econ papers | Gist.Science

Transforming Strategic Green Resources into Corporate Sustainability Performance through Green Innovation in Indonesia's Palm Oil Industry

This study of Indonesia's palm oil industry reveals that while Green Human Capital and Green Capability directly enhance Corporate Sustainability Performance, Green Innovation acts as a selective mediator that translates Green Capability and Green Knowledge Management into sustainability outcomes, whereas Green Human Capital follows a distinct, non-mediated pathway.

Muhamaad Firdaus, Mafizatun Nurhayati, Mochamad Soelton2026-09-08

📈 economics

Panic or Prudence? Sectoral Herding Dynamics in India under extreme market conditions

This study analyzes ten years of data across four key Indian sectors and finds that investors exhibit anti-herding behavior under both normal and extreme market conditions, including the Covid-19 crisis, suggesting that Indian stock movements are fundamentally driven and reflect investor maturity.

Aditya Raj, Rakesh Shahani2026-09-08

📈 economics

Multi-period Mean-Variance Interval Portfolio Selection Model with Cardinality Constraints

This paper proposes a multi-period mean-variance interval portfolio selection model incorporating cardinality constraints and realistic market frictions, which is solved via forward dynamic programming and empirically validated to demonstrate that moderate portfolio size optimizes wealth while investor sentiment significantly amplifies returns over time.

Shili Dang2026-09-08

📈 economics

Routing Frictions and Executable Liquidity in Fragmented Markets

This paper demonstrates that while public blockchains provide transparent access to fragmented liquidity, high transaction-level routing costs on networks like Ethereum drastically erode potential multi-venue gains, revealing that economically integrated execution is an order-specific property determined by access costs rather than mere connectivity.

Wen-Ting Wang2026-09-08

📈 economics

Micro–stabilizers in a macro–storm: A panel GARCH analysis of ESG performance against volatility persistence

This study utilizes a panel GARCH model on CAC 40 firms to demonstrate that while strong ESG performance effectively mitigates firm-specific stock volatility, its risk-reducing capacity is significantly overwhelmed by systemic risks during periods of monetary tightening and high inflation.

AMIRA BERRAHAL2026-09-08

📈 economics

Identifying the effects of health insurance coverage on health care use when coverage is misreported and endogenous

This study utilizes linked survey and administrative data alongside multiple econometric methods to demonstrate that misreporting of private health insurance status significantly biases estimates of its impact on healthcare utilization, often leading to substantial overestimation of the effect on primary care and specialist visits.

Ha Trong Nguyen, Huong Thu Le, Christopher Blyth, Luke Connelly, Francis Mitrou2026-09-08

📈 economics

Unspontaneous Order: China’s Social Credit System as an Economic Institution

This paper argues that China's Social Credit System functions as an "unspontaneous order" designed to replicate the efficiency of the rule of law by reducing transaction costs through algorithmic monitoring, yet it ultimately risks undermining the Party's economic leadership by restricting the autonomy of lower-level officials who possess essential local knowledge.

Mark DeWeaver2026-09-08

📈 economics

Unveiling the Effect of Low-Carbon City Pilot Policy on Urban Ecological Resilience: Integration of DID and DML Models

This study utilizes an integrated difference-in-differences and dual machine learning model on panel data from 220 Chinese cities (2005–2022) to demonstrate that the low-carbon city pilot policy significantly enhances urban ecological resilience through industrial structure upgrading and green technology innovation, while revealing distinct spatiotemporal variations and heterogeneity across different city types.

Tiantian Gu, Hongtu Yan, Peipei Du, Zhi Kang, Dezhi Li2026-09-08

📈 economics

Uniform or Concentrated? Infrastructure-Induced Metric Deformation and Welfare in a One-Dimensional Spatial Economy

This paper develops a continuous-space New Economic Geography model on a unit circle to demonstrate that the welfare impact of infrastructure investment depends on a regime-dependent threshold, where uniform investment is optimal below a certain trade-cost level, but concentrated, low-frequency investment outperforms it in an agglomeration-resonant band when local trade costs are sufficiently high.

GU LUOLUO2026-09-08

📈 economics

Mirage of Success: Precarious Entrepreneurship, Long-term Unemployment, and Income Generation Challenges

This paper argues that self-employment following long-term unemployment constitutes a precarious "mirage of success" where individuals face a significant earnings penalty due to a lack of industry experience, resulting in incomes that offer only marginal relief from poverty.

Daniel Auguste, Phillip H Kim, Todd Nobles2026-09-08

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