Economic Papers最新文献

China Slowdown Shocks, the West and Australia* 中国经济放缓对西方和澳大利亚的冲击*

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Economic Papers Pub Date : 2024-06-07 DOI: 10.1111/1759-3441.12424

Rod Tyers, Yixiao Zhou

引用次数: 0

Tax Effort Levels across Non-Special Category Indian States – A Stochastic Tax Frontier Analysis* 印度非特殊类别邦的税收努力水平--随机税收前沿分析*

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Economic Papers Pub Date : 2024-05-30 DOI: 10.1111/1759-3441.12423

Nirmal Singh, Nitin Arora

引用次数: 0

Can Income Inequality Reduce the Happiness of a Healthy Population? 收入不平等会降低健康人口的幸福感吗？

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Economic Papers Pub Date : 2024-05-27 DOI: 10.1111/1759-3441.12422

Hazwan Haini, Anwar Hashim

引用次数: 0

International Linkages of Inflation-Output Dynamics: Fresh GVAR Evidence from Pakistan and Its Trading Partners 通货膨胀-产出动态的国际联系：巴基斯坦及其贸易伙伴的最新 GVAR 证据

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Economic Papers Pub Date : 2024-04-29 DOI: 10.1111/1759-3441.12416

Muhammad Ayyoub

{"title":"International Linkages of Inflation-Output Dynamics: Fresh GVAR Evidence from Pakistan and Its Trading Partners","authors":"Muhammad Ayyoub","doi":"10.1111/1759-3441.12416","DOIUrl":"https://doi.org/10.1111/1759-3441.12416","url":null,"abstract":"The key purpose of this study is to explore the relationship between inflation and output dynamics in a global macroeconomic framework by utilising time-series data from Pakistan and thirty-two trading partners which account for around 95 per cent of foreign trade of Pakistan, over the period 1979Q2–2016Q4. By featuring the GVAR approach, this paper empirically examined the international linkages to account for cross-country inflationary spillovers. The findings show that both foreign and global variables jointly and significantly matter for the inflation-output relationship in developing economies, in general and, in particular, in the economy of Pakistan. The findings from general impulse response functions (GIRF) reveal that shocks to the US real output, oil prices and food prices are transmitted and settled quickly, and put forward a significant impact on real GDP and inflation in Pakistan and its trading partner economies. Inflation in Pakistan is driven more strongly by the global changes in oil and food prices than GDP. For monetary policy formulation, the central bank should take into account developments in inflation-output dynamics of Pakistan's major trading partners.","PeriodicalId":45208,"journal":{"name":"Economic Papers","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2024-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142275104","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

COVID-19, Mobility Restriction Policies and Stock Market Volatility: A Cross-Country Empirical Study COVID-19，流动限制政策与股市波动：跨国实证研究

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Economic Papers Pub Date : 2024-04-29 DOI: 10.1111/1759-3441.12414

Richard Mawulawoe Ahadzie, Dan Daugaard, Moses Kangogo, Faisal Khan, Joaquin Vespignani

引用次数: 0

Ten Lessons for Economic Policymakers* 给经济政策制定者的十个教训*

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Economic Papers Pub Date : 2024-03-23 DOI: 10.1111/1759-3441.12409

Andrew Leigh

引用次数: 0

COVID-19 and Efficiency, Technology and Productivity Change in Australian Private Health Insurance Funds* COVID-19 和澳大利亚私人医疗保险基金的效率、技术和生产力变化*

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Economic Papers Pub Date : 2024-03-20 DOI: 10.1111/1759-3441.12412

Andrew C. Worthington, Lan Nguyen

{"title":"COVID-19 and Efficiency, Technology and Productivity Change in Australian Private Health Insurance Funds*","authors":"Andrew C. Worthington, Lan Nguyen","doi":"10.1111/1759-3441.12412","DOIUrl":"10.1111/1759-3441.12412","url":null,"abstract":"We calculate efficiency change, technological progress and productivity growth in Australian private health insurance (PHI) funds using Malmquist indices from 2016/2017 to 2021/2022. Starting in January 2020, the COVID-19 pandemic and the various policy responses to it brought significant disruption to the PHI industry with restrictions placed on elective surgery, and hence insured hospital days, and the use of extras cover for dental, physiotherapy, optical and other services. Lockdowns also saw PHI funds implement work-from-home arrangements and invest to improve policyholder services; the share of Australians with PHI cover grew counter to trend; global financial markets experienced significant volatility, impacting PHI investment revenue and PHI funds delayed even refunded premiums to offset financial pressures on policyholders. We show that productivity declined during the first 18 months of the pandemic and then grew very strongly. We also find the typical PHI fund is 36.5% more productive at the end of the period than the beginning, with most gains being technological (38.3%), involving a large upward shift in the industry frontier, countering much smaller losses from scale (−0.2%) and pure technical (−1.1%) inefficiency. This suggests that the PHI industry responded well to the disruption associated with the COVID-19 pandemic.","PeriodicalId":45208,"journal":{"name":"Economic Papers","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1759-3441.12412","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140227573","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

Missing Linkages and Jobless Growth in India: An Econometric Analysis 印度的缺失联系与失业增长：计量经济学分析

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Economic Papers Pub Date : 2024-03-13 DOI: 10.1111/1759-3441.12410

Hariom Arora, Kalandi Charan Pradhan, Ruchi Sharma

{"title":"Missing Linkages and Jobless Growth in India: An Econometric Analysis","authors":"Hariom Arora, Kalandi Charan Pradhan, Ruchi Sharma","doi":"10.1111/1759-3441.12410","DOIUrl":"10.1111/1759-3441.12410","url":null,"abstract":"This study aims to empirically validate the theories of missing linkages among major economic sectors (agriculture, industry and service) and jobless growth in the context of Indian economy using the RBI-KLEMS database for the period 1980–2018. The study employs the ARDL framework to identify both short-run and long-run relationships between sectoral employment elasticity and sectoral share of value-added with other covariates (specifically macroeconomic factors). Our empirical findings validate the prevalence of theory of missing linkages and jobless growth. Further, we found that weak linkages exist between agriculture, industry and service sectors. However, industry and services have strong interlinkages, whereas industry and agriculture have weak linkages, which leads to weak linkages between services and agriculture. Additionally, it was observed that macroeconomic factors do not exhibit a short-term relationship with employment elasticities in explaining missing linkages. In fact, macroeconomic factors demonstrate a substantial long-term association. Based on these interlinkages, the study proposes the potential for policies to stimulate growth across sectors. Nonetheless, policies aimed at improving the productivity of the primary sector remain a prominent solution.","PeriodicalId":45208,"journal":{"name":"Economic Papers","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2024-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140247054","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

‘Fledgling Financial Needs’, Affordability and Attitudes as Drivers of Noninsurance Among Young Australians* 澳大利亚年轻人不投保的驱动因素--"雏形财务需求"、经济承受能力和态度*

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Economic Papers Pub Date : 2024-03-12 DOI: 10.1111/1759-3441.12411

Evgenia Bourova, Ian Ramsay, Paul Ali

{"title":"‘Fledgling Financial Needs’, Affordability and Attitudes as Drivers of Noninsurance Among Young Australians*","authors":"Evgenia Bourova, Ian Ramsay, Paul Ali","doi":"10.1111/1759-3441.12411","DOIUrl":"10.1111/1759-3441.12411","url":null,"abstract":"Building, home contents and comprehensive car insurance promise protection against loss or damage from fire, flooding, accident and theft. In Australia, young people aged 18–24 are among the groups most likely to forego these insurance products. Yet research on the reasons for this remains limited, as noninsurance among young people is attributed to their dependent or ‘fledgling’ life stage, with minimal income and assets warranting protection. In this article, we argue that noninsurance may have serious consequences for young people, particularly if they have limited savings and cannot count on financial assistance from their families. Drawing upon survey findings, we undertake an in-depth investigation into the role of asset levels, affordability and attitudes in driving young people to forego insurance. Our findings suggest that young people are not especially predisposed to distrust insurers, to consider insurance inessential or to oppose insurance on principle. However, other attitudes—including lesser risk aversion, higher confidence in their capacity to mitigate risks and perceptions of insurance as irrelevant to their circumstances or ‘not for them’—may be more prevalent in this age group, driving them to remain uninsured even when they have assets warranting protection and sufficient income to offset affordability concerns.","PeriodicalId":45208,"journal":{"name":"Economic Papers","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2024-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1759-3441.12411","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140248241","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

The Long-Term Economic Impact of Abenomics: Evidence from the Synthetic Control Method 安倍经济学的长期经济影响：合成控制法的证据

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Economic Papers Pub Date : 2024-01-17 DOI: 10.1111/1759-3441.12408

Josh Matti

引用次数: 0