Economic Analysis and Policy最新文献_第8页

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

Qianlin Hu, Razia Mijit, Jingxuan Xu, Shan Miao

{"title":"Can government-led urban expansion simultaneously alleviate pollution and carbon emissions? Staggered difference-in-differences evidence from Chinese firms","authors":"Qianlin Hu, Razia Mijit, Jingxuan Xu, Shan Miao","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":"84 ","pages":"Pages 1-25"},"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

Sung-Tae Lee , Sun-Moon Jung

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

Yulu Tian, Qin Su

{"title":"Digital transformation, information and lending distance -Evidence from Chinese bank branch data","authors":"Yulu Tian, Qin Su","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":"84 ","pages":"Pages 545-560"},"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

Deng-Kui Si , Meng Wang , Jiaming Wang , Hong-Xue Li

{"title":"Does banking competition increase corporate labor income share? Evidence from China","authors":"Deng-Kui Si , Meng Wang , Jiaming Wang , Hong-Xue Li","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":"84 ","pages":"Pages 440-454"},"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

Do national innovation policies lead to technological specialization or diversification? The role of path dependence and spatial spillovers 国家创新政策会导致技术专业化还是多样化？路径依赖和空间溢出效应的作用

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-07 DOI: 10.1016/j.eap.2024.09.013

Kang Liu , Yi Ren , Fei Yang

{"title":"Do national innovation policies lead to technological specialization or diversification? The role of path dependence and spatial spillovers","authors":"Kang Liu , Yi Ren , Fei Yang","doi":"10.1016/j.eap.2024.09.013","DOIUrl":"10.1016/j.eap.2024.09.013","url":null,"abstract":"<div><p>Although most national innovation policy aim to promote urban innovation, their impact on technological specialization and diversification has not been thoroughly explored. This paper examines the impact of the National Innovation City Pilot Policy (NICPP) on technological specialization and diversification in Chinese cities, utilizing data from 282 cities between 2006 and 2019, and employing the difference-in-differences (DID) method. The results indicate that NICPP increases technological specialization while decreasing diversification in cities. The pathways to these outcomes include innovation path dependence, agglomeration effects, and a reduction in breakthrough innovations. Additionally, the policy's spatial spillovers contributed to technological specialization in peripheral areas. The study highlights the heterogeneity of policy effects, suggesting that cities with higher levels of initial specialization are more significantly impacted by these policies, while differences in resource endowment, geographical location, and city size lead to varying patterns of specialization. Moreover, the study verifies the synergistic effect of NICPP with other policies, where initiatives promoting high technology and environmental regulation work in conjunction with NICPP to enhance specialization in corresponding industries. This study offers a comprehensive analysis of the multifaceted impacts of NICPP, delivering theoretical insights and empirical evidence for strategic policy deployment, enhancing regional cooperation, and fostering synergies among policies.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 499-520"},"PeriodicalIF":7.9,"publicationDate":"2024-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142241610","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

Empowered minority shareholders and corporate cash dynamics: Empirical evidence from China's online voting reform 受权小股东与公司现金动态：中国网络投票改革的经验证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-06 DOI: 10.1016/j.eap.2024.09.009

Shaojie Lai , Zixuan Luo , Qing Sophie Wang , Xiaoling Pu

引用次数: 0

Income inequality and complexity of the productive structure: New evidence at the world level 收入不平等与生产结构的复杂性：世界层面的新证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-06 DOI: 10.1016/j.eap.2024.09.014

Verónica Amarante, Bibiana Lanzilotta, Joaquín Torres-Pérez

引用次数: 0

Technological progress, fiscal policy, and economic fluctuations in China: Evidence from the heterogeneous firm DSGE model during the COVID-19 pandemic 中国的技术进步、财政政策和经济波动：COVID-19 大流行期间异质企业 DSGE 模型的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-06 DOI: 10.1016/j.eap.2024.09.008

Yamin Xie , Yuanguang Li

{"title":"Technological progress, fiscal policy, and economic fluctuations in China: Evidence from the heterogeneous firm DSGE model during the COVID-19 pandemic","authors":"Yamin Xie , Yuanguang Li","doi":"10.1016/j.eap.2024.09.008","DOIUrl":"10.1016/j.eap.2024.09.008","url":null,"abstract":"<div><p>Against the backdrop of the global COVID-19 pandemic and the deepening structural changes in the Chinese economy, this study presents a four-sector dual Dynamic Stochastic General Equilibrium (DSGE) model that incorporates households, heterogeneous firms, capitalists, and the government, taking into account the current domestic \"dual economic structure.\" The model is used to simulate and analyze the impacts of fiscal policies and technological progress on diverse economic entities during the pandemic. The study reveals several key findings: (1) the pandemic outbreak has a significant short-term impact on the economy, disproportionately affecting small and microenterprises but with higher natural recovery rates compared with large and medium-sized enterprises; (2) unbiased fiscal policies have positive effects on output and capital, with larger output recovery effects observed for large and medium-sized enterprises, while capital recovery effects are less favorable; (3) technological progress contributes to rapid and stable economic growth, yielding overall benefits for large and medium-sized enterprises, but leading to significant crowding-out effects on small and microenterprises; and (4) solely increasing tax support for small and microenterprises, assuming constant tax revenue sources, does not enhance the overall resilience of the economy. These research findings provide policymakers with a dynamic microeconomic foundation within a macroeconomic framework, thereby enhancing the efficacy and precision of policies.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"84 ","pages":"Pages 646-662"},"PeriodicalIF":7.9,"publicationDate":"2024-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142241619","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 economy and industrial agglomeration 数字经济与产业集聚

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-06 DOI: 10.1016/j.eap.2024.09.006

Guohua Zeng, Mengmeng Wu, Xinxin Yuan

引用次数: 0

The effects of place-based information technology policy on digital finance development: Evidence from China 基于地方的信息技术政策对数字金融发展的影响：来自中国的证据

IF 7.9 2区经济学

Economic Analysis and Policy Pub Date : 2024-09-05 DOI: 10.1016/j.eap.2024.09.010

Hongshan Ai , Lin Xiang , Xiaoqing Tan , Haorui Yao , Li Han

引用次数: 0