Green transformation of the building industry and the government policy effects: Policy simulation based on the DSGE model

Sun, Chuanwang; Xu, Zhehong

doi:10.1016/j.energy.2023.126721

Cited by 34 publications

(5 citation statements)

References 33 publications

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“…The basic framework of this paper is as an extension of the research results of [36]. Since there is no research on applying the DSGE model to the analysis of the implementation effect of water resources tax reform policy, this paper draws on the research method of [25] on carbon tax. It incorporates water resources as a critical element into the model.…”

Section: Modelmentioning

confidence: 99%

“…Since [21] first used the DSGE model to study the time-series characteristics of the U.S. macro economy, the effects of energy price shocks [22], the impact of stochastic technology shocks [23], and coal and carbon resources [24] have been continuously introduced to optimize this. Subsequently, [25] used a DSGE model to simulate the dynamic responses of total output and environmental quality before and after the carbon tax, comparing and analyzing the effects of imposing a carbon tax, and increasing the carbon tax rate under different carbon emission intensities. Ref.…”

Section: Introductionmentioning

confidence: 99%

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The Impact of Water Resources Tax Policy on Water Saving Behavior

Wang¹,

Muniba

Lakner

et al. 2023

Water

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The Chinese water administration department has continuously explored and formulated regulatory and market-oriented water control policies to alleviate the contradiction between water shortage and economic and social development and promote the new idea of ‘water-saving first’ water control. Among them, implementing a water resources tax policy as a price means has achieved initial success. The water-saving effect of water resources tax collection is one of the important bases for determining whether the tax reform will be promoted nationwide in the next stage. Based on this, taking Hubei Province, the first tax reform pilot in China, as an example, water resource elements are integrated into the economic system and a dynamic stochastic general equilibrium model (DSGE) is constructed, embedded in water resources tax to simulate the persistent impact of such a tax on water saving objectives. The research shows that: (1) A water resources tax can effectively achieve the goal of water-saving and improve the utilization efficiency of water resources. (2) Levying a water resources tax helps to improve the water-saving awareness of enterprises and residents and promotes enterprises to optimize their production structure. (3) Rational and efficient use of special water resources protection funds is the basis for ensuring the effective implementation of a water resources tax. It can also improve the recycling capacity of water resources. This means that the government should speed up the exploration of the relationship between supply and demand for comprehensive water resources, to establish a reasonable range of water resources tax rates to guarantee people’s livelihoods, and to accelerate the construction of water resources tax guarantee measures, in order to achieve a relatively steady-state of water resources utilization and protection, realizing the dual goal of sustainable economic development and sustainable use of water resources.

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Section: Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Impact of Water Resources Tax Policy on Water Saving Behavior

Wang¹,

Muniba

Lakner

et al. 2023

Water

View full text Add to dashboard Cite

show abstract

“…El impacto de estas sanciones en la liquidez y la capacidad contributiva de las empresas constructoras es significativo, esto se evidencia en la imposición de multas del 15% o más, por sobre los ingresos de los contratos de construcción y pueden disminuir drásticamente la disponibilidad de recursos de las empresas, lo que afecta su capacidad para cumplir con otras obligaciones financieras y operativas. En algunos casos, estas sanciones pueden llevar al cierre de constructoras, lo que tiene consecuencias negativas tanto para el patrimonio de las empresas como para la economía del país (Sun et al, 2023).…”

Section: Magazine De Las Cienciasunclassified

Sanciones a las empresas de la construcción determinadas por el SRI

Rivadeneira Rivera,

Zula Cujano

2023

RMC

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Este artículo abordó la incidencia del Servicio de Rentas Internas (SRI) en las empresas constructoras del Ecuador, un sector vital que aporta un 10% a la economía del país. El objetivo del trabajo fue analizar el impacto de las determinaciones directas y presuntivas emitidas por el SRI en el sector de la construcción. Se utilizó una metodología cualitativa y se entrevistó a 6 expertos exfuncionarios del SRI, los datos recolectados se analizaron con codificación axial. Los resultados indicaron que las sanciones, se enfocan en las discrepancias entre los ingresos y los costos declarados, debido a desorganización contable y desconocimiento normativo por parte de las empresas. La normativa tributaria carece de criterios claros para la imposición de sanciones y el impacto significó dificultades financieras, cierre de empresas y multas excesivas. Finalmente, se debe llevar a cabo una revisión a la normativa para establecer sanciones adecuadas, propiciando seguridad jurídica y un ambiente favorable para el desarrollo del sector constructor en Ecuador.

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“…The intermediate-goods elasticity of substitution, based on the works of Xiao et al [57] and Liu and He [58], was established at a value of 6. Informed by Zheng and Guo [59] and Sun et al [60], the depreciation rate was determined to be 0.025. Moreover, the steady-state interest rate, guided by the findings of Ma and Jiang [61], was set at a value of 1.00511.…”

Section: Parameter Calibration and Estimationmentioning

confidence: 99%

Assessing the Macroeconomic Consequences of External Financial Upheavals on China: A Caution of a Silicon Valley Bank’s Collapse

Wang,

2023

Axioms

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In the context of an increasingly interconnected global economy, deciphering the complex ripple effects of external financial disruptions on national economies is a task of utmost significance. This article dives deep into the intricate repercussions of such disturbances on the macroeconomic dynamics of China using the example of the potential insolvency of a Silicon Valley bank. Grounded in empirical scrutiny, we leverage data spanning from Q1 2000 to Q1 2022 and the analytical utility of the impulse response function to illuminate our findings. We find that external financial tumult triggers a global recession, adversely impacting China’s export-driven economy while simultaneously unsettling aggregate output, employment levels, and wage stability. Simultaneously, these disruptions induce variability in consumption tendencies, investment trajectories, and import volumes and inject instability into interest rate paradigms. We also acknowledge the potential for currency depreciation and bank insolvency incidents to induce inflationary stresses, primarily by escalating the costs of imports. However, these inflationary tendencies may be offset by the concomitant economic slowdown and diminished demand inherent to global recessions. Importantly, the tightening of global credit conditions, coupled with existing financial ambiguities, may obstruct investment initiatives, curtail imports, and exert influence on both risk-free and lending interest rates. Our investigation also probes into the response of the Chinese government’s monetary policy to these external financial shocks. Despite the vital role of monetary policy in alleviating the impacts of these shocks, the potential secondary effects on China’s domestic economy warrant attention. Our study underscores the imperative of proper policy design rooted in a profound understanding of the intricate economic interdependencies for effective management and mitigation of the potentially detrimental consequences of such financial upheavals on China’s macroeconomic resilience within the tapestry of a tightly knit global financial ecosystem.

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Green transformation of the building industry and the government policy effects: Policy simulation based on the DSGE model

Cited by 34 publications

References 33 publications

The Impact of Water Resources Tax Policy on Water Saving Behavior

The Impact of Water Resources Tax Policy on Water Saving Behavior

Sanciones a las empresas de la construcción determinadas por el SRI

Assessing the Macroeconomic Consequences of External Financial Upheavals on China: A Caution of a Silicon Valley Bank’s Collapse

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