Higher Economic Development Research Articles

Research on the Financial Cooperation and Economic Growth—Evidence from China and ASEAN

China has actively carried out financial cooperation with countries along the route, utilizing the new framework of financial cooperation to inject new momentum into economic growth. This paper measures the development level of China-ASEAN financial cooperation with the help of the China-ASEAN Financial Cooperation Index from 2000 to 2022, and empirically examines the impact of China-ASEAN financial cooperation on the economic growth of ASEAN countries through the fixed effect model. The study shows that China-ASEAN financial cooperation significantly contributes to the economic growth of ASEAN countries by advancing financial development, improving the degree of financial stability, and expanding financial openness. Heterogeneity analysis found that the promoting effect of China-ASEAN financial cooperation on economic growth is more pronounced in countries with high institutional quality and high economic development level.

Exploring the drivers of supply chain sustainability: An internal and external configuration perspective

AbstractThe global supply chains sustainability and viability has been severely impacted due to the emergence of black swan events such as COVID‐19. Previous studies have examined how to enhance supply chain sustainability from a single internal capability perspective or an external relationship perspective, few studies have examined the combined effects of internal and external factors to enhance supply chain sustainability. To fill this research gap, this study investigates the multivariate relationship from internal capabilities and external relationships mutually complementary perspective to improve supply chain sustainability. Grounded on dynamic capabilities theory and relational view, we put forward the supply chain dynamic capability construct under the internal perspective, and relationship construct with supply chain members under the external perspective. Based on the configuration theory, 270 data from enterprises were analyzed using fsQCA (fuzzy set qualitative comparative analysis), and the results shows that: first, there is no necessary condition for generating high supply chain sustainability, which means that individual factors do not lead to high supply chain sustainability; second, this study identified two paths to achieve high supply chain sustainability: capability‐driven and relationship‐driven, which reflects the multiple paths and complex mechanisms to achieve high supply chain sustainability; third, this study finds the important role of supply chain dynamic reconfiguring capability in forming high supply chain sustainability. These results can provide some theoretical guidance for enterprises to improve supply chain sustainability and achieve high quality economic development.

Distribution of Edentulism by the Macro Determinants of Health in 204 Countries and Territories: An Analysis of the Global Burden of Disease Study

ObjectiveTo carry out a comprehensive description of edentulism estimates by the macro determinants of health in 2000, 2010 and 2019 worldwide. MethodsThis ecological study analyzed data from the Global Burden of Disease Study (GBD) to describe the incidence rate, prevalence rate and years lived with disability (YLDs) rate due to edentulism by macro determinants of health (governance, macroeconomic policy, social policy, public policies, societal values), for 204 countries and territories. The estimates were reported as rates (cases/100,000 people), for people of both sexes aged 55 years or older. ResultsCountries belonging to the least privileged categories of the macro determinants showed the lowest prevalence rate, incidence rate, and YLD rate due to edentulism for all exposures. Countries with low government expenditure on health showed the lowest prevalence rate of edentulism in 2000 (18,972.1; 95 %CI 15,960.0 - 21,984.3) and 2010 (16,646.8; 95 %CI: 14,218.3–19,075.4) than those with high government expenditure on health in 2000 (25,196.6; 95 %CI: 23,226.9 - 27,166.2) and 2010 (21,014.7; 95 %CI: 19,317.9 - 22,711.5). Countries with low SDI showed the lowest YLDs in 2000 (321.0, 95 %CI: 260.1- 381.9), 2010 (332.0; 95 %CI: 267.7–396.3), and 2019 (331.6; 95 %CI: 266.6–396.5). ConclusionThe findings point to persistent inequalities in the distribution of edentulism between countries worldwide. The most privileged countries, with higher economic development, better governance, and better social and public policies, have shown higher rates of edentulism. Clinical SignificanceThis model must be reconsidered by advancing toward upstream and midstream strategies, beyond its conventional downstream clinical interventions.

Could environmental regulation effectively boost the synergy level of carbon emission reduction and air pollutants control? Evidence from industrial sector in China

In response to the pressure of combating climate change and enhancing air quality, China has tightened environmental regulations. In China, reducing carbon emissions and air pollutants together has become a critical target for environmental protection. However, no literature explores the impact of environmental regulation on the synergy level of reducing CO2 and air pollutants in the industrial sector. Therefore, this study explores whether environmental regulation could effectively boost the synergy level of carbon emission reduction and air pollutants control in China's industrial sector. We first construct an evaluation indicator system for synergistic emission reduction of CO2 and air pollutants (SO2, NOx, PM), then employs the coupled coordination model to evaluate the synergy level of emission reduction. Furthermore, we explore the impact pathway of environmental regulation on the synergy level of emission reduction. The results indicate that: (1) On the whole, the synergy level shows a slow upward trend, but remains insufficient from 2011 to 2020. (2) Overall, environmental regulation significantly boosts the synergy level of carbon emission reduction and air pollutants control. Regarding the impact pathway, industrial structure has a completely promoting effect, while technical progress exerts a suppressing effect. (3) In regions with higher economic development, environmental regulation has a greater positive influence on synergy level, and the suppressing effect of technical progress is weaker than in less developed regions. These findings could provide helpful references for policy making on synergistic emission reduction of industrial CO2 and air pollutants in China.

Digitization and Gender Income Gap Among Rural Migrants: Evidence from China

This article explores the role of digitization in the gender wage gap among rural migrants in China. With the rapid development of the digital economy, rural migrant workers have become an important part of society. Based on data source from National Health Commission of the People's Republic of China, we find that although digitization increases the overall income of rural migrant workers, it benefits males more than females, and the gender income gap among rural migrants is widening. According to our estimates, digitization significantly improves the mobility of females and requires more male physical workers than females, thus widening the gender income gap. Heterogeneity analysis shows that there are significant differences in the effect of digitization among those who have different education levels, marital status, ages, and the economic levels of the cities they have migrated to. The gender income gap widens when rural migrants have junior or high school education, are married, are young, and have migrated to cities with high economic development. Our findings highlight the effects of digitization across special social groups, providing micro-evidence of the digital economy's impact on the gender income gap and offering useful references for implementing digital strategies and public policies to social equity and sustainable development.

Role of Cultural Factors on Entrepreneurship Across the Diverse Economic Stages: Insights from GEM and GLOBE Data

Abstract This article conducts an exploration of culture’s roles on entrepreneurial activities among countries at different economic stages. Culture factors from the GLOBE are converted into motivation culture and hygiene culture. The framework of this research is derived from Herzberg’s motivation hygiene theory. Total entrepreneurial activity (TEA) and the ratio of opportunity-driven to necessity-driven entrepreneurship (OPP/NEC) from global entrepreneurship monitor (GEM) are taken as measures for both the quantity and quality of entrepreneurial behavior. Panel regression with fixed effects is employed to test both direct and interaction effects. The direct relations show that the improvement of economic conditions discourages the TEA, while promotes the OPP/NEC; motivation culture significantly promotes OPP/NEC, while makes no difference in TEA; and hygiene culture significantly promotes TEA, while reduces OPP/NEC. In terms of interactive effects, motivation culture reduces the containment of economic development on TEA, yet hygiene culture hurts its promotion on OPP/NEC; motivation culture mitigates hygiene culture’s stimulation of TEA, while hygiene culture damages motivation culture’s fostering of OPP/NEC. Finally, a global culture map of quadrant distribution diagram is visually drawn with the corresponding culture scores. Notably, countries or regions in quadrant IV with high motivation culture and low hygiene culture demonstrate the most favorable entrepreneurial quality as well as high economic development.

Efficiency and factors influencing China’s outward direct investment in ASEAN and the European Union: a comparative analysis

ABSTRACT This research examines China’s outward direct investment efficiency in ASEAN and the European Union (EU) using a stochastic frontier investment gravity model. We find that China’s investment efficiency in EU15 remained stable from 2003 to 2020, while efficiency in ASEAN and EU13 declined. China benefits from EU15’s advanced manufacturing and management technologies due to its high economic development. However, with an investment efficiency of 0.259, there is untapped potential. In ASEAN, factors like higher economic freedom positively impact China’s investment efficiency, and infrastructure opportunities negatively impact China’s investment efficiency. Economic distance positively affects China’s investment in EU countries, especially in EU15. But higher economic freedom intensifies global competition, limiting China’s direct investment, particularly in EU13. The EU’s infrastructure and updated investment agreements facilitate China’s investment, while the ‘Belt and Road’ initiative has limited impact.

Research on the Impact of Integration of Factor Markets in the Yangtze River Delta Region on High Quality Economic Development

The Yangtze River Delta region is the region with the strongest economic strength and the most intense inter provincial competition in China. While achieving rapid economic growth, there has also been a serious phenomenon of industrial structure convergence. Promoting high-quality development in the Yangtze River Delta region should start with promoting and supporting market integration in the region. To achieve the dual integration of "integration" and "high-quality" development, we cannot only focus on one aspect. The integrated development strategy of the Yangtze River Delta market is no longer only related to the economic development of the region, but also to the strategic choice of the overall national economy. A correct understanding of the development process and current situation of market integration in the Yangtze River Delta is beneficial for each region to clarify its own positioning and develop the optimal economic growth strategy for the region according to local conditions. It has important theoretical and practical significance for achieving regional coordination and narrowing regional differences. This article will study the impact mechanism of market integration in the Yangtze River Delta region on high-quality economic development from the perspective of factor markets and propose corresponding countermeasures and suggestions.

Spatial effect of biomass energy consumption on carbon emissions reduction: the role of globalization.

As globalization proceeds, increasing biomass energy consumption is an important pathway to replace fossil fuels for tackling climate change by reducing emissions. This study explores the spatial spillover effect in biomass energy carbon reduction, which is frequently ignored when investigating environmental factors. It uncovers whether globalization and its dimensions can strengthen the spatial effect of biomass energy carbon reduction. Besides, we reveal whether biomass energy consumption can promote CO2 emissions reduction while ensuring economic progress. Results show that (1) owing to the spillover effect, biomass energy consumption plays a significant role in direct and indirect enhancing carbon emissions reduction, with their feedback effects of - 0.003 or 3.3% of the direct effect. (2) Increasing overall, social and political globalization enhances biomass energy consumption's carbon reduction effect. (3) In countries with higher economic development, overall, economic and political globalization has a better promotion in the spatial effect of biomass energy carbon reduction. (4) Developing biomass energy can support the environment quality while enhancing economic growth.

Research on Digital Economy and High Quality Development of Regional Economy

<p>The experience of developed countries shows that digital economy can promote high -quality economic development. By constructing a comprehensive evaluation index system, this paper measures the digital economy and high quality economic development level of Zhejiang province from 2013 to 2019. First, the coupling model is used to measure the dynamic evolution process of digital economy and high-quality economic development, then the general linear linear regression model is fitted to explore the promotion degree of digital economy to high-quality economic development, and finally, the mediationeffect model is used to analyze the mechanism of digital economy to promote high -quality economic development. The following conclusionsare drawn: In recent years, the development level of digital economy in Zhejiang province continues to improve, and the coupling coordination degree of digital economy and high-quality economic development gradually reaches a good level. Digital economy can promote high-quality economic development. Every 1% increase in the level of digital economy will increase the level of high-quality economic development by 0.4694%. The index of scientific and technological innovation is taken as a mediating variable, and the test model is constructed. The mediating effect is found to be significant, which indicates that digital economy empowers scientific and technological innovation to promote high-quality economic development. Based on this, this paper puts forward some suggestions to provide reference for thehigh quality economic development of Zhejiang Province.</p>

Middle-income traps: Experiences of Asian countries and lessons for Vietnam

Avoiding middle-income traps is one of the critical tasks for developing countries worldwide. Based on an analysis of policies that have contributed to Japan and South Korea achieving high economic development, this study proposes solutions to help Vietnam avoid falling into the middle-income trap. The results of the analysis of the experiences of Japan and South Korea indicate that to escape the middle-income trap, developing countries need to focus on investing in education and training, promoting innovation and entrepreneurship, investing in infrastructure, enhancing international trade, boosting foreign investment, improving competitiveness in the global market, and maintaining macroeconomic stability. Building on the analysis of the economic development situation in Vietnam from 2013 to 2023, this study puts forth solutions to assist developing countries, in general, and Vietnam, in particular, in avoiding middle-income traps.

Recycled Waste as Polyurethane Additives or Fillers: Mini-Review.

The intensive development of the polyurethanes industry and limited resources (also due to the current geopolitical situation) of the raw materials used so far force the search for new solutions to maintain high economic development. Implementing the principles of a circular economy is an approach aimed at reducing the consumption of natural resources in PU production. This is understood as a method of recovery, including recycling, in which waste is processed into PU, and then re-used and placed on the market in the form of finished sustainable products. The effective use of waste is one of the attributes of the modern economy. Around the world, new ways to process or use recycled materials for polyurethane production are investigated. That is why innovative research is so important, in which development may change the existing thinking about the form of waste recovery. The paper presents the possibilities of recycling waste (such as biochar, bagasse, waste lignin, residual algal cellulose, residual pineapple cellulose, walnut shells, silanized walnut shells, basalt waste, eggshells, chicken feathers, turkey feathers, fiber, fly ash, wood flour, buffing dust, thermoplastic elastomers, thermoplastic polyurethane, ground corncake, Tetra Pak®, coffee grounds, pine seed shells, yerba mate, the bark of Western Red Cedar, coconut husk ash, cuttlebone, glass fibers and mussel shell) as additives or fillers in the formulation of polyurethanes, which can partially or completely replace petrochemical raw materials. Numerous examples of waste applications of one-component polyurethanes have been given. A new unexplored niche for the research on waste recycling for the production of two components has been identified.

Multilevel analysis of COVID-19 vaccination intention: the moderating role of economic and cultural country characteristics.

Predictors of COVID-19 (coronavirus) vaccination have been extensively researched; however, the contextual factors contributing to understanding vaccination intention remain largely unexplored. The present study aimed to investigate the moderating role of economic development (Gross domestic product - GDP per capita), economic inequality (Gini index), the perceived corruption index and Hofstede's measurements of cultural values-index of individualism/collectivism and power distance index-in the relationship between determinants of satisfaction with the healthcare system, trust in political institutions, conspiracy beliefs and COVID-19 vaccination intention. A multilevel modelling approach was employed on a sample of approximately 51000 individuals nested within 26 countries. Data were drawn from the European Social Survey Round 10. The model examined the effect of individual- and country-level predictors and their interaction on vaccination intention. Satisfaction with the healthcare system had a stronger positive effect on intention to get vaccinated in countries with lower perceived corruption and more individualistic countries. Trust in political institutions had a stronger positive effect on vaccination intention in countries with higher economic development and lower perceived corruption, while a negative effect of conspiracy beliefs on vaccination intention was stronger in countries with lower economic development, higher perceived corruption and a more collectivistic cultural orientation. Our findings highlight the importance of considering individual and contextual factors when addressing vaccination intention.

Evaluation of the green development effects of heterogeneous agricultural cleaner production place-based policy

Under the dual challenges of food security crisis and environmental costs, promoting agricultural green development (AGD) is an urgent need. Agricultural cleaner production place-based policy (ACPBP) is an important tool for promoting AGD. Based on the entropy value method to measure the AGD, DID is applied in this paper to investigate whether ACPBP can promote AGD. The conclusions of the paper are as follows: (1) The AGD is impacted differently by various types of ACPBP. The policy of replacing chemical fertilizers with organic fertilizers for fruits, vegetables and teas (RCFOFFVT) can inhibit AGD, national agricultural green development pioneer zone policy (NAGDPZP) can promote AGD. There is persistence in the effects of both RCFOFFVT and NAGDPZP. (2) There are regional heterogeneities in the effects of RCFOFFVT and NAGDPZP on AGD. The RCFOFFVT has a stronger inhibitory effect on AGD in low economic development counties and major grain-producing counties. The NAGDPZP has a stronger promotional effect on AGD in high economic development counties and non-major grain-producing counties. For low-carbon policy counties, the inhibitory effect of RCFOFFVT is insignificant and the promotional effect of NAGDPZP is weaker. (3) Agricultural Science and Technology Innovation (ASTI) moderates the impact of RCFOFFVT and NAGDPZP. ASTI would weaken the inhibitory effect of RCFOFFVT on AGD, and would strengthen the role of the NAGDPZP in promoting the AGD. (4) There is a policy mix effect of RCFOFFVT and NAGDPZP that can jointly promote AGD. The conclusions of the paper indicate that ACPBP are effective approaches to deal with the food crisis and environmental pressures, but in the process of policy implementation, different types of ACPBP need to be implemented based on the realities of the situation.

The Impact of New Infrastructure Construction Investment on High Quality Economic Development in the Yangtze River Delta Region

This article aims to explore in depth the impact mechanism of new infrastructure investment on high-quality economic development in the Yangtze River Delta region, providing useful references for policy makers. The Yangtze River Delta region has invested a large amount of funds in the field of new infrastructure, including 5G networks, data centers, intelligent transportation, new energy, and other fields. These investments not only promote the optimization and upgrading of regional industrial structure, but also lay a solid foundation for high-quality economic development. The impact of new infrastructure investment on high-quality economic development is reflected in the following aspects: promoting traditional infrastructure reform and promoting the transformation of old and new driving forces; Promote supply side structural reform and optimize resource allocation; Promote diversification of financing channels and stabilize capital structure; Generate spillover effects, increase employment opportunities, and improve people's well-being. Finally, we propose several policy recommendations.

The right to education and the principle of equality: from an idea in the works of Professor Hersch Lauterpacht to enshrining in the Universal Declaration of Human Rights

The article examines the scientific contribution of Professor Hersh Lauterpacht to the development of the idea of enshrining in writing the right to education in the Bill, its content and the principle of equality. It is noted that Sir H. Lauterpacht’s scientific views on the right to education are still relevant today. Attention is focused on the fact that everyone’s right to education is sometimes replaced by people’s enlightenment. The issue of ensuring the right to education by the aggressor state in the territories temporarily occupied by it is raised. It is stated that the state violates its international obligations to ensure everyone’s right to education if it replaces people’s education with people’s enlightenment. The issue of the economic development of the state, the economic potential of the state, international and domestic standards of the right to education, and their interrelationship is also raised.
 It is concluded that the ideas set forth in Professor G. Lauterpacht’s monograph «The International Bill of Human Rights» were progressive in nature, and essentially it was about the need to establish a written catalog of human rights, as well as about the fact that this catalog should be part of the structure of the world. Sir Gersh Lauterpacht in his scientific work applied the approach according to which he proposed to enshrine the state’s obligations in the field of human rights in the Bill. In the Universal Declaration of Human Rights, an approach was applied, according to which human rights were enshrined, and with respect to the duties of the state, a veiled enshrining of them was applied.
 It is established that Sir G. Lauterpacht: 1) considered the right to education of everyone as a duty of the state, which it must conscientiously fulfill; 2) linked the standard of the right to education with such factors as: 1) the economic potential of the state; 2) economic development of the state. Accordingly, in states that have higher economic development and greater economic potential, the standard of education should be higher, and in states that are less economically developed and have less potential, the minimum standard of the right to education should be ensured; 3) introduced such a criterion for evaluating the fulfillment of the state’s obligation to ensure the right to education as efficiency. If the state is an entity that has the duty to effectively ensure the right to education, then, accordingly, the state must bear responsibility if it does not effectively ensure this right.
 Professor G. Lauterpacht proposed to enshrine the principle of equality in writing. Regarding the content of this principle, he applied an approach according to which the state is entrusted with the duty to ensure full equality before the law of all and equal treatment of every person of state power. It is established that the idea of the prohibition of discrimination and its content, which Professor Hersh Lauterpacht proposed to enshrine in the Bill, laid the foundation for desegregation in education.
 The influence of Hersh Lauterpacht’s monograph on the formulation and consolidation of the right to education and the principle of equality in the written act on human rights - the Universal Declaration of Human Rights - has been revealed.

Effects of International Climate Policy on Renewable Energy Consumption: The Context of the Kyoto Protocol

Purpose: The key objective of this study is to explore the effect of the Kyoto Protocol on Renewable Energy Consumption at the national level.
 Methodology: The study employed the matching and difference-in-differences (DiD) estimation approaches. The study analysis is based on secondary resources assessed through openly access documents, journals, and libraries. Data used in the analysis were collected from publicly available data sources.
 Findings: The study finds that the Kyoto Protocol has a significant and positive impact on renewable energy consumption at the national level in the Annex I countries compared to non-Annex I countries. It indicates that there has been a specific effect of the Kyoto Protocol on renewable energy in Annex I countries since these countries were legally bound with emissions reduction commitments of the Protocol. Findings indicate that Annex I countries overlooked environmental pollution at the early stages of their economic and industrial development, but with their higher economic development, they are taking measures to prevent environmental pollution, such as increasing REC. Findings here reckon with the argument of the effectiveness of global climate governance in mitigating climate change effects.
 Unique Contribution to Theory, Practice and Policy: Findings support the Environmental Kuznets Curve (EKC) proposition. Results stresses on the effectiveness of global climate governance for mitigating climate change effects. In this context, rich countries should deliver more financial and technological supports to poor countries.

Research on the Effect and Mechanism of Digital Economy Promoting High Quality Economic Development

In recent years, digital economy has become an important driving force to promote economic growth and high-quality development. This paper aims to explore the effect and mechanism of digital economy in promoting high-quality economic development. First of all, this paper analyzes the current situation and trend of the development of China's digital economy. Second, this paper examines the theoretical basis of digital economy in promoting high-quality economic development. Third, this paper analyzes the specific effects and mechanisms of digital economy in promoting high-quality economic development, including improving labor productivity, promoting industrial upgrading, optimizing resource allocation, increasing employment opportunities, etc. Finally, this paper puts forward some suggestions for the digital economy to promote high-quality economic development in the future, including strengthening the construction of digital infrastructure, improving the level of digital technology, promoting digital transformation, and strengthening the cultivation of digital talents.

How does industrial intelligence affect total-factor energy productivity? Evidence from China’s manufacturing industry

The flourishing industrial intelligence profoundly impacts manufacturing production, while empirical studies about the nexus between industrial intelligence and energy issues remain insufficient. This study evaluates total-factor energy productivity based on the stochastic frontier analysis (SFA) approach and then analyzes the energy productivity effects of industrial intelligence by employing the panel data of China’s manufacturing industry. We find that the total-factor energy productivity shows vast regional differences, and most regions have experienced a decline. Additionally, industrial intelligence significantly improves total-factor energy productivity, and the core results still hold after a set of robustness tests. Mechanism tests reveal the positive effects are mainly due to technological change and industrial structure upgrading. Heterogeneity analysis indicates that the impact of industrial intelligence is more pronounced in regions with higher economic development, more advanced information technology, and greater human capital. These findings provide insightful references for further intellectualization and carbon reduction in China’s manufacturing industry.

Information infrastructure construction and optimization of resources allocation among firms: Evidence from “Broadband China” strategy

The construction of information infrastructure stands at the forefront of current digital strategies aimed at fostering high-quality economic growth. However, misallocation of resources severely constrains the sustainable economic growth of developing countries. Using the firm-level data from the National Tax Survey database over the time period 2009 to 2016, this paper examines the impact of information infrastructure on the misallocation of resources among firms by utilizing the city-level “Broadband China” strategy as a quasi-natural experiment. We find that information infrastructure construction can significantly mitigate resource misallocation among firms by reducing information costs and breaking down market barriers, and that plays a crucial role in improving China's aggregate total factor productivity (hereafter, TFP). Furthermore, this mitigating effect of information infrastructure on misallocation is more significant in cities with higher economic development and administrative hierarchy, and it can alleviate the resource misallocation caused by scale discrimination. These findings enrich the research on information infrastructure construction and resource allocation efficiency and also offer valuable insights for developing countries seeking practical guidance.