438 results
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2. The influence of financial market development on de jure central bank independence in the Asia–Pacific
- Author
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Chee-Hong, Law
- Published
- 2024
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3. How to improve fishery eco-efficiency by building marine ranch in China.
- Author
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Chen Yusheng, Ma Ye, Yang Weili, Sun Zhaofa, and Han Yang
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RANCHES ,FISHERIES ,PANEL analysis ,AQUACULTURE ,RECOMMENDER systems ,FISH mortality - Abstract
Based on the panel data of the province and municipality in 2010-2021, this paper measures the fishery eco-efficiency by using the SBM-DEA model and empirically analyses how China's marine ranch construction improves the fishery eco-efficiency by using the double-difference fixed-effect model. The results show that, firstly, China's marine ranch construction can improve the fishery eco-efficiency. Secondly, China's marine ranch construction promotes fisheries eco-efficiency by improving the input efficiency of labor, fish species, fishing vessel, fishery technology extension, aquaculture area and by reducing pollutant outputs. Thirdly, the fishery eco-efficiency of the marine ranch construction region has increased annually since 2015, and technological changes, scale efficiency changes and technical efficiency changes can all contribute to the fishery eco-efficiency improvement, and increase in order. Based on the results of the empirical analyses, this paper proposes policy recommendations to improve the fishery eco-efficiency in the conjunction with the construction of marine ranch in China. [ABSTRACT FROM AUTHOR]
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- 2024
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4. Research on the suitability and spatial and temporal evolution of innovation environment niche suitability of regional innovation ecosystem under digitalization.
- Author
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He, Zitong, Wang, Haijun, Ma, Xiaolin, Hu, Yuhan, Zhao, Huiyan, Xu, Wenzhe, and Gao, Ge
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SPATIOTEMPORAL processes ,REGIONAL development ,TIME perspective ,PANEL analysis ,DIGITIZATION - Abstract
Regional innovation ecosystems (RIEs) are a new paradigm in innovation research, and the development of RIEs under digitization is constrained by the development of innovation environments. The study of ecological niche suitability of regional innovation environment provides the basis for the government to create an innovation environment suitable for the development of a regional innovation ecosystem. This paper conducts an empirical analysis based on panel data from 29 provinces (autonomous regions) in China from 2012 to 2021. The paper analyzes the suitability of the ecological niche of the innovation environment as well as the spatio-temporal evolution pattern of the regional innovation ecosystem under digitalization in China. The results of the study show that: (1) The innovation environment of regional innovation ecosystems under digitization in China has become increasingly suitable during the sample period. (2) From the perspective of evolution in time, the suitability of the ecological niche of the regional innovation environment has always maintained an evolutionary trend of rolling forward in the echelon. (3) From the perspective of spatial evolution, the center line of the curve of the development level of the suitability of the regional innovation environment shows a rightward shifting evolution. [ABSTRACT FROM AUTHOR]
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- 2024
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5. The impact of rural e-commerce participation on farmers' entrepreneurial behavior: Evidence based on CFPS data in China.
- Author
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Lin, Haiying, Wu, Huayuan, Lin, Haihua, Zhu, Tianqi, Arshad, Muhammad Umer, Chen, Haonan, and Li, Wenlong
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STRUCTURAL equation modeling ,PANEL analysis ,INFRASTRUCTURE (Economics) ,ELECTRONIC commerce ,COMMUNICATION infrastructure ,PHOTOSYNTHETICALLY active radiation (PAR) ,AGRICULTURAL forecasts - Abstract
The "Three Rural Issues", encompass challenges related to agriculture, farmer, and rural area, which hold significant importance in driving comprehensive rural revitalization efforts in China. Farmer entrepreneurship, as a crucial means to enhance productivity, create job opportunities, and increase residents' income, has gradually become a key driving force in promoting rural revitalization in the new stage of development in China. With the rapid development of rural e-commerce, farmer entrepreneurship has encountered new opportunities. This study utilizes the 2020 China Family Panel Studies (CFPS) data and employs a structural equation model (SEM) to analyze the direct impact of rural e-commerce participation on farmer entrepreneurial behavior, considering factors such as human capital, social capital, and network infrastructure. This study further explores the indirect effects and mechanisms of e-commerce participation as a mediating variable and analyzes the impact and mechanisms on agricultural entrepreneurship behavior. The findings are as follows: (1) E-commerce participation significantly promotes farmer entrepreneurial behavior; (2) E-commerce participation as a mediating variable has a positive indirect effect on the relationship between social trust, network infrastructure, human capital, and farmer entrepreneurial behavior; (3) E-commerce participation has a significant positive influence on farmer entrepreneurship in the agricultural sector, and farmers with higher levels of network infrastructure and human capital have a higher probability of choosing agricultural entrepreneurship under the influence of e-commerce participation. Finally, this study provides policy recommendations in terms of infrastructure construction, entrepreneurial policy environment, and education level, aiming to optimize the situation of farmer entrepreneurship and contribute to the comprehensive promotion of rural revitalization.Overall, the research in this paper effectively combines theory and empirical evidence to outline the direct and indirect impact mechanisms of rural e-commerce participation on farmers' entrepreneurial behavior and agriculture-related entrepreneurial behavior and to test the effects of their impacts. First, most of the existing literature deals with farmers in individual sample areas, while the sample selected in this paper is farmers in the whole country, which is relatively more generalizable; second, most of the previous studies explore the level of e-commerce in the inter-provincial or county areas, while this paper expands the empirical study of rural e-commerce on the entrepreneurial behavior of farmers and the micro-period of agricultural entrepreneurial behavior, and focuses on the impacts of the e-commerce activities of farmers on their entrepreneurial behavior. [ABSTRACT FROM AUTHOR]
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- 2024
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6. Research on the Digital Economy’s Impact on China’s Economic Growth: Based on the Variations in Urbanization Levels Across China’s Eastern, Central, and Western Regions and Sectoral Heterogeneity.
- Author
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Qiu Jin and Yan Hong
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ECONOMIC development ,URBANIZATION ,PANEL analysis ,EMPIRICAL research - Abstract
This paper uses inter-provincial panel data from 2011 to 2017, a linear regression model, and a threshold model to conduct empirical analyses of the impact of the digital economy on China’s overall economic growth and the three main sectors of industry. The paper then investigates the impact and effects the digital economy has had on the economic growth of the three main sectors of industry in China’s eastern, central, and western regions. Finally, the paper investigates the most significant differences among the various regions and the threshold effects of urbanization levels on the relationship between the digital economy and economic growth. The findings indicate a significantly positive correlation between the digital economy and regional economic growth. Moreover, geographical factors notably influence this correlation. The digital economy exerts a positive effect on all sectors of industry. It may not substantially impact industrial development in regions with highly developed infrastructure. Regarding the other regions, the digital economy exhibits varying degrees of impact due to the differences in the specific indicators. The conclusion drawn by the threshold model is that the magnitude of the threshold effect correlates with geographic factors. No threshold effect was observed in the eastern region, while the threshold effect occurred in the central region when the urbanization levels for the provinces were below 0.6645. Similarly, the threshold effect was noted in the western region when the urbanization level was below 0.3931. Considering all of this, the study also offers policy recommendations that will help balance the regional development of digital economies, accelerate the digital transformation of traditional industries, enhance digital infrastructure construction, refine the formulation and implementation of data policy, and establish relevant incentive mechanisms. [ABSTRACT FROM AUTHOR]
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- 2024
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7. Rich alone or rich together: the impact of value proposition innovation on the product–place co-branding value.
- Author
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Zhu, Rong, Fu, Yaoyao, Wen, Ao, and Zhao, Jiaxin
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VALUE proposition ,CO-branding ,BUSINESS models ,CUSTOMER cocreation ,BRAND equity ,PANEL analysis ,MARKETING theory - Abstract
Purpose: This study aims to examine an emerging product–place co-branding marketing practice in China's rural areas. The role of this practice in inclusive development is analyzed from the perspectives of value proposition innovation, market legitimacy, media coverage and brand value. Both research and practice indicate value proposition innovation to exert an important influence on brand value enhancement, but little is known about the mediating and moderating mechanisms underlying this relation. Design/methodology/approach: A moderated mediation model is constructed to examine whether market legitimacy mediates the relationship between value proposition innovation and brand value. vWhether this mediating process is moderated by media coverage is also examined. The primary data are collected from semi-structured interviews and observations conducted with two common cases to develop proper scales for value proposition innovation and market legitimacy. The research includes 100 product–place co-brandings published by the Ministry of Agriculture and Rural Affairs in 2019. Hypotheses are tested using hierarchical regression and a Bootstrap model. Findings: Value proposition innovation has a positive effect on brand value, and market legitimacy partially mediates this relationship. Media coverage positively moderates the relationship between value proposition innovation and market legitimacy, and positively moderates the mediating effect of market legitimacy; the higher the media coverage, the stronger the mediating effect of market legitimacy. Research limitations/implications: Based on data availability and accessibility, the study sample focused on indicators from 100 brands in 2019. If the Ministry of Agriculture and Rural Affairs discloses consecutive annual information for other years, future studies could explore panel data to further test the study's conclusions from a longitudinal perspective. Originality/value: First, this paper adds to the emerging literature on product–place co-branding business models by examining the relationship between value proposition innovation and brand value. Second, this paper enriches institutional theory by including market legitimacy as a mediator between value proposition innovation and brand value. Third, this paper identifies the moderating role of media coverage, thus broadening the theoretical implications of institutional theory with respect to improving market legitimacy. [ABSTRACT FROM AUTHOR]
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- 2024
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8. Can urbanization improve carbon performance?
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Zhang Jianmin, Yang Yang, Huang Jingyuan, and Kao Xiaoxuan
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INDUSTRIAL energy consumption ,CARBON emissions ,CARBON offsetting ,CITIES & towns ,PANEL analysis ,ENERGY consumption - Abstract
Cities are the core carriers and key positions to achieve the dual carbon goals. It is of great significance to explore whether promoting urbanization can improve carbon emission performance, which is of great significance to comprehensively promote the goal of carbon neutrality. Based on the panel data from 2006 to 2021, this paper analyzes the spatial autocorrelation of carbon emission performance per unit space and the impact mechanism of urbanization process on it. The fixed-effect model was further used to identify the influencing factors of spatial carbon emission performance. The results show that: 1) China's carbon emission performance per unit space is declining year by year. 2) There is a strong positive spatial correlation and stable path dependence on the performance of carbon emissions per unit space in each region. 3) To a certain extent, increasing the level of urbanization will reduce the carbon emission performance per unit space. 4) The urbanization process has a spatial spillover effect on the carbon emission performance per unit space of surrounding provinces, and the spatial spillover effect of industrial structure and energy consumption structure is more obvious than that of economic level, population density and urbanization rate. Based on the conclusions, this paper puts forward specific policy suggestions to reduce the carbon emission performance per unit space to help the low-carbon development of cities. [ABSTRACT FROM AUTHOR]
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- 2024
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9. Will the miniaturization of household size promote household carbon emissions in China? Analysis based on CFPS data.
- Author
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Hongmei Shao, Meifeng Yu, Mengjie Xia, Dan Yu, and Fuyang Gao
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SUSTAINABLE consumption ,CARBON emissions ,PANEL analysis ,CONSUMPTION (Economics) ,CONSCIOUSNESS raising - Abstract
As the proportion of household carbon emissions to global carbon emissions continues to increase, reducing carbon emissions from household consumption has become an important way to achieve the goals of carbon peaking and carbon neutrality. How the trend of miniaturization of household size will affect household carbon emissions is a matter of concern. This paper uses a sample of 9,090 households from the China Family Panel Studies (CFPS) database in 2018 to empirically study the impact of changes in household size on household carbon emissions, from the perspective of household consumption structure and urban-rural areas. The research results indicate that the miniaturization of household size will increase household carbon emissions, the impact of household size on indirect HCEs is greater than on direct HCEs. The impact of household size on indirect HCEs is heterogeneous in consumption structure and the impact of household size on indirect HCEs from housing, transportation is greater than that of other consumption items. The impact of household size on urban household carbon emissions is greater than that in rural areas. The upgrading of household consumption structure and the miniaturization of household size promote the increase of HCEs jointly. Therefore, this paper proposes that under the trend of household miniaturization, energy-saving and emission reduction policies should focus on reducing indirect households carbon emissions, optimizing household structure and household consumption structure, enhancing environmental awareness among family members, establishing and improving the green consumption system, and building environment-friendly households. [ABSTRACT FROM AUTHOR]
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- 2024
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10. Evaluation on sustainable development of 11 regions in Hebei province.
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Xu, Zhicun, Xie, Naiming, and Wu, Lifeng
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SUSTAINABLE development ,SUSTAINABILITY ,CAPACITY building ,PANEL analysis ,URBAN growth - Abstract
Continuous enhancement of sustainable development capacity is one of the goals of building a well-off society. In order to understand the development of each region, it is necessary to make a comprehensive evaluation of their sustainable development capacity. This paper presents a study of the 11 regions of Hebei Province, China. Considering the influence of time on urban development, this paper comprehensively evaluates the sustainable development ability of each region in Hebei Province from three dimensions of society, economy and environment based on panel data. The evaluation results show that Shijiazhuang has the strongest sustainable development capacity. On this basis, the promoting factors and restricting factors of sustainable development in each region are found by using grey correlation analysis method. This study provides a reference for the future sustainable development of each district. [ABSTRACT FROM AUTHOR]
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- 2024
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11. Do Factor Misallocations Affect Food Security? Evidence from China.
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Jiang, Tuanbiao, Zhong, Min, Gao, Anrong, and Ma, Guoqun
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FOOD security ,FACTORS of production ,AGRICULTURAL development ,INFRASTRUCTURE (Economics) ,PANEL analysis - Abstract
The reasonable allocation of grain production factors is of vital importance to food security and agricultural development. To assess the impact of agricultural factor misallocation on food security, this paper, based on the panel data from China spanning from 2005 to 2019, conducted a comprehensive evaluation of agricultural factor misallocation and food security coefficients across 31 provinces in China, using a spatial Durbin model to examine the effects of factor misallocations on food security. The findings are as follows: (1) Production factor misallocation has significant negative impacts on food security, among them, capital misallocation and labor misallocation inhibiting food security in the local and neighboring areas, and land misallocation has a significant negative impact on food security in local areas, while its spatial spillover effect is no longer significant. (2) Mechanism analysis shows that capital misallocation and labor misallocation hinder the development of transportation infrastructure and the transfer of rural labor, thereby reducing food security. Land misallocation has accelerated the construction of transportation infrastructure, promoted the migration of rural labor, and helped ensure food security. (3) The regional heterogeneity test reveals that capital misallocation and labor misallocation hinder food security in major grain-producing areas and both sides of the Hu Huanyong Line (Hu Line). Meanwhile, land misallocation hinders food security development in various grain-producing areas, as well as the southeast of the Hu Line. Based on the above conclusions, this paper proposes suggestions to improve the efficiency of land and labor resource allocation, accelerate the construction of transportation infrastructure, and encourage the transfer speed of surplus agricultural labor. [ABSTRACT FROM AUTHOR]
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- 2024
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12. AGRICULTURE AND GREENHOUSE GAS EMISSION - RESULTS OF ECONOMETRIC ANALYSIS.
- Author
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Krstić, Miloš
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GREENHOUSE gases ,SUSTAINABLE agriculture ,PANEL analysis ,AGRICULTURAL productivity ,GLOBAL warming - Abstract
Agriculture represents the "cause" and the "victim" of climate change. Almost 30 percent of greenhouse gas emissions come from the agricultural sector. They contribute to global warming and therefore significantly affect the sustainability of agricultural production systems. The aim of the paper is to determine which factors have the greatest influence on the greenhouse gas emission from agriculture. For this purpose, a dynamic panel analysis for 26 members of the European Union in the period from 2013 to 2021 in the paper is conducted. The results of the analysis suggest that the capacity for biofuel production, organic agricultural production and greenhouse gas emissions from the previous period have the greatest impact on the same emissions from agriculture. The results of this research can serve policy makers in formulating strategies for the development of food systems that will pollute the environment to a lesser extent and use available resources more rationally. [ABSTRACT FROM AUTHOR]
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- 2024
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13. Gender differences in sleep behaviors under China's universal two-child policy.
- Author
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Fang, Yuan and Huang, Shih-Ting
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SLEEP ,WELL-being ,NAPS (Sleep) ,PANEL analysis ,WORK environment ,CHILDBIRTH ,PREGNANCY - Abstract
Since 2016, China has progressively relaxed family planning policies to stimulate birth rates. This paper examines the behavioral health repercussions of China's 2016 universal two-child policy (UTCP) by analyzing sleep pattern data from China Family Panel Studies. Napping is a composite indicator that denotes health outcomes, job quality, and personal well-being. It reveals work conditions and environments to some extent. UTCP may lead to heightened social expectations regarding pregnancy likelihood, and changes in social expectations within the workplace may make work environments less equitable and more stressful for females. Leveraging a difference-in-difference model, this paper explores how napping behaviors among the working-age cohort have responded to the policy shifts. Our analysis reveals a gender discrepancy in response to the policy, specifically, females exhibit a discernible reduction in the likelihood of napping, as well as in the duration of both daytime naps and daily sleep. Conversely, such effects are not significant among males. These results suggest policy consequences extend beyond individuals directly impacted by childbirth or contemplating parenthood. Hence, while promoting fertility is still the government's goal, policymakers are encouraged to consider the broader challenges the female population faces from social and workplace environment factors. [ABSTRACT FROM AUTHOR]
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- 2024
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14. All paths to the same end?--a comparative study on carbon emissions reduction effects of digital finance and green finance.
- Author
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Shasha Jiang and Li Wang
- Subjects
CARBON emissions ,GREENHOUSE gas mitigation ,HIGH technology industries ,GREEN technology ,TECHNOLOGICAL innovations ,CARBON nanofibers ,PANEL analysis - Abstract
The massive CO2 emission has caused frequent occurrence of climate problems, and a typical response to climate change has reached international consensus. Digital finance and green finance, as a subversion of the traditional financial model, have become significant drivers of global carbon emissions reduction efforts. Based on the panel data, this paper profoundly compares the effects of carbon emissions reduction, mechanisms, and heterogeneous results of two forms of finance. Research finds that technology-centered digital finance focuses on suppressing carbon emissions through technological innovation, and the higher the level of regional economic is, the stronger the role of digital finance in suppressing carbon emissions through technological innovation. The concept-centered green finance focuses on carbon emissions reduction through industrial ecologization, and government-led environmental regulation plays a positive regulatory role. Although the paths of affecting carbon emissions are different, there is a natural fit between the two in terms of the essential goal of carbon emissions reduction. Based on the consideration of the differences in geographic location and financial development level, the carbon emission reduction effects of two forms of finance show apparent heterogeneity. Based on the spatial characteristics of digital finance and carbon emissions, this paper further finds that the digital finance's carbon emission reduction effects have apparent spatial spillovers. These findings provide an essential direction to formulate a reasonable carbon emissions reduction plan and accelerate realizing the "double carbon" goal. [ABSTRACT FROM AUTHOR]
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- 2024
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15. Vulnerability assessment in economy-society environment of the Belt and Road Initiative countries.
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Chen, Yuxin, Liu, Bing, and Zhang, Fan
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BELT & Road Initiative ,ROAD construction ,SPATIAL variation ,PANEL analysis ,ECONOMIC structure - Abstract
Assessing the vulnerability of the economy, society, and environment of the belt and road initiative (BRI) countries and identifying the distribution characteristics are significant to promoting the construction of the Belt and Road. Based on the panel data of the BRI countries, this study selects 22 indicators from three aspects of the economy, society, and environment to construct a comprehensive indicator evaluation system and propose a multi-index and long time series vulnerability calculation scheme. Furthermore, the spatial differentiation characteristics and influencing factors of vulnerability in BRI countries are studied. The results show hierarchical differences in the comprehensive vulnerability index of BRI countries, and the low-vulnerability countries accounted for the largest proportion. The economic vulnerability, social vulnerability, and environmental vulnerability of the BRI countries all have apparent spatial variations. Among them, the vulnerability of various systems in Central and Eastern Europe and Northeast Asia is relatively low, while most of West Asia, northern South Asia, southern Central Asia, and some parts of Southeast Asia have relatively high vulnerability. In addition, economic development, economic structure, resource security, and infrastructure are all factors that have a greater impact on the comprehensive vulnerability, while the impact intensity varies with regional differences. Finally, this paper puts forward appropriate suggestions. With the goal of reducing the comprehensive vulnerability, this paper tries to provide a reference for better promoting the sustainable development of the BRI. [ABSTRACT FROM AUTHOR]
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- 2024
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16. GLOBALIZATION IN THE BANKING SECTOR OF THE WESTERN BALKANS: A PANEL DATA REVIEW.
- Author
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Spaho, Mateo and Mani, Aelita
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BANKING industry ,GLOBALIZATION ,INTERNATIONAL banking industry ,TRANSNATIONALISM ,LOANS ,ECONOMIC globalization ,INVESTMENTS ,PANEL analysis - Abstract
Copyright of Environmental & Social Management Journal / Revista de Gestão Social e Ambiental is the property of Environmental & Social Management Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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17. Spatio-temporal coordinated development pattern evolution and driving factors of regional population and green economy: Evidence from Shandong Province in China.
- Author
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Guo, Siliang and Diao, Yanhua
- Subjects
PROBABILITY density function ,SUSTAINABLE development ,REGIONAL development ,SPATIOTEMPORAL processes ,PANEL analysis ,FIXED effects model - Abstract
The study of spatio-temporal evolution characteristics and factors affecting the coordinated development of population and green economy (CD_PGE) in Shandong province, China, has significant decision-making implications for promoting high-quality and sustainable regional development. Based on 2001 to 2020 panel data for each city and economic zone in Shandong province, this paper constructs an evaluation model for the CD_PGE systems. Using growth elasticity models, geographic concentration models, kernel density estimation models, spatial autocorrelation, analysis of population and regional green economy development in Shandong Province from the perspective of spatial agglomeration coupling, spatial and temporal coupling coordination patterns, and evolutionary characteristics. In addition, we use the fixed effect models and panel quantile models to empirically test the effects of coordinated demographic and green economy development. The results show that: (1) In terms of demo-graphic and economic development characteristics, Shandong's demographic and green economy development trends are good, but there are still many challenges. (2) According to the time series evolution and spatial distribution characteristics, the degree of CD_PGE in Shandong Province is on the rise, and the level of spatial distribution is distinct. (3) From the spatio-temporal dynamical grid evolution of the degree of CD_PGE, the CD_PGE is characterized by significant spatial clustering, but with large regional differences. (4) From an impact factor perspective, both market mechanisms and government intervention have a significant impact on the degree of CD_PGE, but the direction and extent of the impact vary. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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18. Digital economy, resource distortion and low-carbon inclusive development-Evidence from the perspectives of a threshold effect and knowledge spillover effect.
- Author
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Yang, Guoge, Deng, Feng, Wang, Fengyi, Mao, Zhenyu, Wu, Xingsheng, and Zhang, Fengyu
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HIGH technology industries ,REGIONAL development ,LEAST squares ,CARBON emissions ,PANEL analysis - Abstract
The low-carbon economy represents a global transformation that encompasses production methods, lifestyles, values, national interests, and the destiny of humanity. As a significant contributor to carbon emissions, China has made a momentous strategic decision on carbon peaking and neutralization, infusing momentum into the global effort to address climate change. The rapid growth of the digital economy offers a fresh approach to achieving the "double carbon" objective and advancing the development of low-carbon transformation. Based on the panel data of 30 provinces in China, this paper uses the least square method to investigate the impact of digital economy development on regional low-carbon inclusive development. It is found that there is a significant inverted U shape in the impact of the digital economy on low-carbon inclusive development and the mechanism is resource allocation and ecological inequality. The threshold test found that the role of the digital economy in promoting low-carbon inclusive development shows a marginal decreasing trend. The inverted U-shaped impact of the digital economy on low-carbon inclusive development in the eastern and coastal areas and areas with a low level of factor productivity is more significant. Based on the knowledge factor spillover perspective, we found that the impact of the digital economy on low-carbon inclusive development has a spatial spillover effect, and this effect is more obvious under the role of R&D personnel mobility. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
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19. Study on the Spatial Effects of Grain Change on Food Security of Feed from the Perspective of Big Food.
- Author
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Chen, Qiang, Yu, Zhiming, Deng, Hua, and Wu, Haitao
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PILOT plants ,PRICE fluctuations ,PANEL analysis ,ECONOMIC impact ,FOOD security - Abstract
Using panel data from 30 provinces in China from 2005 to 2020, this paper uses a spatial double difference model to evaluate the policy impact of the "grain-to-feed" policy on feed grain production in pilot areas and adjacent spatial areas. Research has found that the "grain-to-feed" policy has a significant impact on the feed grain production in pilot areas and can significantly increase the feed grain production in pilot areas by about 2.71 million tons. The "grain-to-feed" policy has strengthened the positive connection between pilot areas and adjacent pilot areas, increased feed grain production, and has a significant spatial spillover effect. Robustness analysis shows that whether using different methods to measure spatial adjacency or using different standards to distribute subsidies, the "grain-to-feed" policy can significantly increase feed grain production, narrow the supply and demand gap of feed grain, and ensure feed grain security. Further analysis shows that the "grain-to-feed" policy can not only ensure the security of feed grain for the current and next periods but also promote the increase in farmers' income, which is long-term and sustainable. Compared with non-pilot areas, the "grain-to-feed" policy can mitigate the negative impact of wage–price signals on feed grain production in pilot areas. It is recommended that government departments accelerate the transformation of food security concepts, establish a "Big Food Perspective", gradually promote the pilot of the "grain-to-feed" policy nationwide, increase the subsidy amount of the "grain-to-feed" policy, increase financial support for scientific and technological research and achievement transformation in the field of feed grain, prevent the impact of economic price signal fluctuations on feed grain production, and effectively ensure the security of feed grain in China. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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20. On the alignment of competitive strategies for successful acquisitions: a two-decade longitudinal analysis.
- Author
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López-Manuel, Lucas, Sartal, Antonio, and Vázquez, Xosé H.
- Subjects
MERGERS & acquisitions ,FINANCIAL databases ,ORGANIZATIONAL performance ,PANEL analysis ,MANUFACTURING industries - Abstract
Purpose: Most studies explore the success of mergers and acquisitions through ex ante analyses based on the compatibility of resources and capabilities between the acquirer and target. As more than half of them fail, there seems to be room for enhancing our understanding of when and how acquisitions can actually improve firms' competitiveness. Diverging from these conventional approaches, the authors posit that attention should be at the strategic level. The purpose of this paper, therefore, is to explore the existence of compatibility between acquirers' and targets' competitive strategies and its effect on post-acquisition business performance. Design/methodology/approach: Through the Thomson Reuters Eikon financial and acquisition databases, the authors built a unique data panel of 174 acquirer–target matched acquisitions in the manufacturing sector from 24 different countries between 2000 and 2020. The authors used a two-step System-GMM approach to address the hypotheses proposed in this paper. This methodology allowed to isolate and easily compare the differential effects of each possible combination of strategic similarity and dissimilarity between the target and acquiring company on the latter's post-acquisition strategies. Findings: The need to unravel the motives behind successful acquisitions has gained enormous interest in recent years among academics and managers to improve – or maintain – firm competitiveness. Through a panel data of 174 acquisitions among manufacturing firms (2000–2020), this study shows that differentiated firms improve their business performance by acquiring firms with similar strategies; nevertheless, their performance worsens if the acquired firm follows a cost-leadership strategy. Concerning acquirers with a cost-leadership strategy, the lack of clear behavioral patterns suggests that the lower knowledge absorption capacity associated with these firms might be a decisive factor in being able to assimilate and efficiently exploit the acquired firm's knowledge. Originality/value: Overall, this approach offers a new and valuable perspective for practitioners because it improves understanding of the possible causes of merger failure and opens new attentions to consider in maximizing success and long-term competitiveness. The results of this study bring, thus, an unexpected result to this research: the importance of the acquirer's strategy beyond the similarity or dissimilarity of the strategies of the acquirer and the acquired company. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
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21. Nonlinear spatial impacts of the digital economy on urban ecological welfare performance: evidence from China.
- Author
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Wang, Sen, Li, Jinye, Hu, Feng, Zhu, Jianhua, and Lyu, Yanwei
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HIGH technology industries ,DIGITAL technology ,TECHNOLOGICAL innovations ,CITIES & towns ,PANEL analysis ,URBAN renewal - Abstract
Introduction: With the rapid development of digital technology and its deep integration with environmental and ecological fields, the digital economy has become an effective way to guide the transition of cities to an eco-friendly model. However, empirical studies on the nonlinear spatial effects between digital economy and ecological welfare performance are still insufficient. Methods: Based on the panel data of 270 prefecture-level cities in China from 2011 to 2020, this paper empirically examines the impact of the digital economy on the ecological welfare performance of cities and its mechanism of action using spatial econometric modeling. Results: The promotion effect of digital economy development on the ecological welfare performance of cities is characterized by the "J" shape of increasing marginal effect, and the spatial spillover effect on the ecological welfare performance of neighboring cities is the inverted "U" shape of inhibiting first and then promoting later. The mechanism test shows that the development of digital economy can enhance the ecological welfare performance of cities through the marginal incremental promotion of green technological innovation in local and neighboring cities and has a positive spatial spillover effect. The development of digital economy can have a direct U shape effect on local ecological welfare performance by influencing factor allocation efficiency and energy utilization efficiency. It also has an inverted U-shaped spatial spillover effect. Environmental regulation has an inverted U-shaped moderating effect on the local eco-welfare performance affected by the digital economy. As the level of rural revitalization increases, it produces a U-shaped moderating effect of inhibiting. Heterogeneity analysis reveals that digital economy development has a more significant facilitating effect and a positive spatial spillover effect on the ecological welfare performance of cities in central China. Discussion: This paper will provide a reference for the synergistic optimization of digital economy development and ecological welfare performance among regions. The findings of the study will promote the development of digital economy and accelerate the realization of the goal of "Beautiful China". [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
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22. A firm-level analysis of Chinese commercial health insurance surrender.
- Author
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Tian, Ling and Dong, Haisong
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BUSINESS insurance ,HEALTH insurance ,HEALTH insurance rates ,CAPITAL appreciation ,PANEL analysis - Abstract
Based on the unbalanced panel data of Chinese professional health insurance companies from 2011 to 2021, the paper constructs "PW+PCSE" model to empirically investigate the main factors affecting the commercial health insurance surrender in China from the company level. The results show that asset-liability ratio has a significant positive effect on health insurance surrender rate. The value preservation and appreciation rate of capital and R&D expenditure rate both have significant negative effects on health insurance surrender rate. These studies bring important enlightenment for domestic health insurance companies to avoid surrender risk. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
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23. The impact of the digital economy on creative industries development: Empirical evidence based on the China.
- Author
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Zhao, Xiaodi, Shen, Lei, and Jiang, Zhengyun
- Subjects
HIGH technology industries ,CULTURAL industries ,EMERGING industries ,PANEL analysis ,ECONOMETRIC models - Abstract
Digital economy has become a "new engine" that driving global economic growth. Nevertheless, numerous controversies persist regarding whether and how digital economy can facilitate the development of emerging industries. Thus, this paper investigates how digital economy affects creative industries development in China and whether innovation efficiency mediates this relationship. Drawing upon a panel data set containing 29 Chinese provinces from 2012 to 2019, an econometric model is constructed for empirical analysis. We find that digital economy significantly promotes creative industries development, and innovation efficiency plays a partial mediating role between digital economy and creative industries development. According to the influence mechanism, the digital economy of various regions could promote the creative industries development by improving the innovation efficiency. Finally, relevant suggestions were put forward from the expanding application paths, improving regional innovation efficiency, and creating an innovative environment. [ABSTRACT FROM AUTHOR]
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- 2024
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24. IGA-SOMK + + : a new clustering method for constructing web user profiles of older adults in China.
- Author
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Li, Yue, Liu, Chengqi, Hu, Xinyue, Qi, Jianfang, and Chen, Gong
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OLDER people ,SELF-organizing maps ,INTERNET users ,PANEL analysis ,FEATURE selection - Abstract
Mining user data and constructing web user profiles of older adults from the perspective of elderly services is conducive to understanding their behavioral habits, needs, and usage preferences on the web, which provides more targeted elderly care services. In this paper, IGA-SOMK + + , which is a novel clustering method for constructing web user profiles of older adults, is proposed based on the China Family Panel Studies (CFPS) survey data, which include 6596 older adults aged greater than 60 years. The selected data aspects include basic information, work situation, health situation, living habits, and web use services. To describe the web user profiles of older adults, a hybrid method based on improved genetic algorithm (IGA) feature selection, self-organizing feature maps (SOM), and K-means + + is proposed. Data on older adults' web use behaviors are first processed, and IGA is used for feature selection based on the adaptive crossover and mutation probabilities. SOM is then used to determine the initial center vectors of K-means + + for further clustering, which is referred to as SOMK + + (SOM-K-means + +). The results of IGA-SOMK + + are compared with those of the state-of-the-art methods, including the K-means, mini batch K-means, Agnes, K-modes, FCM, K-means + + , SOMK + + , and IHPSO-KM. In addition, the significance and robustness of IGA-SOMK + + are analyzed. The experimental results show that the IGA feature selection reduces the influence of the redundant feature factors and improves the performance of the clustering algorithm. SOMK + + overcomes the sensitivity of K-means to initial cluster centers. Moreover, IGA-SOMK + + has the best clustering effect among the compared algorithms in terms of silhouette coefficient (SC), calinski-harabaz (CH) index, and davies-bouldin (DB) metrics. For example, it increases the SC from 0.280 to 0.629. Finally, by analyzing the results, the user group of older adults is segmented to perform the deep mining of CFPS data, which verifies the feasibility of the user profile model. This paper summarizes the basic situation of the current web access of older adults in China in terms of web use services, as well as the importance of the web in their lives and in the information channels. It also provides suggestions for the current problems of older adults in accessing the web. [ABSTRACT FROM AUTHOR]
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- 2024
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25. A study on altruistic consumption of Chinese residents from the perspective of intergenerational income mobility.
- Author
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Shao, Yingying
- Subjects
INTERGENERATIONAL mobility ,ELASTICITY (Economics) ,PANEL analysis ,RESIDENTS ,CITY dwellers - Abstract
Resident consumption is an important link to smooth the domestic circulation and promote the economy to achieve high-quality development. To stimulate the vitality of residents' consumption and achieve the expansion and quality of consumption, we should not only focus on the scale and willingness of residents to consume, but also consider the motivation of consumption. The paper analyzes the impact of intergenerational income mobility on residents' marginal propensity to consume and consumption altruism motive by expanding the Over Lapping Generation Models and combining the China Family Panel Studies (CFPS) data. The results of the study show: Intergenerational Income Elasticity has a significant positive effect on residents' marginal propensity to consume. When Intergenerational Income Elasticity increases, the "altruistic motive" of residents' consumption will also increase significantly. Compared with rural residents, Intergenerational Income Elasticity has a stronger positive effect on urban residents' marginal propensity to consume and marginal propensity to consume education. With the effect of intergenerational factors, urban residents' consumption shows stronger altruistic motives. [ABSTRACT FROM AUTHOR]
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- 2024
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26. Does digital technology make people healthier: the impact of digital use on the lifestyle of Chinese older adults.
- Author
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Cui, Kaichang, Zou, Wei, Ji, Xiang, and Zhang, Xinghui
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OLDER people ,DIGITAL technology ,STRUCTURAL equation modeling ,PANEL analysis ,WORD frequency - Abstract
Background: With the arrival of the era of large-scale production, sharing and application of data, digital use has gradually changed people's daily entertainment, consumption, social interaction, learning and other behaviors in its efficient form. This paper mainly discusses whether this fast and convenient behavior leads Chinese older adults to adopt healthier lifestyles. Methods: Using the most recent information from the Chinese Family Panel Studies (CFPS) in 2020, this paper conducted a descriptive statistical analysis on the basic situation of digital use and lifestyles among Chinese older adults and used a structural equation model to analyse the influence of frequency and types of digital use in a variety of different aspects of the real life of Chinese older adults. Results: Research revealed that the quality of life of Chinese older adults improved significantly as a result of their use of digital technology. The frequency of digital use (FDU) significantly improved Chinese older adults' diet, sleep, exercise, smoking and drinking, and relieved their depression. The types of digital use (TDU) had a significant positive correlation with the lifestyle of Chinese older adults, especially in the influence of digital entertainment (DE), digital consumption (DC) and digital social interaction (DI) on the lifestyle of Chinese older adults. Conclusions: Digital use can improve the health of Chinese older adults by promoting a healthy lifestyle through various means. The findings of this study have a substantial positive impact on bridging the digital divide that Chinese older adults face, as well as fostering the integration of digital use into their healthy lifestyles. [ABSTRACT FROM AUTHOR]
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- 2024
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27. Can the digital economy promote the development of the energy economy? Evidence from China.
- Author
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Jiang, Lili, Niu, Huawei, Ru, Yufan, Tong, Aihua, Wang, Yifeng, Li, Yuanyuan, and Sun, Huaping
- Subjects
HIGH technology industries ,ENERGY development ,ENERGY consumption ,ECONOMIC conditions in China ,COMMODITY futures ,WALL panels ,PANEL analysis - Abstract
In this paper, 22 indexes are selected at three levels, including the informatization development level, the Internet development level, and the digital transaction development level, based on China's provincial panel data from 2011 to 2020, so as to build a digital economy development index system. Moreover, 28 basic indexes are selected from three aspects, including energy construction, energy production and energy consumption, so as to develop an energy economy development evaluation index system. The development index of China's digital economy and energy economy are measured by using the entropy weight method. The effect of the digital economy on the energy economy and its mechanism are tested by the static panel, the dynamic panel, and the mediating effect and regulating effect models. The results indicate that the digital economy has pronouncedly promoted the development of China's energy economy, and the development of the digital economy can have an effect on the rationalization of the industrial structure and then affect the development of the energy economy, and there is an intermediary effect. Moreover, the upgrading of the industrial structure is conducive to regulating the digital economy and facilitates the development of the energy economy. The development of the energy economy can be better promoted by focusing on the coordinated regional layout of the digital economy development, building a reliable energy commodity trading platform, and expediting the optimization and upgrading of the industrial structure. [ABSTRACT FROM AUTHOR]
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- 2024
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28. DETERMINANTS OF INCOME INEQUALITY IN THE SELECTED GROUP OF EUROPEAN COUNTRIES: A PANEL DATA ANALYSIS.
- Author
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Boršič, Darja
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INCOME inequality ,PANEL analysis ,FIXED effects model ,RANDOM effects model ,LITERATURE reviews - Abstract
Copyright of Proceedings of the Faculty of Economics in East Sarajevo / Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu is the property of University of East Sarajevo and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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29. A decade of maize yield gap studies in sub-Saharan Africa: how are farm-level factors considered?
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Hall, Ola, Wahab, Ibrahim, Dahlin, Sigrun, Hillbur, Per, Jirström, Magnus, and Öborn, Ingrid
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CORN ,CROP management ,SOCIOECONOMIC factors ,YIELD strength (Engineering) ,PANEL analysis ,FIELD research ,PRECISION farming - Abstract
The study of yield gaps has become more complex, prompting the use of varied approaches to measure yields and a wider range of factors to explain these gaps. In the Global North, the focus is on precision farming, whereas in sub-Saharan Africa (SSA), a broader perspective is necessary due to pronounced variability in farmland conditions. While biogeophysical and management factors have been traditional focal points in yield gap analyses, socio-economic and institutional factors are increasingly recognized as significant, especially in SSA. This review synthesizes research from the past decade in SSA that integrates biogeophysical, management, farm characteristics, and institutional factors in yield gap discussions. The findings indicate a slow shift in including socio-economic factors, with management, particularly nutrient supply and crop management, remaining predominant. However, there is a growing trend towards methodological diversity, such as the adoption of remote sensing and GIS in recent years. Case studies from Kenya and Ghana, utilizing field surveys, interviews, panel data, and spatial analysis, highlight how a multifaceted approach can enhance our understanding of the various elements influencing maize yield gaps in SSA. [ABSTRACT FROM AUTHOR]
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- 2024
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30. Policies and tools for climate change policy implementation: a panel data analysis at industrial and commercial level.
- Author
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Huru, Dragoş, Frăţilă (Adam), Alexandra, Gavril (Moldovan), Ioana Andrada, Iacob, Silvia Elena, and Raluca Lădaru, Georgiana
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GOVERNMENT policy on climate change ,GREENHOUSE gases ,PANEL analysis ,PURCHASING power parity ,DATA analysis ,CLIMATE change - Abstract
Climate change is a very debated topic among academia, national and international institutions. Therefore, policies and tools for diminishing pollutant emissions are in place in a number of countries. Among them, taxation and renewable energy use seem to be among the most important. This paper aims at testing the impact of certain tools for climate change policy implementation, such as environmental taxes, renewable energy use, real productivity, employment rate taking into consideration the level of economic development and the GINI coefficient, on the greenhouse gas emissions in two important sectors of the economy: industry and commerce. Panel data analysis is used for a cluster of nine developing countries of the European Union that have the per capita GDP at purchasing power parity lower than 80% of the EU average, during 2008-2021. Similar to other studies, the results show a negative relationship between environmental taxation and greenhouse gas emissions in the industrial sector, and a positive one in the commercial sector. The latter is explained by the fact that transport, which is a main pollutant sector, is also one of the most difficult sectors to achieve green transition, given high associated costs. The analysis also shows that renewable energy use discourages the emissions of greenhouse gases, both in the industrial and commercial sectors, so that fostering investment in renewables is an important factor for addressing climate change and promoting a sustainable growth. [ABSTRACT FROM AUTHOR]
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- 2024
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31. Fiscal decentralization and gender equality: empirical evidence across countries.
- Author
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ZAMAN, MUSTAFA RAFAT
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DECENTRALIZATION in government ,GENDER inequality ,SUBNATIONAL governments ,FEDERAL government ,PANEL analysis - Abstract
Globally, over the last few decades, countries have become increasingly decentralized but only recently did they recognize the need for incorporating a gender dimension into such policies. As a result, the relationship between fiscal decentralization, which implies delegating fiscal powers from national to subnational governments, and gender equality remains elusive. In this paper, I study the impact of expenditure decentralization on gender equality using panel data from the Organisation for Economic Co-operation and Development -- OECD countries between 2006 and 2021. I find that decentralization of expenditure increases gender equality in these countries. My results also demonstrate that unionization, the extent of a country's integration with the rest of the world, urbanization, population growth, and the state of democracy also matter for gender equality. This suggests that these factors should also accompany expenditure decentralization if the governments of these countries want to further promote gender equality through such public policies. [ABSTRACT FROM AUTHOR]
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- 2024
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32. A Pretest Estimator for the Two-Way Error Component Model.
- Author
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Baltagi, Badi H., Bresson, Georges, and Etienne, Jean-Michel
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PANEL analysis ,NULL hypothesis ,REGRESSION analysis - Abstract
For a panel data linear regression model with both individual and time effects, empirical studies select the two-way random-effects (TWRE) estimator if the Hausman test based on the contrast between the two-way fixed-effects (TWFE) estimator and the TWRE estimator is not rejected. Alternatively, they select the TWFE estimator in cases where this Hausman test rejects the null hypothesis. Not all the regressors may be correlated with these individual and time effects. The one-way Hausman-Taylor model has been generalized to the two-way error component model and allow some but not all regressors to be correlated with these individual and time effects. This paper proposes a pretest estimator for this two-way error component panel data regression model based on two Hausman tests. The first Hausman test is based upon the contrast between the TWFE and the TWRE estimators. The second Hausman test is based on the contrast between the two-way Hausman and Taylor (TWHT) estimator and the TWFE estimator. The Monte Carlo results show that this pretest estimator is always second best in MSE performance compared to the efficient estimator, whether the model is random-effects, fixed-effects or Hausman and Taylor. This paper generalizes the one-way pretest estimator to the two-way error component model. [ABSTRACT FROM AUTHOR]
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- 2024
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33. Do Internal Corporate Governance Practices Influence Stock Price Volatility? Evidence from Egyptian Non-Financial Firms.
- Author
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Sherif, Mohamed, El-Diftar, Doaa, and Shahwan, Tamer
- Subjects
CORPORATE governance ,FIXED effects model ,INTERNAL auditing ,PANEL analysis ,LEAST squares ,BUSINESS enterprises - Abstract
The objective of this research paper is to investigate the association between internal Corporate Governance (CG) mechanisms and stock price volatility in Egypt as an emerging market. The paper investigates the impact of ownership structure and board structure as internal CG mechanisms on stock price volatility. Data are analyzed using a two-way fixed effects model, a one-step dynamic panel data model, and a panel weighted least squares model. The study concluded that ownership concentration has a negative influence on volatility. Interestingly, an inverted U-shaped relationship between the percentage of ownership by the greatest shareholder and volatility is evidenced. Managerial ownership also showed a negative influence on volatility. As for board structure mechanisms, the findings show that both board size and frequency of board meetings negatively influence volatility, whereas board independence has a positive impact. [ABSTRACT FROM AUTHOR]
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- 2024
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34. Guidance Certification Effect and Governance Supervision Effect of Government Investment Funds.
- Author
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Xu, Sheng, Li, Yaoxiong, and Manguet Ndinga, Durell Esperance
- Subjects
PUBLIC investments ,GOVERNMENT business enterprises ,ENTERPRISE value ,BUSINESS size ,CAPITAL market ,PANEL analysis - Abstract
The establishment of government investment funds serves as a crucial measure for governments at all levels to leverage their certification role and financial resources in attracting social capital to support enterprise development. This paper empirically examines the guiding certification effect and governance supervision effect of government investment funds on enterprise value enhancement, utilising panel data from listed companies and government investment fund investment event data spanning the period from 2011 to 2021. The research findings reveal that government investment funds significantly enhance the value of recipient enterprises. By leveraging their guidance and certification effects and governance supervision effects, these funds alleviate financing constraints, actively participate in corporate governance, and ultimately enhance corporate value. The impact of government investment funds is negatively moderated by the age and size of the enterprise, indicating that the "invest in early-stage and small businesses" investment strategy yields better results in promoting value enhancement. Furthermore, heterogeneity analysis demonstrates that government investment funds have a more pronounced impact on the value of non-heavily polluting industries, enterprises located in the eastern and southern regions of China, and non-state-owned enterprises. This article expands the research scope of government investment funds at the micro level, providing empirical evidence and theoretical support for optimising government investment funding policies and fostering the development of a modern capital market with distinctive Chinese characteristics. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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35. Evolutionary Characteristics, Regional Differences and Spatial Convergence of China's Sustainable Agricultural Development Level.
- Author
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Zhu, Honghui and Zheng, Xin
- Subjects
REGIONAL differences ,SUSTAINABLE development ,PROBABILITY density function ,GINI coefficient ,WESTERN countries ,PANEL analysis - Abstract
Sustainable agricultural development is a fundamental requirement and a crucial goal of modern agriculture. It is also a significant means of enabling farmers to increase their incomes. This paper analyses the evolutionary characteristics, regional differences and spatial convergence of the level of sustainable agricultural development using kernel density estimation, Dagum's Gini coefficient and the spatial convergence model based on panel data from 30 provinces in China from 2012 to 2021.The results show that: (1) At the level of development, the level of sustainable agricultural development at the national level and in the three major regions has shown an upward trend with fluctuations, with the average level of development in the eastern and central parts of the country higher than the national average, and in the western part of the country lower than the national average; however, the growth rate in the western part of the country is the highest among the three major regions. (2) In terms of evolutionary characteristics, the level of sustainable agricultural development in the country and the three major regions is characterised by spatial agglomeration, with varying degrees of polarisation. (3) In terms of regional differences, the Gini coefficients for the country as a whole, within the three major regions and between regions, generally show a downward trend, with interregional differences remaining the main source of overall differences. (4) In terms of spatial convergence, there is σ-convergence and β-convergence in the level of sustainable agricultural development across the country and the three major regions, and there is a positive spatial spillover effect. The conditional β convergence results show that the eastern region has the fastest rate of convergence. The above findings provide a scientific basis for the formulation of policies related to sustainable agricultural development in China. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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36. Financial deepening on income inequality: A quantitative meta-analysis study.
- Author
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NOKULUNGA, MBONA
- Subjects
INCOME inequality ,INCOME ,PANEL analysis ,QUANTITATIVE research ,FINANCIAL institutions - Abstract
There exists a vast empirical literature on Financial Sector Development (FSD) and the income inequality nexus; however, it lacks consensus. To study this, 24 studies with 87 regression estimates on financial institution depth and income inequality were collected. This paper used the most common method of economic meta-analysis, the Partial Correlation Coefficient (PCC), to answer the question: What is the magnitude and impact, if any, of financial institution depth on income inequality? In addition, a multivariate meta-regression model was used to find moderator variables that produced mixed results in the literature. The results show that the global average comovement of financial institution depth (domestic credit) on income inequality is very small but positive; suggesting that growth in domestic credit may widen income inequality. The positive correlation between domestic credit and income inequality highlights how financial institutions use household income and collateral as a signal when deciding on credit applications. Finally, the multivariate regression results suggest that the present heterogeneity within the literature stems from different methodologies and control variables included in the econometric models, and panel studies that mix countries with heterogeneous characteristics. These suggest that different components of FSD may impact income inequality differently [ABSTRACT FROM AUTHOR]
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- 2024
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37. Analysis of logistics capacity, influencing factors and spatial spillover effect in Yangtze River Economic Belt.
- Author
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Fanghu, Li, Yinnan, He, and Biao, Wang
- Subjects
REGIONAL development ,FREIGHT forwarders ,INFORMATION technology ,TOPSIS method ,ENTROPY ,PANEL analysis ,LOGISTICS - Abstract
The logistics industry plays a crucial role in facilitating regional economic development. Serving as a vital link connecting producers, consumers, and various components of the supply chain, it has a direct and profound impact on the prosperity and advancement of regional economies. Based on the panel data of 11 provinces in the Yangtze River Economic Belt from 2016 to 2020, this paper constructs the logistics capability evaluation index system from four aspects: regional economic base, logistics infrastructure, logistics development scale, information technology and talent support, and uses the entropy weight TOPSIS method to measure the logistics capability of each province. The adjacency space weight matrix, geographical distance weight matrix and economic distance weight matrix are selected to build a spatial econometric model to analyze the influencing factors and spatial spillover effects of regional logistics capability. The following conclusions can be drawn from the analysis. From 2016 to 2020, the regional logistics capacity of the Yangtze River Economic Belt shows a trend of increasing year by year, but the logistics capacity of different provinces within the region has a large room for improvement. From the perspective of spatial dimension, the logistics capacity of the Yangtze River Economic Belt is "high in the east and low in the west". The results of spatial econometric analysis based on the spatial Durbin model show that there are significant spatial spillover effects on the logistics capacity of provinces in the Yangtze River Economic Belt. Factors such as road network density, port throughput, water freight turnover, transportation, warehousing and postal employment will not only affect the logistics capacity of the region, but also have a spillover effect on the material capacity of neighboring provinces in the Yangtze River Economic Belt. This study improves the level of regional logistics capacity and promotes the regional economic development of the Yangtze River Economic Belt. It can be used as a reference for other regions or countries in terms of enhancing regional logistics capacity and promoting regional economic development. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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38. Measurement and determinants of multidimensional urban poverty: Evidence from Shandong Province, China.
- Author
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Zhao, Bo, Cheah, Phaik Kin, and Moses, Priscilla
- Subjects
URBAN poor ,RURAL poor ,PANEL analysis ,DURABLE consumer goods ,PROVINCES - Abstract
China eliminated rural poverty under current poverty standards in 2020. However, compared with rural poverty, urban poverty in China has been somewhat neglected. This paper aims to discover the changes and determinants of multidimensional urban poverty in Shandong Province, a representative province in Eastern China. Using a nationally representative panel dataset, the China Family Panel Studies, and the Dual Cutoff method, this study creates a multidimensional poverty index with four dimensions and 11 indicators to measure urban poverty in Shandong Province. This paper discovers that while the incidence of multidimensional urban poverty in Shandong Province decreased from 47.62% in 2010 to 36.45% in 2018, the intensity of multidimensional poverty only decreased from 41.27% to 37.25%, which indicates the inadequacy of urban anti-poverty efforts in Shandong Province. This paper also uses logistic regression to identify the determinants of multidimensional urban poverty. The findings suggest that income, health, drinking water, and durable goods are the main determinants of multidimensional urban poverty in Shandong Province. Based on these findings, this study provides targeted recommendations for future urban anti-poverty policies in Shandong Province. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
39. Does the integration of manufacturing and producer services improve carbon emission efficiency?
- Author
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Xiao, Yingtong, Xu, Yalin, Li, Meng, Wang, Yanan, and Chen, Wei
- Subjects
CARBON emissions ,INDUSTRIAL clusters ,COST control ,PROPERTY rights ,PANEL analysis - Abstract
The integration of the advanced manufacturing industry and the modern service industry is an important direction for the transformation and upgrading of China's manufacturing industry. However, the existing research focuses more on the level, motivation, and economic effects of the integration of manufacturing and producer services, and less on its environmental effects. In this paper, based on the panel data from 30 provincial regions in China from 2005 to 2019, an evaluation system for the integration of manufacturing and producer services (IMP) is constructed, and the carbon emission efficiency (CEE) is calculated through the super-efficiency SBM model. Based on the analysis of the influence mechanism of IMP on CEE, the mediation effect model and the spatial Durbin model are used to test the influence of the IMP on CEE. The results show that the IMP can significantly improve CEE, and indirectly promote CEE through four intermediary factors: value addition, cost reduction, industrial agglomeration and structure upgrading. Finally, we found the level of economic development, property rights structure and regional innovation can promote CEE to varying degrees. The intensity of environmental regulation, opening level and the energy consumption structure inhibit the efficiency of carbon emissions. The total impact of the IMP on CEE is greater in the western region than in the eastern and central regions, and the western region shows a more significant spatial spillover effect. The IMP has a greater effect on improving CEE, and shows a strong spatial spillover effect. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
40. The Impact of Income Disparity on Food Consumption—Microdata from Rural China.
- Author
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Li, Jing, Chen, Kelin, Yan, Chao, and Tang, Zhong
- Subjects
FOOD consumption ,INCOME inequality ,INCOME ,PANEL analysis ,AGRICULTURAL development ,CONSUMPTION (Economics) - Abstract
This paper examines the relationship between income inequality and consumption, utilizing panel data from rural China over a span of four years to validate the application of relative income theory in the domain of food consumption. Food consumption represents a significant portion of expenditures for the low-income demographic and is of vital importance to China's food security and agricultural development. To ascertain the impact of income inequality on food consumption, this paper employs a bi-directional fixed-effects model, a mediation effect model, and machine learning causal analysis methods. Utilizing four years of rural resident survey data from the China Health and Nutrition Survey database, the study empirically tests the effect of income inequality on various types of food consumption, the channels through which it operates, and the heterogeneity among different income groups and educational backgrounds. The findings indicate that (1) income inequality within rural communities positively influences food consumption, and this conclusion remains robust under endogeneity treatment and robustness checks, positively affecting the transformation of food consumption and healthy intake; (2) income inequality among rural residents promotes food consumption through two mediating channels: the "demonstration effect" and the "ratchet effect;" (3) the impact of income inequality on food consumption exhibits heterogeneity among rural residents of different income levels and educational backgrounds. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
41. The impact of internet use on health among older adults in China: a nationally representative study.
- Author
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Zhou, Yanyan, Bai, Yang, and Wang, Jun
- Subjects
OLDER people ,FIXED effects model ,INTERNET ,PANEL analysis ,SOCIAL interaction - Abstract
Background and objectives: Aging poses a significant challenge worldwide, with China's aging status becoming particularly severe. What is the impact of Internet use on the health of the elderly? Existing studies have drawn conflicting conclusions that Internet use improves or harms health. The purpose of this study was to explore how Internet use affects the health of older adults, and the mechanisms and heterogeneity of these effects. Research design and methods: Based on Grossman's theory, this paper constructs a health production function model. Using the data of China Family Panel Studies (CFPS) from 2014 to 2020, we investigated the impact of Internet use on the health of older adults using fixed effect model and instrumental variable method. We also examined the mediating role of health information acquisition, lifestyle, and social interaction in these associations. Results: Internet use is positively associated with self-rated health and negatively associated with psychological sub-health level. Internet use promotes the health of older adults by facilitating access to health information, healthy lifestyles, and enhancing social interaction. And the impacts are heterogeneous at the individual and regional levels. Discussion and implications: We should progressively enhance the level of internet accessibility for older adults, while concurrently addressing and narrowing the 'digital divide'. By generating an abundance of superior health-related information, we can significantly improve health education tailored for the elderly. Additionally, it is crucial to offer extensive training opportunities designed to equip older adults with the necessary skills to proficiently navigate the internet. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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- View/download PDF
42. An extended STIRPAT model and forecast of carbon emission based on green consumption behaviors: evidence from China.
- Author
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Wu, Cisheng, Ge, Manman, Huang, Zhiyuan, Wang, Linchuan, and Liu, Teng
- Subjects
GREEN behavior ,CARBON emissions ,INPUT-output analysis ,KUZNETS curve ,PANEL analysis ,LEAD - Abstract
An extended STIRPAT model was constructed to explore the impact of green consumption behaviors on carbon emission. Based on the panel data of 30 provinces in China from 2005 to 2019, this paper analyzed the effect of green consumption behaviors, regional population size, economic development level and technological level on carbon emission, and then forecasted the carbon emission in eastern, central and western China from 2020 to 2035. The results demonstrate that carbon emission increases with the expansion of population size; green consumption behaviors have a significant moderating effect on carbon emission and alleviate the pressure of population growth on carbon emission; instead of following the environmental Kuznets curve, the trend of carbon emission shows an inverted "N" curve with economic growth; There is a positive correlation between technological progress and carbon emission; the increase in the level of consumers' expenditure and the ratio of the secondary industry output value over the total GDP lead to an increase in carbon emission, while the improvement of the urbanization level reduces carbon emission. Policy implications and prospects are also discussed. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
43. A Survey of Spatial Unit Roots.
- Author
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Baltagi, Badi H. and Shu, Junjie
- Subjects
LEAST squares ,TIME series analysis ,PANEL analysis ,ECONOMETRICS - Abstract
This paper conducts a brief survey of spatial unit roots within the context of spatial econometrics. We summarize important concepts and assumptions in this area and study the parameter space of the spatial autoregressive coefficient, which leads to the idea of spatial unit roots. Like the case in time series, the spatial unit roots lead to spurious regression because the system cannot achieve equilibrium. This phenomenon undermines the power of the usual Ordinary Least Squares (OLS) method, so various estimation methods such as Quasi-maximum Likelihood Estimate (QMLE), Two Stage Least Squares (2SLS), and Generalized Spatial Two Stage Least Squares (GS2SLS) are explored. This paper considers the assumptions needed to guarantee the identification and asymptotic properties of these methods. Because of the potential damage of spatial unit roots, we study some test procedures to detect them. Lastly, we offer insights into how to relax the compactness assumption to avoid spatial unit roots, as well as the relationship between spatial unit roots and other models, such as the Spatial Dynamic Panel Data (SDPD) model and Lévy–Brownian motion. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
44. Analysis of the Club Convergence and Driving Factors of China's Green Agricultural Development Levels.
- Author
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Chen, Silin and Guo, Xiangyu
- Subjects
SUSTAINABLE development ,AGRICULTURAL development ,SUSTAINABLE communities ,LOGISTIC regression analysis ,PANEL analysis - Abstract
Green agricultural development opens up a feasible way for China to construct sustainable communities and promote rural revitalization strategies. However, a clear gap on the subject sets apart various regions in China, resulting in off-balance development. This paper, based on the panel data from 31 provinces (municipalities and autonomous regions) in China from 2013 to 2020, established an evaluation index system for China's green agricultural development levels, measured the green agricultural development in different regions, and applied the log(t) model, the Ordered Probit model, and the Ordered Logit model to identify convergence trends and causes of China's green agricultural development level club convergence, respectively. Our research found the following: (1) The green agricultural development levels in various regions in China are on the rise, and regional gaps are still significant. The output of green agricultural products is the focus of various regions in promoting green agricultural development. (2) The green agricultural development levels in China's 31 provinces (municipalities and autonomous regions) have converged to four clubs. China is gradually forming a convergence pattern of green agricultural development levels, with the main agricultural production areas as the core. (3) The regional gap at the level of environmental regulation for green agricultural development first narrows, then expands, and then narrows. The intensity of environmental regulation in most areas is in the first stage. This indicates that China should continue to maintain the current intensity and promote green agricultural development levels to converge towards high-level clubs. In addition, the GDP, grain production area, fiscal support for agriculture, and rural human capital can narrow the gaps in green agricultural development levels between regions. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
45. Migration of health workers: key findings from Romania.
- Author
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Boboc, Cristina, Ghiță, Simona Ioana, and Vasile, Valentina
- Subjects
LABOR mobility ,MEDICAL personnel ,PANEL analysis ,REGRESSION analysis - Abstract
The migration of medical staff results in the diminution of human resources in the health sector, undermining the capacity of developing countries' health systems to provide medical services equitably. Various factors, such as economic, professional, political, social, or personal considerations, contribute to the decision of health workers to emigrate. This paper's primary objective is to analyze the prevailing trends in the migration flows and stocks of physicians and nurses, with a focus on identifying the principal pull factors of migration. The preferred destination countries for Romanian health professionals include the UK, Germany, France, and Italy. Notably, Germany stands out as a leader in health care professionals' migration flows, characterized by two distinct migration periods: the first featuring exceptionally high levels of physician migration and the second marked by increasing levels of nurses' migration. Through panel data regression analysis, we have established that the pull factors for physicians differ from those for nurses. For physicians, the presence of a Romanian community of health professionals in the destination countries is crucial, whereas for nurses, the development level of the destination country holds top importance. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
46. DIGITALIZATION AND THE "TOO BIG TO FAIL" DILEMMA: MECHANISMS AND ASYMMETRIC EFFECTS OF BANKS' FINTECH INNOVATION ON TOTAL FACTOR PRODUCTIVITY.
- Author
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Chengming LI, Yuan ZHANG, and Hongwei YU
- Subjects
INDUSTRIAL productivity ,QUANTILE regression ,FINANCIAL technology ,BANKING industry ,DIGITAL technology ,TECHNOLOGICAL innovations ,BANK assets ,PANEL analysis - Abstract
Fintech is driving the revolution of finance and profoundly affecting the development of the financial sector. However, few studies examined how commercial banks' fintech innovation affects total factor productivity (TFP). To build up the fintech index of commercial banks, we use web crawler technology to accumulate news related to the fintech innovation of commercial banks in Baidu news. We use the panel data of 72 banks in China from 2010 to 2020 to explore the impacts and mechanisms of fintech on commercial banks' TFP. The results show that fintech innovation effectively improves TFP after a series of robustness tests. Further, we find that fintech innovation can improve commercial banks' TFP by promoting innovations of financial products, increasing risk control capability, reducing cost, and improving profit. Also, the utility of fintech is more significant in banks with more assets, facilities, and human capital, which means that fintech innovation creates a "bigger is better" mindset. Meanwhile, the result of quantile regression shows that the higher the fintech innovation, the more significant the increase in TFP, which further reveals that there is 'too big to fail' among commercial banks under digitalization. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
47. Spatial Effects of Service Industry's Heterogeneous Agglomeration on Industrial Structure Optimization: Evidence from China.
- Author
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Nie, Lei and Wang, Yuanyuan
- Subjects
INDUSTRIAL clusters ,SERVICE industries ,CITIES & towns ,SMALL cities ,PANEL analysis ,SUSTAINABLE urban development - Abstract
Elucidating the impacts of service industry's agglomeration on the optimization of industrial structures holds paramount significance in advancing urban economic growth and fostering the coordinated and sustainable development of city economies. This study leverages panel data encompassing 251 prefecture-level cities spanning from 2003 to 2019, employing a spatial Dubin model to scrutinize the influence of distinct types of service industry agglomeration on industrial structure optimization. The results show that specialized agglomeration within the service sector significantly inhibits the rationalization of industrial structures and their underlying fundamentals. Conversely, heightened levels of agglomeration in diversified service industries facilitate the rationalization of industrial structure, predominantly driven by regional spatial spillover effects. Further analysis reveals heterogeneity in service industry agglomeration across cities of varying sizes concerning industrial structure optimization, notably accentuating underutilized spatial spillover effects in smaller cities. In light of these insights, this paper advocates for cities to capitalize on the agglomeration and spillover effects between the service industry and other sectors, strategically selecting optimal service industry agglomeration modes to propel industrial structure optimization. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
48. THE EFFECTS OF EXTREME CLIMATE EVENTS ON GREEN TECHNOLOGY INNOVATION IN MANUFACTURING ENTERPRISES.
- Author
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WANG, Chengyuan, LI, Wanyi, LI, Jun, and WAN, Liang
- Subjects
CLIMATE extremes ,GREEN technology ,PANEL analysis ,BUSINESS enterprises - Abstract
The increasing intensity and frequency of extreme climate events have made improving the adaptability to extreme climate events a strategic imperative for manufacturing companies. This paper investigates whether manufacturing enterprises increase green technology innovation affected by different extreme climate events. Based on panel data of Chinese listed manufacturing enterprises, we show that extreme precipitation events can positively promote green technology innovation, yet extreme temperature events do not. Heterogeneity analyses suggest that the effect of extreme precipitation events on green technology innovation is more significant for non-state-owned enterprises, poor performance enterprises, and high R&D intensity enterprises than other enterprises. Furthermore, the facilitating effect of extreme precipitation events on green technology innovation is merely temporary. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
49. Role of institution in combating crime in India: an empirical study.
- Author
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Dinda, Soumyananda and Khasnobis, Poulomi
- Subjects
OFFENSES against property ,SOCIAL impact ,CRIME statistics ,FISCAL policy ,DUMMY variables ,PANEL analysis ,CRIME - Abstract
Purpose: This paper examines the role of institution in the combating crime in India. This study also assesses institutions for controlling property crime in India in the post-reform era. Design/methodology/approach: Crime and socio-economic data are taken from National Crime Record Bureau and the Reserve Bank of India, respectively. Twenty major Indian states are selected for the study purpose for the period of 1994–2019. Fixed effect panel data technique is used for analysis purpose. Findings: Property crime rate declines with economic growth, while it increases with financial development. Findings of fiscal policy instruments are different. Own tax is positively associated with property crime in India, while non-tax fiscal instruments such as fine, penalty, and so on, are inversely related to it. Property crime rate is inversely related to institutional factors like charge sheet and conviction rate. Research limitations/implications: Further research is needed for other crimes in India. State-level data are used here for analysis purpose; however, spatial or cluster analysis techniques might provide more insights for combating crimes in India. Practical implications: This study suggests that economic growth and fiscal instrument along with institutional development are essential to control property crime in India. Social implications: Government should take steps to improve the law-and-order system to control property crime across states. Originality/value: Impact of non-tax fiscal instrument reduces property crime while that of own tax is increases it in India. These findings are unique and added certain insight in the study. Institutional roles are captured its performances like charge sheet and convict rate, which are significantly reduce property crime in Indian states. Least square dummy variable model is applied to capture individual state effects. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2023-0063 [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
50. The impact of population aging on FDI: A panel data analysis based on 27 segments in China's manufacturing industry.
- Author
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Li, Yujie, Chen, Tingwei, and Zhang, Zongbin
- Subjects
OLDER people ,POPULATION aging ,PANEL analysis ,FOREIGN investments ,LABOR costs - Abstract
Foreign Direct Investment (FDI) is an important part of China's new "double-cycle" development pattern. Among the many factors affecting FDI, will the aging population have an impact on manufacturing, the key industry for FDI? This paper examines the direct and indirect effects of an aging population on FDI using panel data from 27 manufacturing sub-industries in China between 2005 and 2020. It is found that (1) the deepening of the population's aging negatively affects FDI inflows and this result continues to hold after a series of robustness tests. (2) Using labor quantity and labor cost as mediating variables, it is found that the population's aging indirectly affects FDI by reducing labor quantity and increasing labor cost. (3) The heterogeneity analysis study finds that the deepening of the population's aging significantly inhibits FDI in labor-intensive and capital-intensive industries among manufacturing sub-industries, and the inhibitory effect on FDI in technology-intensive industries is not significant. This study provides meso-evidence to support the findings of existing studies and provides suggestions and insights for the government to formulate relevant policies to actively cope with aging. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
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