Economics of Transition and Institutional Change最新文献_第3页

Making depositors greedy and careless: Government safety nets and the degradation of depositor discipline 使储户变得贪婪和粗心：政府安全网与储户纪律的退化

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2024-01-18 DOI: 10.1111/ecot.12409

Giang Phung, Michael Troege

引用次数: 0

It's all in the stars: The Chinese zodiac and the effects of parental investments on offspring's cognitive and noncognitive skill development 一切尽在星辰：生肖与父母投资对后代认知和非认知技能发展的影响

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2024-01-17 DOI: 10.1111/ecot.12405

Chih Ming Tan, Xiao Wang, Xiaobo Zhang

引用次数: 0

Sick pay and absence from work: Evidence from flu exposure 病假工资与缺勤：流感暴露的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2024-01-09 DOI: 10.1111/ecot.12404

Jakub Grossmann

{"title":"Sick pay and absence from work: Evidence from flu exposure","authors":"Jakub Grossmann","doi":"10.1111/ecot.12404","DOIUrl":"10.1111/ecot.12404","url":null,"abstract":"Sick pay systems are critical in balancing the economic and health costs of infectious diseases, especially in workplaces, where uncontrolled disease spread can lead to significant economic losses. Surprisingly, most research on sick-pay reforms does not rely on variation in worker exposure to disease when investigating absences from work. This paper studies the effects of exposure to influenza outbreaks on absences from work when a nation-wide policy canceled health-insurance coverage for the first 3 days of illness. We explore geographic variation in the prevalence of infectious diseases, primarily the seasonal flu, to identify corresponding variations in the need for sickness insurance. Estimates based on the Czech Structure of Earnings Survey imply that when sickness insurance was canceled for the first 3 days of an illness, the total hours of work missed were not affected, but employees relied on paid and unpaid leave instead of sick-leave to stay home. The substitution effects are heterogeneous across occupations and socio-demographic characteristics of employees, and suggest that workers did not increase the spread of infectious illness in workplaces due to a lack of insurance coverage for the first 3 days of an illness.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 3","pages":"845-875"},"PeriodicalIF":0.9,"publicationDate":"2024-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12404","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139408089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Export product quality and inclusivity in developing countries 发展中国家出口产品质量和包容性

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2024-01-08 DOI: 10.1111/ecot.12406

Sèna Kimm Gnangnon

引用次数: 0

Financial inclusion and monetary policy effectiveness in a monetary union: Heterogenous panel approach 货币联盟中的金融包容性和货币政策有效性：异质性面板方法

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2024-01-03 DOI: 10.1111/ecot.12402

Jeleta Kebede, Saroja Selvanathan, Athula Naranpanawa

{"title":"Financial inclusion and monetary policy effectiveness in a monetary union: Heterogenous panel approach","authors":"Jeleta Kebede, Saroja Selvanathan, Athula Naranpanawa","doi":"10.1111/ecot.12402","DOIUrl":"10.1111/ecot.12402","url":null,"abstract":"We examine the nexus between financial inclusion and inflation targeting monetary policy effectiveness in West African Economic and Monetary Union countries by employing a heterogenous panel approach that enables us to delineate the responses to policy innovations related to idiosyncratic country-specific shocks, common shocks, and composite shocks. We find that these shocks significantly affect inflation and financial inclusion but with varying magnitudes, signs, time of responses, and persistence. We further demonstrate that inflation targeting monetary policy is differently associated with the various dimensions and indicators of financial inclusion. Overall financial inclusion shocks temporarily increase inflation; deposit shocks reduce inflation; and credit shocks increase inflation. Central bank policy rate differently responds across time horizon to overall financial inclusion shocks; and it increases due to credit shocks highlighting that the monetary authority responds to credit shocks by implementing contractionary monetary policy. Our results highlight that monetary policy aimed at promoting inclusive financial services and responses of monetary policy to financial inclusion should be specific to the dimensions of financial inclusion.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 3","pages":"779-805"},"PeriodicalIF":0.9,"publicationDate":"2024-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12402","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139372917","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Sophistication gap between countries: The effect of research and development expenditure 国家之间的先进性差距：研发支出的影响

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2023-10-31 DOI: 10.1111/ecot.12400

Brice Kamguia, Joseph Keneck-Massil, Henri Njangang, Sosson Tadadjeu

{"title":"Sophistication gap between countries: The effect of research and development expenditure","authors":"Brice Kamguia, Joseph Keneck-Massil, Henri Njangang, Sosson Tadadjeu","doi":"10.1111/ecot.12400","DOIUrl":"10.1111/ecot.12400","url":null,"abstract":"A recent strand of the literature suggests that economic sophistication is a strong predictor of economic development. Given that this branch of literature is relatively young, the determinants of economic sophistication have not yet been fully explored. This study contributes to this literature by examining the effect of research and development (R&D) investments on economic complexity. By applying a dynamic panel model to a panel of 67 countries, the following results are established: First, the results showed that research and development investments are associated with greater economic complexity. Second, when analyzing R&D by sector, the results highlight the importance of research spending by higher education, business, public sector and private non-profit sector in improving economic complexity. In the same vein, investments in different R&D activities, including basic research, applied research and experimental research, increase economic complexity. In addition, we provided evidence that R&D spending in several fields, including medicine, engineering, natural sciences, social sciences and arts, also increases economic complexity. Third, we further analyze the heterogeneity of the results, highlighting the role of natural resource endowment and income level. However, investments in research and development remain associated with higher levels of economic complexity in resource-poor countries in contrast to resource-rich countries, where they have no effect. Based on these results, policy implications were discussed.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 3","pages":"739-778"},"PeriodicalIF":0.9,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135813994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

Do zombie firms affect healthy firms' exporting? Evidence from China 僵尸企业会影响健康企业的出口吗？来自中国的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2023-10-30 DOI: 10.1111/ecot.12395

Jing Bu, Julan Du, Jiancai Pi

引用次数: 0

Time preference and economic growth: The case for China and international comparisons 时间偏好与经济增长：中国案例与国际比较

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2023-10-28 DOI: 10.1111/ecot.12401

Lixin Sun

{"title":"Time preference and economic growth: The case for China and international comparisons","authors":"Lixin Sun","doi":"10.1111/ecot.12401","DOIUrl":"10.1111/ecot.12401","url":null,"abstract":"In this paper, first, we measure Chinese time preferences as a whole and by region based on the Euler equation under an assumption of rational expectation. The calculating results show that the rates of Chinese time preference are markedly low for most hypothetical risk attitudes over the concerning period, and there exists heterogeneity in time preferences across regions in China. Second, compared with the estimates for other advanced and emerging countries under the same assumptions and same methodology, the rates of Chinese time preference are the lowest for any given risk preference, suggesting that Chinese are more patient during the time of our examinations. Third, our measured time preferences are powerful in predicting China's high saving rates and rapid growth rates of gross domestic product. In addition, the differences in economic growth rates between China and other sample countries can be partially explained by the differences of estimated cross-countries time preferences within our sample period. Fourth, we investigate the additional factors that affect the Chinese time preferences. Our study provides insights on the regional and international differences in economic growth rates and other economic outcomes.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 2","pages":"683-704"},"PeriodicalIF":0.9,"publicationDate":"2023-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136158431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

Zombie firms, misallocation and manufacturing capacity utilization rate: Evidence from China 僵尸企业、配置不当和制造业产能利用率：来自中国的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2023-10-27 DOI: 10.1111/ecot.12398

Qilin Mao, Jiayun Xu

{"title":"Zombie firms, misallocation and manufacturing capacity utilization rate: Evidence from China","authors":"Qilin Mao, Jiayun Xu","doi":"10.1111/ecot.12398","DOIUrl":"10.1111/ecot.12398","url":null,"abstract":"This paper investigates the effects of zombie firms on Chinese manufacturing capacity utilization rate (CUR hereafter) from the perspectives of both the intra-industry and supply chain propagation. The results show that zombie firms not only significantly reduce the CUR of healthy firms in the same industry, but also inhibit the increase of CUR through the supply chain propagation. Specifically, if the supply chain propagation effect is not considered, the inhibitory effect of intra-industry zombie firms on the healthy firms' CUR would be overestimated on one hand, and the overall inhibitory effect of zombie firms on CUR would be underestimated on the other hand. The heterogeneity analysis demonstrates that the inhibitory effect of zombie firms on CUR is more pronounced for private firms, the firms in the industries with higher external financing dependence and the firms in the areas with a poorer institutional environment. In addition, this paper further studies the relationship among zombie firms, resource misallocation and the manufacturing aggregate CUR at the industry level, and finds that both intra-industry and upstream (downstream) zombie firms have significant inhibitory effects on the growth of manufacturing aggregate CUR. However, there are differences in the ways of influence that, specifically, the upstream (downstream) zombie firms inhibit manufacturing aggregate CUR growth mainly through the within-firm effect, while the intra-industry zombie firms are more likely to restrain manufacturing aggregate CUR growth through resource misallocation. Our study contributes to a profound understanding of the causes of overcapacity in a large transition economy and also expands the research perspective of assessing the economic effects of zombie firms.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 2","pages":"641-682"},"PeriodicalIF":0.9,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136234302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

Killing two birds with one stone? Sound investment with social impact 一石二鸟？具有社会影响的稳健投资

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2023-10-26 DOI: 10.1111/ecot.12399

Tea Gamtkitsulashvili, Alexander Plekhanov, Alexander Stepanov

引用次数: 0