Search Results (1,880)

This study examines Poland’s agricultural land market between 2009 and 2023 through fixed effects and spatial econometric models, highlighting economic and spatial determinants of land prices. Key results show that GDP per capita strongly increases land values (β = +0.699, p < 0.001), while agricultural gross value added (–2.698, p = 0.009), soil quality (–6.241, p < 0.001), and land turnover (–0.395, p < 0.001) are associated with lower prices. Spatial dependence is confirmed (λ = 0.74), revealing strong regional spillovers. The volume of state-owned WRSP land sales declined from 37.4 thousand hectares in 2015 to 3.1 thousand hectares in 2023, while non-market transfers, such as donations, exceeded 49,000 annually. Although these trends support farmland protection and family farms, they also reduce market mobility and hinder generational renewal. The findings call for more flexible, sustainability-oriented land governance that combines ecological performance, regional equity, and improved access for young farmers. Full article

The coupled development of economic and ecological systems is crucial for achieving sustainable growth, with the financial system playing a pivotal adaptive role. Green financial innovation (GFI) is central to enhancing this adaptation. Urban land use eco-efficiency (ULUEE) serves as an effective measure of economic–ecological coupling. Using China’s Green Finance Reform and Innovation Pilot Zones (GFRPZs) as a quasi-natural experiment, this study assesses the impact of GFI on ULUEE, employing panel data from 283 prefecture-level cities (2013–2021). The results show that GFI significantly enhances ULUEE through technological spillovers, strengthened environmental regulation, industrial upgrading, and resource agglomeration. Heterogeneity analyses further reveal that GFI’s positive effects are more pronounced in economically developed regions, cities without legacy heavy-industry reliance, and those with deeper financial development. Additionally, GFI demonstrates cross-regional spillover effects, effectively interacting with other environmental policies. While GFI’s impact is more pronounced in economic growth, its ecological governance improvements are modest. This study provides critical insights for tailored green financial policies aimed at harmonizing economic and ecological objectives. Full article

This study investigates the role of the digital economy (DE) in advancing the high-quality development of manufacturing in China, with a particular focus on the moderating effects of manufacturing agglomeration and digital literacy. Using provincial panel data from 2013 to 2023, we find that the digital economy significantly enhances manufacturing development across three key dimensions: green transformation, innovation, and high-end industrial upgrading. Manufacturing agglomeration strengthens this effect, especially in the Eastern and Western regions, by facilitating digital spillovers and leveraging digital infrastructure. However, in the Central region, the impact of agglomeration is weaker, hindered by fragmented industrial clusters and underdeveloped digital infrastructure. The study also highlights significant regional differences in the moderating effect of digital literacy. In the Eastern region, digital literacy negatively moderates the relationship between DE and manufacturing development due to skill mismatches, while in the Western region, localized concentrations of digital skills have a positive but geographically constrained impact. Temporal analysis reveals a shift in the moderating role of digital literacy, with its negative effect becoming more pronounced after 2018, suggesting a growing need for targeted skill development policies. These findings underscore the importance of regionally tailored strategies to promote digital manufacturing integration, with a focus on sustainable development through digital transformation and green manufacturing practices. Full article

Upgrading the industrial structure is an essential step for economic growth and the transformation of old and new development drivers. Counties situated at the rural–urban interface hold a comparative advantage in industrial upgrading compared to cities, converting agricultural resource dividends into economic value. However, whether agricultural innovation talent can facilitate this process requires further investigation. Based on a sample of 1771 Chinese counties, this study employs a quasi-natural experiment using China’s “World-Class Disciplines” construction program in agriculture and establishes a difference-in-differences (DID) model to examine the impact of agricultural innovation talent on county-level industrial structure upgrading. The results show that agricultural innovation talent significantly promotes industrial upgrading, with this effect being more pronounced in counties with smaller urban–rural income gaps, greater household savings, and higher levels of industrial sophistication. Spatial spillover effects are also evident, indicating regional knowledge diffusion. Knowledge empowerment emerges as the core mechanism: agricultural innovation talent drives industrial convergence, responds to supply–demand dynamics, and integrates digital and intelligent elements through knowledge creation, dissemination, and application, thereby supporting county-level industrial upgrading. The findings highlight the necessity of establishing world-class agricultural research and talent incubation platforms, particularly emphasizing the supportive role of universities and the knowledge-driven contributions of agricultural innovation talents to county development. Full article

Urban–rural integration (URI) plays a crucial role in advancing rural revitalization and the modernization of agriculture. Nevertheless, numerous nations encounter persistent obstacles, including inefficient resource mobility across urban–rural divides and uneven industrial distribution, while striving to foster such integration. Agricultural new quality productive forces (ANPFs) offer an innovation-led production framework fueled by advances in agricultural technology, allowing urban–rural integration (URI) through improved resource mobility between cities and rural regions. Utilizing panel data from 30 Chinese provinces (2013–2022), this study employs a two-way fixed effects model, mediation analysis model, threshold regression model, and the spatial Durbin model to investigate the transmission mechanism and spatial spillover effect of agricultural new quality productive forces (ANPFs) on urban–rural integration (URI). The findings show the following: (1) Agricultural new quality productive forces (ANPFs) significantly influence urban–rural integration (URI). (2) The influence is significantly stronger in western China than in the eastern and central regions. (3) Industrial restructuring and upgrading (IND) function as a mediating influence in this connection. (4) The role of informatization (INF) has a dual-threshold effect. (5) Geographically, while these forces promote local integration, they may impede progress in nearby regions. This study provides new empirical insights into the factors that influence urban–rural integration (URI) and proposes policy solutions to promote sustainable regional development. Full article

Corporate resilience, a critical metric assessing firms’ capacity to withstand risks, recover rapidly, and maintain growth in dynamic environments, has garnered increasing attention from academia and industry. This study employs China’s Green Factory certification policy within its green manufacturing system as a quasi-natural experiment, utilizing a multi-period difference-in-differences (DID) model to evaluate the impact of green manufacturing implementation on corporate resilience. Results confirm that Green Factory certification significantly enhances firms’ resilience. Mechanism analyses identify three reinforcing pathways: alleviating financing constraints, optimizing resource allocation efficiency, and fostering green technological innovation. Heterogeneity analyses reveal more pronounced effects among heavily polluting industries, firms with low reputations, and those with higher levels of managerial myopia. Furthermore, the certification exhibits significant spillover effects, transmitting resilience improvements to industry peers and geographic clusters. This research expands the theoretical boundaries of corporate resilience literature while offering practical implications and empirical evidence for enterprises undergoing green manufacturing transitions. Full article

As the mainstream financial modality in the digital economy era, digital finance drives industrial digitization and green transformation through capital and technological support, enabling governments to advance environmental governance with greater precision, efficiency, and sustainability. Utilizing 2012–2023 panel data from 31 Chinese provinces, this study innovatively constructs a multidimensional panel data model for the quantitative analysis of the overall impact, heterogeneous effects, and spatial spillover effects of digital finance on government environmental governance. It further examines the mediating effect and the threshold effects of new quality productive forces, and the moderated mediation effects of green technological innovation and industrial collaborative agglomeration. In this study, (1) digital finance significantly drives government environmental governance, and this finding exhibits robustness; (2) digital finance exerts heterogeneous impact on government environmental governance, with more pronounced effects in eastern and sub-developed regions; (3) digital finance generates positive spatial spillover effects on government environmental governance; (4) new quality productive forces positively mediate the relationship between digital finance and government environmental governance; (5) green technological innovation exhibits dual moderation characteristics, moderating both “digital finance → new quality productive forces” and “new quality productive forces → government environmental governance,” while industrial collaborative agglomeration shows single moderation, specifically moderating “new quality productive forces → government environmental governance”; (6) the impact of digital finance on government environmental governance presents a nonlinear feature of “increasing marginal returns.” On these accounts, this study proposes targeted recommendations from six dimensions. Full article

This study aims to reveal the influence mechanism of innovation competition on the high-quality development of the manufacturing industry in Chinese local governments. Additionally, the study provides a theoretical basis for understanding how governments’ investment in science and technology breaks through key technological bottlenecks, enhances the innovation ability of enterprises, and promotes the high-quality development of the manufacturing industry. Based on balanced panel data of 269 prefecture-level and above cities in China from 2008 to 2021, the entropy value method is used to construct a comprehensive evaluation index of manufacturing development quality, and a two-way fixed-effect panel model is employed for the empirical analysis. The findings reveal that (1) for every 1% increase in local government investment in science and technology, the manufacturing high-quality development index will increase by 0.261%, indicating that local governments’ innovation competition significantly promotes the quality of manufacturing development; (2) enterprise innovation capacity plays a mediating role between government competition and manufacturing quality improvement; (3) the combined mechanism of innovation drive and promotion tournament results in a significant spatial strategic interaction of local governments’ innovation competition and a positive spillover effect on neighboring regions. Therefore, this study suggests that local governments implement different science and technology innovation investment strategies to optimize the allocation of innovation resources according to the regional manufacturing technology level. Full article

Amidst the dual challenges of escalating ecological environmental pressures and economic transformation globally, green innovation emerges as a pivotal pathway toward achieving high-quality sustainable development. To elucidate how digitalization and novel productive forces synergistically drive the green transition, the research utilizes panel data from 30 provincial-level administrative regions in China spanning 2009 to 2022, constructing a green innovation efficiency measurement frame-work grounded in the Super Slack-Based Measure (Super-SBM)model, alongside a novel productive forces evaluation system based on the triad of laborers, labor objects, and means of production. Employing spatial difference-in-differences and double machine learning methodologies within a quasi-natural experimental design, the research investigates the causal mechanisms through which digital empowerment and novel productive forces influence regional green innovation efficiency. The findings reveal that both digital empowerment and novel productive forces significantly enhance regional green innovation efficiency, exhibiting pronounced positive spatial spillover effects on neighboring regions. Heterogeneity analyses demonstrate that the promotive impacts are more pronounced in eastern provinces compared to central and western counterparts, in provinces participating in carbon trading relative to those that do not, and in innovation-driven provinces versus non-innovative ones. Mediation analysis indicates that digital empowerment operates by fostering the aggregation of innovative talent and elevating governmental ecological attentiveness, whereas new-type productivity exerts its influence primarily through intellectual property protection and the clustering of high-technology industries. The results offer empirical foundations for policymakers to devise coordinated regional green development strategies, refine digital transformation policies, and promote industrial structural optimization. Furthermore, this research provides valuable data-driven insights and theoretical guidance for local governments and enterprises in cultivating green innovation and new-type productivity. Full article

Between 2013 and 2020, China had implemented a pilot cap-and-trade carbon emissions trading system (ETS) in some cities. Previous research has reported that this policy significantly reduces air pollution in the policy-implementing districts. However, whether and to what extent there are spatial spillover effects of this policy on air pollution in other regions has not been sufficiently analyzed. The research objective of this study is to quantitatively assess the spatial spillover effects of China’s carbon ETS on air pollution. Based on data from 288 Chinese cities between 2005 and 2020, this study employs a multiple linear regression approach to estimate the policy effects. Our study finds that the policy significantly reduces the concentrations of black carbon (BC), nitrogen dioxide (NO₂), organic carbon (OC), particulate matter less than 1 micron in size (PM₁), fine particulate matter (PM_2.5), and particulate matter less than 10 microns in size (PM₁₀) in non-ETS regions. This indicates that the carbon ETS has beneficial impacts on air quality beyond the areas where the policy was implemented. The heterogeneity tests reveal that the beneficial spatial spillover effects of the ETS can be observed across cities with different levels of industrialization, population density, economic development, resource endowments, and geographical locations. Further mechanism analyses show that although the policy does not affect the degree of environmental regulation in other regions, it promotes green innovation, low-carbon energy transition, and industrial structure upgrading there, which explains the observed spatial spillover effects. Full article

This study examines whether adopting blockchain technology can enhance maritime supply chain performance by improving information sharing in the presence of mismatches between service capacity and demand. We analyze a maritime supply chain with one port and one carrier. Depending on whether the port and the carrier adopt blockchain technology to share forecast information, we consider two scenarios: neither party adopts the technology, or both the port and the carrier adopt it. We find that when the port’s ex ante expected demand is relatively low, the adoption of blockchain technology not only incentivizes the port to expand its service capacity but also increases the actual demand from the carrier. In addition, when the port has a high forecasting accuracy, it prompts both the port and the carrier to make more stable decisions on the service capacity and freight rates under demand uncertainty. Finally, while the port and the carrier exhibit conflicting incentives to adopt blockchain technology, these tensions can nonetheless be reconciled. This alignment becomes possible due to blockchain’s spillover effect: by enabling information sharing, it facilitates a closer match between the port’s service capacity and the carrier’s realized demand. Full article

Under the background of climate change, the risk spillover within the energy system is constantly intensifying. Clarifying the coupling relationship between entities within the energy system can help policymakers propose more reasonable policy measures and strengthen risk prevention. To estimate the risk spillover of energy-related systems, this paper constructs five subsystems: the fossil fuel subsystem, the electricity subsystem, the green bond subsystem, the renewable energy subsystem, and the carbon subsystem. Then, a quantitative risk analysis is conducted on two major energy consumption/carbon emission entities, China and Europe, based on the DCC-GARCH-CoVaR method. The result shows that (1) Markets of the same type often have more significant dynamic correlations. Of these, the average dynamic correlation coefficient of GBI-CABI (the Chinese green bond subsystem) and FR-DE (the European electricity subsystem) are the largest, by 0.8552 and 0.7347. (2) The high correlation between energy markets results in serious risk contagion, and the overall risk spillover effect within the European energy system is about 2.6 times that within the Chinese energy system. Of these, EUA and CABI are the main risk connectors of each energy system. Full article

In light of increasing environmental issues, green and environmentally friendly growth has emerged as a global consensus., making the progression of a low-carbon and eco-friendly new energy vehicle (NEV) industry essential for countries globally. This study focuses on the 26 provinces of China, employing benchmark regression, mediation analysis, spatial econometrics, and difference-in-differences models to comprehensively investigate the impact and underlying mechanisms of NEV industry agglomeration on high-quality green development, using a unified framework to measure both agglomeration and development standards, which enhances the accuracy of previous measurements using a single indicator. The findings show that NEV industry agglomeration directly promotes high-quality green development, mediated significantly by green technological innovation and public environmental awareness. Analysis reveals significant regional heterogeneity, with stronger NEV industry agglomeration in midwestern regions, areas prioritizing sustainable and low-carbon policies, and regions with advanced economic and financial systems, leading to a greater positive impact on high-quality green development. NEV industry agglomeration influences high-quality green development in neighboring regions through spatial spillover effects. The results remain robust when using instrumental variables and treating NEV-related policy formulation as a quasi-natural experiment. This study provides theoretical guidance and policy recommendations to encourage high-quality green development through NEV industry agglomeration. Full article

Focusing on the dynamic change process of urban ecology and economy, this paper explores the spatial correlation pattern of cities in the Yangtze River Delta (YRD) region for sustainable development from 2012 to 2023 based on the coupled coordination model, gravitational model, and social network analysis (SNA). First, the sustainable development level of the city shows a certain upward trend in the time dimension. In the spatial dimension, there is significant regional differentiation, which roughly shows the development characteristics of gradual increase from the interior to the coast. Second, cities with lower-level sustainable development and higher-level sustainable development always maintain their own stability, but being adjacent to a city with lower-level sustainable development increases the probability of an improvement. Third, cities that play an important role in driving the level of spatial correlation for sustainable development are mainly concentrated in the central and eastern parts of the YRD, with Shanghai, Suzhou, Nanjing, and Hangzhou being the most important radiation centers in the pattern of spatial correlation. Fourth, the affiliation system of sustainable development gradually changes from the double core system of Shanghai–Suzhou to the triple core system of Shanghai–Suzhou–Hangzhou to drive and lead the development of the subordinate cities. Fifth, the spatial network can be categorized into four plates: benefit, overflow, bilateral spillover, and broker, with obvious linkage effects between plates. Full article

This paper examines cryptocurrency shock transmission to financial markets and the macroeconomy using a Bayesian structural VAR with Pandemic Priors from 2015 to 2024. By affecting overall risk appetite, cryptocurrency price shocks generate positive financial market spillovers, accounting for 18% of equity and 27% of commodity price fluctuations. Real economic effects are significant in driving investment but remain limited, contributing only 4% to unemployment and 6% to industrial production variance. However, cryptocurrency shocks explain 18% of price-level forecast error variance at long horizons. Narrative analysis reveals sentiment and technology as primary shock drivers. These findings demonstrate cryptocurrency’s deep financial system integration with important inflation implications for monetary policy. Full article