Economic Analysis and Policy最新文献_第5页

Digital infrastructure and industrial decarbonization: evidence from the dual perspectives of green innovation and digital coordination in China 数字基础设施与工业脱碳：来自中国绿色创新和数字协调双重视角的证据

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-01-21 DOI: 10.1016/j.eap.2026.01.040

Hewen Gao , Fei Li , Jinhua Zhang , Weilin Shi , Yu Sun

Tackling climate change requires profound industrial decarbonization, where digital infrastructure is envisioned as a key enabler. However, the micro-foundations and meso‑level channels through which it operates remain underexplored. Utilizing a unique dataset of 985 Chinese listed industrial firms (2014–2022) matched with city-level data, this study investigates how digital infrastructure affects corporate carbon emission intensity. We propose and test a dual-channel mechanism: enhancing firms' green innovation capacity and fostering industry-wide digital coordination efficiency. Our extended timeframe captures firm behavior before and after the announcement of China's 'Dual Carbon' goals in 2020, offering a unique quasi-experimental setting to examine the policy's reinforcing effect. Our findings, robust to instrumental variable and quasi-natural experiment approaches, confirm that digital infrastructure significantly reduces emission intensity. The mediation analysis validates that both corporate green innovation and industry digital coordination are significant transmission channels. Furthermore, we identify a negative moderating effect of city size and notable heterogeneity across firm types and industries—most notably, a potential 'rebound effect' in technology-intensive sectors. This study makes three primary contributions. First, by shifting the analytical focus from the provincial to the city level and establishing a direct link between urban digital infrastructure and firm-level conduct, we provide more precise and granular micro-evidence that mitigates potential aggregation biases. Second, we theoretically elaborate and empirically test a dual-channel mechanism, incorporating both the micro-foundation of corporate green innovation and the meso‑level channel of industry digital coordination, thereby systematically unpacking the 'black box' of digital decarbonization. Third, methodologically, we pioneer the measurement of industry digital coordination efficiency using input-output tables, offering a novel and replicable approach for future multi-level research on digital economy externalities.

应对气候变化需要深度的工业脱碳，其中数字基础设施被设想为关键的推动因素。然而，其运作的微观基础和中观渠道仍未得到充分探索。本研究利用985家中国工业上市公司（2014-2022）的独特数据集与城市数据相匹配，研究了数字基础设施对企业碳排放强度的影响。我们提出并验证了一个双通道机制：提高企业绿色创新能力和促进全行业数字协调效率。我们延长的时间框架捕捉了中国在2020年宣布“双碳”目标之前和之后的企业行为，提供了一个独特的准实验环境来检验政策的强化效果。我们的研究结果对工具变量和准自然实验方法具有鲁棒性，证实了数字基础设施显著降低了排放强度。中介分析验证了企业绿色创新和行业数字化协调都是重要的传播渠道。此外，我们还发现了城市规模的负调节效应，以及企业类型和行业之间的显著异质性——最值得注意的是，技术密集型行业存在潜在的“反弹效应”。这项研究有三个主要贡献。首先，通过将分析重点从省级转移到城市层面，并在城市数字基础设施与企业层面行为之间建立直接联系，我们提供了更精确、更细粒度的微观证据，从而减轻了潜在的聚集偏差。其次，结合企业绿色创新的微观基础和行业数字化协调的中观渠道，从理论上阐述和实证检验了一种双通道机制，从而系统地打开了数字化脱碳的“黑箱”。第三，在方法上，我们率先使用投入产出表来衡量行业数字协调效率，为未来数字经济外部性的多层次研究提供了一种新颖且可复制的方法。

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引用次数: 0

The role of government procurement in enhancing energy firms’ productivity: An empirical analysis 政府采购在提高能源企业生产率中的作用：一个实证分析

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-02-22 DOI: 10.1016/j.eap.2026.02.018

Xiaoping Li , Muci Yan , Xiaohang Ren , Farhad Taghizadeh-Hesary

This study conducts a comprehensive examination of the influence of government procurement on the total factor productivity (TFP) of Chinese energy listed firms from 2015 to 2022. Our analysis examines a significant positive impact of government procurement on TFP, and this effect is particularly pronounced among large, private, high-tech and low-polluting enterprises. Notably, we find that green innovation and market competition strengthens the positive relationship between procurement and TFP. Government procurement and subsidies, rather than tax incentives, exert a positive synergistic effect on improving total factor productivity. Additionally, government procurement suppresses rent-seeking. This research offers empirical insights into optimizing government procurement policies and holds implications for fostering sustainable growth in the energy industry.

本文对2015 - 2022年政府采购对我国能源上市公司全要素生产率（TFP）的影响进行了全面考察。我们的分析考察了政府采购对全要素生产率的显著积极影响，这种影响在大型、私营、高科技和低污染企业中尤为明显。值得注意的是，我们发现绿色创新和市场竞争强化了采购与全要素生产率之间的正相关关系。政府采购和补贴对提高全要素生产率的正向协同效应大于税收优惠。此外，政府采购抑制寻租。本研究为优化政府采购政策提供了实证见解，并对促进能源行业的可持续增长具有启示意义。

引用次数: 0

Agricultural subsidy policy reform and rural digital economic transformation: Evidence from China 农业补贴政策改革与农村数字经济转型：来自中国的证据

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-01-21 DOI: 10.1016/j.eap.2026.01.041

Chenze Zhao , Chibo Chen , Zhisheng Ma

Rural digital economic transformation has become an important component in promoting agricultural modernization and rural revitalization. This paper focuses on the impact of agricultural subsidy policy reform on rural digital economic transformation in China. Using panel data from prefecture-level cities across China, the study applies the difference-in-differences (DID) model to explore the causal effects of agricultural subsidy policy reform on rural digital economic transformation. The results show that agricultural subsidy policy reform significantly promotes rural digital economic transformation, and this conclusion holds after a series of robustness checks. Mechanism analysis reveals that agricultural subsidy policy reform drives rural digital economic transformation through promoting agricultural mechanization, fostering new agricultural business entities, and reducing the urban-rural income gap. Furthermore, the study finds significant heterogeneity in the effects of agricultural subsidy policy reform. The results show that the positive effects of the policy are relatively stronger in coastal cities and non-transport hub cities, while no significant differences are observed between cities of different sizes or those classified as old industrial base cities. This study provides theoretical insights for policymakers and serves as a basis for using agricultural subsidy policies to promote the comprehensive digitalization of rural economies.

农村数字经济转型已成为推进农业现代化和乡村振兴的重要组成部分。本文主要研究农业补贴政策改革对中国农村数字经济转型的影响。本文利用中国地级市面板数据，运用差异中差异（DID）模型探讨农业补贴政策改革对农村数字经济转型的因果效应。结果表明，农业补贴政策改革显著促进了农村数字经济转型，这一结论经过一系列稳健性检验后成立。机制分析表明，农业补贴政策改革通过促进农业机械化、培育新型农业经营主体、缩小城乡收入差距等三个方面推动农村数字经济转型。此外，研究发现农业补贴政策改革的效果存在显著的异质性。结果表明，政策的积极效应在沿海城市和非交通枢纽城市中相对较强，而在不同规模的城市和老工业基地城市之间没有显著差异。本研究为政策制定者提供了理论见解，并为利用农业补贴政策促进农村经济全面数字化提供了依据。

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引用次数: 0

The role of deep regional trade agreements in enhancing supply chain resilience: Evidence from the Asia-Pacific 深层区域贸易协定在增强供应链弹性方面的作用：来自亚太地区的证据

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-01-28 DOI: 10.1016/j.eap.2026.01.052

Chunjiao Yu , Xuhuan Hu

Although existing studies have examined various drivers of supply chain resilience, including global trade tensions, the impact of regional trade agreements (RTAs) in the Asia-Pacific region has received limited empirical attention. Using data from APEC economies over 1995–2017, this study investigates how deepening RTAs enhance supply chain resilience across Asia–Pacific economies. The results indicate that deeper RTAs significantly strengthen supply chain resilience by improving institutional quality and reducing trade costs. These effects are more pronounced for multilateral RTAs and those containing “WTO-X” provisions, and are further amplified by stronger political ties. The positive impacts are particularly evident in East Asia and in settings characterized by intra-industry specialization. Moreover, the significant cross-regional spillover effects suggest that deepening Asia–Pacific RTAs bolster supply chain resilience both within and beyond the region. These findings offer important policy insights into promoting resilient supply chains through deeper regional integration in the Asia–Pacific.

尽管现有研究考察了供应链弹性的各种驱动因素，包括全球贸易紧张局势，但亚太地区区域贸易协定（rta）的影响受到的实证关注有限。本研究利用1995-2017年亚太经合组织经济体的数据，探讨了深化区域贸易协定如何增强亚太经济体的供应链弹性。结果表明，深度区域贸易协定通过提高制度质量和降低贸易成本显著增强供应链弹性。这些影响对于多边区域贸易协定和包含“WTO-X”规定的区域贸易协定更为明显，并因更强的政治关系而进一步扩大。积极影响在东亚和以行业内专业化为特点的环境中尤其明显。此外，显著的跨区域溢出效应表明，深化亚太区域贸易协定可增强区域内外的供应链弹性。这些发现为通过深化亚太地区一体化促进弹性供应链提供了重要的政策见解。

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引用次数: 0

How does agricultural modernization promote common prosperity? Evidence from non-agricultural transformation and digital infrastructure 农业现代化如何促进共同富裕？来自非农业转型和数字基础设施的证据

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-01-15 DOI: 10.1016/j.eap.2026.01.029

Yiru Chen , Yaojia Liang , Jiacan Gong , Wei Liu

This paper examines the impact of agricultural modernization on common prosperity in China and uncovers the mechanisms through which modernization promotes inclusive and equitable development. Using provincial panel data from 2011 to 2023, the study constructs a comprehensive agricultural modernization index and a multidimensional common prosperity index to analyze both direct and indirect effects. The results demonstrate that agricultural modernization significantly advances common prosperity by improving agricultural productivity, increasing farmers’ income, and enhancing rural living standards. Further analysis identifies non-agricultural income and non-agricultural employment as critical mediating channels through which modernization facilitates income diversification and labor mobility, thereby narrowing urban–rural income gaps. In addition, digital infrastructure plays a significant moderating role, amplifying the positive effects of agricultural modernization by improving production efficiency, expanding non-agricultural job opportunities, and strengthening the inclusiveness of economic growth. Robustness tests using propensity score matching, the Heckman two-stage model, and lagged variable estimation confirm the stability of the results. Overall, the findings highlight that agricultural modernization not only contributes to economic growth but also enhances income redistribution and social welfare, laying a solid foundation for achieving common prosperity. Policy efforts should therefore focus on promoting coordinated development between agricultural and non-agricultural sectors, expanding digital infrastructure in rural areas, and improving the inclusiveness and sustainability of agricultural modernization.

本文考察了中国农业现代化对共同富裕的影响，揭示了现代化促进包容与公平发展的机制。利用2011 - 2023年的省级面板数据，构建农业综合现代化指数和多维共同富裕指数，分析直接影响和间接影响。研究结果表明，农业现代化通过提高农业生产率、增加农民收入和改善农村生活水平，显著促进了共同富裕。进一步分析发现，非农业收入和非农就业是现代化促进收入多样化和劳动力流动的关键中介渠道，从而缩小城乡收入差距。此外，数字基础设施发挥着显著的调节作用，通过提高生产效率、扩大非农就业机会、增强经济增长的包容性，放大了农业现代化的积极效应。稳健性检验使用倾向得分匹配，Heckman两阶段模型和滞后变量估计证实了结果的稳定性。总体而言，研究结果突出表明，农业现代化不仅有助于经济增长，而且有助于收入再分配和社会福利，为实现共同富裕奠定坚实的基础。政策重点应放在促进农业和非农协调发展，扩大农村数字化基础设施建设，提高农业现代化建设的包容性和可持续性上。

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引用次数: 0

Talent subsidy policy and low-carbon innovation: Evidence from China 人才补贴政策与低碳创新：来自中国的证据

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-02-10 DOI: 10.1016/j.eap.2026.02.006

Ling Wang , Yuan Li , Xiaoqiang Huang , Long Wang

The establishment of the talent subsidy policy represents a significant initiative in driving China’s sustainable development. Its primary objective is to provide financial support for talent projects and facilitate enterprises in attracting high-quality talent for achieving low-carbon development. However, the effect of talent subsidy policy on the low-carbon innovation of enterprises remains uncertain. To bridge this gap, this research adopts China’s listed firm-level data and examines how the talent subsidy policy affects the low-carbon innovation of enterprises. We observe that this talent subsidy policy promotes firms’ low-carbon innovation. Mechanism analysis indicates that this talent subsidy policy bolsters firms’ low-carbon innovation by mitigating financing constraints, enhancing green transformation, and improving the signaling effect. The heterogeneity analysis indicates that this positive effect is especially significant for non-state-owned enterprises (non-SOEs), companies operating within high-tech sectors, firms led by CEOs with academic backgrounds, and businesses located in regions with limited credit access. These findings provide valuable insights for other economies seeking to promote low-carbon transitions through talent-driven policies.

人才补贴政策的出台是推动中国可持续发展的重大举措。其主要目的是为人才项目提供资金支持，帮助企业吸引优质人才，实现低碳发展。然而，人才补贴政策对企业低碳创新的影响仍不确定。为了弥补这一差距，本研究采用中国上市公司层面的数据，考察人才补贴政策对企业低碳创新的影响。我们观察到，人才补贴政策促进了企业的低碳创新。机制分析表明，人才补贴政策通过缓解融资约束、促进绿色转型、提高信号效应等方式促进企业低碳创新。异质性分析表明，这种正向效应对非国有企业、高科技行业企业、具有学术背景的ceo领导的企业以及位于信贷渠道有限地区的企业尤为显著。这些发现为寻求通过人才驱动政策促进低碳转型的其他经济体提供了宝贵的见解。

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引用次数: 0

Taxing the rich in Latin America: Effects of a wealth tax on revenue and distribution 向拉丁美洲的富人征税：财产税对收入和分配的影响

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-02-24 DOI: 10.1016/j.eap.2026.02.016

Mauricio De Rosa, Joan Vilá

Wealth inequality is increasing around the world, sparking political and academic debate about whether and how to address it; hence, a wealth tax is back in the discussion. Evidence about the distribution of wealth in Latin America is relatively scarce but is growing, pointing at an extreme concentration of wealth. Could a wealth tax help reduce this inequality? How much revenue could it actually raise? We combine wealth surveys, lists of billionaires, and net wealth macro-aggregates to simulate the distributional effects of different designs for a wealth tax in Mexico, Colombia, Chile and Uruguay. We also account for administrative costs and behavioural responses, based on the literature, to assess the tax’s capacity to raise revenue and illustrate some of the trade-offs to be considered. The estimates of the distributional effects of such taxation are modest in the short run. In addition, our benchmark revenue estimate, which takes into account behavioural responses, indicates that a 1% tax on the top 1% of the wealthiest households would raise on average 0.9% of the GDP in revenue. Different designs of this tax (both in terms of rates and tax base) and assumptions regarding behavioural responses change the projected revenue, but the orders of magnitude involved suggest that wealth taxes could indeed help raise much-needed revenue in the region.

世界各地的财富不平等正在加剧，引发了关于是否以及如何解决这一问题的政治和学术辩论；因此，财富税又回到了讨论中。关于拉丁美洲财富分布的证据相对较少，但越来越多，表明财富极度集中。征收财富税能帮助减少这种不平等吗？它实际能增加多少收入？我们将财富调查、亿万富翁名单和净财富宏观总量结合起来，模拟墨西哥、哥伦比亚、智利和乌拉圭不同财富税设计的分配效应。根据文献，我们还考虑了行政成本和行为反应，以评估税收增加收入的能力，并说明了一些需要考虑的权衡。在短期内，对这种税收的分配效应的估计是温和的。此外，考虑到行为反应，我们的基准收入估计表明，对最富有的1%的家庭征收1%的税，平均会增加GDP的0.9%的收入。这种税的不同设计（在税率和税基方面）以及对行为反应的假设会改变预计的收入，但所涉及的数量级表明，财富税确实可以帮助该地区增加急需的收入。

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引用次数: 0

Innovation breakthrough under resource constraints: Is data assetization the new game-changer? 资源约束下的创新突破：数据资产化是新的游戏规则改变者吗？

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-02-11 DOI: 10.1016/j.eap.2026.02.015

Yujue Wang , Yuting Liang , Lin Li , Jingying Zhang

Against the backdrop of global climate governance and China's dual carbon goals, corporate green management innovation has become pivotal to achieving sustainable development. This paper examines the relationship between data assetization and green management innovation from a resource allocation perspective, further testing the mediating mechanism through which data assetization influences corporate green management innovation. Findings reveal: (1) Data assetization significantly enhances corporate green management innovation. (2) Data assetization enhances green management innovation by improving external constraints through internal incentives and increased information transparency, while also reducing agency costs via green technological innovation. (3) Heterogeneity tests indicate that this promotional effect is more pronounced in technology-intensive enterprises, firms with better ESG performance, and companies with higher internal control quality. This study provides theoretical and empirical foundations for understanding how data assetization empowers green innovation management, while offering practical insights for enterprises pursuing sustainable development through data assetization.

在全球气候治理和中国双碳目标的背景下，企业绿色管理创新已成为实现可持续发展的关键。本文从资源配置的角度考察了数据资产化与绿色管理创新的关系，进一步检验了数据资产化影响企业绿色管理创新的中介机制。研究发现：(1)数据资产化显著促进企业绿色管理创新。(2)数据资产化通过内部激励和提高信息透明度改善外部约束，促进绿色管理创新，同时通过绿色技术创新降低代理成本。(3)异质性检验表明，这种促进效应在技术密集型企业、ESG绩效较好的企业和内部控制质量较高的企业中更为明显。本研究为理解数据资产化如何赋能绿色创新管理提供了理论和实证基础，同时也为企业通过数据资产化实现可持续发展提供了实践见解。

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引用次数: 0

Corrigendum to “Jump further or climb higher? Impact of different export upgrading strategies on exporter survival” [Econ. Anal. Policy 88 (2025) 2098-2115] “跳得更远还是爬得更高？”不同出口升级策略对出口商生存的影响[j]。分析的。政策88 (2025)2098-2115]

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-01-29 DOI: 10.1016/j.eap.2026.01.065

Yi Zhou , Xianjuan Chen , Donghan Zou

引用次数: 0

Dual pathways to innovation in the age of digitalization: How the digital silk road transforms quality and quantity of innovation in member countries and China 数字化时代创新的双重路径：数字丝绸之路如何改变成员国和中国创新的质量和数量

IF 8.7 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy

Pub Date : 2026-03-01 Epub Date: 2026-02-24 DOI: 10.1016/j.eap.2026.02.020

Faezeh Zareian Baghdad Abadi , Weili Liu

Nowadays, the digital economy serves as a major driver of socio-economic development and a key accelerator of innovation, particularly within the Digital Silk Road (DSR) initiative. Accordingly, this study investigates how digital trade through the Digital Silk Road (DSR) affects innovation quantity and quality, and also examines how digital industrialization and digital inclusion moderate this relationship. Using data from 2010 to 2023, an integrated empirical framework combining propensity score matching with multi period difference-in-differences (PSM-DiD) approach is applied to DSR member countries and the host country, China. The current research declares the following findings. First, the digital trade in DSR countries increases the quantity of innovation (patent applications) while the quality of innovation (knowledge and technology outputs index) is economically and statistically larger in magnitude. Second, digital inclusion and digital industrialization are key positive moderators. Third, the heterogeneity analysis stated that the quality of innovation is more pronounced in the non-Asian regions, high-level economic development countries, or high-marketization-level countries. In China, innovation quantity (patent authorizations, trademark ownership) has risen sharply, while innovation quality shows mixed effects: digital trade via DSR boosts new product revenue but negligibly impacts high-tech exports. This study advances the literature by jointly evaluating both innovation quantity and quality, and providing a systematic comparison between DSR member countries and China. Based on the results obtained, related policy recommendations emphasize that strengthening digital economy through improved digital infrastructure, regulatory frameworks, and innovation supporting mechanisms with emphasis on prioritizing innovation quality. Additionally, fostering public–private collaboration is crucial for efficient resource allocation and sustainable innovation outcomes.

当前，数字经济已成为社会经济发展的重要动力和创新的重要加速器，特别是在“数字丝绸之路”倡议中。因此，本研究探讨了数字丝绸之路的数字贸易如何影响创新的数量和质量，以及数字工业化和数字包容如何调节这一关系。利用2010 - 2023年的数据，将倾向得分匹配与多期差中差（PSM-DiD）方法相结合的综合实证框架应用于DSR成员国和东道国中国。目前的研究宣布了以下发现。首先，DSR国家的数字贸易增加了创新的数量（专利申请），而创新的质量（知识和技术产出指数）在经济和统计上都更大。第二，数字包容和数字工业化是关键的正向调节因子。第三，异质性分析表明，创新质量在非亚洲地区、经济发展水平较高的国家或市场化程度较高的国家更为明显。在中国，创新数量（专利授权、商标拥有量）大幅上升，而创新质量呈现混合效应：通过DSR进行的数字贸易增加了新产品收入，但对高技术产品出口的影响微乎其微。本研究通过对创新数量和创新质量进行联合评价，并对DSR成员国与中国的创新进行系统比较来推进文献研究。根据所得结果，相关政策建议强调通过改善数字基础设施、监管框架和创新支持机制来加强数字经济，重点是优先考虑创新质量。此外，促进公私合作对于有效的资源配置和可持续的创新成果至关重要。

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引用次数: 0