What’s the latest in development economics research? Microsummaries of 150+ papers from NEUDC 2018
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Digital economy, green dual innovation and carbon emissions, 1. introduction, 2. theoretical framework and hypotheses, 2.1. digital economy and carbon emissions, 2.2. the mediating role of green dual innovation, 2.3. the moderating role of social concerns, 3. empirical analysis of the impact of the digital economy on carbon emissions, 3.1. model construction, 3.2. variable description and data source, 3.2.1. variable description, 3.2.2. data source and description, 3.3. regression analysis of benchmark model, 3.4. robustness test, 3.5. endogenous analysis, 4. mechanisms of the digital economy’s role in carbon emissions, 4.1. model construction for mechanism testing, 4.2. analysis of mediating effects based on green dual innovation, 4.3. panel threshold analysis based on green dual innovation, 4.4. analysis of moderating effects based on social concerns, 5. further analysis, 5.1. heterogeneity analysis based on foreign investment, 5.2. heterogeneity analysis based on technology transactions, 5.3. heterogeneity analysis based on geographic location, 6. conclusions and policy recommendations, author contributions, institutional review board statement, data availability statement, acknowledgments, conflicts of interest.
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Click here to enlarge figure
Primary Index | Secondary Index | Concrete Measure Index (Attribute) | Measurement Method |
---|---|---|---|
Digital Economy Growth Level | digital industrialization | Number of Internet-related employees (+) | Percentage of employees in computer services and software |
Internet-related output (+) | Total telecommunications services per capita | ||
digital finance | Inclusive growth of digital finance (+) | The Peking University Digital Financial Inclusion Index of China (PKU-DFIIC) | |
digital infrastructure | Number of mobile Internet users (+) | Number of mobile phone users per 100 people | |
Internet penetration (+) | Density of Internet access terminals |
Variable Type | Variable Name | Measurement Method |
---|---|---|
Dependent variable | Carbon emissions (ce) | Calculate the natural logarithm of carbon dioxide emissions |
Key explanatory variable | Digital economy growth level (Dige) | Digital economy comprehensive growth index |
Intermediary variable | Disruptive green technology innovation (gti-o) | Number of green invention patents granted (tens of thousands) |
Progressive green technology innovation (gti-p) | Number of green utility model patents granted (tens of thousands) | |
Moderator variable | Government attention (att-g) | The natural logarithm of number of local environmental regulations |
Public attention (att-s) | The natural logarithm of Baidu haze search index | |
Control variables | Degree of marketization (mark) | Marketization index |
Level of foreign investment (fdi) | The natural logarithm of FDI actually utilized | |
Level of industrialization (indus) | Ratio of industrial value added to GDP | |
Financial growth level (fin) | The ratio of total deposits and loans of financial institutions to the GDP | |
Level of economic growth (el) | Natural logarithm of gross domestic product per capita | |
Year | The value of a virtual variable is 1 in a certain year, otherwise 0 | |
Province | The value of a virtual variable that belongs to a certain province is 1, otherwise it is 0 |
Variable | N | Mean | p50 | SD | Min | Max |
---|---|---|---|---|---|---|
ce | 330 | 10.335 | 10.370 | 0.778 | 8.353 | 12.217 |
Dige | 330 | 0.217 | 0.172 | 0.154 | 0.007 | 0.960 |
gti-o | 330 | 0.112 | 0.048 | 0.166 | 0 | 1.001 |
gti-p | 330 | 0.400 | 0.186 | 0.614 | 0 | 4.579 |
att-g | 330 | 4.726 | 4.732 | 0.777 | 2.485 | 6.652 |
att-s | 330 | 0.195 | 0.153 | 0.171 | 0.001 | 1.118 |
fdi | 330 | 0.019 | 0.017 | 0.015 | 0.000 | 0.080 |
mark | 330 | 6.715 | 6.705 | 2.369 | 0.010 | 12.480 |
fin | 330 | 3.276 | 3.051 | 1.150 | 1.518 | 8.131 |
indus | 330 | 0.351 | 0.363 | 0.088 | 0.097 | 0.530 |
el | 330 | 10.866 | 10.833 | 0.459 | 8.531 | 12.122 |
Variable | (1) | (2) | (3) |
---|---|---|---|
Reference Regression | Lag Phase 1 | Lag Phase 2 | |
Dige | −0.904 *** | ||
(0.249) | |||
L.Dige | −0.863 *** | ||
(0.231) | |||
L2.Dige | −1.094 *** | ||
(0.245) | |||
fdi | 0.804 | 0.408 | 0.254 |
(0.756) | (0.709) | (0.646) | |
fin | −0.014 | −0.021 | −0.012 |
(0.023) | (0.021) | (0.017) | |
indus | 0.965 *** | 1.094 *** | 1.076 *** |
(0.218) | (0.198) | (0.170) | |
el | 0.014 | 0.020 | 0.025 |
(0.041) | (0.035) | (0.029) | |
mark | −0.013 | −0.018 | −0.025 * |
(0.014) | (0.014) | (0.013) | |
_cons | 9.845 *** | 9.846 *** | 9.885 *** |
(0.456) | (0.402) | (0.343) | |
FE-YEAR | YES | YES | YES |
FE-PROVINCE | YES | YES | YES |
N | 330 | 300 | 270 |
r2 | 0.224 | 0.241 | 0.310 |
Variable | (1) | (2) | (3) | (4) |
---|---|---|---|---|
Replace the Key Explanatory Variable | Replace the Dependent Variable | Excluding Special Years | Excluding Municipalities Directly under the Central Government | |
DFI | −0.004 *** | |||
(0.001) | ||||
Dige | −3.431 ** | −0.794 *** | −0.790 ** | |
(1.467) | (0.289) | (0.316) | ||
fdi | 0.262 | −9.030 ** | 0.927 | −0.155 |
(0.703) | (4.450) | (0.696) | (0.943) | |
fin | −0.015 | −0.070 | −0.037 | −0.029 |
(0.021) | (0.134) | (0.031) | (0.026) | |
indus | 0.857 *** | −3.039 ** | 0.693 *** | 0.861 *** |
(0.203) | (1.285) | (0.206) | (0.233) | |
el | −0.010 | −0.288 | −0.291 *** | −0.059 |
(0.039) | (0.239) | (0.100) | (0.041) | |
mark | 0.015 | −0.061 | −0.003 | −0.008 |
(0.013) | (0.084) | (0.015) | (0.016) | |
_cons | 11.971 *** | 10.303 *** | 13.963 *** | 11.364 *** |
(0.502) | (0.508) | (1.172) | (0.513) | |
FE-YEAR | YES | YES | YES | YES |
FE-PROVINCE | YES | YES | YES | YES |
N | 330 | 330 | 270 | 286 |
r2 | 0.327 | 0.224 | 0.233 | 0.334 |
Variable | 2sls Instrumental Variable Method | SYS-GMM Model | |
---|---|---|---|
Phase 1 | Phase 2 | ||
Dige | ce | ce | |
IV | 0.049 *** | ||
(0.010) | |||
Dige | −1.858 ** | −0.220 * | |
(0.805) | (0.123) | ||
Controls | YES | YES | YES |
FE-YEAR | YES | YES | YES |
FE-PROVINCE | YES | YES | YES |
N | 330 | 330 | 300 |
Underidentification test | LM statistic = 25.748; p = 0.0000 | ||
Weak identification test | Cragg–Donald Wald F statistic = 26.664 | ||
10% maximal IV size = 16.38 | |||
AR (1) | 0.001 | ||
AR (2) | 0.665 | ||
Hansen | 0.764 |
Variable | Reference Regression | Disruptive Green Technology Innovation | Progressive Green Technology Innovation | ||
---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | |
ce | gti-o | ce | gti-p | ce | |
Dige | −0.904 *** | 0.863 *** | −0.496 ** | 1.850 ** | −0.780 *** |
(0.249) | (0.165) | (0.248) | (0.810) | (0.246) | |
gti-o | −0.474 *** | ||||
(0.085) | |||||
gti-p | −0.067 *** | ||||
(0.018) | |||||
fdi | 0.804 | 0.730 | 1.149 | 2.346 | 0.962 |
(0.756) | (0.500) | (0.722) | (2.455) | (0.740) | |
fin | −0.014 | 0.014 | −0.007 | 0.136 * | −0.005 |
(0.023) | (0.015) | (0.022) | (0.074) | (0.022) | |
indus | 0.965 *** | 0.266 * | 1.091 *** | 0.406 | 0.993 *** |
(0.218) | (0.144) | (0.209) | (0.709) | (0.213) | |
el | 0.014 | 0.072 *** | 0.049 | 0.389 *** | 0.041 |
(0.041) | (0.027) | (0.039) | (0.132) | (0.040) | |
mark | −0.013 | 0.035 *** | 0.003 | 0.148 *** | −0.003 |
(0.014) | (0.009) | (0.014) | (0.046) | (0.014) | |
_cons | 9.845 *** | −1.140 *** | 9.305 *** | −5.491 *** | 9.474 *** |
(0.456) | (0.301) | (0.444) | (1.480) | (0.456) | |
FE-YEAR | YES | YES | YES | YES | YES |
FE-PROVINCE | YES | YES | YES | YES | YES |
N | 330 | 330 | 330 | 330 | 330 |
r2 | 0.224 | 0.470 | 0.300 | 0.432 | 0.261 |
Variable | Threshold Number | Fstat | Prob | Confidence Interval | Threshold Value | ||
---|---|---|---|---|---|---|---|
10% | 5% | 1% | |||||
gti-o | Single | 28.49 | 0.0467 | 24.6388 | 29.6830 | 38.5710 | 0.1520 |
Double | 17.86 | 0.1533 | 20.1671 | 27.3137 | 40.4712 | ||
Triple | 21.69 | 0.3300 | 35.1271 | 39.5965 | 54.1837 |
Variable | Threshold Number | Fstat | Prob | Confidence Interval | Threshold Value | ||
---|---|---|---|---|---|---|---|
10% | 5% | 1% | |||||
gti-p | Single | 24.27 | 0.0700 | 22.0394 | 26.7789 | 34.0766 | 0.3357 |
Double | 14.37 | 0.1500 | 17.4612 | 20.8467 | 26.0678 | ||
Triple | 6.14 | 0.7433 | 19.4920 | 23.0390 | 30.4939 |
Variable | (1) | (2) |
---|---|---|
Disruptive Green Technology Innovation | Progressive Green Technology Innovation | |
0_c | −0.643 *** | −0.709 *** |
(0.246) | (0.244) | |
1_c | −1.254 *** | −1.007 *** |
(0.228) | (0.242) | |
fdi | 0.877 | 0.842 |
(0.729) | (0.730) | |
fin | −0.013 | −0.014 |
(0.022) | (0.022) | |
indus | 0.982 *** | 0.957 *** |
(0.210) | (0.211) | |
el | 0.047 | 0.040 |
(0.040) | (0.040) | |
mark | −0.005 | 0.011 |
(0.014) | (0.015) | |
_cons | 9.429 *** | 9.433 *** |
(0.448) | (0.449) | |
FE-YEAR | YES | YES |
FE-PROVINCE | YES | YES |
N | 330 | 330 |
r2 | 0.282 | 0.279 |
Variable | Reference Regression | Government Attention | Public Attention | ||
---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | |
Dige | −0.904 *** | −1.052 *** | −1.168 *** | −0.906 *** | −0.860 *** |
(0.249) | (0.252) | (0.245) | (0.249) | (0.247) | |
att-g | 0.032 * | 0.030 * | |||
(0.017) | (0.017) | ||||
Dige*att-g | −0.143 ** | ||||
(0.061) | |||||
att-s | 0.024 | 0.004 | |||
(0.029) | (0.029) | ||||
Dige*att-s | −0.146 *** | ||||
(0.053) | |||||
fdi | 0.804 | 0.780 | 0.927 | 0.789 | 0.740 |
(0.756) | (0.755) | (0.760) | (0.756) | (0.748) | |
fin | −0.014 | −0.021 | −0.020 | −0.014 | −0.007 |
(0.023) | (0.023) | (0.023) | (0.023) | (0.023) | |
indus | 0.965 *** | 0.965 *** | 0.974 *** | 0.982 *** | 1.008 *** |
(0.218) | (0.218) | (0.218) | (0.219) | (0.217) | |
el | 0.014 | 0.015 | 0.028 | 0.013 | 0.044 |
(0.041) | (0.041) | (0.041) | (0.041) | (0.042) | |
mark | −0.013 | −0.013 | −0.014 | −0.012 | −0.011 |
(0.014) | (0.014) | (0.014) | (0.014) | (0.014) | |
_cons | 9.845 *** | 9.769 *** | 9.638 *** | 9.753 *** | 9.496 *** |
(0.456) | (0.459) | (0.466) | (0.468) | (0.472) | |
FE-YEAR | YES | YES | YES | YES | YES |
FE-PROVINCE | YES | YES | YES | YES | YES |
N | 330 | 330 | 330 | 330 | 330 |
r2 | 0.224 | 0.228 | 0.235 | 0.226 | 0.246 |
Variable | (1) | (2) |
---|---|---|
Low Level of Foreign Investment | High Level of Foreign Investment | |
Dige | −0.710 | −0.974 *** |
(0.543) | (0.184) | |
fdi | 1.895 | −0.516 |
(1.640) | (0.676) | |
mark | 0.064 * | 0.041 *** |
(0.034) | (0.013) | |
fin | −0.041 | 0.072 *** |
(0.039) | (0.027) | |
indus | 0.815 ** | 0.662 *** |
(0.347) | (0.189) | |
el | −0.046 | 0.280 *** |
(0.050) | (0.093) | |
_cons | 10.310 *** | 6.698 *** |
(0.579) | (1.077) | |
FE-YEAR | YES | YES |
FE-PROVINCE | YES | YES |
N | 165 | 165 |
r2 | 0.392 | 0.324 |
Variable | (1) | (2) |
---|---|---|
Low Tech-Trading Activity | High Tech-Trading Activity | |
Dige | −1.173 ** | −0.321 * |
(0.474) | (0.182) | |
fdi | 0.768 | −0.175 |
(1.551) | (0.596) | |
mark | 0.026 | 0.036 *** |
(0.022) | (0.013) | |
fin | 0.120 ** | 0.076 *** |
(0.055) | (0.026) | |
indus | 0.727 ** | 0.451 *** |
(0.341) | (0.163) | |
el | −0.093 * | 0.251 *** |
(0.051) | (0.093) | |
_cons | 10.784 *** | 6.956 *** |
(0.620) | (1.055) | |
FE-YEAR | YES | YES |
FE-PROVINCE | YES | YES |
N | 165 | 165 |
r2 | 0.529 | 0.375 |
Variable | (1) | (2) | (3) | (4) |
---|---|---|---|---|
Eastern | Central | Western | Northeast | |
Dige | −1.135 *** | −0.094 | −1.526 ** | −1.677 |
(0.223) | (1.160) | (0.659) | (1.501) | |
indus | −0.142 | 0.766 | 1.811 *** | 0.048 |
(0.292) | (0.573) | (0.466) | (0.343) | |
fin | −0.024 | 0.010 | −0.022 | −0.375 *** |
(0.032) | (0.124) | (0.061) | (0.122) | |
fdi | 0.694 | 1.169 | 7.816 ** | −1.595 |
(0.824) | (3.342) | (3.852) | (0.912) | |
el | 0.117 | −0.321 | −0.079 | −1.258 ** |
(0.129) | (0.217) | (0.055) | (0.455) | |
mark | 0.023 | −0.048 | 0.031 | −0.014 |
(0.018) | (0.035) | (0.038) | (0.037) | |
_cons | 9.240 *** | 13.884 *** | 10.035 *** | 24.986 *** |
(1.478) | (2.193) | (0.633) | (4.997) | |
FE-YEAR | YES | YES | YES | YES |
FE-PROVINCE | YES | YES | YES | YES |
N | 121 | 77 | 99 | 33 |
r2 | 0.526 | 0.620 | 0.424 | 0.862 |
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Zhang, Y.; Liu, X.; Yang, J. Digital Economy, Green Dual Innovation and Carbon Emissions. Sustainability 2024 , 16 , 7291. https://doi.org/10.3390/su16177291
Zhang Y, Liu X, Yang J. Digital Economy, Green Dual Innovation and Carbon Emissions. Sustainability . 2024; 16(17):7291. https://doi.org/10.3390/su16177291
Zhang, Yu, Xiaomeng Liu, and Jiaoping Yang. 2024. "Digital Economy, Green Dual Innovation and Carbon Emissions" Sustainability 16, no. 17: 7291. https://doi.org/10.3390/su16177291
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Economics JIW - Tips for Choosing a Topic: Home
Choosing a topic.
Choosing a topic that can answer an economic research question is challenging. Some tips:
- Ripped from the headlines rarely makes a good economic paper. You will be using data to determine causation or correlation. Sometimes a similar event can be used. Topics such as artificial intelligence may make a good policy paper but not a good economic one due to lack of data.
- Literature Review: Your JIW should use primarily scholarly sources. Start with Econlit (the database of the American Economic Association). Econlit indexes major journals, working papers, conference proceedings, dissertations, and chapters in critical books. It takes a long time for scholarly literature to appear. Preprints are called working papers in economics and major ones are indexed in Econlit. Y ou are your own research team and have limited time. Many articles are written over a couple of years and involve many people gathering and cleaning the data. Some starting places: see https://libguides.princeton.edu/econliterature/gettingstarted
- Outside of finance and some macroeconomic data, most data will not have many points in time. Data determines the methods used . While a linear regression can be great for time series data, it is likely not what you will use for survey data.
- Longitudinal or panel study : same group of individuals is interviewed at intervals over a period of time. This can be very useful to observe changes over time. Keep in mind when using a long running longitudinal dataset that the panel generally is not adding new participants so may not reflect today’s demographics.
- Cross-sectional study : data from particular subjects are obtained only once. While you are studying different individuals each time, you are looking at individuals with similar demographic characteristics. Demography is typically rebalanced to reflect the population.
- Summary statistics : aggregated counts of survey or administrative data.
- Typically around a 2 year time lag from the time the survey data is collected to the time of release. The Economic Census and Census of Agriculture take about 4 years for all data to be released. Many surveys never release the microdata.
- Very little subnational data is available and is often restricted when available. State level macro data for the United States is more prevalent. City level data is often a case study or only available for very large cities.
- Many micro-level datasets are restricted. It is not uncommon to wait a year before getting permission or denial to use the data. Each organization has its own rules.
- Historical data in electronic format prior to 1950 is rare. Most governmental links provide current data only.
- What is measured changes over time . Do not assume modern concepts were tracked in the past. Definitions of indicators often change over time.
- Data cannot be made more frequent. Many items are collected annually or even once a decade. Major macroeconomic indicators such as GDP tend to be quarterly but some countries may only estimate annually.
- What exists for one country may not exist for another country. Data is generally inconsistent across borders .
- Documentation is typically in the native language .
- Always look at the methodology. The methodology section is one of the most important parts of the paper. Someone should be able to replicate your work. Describe the dataset and its population. Describe how the data was subset, any filters used, and any adjustment methods. While you are likely not trying to publish in American Economic Review or Journal of Finance , these are the gold standards. See how they layout the articles and in particular the methodology and data sections.
- The basic question to ask when looking for economic data is " who cares about what i am studying ?" Unfortunately, the answer may be no one. Ideally, look for an organization that is concerned with your research as part of its mission. Examples include the International Labor Organization or the Bureau of Labor Statistics focusing on labor research; the International Monetary Fund or the Board of Governors of the Federal Reserve System focusing on monetary and fiscal concerns; the World Bank focusing on development; and the World Health Organization focusing on health. This does not mean these organizations collect data on all topics related to that field.
- Find a topic for which there is literature and data but allows room to add a contribution. Topics such as sports and music are popular due to personal interests but may not make good research topics due to lack of data and overuse.
More tips:
- Data is typically not adjusted for inflation. It is usually presented in current (nominal) currency. This means the numbers as they originally appeared. When data has been adjusted for inflation (constant or real), a base year such as 2020 or 1990 will be shown. If a base year is not provided, then data is current and therefore not adjusted for inflation. If given a choice, choose current dollars. Data is often derived from different datasets and many will use different base years. Adjust everything at the end. It is easier than doing reverse math!
- While most datasets are consistent within the dataset for currency used such as all in US Dollars or Euro or Japanese Yen or each item in local currency, some will mix and match. LCU is a common abbreviation meaning local currency units. Consider looking at percent changes rather than actual values. If adjusting use the exchange rate for each period of time, not the latest one.
- Economic indicators may be either seasonally adjusted or not seasonally adjusted. This is very common for employment and retail sales. Unless something says it is seasonally adjusted, it is not. Be consistent and note in methodology.
Librarians are here to help! Librarians can help to devise a feasible topic, assist with the literature search, and choose appropriate data. Your data may fall into multiple categories. Think of the primary aspect of your topic in terms of first contact. Do not email librarians individually. If unsure who to contact either put all that apply on same email or email just one. If that person is not the best, they will refer you.
Bobray Bordelon Economics, Finance, & Data Librarian [email protected]
Charissa Jefferson
Labor Librarian [email protected]
Mary Carter Finance and Operations Research Librarian [email protected]
Data workshops
- Environmental and energy data (Bordelon), 9/23/2024 - 7:30-8:50 pm
- Health, Crime and other Socioeconomic Data (Bordelon), 9/23/2024 and 10/02/2024 - 3-4:20 pm
- Macroeconomics and trade data (Bordelon), 9/25/2024 and 9/30/2024 - 3-4:20 pm
- Finance data (Carter), 9/23/2024 and 9/25/2024 - 3-4:20 pm
- Labor and education data (Jefferson), 9/23/2024 and 9/25/2024 - 3-4:20 pm
Workshops listed twice have the same content and are done as an opportunity to fit your schedule. While you must attend at least one data workshop, it is wise to attend more than one. If in a certificate program, with the exception of political economy which has to be incorporated into your JIW, other programs have different requirements which are typically for your senior year. As an example, if in finance, if you choose not to explore a finance topic this year you will still need to incorporate in your senior theses so try and attend a finance workshop in addition to your topical workshop for your JIW since these are intended to help you for your time at Princeton and both the JIW but also the senior thesis.
- Last Updated: Aug 28, 2024 9:32 AM
- URL: https://libguides.princeton.edu/ECOJIWTopics
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