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An experiment on the stability of business environment perceptions in a firm survey 关于企业调查中商业环境认知稳定性的实验
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-09-10 DOI: 10.1111/ecot.12434
Asif M. Islam, Jorge Rodriguez Meza
{"title":"An experiment on the stability of business environment perceptions in a firm survey","authors":"Asif M. Islam,&nbsp;Jorge Rodriguez Meza","doi":"10.1111/ecot.12434","DOIUrl":"10.1111/ecot.12434","url":null,"abstract":"<p>Perception-based survey questions have been widely employed to evaluate the business environment. In the World Bank Enterprise Surveys, such questions involve rating an element of the business environment at the end of each section of the survey instrument. They often elicit responses inconsistent with similar questions based on the firm's experience over a specific timeframe. In this study, an experiment is analysed that randomizes the placement order of the perception-based questions either at the end of a section or at the beginning of the survey. Significant question-order effects are uncovered for perceptions of corruption (9%–13% point) and business licencing and permits (7%–8% point) but not the other elements after accounting for a variety of factors; there are no questions-order effects for experience-based questions. The study recommends that analyses in these two areas validate perception-based questions with corresponding experience-based questions. This adds to a larger literature that emphasizes the importance of data quality and its far-reaching economic benefits especially in guiding policy.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 2","pages":"305-337"},"PeriodicalIF":1.0,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142195644","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
Corporate basic research and technological capabilities: Evidence from China 企业基础研究和技术能力：来自中国的证据
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-09-09 DOI: 10.1111/ecot.12435
Xiaosheng Ju, Shengjun Jiang, Yuxuan Hu
{"title":"Corporate basic research and technological capabilities: Evidence from China","authors":"Xiaosheng Ju,&nbsp;Shengjun Jiang,&nbsp;Yuxuan Hu","doi":"10.1111/ecot.12435","DOIUrl":"https://doi.org/10.1111/ecot.12435","url":null,"abstract":"<p>We empirically examine the effects of basic research on the technological capabilities of Chinese A-share listed manufacturing firms. Using manually collected corporate publication data to measure basic research activities, our findings reveal that firms with higher quantities and quality of basic research tend to engage in innovation activities within their existing knowledge base. These firms explore a broader range of technological fields and demonstrate enhanced capabilities in utilizing and creating knowledge. They also exhibit higher levels of both quantity and quality in their innovation output, which remains stable over time. Moreover, firms with basic research maintain their technological advancement even after facing external sanctions from the U.S. Heterogeneous analysis reveals that the impacts of basic research are more pronounced in mature and larger firms. This study highlights the significance of basic research for corporate technological catch-up efforts in transitioning middle-income countries during the later stages of catch-up.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 2","pages":"275-304"},"PeriodicalIF":1.0,"publicationDate":"2024-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143595088","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
Can the improvements in human capital quality mitigate the negative impact of ageing on growth? Evidence from selected EU countries 人力资本质量的提高能否减轻老龄化对经济增长的负面影响？来自部分欧盟国家的证据
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-07-28 DOI: 10.1111/ecot.12430
Izabela Sobiech Pellegrini, Rafał Chmura, Jakub Sawulski, Tymoteusz Mętrak
{"title":"Can the improvements in human capital quality mitigate the negative impact of ageing on growth? Evidence from selected EU countries","authors":"Izabela Sobiech Pellegrini,&nbsp;Rafał Chmura,&nbsp;Jakub Sawulski,&nbsp;Tymoteusz Mętrak","doi":"10.1111/ecot.12430","DOIUrl":"10.1111/ecot.12430","url":null,"abstract":"<p>Most long-term GDP projections in developed countries expect a substantial decline in GDP growth rates over time. The main factor behind it is demographic changes, especially the decreasing working-age population. We argue that these projections do not consider improvements in the quality of the human capital, which may, at least to some extent, mitigate the effects of the negative demographic shock. We start with a simple observation—the skills of younger age cohorts are higher than of older cohorts. Assuming that the current level of skills will be obtained also by the generations which will enter the labour market in the future, the average level of skills among the working-age population will increase. Trying to catch this effect, we use the Programme for the International Assessment of Adult Competencies standardised test results to create an aggregate human capital measure, the average skill level of the work force, for 18 European Union countries and project it until 2040. We show that on average at least one sixth of the negative impact of the shrinking of the working-age population can be offset by the increase in the quality of human capital and that this number can increase to three quarters in a less conservative scenario.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 2","pages":"253-274"},"PeriodicalIF":1.0,"publicationDate":"2024-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141863451","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
Platform economy and missing entrepreneurship: Evidence from E-commerce development policy in China 平台经济与创业缺失：来自中国电子商务发展政策的证据
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-07-28 DOI: 10.1111/ecot.12429
Sitong Pan, Qinghua Shi, Yue Zhang
{"title":"Platform economy and missing entrepreneurship: Evidence from E-commerce development policy in China","authors":"Sitong Pan,&nbsp;Qinghua Shi,&nbsp;Yue Zhang","doi":"10.1111/ecot.12429","DOIUrl":"https://doi.org/10.1111/ecot.12429","url":null,"abstract":"<p>This paper utilises the staggered county-level rollout of China's E-commerce entering villages policy to examine the effect of policy-driven platform economy development on local entrepreneurship. Exploiting county-level variations in yearly new business registration with a difference-in-differences strategy, we find that policy-driven platform economy development decreased the number of new business registrations and business entry rates by approximately 4.6% and 0.6%, respectively. The reduction effect is more prominent in business registration in micro-small scale, tertiary industries, eastern regions, and rural areas. Microfinance plays a positive role in this association. Mechanism analysis shows that the platform-driven supply chain transformation could rule out entrepreneurial opportunities, and the platform-enabled gig work opportunities could weaken entrepreneurial motivation. Loss of entrepreneurial opportunities and motivation leads to less entrepreneurship.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 2","pages":"209-251"},"PeriodicalIF":1.0,"publicationDate":"2024-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143595685","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
Impact of economic crises on corporate-banking relationship: Evidence from Korea 经济危机对企业银行业务关系的影响：韩国的证据
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-07-24 DOI: 10.1111/ecot.12428
Dongwoo Kim, Hoon Jung
{"title":"Impact of economic crises on corporate-banking relationship: Evidence from Korea","authors":"Dongwoo Kim,&nbsp;Hoon Jung","doi":"10.1111/ecot.12428","DOIUrl":"10.1111/ecot.12428","url":null,"abstract":"<p>This study tries to identify the impact of recent economic turmoil including the COVID-19 pandemic and global financial crisis on a corporation's banking relationships. Using a wide range of unique data from 2008 to 2020 in the Korean loan market, this study compares the two crises periods to the ordinary periods. It is found that the effects of firm-specific factors on banking relationships are strengthened (for loan amount) or weakened (for corporate size and credit rating) during the two crises. However, for the industrial sector a firm belongs to, the interaction effects of the crises show opposite signs.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 1","pages":"195-205"},"PeriodicalIF":1.0,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141779043","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
The dynamics of product and labour market power: Evidence from Lithuania 产品和劳动力市场力量的动态：立陶宛的证据
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-06-29 DOI: 10.1111/ecot.12427
Ziran Ding, Jose Garcia-Louzao, Valentin Jouvanceau
{"title":"The dynamics of product and labour market power: Evidence from Lithuania","authors":"Ziran Ding,&nbsp;Jose Garcia-Louzao,&nbsp;Valentin Jouvanceau","doi":"10.1111/ecot.12427","DOIUrl":"10.1111/ecot.12427","url":null,"abstract":"<p>This paper characterizes the power dynamics of firms in product and labour markets in Lithuania between 2004 and 2018. We first show that both markets are not perfectly competitive, as both price markups and wage markdowns are far from unitary and homogeneous. We show that the dynamics of these margins followed different patterns. On the one hand, dispersion and the economy-wide markup have increased, suggesting an increase in product market power. On the other hand, we document a decline in monopsony power, as heterogeneity and the aggregate markdown have declined. Altogether, our results underscore the importance of jointly analyzing product and labour markets when assessing firms' market power.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 1","pages":"165-194"},"PeriodicalIF":1.0,"publicationDate":"2024-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141506092","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
Intellectual property protection, infringement disputes, and, corporate innovation investment persistence 知识产权保护、侵权纠纷与企业创新投资的持久性
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-05-24 DOI: 10.1111/ecot.12419
Hongxing Peng, Xinshu Mao, Jun Zhang
{"title":"Intellectual property protection, infringement disputes, and, corporate innovation investment persistence","authors":"Hongxing Peng,&nbsp;Xinshu Mao,&nbsp;Jun Zhang","doi":"10.1111/ecot.12419","DOIUrl":"10.1111/ecot.12419","url":null,"abstract":"<p>To examine the important role of regional intellectual property (IP) protection, we empirically check the impact of infringement disputes on corporate innovation investment persistence. We document that IP protection enforcement can significantly and negatively mitigate the infringer's innovation investment persistence but positively enhance that of the infringed firm. This effect is more pronounced for non-high-tech or non-state-owned firms. Moreover, IP protection mainly reshapes a firm's perceptions of innovation investment persistence through the efficiency and fairness of law enforcement. Our findings provide insights into optimizing the IP protection environment, especially for emerging economies.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 1","pages":"61-84"},"PeriodicalIF":1.0,"publicationDate":"2024-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141153844","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
Firms' sustainable and responsible innovation in Nigeria: Does informality play a role? 尼日利亚企业的可持续和负责任创新：非正规性是否发挥作用？
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-05-22 DOI: 10.1111/ecot.12426
Farid Gasmi, Dorgyles C. M. Kouakou, Maruf Sanni
{"title":"Firms' sustainable and responsible innovation in Nigeria: Does informality play a role?","authors":"Farid Gasmi,&nbsp;Dorgyles C. M. Kouakou,&nbsp;Maruf Sanni","doi":"10.1111/ecot.12426","DOIUrl":"10.1111/ecot.12426","url":null,"abstract":"<p>At the turn of the millennium, developing countries face a twofold challenge. First, for reasons related to both intra- and inter-generational justice, these countries need to follow sustainable development pathways. Second, they need to understand the deep principles underpinning informality, which is by now recognized as a structuring phenomenon of their economies. This paper sheds light on the relationship between these two goals by investigating how a Nigerian firm being formal versus informal affects its sustainable and responsible innovation (S&amp;RI) activity. Using the entropy balancing methodology to analyze a novel database extracted from the Nigerian Business Innovation Surveys, we find that registered Nigerian firms engage in S&amp;RI much more than those that are not. This suggests that, from the perspective of sustainable development, there should be no hiatus between recognizing the important role of the informal sector in the economy and promoting policies that give firms incentives to exit from it. By encouraging the registration of firms operating informally, these policies should help Nigeria in its transition to a sustainable market economy.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 1","pages":"139-164"},"PeriodicalIF":1.0,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141108312","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
Bilateral political ties and the stability of services exports 双边政治关系与服务出口的稳定性
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-05-21 DOI: 10.1111/ecot.12420
Hua Zhou, Lun Yang, Yijia Wang, Jiachen Fan
{"title":"Bilateral political ties and the stability of services exports","authors":"Hua Zhou,&nbsp;Lun Yang,&nbsp;Yijia Wang,&nbsp;Jiachen Fan","doi":"10.1111/ecot.12420","DOIUrl":"10.1111/ecot.12420","url":null,"abstract":"<p>This study examines the effect of bilateral political ties on the stability of service exports. The results show that the deterioration of political ties can decrease the stability of service exports by strengthening non-tariff barriers and weakening immigration networks. A decrease in voting similarity among trading partners in the United Nations General Assembly corresponds to heightened instability in service exports. In particular, political ties have a more pronounced impact on the stability of tourism service exports than on other services. Developing countries, in contrast to developed countries, should pay particular attention to the impact of political ties on the stability of service exports. Moreover, improvements in technological advantages and Internet openness in exporting countries can weaken the impact of political ties.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 1","pages":"85-113"},"PeriodicalIF":1.0,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141116606","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
Judicial institutional design and corporate litigation: Evidence from a natural experiment in China 司法制度设计与公司诉讼：来自中国自然实验的证据
IF 1 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2024-05-21 DOI: 10.1111/ecot.12421
Shengfeng Lu, Hui Tian, Yan Zhao, Yukun Sun
{"title":"Judicial institutional design and corporate litigation: Evidence from a natural experiment in China","authors":"Shengfeng Lu,&nbsp;Hui Tian,&nbsp;Yan Zhao,&nbsp;Yukun Sun","doi":"10.1111/ecot.12421","DOIUrl":"10.1111/ecot.12421","url":null,"abstract":"<p>The judicial institutions of a country impact corporate litigation. From 2003 to 2010, China allowed the appointed secretaries of the Committee of Political and Legislative Affairs to hold concurrent administrative roles (CAR) as directors of the Police Departments in their respective provinces. Such a policy provides a natural experiment on the change of the judicial environment. In this paper, we employ a Staggered Difference-in-Differences method to study the effect of changes in judicial institution on corporate litigation using data on publicly traded corporations from 1998 to 2010. We find corporations engage in fewer corporate litigations during the time period of China's CAR policy (i.e., when judicial justice was likely weaker). Further analysis shows that the probability of winning lawsuits increases for non-state-owned enterprises. Mechanism analysis shows that the CAR policy heightens the uncertainty of economic policies by changing companies' perceptions of the status of political and legal institutions in the judicial system, thereby reducing corporate judicial participation.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"33 1","pages":"115-138"},"PeriodicalIF":1.0,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141114279","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
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