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Keywords = fiscal expenditure on sports

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17 pages, 321 KiB  
Article
A Study on the Impact of Fiscal Decentralization on Regional Green Development: A Perspective Based on the Emphasis on Sports
by Jianan Liu, Ni Dai, Yuan Sui and Asmatullah Yaqoubi
Sustainability 2023, 15(16), 12108; https://doi.org/10.3390/su151612108 - 8 Aug 2023
Cited by 2 | Viewed by 1447
Abstract
From the perspective of institutional economics, we investigate the impact of fiscal decentralization on regional green development in China and its transmission mechanism through influencing sports fiscal expenditures on regional green development. Based on panel data of Chinese provincial regions from 2006 to [...] Read more.
From the perspective of institutional economics, we investigate the impact of fiscal decentralization on regional green development in China and its transmission mechanism through influencing sports fiscal expenditures on regional green development. Based on panel data of Chinese provincial regions from 2006 to 2017 in China, we use fixed effects models, two-stage least squares, and mediating effects models to find that fiscal decentralization accelerates regional green sustainability. Fiscal decentralization can enhance the government’s emphasis on sports and promote the smart and intelligent development of the sports and health industry, thus contributing to the improvement of green and sustainable development. There is regional heterogeneity in the effect of the governmental emphasis on sports, and the mediating effect of the degree of emphasis on sports is more obvious in the eastern region. We verify the possibility that the government can accelerate economic green sustainability by raising the importance of the sports and health industry development and promoting the intelligent infrastructure of sports and enrich the theoretical study of the ecological effect of fiscal decentralization from the perspective of sports economic development. Full article
19 pages, 1606 KiB  
Article
How Efficient and Socially Sensitive Are Fiscal Incentives for Electric Cars in Europe?
by Krešimir Jurlin
J. Risk Financial Manag. 2023, 16(6), 283; https://doi.org/10.3390/jrfm16060283 - 24 May 2023
Cited by 4 | Viewed by 4471
Abstract
The main aim of the study was to analyse the impact of fiscal incentives on the share of electric passenger cars in total sales in 31 European countries in 2021 and 2022. Research methods included an assessment of the active fiscal incentives and [...] Read more.
The main aim of the study was to analyse the impact of fiscal incentives on the share of electric passenger cars in total sales in 31 European countries in 2021 and 2022. Research methods included an assessment of the active fiscal incentives and passive financial gain on fuel of owning electric over petrol-powered vehicles, calculating the ratio of these variables to the net savings in emissions, and conducting regression analysis of the impact of these two variables, as well as indicators of national wealth and the distribution of population by urbanization, on the share of electric vehicles in total sales. The most important finding of the research is that, in the countries under review, incentives are not well designed. For a saving of 1 ton of CO2 for business-owned plug-in hybrid electric sports utility vehicles, tax incentives stood at EUR 3400, as compared to only EUR 106 for small battery powered electric vehicles, with very high differences between countries. Applied panel data regressions with random effects indicated that active tax incentives had a rather low impact on the share of battery electric vehicles (BEVs) in total passenger car sales in 31 European countries in 2021 and 2022, while the difference in electricity price over petrol price combined with the share of the population living in houses in towns and suburbs may be a rather strong stimulus for buying BEVs (R2 = 0.452 for the total sample and R2 = 0.579 for the reduced sample). However, national wealth between countries, measured by relative final consumption expenditure per capita, had the highest impact on the share of battery electric vehicles in total sales (R2 = 0.634). The study suggests that fiscal incentives for electricity powered vehicles in Europe were too large, and neither well designed nor directed towards less wealthy households. Full article
(This article belongs to the Section Sustainability and Finance)
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15 pages, 639 KiB  
Article
Fiscal Expenditure on Sports and Regional Carbon Emissions: Evidence from China
by Muwei Xi, Dingqing Wang and Ye Xiang
Sustainability 2023, 15(9), 7595; https://doi.org/10.3390/su15097595 - 5 May 2023
Cited by 7 | Viewed by 1955
Abstract
Due to the problems of economic structure and the ways of industrial development, many countries have accumulated many ecological problems in the process of economic development, especially the increase in carbon emissions, the greenhouse effect, and the emergence of a series of problems, [...] Read more.
Due to the problems of economic structure and the ways of industrial development, many countries have accumulated many ecological problems in the process of economic development, especially the increase in carbon emissions, the greenhouse effect, and the emergence of a series of problems, which makes the global ecosystem suffer severe challenges. Achieving green sustainable development has become a strategic development arrangement for all countries, and as the sports economy is closely linked to regional green development, it has become an important channel to influence regional green development by promoting sports development. Based on theoretical analysis, this paper empirically analyzes and tests the impact of government fiscal support for sports on regional carbon emissions and its mechanisms based on provincial panel data using baseline regressions, a mediated effects model, and a threshold model. We argue that the development of green and healthy sports can have a significant impact on regional green development and that government fiscal support for sports plays an important role in this process. We found that government fiscal support for sports can significantly reduce regional carbon emissions and thus promote regional green development. From the perspective of mechanism analysis, the government’s fiscal support for sports leads to the orderly development of the sports industry and its associated industries, which improves the rationalization of the regional industrial structure and thus reduces regional carbon emissions. Moreover, as the carbon productivity of the region continues to rise, the impact of fiscal support for sports on regional low-carbon development gradually deepens. This paper confirms the important role of the government’s emphasis on sports development in the process of achieving carbon peaking and carbon neutrality, verifies the mediating effect of industrial structure rationalization, and further quantifies the correlation through the threshold effect, extending the study of the influencing factors affecting regional carbon emissions. Full article
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