Pub Date : 2025-03-02DOI: 10.1016/j.cities.2025.105805
Adiwan F. Aritenang , Zalfa Fadilla Anjani , Pingkan Safitri , Fikri Zul Fahmi , Ana Maria Bustamante Duarte , Karin Pfeffer , Ana Mafalda Madureira , Dadan Ramdan , Ari Nurman
In many Global South countries, creative industries (CIs) are found intersecting with informal settlements. In Indonesia, this is particularly visible in the creative urban villages (kampongs). This paper aims to identify the innovation processes (both technical and systemic innovations) undertaken by CIs operating from these creative kampongs. Using a comparative study in two creative kampongs with different creative identities and communities, we found the presence of incremental and pragmatic innovation influenced by the conditions of informality and the impact of the limitation of resources faced by CIs in these areas. Our findings particularly emphasise aspects of knowledge production and the innovation process of CIs in the kampongs. The paper contributes to understanding the importance of actor-networks and the emergence of technology that allows informal businesses to innovate their products and services. It also contributes to reflect on the role of kampong as a shared space in which communal spirit expedite knowledge production and identity for CIs.
{"title":"Innovation in informal creative industries: The case of Indonesia's creative kampongs","authors":"Adiwan F. Aritenang , Zalfa Fadilla Anjani , Pingkan Safitri , Fikri Zul Fahmi , Ana Maria Bustamante Duarte , Karin Pfeffer , Ana Mafalda Madureira , Dadan Ramdan , Ari Nurman","doi":"10.1016/j.cities.2025.105805","DOIUrl":"10.1016/j.cities.2025.105805","url":null,"abstract":"<div><div>In many Global South countries, creative industries (CIs) are found intersecting with informal settlements. In Indonesia, this is particularly visible in the creative urban villages (kampongs). This paper aims to identify the innovation processes (both technical and systemic innovations) undertaken by CIs operating from these creative kampongs. Using a comparative study in two creative kampongs with different creative identities and communities, we found the presence of incremental and pragmatic innovation influenced by the conditions of informality and the impact of the limitation of resources faced by CIs in these areas. Our findings particularly emphasise aspects of knowledge production and the innovation process of CIs in the kampongs. The paper contributes to understanding the importance of actor-networks and the emergence of technology that allows informal businesses to innovate their products and services. It also contributes to reflect on the role of kampong as a shared space in which communal spirit expedite knowledge production and identity for CIs.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"160 ","pages":"Article 105805"},"PeriodicalIF":6.0,"publicationDate":"2025-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143527370","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-03-01DOI: 10.1016/j.ecosys.2024.101200
Valentine Soumtang Bimé , Itchoko Motande Mondjeli Mwa Ndjokou
There is a large body of work documenting the non-consensual effects of financial access on income inequality. Despite this extensive literature and the predominance of ethnic fragmentation in Sub Saharan Africa countries (SSA), little is known about its mediating effect on the above relation. This paper focuses on assessing the effect of ethnic fragmentation on financial access income inequality nexus. Based on Kripfganz and Schwarz's (2019) dynamic panel estimator of time-invariant variables in a sample of thirty-seven (37) SSA countries over the period of 1990–2019, it is observed that ethnic fragmentation hinders financial access to reduce inequality in SSA. The results remain stable following several sensitivity tests related to corruption, urbanization, financial literacy and socio-geographic factors. They are also robust to the use of alternative measures of financial access and to change estimation technique.
{"title":"Financial access and income inequality in Sub-Saharan Africa: Does ethnic fragmentation give new evidence?","authors":"Valentine Soumtang Bimé , Itchoko Motande Mondjeli Mwa Ndjokou","doi":"10.1016/j.ecosys.2024.101200","DOIUrl":"10.1016/j.ecosys.2024.101200","url":null,"abstract":"<div><div>There is a large body of work documenting the non-consensual effects of financial access on income inequality. Despite this extensive literature and the predominance of ethnic fragmentation in Sub Saharan Africa<span> countries (SSA), little is known about its mediating effect on the above relation. This paper focuses on assessing the effect of ethnic fragmentation on financial access income inequality nexus. Based on Kripfganz and Schwarz's (2019) dynamic panel estimator of time-invariant variables in a sample of thirty-seven (37) SSA countries over the period of 1990–2019, it is observed that ethnic fragmentation hinders financial access to reduce inequality in SSA. The results remain stable following several sensitivity tests related to corruption, urbanization, financial literacy and socio-geographic factors. They are also robust to the use of alternative measures of financial access and to change estimation technique.</span></div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 1","pages":"Article 101200"},"PeriodicalIF":2.8,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140009300","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-03-01DOI: 10.1016/j.ecosys.2024.101242
Asil Azimli , Demet Beton Kalmaz
We investigated the time and frequency connectedness between Russia’s geopolitical risk (R-GPR) and the high-order moments (volatility, skewness, and kurtosis) of equity markets in eight countries: U.S., Belgium, France, Germany, U.K., Italy, Switzerland, and Spain. Our findings showed that R-GPR and realized volatility co-move in the short- and medium-term frequency bands during wartime, except in the U.S. and U.K. markets. Concerning realized skewness, significant co-movements were observed between R-GPR and Belgium and Germany during the short- and medium-frequency bands, implying that higher skewness (crash risk) was associated with higher R-GPR. Contrastingly, the realized kurtosis and R-GPR were connected at a long-term frequency. Finally, R-GPR negatively led to realized kurtosis in the U.S. market, implying the U.S. market’s hedging potential for fat-tail risk. Our results provide essential insights into the investment and risk-management practices of market participants with different investment horizons.
{"title":"The impact of Russia’s Geopolitical Risk on stock markets’ high-moment risk","authors":"Asil Azimli , Demet Beton Kalmaz","doi":"10.1016/j.ecosys.2024.101242","DOIUrl":"10.1016/j.ecosys.2024.101242","url":null,"abstract":"<div><div><span>We investigated the time and frequency connectedness between Russia’s geopolitical risk (R-GPR) and the high-order moments (volatility, skewness, and kurtosis) of equity markets in eight countries: U.S., Belgium, France, Germany, U.K., Italy, Switzerland, and Spain. Our findings showed that R-GPR and realized volatility co-move in the short- and medium-term frequency bands during wartime, except in the U.S. and U.K. markets. Concerning realized skewness, significant co-movements were observed between R-GPR and Belgium and Germany during the short- and medium-frequency bands, implying that higher skewness (crash risk) was associated with higher R-GPR. Contrastingly, the realized </span>kurtosis and R-GPR were connected at a long-term frequency. Finally, R-GPR negatively led to realized kurtosis in the U.S. market, implying the U.S. market’s hedging potential for fat-tail risk. Our results provide essential insights into the investment and risk-management practices of market participants with different investment horizons.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 1","pages":"Article 101242"},"PeriodicalIF":2.8,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141402715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-03-01DOI: 10.1016/j.ecosys.2024.101244
Daniel Nigohosyan , Iglika Vassileva, Albena Vutsova
The paper explores the effects of European Union (EU) support on small and medium-sized enterprises (SMEs) in Bulgaria in the 2014–2020 programming period. In particular, it applies two standard counterfactual techniques (Difference-in-Differences and Propensity Score Matching) to review a 200-million EUR scheme under the Operational Programme ‘Innovation and Competitiveness’ (2014–2020). The analysis shows a positive and statistically significant effect of the grants on the assets of the supported companies. Some positive effects on the SMEs' revenues and revenues per employee have also been observed. However, the paper finds no evidence that the SME grants have supported the companies' profitability and employment. Thus, the findings raise questions about the design of grant schemes supporting competitiveness, which may lead to selecting better-performing companies (‘cherry-picking’) without providing any substantial positive effects.
{"title":"The effects of EU grants on SMEs: Evidence from Bulgaria","authors":"Daniel Nigohosyan , Iglika Vassileva, Albena Vutsova","doi":"10.1016/j.ecosys.2024.101244","DOIUrl":"10.1016/j.ecosys.2024.101244","url":null,"abstract":"<div><div>The paper explores the effects of European Union (EU) support on small and medium-sized enterprises (SMEs) in Bulgaria in the 2014–2020 programming period. In particular, it applies two standard counterfactual techniques (Difference-in-Differences and Propensity Score Matching) to review a 200-million EUR scheme under the Operational Programme ‘Innovation and Competitiveness’ (2014–2020). The analysis shows a positive and statistically significant effect of the grants on the assets of the supported companies. Some positive effects on the SMEs' revenues and revenues per employee have also been observed. However, the paper finds no evidence that the SME grants have supported the companies' profitability and employment. Thus, the findings raise questions about the design of grant schemes supporting competitiveness, which may lead to selecting better-performing companies (‘cherry-picking’) without providing any substantial positive effects.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 1","pages":"Article 101244"},"PeriodicalIF":2.8,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141550645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper contributes to empirical studies of competition policy enforcement. The study applies an empirical approach to measure the extent of economic analysis (legal standard) applied by competition authorities in antitrust cases by leading developing countries, namely, Brazil, Russia, India, and South Africa (4 out of 5 BRICS countries). Using antitrust case-by-case information we explore the level, dynamics, and convergence of legal standards in antitrust investigations. The results indicate that the countries differ in the legal standard used, even on the same conduct type under investigation. On average, competition authorities in Brazil and India apply higher legal standards than those in Russia and South Africa. The ranking of legal standards by conduct groups differs as well, with vertical agreements and abuse of dominance cases having the highest levels. There is no evidence of an increasing trend or convergence in the legal standard in antitrust investigations, either between cases of the same conduct group or between countries investigated. This study also does not find unambiguous evidence on the effect of resources (funding and staff) on legal standards or on the consistency of case-specific analysis.
{"title":"Economic analysis and competition policy practice: A comparative empirical examination","authors":"Svetlana Golovanova , Eduardo Pontual Ribeiro , Svetlana Avdasheva","doi":"10.1016/j.ecosys.2024.101245","DOIUrl":"10.1016/j.ecosys.2024.101245","url":null,"abstract":"<div><div>This paper contributes to empirical studies of competition policy enforcement. The study applies an empirical approach to measure the extent of economic analysis (legal standard) applied by competition authorities in antitrust cases by leading developing countries, namely, Brazil, Russia, India, and South Africa (4 out of 5 BRICS countries). Using antitrust case-by-case information we explore the level, dynamics, and convergence of legal standards in antitrust investigations. The results indicate that the countries differ in the legal standard used, even on the same conduct type under investigation. On average, competition authorities in Brazil and India apply higher legal standards than those in Russia and South Africa. The ranking of legal standards by conduct groups differs as well, with vertical agreements and abuse of dominance cases having the highest levels. There is no evidence of an increasing trend or convergence in the legal standard in antitrust investigations, either between cases of the same conduct group or between countries investigated. This study also does not find unambiguous evidence on the effect of resources (funding and staff) on legal standards or on the consistency of case-specific analysis.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 1","pages":"Article 101245"},"PeriodicalIF":2.8,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141709313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-03-01DOI: 10.1016/j.eap.2025.02.033
Khanh Hoang , Cuong Nguyen , Toan Luu Duc Huynh , Hailiang Zhang , Van Thi Thuy Vu
Carbon-intensive firms are increasingly exposed to carbon transition risks stemming from evolving climate policies, forcing them to adapt to a low-carbon economy. While prior research focuses on direct environmental initiatives to mitigate carbon transition risks, limited attention has been given to corporate diversification as an alternative strategy. This study investigates the impact of carbon transition risks on revenue diversification of Chinese listed firms, employing a difference-in-differences framework with the Paris Agreement as an exogenous shock. We find a significant increase in diversification of heavy-emitting firms following the Paris Agreement compared to their counterparts, without a corresponding increase in environmental investments or green technology adoption. This response is notably pronounced among firms with state ownership and is weakened when investment irreversibility is high. The findings align with the real options perspective and provide new insights into corporate responses to climate policy changes within the unique context of China.
{"title":"How does carbon transition risk drive corporate diversification? Evidence from heavy emitter firms in China","authors":"Khanh Hoang , Cuong Nguyen , Toan Luu Duc Huynh , Hailiang Zhang , Van Thi Thuy Vu","doi":"10.1016/j.eap.2025.02.033","DOIUrl":"10.1016/j.eap.2025.02.033","url":null,"abstract":"<div><div>Carbon-intensive firms are increasingly exposed to carbon transition risks stemming from evolving climate policies, forcing them to adapt to a low-carbon economy. While prior research focuses on direct environmental initiatives to mitigate carbon transition risks, limited attention has been given to corporate diversification as an alternative strategy. This study investigates the impact of carbon transition risks on revenue diversification of Chinese listed firms, employing a difference-in-differences framework with the Paris Agreement as an exogenous shock. We find a significant increase in diversification of heavy-emitting firms following the Paris Agreement compared to their counterparts, without a corresponding increase in environmental investments or green technology adoption. This response is notably pronounced among firms with state ownership and is weakened when investment irreversibility is high. The findings align with the real options perspective and provide new insights into corporate responses to climate policy changes within the unique context of China.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 1971-1994"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Testing normality against discrete normal mixtures is complex because some parameters turn increasingly underidentified along alternative ways of approaching the null, others are inequality constrained, and several higher-order derivatives become identically 0. These problems make the maximum of the alternative model log-likelihood function numerically unreliable. We propose score-type tests asymptotically equivalent to the likelihood ratio as the largest of two simple intuitive statistics that only require estimation under the null. One novelty of our approach is that we treat symmetrically both ways of writing the null hypothesis without excluding any region of the parameter space. We derive the asymptotic distribution of our tests under the null and sequences of local alternatives. We also show that their asymptotic distribution is the same whether applied to observations or standardized residuals from heteroskedastic regression models. Finally, we study their power in simulations and apply them to the residuals of Mincer earnings functions.
{"title":"Score-type tests for normal mixtures","authors":"Dante Amengual , Xinyue Bei , Marine Carrasco , Enrique Sentana","doi":"10.1016/j.jeconom.2024.105717","DOIUrl":"10.1016/j.jeconom.2024.105717","url":null,"abstract":"<div><div>Testing normality against discrete normal mixtures is complex because some parameters turn increasingly underidentified along alternative ways of approaching the null, others are inequality constrained, and several higher-order derivatives become identically 0. These problems make the maximum of the alternative model log-likelihood function numerically unreliable. We propose score-type tests asymptotically equivalent to the likelihood ratio as the largest of two simple intuitive statistics that only require estimation under the null. One novelty of our approach is that we treat symmetrically both ways of writing the null hypothesis without excluding any region of the parameter space. We derive the asymptotic distribution of our tests under the null and sequences of local alternatives. We also show that their asymptotic distribution is the same whether applied to observations or standardized residuals from heteroskedastic regression models. Finally, we study their power in simulations and apply them to the residuals of Mincer earnings functions.</div></div>","PeriodicalId":15629,"journal":{"name":"Journal of Econometrics","volume":"248 ","pages":"Article 105717"},"PeriodicalIF":9.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140154183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-03-01DOI: 10.1016/j.jeconom.2024.105783
Christophe Bellégo , David Benatia , Vincent Dortet-Bernadet
This paper studies the identification, estimation, and inference of long-term (binary) treatment effect parameters when balanced panel data is not available, or consists of only a subset of the available data. We develop a new estimator: the chained difference-in-differences, which leverages the overlapping structure of many unbalanced panel data sets. This approach consists in aggregating a collection of short-term treatment effects estimated on multiple incomplete panels. Our estimator accommodates (1) multiple time periods, (2) variation in treatment timing, (3) treatment effect heterogeneity, (4) general missing data patterns, and (5) sample selection on observables. We establish the asymptotic properties of the proposed estimator and discuss identification and efficiency gains in comparison to existing methods. Finally, we illustrate its relevance through (i) numerical simulations, and (ii) an application about the effects of an innovation policy in France.
{"title":"The chained difference-in-differences","authors":"Christophe Bellégo , David Benatia , Vincent Dortet-Bernadet","doi":"10.1016/j.jeconom.2024.105783","DOIUrl":"10.1016/j.jeconom.2024.105783","url":null,"abstract":"<div><div>This paper studies the identification, estimation, and inference of long-term (binary) treatment effect parameters when balanced panel data is not available, or consists of only a subset of the available data. We develop a new estimator: the chained difference-in-differences, which leverages the overlapping structure of many unbalanced panel data sets. This approach consists in aggregating a collection of short-term treatment effects estimated on multiple incomplete panels. Our estimator accommodates (1) multiple time periods, (2) variation in treatment timing, (3) treatment effect heterogeneity, (4) general missing data patterns, and (5) sample selection on observables. We establish the asymptotic properties of the proposed estimator and discuss identification and efficiency gains in comparison to existing methods. Finally, we illustrate its relevance through (i) numerical simulations, and (ii) an application about the effects of an innovation policy in France.</div></div>","PeriodicalId":15629,"journal":{"name":"Journal of Econometrics","volume":"248 ","pages":"Article 105783"},"PeriodicalIF":9.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143526861","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-03-01DOI: 10.1016/j.najef.2025.102408
Junjie Liu , Qingnan Zhou , Zhenlong Chen
The RGARCH-CARR-SK model is developed in this paper by incorporating the characteristics of parameters that directly reflect higher moments in the Gram-Charlier expansion distribution, as well as leveraging the advantages of the RGARCH-CARR model for high-frequency volatility prediction. Simultaneously, we extend the realized volatility measure in the model to explore its efficacy in volatility forecasting and risk measurement under a variety of generalized realized measures. Additionally, we investigate the finite sample behavior of model parameter estimation using Monte Carlo simulations. The result demonstrates that the model exhibits favorable asymptotic performance in parameter estimation across various finite samples. Finally, the empirical study employs the forecasting of high-frequency volatility in the RGARCH-CARR-SK model for China’s GEM and evaluates its effectiveness using various risk methods based on the model. The result reveals that the RGARCH-CARR-SK model outperforms the benchmark models in in-sample fitting, out-of-sample volatility prediction, as well as risk measurement.
{"title":"A RGARCH-CARR-SK model: A new high-frequency volatility forecasting and risk measurement model based on dynamic higher moments and generalized realized measures","authors":"Junjie Liu , Qingnan Zhou , Zhenlong Chen","doi":"10.1016/j.najef.2025.102408","DOIUrl":"10.1016/j.najef.2025.102408","url":null,"abstract":"<div><div>The RGARCH-CARR-SK model is developed in this paper by incorporating the characteristics of parameters that directly reflect higher moments in the Gram-Charlier expansion distribution, as well as leveraging the advantages of the RGARCH-CARR model for high-frequency volatility prediction. Simultaneously, we extend the realized volatility measure in the model to explore its efficacy in volatility forecasting and risk measurement under a variety of generalized realized measures. Additionally, we investigate the finite sample behavior of model parameter estimation using Monte Carlo simulations. The result demonstrates that the model exhibits favorable asymptotic performance in parameter estimation across various finite samples. Finally, the empirical study employs the forecasting of high-frequency volatility in the RGARCH-CARR-SK model for China’s GEM and evaluates its effectiveness using various risk methods based on the model. The result reveals that the RGARCH-CARR-SK model outperforms the benchmark models in in-sample fitting, out-of-sample volatility prediction, as well as risk measurement.</div></div>","PeriodicalId":47831,"journal":{"name":"North American Journal of Economics and Finance","volume":"77 ","pages":"Article 102408"},"PeriodicalIF":3.8,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143534109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-03-01DOI: 10.1016/j.eap.2025.02.034
Mengying Ni , Zimin Liu , Zhuang Zhang
“The stronger get stronger, the weaker get weaker”? Does the process of urban economic complexity exhibit a preference for green? This research utilizes the reflection iteration method to measure the economic complexity of Chinese cities and examines the impact of economic complexity on urban green development and its underlying mechanisms. The results are as follows: (1) the enhancement of economic complexity promotes the green development of urban economies, with enduring effects; (2) the green impact of economic complexity exhibits an increasing marginal trend, meaning that the higher the urban complexity, the stronger the marginal effect; (3) mechanism analysis indicates that economic complexity, on one hand, optimizes the developmental path of urban industries by squeezing out pollution-intensive and resource-dependent industries; on the other hand, economic complexity contributes to strengthening the urban innovation ecosystem, such as enhancing levels of urban innovation, entrepreneurship, technological advancement, R&D collaboration, and knowledge spillover. Additionally, the impact of economic complexity on urban green development is moderated by external constraints such as energy efficiency, environmental regulations, and public supervision; (4) heterogeneity analysis reveals that the green impact effect of economic complexity varies with the level of talent accumulation, administrative hierarchy, geographical location and industrial layout. This study offers valuable insights for optimizing urban development path and promoting green transformations in urban areas.
{"title":"Greening through economic complexity: New evidence from Chinese cities","authors":"Mengying Ni , Zimin Liu , Zhuang Zhang","doi":"10.1016/j.eap.2025.02.034","DOIUrl":"10.1016/j.eap.2025.02.034","url":null,"abstract":"<div><div>“The stronger get stronger, the weaker get weaker”? Does the process of urban economic complexity exhibit a preference for green? This research utilizes the reflection iteration method to measure the economic complexity of Chinese cities and examines the impact of economic complexity on urban green development and its underlying mechanisms. The results are as follows: (1) the enhancement of economic complexity promotes the green development of urban economies, with enduring effects; (2) the green impact of economic complexity exhibits an increasing marginal trend, meaning that the higher the urban complexity, the stronger the marginal effect; (3) mechanism analysis indicates that economic complexity, on one hand, optimizes the developmental path of urban industries by squeezing out pollution-intensive and resource-dependent industries; on the other hand, economic complexity contributes to strengthening the urban innovation ecosystem, such as enhancing levels of urban innovation, entrepreneurship, technological advancement, R&D collaboration, and knowledge spillover. Additionally, the impact of economic complexity on urban green development is moderated by external constraints such as energy efficiency, environmental regulations, and public supervision; (4) heterogeneity analysis reveals that the green impact effect of economic complexity varies with the level of talent accumulation, administrative hierarchy, geographical location and industrial layout. This study offers valuable insights for optimizing urban development path and promoting green transformations in urban areas.</div></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":"85 ","pages":"Pages 2063-2090"},"PeriodicalIF":7.9,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143548267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
扫码关注我们
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号