The nonlinear effects of population aging, industrial structure, and urbanization on carbon emissions: A panel threshold regression analysis of 137 countries

2021 ◽  
Vol 287 ◽  
pp. 125381
Author(s):  
Qiang Wang ◽  
Lili Wang
2021 ◽  
Vol 118 (4) ◽  
pp. 981-994
Author(s):  
Weifeng Gong ◽  
Baoqing Zhu ◽  
Chuanhui Wang ◽  
Zhenyue Fan ◽  
Mengzhen Zhao ◽  
...  

2019 ◽  
Vol 11 (2) ◽  
pp. 371 ◽  
Author(s):  
Jun Zhang ◽  
Li Cheng

To examine whether tourism can effectively stimulate economic growth following a disaster shock, we apply a panel threshold regression technique to test the threshold effect of tourism development on economic growth of the 36 Wenchuan earthquake-affected counties in 2008–2016. The empirical results using the panel fixed-effects model show that tourism significantly contributes to economic growth, supporting the validity of the tourism-led growth hypothesis (TLGH) for the disaster-affected destinations. The results of the panel threshold regression model also indicate a threshold effect of tourism development on economic growth, implying that counties with different conditions of tourism specialization and industrial structure experience different impacts on the tourism-growth nexus. Specifically, the estimated coefficients of tourism on economic growth decrease with the levels of tourism specialization and industrial structure exceeding the threshold value. Based on the Tourism Area Life Cycle theory (TALC), we further divide the 36 disaster-stricken counties into six types based on the evolution of tourism specialization: Exploration-stage type, involvement-stage type, transition-stage type, development-stage type, consolidation-stage type, and stagnation-stage type. The empirical findings and managerial implications discussed are generally applicable to policymakers seeking new ways to invigorate the economy in other disaster-affected destinations.


2008 ◽  
Vol 5 (4) ◽  
pp. 119-127 ◽  
Author(s):  
Feng-Li Lin ◽  
Tsangyao Chang

Two agency theories have dominated the corporate ownership debate, the convergence of interest and the entrenchment hypothesis. Following the work of Ang et al. (2000) and Sing and Davidson (2003) to a panel of 266 Taiwanese listed companies for the 1996-2006 period, we adopt an advanced panel threshold regression model to determine whether managerial ownership reduces agency costs. We find when managerial ownership is less than 36.55% or greater than 59.06%, consistent with the entrenchment hypothesis, a 1% increase in the managerial ownership decreases asset utilization efficiency by 0.32% and 0.5%, respectively. However, managerial ownership is between 51.35% and 59.06%, consistent with the convergence of interest hypothesis, a 1% increase in the managerial ownership increases asset utilization efficiency by 0.21%


Sign in / Sign up

Export Citation Format

Share Document