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Articles ( Showing 41-60 of 132 items)
Searched for: [ Keywords: "Central Bank Policy" ] clear all
Journal Article
Green Credit Policy, Institution Supply and Enterprise Green Innovation
by Chunji Zheng , Feng Deng , Chengfeng Zhuo  and  Weiheng Sun
Abstract
Green credit policy (GCP) relies on financial means to promote environmental governance. Whether it can achieve the goals of economic development and environmental protection, especially in the context of different institutional supplies, remains to be scientifically tested. Based on the implementation of China’s Green Credit Guidelines in 2012, this study uses panel data [...] Read more

Journal Article
The Policy Relevance of Urban Scaling Laws: A Study on Impervious Ground in German Cities
by Rolf Bergs
Abstract
The expansion of urban infrastructure is an important indicator of agglomeration and a major factor in the deterioration of the urban environment. The investment in urban infrastructure is accompanied by the sealing of ground. The implementation of effective policies to reduce the practice of sealing ground is impeded by the existence of conflicting interests and fiscal disince [...] Read more

Letter
The FED’s Strategy on a Targets-based Monetary Policy Framework
by Florian Gerth  and  Yiyang Bian
Abstract
Major economic and financial contractions usually go hand-in-hand with muted inflation. This has been true for the Great Depression, the Global Financial Crisis, as well as the Covid-19 crisis. In this paper, we theoretically highlight and discuss the evolution of instruments and approaches monetary-policy decision makers at the Federal Reserve have in lifting inflation to desi [...] Read more

Journal Article
COVID-19 and SMEs deposits with commercial banks: evidence from African economies
by Abdulazeez Y.H. Saif-Alyousfi
Abstract
This paper examines the impact of COVID-19 on Small and medium-sized enterprises (SMEs) deposits across 13 African nations from 2016 to 2022, using a seven-year dataset and Ordinary Least Squares estimator. Notably, it uncovers a significant positive link between the pandemic and SMEs deposits, indicating heightened reserves amidst economic uncertainty, potentially driven by ri [...] Read more

Journal Article
Sources of Productivity Growth in the Indonesian Manufacturing Industries
by Martha Primanthi  and  Kaliappa Kalirajan
Abstract
Generating output growth by adding more inputs into the production process may not be sustainable in the long run for any economy, given the limited resources. On the other hand, if productivity growth dominates the production process, it will generate more output without excessive increase in input use. Hence, this paper examines whether the output growth in Indonesia’s [...] Read more
Hit Affiliation:
Arndt Corden Department of Economics, Crawford School of Public Policy, Australian National University, Canberra, Australia

Journal Article
Public Diplomacy and Chinese OFDI: Empirical Evidence from the Africa
by Xinjian Ye , Zhuolin Wu , Shuocong Gu  and  Shikuan Zhao
Abstract
Public diplomacy is a significant factor in promoting policy communication, people-to-people bonds, and the protection of foreign assets between two nations, but there is little research on the economic worth of public diplomacy. Python was used to crawl the daily search frequency of "China", "African countries", and related terms to construct the heat index of China-Africa pub [...] Read more
Hit Affiliation:
School of Public Policy and Administration, Chongqing University, Chongqing, China

Journal Article
Keynesian Without the Policy: Why the Business Cycle is all about Business Confidence and Finance
by Karl Johan Bergstrӧ m
Abstract
Many of Keynes´s ideas and concepts are proven correct in this paper. The demand side, mainly business investments, drives the economy. Business firms steer the business cycle via profit expectations and animal spirits. Injections to and withdrawals from the circular flow of income are multiplied throughout the economy in accordance with Keynes´s multiplier. A sudde [...] Read more

Journal Article
Probability of Achieving NDC and Implications for Climate Policy: CO-STIRPAT Approach
by Ick Jin
Abstract
This paper presents an analytical framework to assess the probability of achieving nationally determined contributions (NDC). The prediction model based on the Kaya identity is used to simulate the pathway of carbon emission until the target year. Applying the modified STIRPAT framework (named CO-STIRPAT) to data observed in South Korea shows that the probability that the predi [...] Read more

Journal Article
How Shopping Platforms Play a Role in the Credit Card Industry
by Sipeng Zeng
Abstract
We develop a four-party model involving banks, merchants, consumers, and platform firms to explain why large shopping malls can offer interest-free installment services to consumers. Using a collaboration between an online shopping platform firm and multiple banks to issue co-branded credit cards as a natural experiment, we find that consumers’ spending on the platform fu [...] Read more

Letter
The impact of economic policy uncertainty on the profitability of China’s listed export enterprises
by Liping Zheng
Abstract
Based on the empirical data of 6110 listed export companies in China from 2010 to 2019, this paper studies the impact of China's economic policy uncertainty (EPU) index on the profitability of listed companies from the specific perspective of export companies, and analyzes the moderating effects of different factors on this impact. The results show that China's EPU index has a [...] Read more

Journal Article
The Impact of Automobile Purchase Restriction on Urban Air Quality: Experimental Evidence from Beijing, China
by Fengyu Cheng , Jianping Liao , Kenichiro Soyano  and  Feiling Lu
Abstract
It's critical for environmental governance to understand the effectiveness of policy interventions as well as their working mechanisms. This paper focuses on the vehicle license plate-based management, a sort of policy intervention understudied in environmental governance literature. Specifically, we study the automobile purchase restriction (APR), a major method of license man [...] Read more
Hit Affiliation:
Department of Law and Public Policy, Takaoka University of Law, Toyama-ken, Japan

Journal Article
Follow Suit: Imitative governance, resource inclination, and regional innovation efficiency
by Shutter Zor , Jingru Chen , Jietie Ailimujiang  and  Fayao Wang
Abstract
Influenced by traditional notions of solidarity, when a province’s planning can be highly aligned with that of the central government, the province is perceived to be more collective and thus able to receive financial or resource favors from the central government. This consistency, as is often the case, reflected in doing the same thing as the central government. This si [...] Read more

Journal Article
Has the development of the digital economy increased corporate financial asset holdings? --A quasi-natural experiment based on the "Broadband China" policy
by Xiuhai Huang  and  Zhenyu Xu
Abstract
A differences-in-differences (DID) model and financial data from Chinese listed firms from 2011 to 2019 are used to empirically investigate the effects of the digital economy on corporate financial asset holdings using the "Broadband China" policy as a quasi-natural experiment. After robustness testing and heterogeneity effects are disposed of, the digital economy dramatically [...] Read more

Journal Article
Informality as a Driving Force for Corruption in Economy: A Neoclassical Simulation
by Emerson Abraham Jackson
Abstract
This paper examines the link between informality and corruption, two interlinked phenomena that have negative impacts on economic development. The paper presents a neoclassical model simulation that illustrates how informality can drive corruption in the economy, emphasizing the incentives for corruption in an economy with informal and formal sectors. The model provides insight [...] Read more
Hit Affiliation:
Research Scholar, University of Birmingham and Bank of Sierra Leone, Freetown, Sierra Leone

Journal Article
A ‘White Lie’ of Business Informality: An Exploration of Non-Registered White-owned Businesses in the United States of America
by Michael J. Pisani
Abstract
Utilizing a 2021 nationally representative sample of 7,504 White-owned employer businesses (WOBs) in the United States of America (USA), the extent, and the determinants of WOB business registration are estimated. Business registration is employed as a proxy for business in/formality. Approximately one-fifth (22.5%) of all employer WOBs are unregistered or informal business con [...] Read more
Hit Affiliation:
Department of Management, Central Michigan University, Mt. Pleasant, Michigan, United States of America

Journal Article
How does Financial Development Affect Regional Economic Growth in China? A Mediating Role of Industrial Structure Optimization
by Tao Zhu , Yu Liu  and  Jingru Chen
Abstract
Financial development and industrial structure optimization are two-wheeled engines for promoting high-quality development, but the causal identification of the two is still poorly understood. This paper addresses this research gap by comprehensively analyzing the relationship between them. Regional economic growth is a necessary condition for achieving high-quality development [...] Read more

Journal Article
Shred Central: Estimating the user benefits associated with large public skateparks
by Thomas Kemp
Abstract
Skateparks, often called 'wheel parks,' are becoming increasingly common within communities worldwide. Despite this growth in parks, estimates show that the development of parks needs to catch up to users. Using a count data travel cost model, we estimate the adult user benefits associated with the Lauridsen Skatepark in Des Moines, Iowa – the largest in the United States [...] Read more

Journal Article
Can rural human capital inputs enhance agricultural total factor productivity? - Based on the dualistic economic structure perspective
by can wang
Abstract
Human factor inputs are key to promoting agricultural modernisation. Traditional economic theory suggests that improving human capital is the key to boosting agricultural productivity, but can this conclusion hold in China's dualistic economic structure? We use Chinese provincial panel data from 2000-2017 to examine the impact of rural human capital inputs on agricultural total [...] Read more

Journal Article
The Impact of Economic Policy Uncertainty on Systemic Risk in the Fintech Industry: Evidence from Crisis Events and the COVID-19 Pandemic
by Aktham Maghyereh  and  Jinxin Cui
Abstract
This paper investigates the effect of economic policy uncertainty (EPU) on the systemic risk of the fintech industry. To achieve this goal, we first estimate the evolution of system-wide systemic risk using the CatFin method. We further examine whether EPU significantly affects systemic risk. Our findings demonstrate that the systemic risk of the fintech industry is time-varian [...] Read more

Journal Article
Spatiotemporal pattern evolution and influencing factors of population spatial distribution in Changsha-Zhuzhou-Xiangtan urban agglomeration, China
by Weiping Wu , Wenhua Xie  and  Yuwei Sun
Abstract
Population, as a fundamental element in urban development, often reflects a city's economic development pattern through its spatial distribution and dynamic changes. Studying population spatial distribution is pivotal for bolstering the economic activity capacity in urban agglomerations and guiding regional economic health. Using the Changsha-Zhuzhou-Xiangtan urban agglomeratio [...] Read more