ATLANTIC ECONOMIC JOURNAL最新文献

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Distributional Effects of Monetary Policy Shocks in China 中国货币政策冲击的分配效应
IF 0.5
ATLANTIC ECONOMIC JOURNAL Pub Date : 2024-01-04 DOI: 10.1007/s11293-023-09786-5
Shirley (Yilin) Ren
{"title":"Distributional Effects of Monetary Policy Shocks in China","authors":"Shirley (Yilin) Ren","doi":"10.1007/s11293-023-09786-5","DOIUrl":"10.1007/s11293-023-09786-5","url":null,"abstract":"<div><p>The distributional outcomes of monetary policy have garnered increasing attention in recent years. While there has been significant progress on both the theoretical and methodological design of studies on advanced economies, research on China has been limited, partly because of its opaque and unique monetary policy framework. This paper investigates the distributional effects of monetary policy shocks in China from 2003 to 2021, as the central bank converges towards a standard interest-rate based regime. A novel policy shock series for China is constructed using the high-frequency external instrument identification method that addresses endogeneity concerns between macroeconomic factors and policy decisions. A structural vector autoregression system identified by short-run restrictions is then used to analyze the impulse responses of income measures and asset market returns to these shocks. Findings suggest that contractionary monetary policy shocks have a negative impact on inequality in China, by increasing the relative share of income at the top and decreasing the share at the bottom of the distribution. Adverse effects are stronger for lower income groups who derive most of their income from labor and business, and experience large and persistent negative effects from an unanticipated rate hike. Meanwhile, the impacts on top earners are neutral or modestly positive, since their income portfolios are diversified by property holdings. As such, this analysis supports the income composition channel theory in explaining the heterogeneity in household responses to monetary policy shocks.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"51 4","pages":"287 - 301"},"PeriodicalIF":0.5,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139384644","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
Determinants of FDI Inflows as Seen Through the Doing Business Indicators Lens: Evidence from the EU 从营商环境指标看外国直接投资流入的决定因素:来自欧盟的证据
IF 0.5
ATLANTIC ECONOMIC JOURNAL Pub Date : 2023-12-27 DOI: 10.1007/s11293-023-09785-6
Ioanna Bardakas, Dimitris Doulos, George A. Zombanakis
{"title":"Determinants of FDI Inflows as Seen Through the Doing Business Indicators Lens: Evidence from the EU","authors":"Ioanna Bardakas,&nbsp;Dimitris Doulos,&nbsp;George A. Zombanakis","doi":"10.1007/s11293-023-09785-6","DOIUrl":"10.1007/s11293-023-09785-6","url":null,"abstract":"<div><p>The Doing Business indicators published by the World Bank serve as a proxy for assessing the quality of institutions and the business environment. In recent years, Doing Business scores or rankings have been used to evaluate choices affecting foreign direct investment decisions. The study purpose is to examine the extent to which the quality of institutions and the business environment, as reflected in the Doing Business indicators, is associated with higher foreign direct investment inflows in European Union countries. The paper uses data on member country performance based on selected indicators, the Corruption Perception Index, and data on work stoppages and strikes. The latter is used to capture the importance of the labour market environment and political stability. Panel data cover the period 2005–2020 for most European Union member countries. The results suggest that the quality of business and institutional environments is an important factor in attracting foreign direct investment inflows. These results vary considerably depending on the countries chosen and have important policy implications. Specifically, governments should put emphasis not only on the general functioning of the economy, but also on the improvement of institutional quality to attract foreign direct investment.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"51 4","pages":"243 - 257"},"PeriodicalIF":0.5,"publicationDate":"2023-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139055643","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
Labor Market Flexibility and General and Firm-specific Skills 劳动力市场的灵活性以及一般技能和企业特有技能
IF 0.5
ATLANTIC ECONOMIC JOURNAL Pub Date : 2023-12-21 DOI: 10.1007/s11293-023-09783-8
Naoki Shintoyo
{"title":"Labor Market Flexibility and General and Firm-specific Skills","authors":"Naoki Shintoyo","doi":"10.1007/s11293-023-09783-8","DOIUrl":"10.1007/s11293-023-09783-8","url":null,"abstract":"<div><p>The current economy is subject to great uncertainty. Smooth labor reallocations are important. This calls for labor market policies that increase flexibility. Conventional wisdom suggests that such policies will increase general skills and reduce firm-specific skills. This study demonstrates that this conjecture is not a theoretical necessity. Indeed, increased labor market flexibility can depress both general and firm-specific skills. If flexibility increases in the experienced worker market, general and firm-specific skills increase or decrease simultaneously. The reason for this surprising outcome emerges from the model.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"51 4","pages":"275 - 286"},"PeriodicalIF":0.5,"publicationDate":"2023-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138949952","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
Nexus Between Climate Change and Inequality: Evidence from Nepal 气候变化与不平等之间的关联:尼泊尔的证据
IF 0.5
ATLANTIC ECONOMIC JOURNAL Pub Date : 2023-12-18 DOI: 10.1007/s11293-023-09784-7
Prajjwal Dhungana
{"title":"Nexus Between Climate Change and Inequality: Evidence from Nepal","authors":"Prajjwal Dhungana","doi":"10.1007/s11293-023-09784-7","DOIUrl":"10.1007/s11293-023-09784-7","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"51 4","pages":"303 - 305"},"PeriodicalIF":0.5,"publicationDate":"2023-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138965277","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
Dual Sourcing and Resilient Supply Chains: The Case of Essential Resources 双重采购与弹性供应链:基本资源案例
IF 0.5
ATLANTIC ECONOMIC JOURNAL Pub Date : 2023-12-11 DOI: 10.1007/s11293-023-09782-9
Thomas Gehrig, Rune Stenbacka
{"title":"Dual Sourcing and Resilient Supply Chains: The Case of Essential Resources","authors":"Thomas Gehrig,&nbsp;Rune Stenbacka","doi":"10.1007/s11293-023-09782-9","DOIUrl":"10.1007/s11293-023-09782-9","url":null,"abstract":"<div><p>The resilience of supply chains is analyzed in a model of strategic technology investments in markets with essential resources. With a monopoly supplier, dual sourcing is a strategy to reduce switching costs in the long-run. It serves as an insurance mechanism against future opportunism by providing access to competitive global markets. Investments in dual sourcing are required to limit abuse of market power by the active source provider, even though the option of dual sourcing may not be exercised in equilibrium. The analysis has implications for the European natural gas market. Liquefied natural gas terminals may serve a strategic purpose of limiting ex-post opportunism even when delivering gas by pipeline is more efficient.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"51 4","pages":"223 - 241"},"PeriodicalIF":0.5,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s11293-023-09782-9.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138575168","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
Economic Freedom and the Fiscal Condition of Cities in Tennessee 田纳西州城市的经济自由度和财政状况
IF 0.5
ATLANTIC ECONOMIC JOURNAL Pub Date : 2023-11-20 DOI: 10.1007/s11293-023-09781-w
Howard H. Cochran Jr. D.A., Bradley D. Childs Ph.D., J.D.
{"title":"Economic Freedom and the Fiscal Condition of Cities in Tennessee","authors":"Howard H. Cochran Jr. D.A.,&nbsp;Bradley D. Childs Ph.D., J.D.","doi":"10.1007/s11293-023-09781-w","DOIUrl":"10.1007/s11293-023-09781-w","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"51 4","pages":"315 - 317"},"PeriodicalIF":0.5,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139259247","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
Short-Term Household Economic Stress Effects on Retail Activity in El Paso, Texas 短期家庭经济压力对德克萨斯州埃尔帕索零售活动的影响
IF 0.6
ATLANTIC ECONOMIC JOURNAL Pub Date : 2022-06-01 DOI: 10.1007/s11293-022-09744-7
T. Fullerton, Patricia Arellano-Olague
{"title":"Short-Term Household Economic Stress Effects on Retail Activity in El Paso, Texas","authors":"T. Fullerton, Patricia Arellano-Olague","doi":"10.1007/s11293-022-09744-7","DOIUrl":"https://doi.org/10.1007/s11293-022-09744-7","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"50 1","pages":"27 - 35"},"PeriodicalIF":0.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52534536","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
Hotel Revenue Convergence: Evidence Across Star Hotels in Chinese Provinces 酒店收入趋同:中国各省星级酒店的证据
IF 0.6
ATLANTIC ECONOMIC JOURNAL Pub Date : 2022-06-01 DOI: 10.1007/s11293-022-09745-6
N. Apergis, Chi-Keung Lau
{"title":"Hotel Revenue Convergence: Evidence Across Star Hotels in Chinese Provinces","authors":"N. Apergis, Chi-Keung Lau","doi":"10.1007/s11293-022-09745-6","DOIUrl":"https://doi.org/10.1007/s11293-022-09745-6","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"128 1","pages":"37-51"},"PeriodicalIF":0.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52534769","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
Methodological Individualism: Still a Useful Methodology for the Social Sciences? 方法论个人主义:仍然是社会科学有用的方法论吗?
IF 0.6
ATLANTIC ECONOMIC JOURNAL Pub Date : 2021-12-01 DOI: 10.1007/s11293-022-09740-x
R. Neck
{"title":"Methodological Individualism: Still a Useful Methodology for the Social Sciences?","authors":"R. Neck","doi":"10.1007/s11293-022-09740-x","DOIUrl":"https://doi.org/10.1007/s11293-022-09740-x","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"49 1","pages":"349 - 361"},"PeriodicalIF":0.6,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52534264","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: 3
Rationality and Business Cycle Theory in the Austrian Tradition: A Note on Methodology 奥地利学派传统中的理性与经济周期理论:方法论注解
IF 0.6
ATLANTIC ECONOMIC JOURNAL Pub Date : 2021-12-01 DOI: 10.1007/s11293-022-09741-w
T. Papageorgiou, P. Michaelides
{"title":"Rationality and Business Cycle Theory in the Austrian Tradition: A Note on Methodology","authors":"T. Papageorgiou, P. Michaelides","doi":"10.1007/s11293-022-09741-w","DOIUrl":"https://doi.org/10.1007/s11293-022-09741-w","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"49 1","pages":"377 - 391"},"PeriodicalIF":0.6,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52534325","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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