Economic Annals最新文献_第10页

Inequality and welfare state clientelism in Bosnia and Herzegovina 波斯尼亚和黑塞哥维那的不平等和福利国家的庇护主义

Economic Annals Pub Date : 2019-01-01 DOI: 10.2298/eka1923083o

Nikolina Obradović, Goran Filic Patrick

{"title":"Inequality and welfare state clientelism in Bosnia and Herzegovina","authors":"Nikolina Obradović, Goran Filic Patrick","doi":"10.2298/eka1923083o","DOIUrl":"https://doi.org/10.2298/eka1923083o","url":null,"abstract":"Inequality in Bosnia and Herzegovina (BiH) is rampant, manifested not only through one of the highest Gini coefficients in Europe but also in unequal access to social benefits and services. We find this to be an outcome of BiH?s entitygovernment social policy, which has been created to serve ethnic clientelistic politics. As the country?s former social protection system adjusted in the immediate post-civil war period to a new asymmetric government structure made of two entities, Federation of Bosnia and Herzegovina and Republika Srpska, it helped the main ethnic political parties preserve their power and ethnic divisions. This was achieved through a comprehensive system of status-based social benefits, most notably war-related social benefits granted on the basis of ethnic and military service affiliation. As such, in both BiH?s entities the system of social protection is an instrument of political control that generates inequality by treating certain social groups differently in terms of access to and level of benefits, while excluding much of the population. The process is found to be endogenous; in other words, maintaining inequality in access to social benefits is essential for preserving clientelistic policy, and vice versa.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68476247","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: 4

What lies behind the gender wage gap in Serbia? 塞尔维亚性别工资差距背后的原因是什么?

Economic Annals Pub Date : 2019-01-01 DOI: 10.2298/eka1923137a

Aleksandra Anić, G. Krstić

引用次数: 3

The strategic choices of Serbian entrepreneurs: Are they entrepreneurially oriented and do they differ by gender? 塞尔维亚企业家的战略选择:他们是否以创业为导向?他们是否因性别而有所不同?

Economic Annals Pub Date : 2019-01-01 DOI: 10.2298/eka1922147s

Danijela Stošić-Panić

引用次数: 0

Countries of former yugoslavia: Periphery vs. super-periphery in the great recession and beyond 前南斯拉夫国家:大衰退时期的边缘国家与超级边缘国家

Economic Annals Pub Date : 2019-01-01 DOI: 10.2298/eka1923011b

Velimir Bole, Miha Dominko, Ada Guštin-Habuš, J. Prašnikar

{"title":"Countries of former yugoslavia: Periphery vs. super-periphery in the great recession and beyond","authors":"Velimir Bole, Miha Dominko, Ada Guštin-Habuš, J. Prašnikar","doi":"10.2298/eka1923011b","DOIUrl":"https://doi.org/10.2298/eka1923011b","url":null,"abstract":"The paper deals with the performance of former Yugoslav countries during the Great Recession. It compares the performance of peripheral countries (Slovenia and Croatia) with those of superperipheral countries (Bosnia, the Republic of North Macedonia, Montenegro, and Serbia). The focus of the analysis is the four channels of crisis transmission and amplification: the capital surge as the external channel on the one hand, and the financial accelerator, the banking credit extension, and liquidity as internal channels on the other. While the external channel drove the dynamics of the crisis, the internal channels amplified, broadened, and prolonged its drastic economic consequences. The paper depicts the trajectory of the consequences of the Great Recession for both peripheral and super-peripheral countries. It shows that, regarding financial stability, peripheral countries outperformed superperipheral countries in the boom phase, but not in the bust and recovery phases. The crucial factor influencing such a deterioration of peripheral countries? financial stability was the policy measures enforced by the European Commission and ECB, calibrated to the needs of the largest and strongest economies of the euro area, while neglecting the asymmetric dynamics of European economies in the bust and recovery phases. The paper concludes with a warning that something similar could happen in the present crisis triggered by the Covid-19 virus.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68475744","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: 2

The minimum wage as a wage equality policy: Evidence from North Macedonia 作为工资平等政策的最低工资:来自北马其顿的证据

Economic Annals Pub Date : 2019-01-01 DOI: 10.2298/eka1923061p

Marjan Petreski, Nikica Mojsoska-Blazevski, Mariko Ouchi

引用次数: 1

The dynamics of house prices and fiscal policy shocks in Turkey 土耳其房价动态和财政政策冲击

Economic Annals Pub Date : 2019-01-01 DOI: 10.2298/EKA1920039O

Mustafa Yıldırım Ozan, Ö. Filiz

引用次数: 7

Do momentum strategies perform better for Islamic stocks than for conventional stocks across market states? 在各个市场国家，动量策略在伊斯兰股票上的表现是否优于传统股票?

Economic Annals Pub Date : 2019-01-01 DOI: 10.2298/eka1921107t

Lain-Tze Tee, Simone Kew, S. Low

{"title":"Do momentum strategies perform better for Islamic stocks than for conventional stocks across market states?","authors":"Lain-Tze Tee, Simone Kew, S. Low","doi":"10.2298/eka1921107t","DOIUrl":"https://doi.org/10.2298/eka1921107t","url":null,"abstract":"This study compares the momentum profitability of Islamic and conventional stocks in Malaysia and examines whether the presence of momentum profits is market-state dependent. Winner portfolios are shown to outperform loser portfolios, suggesting that a momentum effect exists in the equity market. Islamic stocks exhibit stronger momentum than conventional stocks. Interestingly, although pursuing profit is not the primary goal of Islamic stock investors, the findings indicate that momentum profits for all Islamic stock trading strategies are higher than those for conventional stocks. The profits from momentum strategies for both stocks are market-state dependent. In all trading strategies, while there are significant positive momentum profits following market upturns, there is no evidence of profits subsequent to market downturns. Overall, Islamic stocks yield higher momentum profits than conventional stocks across market states. These findings are robust to using various measures of the state of the market. While the presence of momentum profits is also robust to the inclusion of Fama-French?s (1993) risk factors, the risk factors are unable to explain momentum profits, suggesting that the risk-adjusted momentum profits are not due to risk compensation. Rather, the profitability is evidence of stock mispricing.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68475950","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: 2

Determinants of female entrepreneurship in Iran: An institutional approach 伊朗女性创业的决定因素:一种制度方法

Economic Annals Pub Date : 2018-01-01 DOI: 10.2298/eka1816111k

Mohsen Mohammadi

引用次数: 5

Determinants Of Financial Euroisation In A Small Open Economy: The Case Of Serbia 小型开放经济体中金融欧元化的决定因素:以塞尔维亚为例

Economic Annals Pub Date : 2018-01-01 DOI: 10.2298/EKA1818009B

Mile Bošnjak, Gordana Kordić, Vlatka Bilas

引用次数: 2

Pro-Competitive Regulatory Policies For Post-Paid And Pre-Paid Mobile Phone Markets 后付费和预付费手机市场的竞争监管政策

Economic Annals Pub Date : 2018-01-01 DOI: 10.2298/eka1818085t

D. Trifunović, Djordje Mitrović

{"title":"Pro-Competitive Regulatory Policies For Post-Paid And Pre-Paid Mobile Phone Markets","authors":"D. Trifunović, Djordje Mitrović","doi":"10.2298/eka1818085t","DOIUrl":"https://doi.org/10.2298/eka1818085t","url":null,"abstract":"There are two types of switching costs when users change their mobile operator. The first stems from price discrimination when the network charges a lower price for on-net than for off-net calls. If the majority of the switching user’s contacts are in their current network, this imposes an obstacle to changing the network, since in the new network they would have to pay a higher price for off-net calls. The other switching cost results from the switching user having to inform all their contacts about their new number in the other network. Mobile phone number portability (NP) reduces this switching cost. This paper’s aim is to determine pro-competitive regulatory policies for the post-paid and pre-paid market segments. This distinction is important since the post-paid market dominates in developed countries, while in less developed countries the prepaid market dominates. There are two operators in our model, the incumbent and a new entrant. In the postpaid market, NP reduces the level of market concentration. In the pre-paid market, NP has no impact on the convergence of market shares, and the reduction of access charges (the fee for terminating calls in the rival network) turns out to be a pro-competitive regulatory policy. There is no need for asymmetric access regulation where the incumbent pays higher access charges than the new entrant.","PeriodicalId":35023,"journal":{"name":"Economic Annals","volume":"63 1","pages":"85-104"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68475625","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