Panoeconomicus最新文献_第8页

Economic gender gap: Which countries are falling behind? 经济性别差距:哪些国家落后了?

IF 1 4区经济学

Panoeconomicus Pub Date : 2021-04-22 DOI: 10.2298/PAN2102213M

Samuel Medina-Claros, F. García-Pardo, S. Pérez-Moreno, E. Bárcena-Martín

引用次数: 0

Shocks, financial constraints and households’ consumption amid the great recession 大衰退中的冲击、金融约束和家庭消费

IF 1 4区经济学

Panoeconomicus Pub Date : 2021-03-06 DOI: 10.2298/PAN2101001A

P. Arestis, G. Corrado, L. Corrado

{"title":"Shocks, financial constraints and households’ consumption amid the great recession","authors":"P. Arestis, G. Corrado, L. Corrado","doi":"10.2298/PAN2101001A","DOIUrl":"https://doi.org/10.2298/PAN2101001A","url":null,"abstract":"Overall, there is now considerable evidence that financial constraints are at\u0000 the root of the lack of consumption smoothing during the Great Recession. We\u0000 push this evidence forward and show that in the presence of credit\u0000 constraints, a job loss leads to larger drops in households? consumption. We\u0000 build a set of testable hypotheses from our theoretical model and employ\u0000 microdata taken from the second round of the Life in Transition Survey (LiTS\u0000 II) (European Bank for Reconstruction and Development 2010). We specifically\u0000 assess the role of financial constraints in explaining households?\u0000 consumption coping strategies after the crisis shocks. Economic hardship is\u0000 more likely to be observed if households experience difficulties in meeting\u0000 outstanding debt obligations or in obtaining new credit lines because of\u0000 financial constraints. The impact of job and wage shocks on households?\u0000 consumption is much attenuated, by around a half, when we control for sample\u0000 selection bias in accessing the formal credit markets. In the context of\u0000 increasing impoverishment across Europe, the paper shows that a careful\u0000 analysis of the main determinants of households? economic and financial\u0000 hardship is crucial to formulate targeted measures at the regional and local\u0000 level.","PeriodicalId":45222,"journal":{"name":"Panoeconomicus","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2021-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47316372","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 military expenditures and economic growth nexus: Panel bootstrap granger causality evidence from NATO countries 军事支出与经济增长的关系：来自北约国家的专家组bootstrap-granger因果关系证据

IF 1 4区经济学

Panoeconomicus Pub Date : 2021-03-03 DOI: 10.2298/PAN170914002T

Mehmet Topal Hanefi, Mustafa Unver, Salih Türedi

{"title":"The military expenditures and economic growth nexus: Panel bootstrap granger causality evidence from NATO countries","authors":"Mehmet Topal Hanefi, Mustafa Unver, Salih Türedi","doi":"10.2298/PAN170914002T","DOIUrl":"https://doi.org/10.2298/PAN170914002T","url":null,"abstract":"The purpose of this study is to examine the causal linkage between military expenditures and economic growth in 27 North Atlantic Treaty Organization (NATO) member countries. Different periods are studied due to the unavailability of data for the common period for all countries. Both the symmetric and the asymmetric causality between military expenditures and economic growth are investigated under cross-sectional dependence and panel heterogeneity by using the bootstrap panel Granger causality testing approach. The results indicate that there is both symmetric and asymmetric Granger- causality between military expenditures and economic growth, which vary from one country to another. The robust empirical findings support the military expenditures and economic growth nexus in 12 of the 27 NATO member countries. Moreover, the findings show that more empirical evidence between military expenditures and economic growth can be obtained when the asymmetric causality is considered, in addition to the symmetric causality. Keywords: Defense economics, Military expenditures, Economic growth, Asymmetric bootstrap Granger causality. JEL: C33, H50, H56, 047.","PeriodicalId":45222,"journal":{"name":"Panoeconomicus","volume":"1 1","pages":"1-16"},"PeriodicalIF":1.0,"publicationDate":"2021-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41693151","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: 4

Validity of Okun’s Law in a spatially dependent and cyclical asymmetric context 奥肯定律在空间依赖和周期不对称背景下的有效性

IF 1 4区经济学

Panoeconomicus Pub Date : 2021-03-03 DOI: 10.2298/PAN190529003D

H. Duran

{"title":"Validity of Okun’s Law in a spatially dependent and cyclical asymmetric context","authors":"H. Duran","doi":"10.2298/PAN190529003D","DOIUrl":"https://doi.org/10.2298/PAN190529003D","url":null,"abstract":"The current article analyzes the validity of Okun’s Law and sizable distortions that can occur in the estimation when spatial dependence and cyclical asymmetric impacts are not considered, which is a concern commonly ignored by the existing literature. Primarily spatial panel regressions (SDM, SAR, and SEM) and nonparametric regressions along with specification tests are adopted in terms of the methodology (such as panel unit root tests, panel cointegration, Moran’s I and Geary’s C tests of global spatial dependence, spatial LM, and Hausman tests). Additionally, spatial heterogeneity and cross-regional variation in Okun’s Law are investigated by adopting geographically weighted regression, LISA (local indicators for spatial association), and local Geary’s C analysis. A panel of 26 Turkish NUTS-2 regions from 2004 to 2018 was analyzed. The results clearly revealed that failing to incorporate spatial proximity and asymmetric cycle impacts leads to the biased estimation of Okun’s coefficient, such that during the downswing years of the national economy, Okun’s Law holds robustly: unemployment increases quickly in response to a decline in output. In contrast, during upswing years, the size of Okun’s coefficient is relatively much lower. Moreover, spatial dependence and heterogeneity are sizably evident. Okun’s coefficient is demonstrated to vary significantly across regions that have different industrial and labor market characteristics. As a policy implication, it has been understood that the reduction of unemployment is more difficult than initially understood, as economic growth itself does not provide a solution during upswing periods. The necessary special and region-specific policies are discussed throughout the text. Keywords: Okun’s law, Spatial regression, Cyclical asymmetry.JEL: E24, R15, E32.","PeriodicalId":45222,"journal":{"name":"Panoeconomicus","volume":"1 1","pages":"1-31"},"PeriodicalIF":1.0,"publicationDate":"2021-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43348687","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: 2

The impact of obesity and income on happiness: Evidence from EU countries 肥胖和收入对幸福的影响:来自欧盟国家的证据

IF 1 4区经济学

Panoeconomicus Pub Date : 2021-01-20 DOI: 10.2298/PAN200311001K

Saadet Kasman, A. Kasman

{"title":"The impact of obesity and income on happiness: Evidence from EU countries","authors":"Saadet Kasman, A. Kasman","doi":"10.2298/PAN200311001K","DOIUrl":"https://doi.org/10.2298/PAN200311001K","url":null,"abstract":"The World Happiness Report 2018 ranks 156 countries by their happiness levels, and revealed a link between happiness and obesity. Despite the importance of this link, few studies have analyzed this relationship. Moreover, it may be the case that the relationship between happiness and obesity is non-linear. The relationship between happiness and income, however, has been studied by several researchers, particularly after the publication of Easterlin (1974). In his famous paradox, Easterlin found that after reaching a certain level, the further increase of material wealth no longer promotes happiness. Here, we investigate whether there is a quadratic relationship between happiness & obesity and happiness & income, for a panel of EU countries for the period 2005-2016, using the system GMM method. The empirical results suggest an inverse U-shaped relationship between happiness & obesity and happiness & income, implying that as obesity (income), represented by body mass index, increases, happiness first increases then stabilizes and finally decreases. Hence, the existence of an inverted U-shaped relationship between happiness and income supports the validity of the Kuznets curve hypothesis. Some control variables were also included in the regressions in order to solve omitted variable bias problems. The results indicate that income inequality and unemployment have a significantly negative impact on happiness. Keywords: Happiness, Obesity, Income, Kuznets Curve, EU countries. JEL: D60, I31, J35.","PeriodicalId":45222,"journal":{"name":"Panoeconomicus","volume":"1 1","pages":"1-1"},"PeriodicalIF":1.0,"publicationDate":"2021-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46712606","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

Global coronavirus pandemic crisis and future crisis prevention 全球冠状病毒大流行危机与未来危机预防

IF 1 4区经济学

Panoeconomicus Pub Date : 2021-01-01 DOI: 10.2298/pan2105587o

P. O’Hara

引用次数: 0

Link between tangible investment rate and labour productivity in the European manufacturing industry 欧洲制造业有形投资率与劳动生产率之间的联系

IF 1 4区经济学

Panoeconomicus Pub Date : 2021-01-01 DOI: 10.2298/pan171208012s

A. Stundžienė, Asta Baliute

引用次数: 2

The Eurasian Economic Union in search of strategic partners: The gravity effects of integration blocs 寻找战略伙伴的欧亚经济联盟:一体化集团的重力效应