Structural Change and Economic Dynamics最新文献

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Do low-carbon city pilots promote carbon equality? From the perspective of regional fairness

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-27 DOI: 10.1016/j.strueco.2025.02.017

Tong Feng , Xiaomin Wang , Nan Wang , Jie Ma , Zhenni Chen , Qiang Tu , Qun Li

The Low-Carbon City Pilot (LCCP) policy is central to China's strategy for reducing carbon emissions and promoting sustainable development. This study introduces a dual-framework approach to carbon equality, distinguishing between economic and ecological dimensions. Using a difference-in-differences (DID) methodology, the analysis covers prefecture-level cities in China from 2006 to 2019. Results indicate that the LCCP significantly enhanced economic and ecological carbon equality by 9.2 % and 8.4 %, respectively. Mechanism analysis identifies technological innovation, energy consumption, and renewable energy as key moderating factors, in line with the Porter hypothesis. Green patents and renewable energy enhance the LCCP's effects on carbon sequestration, economic growth, and emissions reduction. High energy consumption limits the policy's impact, but the LCCP improves energy efficiency, especially in energy-intensive cities. Heterogeneity analysis reveals stronger effects in economically developed cities and eastern China. This study offers valuable insights into how LCCP can promote regional fairness across economic and ecological contexts.

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引用次数: 0

Cross-border R&D, absorptive capacity and innovation performance

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-26 DOI: 10.1016/j.strueco.2025.02.010

Tingzhu Li , Debin Du

In the process of innovation, the importance of utilizing external knowledge by countries has gradually been recognized. Against the backdrop of economic globalization, accessing and absorbing external knowledge through cross-border R&D has become a significant means for both countries and enterprises to enhance innovation performance. Within the increasingly frequent global network structure formed by cross-border R&D investments, national innovation performance is jointly influenced by external network relations and absorptive capacity. Combining network theory and absorptive capacity theory, this paper portrays the global cross-border R&D investment network structure, empirically examines the relationship between network position, absorptive capacity, and innovation performance using panel data consisting of 16060 cross-border R&D investment projects spanning from 2003 to 2020. The results indicate that global cross-border R&D investments have formed a complete topological network structure characterized by a core-periphery feature, indicating heterogeneous distribution of countries’ positions in the network. Countries in different positions exhibit varying impacts of cross-border R&D on innovation performance. Countries with higher node strength and richer structural holes tend to have higher innovation output. Additionally, absorptive capacity plays a positive moderating role between network position and innovation performance, although this role varies heterogeneously between developed and developing countries. This research serves as a valuable theoretical resource for guiding the design of cross-border R&D and innovation policies.

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引用次数: 0

Commodity import price rising and production stability of Chinese firms

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-22 DOI: 10.1016/j.strueco.2025.02.009

Hao Wei , Yuan Liu

Using Chinese Industrial Enterprise data, we examine the impacts of rising commodity import prices on the production activities of Chinese enterprises. We find that increases in commodity import prices lead to a decline in production growth rates and an increase in both short-term and long-term production volatility. The underlying mechanisms of these effects include increasing production costs, an increase in inventories of non-manufactured goods, and a reduction in product competitiveness. Notably, we find that import price increases for essential raw materials, energy, and chemical commodities, as well as those with high import dependence, exert a more significant influence on production volatility. Moreover, supply-side structural reforms and the Belt and Road Initiative prove beneficial in mitigating the adverse effects of rising commodity import prices on Chinese enterprises' production. However, the Russia-Ukraine crisis adversely impacts Chinese enterprises' production by pushing up international commodity prices. Our study offers valuable insights into the transmission of international risks and their ramifications for the production of domestic enterprises in China. The conclusions derived from our research are essential for guiding Chinese enterprises in mitigating external risks and preserving production stability.

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引用次数: 0

Income inequality in times of high inflation in Europe

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-21 DOI: 10.1016/j.strueco.2025.02.011

Massimo Aprea, Michele Raitano

In inequality studies economic wellbeing is usually measured in terms of nominal incomes, which are compared over time by using a uniform price index. This prevents from adequately taking account of the effects of inflation on the distribution of living standards. To overcome these limits, we propose to consider income net of the spending for basic goods as the proxy of economic wellbeing. Such approach allows to account for the impact on inequality of the heterogeneity in the share of income spent for these goods and in the inflation rates across goods. We test this approach through an empirical exercise for 5 major EU countries, based on the 2020 wave of the EU-SILC which records household spending for food. Referring to inflation rates occurred in 2020–2023, we investigate: i) the changes of inequality when income net of food spending is considered as the proxy of economic wellbeing; ii) the ‘direct’ change of inequality when food price increases; iii) the capacity of a ‘uniform’ rise in incomes to counteract the effects of an increase in food price. We find that inequality largely increases when incomes are considered net of the spending for food and when such spending is inflated and this effect is driven by the declining ratio between food spending and household income along the income distribution. Inequality also rises if all incomes increase according to the average inflation rate, because of the higher relative spending of poorer households on a good, such as food, characterised by a higher-than-average inflation rate.

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引用次数: 0

Robot, trade and employment: Unravelling the relationship within the European context

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-15 DOI: 10.1016/j.strueco.2025.02.004

Chiara Franco , Francesco Suppressa

The paper deals with the effects that robot adoption in a country may generate in other trade-related countries. We concentrate on the Top 5 European economies as robot adopters over the period from 1995 to 2018 (Italy, Germany, France, Spain, UK) by testing whether robot adoption affects employment dynamics also beyond borders. To reach this goal we develop a composite indicator that captures both the penetration of industrial robots within these economies and the export reliance of other European nations on them. Our findings show a positive association between Top 5 robot adoption and several measures of employment outcomes in other European countries even though this result is mainly driven by low income countries. We thus infer empirically the prevalence of a productivity effect as opposed to a reshoring effect within the highly integrated European market.

引用次数: 0

The impact of supply chain digitization on the carbon emissions of listed companies—A quasi-natural experiment in China

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-13 DOI: 10.1016/j.strueco.2025.02.007

Chenyu Meng , Yongsheng Lin

Integrating digital technology into supply chain development strengthens supply chain digitization, improving technical communication and transparency at various nodes. This study examines the effect of supply chain digitization on the carbon emissions of listed companies and their transmission mechanisms, leveraging the quasi-natural experiment of China's 2018 Supply Chain Innovation and Application pilot policy. The findings reveal that implementing supply chain digitization led to a 5.4% reduction in carbon emissions in pilot companies compared with nonpilot counterparts, according to 2012–2022 data on 2,828 listed companies. Mechanism analysis indicates that supply chain digitization achieves emission reductions mainly by facilitating green technological innovation and alleviating information asymmetry. Heterogeneity analysis reveals more potent effects in central regions, resource-rich areas, firms with concentrated supply chains, long inventory turnover, and high-tech or heavily polluting industries. This study offers valuable insights for optimizing policies to strengthen supply chain digitization and assist companies in reducing their carbon emissions.

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引用次数: 0

Legal gender equality as a catalyst for convergence

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-12 DOI: 10.1016/j.strueco.2025.02.003

Can Sever

Despite the remarkable progress toward gender equality in the law over the last five decades, the legal environment across the world is still far from providing a level playing field for women. Based on a global sample since the 1970s, this paper finds that greater gender equality in the law facilitates cross-country income convergence over time. The results call for action and provide a reason to be optimistic. The findings imply that legal reforms supportive of gender equality, which could indeed be actionable in the shorter term, help poorer countries catch up with the living standards in the advanced economies. This offers a window of opportunity to set the stage for an inclusive and sustainable growth path in the post-Covid-19 period, given the adverse effects of the pandemic on economic growth and gender gaps.

引用次数: 0

China's import competition, innovation strategies, and the role of unions

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-10 DOI: 10.1016/j.strueco.2025.02.006

Alessia Matano , Paolo Naticchioni

This paper investigates the relationship between China's import competition and the innovation strategies of domestic firms. Using firm level data from Italy spanning 2005–2010 and employing IV fixed effects estimation techniques, we find that the impact of China's import competition on innovation varies depending on the type of goods imported (intermediate vs. final). Specifically, imports of final goods boost both product and process innovation, while imports of intermediate goods reduce both. Additionally, we extend the analysis to consider the role of unions in moderating these responses. We find that, in unionized firms, imports' impact on innovation is mitigated, specifically to protect workers' employment prospects.

引用次数: 0

The impact of 2008 tax reform on profit shifting of foreign enterprises in China

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-08 DOI: 10.1016/j.strueco.2025.02.005

Mantian Xue, Ge Yan

This paper evaluates the policy effect of the 2008 tax reform on profit shifting of foreign enterprises in China. Employing the micro data from the China Industrial Enterprise Database between 2001 and 2015, the comparison between the pre-tax margin of newly established foreign enterprises which were tentatively and relatively unaffected by the 2008 tax reform and that of the long-standing enterprises shows that, the anti-avoidance rules were not sufficient enough to offset the increased profit shifting motivation of foreign enterprises after 2008. However, the impact of the anti-avoidance rule against thin capitalization on the pre-tax margin was far greater than that against the intangible assets transaction, though not great enough to reverse the overall impact.

引用次数: 0

Multi-factor, multi-country testing of the Heckscher-Ohlin theorem without factor price equalization: A critical view

IF 5 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics

Pub Date : 2025-02-05 DOI: 10.1016/j.strueco.2025.02.002

Pablo R. Liboreiro

Several recent empirical studies conclude that there is evidence in favour of a version of the Heckscher-Ohlin theorem that dispenses with the assumption of factor price equalization. However, many of these studies base their conclusions on small data sets, relating to one or two factors and a not very high level of disaggregation by industry. Moreover, the studies do not always take into account international differences in factor efficiency. In the present study, the Heckscher-Ohlin model is tested by considering data available in the World Input-Output Database (2016 release) for 7 factors, 56 industries and 40 countries plus a composite ‘country’ comprising the rest of the world, and by measuring factor use in efficiency units. Analysing this data sample, it is found that the capital and skill content of trade is only weakly correlated with countries’ factor abundance. This correlation is weaker when international differences in factor use are adjusted for relative factor efficiency and when the level of industry disaggregation increases. Paradoxically, this is not the case for the energy and emissions content of trade.

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引用次数: 0

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