The Impact of the Digital Economy on Financial Regulatory Costs: An Empirical Analysis Based on the Solow Growth Model

As a novel economic form,the digital economy is reshaping the financial regulatory landscape and significantly impacting regulatory costs.This paper incorporates the digital economy and financial regulatory costs into the classic Solow growth model,uncovering an inverted U-shaped relationship between them.A subsequent mechanism analysis explains the rationale behind this relationship.To empirically examine this relationship in China,the paper utilizes inter-provincial panel data from 2013 to 2021 and employs methodologies such as the two-way fixed effects and moderating effects models.These analyses have important implications for the sound and sustainable development of China’s financial industry.The findings indicate:(a)As China’s digital economy develops,its impact on financial regulatory costs follows an inverted U-shaped pattern,initially increasing and then declining.This conclusion remains valid after robustness tests.(b)The influence of the digital economy on regulatory costs depends on favorable external conditions.Specifically,the impact is more pronounced in regions and periods with better digital infrastructure and more abundant human capital.(c)Additionally,redundant resources moderate this impact,which can weaken the inverted U-shaped relationship.Our findings not only provide a theoretical foundation for understanding the impact of the digital economy on financial regulatory costs but also offer valuable policy insights for optimizing financial regulation in China.

Research on the Digital Economy's Impact on China's Economic Growth:Based on the Variations in Urbanization Levels Across China's Eastern,Central,and Western Regions and Sectoral Heterogeneity

This paper uses inter-provincial panel data from 2011 to 2017,a linear regression model,and a threshold model to conduct empirical analyses of the impact of the digital economy on China's overall economic growth and the three main sectors of industry.The paper then investigates the impact and effects the digital economy has had on the economic growth of the three main sectors of industry in China's eastern,central,and western regions.Finally,the paper investigates the most significant differences among the various regions and the threshold effects of urbanization levels on the relationship between the digital economy and economic growth.The findings indicate a significantly positive correlation between the digital economy and regional economic growth.Moreover,geographical factors notably influence this correlation.The digital economy exerts a positive effect on all sectors of industry.It may not substantially impact industrial development in regions with highly developed infrastructure.Regarding the other regions,the digital economy exhibits varying degrees of impact due to the differences in the specific indicators.The conclusion drawn by the threshold model is that the magnitude of the threshold effect correlates with geographic factors.No threshold effect was observed in the eastern region,while the threshold effect occurred in the central region when the urbanization levels for the provinces were below 0.6645.Similarly,the threshold effect was noted in the western region when the urbanization level was below 0.3931.Considering all of this,the study also offers policy recommendations that will help balance the regional development of digital economies,accelerate the digital transformation of traditional industries,enhance digital infrastructure construction,refine the formulation and implementation of data policy,and establish relevant incentive mechanisms.

Taxation Models and Improvement Proposals for Personal Income Tax in the Sharing Economy

As an innovative economic model,the sharing economy has seen rapid growth globally in recent years.It has not only brought a profound impact on traditional economies but also injected new vitality and momentum into the sustainable development of the social economy.However,for the sharing economy,the process of collecting personal income tax is facing several issues,such as the ambiguity of tax policies regarding personal income,challenges in identifying taxpayers,and difficulties in defining income.To achieve the fairness and efficiency of personal income tax collection in the sharing economy,this study proposes optimized regulatory mechanisms and conducts in-depth discussions on the adjustment of personal income tax policies,innovation in tax management technology,and improvement in the quality of personal income tax services.

Toward a sustainable growth path in Arab economies:an extension of classical growth model

Background/Objectives:Many economies are on the trajectory of alternative growth drivers other than conventional capital and labor.Access to credit facilities is a pertinent indicator of economic growth.In line with the United Nations Sustainable Development Goals(UNSDGs-8)agenda,the national goal for sustainable development for most economies and Arab economies is no exception.Therefore,the current study adopts a traditional growth model by exploring the relationship between gross domestic product(GDP)per capita,credit for private sectors,ratio of exports,real GDP,and per labor force participants for selected Arab economies annually from 2001 to 2020.Research design:This study leverages the Fourier Kwiatkowski–Phillips–Schmidt–Shin(KPSS)unit root test and second-generation panel econometrics as estimation techniques,such as Westerlund and Edgerton panel cointegration test,and the use of two estimators,namely the augmented mean group(AMG)and common correlated error mean group(CCEMG),to obtain robust results.Findings:Empirical findings from Westerlund and Edgerton panel cointegration tests validate the long-run equilibrium relationship among the outlined variables.Further empirical results indicate that the share of exports is negatively significant with economic growth in countries such as Kuwait,Lebanon,Tunisia,and Jordan.Additionally,savings and labor force participation have a positive relationship with economic growth in individual countries such as Algeria and Bahrain.As per the panel,there is no significant relationship between labor force participation and economic growth.This indicates that the skilled labor force enhanced economic growth.Conclusions:These findings come with inherent far-reaching policy suggestions for economies and panels.Further details on country-specific policy actions are presented in the concluding section.

Impact of Digital Economy Development on Industrial Structure Upgrading-An Empirical Analysis Based on PVAR Model

Based on the panel data of 248 prefecture-level cities in China from 2011-2021,a PVAR model is constructed to empirically compare and analyze the impact of national and regional digital economy development on industrial structure upgrading.The results show that:from the national level,the development of the digital economy can significantly promote the upgrading of industrial structure,the degree of influence rises and then decreases,and lasts longer;the upgrading of industrial structure also affects the development of the digital economy,and the influence changes from negative to positive;there is a long-term,continuous,and significant dynamic effect between the digital economy and the transformation and upgrading of industrial structure,and the two affect each other.From the perspective of each region,the impact of digital economy development on industrial structure upgrading is somewhat different.The industrial structure in the western region is the most sensitive to the digital economy changes,followed by the eastern region and the weakest in the central region.However,the industrial structure upgrading in all regions is significantly and positively influenced by the development of the digital economy.

Synergistic dance of digital economy and green finance on carbon emissions:Insights from China

China has recently implemented a dual-carbon strategy to combat climate change and other environmental issues and is committed to modernizing it sustainably.This paper supports these goals and explores how the digital economy and green finance intersect and impact carbon emissions.Using panel data from 30 Chinese provinces over the period 2011-2021,this paper finds that the digital economy and green finance can together reduce carbon emissions,and conducts several robustness tests supporting this conclusion.A heterogeneity analysis shows that these synergistic effects are more important in regions with low levels of social consumption Meanwhile,in the spatial dimension,the synergistic effect of the local digital economy and green finance adversely impacts the level of carbon emissions in surrounding areas.The findings of this paper provide insights for policymakers in guiding capital flow and implementing carbon-reduction policies while fostering the growth of China’s digital economy and environmental sustainability.

Promoting sustainable consumption and circular economy:the intention of Vietnamese youth consumers to purchase products made from recycled plastics

Recycling is viewed as a key component in a circular economy and serves as an ideal solution for promoting sustainability.During the global plastic crisis,plastic recycling practices have been adopted worldwide,leading to the production of various products made from recycled plastics(PRP).Nevertheless,a gap persists between consumption and demand for such products,which is primarily attributed to a lack of comprehension from the consumer perspective.Given the pivotal role consumers play in the adoption of these products,this study explores consumers’intentions to purchase PRP.This is particularly significant in Vietnam,which is an emerging economy aspiring to achieve the objectives of a circular economy and sustainable development.Utilizing an integrated cognitive-emotional framework comprising the Valence Theory and the Norm Activation Model,data from 564 Vietnamese students were gathered and analyzed using structural equation modeling.The results show that awareness of consequences is a major driver of consumer purchase intentions,followed by perceived ease of application and monetary incentives.The results also indicate that health concerns have the strongest effect on purchase intention and in the negative side,meaning that the health-related risk is the primary concern for consumers during the decision-making process.This research holds substantial value for academics and managers,as it aids in the theoretical exploration and the formulation of strategies to improve consumer acceptance of PRP.

Are cities greener because of innovation?Independent innovation policy and green economic efficiency

The national independent innovation demonstration zone(NIIDZ)is an independent innovation policy that plays a crucial role in implementing strategies.Given the importance of the NIIDZ,this study uses panel data of 278 prefecture-level cities in China from 2006 to 2020 and empirically examines the effect and internal mechanism of the NIIDZ on green economic efficiency(GEE)using the difference-in-difference model(DID).The results show that the NIIDZ effectively enhances the growth of GEE,and the results remain valid through several robustness tests,such as year-by-year propensity score matching.The transmission mechanism suggests that the NIIDZ indirectly drives GEE by accelerating scientific and technological investment,promoting talent concentration,and optimizing the industrial structure.Moreover,heterogeneity analysis reveals that the promotion effect of the NIIDZ on GEE is more prominent in the eastern region and high green development level areas.The study’s findings can serve as a reference for China to further utilize the policy effectiveness of the NIIDZ and accelerate the high-quality development of the green economy in the future.

The Subscription Economy and Its Contribution to the Global Economy

The subscription economy has become a dominant influence in the current business environment,fundamentally transforming the manner in which organizations interact with customers and create income.This article examines the substantial influence of the subscription economy on the worldwide economy,evaluating its effects on different industries and marketplaces.The research examines relevant literature and case studies to identify the main factors,difficulties,and possibilities related to the subscription economy.Moreover,its objective is to examine the consequences for firms,customers,and economic expansion,elucidating the possibility of continuous value generation and innovation.

A Study of the Impact of the Digital Economy on the Efficiency of Urban Green Economy--Based on the Yangtze River Delta City Cluster

This paper adopts the non-expected output-super-efficiency SBM(Slacks-Based Model)model and principal component analysis to calculate the green economy efficiency and the digital economy level of 27 prefecture-level cities in China’s Yangtze River Delta urban agglomeration between 2011 and 2019,respectively,and examines the impact of the digital economy on the green economy efficiency by using benchmark regression and mechanism analysis.The findings show that,first,the digital economy has a significant contribution to the green economic efficiency of cities,and this conclusion still holds after robustness tests such as replacing explanatory and interpreted variables and introducing province-fixed effects.Second,through the mechanism test,it is found that the digital economy can indirectly promote urban green economic efficiency through the positive mechanism effect of promoting industrial structure upgrading.

Does China's digital economy contribute to low-carbon transition?

The digital economy,as a new emerging economic form,has become an important power for realizing Chinese-style modernization and promoting green development in China.This paper measures the digital economy and low-carbon transition index based on the data of 30 provinces in China from 2013 to 2020 and analyzes the mechanism and path of the digital economy affecting low-carbon transition using the fixed effect panel data model and the threshold effect model.It is found that,(1)The digital economy and low-carbon transition in China are various in different regions,with characteristics of being unbalanced and insufficient.(2)The digital economy significantly promotes low-carbon transition,with the greatest influence in the Central region,followed by the Eastern region and the Western region.Under different dimensions,the development of informatization and digital transactions promote low-carbon transition,but the development of the internet plays an inhibiting role.(3)The higher the degree of urbanization and environmental regulation,the greater the influence of the digital economy on low-carbon transition.

Study on the Influence of Lanzhou-Urumqi High-Speed Railway on Regional Accessibility and Economic Development

The Lanzhou-Urumqi high-speed railway is an important part of the railway network connecting Gansu,Qinghai,and Xinjiang,and it is of far-reaching significance in facilitating China’s western development.An accessibility model and a double difference model were built to analyze the impact of the Lanzhou-Urumqi high-speed railway on regional accessibility and economic development of the areas along the line before(2012-2014)and after(2017-2019)its opening.The results show that the regional accessibility remains unchanged before and after the operation of this railway line.However,there is a spatial difference in improvement,that of central cities being better.The opening of the high-speed railway is conducive to driving the overall economic development of the region and promoting the comprehensive and coordinated development of regional economies.

Recycling economy development model and macroeconomic policy

To develop circular economy is an important way to implement sustainable development strategies. This paper discusses the theoretical origin of the circular economy, and clarifies the mechanism development of circular economy. Combined with the status quo of China＇s economic development, it analyzed the facing problems in the development of circular economy. Our country has carried on the positive exploration and practice in the use of the concept of circular economy to promote sustainable development, and China＇s circular economy is transferred from the start-up phase to promote the establishment of policy mechanisms. Circular economy strategy will also begin to implement in some of China＇s mega-cities. Faced with the arrival of the circular economy, we should look to a higher level up to explore how people should take effective measures to turn challenges into opportunities.

Research on Comparative Advantage and Typical Models of Circular Agriculture Economy in Eastern and Mid-China Region

Developing agricultural circular economy is the important measures of relieving the pressure on agricultural resources, preserving the ecological environment and promoting the sustainable development of agriculture and rural economy. Based on the idea of circulation of agricultural research as the breakthrough point, the research firstly detailed the concept and scientific connotation of circular egdculture in an all-round way and described and analyzed the advantages and conditions of the development of circular agriculture in eastern and middle regions of China from three aspects including resources endowment, conditions of economic development and industrial base conditions. Furthermore, the research analyzed the model char- actedstics and summarized the successful ex^dence to provide a reference for promoting the models with consideration of Taihu Lake Basin in South of Jiangsu, Yi- meng mountain areas in Southeast of Shandong and hills and mountains region in northwest Henan. Finally, the reseach put forward the development orientation of agricultural circular economy and countermeasures and suggestions to further enhance the level of development.

Different effects of economic and structural performance indexes on model construction of structural topology optimization

The objective and constraint functions related to structural optimization designs are classified into economic and performance indexes in this paper.The influences of their different roles in model construction of structural topology optimization are also discussed.Furthermore,two structural topology optimization models,optimizing a performance index under the limitation of an economic index,represented by the minimum compliance with a volume constraint（MCVC）model,and optimizing an economic index under the limitation of a performance index,represented by the minimum weight with a displacement constraint（MWDC）model,are presented.Based on a comparison of numerical example results,the conclusions can be summarized as follows：（1）under the same external loading and displacement performance conditions,the results of the MWDC model are almost equal to those of the MCVC model;（2）the MWDC model overcomes the difficulties and shortcomings of the MCVC model;this makes the MWDC model more feasible in model construction;（3）constructing a model of minimizing an economic index under the limitations of performance indexes is better at meeting the needs of practical engineering problems and completely satisfies safety and economic requirements in mechanical engineering,which have remained unchanged since the early days of mechanical engineering.

Application of an Economy-Climate Model to Assess the Impact of Climate Change

An interdisciplinary investigation was conducted to assess the impact of climate change on grain yields using an economy-climate model （C-D-C）. The model was formulated by incorporating climate factors into the classic Cobb-Douglas （C-D） economic production function model. The economic meanings of the model output elasticities are described and elucidated. The C-D-C model was applied to the assessment of the impact of climate change on grain yields in China during the past 20 years, from 1983 through 2002. In the study, the land of China was divided into eight regions, and both the C-D-C and C-D models were applied to each individual region. The results suggest that the C-D-C model is superior to the classic C-D model, indicating the importance of climate factors. Prospective applications of the C-D-C model are discussed.

Regional Economic Efficiency and Its Influencing Factors of Beijing-Tianjin-Hebei Metropolitans in China Based on a Heterogeneity Stochastic Frontier Model

Using a heterogeneity stochastic frontier model(HSFM),we empirically investigated the economic efficiency of Beijing-Tianjin-Hebei from 2003 to 2016 and its influencing factors.The key findings of the paper lie in:1)in Beijing-Tianjin-Hebei,the overall economic and technological efficiency tended to increase in a wavelike manner,economic growth slowed down,and there was an obvious imbalance in economic efficiency between the different districts,counties and cities;2)the heterogeneity stochastic frontier production functions(SFPFs)of Beijing,Tianjin and Hebei were different from each other,and investment was still an important impetus of economic growth in Beijing-Tianjin-Hebei;3)economic efficiency was positively correlated with economic agglomeration,human capital,industrial structure,infrastructure,the informatization level,and institutional factors,but negatively correlated with the government role and economic opening.The following policy suggestions are offered:1)to improve regional economic efficiency and reduce the economic gap in Beijing-Tianjin-Hebei,governments must reduce their intervention in economic activities,stimulate the potentials of labor and capital,optimize the structure of human resources,and foster new demographic incentives;2)governments must guide economic factors that are reasonable throughout Beijing-Tianjin-Hebei and strengthen infrastructure construction in underdeveloped regions,thus attaining sustainable economic development;3)governments must plan overall economic growth factors of Beijing-Tianjin-Hebei and promote reasonable economic factors(e.g.,labor,resources,and innovations)across different regions,thus attaining complementary advantages between Beijing,Tianjin,and Hebei.

Development Model of Ecotourism Circular Economy in Lakefront Scenic Areas——A Case Study of Luchong Scenic Area by Fuxian Lake,Yunnan Province

Strategies of "guidance to different types of areas,promotion step by step" were given to study the development model of ecotourism circular economy in different types of tourist sites.By taking Luchong Scenic Area by the Fuxian Lake,Yunnan Province for an example,the general model of ecotourism circular economy in lakefront scenic areas was summarized,it was stressed that ecological principles and "5R"(rethinking,reducing,reusing,recycling,repairing)should be followed in its construction.Characteristics of a lakefront scenic area and actual conditions of its location region should be taken into consideration,with sewage treatment and lakefront environment protection as the focus,green scenic area and green tourism community as the carrier,a development model of ecotourism circular economy was established by considering relevant elements such as clean production,green consumption,waste processing,ecological compensation and industrial coupling,effective measures were given to introduce theories into practices,which would be the only chance for the lakefront scenic area realizing its sustainable development.

A Study of Coupling Coordination between Marine Economy and Land Economy Based on Gear Model

Based on the construction of evaluation index system of marine-land economy system,this paper analyzes the coupling coordination between marine economy and land economy. The coupling coordinative model is used to analyze the coupling coordinative degree of the marine economy and land economy. The results show that from 2002 to 2012,the marine economy and land economy coupling degree was high and it achieved coordination from disorder gradually,resulting in mutual promotion and common development of marine economy and land economy.

The “Valley Economy” Model of Regional Development: A Case Study of Mountain Areas in Beijing, Northern China

A case study is presented of a regional development model for valley economies in the mountain areas of Beijing, China. The nature and framework of the valley economy model are described and the development of the model, which is specific to the mountain areas of Beijing, is analyzed. Five different valley economy models applied in the Beijing mountain areas are compared. The major purpose of the valley economy model is to develop the regional economy, including the selection of appropriate industries, the allocation of industrial space, the establishment of supply chains and the integration of various industries. Pilot experiments using the valley economy model have been conducted in seven counties(districts) in Beijing: Pinggu, Huairou, Changping, Mentougou, and Fangshan districts, and Yanqing and Miyun counties. Five models for developing the Beijing mountain areas have been explored, including: creative cultural industries, characteristic industry clusters, the promotion of large tourist areas, natural scenic tourism and folk cultural tourism. Each model has its own unique features and potential to help in the regional development of mountain areas.