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Does Industry Agglomeration Attract Productive Firms? The Role of Product Markets in Adverse Selection 产业集聚吸引生产性企业吗?产品市场在逆向选择中的作用
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2025-02-10 DOI: 10.1111/jors.12758
René Belderbos, Kyoji Fukao, Kenta Ikeuchi, Young Gak Kim, Hyeog Ug Kwon

The literature has produced mixed findings on the relationship between industry agglomeration and firm-level productivity where it concerns the self-selection of productive firms into locations characterized by different levels of industry agglomeration. We argue that the nature of this self-selection crucially depends on whether incumbent and entrant firms compete on the same market. Adverse selection of less productive firms into a location only dominates if knowledge spillovers in agglomerated locations are harmful to productive entrants: when the entrant and local incumbents target the same (domestic) product market and the entrant risks losing market share and profits. We find evidence for this notion in analysis of location decisions for new plants at the fine-grained geographical level in Japan by firms with known productivity records in the industry (multi-plant firms). We conclude that sorting processes do occur, but that the nature of these processes can only be uncovered in analysis that considers competition on product markets and accurate measures of firm heterogeneity in productivity.

在产业集聚与企业生产率之间的关系上,文献得出了不同的结果,其中涉及到生产企业对不同产业集聚水平特征的区位的自我选择。我们认为,这种自我选择的本质关键取决于在位企业和进入企业是否在同一市场上竞争。只有当集聚地区的知识溢出对生产性进入者有害时,低生产率企业的逆向选择才会占据主导地位:当进入者和当地现有企业的目标是相同的(国内)产品市场,而进入者面临失去市场份额和利润的风险。我们在日本细粒度地理水平的新工厂选址决策分析中发现了这一概念的证据,这些新工厂是由行业中已知生产率记录的公司(多工厂公司)决定的。我们得出的结论是,分类过程确实发生,但这些过程的性质只能在考虑产品市场竞争和企业生产率异质性的准确测量的分析中发现。
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引用次数: 0
Analysis of the Northeast Constitutional Financing Fund (FNE) on Municipal Economic Indicators in the Period 2010–2020 东北宪政融资基金对2010-2020年城市经济指标的影响分析
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2025-02-05 DOI: 10.1111/jors.12759
Kerlen Andrade Do Monte, Guilherme Irffi, Felipe de Sousa Bastos, Diego Rafael Fonseca Carneiro

This paper aims to evaluate the effects of the Constitutional Fund for Financing the Northeast (FNE) on the regional economy during the period from 2010 to 2020. To achieve this objective, we used the Generalized Propensity Score (GPS) econometric methodology, applying the analysis of dose–response functions proposed by Imbens (2000) and Hirano and Imbens (2004). We found evidence of positive and increasing impacts on the economic indicators of the municipalities benefiting from the FNE. Notably, we observed significant effects on Average Income, GDP per capita and Wage Mass when the resources were directed to women and legal entities. The results also suggest that there is some heterogeneity in the effect of the FNE according to the magnitude of the volume of credit contracted, with the exception of Average Income, which does not show an effect when the resources were contracted by women. In the case of total transfers, positive impacts on average income, GDP per capita and wage mass were observed only in the last levels of treatment. In summary, we can infer that FNE resources have a positive impact on the economic indicators of municipalities with higher contracted values.

本文旨在评价2010 - 2020年宪法东北融资基金对东北地区经济的影响。为了实现这一目标,我们使用了广义倾向评分(GPS)计量经济学方法,应用了Imbens(2000)和Hirano and Imbens(2004)提出的剂量-反应函数分析。我们发现有证据表明,受益于FNE的城市的经济指标受到了积极且日益增加的影响。值得注意的是,我们观察到,当资源用于妇女和法人实体时,对平均收入、人均国内生产总值和工资质量产生了显著影响。结果还表明,除了平均收入外,根据所承包的信贷数量的大小,FNE的影响存在一些异质性,平均收入在妇女承包资源时没有显示出影响。就全部转移而言,对平均收入、人均国内总产值和工资质量的积极影响只在最后一级的待遇中观察到。综上所述,我们可以推断FNE资源对承包值较高的城市的经济指标有积极影响。
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引用次数: 0
Did You Miss the Ride? Housing Boom and Household Wealth in China 你错过了旅程吗?中国的房地产繁荣与家庭财富
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2025-02-04 DOI: 10.1111/jors.12747
Hongliang Sun, Youmeng Wu, Xianzhu Wang, Rui Wang

In the two decades following housing privatization, housing quickly dominated Chinese urban household wealth growth and inequality. We test hypotheses derived from a housing investment production function in China's unique context against multiyear microdata. During 2011–2019, housing wealth of different birth cohorts followed disparate paths, with clear spatial, socioeconomic and social identity-based polarization. The biggest winners in China's housing boom were the well-educated in superstar cities. 5%–10% of the young homeowners born since the late 1970s, especially those born since mid-1980s, seem most vulnerable in a housing bust or when facing a negative income shock.

在住房私有化后的二十年里,住房迅速主导了中国城市家庭财富的增长和不平等。我们对中国独特背景下的住房投资生产函数的假设进行了检验,并对比了多年的微观数据。2011-2019年,不同出生群体的住房财富呈现出明显的空间、社会经济和社会身份极化。中国房地产繁荣的最大赢家是那些在超级城市受过良好教育的人。在20世纪70年代末之后出生的年轻房主中,有5%-10%的人,尤其是那些80年代中期之后出生的人,在房地产泡沫破裂或面临负收入冲击时似乎最脆弱。
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引用次数: 0
Building Bridges or Forging Bonds? Exploring the Role of Social Capital in the Reception of Ukrainian Refugees in Italy 搭建桥梁还是建立纽带?探讨社会资本在意大利接纳乌克兰难民中的作用
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2025-02-03 DOI: 10.1111/jors.12756
Vincenzo Alfano, Salvatore Ercolano, Marzia Ippolito

In the immediate aftermath of the invasion of Ukraine, over 6 million Ukrainians fled their country to various European countries, including Italy. Various entities in the country, ranging from third-sector organizations to private citizens, expressed their interest in hosting these refugees, with significant subnational heterogeneity. What influenced this varying willingness to be hosts? We aim to provide some preliminary answers to this question by investigating the role of social capital in this heterogeneous response, using a quantitative framework. Our results, obtained through a set of regressions using Fractional Probit estimators, suggest that bonding social capital is associated with greater willingness to host, whereas the opposite is true for bridging social capital. The implications of these findings are discussed.

在入侵乌克兰之后不久,600多万乌克兰人逃离他们的国家,逃往包括意大利在内的各个欧洲国家。该国的各种实体,从第三部门组织到普通公民,都表示有兴趣收容这些难民,但地方差异很大。是什么影响了这种不同的主人意愿?我们的目标是通过使用定量框架调查社会资本在这种异质反应中的作用,为这个问题提供一些初步的答案。我们的结果,通过使用分数概率估计器的一组回归得到,表明结合社会资本与更大的接待意愿相关,而桥接社会资本则相反。讨论了这些发现的意义。
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引用次数: 0
Capturing Inter and Intra Sectoral Productivity Spillovers in Industrial Filière: A System of Dynamic Spatial Panel Data Models 捕捉工业企业部门间和部门内的生产率溢出效应:一个动态空间面板数据模型系统
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2025-02-03 DOI: 10.1111/jors.12757
Silvia Emili, Federica Galli

Given the relevance of spatial and sectoral interactions in shaping the productivity performance of economic systems and filières, in this study, we suggest addressing both aspects by estimating a system of simultaneous dynamic spatial panel data models. This approach allows to consider how the production level of a specific sector is influenced by the performance of other interconnected sectors in the same area (cross-sectoral spillovers) as well as the role of productivity spillovers originating from the same or other sectors in neighbouring territories (inter and intra sectoral spatial effects). The validity of the proposed approach is confirmed through the estimation of a simultaneous system for the production process of the Italian agribusiness filière. The results indicate the existence of meaningful inter-dependences within and between sectors and territories that materialises in spillovers of different natures (input factors, internal and external features), offering valuable policy implications for the overall economic growth of the agriculture filière.

考虑到空间和部门的相互作用在塑造经济系统和经济体的生产力绩效方面的相关性,在本研究中,我们建议通过估算一个同步动态空间面板数据模型系统来解决这两个方面的问题。这种方法可以考虑特定部门的生产水平如何受到同一地区其他相互关联部门的业绩的影响(跨部门溢出效应),以及来自邻近地区同一部门或其他部门的生产率溢出效应的作用(部门间和部门内的空间效应)。通过对意大利农业综合企业fili生产过程的同步系统的估计,证实了所提出方法的有效性。研究结果表明,在不同性质的溢出效应(投入因素、内部和外部特征)中,部门和地区内部和地区之间存在有意义的相互依赖,为农业的整体经济增长提供了有价值的政策启示。
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引用次数: 0
The Impact of Polluters' Cleanup on Land Values: Evidence From Pollution-Intensive Industries in China 污染者清理对土地价值的影响:来自中国污染密集型产业的证据
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2025-01-23 DOI: 10.1111/jors.12753
Xiaofang Dong, Zenghe Huang

This study utilizes geocoded land transaction data and information on industrial polluting firms to examine the impact of pollution-intensive firm cleanup on land values in China. Our findings reveal that land parcels with cleanup of at least one heavy polluting enterprise within a 2 km radius experienced a 15.2% increase in land prices compared to those without cleanup. This effect is more pronounced for parcels situated further from the central business district, designated for commercial use, and located in smaller noncapital cities. The emergence of new clean and high-tech firms, along with population growth post-cleanup, are identified as primary drivers behind the upward trend in land values. However, within 500 meters of a cleanup site, there can be adverse effects on adjacent land, although overall, cleanup boosts land values.

本研究利用地理编码的土地交易数据和工业污染企业信息,考察了污染密集型企业清理对中国土地价值的影响。我们的研究结果表明,半径2公里内清理了至少一家重污染企业的地块,其地价比未清理的地块上涨了15.2%。这种影响在远离中央商务区、被指定为商业用途、位于较小的非首都城市的地块上更为明显。新的清洁和高科技公司的出现,以及清理后的人口增长,被认为是土地价值上升趋势背后的主要驱动因素。然而,在清理地点500米范围内,可能会对邻近的土地产生不利影响,尽管总体而言,清理会提高土地价值。
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引用次数: 0
Population Ageing and Entrepreneurship: Theory and Evidence From OECD Countries 人口老龄化与企业家精神:来自经合组织国家的理论与证据
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2025-01-10 DOI: 10.1111/jors.12754
Rui Zhang, Mengyao Kang

This paper studies how population ageing affects individuals' choice between entrepreneurship and employment with enterprises. We develop a theoretical model where individuals are different in their entrepreneurial ability. A representative worker integrates the professional status of all workers as: (1) a younger worker, (2) an older worker, and (3) a retiree. Entrepreneurs and workers are required to pay taxes to contribute to the pension fund. We find that a higher proportion of the elderly population leads to a lower proportion of individuals choosing to become entrepreneurs because of a higher tax burden. A higher pension replacement rate also discourages individuals from starting a business. Using data from OECD. Stat, Eurostat, and the World Bank database, our empirical results support the model's predictions.

本文研究人口老龄化如何影响个人在创业和企业就业之间的选择。我们开发了一个理论模型,其中个人的创业能力是不同的。代表工人综合了所有工人的职业地位:(1)年轻工人,(2)年长工人,(3)退休人员。企业家和工人被要求纳税以缴纳养老基金。我们发现,老年人口比例越高,个体选择创业的比例越低,因为税负越重。较高的养老金替代率也阻碍了个人创业。使用经合组织的数据。统计局、欧盟统计局和世界银行数据库,我们的实证结果支持模型的预测。
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引用次数: 0
Regional Dependencies and Local Spillovers: Insights From Commuter Flows 区域依赖和局部溢出:来自通勤流的见解
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2025-01-06 DOI: 10.1111/jors.12752
Melanie Krause, Sebastian Kripfganz

A region's growth trajectory is influenced by the economic circumstances of other regions in its proximity. While proximity is often understood in a geographic sense, economic connectivity can take many different forms. In particular, shock transmission processes between regions are inherently asymmetric and heterogeneous, which is not captured by geographic proximity measures. As a potential channel for economic dependencies, we consider cross-regional commuter flows. Commuters, who spend a substantial portion of their income in a different place from where they earn it, connect peripheral regions to economic centers. In an econometric framework, we estimate time-space dynamic panel models with German county-level data. Given those estimates, we demonstrate a considerable variation in the spatial distribution of shock responses from using alternative proxies for spatial dependency, which is hidden by the traditional focus on average marginal effects. Local spatial multipliers differ depending on the nature and origin of the shock and the assumed network structure.

一个地区的增长轨迹受到邻近地区经济环境的影响。虽然邻近性通常从地理意义上理解,但经济连通性可以采取多种不同的形式。特别是,区域之间的冲击传递过程本质上是不对称的和异构的,这是不捕获的地理邻近措施。作为经济依赖的潜在渠道,我们考虑了跨区域通勤流量。通勤者将很大一部分收入花在不同的地方,将周边地区与经济中心连接起来。在计量经济学框架下,我们用德国县级数据估计时空动态面板模型。考虑到这些估计,我们证明了冲击响应的空间分布存在相当大的变化,这是通过使用空间依赖性的替代代理来实现的,这被传统的平均边际效应所掩盖。局部空间乘数的不同取决于冲击的性质和来源以及假设的网络结构。
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引用次数: 0
Organized Crime, Corruption, and Economic Growth 有组织犯罪、腐败与经济增长
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2024-12-30 DOI: 10.1111/jors.12751
Tamara Fioroni, Andrea Mario Lavezzi, Giovanni Trovato

In this paper, we study the relationship between organized crime, corruption, and economic growth on a data set from Italian regions for the period 1996–2013. Our working hypothesis is that organized crime can embezzle part of the public expenditure aimed at productive uses by threatening and bribing public officers. To assess the consequences for regional growth we estimate a finite mixture covariate measurement model and find that the relationship between public expenditure and per capita GDP is characterized by parameter heterogeneity. Specifically, regions are partitioned in clusters identified by the initial level of organized crime. The effect of public expenditure on per capita GDP differs across clusters of regions: in the regions with the higher levels of organized crime public expenditure has a negative effect on per capita GDP, and the estimated share of embezzled public expenditure is higher, amounting to approximately 10% of its book value. Differently, in the regions with lower levels of organized crime the effect of public expenditure on per capita GDP is positive and the estimated share of embezzled public expenditure is lower. The empirical analysis is shown to be consistent with a theoretical growth model à la Barro (1990) augmented by corruption orchestrated by organized crime.

在本文中,我们研究了1996-2013年期间意大利地区的有组织犯罪、腐败和经济增长之间的关系。我们的工作假设是,有组织犯罪可以通过威胁和贿赂公职人员,侵吞部分用于生产用途的公共支出。为了评估对区域增长的影响,我们估计了一个有限混合协变量测量模型,并发现公共支出与人均GDP之间的关系具有参数异质性。具体来说,根据有组织犯罪的初始水平,区域被划分成集群。公共支出对人均国内生产总值的影响因区域群而异:在有组织犯罪水平较高的区域,公共支出对人均国内生产总值产生负面影响,估计被挪用的公共支出份额较高,约占其账面价值的10%。不同的是,在有组织犯罪水平较低的区域,公共支出对人均国内总产值的影响是积极的,估计贪污公共支出的份额较低。实证分析表明,与理论增长模型(la Barro, 1990)一致,该模型由有组织犯罪策划的腐败增强。
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引用次数: 0
The Role of Resident-Place Identification in Mediating Consumption Localism and Mobility Intentions 居住地认同在消费地方主义和流动意向中的中介作用
IF 3.2 3区 经济学 Q1 ECONOMICS Pub Date : 2024-12-29 DOI: 10.1111/jors.12749
Thomas Leicht, Massimo Giovanardi, William Darler, Mihalis Kavaratzis

Residents' personal identification with places (regions, cities, towns, and so on) and with what places are supposed to stand for often determines their place-supportive attitudes and behaviors. However, little is known about how residents' identification with the characteristics of places and their adoption of place-related norms and values specifically affect residential mobility intentions and pro-local consumption tendencies, which are key topics in many spatial development plans and place marketing. The present study addresses this gap in the literature by using a structural equation modeling approach and a cross-place survey in Germany with 612 residents. The findings show that resident-place identification, on the basis of residential need satisfaction, increases residents' intentions to stay in a place and pro-local consumption preferences. These findings suggest that spatial planners and public managers can support the socioeconomic development of cities and regions and increase residents' willingness to stay in a place by strengthening their individual identification with places. We discuss the implications of our findings for the marketing and branding of places.

居民对地方(地区、城市、城镇等)的个人认同,以及对地方应该代表什么的认同,往往决定了他们对地方的支持态度和行为。然而,关于居民对场所特征的认同及其对场所相关规范和价值观的采用如何具体影响居民流动意愿和亲地消费倾向,这是许多空间发展规划和场所营销的关键议题,我们知之甚少。本研究通过使用结构方程建模方法和德国612名居民的跨地调查来解决文献中的这一差距。研究发现,在居住需求满足的基础上,居住地认同增加了居民留在某地的意愿和亲地消费偏好。这些研究结果表明,空间规划者和公共管理者可以通过加强居民对地方的个体认同来支持城市和地区的社会经济发展,提高居民的居住意愿。我们讨论了我们的研究结果对地方营销和品牌的影响。
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引用次数: 0
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Journal of Regional Science
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