Research in Economics最新文献_第2页

Re-assessment of sustainability of current account deficit in India: Insights from threshold cointegration and NARDL analysis

IF 1.2

Research in Economics Pub Date : 2025-01-25 DOI: 10.1016/j.rie.2025.101039

Lingaraj Mallick

{"title":"Re-assessment of sustainability of current account deficit in India: Insights from threshold cointegration and NARDL analysis","authors":"Lingaraj Mallick","doi":"10.1016/j.rie.2025.101039","DOIUrl":"10.1016/j.rie.2025.101039","url":null,"abstract":"<div><div>I examine the sustainability of CAD by employing both linear and threshold cointegration (<span><span>Enders and Siklos, 2001</span></span>) and <span><span>Engle-Granger (1987)</span></span> from the period 1960 to 2019. Results of the threshold and Engle-Granger cointegration confirm long-run equilibrium association between exports and imports indicating strong presence of sustainability of CAD in India. This reveals that after certain threshold level of current account deficit i.e., 3%, both export and import have different speed of adjustment towards long-run and their adjustment is asymmetric in nature. These results reveal that after certain threshold level of current account deficit, there should be systematic policy to adjust short-run behaviour of imports to bring back to the long-run for sustainability of current account deficit in India. The policy makers should consider the nonlinear behaviour of current account deficit while formulating any policy prescription towards sustainability of current account deficit in India. The export sector has to be encouraged and the import sector has to be restricted by implementing tight import restricted policies. Further, based on the threshold cointegration and asymmetric error correction mechanism, after estimated threshold, both exports and imports react differently to short-run positive and negative shocks. However, sufficient condition of intertemporal budget constraint is not satisfied by NARDL method. Overall findings conclude that CAD in India is weakly sustainable. Following the empirical results some policy suggestions are suggested.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101039"},"PeriodicalIF":1.2,"publicationDate":"2025-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143264545","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 free pre-kindergarten increase birth rates? Preliminary evidence from Vermont

IF 1.2

Research in Economics Pub Date : 2025-01-25 DOI: 10.1016/j.rie.2025.101040

Masanori Kuroki

引用次数: 0

Natural resources abundance and Income Inequality: Time series evidence from India

IF 1.2

Research in Economics Pub Date : 2025-01-13 DOI: 10.1016/j.rie.2025.101027

Nitish Kumar , Kundan Kumar

{"title":"Natural resources abundance and Income Inequality: Time series evidence from India","authors":"Nitish Kumar , Kundan Kumar","doi":"10.1016/j.rie.2025.101027","DOIUrl":"10.1016/j.rie.2025.101027","url":null,"abstract":"<div><div>This study examines how the abundance of natural resources influences income inequality in India for the period 1971 to 2020. The study employs the Lee and Strazicich unit root test to identify structural break in the data, the Bayer-Hanck test of Co-integration and, methods for example FMOLS, DOLS and CRR to estimate long run coefficient. Further, to determine the direction of causality among the variables, Pairwise Granger Causality Tests is used. The results of Bayer-Hanck test for Co-integration confirms the presence of long-run association among variables. Empirical results show that income inequality is positively and significantly related with natural resources, urbanization, digitalization and physical capital, while it is negatively associated with human capital. The Granger Causality test reveals a bidirectional causal relation between natural resources and digitalization, whereas a unidirectional causal relationship is observed from human capital and physical capital to income inequality. The result of this study recommends policymakers, addressing income inequality in India requires effective and equitable allocation of resources, ensuring digital inclusion of its citizens, economic integration, promoting sustainable urban development and investment in both human and physical capital.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 1","pages":"Article 101027"},"PeriodicalIF":1.2,"publicationDate":"2025-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170457","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

From globalization to glocalization: Cultural interdependence as a source of FDI motivation

IF 1.2

Research in Economics Pub Date : 2025-01-12 DOI: 10.1016/j.rie.2025.101024

Suparna Chakraborty , Miao Grace Wang , M. C. Sunny Wong

引用次数: 0

On the return distributions of a basket of cryptocurrencies and subsequent implications

IF 1.2

Research in Economics Pub Date : 2025-01-11 DOI: 10.1016/j.rie.2025.101028

Christoph J. Börner, Ingo Hoffmann, Lars M. Kürzinger, Tim Schmitz

引用次数: 0

Application of the estimation of multiple effect size to frontier efficiency meta-regression of agriculture in Ghana

IF 1.2

Research in Economics Pub Date : 2025-01-11 DOI: 10.1016/j.rie.2025.101026

Justice G. Djokoto , Akua Agyeiwaa-Afrane , Charlotte Badu-Prah , Ferguson K. Gidiglo , Francis Y. Srofenyoh , Kofi Aaron A-O. Agyei-Henaku

引用次数: 0

The effects of entry in bilateral oligopoly

IF 1.2

Research in Economics Pub Date : 2024-11-22 DOI: 10.1016/j.rie.2024.101014

Robin Naylor, Christian Soegaard

引用次数: 0

Bulkiness of goods and the gravity of international trade: Differential impact of trade barriers 货物的体积和国际贸易的引力：贸易壁垒的不同影响

IF 1.2

Research in Economics Pub Date : 2024-10-29 DOI: 10.1016/j.rie.2024.101013

Xuebing Yang

引用次数: 0

Oil Price and Long-run Economic Growth in Oil-importing Developing Countries 石油进口发展中国家的石油价格与长期经济增长

IF 1.2

Research in Economics Pub Date : 2024-10-15 DOI: 10.1016/j.rie.2024.101009

Samuel F. Gamtessa, Harminder Guliani

{"title":"Oil Price and Long-run Economic Growth in Oil-importing Developing Countries","authors":"Samuel F. Gamtessa, Harminder Guliani","doi":"10.1016/j.rie.2024.101009","DOIUrl":"10.1016/j.rie.2024.101009","url":null,"abstract":"<div><div>The recent spikes in oil prices are a significant setback for the world economy, which has already faced multiple challenges due to the COVID-19 pandemic. This is particularly concerning for developing countries as maintaining a sustained growth in real GDP is crucial for lifting their population out of poverty. While the short-run negative macroeconomic effects of a spike in oil prices are well established in the context of the developed world, the long-run growth effect has received little attention, especially in developing countries. Using the World Bank's development indicators database covering the period 1990 to 2020, this study aims to investigate the oil price-growth nexus in low and middle-income net oil-importing countries to shed light on how oil price increases could be a challenge for sustainable development. Specifically, we first set up a theoretical model to establish the relationship between growth in output per capita and oil price. Following the traditional growth regression approaches, we empirically estimate the causal effect of growth in oil prices on the economic growth of 65 net oil-importing developing countries using fixed effect panel IV regression methods. The empirical results confirm statistically significant negative effects of oil prices, indicating that a higher oil price reduces long-run economic growth in oil-importing developing countries. Our results on the other determinants of growth are consistent with the existing empirical growth literature. Oil-importing developing countries, therefore, must allocate resources towards alternative domestic energy sources, in addition to pursuing fuel efficiency and conservation strategies, to mitigate the negative effects of oil price fluctuations on their long-run economic output and uphold sustainable development.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"78 4","pages":"Article 101009"},"PeriodicalIF":1.2,"publicationDate":"2024-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142445854","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

Foreign aid and inequality: Do conflicts matter? 外国援助与不平等：冲突重要吗？

IF 1.2

Research in Economics Pub Date : 2024-10-11 DOI: 10.1016/j.rie.2024.101008

Martin Ambassa , Itchoko Motande Mondjeli Mwa Ndjokou , Pierre Christian Tsopmo

引用次数: 0