Research in Economics最新文献_第3页

Fertility decline and tax revenues in South Korea 韩国的生育率下降和税收

IF 1.2

Research in Economics Pub Date : 2025-01-31 DOI: 10.1016/j.rie.2025.101025

Joan E. Madia , Francesco Moscone , Asieh Hosseini Tabaghdehi , Jong-Chol An , Changkeun Lee

{"title":"Fertility decline and tax revenues in South Korea","authors":"Joan E. Madia , Francesco Moscone , Asieh Hosseini Tabaghdehi , Jong-Chol An , Changkeun Lee","doi":"10.1016/j.rie.2025.101025","DOIUrl":"10.1016/j.rie.2025.101025","url":null,"abstract":"<div><div>This study investigates the link between taxation and fertility in South Korea, focusing on the historical period surrounding the mid-70s tax reforms. The longstanding decline in fertility rates has been widely discussed in relation to factors such as increasing human capital, women’s employment, and rising housing costs, leading couples to postpone or forego childbearing decisions. However, less attention has been paid to how tax policies that influence disposable income and economic planning horizons could indirectly affect fertility choices. While taxation is crucial for funding social security systems, policies that reduce household resources without considering demographic impacts may have unintended consequences on population dynamics. Using a time-series of country-year from the World Bank, we exploit South Korea’s major mid-1970s tax reforms as a natural experiment to test the hypothesis that higher tax burdens also contributed to reducing fertility over the subsequent decades. The results suggest considerable negative effect of the mid-1970s tax reforms on fertility in South Korea. This macro-analysis shows tax policies can influence population dynamics, but lacks insight into how tax changes affected childbearing decisions at the household level. Future micro-level studies could reveal mechanisms linking tax policies and fertility behavior. Still, this study highlights potential demographic impacts of taxation policies. Policymakers should consider such consequences when modifying tax systems, especially policies related to family resources and child affordability.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101025"},"PeriodicalIF":1.2,"publicationDate":"2025-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143135590","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

Remittance and economic growth nexus in BRICS countries: Evidence from PSTR with endogeneity 金砖国家汇款与经济增长关系：来自PSTR的内生性证据

IF 1.2

Research in Economics Pub Date : 2025-01-30 DOI: 10.1016/j.rie.2025.101032

Kalandi Charan Pradhan , Lingaraj Mallick , Kalu Naik

{"title":"Remittance and economic growth nexus in BRICS countries: Evidence from PSTR with endogeneity","authors":"Kalandi Charan Pradhan , Lingaraj Mallick , Kalu Naik","doi":"10.1016/j.rie.2025.101032","DOIUrl":"10.1016/j.rie.2025.101032","url":null,"abstract":"<div><div>This study evaluates threshold impact of remittances on economic growth based on data for a sample of BRICS countries for the period 1994–2018. In doing so, we employ Panel Smooth Transition Regression (PSTR), which captures both heterogeneity and nonlinearity of smooth transition in estimated coefficients from one extreme to another regime. Based on the PSTR model results, the threshold of remittance ranges between 4.82 and 30.65 % for remittance percentage of GDP (RPG) in BRICS countries. Similarly, threshold estimated value of remittance varies from 27.45 to 30.76 % for the remittances received to paid ratio (RRP). We obtained extreme lower and extreme higher regimes characterized by smooth and sharp transitions in growth-remittances nexus conditional upon control variables for RPG under CG and L-BFGS-B algorithms, respectively. The findings suggest that remittance has a positive impact on economic growth under lower regime and negative impact under higher regime. As per the regression results, remittance has positive impact on economic growth below the estimated threshold whereas above the threshold remittance has negative consequences on economic growth. In addition, investment from abroad becomes growth neutral beyond the threshold. However, below the threshold foreign direct investment improves economic growth. In contrast, gross fixed capital formation substantially accelerates economic growth irrespective of extreme regimes underestimated threshold. Nevertheless, findings of trade balance impact on economic growth is estimated to be negative when it crosses the threshold of remittance. This study offers conspicuous policy suggestions based on the non-linear nexus of remittance and economic growth for BRICS countries.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101032"},"PeriodicalIF":1.2,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143360802","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 effect of mandated savings on private consumption: Evidence from Israel's pension reform 强制性储蓄对私人消费的影响：来自以色列养老金改革的证据

IF 1.2

Research in Economics Pub Date : 2025-01-30 DOI: 10.1016/j.rie.2025.101038

Roni Frish

引用次数: 0

Globalizing green innovation: Impact on green GDP and pathways to sustainability 全球化绿色创新：对绿色GDP的影响和可持续发展的途径

IF 1.2

Research in Economics Pub Date : 2025-01-29 DOI: 10.1016/j.rie.2025.101042

Muhammad Nadir Shabbir , Duong Thuy Linh

引用次数: 0

Bridging the divide: Exposing the intriguing link between international reserves and environmental status through the inverted U-shaped relationship 弥合鸿沟：通过倒u型关系揭示国际储备与环境状况之间的有趣联系

IF 1.2

Research in Economics Pub Date : 2025-01-27 DOI: 10.1016/j.rie.2025.101041

Aissa Djedaiet , Hicham Ayad , Salim Bourchid Abdelkader

{"title":"Bridging the divide: Exposing the intriguing link between international reserves and environmental status through the inverted U-shaped relationship","authors":"Aissa Djedaiet , Hicham Ayad , Salim Bourchid Abdelkader","doi":"10.1016/j.rie.2025.101041","DOIUrl":"10.1016/j.rie.2025.101041","url":null,"abstract":"<div><div>The BRICS countries have a significant influence on global environmental issues, ranking among the world's top polluters. Similarly, they possess the world's largest foreign exchange reserves. Nevertheless, this intriguing intertwining has not been investigated. This research gap inspired the study to examine how environmental conditions react to the accumulation of international reserves and to explore the potential existence of an inverted U-shaped relationship between 1993 and 2020. The empirical findings using Method of Moments Quantile Regression (MMQR) indicate an inverted U-shaped relationship between international reserves and environmental degradation in the BRICS countries. Initially, reserve accumulation is harmful to the environment, suggesting a prioritization of reserve accumulation over environmental sustainability. However, once a certain level is reached, reserves start to help protect the environment. Additional findings reveal that nonrenewable energy consumption, GDP, and population negatively affect the environment, whereas exports have a positive influence. The impact of FDI, however, is inconsistent and frequently lacks significance over time. Furthermore, the causality analysis supports all of the aforementioned findings.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 1","pages":"Article 101041"},"PeriodicalIF":1.2,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143103980","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

Asymmetric connectedness among the G7 REITs market: How important are oil returns, climate policy uncertainty, and geopolitical risks? 七国集团房地产投资信托基金市场之间的不对称联系：石油回报、气候政策不确定性和地缘政治风险有多重要？

IF 1.2

Research in Economics Pub Date : 2025-01-27 DOI: 10.1016/j.rie.2025.101043

Obaika M. Ohikhuare, Oluwatomisin J. Oyewole

{"title":"Asymmetric connectedness among the G7 REITs market: How important are oil returns, climate policy uncertainty, and geopolitical risks?","authors":"Obaika M. Ohikhuare, Oluwatomisin J. Oyewole","doi":"10.1016/j.rie.2025.101043","DOIUrl":"10.1016/j.rie.2025.101043","url":null,"abstract":"<div><div>This paper examines how global factors influence the asymmetric connectedness among G7 REITs markets. It hypothesizes that bearish markets may exhibit higher connectedness than bullish markets because people react more to losses than gains. Using the extended TVP-VAR model, the study estimates connectedness indexes under three market conditions across three samples: pre-crisis, crisis, and full sample. The findings reveal that REIT markets are more connected in bearish conditions than in bullish ones, even when connectedness was heightened during crises. Additionally, the study reveals that market conditions can alter risk and opportunity spillover structures among G7 REITs, making assets considered safe in one market risky in another, especially during crises. We further explain how geopolitical risks and climate policy uncertainty drive crude oil returns and how they collectively influence G7 REITs' connectedness. To achieve this, we employed both causality-in-quantile and quantile regression techniques. We found that these factors have a heterogeneous impact on total connectedness across market conditions, samples, and quantiles, offering valuable insights for policymakers and investors.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101043"},"PeriodicalIF":1.2,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143403184","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 effect of a skilled workforce on price levels 熟练劳动力对价格水平的影响

IF 1.2

Research in Economics Pub Date : 2025-01-27 DOI: 10.1016/j.rie.2025.101035

Roni Frish

引用次数: 0

The intergenerational transmission of health during childhood 童年期健康的代际传递

IF 1.2

Research in Economics Pub Date : 2025-01-27 DOI: 10.1016/j.rie.2025.101029

Kunz Modeste Mbenga Bindop, Benjamin Fomba Kamga

{"title":"The intergenerational transmission of health during childhood","authors":"Kunz Modeste Mbenga Bindop, Benjamin Fomba Kamga","doi":"10.1016/j.rie.2025.101029","DOIUrl":"10.1016/j.rie.2025.101029","url":null,"abstract":"<div><div>Health during childhood is a key determinant of future outcomes. However, some children start life in an unfavourable situation just because of their family inheritance. This study analyses mother's health effect on their offspring's health aged 0–12 years, and the interaction between mothers’ health and education in the child's health production. By using an original instrument and applying an endogenous multivariate probit to the last two “Enquêtes Camerounaises Auprès des Ménages” (ECAM 3 and 4), the study reveals an intergenerational transmission of health during childhood life and the complementarity of mothers' health and educational capital in the production of health for their children. Although inequalities in health decrease with the mother's educational level, there are thresholds beyond which this effect fade due to the potential excessive participation of women in the labour market. The fall in this phenomenon in the older cohort (6 to 12 years) reveals the importance for the most educated mothers to make a more altruistic trade-off between economic work and childcare in the first five years of their offspring's lives. However, the self-assessed use of healthcare by children reported by parents could be a limitation inherent to the quality of the data used in the Cameroonian context.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101029"},"PeriodicalIF":1.2,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143387362","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

Examining the role of environmental tax, green innovation, and digital financial inclusion for energy transition: Evidence from OECD countries 考察环境税、绿色创新和数字普惠金融在能源转型中的作用：来自经合组织国家的证据

IF 1.2

Research in Economics Pub Date : 2025-01-26 DOI: 10.1016/j.rie.2025.101034

Thai Hong Le, Minh Lam Mai, Mai Quynh Thi Nguyen, Anh Phuong Nguyen, Chi Phuong Do

引用次数: 0

Re-assessment of sustainability of current account deficit in India: Insights from threshold cointegration and NARDL analysis 印度经常账户赤字可持续性的再评估：来自阈值协整和NARDL分析的见解

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