Search Results (646)

Achieving synergies between government-led and market-based policy instruments is critical to advancing Energy–Environmental Productivity and Sustainable Urban Development. This study investigates the effects of China’s dual-pilot energy policies (New Energy Demonstration Cities (NEDCs) and Energy Consumption Permit Trading (ECPT)) on urban environmental productivity (UEP) across 279 prefecture-level cities from 2006 to 2023. Utilizing a Non-Radial Directional Distance Function (NDDF) approach, combined with Difference-in-Differences (DID) estimation and spatial econometric models, the analysis reveals that these synergistic policies significantly enhance both comprehensive and net measures of UEP. Mechanism analysis highlights the roles of industrial restructuring, technological innovation, and energy transition in driving these improvements, while heterogeneity analysis indicates varying effects across different city types. Spatial spillover analysis further demonstrates that policy impacts extend beyond targeted cities, contributing to broader regional gains in UEP. These findings offer important insights for the design of integrated energy and environmental policies and support progress toward key Sustainable Development Goals (SDG 7, SDG 11, and SDG 12). Full article

Improving the green innovation quality (GIQ) of center cities is crucial to achieve sustainable urban agglomeration development. Utilizing data on green patent citations and economic indicators across cities in the Yangtze River Delta urban agglomeration (YRD) from 2003 to 2022, this research examines the influence of center cities’ GIQ on the economic performance of peripheral municipalities. The results show the following: (1) Center cities’ GIQ exerts a significant suppressive effect on peripheral cities’ economic growth overall. Heterogeneity analysis uncovers a distance-dependent duality. GIQ stimulates growth in proximate cities (within 300 km) but suppresses it beyond this threshold. This spatial siphoning effect is notably amplified in national-level center cities. (2) Mechanisms suggest that GIQ accelerates the outflow of skilled labor in peripheral cities through factor agglomeration and industry transfer mechanisms. Concurrently, it impedes the gradient diffusion of urban services, collectively hindering peripheral development. (3) Increased government green attention (GGA) and industry–university–research cooperation (IURC) in centers can mitigate these negative impacts. This paper contributes to the theoretical discourse on center cities’ spatial externalities within agglomerations and offers empirical support and policy insights for the exertion of spillover effects of high-quality green innovation from center cities and the sustainable development of urban agglomeration. Full article

The accelerating growth of the digital economy (DE) offers fresh momentum towards reaching carbon emissions’ peak and neutrality. Nevertheless, the impact mechanism of the DE on carbon emissions intensity (CEI) is insufficiently characterized. Our study first constructs an expanded comprehensive indicator system to evaluate DE development level from five dimensions containing 17 indicators. Panel data from 30 Chinese provincial regions (2013–2023) were analyzed using fixed effects, mediating effects, and spatial Durbin models to empirically examine the relationship and mechanisms between DE and CEI. Considering the existence of indirect effects of DE on CEs, the mechanism associated with the effect of the DE on CEs from the perspectives of economic growth, industrial structure upgrading, and scientific and technology innovation has been explored. The findings indicate notable regional disparities in the DE level across various provincial regions of China. China’s DE development significantly inhibits CEI. Furthermore, the DE’s development has successfully curtailed CE growth via three mediating mechanisms. And the DE exhibits a critical spatial spillover effect on CEI, and that effect also exhibits regional heterogeneity. Our findings can aid in regional DE development and the creation of policies to reduce CEs. Full article

Zoning policies play a critical role in shaping the geography of urban and suburban development in the United States. Using data from the National Zoning and Land-Use Database and tract-level census data from 42 Metropolitan Statistical Areas, we classify metros into four zoning regime types based on the relative restrictiveness of urban and suburban land-use policies and compare trends in population growth and neighborhood change across these regimes. Our findings show that suburban areas have outpaced urban cores in population growth across all zoning configurations, with the most pronounced growth occurring in metros where restrictive urban zoning coexists with permissive suburban regulation. This growth is disproportionately concentrated in affluent suburban neighborhoods, suggesting a spatial sorting of access to resources and amenities. We also find that urban–suburban gentrification gaps are the smallest in these asymmetrical zoning regimes, suggesting that permissive suburban land use may facilitate spillover effects from constrained cores. These findings suggest that zoning asymmetries shape not only the geography of growth but also the spatial dynamics of gentrification. We argue for a metropolitan perspective on land-use governance to better understand the interconnected nature of suburbanization and the spatial expansion of gentrification. Full article

Accelerated urbanization and intensified urban development globally lead to increased sewage discharge, challenging environmental protection. Therefore, exploring the correlation mechanism between the economic development level (EDL) and sewage discharge intensity (SDI) is crucial for sustainable development. This study uses panel data from 288 Chinese cities between 2003 and 2021, employs spatial analysis techniques to uncover the spatiotemporal evolution characteristics of SDI, and investigates the influence of economic development on this intensity using spatial panel models. The results reveal that (1) while the spatial distribution of SDI in China generally exhibits a downward trend, changes in the Northeast region are relatively modest, with SDI remaining higher than in other regions. Global autocorrelation analysis further indicates significant spatial agglomeration and positive correlation effects in urban SDI. (2) Economic development exerts a notable inhibitory effect on SDI, with a 0.570% decrease for every 1% rise in GDP per capita, thus demonstrating a significant spatial spillover effect. (3) For megacities, large cities, and small and medium-sized cities, EDLs have significant negative spatial spillover effects on SDI, with a more pronounced impact on large cities. This study provides a theoretical foundation for sewage management and empirical support for environmental policies, crucial for sustainable urban development. Full article

At a critical juncture in the global low-carbon transition, the role of artificial intelligence (AI) in facilitating low-carbon growth has become increasingly significant. To accelerate the integration of AI with socio-economic development, China has established National New Generation Artificial Intelligence Innovation and Development Pilot Zones (AIPZ). However, the specific impact of these zones on low-carbon development remains unclear. This study utilized panel data from 30 provinces in China from 2013 to 2022 and employed the multi-period difference-in-differences (DID) model and the spatial autoregressive difference-in-differences (SARDID) model to examine the carbon emissions reduction effects of the AIPZ policy and its spatial spillover effects. The findings revealed that the policy significantly reduced carbon emissions intensity (CEI) across provinces, with an average reduction effect of 6.9%. The analysis of the impact mechanism confirmed the key role of human, technological, and financial resources. Heterogeneity analysis indicated varying effects across regions, with more significant reductions in eastern and energy-rich areas. Further analysis using the SARDID model confirmed spatial spillover effects on CEI. This paper aims to enhance understanding of the relationship between AIPZ and CEI and provide empirical evidence for policymakers during the low-carbon transition. By exploring the potential of the AIPZ policy in emissions reduction, it proposes targeted strategies and implementation pathways for policymakers and industry participants to promote the sustainable development of China’s low-carbon economy. Full article

Agricultural new quality productive forces (ANQPFs) signify the progressive trajectory of modern agriculture. However, their development encounters significant challenges in many nations. The digital economy, characterized by its strong innovative capacity, offers continuous impetus for advancing agricultural new quality productive forces (ANQPFs). Based on panel data from 30 Chinese provinces (2014–2023), this study employs a two-way fixed-effects model, mediation and threshold effect analyses, and a spatial Durbin model to comprehensively assess the influence of the digital economy (DE) on agricultural new quality productive forces (ANQPFs). The findings reveal that (1) the digital economy (DE) significantly enhances the advancement of agricultural new quality productive forces (ANQPFs); (2) while its positive effect is pronounced in eastern, central, and western China, the impact is weaker in the northeastern region; (3) rural financial development (RFD) acts as a mediator in the relationship between digital economy (DE) growth and agricultural new quality productive forces (ANQPFs); (4) the digital economy (DE)’s contribution to agricultural new quality productive forces (ANQPFs) demonstrates non-linear trends; and (5) spatially, while the digital economy (DE) boosts the local agricultural new quality productive forces (ANQPFs), it exerts a negative spillover effect on neighboring areas. This research offers fresh empirical insights into the determinants of agricultural new quality productive forces (ANQPFs) and suggests policy measures to support agricultural modernization. Full article

Green public procurement (GPP) is a pivotal policy instrument for advancing urban low-carbon transitions. Using panel data from 285 Chinese cities (2015–2023), this study employs a panel fixed-effects model, mediation analysis, and spatial Durbin model to assess the impact, influencing mechanisms, and spatial spillover effects of GPP on urban carbon emissions intensity. The key findings reveal the following: (1) a 1% increase in GPP implementation is associated with a 1.360% reduction in local urban carbon emissions intensity. (2) GPP reduces urban carbon emissions intensity through urban green innovation, corporate sustainability performance, and public ecological awareness. (3) GPP exhibits significant cross-boundary spillovers, where a 1% reduction in local carbon emissions intensity induced by GPP leads to a 14.510% decline in that in neighboring cities. These results provide robust empirical evidence for integrating GPP into the urban climate governance framework. Furthermore, our findings offer practical insights for optimizing the implementation of GPP policies and strengthen regional cooperation in carbon reduction. Full article

Highway accessibility plays a vital role in supporting local economic development, particularly in regions lacking access to sea or river ports. Recognizing the functional transformation of road infrastructure, the Chinese government has made substantial investments in its expansion. Nevertheless, a theoretical gap remains in justifying whether such investments yield significant economic returns. Drawing on the theory of economic externalities, this study investigates the causal relationship between highway development and regional economic growth, and assesses whether highway construction leads to an acceleration in growth rates. Utilizing panel data from 14 Chinese cities spanning 2000 to 2014, the synthetic control method (SCM) is employed to evaluate the economic externalities of highway investment. The results indicate a positive impact on surrounding industries. Furthermore, a growth rate forecasting analysis based on Back-Propagation Neural Networks (BPNNs) is conducted using industrial enterprise data from 2005 to 2014. The growth rate in the treated city is 1.144%, which is close to the real number 1.117%, higher than the number for the weighted control group, which is 1.000%. The findings suggest that the growth rate of total industrial output improved significantly, confirming the existence of positive spillover effects. This not only enriches the empirical literature on transport infrastructure but also provides targeted enlightenment for the sustainable development of urban economy in terms of policy guidance. Full article

This paper considers the impact of Central Bank Digital Currencies (CBDCs) on the world’s financial systems with a special emphasis on G20 economies. Using quarterly macro-financial data for the period of 2000 to 2024, collected from the IMF, BIS, World Bank, and Atlantic Council, a Global Vector Autoregression (GVAR) model is applied to 20 G20 countries. The results reveal significant heterogeneity across economies: CBDC shocks intensify emerging market financial instability (e.g., India, Brazil), while more digitally advanced countries (e.g., UK, Japan) experience stabilization. Retail CBDCs increase disintermediation risks in more fragile banking systems, while wholesale CBDCs improve cross-border liquidity. This article contributes to the literature by providing the first GVAR-based estimation of CBDC spillovers globally. Full article

This study investigates the impact and mechanisms of digital inclusive finance (DIF) on high-quality economic development in China. Drawing on panel data from 281 prefecture-level cities between 2011 and 2021, we employ a Spatial Durbin Model (SDM) to analyze both the direct effects and spatial spillovers of DIF. The results indicate that (1) DIF has a significantly positive effect on high-quality development, which remains robust after conducting various stability and endogeneity tests; (2) DIF strongly contributes to economic upgrading in eastern regions, while its impact is weaker or even negative in central and western regions, revealing notable regional disparities exist; (3) a key finding is the identification of a double-threshold effect, suggesting that the positive influence of DIF only emerges when financial and industrial development surpass certain thresholds; (4) results from the two-regime SDM further show that spillover effects are more prominent in non-central cities than in central ones; and (5) mechanism analysis reveals that DIF facilitates high-quality growth primarily by promoting industrial structure upgrading. These findings underscore the importance of region-specific policy strategies to enhance the role of DIF and reduce spatial disparities in development across China. Full article

This study investigates the impact of rural digital economy development on agricultural carbon emission efficiency, aiming to elucidate the intrinsic mechanisms and pathways through which digital technology enables low-carbon transformation in agriculture, thereby contributing to the achievement of agricultural carbon neutrality goals. Based on provincial-level panel data from China spanning 2011 to 2022, this study examines the relationship between the rural digital economy and agricultural carbon emission efficiency, along with its underlying mechanisms, using bidirectional fixed effects models, mediation effect analysis, and Spatial Durbin Models. The results indicate the following: (1) A significant N-shaped-curve relationship exists between rural digital economy development and agricultural carbon emission efficiency. Specifically, agricultural carbon emission efficiency exhibits a three-phase trajectory of “increase, decrease, and renewed increase” as the rural digital economy advances, ultimately driving a sustained improvement in efficiency. (2) Industrial integration acts as a critical mediating mechanism. Rural digital economy development accelerates the formation of the N-shaped curve by promoting the integration between agriculture and other sectors. (3) Spatial spillover effects significantly influence agricultural carbon emission efficiency. Due to geographical proximity, regional diffusion, learning, and demonstration effects, local agricultural carbon emission efficiency fluctuates with changes in neighboring regions’ digital economy development levels. (4) The relationship between rural digital economy development and agricultural carbon emission efficiency exhibits a significant inverted N-shaped pattern in regions with higher marketization levels, planting-dominated areas of southeast China, and digital economy demonstration zones. Further analysis reveals that within rural digital economy development, production digitalization and circulation digitalization demonstrate a more pronounced inverted N-shaped relationship with agricultural carbon emission efficiency. This study proposes strategic recommendations to maximize the positive impact of the rural digital economy on agricultural carbon emission efficiency, unlock its spatially differentiated contribution potential, identify and leverage inflection points of the N-shaped relationship between digital economy development and emission efficiency, and implement tailored policy portfolios—ultimately facilitating agriculture’s green and low-carbon transition. Full article

Industrial agglomeration (IA) is an important factor in promoting forestry development, which has a notable impact on green total factor productivity (GTFP). IA can generate a “scale effect”, but excessive agglomeration may also bring a “crowding effect”, ultimately leading to an inverted U-shaped impact of IA on GTFP. How do these two effects work? From the perspective of agglomeration externalities, this study explores the intermediate role of labor pooling, input sharing, and knowledge spillover to clarify the mechanism between IA and GTFP. This study calculates forestry GTFP of Chinese provinces from 2004 to 2021 and empirically tests the inverted U-shaped relationship between IA and GTFP. It further examines the mediating and moderating effects of agglomeration externalities. The findings reveal that most provinces are still in the “scale effect” stage, but as IA intensifies, the “crowding effect” gradually becomes increasingly evident. Additionally, “crowding effect” is most significant in the eastern region and forestry industrialization areas. Therefore, this study proposes policy measures based on regional differences to promote the green development of the forestry sector. Full article

Amid mounting global climate change, resource scarcity, and environmental pressures, regional economies are accelerating their transition towards green and inclusive growth models. This research examines how China’s New Energy Demonstration City (NEDC) policy influences inclusive green growth (IGG), including its underlying mechanisms. Harnessing policy interventions as quasi-natural experiments, we use 2006–2022 panel datasets of 284 Chinese cities to develop a spatial difference-in-differences (SDID) model for causal inference. The findings are as follows: (1) The NEDC policy significantly enhances IGG in pilot cities while generating positive spatial spillover effects on neighboring cities, exhibiting an inverted U-shaped pattern; (2) The policy effects demonstrate pronounced regional heterogeneity, with the strongest impact observed in western China; (3) Mechanism analysis confirms that green technology innovation serves as a critical pathway through which the NEDC policy drives IGG. These findings provide robust empirical evidence for designing scalable policy promotion mechanisms and refining innovation-driven governance frameworks. Full article

The contagious COVID-19 disease not only brought about a global health crisis but also a disruption in the global economy. The uncertainty levels regarding the impact of the disease increased volatility. This study analyses stock market volatility and Economic Policy Uncertainty (EPU) of South Africa (SA) with that of the United States of America (USA) and Brazil, Russia, India, and China (BRIC) during the COVID-19 pandemic. The study aims to analyse volatility spillovers from a developed market (USA) to emerging markets (BRIC countries) and also to examine the causality between EPU and stock returns during the COVID-19 pandemic. By employing the GARCH-in-Mean model from a sample of daily returns of national equity market indices from 1 January 2020 to 31 March 2022, SA and China are shown to be the most volatile during the pandemic. By using the diagonal Baba, Engle, Kraft, and Kroner (BEKK) model to analyse spillover effects, evidence of spillover effects from the US to the emerging countries is small but statistically significant, with SA showing the strongest impact from US market shocks. From the Granger causality test, Brazil’s and India’s equity markets are shown to be highly sensitive to changes in EPU relative to the other countries. Full article