Applied Economic Analysis最新文献

Editorial introduction: Studies about the impact of recent economic crises 社论导言:关于近期经济危机影响的研究

3区经济学

Applied Economic Analysis Pub Date : 2023-11-10 DOI: 10.1108/aea-10-2023-301

Enrique López-Bazo, Mercedes Teruel

引用次数: 0

Inequality and redistribution: evidence from Scandinavian and Mediterranean countries 不平等和再分配:来自斯堪的纳维亚和地中海国家的证据

3区经济学

Applied Economic Analysis Pub Date : 2023-11-02 DOI: 10.1108/aea-06-2023-0201

Oscar Claveria, Petar Sorić

{"title":"Inequality and redistribution: evidence from Scandinavian and Mediterranean countries","authors":"Oscar Claveria, Petar Sorić","doi":"10.1108/aea-06-2023-0201","DOIUrl":"https://doi.org/10.1108/aea-06-2023-0201","url":null,"abstract":"Purpose The purpose of this paper is to investigate the adjustment of government redistributive policies in Scandinavian and Mediterranean countries following changes in income inequality over the period 1980–2021. Design/methodology/approach The authors first modelled the time-varying dynamics between income inequality and redistribution and then used a non-linear framework to test for the existence of asymmetries and cointegration in their long-run relationship. The authors used two complementary measures of inequality – the share of total income accruing to top percentile income holders and the ratio of the share of total income accruing to top decile income holders divided by that accumulated by the bottom 50% – and computed redistribution as the difference between the two inequality indicators before and after taxes and transfers. Findings The authors found that the sign of the relationship between income inequality and redistribution is mostly positive and time-varying. Overall, the authors also found evidence that the impact of increases in inequality on redistributive measures is higher than that of decreases. Finally, the authors obtained a significant long-run relationship between both variables in all countries except Denmark and Spain. These results hold for both Scandinavian and Mediterranean countries. Originality/value To the best of the authors’ knowledge, this is the first paper to account for the potential existence of non-linearities and to examine the asymmetries in the adjustment of redistributive policies to increases in income inequality using alternative income inequality metrics.","PeriodicalId":36191,"journal":{"name":"Applied Economic Analysis","volume":"29 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135874139","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Investigation into the dynamic relationships between global economic uncertainty and price volatilities of commodities, raw materials, and energy 调查全球经济不确定性与商品、原材料和能源价格波动之间的动态关系

3区经济学

Applied Economic Analysis Pub Date : 2023-11-01 DOI: 10.1108/aea-06-2023-0207

Malihe Ashena, Hamid Laal Khezri, Ghazal Shahpari

{"title":"Investigation into the dynamic relationships between global economic uncertainty and price volatilities of commodities, raw materials, and energy","authors":"Malihe Ashena, Hamid Laal Khezri, Ghazal Shahpari","doi":"10.1108/aea-06-2023-0207","DOIUrl":"https://doi.org/10.1108/aea-06-2023-0207","url":null,"abstract":"Purpose This paper aims to deepen the understanding of the relationship between global economic uncertainty and price volatility, specifically focusing on commodity, industrial materials and energy price indices as proxies for global inflation, analyzing data from 1997 to 2020. Design/methodology/approach The dynamic conditional correlation generalized autoregressive conditional heteroscedasticity model is used to study the dynamic relationship between variables over a while. Findings The results demonstrated a positive relationship between commodity prices and the global economic policy uncertainty (GEPU). Except for 1999–2000 and 2006–2008, the results of the energy price index model were very similar to those of the commodity price index. A predominant positive relationship is observed focusing on the connection between GEPU and the industrial material price index. The results of the pairwise Granger causality reveal a unidirectional relationship between the GEPU – the Global Commodity Price Index – and the GEPU – the Global Industrial Material Price Index. However, there is bidirectional causality between the GEPU – the Global Energy Price Index. In sum, changes in price indices can be driven by GEPU as a political factor indicating unfavorable economic conditions. Originality/value This paper provides a deeper understanding of the role of global uncertainty in the global inflation process. It fills the gap in the literature by empirically investigating the dynamic movements of global uncertainty and the three most important groups of prices.","PeriodicalId":36191,"journal":{"name":"Applied Economic Analysis","volume":"65 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135221714","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

The impact of unanticipated wealth effects on consumption: evidence from Spanish panel data 意想不到的财富效应对消费的影响:来自西班牙面板数据的证据

3区经济学

Applied Economic Analysis Pub Date : 2023-10-31 DOI: 10.1108/aea-03-2023-0085

Antonio Cutanda, Juan Alberto Sanchis Llopis

引用次数: 0

Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study 非正式护理评估中支付意愿和接受意愿的决定因素。cuidass研究

3区经济学

Applied Economic Analysis Pub Date : 2023-10-13 DOI: 10.1108/aea-02-2023-0044

Juan Oliva, Luz María Peña Longobardo, Leticia García-Mochón, José María Abellán-Perpìñan, María del Mar García-Calvente

{"title":"Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study","authors":"Juan Oliva, Luz María Peña Longobardo, Leticia García-Mochón, José María Abellán-Perpìñan, María del Mar García-Calvente","doi":"10.1108/aea-02-2023-0044","DOIUrl":"https://doi.org/10.1108/aea-02-2023-0044","url":null,"abstract":"Purpose This paper aims to study the value of informal care (IC) time from the perspective of caregivers using two alternative contingent valuation tools – willingness to pay (WTP) and willingness to accept (WTA) – and to identify the variables that affect the stated values. Design/methodology/approach The authors used data from a multi-centre study of 610 adult caregivers conducted in two Spanish regions in 2013. The existence of “protest zeros” and “economic zeros” because of the severe budgetary constraints of the households was also considered. Two-part multivariate models were used to analyse the main factors that explained the declared values of WTA and WTP. Findings The average WTP and WTA were €3.12 and €5.98 per hour of care, respectively (€3.2 and €6.3 when estimated values for “protest zeros” and “economic zeros” were considered). Some explanatory variables of WTA and WTP are coincident (place of residence and intensity of care time), whereas other variables only help to explain WTP values (household and negative coping with caregiving) or WTA values (age and burden of care). Some nuances are also identified when comparing the results obtained without protest and economic zeros with the estimated values of these special zeros. Originality/value Studies analysing the determinants of WTP and WTA in IC settings are very scarce. This paper seeks to provide information to fill this gap. The results indicate that the variables that explain the value of IC from one perspective may differ from the variables that explain it from an alternative perspective. Given the relevance of contextual factors, studies on the topic should be expanded, and care should be taken with the extrapolation of results across countries and settings.","PeriodicalId":36191,"journal":{"name":"Applied Economic Analysis","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135804919","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Decomposition of value added in gross exports: a critical review 出口总额中增加值的分解:一个批判性的回顾

IF 2.3 3区经济学

Applied Economic Analysis Pub Date : 2023-08-28 DOI: 10.1108/aea-11-2022-0300

Enrique Feás

{"title":"Decomposition of value added in gross exports: a critical review","authors":"Enrique Feás","doi":"10.1108/aea-11-2022-0300","DOIUrl":"https://doi.org/10.1108/aea-11-2022-0300","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to settle the methodological debate on the decomposition of value added in gross exports, proposing a standard, exposing the drawbacks of the alternatives and quantifying the differences.\u0000\u0000\u0000Design/methodology/approach\u0000This paper systematizes the analytical framework and assesses and quantifies the various methodologies and its main differences.\u0000\u0000\u0000Findings\u0000The decomposition method of Borin and Mancini (2023), using a source-based approach and an exporting country perspective, should be considered as the standard for decomposing the value added in gross exports. This study finds that alternative approaches and perspectives are methodologically inferior, and that tailored perspectives do not provide an increase in accuracy that compensates their drawbacks.\u0000\u0000\u0000Originality/value\u0000This paper’s contribution is fourfold: it rejects the alleged equivalence between approaches and perspectives, defending the superiority of a particular method, approach and perspective; it gives quantitative examples of the differences between them; it proves that the drawbacks of tailored perspectives do not compensate their alleged accuracy (as they do not result in big quantitative differences with the standard perspective); and it argues that no valid standard decomposition can forego the calculation of value added exported, which requires the expression of exports in terms of final demand.\u0000","PeriodicalId":36191,"journal":{"name":"Applied Economic Analysis","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43825679","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Left behind in Covid times: the impact of the pandemic on job loss and job finding rates of vulnerable groups in Serbia Covid时代的落伍者:大流行对塞尔维亚弱势群体失业和就业率的影响

IF 2.3 3区经济学

Applied Economic Analysis Pub Date : 2023-08-22 DOI: 10.1108/aea-02-2023-0063

Marko Vladisavljević, Lara Lebedinski

{"title":"Left behind in Covid times: the impact of the pandemic on job loss and job finding rates of vulnerable groups in Serbia","authors":"Marko Vladisavljević, Lara Lebedinski","doi":"10.1108/aea-02-2023-0063","DOIUrl":"https://doi.org/10.1108/aea-02-2023-0063","url":null,"abstract":"\u0000Purpose\u0000This paper aims to analyse COVID-19’s effects on job loss and job finding rate in Serbia, focusing on groups with already low employment before the pandemic, such as youth, women, low-educated and rural areas.\u0000\u0000\u0000Design/methodology/approach\u0000The authors exploit the panel structure of the Labour Force Survey (LFS) data for Serbia to analyse if the impact of the pandemic on transition probabilities was different for vulnerable groups and their counterparts during the first year of the pandemic.\u0000\u0000\u0000Findings\u0000The results indicate that stagnation in overall employment growth in Serbia during the first year of the COVID-19 crisis resulted from decreases in new hiring rather than increases in job losses. However, trends differed for vulnerable groups. Young workers faced the highest increase in job losses, partly due to their higher shares in informal wage employment. In contrast, decreases in job finding rates were particularly high among low-educated and in rural areas.\u0000\u0000\u0000Practical implications\u0000After the first year of the COVID-19 pandemic, employment opportunities of vulnerable groups further deteriorated, and already existing labour market inequalities were exacerbated. These effects are partially due to policies implemented to mitigate the crisis, which focused on preserving permanent employment while leaving vulnerable workers and groups unprotected.\u0000\u0000\u0000Originality/value\u0000The authors investigate the annual effects of the first year of the pandemic in a country with a large informal sector and explore the role of vulnerable groups’ job characteristics in transition changes.\u0000","PeriodicalId":36191,"journal":{"name":"Applied Economic Analysis","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41872757","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Linguistic clustering and aggregate productive efficiency in Indonesia 印度尼西亚的语言聚类与总生产效率

IF 2.3 3区经济学

Applied Economic Analysis Pub Date : 2023-06-20 DOI: 10.1108/aea-04-2022-0124

Alexandre Repkine

{"title":"Linguistic clustering and aggregate productive efficiency in Indonesia","authors":"Alexandre Repkine","doi":"10.1108/aea-04-2022-0124","DOIUrl":"https://doi.org/10.1108/aea-04-2022-0124","url":null,"abstract":"\u0000Purpose\u0000The purpose of this study is to explore the link between aggregate production efficiency and the extent of linguistic clustering in Indonesia.\u0000\u0000\u0000Design/methodology/approach\u0000The author draws on the stochastic frontier model and applies it to the data on Indonesian provinces to compute the effects of various determinants on these provinces' aggregate production efficiency. The key determinant is the spatial index of linguistic clustering that the author believes has never been applied before in this context.\u0000\u0000\u0000Findings\u0000Linguistic clustering is an important determinant of aggregate production efficiency. Linguistic diversity is positively associated with productive efficiency if members of a specific linguistic group are not clustered beyond a certain level.\u0000\u0000\u0000Originality/value\u0000To the best of the author’s knowledge, this is the first study that links the spatial index of linguistic clustering (because of Massey and Danton) to production efficiency. In other words, the contribution of this study is to introduce a geographical dimension to the mainstream analysis of the association between ethnic diversity and economic performance.\u0000","PeriodicalId":36191,"journal":{"name":"Applied Economic Analysis","volume":"1 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41754249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Convergence in working conditions 工作条件趋同

IF 2.3 3区经济学

Applied Economic Analysis Pub Date : 2023-06-09 DOI: 10.1108/aea-10-2022-0259

J. Antón, R. Grande, R. Muñoz de Bustillo

{"title":"Convergence in working conditions","authors":"J. Antón, R. Grande, R. Muñoz de Bustillo","doi":"10.1108/aea-10-2022-0259","DOIUrl":"https://doi.org/10.1108/aea-10-2022-0259","url":null,"abstract":"\u0000Purpose\u0000This paper aims to explore the existence of convergence in non-monetary working conditions in Europe resorting to widely used definitions of this phenomenon and composite indexes of job quality.\u0000\u0000\u0000Design/methodology/approach\u0000The analysis relies on composite indexes, widely used in previous literature, for 207 regions in six different areas of job quality drawing on the microdata of the European Working Conditions Survey from 1995 to 2015. This study assesses the occurrence of convergence both in terms of dispersion of job quality outcomes (sigma-convergence) and, especially, regarding the existence of a catch-up process (beta-convergence).\u0000\u0000\u0000Findings\u0000This study finds evidence of both types of convergences in all the domains, with the exception of skills and discretion and prospects dimensions according to the sigma-convergence approach. The results do not suggest substantial differences between the 15 European Union countries before the 2004 enlargement and the new Member States and are robust to a wide range of changes in the sample and different econometric specifications.\u0000\u0000\u0000Originality/value\u0000Tot he best of the authors’ knowledge, this paper represents the first rigorous and systematic attempt of addressing the existence of convergence in non-monetary working conditions, applying formal and widely accepted definitions of this phenomenon. It contributes to our knowledge on this topic providing strong evidence of convergence in job quality. Those results can be of interest for scholars in Economics and other Social Sciences.\u0000","PeriodicalId":36191,"journal":{"name":"Applied Economic Analysis","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45131335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

A counterfactual analysis of the impact of the 2008 and 2020 crises on Spanish employment 对2008年和2020年危机对西班牙就业影响的反事实分析

3区经济学

Applied Economic Analysis Pub Date : 2023-04-03 DOI: 10.1108/aea-04-2022-0131

Miguel Jerez, Alejandra Montealegre-Luna, Alfredo Garcia-Hiernaux

{"title":"A counterfactual analysis of the impact of the 2008 and 2020 crises on Spanish employment","authors":"Miguel Jerez, Alejandra Montealegre-Luna, Alfredo Garcia-Hiernaux","doi":"10.1108/aea-04-2022-0131","DOIUrl":"https://doi.org/10.1108/aea-04-2022-0131","url":null,"abstract":"Purpose The purpose of this paper is to estimate the impact of the 2008 and 2020 economic crises on employment in Spain. Design/methodology/approach The authors perform a counterfactual analysis, combining intervention (interrupted time series) analysis and conditional forecasting to estimate a “crisis-free” scenario. These counterfactual estimates are used as a synthetic control, to be compared with the observed values of the main variables of the Spanish Labor Force Survey (EPA). Findings The authors measure the effect on Spanish employment of the 2008 recession and the ongoing COVID/Ukraine crisis and the speed of recovery, which yields a rigorous dating for the beginning and end of the crises studied. Finally, the authors provide estimates about which part of the employed and unemployed people was in furlough (ERTE) based on microdata provided by the Spanish Institute of Statistics. Originality/value To the best of the authors’ knowledge, there are no counterfactual studies covering all the basic variables in EPA and no estimates for the effect of ERTEs on the basic employment variables. Finally, the authors combine well-known intervention and forecasting techniques into an integrated framework to assess the effects of both, past and ongoing crises.","PeriodicalId":36191,"journal":{"name":"Applied Economic Analysis","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136328798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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