Economic Analysis and Policy最新文献_第3页

Does transport infrastructure development inhibit firm-level employment fluctuations? Evidence from national expressway construction in China 交通基础设施建设会抑制企业层面的就业波动吗？中国国家高速公路建设的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-15 DOI: 10.1016/j.eap.2024.09.011

{"title":"Does transport infrastructure development inhibit firm-level employment fluctuations? Evidence from national expressway construction in China","authors":"","doi":"10.1016/j.eap.2024.09.011","DOIUrl":"10.1016/j.eap.2024.09.011","url":null,"abstract":"<div><p>Employment Stabilization has always been a key focus of the Chinese government's work. Exploring the influencing factors of employment stability is of great significance for promoting the realization of high-quality employment. Based on the manually collected national expressway data and the China Industrial Enterprise Database from 1998 to 2015, this paper conducts an empirical study on the impact of transportation infrastructure development on enterprise employment fluctuations using the multi-timepoint difference-in-differences method. We find that the development of expressways has a significant inhibitory effect on enterprise employment fluctuations. Compared with areas where expressways have not been opened, the opening of expressways reduces local enterprise employment fluctuations by approximately 0.9 %. The development of expressways affects the demand side or supply side of the enterprise labor force through market scale effects, labor allocation effects, etc., thereby influencing enterprise employment fluctuations. The impact of expressway development on employment fluctuations of enterprises with different ownership natures, different economic regions, and different scales varies to some extent. Finally, this paper proposes relevant policy recommendations, providing practical and effective references for coordinating and promoting the goal of Employment Stabilization under the background of the strategy of building a strong transportation country.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142241616","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

Climate clubs and firm environmental performance: A regional institutional perspective 气候俱乐部与企业环境绩效：区域机构视角

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-14 DOI: 10.1016/j.eap.2024.09.020

引用次数: 0

Urban environmental regulation, firms’ emission reduction strategies and labor demand: Evidence from China 城市环境监管、企业减排战略和劳动力需求：来自中国的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-14 DOI: 10.1016/j.eap.2024.09.018

{"title":"Urban environmental regulation, firms’ emission reduction strategies and labor demand: Evidence from China","authors":"","doi":"10.1016/j.eap.2024.09.018","DOIUrl":"10.1016/j.eap.2024.09.018","url":null,"abstract":"<div><p>Air pollution affects people's livelihoods, and China's environmental governance is a defensive battle that must be fought. Combining several comprehensive datasets, this study uncovers the underlying mechanisms of urban environmental regulation that affect labor demand from the perspective of firms’ choice of emission reduction strategies. Utilizing a difference-in-differences method, this study finds that on average, the Key City Demarcation Scheme for Air Pollution Prevention and Control (KCDS) has a drive-out effect on employment while improving urban environmental quality, making it difficult to achieve the double-dividend of de-pollution and employment promotion. These conclusions still hold after considering various specification checks, including the instrumental variable method. Underlying mechanisms indicate that manufacturing firms strengthen both front-end productive “changes-in-process” and non-productive “end-of-pipe” treatment to respond to stricter urban environmental enforcement, and ultimately, KCDS has triggered a drive-out effect on employment. Heterogeneous effects investigate that firms’ emission reduction strategies have path dependence and that the drive-out effect on employment is particularly pronounced for large-scale, technology- and capital-intensive domestic firms in large cities. This study provides policy insights for the smooth realization of the urban green transformation while safeguarding the livelihood of society.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142241615","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 land expropriation to neighbors affect the enrollment of bystanders in pension programs? 向邻居征用土地是否会影响旁观者参加养老金计划？

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-14 DOI: 10.1016/j.eap.2024.09.021

{"title":"Does land expropriation to neighbors affect the enrollment of bystanders in pension programs?","authors":"","doi":"10.1016/j.eap.2024.09.021","DOIUrl":"10.1016/j.eap.2024.09.021","url":null,"abstract":"<div><p>Land expropriation can incur not only economic costs but also political costs. Using panel data from the China Family Panel Studies (CFPS), we investigate the impact of land expropriation on the compliance behaviors of rural residents for the New Rural Pension Scheme (NRPS), which is an extremely important public policy led by the government in China. To exclude the potential confounding impacts of reduced social security levels resulting from land expropriation, we focus on farmers in the same village who have not suffered land expropriation. The results of the difference-in-differences (DID) regression model suggest that land expropriation significantly reduces the probability of farmers within the same village, who have not suffered land expropriation, enrolling in the NRPS. The primary reasons are that land expropriation significantly decreases the trust of non-land expropriated farmers in local officials and the NRPS. Additionally, land expropriation has a stronger impact on unexpropriated farmers with lower levels of education, as well as unexpropriated households without Communist Party of China membership or with a high level of dependence on agriculture. Our findings suggest the cost of land expropriation is larger than previously thought, as it generates broader political trust and policy compliance issues.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142242432","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

Navigating post-Covid-19 economic recovery in WAEMU: A DSGE approach 引领西非经货联盟科维德-19 事件后的经济复苏：一种 DSGE 方法

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-13 DOI: 10.1016/j.eap.2024.08.031

引用次数: 0

Vietnam's exports to Korea and the real exchange rate: Post-crisis evidence from the multiple threshold nonlinear autoregressive distributed lag model 越南对韩国的出口和实际汇率：来自多阈值非线性自回归分布滞后模型的危机后证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-12 DOI: 10.1016/j.eap.2024.09.017

{"title":"Vietnam's exports to Korea and the real exchange rate: Post-crisis evidence from the multiple threshold nonlinear autoregressive distributed lag model","authors":"","doi":"10.1016/j.eap.2024.09.017","DOIUrl":"10.1016/j.eap.2024.09.017","url":null,"abstract":"<div><div>In this study, the asymmetric effects of the real exchange rate on Vietnam's exports to Korea were investigated using the multiple threshold nonlinear autoregressive distributed lag (MTNARDL) model. As a result, the MTNARDL model exhibited enhanced estimation accuracy compared to the single-threshold nonlinear autoregressive distributed lag (NARDL) model. Furthermore, the aggregate bias problem was solved using individual export data for 16 major industries instead of relying on the overall export value data. The results revealed the substantial asymmetric impact of real exchange rate fluctuations in the short and long run. Fluctuations in the real exchange rate boosted Vietnam's exports to the Republic of Korea in the long run, with minimal negative influence. This indicates that the depreciation of the Vietnamese dong against the United States (US) dollar encouraged exports in some industries but limited exports in others. However, the short-term effect of the real exchange rate remains uncertain, as it could be either negative or positive depending on the industry and threshold level. The diverse impacts of the real exchange rate fluctuations on exports across industries were attributed to factors such as the capacity to absorb foreign exchange risks, product heterogeneity, and the ease of adjusting inputs and production for each sector. Therefore, these findings may help policymakers develop Vietnam-specific policies to address long- and short-term changes in the threshold levels of real exchange rate fluctuations.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142251163","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 government-led urban expansion simultaneously alleviate pollution and carbon emissions? Staggered difference-in-differences evidence from Chinese firms 政府主导的城市扩张能否同时缓解污染和碳排放？来自中国企业的交错差分证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-12 DOI: 10.1016/j.eap.2024.09.012

{"title":"Can government-led urban expansion simultaneously alleviate pollution and carbon emissions? Staggered difference-in-differences evidence from Chinese firms","authors":"","doi":"10.1016/j.eap.2024.09.012","DOIUrl":"10.1016/j.eap.2024.09.012","url":null,"abstract":"<div><p>The outward expansion of city centers is a typical feature of rapid urbanization in developing countries, leading to complex environmental pollution effects due to evolving urban spatial patterns. This study examines the impact of government-led urban expansion on pollution and carbon emissions by firms, utilizing firm and city-level data. Employing the staggered difference-in-differences (DID) method and taking the county-to-district conversion (CDC) as a quasi-natural experiment, the study finds that CDC reduced SO<sub>2</sub> emissions by 80.95% and CO<sub>2</sub> emissions by 13.12%. The key to this synergistic emission reduction lies in a series of source control strategies, including enhancing energy efficiency and innovation, industrial restructuring, and production reduction. Furthermore, the study reveals that CDC has a more significant effect on emission reduction for NOEs and small firms. Additionally, large cities, cities with high fiscal self-sufficiency, and cities with high per capita GDP exhibit greater environmental regulatory strength, leading to more effective emissions reduction. This paper seeks to explore potential gaps in research on the environmental impacts of government-led urban expansion, and it may provide empirical support for relevant policies in developing countries.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142173763","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 interactive effect of maternity leaves and child care enrollment on maternal employment 产假和入托对产妇就业的交互影响

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-10 DOI: 10.1016/j.eap.2024.08.034

引用次数: 0

Digital transformation, information and lending distance -Evidence from Chinese bank branch data 数字化转型、信息与贷款距离--来自中国银行网点数据的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-08 DOI: 10.1016/j.eap.2024.09.015

{"title":"Digital transformation, information and lending distance -Evidence from Chinese bank branch data","authors":"","doi":"10.1016/j.eap.2024.09.015","DOIUrl":"10.1016/j.eap.2024.09.015","url":null,"abstract":"<div><p>This research aims to empirically investigate the relationship between bank digital transformation and lending distance. In traditional financial geography theory, banks have a natural geographical proximity preference in their credit decision-making, which might lead to suboptimal credit allocation. Can the rapid development of digitalization improve the situation that banks are only capable of undertaking ex ante due diligence and ex post monitoring of proximate borrowers, given that fintech has greatly improved the overall efficiency of the financial industry? Using bank loan data of listed enterprises in China from 2013 to 2021, this paper finds that the digital transformation of banks can significantly extend the lending distance between banks and enterprises. The moderating effect analysis suggests that distance extending effect of bank digitalization is more pronounced for firms with poor information quality and in competitive banking sector. Further, digital transformation extends the lending distance without increasing risk preferences, as evidenced by the empirical finding that the non-performing loan ratio remains unaffected by the increased distance. Also, geographical expansion in lending distance reduces loan concentration. The research in this paper supports the conclusion that banks' digital transformation positively impacts corporate credit allocation and is beneficial to achieving financial stability by improving loan performances.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142241613","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 banking competition increase corporate labor income share? Evidence from China 银行业竞争会增加企业劳动收入份额吗？来自中国的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-08 DOI: 10.1016/j.eap.2024.09.016

{"title":"Does banking competition increase corporate labor income share? Evidence from China","authors":"","doi":"10.1016/j.eap.2024.09.016","DOIUrl":"10.1016/j.eap.2024.09.016","url":null,"abstract":"<div><p>This paper investigates the impact of banking competition on corporate labor income share in China. Utilizing hand-collected unique data on bank branches within a certain distance of firms and a large sample of Chinese A-share list firms spanning the period 2000–2022, we find that banking competition significantly boosts corporate labor income share. A 10 percent increase in banking competition, the corporate labor income share increases by 0.06 percent on average. The results remain robust after replacing proxies, changing estimation methods, controlling for other shocks, and addressing endogenous concerns. Easing financing constraints, improving investment efficiency, and enhancing human capital are three essential channels through which banking competition promotes corporate labor income share. We also find that the impact of banking competition on corporate labor income share is more pronounced for firms with higher external financing dependence, higher financing gaps, more investment opportunities, higher governance efficiency, and higher information asymmetry. Our findings highlight the significance of enhancing banking competition to promote income distribution, foster common prosperity, and drive high-quality economic development.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142230384","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