Papers in Regional Science最新文献

{"title":"Product level market power spillovers among U.S. banks","authors":"Morakinyo O. Adetutu ,&nbsp;Anthony J. Glass ,&nbsp;Karligash Kenjegalieva ,&nbsp;Kayode A. Odusanya","doi":"10.1016/j.pirs.2025.100093","DOIUrl":"10.1016/j.pirs.2025.100093","url":null,"abstract":"<div><div>Bank market power has far-reaching effects as, among other things, it affects the price of credit. Even though it is well-known that banks are spatially interdependent due to rival banks having branches in the same geographical areas, the literature on bank market power overlooks this. To measure market power spillovers, we set out an approach to calculate spill-in and spill-out Lerner indices for firms and their products. To account for the marked consolidation over the sample, we use unbalanced panel data comprising over 45,000 observations for large commercial U.S. banks. From spatial stochastic frontier models, we obtain estimates of these indices (with and without adjustment for inefficiency spill-ins and spill-outs). We observe high spill-in Lerner indices for some banks, which is consistent with consolidation in the industry leading to concerns about bank market power. In line with larger agglomeration effects being conducive to higher spillovers, banks with high spillover Lerner indices tend to have branches in major cities.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 3","pages":"Article 100093"},"PeriodicalIF":2.4,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143822397","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}

{"title":"Polycentricity and regional economic resilience: A ridge regression approach","authors":"Burcu Değerli Çifçi,&nbsp;Hasan Engin Duran","doi":"10.1016/j.pirs.2025.100089","DOIUrl":"10.1016/j.pirs.2025.100089","url":null,"abstract":"<div><div>“Resilience” and “polycentricity” have surged as popular concepts over the recent decades, although the link between the two has not yet been investigated empirically. Identification of this relationship and its theoretical justification are politically crucial to shed light on prospective policies for urbanization and regionalization. Thus, the aim of this study is to investigate the impact of polycentricity/monocentricity on the regional resilience of Turkish (Nuts-2) regions against the global financial crisis in 2008/09. This paper also identifies the channels through which it can influence resilience. Through the application of a rich set of empirical tools, including computation of monocentricity degree, resistance, recovery, and adaptability indexes based on national and regional business cycle turning points, LOESS, RIDGE regressions, and inferential mediation tests, three main conclusions were obtained. First, polycentric regions were evidently more resistant to the crisis compared to monocentric morphologies; the later were more industrialized and open to trade, which made them more vulnerable to the crisis. Second, polycentric spatial structures were found to recover more quickly compared to monocentric regions. Third, monocentric regions clearly adapt better to long-term trajectories. In sum, the well-known strategy of the European Union rooted in “polycentric development” can still be valid for the purposes such as resisting to and recovering from economic disruptions. However, in the long-run, polycentrilization can hardly be seen as an optimal strategy, particularly in the context of adapting to the future trajectories.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 3","pages":"Article 100089"},"PeriodicalIF":2.4,"publicationDate":"2025-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143807493","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}

{"title":"","authors":"Ricardo Carvalho Bruno Ferreira","doi":"10.1016/j.pirs.2025.100088","DOIUrl":"10.1016/j.pirs.2025.100088","url":null,"abstract":"","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 2","pages":"Article 100088"},"PeriodicalIF":2.4,"publicationDate":"2025-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143619257","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}

{"title":"Special economic zones and land misallocation: Evidence from Chinese cities","authors":"Yi Cui","doi":"10.1016/j.pirs.2025.100084","DOIUrl":"10.1016/j.pirs.2025.100084","url":null,"abstract":"<div><div>This study examines the impact of China’s special economic zones (SEZs) on land misallocation, primarily using city-level data for China from 2003 to 2018. The findings indicate that establishing SEZs exacerbates land misallocation by over-allocating land to cities, resulting in an average annual loss of 0.22% of real urban GDP. After establishing SEZs, local governments change their land supply strategies by adjusting supply mode, object, and preference, reducing land allocation efficiency. Thus, the bundling of SEZs and government intervention is an essential cause of land misallocation. Furthermore, the geographical location of SEZs affects land allocation efficiency through the spatial form of cities. Its spatial separation from the core urban area is an essential cause of land misallocation. This study has important implications for more effective planning and implementation of SEZs.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 2","pages":"Article 100084"},"PeriodicalIF":2.4,"publicationDate":"2025-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143387058","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}

{"title":"Labour demand in the wake of a shock: A dose–response approach","authors":"Fernanda Gutiérrez Amaros ,&nbsp;Andrea Ascani ,&nbsp;Alessandra Faggian ,&nbsp;Wessel N. Vermeulen","doi":"10.1016/j.pirs.2025.100083","DOIUrl":"10.1016/j.pirs.2025.100083","url":null,"abstract":"<div><div>This paper examines the impact of varying COVID-19 exposure levels on local labour demand in Italy during the first years of the pandemic. Using a dose–response framework and province-level monthly data on online job postings (NUTS3), we find a predominantly non-linear, negative relationship between COVID-19 exposure — measured by the contagion rate — and labour demand growth. However, at high exposure levels, a positive effect emerges, driven by increased demand for essential roles in Northern Italy. Our findings reveal significant regional disparities. Southern provinces experienced sharper declines in labour demand, despite lower exposure levels, reflecting their weaker economic structures and reliance on non-essential jobs. Conversely, Northern provinces with high exposure levels sustained a higher ratio of essential-to-non-essential vacancies, demonstrating greater economic resilience during the crisis. This study contributes to the literature by examining the underexplored effects of COVID-19 on labour demand in a European context, positioning Italy as a critical case study. It emphasises the pivotal role of essential jobs in mitigating economic disruption and highlights the Italian labour market’s non-linear responses to shocks and regional inequalities, offering insights into how sudden crises shape labour dynamics.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 2","pages":"Article 100083"},"PeriodicalIF":2.4,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143402999","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}

{"title":"The effectiveness of disaster risk management policies in Brazilian municipalities","authors":"Pedro Jorge Alves ,&nbsp;Ricardo Carvalho de Andrade Lima ,&nbsp;Lucas Emanuel","doi":"10.1016/j.pirs.2025.100080","DOIUrl":"10.1016/j.pirs.2025.100080","url":null,"abstract":"<div><div>This paper examines the role of disaster risk management (DRM) policies implemented by Brazilian municipalities in mitigating the social damage caused by flooding. Specifically, we analyze three commonly adopted DRM policies by local governments: flood risk mapping, supervision of flood-prone areas, and implementation of warning systems. Using an instrumental variables approach based on the spatial diffusion of DRM policies among neighbor municipalities, we show that the adoption of DRM policies is not associated with the proportion of flood-displaced individuals. This evidence indicates that these policies are insufficient in mitigating the human damage caused by floods, underscoring a need for complementary strategies or enhanced implementation measures.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 3","pages":"Article 100080"},"PeriodicalIF":2.4,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143928015","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}

{"title":"Understanding the role of government in regional industrial evolution: Evidence from land supply in China","authors":"Zhiji Huang ,&nbsp;Tao Shi ,&nbsp;De Tong","doi":"10.1016/j.pirs.2024.100070","DOIUrl":"10.1016/j.pirs.2024.100070","url":null,"abstract":"<div><div>In the process of regional industrial evolution, the role of government in fiscal and administrative aspects has gradually gained attention in recent years. However, there is still a lack of discussion on how government land supply shapes industrial evolution. Using land-industry data from 2007 to 2013 in China, we find that the government has been deeply involved in the development of various unrelated industries through land pricing authority, a phenomenon that remains robust after addressing endogeneity concerns. Unlike the literature focusing on China’s early industrial evolution, during the period of large-scale relocations of industries to inland regions, our results reveal that government subsidies have minimal impact, whereas initiatives to establish development zones yield significant returns. Besides, differences in the ability of governments to affect industrial evolution through land use are identified, revealing disparities across industry attributes and geographical features. Further analysis suggests that the rise in firms’ average debt ratio and local governments’ budgetary revenue are potential channels in this process, while the trade-off is an increase in corruption. In sum, we revisit and extend the significant role played by the government in regional industrial evolution. This may offer novel insights into industry policy for countries with public land ownership or less developed industries.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 1","pages":"Article 100070"},"PeriodicalIF":2.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143161091","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}

{"title":"New Challenges Ahead","authors":"Rosella Nicolini","doi":"10.1016/j.pirs.2024.100077","DOIUrl":"10.1016/j.pirs.2024.100077","url":null,"abstract":"","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 1","pages":"Article 100077"},"PeriodicalIF":2.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143161089","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}

{"title":"Functional upgrading and downgrading in global value chains: Evidence from EU regions using a relatedness/complexity framework","authors":"Eduardo Hernández-Rodríguez ,&nbsp;Ron Boschma ,&nbsp;Andrea Morrison ,&nbsp;Xianjia Ye","doi":"10.1016/j.pirs.2024.100072","DOIUrl":"10.1016/j.pirs.2024.100072","url":null,"abstract":"<div><div>This paper adopts a relatedness-complexity framework to assess the likelihood of functional upgrading and downgrading in global value chains in EU regions in the period 2000–2010. We use relatedness and economic complexity measures based on value added content of gross exports and labour structures at the regional level. We show how economic complexity metrics can be used as an alternative for value added data, to measure both functional upgrading and downgrading in global value chains. We find that relatedness between functions (occupation-industry pairs) is a factor impacting both functional upgrading and downgrading. Regions tend to functionally upgrade their global value chains towards more complex functions that are related to functions in which they are specialised. And regions are more likely to functionally exit and downgrade in global value chains when they are not specialised in related functions.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 1","pages":"Article 100072"},"PeriodicalIF":2.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143161092","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}

{"title":"Regional technological profiles and collaborations: An empirical analysis of joint patents and EU-funded projects","authors":"Diego D’Adda ,&nbsp;Donato Iacobucci ,&nbsp;Francesco Perugini","doi":"10.1016/j.pirs.2024.100073","DOIUrl":"10.1016/j.pirs.2024.100073","url":null,"abstract":"<div><div>The aim of this paper is to determine the factors affecting technological collaborations among EU regions, focusing on the role of their technological profiles. We consider the population of EU NUTS2 regions and analyse the inter-regional collaborations in EPO patent applications and in EU projects in the Seventh Framework Programme in the period 2007–2013. We overcome the limitations related to the mono-dimensionality of technological proximity by explicitly considering the distinction between technological similarity and technological complementarity. We further distinguish between horizontal complementarity, related to the degree to which technologies are fruitfully combined in R&amp;D, and vertical complementarity, the degree to which technology developers (leaders) are related to technology adopters (followers). To measure ‘horizontal’ technology complementarity, we develop an original dyad-level indicator based on the concept of technological relatedness. The empirical analysis shows that technological complementarity has a statistically significant effect on the number of collaborations between regions, even when controlling for the degree of similarity. While horizontal complementarity positively affects only collaborations in EU projects, vertical complementarity negatively affects both joint patents and EU projects. Notwithstanding the relevance of complementarity, technological similarity seems to have a larger impact on the intensity of inter-regional collaboration. We also find dissimilarities in the factors affecting joint patents and EU projects due to the inner differences in the nature of these two types of innovative collaborations. The results are robust to different specifications and to the use of different methodologies for measuring similarity and complementarity. Given the rising interest in promoting technological inter-regional collaborations in the EU (e.g. in the Smart Specialisation Strategy), this paper provides novel insights about the determinants of two very different forms of inter-regional collaborations in innovation: joint patents and EU projects.</div></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"104 1","pages":"Article 100073"},"PeriodicalIF":2.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143161096","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}