Economic Analysis and Policy最新文献

Digital transformation under the pressure of uncertainty in the banking sector

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-28 DOI: 10.1016/j.eap.2025.03.039

Japan Huynh

引用次数: 0

Resilient reserves: Climate adaptive pilot cities policy and firms’ cash holdings

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-27 DOI: 10.1016/j.eap.2025.03.045

Changcai Luo , Dixin Cai , Junbing Xu

引用次数: 0

ENGO geographical proximity and corporate environmental performance

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-27 DOI: 10.1016/j.eap.2025.03.041

Qian Li, Zhouyuanye Wang

引用次数: 0

Energy-use rights trading, technological innovation, and green transformation of energy-intensive manufacturing enterprises

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-27 DOI: 10.1016/j.eap.2025.03.052

Weijie Zhang , Bowen Li

{"title":"Energy-use rights trading, technological innovation, and green transformation of energy-intensive manufacturing enterprises","authors":"Weijie Zhang , Bowen Li","doi":"10.1016/j.eap.2025.03.052","DOIUrl":"10.1016/j.eap.2025.03.052","url":null,"abstract":"<div><div>This study investigates the influence and mechanisms of energy-use rights trading (EURT) on the green transformation of energy-intensive manufacturing firms, using data from A-share energy-intensive companies between 2011 and 2021. Employing the difference-in-differences (DID) approach, the study shows that EURT significantly enhances green transformation of energy-intensive manufacturing firms within pilot regions. This finding remains robust after a series of robustness tests, such as parallel trend, alternative measurements, PSM-DID, DDD, placebo, simultaneous policy exclusion test and IV. Mechanism exploration indicates that EURT promotes green technological innovation and digital technological innovation of energy-intensive manufacturing companies through green patent applications increase, energy-saving and waste reduction technologies development, and digital patents growth, underlying technology and scene driven technology enhancement, thus fostering their green transition. Heterogeneity analysis reveals that EURT catalyzes the green transformation of non-state-owned enterprises, larger firms, enterprises in pilot with better policy implementation such as Zhejiang province, firms in eastern areas, and enterprises of capital-intensive industry more efficiently. This research offers empirical support for improving green evolution of energy-intensive manufacturing firms from the improvement of EURT, innovation of green technology and digital technology.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 528-544"},"PeriodicalIF":7.9,"publicationDate":"2025-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143760607","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

Digital inclusive finance and corporate debt financing: Empirical evidence from China

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-27 DOI: 10.1016/j.eap.2025.03.055

Yongbin Cai , Xinyu Tan , Wenbin Fang , Shamsun Nahar , Feiyang Wang

引用次数: 0

Towards energy security: Could renewable energy endure uncertainties in the energy market?

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-26 DOI: 10.1016/j.eap.2025.03.038

Junyi Dou , Kun Li , Meng Qin , Lucian Liviu Albu

{"title":"Towards energy security: Could renewable energy endure uncertainties in the energy market?","authors":"Junyi Dou , Kun Li , Meng Qin , Lucian Liviu Albu","doi":"10.1016/j.eap.2025.03.038","DOIUrl":"10.1016/j.eap.2025.03.038","url":null,"abstract":"<div><div>Exploring the pivotal significance of renewable energy is paramount in reducing energy-related uncertainty and enhancing energy security in the U.S. In this research, we employ the wavelet-based quantile-quantile regression (QQR) methodology to capture the dynamic influence of the renewable energy index (REI) on the energy-related uncertainty index (ERUI) under the control of the partisan conflict index (PCI). Quantitative evaluations reveal that, in the short run, REI has negative and positive effects on ERUI. The negative influences indicate that renewable energy could reduce uncertainties in the energy market due to supportive policies; however, REI associated with policy shifts, tech immaturity, and extreme weather would cause increased ERUI. In the medium term, REI mainly negatively impacts ERUI, except within the 0.3–0.5 quantiles, where tech instability, limited market acceptance, and weak policy support raise ERUI. Above 0.5 quantile, these challenges diminish, leading to energy market stabilisation, whereas, below 0.3 quantile, REI's influence diminishes due to its small proportion. In the long term, REI's negative impact on ERUI grows due to advanced tech, consumer awareness, and strong policy support. In the midst of the escalating uncertainties related to energy, we will put forth insightful proposals to enhance energy security in the U.S. by developing renewable energy.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 461-474"},"PeriodicalIF":7.9,"publicationDate":"2025-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143747121","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

Digital–real economy integration and urban low-carbon development in China

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-26 DOI: 10.1016/j.eap.2025.03.043

Zhenhua Xu , Wenhao Xu , Daleng Xin

{"title":"Digital–real economy integration and urban low-carbon development in China","authors":"Zhenhua Xu , Wenhao Xu , Daleng Xin","doi":"10.1016/j.eap.2025.03.043","DOIUrl":"10.1016/j.eap.2025.03.043","url":null,"abstract":"<div><div>Digital–real economy integration (DRI) is a fundamental prerequisite for cultivating enhanced productivity. Furthermore, it represents an efficacious strategy for expediting the attainment of China's carbon peak and neutrality objectives. This study empirically examines the impact, mechanisms, and spatial effects of DRI on urban low-carbon development (ULCD) by the two-way fixed effect model and the Spatial Durbin Model (SDM), using data from 285 Chinese cities from 2011 to 2021. The results show that: (1) DRI has a remarkable promotional effect on ULCD, and it can considerably improve low-carbon production, living, and ecology. (2) DRI primarily promotes ULCD by improving technological innovation, resource allocation, and industrial agglomeration. (3) The positive driving force of DRI on ULCD is more significant in cities that are central, coastal, nonold-industrial, nonenvironmental, and nonresource-based cities. (4) DRI and ULCD exhibit a strong spatial correlation, and DRI has a negative spatial spillover effect on neighboring regions’ ULCD. This study provides insights for a systematic understanding of DRI and ULCD, with policy implications for promoting cities’ digitalization and low-carbon development.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 606-621"},"PeriodicalIF":7.9,"publicationDate":"2025-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143760486","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

Differences make a difference: Board diversity and enterprise digital transformation

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-26 DOI: 10.1016/j.eap.2025.03.046

Huaining Xu , Shasha Liu , Gaowen Kong

引用次数: 0

Empowering green growth: The role of corporate digital transformation in boosting renewable energy investment in China

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-24 DOI: 10.1016/j.eap.2025.03.037

Yu-Xin Yang , Jing-Yue Liu

{"title":"Empowering green growth: The role of corporate digital transformation in boosting renewable energy investment in China","authors":"Yu-Xin Yang , Jing-Yue Liu","doi":"10.1016/j.eap.2025.03.037","DOIUrl":"10.1016/j.eap.2025.03.037","url":null,"abstract":"<div><div>While some research has examined the determinants of renewable energy investment (REI), the role of corporate digital transformation (CDT) within this domain remains underexplored. Addressing this gap, our study investigates the influence of CDT on REI within the context of China's shift towards a sustainable energy structure. Utilizing a dataset comprising renewable energy companies listed on China's A-share market from 2007 to 2022, we conduct a thorough theoretical and empirical analysis. The findings reveal that CDT significantly boosts REI, with a 1 % increase in digital transformation correlating with a 0.26 % rise in REI. This relationship is further confirmed through robustness tests. Our mechanism analysis elucidates that CDT facilitates REI by diminishing information asymmetry, alleviating financing constraints, and fostering technological innovation. Importantly, the digital economy policy is found to markedly strengthen the positive impact of CDT on REI. Additionally, heterogeneity analysis indicates a more pronounced effect of CDT on REI among state-owned companies, non-high-tech companies, and companies in their growth and maturity stages. This study contributes valuable insights into leveraging CDT to enhance REI, thereby offering both theoretical and practical implications for fostering sustainable growth through digitalization and renewable energy investment.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 590-605"},"PeriodicalIF":7.9,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143760484","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

Asymmetric nexus of green energy inclusion and green trade spillover effects on economic growth: Insights from China's experience for EAC-6

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-24 DOI: 10.1016/j.eap.2025.03.028

Elias Gakuru, Shaohua Yang, Ling Yang, Yuting Wang, Olufemi Samuel Adegboyo, J․D Ndayambaje, Chaudhary Saad Ullah Hussain

{"title":"Asymmetric nexus of green energy inclusion and green trade spillover effects on economic growth: Insights from China's experience for EAC-6","authors":"Elias Gakuru, Shaohua Yang, Ling Yang, Yuting Wang, Olufemi Samuel Adegboyo, J․D Ndayambaje, Chaudhary Saad Ullah Hussain","doi":"10.1016/j.eap.2025.03.028","DOIUrl":"10.1016/j.eap.2025.03.028","url":null,"abstract":"<div><div>The quick progress of green energy solutions has led to increased academic focus on their economic consequences. This study provides a comparative study regarding the asymmetric nexus among the novel green energy inclusivity index (IGE), novel green trade spillover effects (GTS), and economic growth. The analysis employed a non-linear autoregressive distributed lagged model (NARDL) and asymmetric causality test using data from 1990 to 2022 in the China and East Africa Community (EAC-6). The findings revealed a pronounced asymmetric convergence across the variables in both countries, with IGE and GTS negative shocks having a stronger impact than positive ones. In insights from China's Experience for EAC, while these results keep robust after conducting quantile regressions and other robust checks, in China both novel green energy inclusivity and novel green trade spillover effects positive shocks have a stronger effect on economic growth than EAC for both short and long terms. Furthermore, the feedback green energy-led growth hypothesis and the feedback green trade spillover effects-led growth hypothesis are confirmed in both countries. As a lesson learned, this study suggests the EAC countries take note of China's emphasis on developing a robust domestic manufacturing and supply chain for renewable energy technologies to potentially enhance more sustainable growth.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 475-493"},"PeriodicalIF":7.9,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143747118","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