Economic Analysis and Policy最新文献_第6页

Green manufacturing pioneers: Unveiling the carbon dioxide reduction effect of China's green factories

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-15 DOI: 10.1016/j.eap.2025.02.016

Shengming Hu , Lanlan Cao , Yanli Shi , Hui Wang

{"title":"Green manufacturing pioneers: Unveiling the carbon dioxide reduction effect of China's green factories","authors":"Shengming Hu , Lanlan Cao , Yanli Shi , Hui Wang","doi":"10.1016/j.eap.2025.02.016","DOIUrl":"10.1016/j.eap.2025.02.016","url":null,"abstract":"<div><div>Unlike existing studies that primarily center on mandatory environmental policies, this study investigates the environmental impact of green manufacturing (GM) within the framework of voluntary policies, emphasizing its dual role in both incentivizing and constraining firms. This study leverages the Green Factory Policy and employs a staggered difference-in-differences model to analyze GM's impact on corporate CO₂ emissions and its underlying mechanisms. Results show that GM reduces CO<sub>2</sub> emissions per unit of revenue and per capita by 10.07% and 8.84%, respectively. Mechanism analysis reveals that GM reduces CO₂ emissions through green innovation, energy optimization, and enhanced energy efficiency. Heterogeneity analysis further reveals that the CO<sub>2</sub> reduction effect is significant only for firms with high financing constraints, high human capital, and large scale. Additionally, standardized evaluation criteria and dynamic regulatory oversight are shown to strengthen GM's impact. Moreover, GM generates forward spillover effects, significantly reducing downstream customers’ CO<sub>2</sub> emissions. This research advances the understanding of production innovation and environmental protection, offering practical insights for improving the GM system and advancing sustainable development.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1645-1662"},"PeriodicalIF":7.9,"publicationDate":"2025-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143454690","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

Newly updated nationally determined contributions: Implications for the global energy transition

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-15 DOI: 10.1016/j.eap.2025.02.017

Trang Tran , Duy Nong , George Verikios , Ray Marcos-Martinez , Yingying Lu , Heinz Schandl

{"title":"Newly updated nationally determined contributions: Implications for the global energy transition","authors":"Trang Tran , Duy Nong , George Verikios , Ray Marcos-Martinez , Yingying Lu , Heinz Schandl","doi":"10.1016/j.eap.2025.02.017","DOIUrl":"10.1016/j.eap.2025.02.017","url":null,"abstract":"<div><div>We employ the Global Trade Environment Model-Food to investigate the impact of the latest Nationally Determined Contributions (NDCs) on global and regional economies and energy systems. Findings indicate that achieving conditional NDC results in higher global economic losses (−1.17 % in real GDP in 2030) than unconditional NDCs (−0.96 %). For energy, global fossil fuel outputs are estimated to decline considerably relative to the baseline (e.g. −25 % for coal, −16 % for oil and gas and −15 % for petroleum under conditional NDC by 2030). Carbon prices induce the share of global coal-fired electricity to decline from 27 % and 13 % in the 2030 and 2050 baselines to 19 % and 6 % in conditional NDCs, respectively, which is partly compensated by the expansion of renewable-based electricity. Additionally, major developing economies, such as China and India, can substantially reduce their reliance on coal-fired power technology from 62 %–64 % in 2030 to 7 %–14 % in 2050. Strategic implementation of an energy-efficient policy is prominent, resulting in a 0.85 % loss in global real GDP by 2030. The benefits of such improvements to GDP growth vary across countries.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1816-1829"},"PeriodicalIF":7.9,"publicationDate":"2025-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143487773","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

Innovative incentive effects of domestic market integration: Evidence from the Yangtze River Delta region of China

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-15 DOI: 10.1016/j.eap.2025.02.006

Jiukai Hu , Deqing Luo , Yiming Wang

引用次数: 0

The dynamic influence of green technology and environmental taxes on consumption-based carbon emissions in Brazil

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-14 DOI: 10.1016/j.eap.2025.02.014

Omar Ahmed Abdulraqeb, Cao Erbao, Abdullah Aloqab, Hamdi Naji

引用次数: 0

Does rural Households’ financial literacy affect the household portfolio choices in poverty alleviation areas?

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-13 DOI: 10.1016/j.eap.2025.02.013

Xuejun Guo , Xiaoxi Guo , Haoran Guan

引用次数: 0

Does institutional investors’ environmental attention influence corporate environmental investment?

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-12 DOI: 10.1016/j.eap.2025.02.015

Qinqin Wu , Tingting Xie , Jing Lu

引用次数: 0

Does deglobalization affect the withdrawal of foreign-invested enterprises? -Evidence from the US-China trade conflicts

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-10 DOI: 10.1016/j.eap.2025.02.012

Siyi Peng , Hongfu Ni , Daocheng Zhong , Zijie Fan

{"title":"Does deglobalization affect the withdrawal of foreign-invested enterprises? -Evidence from the US-China trade conflicts","authors":"Siyi Peng , Hongfu Ni , Daocheng Zhong , Zijie Fan","doi":"10.1016/j.eap.2025.02.012","DOIUrl":"10.1016/j.eap.2025.02.012","url":null,"abstract":"<div><div>Does deglobalization drive the withdrawal of foreign-invested enterprises from countries facing adverse shocks? This question has recently attracted significant attention, especially regarding multiple risks such as US-China trade conflicts. Using the 2018–2019 trade conflicts as a quasi-experiment and year-quarterly data at the prefecture level, we explore whether tariff increases lead to the withdrawal of foreign-invested enterprises from China. The results show that prefectures more exposed to U.S. tariffs experience a higher withdrawal for foreign-invested enterprises. This finding remains robust when considering confounding variables, placebo tests, and pre-trend tests. The results suggest that worsening economic conditions, exacerbated by tariff exposures, contribute to the withdrawal of foreign-invested enterprises. Furthermore, the heterogeneity analysis shows that this effect is particularly pronounced in prefectures with higher labor costs and greater dependence on exports to the United States. It is especially significant in high-tech industries and wholly foreign-invested enterprises. This effect is primarily driven by foreign-invested enterprises involved in general trade and intermediate goods. This study provides empirical insights into the relationship between deglobalization and the withdrawal of foreign-invested enterprises.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1676-1698"},"PeriodicalIF":7.9,"publicationDate":"2025-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143464328","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

Corporate bond defaults and cross-regional investment: Evidence from China

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-10 DOI: 10.1016/j.eap.2025.02.011

Xun Hu , Cheng Xue , Xiangfang Zhao

引用次数: 0

Dose tariff exposure stimulate city crimes? Evidence from China-US trade war

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-10 DOI: 10.1016/j.eap.2025.02.010

Yabo Li , Zhen Zhang , Rui Teng , Shuo Fan

{"title":"Dose tariff exposure stimulate city crimes? Evidence from China-US trade war","authors":"Yabo Li , Zhen Zhang , Rui Teng , Shuo Fan","doi":"10.1016/j.eap.2025.02.010","DOIUrl":"10.1016/j.eap.2025.02.010","url":null,"abstract":"<div><div>This paper illuminates the impact of tariff exposure on city crimes by conducting a textual analysis of judgment documents from China Judgments Online. The findings reveal that cities experiencing higher tariff exposure tend to have a higher number of crimes, and this conclusion remains robust across various sensitivity analyses. On this basis, the paper further explores the heterogeneous impact of tariff exposure on city crimes. When considering city characteristics, it is observed that cities with younger populations and higher education levels are more susceptible to an increase in crime as tariff exposure increases. Additionally, resource-based and old industrial cities are more adversely affected by tariff exposure, which, in turn, exacerbates urban crime issues. From the perspective of case types, higher tariff exposure is correlated with an increase in Blue-collar crime, while its effect on White-collar crime is found to be insignificant. Furthermore, the study finds that tariff exposure reduces urban employment and income levels and increases negative psychological health among residents, which emerges as a significant pathway leading to criminal offenses.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1563-1579"},"PeriodicalIF":7.9,"publicationDate":"2025-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143428111","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

Increasing the share of renewable energy sources (RESs) in the specific portfolio by using the taxation mechanism: Study at the level of EU states

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2025-02-09 DOI: 10.1016/j.eap.2025.02.007

Bogdan Narcis Firtescu , Ionel Bostan , Maria Grosu , Laurențiu Droj , Camelia Catalina Mihalciuc

{"title":"Increasing the share of renewable energy sources (RESs) in the specific portfolio by using the taxation mechanism: Study at the level of EU states","authors":"Bogdan Narcis Firtescu , Ionel Bostan , Maria Grosu , Laurențiu Droj , Camelia Catalina Mihalciuc","doi":"10.1016/j.eap.2025.02.007","DOIUrl":"10.1016/j.eap.2025.02.007","url":null,"abstract":"<div><div>In recent years, a major concern of countries around the world has been to reduce pollution through various environmental policies, and the current geopolitical context requires the European Union to focus increasingly on reducing dependence on fossil fuels and using green energy sources. Starting from this specific and significant issue to be considered by policy makers for energy efficiency, this study aims to empirically assess the influence of energy taxation as an environmental policy measure on the development of renewable energy sources (RESs) and their increasing share in the energy portfolio. The study covers 28 countries that are members of the European Union and refers to the analysis period 2004–2021.The data used are panel data from the Eurostat database and the methods proposed for the empirical research refer to long-run A.R.D.L. (Auto Regressive Distributed Lag) models for estimating non-stationary heterogeneous panels with cross-sectional dependence. In addition to energy taxes (total and household) and the share of renewables included as variables of interest in the model, in order to test the robustness of the results obtained, control variables used in similar works, such as gross domestic product, population density and imports, were also included. The findings suggest that higher energy taxes lead to an increased share of RESs, highlighting the need for policymakers to incentivize energy efficiency through tax policies. Thus, the paper addresses an important and timely issue, given the current geopolitical context and the global push towards sustainable energy sources.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1534-1549"},"PeriodicalIF":7.9,"publicationDate":"2025-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143420479","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