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Vertical fiscal externality in public education inputs: When federal and state governments have different time perspectives 公共教育投入中的纵向财政外部性:当联邦政府和州政府有不同的时间视角时
IF 0.6
Research in Economics Pub Date : 2023-09-03 DOI: 10.1016/j.rie.2023.09.001
Hideya Kato , Mitsuyoshi Yanagihara
{"title":"Vertical fiscal externality in public education inputs: When federal and state governments have different time perspectives","authors":"Hideya Kato ,&nbsp;Mitsuyoshi Yanagihara","doi":"10.1016/j.rie.2023.09.001","DOIUrl":"10.1016/j.rie.2023.09.001","url":null,"abstract":"<div><p>This study investigates how equilibrium under a unitary nation can be achieved through fiscal transfer from (to) the federal government to (from) the state government when both levels of government supply public education to immobile residents under a simple endogenous growth framework fueled by human capital accumulation. We introduce the different time perspectives of both levels of government as a key consideration. Although both levels of government are interested in both the utility level of the present generation and the growth rate that can be attained by accumulating human capital through education, they place different weight on the value of these objectives. We first show that the federal government can replicate the equilibrium outcome that can be achieved under a unitary nation by implementing fiscal transfer between the different levels of government. Second, if the federal government places a large weight on the growth rate, or has a more long-run perspective than the state government, the federal tax rate becomes positive. Third, as the federal government has a stronger long-run perspective, fiscal transfer from the federal government to the state government increases.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 4","pages":"Pages 518-525"},"PeriodicalIF":0.6,"publicationDate":"2023-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42323327","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
Emotional reactions to food interventions: Evidence from an online survey 对食物干预的情绪反应:来自一项在线调查的证据
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/j.rie.2023.06.002
Beatrice Braut , Sarah Zaccagni
{"title":"Emotional reactions to food interventions: Evidence from an online survey","authors":"Beatrice Braut ,&nbsp;Sarah Zaccagni","doi":"10.1016/j.rie.2023.06.002","DOIUrl":"10.1016/j.rie.2023.06.002","url":null,"abstract":"<div><p>We conduct an online survey to test whether interventions to foster individual motivation to eat healthy change emotional reactions to food choices. By keeping constant the change in food choice, we test if different policies evoke different emotions. The hypothetical interventions consist of a price discount or a reminder of the importance of adhering to a healthy diet. We compare the effects of the two interventions on the emotions declared at the end of the survey and on the gap between the emotions proclaimed at the beginning and the end. We find that the price discount has a positive effect on the emotional reaction of the subjects. In contrast, the reminder does not affect emotions. The positive impact of the price discount is more substantial among youth, suggesting that this age group is more sensitive to monetary incentives.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Pages 419-426"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49317430","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
Financing the economy in debt times: The crucial role of public–private partnerships 债务时代的经济融资:公私伙伴关系的关键作用
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/j.rie.2023.05.003
Yawovi Mawussé Isaac Amedanou
{"title":"Financing the economy in debt times: The crucial role of public–private partnerships","authors":"Yawovi Mawussé Isaac Amedanou","doi":"10.1016/j.rie.2023.05.003","DOIUrl":"10.1016/j.rie.2023.05.003","url":null,"abstract":"<div><p>This paper aims to show that there is a great interest for countries to rely on Public–Private Partnerships (PPPs) as a tool for financing the economy, especially in times of debt. First, we conceptualize through game theory a better risk management between the public and private sectors in case of co-investment. Second, building on Iossa and Martimort (2009), we demonstrate that PPPs investments produce greater economic and social gains than pure public investments by providing incentives and transferring risks to the private sector. The implications of the model are diverse: financing the provision of public infrastructure through PPPs allows for sharing the associated risks, improves the quality and reduce the costs of the provision of public goods. The model has been empirically tested on 14 Sub-Saharan African countries over the period <span><math><mrow><mn>1990</mn></mrow></math></span>–<span><math><mrow><mn>2017</mn></mrow></math></span>. The impact of PPP investments is significantly higher than that of pure public investments. The evidence also shows that the positive impact of PPP investments strengthens economic growth as the public debt grows to a point where there is no longer any significant pro growth impact.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Pages 295-309"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42172960","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: 1
A shortage of brides: China’s one child policy and transitions of men into marriage 新娘短缺:中国的独生子女政策与男性婚姻转变
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/j.rie.2023.05.002
Amanda Kerr
{"title":"A shortage of brides: China’s one child policy and transitions of men into marriage","authors":"Amanda Kerr","doi":"10.1016/j.rie.2023.05.002","DOIUrl":"10.1016/j.rie.2023.05.002","url":null,"abstract":"<div><p>China’s one child policy stands among the most consequential actions ever taken by a government to regulate the basic structure and fundamental nature of the family unit. Scholars and policy analysts have long recognized its likely effects with respect to the aging of Chinese society. In recent years they have also become more aware of the implications of the gender imbalance the policies have produced, in particular as they pertain to the formation of marriages. This paper analyzes the selection of surplus men into marriage by means of a model that explicitly accounts for earnings and wealth. Its central focus is the extent to which relatively scarce brides marry men with comparatively strong economic prospects in terms of earnings or wealth. Results of this study, based on data from the China Health and Nutrition Survey, provide evidence that marriage in the age of the one child policy is indeed selective of men who are relatively high earners. This result is robust to a series of alternative specifications of the model.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Pages 310-321"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48106782","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
Middle-income trap and corruption: Evidence from a dynamic panel data analysis 中等收入陷阱与腐败:来自动态面板数据分析的证据
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/j.rie.2023.06.003
Joshua Ping Ang , Fang Dong
{"title":"Middle-income trap and corruption: Evidence from a dynamic panel data analysis","authors":"Joshua Ping Ang ,&nbsp;Fang Dong","doi":"10.1016/j.rie.2023.06.003","DOIUrl":"10.1016/j.rie.2023.06.003","url":null,"abstract":"<div><p><span>This paper empirically tests the income trap phenomenon by analyzing the convergence rate of a growth model that incorporates corruption<span> explicitly as a rent extraction out of capital accumulation. Our model shows that the countries are ‘trapped’ in a middle-income group because they are corrupt. Since they failed to have a less corrupt economy, then they would be less productive and do not have the sufficient and necessary capital to develop. By applying a simultaneous equations </span></span>dynamic panel data model to 76 middle-income economies from 1998 to 2020 and using the iterated GLS estimation method, the results show that countries with high corruption (i.e., negative control of corruption index) are closer to their own steady state than countries with low corruption (i.e., positive control of corruption index) are. This implies the existence of a middle-income trap, which we define in this paper, for some of the countries in the middle-income group. We find the adverse effect of corruption on real GDP per capita in these economies, and in determining the different steady states among middle-income countries.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Pages 349-361"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48169718","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 media coverage of antitrust enforcement: Evidence from Italy 反垄断执法的媒体报道:来自意大利的证据
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/j.rie.2023.06.001
Andrea Mangani, Karina Ramazanova
{"title":"The media coverage of antitrust enforcement: Evidence from Italy","authors":"Andrea Mangani,&nbsp;Karina Ramazanova","doi":"10.1016/j.rie.2023.06.001","DOIUrl":"10.1016/j.rie.2023.06.001","url":null,"abstract":"<div><p>This paper studies the media coverage of the antitrust proceedings completed by the Italian Antitrust Authority between 1994 and 2019. The empirical analysis considers the news on antitrust investigations published in the top Italian newspapers by circulation. The data reveal that the newspapers favor the conclusion (against the start) of proceedings, antitrust cases regarding immaterial services and investigations that establish a violation of antitrust law. In addition, the probability of media coverage increases if foreign firms are involved in cartel proceedings. While the press equally covers cartels and abuses, the imposition of unfair conditions is the most mentioned antitrust offense. These results are important for the public dimension of antitrust law and antitrust enforcement. An unbiased media coverage of antitrust enforcement can in fact foster the crucial collaboration of third parties in reporting alleged antitrust infringements. In addition, policymakers can draw crucial information from completed antitrust investigations and consider the possible regulation, deregulation or re-regulation of industries and companies frequently involved in the antitrust cases.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Pages 334-348"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42369719","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
Editorial Board/Copyright 编委会/版权
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/S1090-9443(23)00051-0
{"title":"Editorial Board/Copyright","authors":"","doi":"10.1016/S1090-9443(23)00051-0","DOIUrl":"https://doi.org/10.1016/S1090-9443(23)00051-0","url":null,"abstract":"","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Page IFC"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49762611","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 importance of positional mobility for regional comparisons 位置流动性对区域比较的重要性
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/j.rie.2023.05.004
Luis Monroy-Gómez-Franco
{"title":"The importance of positional mobility for regional comparisons","authors":"Luis Monroy-Gómez-Franco","doi":"10.1016/j.rie.2023.05.004","DOIUrl":"10.1016/j.rie.2023.05.004","url":null,"abstract":"<div><p>In this paper, I show that the decomposition of intergenerational persistence indicators into their structural and positional components offers a clearer understanding of the determinants of heterogeneity in subnational mobility rates. This constitutes a departure from the current consensus in estimating mobility rates at the subnational level in economics. Applying this approach to the Mexican case, I show no significant differences in positional mobility across the country's regions. This contrasts with the existing results, particularly regarding intergenerational mobility in the country's southern region.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Pages 322-333"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45844317","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
Does monetary policy really matter for environmental protection? The case of inflation targeting 货币政策对环境保护真的重要吗?通货膨胀目标的情况
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/j.rie.2023.06.004
Christophe Martial MBASSI , Suzanne Edwige Clarisse HYOBA , Muhammad SHAHBAZ
{"title":"Does monetary policy really matter for environmental protection? The case of inflation targeting","authors":"Christophe Martial MBASSI ,&nbsp;Suzanne Edwige Clarisse HYOBA ,&nbsp;Muhammad SHAHBAZ","doi":"10.1016/j.rie.2023.06.004","DOIUrl":"10.1016/j.rie.2023.06.004","url":null,"abstract":"<div><p><span>Empirical work examining the role of monetary policy on environmental issues are rather scarce. This study examines how inflation targeting (IT) relates to environmental pollution in samples of 22 Developed Market Economies (DMEs) and 25 Emerging Market Economies (EMEs) over the period 1980–2017. Using a parametric approach (two-step system-generalized method of moments), we find that IT significantly reduces emissions of polluting gases, specifically carbon dioxide (CO</span><sub>2</sub>), nitrous oxide (N<sub>2</sub>O), methane (CH<sub>4</sub><span>), and total greenhouse gases (GHG) in DMEs and EMEs. In order to take into account, the existence of a potential self-selection bias in the adoption of IT, we subsequently resorted to a non-parametric approach, namely propensity score matching<span>. The results confirm those obtained in the parametric approach. Then, using structural equation modeling, we find that IT reduces environmental pollution mainly through the financial instability channel. In addition, based on the insights from the recent literature, we test the moderating role of financial development and financial stability. The results indicate that these variables reduce the “green effect” of IT. Ultimately, our findings provide an interesting empirical basis for policymakers to help them build a sound macroeconomic and financial framework that promotes more environmentally friendly financial behaviors.</span></span></p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Pages 427-452"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42300664","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
Organizational structure and technological investment revisited: An explanation based on the property rights approach 重新审视组织结构和技术投资:基于产权法的解释
IF 0.6
Research in Economics Pub Date : 2023-09-01 DOI: 10.1016/j.rie.2023.06.006
Kojun Hamada
{"title":"Organizational structure and technological investment revisited: An explanation based on the property rights approach","authors":"Kojun Hamada","doi":"10.1016/j.rie.2023.06.006","DOIUrl":"10.1016/j.rie.2023.06.006","url":null,"abstract":"<div><p>Using the property rights approach, I investigate how two vertical chains consisting of an upstream and downstream firm choose to integrate when competing in a duopoly market. This shows that whether a vertical chain chooses to integrate depends on the relative sizes of two strategic effects on quantity and investment. If the negative effect of decreasing investments is larger (smaller) than the positive effect of alleviating an intense quantity competition, vertical separation (integration) is chosen. I illustrate that vertical separation or integration appears in equilibrium depending on the degrees of market competitiveness and investment effectiveness.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"77 3","pages":"Pages 390-401"},"PeriodicalIF":0.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46238843","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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