scholarly journals Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies

2020 ◽  
Vol 2020 ◽  
pp. 1-10 ◽  
Author(s):  
Xiaoqun Liu ◽  
Liuchun Yu ◽  
Yuchen Zhang ◽  
Youcong Chao
Keyword(s):  
Spillover Effect ◽  
Spillover Effects ◽  
Spatial Dimension ◽  
Financial Flexibility ◽  
Spatial Spillover ◽  
The Impact ◽  
Exhibition Industry ◽  
Different Levels ◽  
Spatial Spillover Effect

Financial flexibility is an important research issue in corporate finance. This paper utilizes the Spatial Durbin Model (SDM) to analyze the impact of financial flexibility on the investment of Convention and Exhibition companies listed on the New Third Board from 2014 to 2016. The empirical results show the following. Firstly, the greater the financial flexibility, the more investment the firm will make. Secondly, the enhancement in financial flexibility would lead to an increase in investment of companies in the Convention and Exhibition industry in the local provinces, indicating that the financial flexibility has a significant positive intraregional spatial spillover effect on investment. On the other hand, financial flexibility has spatial spillover effects, and its rise will reduce the investment in other provinces, which could be explained by the competition effect between enterprises. Overall, we have further elucidated the role of different levels of financial flexibility on the investment of the Convention and Exhibition listed enterprises from the spatial dimension, thereby enriching the existing research on corporate financial flexibility and corporate value to some certain extent.

Ecological well-being performance and influencing factors in China: from the perspective of income inequality

Kybernetes ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lijun Zhou ◽  
Zongqing Zhang
Keyword(s):  
Income Inequality ◽  
Influencing Factors ◽  
Spillover Effect ◽  
Well Being ◽  
Spillover Effects ◽  
Content Type ◽  
Spatial Spillover ◽  
Effective Decision ◽  
The Impact ◽  
Spatial Spillover Effect

PurposeChina's increasing income inequality might cause a series of problems, such as the slowdown of economic growth, social and economic tension, the decline of the ecological environment quality and the threat to citizens' health. Consequently, income inequality will inevitably affect the ecological well-being performance (EWP) level of China's provinces through the above aspects. Analyzing the impact of income inequality on EWP and its spatial spillover effects are conducive to improving the level of EWP in China. Therefore, the research purpose of this paper is to use China's provincial data from 2001 to 2017 to analyze the impact of income inequality on EWP and the spatial spillover effect based on the evaluation of the EWP value of each province.Design/methodology/approachAt first, this study utilizes the super efficiency slacks-based measure model (Super-SBM model) to calculate the EWP values of 30 provinces in China, which can evaluate and rank the effective decision units in the SBM model and make up for the defect that the effective decision units cannot be distinguished. Then this study applies the spatial Durbin model and Tobit regression model (SDM-Tobit model) to explore the impact of income inequality and other influencing factors on EWP and the spatial spillover effects in adjacent areas.FindingsFirstly, the average EWP in China fluctuated slightly and showed a downward trend from 2001 to 2017. In addition, the EWP values of the provinces in the western region are usually weaker than those in the eastern and central regions. Moreover, income inequality is negatively correlated with EWP, and the EWP has a spatial spillover effect, which means the EWP level in a region is affected by EWP values in the adjacent regions. Furthermore, the industrial structure and urbanization level are both negatively related to EWP, while technology level, investment openness, trade openness and education level are positively related to EWP.Originality/valueCompared with the existing research, the possible contribution of this research is that it takes income inequality as one of the important influencing factors of EWP and adopts the SDM-Tobit model to analyze the impact mechanism of income inequality on EWP from the perspective of time and space, providing new ideas for improving the EWP of various provinces in China.

scholarly journals Spatial Spillover Effects of Air Pollution on the Health Expenditure of Rural Residents: Based on Spatial Durbin Model

2021 ◽  
Vol 18 (13) ◽  
pp. 7058
Author(s):  
Bo Sun ◽  
Bo Wang
Keyword(s):  
Air Pollution ◽  
Direct Effect ◽  
Health Expenditure ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Spatial Durbin Model ◽  
Rural Residents ◽  
Spatial Spillover ◽  
The Impact ◽  
Spatial Spillover Effect

Background: Air pollution is one source of harm to the health of residents, and the impact of air pollution on health expenditure has become a hot topic worldwide. However, few studies aim at the spatial spillover effects of air pollution on the health expenditure of rural residents (HE-RR), including the impact on the health expenditure in neighboring areas. Objective: Based on the existing research, this paper further introduces the spatial dimension and uses the Spatial Durbin model to discuss the impact of environmental pollution on the health expenditure of rural residents (HE-RR). Methods: Based on provincial panel data during 2002–2015 in China, the Spatial Durbin model was used to investigate the spatial spillover effect of the average annual concentration of PM2.5 (AAC-PM2.5) on the health expenditure of rural residents (HE-RR). Results: There was a significant positive correlation between AAC-PM2.5 and health expenditure of rural residents (HE-RR) in neighboring areas at a significant level of 5% (COEF: 2.546, Z:2.340), that is, AAC-PM2.5 has a spatial spillover effect on PC-HE-RR in neighboring areas, and the spatial spillover effect is greater than the direct effect. The migration and diffusion of PM2.5 pollution will affect the air quality of neighboring areas, leading to the health risk not only from the local PM2.5 pollution but also the nearby PM2.5 pollution. Conclusion: The results show a significant positive relationship between air pollution and HE-RR in neighboring areas, and the spatial spillover effect is greater than the direct effect.

Effects of tourism development on economic growth: An empirical study of China based on both static and dynamic spatial Durbin models

2021 ◽  
pp. 135481662110211
Author(s):  
Honghong Liu ◽  
Ye Xiao ◽  
Bin Wang ◽  
Dianting Wu
Keyword(s):  
Economic Growth ◽  
Spillover Effect ◽  
Tourism Development ◽  
Spillover Effects ◽  
Policy Implications ◽  
Long Term Effects ◽  
Spatial Spillover ◽  
Domestic Tourism ◽  
Inbound Tourism ◽  
Spatial Spillover Effect

This study applies the dynamic spatial Durbin model (SDM) to explore the direct and spillover effects of tourism development on economic growth from the perspective of domestic and inbound tourism. The results are compared with those from the static SDM. The results support the tourism-led-economic-growth hypothesis in China. Specifically, domestic tourism and inbound tourism play a significant role in stimulating local economic growth. However, the spatial spillover effect is limited to domestic tourism, and the spatial spillover effect of inbound tourism is not significant. Furthermore, the long-term effects are much greater than the short-term impact for both domestic and inbound tourism. Plausible explanations of these results are provided and policy implications are drawn.

scholarly journals Spatial Spillover Effect and Influencing Factors of Information Flow in Urban Agglomerations—Case Study of China Based on Baidu Search Index

2021 ◽  
Vol 13 (14) ◽  
pp. 8032
Author(s):  
Chengzhuo Wu ◽  
Li Zhuo ◽  
Zhuo Chen ◽  
Haiyan Tao
Keyword(s):  
Influencing Factors ◽  
Information Flow ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Urban Agglomeration ◽  
Coordinated Development ◽  
Spatial Spillover ◽  
Urban Agglomerations ◽  
Search Index ◽  
Spatial Spillover Effect

Cities in an urban agglomeration closely interact with each other through various flows. Information flow, as one of the important forms of urban interactions, is now increasingly indispensable with the fast development of informatics technology. Thanks to its timely, convenient, and spatially unconstrained transmission ability, information flow has obvious spillover effects, which may strengthen urban interaction and further promote urban coordinated development. Therefore, it is crucial to quantify the spatial spillover effect and influencing factors of information flows, especially at the urban agglomeration scale. However, the academic research on this topic is insufficient. We, therefore, developed a spatial interaction model of information flow (SIM-IF) based on the Baidu Search Index and used it to analyze the spillover effects and influencing factors of information flow in the three major urban agglomerations in China, namely Beijing–Tianjin–Hebei (BTH), the Yangtze River Delta (YRD), and the Pearl River Delta (PRD) in the period of 2014–2019. The results showed that the SIM-IF performed well in all three agglomerations. Quantitative analysis indicated that the BTH had the strongest spillover effect of information flow, followed by the YRD and the PRD. It was also found that the hierarchy of cities had the greatest impact on the spillover effects of information flow. This study may provide scientific basis for the information flow construction in urban agglomerations and benefit the coordinated development of cities.

scholarly journals Spatial-Temporal Effects of PM2.5 on Health Burden: Evidence from China

2019 ◽  
Vol 16 (23) ◽  
pp. 4695 ◽  
Author(s):  
Zeng ◽  
Du ◽  
Zhang
Keyword(s):  
Direct Effect ◽  
Spatial Clustering ◽  
Spillover Effect ◽  
Spatial Spillover ◽  
Regulatory Policies ◽  
Health Burden ◽  
Lag Effect ◽  
Pm2.5 Exposure ◽  
The Impact ◽  
Spatial Spillover Effect

By collecting the panel data of 29 regions in China from 2008 to 2017, this study used the spatial Durbin model (SDM) to explore the spatial effect of PM2.5 exposure on the health burden of residents. The most obvious findings to emerge from this study are that: health burden and PM2.5 exposure are not randomly distributed over different regions in China, but have obvious spatial correlation and spatial clustering characteristics. The maximum PM2.5 concentrations have a significant positive effect on outpatient expense and outpatient visits of residents in the current period, and the impact of PM2.5 pollution has a significant temporal lag effect on residents’ health burden. PM2.5 exposure has a spatial spillover effect on the health burden of residents, and the PM2.5 concentrations in the surrounding regions or geographically close regions have a positive influence on the health burden in the particular region. The impact of PM2.5 exposure is divided into the direct effect and the indirect effect (the spatial spillover effect), and the spatial spillover effect is greater than that of the direct effect. Therefore, we conclude that PM2.5 exposure has a spatial spillover effect and temporal lag effect on the health burden of residents, and strict regulatory policies are needed to mitigate the health burden caused by air pollution.

Does China’s transportation infrastructure have an impact on employment in the service sector?

Kybernetes ◽  
2020 ◽  
Vol 49 (11) ◽  
pp. 2737-2753
Author(s):  
Hui Wang ◽  
Meiqing Zhang
Keyword(s):  
Large Scale ◽  
Service Industry ◽  
Spillover Effect ◽  
Transportation Infrastructure ◽  
Content Type ◽  
Inland Waterways ◽  
Spatial Spillover ◽  
Positive Effects ◽  
The Impact ◽  
Spatial Spillover Effect

Purpose The large-scale construction of China’s transportation infrastructure has driven the flow of elements between regions, which has provided convenient conditions for the accumulation of advantageous resources. Design/methodology/approach Based on the panel data of 31 provinces in China in the past 2003-2017 years, this paper applies the spatial econometric model and partial differential method and empirically analyzes the spatial spillover effect of transportation infrastructure on employment in the service industry under four spatial weighting matrices. Findings The results show that for every 1 per cent increase in the level of transportation infrastructure, the employment density of the service industry in the region can be increased by 0.1274 per cent. It is worth noting that roads promote the employment of the service industry more than railways and inland waterways. However, inland waterways have not shown positive effects. The results on spatial spillover of transportation infrastructure indicate that railway has obvious promotion effect on the employment level of service industry in the surrounding area, while the highway has hindered the effect. The spatial spillover effect of inland waterway is not obvious. Originality/value The value of this paper is to consider the impact of China’s transportation infrastructure on employment in a particular industry, especially in the service industry. The research will help to provide empirical evidence for policymakers. The government needs to invest and build transportation infrastructure based on the stage and development potential of the employment development of the regional service industry.

scholarly journals The Spatial Interaction Effect of Environmental Regulation on Urban Innovation Capacity: Empirical Evidence from China

2021 ◽  
Vol 18 (9) ◽  
pp. 4470
Author(s):  
Ruomeng Zhou ◽  
Yunsheng Zhang ◽  
Xincai Gao
Keyword(s):  
Environmental Regulation ◽  
Industrial Development ◽  
Positive Impact ◽  
Spatial Interaction ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Spatial Spillover ◽  
Innovation Capacity ◽  
Spatial Spillover Effects ◽  
The Impact

This paper applies a spatial econometric model to measure the impact of environmental regulation on urban innovation capacity from a spatial interaction perspective by using panel data from 41 cities in the Yangtze River Delta urban agglomeration from 2009 to 2018. The study findings are as follows: first, environmental regulation has a significant positive impact on urban innovation capacity and a significant positive spatial spillover effect; second, innovation capacity has significant positive spatial dependence; third, city informatization level, government expenditures on science and technology, city economic scale, and industrial development level all positively affect the innovation capacity of neighboring cities and all have positive spatial spillover effects on the innovation capacity of neighboring cities; and finally, city expansion reduces the innovation capacity of a city and has negative spatial spillover effects on the innovation capacity of neighboring cities.

scholarly journals Can Green Finance Optimize Energy Structure: A Spatial Econometric Analysis based on China's Traditional and Renewable Energy Consumption

2021 ◽  
Author(s):  
Hui Wang ◽  
Lili Jiang ◽  
Hongjun Duan ◽  
Yifeng Wang ◽  
Yichen Jiang
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Spillover Effect ◽  
Energy Structure ◽  
Renewable Energy Consumption ◽  
Spatial Spillover ◽  
Consumption Structure ◽  
Green Finance ◽  
The Impact ◽  
Spatial Spillover Effect

Abstract This paper studies the impact of the development of green finance on China’s energy consumption structure. In terms of the construction of the green finance index (GFI), this paper selects 17 basic indexes from the three aspects of economy, finance, and environment, uses the improved entropy weight method to construct the GFI, and studies the spatial spillover effect of the GFI of China's provinces. This paper further studies the impact of green finance on traditional and renewable energy consumption. We first uses panel regression to determine that the development of green finance has a positive effect on the slowdown of traditional energy consumption and acceleration of renewable energy consumption, and then further studies the spatial characteristics of green finance development on energy consumption by using spatial Durbin model. The results show that there is a positive spatial spillover effect in the development of green finance among provinces in China. The development of green finance contributes to the conversion of traditional to renewable energy consumption. The effect of green finance on the transformation of energy consumption structure is mainly reflected in the direct effect. Therefore, the government should support the green finance, reduce traditional energy consumption and increase renewable energy consumption.

scholarly journals Will Policy Uncertainty Deteriorate Haze Pollution? A Spatial Spillover Perspective

2021 ◽  
Vol 18 (19) ◽  
pp. 10229
Author(s):  
Xiulin Qi ◽  
Xin Wang ◽  
Xiao Jin ◽  
Zhenyu M. Wang ◽  
Beibei Zhang ◽  
...  
Keyword(s):  
Direct Effect ◽  
Local Level ◽  
Spillover Effect ◽  
Sustainable Growth ◽  
Policy Uncertainty ◽  
Severe Problem ◽  
Spatial Spillover ◽  
Haze Pollution ◽  
The Impact ◽  
Spatial Spillover Effect

Haze has been a severe problem in China for some time, jeopardizing air quality, public health and sustainable growth. This paper examines the direct effect and spatial spillover effect of policy uncertainty on haze pollution with a spatial panel model, using prefecture-level data from 2004 to 2016. This study shows that: (1) policy uncertainty has increased the level of local haze pollution and has a significant spatial spillover effect on surrounding areas; (2) although local policy uncertainty has increased the haze pollution in geographically adjacent cities, it only affects the cities within the province with similar economic distances; and (3) the policy at the central level can effectively alleviate the impact of policy uncertainty at the local level on haze pollution, especially in relation to the spatial spillover effect, but still has limitations in eliminating the direct effect, which is due to the ineradicable nature of policy uncertainty.

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