Economic Modelling

Article	Citations
Is gold a hedge or a safe-haven asset in the COVID–19 crisis?	294
ICT diffusion, financial development, and economic growth: An international cross-country analysis	249
Impact of the digital economy on high-quality urban economic development: Evidence from Chinese cities	223
Economic policy uncertainty and financial stability–Is there a relation?	190
Can enterprise digitization improve ESG performance?	180
Market-based environmental regulation and total factor productivity: Evidence from Chinese enterprises	177
Economic growth, corruption, and financial development: Global evidence	144
The static and dynamic connectedness of environmental, social, and governance investments: International evidence	139
Foreign direct investment and economic growth: Is more financial development better?	113
The joint spillover index	112
Policy-related risk and corporate financing behavior: Evidence from China’s listed companies	99
BitCoin: A new basket for eggs?	87
Revisiting the roles of cryptocurrencies in stock markets: A quantile coherency perspective	86
Carbon emissions and default risk: International evidence from firm-level data	84
Financial inclusion and agricultural total factor productivity growth in China	83
Public debt and economic growth in developing countries: Nonlinearity and threshold analysis	82
Research on the influence of manufacturing agglomeration modes on regional carbon emission and spatial effect in China	81
Does carbon control policy risk affect corporate ESG performance?	75
Quantile spillovers and dependence between Bitcoin, equities and strategic commodities	71
The link between intellectual property rights, innovation, and growth: A meta-analysis	67
Does non-fundamental news related to COVID-19 matter for stock returns? Evidence from Shanghai stock market	66
Being nice to stakeholders: The effect of economic policy uncertainty on corporate social responsibility	64
ESG and firm performance: The role of size and media channels	63
Uncertainty, financial development, and FDI inflows: Global evidence	62
Is uncertainty the same everywhere? Advanced versus emerging economies	62

How does government intervention affect the formation of zombie firms?	61
Country governance, corruption, and the likelihood of firms’ innovation	60
Does environmental regulation promote enterprise profitability? Evidence from the implementation of China's newly revised Environmental Protection Law	60
Economic policy uncertainty and green innovation: Evidence from China	60
Can human development and political stability improve environmental quality? New evidence from the MENA region	55
The role of robot adoption in green innovation: Evidence from China	55
Returns and volume: Frequency connectedness in cryptocurrency markets	53
Does retail investor attention improve stock liquidity? A dynamic perspective	52
Environmental decentralization and innovation in China	51
How diversification affects bank performance: The role of human capital	49
Can government improve tax compliance by adopting advanced information technology? Evidence from the Golden Tax Project III in China	48
Does artificial intelligence affect the pattern of skill demand? Evidence from Chinese manufacturing firms	48
A new comprehensive database of financial crises: Identification, frequency, and duration	47
Explain or conceal? Causal language intensity in annual report and stock price crash risk	47
How do zombie firms affect China’s industrial upgrading?	47
Foreign aid volatility and economic growth in Sub-Saharan Africa: Does institutional quality matter?	46
Effect of financial development on innovation: Roles of market institutions	46
How does producer services’ agglomeration promote carbon reduction?: The case of China	45
Business strategy, corporate social responsibility, and within-firm pay gap	44
The long and short-term effects of environmental tax on energy efficiency: Perspective of OECD energy tax and vehicle traffic tax	44
Comparing asymmetric price efficiency in regional ESG markets before and during COVID-19	43
How do financial spatial structure and economic agglomeration affect carbon emission intensity? Theory extension and evidence from China	43
The peer effect of digital transformation and corporate environmental performance: Empirical evidence from listed companies in China	42
Financial spillovers and spillbacks: New evidence from China and G7 countries	42
Which types of commodity price information are more useful for predicting US stock market volatility?	41
Risk attitude, financial literacy and household consumption: Evidence from stock market crash in China	41
Insurance activity, real output, and geopolitical risk: Fresh evidence from BRICS	40
Does economic convergence hold? A spatial quantile analysis on European regions	40
Determinants of corporate default risk in China: The role of financial constraints	40
How do powerful CEOs influence corporate environmental performance?	40
The People’s bank of China’s response to the coronavirus pandemic: A quantitative assessment	40
Does neighboring green development benefit or suffer from local economic growth targets? Evidence from China	40
How does religious belief promote farmer entrepreneurship in rural China?	40
Can government subsidies improve innovation performance? Evidence from Chinese listed companies	39
What are the effects of economic globalization on CO2 emissions in MENA countries?	38
Impact of income inequality and fiscal decentralization on public health: Evidence from China	37
Government subsidies, enterprise operating efficiency, and “stiff but deathless” zombie firms	37
Is greenness an optimal hedge for sectoral stock indices?	36
Is Textual Tone Informative or Inflated for Firm’s Future Value? Evidence from Chinese Listed Firms	36
Effects of political promotion on local firms’ social responsibility in China	36
Financial contagion and contagion channels in the forex market: A new approach via the dynamic mixture copula-extreme value theory	35
Do auditors respond to stringent environmental regulation? Evidence from China’s new environmental protection law	35
Identifying bubbles and the contagion effect between oil and stock markets: New evidence from China	34
Are sustainable investments interdependent? The international evidence	34
Macroeconomic consequences of the COVID-19 pandemic	34
The impact of external R&D financing on innovation process from a supply-demand perspective	33
Business creation, innovation, and economic growth: Evidence from China’s economic transition, 1978–2017	33
Robot adoption and export performance: Firm-level evidence from Spain	32
Business and institutional determinants of Effective Tax Rate in emerging economies	32
FDI, corruption and financial development around the world: A panel non-linear approach	32

Household financial vulnerability in Indonesia: Measurement and determinants	32
The impact of remittances on savings, capital and economic growth in small emerging countries	32
Convergence in OPEC carbon dioxide emissions: Evidence from new panel stationarity tests with factors and breaks	32
Does innovation stimulate employment? Evidence from China	31
Do green bonds de-risk investment in low-carbon stocks?	30
Fostering firm productivity through green finance: Evidence from a quasi-natural experiment in China	30
Corporate ESG rating and stock market liquidity: Evidence from China	30
The relationship between green bonds and conventional financial markets: Evidence from quantile-on-quantile and quantile coherence approaches	30
Financial development, reforms and growth	30
Skill-biased technological change and labor market polarization in China	29
The impact of public participation in environmental behavior on haze pollution and public health in China	29
The transmission mechanisms of macroprudential policies on bank risk	29
Intersectoral systemic risk spillovers between energy and agriculture under the financial and COVID-19 crises	29
Returns, volatility and the cryptocurrency bubble of 2017–18	29
Does the implementation of green credit policy improve the ESG performance of enterprises? Evidence from a quasi-natural experiment in China	29
Does corruption matter for stock markets? The role of heterogeneous institutions	29
Emerging markets sovereign CDS spreads during COVID-19: Economics versus epidemiology news	28
Institutional quality and FDI location: A threshold model	28
Does digital finance promote household consumption upgrading? An analysis based on data from the China family panel studies	28
How do VAT reforms in the service sectors impact TFP in the manufacturing sector: Firm-level evidence from China	28
Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty	28
Institutional investors' site visits and corporate social responsibility: Evidence from China	28
Assessing India’s productivity trends and endogenous growth: New evidence from technology, human capital and foreign direct investment	27
International firm activities, R&D, and productivity: Evidence from Indian manufacturing firms	27
Foreign bank presence, institutional quality, and financial inclusion: Evidence from Africa	26
Input servitization, global value chain, and carbon mitigation: An input-output perspective of global manufacturing industry	26
Increasing public investment can be an effective policy in bad times: Evidence from emerging EU economies	26
Financial distress prediction by combining sentiment tone features	26
Does economic policy uncertainty dampen imports? Commodity-level evidence from India	25
Emission taxes and environmental R&D risk choices in a duopoly market	25
Does waste management affect firm performance? International evidence	25
Do independent directors restrain controlling shareholders’ tunneling? Evidence from a natural experiment in China	25
Migration history, hukou status, and urban household consumption	25
Multidimensional financial development, exporter behavior and export diversification	24
COVID-19 and erosion of democracy	24
Statehood experience and income inequality: A historical perspective	24
Steps in industrial development through human capital deepening	24
Measuring systemic risk in the global banking sector: A cross-quantilogram network approach	24
Does administrative decentralization enhance economic growth? Evidence from a quasi-natural experiment in China	24
Effects of investor sentiment on stock return volatility: A spatio-temporal dynamic panel model	24
Chief executive officer (CEO)’s rural origin and internal control quality	24
Recessions and total factor productivity: Evidence from sectoral data	24
Anti-corruption and CEO compensation: Evidence from a natural experiment in China	24
State-owned enterprises and economic growth: Evidence from the post-Lehman period	24
Digitalization, financial inclusion, and small and medium-sized enterprise financing: Evidence from China	24
CO2 emissions, energy consumption, and economic growth: Determining the stability of the 3E relationship	23
Asymmetries in the transmission of oil price shocks to inflation in the eurozone	23
Portfolio constructions in cryptocurrency market: A CVaR-based deep reinforcement learning approach	23
Strategic or substantive green innovation: How do non-green firms respond to green credit policy?	23
Credit rationing, innovation, and productivity: Evidence from small- and medium-sized enterprises in China	23
Do technological investments promote manufacturing productivity? A firm-level analysis for India	23
The dynamics of global financial cycle and domestic economic cycles: Evidence from India and Indonesia	23
Role of global, regional, and advanced market economic policy uncertainty on bond spreads in emerging markets	23
The golden hedge: From global financial crisis to global pandemic	22
Monetary–fiscal policy regime and macroeconomic dynamics in China	22
The Daily Economic Indicator: tracking economic activity daily during the lockdown	22
High-speed rails and rural-urban migrants’ wages	22
Does stock market liberalization mitigate litigation risk? Evidence from Stock Connect in China	22
Global supply chain shifting: A macro sense of production relocation based on multi-regional input-output table	22
Finance, globalisation, technology and inequality: Do nonlinearities matter?	22
Club convergence in European housing prices: The role of macroeconomic and housing market fundamentals	22
Risk tolerance and household wealth--Evidence from Chinese households	22
The corruption and income inequality puzzle: Does political power distribution matter?	22
China-US trade friction and welfare: The role of regional trade agreements	21
Effect of trade and economic policy uncertainties on regional systemic risk: Evidence from ASEAN	21
Stock market mispricing and firm innovation based on path analysis	21
Social media sentiment, model uncertainty, and volatility forecasting	21
Firm-specific investor sentiment for the Chinese stock market	21
Economic Modelling at thirty-five: A retrospective bibliometric survey	21
A spatial difference-in-differences approach to evaluate the impact of light rail transit on property values	21
China's liberalizing stock market, crude oil, and safe-haven assets: A linkage study based on a novel multivariate wavelet-vine copula approach	21
Effects of Saudi Arabia’s economic reforms: Insights from a DSGE model	21
Scopes of carbon emissions and their impact on green portfolios	21
The Impact of Social Insurance Law on Corporate Innovation: Evidence from a quasi-natural experiment	21
Digital technologies and productivity: A firm-level investigation	21
Inflation, economic growth and education expenditure	21
Reducing children's malnutrition by increasing mothers' health insurance coverage: A focus on stunting and underweight across 32 sub-Saharan African countries	21
Determinants and consequences of SME insolvency risk during the pandemic	20
Time-varying effect of uncertainty shocks on unemployment	20
Local governments’ environmental targets and green total factor productivity in Chinese cities	20

Words and deeds in managing expectations: Empirical evidence from an inflation targeting economy	20
Financial cycle and business cycle: An empirical analysis based on the data from the U.S	20
Exchange rate induced export quality upgrading: A firm-level perspective	20
Investor sentiment and stock price: Empirical evidence from Chinese SEOs	20
Symbolic transfer entropy test for causality in longitudinal data	20
Do stronger intellectual property rights protections raise productivity within the context of trade liberalization? Evidence from China	20
How FinTech improves financial reporting quality? Evidence from earnings management	20
Intraday return predictability in China’s crude oil futures market: New evidence from a unique trading mechanism	20
Sharing is caring: Spillovers and synchronization of business cycles in the European Union	19
Environmental policies with consumer-friendly firms and cross-ownership	19
Optimal branching strategy, local financial development, and SMEs’ performance	19
Trade protectionism and US manufacturing employment	19
Corporate tax avoidance, economic policy uncertainty, and the value of excess cash: International evidence	19
Tax incentives and corporate social responsibility: The role of cash savings from accelerated depreciation policy	19
How do external resources influence a firm's green innovation? A study based on absorptive capacity	19
Food security in Kenya: Insights from a household food demand model	19
How does oil price volatility affect unemployment rates? A dynamic stochastic general equilibrium model	19
Air pollution and corporate green innovation in China	19
Is market liquidity less resilient after the financial crisis? Evidence for US Treasuries	18
Hazardous lending: The impact of natural disasters on bank asset portfolio	18
How does digital finance affect regional innovation capacity? A spatial econometric analysis	18
Systemic risk: The coordination of macroprudential and monetary policies in China	18
Governance on water pollution: Evidence from a new river regulatory system of China	18
Economic and social impacts of conflict: A cross-country analysis	18
Quality as a latent heterogeneity factor in the efficiency of universities	18
Does regional air quality affect executive turnover at listed companies in China?	18
Are microfinance institutions resilient to economic slowdown? Evidence from their capital ratio adjustment over the business cycle	18
Connectedness between fossil and renewable energy stock indices: The impact of the COP policies	18
Does environmental regulation affect the labor income share of manufacturing enterprises? Evidence from China	18
The impact of insurance on pollution emissions: Evidence from China's environmental pollution liability insurance	18
Do tax reforms affect income distribution? Evidence from developing countries	17
Shadow prices of industrial air pollutant emissions in China	17
Governmental inspection and firm environmental protection expenditure: Evidence from China	17
Forecasting macroeconomic effects of stablecoin adoption: A Bayesian approach	17
Clean energy deserves to be an asset class: A volatility-reward analysis	17
Heterogeneous investor attention and post earnings announcement drift: Evidence from China	17
Economic forecasting with evolved confidence indicators	17
A model for calculating optimal credit guarantee fee for small and medium-sized enterprises	17
Wages, labor quality, and FDI inflows: A new non-linear approach	17
Demographic change, technological advance, and growth: A cross-country analysis	17
Carbon performance and firm value of the World's most sustainable companies	17
Changing transmission of monetary policy on disaggregate inflation in India	17
Opening the black box of capacity governance: Environmental regulation and capacity utilization of microcosmic firms in China	16
Nonlinearity matters: The stock price – trading volume relation revisited	16
Modeling R&D spillovers to productivity: The effects of tax credits	16
Minority shareholder activism and corporate social responsibility	16
Unconventional monetary policy and inflation expectations in the Euro area	16
The contribution of food subsidy policy to monetary policy in India	16
Do intangible assets provide corporate resilience? New evidence from infectious disease pandemics	16
On the behavior of Okun's law across business cycles	16
Does high external debt predict lower economic growth? Role of sovereign spreads and institutional quality	16
What drives bilateral foreign direct investment among Asian economies?	16
Place-based policies, administrative hierarchy, and city growth: Evidence from China	16
Robust enhanced indexation with ESG: An empirical study in the Chinese Stock Market	15
Union wage premia and wage inequality in South Africa	15
Educational attainment, corruption, and migration: An empirical analysis from a gravity model	15
Forecasting natural gas prices using highly flexible time-varying parameter models	15
Total factor productivity (TFP) and fiscal consolidation: How harmful is austerity?	15
Default clustering of the nonfinancial sector and systemic risk: Evidence from China	15
Import to invest: Impact of cultural goods on cross-border mergers and acquisitions	15
What drives cross-country differences in export variety? A bilateral panel approach	15
Does bank shareholding impact corporate innovation? Evidence from China	15
Investigating the asymmetric impact of oil prices on GCC stock markets	15
Intraday momentum and return predictability: Evidence from the crude oil market	15
Does social security policy matter for corporate social responsibility? Evidence from a quasi-natural experiment in China	15
Social trust and environmental performance in China: Does state ownership matter?	15
Asymmetric effects of monetary policy and output shocks on the real estate market in China	15
E-QUEST: A multisector dynamic general equilibrium model with energy and a model-based assessment to reach the EU climate targets	15
Environmental expenditure interactions among OECD countries, 1995–2017	15
Are you puffing your Children's future away? Energy poverty and childhood exposure to passive smoking	15
The effects of policy uncertainty on bank loan loss provisions	15
Can exporting resolve overcapacity? Evidence from Chinese steel companies	14
From SARS to COVID-19: The evolving role of China-ASEAN production network	14
Impact of bilateral trade on fossil energy consumption in BRICS: An extended decomposition analysis	14
Vaccination policy and trust	14
How does environmental regulation affect productivity? The role of corporate compliance strategies	14
Forecasting dividend growth: The role of adjusted earnings yield	14
Investigating the dynamic relationship between litigation funding, gold, bitcoin and the stock market: The case of Australia	14
Tariff liberalization and firm-level markups in Indian manufacturing	14
Leverage, competition and financial distress hazard: Implications for capital structure in the presence of agency costs	14
Does happiness drive tourism decisions?	14
Drivers of China's high-quality development: The role of intangible factors	14
Antidumping and heterogeneous quality adjustment of multi-product firms: Evidence from Chinese exporters	14
Export, FDI and the welfare gains from trade liberalization	14
Impact of tighter controls on Japanese chemical exports to Korea	14
Corruption, firm productivity, and gains from import liberalization in China	14
Mobile money, ICT, financial inclusion and growth: How different is Africa?	14
Testing for integration and cointegration when time series are observed with noise	14
Social insurance premiums and corporate cash holdings: Evidence from social insurance law in China	14
When did global warming start? A new baseline for carbon budgeting	13
Innovation convergence clubs and their driving factors within urban agglomeration	13
Conference presentations and academic publishing	13
Are remittances and foreign aid interlinked? Evidence from least developed and developing countries	13
Local peers and firm misconduct: The role of sustainability and competition	13
Top-income data and income inequality correction in China	13