INTERNATIONAL ECONOMIC JOURNAL最新文献_第4页

Institutions Determine Debt–Growth Relationship: Evidence from Fourth Wave of Debt in EMDEs 制度决定债务-增长关系：来自EMDE第四波债务的证据

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2023-03-08 DOI: 10.1080/10168737.2023.2184845

S. Bagchi, Sayantan Bandhu Majumder, Somdutta Banerjee

{"title":"Institutions Determine Debt–Growth Relationship: Evidence from Fourth Wave of Debt in EMDEs","authors":"S. Bagchi, Sayantan Bandhu Majumder, Somdutta Banerjee","doi":"10.1080/10168737.2023.2184845","DOIUrl":"https://doi.org/10.1080/10168737.2023.2184845","url":null,"abstract":"ABSTRACT The last decade witnessed global debt levels to reach record high. In Emerging Market and Developing Economies (EMDEs) like never before, the (public and private) debt–GDP ratio has been dismally high. An upward spree of the debt–GDP ratio coupled with a looming economic crisis led to concerns about institutional qualities (IQ). We explore how different dimensions of IQ (namely, political, legal and governance) impact the debt–growth relationship in the EMDEs amidst the current fourth wave of debt (2010–2019). We examine whether the relation is monotonic or it varies around a particular threshold value of IQ. By applying a dynamic panel threshold regression model, we obtain two regime-dependent marginal effects of regressors (upper and lower regimes) that are distinguished by a threshold value of IQ. Our results reveal that for each of our considered IQ, there exists a statistically significant threshold value. For public debt, across all dimensions of IQ debt hurts growth in the lower regime, while in the upper regime the association is favourable. While private debt is growth enhancing in the lower regime of all IQs (excepting corruption), while it is inimical in the upper regime.","PeriodicalId":35933,"journal":{"name":"INTERNATIONAL ECONOMIC JOURNAL","volume":"37 1","pages":"245 - 269"},"PeriodicalIF":1.1,"publicationDate":"2023-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47229211","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

Revisiting the Long-Run Relationship Between Inward/Outward FDI and Income Inequality: New Evidence from the OECD 重新审视内外部FDI与收入不平等的长期关系——来自经合组织的新证据

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2023-03-08 DOI: 10.1080/10168737.2023.2182814

Mert Akyuz, Ghislain Nono Gueye, Cagin Karul

{"title":"Revisiting the Long-Run Relationship Between Inward/Outward FDI and Income Inequality: New Evidence from the OECD","authors":"Mert Akyuz, Ghislain Nono Gueye, Cagin Karul","doi":"10.1080/10168737.2023.2182814","DOIUrl":"https://doi.org/10.1080/10168737.2023.2182814","url":null,"abstract":"The relatively small panel cointegration literature on the dynamics between FDI and income inequality predominantly finds that FDI will reduce income inequality in the long-run in developed countries. However, we point out an important technical oversight in the literature. Not accounting for cross-section dependence in panel data methodologies may yield unreliable results. Expanding on the work of Herzer and Nunnenkamp [(2013). Inward and outward FDI and income inequality: Evidence from Europe. Review of World Economics, 149(2), 395–422. https://doi.org/10.1007/s10290-013-0148-3], who pioneered the use of panel cointegration in the European context, we obtain different results when we account for cross-section dependence and employ economic procedures robust to it. Using a panel containing 16 OECD countries (1979–2017), 2 income inequality measures, and 4 FDI measures, we begin by showing strong evidence for the existence of cross-section dependence. Then, using second-generation econometric procedures, we do not find any evidence for a cointegrating relationship between inward FDI and income inequality. We do find evidence that outward FDI is cointegrated with income inequality; however, contrary to the main results of the literature, we find that it widens the income gap in the long-run. Additionally, our results support the view that fiscal policy is an important tool to reduce income inequality.","PeriodicalId":35933,"journal":{"name":"INTERNATIONAL ECONOMIC JOURNAL","volume":"37 1","pages":"220 - 244"},"PeriodicalIF":1.1,"publicationDate":"2023-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43791534","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

Intra-Household Peer Effects in Smartphone Adoption 智能手机应用中的家庭内部同伴效应

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2023-01-02 DOI: 10.1080/10168737.2023.2169738

M. Park, Jungwon Yeo

引用次数: 0

Forecasting a Commodity-Exporting Small Open Developing Economy Using DSGE and DSGE-BVAR 基于DSGE和DSGE- bvar的商品出口小型开放发展中经济体预测

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2023-01-02 DOI: 10.1080/10168737.2023.2170443

Erlan Konebayev

引用次数: 1

A Study of the Effects of China’s TBT Notifications on Korean Exports 中国TBT通知对韩国出口的影响研究

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2023-01-02 DOI: 10.1080/10168737.2023.2176903

Yun-Yun Bai, Keun-Yeob Oh

{"title":"A Study of the Effects of China’s TBT Notifications on Korean Exports","authors":"Yun-Yun Bai, Keun-Yeob Oh","doi":"10.1080/10168737.2023.2176903","DOIUrl":"https://doi.org/10.1080/10168737.2023.2176903","url":null,"abstract":"Since China joined the World Trade Organization (WTO) in 2002, the number of technical barriers to trade (TBT) notifications has increased rapidly. This study investigates the impact of China’s imposition of TBTs on the exports of Korean manufacturing-industry from 2002 to 2014. We focus on the following aspects: exports in terms of value-added, a comparison of exports of final goods with exports of intermediate goods, and specific trade concerns (STCs). Our findings are as follows. First, China’s TBTs have an insignificant impact on Korean manufacturing exports to China when we investigate the whole manufacturing industry sector. Second, as a result of analyzing final goods and intermediate goods separately, we do not find a significant effect of TBTs on the export of intermediate goods, whereas they have negative effects on the export of final goods. This is in line with our expectations that China does not want to restrict the import of intermediate goods. Third, further analysis of the relationship between exports and TBT STCs is conducted. However, we find no additional negative effect of TBT STCs on exports. Fourth, the impact of TBTs on exports in value-added terms does not seem to differ from the impact on total gross exports.","PeriodicalId":35933,"journal":{"name":"INTERNATIONAL ECONOMIC JOURNAL","volume":"37 1","pages":"120 - 136"},"PeriodicalIF":1.1,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45730856","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

An Inconvenient Truth: Welfare Losses From Asymmetric Reductions in Transportation Costs 一个难以忽视的真相:运输成本不对称减少带来的福利损失

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2023-01-02 DOI: 10.1080/10168737.2023.2169868

Wisarut Suwanprasert

引用次数: 0

Korean Trade in 10 Service Industries and Role of the Won? An Asymmetric Analysis 10大服务产业的韩国贸易和韩元的作用?非对称分析

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2022-12-06 DOI: 10.1080/10168737.2022.2153899

Mohsen Bahmani‐Oskooee, Jungho Baek

引用次数: 1

Simultaneous Inference on the Korean Won-US Dollar Forward Premium Anomaly 对韩元-美元远期溢价异常的同步推断

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2022-12-05 DOI: 10.1080/10168737.2022.2153900

Jinyong Kim

{"title":"Simultaneous Inference on the Korean Won-US Dollar Forward Premium Anomaly","authors":"Jinyong Kim","doi":"10.1080/10168737.2022.2153900","DOIUrl":"https://doi.org/10.1080/10168737.2022.2153900","url":null,"abstract":"The forward premium anomaly, which refers to the empirical failure of the uncovered interest parity (UIP), has been primarily examined by the forward premium regression of [Fama, E. (1984). Forward and spot exchange rates. Journal of Monetary Economics, 14(3), 319–338. https://doi.org/10.1016/0304-3932(84)90046-1]. Some studies apply the rolling-window regression to capture the time-varying coefficient on the forward premium, with difficulty in statistically testing the deviation of the coefficient from the UIP over time. We follow [Baillie, R., & Kim, K. (2015). Was it risk? Or was it fundamentals? Explaining excess currency returns with kernel smoothed regressions. Journal of Empirical Finance, 34, 99–111] to apply the simultaneous inference procedure to the Korean Won-US Dollar spot and forward exchange rates by estimating the time-varying coefficient from the kernel-smoothed local-linear regression and constructing the uniform confidence band to test the local deviation. We find that, while the UIP is not rejected from the baseline regression, the simultaneous inference shows that the deviation from the UIP is mainly observed during the early 2000s and 2010s. Time-variation of the forward premium coefficient tends to be significantly affected by economic uncertainties such as the interest rate, inflation, and stock return volatilities in Korea and US.","PeriodicalId":35933,"journal":{"name":"INTERNATIONAL ECONOMIC JOURNAL","volume":"37 1","pages":"82 - 92"},"PeriodicalIF":1.1,"publicationDate":"2022-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41660309","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 Complexity and Economic Development in ASEAN Countries 东盟国家的经济复杂性与经济发展

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2022-10-02 DOI: 10.1080/10168737.2022.2142643

T. Le, L. Niem, Taegil Kim

引用次数: 0

The Rise of Niche Consumption: A Shopping Basket Similarity Approach 利基消费的兴起：一种购物篮相似方法

IF 1.1

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2022-10-02 DOI: 10.1080/10168737.2022.2144926

Jungwon Yeo

引用次数: 1