通讯机构：
[Zhou, YW ] H;Huazhong Univ Sci & Technol, Sch Econ, Luoyu Rd 1037, Wuhan 430074, Hubei, Peoples R China.
关键词：
School consolidation;education quality;human capital;China;I21;J24;O15
摘要：
This study investigates the long-term effects of school consolidation on human capital formation. We explore the implementation of a large-scale primary school consolidation programme in rural China aimed at improving the quality and efficiency of education. Using a difference-in-differences strategy, we find that exposure to the programme significantly increases the number of years of schooling completed by rural children. The effect changes with exposure duration to the RPSC programme and is stronger for children from areas with low economic development, areas with low educational inputs, and families with low parental education. Moreover, we provide evidence that improvements in input-based and output-based school quality are important mechanisms by which the programme affects educational attainment. Finally, the results of further analysis alert us to the adverse effects of the programme on noncognitive skills such as agreeableness and emotional stability, as well as on labour supply time in adulthood.
关键词：
business environment;digital collaboration;mediating and moderating effect;regional green development
摘要：
The collaboration of digitalization refers to a comprehensive digital governance system that achieves cross-regional digital industrialization and deep integration of industrial digitization through the construction of digital infrastructure, which paves the way toward regional sustainability. However, little is known about whether and to what extent regional digital collaboration contributes to green development. Furthermore, the specific role of digital collaboration in greening the regional economy and society remains unexplored. Thus, this paper tests the relationship between digital collaboration, business environment, and regional green development by using data from 285 prefecture-level cities in China from 2008 to 2022. The findings suggest that: (1) the hysteresis phenomenon of the “green dividend effect” response to regional digital collaboration is present; (2) digital collaboration in eastern cities positively impacted (but lagged) the greening of the economy and society, but cities in central and western regions negatively impact this process; (3) the business environment mediates the relationship between the lagged digital collaboration and regional green development, and it positively moderates the relationship between both the current and lagged digital collaboration and regional green development. By elucidating the relationship between digital collaboration, business environment, and regional green development, contributions have been made to previous digital innovation literature, and management insights have been provided for how regions can promote green development in the digital age.
关键词：
Low-carbon city pilot;Digital industry;Green development;Industrial structure change;Technological innovation;DID method
摘要：
The low-carbon city pilot (LCCP) policy is an essential strategy for China to combat climate change, attain the carbon neutrality target, and achieve comprehensive green transformation, which will inevitably have an impact on many areas of the economic system. The digital economy has given a new impetus to green devel-opment and sustainable growth in China, becoming an essential indicator of green transformation. Promot-ing the digital economy's growth is essential to successful green development. Does China's LCCP policy support digital economy growth while reducing energy use and emissions? This study evaluates digital econ-omy growth in China's 277 cities from 2002 to 2019 using the principal component analysis method and employing the difference-in-differences method to assess how the LCCP policy affects digital economy growth. The empirical results demonstrate that the LCCP policy encourages digital economy growth, which then promotes green development. The conclusion remains tenable following several robustness tests, including parallel trend, placebo, and endogeneity tests. A heterogeneity analysis demonstrates that the LCCP policy has a more profound influence on digital economy growth in coastal, non-resource-based, and large-scale cities. A mechanism test indicates that the LCCP policy positively encourages digital economy growth by promoting technological innovation and changing the industrial structure. This study offers new empirical evidence that LCCP policy can advance the achievement of green development.(c) 2023 The Author(s). Published by Elsevier Espana, S.L.U. on behalf of Journal of Innovation & Knowledge. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
摘要：
Research and development (R&D) investment is very important for firms to gain competitive advantages and sustainable development. Due to the uncertainty of the market and competitors, R&D investment is usually costly and high risk. In such circumstances, firms not only have to figure out the optimal investment timing, but also consider whether to cooperate with competitors to share the risks and costs. In this paper, a two-stage dynamic exchange option game model is proposed for two symmetric competing firms to analyze their R&D investment decision and cooperation. The results show that under uncertainty, the R&D investment timing and cooperation strategy of the two firms depend on the market fluctuation, R&D cost, opportunity benefit of free riding, and the externality of cooperation. If the opportunity benefit of free riding is less than or equal to half of the cooperative research cost, the two firms will invest as early as possible and cooperate. The technology spillover and profits of new products will positively affect the willingness of the competing firms to invest and cooperate in R&D. Moreover, we also calculate the market value thresholds of the investment strategies for the two firms. When the market value is small, the two firms wait for the R&D investment; when the value increases, the firm with a high successful R&D probability will lead the investment, and the other firm follows the investment; when the value is large enough, the two firms will invest at the beginning of the period.
摘要：
To explore to what extent and how corporate digitalization navigates green-tech innovation, using the 2011-2021 annual report data for China’s listed companies, the two-way Fixed Effect Model, Mediation Model, and Moderation Model have been applied to test the specific role of digitalization in fostering corporate green-tech innovation. Empirical results suggest that: (a) corporate green-tech innovation increases with the development of digitalization, and green-related organizational legitimacy mediates this process; (b) CEO characteristics significantly and positively moderate the relationship between digitalization and green-tech innovation, while CEO overconfidence negatively moderates the relationship between conformity legitimacy and green-tech innovation; (c) the moderating role of CEO characteristics changes with the differentiation of industry and property rights. Our empirical evidence shows that digitalization acts as an enabler of corporate green-tech innovation, and also highlights the efficacy of CEOs in this process.
作者机构：
[Wu, Haoqiang; Chen, Yunsi] Wuhan Polytech Univ, Food Econ Res Ctr, Wuhan 430023, Peoples R China.;[Wu, Haoqiang; Chen, Yunsi] Wuhan Polytech Univ, Sch Econ, Wuhan 430048, Peoples R China.;[Hu, Sumin] Suzhou Univ Sci & Technol, Business Sch, Suzhou 215009, Peoples R China.
通讯机构：
[Wu, HQ ] W;Wuhan Polytech Univ, Food Econ Res Ctr, Wuhan 430023, Peoples R China.;Wuhan Polytech Univ, Sch Econ, Wuhan 430048, Peoples R China.
关键词：
digital economy;green technology innovation;green agricultural development
摘要：
The digital economy is a key driver of greener agriculture and sustainable development. This paper focuses on the impact of the digital economy on green agricultural development and the mediating role of green technology innovation. Using provincial panel data from China from 2011 to 2020, we test hypotheses using fixed effects models. The results indicate that: (a) the digital economy boosts agricultural total factor productivity (AGTFP); (b) green technology innovation positively moderates the relationship between the digital economy and AGTFP; and (c) the positive impact of the digital economy on green agriculture varies across regions, favoring eastern areas.
