Search Results (34)

As global urbanization accelerates amidst compounding risks, comprehensive urban resilience assessment has emerged as a pivotal issue in optimizing risk governance pathways. Grounded in the Pressure–State–Response (PSR) theoretical framework, this study constructs a multidimensional evaluation system for comprehensive urban resilience. Through the integration of a combined weighting method and the TOPSIS model, we systematically measure resilience levels across 13 prefecture-level cities in Jiangsu Province, with the obstacle degree model employed to identify critical resilience constraints. The findings reveal significant spatial heterogeneity in regional resilience patterns. High-resilience cities establish positive feedback mechanisms through economic foundations, innovation-driven strategies, and institutional coordination. Conversely, low-resilience cities face multidimensional constraints, including industrial structure imbalance, inadequate social security systems, and infrastructure deficiencies. The resilience disparity stems from the coupling effects of systemic multidimensional elements, with three core obstacles identified: energy consumption and population pressure in the Pressure dimension, medical resource scarcity and innovation deficit in the State dimension, and fiscal expenditure inefficiency in the Response dimension. The study proposes strategic interventions, including fiscal structure optimization, cross-regional resource coordination enhancement, and innovation–translation mechanism improvement, to facilitate urban systems’ transformation from passive resistance to proactive adaptation. This research provides novel perspectives for analyzing complex system resilience evolution and offers scientific grounds for urban agglomeration risk prevention and sustainable development. Full article

Public cultural facilities are the cornerstone of the construction of the public cultural service system. Exploring the spatial pattern of public cultural service facilities is significant for clarifying regional differences in public cultural services, optimizing the allocation of urban cultural facilities, and promoting the equalization of public cultural services. This study constructs a dual-dimensional equalization evaluation system of geographical density and per capita quantity to reveal the spatial mismatch phenomenon of public cultural facilities in Xinjiang. Using methods such as the nearest neighbor index and kernel density analysis, combined with the geodetector, the distribution patterns of public cultural facilities in 14 prefectures and cities in Xinjiang are systematically analyzed. The results show that public cultural facilities in Xinjiang exhibit significant agglomeration characteristics, with museums having the most prominent spatial agglomeration degree (NNI = 0.523) and imbalance degree (S = 0.284). A spatial pattern centered on Urumqi characterized by “dense in the northwest and sparse in the southeast” has formed. There exists a spatial mismatch phenomenon between high-density and low-per capita population and low-density and high-per capita population in terms of geographical density and population distribution. Population size is the key factor in facility distribution, while cultural demand and economic level are the main factors, and fiscal capacity and education level are secondary factors, with transportation conditions being general factors. In this paper, we analyze the spatial differentiation characteristics of public cultural facilities in Xinjiang and the influencing factors in order to provide typical cases and practical references for optimizing the allocation of urban cultural facilities and promoting their equalization. Full article

This study constructs an econometric model and empirically examines the impact of fiscal vertical imbalance on local economic resilience using panel data from prefecture-level and above cities across China from 2007 to 2022. The findings show that fiscal vertical imbalance significantly enhances local economic resilience. A further mechanism analysis demonstrates that fiscal vertical imbalance effectively improves the adaptability and recovery capacity of local economies by increasing government investment, reducing tax burdens, and promoting industrial structure upgrading. Additionally, this study highlights that this positive effect is particularly pronounced in central and western regions and cities with lower administrative levels. The empirical results provide robust evidence to support China’s fiscal system reform, contributing to the sustainable development of regional economies. Full article

Green technology innovation (GTI) is crucial for sustainable economic development and achieving “peak carbon” and “carbon neutrality” goals. While fiscal vertical imbalance (FVI) may exert an inhibiting effect on regional GTI, the existing literature has paid insufficient attention to investigating the underlying mechanisms and potential mitigation strategies for such impacts. Using provincial data from China (2005–2019), this study explores the impact of FVI on GTI through theoretical analysis and empirical testing. The results indicate that FVI significantly inhibits GTI, as validated by the dynamic system Generalized Method of Moments (GMM) and spatial Durbin model analyses. Mechanistically, FVI hinders GTI by altering government innovation preferences and reducing investments in environmental pollution control. Moreover, financial decentralization and fiscal transparency positively moderate this relationship, with nonlinear moderating effects. These findings suggest that enhancing regional financial decentralization and fiscal transparency can mitigate the negative effects of FVI on GTI, offering practical insights for harmonizing fiscal policies and green economic transitions. Full article

The regulation of land use within territorial spaces has, to some extent, inhibited the free flow of land resources, giving rise to the dilemma of substantial losses and profits within and outside regulated areas. Investigating how to allocate “windfall profits” to compensate the regions that suffer windfall losses is of great importance for addressing regional development imbalances. This study, based on the perspective of restricted land development rights, employed an improved Cobb–Douglas (C-D) production function to analyze the differences in land input contributions between the agricultural and non-agricultural sectors. It quantified the extent of restricted land development rights, assessed their value using the opportunity cost method, and applied an economic adjustment coefficient to revise the regional fiscal transfer amounts. The results indicate the following: (1) The contribution of land factors to economic output is more significant in the non-agricultural sector than in the agricultural sector. (2) There are substantial differences in the quantities of restricted land development rights and their unit values across provinces and cities. Anhui Province has the largest restricted area, at approximately 71,945.52 hectares, while Guizhou Province has the smallest, at about 6452.62 hectares. Shanghai has the highest unit value, at around CNY 13.77 million per hectare, whereas Yunnan Province has the lowest, at approximately CNY 1.4748 million per hectare. (3) The total fiscal transfer amount for the provinces in the Yangtze River Economic Belt is about CNY 23.4 billion. Anhui Province receives the most compensation, at approximately CNY 8.5 billion, while Jiangsu Province has the highest expenditure, at about CNY 19.8 billion. Currently, the state should establish a comprehensive regional fiscal transfer compensation mechanism that takes into account the fiscal payment capacities of “windfall profit regions” and the incentive effects on “windfall loss regions” when determining fiscal transfer amounts. This approach aims to alleviate potential fiscal payment resistance in “windfall profit regions” and enhance proactive protection efforts in “windfall loss regions”, thereby achieving the coordinated development of economic growth, ecological improvement, and food security. Full article

Cropland resilience is the ability of cropland systems to adapt and rebound from multiple stresses and disturbances. Cropland resilience is vital for ensuring national food security, promoting sustainable agricultural development, and adapting to global climate change. This study measures cropland resilience in China using the entropy method within the PSR framework. Additionally, it employs quantitative analysis methods, including kernel density estimation, the standard deviation ellipse, the Theil Index, and the geographical detector, to systematically examine the spatiotemporal dynamics of cropland resilience and its driving factors in China. The findings reveal the evolving trends of cropland resilience over time and space, highlighting regional differences and the spatial distribution of resilience. The study found the following: (1) The overall cropland resilience in China shows an upward trend, but there is uneven development among regions, particularly in the relatively lagging western areas. (2) There is a notable spatial imbalance in cropland resilience, primarily driven by intra-regional differences. (3) Stability of Grain Production; Total Grain Production; Fiscal Expenditure on Agriculture, Forestry, and Water; Soil–Water Harmony; and the Cropland Disaster Resistance Index are identified as key driving factors, with the influence of the Cropland Disaster Resistance Index notably increasing over time. (4) The study highlights the critical role of synergistic effects among these factors in enhancing cropland resilience, noting a significant strengthening of these synergies over time. The research results offer a fresh perspective on the role of cropland resilience in dynamic environments. They enhance our understanding of the spatiotemporal characteristics of cropland resilience, reveal its underlying dynamic processes, and provide a scientific basis for policymaking aimed at promoting the sustainable use and management of cropland. Full article

Maintaining a balance between urban land (UL) expansion and urban population (UP) growth is one of the goals of sustainable development, and maintaining this balance requires more theoretical exploration and regional experience. This paper re-evaluated the imbalances in growth between urban land and urban population (IGULUP) from the perspective of allometric growth and explored its influencing mechanism, taking urban agglomerations (UAs) in China as a case. This paper reveals that the growth rate of UL in China is slightly higher than that of the UP. However, the IGULUP vary according to development stages. UAs in the primary stage and the early growth stage face the dilemma where UL grows faster than the UP. Conversely, for UAs in the later growth stage and the mature stage, the growth rate of the UP is higher than that of UL. Finally, an increase in economic development level, population agglomeration, fiscal expenditure, and urban compactness can help mitigate the gap between UL and UP. In contrast, industrial structure, urbanization level, and foreign direct investment may hinder the improvement of IGULUP by accelerating the rate of land expansion. These findings may make theoretical contributions to the formulation of more targeted land use control policies and urban population growth strategies. Full article

Energy trade balance has been the main factor behind current account imbalances in many developed and developing countries. This study investigates whether or not renewable energy conveys information to the current account deficit of selected OECD countries. Utilizing a dataset spanning from 1990 to 2021, we apply a Panel Autoregressive Distributed Lag (ARDL) estimator to determine the interrelation of current account deficit (CAB) as a percentage of GDP with selected indicators, namely, net energy import in total final energy consumption (NEI), the share of renewable energy in total electricity production (REN_TEO), and fiscal deficit as a percentage of GDP (FAB). The results of long-term estimations reveal that as net energy import increases, the current account deficit deteriorates. On the other hand, in the case that countries utilize more of renewable energy in their total electricity generation, their current account deficits improve. Thus, we conclude that energy policy matters for the current account balances and subsequently for the well-being of OECD economies. Finally, we find strong evidence for the twin deficit hypothesis, as fiscal deficit is negatively interrelated with current account deficit both in the short-run and long run. In other words, an increase in the level of budget deficit is associated with an upsurge in the current account deficit problem. Furthermore, the Dumitrescu-Hurlin causality test reveals that there is bidirectional heterogeneous causality between current account deficit and budget deficit. Additionally, when the countries in the sample are grouped by their per capita GDP levels, estimations reveal that the direction of interaction between CAB and energy-related indicators (NEI and REN_TEO) does not differ between Group 2 (the ones whose per capita incomes are over USD 25,000 but below USD 50,000) and Group 3 (the ones having more than USD 50,000 per capita income) countries. However, the coefficients of energy-related indicators for Group 2 countries are higher than those of Group 3 ones, suggesting that energy policy matters more for Group 2 countries’ current account imbalances in the long-term. Full article

Following the required adjustments made by the European Union (EU) to adequately absorb the negative social and economic impacts of the COVID-19 pandemic, the EU is once again confronting a crisis. The extended fiscal instability and environmental imbalance resulting from the energy crisis, primarily caused by rising energy prices owing to geopolitical upheavals (the Russian invasion in Ukraine), have been compounded by rising inflation. The main research objective of this paper is the analysis and evaluation of the effects of the current energy crisis on the Greek economy through the perspective of energy poverty, energy dependence, and climate change. Greece has been negatively impacted by the significant rise in energy costs. In 2022, the percentage of the general population that faced difficulties in paying energy bills exceeded the European average, reaching the level of 34.1%, while almost 19% of the population could not keep their homes sufficiently warm. Additionally, in 2022, Greece was one of the countries most energy-dependent on Russia. Greece achieved most of its targets regarding climate change, with the most representative example being the reduction of GHG emissions by 42% from 2000 to 2022. However, this reduction did not come from the successful green transformation of the Greek economy, but instead was due to the reduction in overall energy consumption that came from the prolonged economic crisis, combined with the restrictions of the COVID-19 pandemic. Nevertheless, the majority of Greek buildings are still not considered to be energy efficient, while the transportation industry continues to rely heavily on oil, coal, and natural gas. Full article

Implementing watershed carbon compensation under the constraint of fiscal imbalance is a crucial approach for China to achieve its “dual carbon” goals. Focusing on 257 counties within the Pearl River Basin (PRB), this paper first measured and modified the land use carbon emissions, carbon absorption, and the land use carbon budget (LUCB) from 2005 to 2020. Subsequently, their spatiotemporal patterns and the changes before and after the modifications were analyzed. Finally, this paper determined the subject–object, value, and priority order of carbon compensation using the modified LUCB as the baseline value, and a carbon compensation mechanism that combines vertical and horizontal directions was constructed. The following findings were obtained: (1) At the time scale, the proportion of construction land and forestland in the land use structure increased, and carbon emissions, carbon absorption, and the LUCB showed an overall upward trend from 2005 to 2020. (2) At the spatial scale, the areas with high carbon emissions and carbon deficits were mainly located in the lower reaches of the basin, whereas the areas with high carbon absorption and carbon surpluses were widely distributed in the upper and middle reaches. The carbon deficit in urban municipal districts and resource-based counties was relatively serious. (3) In 2020, the total amount of carbon compensation in the PRB was CNY −8088.61 million. The number of counties that needed to be paid and compensated was 75 and 182, respectively. The carbon compensation mechanism constructed in this paper can provide a reference for other countries and regions with financial imbalances to achieve regional carbon neutrality. Full article

China’s economy has been growing at a rapid pace in recent years, but the quality of economic development has not been consistent with the quantity, which is not conducive to sustainable economic development. How to improve the quality of economic development and achieve sustainable economic development has become an urgent economic issue for the Chinese government to address. Utilizing panel data encompassing 30 provinces in China from 2008 to 2022, we explore the mechanisms and impacts of vertical fiscal imbalances and tax efforts on the quality of local economic development. For this purpose, this investigation employs threshold regression and three-stage least squares methodologies. The results of the study show that an increase in the level of vertical fiscal imbalance does not contribute significantly to the improvement of the quality of local economic development. However, a vertical fiscal imbalance can suppress the level of tax effort of local government. Moreover, a reduction in local government tax efforts has a favorable effect on the quality of local economic development. As such, a vertical fiscal imbalance promotes economic development indirectly. Therefore, it is necessary to reasonably control the level of vertical fiscal imbalance, build a fiscal relationship between the central and local governments with clear powers and responsibilities, coordinate financial resources and regional balance, and prevent excessive tax efforts from suppressing the production enthusiasm of microeconomic subjects to improve the quality of China’s economic development and realize the sustainable development of the local and national economies. Full article

The growth of state transfers to offset disparities in regional development affects the stability of the country’s financial system. This article delves into this outcome, empirically analyzing whether the transfer system for horizontal fiscal alignment leads to decreased financial system stability through increased borrowing at municipal and national levels. To test this hypothesis, we employ a quasi-experimental analysis strategy, examining potential scenarios of configuring transfers to Ukrainian municipalities for addressing horizontal fiscal imbalance. Across various transfer calculation scenarios involving changes in the calculation period, the number of budgets in consideration, and the alignment subject, we find that a suboptimal system of horizontal fiscal alignment, transferring funds from financially secure municipalities to insecure ones, leads to a rise in the public finance debt, subsequently decreasing financial system stability. Additionally, we discover that the current mechanism in Ukraine for horizontal fiscal alignment, designed to mitigate inequalities in socio-economic development among communities and regions, paradoxically exacerbates these disparities, artificially inflates indicators of decentralization reform success, and undermines public finance stability. Full article

Target2 is the Eurozone’s cross-border payment system, which is mandatory for the settlement of euro transactions involving Eurozone central banks. It is being used to save the Eurozone from imploding. A key underlying problem is that the Eurozone does not satisfy the economic conditions for being an Optimal Currency Area, i.e., a geographical area over which a single currency and monetary policy can operate on a sustainable, long-term basis. The different business cycles in the Eurozone, combined with poor labour and capital market flexibility, mean that systematic trade surpluses and deficits will build up because inter-regional exchange rates can no longer be changed. Surplus regions need to recycle the surpluses back into deficit regions via transfers to keep the Eurozone economies in balance. But the largest surplus country—Germany—refuses to formally accept that the European Union is a ‘transfer union’. However, deficit countries, including the largest of these—Italy—are using Target2 for this purpose. Target2 has become a giant credit card for Eurozone members that import more than they export to other members, but with two differences compared with normal credit card debt: neither the debt nor the interest that accrues on the debt ever needs to be repaid. Furthermore, the size of the deficits being built up is causing citizens in deficit countries to lose confidence in their banking systems, leading them to transfer their funds to banks in surplus countries. Target2 is also being used to facilitate this capital flight. However, these are not viable long-term solutions to systemic Eurozone trade imbalances and weakening national banking systems. There are only two realistic outcomes. The first is a full fiscal and political union, with Brussels determining the levels of tax and public expenditure in each member state—which has long been the objective of Europe’s political establishment. The second outcome is that the Eurozone breaks up. Full article

The vigorous development of green finance has become a national strategy in China. Green finance is gradually becoming a key driver of high-quality economic development and a key area of concern for China’s economy and ecological environment. Based on the panel data of 30 Chinese provinces from 2001 to 2019, we analyzed the impact and mechanism of vertical fiscal imbalance (VFI) and green finance (GF) on high-quality economic development (HQD) and then used the fixed-effect model and spatial Durbin model for empirical testing. We found that GF can significantly contribute to HQD, but VFI has a negative moderating effect in contrast to the positive effect of GF on HQD. This negative moderating effect is strongest in the central region. According to the analysis of the spatial econometric model based on geography, economy, and the nested spatial weight matrix, we found that the local GF has a negative spatial transmission effect on the HQD of other regions. Therefore, it is recommended that the coordinated development of green finance among regions be promoted, while affairs and expenditure responsibilities be reasonably distributed between the central and local governments to drive HQD effectively. Full article

Green development is the key to safeguarding and improving people’s livelihoods and promoting sustainable development. Based on the provincial data of China for 2004–2019, we developed a general panel model and spatial Durbin model to test the effects of vertical fiscal imbalance (VFI) on green total factor productivity (GTFP). The results show that VFI has a significant inhibitory effect on GTFP; decomposing GTFP into the green technical efficiency change (GEC) and green technological change (GTC) indices reveals that the inhibitory effect of VFI on the GEC and GTC indices is significant and non-significant, respectively; the dampening effect of VFI on GTFP is more significant in regions with high economic growth target, low marketization, or high levels of VFI, and in Midwest, resource-based, or non-municipalities regions. The results of the spatial spillover effect analysis show that VFI has a suppressive effect on GTFP in regions with similar levels of economic development. This study enriches the existing literature by exploring the institutional causes affecting GTFP levels and provides theoretical and practical implications for comprehensively promoting a new round of fiscal system reforms in China and building a modern fiscal system with clear authority and responsibility, thereby promoting sustainable development. Full article