Yuan Zhong , Huisu Lai , Liang Zhang , Lixiang Guo , Xiaobing Lai
{"title":"Does public data openness accelerate new quality productive forces? Evidence from China","authors":"Yuan Zhong , Huisu Lai , Liang Zhang , Lixiang Guo , Xiaobing Lai","doi":"10.1016/j.eap.2025.01.025","DOIUrl":"10.1016/j.eap.2025.01.025","url":null,"abstract":"<div><div>This study explores the impact of public data openness on Chinese listed companies' new quality productive forces. Based on text analysis and machine learning, the results show that public data openness significantly improves the new quality productive forces of enterprises. Through the channels of improving the quality of information disclosure, enhancing the quality of innovation, and improving the efficiency of the supply chain, the new quality productive forces of enterprises can be promoted to achieve a leap. In addition, intellectual property protection, science and technology financial expenditure, and digital transformation positively moderated the relationship between public data openness and new quality productive forces. The results have important implications for emerging market economies to enhance the new quality productive forces of enterprises through the opening of public data.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1409-1427"},"PeriodicalIF":7.9,"publicationDate":"2025-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143372459","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}
{"title":"Unleashing the empowered effect of data resource on inclusive green growth: Based on double machine learning","authors":"Zhehao Huang , Hao Dong , Zhaofei Liu , Khaldoon Albitar","doi":"10.1016/j.eap.2025.01.018","DOIUrl":"10.1016/j.eap.2025.01.018","url":null,"abstract":"<div><div>Inclusive green growth is considered an essential strategy for achieving economic high-quality development, requiring the empowered effect of data resource. We analyze whether data resources drive inclusive green growth using Double Machine Learning (DML) methods on a sample of 301 prefecture-level cities from 2000 to 2021. Our study examines the mediating roles of talent, technology, and capital and explores siphoning and spillover effects. We find that a 1 % increase in data resources correlates with a 2.4 % rise in inclusive green growth. Notably, effects vary by city size, location, and policy timing. Data resources mainly influence growth through talent rather than technology, with capital having a negative mediating effect. Overall, these empirical findings offer valuable policy insights for managers and policymakers, helping them to enhance the intermediary role of talent and capital and to incorporate the siphoning effect into governance strategies.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1270-1290"},"PeriodicalIF":7.9,"publicationDate":"2025-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132207","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}
{"title":"Entrepreneurial miracles in the low-carbon transition: Causal inference from China's low carbon city pilot","authors":"Zihan Yan , Lewei Liao","doi":"10.1016/j.eap.2025.01.022","DOIUrl":"10.1016/j.eap.2025.01.022","url":null,"abstract":"<div><div>The low-carbon transition entails a systemic transition involving resource allocation, investment strategies, and technological advancements. This green transformation may, on one hand, phase out high-emission enterprises, disrupting the original industrial structure, while on the other hand, it can foster cleaner production techniques, encouraging entrepreneurs to enter sustainable sectors and driving industrial upgrading. This study investigates the impact of such a transition on entrepreneurial activities, using China's Low Carbon City Pilot (LCCP) policy as a case study and analyzing city-level data on new startups from 2003 to 2019. The results indicate that LCCP significantly stimulates entrepreneurial activity in regulated cities, with entrepreneurial creation outweighing entrepreneurial loss. Notably, the effects of LCCP vary geographically: significant growth in entrepreneurial activity is observed in the southern, central, and eastern regions, while the northern and northeastern regions show no significant improvement and may even experience negative effects. Furthermore, LCCP's impact on entrepreneurial activity is more pronounced in cities with economic prosperity, concentrated human capital, high levels of openness to foreign investment, and a non-resource-based economy. The study also finds that LCCP catalyzes entrepreneurial activity by driving green financial development and green technological innovation. Finally, government interventions such as supporting green industries, strengthening regulatory measures, prioritizing innovation activities, and protecting intellectual property demonstrate a positive moderating effect. This study contributes new empirical insights into the effect of institutional factors on entrepreneurial activities, offering valuable implications for the design of environmental policies amid the global shift toward a low-carbon future.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1374-1390"},"PeriodicalIF":7.9,"publicationDate":"2025-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132302","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}
{"title":"City size distribution and utility of living: Exploring intercity migration in Japanese urban systems","authors":"Masanobu Kii , Chun-Chen Chou , Tatsuhito Kono , Toshimori Otazawa","doi":"10.1016/j.eap.2025.01.021","DOIUrl":"10.1016/j.eap.2025.01.021","url":null,"abstract":"<div><div>City size has both positive and negative impacts on residents’ living utilities, owing to agglomeration and congestion effects. This study aimed to estimate residential welfare, considering migration, agglomeration, and congestion effects across 221 urban areas in Japan in the 2010s. Our findings showed the following: 1) migration from small cities to large cities worsened congestion in large cities and diminished agglomeration effects in small cities, leading to an overall decrease in residential welfare; 2) the reduction in agglomeration effects in small cities outweighed the negative effect of increased congestion in large cities, leading to a widening disparity in utility between large and small cities and potentially encouraging further migration to large cities; and 3) migration increased the income of landowners in large cities but decreased the utility of residents in both large and small cities. Findings 1) and 2) are novel insights identified through empirical analysis targeting Japanese cities. This is partly attributed to the relatively fewer land use regulations in Japanese cities compared with large cities in Europe and the United States, which have been the subjects of previous empirical studies. On the basis of these findings, the study discusses the legitimacy of policy interventions in peripheral developments from the perspective of improving residential welfare, for example, enhancing the attractiveness of industrial locations through infrastructure investments. These insights offer new perspectives for regional policy analysis.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1238-1257"},"PeriodicalIF":7.9,"publicationDate":"2025-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132206","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}
{"title":"Innovation incentives and corporate tax avoidance: Evidence from China","authors":"Junyi Xiang, Qi Shao, Yong Fan","doi":"10.1016/j.eap.2025.01.019","DOIUrl":"10.1016/j.eap.2025.01.019","url":null,"abstract":"<div><div>This paper examines the impact of an innovation incentive policy on corporate tax avoidance, utilizing China's R&D expenditure super deduction policy reform in 2016 as a natural experiment. Our findings reveal that the implementation of the super deduction policy significantly amplifies the book-tax gap of enterprises, indicative of an increased degree of tax avoidance. We also find that when enterprises are treated by innovation incentive policies, they will increase investment, and the magnitude of investment expenditure surpasses the preferential treatment enjoyed by enterprises, thereby impeding their cash flow. In circumstances where external financing is not easily alterable, tax avoidance becomes an internal financing option for enterprises. Further, we find that both widening policy coverage and enhancing policy benefits increase tax avoidance among firms, with enhancing benefits having a greater impact. In addition, this impact is more pronounced in firms with low cash holdings, small scale, non-state ownership, or high financial constraints.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1216-1237"},"PeriodicalIF":7.9,"publicationDate":"2025-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132208","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}
{"title":"How does the changing financing landscape towards debt from international private creditors affect economic growth in developing countries?","authors":"Abdoul’ Ganiou Mijiyawa","doi":"10.1016/j.eap.2025.01.020","DOIUrl":"10.1016/j.eap.2025.01.020","url":null,"abstract":"<div><div>This paper analyzes the effect of the share of public and publicly guaranteed (PPG) external debt owed to private creditors on economic growth in developing countries. A subject that is little studied in the literature despite a changing of developing countries’ financing landscape towards debt form international private creditors. Using panel data over 1970-2021 from 70 low -and middle-income countries, the paper finds an inverted U-shaped relationship between economic growth and the private share of PPG external debt. Specifically, the result suggests a threshold around 46 percent beyond which the marginal effect of the private share of PPG external debt on growth becomes negative. The result captures well the case of several developing countries, including Chad, Ghana, Sri Lanka, and Zambia which have been seeking treatment under the G20 Common Framework or a similar mechanism, due to high levels of public external debt, including a significant share from private sources. In addition, the result also highlights that about 21 other developing countries, including some emerging economies have exceeded the threshold beyond which a further increase in PPG external debt from private sources would generate slower economic growth rates. Thus, the urgent need for action to avoid debt trap in developing countries.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1318-1336"},"PeriodicalIF":7.9,"publicationDate":"2025-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132186","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}
{"title":"Do different decentralization reforms prohibit or inhibit Chinese corporate carbon emission intensities?","authors":"Zhiqiang Bian , Caibin Zhang","doi":"10.1016/j.eap.2025.01.024","DOIUrl":"10.1016/j.eap.2025.01.024","url":null,"abstract":"<div><div>Decentralization reforms have changed both the constraints and decision-making objectives of local governments, which may affect the carbon emission behaviors of enterprises within their jurisdictions. In this study, Chinese industrial enterprises from 2001 to 2010 were selected as the research sample, and two reforms of province-managing-county and county power expansion were used as quasi-natural experiments. The impact of different decentralization reforms on the carbon emission intensity of enterprises was analyzed using the difference-in-differences method. The empirical results show that fiscal decentralization can inhibit the carbon emission intensity of enterprises, and the reduction of enterprise energy consumption and the increase of green investment are the action channels. Administrative decentralization can promote the carbon emission intensity of enterprises; increasing enterprise energy consumption, decreasing energy utilization efficiency, expanding production scale, and decreasing green investment are the action channels. The results of heterogeneity analysis show that the impact of both types of decentralization reforms on the carbon emission intensity of different enterprises differs significantly; this is caused by differences in the ownership type, the emission intensive level, and the level of environmental regulation in the region they are located. The findings of this study help to better understand the relationship between government decentralization and corporate carbon emission behaviors.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1176-1196"},"PeriodicalIF":7.9,"publicationDate":"2025-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132210","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}
{"title":"How to reshape the international competitive advantage of Chinese manufacturing enterprises: A perspective of input servitization","authors":"Fenglan Chen , Shanshan Wang","doi":"10.1016/j.eap.2025.01.023","DOIUrl":"10.1016/j.eap.2025.01.023","url":null,"abstract":"<div><div>In recent years, manufacturing enterprises in developing countries, including China, have encountered challenges in the global division of labor and competitive strategies, highlighting the urgent need to reshape their international competitive advantages. While input servitization has emerged as a promising pathway, its impact on international competitiveness remains understudied in developing contexts. This study leverages global input-output data to measure Chinese manufacturing input servitization levels and investigates their influence on enterprises' international competitive advantages, measured through internationalization breadth and depth. The findings reveal that input servitization can significantly enhance both the breadth and depth of enterprises' internationalization by improving efficiency and product quality, particularly benefiting private-owned and growing-stage enterprises. Although financial constraints may moderate this effect, strong risk-taking ability, industrial chain linkages, and absorption capacities amplify the positive impact of input servitization on internationalization. Moreover, the study demonstrates that domestically sourced services effectively drive enterprises' internationalization, whereas services from developed countries yield benefits only for enterprises possessing robust absorption capacities. These findings advance the literature on servitization and international business by revealing the underlying mechanisms and boundary conditions through which input servitization shapes international competitive advantages, while offering practical implications for developing countries striving to enhance their global competitiveness.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1197-1215"},"PeriodicalIF":7.9,"publicationDate":"2025-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132209","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}
{"title":"Does Fintech improve the carbon reduction effect of green credit policy? Evidence from China","authors":"Jiayu Wan , Zihan Niu , Bin Li","doi":"10.1016/j.eap.2025.01.016","DOIUrl":"10.1016/j.eap.2025.01.016","url":null,"abstract":"<div><div>Technological advancements have driven financial innovation, improving market efficiency and demonstrating potential to enhance the effectiveness of green credit policies. Although extensive research has explored the impacts of green finance policies, few studies have investigated the role of Fintech in shaping these effects. This study employs panel data from Chinese-listed companies between 2007 and 2021 to analyze how Fintech reinforces the carbon reduction impact of green credit policies. Our findings reveal that Fintech significantly amplifies these outcomes by improving information quality in the pre-loan phase, easing funding constraints during the lending phase, and ensuring targeted environmental use of funds in the post-loan phase. Additionally, we identify conditions that optimize Fintech's effectiveness, such as firms’ political connections, the economic development levels of their regions, and the degree of marketization. These results underscore Fintech's potential in facilitating inclusive low-carbon transitions and provide valuable insights for enhancing green finance strategies.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1258-1269"},"PeriodicalIF":7.9,"publicationDate":"2025-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132304","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}
{"title":"How does the urban digital economy drive labor allocation in China?—A perspective of factor mobility between digital and non-digital enterprises","authors":"Xiaole Qiao , Yang He , Qiang Du","doi":"10.1016/j.eap.2025.01.017","DOIUrl":"10.1016/j.eap.2025.01.017","url":null,"abstract":"<div><div>Based on the perspective of labor factor mobility between digital and non-digital enterprises, this paper systematically explores the micro-mechanisms and impact of urban digital economy development on labor allocation. The results show that digital economic development significantly optimizes labor allocation between digital and non-digital enterprises within the same city and industry, but not across industries within the same city. This impact varies across regions and industries, with stronger effects in urban agglomerations, higher administrative-level cities, and capital-technology-intensive industries. The analysis of micro-mechanisms reveals that the urban digital economy drives the labor allocation through two key pathways: the employment \"creation-destruction\" effect and the labor productivity effect resulting from digital transformation. Additionally, the further analysis indicates that while the digital economy optimizes labor allocation between digital and non-digital enterprises, it decreases efficiency of labor allocation within non-digital enterprises. However, it does not significantly affect digital enterprises. This study contributes a comprehensive assessment of the labor allocation effects of the digital economy, providing empirical evidence and policy implications for leveraging labor allocation to release demographic dividends and promote Chinese-style modernization in the digital era.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1159-1175"},"PeriodicalIF":7.9,"publicationDate":"2025-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132022","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}