"Ruibing Ji ,&nbsp;Shengling Zhang ,&nbsp;Wenxuan Cao ,&nbsp;Yu Hao ,&nbsp;Nuo Wang","doi":"10.1016/j.strueco.2025.10.017","DOIUrl":"10.1016/j.strueco.2025.10.017","url":null,"abstract":"<div><div>Driven by the Sustainable Development Goals, corporate ESG performance has increasingly become a key indicator of high-quality development and corporate accountability. As an emerging production factor, data assets (DA) are reshaping firms’ resource allocation and governance models. Understanding how data assets affect ESG helps integrate digital transformation and sustainable development strategies. Motivated by both the current theoretical gap and the practical demands of digital governance, this study employs panel data on Chinese listed companies spanning 2009–2023 to examine the complex influence of DA on ESG. Results show that data assets enhance ESG over the long term, although a temporary early-stage dampening effect is observed. Mechanism analyses indicate that data assets indirectly influence ESG through three main channels: capability improvement, resource empowerment, and governance optimization. The moderating effects indicate that this influence is stronger when supported by robust physical infrastructure and a conducive institutional environment. Further analysis identifies a forward spillover effect, in which data assets significantly improve ESG performance in downstream firms through supply-chain linkages. This spillover is more pronounced in companies with proprietary data assets, high interdependence, and similar ownership structures. This study addresses a gap in the existing literature by incorporating both the nonlinear dynamics and spillover characteristics of DA. It reveals how digital resource allocation, through structural transformation, fosters sustainable transitions within firms and across supply chains, offering a practical foundation for managers and policymakers to promote synergy between data governance and green development.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 880-894"},"PeriodicalIF":5.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145473615","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
A synthetic investigation at the root causes of inflation in Greece 对希腊通货膨胀根源的综合调查
IF 5.5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-11-04 DOI: 10.1016/j.strueco.2025.11.002
Dimitris Paitaridis , Christos Pierros
{"title":"A synthetic investigation at the root causes of inflation in Greece","authors":"Dimitris Paitaridis ,&nbsp;Christos Pierros","doi":"10.1016/j.strueco.2025.11.002","DOIUrl":"10.1016/j.strueco.2025.11.002","url":null,"abstract":"<div><div>In this paper, we examine the elasticities of the cost factors that drive prices in Greece. Based on Eichner, we apply an extended cost-plus pricing approach in a multi-sector panel model. Specifically, we integrate technological, fiscal and monetary factors in the standard Kaleckian price formula. Our results are able to explain the drivers of the current phase of inflation but also to highlight the impact of the re-structuring of the Greek economy that took place during the past decade on price formation. For instance, the pass through from intermediate input to output prices has increased significantly, since 2009. Additionally, the econometric model performs better when the sample is divided in Industry and Services. However, when firms engage in a deleveraging process the explanatory power of the cost-plus pricing framework is constrained.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 937-948"},"PeriodicalIF":5.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145525642","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
Do the economic policies of Japan’s “New form of capitalism” create a virtuous cycle of growth and distribution? 日本“新型资本主义”的经济政策是否创造了增长和分配的良性循环?
IF 5.5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-09-16 DOI: 10.1016/j.strueco.2025.08.018
Hiroaki Sasaki, Aya Mizutani
{"title":"Do the economic policies of Japan’s “New form of capitalism” create a virtuous cycle of growth and distribution?","authors":"Hiroaki Sasaki,&nbsp;Aya Mizutani","doi":"10.1016/j.strueco.2025.08.018","DOIUrl":"10.1016/j.strueco.2025.08.018","url":null,"abstract":"<div><div>In contemporary Japan, the realization of a virtuous cycle of growth and distribution (i.e., how the “new form of capitalism” should be) has been discussed. To examine the validity of economic policies suggested by the new form of capitalism, we present a Kaleckian model that considers the wage gap among workers and the retained earnings of firms, and investigate the effects of minimum wage, the rate of retained earnings, and managerial profit sharing on growth and distribution. We reveal that a decrease in the rate of retained earnings and an increase in managerial profit sharing do not lead to a virtuous cycle of growth and distribution, whereas a rise in the minimum wage increases the income share of workers and the economic growth rate. However, an increase in the minimum wage has a negative impact on employment, whereas a decline in the rate of retained earnings and an expansion of managerial profit sharing have a positive effect.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 501-512"},"PeriodicalIF":5.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145104466","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
ESG in Dynamic Stochastic General Equilibrium (DSGE): Driving Forces for SDGs 动态随机一般均衡中的ESG:可持续发展目标的驱动力
IF 5.5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-08-31 DOI: 10.1016/j.strueco.2025.08.015
Sheng Zhang , Yifu Yang , Yijie Zhao , Ya Wang , Jiming Hao
{"title":"ESG in Dynamic Stochastic General Equilibrium (DSGE): Driving Forces for SDGs","authors":"Sheng Zhang ,&nbsp;Yifu Yang ,&nbsp;Yijie Zhao ,&nbsp;Ya Wang ,&nbsp;Jiming Hao","doi":"10.1016/j.strueco.2025.08.015","DOIUrl":"10.1016/j.strueco.2025.08.015","url":null,"abstract":"<div><div>As global attention to sustainability grows, integrating Environmental, Social, and Governance (ESG) factors into macroeconomic models is crucial for understanding their impact on achieving Sustainable Development Goals (SDGs). This study develops a Dynamic Stochastic General Equilibrium (DSGE) model, validated with a Structural Vector Autoregression (SVAR) model, to assess how ESG factors act as driving forces for the SDGs. The findings reveal that ESG investments, particularly those enhancing environmental quality, involve a short-term trade-off with consumption but lead to long-term capital accumulation, improved production efficiency, and macroeconomic stability. Empirical analysis using data from China confirms the positive impact of ESG factors on consumption and capital. This study highlights the critical value of incorporating ESG into economic modeling, providing key quantitative insights for policymakers formulating strategies t hat promote sustainable development.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 301-312"},"PeriodicalIF":5.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144931997","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
International crises, national scale, and economic resilience in the 21st century 21世纪的国际危机、国家规模和经济弹性
IF 5.5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-09-22 DOI: 10.1016/j.strueco.2025.09.007
Yao Ouyang , Min Lu , Zisheng Ouyang
{"title":"International crises, national scale, and economic resilience in the 21st century","authors":"Yao Ouyang ,&nbsp;Min Lu ,&nbsp;Zisheng Ouyang","doi":"10.1016/j.strueco.2025.09.007","DOIUrl":"10.1016/j.strueco.2025.09.007","url":null,"abstract":"<div><div>Based on the theoretical connotation of economic resilience, this article constructs an evaluation system of 21 basic indicators-including economic development level, territorial area, and total grain output-to assess economic resilience. Using the entropy method, we calculated the economic resilience, resistance resilience, and recovery resilience of 47 countries from 2006 to 2022, and conducted an in-depth analysis of the development trends of economic resilience across countries of different scales. Furthermore, the TVP-VAR model was employed to investigate the impact of economic resilience on economic development under the shocks of international crises in the 21st century. The results indicate that although global economic resilience was impacted by multiple crises, it generally showed a fluctuating upward trend. The 2008 global financial crisis and the 2014–2016 El Niño event primarily affected resistance resilience. However, the former led to a decrease in the average level of global economic resilience, while the latter only slowed its rate of improvement. The COVID-19 pandemic caused a global production halt, resulting in significant declines in both resistance and recovery resilience. National scale factors—such as governance capacity, population size, territorial area, gross domestic product, global economic influence, and income level—significantly influence economic resilience. Large countries can leverage their scale advantages to demonstrate strong resilience. International crises have triggered imbalances in global economic resilience and significantly impacted national economic development, with varying effects depending on the scale of the economy. Large countries experienced shorter shock durations and quicker recoveries, whereas small economies faced longer and more unstable recovery processes.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"75 ","pages":"Pages 618-637"},"PeriodicalIF":5.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145227229","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
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