scholarly journals CONVERGENCE ANALYSIS OF ENVIRONMENTAL EFFICIENCY FROM THE PERSPECTIVE OF ENVIRONMENTAL REGULATION: EVIDENCE FROM CHINA

2020 ◽  
Vol 26 (5) ◽  
pp. 1074-1097
Author(s):  
Suling Feng ◽  
Haoyue Wu ◽  
Guoxiang Li ◽  
Liping Li ◽  
Wenting Zhou
Keyword(s):  
Environmental Regulation ◽  
Direct Investment ◽  
Fixed Effects ◽  
Environmental Efficiency ◽  
Outward Foreign Direct Investment ◽  
Fixed Effects Model ◽  
Transmission Effect ◽  
Convergence Trend ◽  
Threshold Regression Model ◽  
The Impact

The aim of this paper is to analyze the impact of environmental regulation on regional environmental efficiency convergence using the fixed effects model and threshold regression model. The results show that the differences in environmental efficiency have a convergence trend in China, as well as in the eastern, central and western regions. The effect of environmental regulation on regional environmental efficiency is inhibition first and then promotion, research and development investment and outward foreign direct investment have a positive transmission effect; when environmental regulation intensity exceeds a certain threshold, the growth rate of environmental efficiency in the central and western regions will be significantly higher than that in the eastern regions.

scholarly journals The Impact of Foreign Direct Investment, Capital Formation, Inflation, Money Supply and Trade Openness on Economic Growth of Asian Countries

2020 ◽  
Vol 2 (1) ◽  
pp. 25-34
Author(s):  
Xiuyun Yang ◽  
Muhammad Nouman Shafiq
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Money Supply ◽  
Direct Investment ◽  
Fixed Effects ◽  
Trade Openness ◽  
Capital Formation ◽  
Fixed Effects Model ◽  
Asian Countries ◽  
The Impact

Economic growth is currently an essential phenomenon for emerging countries worldwide and has gained the researchers' intentions. Thus, the current study aims to examine the role of foreign direct investment (FDI), capital formation, inflation, money supply, and trade openness on the economic growth of Asian countries. The data has been extracted from the twenty emerging Asian countries from 2007 to 2018 using the most popular database named World Development Indicators (WDI). The fixed-effects model, along with the robust standard error, has been used for checking the impact of predictors on the economic growth of Asian countries. The results revealed that the predictors such as FDI, capital formation, money supply, and trade openness have positive association with economic growth, while inflation has a negative association with the economic growth of Asian countries. These findings are suitable for the new arrivals who want to examine this area in the future and for the regular traders who want to develop policies related to economic growth.

The Impact of Foreign Direct Investment on Home Country Exports

2018 ◽  
Vol 09 (01n02) ◽  
pp. 1850005
Author(s):  
Vera Silva ◽  
Rosa Forte
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Fixed Effects ◽  
Manufacturing Industry ◽  
Home Country ◽  
Theoretical Point ◽  
Fixed Effects Model ◽  
Entry Modes ◽  
The Impact ◽  
The Relationship

Exports and foreign direct investment (FDI) are two alternative foreign markets entry modes. From a theoretical point of view, there are arguments which support two different relationships between FDI and exports: complementary and substitution. Most empirical studies, however, have concluded with a complementary relationship. Since existing studies at more disaggregated levels have focused solely on the manufacturing industry, this paper aims at studying the relationship between FDI and home country exports based on a large sample of Portuguese firms, belonging to manufacturing and services, for the period 2006–2012. Using a fixed-effects model, results obtained suggest that the control of heterogeneity between firms is essential to clarify the relationship between FDI and exports and this has been a factor often overlooked.

Heterogeneity perspective effect of environmental regulation on enterprise export products switching: Evidence from Chinese firm-level data

2020 ◽  
pp. 002072092098349
Author(s):  
Yuegang Song ◽  
Xiazhen Hao ◽  
Xin Shen ◽  
Yang Jing
Keyword(s):  
Environmental Regulation ◽  
Fixed Effects ◽  
Environmental Regulations ◽  
Empirical Test ◽  
High Tech ◽  
Export Trade ◽  
Fixed Effects Model ◽  
Chinese Firm ◽  
Industrial Enterprises ◽  
The Impact

Under the constraint of enterprise heterogeneity, environmental regulation will affect the re-allocation of resources among products. Appropriate product switching can make China’s export trade powerful, promote the high-quality development of export trade, and realize the win-win situation between environmental protection and export trade. Based on the related theories of environmental economics and international trade, this paper uses the matching data of China’s industrial enterprises and customs import and export trade in 2000–2013, then uses the fixed-effects model to test a total of 410,326 samples of 114,897 enterprises. We empirically analyzed the impact of environmental regulations on the export products switching from the perspective of heterogeneity. We found that: the intensity of environmental regulations is positively correlated with the total switching rate of export products, the increase rate of export products and the export product obsolescence rate. Environmental regulations have a greater impact on the export products switching of general trade enterprises than on processing trade; the impact on private and foreign enterprises is greater than that on state-owned enterprises; the impact on high-tech enterprises is greater that than on low and medium-tech enterprises; through theoretical analysis and empirical test, this paper reveals the mechanism and its promotion effect of environmental regulations on the export products switching of heterogeneous Chinese enterprises, which provides theoretical and practical support for the enhancement of China’s export products international competitiveness and environmental improvement.

Dampak Kebijakan Moneter Pada Output Di Negara-Negara ASEAN Tahun 1980-2014

2017 ◽  
Vol 4 (1) ◽  
pp. 58-70
Author(s):  
Nur Widiastuti
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Fixed Effects ◽  
Empirical Studies ◽  
Negative Relationship ◽  
Least Square ◽  
Fixed Effects Model ◽  
State Data ◽  
Ordinary Least Square ◽  
The Impact

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.Keyword: Monetary Policy, Output, Panel Data, Fixed Effects Model

scholarly journals Cultural and Creative Cities and Regional Economic Efficiency: Context Conditions as Catalyzers of Cultural Vibrancy and Creative Economy

2021 ◽  
Vol 13 (13) ◽  
pp. 7150
Author(s):  
Silvia Cerisola ◽  
Elisa Panzera
Keyword(s):  
Fixed Effects ◽  
Local Context ◽  
Creative Economy ◽  
Fixed Effects Model ◽  
Creative Cities ◽  
Economic Output ◽  
Innovative Methodology ◽  
Holistic Conception ◽  
Panel Fixed Effects ◽  
The Impact

Following the hype that has been given to culture and creativity as triggers and enhancers of local economic performance in the last 20 years, this work originally contributes to the literature with the objective of assessing the impact of cultural and creative cities (CCCs) on the economic output of their regions. In this sense, the cultural and creative character of cities is considered a strategic strength and opportunity that can spillover, favoring the economic system of the entire regions in which the cities are located. Through an innovative methodology that exploits a regional production function estimated by a panel fixed effects model, the effect of cities’ cultural vibrancy and creative economy on the output of their regions is econometrically explored. The data source is the Cultural and Creative Cities Monitor (CCCM) provided by the JRC, which also allows the investigation of the possible role played by the enabling environment in catalyzing the action of cultural vibrancy and creative economy. The results are thoroughly examined: especially through cultural vibrancy, CCCs strategically support the output of their region. This is particularly the case when local context conditions—such as human capital and education, openness, tolerance and trust, and quality of governance—catalyze their effect. Overall, CCCs contribute to feeding a long-term self-supporting system, interpreted according to a holistic conception that includes economic, social, cultural, and environmental domains.

scholarly journals The impact of FDI on environmental technology innovation from the perspective of environmental regulation

2020 ◽  
Vol 206 ◽  
pp. 02001
Author(s):  
Ziting Wei
Keyword(s):  
Environmental Regulation ◽  
Technology Innovation ◽  
Negative Impact ◽  
Positive Impact ◽  
Inhibitory Effect ◽  
Market Demand ◽  
Environmental Technology ◽  
Industrial Enterprises ◽  
Threshold Regression Model ◽  
The Impact

Based on the perspective of environmental regulation, this paper selects panel data of 30 provinces in China from 2011 to 2016, establishes Hansen panel threshold regression model, and investigates the impact of FDI on environmental technology innovation of industrial enterprises in China under the threshold of environmental regulation. The results show that FDI has a significant inhibitory effect on the environmental technological innovation of industrial enterprises; the effect has a significant dual threshold of environmental regulation, with the intensity of environmental regulation across the threshold, the negative impact of FDI gradually weakened; market demand and industry scale have a significant positive impact, the role of technological progress is not significant. The findings of this paper provide a certain reference for the rational use of environmental regulation policies, the maximization of FDI technology spillover, the promotion of environmental technology innovation of industrial enterprises, and the realization of “win-win” of environment and economy.

scholarly journals The Impact Of Good Corporate Governance To Manufacturing Firm’s Profitability And Firm’s Value

2016 ◽  
Vol 5 (2) ◽  
pp. 181-196 ◽  
Author(s):  
Johanes Sumarno ◽  
Sendy Widjaja ◽  
Subandriah Subandriah
Keyword(s):  
Corporate Governance ◽  
Fixed Effects ◽  
Negative Impact ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Fixed Effects Model ◽  
Good Corporate Governance ◽  
Oecd Principles ◽  
Equitable Treatment ◽  
The Impact

This paper studied the behavior of management toward the implementation of Good Corporate Governance in Indonesia to determine whether it has any influence towards profitability and its implication to the Manufacturing Firms’ value publicly listed in Indonesian Stock Exchange. There were 41 corporations who met the criteria of the survey. The data were analyzed using Panel Regression with fixed effects Model. The empirical findings show that the implementation of Corporate Governance in Indonesia has a positive, significant and direct impact toward firms’ profitability and firms’ value. Corporate Governance principles based on OECD principles that have positive and significant impact to both profitability and Firms’ Valueis Rights of Shareholders, Role of Stakeholders, Responsibilities of the Board Commissioners and Board of Directors. The principles that have significance and negative impact towards corporate profitability and value, are: Equitable treatment of shareholders and Disclosure and Transparencies. The most significant principle influencing profitability and firms’ value is Disclosure and Transparencies. Profitability plays a greater role in influencing Manufacturing Firms’ value in Indonesia. DOI: 10.15408/sjie.v5i2.3542

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