In China,the economic systems of many small-scale resource-based regions are confronted with realizing sustainable development through economic transformation. This paper,taking 37 coal-resource-based counties in Chin...In China,the economic systems of many small-scale resource-based regions are confronted with realizing sustainable development through economic transformation. This paper,taking 37 coal-resource-based counties in China as objects,evaluates the economic transformation capacities of the counties by principal component analysis (PCA). Based on the comprehensive principal component values of >1,0–1 and <0,the economic transformation capacities of the counties are classified into strong,common and weak grades. Then,the paper proposes the developmental countermeasures according to different transformation capacities. For the counties with strong transformation capacities,it is crucial to make scientific positioning and rationally exploite resources in view of the developing characteristics and modes of those counties; as for the counties with common transformation capacities,the preparation and perfection of basic transformation conditions are still important aspects; as for the counties with weak transformation capacities,shifting from ″passive transfromation″ to ″active transformation″ in light of resources conditions is necessary.展开更多
With a long industrial chain and a powerful ability to drive other industries,the automobile manufacturing industry has a prominent strategic position in the national economy.In recent years,many countries have put on...With a long industrial chain and a powerful ability to drive other industries,the automobile manufacturing industry has a prominent strategic position in the national economy.In recent years,many countries have put on their agenda the digitalization of the automobile manufacturing industry,leading to an connected,autonomous,shared,and electric(also known as CASE)①development trend in the industry.As one of the six major automobile industry clusters in China,the Chengdu-Chongqing economic circle has achieved initial results in the digital transformation of the automobile manufacturing industry.However,the region is still faced with some constraints,such as insufficient digital infrastructure,relatively slow development of new automobile products,insufficient innovation ability of the automobile industry,and complex digital transformation of small and medium-sized automobile enterprises(automobile SMEs).This paper intends to construct a framework for the mechanism of action of the digital transformation in the automobile manufacturing industry,analyze the effects of the digital transformation of the automobile manufacturing industry in the Chengdu-Chongqing economic circle,and propose feasible paths for the digital transformation of the automobile manufacturing industry in the region by drawing on domestic and international experience in this regard.The specific paths include:(a)Smoothing the“dual-core”data chain to facilitate the digital transformation of the automobile manufacturing industry;(b)Developing the new energy vehicle(NEV)industry to upgrade the quality of automobile products;(c)Achieving corner overtaking in the digital transformation of the automobile manufacturing industry with digital technology;(d)Jointly building the automobile industrial park to promote the digital transformation of the industry;(e)Addressing problems facing automobile SMEs in digital transformation via targeted policy tools.展开更多
With the rapid development of the market economy, complex changes have occurred in the market environment, and the competition among enterprises has become extremely fierce. The transformation of the structure of the ...With the rapid development of the market economy, complex changes have occurred in the market environment, and the competition among enterprises has become extremely fierce. The transformation of the structure of the market economy has prompted enterprises to seek for new developments and innovations. Under the background of the new economy, enterprises must begin from the perspective of internal management and internal strategic development to ensure quality enterprise operation mechanism innovation. This would help direct enterprise operation and development as well as demonstrate the value of enterprise internal management. In this way, enterprises will be able to array their overall competitiveness. This paper comprises a detailed analysis of the connotation and innovation of enterprise operation mechanism under the economic transformation, with the purpose of investigating the innovation strategy of enterprise operation mechanism under the economic transformation.展开更多
The purpose of the Combined Economic Emission Dispatch(CEED)of electric power is to offer the most exceptional schedule for production units,which must run with both low fuel costs and emission levels concurrently,the...The purpose of the Combined Economic Emission Dispatch(CEED)of electric power is to offer the most exceptional schedule for production units,which must run with both low fuel costs and emission levels concurrently,thereby meeting the lack of system equality and inequality constraints.Economic and emissions dispatching has become a primary and significant concern in power system networks.Consequences of using non-renewable fuels as input to exhaust power systems with toxic gas emissions and depleted resources for future generations.The optimal power allocation to generators serves as a solution to this problem.Emission dispatch reduces emissions while ignoring economic considerations.A collective strategy known as Combined Economic and Emission Dispatch is utilized to resolve the above-mentioned problems and investigate the trade-off relationship between fuel cost and emissions.Consequently,this work manages the Substantial Augmented Transformative Algorithm(SATA)to take care of the Combined Economic Emission Dispatch Problem(CEEDP)of warm units while fulfilling imperatives,for example,confines on generator limit,diminish the fuel cost,lessen the emission and decrease the force misfortune.SATA is a stochastic streamlining process that relies upon the development and knowledge of swarms.The goal is to minimize the total fuel cost of fossil-based thermal power generation units that generate and cause environmental pollution.The algorithm searches for solutions in the search space from the smallest to the largest in the case of forwarding search.The simulation of the proposed system is developed using MATLAB Simulink software.Simulation results show the effectiveness and practicability of this method in terms of economic and emission dispatching issues.The performance of the proposed system is compared with existing Artificial Bee Colony-Particle Swarm Optimization(ABC-PSO),Simulated Annealing(SA),and Differential Evolution(DE)methods.The fuel cost and gas emission of the proposed system are 128904$/hr and 138094.4652$/hr.展开更多
The following contribution is the attempt to touch upon some fundamental questions for a reliable ethical diagnosis of what can be called the economic context of our epoch.For this purpose,we will consider a well-know...The following contribution is the attempt to touch upon some fundamental questions for a reliable ethical diagnosis of what can be called the economic context of our epoch.For this purpose,we will consider a well-known concept within the medieval economics in light of its modern reappropriation against the backdrop of transformative ethics:the meant concept is usury;the meant reappropriation is that of Ezra Pound.For reasons of space,the single steps will merely hint at ethical questions that require a much more careful investigation.Within these limits,the essay will therefore analyze certain traits of our current economic context while reconsidering its ethical dimension in the light of the concept of usury.The framework within which this analysis will be conducted is that of transformative ethics.展开更多
The Pearl River(Zhujiang)Delta(PRD)has been a focal point in reform era ac ademic circles not only for its dramatic industrial growth but a lso the simultaneous agricultural development.Unlike most of existing researc...The Pearl River(Zhujiang)Delta(PRD)has been a focal point in reform era ac ademic circles not only for its dramatic industrial growth but a lso the simultaneous agricultural development.Unlike most of existing research on the PRDeconomic development and transformation fromthe whole region level,this paper explored this question f romthe perspec-tive of a township using Beijiao in Shunde City as a case study.Unlike the c onclusions of existing studies whic h attribute the regional economic transition to the macro factors,particularly the influence of external investment,t his research re-veals that at the level of township,t he local government,the town-villa ge owned enterprises and the individ uals have been playing remarkable roles in local economic transformation.In the early stage since the economic reform,Beijiao township government,replacing the central a nd provincial governments before,b egan to manipulate the development o f town-village owned enterprises and lead the local economic transformation from agricultural to industrial dominated.As the town-village owned enterprises grew during the later years,they gra dually acted as the main dominant pla yer leading the local agricultural and industrial growth.At the same time the individuals in Beijiao were playing more in dependent role to gain their most profits.While the local government changed to be t he real manager of local economies.S o the local economic transition was not entirely externally driven.In another word,the“driven from outsidemodel can not totally explain the economic fact in this specific region.展开更多
Land, as a key factor of production, is an appropriate indicator of national and regional economic structure transformation. Land use in the Changjiang (Yangtze) River Basin (CRB) since the 1950s has experienced these...Land, as a key factor of production, is an appropriate indicator of national and regional economic structure transformation. Land use in the Changjiang (Yangtze) River Basin (CRB) since the 1950s has experienced these changes. Industrialization has been the most powerful force of the change in the regional development of the CRB. Virtually all regional resources were put into this effort to modernize the industrial production and urban construction systems of the CRB whose industrialization and urbanization has been a success story, with impressive structural change in both pro- duction and land use. These changes are evident in modern urban areas, but even more in traditionally rural areas. The regression analysis of regional development in the CRB over an extended period shows that the dominant factor in re- gional land use change is widespread industrialization in rural areas rather than the expansion of urban area. Thus, ur- banization has had a limited influence on land use change in the CRB. A major task in realizing more sustainable land use in the future development of CRB is to relocate industrial activities from rural to urban areas.展开更多
This paper explores the development of the human resource management theory from the perspective of social productive forces,deeply analyzing the development of the current social productive forces and the characteris...This paper explores the development of the human resource management theory from the perspective of social productive forces,deeply analyzing the development of the current social productive forces and the characteristics of the socio-economic development.It can be concluded that the development of the human resource management theory is closely related to the socio-economic development pattern.The twenty first century is a knowledge-driven era,and"eco-friendly"and"low-carbon"are the basic characteristics of the socio-economic development of the era of the knowledge-driven economy,which has great influence on the subject,aim and content of human resource management.Green human resource management conforms to the trend of the transformation of the socio-economic development.Based on the management of"human",it creates an eco-friendly,low-carbon and sustainable environment for enterprises,which promotes the transformation from extensive growth to intensive growth of the macro management of enterprises.展开更多
As people exploit resources vigorously,the amount of exploitable resources is decreasing.Due to long-term unsustainable development,resource-based cities and towns have encountered problems such as lack of resources a...As people exploit resources vigorously,the amount of exploitable resources is decreasing.Due to long-term unsustainable development,resource-based cities and towns have encountered problems such as lack of resources and slow economic growth.Faced with the"resource curse"phenomenon,the transformation of resource-based cities and towns is an inevitable trend to achieve sustainable development.In this article,taking Qingcheng County as an example,by analyzing and researching the development status and existing problems of resource industry,the stage of industrial development in Qingcheng County is discussed to prove the importance of industrial transformation to the sustainable development of Qingcheng County,the experience and lessons that Qingcheng County can learn are summarized,and the objective laws and influencing factors in the acceleration of industrial transformation in Qingcheng County are analyzed in depth.Using SWOT analysis,specific countermeasures are explored to realize the industrial transformation of Qingcheng County.展开更多
The sound of Suzhou Pingtan,an art form which combines storytelling and ballad singing in the Suzhou dialect,swirled around a hall of the International Department of theCommunist Party of China’s Central Committee(ID...The sound of Suzhou Pingtan,an art form which combines storytelling and ballad singing in the Suzhou dialect,swirled around a hall of the International Department of theCommunist Party of China’s Central Committee(IDCPC)in Beijing on August 31.The singing enchanted the audience,including 400 visiting political party leaders and ambassadors of展开更多
The Group of 20(known as G20)was founded in Germany in 1999with an aim at handling international financial crisis,in particular preventing a regional crisis from spreading and becoming a bigger one.It is unfortunate t...The Group of 20(known as G20)was founded in Germany in 1999with an aim at handling international financial crisis,in particular preventing a regional crisis from spreading and becoming a bigger one.It is unfortunate that this meeting mechanism(forum)designed for tackling future impact has to play its role.The US and Europe both witnessed an unprecedented financial crisis with展开更多
"Economic transformation"has become the main path to promote China's social and economic development,and many regions have increased the importance and attention to"economic transformation",and..."Economic transformation"has become the main path to promote China's social and economic development,and many regions have increased the importance and attention to"economic transformation",and the Southwest region is no exception.Many cities in Southwest China are developing new energy sources to promote economic development and economic transformation.Economic transformation and economic development in Southwest China are mutually influencing and interacting,while energy development in Southwest China and its local economic development are mutually promoting and influencing,so economic transformation also affects energy demand and development in Southwest China.The importance of economic transformation should be taken into consideration.展开更多
With the implementation of a series of policies to support rural development,such as the national rural revitalization strategy and poverty alleviation,the economic responsibility audit of township party and governmen...With the implementation of a series of policies to support rural development,such as the national rural revitalization strategy and poverty alleviation,the economic responsibility audit of township party and government leading cadres has been given new responsibilities and missions.However,some grass-roots audit institutions are faced with practical difficulties such as the solidification of audit thinking,slow progress of audit informatization construction,and large gap of grass-roots audit resources.The only way to overcome the difficulties is to explore the transfonnation of the economic responsibility audit and countermeasures of the township party and government leading cadres by tracing the source and adapting measxires according to the difficulties.展开更多
Over the past 20 years, China has made spectacular achievements in economic growth as well as in thetransformation of economic growth pattern. Industrial structure is being updated, and technology is playing a more an...Over the past 20 years, China has made spectacular achievements in economic growth as well as in thetransformation of economic growth pattern. Industrial structure is being updated, and technology is playing a more andmore important role in economic development. The energy and resource consumption in many industries and enterprisesare reducing. However, we should realize that there are still many problems in changing the economic growth pattern,such as high input, high consumption, high discharge, inharmony, recycling difficulty, and low efficiency, which havegreatly impaired and restrict Chinese economic development. Therefore, the fundamental change of the economic growthpattern is inevitable. Based on the analysis on the status quo and the exploit of resources, this paper suggests that thetransformation from unsustainable to sustainable growth is the only choice in changing the economic growth pattern. Inaddition, the transformation should not completely rely on the fundamental effects of market mechanism. We should makefull use of the power of governments to speed up the transformation of economic system.展开更多
We explore the impacts of economic and financial dislocations caused by COVID-19 pandemic shocks on food sales in the United States from January 2020 to January 2021.We use the US weekly economic index(WEI)to measure ...We explore the impacts of economic and financial dislocations caused by COVID-19 pandemic shocks on food sales in the United States from January 2020 to January 2021.We use the US weekly economic index(WEI)to measure economic dislocations and the Chicago Board Options Exchange volatility index(VIX)to capture the broader stock market dislocations.We validate the NARDL model by testing a battery of models using the autoregressive distributed lags(ARDL)methodology(ARDL,NARDL,and QARDL specifications).Our study postulates that an increase in WEI has a significant negative long-term effect on food sales,whereas a decrease in WEI has no statistically significant(long-run)effect.Thus,policy responses that ignore asymmetric effects and hidden cointegration may fail to promote food security during pandemics.展开更多
基金Under the auspices of Key Program of National Natural Science Foundation of China (No. 40635030)
文摘In China,the economic systems of many small-scale resource-based regions are confronted with realizing sustainable development through economic transformation. This paper,taking 37 coal-resource-based counties in China as objects,evaluates the economic transformation capacities of the counties by principal component analysis (PCA). Based on the comprehensive principal component values of >1,0–1 and <0,the economic transformation capacities of the counties are classified into strong,common and weak grades. Then,the paper proposes the developmental countermeasures according to different transformation capacities. For the counties with strong transformation capacities,it is crucial to make scientific positioning and rationally exploite resources in view of the developing characteristics and modes of those counties; as for the counties with common transformation capacities,the preparation and perfection of basic transformation conditions are still important aspects; as for the counties with weak transformation capacities,shifting from ″passive transfromation″ to ″active transformation″ in light of resources conditions is necessary.
文摘With a long industrial chain and a powerful ability to drive other industries,the automobile manufacturing industry has a prominent strategic position in the national economy.In recent years,many countries have put on their agenda the digitalization of the automobile manufacturing industry,leading to an connected,autonomous,shared,and electric(also known as CASE)①development trend in the industry.As one of the six major automobile industry clusters in China,the Chengdu-Chongqing economic circle has achieved initial results in the digital transformation of the automobile manufacturing industry.However,the region is still faced with some constraints,such as insufficient digital infrastructure,relatively slow development of new automobile products,insufficient innovation ability of the automobile industry,and complex digital transformation of small and medium-sized automobile enterprises(automobile SMEs).This paper intends to construct a framework for the mechanism of action of the digital transformation in the automobile manufacturing industry,analyze the effects of the digital transformation of the automobile manufacturing industry in the Chengdu-Chongqing economic circle,and propose feasible paths for the digital transformation of the automobile manufacturing industry in the region by drawing on domestic and international experience in this regard.The specific paths include:(a)Smoothing the“dual-core”data chain to facilitate the digital transformation of the automobile manufacturing industry;(b)Developing the new energy vehicle(NEV)industry to upgrade the quality of automobile products;(c)Achieving corner overtaking in the digital transformation of the automobile manufacturing industry with digital technology;(d)Jointly building the automobile industrial park to promote the digital transformation of the industry;(e)Addressing problems facing automobile SMEs in digital transformation via targeted policy tools.
文摘With the rapid development of the market economy, complex changes have occurred in the market environment, and the competition among enterprises has become extremely fierce. The transformation of the structure of the market economy has prompted enterprises to seek for new developments and innovations. Under the background of the new economy, enterprises must begin from the perspective of internal management and internal strategic development to ensure quality enterprise operation mechanism innovation. This would help direct enterprise operation and development as well as demonstrate the value of enterprise internal management. In this way, enterprises will be able to array their overall competitiveness. This paper comprises a detailed analysis of the connotation and innovation of enterprise operation mechanism under the economic transformation, with the purpose of investigating the innovation strategy of enterprise operation mechanism under the economic transformation.
文摘The purpose of the Combined Economic Emission Dispatch(CEED)of electric power is to offer the most exceptional schedule for production units,which must run with both low fuel costs and emission levels concurrently,thereby meeting the lack of system equality and inequality constraints.Economic and emissions dispatching has become a primary and significant concern in power system networks.Consequences of using non-renewable fuels as input to exhaust power systems with toxic gas emissions and depleted resources for future generations.The optimal power allocation to generators serves as a solution to this problem.Emission dispatch reduces emissions while ignoring economic considerations.A collective strategy known as Combined Economic and Emission Dispatch is utilized to resolve the above-mentioned problems and investigate the trade-off relationship between fuel cost and emissions.Consequently,this work manages the Substantial Augmented Transformative Algorithm(SATA)to take care of the Combined Economic Emission Dispatch Problem(CEEDP)of warm units while fulfilling imperatives,for example,confines on generator limit,diminish the fuel cost,lessen the emission and decrease the force misfortune.SATA is a stochastic streamlining process that relies upon the development and knowledge of swarms.The goal is to minimize the total fuel cost of fossil-based thermal power generation units that generate and cause environmental pollution.The algorithm searches for solutions in the search space from the smallest to the largest in the case of forwarding search.The simulation of the proposed system is developed using MATLAB Simulink software.Simulation results show the effectiveness and practicability of this method in terms of economic and emission dispatching issues.The performance of the proposed system is compared with existing Artificial Bee Colony-Particle Swarm Optimization(ABC-PSO),Simulated Annealing(SA),and Differential Evolution(DE)methods.The fuel cost and gas emission of the proposed system are 128904$/hr and 138094.4652$/hr.
文摘The following contribution is the attempt to touch upon some fundamental questions for a reliable ethical diagnosis of what can be called the economic context of our epoch.For this purpose,we will consider a well-known concept within the medieval economics in light of its modern reappropriation against the backdrop of transformative ethics:the meant concept is usury;the meant reappropriation is that of Ezra Pound.For reasons of space,the single steps will merely hint at ethical questions that require a much more careful investigation.Within these limits,the essay will therefore analyze certain traits of our current economic context while reconsidering its ethical dimension in the light of the concept of usury.The framework within which this analysis will be conducted is that of transformative ethics.
文摘The Pearl River(Zhujiang)Delta(PRD)has been a focal point in reform era ac ademic circles not only for its dramatic industrial growth but a lso the simultaneous agricultural development.Unlike most of existing research on the PRDeconomic development and transformation fromthe whole region level,this paper explored this question f romthe perspec-tive of a township using Beijiao in Shunde City as a case study.Unlike the c onclusions of existing studies whic h attribute the regional economic transition to the macro factors,particularly the influence of external investment,t his research re-veals that at the level of township,t he local government,the town-villa ge owned enterprises and the individ uals have been playing remarkable roles in local economic transformation.In the early stage since the economic reform,Beijiao township government,replacing the central a nd provincial governments before,b egan to manipulate the development o f town-village owned enterprises and lead the local economic transformation from agricultural to industrial dominated.As the town-village owned enterprises grew during the later years,they gra dually acted as the main dominant pla yer leading the local agricultural and industrial growth.At the same time the individuals in Beijiao were playing more in dependent role to gain their most profits.While the local government changed to be t he real manager of local economies.S o the local economic transition was not entirely externally driven.In another word,the“driven from outsidemodel can not totally explain the economic fact in this specific region.
基金Under the auspices of Knowledge Innovation Program of Chinese Academy of Sciences (No. KCZX2-307-01)
文摘Land, as a key factor of production, is an appropriate indicator of national and regional economic structure transformation. Land use in the Changjiang (Yangtze) River Basin (CRB) since the 1950s has experienced these changes. Industrialization has been the most powerful force of the change in the regional development of the CRB. Virtually all regional resources were put into this effort to modernize the industrial production and urban construction systems of the CRB whose industrialization and urbanization has been a success story, with impressive structural change in both pro- duction and land use. These changes are evident in modern urban areas, but even more in traditionally rural areas. The regression analysis of regional development in the CRB over an extended period shows that the dominant factor in re- gional land use change is widespread industrialization in rural areas rather than the expansion of urban area. Thus, ur- banization has had a limited influence on land use change in the CRB. A major task in realizing more sustainable land use in the future development of CRB is to relocate industrial activities from rural to urban areas.
基金the Eleventh Five-Year Plan Project of philosophical and social sciences of Sichuan Province
文摘This paper explores the development of the human resource management theory from the perspective of social productive forces,deeply analyzing the development of the current social productive forces and the characteristics of the socio-economic development.It can be concluded that the development of the human resource management theory is closely related to the socio-economic development pattern.The twenty first century is a knowledge-driven era,and"eco-friendly"and"low-carbon"are the basic characteristics of the socio-economic development of the era of the knowledge-driven economy,which has great influence on the subject,aim and content of human resource management.Green human resource management conforms to the trend of the transformation of the socio-economic development.Based on the management of"human",it creates an eco-friendly,low-carbon and sustainable environment for enterprises,which promotes the transformation from extensive growth to intensive growth of the macro management of enterprises.
文摘As people exploit resources vigorously,the amount of exploitable resources is decreasing.Due to long-term unsustainable development,resource-based cities and towns have encountered problems such as lack of resources and slow economic growth.Faced with the"resource curse"phenomenon,the transformation of resource-based cities and towns is an inevitable trend to achieve sustainable development.In this article,taking Qingcheng County as an example,by analyzing and researching the development status and existing problems of resource industry,the stage of industrial development in Qingcheng County is discussed to prove the importance of industrial transformation to the sustainable development of Qingcheng County,the experience and lessons that Qingcheng County can learn are summarized,and the objective laws and influencing factors in the acceleration of industrial transformation in Qingcheng County are analyzed in depth.Using SWOT analysis,specific countermeasures are explored to realize the industrial transformation of Qingcheng County.
文摘The sound of Suzhou Pingtan,an art form which combines storytelling and ballad singing in the Suzhou dialect,swirled around a hall of the International Department of theCommunist Party of China’s Central Committee(IDCPC)in Beijing on August 31.The singing enchanted the audience,including 400 visiting political party leaders and ambassadors of
文摘The Group of 20(known as G20)was founded in Germany in 1999with an aim at handling international financial crisis,in particular preventing a regional crisis from spreading and becoming a bigger one.It is unfortunate that this meeting mechanism(forum)designed for tackling future impact has to play its role.The US and Europe both witnessed an unprecedented financial crisis with
文摘"Economic transformation"has become the main path to promote China's social and economic development,and many regions have increased the importance and attention to"economic transformation",and the Southwest region is no exception.Many cities in Southwest China are developing new energy sources to promote economic development and economic transformation.Economic transformation and economic development in Southwest China are mutually influencing and interacting,while energy development in Southwest China and its local economic development are mutually promoting and influencing,so economic transformation also affects energy demand and development in Southwest China.The importance of economic transformation should be taken into consideration.
文摘With the implementation of a series of policies to support rural development,such as the national rural revitalization strategy and poverty alleviation,the economic responsibility audit of township party and government leading cadres has been given new responsibilities and missions.However,some grass-roots audit institutions are faced with practical difficulties such as the solidification of audit thinking,slow progress of audit informatization construction,and large gap of grass-roots audit resources.The only way to overcome the difficulties is to explore the transfonnation of the economic responsibility audit and countermeasures of the township party and government leading cadres by tracing the source and adapting measxires according to the difficulties.
文摘Over the past 20 years, China has made spectacular achievements in economic growth as well as in thetransformation of economic growth pattern. Industrial structure is being updated, and technology is playing a more andmore important role in economic development. The energy and resource consumption in many industries and enterprisesare reducing. However, we should realize that there are still many problems in changing the economic growth pattern,such as high input, high consumption, high discharge, inharmony, recycling difficulty, and low efficiency, which havegreatly impaired and restrict Chinese economic development. Therefore, the fundamental change of the economic growthpattern is inevitable. Based on the analysis on the status quo and the exploit of resources, this paper suggests that thetransformation from unsustainable to sustainable growth is the only choice in changing the economic growth pattern. Inaddition, the transformation should not completely rely on the fundamental effects of market mechanism. We should makefull use of the power of governments to speed up the transformation of economic system.
基金financial interest(such as honorariaeducational grants+2 种基金participation in speakers’bureausmembership,employment,consultancies,stock ownership,or other equity interestand expert testimony or patent-licensing arrangements),or nonfinancial interest(such as personal or professional relationships,affiliations,knowledge or beliefs)in the subject matter or materials discussed in this manuscript.
文摘We explore the impacts of economic and financial dislocations caused by COVID-19 pandemic shocks on food sales in the United States from January 2020 to January 2021.We use the US weekly economic index(WEI)to measure economic dislocations and the Chicago Board Options Exchange volatility index(VIX)to capture the broader stock market dislocations.We validate the NARDL model by testing a battery of models using the autoregressive distributed lags(ARDL)methodology(ARDL,NARDL,and QARDL specifications).Our study postulates that an increase in WEI has a significant negative long-term effect on food sales,whereas a decrease in WEI has no statistically significant(long-run)effect.Thus,policy responses that ignore asymmetric effects and hidden cointegration may fail to promote food security during pandemics.