Economic Analysis and Policy最新文献_第4页

How does international tourism revenue affect economic development? A perspective of human capital 国际旅游收入如何影响经济发展？人力资本的视角

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-05-06 DOI: 10.1016/j.eap.2025.05.009

Zhifeng Jie

{"title":"How does international tourism revenue affect economic development? A perspective of human capital","authors":"Zhifeng Jie","doi":"10.1016/j.eap.2025.05.009","DOIUrl":"10.1016/j.eap.2025.05.009","url":null,"abstract":"<div><div>The international tourism industry plays a key role in global economic dynamics, yet the impact of international tourism revenue (ITR) on economic development (ED), particularly in relation to human capital (HC), is under-explored. This paper examines ITR’s effect on ED across 182 countries, highlighting HC’s moderating role. Our analysis, using linear and non-linear regression models, shows a positive effect of ITR on ED, confirmed by robustness checks. The partially linear functional-coefficient (PLFC) model reveals HC strengthens this effect, though its marginal impact decreases beyond a threshold. Heterogeneity analysis shows regional variations: Asia, Europe, and South America experience diminishing marginal effects, while Africa sees a continuous strengthening effect. North America and Oceania, with higher ED, show smaller marginal effects. And in developed nations, the marginal effect of ITR initially increases with HC but exhibits diminishing returns after reaching a certain threshold. Conversely, in developing countries, the positive marginal effect of ITR strengthens continuously with rising HC levels within the observed range, indicating substantial potential for leveraging tourism benefits through further human capital enhancement. Finally, a decision tree regression model predicts that, despite ITR's modest current effect on ED, its future potential remains significant with policy support and market growth.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 1546-1568"},"PeriodicalIF":7.9,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143935856","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

Evaluating green policies: A comparative analysis of subsidies and public procurement in green transition 绿色政策评价：绿色转型中补贴与公共采购的比较分析

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-05-06 DOI: 10.1016/j.eap.2025.05.005

Jinqi Gao, Fan Lu

{"title":"Evaluating green policies: A comparative analysis of subsidies and public procurement in green transition","authors":"Jinqi Gao, Fan Lu","doi":"10.1016/j.eap.2025.05.005","DOIUrl":"10.1016/j.eap.2025.05.005","url":null,"abstract":"<div><div>Evaluating the impact of green fiscal policies is crucial for accelerating comprehensive green transition and advancing national green development. Using data from China’s A-share listed companies for 2015–2023 and employing an econometric two-way fixed effects model, this paper comparatively analyzes green fiscal policies’ synergistic effects on enterprise green transition. The following key results are obtained. First, government green subsidies and green public procurement significantly promote enterprise green transition through policy persistence, staged incentives, and green support. Second, a heterogeneity analysis reveals that the positive incentive effects vary by region, industry, and individual characteristics. Finally, further analysis shows that supply- and demand-side green fiscal policies exert a synergistic impact on enterprise green transition, contingent on the sequence of policy implementation. The findings of this study contribute to a deeper understanding of green support policies on the supply and demand sides, offering new insights for refining China’s green incentive policy framework.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 1675-1694"},"PeriodicalIF":7.9,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143935859","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

Virtue over Deception: Confucian Culture and Corporate Greenwashing Behavior 德性胜过欺骗：儒家文化与企业洗绿行为

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-05-06 DOI: 10.1016/j.eap.2025.05.013

Zenglu Song , Jinjing Lu , Xinkuo Xu

{"title":"Virtue over Deception: Confucian Culture and Corporate Greenwashing Behavior","authors":"Zenglu Song , Jinjing Lu , Xinkuo Xu","doi":"10.1016/j.eap.2025.05.013","DOIUrl":"10.1016/j.eap.2025.05.013","url":null,"abstract":"<div><div>Greenwashing behavior of enterprises is a false environmental protection phenomenon that not only damages investor trust but also hinders sustainable development. China’s still-imperfect formal institutions have a limited effect on greenwashing behavior, making it theoretically and practically significant to explore the effect of informal institutions on greenwashing behavior. Based on this, we examine the effect of Confucian culture on greenwashing behavior and its internal mechanisms using a sample of Chinese A-share listed firms from 2014 to 2021. The results show that Confucian culture can inhibit corporate greenwashing behavior, primarily through three mechanisms: alleviating financing constraints, promoting green innovation, and reducing information asymmetry. Heterogeneity analysis reveals that the inhibitory effect of Confucian culture on greenwashing behavior is stronger in non-state-owned firms, heavily polluting firms, firms whose executives lack overseas experience, and firms with a lower proportion of female executives. Further research indicates that Confucian culture plays a stronger role in inhibiting greenwashing behavior when formal institutions are weaker, demonstrating a substitution effect between formal and informal institutions. Therefore, Confucian culture should be continuously promoted and preserved to establish a long-term mechanism for informal institutions to inhibit corporate greenwashing behavior.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 1569-1591"},"PeriodicalIF":7.9,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143935860","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

Sustainability needs trust: The role of social trust in driving corporate ESG performance 可持续发展需要信任：社会信任在推动企业ESG绩效中的作用

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-05-06 DOI: 10.1016/j.eap.2025.05.007

Rui Fan , Yuxuan Xu , Liying Yu , Ran Qiu

引用次数: 0

How government green procurement incentivises corporate green innovation? Evidence from China 政府绿色采购如何激励企业绿色创新？来自中国的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-05-05 DOI: 10.1016/j.eap.2025.05.004

Ganna Zou , Shengbo Zhang , Xingqiong Gan , Hua Cheng

{"title":"How government green procurement incentivises corporate green innovation? Evidence from China","authors":"Ganna Zou , Shengbo Zhang , Xingqiong Gan , Hua Cheng","doi":"10.1016/j.eap.2025.05.004","DOIUrl":"10.1016/j.eap.2025.05.004","url":null,"abstract":"<div><div>Supply-side policies for promoting green innovation face inherent limitations, underscoring the need for demand-side measures to drive firms toward higher-quality innovation. While prior research has focused largely on supply-side factors, evidence on the effects of government green procurement, particularly in emerging economies, remains scarce and inconclusive. This study addresses this gap by examining the impact of China’s government green procurement list through a quasi-natural experiment using the difference-in-differences method. The findings reveal that government green procurement enhances both the level and quality of contractors’ green innovation by alleviating financing constraints and raising environmental concerns among firms and the public. These benefits also extend throughout the supply chain. However, factors such as managerial short-sightedness and local governments’ economic growth objectives can undermine the policy’s effectiveness. To maximise government green procurement’s spillover effects on corporate green innovation, the policy framework must integrate well-balanced incentives and constraints.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 1605-1626"},"PeriodicalIF":7.9,"publicationDate":"2025-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143935862","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 development, farmers' digital financial behavior, and relative poverty: An empirical analysis based on data from farmers in Yongzhou City 数字金融发展、农民数字金融行为与相对贫困——基于永州市农民数据的实证分析

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-05-05 DOI: 10.1016/j.eap.2025.05.006

Danyang Zhu

{"title":"Digital financial development, farmers' digital financial behavior, and relative poverty: An empirical analysis based on data from farmers in Yongzhou City","authors":"Danyang Zhu","doi":"10.1016/j.eap.2025.05.006","DOIUrl":"10.1016/j.eap.2025.05.006","url":null,"abstract":"<div><div>The development of digital finance has provided new, sustainable technological conditions for improving rural households' affluence and living standards in China. This paper conducts field research on 850 rural households in Yongzhou City, using logit models to empirically analyze the sustainable impact of rural households' digital financial behavior. It examines the magnitude of influence from various factors and explores the impact mechanisms and mediating effects of farmers' digital financial behaviors, specifically focusing on digital payments, internet wealth management, and internet credit. The marginal contributions of this study are: (1) First-hand data from rural Yongzhou, providing accurate, reliable, and practical microdata that better reflect local farmers' ability and willingness to engage in digital financial behavior; (2) Practical classification of explanatory variables based on Yongzhou farmers’ conditions, exploring how income, age, and education level affect farmers' use of digital financial services; (3) Constructing a farmer affluence index system incorporating housing conditions, living standards, and access to public services, and analyzing the mediating effect of relative poverty on digital financial behavior. The findings suggest that household income and education level have positive, sustainable impacts on digital financial behavior, while age has a negative correlation. Factors such as ownership of a commercial house or car have no significant impact. Relative poverty shows a weak negative impact on the use of digital payment but has a small, sustained negative effect on the mediating role of internet lending behavior, with no significant impact observed for internet wealth management behavior. The paper concludes with recommendations to optimize farmers' digital financial behavior from the perspectives of individual farmers, financial institutions, and government support.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 1801-1819"},"PeriodicalIF":7.9,"publicationDate":"2025-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144071315","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

Computation network and carbon neutrality: A quasi-natural experiment by externality of institutional support to energy security 计算网络与碳中和：能源安全制度支持外部性的准自然实验

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-05-03 DOI: 10.1016/j.eap.2025.05.002

Da Huo , Xiaotao Zhang , Wenjia Gu , Zixuan Gao

{"title":"Computation network and carbon neutrality: A quasi-natural experiment by externality of institutional support to energy security","authors":"Da Huo , Xiaotao Zhang , Wenjia Gu , Zixuan Gao","doi":"10.1016/j.eap.2025.05.002","DOIUrl":"10.1016/j.eap.2025.05.002","url":null,"abstract":"<div><div>The computation network as new infrastructure holds strategic significance in ensuring energy security towards carbon neutrality. This study examines the impact of computation network construction on carbon emissions, addressing evidence through the institutional support of China’s National Computing Power Hub Policy (NCPHP) as a quasi-natural experiment. The policy seeks to transfer computational demand westward by establishing an integrated network, which serves as the backbone of the nation’s “Eastern Data, Western Computing” strategy. Empirical analysis employs a difference-in-difference-in-difference (DDD) approach to estimate the pro-environmental and spatial effects of NCPHP in eastern regions, using panel data from 30 provinces spanning 2006 to 2022. The findings indicate that the policy significantly reduces carbon emissions in eastern provinces and generates positive green externalities by alleviating environmental pressure through western computing supply, coordinated via the computation network. These results stand across a series of robustness checks and endogeneity adjustments. Additional computing social science methods are employed to deepen the discussion on empirical evidence. Bipartite matching and maximum flow programming are developed to identify key “trunk roads” and assess the performance of the integrated computation network, aligning with NCPHP’s design. This study provides valuable insights into fostering inclusive computational development from an energy security perspective within the carbon neutrality framework.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"86 ","pages":"Pages 1427-1443"},"PeriodicalIF":7.9,"publicationDate":"2025-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143916835","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 bank interest rate deregulations on firm exports: Evidence from China 银行利率放松管制对企业出口的影响：来自中国的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-05-02 DOI: 10.1016/j.eap.2025.05.003

Guangya Sun , Yaping Sun , Jing Guo

引用次数: 0

How does intergovernmental competition through hometown tax donation system affect local government efficiency? 地方税收捐赠制度下的政府间竞争如何影响地方政府效率？

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-04-29 DOI: 10.1016/j.eap.2025.04.035

Akinobu Ogawa , Haruo Kondoh

引用次数: 0

The shadow economy and foreign monetary transfers 影子经济和对外货币转移