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Awareness campaign to improve hygiene practices: Evidence from a randomized controlled trial in the tribal areas of Pakistan 提高卫生习惯的意识运动:来自巴基斯坦部落地区随机对照试验的证据
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-17 DOI: 10.1016/j.econlet.2023.111413
Musharraf R. Cyan , M. Taha Kasim
{"title":"Awareness campaign to improve hygiene practices: Evidence from a randomized controlled trial in the tribal areas of Pakistan","authors":"Musharraf R. Cyan ,&nbsp;M. Taha Kasim","doi":"10.1016/j.econlet.2023.111413","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111413","url":null,"abstract":"<div><p>In a recent survey, it was determined that less than 15% of the population in the north-western tribal areas of Pakistan purify water prior to consumption. This is worrisome as most water sources in this region are unsuitable for drinking due to bacterial contamination, seepage of chemicals from agricultural practices and deposition of human waste into water bodies. To promote health-preserving behaviors, an awareness campaign was carried out in the region with the central theme being water purification. The results indicate that water purification, on average, increased by 11 percentage points for the treated group relative to the control group. Given the success of this low-cost intervention, promotion of sanitation and hygiene practices via informational campaigns should be considered a tool to enhance health literacy.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111413"},"PeriodicalIF":2.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49717013","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Clustered bids in first-price auctions: Collusion or competition? 首价拍卖中的集中竞价:共谋还是竞争?
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-17 DOI: 10.1016/j.econlet.2023.111393
Adriano De Leverano
{"title":"Clustered bids in first-price auctions: Collusion or competition?","authors":"Adriano De Leverano","doi":"10.1016/j.econlet.2023.111393","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111393","url":null,"abstract":"<div><p>Clustering of the two most competitive bids in first-price auctions can be indicative of collusive behavior. However, it can also reflect non-cooperative strategies under complete information. I propose a simple procedure to distinguish between the two observationally equivalent explanations. This method requires the knowledge of winning bids and the determinants of the bid of the second most competitive bidder.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111393"},"PeriodicalIF":2.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49735066","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Urban consumption dissimilarities and subjective wellbeing: Evidence from mobile big data in China 城市消费差异与主观幸福感:来自中国移动大数据的证据
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-17 DOI: 10.1016/j.econlet.2023.111412
Lanyue Hu, Wei Shi
{"title":"Urban consumption dissimilarities and subjective wellbeing: Evidence from mobile big data in China","authors":"Lanyue Hu,&nbsp;Wei Shi","doi":"10.1016/j.econlet.2023.111412","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111412","url":null,"abstract":"<div><p>The inequality and spatial unevenness in the distribution of economic resources can both significantly impact individual wellbeing. Data on residents’ income at a fine spatial scale are often not available in developing countries. In this study, we utilize a novel dataset derived from mobile big data with high spatial resolutions to estimate residents’ income at the district level in China. By combining this measure of consumption dissimilarity with household survey data, our findings reveal that even after controlling for overall levels of inequality, the concentration of high-spending households within a district has a negative effect on residents’ life satisfaction while the concentration of low-spending households has an opposite effect. These results contribute to the emerging research on understanding the spatial dimensions of economic inequalities.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111412"},"PeriodicalIF":2.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49734550","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Is central bank news good news for loan interest rates volatility? 央行的消息对贷款利率波动来说是好消息吗?
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-15 DOI: 10.1016/j.econlet.2023.111411
Xakousti Chrysanthopoulou , Alexandros Tsioutsios , Dimitrios Dimitriou
{"title":"Is central bank news good news for loan interest rates volatility?","authors":"Xakousti Chrysanthopoulou ,&nbsp;Alexandros Tsioutsios ,&nbsp;Dimitrios Dimitriou","doi":"10.1016/j.econlet.2023.111411","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111411","url":null,"abstract":"<div><p>We develop a theoretical framework revealing a negative relationship between the volatility of loan interest rates and central bank transparency. Empirical analysis of G-7 economies supports this theoretical prediction. Additionally, this relationship is strengthening under tight macroprudential regulations.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111411"},"PeriodicalIF":2.0,"publicationDate":"2023-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49717014","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Labor shortage and early robotization in Japan 日本的劳动力短缺和早期机器人化
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-14 DOI: 10.1016/j.econlet.2023.111404
Liuchun Deng , Minako Fujio , Xin Lin , Rui Ota
{"title":"Labor shortage and early robotization in Japan","authors":"Liuchun Deng ,&nbsp;Minako Fujio ,&nbsp;Xin Lin ,&nbsp;Rui Ota","doi":"10.1016/j.econlet.2023.111404","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111404","url":null,"abstract":"<div><p>In this paper, we study how labor shortage contributed to the rise of robots in the early stage of robotization in Japan from 1978 to 1991. Based on the newly digitalized industry-level data on labor shortage, we demonstrate that the shortage of unskilled factory workers is strongly positively associated with subsequent robot adoption. We also find the effect of the shortage of skilled factory workers on robot adoption to be negative, suggesting a potentially complementary role of skilled labor in the process of automation.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111404"},"PeriodicalIF":2.0,"publicationDate":"2023-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49734551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Non-crossing convex quantile regression 非交叉凸分位数回归
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-13 DOI: 10.1016/j.econlet.2023.111396
Sheng Dai , Timo Kuosmanen , Xun Zhou
{"title":"Non-crossing convex quantile regression","authors":"Sheng Dai ,&nbsp;Timo Kuosmanen ,&nbsp;Xun Zhou","doi":"10.1016/j.econlet.2023.111396","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111396","url":null,"abstract":"<div><p>Quantile crossing is a common phenomenon in shape constrained nonparametric quantile regression. A direct approach to address this problem is to impose non-crossing constraints to convex quantile regression. However, the non-crossing constraints may violate an intrinsic quantile property. This paper proposes a penalized convex quantile regression approach that can circumvent quantile crossing while maintaining the quantile property. A Monte Carlo study demonstrates the superiority of the proposed penalized approach in addressing the quantile crossing problem.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111396"},"PeriodicalIF":2.0,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49734554","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Don’t go on holiday in August! Market reaction to an unexpected windfall tax on banks 不要在八月去度假!市场对银行意外征收暴利税的反应
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-12 DOI: 10.1016/j.econlet.2023.111407
Antonio De Vito , Livia Pancotto , Salvatore Perdichizzi , Alessio Reghezza
{"title":"Don’t go on holiday in August! Market reaction to an unexpected windfall tax on banks","authors":"Antonio De Vito ,&nbsp;Livia Pancotto ,&nbsp;Salvatore Perdichizzi ,&nbsp;Alessio Reghezza","doi":"10.1016/j.econlet.2023.111407","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111407","url":null,"abstract":"<div><p><span>Using an event study approach, this paper investigates the stock market reaction to the unexpected announcement of a </span>windfall<span> tax on banks’ extra profits. We show that investors negatively perceive the introduction of the tax, with more pronounced reactions for banks expected to be more highly burdened. This evidence is corroborated when we investigate the cross-sectional determinants of banks’ returns and cumulative abnormal returns. Overall, the results suggest that investors negatively price excess profits taxes and contribute to our understanding of how stock markets respond to tax policy changes.</span></p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111407"},"PeriodicalIF":2.0,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49734552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Fairness and Gini decomposition 公平与基尼系数分解
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-12 DOI: 10.1016/j.econlet.2023.111409
Domenico Moramarco
{"title":"Fairness and Gini decomposition","authors":"Domenico Moramarco","doi":"10.1016/j.econlet.2023.111409","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111409","url":null,"abstract":"<div><p>We propose a new decomposition of the Gini coefficient<span> that nests a structuralist and an individualistic definition of unfair inequality, as well as ex ante and ex post measures of inequality of opportunity. We illustrate the decomposition on Belgian data, highlighting the source of a consistent difference between these views about unfair inequality.</span></p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111409"},"PeriodicalIF":2.0,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49734546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Employees’ reviews and stock price informativeness 员工评价与股价信息
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-11 DOI: 10.1016/j.econlet.2023.111406
Anthony Kyiu , Bernard Tawiah , Evans Ofosu Boamah
{"title":"Employees’ reviews and stock price informativeness","authors":"Anthony Kyiu ,&nbsp;Bernard Tawiah ,&nbsp;Evans Ofosu Boamah","doi":"10.1016/j.econlet.2023.111406","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111406","url":null,"abstract":"<div><p>We investigate the relationship between employee reviews and stock price informativeness. Using a sample of US firms, we find that firms with higher employee satisfaction are associated with greater stock price informativeness in terms of idiosyncratic volatility. We find this result to be more pronounced for firms that have a greater reliance on human capital assets. Overall, our study suggests that employee reviews have implications for financial markets.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111406"},"PeriodicalIF":2.0,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49734547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Revisiting the historical state: Long-term effects of institutional history on deforestation 回顾历史状态:制度历史对森林砍伐的长期影响
IF 2 4区 经济学
Economics Letters Pub Date : 2023-10-10 DOI: 10.1016/j.econlet.2023.111401
Matthias Schündeln, Johannes Van Vlodrop
{"title":"Revisiting the historical state: Long-term effects of institutional history on deforestation","authors":"Matthias Schündeln,&nbsp;Johannes Van Vlodrop","doi":"10.1016/j.econlet.2023.111401","DOIUrl":"https://doi.org/10.1016/j.econlet.2023.111401","url":null,"abstract":"<div><p>Existing work has shown long-run effects of historical institutions on economic development. However, few studies examine long-run effects of institutions on the environment. In this paper, we build on work by Dell et al. (2018) to demonstrate the effect of historical institutions in southern Vietnam on forest cover. Using a spatial regression discontinuity design, we find a larger coverage of forest and a lower rate of deforestation in a region that historically delegated administrative tasks from the central state to the village, fostering local cooperation. Thus, our findings are in line with previous work suggesting a connection between local cooperation and the preservation of common pool resources. Further, the results suggest that historical institutional differences should be considered for a better understanding of determinants and possible remedies of forest loss.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"233 ","pages":"Article 111401"},"PeriodicalIF":2.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49734545","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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