Journal of Regional Science最新文献_第5页

The drivers of intra- and interregional labor mobility over the industry life cycle of the high-tech sector 高科技产业生命周期中区域内和区域间劳动力流动的驱动因素

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-08-08 DOI: 10.1111/jors.12724

Jaakko Simonen, Philip McCann, Santtu Karhinen, Rauli Svento

引用次数: 0

Good intentions gone awry: Rail lines and inner-city development 好心办了坏事：铁路线与市内发展

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-08-05 DOI: 10.1111/jors.12726

Tianshi Sun, Zhicheng Xu, Mingyue Wang, Xiuyan Liu

引用次数: 0

Unintended distortion of regulating water use: Evidence from China 用水监管的意外扭曲：来自中国的证据

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-07-29 DOI: 10.1111/jors.12721

Hua Zhong

{"title":"Unintended distortion of regulating water use: Evidence from China","authors":"Hua Zhong","doi":"10.1111/jors.12721","DOIUrl":"https://doi.org/10.1111/jors.12721","url":null,"abstract":"The Chinese government has been using water efficiency targets to manage commercial, institutional, and industrial water use across the country. This paper argues that water efficiency targets may influence provincial administrators’ preferences in tightening water regulation in cities with higher water use while disproportionately overregulating water use in productive cities to satisfy their efficiency goals. I develop a city-level production model with water regulation preferences and show that the unintended distortion of water regulation in response to water efficiency targets leads to efficiency loss of resource allocation and further reshapes regional output across cities, especially for productive cities. Using a sample of city-level water data from 2006 to 2016 in China, this paper empirically investigates the impact of the Three Red Lines (TRL) policy on provincial administrators’ preferences in water use regulation. The results indicate that the elasticity of water regulation in response to the policy is approximately −0.64 to −0.8 and has resulted in tighter water regulations for cities with higher economic outputs. Quantitatively, eliminating water distortions would reshape water use across cities and increase the aggregate output of an entire province by up to 0.069%. The results imply that possible consequences of the political consideration of provincial administrators in satisfying water efficiency targets include inefficiency and inequality in water allocation.","PeriodicalId":48059,"journal":{"name":"Journal of Regional Science","volume":"64 5","pages":"1680-1711"},"PeriodicalIF":3.2,"publicationDate":"2024-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142665181","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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 role of public social expenditure for mitigating local income inequality: An investigation across spatial scales in Austria 公共社会支出在缓解地方收入不平等方面的作用：奥地利跨空间尺度调查

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-07-24 DOI: 10.1111/jors.12722

Tatjana Neuhuber, Antonia E. Schneider

{"title":"The role of public social expenditure for mitigating local income inequality: An investigation across spatial scales in Austria","authors":"Tatjana Neuhuber, Antonia E. Schneider","doi":"10.1111/jors.12722","DOIUrl":"10.1111/jors.12722","url":null,"abstract":"This paper investigates the role of municipal and provincial public social spending for local income inequality after taxes and transfers in Austria. We utilize a spatial multi-level model, which allows us to analyze the contribution of three spatial scales (municipal, district, and provincial level) to municipal income inequality. Our analysis shows that the effect of public social spending on local Gini indices does not only differ across provinces but also across municipalities which indicates that the potential cushioning effect of social expenditure is highly localized. Further splitting total public social expenditure into three distinct categories (education, health, social protection) reveals that spending on social protection has the highest effect on local inequality across all provinces, while health spending does not exert a discernible influence in any province. The method and results presented in this paper are of international interest for policymakers and researchers who aim to investigate whether the same patterns hold true in other countries.","PeriodicalId":48059,"journal":{"name":"Journal of Regional Science","volume":"64 5","pages":"1647-1679"},"PeriodicalIF":3.2,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jors.12722","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141770661","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Determinants of tourist employment in Brazilian microregions: A dynamic panel data approach 巴西微型地区游客就业的决定因素：动态面板数据方法

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-07-21 DOI: 10.1111/jors.12723

Luiz Carlos De Santana Ribeiro, Fernanda Rodrigues Dos Santos, Fábio Rodrigues De Moura, Rosa Lívia Gonçalves Montenegro, Elton Eduardo Freitas

引用次数: 0

The effects of fuel subsidies on regional income distribution through smuggling 燃料补贴通过走私对地区收入分配的影响

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-07-09 DOI: 10.1111/jors.12720

Hosein Joshaghani, Mohammad Morovati, Saeed Moshiri, Nima Rafizadeh

{"title":"The effects of fuel subsidies on regional income distribution through smuggling","authors":"Hosein Joshaghani, Mohammad Morovati, Saeed Moshiri, Nima Rafizadeh","doi":"10.1111/jors.12720","DOIUrl":"10.1111/jors.12720","url":null,"abstract":"Fuel subsidies, intended to improve consumer affordability, can result in economic distortions through altered relative prices and negative environmental impacts. Furthermore, these subsidies can lead to unintended consequences, such as fuel smuggling, especially to neighboring countries where significant price differences exist. While previous research has extensively explored the economic dimensions of fuel subsidies, the potential interplay between fuel smuggling and its impact on regional income distribution remains understudied. This study investigates the effects of fuel smuggling, stemming from Iran's long history of significant fuel subsidies, on income distribution across all 30 provinces of the country. We employ a model to specify the demand for fuel smuggling, using fuel prices in neighboring countries and the distance to the nearest border as sources of identification. Subsequently, we estimate the monthly smuggling profit across regions and assess this profit's influence on regional income distribution. Our empirical analysis draws on monthly data on gasoline and diesel sales from 160 fuel distribution districts in Iran, spanning the period from 2005 to 2014. Our findings demonstrate specific cases of smuggling activities that account for an average of 25% of total fuel consumption and generate substantial income in economically disadvantaged border provinces. We discuss the socioeconomic implications of fuel subsidies, with a focus on smuggling activities.","PeriodicalId":48059,"journal":{"name":"Journal of Regional Science","volume":"64 5","pages":"1596-1621"},"PeriodicalIF":3.2,"publicationDate":"2024-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141573124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Place-based tax incentives and minority employment: Evidence from the New Market Tax Credit Program 基于地方的税收激励措施与少数民族就业：来自新市场税收抵免计划的证据

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-07-03 DOI: 10.1111/jors.12719

Anil Rupasingha, Alexander Marré, Josemari Feliciano

引用次数: 0

Assessing the environmental performance of green mortgage-backed securities 评估绿色抵押支持证券的环境绩效

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-07-02 DOI: 10.1111/jors.12718

Avis Devine, Meagan McCollum

{"title":"Assessing the environmental performance of green mortgage-backed securities","authors":"Avis Devine, Meagan McCollum","doi":"10.1111/jors.12718","DOIUrl":"10.1111/jors.12718","url":null,"abstract":"The green bond market is growing substantially, bringing with it a focus on economic and environmental performance. Yet while extensive work exists examining the former, there is little concrete evidence regarding the efficacy of green bond use-of-proceeds. Concurrently, the demand for ESG-compliant investments provides an opportunity to direct capital toward the rehabilitation of one of the most energy-intensive asset classes: real estate. One program in this space, the Fannie Mae Green Rewards green bond program, offers incentives to borrowers to increase multifamily building energy and water efficiency. Although all program participants must complete a set of preapproved projects targeting energy and water efficiency within 12 months of loan origination, there exists substantial variation in the realization of postorigination efficiency outcomes, and in the variation between projected and actual efficiency improvements. We find that fixed interest rates and supplemental financing loan structures are associated with postorigination energy efficiency improvements, as are newer, larger, and high-quality assets. However, the ex ante estimates of efficiency savings provided to prospective investors prove unrelated to the efficiency outcomes. These findings highlight opportunities to improve program transparency and calibration across the green bond universe.","PeriodicalId":48059,"journal":{"name":"Journal of Regional Science","volume":"64 4","pages":"1122-1153"},"PeriodicalIF":3.2,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jors.12718","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141546847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Damage versus risk perception: Why do house prices recover after hurricanes? 损失与风险意识：为什么飓风过后房价会回升？

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-06-18 DOI: 10.1111/jors.12716

Hoanh Le

引用次数: 0

Climate change and commercial property markets 气候变化与商业地产市场

IF 3.2 3区经济学

Journal of Regional Science Pub Date : 2024-06-18 DOI: 10.1111/jors.12717

David C. Ling, Spenser Robinson, Andrew R. Sanderford, Chongyu Wang

{"title":"Climate change and commercial property markets","authors":"David C. Ling, Spenser Robinson, Andrew R. Sanderford, Chongyu Wang","doi":"10.1111/jors.12717","DOIUrl":"https://doi.org/10.1111/jors.12717","url":null,"abstract":"The economic effect of climate hazard events varies by time and by location. This paper investigates how climate shocks to local property markets transmit to capital markets and provides evidence of the extent to which forward-looking climate risk is capitalized into the public valuations of those property markets. We first quantify the exposure of real estate portfolios to locations that recently experienced climate events (Event Exposure). Using an event study framework, we find that, in the post-event period, a one-standard-deviation increase in ex-ante Event Exposure is associated with a 0.2–1.4 percentage points decrease in quarterly stock returns. Cross-sectional analyses reveal that differences in return effects can be explained by variation in the extent to which the area focuses on climate change. Similarly, we find that forward-looking climate risk assessment negatively affects firm valuations only in markets with a focus on climate change. Consistent with these findings, we provide evidence that climate events (shocks) induce retail investors (noise traders) to decrease their stock holdings and that blockholders tend to take the opposite side in these transactions. We also show that conditioning on consumer sentiment helps to explain cross-sectional variation in the response of stock returns to climate events.","PeriodicalId":48059,"journal":{"name":"Journal of Regional Science","volume":"64 4","pages":"1066-1098"},"PeriodicalIF":3.2,"publicationDate":"2024-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jors.12717","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142165639","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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