1072 papers
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.
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.
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.
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.
Drawing on public choice theory, this paper argues that domestic political incentives often drive states to overuse geoeconomic leverage for short-term gains, thereby eroding their long-term strategic power unless restrained by domestic opposition from firms bearing the costs.
This paper investigates the suitability of basic payment accounts for fostering financial inclusion among Romania's marginalized population by analyzing the user journey through financial institutions and identifying four key vulnerability types: information, supply, redress, and impact.
This study utilizes a 35-year panel dataset and a two-way fixed effects model to empirically analyze how India's Act East Policy has influenced the sourcing patterns and concentration of its machinery and electrical equipment imports from strategic Asian partners compared to other regional and non-Asian sources.
This paper employs a Bayesian DSGE model grounded in New Keynesian theory to analyze Ghana's monetary policy, revealing that while the Central Bank responds aggressively to inflation with significant transmission lags, the economy is characterized by highly impatient households and a strong link between economic activity and inflation.
This paper demonstrates that Transocean's classification as a "zombie" firm is contingent on the specific diagnostic metric used, revealing that non-bank financing channels and industry-specific structures allow offshore drillers to survive despite failing interest-coverage tests, thereby highlighting the sensitivity of aggregate zombie counts to accounting definitions and the need for targeted policy interventions.
This paper argues that the 2002–2025 distress in the offshore drilling industry was primarily triggered by supply and commodity-price shocks that created structural overcapacity, with credit issues acting only as a lagged amplifier for high-leverage firms, while the persistence of this "zombie" capacity is driven by behavioral anchoring to past price peaks and rigid supply constraints.