Empirical Economics最新文献_第4页

Exchange rate misalignments, growth, and institutions 汇率失调、增长和机构

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-25 DOI: 10.1007/s00181-024-02600-4

Jaromír Baxa, Michal Paulus

引用次数: 0

‘Bargain your share’: the role of workers’ bargaining power for labor share, with reference to transition economies 讨价还价"：工人讨价还价能力对劳动份额的作用，以转型经济体为参照

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-24 DOI: 10.1007/s00181-024-02602-2

Marjan Petreski, Stefan Tanevski

{"title":"‘Bargain your share’: the role of workers’ bargaining power for labor share, with reference to transition economies","authors":"Marjan Petreski, Stefan Tanevski","doi":"10.1007/s00181-024-02602-2","DOIUrl":"https://doi.org/10.1007/s00181-024-02602-2","url":null,"abstract":"The objective of the paper is to understand the role of workers’ bargaining for the labor share in transition economies. We rely on a share-capital schedule, whereby workers’ bargaining power is represented as a move off the schedule. Quantitative indicators of bargaining power are supplemented with self-constructed qualitative indices derived from textual information describing the legal environment enabling bargaining in each country. Due to multiple data constraints, we employ a cross-sectional empirical model estimated using instrumental variables (IV) methods, where former unionization rates and the time since the adoption of the ILO Collective Bargaining Convention serve as instruments. The sample comprises 23 industrial branches across 69 countries, including 28 transition economies. In general, we find the stronger bargaining power to influence higher labor share, when the former is measured either quantitatively or qualitatively. Conversely, higher bargaining power is associated with a lower labor share in transition economies. This is likely a matter of delayed response to wage pushes, a function of the structural transformation of transition economies, and reconciled with the increasing role of MNCs which did not confront the workers’ power rise per se, but introduced automation and changed market structure amid labor market flexibilization, which eventually deferred bargaining power’s positive effect on labor share.","PeriodicalId":11642,"journal":{"name":"Empirical Economics","volume":"69 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141152677","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

Impact of terrorism on child sex at birth: evidence from Pakistan 恐怖主义对儿童出生性别的影响：巴基斯坦的证据

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-14 DOI: 10.1007/s00181-024-02605-z

Khusrav Gaibulloev, Gerel Oyun, Javed Younas

引用次数: 0

Do consumer price indices in oil-producing economies respond differently to oil market shocks? Evidence from Canada 产油经济体的消费价格指数对石油市场冲击的反应是否不同？来自加拿大的证据

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-14 DOI: 10.1007/s00181-024-02606-y

Andre Harrison, Annika Segelhorst

{"title":"Do consumer price indices in oil-producing economies respond differently to oil market shocks? Evidence from Canada","authors":"Andre Harrison, Annika Segelhorst","doi":"10.1007/s00181-024-02606-y","DOIUrl":"https://doi.org/10.1007/s00181-024-02606-y","url":null,"abstract":"Using a structural vector autoregression (SVAR) model, we demonstrate that the response of consumer prices in oil-producing Canadian provinces to oil market shocks is similar to that of consumer prices in non-oil-producing provinces, though the magnitudes and durations vary. In particular, the effects of oil supply and oil-specific demand shocks lead to significant consumer price increases while unanticipated expansions in global demand only lead to modest increases in consumer prices across both sets of provinces. Our results suggest that oil market shocks are transmitted from consumer prices in oil-producing provinces to non-oil-producing ones largely through changes in the labor market. Further, we find that roughly 41% of the long-run variation in consumer price inflation in oil-producing provinces is attributable to oil market shocks while it is about 46% in non-oil-producing provinces on average. Finally, we show that historically, oil market shocks have contributed to fluctuations in consumer price inflation in each province with different signs at different points in time. Consequently, our results suggest that policymakers should pay close attention to the effects of oil market shocks on subnational consumer prices in order to curb the impacts of adverse supply shocks and to mediate demand-side forces.","PeriodicalId":11642,"journal":{"name":"Empirical Economics","volume":"7 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140937816","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

Adults in the room? The auditor and dividends in small firms: evidence from a natural experiment 房间里的成年人？审计师与小公司的红利：来自自然实验的证据

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-14 DOI: 10.1007/s00181-024-02603-1

Hakim Lyngstadås, Johannes Mauritzen

引用次数: 0

Measuring productivity when technology is heterogeneous using a latent class stochastic frontier model 利用潜类随机前沿模型衡量技术异质时的生产率

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-13 DOI: 10.1007/s00181-024-02604-0

K Hervé Dakpo, Laure Latruffe, Yann Desjeux, Philippe Jeanneaux

{"title":"Measuring productivity when technology is heterogeneous using a latent class stochastic frontier model","authors":"K Hervé Dakpo, Laure Latruffe, Yann Desjeux, Philippe Jeanneaux","doi":"10.1007/s00181-024-02604-0","DOIUrl":"https://doi.org/10.1007/s00181-024-02604-0","url":null,"abstract":"We examine an extension of the latent class stochastic frontier model (LCSFM) to productivity estimation and the decomposition of productivity change into technical change, output-oriented technical efficiency change, and scale change. We base our productivity estimation on a Multi-class Grifell-Tatjé, Lovell & Orea Malmquist (GLOM) index. An advantage of this new productivity index is to account for classes' posterior probabilities to derive individual farm parameters. In addition, we extend our analysis to estimate a metafrontier GLOM productivity index to explore potentialities when all firms use the best available technologies. An empirical application to a sample of French sheep and goat farms observed between 2002 and 2021 confirms the necessity to account for technological heterogeneity when measuring productivity change. Among the two classes of farms identified by the LCSFM, the intensive class experiences TFP gains, while the extensive class sees its TFP worsening. However, the gap between intensive and extensive technologies seems to reduce over time. Finally, the multi-class GLOM reveals technical change as the primary driver of productivity for French goat and sheep farms.","PeriodicalId":11642,"journal":{"name":"Empirical Economics","volume":"47 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140937820","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

Unraveling wage inequality: tangible and intangible assets, globalization and labor market regulations 揭示工资不平等：有形资产和无形资产、全球化和劳动力市场法规

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-09 DOI: 10.1007/s00181-024-02587-y

Antonio Francesco Gravina, Neil Foster-McGregor

{"title":"Unraveling wage inequality: tangible and intangible assets, globalization and labor market regulations","authors":"Antonio Francesco Gravina, Neil Foster-McGregor","doi":"10.1007/s00181-024-02587-y","DOIUrl":"https://doi.org/10.1007/s00181-024-02587-y","url":null,"abstract":"In this paper, we study the asymmetric effects of different types of capital-embodied technological change, as proxied by tangible and intangible assets, on relative wages (high- to medium-skilled, high- to low-skilled and medium- to low-skilled workers), relying upon the technology-skill complementarity and polarization of the labor force frameworks. We also consider two additional major channels that contribute to shaping wage differentials: globalization (in terms of trade openness and global value chains participation) and labor market institutions. The empirical analysis is carried out using a panel dataset comprising 17 mostly advanced European economies and 5 industries, with annual observations spanning the period 2008–2017. Our findings suggest that software and databases—as a proxy for intangible technologies—exert downward pressure on low-skilled wages, while robotics is associated with a polarization of the wage distribution at the expense of middle-skilled labor. Additionally, less-skilled workers’ relative wages are negatively affected by trade openness and global value chain participation, but positively influenced by sector-specific labor market regulations.","PeriodicalId":11642,"journal":{"name":"Empirical Economics","volume":"6 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140929265","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

Point forecasts of the price of crude oil: an attempt to “beat” the end-of-month random-walk benchmark 原油价格点预测："击败 "月末随机漫步基准的尝试

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-03 DOI: 10.1007/s00181-024-02599-8

Nima Nonejad

{"title":"Point forecasts of the price of crude oil: an attempt to “beat” the end-of-month random-walk benchmark","authors":"Nima Nonejad","doi":"10.1007/s00181-024-02599-8","DOIUrl":"https://doi.org/10.1007/s00181-024-02599-8","url":null,"abstract":"The study of Ellwanger and Snudden (J Bank Financ 154:106962, 2023) discovers a new and remarkable finding regarding the ability of the random-walk model using the end-of-month price of crude oil to forecast future monthly average crude oil prices out-of-sample. The magnitude and nature of the relative predictive gains lead the authors to question whether any other model can “beat” the end-of-month price random-walk out-of-sample. I make an attempt to do so by relying on plain end-of-month crude oil price autoregressive fractionally integrated moving average (ARFIMA) models. These models are more nuanced and at the same time comprehensively account for one of the most salient features of the price of crude oil, namely, its persistence. Consequently, a forecaster is inclined to believe that they might “beat” the end-of-month random-walk model. However, out-of-sample results demonstrate that a uniform (definitive) conclusion cannot be drawn. On the contrary, conclusions depend heavily on the definition of “beating”, i.e. population-level versus finite-sample relative predictability, the forecast horizon, state of the business cycle and the choice of the crude oil price series itself. The decisions, judgments and dilemmas faced by the forecaster are presented and elaborated.","PeriodicalId":11642,"journal":{"name":"Empirical Economics","volume":"127 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140929514","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

Natural disasters, salience and public support for climate change policy 自然灾害、显著性和公众对气候变化政策的支持

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-02 DOI: 10.1007/s00181-024-02601-3

Shawn J. McCoy, Ian K. McDonough, Constant Tra

引用次数: 0

The costs of job loss and task usage: Do social tasks soften the drop? 失业和任务使用的成本：社交任务是否会减轻失业的代价？

IF 3.2 4区经济学

Empirical Economics Pub Date : 2024-05-02 DOI: 10.1007/s00181-024-02595-y

Antti Kauhanen, Krista Riukula

引用次数: 0