Economic Analysis and Policy最新文献_第10页

An extended view on inequality and redistribution in the European Union — The role of indirect taxation and in-kind benefits 欧盟不平等和再分配的延伸观点——间接税和实物福利的作用

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-04 DOI: 10.1016/j.eap.2025.05.001

Michael Christl , Silvia De Poli , Monika Köppl–Turyna

引用次数: 0

Energy prices, energy poverty and health: Evidence from a US cohort study 能源价格、能源贫困与健康：来自美国队列研究的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-04 DOI: 10.1016/j.eap.2025.05.027

Alyvia McTague , Elisa Trujillo-Baute

{"title":"Energy prices, energy poverty and health: Evidence from a US cohort study","authors":"Alyvia McTague , Elisa Trujillo-Baute","doi":"10.1016/j.eap.2025.05.027","DOIUrl":"10.1016/j.eap.2025.05.027","url":null,"abstract":"<div><div>This research explores the intricate connection between energy prices, energy poverty (EP) and physical and mental health outcomes among a representative sample of individuals aged over 50 in the United States. Utilizing 10 waves of longitudinal panel data from the Health & Retirement Study (HRS), we delve into an uncharted dimension of energy poverty research within the U.S., focusing on a particularly vulnerable subset of the population. We benefit from the climatic diversity across the different states, utilizing a two-way fixed effects and propensity score matching method to determine the causal impacts of both higher energy prices and the situation of energy poverty. Distinguishing our research is its emphasis on this specific demographic within the context of the United States, where energy insecurity and the absence of formal recognition of energy poverty persist. Employing a reduced form approach to evaluate the effect of energy prices on health, our results indicate a consistently negative relationship between higher energy prices and good health using our various indicators. We also delve into the potential mechanism of energy poverty, and find that being in energy poverty is associated with poorer health and higher depressive symptoms, along with an increase in weight as indicated by BMI. This study holds potential implications for the development of targeted interventions and policies addressing energy poverty among retirees and older adults in the U.S., offering valuable insights into the factors influencing health outcomes within this demographic. The findings underscore the pressing need for policy interventions to mitigate the health consequences of energy poverty.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"87 ","pages":"Pages 315-332"},"PeriodicalIF":7.9,"publicationDate":"2025-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144306908","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

Do firm and lender characteristics matter in monetary policy transmission? Evidence from Korean loan-level data 企业和贷款人的特征在货币政策传导中重要吗？来自韩国贷款水平数据的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-03 DOI: 10.1016/j.eap.2025.05.045

Hyunjoon Lim

{"title":"Do firm and lender characteristics matter in monetary policy transmission? Evidence from Korean loan-level data","authors":"Hyunjoon Lim","doi":"10.1016/j.eap.2025.05.045","DOIUrl":"10.1016/j.eap.2025.05.045","url":null,"abstract":"<div><div>This paper investigates how corporate lending responses to monetary policy shocks vary by firm size, lender type, and loan type. With our unique approach of extending local projection methodology by incorporating Korean credit registry data, we find that monetary tightening reduces both term loans and credit line usage across firms, yet large firms exhibit a relatively smaller decrease – or in some cases, an increase – compared to smaller firms. We attribute this to their greater creditworthiness and more abundant collateralizable assets. Moreover, large firms offset reduced term loans from banks by either increasing bank credit line drawdowns or substituting with term lending from non-banks–a “waterbed effect”. Our findings suggest that the presence of large firms and the expansion of the nonbank sector may attenuate the credit channel in the transmission of monetary policy, and that monetary tightening widens disparities in firms’ access to financing. In this light, our findings highlight the need for well-targeted policy interventions to mitigate the amplification of sectoral disparities induced by monetary policy.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"87 ","pages":"Pages 256-268"},"PeriodicalIF":7.9,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144290501","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

Industrial Robots application and corporate competitiveness: Evidence from China's A-share market 工业机器人应用与企业竞争力：来自中国a股市场的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-03 DOI: 10.1016/j.eap.2025.05.061

Yongtao Shen , Yi Bai , Fan Zhang

引用次数: 0

Minimum wage, foreign firm exit and export: Heterogeneity in investment motivation 最低工资、外资企业退出与出口：投资动机的异质性

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-02 DOI: 10.1016/j.eap.2025.06.001

Bing Lu , Xu Yang , Xinding Yu

引用次数: 0

Institutional investors’ green attention and corporate greenwashing: The effectiveness of external governance 机构投资者绿色关注与企业“漂绿”：外部治理的有效性

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-01 DOI: 10.1016/j.eap.2025.05.048

Shuitu Qian , Zhenyu Yang , Lingxiao Yang , Yun Zhang

引用次数: 0

Does the European fiscal framework play a pivotal role in shaping fiscal cyclicality of the revenue side of the budget balance? 欧洲财政框架是否在塑造预算平衡收入方面的财政周期性方面发挥了关键作用？

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-01 DOI: 10.1016/j.eap.2025.05.047

Giovanni Carnazza , Federica Lanterna , Paolo Liberati

{"title":"Does the European fiscal framework play a pivotal role in shaping fiscal cyclicality of the revenue side of the budget balance?","authors":"Giovanni Carnazza , Federica Lanterna , Paolo Liberati","doi":"10.1016/j.eap.2025.05.047","DOIUrl":"10.1016/j.eap.2025.05.047","url":null,"abstract":"<div><div>This paper explores the pro-cyclicality of discretionary tax revenues in the European Union (EU), focusing on the role of fiscal rules in shaping this outcome. Departing from the prevailing literature and building on a novel methodology that cyclically adjusts individual revenue components – adapting the European Commission’s framework – we highlight how standard approaches often obscure the true fiscal stance by relying solely on <em>ex-post</em> data. By contrasting <em>ex-post</em> and real-time output gap estimates, we demonstrate that real-time data more accurately capture the policy environment (and the fiscal outcomes) in which decisions are made. Our results reveal a consistent pro-cyclical pattern in tax policy across EU Member States, driven by the interaction between constrained discretionary space and rigid fiscal rules. Using two institutional indices and time-varying econometric techniques, we show that tightening fiscal constraints have amplified this pro-cyclicality over time. These findings raise important questions about the design of the new European fiscal framework and its ability to support macroeconomic stabilisation.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 2162-2179"},"PeriodicalIF":7.9,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144189694","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 a looser fertility policy reduce consumption inequality? Evidence from China’s “universal two-child policy” 宽松的生育政策能减少消费不平等吗？来自中国“全面二孩政策”的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-01 DOI: 10.1016/j.eap.2025.05.044

Xianbo Zhou , Songliang Han , Yingming Wu , Guangsu Zhou

{"title":"Can a looser fertility policy reduce consumption inequality? Evidence from China’s “universal two-child policy”","authors":"Xianbo Zhou , Songliang Han , Yingming Wu , Guangsu Zhou","doi":"10.1016/j.eap.2025.05.044","DOIUrl":"10.1016/j.eap.2025.05.044","url":null,"abstract":"<div><div>This paper uses micro survey data from China Household Finance Survey (CHFS) 2011 to 2019 and the staggered DID approach to study the impact of the loose “universal two-child” policy on Chinese household consumption inequality. The results show that the implementation of the policy can significantly reduce the relative consumption deprivation of policy-responsive families, and the effect is more significant for relatively vulnerable households, for example, those located in rural areas or western regions, with “outside-the-system” jobs or low- to middle-income levels. Mechanistic analysis revealed that the differentiated effects of the policy on the consumption of households with different income strata contributed to the reduction in consumption inequality. Furthermore, the policy alleviates consumption inequality through its negative effect on luxury consumption and positive effects on subsistence and development consumption. The mitigating effect of the two-child policy on consumption inequality is robust according to various robustness tests. This study has implications and policy significance for the implementation of China’s current three-child policy and the adjustment of future fertility policies, as well as narrowing the gap between the rich and the poor and achieving the goals of common prosperity and equalization.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 2132-2153"},"PeriodicalIF":7.9,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144185125","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

Will trade facilitation enhance the innovation capability of Chinese cities? Evidence from 279 prefecture-level cities in China 贸易便利化会提升中国城市的创新能力吗？来自中国279个地级市的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-01 DOI: 10.1016/j.eap.2025.06.002

Hongjie Sun, Lan Li, Xiaohan Wang, Shipeng Sun

{"title":"Will trade facilitation enhance the innovation capability of Chinese cities? Evidence from 279 prefecture-level cities in China","authors":"Hongjie Sun, Lan Li, Xiaohan Wang, Shipeng Sun","doi":"10.1016/j.eap.2025.06.002","DOIUrl":"10.1016/j.eap.2025.06.002","url":null,"abstract":"<div><div>Trade facilitation and technological innovation are pivotal strategies for the high-quality development of cities in China within the context of the new development pattern. In order to clarify the mechanisms through which trade facilitation increases urban innovation capacity, this paper uses panel data from 279 prefecture-level cities in China between 2006 and 2021. It focuses on the factor intensification effect and technology transfer effect, as well as the regulatory and threshold effects of government technology support. The research findings indicate that: Trade facilitation significantly improves the innovation capabilities of Chinese cities, a conclusion that remains robust after various robustness and endogeneity tests. Factor aggregation and technology transfer serve as critical channels through which trade facilitation impacts urban innovation capabilities. The degree of government technology support can positively moderate the relationship between trade facilitation and urban innovation capacity, displaying a non-linear characteristic. Trade facilitation has a greater positive effect on urban innovation capacity in central and western cities, non-central cities, and resource-endowed cities. The above conclusions provide a theoretical foundation and policy insights for enhancing trade facilitation and promoting urban innovation capabilities within the framework of the new development pattern.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 2302-2316"},"PeriodicalIF":7.9,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144221316","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 VAT input tax refund policy on firms’ labor income share: Evidence from China 增值税进项退税政策对企业劳动收入份额的影响：来自中国的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-06-01 DOI: 10.1016/j.eap.2025.05.054

Guang-Zhao Yang , Deng-Kui Si

引用次数: 0