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Articles ( Showing 81-100 of 132 items)
Searched for: [ Keywords: "Central Bank Policy" ] clear all
Journal Article
Tax effect of digital economy development in China: The policy effect and transmission mechanism
by Jun Mao , Jianmin Liu  and  Zhiyuan Liu
Abstract
The development of digital economy is becoming an important path to promote the kinetic energy of China's tax revenue development. Based on the panel data from 2011 to 2018, this paper uses Gini coefficient to analyze the regional differences of China's digital economy, and uses fixed effect model, spatial Durbin model, multi-period double difference model and other empirical m [...] Read more

Journal Article
Effects of Education Equalization Measures on Housing Prices: Evidence from a Natural Experiment in Suzhou, China
by Shang Xie , Muhammad Ateeq ur Reman  and  Kang Mao
Abstract
Educational equity is the foundation of social equity, and education equalization is one of the serious issues to be solved by the government. This work considers one education equalization reform conducted by Suzhou Industrial Park of China, namely, the comprehensive "five to nine" (CFTN) housing purchase admission qualification adjustment policy, as an example and uses the re [...] Read more

Journal Article
Digital economy, entrepreneurial activity, and common prosperity: Evidence from China
by Tongtong Zhao , Fangyi Jiao  and  Zhongwei Wang
Abstract
Based on the provincial panel data of China from 2011 to 2019 for a total of 9 years, this paper uses the entropy method to construct a comprehensive measure of the digital economy and common prosperity. We theoretically analyzed the impact mechanism of the digital economy on common prosperity using the econometric model. The study found that the digital economy can significant [...] Read more

Journal Article
Impact of Carbon Emission Trading Market on Regional Urbanization: an Empirical Study Based on a Difference-In-Differences Model
by Haoyuan Cheng , Xiaoqian Liu  and  Zhenlong Xu
Abstract
China's carbon emission trading market has been formally established, but few studies have been conducted to analyze the impact of this policy on the regional urbanization level. Therefore, this paper evaluates whether the carbon trading pilot policy can enhance the regional urbanization level in China through the difference-in-differences method and analyzes the mediating role [...] Read more

Journal Article
Trinity for Innovation: Industry-University-Research Amends Factor Misallocation Based on the Dual Perspective of Capital and Labor Force
by Liwen Cheng , Zhouyi Gu , Changsong Wang  and  Hong Jie
Abstract
Based on provincial panel data in China, this study is the first to investigate whether industry-university-research collaborative innovation (IURCI) can help to improve factor misallocation. It is found that IURCI can significantly improve capital misallocation and labor misallocation, and the effect has regional differences, which shows that the improvement effect is obvious [...] Read more

Journal Article
Innovation with ecological sustainability: Does corporate environmental responsibility matter in green innovation?
by Xiaoli Hao , Wenqian Fu  and  Khaldoon Albitar
Abstract
Green innovation, driven by China's new development concept, plays a crucial role in high-quality economic development. In line with the green development trend, businesses increasingly prioritize whether their corporate environmental responsibilities (CER) can effectively enhance corporate green innovation (CGI) levels. This paper examines the influence and mechanism of CER on [...] Read more
Hit Affiliation:
China Economics and Management Academy, Central University of Finance and Economics, Beijing, China

Journal Article
The role of financial drivers on regional economic resilience: Does information technology level matter?
by Xiaoli Hao  and  Junhong Qu
Abstract
Economic globalization has intensified economic volatility around the world, and the importance of economic resilience has become increasingly prominent in the face of rising uncertainty due to frequent domestic and foreign shocks. Based on provincial panel data in China from 2008-2019, a comprehensive indicator system is constructed to measure regional economic resilience (RER [...] Read more

Journal Article
Gross Domestic Products (GDP) is not a Proper Indicator of Measurement and Economic Power Comparison for Emerging Economies: A Judgement from International Distributions of Net Factor Income from Abroad
by Dong Qiu  and  Yafei Wang
Abstract
Global distributions of net factor income from abroad (NFI) during 1990-2019 have witnessed that (1) the United States is the top one country accounting for 40% of surpluses of the global total, while a surge in China’s deficit with its GDP increase; (2) GDP growth in emerging economies has a price scissors with NFI deficits; (3) asymmetric NFI has covered up the severity [...] Read more

Journal Article
Does carbon emissions trading facilitate carbon unlocking? Empirical evidence from China
by Tianqi Wang , Yawen Sun , Yong Wang  and  Yuhao Yang
Abstract
Carbon emissions trading is essential for reducing carbon emissions, and its role in regional carbon unlocking needs further clarification. This study uses the difference-in-differences (DID) model and synthetic control model (SCM) to evaluate the carbon unlocking effect of China’s six pilot carbon trading provinces. This study found that (1) carbon lock-in effects in Chi [...] Read more

Journal Article
The Role of Oscillations in Macroeconomic and Financial Factors in the Production of Renewable Energy: A Case Study of Selected South Asian Economies
by Shahid Ali
Abstract
The objective of this study is to explore the link between the financial sector, macroeconomic fluctuations, and sustainable energy production in South Asia. It evaluates existing research, identifies gaps, and suggests future directions. The study emphasizes the need to understand how economic activities influence the environment and how environmental factors impact economic a [...] Read more

Journal Article
Does Education Predict Women’s Use of Unsustainable Biomass Cooking Technologies? Evidence from a Natural Experiment
by Jean-Louis Bago  and  Marie Madeleine Ouoba
Abstract
In developing countries, the dependence on traditional biomass for domestic energy consumption is one of the major causes of deforestation and environmental poverty. This paper investigates the impact of women’s education on the probability of using Unsustainable Biomass Cooking Technologies (UBCT) as the household main fuel of cooking instead of clean energy. Combining d [...] Read more

Journal Article
Dynamics of deposit dollarization in Turkey
by A. Yasemin Yalta  and  A. Talha Yalta
Abstract
Deposit dollarization in Turkey has been on the rise, reaching record levels in 2022. This was caused by the worsening macroeconomic fundamentals along with the transition to the presidential system in 2018 and the associated deviation from the monetary policy stance afterward. The unique case of Turkey presents an excellent natural experiment to explore the dynamics of deposit [...] Read more

Journal Article
Analysis of Stock Market Information Leakage by RDD
by Jianing Zhu  and  Cunyi Yang
Abstract
Information leakage in the stock market has been widely proven. Information disclosure is sometimes uneven, and there is significant information asymmetry between ordinary investors and professional institutional investors. In this paper, Regression Discontinuity design (RDD) model is first employed to analyze the information leakage issues. Based on the daily closing stock pri [...] Read more

Journal Article
Does ‘Being Your Own Boss’ raise your chance of becoming someone else’s Boss?
by Lixin Cai
Abstract
Self-employment is often associated with entrepreneurship and regarded as a driver of innovation, job creation and economic growth. As such, many countries have policies to promote and support self-employment. One mechanism for self-employment to drive job growth is for sole traders to become an employer through hiring employees. However, there are few studies that investigate [...] Read more

Review
Reassessing specificity/selectivity of taxane-based chemotherapy
by Elizabeth R. Smith , Zheshen Li , Zhe-Sheng Chen  and  Xiang-Xi Xu
Abstract
The paramount prerequisite for effective anti-cancer drugs is their ability to eradicate malignant cells while sparing non-cancer cells. The divergence in properties between malignant and non-cancer cells establishes a "therapeutic window," a critical consideration for achieving desirable treatment outcomes. Central to this is the imperative of a cancer drug's "selectivity and [...] Read more

Journal Article
The Expanded Child Tax Credit and Educational Attainment in Rural, Majority-Minority Communities
by Ethan Bennett  and  Mengzhong Zhang
Abstract
Despite the status of the United States as one of the world’s economic superpowers, the country is plagued by child poverty. The issue of child poverty is most prominent in rural, majority-minority communities, where years of limited opportunity, often created by systematic oppression, have created a vicious cycle of economic despair. There are a number of policies that h [...] Read more

Journal Article
An Operational Framework for a Low-carbon, Green Growth Economy: CO-STIRPAT Dynamic System
by Ick Jin
Abstract
This paper presents an operational framework for assessing the trajectories of production, energy, emissions, and capital accumulation to ensure the implementation of Nationally Determined Contributions (NDCs). The framework combines widely used methodologies (STIRPAT, system dynamics, and optimization) to simulate the pathways of variables until a target year. The CO-STIRPAT d [...] Read more

Journal Article
Shifting Demographics and Economic Performance: Unraveling the Influence of Population Aging on GDP Dynamics and Regional Inequalities
by Eleonora Santos
Abstract
Understanding the economic trends and demographic dynamics of a country is crucial for policymakers and researchers to formulate effective strategies and policies. This study aims to examine the GDP trends and aging index dynamics in Portugal from 2011 to 2021, with a focus on regional disparities and their implications for demographic challenges. The findings highlight the rel [...] Read more

Journal Article
Investigating the Joint Impact of Exchange Rate and Foreign Direct Investment Inflows on Domestic Interest Rate in Nigeria
by Innocent Chile Nzeh , Uche Collins Nwogwugwu , Maria Chinecherem Uzonwanne , Christopher Urua Kalu  and  Emmanuel Chinonye Akalazu
Abstract
The sensitive nature of interest rate has spurred empirical interests on the factors that determine it. This paper examined the joint impact of exchange rate and foreign direct investment inflows on interest rate in Nigeria over the period from 1981-2022. The study made use of the auto regressive distributed lag (ARDL) bounds test and results of findings reveal that in both the [...] Read more

Journal Article
An overlapping generations version of Krugman’s world’s smallest macroeconomic model and fiscal deficit
by Yasuhito Tanaka
Abstract
This paper attempts to introduce an overlapping generations structure into Paul Krugman's "The world's smallest macroeconomic model" (Krugman (1999)) to examine the implications of fiscal policy, particularly fiscal deficits, in a framework suitable for policy analysis. In that paper, Krugman argued that under the price rigidity assumption, a shortage in the money supply leads [...] Read more