Economic Analysis and Policy最新文献_第2页

Green fiscal policies to reduce the environmental impact of consumption through a non-regressive carbon tax 绿色财政政策，通过征收非累退碳税来减少消费对环境的影响

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-29 DOI: 10.1016/j.eap.2025.09.005

Miguel A. Tovar Reaños , Aykut Mert Yakut , Kelly de Bruin , David Meier

引用次数: 0

Surviving together: Domestic inter-firm linkages and export performance of Chinese firms during trade crisis 共同生存：贸易危机中中国企业内部联系与出口绩效

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-26 DOI: 10.1016/j.eap.2025.09.030

Sainan Liao , Qun Bao , Jiali Dan , Bin Sheng

{"title":"Surviving together: Domestic inter-firm linkages and export performance of Chinese firms during trade crisis","authors":"Sainan Liao , Qun Bao , Jiali Dan , Bin Sheng","doi":"10.1016/j.eap.2025.09.030","DOIUrl":"10.1016/j.eap.2025.09.030","url":null,"abstract":"<div><div>Despite the extensive research on how firms individually respond to external trade shocks, there remains limited understanding of how exporters, connected through domestic buyer-seller relationships, collectively navigate and survive in foreign markets when confronted with unexpected export crises amid multiple trade risks. Using antidumping cases of Chinese exporters during 2009–2016, this paper empirically investigates how domestic production networks shape firms’ responsive export strategies during a trade crisis via inter-firm linkages. We find that domestic inter-firm linkages do help firms survive better once they face antidumping investigations. We also show that the characteristics of inter-firm linkages between firms and their linked partners are important. If the business linkages are closer, stronger, and more resilient in the domestic networks, firms benefit more from surviving together. Furthermore, it is shown that domestic production networks improve the survival performance of Chinese exporters through three channels of quality adjustment, introducing new products as well as export market sharing. The estimation results remain unchanged after controlling for the geographic spillover of export agglomeration in the neighborhood region. Our findings offer a novel insight into understanding how firms may respond and manage to survive together through domestic inter-firm linkages during a trade crisis.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"88 ","pages":"Pages 903-925"},"PeriodicalIF":8.7,"publicationDate":"2025-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267396","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

Social security and economic resilience - A new structural economics perspective 社会保障与经济弹性——结构经济学的新视角

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-26 DOI: 10.1016/j.eap.2025.09.026

Jennhae Liou , Zeyan Jiao , Kongde Wei , Yinghao Peng

{"title":"Social security and economic resilience - A new structural economics perspective","authors":"Jennhae Liou , Zeyan Jiao , Kongde Wei , Yinghao Peng","doi":"10.1016/j.eap.2025.09.026","DOIUrl":"10.1016/j.eap.2025.09.026","url":null,"abstract":"<div><div>From the perspective of new structural economics, we explore the relationship between social security and economic resilience. Theoretical analysis reveals that, constrained by factor endowments and their structure, social security expenditures exert directionally heterogeneous impacts on economic resilience across different stages of economic development. Empirical findings indicate that, during the sample period, social security expenditures are detrimental to the improvement of economic resilience. Heterogeneity analysis shows that the positive effect of social security expenditures on economic resilience in eastern regions is stronger than in central and western regions. Furthermore, as the level of economic development rises, the impact of social security expenditures on economic resilience presents a positive U-shaped curvilinear relationship. Results of the threshold effect analysis demonstrate that when per capita GDP reaches 32,431.33 yuan, the impact of social security expenditures on economic resilience shifts from negative to positive. Finally, further research reveals that deviations from the optimal level of social security expenditures exert a significantly negative impact on economic resilience.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"88 ","pages":"Pages 705-719"},"PeriodicalIF":8.7,"publicationDate":"2025-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267357","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

Research on the impact of extreme high temperature on the spatial correlation network of local government debt scales 极端高温对地方政府债务规模空间关联网络的影响研究

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-25 DOI: 10.1016/j.eap.2025.09.028

Xing Li , Yanli Zhou , Xiangyu Ge

{"title":"Research on the impact of extreme high temperature on the spatial correlation network of local government debt scales","authors":"Xing Li , Yanli Zhou , Xiangyu Ge","doi":"10.1016/j.eap.2025.09.028","DOIUrl":"10.1016/j.eap.2025.09.028","url":null,"abstract":"<div><div>Based on the spatial correlation of Chinese prefecture-level local government debt scales from 2010-2022, this paper employs complex network models, including Quadratic Assignment Procedure (QAP), Randomization Test of Autocorrelation (Joint-Count) and Exponential Random Graph Model (ERGM) to investigate the impact of extreme high temperature on the spatial correlation network of local government debt scales. The research findings reveal a strengthening relationship between extreme high temperature and the spatial correlation network of debt scales. Specifically, extreme high temperature positively affects the spatial centrality of debt scales and promotes their spatial spillover effect, mediated through the spatial distribution characteristics of extreme high temperature and public concerns regarding these temperature extremes. Furthermore, extreme high temperature emerges as the driving force for the evolution of spatial correlation network of debt scales by intensifying the Matthew effect’s divergence dynamics. It leads high-debt cities to attract disproportionately more debt scale correlations. Further investigation reveals that its impact on debt network evolution demonstrates a nonlinear pattern of Matthew effect intensification followed by saturation, while consistently serving as a positive driving factor. Simultaneously, an assortative mixing effect is observed, as the debt scale correlations of cities with similar climate conditions are enhanced. This research provides valuable insights for the formulation of spatial layout and management strategies of local government debt to cope with climate change such as extreme high temperature, and contributes to enhancing the climate finance resilience of debt management system.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"88 ","pages":"Pages 611-638"},"PeriodicalIF":8.7,"publicationDate":"2025-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145220993","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

Women’s bargaining power and household expenditure: Nonlinear effects from Chinese microdata 女性议价能力与家庭支出：来自中国微观数据的非线性效应

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-24 DOI: 10.1016/j.eap.2025.09.027

Xiaoqin SUN , Jianlei YANG , Honglei LIU

{"title":"Women’s bargaining power and household expenditure: Nonlinear effects from Chinese microdata","authors":"Xiaoqin SUN , Jianlei YANG , Honglei LIU","doi":"10.1016/j.eap.2025.09.027","DOIUrl":"10.1016/j.eap.2025.09.027","url":null,"abstract":"<div><div>This study examines how women’s bargaining power within Chinese households affects household expenditure patterns. Using microdata from 44,147 households that include a legally married couple from the 2017 and 2019 waves of the China Household Finance Survey (CHFS), we apply a collective household model combined with Generalized Propensity Score Matching (GPSM) to estimate causal effects. The analysis reveals a significant nonlinear (inverted U-shaped) relationship: household expenditure increases as women’s bargaining power rises, peaking when the wife contributes approximately 50 % of the total spousal income (i.e., a bargaining power value of ∼0.5), and then declines beyond that point. We further identify substantial heterogeneity across subgroups, with the strongest effects observed among urban, middle-income, and younger households, as well as those living with the wife’s parents. Notably, greater female bargaining power increases wives’ personal expenditures while reducing husbands’ spending. By integrating Chinese institutional and cultural characteristics into an intra-household bargaining framework, this study enriches the understanding of household economic behavior and offers practical policy insights for promoting household welfare and advancing gender-equitable reforms.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"88 ","pages":"Pages 775-800"},"PeriodicalIF":8.7,"publicationDate":"2025-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267354","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

Non-linear effects of fiscal policy in European welfare states 欧洲福利国家财政政策的非线性效应

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-22 DOI: 10.1016/j.eap.2025.09.024

Simona Laura Dragos , Eugenia Ramona Mara , Codruta Mare , Simona Munteanu

{"title":"Non-linear effects of fiscal policy in European welfare states","authors":"Simona Laura Dragos , Eugenia Ramona Mara , Codruta Mare , Simona Munteanu","doi":"10.1016/j.eap.2025.09.024","DOIUrl":"10.1016/j.eap.2025.09.024","url":null,"abstract":"<div><div>Fiscal policy, as the primary tool to enhance welfare, has gained more attention in recent years due to the need for economic stabilisation within the international context. This study investigates fiscal policy's impact on welfare in European states between 2001 and 2022. Using a dynamic panel with a threshold, we identify the non-linear effects of consumption tax, labour tax, public expenditures, and public debt on the level of development. Our results suggest that a labour tax burden exceeding the threshold can adversely affect welfare. Next, governments should have a minimum level of public expenditure to achieve welfare, while excessive public debt can be detrimental to increasing welfare. To capture fiscal policy heterogeneity across countries, we split them into welfare models and perform welfare mapping, highlighting each model’s strengths and weaknesses. We unveil significant differences in the impact of fiscal policy on labour taxation, public expenditure, and public debt levels for developed and developing European countries. Overall, our study provides valuable insights into fiscal policy's impact on the welfare of European nations. The results make a valuable contribution in identifying critical thresholds, which can aid policymakers in developing better fiscal policies to enhance the citizen welfare.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"88 ","pages":"Pages 557-586"},"PeriodicalIF":8.7,"publicationDate":"2025-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145220989","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

How the dual pilot policy impacts corporate low-carbon transition: Evidence from energy use rights and carbon emission rights trading in China 双试点政策如何影响企业低碳转型：来自中国能源使用权和碳排放权交易的证据

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-18 DOI: 10.1016/j.eap.2025.09.012

Zicheng Zhang , Shi Chen , Yixiong Huang

{"title":"How the dual pilot policy impacts corporate low-carbon transition: Evidence from energy use rights and carbon emission rights trading in China","authors":"Zicheng Zhang , Shi Chen , Yixiong Huang","doi":"10.1016/j.eap.2025.09.012","DOIUrl":"10.1016/j.eap.2025.09.012","url":null,"abstract":"<div><div>Energy use rights and carbon emission rights trading pilot policies are market-based measures designed to address climate challenges by encouraging firms to improve energy efficiency and reduce carbon emissions. In China, certain regions have implemented both policies simultaneously, giving rise to a dual pilot framework. However, the effect of this coordinated policy arrangement on corporate low-carbon transition (CLT) remains insufficiently examined. This study leverages panel data from China’s A-share listed companies between 2011 and 2021. We construct an optimized-EBM model that incorporates undesirable outputs to measure CLT performance and employ a synthetic difference-in-differences (SDID) approach to evaluate how the dual pilot policy impacts CLT. The empirical results demonstrate that the dual pilot policy significantly promotes CLT, with robustness checks supporting this finding. Mechanism analysis reveals two core channels: endogenous drivers—including green innovation, resource allocation, and operational capability; and exogenous responses—such as carbon risk awareness and green strategic orientation. Further heterogeneity tests suggest that the effect of dual pilot policy is more pronounced among private firms, those with higher financing constraints, in more market-oriented regions, and those not subject to green credit restrictions. Importantly, the dual pilot policy exhibits stronger effects than either policy implemented in isolation, enhancing enduring market performance while showing limited short-term impact. These findings offer factual supports for the effectiveness of integrated environmental governance and provide a valuable basis for future sustainable policy coordination.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"88 ","pages":"Pages 661-686"},"PeriodicalIF":8.7,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267402","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

Data trading platforms and total factor productivity: Insights from biased technical progress 数据交易平台与全要素生产率：来自偏向性技术进步的洞察

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-18 DOI: 10.1016/j.eap.2025.09.017

Haoyue Wu, Yingkai Yin

引用次数: 0

Does E-government boost environmental performance? 电子政务能提高环境绩效吗？

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-18 DOI: 10.1016/j.eap.2025.09.019

Yu-Hao Fu , Hao-Chang Yang

引用次数: 0

Environmental pollution liability insurance policy and corporate green innovation: The effect of environmental governance and internal governance 环境污染责任保险政策与企业绿色创新：环境治理与内部治理的影响

IF 8.7 2区经济学

Economic Analysis and Policy Pub Date : 2025-09-18 DOI: 10.1016/j.eap.2025.09.023

Xiaoyan Wang , Fang Guo , Bo Zhang , Yuxuan Li

{"title":"Environmental pollution liability insurance policy and corporate green innovation: The effect of environmental governance and internal governance","authors":"Xiaoyan Wang , Fang Guo , Bo Zhang , Yuxuan Li","doi":"10.1016/j.eap.2025.09.023","DOIUrl":"10.1016/j.eap.2025.09.023","url":null,"abstract":"<div><div>As a crucial component of green finance, environmental pollution liability insurance exerts a substantial influence on corporate green innovation globally. Since 2007, China’s pilot work in this area has gradually advanced and become a model for other countries. In this study, we examine the panel data of publicly listed companies in China from 2007 to 2023 to analyze the effect of the environmental pollution liability insurance policy pilot on corporate green innovation. The findings reveal that implementing socialized environmental governance through the environmental pollution liability insurance significantly enhances corporate green innovation. These results remain valid after conducting robustness tests. Moreover, we analyze the mechanisms driving this effect. Our findings indicate that the insurance promotes corporate green innovation by improving corporate environmental, social, and governance (ESG) performance; enhancing the quality of internal governance; and mitigating financing constraints. Heterogeneity test results indicate that the positive effects are particularly pronounced and strong in non-state-owned, heavy-polluting, and high-tech companies, as well as in a company’s strategic innovation other than substantive innovation.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"88 ","pages":"Pages 476-491"},"PeriodicalIF":8.7,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145158734","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