Economic Analysis and Policy最新文献_第10页

A bootstrap dynamic multivariate panel Granger causality analysis to examine the relationship between the COVID-19, Delta and Omicron pandemic era and the maritime shipping freight industry 通过自举动态多变量面板格兰杰因果关系分析，研究 COVID-19、Delta 和 Omicron 大流行时代与海运货运业之间的关系

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-07-16 DOI: 10.1016/j.eap.2024.07.008

引用次数: 0

Does economic policy uncertainty influence executive compensation stickiness? Firm-level evidence from China 经济政策的不确定性会影响高管薪酬粘性吗？来自中国企业层面的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-07-14 DOI: 10.1016/j.eap.2024.07.006

Qiaoyu Jia , Jia'nan Zhou

引用次数: 0

An economy-wide and environmental assessment of an imported supply shortage for iron ore: The case of China 对进口铁矿石供应短缺的整体经济和环境评估：中国案例

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-07-09 DOI: 10.1016/j.eap.2024.07.002

{"title":"An economy-wide and environmental assessment of an imported supply shortage for iron ore: The case of China","authors":"","doi":"10.1016/j.eap.2024.07.002","DOIUrl":"10.1016/j.eap.2024.07.002","url":null,"abstract":"<div><p>Recently, geopolitical conflicts continue to intensify, with profound effects on global supply security of key mineral resources. Considering China's high dependence on foreign iron ore, once there is an import shortage, what impacts will it have on China's macro-economy and environment? Thus, using a computable general equilibrium model, this study introduced import supply disruption behaviour to assess the economy-wide and environmental effects of a large-scale iron ore import shortage on China. Furthermore, two supporting measures of enhancing upstream mining and cancelling steel import tariffs were constructed. The results demonstrated that an import shortage of iron ore will generate a negative effect on China's GDP and household welfare, wherein the higher the disruption degree, the greater the negative effect will be, and the maximum loss of GDP is 5.6 % in 2035. Secondly, total energy demand has reduced obviously, and the largest decline is 8.8 % in 2035. Particularly, the coal demand is most negatively affected by GDP loss, shrinking by up to 11.4 % by 2035. Meanwhile, the oil and gas demands have also dropped to some degree. Thirdly, the import disruption will help to reduce carbon emissions (by up to 9.9 % in 2035), but also have obvious environmental benefits. Finally, both measures will help alleviate the negative socio-economic impacts; however, the overall effects will be better if enhancing upstream mining is complemented by carbon pricing.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141639219","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

Does artificial intelligence reduce corporate energy consumption? New evidence from China 人工智能能否降低企业能耗？来自中国的新证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-07-06 DOI: 10.1016/j.eap.2024.07.005

Yunyun FU , Yongchang SHEN , Malin SONG , Weiyu WANG

{"title":"Does artificial intelligence reduce corporate energy consumption? New evidence from China","authors":"Yunyun FU , Yongchang SHEN , Malin SONG , Weiyu WANG","doi":"10.1016/j.eap.2024.07.005","DOIUrl":"https://doi.org/10.1016/j.eap.2024.07.005","url":null,"abstract":"<div><p>Artificial intelligence is playing a significant role in addressing the energy crisis. This study selected data from manufacturing companies listed on China's A-share market from 2011 to 2022 and calculated the total energy consumption for the first time. The data include the usage of coal, natural gas, gasoline, diesel and water consumption, electricity usage, and centralized heating. The data were then matched and merged with robot usage data from the International Federation of Robotics to empirically study the impact and mechanism of artificial intelligence on energy consumption levels. Our findings reveal that energy consumption decreases by 0.20 % with a one-unit increase in artificial intelligence applications by a corporation, indicating artificial intelligence can significantly reduce energy consumption. The mechanisms by which artificial intelligence affects energy consumption include technological innovation and digital transformation. Additionally, a heterogeneity analysis revealed that applying artificial intelligence in state-owned enterprises, high-tech companies, and non-heavy-pollution industries can further reduce energy consumption. Our study also provides important practical implications for formulating and optimizing global energy policies to achieve sustainable development goals.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141596776","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

Assessing the effectiveness of social protection measures in mitigating COVID-19-related income shocks in the European union 评估欧洲联盟社会保护措施在减轻与 COVID-19 相关的收入冲击方面的有效性

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-07-06 DOI: 10.1016/j.eap.2024.07.004

{"title":"Assessing the effectiveness of social protection measures in mitigating COVID-19-related income shocks in the European union","authors":"","doi":"10.1016/j.eap.2024.07.004","DOIUrl":"10.1016/j.eap.2024.07.004","url":null,"abstract":"<div><p>By means of counterfactual simulation methods, this paper quantifies the role of tax–benefit policies in mitigating the shock of the COVID-19 pandemic to household income in the European Union. The tax-benefit microsimulation model for the European Union EUROMOD is used to decompose changes in the income distribution into the effects of: (i) earnings losses due to COVID-19, (ii) automatic stabilizers, (iii) monetary compensation schemes introduced during the pandemic; and (iv) COVID-19-specific reforms to taxes and benefits implemented by European Union governments. The results show a great deal of heterogeneity between countries in terms of earnings losses and the effect of tax-benefit policies during the COVID-19 pandemic. In most countries, the largest contribution to cushioning the economic shock of the pandemic comes from monetary compensation schemes. Automatic stabilizers also play a role, mainly through the effects of social insurance contributions, taxes, and unemployment insurance benefits. Tax-benefit systems cushioned incomes to a large extent even among those most severely affected by the shock to earnings, with an important role for monetary compensation schemes, but also a larger stabilizing effect of unemployment insurance. Among automatic stabilizers, social assistance benefits played an important role in cushioning the income shock for the poorest quintiles among the most severely affected, but only in selected countries.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141630161","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

Is green place-based policy effective in mitigating pollution? Firm-level evidence from China 基于地方的绿色政策是否能有效减轻污染？中国企业层面的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-07-04 DOI: 10.1016/j.eap.2024.07.003

Qi Cheng, Jun Yang

{"title":"Is green place-based policy effective in mitigating pollution? Firm-level evidence from China","authors":"Qi Cheng, Jun Yang","doi":"10.1016/j.eap.2024.07.003","DOIUrl":"https://doi.org/10.1016/j.eap.2024.07.003","url":null,"abstract":"<div><p>The green place-based policy is crucial for balancing economic competitiveness and environmental protection. However, there is scarce literature examining its impact on environmental pollution and the underlying mechanisms at the micro level. This paper treats China's National Demonstration Eco-Industrial Parks (EIP) as a quasi-natural experiment and systematically evaluates its effect on pollution using a difference-in-differences (DID) approach. With data from Chinese industrial firms and counties, this research reveals that the EIP leads to a significant reduction of 54.36% in firms’ sulfur dioxide (SO<sub>2</sub>) emissions. Moreover, increasing R&D investment, reducing SO<sub>2</sub> emission intensity, implementing production process pollution control, and dynamic adjustments of firm entry and exit are significant influencing mechanisms. Heterogeneity tests indicate a stronger SO<sub>2</sub> reduction effect of the EIP program on firms in eastern regions, capital-intensive industries, and non-state-owned enterprises. This study suggests that the Chinese government should support the establishment of EIP, conduct a coordinate system, strategically plan the industrial chain, establish a pollution monitoring and early warning system, enhance information disclosure, and give greater emphasis to the construction of EIPs in central and western China.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141596775","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 financial inclusion and household energy poverty: Evidence from China 数字普惠金融与家庭能源贫困：来自中国的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-06-25 DOI: 10.1016/j.eap.2024.06.023

Shunlin Jin , Teng Ma , Xinyu Tan

引用次数: 0

Digital government and corporate leverage: Evidence from China 数字政府与企业杠杆：来自中国的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-06-25 DOI: 10.1016/j.eap.2024.06.026

Zifang Ding , Shen Qu , Shangyao Zhou , Siran Lu

{"title":"Digital government and corporate leverage: Evidence from China","authors":"Zifang Ding , Shen Qu , Shangyao Zhou , Siran Lu","doi":"10.1016/j.eap.2024.06.026","DOIUrl":"https://doi.org/10.1016/j.eap.2024.06.026","url":null,"abstract":"<div><p>Corporate leverage is an indicator of economic health, and this topic has attracted a great deal of attention since the international financial crisis of 2008. This paper constructs a model of enterprise decision-making under a digital government and theoretically analyzes how the government digital reform impacts corporate leverage and the mechanism of this impact. Theoretical analysis has previously shown that digital reforms by governments help to ease the information asymmetry between banks and enterprises, which in turn affects the actual economic activities of enterprises. Based on these findings, the “one-stop government service” natural experiment used in this paper and the empirical analysis using a multiphase difference-in-differences (DID) method show that digital government can inhibit the short-term debt financing of enterprises while improving their long-term debt financing. This study further finds that the digital government can improve the level of long-term debt for long-term use, thereby reducing corporate leverage. By enriching the theoretical and empirical research on government digital reform, this paper contributes significant theoretical and practical insights to the literature on corporate leverage in the context of government factors.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141482907","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

Does stock market liberalization promote entrepreneurship? 股票市场自由化会促进创业吗？

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-06-24 DOI: 10.1016/j.eap.2024.06.027

Chun Jiang , Yihan Qiu , Xiao-Lin Li , Deng-Kui Si

引用次数: 0

Political tides and tourist waves: Mainland China’s policy impact on Taiwan’s tourism 政治浪潮与旅游浪潮：中国大陆政策对台湾旅游业的影响

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-06-24 DOI: 10.1016/j.eap.2024.06.024

Minjie Yu , Yin Ma , Yipeng Wang , Ho-Chuan Huang

引用次数: 0