Does Public Infrastructure Breed Consumption Downgrade and Overcapacity in China? A DSGE Approach on Macroeconomic Effects

Lang, Youze; Qiu-yi, Yang

doi:10.3390/su11030831

Cited by 11 publications

(6 citation statements)

References 45 publications

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“…At the same time, the government's carbon emission reduction expenditure has significantly reduced carbon emissions for a long time, and the environmental quality has been significantly improved, i.e., the government's emission reduction expenditure has a long-term effect on carbon emission reduction. Lang and Yang (2019) also proved that capacity utilization is in essence improved by vigorous government support for infrastructure construction, which ultimately benefits continuously stable social sustainability in the long term.…”

Section: Government's Emission Reduction Expenditure Shockmentioning

confidence: 99%

Redesigning carbon emissions reduction policies for China’s manufacturing industry: a dynamic stochastic general equilibrium approach

et al. 2023

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The design of China’s industrial carbon reduction policies is still in its early stages, so currently, comparing the effectiveness of various emission reduction policies can help China design emission reduction policies. This paper develops a dynamic stochastic general equilibrium (DSGE) model of China’s manufacturing industry and investigates the impact of innovation on environmental protection technology, the carbon emissions tax, and government emissions reduction expenditures on the output and carbon emissions reduction of China’s manufacturing industry. Unlike previous studies that examined one policy using a single model, by focusing on the differences between three shocks it is possible to make the policies more comparable, and the comparison is more convincing. The results indicate that updating environmental protection technology can promote the development of the manufacturing industry and reduce carbon emissions in the short term. Carbon emissions taxes have a negative effect on manufacturing output in the short term and a significant and lasting effect on the reduction of carbon emissions in the long term. The government’s emissions reduction expenditures have a positive effect on manufacturing output in the short term, but a non-significant negative effect in the long term. The Chinese government should take the lead in implementing carbon emissions tax policies in heavily polluting industries and regions while lowering but stabilizing emissions reduction expenditures.

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Section: Government's Emission Reduction Expenditure Shockmentioning

confidence: 99%

Redesigning carbon emissions reduction policies for China’s manufacturing industry: a dynamic stochastic general equilibrium approach

et al. 2023

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“…Currently, the literature on business cycle theory is based on the notion of dynamic stochastic general equilibrium and reflects the trajectory of economic development (Lang & Yang, 2019). The general equilibrium in the modeled economy is formed by the adequate response of representative economic agents to current conditions, taking into account all possible expectations.…”

Section: Literature Reviewmentioning

confidence: 99%

Early Warning System and Crisis Management

Riani,

Ikhwan

2024

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This research was made to find out the development map on the research topic with the theme Early Warning Economic Crisis. This study discusses bibliometric mapping of the development of trends in keywords, authors, and journals on digital banking from a number of Scopus-indexed reputable papers published between 1990 and 2021. Early warning systems help organizations reduce losses and are critical in detecting emergencies from occurring. This research contributes to the field of early warning system development and applications in the economic and financial sectors by providing new knowledge and critical insights into a previously unexplored topic. Our research also contributes to a better understanding of the use of Early warning systems in business, finance, and economics. Consequently, accumulating knowledge to detect risks before it is too late is crucial for companies to maintain a competitive advantage in the market.

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“…Currently, the works within the framework of the theory of the real business cycle are based on the concept of the dynamic stochastic general equilibrium and represent market-clearing trajectories of economic development [30,31]. The general balance in the modeled economy is achieved by means of the adequate response of the representative economic agents to the prevailing conditions, taking into account all their possible expectations [30].…”

Section: Literature Reviewmentioning

confidence: 99%

Improving Early Warning System Indicators for Crisis Manifestations in the Russian Economy

Semin

Vasiljeva²,

Sokolov

et al. 2020

Journal of Open Innovation: Technology, Market, and Complexity

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The study is aimed at determining the oscillators of crisis manifestations when the Russian economy tries to make transition to the path for accelerating technological development and forming an innovative economy. Short-term cycles were determined in the development of the Russian economy from 1995 to the first half of 2020 through the Fourier spectral analysis. Using the Granger test, causal relationships between the leading indicators of the economic crisis and the real GDP index in Russia were identified and substantiated. They reflect the influence of the key rate dynamics on the volume of lending, savings, investments, the yield on securities and the exchange rate; volumes of bank loans per the share of non-performing and bad loans and innovative development of the economy. Based on the constructed neural models of the oscillator influence on the level of real GDP in Russia, it was determined that the rapid growth of bank and mortgage lending, the devaluation of the ruble, a decreased volume of gross foreign investment and the level of innovative development predetermine crisis manifestations in the national economy. The lags of the influence of changes in the leading indicators of the economic crisis on the development of the economy were calculated. The results obtained can contribute to the effectiveness of the anti-crisis regulation strategy in Russia. They can serve as a basis for increasing the efficiency of long-term innovative development and creating appropriate conditions for increasing the scientific and technological potential of the country.

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Does Public Infrastructure Breed Consumption Downgrade and Overcapacity in China? A DSGE Approach on Macroeconomic Effects

Cited by 11 publications

References 45 publications

Redesigning carbon emissions reduction policies for China’s manufacturing industry: a dynamic stochastic general equilibrium approach

Redesigning carbon emissions reduction policies for China’s manufacturing industry: a dynamic stochastic general equilibrium approach

Early Warning System and Crisis Management

Improving Early Warning System Indicators for Crisis Manifestations in the Russian Economy

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