Empirical analysis of differential spillover effects within a growth equilibrium framework: Urban-rural versus rural-rural linkages

2016 ◽  
Author(s):  
Siyi Feng ◽  
Myles Patton
Keyword(s):  
Empirical Analysis ◽  
Spillover Effects ◽  
Urban Rural ◽  
Growth Equilibrium

Urban–rural income disparity and inbound tourism: Spatial evidence from China

2019 ◽  
Vol 26 (7) ◽  
pp. 1231-1247 ◽  
Author(s):  
Wenming Shi ◽  
Meifeng Luo ◽  
Mengjie Jin ◽  
Seu Keow Cheng ◽  
Kevin X. Li
Keyword(s):  
Spatial Econometrics ◽  
National Level ◽  
Spillover Effects ◽  
Western Region ◽  
Income Disparity ◽  
Rural Income ◽  
Inbound Tourism ◽  
Urban Rural ◽  
The Western Region

The challenging concern regarding how the benefits of inbound tourism can be evenly distributed, especially among urban and rural individuals, has received considerable attention in China. To address this concern, a spatial econometrics approach is used to estimate the spillover effects of inbound tourism on urban–rural income disparity (URID). An empirical analysis using the spatial Durbin model was conducted for 31 Chinese provinces covering the period from 2003 to 2017. Our findings suggest that at the national level, local inbound tourism significantly reduces the local URID, while neighboring inbound tourism significantly increases the local URID. At the regional level, the role of inbound tourism in reducing the local URID is only detected in the western region. The spillover effects of inbound tourism are positive and significant in the eastern/northeastern region but negative in the western region. In general, these findings provide insights into the importance of interregional tourism policies and strategies for inbound tourism development in China.

scholarly journals Developing Comprehensive Economic Information for Regional Planning: A Case Study

1977 ◽  
Vol 9 (2) ◽  
pp. 25-28
Author(s):  
Dilip Pendse ◽  
M. C. Conner
Keyword(s):  
Regional Planning ◽  
Rural Areas ◽  
Spillover Effects ◽  
Geographic Area ◽  
Community Services ◽  
Access To Services ◽  
Economic Information ◽  
Urban Rural ◽  
Do So

In recent years, many communities have used regional planning in their quest for economic and social development. Several factors have prompted them to do so. First, community leaders have recognized that a larger geographic area gives a community a larger economic base for planning purposes and offers access to services and institutions that would be impossible in each and every town, thus enhancing potential for development. Second, a greater emphasis is now placed upon identification and use of regions for planning and development purposes under state and federal laws. Third, importance of regional planning has grown because of such factors as growing urbanization, increased demands for community services, pressure to reduce disparities among urban-rural areas, growing environmental concerns, and “spillover” effects of unplanned growth.

Transport infrastructure, accessibility, and spillover effects: An empirical analysis of the Portuguese real estate market from 2000 to 2018

2021 ◽  
pp. 101130
Author(s):  
João Fragoso Januário ◽  
Álvaro Costa ◽  
Carlos Oliveira Cruz ◽  
Joaquim Miranda Sarmento ◽  
Vítor Faria e Sousa
Keyword(s):  
Real Estate ◽  
Empirical Analysis ◽  
Spillover Effects ◽  
Real Estate Market ◽  
Transport Infrastructure

Asymmetric impact of shocks on Islamic stock indices: a cross country analysis

2019 ◽  
Vol 10 (1) ◽  
pp. 2-86 ◽  
Author(s):  
Anum Fatima ◽  
Abdul Rashid ◽  
Atiq-uz-Zafar Khan
Keyword(s):  
Stock Returns ◽  
Empirical Analysis ◽  
Spillover Effects ◽  
Policy Implications ◽  
Bad News ◽  
Volatility Spillover ◽  
Content Type ◽  
Asymmetric Effects ◽  
Stock Indices ◽  
Asymmetric Impact

PurposeSeveral studies focus on asymmetric impact of shocks on conventional stocks. However, only few studies explore Islamic stocks, but none has examined the asymmetric impact of shocks on Islamic stocks. This study aims to fill the gap by investigating the asymmetric impact of shocks on Islamic stocks. Specifically, it identifies the effect of good and bad news on Islamic stock market. The study also aims to examine the returns and volatility spillover effects across different Islamic markets.Design/methodology/approachTo carry out the empirical analysis, the authors have applied the exponential generalized autoregressive conditional heteroscedasticity (ARCH) model on daily Islamic stock indices of 18 countries. The study covers the period from July 2009 to July 2016. The authors have started their empirical analysis by examining the time series properties and testing the presence of ARCH effects. Further, the authors have applied several post-estimation tests to ensure the robustness of the results.FindingsThe results indicate that there is significant leverage effect in Islamic stocks traded in the sampled countries. That is, negative shocks or bad news have stronger effects on Islamic stock returns’ volatility as compared to positive shocks or good news. The authors also found that there are significant mean spillover effects for the examined countries. This finding implies that increased Islamic stock returns in country have significant and positive effects in Islamic stocks’ returns in another other. Similarly, the results regarding the volatility spillover effects suggest that there are significant volatility spillover effects across all examined countries. However, the authors found both positive and negative volatility spillover effects. It should also be noted that in some cases, the authors did not find any significant volatility spillover effect.Practical implicationsThe findings of this study have several important policy implications for both investors and policymakers. As the findings suggest that Islamic stock indices are integrated across countries both in terms of returns (mean) and risk (volatility), they are useful for investors to design well-diversified portfolios. The significant volatility spillovers suggest policymakers to design such policy that may help in reducing the adverse effects of increased volatility of Islamic stock of other/foreign countries on the Islamic stocks of the home countries. The significant evidence of the presence of leverage (asymmetric) effects suggest investors to use effective and active hedging instruments to hedge risk, particularly, in bad times.Originality/valueUnlike other studies on Islamic stocks, this study takes into account the asymmetric effects of positive and negative shocks. Further, the study examines the mean and variance spillover effects for a large panel of countries having Islamic stocks. Finally, several pre- and post-estimation tests are applied to ensure the robustness of the results.

scholarly journals Empirical Analysis on the Performance of Rural Credit Cooperative’s Shareholding Reform Based on the Rationale of Isomorphic Incentive Compatibility

2021 ◽  
Vol 13 (5) ◽  
pp. 2844
Author(s):  
Yue Hu ◽  
Siwei Lu ◽  
Huiyuan Zhang ◽  
Guibo Liu ◽  
Jiangang Peng
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
Financial Services ◽  
Incentive Compatibility ◽  
Agricultural Producers ◽  
Rural Credit ◽  
Positive Effects ◽  
Rural Economic Development ◽  
Urban Rural ◽  
Banking Development

Rural economic development helps reduce the income inequality in China. Existing studies show the positive effects of rural reforms, however, whether the rural credit cooperative’s shareholding reform promotes rural economic development and whether effects are exerted through the synergism between agricultural producers and rural financial institutions remain unclear yet. Employing the rationale of isomorphic incentive compatibility from system science, we analyze the necessity and influencing conduit of rural credit cooperative’s shareholding reform theoretically. Analysis shows that only the financial services from rural commercial banks can promote the modernized production, and thus the synergism between them drives rural economic development. Then we make empirical analysis on the effect with a Chinese provincial sample. Comparing to provinces with lower reform progress, the provinces with greater reform progress are influenced more prominently by this reform. Applying coupling coordination degree model, the coordination between agricultural production and rural banking development shows obvious increase, especially after the formal implementation of shareholding reform on rural credit cooperative. Empirical results indicate that this synergism plays positive roles in promoting agricultural growth and reducing the urban–rural income gap. In addition, these effects are more pronounced after the formal implementation of shareholding reform.

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