📈 economics

Does Financial Innovation Promote Smart City Development? The Single Threshold of Government Digital Governance Capacity

Using Chinese provincial panel data from 2010 to 2023, this study demonstrates that financial innovation significantly promotes smart city development, an effect that is amplified by higher marketization and regional openness, and critically depends on government digital governance capacity surpassing a specific threshold to unlock enhanced marginal contributions through increased regional innovation vitality.

Wenzhe Yu, Mengwei He2026-07-31
📈 economics

Water Scarcity, Policy Responses and Gender Inequality: Evidence from South Africa

Using a CGE–microsimulation framework, this study finds that while South Africa's projected water scarcity severely harms the economy and disproportionately affects female-headed households, policy responses like efficiency improvements are more inclusive than supply-side expansions, which tend to exacerbate poverty and gender inequality despite stimulating growth.

Ibrahim Kabore, Helene Maisonnave, Jean-Marc Montaud2026-07-31
📈 economics

The Structural Parameters of Scientific Knowledge Production: Panel Evidence on Homogeneity, Quality, and Global Redistribution

This paper analyzes panel data from 181 countries to reveal that while scientific volume growth is driven by compounding knowledge stocks leading to a projected decline in G8 dominance, scientific quality relies on human capital and institutional factors, creating a critical divergence where volume leadership may not guarantee enduring quality leadership.

Johannes W. Fedderke2026-07-31
📈 economics

Dynamic tail risk connectedness in different types of rare earth metals markets during major geopolitical events

This study employs a Quantile on Quantile Connectedness framework to reveal that China's rare earth markets exhibit asymmetric, nonlinear spillovers where Light Rare Earth Metals consistently act as dominant shock transmitters, particularly under bullish conditions and during major geopolitical crises, offering critical insights for risk management and supply chain security.

Sheena Rehman, Hayfa Kazouz, Mohammad Subhan2026-07-31
📈 economics

Does Landlord Tax Enforcement Raise Rents? Bounding the Incidence of Türkiye’s Formalization Campaign with a New-Tenant Rent Index

This paper demonstrates that while Türkiye's 2024–2025 landlord tax enforcement campaign coincided with rising rents, rigorous analysis reveals that the surge was primarily driven by the expiration of a rent cap rather than tax pass-through, with the campaign's actual contribution to rent increases estimated at only about 6%.

Kerem Yavuz ARSLANLI2026-07-31
📈 economics

Navigating the Sustainability Paradox: How Corporate Governance Mechanisms Balance Profitability and ESG Mandates in Traditional Industries

This paper proposes Dynamic Governance Ambidexterity (DGA), a novel institutional framework that integrates real-time shadow carbon and social pricing algorithms into executive compensation and capital allocation to help traditional asset-heavy industries resolve the sustainability paradox by transforming ESG liabilities into competitive assets.

Elham Rezaei2026-07-31
📈 economics

Technological Diversification or Structural Convergence? Türkiye's EPO Patent Portfolio in Comparative Perspective (2016-2025

This paper analyzes Türkiye's EPO patent portfolio from 2016 to 2025 to demonstrate that while the country achieved greater technological diversification and strengthened specialization in applied industrial fields, it experienced structural convergence with Europe's industrial profile rather than with the digital-electronics frontiers of the US or Asia.

Kamil TASCI2026-07-31