Journal of Economic Asymmetries最新文献_第3页

The role of circular economy in EU entrepreneurship: A deep learning experiment 循环经济在欧盟创业中的作用：深度学习实验

Journal of Economic Asymmetries Pub Date : 2024-06-17 DOI: 10.1016/j.jeca.2024.e00372

Giovanna Morelli , Cesare Pozzi , Antonia Rosa Gurrieri , Marco Mele , Alberto Costantiello , Cosimo Magazzino

{"title":"The role of circular economy in EU entrepreneurship: A deep learning experiment","authors":"Giovanna Morelli , Cesare Pozzi , Antonia Rosa Gurrieri , Marco Mele , Alberto Costantiello , Cosimo Magazzino","doi":"10.1016/j.jeca.2024.e00372","DOIUrl":"https://doi.org/10.1016/j.jeca.2024.e00372","url":null,"abstract":"<div><p>Fostering innovation is one of the key roles of the Circular Economy (CE) that applies also to European Union (EU) firms, because entrepreneurs are persistently seeking new ways and means to create values, contributing with significant market opportunities, and depicting large potential for EU sustainable growth. This study explores the effects of firms’ investments in using highly disruptive technologies in the energy sector on the Eurozone (EU-27) in the last two decades (1990–2019). An Artificial Neural Networks (ANNs) experiment through a Deep Learning (DL) approach is implemented to test this hypothesis. The empirical findings show that investments in highly disruptive technologies, especially by large digitally qualified companies, boost economic growth. They are also a crucial driver of digitalization not only because they enhance a wide strategic change implying a radical innovation in business models, but they completely transform markets, from energy to food production, water resources, pollution, connectivity, and plastic waste. These expected benefits represent a possible policy measure to offset the decline in global activity due to the impact of the Russia-Ukraine war on global energy markets. In addition, a positive association between trade and output is confirmed. Finally, promising policy actions are discussed.</p></div>","PeriodicalId":38259,"journal":{"name":"Journal of Economic Asymmetries","volume":"30 ","pages":"Article e00372"},"PeriodicalIF":0.0,"publicationDate":"2024-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141424019","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

Are renewable energy resources, oil price, and trade openness helping France achieve its environmental targets? Evidence from an asymmetric analysis 可再生能源、石油价格和贸易开放是否有助于法国实现其环境目标？不对称分析的证据

Journal of Economic Asymmetries Pub Date : 2024-06-15 DOI: 10.1016/j.jeca.2024.e00371

Emna Omri , Haifa Saadaoui , Damien Bazin

{"title":"Are renewable energy resources, oil price, and trade openness helping France achieve its environmental targets? Evidence from an asymmetric analysis","authors":"Emna Omri , Haifa Saadaoui , Damien Bazin","doi":"10.1016/j.jeca.2024.e00371","DOIUrl":"https://doi.org/10.1016/j.jeca.2024.e00371","url":null,"abstract":"<div><p>The purpose of the present investigation is to scrutinize the impacts of green energy technologies, trade, the per capita income, and oil price on the carbon dioxide emissions and ecological footprint in France over the 1980/2022 period. Therefore, to achieve this objective, the Non-linear Autoregressive Distributed Lag (NARDL) approach is employed.</p><p>In fact, the obtained results showed that renewable energy is a contributor to the improvement of the French environment. In fact, a positive shock to renewable energy alleviates both the CO<sub>2</sub> emissions and the ecological footprint. Moreover, an upsurge in oil prices reduces the CO<sub>2</sub> emissions while their reduction enhances the ecological footprint. On the other hand, trade is proven to have a negative effect on the environmental damage. Furthermore, a positive variation in the GDP per capita exerts a positive upshot on the CO<sub>2</sub> emissions and ecological footprint, in the long run, whereas, a negative shock to the GDP per capita has a negative impact on the carbon dioxide emissions. Finally, a robustness check analysis is added using quantile regression (QR) in order to explore the effects of positive and negative variations of the different explanatory variables.</p><p>In fact, referring to these results, some strategic directions are proposed in order to decarbonize the French economy. Therefore, diversifying the electricity mix by introducing more renewable energies should be a priority. On the other hand, in order to avoid an increase of the State's energy bill in the event of an increase of the oil prices, it is important to reduce oil imports by increasing energy production from renewable sources such as hydraulic, solar, and wind energies.</p></div>","PeriodicalId":38259,"journal":{"name":"Journal of Economic Asymmetries","volume":"30 ","pages":"Article e00371"},"PeriodicalIF":0.0,"publicationDate":"2024-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141328454","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

Asymmetries in the interest rate channel in inflation-targeting Latin American countries 以通胀为目标的拉丁美洲国家利率渠道的不对称性

Journal of Economic Asymmetries Pub Date : 2024-06-05 DOI: 10.1016/j.jeca.2024.e00370

Jorge David Quintero Otero , Leopoldo Gómez-Ramírez , Luis Eduardo Otero Restrepo

{"title":"Asymmetries in the interest rate channel in inflation-targeting Latin American countries","authors":"Jorge David Quintero Otero , Leopoldo Gómez-Ramírez , Luis Eduardo Otero Restrepo","doi":"10.1016/j.jeca.2024.e00370","DOIUrl":"https://doi.org/10.1016/j.jeca.2024.e00370","url":null,"abstract":"<div><p>This paper presents, first, a theoretical model that, by highlighting that commercial banks with market power are able to positively pass on to their clients variations in their costs and, furthermore, that the strength with which they can do so is in turn asymmetrically related to the elasticity of the demand for loans exhibited by those clients, explains the asymmetric empirical findings shortly described. Secondly, it empirically investigates the pass-through of monetary policy rates (MPR) changes into the consumer and commercial loans interest rates set by commercial banks in four Latin American countries with inflation targeting (IT) schemes, namely (in alphabetic order) Brazil, Chile, Colombia, and Peru, over a homogeneous period. To do so, it estimates Non-Linear Auto-Regressive Distributed Lag (NARDL) models for each country. Then, we find two types of important asymmetric responses in the interest rate channel of IT monetary policy. The first is that the long-run response of the consumer loans interest rates following increases in the MPR is greater than that of the commercial loans interest rates. The second is that, in general, when the demand is relatively more elastic (as in the case of commercial loans) then the banks interest rates tend to exhibit a greater response when the central bank lowers the MPR than when it raises it.</p></div>","PeriodicalId":38259,"journal":{"name":"Journal of Economic Asymmetries","volume":"30 ","pages":"Article e00370"},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1703494924000197/pdfft?md5=2544e1947cc7a5de9c9ceec8dfe85b5d&pid=1-s2.0-S1703494924000197-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141250033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Asymmetric effects between economic development and fertility: What do 140 years of data tell us? 经济发展与生育率之间的不对称效应：140 年的数据告诉我们什么？

Journal of Economic Asymmetries Pub Date : 2024-06-03 DOI: 10.1016/j.jeca.2024.e00368

Georgios Bampinas , Georgios Mavropoulos

{"title":"Asymmetric effects between economic development and fertility: What do 140 years of data tell us?","authors":"Georgios Bampinas , Georgios Mavropoulos","doi":"10.1016/j.jeca.2024.e00368","DOIUrl":"https://doi.org/10.1016/j.jeca.2024.e00368","url":null,"abstract":"<div><p>This study investigates the historical nexus between economic development and fertility in eight highly advanced European economies between 1870 and 2014. We employ the method of moments quantile regression (MMQR), which enables us to examine the impact of the different levels of economic development on fertility. We also consider the role of mortality and marriage to gain a more comprehensive view of the relationship. Our results from the linear and panel quantile models suggest an inverse J-shaped pattern between economic development and fertility. However, the inverse J-shape vanishes when time effects are considered in the quantile regression model, while the impact of mortality and marriage on fertility is reinforced. To further elaborate our findings, we also employ a nonparametric panel estimation method with time-varying coefficients. Our results also suggest that periods characterized by a positive economic development effect on fertility rarely coincide with an upward movement in the observed fertility trajectory. We infer that economic development <em>per se</em> did not drive either the historical baby-boom period or the recent fertility rebound.</p></div>","PeriodicalId":38259,"journal":{"name":"Journal of Economic Asymmetries","volume":"30 ","pages":"Article e00368"},"PeriodicalIF":0.0,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141240040","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

The student funding dilemma 学生资助困境

Journal of Economic Asymmetries Pub Date : 2024-05-28 DOI: 10.1016/j.jeca.2024.e00369

Giuseppe Pernagallo

引用次数: 0

Connectedness between conventional and organic milk prices in the USA 美国传统牛奶和有机牛奶价格之间的关联性

Journal of Economic Asymmetries Pub Date : 2024-05-17 DOI: 10.1016/j.jeca.2024.e00367

Panos Fousekis

引用次数: 0

Balance sheet expansionary policies in the euro area: Macroeconomic impacts and a vulnerable versus non-vulnerable comparison 欧元区的资产负债表扩张政策：宏观经济影响以及脆弱与非脆弱的比较

Journal of Economic Asymmetries Pub Date : 2024-05-15 DOI: 10.1016/j.jeca.2024.e00366

Francisco Gomes-Pereira

引用次数: 0

Exploring inflation dynamics in Canada: A threshold vector autoregressive approach 探索加拿大的通货膨胀动态：阈值向量自回归方法

Journal of Economic Asymmetries Pub Date : 2024-05-11 DOI: 10.1016/j.jeca.2024.e00364

Yiguo Sun , Anastasia Dimiski

引用次数: 0

Price linkages in major EU virgin olive oil markets 欧盟主要初榨橄榄油市场的价格联系

Journal of Economic Asymmetries Pub Date : 2024-05-03 DOI: 10.1016/j.jeca.2024.e00360

Pamela Theofanous , Ourania Tremma

引用次数: 0

Asymmetric effects of uncertainty on investment: Empirical evidence from India 不确定性对投资的不对称影响：印度的经验证据

Journal of Economic Asymmetries Pub Date : 2024-04-23 DOI: 10.1016/j.jeca.2024.e00359

Masudul Hasan Adil , Amrita Roy

引用次数: 0