Economic change and restructuring 

About: Economic change and restructuring is an academic journal published by Springer Science+Business Media. The journal publishes majorly in the area(s): Computer science & Biology. It has an ISSN identifier of 1573-9414. Over the lifetime, 159 publications have been published receiving 360 citations.

How are FDI and green recovery related in Southeast Asian economies?

Abstract: This study is to examine how FDI and green economic growth are related in Southeast Asian economies. It also attempts to find out the role of fiscal policy development in the relationship between FDI and green growth in the economies of the region. For this purpose, a dynamic panel threshold model is used for the data over the period 2000–2018. The main results show that FDI has a positive impact on the progress of green growth in these economies, with a stronger impact in the group of Southeast Asian economies with high fiscal development. This result confirms the pollution halo hypothesis, which states that FDI can promote green growth in a country. Aligning economic priorities to improve green fiscal policies, reforming fiscal integration programs, planning for green job creation, and implementing policies to attract FDI are recommended as important policy implications over the COVID-19 period.

Evaluating economic recovery by measuring the COVID-19 spillover impact on business practices: evidence from Asian markets intermediaries

Abstract: The COVID-19 outbreak significantly affected the global economy and energy markets. To mitigate the shock, maintain financial market stability, and encourage economic recovery, this study investigates the influence of post-COVID-19 on monetary policy transmission to business practices and financial market indicators for green economic recovery. We utilised 37 Asian markets’ panel data from 1 January 2020, through 30 December 2020. The empirical findings demonstrate that the pandemic’s emergence impeded monetary policy transmission, business practices, and financial markets. Our empirical contribution is to examine the size, sectoral allocation, and implementation options of three leading countries’ (China, Japan, and Thailand) green recovery spending plans, which range significantly. However, this effect mainly affects the medium-and-long-term effects, and short-term spillover effects are primarily unaffected by Asian monetary policy uncertainty. Our findings have significant implications for green economic recovery among market players and regulators in the Asian market.

Role of the e-exhibition industry in the green growth of businesses and recovery

Abstract: In this paper, a survey and two multi-attribute decision-making (MADM) models have been employed to explore critical success factors of e-exhibition in 30 Chinese provinces that is divided into 8 different regions. The research findings showed that in China, the most important success factors of e-exhibition to have green economic recovery are the presence of International collaboration (0.592), green culture (0.490), and visitor’s attitude (0.439). Furthermore, “Beijing and Tianjin” is the most ideal region to promote e-exhibition in China. South Coast region ranked in second place as the most appropriate region for e-exhibition. The least ideal region of China for e-exhibition is the Southwest region that is less developed compared to other regions of China. The major practical policies are the enhancement of international cooperation to hold an e-exhibition, use of electronic exhibition capacities (synchronous and asynchronous) and creating social sustainability awareness through the media and social network.

The role of green finance in eradicating energy poverty: ways to realize green economic recovery in the post-COVID-19 era

Abstract: Realizing green economic recovery and eradicating energy poverty have become China’s strategic priorities in the post-COVID-19 era. In the context of the active advocacy of green finance, to empirically investigate whether green finance can help eradicate energy poverty, this study utilizes provincial sample data to explore the energy poverty eradication effect of green finance. Our study also examines the regional heterogeneity and mediating effect. The main findings are as follows: (1) Green finance is a powerful weapon to alleviate China’s energy poverty and accelerate green economic recovery, indicating that the green evolution of financial institutions is effective means to facilitate green economic recovery in the post-COVID-19 era; (2) green finance only eradicates energy poverty in low energy poverty regions and the eastern areas, and green finance can alleviate energy poverty in both high and low green finance areas; and (3) improved green finance not only directly eradicates China’s energy poverty, but also alleviates current energy poverty by accelerating technical innovation and optimizing the industrial structure. Following the above main findings, this study advances a series of policy implications in terms of facilitating the green transition of the financial industry and realizing green economic recovery.