Structural Change and Economic Dynamics最新文献

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Imitation or learning: Exploring the drivers of Special economic zones
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-11-09 DOI: 10.1016/j.strueco.2024.11.001
Roberta Arbolino , Raffaele Boffardi , Mariangela Bonasia , Salvatore Capasso , Luisa De Simone
{"title":"Imitation or learning: Exploring the drivers of Special economic zones","authors":"Roberta Arbolino ,&nbsp;Raffaele Boffardi ,&nbsp;Mariangela Bonasia ,&nbsp;Salvatore Capasso ,&nbsp;Luisa De Simone","doi":"10.1016/j.strueco.2024.11.001","DOIUrl":"10.1016/j.strueco.2024.11.001","url":null,"abstract":"<div><div>This paper aims to explore how European governments approach the diffusion of Special Economic Zones besides the other types of Incentive Zones (Free Trade Zones, Free Zones and Free Ports) by examining whether they engage in comprehensive planning and programming or simply replicate policies based on the reputation of early adopters. The authors propose two reasons for adopting industrial policies: imitation, which involves replicating actions from other countries based on their economic or institutional status, and innovation, which entails adopting policies after carefully analysing their specific impacts. Results show that policymakers approach Incentive Zones establishment in a non-optimal way, that is, through a blind replication of policies already implemented in other countries showing a robust economic performance and a sound institutional background.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 456-466"},"PeriodicalIF":5.0,"publicationDate":"2024-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143325662","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
Technological change and entrepreneurial activities: Evidence from China
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-11-09 DOI: 10.1016/j.strueco.2024.11.006
Lijuan Cui , Yekun Xu
{"title":"Technological change and entrepreneurial activities: Evidence from China","authors":"Lijuan Cui ,&nbsp;Yekun Xu","doi":"10.1016/j.strueco.2024.11.006","DOIUrl":"10.1016/j.strueco.2024.11.006","url":null,"abstract":"<div><div>This study is among the first to examine the impacts of technological change on entrepreneurial activities. Using new registered enterprises data and industrial robot data from 2010 to 2018, we find that robot adoption is broadly negatively associated with regional entrepreneurial activities. However, our analysis reveals a more nuanced understanding, in which robot adoption boosts high-quality entrepreneurial activities in regions, specifically those in technology-based industries, but reduces low-quality entrepreneurial activities. We also find that a favorable labor allocation environment and sufficient labor resources, as well as abundant high-skilled labor resources, can mitigate the negative impact. Credit constraints and the upgrading of industrial structures are effective in mitigating the crowding-out effect. In cities with higher unemployment risks, the negative effect is attenuated. The extent of the negative effect varies depending on the prevailing macroeconomic conditions, and the hukou reform helps to mitigate the negative impact. In addition, robot adoption has a significant spatial spillover effect between adjacent cities. These findings shed light on the effects of industrial robot adoption on local entrepreneurial activities, as well as the role of technological change in fostering entrepreneurial activities. Our findings suggest that it is crucial to grasp the strategic opportunities embedded in technological change to spur entrepreneurship.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 330-346"},"PeriodicalIF":5.0,"publicationDate":"2024-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326278","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
Network spillover effects and path analysis of shocks - An empirical study in China
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-11-07 DOI: 10.1016/j.strueco.2024.11.002
Yuqi Zhang , Huajiao Li , Xiaoqi Sun , Qianyong Tang , Bo Ren , Jianglan Shi
{"title":"Network spillover effects and path analysis of shocks - An empirical study in China","authors":"Yuqi Zhang ,&nbsp;Huajiao Li ,&nbsp;Xiaoqi Sun ,&nbsp;Qianyong Tang ,&nbsp;Bo Ren ,&nbsp;Jianglan Shi","doi":"10.1016/j.strueco.2024.11.002","DOIUrl":"10.1016/j.strueco.2024.11.002","url":null,"abstract":"<div><div>The study of interconnections between various sectors of the national economy is crucial for understanding the pattern and pace of macroeconomic growth. This paper analyzes the macroeconomic impact of shocks occurring in specific sectors through both supply and demand perspectives and proposes a combination of bottom-up and top-down structural path analysis approaches to trace the transmission path of network spillover effects, where shocks in this paper refer to microeconomic productivity changes and network spillover is defined as the effect on GDP due to the propagation of shocks to other sectors. The research results found that the total spillover effect of primary and secondary industry sectors in China shows an inverted U-shape, and the total spillover effect of tertiary industry sectors shows an upward trend. A large total spillover effect of a sector does not mean that both upward and downward spillover effects are large; for example, the construction industry has high upward spillover effects and low downward spillover effects. The spillover effect of each production layer decreases as the path lengthens, and the distribution is L-shaped. In addition, by identifying the critical paths of spillover effects, we find that the spillover effects of labor-intensive industries, such as wholesale and retail, are decreasing year by year, and the spillover effects of the paths related to the information technology industry are gradually occupying an important position.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 275-285"},"PeriodicalIF":5.0,"publicationDate":"2024-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326194","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
Broadening energy resilience: How does the digital economy affect the global energy value chain?
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-11-06 DOI: 10.1016/j.strueco.2024.11.005
Youyi Deng , Kangyin Dong , Qian Sun , Jinjun Xue
{"title":"Broadening energy resilience: How does the digital economy affect the global energy value chain?","authors":"Youyi Deng ,&nbsp;Kangyin Dong ,&nbsp;Qian Sun ,&nbsp;Jinjun Xue","doi":"10.1016/j.strueco.2024.11.005","DOIUrl":"10.1016/j.strueco.2024.11.005","url":null,"abstract":"<div><div>The frequent occurrence of global economic black swan events has affected the development of the global energy value chain (GEVC) and exposed countries to considerable uncertainty. However, digital economy development can offer new solutions and perspectives for countries to mitigate external shocks, ensure energy security and improve energy resilience. This study examines 71 countries from 2010 to 2019, innovatively obtaining GEVC from input–output tables to explore the impact and mechanism of the digital economy on GEVC in terms of countries’ dimensions of participation and position. The relevant results are threefold. First, the digital economy increases countries’ participation in GEVC and pushes them to move downstream of the GEVC. This result still holds after robustness tests. Second, the mechanism test demonstrates that the digital economy can influence factor allocation and innovation to affect countries’ GEVC participation. Third, the effect of the digital economy on a nation's ability to participate in the GEVC varies depending on the external and internal threats that the nation faces. This study enriches the research on global value chains and has important implications encouraging countries to advance digital economy development, navigate external shocks and accelerate digital economy and GEVC integration.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 111-121"},"PeriodicalIF":5.0,"publicationDate":"2024-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143325791","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
Is there really an inflation tax? Not for the middle class
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-11-05 DOI: 10.1016/j.strueco.2024.11.008
Edward N. Wolff
{"title":"Is there really an inflation tax? Not for the middle class","authors":"Edward N. Wolff","doi":"10.1016/j.strueco.2024.11.008","DOIUrl":"10.1016/j.strueco.2024.11.008","url":null,"abstract":"<div><div>One hallmark of U.S. monetary policy since the early 1980s has been moderation in inflation (at least, until recently). How has this affected household well-being? The paper first develops a new model to address this issue. The inflation tax on income is defined as the difference between the nominal and real growth in income. This term is always negative (as long as inflation is positive). The inflation gain on household wealth is the revaluation resulting from asset price changes directly linked to inflation. This term can be positive or negative. The net inflation gain is the difference between the two, which can also be positive or negative. The empirical analysis covers years 1983 to 2019 on the basis of the Federal Reserve Board's Survey of Consumer Finances (SCF) and historical inflation rates. It also looks at the sensitivity of the results to alternative inflation rates, and considers the effects of inflation on real wealth growth, wealth inequality, and the racial wealth gap. The results show that inflation boosted the real income of the middle wealth quintile by an incredible two thirds. In contrast, the bottom two wealth quintiles got lashed by inflation, losing almost half of their real income. Inflation also boosted mean and especially median real wealth growth, reduced wealth inequality, and lowered the racial and ethnic wealth gap. Both the income and wealth results are magnified at higher (simulated) rates of inflation.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 297-319"},"PeriodicalIF":5.0,"publicationDate":"2024-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326280","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
Indicators of absorptive capacity. Conceptual framework and estimates for 25 countries and 24 UK sectors
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-11-04 DOI: 10.1016/j.strueco.2024.11.003
Marion Frenz , Grazia Ietto-Gillies
{"title":"Indicators of absorptive capacity. Conceptual framework and estimates for 25 countries and 24 UK sectors","authors":"Marion Frenz ,&nbsp;Grazia Ietto-Gillies","doi":"10.1016/j.strueco.2024.11.003","DOIUrl":"10.1016/j.strueco.2024.11.003","url":null,"abstract":"<div><div>The paper develops a conceptual and operationalization framework for absorptive capacity (ACAP) leading to empirical indicators useful for the development of innovation policy. Applications are presented for 25 European countries and 24 UK sectors. For the country study, four dimensions are developed. Two in relations to embodiment of knowledge and two to acquisition. On the former, one dimension captures embodiment in assets and scientific activities and one in human resources both on the supply and demand side. Two dimensions capture acquisition of knowledge via social linkages and via physical and digital connectivity. Several variables contribute to each of these dimensions. ACAP values are arrived at by combining all dimensions. The sector study is developed along similar lines. It has two components related to large and medium-sized enterprises. The results show: clear strengths and weaknesses in ACAP by country and sector; and, in the sector study, more sector- than enterprise-size specificity.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 482-494"},"PeriodicalIF":5.0,"publicationDate":"2024-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326288","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
Role of global value chain changes in decoupling CO2 emissions from economic growth in Chinese provinces
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-11-02 DOI: 10.1016/j.strueco.2024.09.016
Jie Zheng , Sanmang Wu , Shantong Li , Yalin Lei , Li Li , Xiaojia Fan
{"title":"Role of global value chain changes in decoupling CO2 emissions from economic growth in Chinese provinces","authors":"Jie Zheng ,&nbsp;Sanmang Wu ,&nbsp;Shantong Li ,&nbsp;Yalin Lei ,&nbsp;Li Li ,&nbsp;Xiaojia Fan","doi":"10.1016/j.strueco.2024.09.016","DOIUrl":"10.1016/j.strueco.2024.09.016","url":null,"abstract":"<div><div>Global value chain (GVC) changes have had an impact on economic growth and carbon dioxide (CO<sub>2</sub>) emissions in various provinces. This study links the Chinese provincial multiregional input–output table to the world input–output table. The provinces are divided into carbon peak and nonpeak groups to explore the impact of GVC changes in relation to driving factors of provincial decoupling. The results are fourfold. (1) For peaking provinces, after reaching the peak, the GVC and domestic effects combined to promote strong decoupling. (2) Most nonpeak provinces are weakly decoupling. The hindering effects on decoupling decreased after the 2008 financial crisis. (3) For peaking provinces, the positive effect of emissions intensity has been sufficient to offset the negative effect from the final demand, but was not sufficient to offset nonpeak provinces. (4) The hindering effect of GVC production-related factors has lowered. This study proposes that nonpeak provinces improve production technology.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 193-208"},"PeriodicalIF":5.0,"publicationDate":"2024-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143357451","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
Economic gains from geographic shifts in international sourcing
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-10-22 DOI: 10.1016/j.strueco.2024.10.005
Kailan Tian , Erik Dietzenbacher , Bingqian Yan , Richard Jong-A-Pin
{"title":"Economic gains from geographic shifts in international sourcing","authors":"Kailan Tian ,&nbsp;Erik Dietzenbacher ,&nbsp;Bingqian Yan ,&nbsp;Richard Jong-A-Pin","doi":"10.1016/j.strueco.2024.10.005","DOIUrl":"10.1016/j.strueco.2024.10.005","url":null,"abstract":"<div><div>The geographic evolution of global value chains (GVCs) has been significantly changing the pace and structure of economic development in many countries. We first employ a global input-output (IO) model to quantify the contribution of geographic shifts in international sourcing to China's economic gains. In 2019, China's GDP per capita was 11 % below the world average. We show, however, that the gap would have been 39 % if there had been no international sourcing shifts between 1995 and 2019. We subsequently propose an optimization model in the global IO framework to explore potential strategies which further improve China's GDP per capita. The optimization results suggest that import substitution and export promotion could be two possible strategies. However, these strategies could fail if all countries adopt the same strategies and participate in the non-cooperative competition. Instead, our results suggest that promoting technological upgrading provides more sustainable opportunities for improving a country's gains.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 286-296"},"PeriodicalIF":5.0,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326279","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
Formal similarity and real distinction between capitalist and socialist economic planning
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-10-11 DOI: 10.1016/j.strueco.2024.09.018
Tiago Camarinha Lopes
{"title":"Formal similarity and real distinction between capitalist and socialist economic planning","authors":"Tiago Camarinha Lopes","doi":"10.1016/j.strueco.2024.09.018","DOIUrl":"10.1016/j.strueco.2024.09.018","url":null,"abstract":"<div><div>The paper departs from a broad definition of economic planning and presents a simple formalization of the law of value to develop a paralleled abstract and concrete analysis in comparative economic systems. Using the dialectical method to overcome superficial dichotomies involving structural processes of economies labeled as either capitalist or socialist, it argues that both economies can develop a form of planning that is at the same time formally similar to and real distinct from each other. By proposing this axis of separation, the paper explains that much of the confusion in the study of comparative economic systems in the 21st century stems from adopting a rigid perspective that fails to embrace the flexibility necessary to connect various levels of analysis, from abstract (theory) to concrete (empirics). Taking the current geopolitical systems under the influence of the United States and China as exemplary cases for the idealized separation between capitalism and socialism, it is shown in which way they can be considered simultaneously equal and different.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 209-219"},"PeriodicalIF":5.0,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326190","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
Unveiling the role of city commercial banks in influencing land financialization: Evidence from China
IF 5 2区 经济学
Structural Change and Economic Dynamics Pub Date : 2024-10-10 DOI: 10.1016/j.strueco.2024.10.004
Junfeng Qiao, Jinbo Lyu
{"title":"Unveiling the role of city commercial banks in influencing land financialization: Evidence from China","authors":"Junfeng Qiao,&nbsp;Jinbo Lyu","doi":"10.1016/j.strueco.2024.10.004","DOIUrl":"10.1016/j.strueco.2024.10.004","url":null,"abstract":"<div><div>Local financial development is crucial for advancing regional financial supply side structural reform, enabling local governments to leverage financial instruments to effectively mobilize land resources and foster competitive growth. The introduction of numerous financial products linked to land-related rights and interests has resulted in a pronounced transmission and interconnection of fiscal and financial risks across regions. This study examines the impact of local financial development on land financialization in China using panel data from prefecture-level cities and detailed information on land mortgages. The findings indicate that the establishment of city commercial banks (CCBs) contributes to the progress of land financialization by incentivizing local government financing vehicles to participate in land mortgage financing, increasing the transfer of debt risks to the financial sector. Notably, the impact of CCBs on land financialization is more pronounced in regions with urban agglomeration, high GDP manipulation, inadequate local financial regulation, and robust implicit government guarantees. Further analysis reveals that CCB establishment has negative spillover effects on land financialization in neighboring areas, while expansion strategies such as establishing intercity branches, engaging in cross-regional mergers, and relaxing regulations have mitigated the rise of land financialization at the regional level. This study provides policy recommendations that focus on reducing local governments’ reliance on land financing and enhancing the prevention and management of financial risks.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 467-481"},"PeriodicalIF":5.0,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143325661","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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