JOURNAL OF QUANTITATIVE ECONOMICS最新文献

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Impact of Industrial BOTS on Employment, Skilled–Unskilled Wage Disparities and Talent Gap 工业 BOTS 对就业、技术-非技术工资差异和人才缺口的影响
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-07-17 DOI: 10.1007/s40953-024-00407-9
Shreya Roy
{"title":"Impact of Industrial BOTS on Employment, Skilled–Unskilled Wage Disparities and Talent Gap","authors":"Shreya Roy","doi":"10.1007/s40953-024-00407-9","DOIUrl":"https://doi.org/10.1007/s40953-024-00407-9","url":null,"abstract":"<p>This paper investigates the impacts of industrial robots (BOTs) on the employment of skilled and unskilled labour within the manufacturing sector. We employ an empirical approach to analyse the data and complement the empirical findings with a theoretical framework. The results suggest a negative impact of BOT adoption on the employment of low-skilled workers, while skilled workers experience minimal effects. Interestingly, the study also finds a reduction in the wage gap between skilled and unskilled labour. A General Equilibrium framework underpins the theoretical explanation for these empirical observations. The model highlights the presence of a talent gap within the low skilled labourers within the manufacturing sector despite the continued demand for low-skilled labour. This gap impedes employment growth for low-skilled workers, even as their wages potentially increase. Thus, increased robot utilization may lead to higher wages but lower employment of the low skilled labourers within the industrial sector. Additionally, the paper incorporates secondary evidence from anecdotal surveys to bolster the research conclusions.</p>","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141738582","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
A Classical Requiem for Robert Solow 罗伯特-索洛的古典安魂曲
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-07-10 DOI: 10.1007/s40953-024-00399-6
Sugata Marjit
{"title":"A Classical Requiem for Robert Solow","authors":"Sugata Marjit","doi":"10.1007/s40953-024-00399-6","DOIUrl":"https://doi.org/10.1007/s40953-024-00399-6","url":null,"abstract":"<p>We prove an alternative and much simpler proof of the key results of the celebrated Solow growth model (Solow 1956), without the neo-classical production function and diminishing marginal productivity. The driving force behind the result is financial capital. We follow the classical wage fund theory in a Ricardian structure to derive our results.</p><p> JEL CL. No.- O 41.</p>","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141572696","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
Economic Development, Energy Consumption, and Environmental Deterioration: A Non-Linear Evidence from India 经济发展、能源消耗与环境恶化:印度的非线性证据
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-07-10 DOI: 10.1007/s40953-024-00405-x
Arup Roy, Ranjan DasGupta
{"title":"Economic Development, Energy Consumption, and Environmental Deterioration: A Non-Linear Evidence from India","authors":"Arup Roy, Ranjan DasGupta","doi":"10.1007/s40953-024-00405-x","DOIUrl":"https://doi.org/10.1007/s40953-024-00405-x","url":null,"abstract":"<p>This study examines whether hydropower consumption, fossil fuel consumption, and economic growth had symmetric or asymmetric impacts on India’s environmental deterioration, i.e., ecological footprint. We have employed a Nonlinear Autoregressive Distributed Lag (NARDL) model on the yearly observations from 1980 to 2020 in the Indian context. Knowledge of these linkages is extremely important in creating renewable energy policies and accomplishing targets, as India chose an ambitious goal of 500 GW of renewable energy capacity (including 73 GW from hydro) by 2030. The findings reveal that although hydropower consumption and economic expansion contribute to reducing the ecological footprint, fossil fuel consumption accelerates environmental degradation. We find evidence of a long-run asymmetry relationship between hydropower consumption and ecological footprint. Our findings notify that stringent and effective regulatory policies should be formulated by Indian authorities to battle against environmental degradation by replacing fossil fuel and large hydropower with more energy-friendly renewable energy sources.</p>","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141572695","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
Prof. H. D. Vinod - An Appreciation H. D. 维诺德教授 - 赏析
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-07-04 DOI: 10.1007/s40953-024-00404-y
Dilip M. Nachane
{"title":"Prof. H. D. Vinod - An Appreciation","authors":"Dilip M. Nachane","doi":"10.1007/s40953-024-00404-y","DOIUrl":"https://doi.org/10.1007/s40953-024-00404-y","url":null,"abstract":"","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141551840","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
Regional Dimensions in India: Economic Growth, Inclusive and Sustainable Development 印度的地区因素:经济增长、包容性和可持续发展
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-06-25 DOI: 10.1007/s40953-024-00403-z
S. Mahendra Dev
{"title":"Regional Dimensions in India: Economic Growth, Inclusive and Sustainable Development","authors":"S. Mahendra Dev","doi":"10.1007/s40953-024-00403-z","DOIUrl":"https://doi.org/10.1007/s40953-024-00403-z","url":null,"abstract":"<p>It is a great honour and privilege to deliver the Presidential Address at the 58th Annual Conference of the Indian Econometric Society (TIES). I am grateful to the Society for conferring this honour on me. TIES is one of the oldest and most reputed professional societies in the country. Eminent econometricians, economists, Trustees, office bearers of the society and other stakeholders have strengthened TIES since 1960. The annual conferences of TIES provide opportunities for young scholars to present research papers and interact with experts from India and abroad. I remember the wide participation of experts, senior and young researchers and students when we organised the 50th annual conference (Golden Jubilee) of TIES at IGIDR, Mumbai in 2013. Personally, I have learned a lot from the activities and publications of the Society in the last four decades. I am happy to note that this conference has a session on the contributions of Prof. C.R. Rao, the doyen of statistics. I would like to acknowledge that my knowledge in econometrics is due to the excellent teaching of Prof. K.L. Krishna and late Prof. A.L. Nagar at the Delhi School of Economics. Keeping in view of the broader interests of TIES, I have chosen to speak on “Regional Dimensions: Economic Growth, Inclusive and Sustainable Development. My Ph.D. topic was on inter-regional disparities in India. I am happy to revisit on regional dimensions after 40 years in a comprehensive way covering growth, inclusion and sustainability.</p>","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141502129","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 Sustainability of Portuguese Fiscal Policy in Democracy, 1974–2020 1974-2020 年葡萄牙民主财政政策的可持续性
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-06-17 DOI: 10.1007/s40953-024-00402-0
Ricardo Ferraz, Joaquim Miranda Sarmento, António Portugal Duarte
{"title":"The Sustainability of Portuguese Fiscal Policy in Democracy, 1974–2020","authors":"Ricardo Ferraz, Joaquim Miranda Sarmento, António Portugal Duarte","doi":"10.1007/s40953-024-00402-0","DOIUrl":"https://doi.org/10.1007/s40953-024-00402-0","url":null,"abstract":"<p>In the current year of 2024, Portugal celebrates half a century of Democracy. In this paper we test the sustainability of Portuguese fiscal policy during this most recent period of Portuguese history – a time when the principle of sound finance is no longer proclaimed as a dogma. Using data taken from different sources, we conclude that, although Portugal has experienced very troubled periods throughout its Democracy, fiscal policy was sustainable during 1974–2020. This sustainability was, however, weak. Our conclusion is based on a difference stationary public debt ratio, on a stationary budget deficit as a percentage of GDP, and, also on the existence of a long-term relation between public revenues and expenditures ratios with a reduced cointegration coefficients. The findings of this paper reinforce the need for Portuguese policymakers to ensure the sustainability of public finances and public debt which is crucial to sustain the Portuguese welfare state itself.</p>","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141502130","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
Can We Reliably Identify the CES Preference Parameter from Firm Revenue and Cost Data? Evidence from Monte Carlo Experiments 我们能从企业收入和成本数据中可靠地识别 CES 偏好参数吗?来自蒙特卡罗实验的证据
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-05-30 DOI: 10.1007/s40953-024-00397-8
Sizhong Sun, Sajid Anwar
{"title":"Can We Reliably Identify the CES Preference Parameter from Firm Revenue and Cost Data? Evidence from Monte Carlo Experiments","authors":"Sizhong Sun, Sajid Anwar","doi":"10.1007/s40953-024-00397-8","DOIUrl":"https://doi.org/10.1007/s40953-024-00397-8","url":null,"abstract":"<p>In empirical studies involving the estimation of structural parameters, a commonly used strategy to identify the CES preference parameter is to assume that firms have a constant marginal cost (MC). This assumption allows one to utilize the link between the total variable cost and total revenue implied by profit maximization to recover the CES preference parameter. This paper explores the robustness of the constant MC assumption in Monte Carlo experiments, where the control group consists of simulated constant MC firms and the treatment group involves different degrees of violation of the assumption. The results of our experiments show that the constant MC assumption indeed has a high identification power. Nevertheless, researchers need to ensure that their samples contain a sufficient proportion of constant MC firms, which, in our experiments, must be around 20 percent. We also find that, irrespective of the actual proportion of constant MC firms in the sample, the constant MC assumption correctly identifies the CES preference parameter if the elasticity of substitution within the industry is 2.5 or lower.</p>","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141196309","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
All Road User Casualties (Killed) in Great Britain from 1926. Linear and Nonlinear Trends with Persistent Data 1926 年以来英国所有道路使用者伤亡(死亡)情况。持续数据的线性和非线性趋势
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-05-30 DOI: 10.1007/s40953-024-00398-7
Luis Alberiko Gil-Alana
{"title":"All Road User Casualties (Killed) in Great Britain from 1926. Linear and Nonlinear Trends with Persistent Data","authors":"Luis Alberiko Gil-Alana","doi":"10.1007/s40953-024-00398-7","DOIUrl":"https://doi.org/10.1007/s40953-024-00398-7","url":null,"abstract":"<p>This paper deals with the analysis of road casualties in Great Britain, using annual data since 1926. Based on the persistent nature of the data, fractional integration methods are used that include linear and non-linear (structural breaks) models. The results indicate that when the whole data set is employed the series is nonstationary I(1) implying permanency of shocks. However, considering data starting in 1964 we observe a significant negative time trend along with a lower degree of integration that implies transitory shocks. In order to avoid the abrupt change produced by the break, a nonlinear deterministic trend model based on Chebyshev polynomials in time is also considered with the whole sample, and though the order of integration is much lower than 1, the unit root null hypothesis cannot yet be rejected.</p>","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141196316","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
Neighbor Weighting and Distance Metrics in Nearest Neighbor Nowcasting of Swedish GDP 近邻加权和距离指标在瑞典国内生产总值近邻预测中的应用
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-05-22 DOI: 10.1007/s40953-024-00400-2
Kristian Jönsson
{"title":"Neighbor Weighting and Distance Metrics in Nearest Neighbor Nowcasting of Swedish GDP","authors":"Kristian Jönsson","doi":"10.1007/s40953-024-00400-2","DOIUrl":"https://doi.org/10.1007/s40953-024-00400-2","url":null,"abstract":"","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141113126","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
Asymmetric Impact of Monetary Policy on 10-Year G-Sec Yield in India 货币政策对印度 10 年期 G-Sec 收益率的非对称影响
IF 0.7
JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-05-03 DOI: 10.1007/s40953-024-00395-w
Saksham Sood, Bichitrananda Seth, Samir Ranjan Behera, Deba Prasad Rath
{"title":"Asymmetric Impact of Monetary Policy on 10-Year G-Sec Yield in India","authors":"Saksham Sood, Bichitrananda Seth, Samir Ranjan Behera, Deba Prasad Rath","doi":"10.1007/s40953-024-00395-w","DOIUrl":"https://doi.org/10.1007/s40953-024-00395-w","url":null,"abstract":"<p>This paper examines the asymmetric impact of monetary policy on central government’s 10-year g-sec yield using a non-linear autoregressive distributed lag model for the period Q1:2001–02 to Q4:2019–20. We find that monetary policy transmission to 10-year g-sec yield is partial and asymmetric in the long-run. A percentage point increase in the weighted average overnight call money rate (WACR) is, on an average, associated with 36–37 basis points rise in g-sec yield, whereas a percentage point fall in WACR leads to decrease in g-sec yield by 29–30 basis points. In the short-run, the asymmetric impact of WACR on the g-sec yield, though less conclusive, ranges between 18 and 20 basis points when WACR increases and 14–18 basis points when WACR decreases. The model includes market borrowings, GDP growth, crude oil price / inflation and yield on 10-year US government bonds as control variables. Our findings bear implications for monetary policy transmission to the real economy as well as for the market borrowing decisions of the fiscal authorities.</p>","PeriodicalId":42219,"journal":{"name":"JOURNAL OF QUANTITATIVE ECONOMICS","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140889380","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
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