Structural Change and Economic Dynamics最新文献_第9页

Technological change and entrepreneurial activities: Evidence from China 技术变革与创业活动：来自中国的证据

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 , 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 网络溢出效应与冲击路径分析——中国的实证研究

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 , Huajiao Li , Xiaoqi Sun , Qianyong Tang , Bo Ren , 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? 扩大能源弹性：数字经济如何影响全球能源价值链？

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 , Kangyin Dong , Qian Sun , 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 真的有通货膨胀税吗？而不是中产阶级

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 吸收能力指标。25个国家和24个英国部门的概念框架和估计

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

引用次数: 0

Role of global value chain changes in decoupling CO2 emissions from economic growth in Chinese provinces 全球价值链变化在中国各省二氧化碳排放与经济增长脱钩中的作用

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

引用次数: 0

Economic gains from geographic shifts in international sourcing 国际采购地域转移带来的经济收益

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

引用次数: 0

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

引用次数: 0

Unveiling the role of city commercial banks in influencing land financialization: Evidence from China 揭示城市商业银行影响土地金融化的作用：来自中国的证据

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, 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

Intermediate inputs in Dutch disease. Copper in Chile 荷兰病的中间投入物。智利的铜矿

IF 5 2区经济学

Structural Change and Economic Dynamics Pub Date : 2024-10-08 DOI: 10.1016/j.strueco.2024.10.003

Pablo R. Liboreiro

{"title":"Intermediate inputs in Dutch disease. Copper in Chile","authors":"Pablo R. Liboreiro","doi":"10.1016/j.strueco.2024.10.003","DOIUrl":"10.1016/j.strueco.2024.10.003","url":null,"abstract":"<div><h3>Purpose</h3><div>By means of a practical model, the paper discusses the role of intermediate inputs in the ability of a booming extractive sector to draw resources out of lagging sectors, giving rise to Dutch disease.</div></div><div><h3>Methods</h3><div>The model is for the Chilean economy and follows an ‘extended’ input-output structure, with 35 production sectors. Once calibrated and parameterized, the model can be solved numerically to estimate the resource movement effect and the spending effect of a copper boom.</div></div><div><h3>Findings</h3><div>The numerical exercises show that, when the use of intermediate inputs is taken into account, the resource movement effect is of similar magnitude to the spending effect in explaining deindustrialization in Dutch disease. The key mechanism here is that, when the copper sector expands, its effects on real wages and good prices can be significant, due to the use of intermediate inputs.</div></div><div><h3>Implication</h3><div>This implies that the policies that are commonly recommended to avoid Dutch disease (fiscal rules, sovereign wealth funds, etc.) may not be very effective if they are not accompanied by others aimed at promoting greater provision or efficient use of scarce resources.</div></div><div><h3>Originality</h3><div>The present study contributes to the literature on Dutch disease in two ways. On the one hand, it provides an estimate of the resource movement effect and the spending effect of a commodity boom. On the other hand, it provides evidence in favour of the hypothesis that extractive activities can lead to direct deindustrialization.</div></div>","PeriodicalId":47829,"journal":{"name":"Structural Change and Economic Dynamics","volume":"72 ","pages":"Pages 427-437"},"PeriodicalIF":5.0,"publicationDate":"2024-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143326287","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