Research Papers in Economics and Finance最新文献_第2页

The weak-form efficiency of cryptocurrencies 加密货币的弱形式效率

Research Papers in Economics and Finance Pub Date : 2023-10-10 DOI: 10.18559/ref.2023.1.198

Jacek Karasiński

{"title":"The weak-form efficiency of cryptocurrencies","authors":"Jacek Karasiński","doi":"10.18559/ref.2023.1.198","DOIUrl":"https://doi.org/10.18559/ref.2023.1.198","url":null,"abstract":"This study aimed to examine the weak-form efficiency of some of the most capitalised cryptocurrencies. The sample consisted of 24 cryptocurrencies selected out of 30 cryptocurrencies with the highest market capitalisation as of October 19, 2022. Stablecoins were not considered. The study covered the period from January 1, 2018 to August 31, 2022. The results of robust martingale difference hypothesis tests suggest that the examined cryptocurrencies were efficient most of the time. However, their efficiency turned out to be time-varying, which validates the adaptive market hypothesis. No evidence was found for the impact of the coronavirus outbreak and the Russian invasion of Ukraine on the weak-form efficiency of the examined cryptocurrencies. The differences in efficiency between the most efficient cryptocurrencies and the least efficient ones were noticeable, but not large. The results also allowed to observe some slight differences in efficiency between the cryptocurrencies with the largest market cap and cryptocurrencies with the lowest market cap. However, the differences between the two groups were too small to draw any far-reaching conclusions about a positive relationship between the market cap and efficiency. The obtained results also did not allow us to detect any trends in efficiency.","PeriodicalId":290683,"journal":{"name":"Research Papers in Economics and Finance","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136255099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Application of the vector-autoregression VAR model in the analysis of unemployment hysteresis in the context of Okun’s Law 向量自回归VAR模型在奥肯定律背景下失业滞后分析中的应用

Research Papers in Economics and Finance Pub Date : 2023-02-22 DOI: 10.18559/ref.2022.2.4

Patryk Kołbyko

{"title":"Application of the vector-autoregression VAR model in the analysis of unemployment hysteresis in the context of Okun’s Law","authors":"Patryk Kołbyko","doi":"10.18559/ref.2022.2.4","DOIUrl":"https://doi.org/10.18559/ref.2022.2.4","url":null,"abstract":"\u0000 \u0000 \u0000 \u0000Unemployment is an important macroeconomic issue both in theoretical terms and for economic reality. On the theoretical ground, the unemployment rate, which is a measure of the share of unemployed units of the labour supply in the economy, determines the output gap at a certain adjustment parameter determined by the marginal productivity of labour. One of the causes of rising or persistent unemployment in the economy is the phenomenon of unemployment hysteresis, which occurs as a result of changes in the marginal disutility of labour, the strength of the wage bargain and other exogenous conditions arising in previous periods. The purpose of the study conducted in the following paper is to investigate the phenomenon of hysteresis in the labour market by analysing the significance of the impact of the unemployment rate in previous periods. In addition, the work aims to study Okun’s Law as an effect of production dynamics on the unemployment rate. The study of the dependence was carried out through the estimation of a macroeconometric time series model—vector-autoregression (VAR) on the example of statistical data for Poland obtained from Statistics Poland (Stat.gov.pl) and complied raports about national accounts in the quarterly sequence for the years 2015–2021. \u0000 \u0000 \u0000 \u0000","PeriodicalId":290683,"journal":{"name":"Research Papers in Economics and Finance","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133632465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Economic openness, institutional quality and per capita income: Evidence from the Economic Community of West African States (ECOWAS) 经济开放、制度质量和人均收入:来自西非国家经济共同体的证据

Research Papers in Economics and Finance Pub Date : 2023-02-20 DOI: 10.18559/ref.2022.2.3

I. Nzeh, H. Ogwuru, David Ogomegbunam Okolie, Jonathan Ibekwe Okolie

引用次数: 0

Reforms to the Israeli income tax 以色列所得税改革

Research Papers in Economics and Finance Pub Date : 2023-02-17 DOI: 10.18559/ref.2022.2.1

Beny Tzarfati

{"title":"Reforms to the Israeli income tax","authors":"Beny Tzarfati","doi":"10.18559/ref.2022.2.1","DOIUrl":"https://doi.org/10.18559/ref.2022.2.1","url":null,"abstract":"\u0000 \u0000 \u0000 \u0000Income tax is a major component of state revenues, earmarked to finance the services provided by the government. Income taxes have a significant impact, among other things, on economic growth and income distribution. According to economic theory, personal income tax—perceived as progressive tax—is the main policy tool of the governments of developed countries and is aimed at reducing inequality in income distribution. The Israeli in- come tax has been through major reforms in the last decade and a half. These reforms include a reduction in income tax exemp- tions, steadily decreasing tax rates, simplification of tax calculation rules, reallocation of resources from the public and revenue sharing by reducing the income tax burden on the middle classes, a transfer from territorially based taxation of income earned or accrued in Israel to personally based taxation of income of Israeli residents, regardless of the place of earning the income. The result of changing the tax system and the transition to taxation on a personal basis means, in practice, an expansion of the tax base in Israel. This paper aims to describe the income tax prior to the reforms and the major reforms that had taken place up to 2017. \u0000 \u0000 \u0000 \u0000","PeriodicalId":290683,"journal":{"name":"Research Papers in Economics and Finance","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131301828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Environmental, Social and Governance Responsibility, financial performance and assets: A study of Exchange Traded Funds 环境、社会和治理责任、财务绩效和资产:交易所交易基金的研究

Research Papers in Economics and Finance Pub Date : 2023-02-17 DOI: 10.18559/ref.2022.2.2

Gerasimos G. Rompotis

引用次数: 3

Third time lucky: An analysis of Paris’ bids for the Olympic Games in 2008, 2012 and 2024 第三次幸运:对巴黎申办2008年、2012年和2024年奥运会的分析

Research Papers in Economics and Finance Pub Date : 2023-02-17 DOI: 10.18559/ref.2022.2.5

Julia Jastrzabek

{"title":"Third time lucky: An analysis of Paris’ bids for the Olympic Games in 2008, 2012 and 2024","authors":"Julia Jastrzabek","doi":"10.18559/ref.2022.2.5","DOIUrl":"https://doi.org/10.18559/ref.2022.2.5","url":null,"abstract":"Hosting the Olympic Games has become a unique occasion to implement several projects aimed at upgrading public infrastructure and improving the economic performance of the host city. Thus, some cities are so determined to host the Olympics that they decide to bid multiple times. One of the examples of such a city is Paris, which since the 2000s has submitted its bids three times, for 2008, 2012, and 2024, of which the last attempt turned out to be successful. Based on the above, the main aim of this article is to present the trajectory of changes and developments made by the three successive bid attempts, with an emphasis on the latest successful campaign. This study demonstrates that there are some recurrent ideas, projects, and plans shared by each bid with some modifications to emphasize their uniqueness, novelty, and up-to-date approach. In some aspects, the Paris 2024 bid builds on its previous candidature from 2012 in the field of long-term legacy effects and sustainability. Therefore, there is a consistent action taken by the bid managers and city authorities in terms of using the Olympic Games as a tool for urban regeneration and sports development.","PeriodicalId":290683,"journal":{"name":"Research Papers in Economics and Finance","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115720692","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Limiting meat consumption in the view of the students of the Poznań University of Economics and Business 在波兹纳斯经济与商业大学的学生看来，限制肉类消费

Research Papers in Economics and Finance Pub Date : 2023-02-17 DOI: 10.18559/ref.2022.2.6

Marceli Hązła, Kamila Michowska

引用次数: 1

Polish zloty as an instrument to support the economy in the era of coronavirus 波兰兹罗提作为新冠病毒时代支持经济的工具

Research Papers in Economics and Finance Pub Date : 2020-12-30 DOI: 10.18559/ref.2020.3.5

Eryk Łon

引用次数: 0

Poland’s financial sector development in terms of global financial transformations 从全球金融转型的角度看波兰金融部门的发展

Research Papers in Economics and Finance Pub Date : 2020-12-30 DOI: 10.18559/ref.2020.3.1

T. Marena

引用次数: 4

Economic Freedom and FDI: Co-Integration Analysis 经济自由与FDI:协整分析

Research Papers in Economics and Finance Pub Date : 2020-12-30 DOI: 10.18559/ref.2020.3.4

Selim Corekcioglu

引用次数: 0