期刊:
Frontiers in Environmental Science,2022年10:1703 ISSN:2296-665X
通讯作者:
Kong, J.
作者机构:
[Wei, Cong] Zhejiang Univ Finance & Econ, Sch Econ, Hangzhou, Peoples R China.;[Zhou, Yingfeng] Springfield Coll, Dept Math Phys & Comp Sci, Springfield, MA USA.;[Kong, Jiayang] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.;[Kong, Jiayang] Cent China Normal Univ, Res Ctr Low carbon Econ & Environm Pol, Wuhan, Peoples R China.;[Kong, Jiayang] Cent China Normal Univ, Sch Math & Stat, Wuhan, Peoples R China.
通讯机构:
[Kong, J.] S;School of Economics and Business Administration, China
作者机构:
[Zhu, Junpeng] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.;[Lin, Boqiang] Xiamen Univ, China Inst Studies Energy Policy, Sch Management, Xiamen 361005, Fujian, Peoples R China.
通讯机构:
[Boqiang Lin] S;School of Management, China Institute for Studies in Energy Policy, Xiamen University, Fujian, 361005, PR China
摘要:
Industrial transformation is the key to urban transformation. Despite extensive studies on the topic of resource curse, limited studies have analyzed the impact of resource dependence on industrial transformation, especially taking into account the role of institutional quality. This paper attempts to fill such research gap. Based on a panel dataset of 283 China’s cities, this paper analyzes the effect of resource dependence on industrial transformation under the background of China’s market-oriented reform by using multiple econometric models. We find that resource dependence is indeed an important factor that causes the industrial structure to be dominated by secondary industry, indicating that resource dependence has a lock-in effect on industrial transformation. Besides, we also confirm that resource dependence has a non-linear impact on the industrial structure under different marketization levels, and China’s market-oriented reform can alleviate the lock-in effect to some extent. Based on these findings, we propose that local governments should pay attention to the regulatory role of market-oriented reform in industrial transformation.
期刊:
ISA Transactions,2022年126:36-46 ISSN:0019-0578
通讯作者:
Xie, Wanli;Wu, Wen-Ze;Liu, Chong;Goh, Mark
作者机构:
[Xie, Wanli] Nanjing Normal Univ, Inst EduInfo Sci & Engn, Nanjing 210097, Peoples R China.;[Wu, Wen-Ze] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430079, Peoples R China.;[Liu, Chong] Northeastern Univ, Sch Sci, Shenyang 110819, Peoples R China.;[Goh, Mark] Natl Univ Singapore, Logist Inst Asia Pacific, NUS Business Sch, Singapore, Singapore.
通讯机构:
[Xie, Wanli] I;[Goh, Mark] N;[Liu, Chong; Wu, Wen-Ze] S;Institute of EduInfo Science and Engineering, Nanjing Normal University, Nanjing 210097, China. Electronic address:;School of Economics and Business Administration, Central China Normal University, Wuhan 430079, China. Electronic address:
关键词:
Fractional-order derivative;Grey system model;Memory effects;Optimization algorithm
摘要:
In recent years, grey models based on fractional-order accumulation and/or derivatives have attracted considerable research interest because they offer better performance in handling limited samples with uncertainty than integer-order grey models; however, there remains room for improvement. This paper considers a more flexible and general structure for the fractional grey model by incorporating a generalized fractional-order derivative (GFOD) that complies by memory effects, resulting in the development of a generalized fractional grey model (denoted as GFGM(1,1)). Specifically, we comprehensively analyse the modelling mechanism of the proposed GFGM(1,1) model, involving model parameter estimation and time response function derivation, and discuss the link between the proposed approach and existing special cases. Then, to further improve the efficacy of the proposed approach, four mainstream metaheuristic algorithms are employed to ascertain the orders of fractional accumulation and derivatives. Finally, we carry out a series of simulation studies and a real-world application case to demonstrate the applicability and advantage of the our approach. The numerical results show that GFGM(1,1) outperforms other benchmarks, and some significant insights are obtained from the numerical experiments.
期刊:
International Review of Economics & Finance,2022年80:1025-1044 ISSN:1059-0560
通讯作者:
Li, L.
作者机构:
[Xiang, Jingjie] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Hubei, Peoples R China.;[Li, Li] Hong Kong Univ Sci & Technol, Dept ISOM, Hong Kong, Peoples R China.
通讯机构:
Department of ISOM, Hong Kong University of Science and Technology, China
摘要:
This paper studies how monetary policy uncertainty (MPU) propagates to real economic activities in China, and suggests that debt financing cost plays a pivotal role. Our empirical analysis, based on firm-level panel data, indicates that the rise in MPU leads to a significant increase in debt financing cost, which further reduces firm investment. The interacted VAR model based on macro-level data also suggests that the deflationary effect of MPU is intensified when debt level is high. Moreover, we present a theoretical framework of DSGE analysis to formalize how the rise in MPU depresses economic activities. Simulations featuring default risks and uncertainty shocks support evidence that MPU is transmitted to the real sector through debt financing cost channel.
作者:
Silu Chen;Wenxing Liu;Guanglei Zhang;Hai-Jiang Wang;Silu Chen Silu Chen Silu Chen;...
期刊:
Business Ethics,2022年31(2):524-535 ISSN:0962-8770
通讯作者:
Zhang, G.
作者机构:
[Hai-Jiang Wang; Hai-Jiang Wang Hai-Jiang Wang Hai-Jiang Wang] School of Management, Huazhong University of Science and Technology, Wuhan, China;[Guanglei Zhang; Guanglei Zhang Guanglei Zhang Guanglei Zhang] School of Management, Wuhan University of Technology, Wuhan, China;[Wenxing Liu; Wenxing Liu Wenxing Liu Wenxing Liu] School of Business Administration, Zhongnan University of Economics and Law, Wuhan, China;[Silu Chen; Silu Chen Silu Chen Silu Chen] School of Economics and Business Administration, Central China Normal University, Wuhan, China
通讯机构:
[Guanglei Zhang; Guanglei Zhang Guanglei Zhang Guanglei Zhang] S;School of Management, Wuhan University of Technology, Wuhan, China
关键词:
ethical human resource management;illegitimate task;moral disengagement;unethical behaviour
作者机构:
[Zhang, Yannan; Liu, Wenxing; Zhu, Yanghao] Zhongnan Univ Econ & Law, Sch Business Adm, 182 Nanhu Ave East Lake High Tech Dev Zone, Wuhan 430073, Peoples R China.;[Chen, Silu] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.;[Qin, Feng] Jiujiang Univ, Sch Management, Jiujiang, Peoples R China.
通讯机构:
[Zhu, Yanghao] Z;Zhongnan Univ Econ & Law, Sch Business Adm, 182 Nanhu Ave East Lake High Tech Dev Zone, Wuhan 430073, Peoples R China.
关键词:
Unethical pro-organizational behavior;psychological entitlement;unethical behavior;leader gratitude expression;moral licensing theory
期刊:
Mathematical Problems in Engineering,2022年2022 ISSN:1024-123X
通讯作者:
Liang, S.
作者机构:
[Liang, Shi] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430073, Hubei, Peoples R China.
通讯机构:
School of Economics and Business Administration, Central China Normal University, Hubei, Wuhan, China
摘要:
With the booming of big data in finance, data mining technologies, as a new method of data statistics, have made superior economic applications available to researchers. Based on the relationship between shadow banking and interest rate liberalization, this paper intended to analyze the bidirectional relationship between shadow banking and interest rate liberalization using big data mining technologies. The relationship between data mining and the economic application of shadow banking was proven using data from 2014 to 2021. On this basis, this paper identified the bidirectional influence between shadow banking and interest rate liberalization. The findings show that shadow banking has positive contributions to the liberalization of interest rate, and the interest rate distortion resulting from interest rate control also drives the development of shadow banking. Moreover, feasible suggestions have been proposed for supervision on policies.
作者机构:
[Yan, Ziwei; Cui, Chunying] Wenhua Coll, Dept Econ & Management, Wuhan 430074, Peoples R China.;[Cui, Chunying] Cent China Normal Univ, Sch Econ & Business Management, Wuhan 430074, Peoples R China.
通讯机构:
[Chunying Cui] D;Department of Economics and Management, Wenhua College, Wuhan 430074, China<&wdkj&>School of Economics and Business Management, Central China Normal University, Wuhan 430074, China
关键词:
carbon emission reduction;energy consumption;west to east natural gas pipeline project
摘要:
Abstract: As a public infrastructure, the West to East Natural Gas Pipeline Project (WENGPP), acting as a key supplier of energy, has adopted a potential approach to reduce CE by expanding Natural gas (NG) power in the developed areas in China. However, the literature pertaining to the effects of the efforts made by WENGPP to reduce CE remains scant. Therefore, this study applied the causal inference framework—Regression Discontinuity Design (RDD) to the Guangdong province, which was chosen as a case in point that provides empirical evidence related to the nexus between WENGPP and CE. Remarkably, our results disclosed that WENGPP had caused the total volume of CE in Guangdong province to decline notably. Both short and long-term emission inhibition effects approximated 10.68–14.96%. We revealed two CE reduction mechanisms: (i) through the low-carbon emission trade-off effect, wherein NG consumers were able to gain emission advantages under policy pressure; and (ii) through price comparison effect, where high combustion efficiency of NG consumers combined with low energy consumption costs could provide the incentive of promoting the optimization of regional emission structure. The article suggests a substitutable channel upgrading public energy infrastructure to improve the low-carbon alternative process, to policy makers. Keywords: west to east natural gas pipeline project; carbon emission reduction; energy consumption