Economic Analysis and Policy最新文献_第10页

House prices and credit as transmission channels from monetary policy to inequality: Evidence from OECD countries 作为从货币政策到不平等的传导渠道的房价和信贷：经合组织国家的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-31 DOI: 10.1016/j.eap.2024.08.027

Sofia Vale

引用次数: 0

Boosting green technology innovation in China's construction industry: The power of energy-consuming rights trading policy 推动中国建筑业的绿色技术创新：耗能权交易政策的力量

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-29 DOI: 10.1016/j.eap.2024.08.029

Xingwei Li, Jie Yang, Yuhong Yao, Zuoyi Ding, Jiekuo Hao, Wenjun Yin, Qiong Shen

{"title":"Boosting green technology innovation in China's construction industry: The power of energy-consuming rights trading policy","authors":"Xingwei Li, Jie Yang, Yuhong Yao, Zuoyi Ding, Jiekuo Hao, Wenjun Yin, Qiong Shen","doi":"10.1016/j.eap.2024.08.029","DOIUrl":"10.1016/j.eap.2024.08.029","url":null,"abstract":"<div><p>Despite the energy-consuming rights trading (ECRT) as a policy practice to achieve the Sustainable Development Goals (SDGs), the existing literature has not yet clearly revealed how it affects green technology innovation in the construction industry. Based on the panel data of 30 provincial-level administrative regions in China from 2010 to 2021, this paper empirically examines the impact and mechanism of the pilot ECRT policy on green technology innovation in the construction industry using the difference-in-differences (DID) method. The study shows that the ECRT policy significantly enhances green technology innovation in the construction industry in the pilot areas. Specifically, the level of green technological innovation in the construction industry in the pilot areas increased by 23.2 % after the implementation of the ECRT policy. Further mechanistic tests show that the ECRT policy promotes green technological innovation in the construction industry by increasing research and development (R&D) investment and upgrading the industrial structure. This paper assesses for the first time the impact of the ECRT policy on green technology innovation from the construction industry's perspective, providing a new perspective for assessing the impact of market-based environmental regulation. This paper is also highly significant for the government to enhance its policies on energy saving and pollution reduction.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 410-423"},"PeriodicalIF":7.9,"publicationDate":"2024-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142173764","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 technology and domestic value-added ratio in export: Evidence from China's pilot zones for integrating informatization and industrialization 数字技术与国内出口增值率：来自中国信息化和工业化融合试验区的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-29 DOI: 10.1016/j.eap.2024.08.030

Suqin Pang , Zhaohua Li , Yong Wang

{"title":"Digital technology and domestic value-added ratio in export: Evidence from China's pilot zones for integrating informatization and industrialization","authors":"Suqin Pang , Zhaohua Li , Yong Wang","doi":"10.1016/j.eap.2024.08.030","DOIUrl":"10.1016/j.eap.2024.08.030","url":null,"abstract":"<div><p>Accelerating the penetration of digital technology into industrial transformation is an important concern for developing economies that dedicate to achieve high-quality development of foreign trade. Regarding China's pilot zones for integrating informatization and industrialization (PZII) as an exogenous shock of digital technology application, this study sheds light on effects of digital technology on domestic value-added ratio in export (DVAR) based on fine-grained firm-level data covering 2002–2013. Our finding reveals that digital technology improves firms’ DVAR, and the results remain consistent after conducting a series of robustness checks and addressing potential endogeneity. The heterogeneity analysis suggests that digital technology exerts significantly positive effects on DVAR of processing trade rather than general trade firms, foreign rather than domestic firms, and eastern rather than middle and western firms. The mechanism test discloses that digital technology positively affects DVAR through cost reduction effects and technology progress effects. Further investigation shows that market competition plays a positive role in moderating effects of digital technology on firms’ DVAR. Lastly, this study puts forward corresponding policy implications based on the conclusions.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 424-439"},"PeriodicalIF":7.9,"publicationDate":"2024-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142230383","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

Can mandatory local-talent hiring policy reduce regional starting wage gap? Causal evidence from Korean graduates 强制性本地人才聘用政策能否缩小地区起始工资差距？韩国毕业生的因果证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-28 DOI: 10.1016/j.eap.2024.08.028

Sungjae Oh , Hanol Lee

引用次数: 0

Education choice and human capital accumulation with an endogenous fertility model 内生生育率模型下的教育选择和人力资本积累

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-27 DOI: 10.1016/j.eap.2024.08.016

Hiroki Tanaka , Masaya Yasuoka

引用次数: 0

Rent control and neighborhood income. Evidence from Vienna, Austria 房租管制与居民收入。来自奥地利维也纳的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-26 DOI: 10.1016/j.eap.2024.08.025

Ulrich B. Morawetz , H. Allen Klaiber

{"title":"Rent control and neighborhood income. Evidence from Vienna, Austria","authors":"Ulrich B. Morawetz , H. Allen Klaiber","doi":"10.1016/j.eap.2024.08.025","DOIUrl":"10.1016/j.eap.2024.08.025","url":null,"abstract":"<div><p>Rent control is a highly controversial housing policy. For Vienna, Austria, we show how rent control impacts block-group income distributions as the share of residents with rental contracts subject to a cap increase. Using regression with spatial fixed effects, we find that a 1 %-point increase in residents with rental contracts subject to a cap reduces the average net income of the block-group by 52.70 Euro/year. For the typical block-group containing 861 residents, this implies a reduction in total block-group income of 45,375 Euro/year. This suggests increasing numbers of lower income residents are locating in block-groups with rental caps. We further show the effect of capped rents on average income is heterogeneous across and within block-groups, with greater reductions in higher income block-groups compared to lower income block-groups. Our results demonstrate that the rent control policy in Vienna impacts residents’ location choice and the resulting spatial income distribution despite the lack of means testing.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 145-158"},"PeriodicalIF":7.9,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0313592624002133/pdfft?md5=5eaae1a50c673805c8af4a1255eb0fd4&pid=1-s2.0-S0313592624002133-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142122174","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

Loneliness, children's support, and demand for socialized elderly services: Empirical findings from China 孤独感、子女支持与社会化养老服务需求：中国的经验发现

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-26 DOI: 10.1016/j.eap.2024.08.024

Yao Huang , Yueru Ma , Shuwen Yang , Jian Ma

{"title":"Loneliness, children's support, and demand for socialized elderly services: Empirical findings from China","authors":"Yao Huang , Yueru Ma , Shuwen Yang , Jian Ma","doi":"10.1016/j.eap.2024.08.024","DOIUrl":"10.1016/j.eap.2024.08.024","url":null,"abstract":"<div><p>The pace of aging is accelerating, and concurrently, an increasing number of elderly individuals are grappling with loneliness. Using KHB method and secondary moderating effect test, authors apply the concept of multi-dimensional loneliness in an exploratory study of eldercare service purchase behavior among elderly people based on national sample in China. Results show that, firstly, loneliness serves as a significant motivator driving the consumption behavior of elderly care services. Secondly, the varying degrees of loneliness differentially impact the consumption behavior of elderly individuals receiving eldercare services. Mild loneliness manifests as a facilitative effect, whereas severe loneliness manifests as an inhibitory effect. Thirdly, emotional loneliness promotes the consumption behavior of lonely elderly individuals towards eldercare services, whereas social loneliness is unrelated to the consumption of eldercare services among lonely elderly individuals. Lastly, emotional support from adult children incentivizes lonely elderly individuals to invest in care-related eldercare services, displacing their expenditure on mental well-being-focused eldercare services. The findings of this paper confirm the multidimensional nature of loneliness within the context of elderly care services, laying the groundwork for future research on the significance of elderly care services in enhancing the psychological well-being of the elderly population.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 111-123"},"PeriodicalIF":7.9,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142099342","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

Can stimulus checks to households save the local economy? The impact of South Korea’s COVID-19 stimulus on small business sales 给家庭的刺激性支票能拯救当地经济吗？韩国 COVID-19 刺激措施对小企业销售的影响

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-24 DOI: 10.1016/j.eap.2024.08.017

Jihee Kim, Susang Lee

{"title":"Can stimulus checks to households save the local economy? The impact of South Korea’s COVID-19 stimulus on small business sales","authors":"Jihee Kim, Susang Lee","doi":"10.1016/j.eap.2024.08.017","DOIUrl":"10.1016/j.eap.2024.08.017","url":null,"abstract":"<div><p>During economic downturns, stimulus checks are often used to help households but may fail to reach the most affected sectors, such as local small businesses during COVID-19. Although the aggregate impact of these measures is well-studied, their distributional effects on local economies are less explored. Using a difference-in-differences analysis, this study examines weekly local sales data during 2020 from Gyeonggi and Incheon, South Korea, to assess the impact of Gyeonggi’s stimulus, distributed to every household for spending exclusively at local stores, contrasting with Incheon’s lack of such stimulus. We find that Gyeonggi’s stimulus initially boosted local sales by 4.5%, though this impact gradually diminished. This translates into a local-sales multiplier of 1.09, indicating that more than distributed stimulus was spent due to spillover and propagation effects in local in-person spending. Our findings emphasize the importance of tailored fiscal policy designs and assessing the distributional impacts of fiscal measures.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 159-176"},"PeriodicalIF":7.9,"publicationDate":"2024-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0313592624002091/pdfft?md5=eacdf7d80e273ba06d470b1e0c16ed0f&pid=1-s2.0-S0313592624002091-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142128844","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

Does improved credit access promote pollution reduction? The role of bank proximity 改善信贷渠道能否促进减少污染？银行邻近性的作用

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-23 DOI: 10.1016/j.eap.2024.08.019

Lin Guo , Huzhou Zhu , Chunyuan Zhang , Ying Liu , Chunxiao Yang

{"title":"Does improved credit access promote pollution reduction? The role of bank proximity","authors":"Lin Guo , Huzhou Zhu , Chunyuan Zhang , Ying Liu , Chunxiao Yang","doi":"10.1016/j.eap.2024.08.019","DOIUrl":"10.1016/j.eap.2024.08.019","url":null,"abstract":"<div><p>The impact of the spatial proximity between banks and enterprises on industrial pollution reduction remains underexplored, particularly in areas with limited credit access. Previous studies have focused on the influence of environmental regulations and green credit initiatives; however, the significance of the financial sector's spatial distribution remains uninvestigated. Our research develops a model illustrating that improved credit access facilitates greater investment in emission reduction, leading to more effective pollution control as financing becomes more accessible. Using data from China's bank branch expansion, we empirically show that closer proximity between banks and enterprises significantly enhances pollution mitigation efforts. Our findings reveal that a more accessible banking network eases credit constraints and promotes eco-friendly practices without impeding economic growth, particularly by aiding less efficient and more polluting enterprises. This study sheds light on the crucial role of financial accessibility in advancing environmental performance and provides valuable insights for policymakers and financial strategists.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 78-97"},"PeriodicalIF":7.9,"publicationDate":"2024-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142099343","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

The impact of financial deepening on agricultural production: A household-level analysis of BigTech finance 金融深化对农业生产的影响：大科技金融的家庭层面分析

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-08-23 DOI: 10.1016/j.eap.2024.08.018

Hong Zhang , Yuejing Wang , Xiaoquan Wang

{"title":"The impact of financial deepening on agricultural production: A household-level analysis of BigTech finance","authors":"Hong Zhang , Yuejing Wang , Xiaoquan Wang","doi":"10.1016/j.eap.2024.08.018","DOIUrl":"10.1016/j.eap.2024.08.018","url":null,"abstract":"<div><p>The relationship between financial deepening and agricultural production remains ambiguous. Previous literature has demonstrated that financial depth can alleviate poverty among rural households by facilitating self-employment in non-agricultural sectors or migration to urban areas, but its impact on rural households engaged in the agriculture sector has not been discussed. This paper utilizes the usage of financial services provided by a leading BigTech company in China and household survey data to analyze how financial deepening affects rural households’ agricultural production. The findings demonstrate the efficacy of BigTech finance in augmenting agricultural income for rural households. Mechanism analysis reveals that this impact is only observed among financially constrained rural households or those affected by climate disasters, thereby facilitating an expansion in the agricultural production inputs and enhancing efficiency. Furthermore, the distributional analysis underscores that BigTech finance primarily benefits rural households with limited access to traditional financial services, suggesting its complementary role to traditional finance in bolstering agricultural production amidst financial deepening endeavors.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 57-77"},"PeriodicalIF":7.9,"publicationDate":"2024-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142089186","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