Journal of Economics and Public Finance
type: channel
description: Journal of Economics and Public Finance (JEPF) is an international open-access journal published by Scholink. The aim of JEPF is to provide a platform for academics and practitioners all over the world to share latest advancements in different areas of economics and finance. We would welcome scholars and researchers engaging in the related field to submit your manuscripts to JEPF. Both of online submission and E-mail submission (jepf@scholink.org) are acceptable. JEPF is dedicated to publishing high quality theoretical and empirical manuscripts studies in the field of economics and finance, which covers, but is not limited to the following areas: International Economics Economic Growth Public Finance Corporate Finance Economic Indicators Economic Policies Industrial Economics Financial Contracts Financial Engineering Financial Institutions Financial Management Financial Markets Index/List Academic Journal Articles Bielefeld Academic Search Engine (BASE) CiteFactor CNKI Scholar CrossRef Directory of Research Journals Indexing (DRJI) EconBid EconPapers Electronic Journals Library (EZB) Globethics.net IDEAS Journalseek JournalTOCs OCLC- WorldCat Open J-Gate Publons Refseek Academic Search Engine ResearchBib Scientific Indexing Service (SIS) The Scientific Literature Database (Scilit) Standard Periodical Directory WZB Library Open access: Journal of Economics and Public Finance is available online to the reader "without financial, legal, or technical barriers other than those inseparable from gaining access to the internet itself." Peer review: Journal of Economics and Public Finance takes peer review policy. Peer review is the evaluation of work by one or more people of similar competence to the producers of the work (peers). <img src="[binary]" alt="" width="373" height="478" />
publisher: SCHOLINK INC.
language: en-US
publication name: Journal of Economics and Public Finance
issn: 2377-1038
copyright: Authors who publish with this journal must agree to the following terms: Copyrights for articles published in our are retained by the authors. Authors should promise that their works are entirely original, and all the references in their works should be appropriately cited or quoted. The works have not been published previously. The behavior of submitting the same work to other journals is unacceptable. The journal editor has the right to edit the format of works.
items: Innovation Ecosystem Resilience and Corporate Innovation Investment: Evidence from China's Specialized, Refined, Differential, and Innovative Enterprises
items: Co-movement and Risk Spillover Effects between CSI 300 Stock Index Futures and Spot Markets
items: The Effect of Real Exchange Rate on Current Account
items: Research on the Impact of RMB Exchange Rate Fluctuations on China's Textile Exports
items: Research on the Impact of Green Credit Policy on Corporate Financing
items: Innovation Mechanism and Development Optimization Path of the Integration and Synergy between Digital Economy and E-commerce
items: Quantile-based Nonlinear Impact of Artificial Intelligence and Economic Policy Uncertainty on Education and Training Market in China
items: Digital-Intelligent Pension Finance Empowering the Silver Economy: Theories, Practices, and Pathways
items: The Impact of Urban Shrinkage on Public Service Provision
items: Evolution Logic and Governance Path of Vulnerability in Return-to-Hometown E-commerce Entrepreneurship: Evidence from Coastal Sub-center Cities in Guangdong

Innovation Ecosystem Resilience and Corporate Innovation Investment: Evidence from China's Specialized, Refined, Differential, and Innovative Enterprises
type: item
description: China's Specialized, Refined, Differential, and Innovative (SRDI) enterprises are the core force for industrial transformation and upgrading, as well as for breakthroughs in key core technologies. Innovation investment is a crucial support for cultivating their core competitiveness and achieving high-quality development. However, these enterprises face challenges such as constraints on innovation resources and an uncertain external environment, requiring coordinated internal and external empowerment. The resilience of the innovation ecosystem provides external support, while digital transformation connects internal and external resources; the mechanism through which these factors influence enterprise innovation investment urgently needs to be explored. This paper takes SRDI enterprises listed on the Shanghai, Shenzhen, and Beijing Stock Exchanges from 2013 to 2024 as samples to investigate the impact of innovation ecosystem resilience, analyze the differentiated effects of its three dimensions, and test the mediating role of digital transformation. The study uses entropy method and text analysis to quantify indicators and conducts heterogeneity analysis. Empirical results show that both innovation ecosystem resilience and its three dimensions positively promote innovation investment, with the resistance effect being the most prominent; digital transformation plays a mediating role; this impact is more significant in large-scale, non-state-owned, technology- and capital-intensive enterprises, and non-manufacturing enterprises benefit slightly more than manufacturing enterprises.
creator: Qingxin Li
rights: Copyright (c) 2026 Qingxin Li http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-04-23
publication date: 2026-04-23
volume: 12
number: 2
starting page: 1
doi: 10.22158/jepf.v12n2p1

Co-movement and Risk Spillover Effects between CSI 300 Stock Index Futures and Spot Markets
type: item
description: The binary investment behavior of retail and institutional investors may lead to structural differences in the risk transmission between the futures and spot markets in China's capital market. This paper decomposes the heterogeneity of volatility spillovers between futures and spot markets: (1) There is a distinct binary effect in risk spillovers: the short-term (1-5 days) spillover is the strongest, showing a "net input" pattern driven by individual investor sentiment from the spot market to the futures market; in the long-term (more than 20 days), it reverses to a "net output" pattern dominated by institutional investors from the futures market to the spot market. (2) Major crisis shocks will trigger "full-frequency resonance", which simultaneously intensifies short-term emotional contagion and long-term risk pricing, significantly increasing the complexity of systemic risks. (3) The futures market plays the role of a "pricing anchor" and "net outputter" of systemic risks in the long run. This study reveals the micro-mechanism of risk contagion under China's specific investor structure, and provides theoretical basis and empirical evidence based on the dual dimensions of "behavior-frequency" for the implementation of differentiated and precise macro-prudential supervision.
creator: Xiaoyi Ji
creator: Xinyi Zhang
creator: Nianguo Mu
rights: Copyright (c) 2026 Xiaoyi Ji, Xinyi Zhang, Nianguo Mu http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-04-25
publication date: 2026-04-25
volume: 12
number: 2
starting page: 26
doi: 10.22158/jepf.v12n2p26

The Effect of Real Exchange Rate on Current Account
type: item
description: This research studies the impact of real Gross Domestic Production (GDP) and real exchange rate on the Current Account position in Jordan, during the quarterly periods from 2008 to 2022. The study reviews the literature on the theoretical framework around the impact of real GDP and fluctuations of the real exchange rate on the current account status. This study describes the performance of the current account during the study period and applies the appropriate econometric tests to an economic model. The main results show a significant, positive effect of real GDP growth in improving the status and sustainability of the current account; output growth indicates an increase in production leading to higher levels of exports and lower levels of imports. The results did not show a significant effect of the real exchange rate on the current account position, which is largely attributed to the stabilization policy of exchange rate pursued by the Central Bank of Jordan since October 1995.
creator: Moaned Talib Al-Hamdi
creator: Mahmood Alshammari
creator: Mohammad Alawin
rights: Copyright (c) 2026 Moaned Talib Al-Hamdi, Mahmood Alshammari, Mohammad Alawin http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-05-07
publication date: 2026-05-07
volume: 12
number: 2
starting page: 42
doi: 10.22158/jepf.v12n2p42

Research on the Impact of RMB Exchange Rate Fluctuations on China's Textile Exports
type: item
description: In recent years, following the exchange rate reform of July 2005, the renminbi’s exposure to exchange rate risk against the US dollar has expanded significantly, profoundly affecting the Chinese economy. Existing work on exchange rate shocks has tended to operate at the aggregate level, leaving the more granular risks—those bearing on industrial structure and employment—underexplored. This gap motivates the present study, which narrows its focus to the textile export sector. By combining theoretical modeling with empirical analysis, the paper seeks to quantify how exchange rate risk differentially affects the operational performance of firms in this industry. The results indicate that exchange rate fluctuations have materially heightened uncertainty within the sector, with tangible implications for both day-to-day business decisions and longer-term strategic planning. In response, the paper argues for a coordinated approach spanning four dimensions: strengthening risk management at the firm level, improving macro-level industrial planning, deploying targeted government policy support, and leveraging the advisory and service functions of industry associations. The underlying premise is that only by aligning efforts across these dimensions can the textile industry build genuine resilience to exchange rate risks—and, by extension, sustain the stable growth of foreign trade.
creator: Wei Xue
rights: Copyright (c) 2026 Wei Xue http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-05-09
publication date: 2026-05-09
volume: 12
number: 2
starting page: 49
doi: 10.22158/jepf.v12n2p49

Research on the Impact of Green Credit Policy on Corporate Financing
type: item
description: Against the macro backdrop of global sustainable development and climate change response, green credit serves as a crucial policy tool to guide financial resources toward environmental improvement and climate action, making its policy effects and implementation mechanisms a core research topic. This paper systematically and profoundly analyzes how green credit policies influence corporate green financing behaviors, with a focus on exploring their multi-dimensional transmission mechanisms, differentiated implementation effects, and structural dilemmas in practical application. The research finds that green credit policies function mainly through an integrated three-pronged mechanism of "regulatory constraints, market incentives, and signal transmission", guiding financial institutions to adjust the allocation of credit resources and thereby affecting enterprises' financing accessibility, financing costs and financing structure. The policies generate a notable "financing empowerment" effect on state-owned enterprises, large-scale enterprises and enterprises leading in green technology, yet they suffer from insufficient incentives and identification difficulties for a large number of private small and medium-sized enterprises and enterprises undergoing transformation in traditional industries, resulting in significant heterogeneity in policy outcomes. Deep-seated problems stem from bottlenecks in multiple aspects including standard systems, risk pricing, information infrastructure and capacity building. Accordingly, this paper proposes that future policy optimization should adopt coordinated efforts in establishing a unified and dynamic standard system, strengthening market-oriented incentives centered on carbon pricing, consolidating the foundation of environmental information disclosure, developing targeted transition financial instruments, and promoting technological empowerment. These measures aim to enhance the accuracy, effectiveness and inclusiveness of policies…
creator: Yifei Xu
rights: Copyright (c) 2026 Yifei Xu http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-05-14
publication date: 2026-05-14
volume: 12
number: 2
starting page: 60
doi: 10.22158/jepf.v12n2p60

Innovation Mechanism and Development Optimization Path of the Integration and Synergy between Digital Economy and E-commerce
type: item
description: The in-depth integration and synergy between the digital economy and e-commerce serves as the core pathway for digital technologies to empower the real economy, reshape the circulation system, and stimulate market vitality, as well as a key grip for promoting high-quality economic development. Supported by the industrial convergence theory, transaction cost theory, innovation diffusion theory, and data factor theory, this paper constructs an integrated analytical framework of "technology empowerment–scenario expansion–ecological synergy–governance guarantee". It systematically explains the internal logic and innovation mechanism of the integration and synergy between the digital economy and e-commerce. Combined with authoritative statistical data and industry practices from 2024 to 2025, this paper sorts out the practical effects of integrated development from the dimensions of technology application, scenario expansion, infrastructure, cross-border trade, and digital transformation of small and medium-sized entities, and deeply analyzes the practical obstacles such as unbalanced layout of digital infrastructure, blocked digital transformation of small and medium-sized enterprises, prominent cross-border compliance risks, hidden dangers of data security, inadequate supervision adaptation, and lagging green development. On this basis, it puts forward a systematic optimization path from six dimensions: balanced layout of infrastructure, all-round empowerment of small and medium-sized enterprises, risk prevention and control of cross-border e-commerce, construction of data security system, innovation of supervision mechanism, and green and low-carbon transformation, so as to provide theoretical reference and practical support for promoting the in-depth integration, collaborative innovation, and high-quality development of the digital economy and e-commerce.
creator: Xiang Zhou
rights: Copyright (c) 2026 Xiang Zhou http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-05-14
publication date: 2026-05-14
volume: 12
number: 2
starting page: 71
doi: 10.22158/jepf.v12n2p71

Quantile-based Nonlinear Impact of Artificial Intelligence and Economic Policy Uncertainty on Education and Training Market in China
type: item
description: In recent years, with the rapid development of artificial intelligence (AI) technology and the intensification of global economic policy uncertainty (EPU), China's education and training market (ETM) is facing unprecedented challenges and opportunities. This paper analyzed the quantile-based nonlinear impact of AI and EPU on ETM in China, and the results are as follows: 1. The nonparametric quantile causality test shows that there is a unidirectional causal relationship between AI and EPU, AI and ETM, as well as EPU and ETM; 2. The cross-quantilogram indicates that there is a quantile dependence among the three: the positive predictive effect of AI on ETM is mainly concentrated in bullish markets, the negative predictive effect of EPU on ETM is mainly concentrated in periods of policy stability, and there is an interaction between AI and EPU (AI promotes EPU in bullish markets, while EPU promotes AI during periods of economic stability); 3. The GARCH-Conditional quantile regression- model reveals the asymmetry of risk spillovers—the intensity of upside risk spillovers is far greater than that of downside ones. The risk spillover from AI to ETM is characterized by high volatility and strong extremeness, while the impact of EPU is relatively moderate but more persistent. The results suggested that policy makers, education and training organizations should comprehensively consider AI and EPU to cope with market uncertainty and ensure the stability and sustainability of ETM in China.
creator: Liyao Cui
rights: Copyright (c) 2026 Liyao Cui http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-05-25
publication date: 2026-05-25
volume: 12
number: 2
starting page: 82
doi: 10.22158/jepf.v12n2p82

Digital-Intelligent Pension Finance Empowering the Silver Economy: Theories, Practices, and Pathways
type: item
description: Despite the growing population, the silver economy market continues to increase, and the market still suffers from regional imbalance, supply-demand mismatches, and structural issues in the three-pillar pension system. Based on active aging, financial development, and synergy, this paper develops a “Technological Empowerment - Scenario Integration -- Policy Synergy” framework to analyze the fundamental mechanisms and pathways through which digital-intelligent pension finance can drive silver economy. The results show that Digital intelligence, by three-dimensional interaction of technology-enabled, scenario-enabled and policy-enabled cooperation, enables efficient resource allocation of pension finance and restores service ecosystem. Specifically, digital intelligence utilizes technologies such as big data and blockchain to improve the precision and efficiency of pension finance; scenario integration fosters a "finance+health-wellness" ecosystem; and policy synergy leverages regulatory sandboxes and data sharing to dismantle institutional barriers. Based on these insights, this paper proposes measures including strengthening age-friendly technological innovation, optimizing incentives for the third pension pillar, and establishing cross-sectoral ecosystem alliances. These initiatives aim to facilitate the transition of the silver economy from a "security-oriented" to a "development-oriented" model, providing pathways for aging governance.
creator: Feng Tan
rights: Copyright (c) 2026 Feng Tan http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-05-25
publication date: 2026-05-25
volume: 12
number: 2
starting page: 113
doi: 10.22158/jepf.v12n2p113

The Impact of Urban Shrinkage on Public Service Provision
type: item
description: Against the backdrop of continuously declining global fertility rates and slowing population growth, urban shrinkage has become a significant trend in regional development, exerting profound impacts on the supply of public services, particularly in small and medium-sized cities and resource-based cities in China. Focusing on the impact of urban shrinkage on public service provision, this study constructs two-way fixed-effects models and mediation models for empirical testing based on panel data from 283 prefecture-level cities in China from 2011 to 2023. The findings reveal that: (1) urban shrinkage significantly suppresses the level of public service provision; (2) fiscal pressure plays a partial mediating role, meaning that urban shrinkage indirectly leads to reduced public service provision by intensifying local fiscal pressure; (3) heterogeneity analysis indicates that this negative effect is more pronounced in the central region, non-urban agglomeration areas, and non-resource-based cities. The study suggests that urban shrinkage should be viewed rationally, promoting "smart shrinkage" and refined governance, optimizing the structure of public service provision and fiscal expenditure efficiency, thereby enhancing urban resilience and residents' well-being. This research provides theoretical foundations and policy implications for the governance of public services in shrinking cities under the context of negative population growth.
creator: Lu Fan
creator: Jiayi Wang
rights: Copyright (c) 2026 Lu Fan, Jiayi Wang http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-05-28
publication date: 2026-05-28
volume: 12
number: 2
starting page: 132
doi: 10.22158/jepf.v12n2p132

Evolution Logic and Governance Path of Vulnerability in Return-to-Hometown E-commerce Entrepreneurship: Evidence from Coastal Sub-center Cities in Guangdong
type: item
description: With the deep integration of the "Digital Commerce for Agriculture" strategy and the Rural Revitalization strategy, return-to-hometown e-commerce entrepreneurship has become a core pathway for achieving human capital return and enhancing the quality and efficiency of the county economy in underdeveloped coastal areas of Guangdong. Shantou and Zhanjiang, as coastal sub-center cities in Guangdong, serve as core agglomeration hubs for return-to-hometown e-commerce entrepreneurship in eastern and western Guangdong, yet their entrepreneurial entities generally face vulnerability issues such as small scale, weak risk resilience, and short life cycles. Drawing on vulnerability theory, entrepreneurial process theory, and social capital theory, this paper constructs a "micro-meso-macro" three-dimensional analytical framework for the vulnerability of return-to-hometown e-commerce entrepreneurship. Based on enterprise information from the Aiqicha platform, we collected micro-level data of 1,742 e-commerce enterprises in Shantou and Zhanjiang, systematically analyzed the connotation, dimensions, and evolution logic of return-to-hometown e-commerce entrepreneurship vulnerability, empirically examined the current status and heterogeneity characteristics of entrepreneurial vulnerability in both cities, and ultimately proposed targeted governance pathways from three dimensions: subject empowerment, ecosystem optimization, and policy coordination. The research conclusions can provide theoretical references and empirical evidence for improving the support system for return-to-hometown digital entrepreneurship in underdeveloped coastal areas of Guangdong.
creator: Yu Fan
creator: Shuqing Liang
rights: Copyright (c) 2026 Yu Fan, Shuqing Liang http://creativecommons.org/licenses/by/4.0
license: http://creativecommons.org/licenses/by/4.0
date: 2026-06-14
publication date: 2026-06-14
volume: 12
number: 2
starting page: 151
doi: 10.22158/jepf.v12n2p151