Economic Analysis and Policy最新文献_第2页

How does carbon transition risk drive corporate diversification? Evidence from heavy emitter firms in China

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.02.033

Khanh Hoang , Cuong Nguyen , Toan Luu Duc Huynh , Hailiang Zhang , Van Thi Thuy Vu

{"title":"How does carbon transition risk drive corporate diversification? Evidence from heavy emitter firms in China","authors":"Khanh Hoang , Cuong Nguyen , Toan Luu Duc Huynh , Hailiang Zhang , Van Thi Thuy Vu","doi":"10.1016/j.eap.2025.02.033","DOIUrl":"10.1016/j.eap.2025.02.033","url":null,"abstract":"<div><div>Carbon-intensive firms are increasingly exposed to carbon transition risks stemming from evolving climate policies, forcing them to adapt to a low-carbon economy. While prior research focuses on direct environmental initiatives to mitigate carbon transition risks, limited attention has been given to corporate diversification as an alternative strategy. This study investigates the impact of carbon transition risks on revenue diversification of Chinese listed firms, employing a difference-in-differences framework with the Paris Agreement as an exogenous shock. We find a significant increase in diversification of heavy-emitting firms following the Paris Agreement compared to their counterparts, without a corresponding increase in environmental investments or green technology adoption. This response is notably pronounced among firms with state ownership and is weakened when investment irreversibility is high. The findings align with the real options perspective and provide new insights into corporate responses to climate policy changes within the unique context of China.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1971-1994"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519839","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

Greening through economic complexity: New evidence from Chinese cities

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.02.034

Mengying Ni , Zimin Liu , Zhuang Zhang

{"title":"Greening through economic complexity: New evidence from Chinese cities","authors":"Mengying Ni , Zimin Liu , Zhuang Zhang","doi":"10.1016/j.eap.2025.02.034","DOIUrl":"10.1016/j.eap.2025.02.034","url":null,"abstract":"<div><div>“The stronger get stronger, the weaker get weaker”? Does the process of urban economic complexity exhibit a preference for green? This research utilizes the reflection iteration method to measure the economic complexity of Chinese cities and examines the impact of economic complexity on urban green development and its underlying mechanisms. The results are as follows: (1) the enhancement of economic complexity promotes the green development of urban economies, with enduring effects; (2) the green impact of economic complexity exhibits an increasing marginal trend, meaning that the higher the urban complexity, the stronger the marginal effect; (3) mechanism analysis indicates that economic complexity, on one hand, optimizes the developmental path of urban industries by squeezing out pollution-intensive and resource-dependent industries; on the other hand, economic complexity contributes to strengthening the urban innovation ecosystem, such as enhancing levels of urban innovation, entrepreneurship, technological advancement, R&D collaboration, and knowledge spillover. Additionally, the impact of economic complexity on urban green development is moderated by external constraints such as energy efficiency, environmental regulations, and public supervision; (4) heterogeneity analysis reveals that the green impact effect of economic complexity varies with the level of talent accumulation, administrative hierarchy, geographical location and industrial layout. This study offers valuable insights for optimizing urban development path and promoting green transformations in urban areas.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 2063-2090"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143548267","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 geopolitical risk: Sovereign CDS insights from the Russo-Ukrainian War

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.02.027

Olivér Nagy , Gábor Neszveda

引用次数: 0

The effect of low-carbon city pilot policy on public health: An empirical analysis of adult health in China

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.02.039

Hongwen Chen , Jie Dian , Sihan Fan , Ying Fang

{"title":"The effect of low-carbon city pilot policy on public health: An empirical analysis of adult health in China","authors":"Hongwen Chen , Jie Dian , Sihan Fan , Ying Fang","doi":"10.1016/j.eap.2025.02.039","DOIUrl":"10.1016/j.eap.2025.02.039","url":null,"abstract":"<div><div>Growing concern about climate change and the promotion of green and low-carbon development has led to an increase in attention given to the health effects of Low-Carbon City Pilot (LCCP) policy on adults in developing countries. However, limited research has been conducted in this area. This study employs the difference-in-differences approach to analyse the impact of LCCP policy on adult health and its mechanism. Our results indicate that LCCP policy has significantly improved the health of adults by decreasing the likelihood of residents' illness or injury in the last four weeks, reducing the probability of high blood pressure, and decreasing the prevalence of overnutrition. Robustness tests were conducted, and the results remain consistent. Our mechanism analysis reveals that LCCP policy has improved adult health by reducing pollutant emissions, upgrading industrial structures, and enhancing public services. Heterogeneity analysis suggests that urban areas and higher-income households are significantly impacted by the policy. Our study provides valuable insights into the evaluation of LCCP policy, recommending that policymakers consider implementing targeted measures in similar contexts to promote public health and sustainable development.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 2043-2062"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143548266","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

Economic impact and policies for the obesity pandemic in emerging economies

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.02.009

Carlos J. García

{"title":"Economic impact and policies for the obesity pandemic in emerging economies","authors":"Carlos J. García","doi":"10.1016/j.eap.2025.02.009","DOIUrl":"10.1016/j.eap.2025.02.009","url":null,"abstract":"<div><div>A complementary methodology to traditional econometric analysis is proposed to estimate the economic impact of healthy eating and to evaluate policies against the obesity pandemic in emerging countries. The impact of healthy eating is quantified with a structural model based on stylized facts to define preferences, the relationship between disease and obesity, and agents’ perception of healthy eating. To illustrate the methodology, the model is estimated with Bayesian econometrics for a representative emerging country (Chile). The methodology is complementary to other alternatives, contributing to quantify the second-round benefits of food programs and public policies. Thus, to the extent that evaluation programs indicate that one or another alternative is beneficial, our proposal will show how these benefits are transferred to the entire economy and its productivity. This helps to add another criterion to classify the different policies, reinforcing the design and debate of public policies in this area and, also, with other matters of public interest. The results indicate that an emerging economy may be foregoing a substantial part of its growth if the obesity pandemic is not adequately addressed with policies that change agents’ behavior.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1949-1970"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143509239","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

National river conservation plan and water pollutants in India

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.02.031

Apra Sinha , Ashish Kumar Sedai

引用次数: 0

The good, the bad: How digital technology shapes welfare for formal and flexible workers?

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.02.037

Su Zhang , Yan Xia , Huijuan Wang , Jiaofeng Pan

{"title":"The good, the bad: How digital technology shapes welfare for formal and flexible workers?","authors":"Su Zhang , Yan Xia , Huijuan Wang , Jiaofeng Pan","doi":"10.1016/j.eap.2025.02.037","DOIUrl":"10.1016/j.eap.2025.02.037","url":null,"abstract":"<div><div>Digital technology has a profound impact on China's labor market. How does the welfare inequality between formal and flexible workers change under the influence of digital technology? In this paper, theoretical and empirical studies are carried out respectively. In theory, the welfare effect of individual dimension is considered based on building a general equilibrium model including market production sector and household production sector; In the empirical aspect, the pooled four-wave data from the China Family Panel Studies (CFPS) from 2014 to 2020 are used to test the effects of digital technology on the welfare inequality between the formal and flexible workers. The findings reveal that digital technology widens wage disparity and non-wage benefit inequality between formal and flexible workers. Sectoral analysis indicates that digital technology significantly increases wage disparity in high-digitalization sectors, while non-wage benefit inequality is primarily exacerbated in low-digitalization sectors. Mechanism analysis demonstrates that the substitution effect and productivity effect negatively impact wage disparity, whereas the creation effect and the flexibility of flexible workers mitigate it. Regarding non-wage benefit inequality, digital skill gaps caused by digital technology exacerbate inequality, while legal efficiency and regulatory quality help alleviate it. In addition, the wage disparity and non-wage benefits inequality between the formal and flexible workers caused by digital technology are significantly different in different education levels, gender, time and regions.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 2007-2029"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143548372","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 increasing labour market rigidity on employment growth in OECD countries

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.03.010

Rasmus Wiese , João Tovar Jalles , Jakob de Haan

引用次数: 0

Sunrise, sunset, and adverse effects of the inflexible schedule on the health of students: Evidence from China

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.03.001

Zhicheng Xu, Qingqi Zhao

{"title":"Sunrise, sunset, and adverse effects of the inflexible schedule on the health of students: Evidence from China","authors":"Zhicheng Xu, Qingqi Zhao","doi":"10.1016/j.eap.2025.03.001","DOIUrl":"10.1016/j.eap.2025.03.001","url":null,"abstract":"<div><div>Industrialization has changed the human life rhythm synchronized with the sunrise/sunset, yet human biological features cannot fully adapt to these changes. The unified time zone and inelastic schedule in China make it difficult to coordinate sunrise and sunset times with daily routines, potentially leading to health issues. This paper examines the effects of exogenous variations in sunrise/sunset times across different seasons and regions on the time allocation and health outcomes of school children in China. Using the China Family Panel Studies, we find that later sunsets lead to sleep deprivation, increased indoor leisure time, and reduced extracurricular learning and physical exercise, which can impair physical and mental health. However, rigid morning schedule prevents students from compensating for sleep by late wake-up. Moreover, non-boarding and G9/12 students are more negatively affected. Our findings highlight the costs of the discrepancy between sunrise/sunset times and rigid daily life schedules and suggest adopting more flexible schedules that account for the seasonal and regional changes in sunset times.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 2180-2191"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143578197","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

Consumer preference for fresh produce: Does the biological control influence their choices?

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-03-01 DOI: 10.1016/j.eap.2025.02.040

Zhenzhen Liu , Xianhui Geng , Zhifeng Gao , Jingqiu Zhang

{"title":"Consumer preference for fresh produce: Does the biological control influence their choices?","authors":"Zhenzhen Liu , Xianhui Geng , Zhifeng Gao , Jingqiu Zhang","doi":"10.1016/j.eap.2025.02.040","DOIUrl":"10.1016/j.eap.2025.02.040","url":null,"abstract":"<div><div>This study investigates the impact of Biological Control (BC) methods on Chinese consumer preferences for fresh produce, with a particular focus on enhancing the functional components of pears. A Choice Experiment (CE) was conducted with 758 respondents from China, employing mixed Logit and Latent Class (LC) models to ascertain preference heterogeneity. Results indicate a strong consumer preference for pears enriched with vitamin C and fiber through BC, with consumers demonstrating a higher willingness to pay (WTP) for these functional attributes. Additionally, consumers prioritize food safety and environmental friendliness in their food choices, yet show indifference to the use of BC or other production technologies. The observed preference heterogeneity highlights the importance of market segmentation. Based on these insights, the study recommends leveraging labeling and branding strategies to communicate these quality attributes. The research contributes to understanding the evolving consumer demand for functional and environmentally friendly produce, providing valuable guidance for producers to align their offerings with market expectations and adopt biological control methods in a competitive market.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 2030-2042"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143548265","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