Economics of Transition and Institutional Change最新文献_第8页

Financial frictions, bank intermediation and monetary policy transmission in India 印度的金融摩擦、银行中介和货币政策传导

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2023-01-16 DOI: 10.1111/ecot.12355

Shesadri Banerjee, Harendra Behera

引用次数: 0

Why did Chinese state-owned enterprises have higher export propensity? A study based on 2003–2007 data 为什么中国国有企业有较高的出口倾向?一项基于2003-2007年数据的研究

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-12-27 DOI: 10.1111/ecot.12353

Wei Luo, Yue Lu, Huimin Shi

引用次数: 0

Revenue pressure of local governments and firm productivity: Evidence from a natural experiment in China 地方政府收入压力与企业生产率:来自中国自然实验的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-12-24 DOI: 10.1111/ecot.12352

Ling Zhu, Dongmin Kong

引用次数: 5

The income loss of a political crisis: Evidence from Madagascar 政治危机造成的收入损失：来自马达加斯加的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-12-21 DOI: 10.1111/ecot.12354

Idriss Fontaine, Justinien Razafindravaosolonirina

{"title":"The income loss of a political crisis: Evidence from Madagascar","authors":"Idriss Fontaine, Justinien Razafindravaosolonirina","doi":"10.1111/ecot.12354","DOIUrl":"10.1111/ecot.12354","url":null,"abstract":"Since the late 1950s, Madagascar has experienced four constitutional changes and four crises of a political nature. In the present paper, we assess the economic effects of the 2009 Malagasy political crisis, which stands out from the three previous crises because of its suddenness and its duration. For this purpose, we use the synthetic control method, which involves determining the most credible counterfactual for the Malagasy economy from a subset of optimally weighted untreated countries. This empirical approach clearly shows that the output loss of this crisis is sizable, leading to a per capita income loss of around 25% 8 years after the start of the crisis. Sensitivity analyses applied to verify the robustness of our main result confirm that the effect of the 2009 Malagasy political crisis was unusually large. We then conduct an in-depth analysis to understand the main mechanisms that explain this output loss. We confirm that investments are probably the main determinants explaining the output loss after the crisis. We believe that our approach reveals that political instability is one of the main constraints preventing Madagascar from prospering.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 3","pages":"657-681"},"PeriodicalIF":0.9,"publicationDate":"2022-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47308292","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

Rainfall fluctuations and rural poverty: Evidence from Chinese county-level data 降雨波动与农村贫困:来自中国县级数据的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-12-15 DOI: 10.1111/ecot.12351

Litao Feng, Wei Liu, Zhihui Zhao, Yining Wang

引用次数: 0

Investment and the long swings of unemployment 投资和失业率的长期波动

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-11-29 DOI: 10.1111/ecot.12350

Hian Teck Hoon, Margarita Katsimi, Gylfi Zoega

引用次数: 0

The impact of dismantling state monopoly on market integration: Evidence from the edible salt reform in China 解除国家垄断对市场一体化的影响——来自中国食用盐改革的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-11-26 DOI: 10.1111/ecot.12349

Xinyu Hou, Puyang Sun

{"title":"The impact of dismantling state monopoly on market integration: Evidence from the edible salt reform in China","authors":"Xinyu Hou, Puyang Sun","doi":"10.1111/ecot.12349","DOIUrl":"10.1111/ecot.12349","url":null,"abstract":"State monopoly hinders market integration through rising interregional trade barriers. This article provides an account of the market reform on dismantling state monopoly as a natural experiment to investigate the extent to which the reform affects domestic market integration. The state monopoly on China's edible salt market was dismantled by implementing a market reform on the first of January 2017 that terminated the 2000-year state monopoly on edible salt. Using a set of unique retailing price datasets on edible salt across cities over 10-day periods every month, we take advantage of the regional and temporal variances of edible salt retailing price between origins of production and other cities to demonstrate market integration nationwide in China. The regression discontinuity estimation is leveraged based on an apparently sharp discontinuity in inter-city price differences. The results suggest that the dissolution of state monopoly on edible salt market leads to a 3.14 percent decrease in price differences of edible salt between origins and other cities, thus ultimately resulting in the promoted market integration. The results also suggest that the varied iodine contents in edible salt, the market power of state-owned enterprises and the government-firm relationships exert promising roles in the influence.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 3","pages":"589-609"},"PeriodicalIF":0.9,"publicationDate":"2022-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46636777","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

Public governance and firm total factor productivity: Evidence from a quasi-natural event in China 公共治理与企业全要素生产率:来自中国准自然事件的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-11-23 DOI: 10.1111/ecot.12348

Maoyong Cheng, Zhenjun Li

引用次数: 0

Political uncertainty and foreign direct investment—Evidence from the government official vacancy in China's cities 政治不确定性与外国直接投资——来自中国城市政府官员空缺的证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-09-18 DOI: 10.1111/ecot.12347

Maoyong Cheng, Yutong Yao, Yu Meng

{"title":"Political uncertainty and foreign direct investment—Evidence from the government official vacancy in China's cities","authors":"Maoyong Cheng, Yutong Yao, Yu Meng","doi":"10.1111/ecot.12347","DOIUrl":"10.1111/ecot.12347","url":null,"abstract":"This study focuses on a new political uncertainty phenomenon, that is, the government official vacancy, and examines its effects on foreign direct investment in China's cities. Using hand-collected data about the vacancies of the municipal party secretary in China from 2003 to 2018, we find that the government official vacancy reduces foreign direct investment. A one unit (month) increase in the government official vacancy leads to a −2.225% decrease in foreign direct investment. Second, we show three possible channels through which the government official vacancy reduces foreign direct investment: reducing government efficiency, increasing economic policy uncertainty and increasing corruption. Finally, our results show that the effects of government official vacancies on foreign direct investment are stronger in cities with a strong media environment, cities with a low level of innovation and entrepreneurship and cities in the middle region of China. Our main results pass a series of robustness tests. Overall, our research offers novel evidence that political uncertainty has a negative impact on foreign direct investment.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 3","pages":"527-559"},"PeriodicalIF":0.9,"publicationDate":"2022-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42094683","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: 1

Do terms of trade affect economic growth? Robust evidence from India 贸易条件会影响经济增长吗?来自印度的有力证据

IF 0.9 4区经济学

Economics of Transition and Institutional Change Pub Date : 2022-09-05 DOI: 10.1111/ecot.12339

Tarlok Singh

{"title":"Do terms of trade affect economic growth? Robust evidence from India","authors":"Tarlok Singh","doi":"10.1111/ecot.12339","DOIUrl":"10.1111/ecot.12339","url":null,"abstract":"This study extends the previous empirics and conducts a comprehensive analysis of the effects of terms of trade (TOT) on economic growth in the large and emerging market economy, India, which experienced tremendous transformation from a persistently low-growth economy in the 1950s–1970s to a moderate-growth economy in the 1980s and then to a high-growth economy, following the onset of inclusive economic reforms from the beginning 1990s. The TOT remained unfavourable during the 1950s, witnessed boom during the mid-1960s to the mid-1970s, showed sharp downturn during the mid-1970s to the mid-1980s, and then displayed deteriorations again from the late 1990s to 2017–2018. The model estimated in one-regime setting with no structural break and in a sample-split setting with multiple structural breaks—over both “long” and “short” time periods—supports the presence of cointegration among variables and suggests the positive and significant long-run effects of TOT on economic growth. The diversification of trade, the continual improvements in the quality of export products, and the development of high value-added industries are essentially crucial to induce long-term improvements in TOT. The improvements in TOT need to be accompanied by the development of financial sector, expansion of external trade, and acceleration of domestic investment.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"491-521"},"PeriodicalIF":0.9,"publicationDate":"2022-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12339","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42669911","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: 3