Research in Economics最新文献_第4页

Loss and gain framing to encourage repeated real-effort provision: An experiment 损失和收益框架鼓励重复的实际努力提供：一个实验

IF 1.2

Research in Economics Pub Date : 2025-09-01 Epub Date: 2025-02-03 DOI: 10.1016/j.rie.2025.101030

Penelope Buckley, Béatrice Roussillon, Sabrina Teyssier

引用次数: 0

Interdependent cyber risk and the role of insurers 相互依赖的网络风险和保险公司的角色

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Research in Economics Pub Date : 2025-09-01 Epub Date: 2025-03-26 DOI: 10.1016/j.rie.2025.101059

Ulrik Franke , Albina Orlando

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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 : 2025-06-01 Epub 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":"2025-06-01","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

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 : 2025-06-01 Epub 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":"2025-06-01","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

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 : 2025-06-01 Epub 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":"2025-06-01","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

Regime-dependent health care employment dynamics in recessions 经济衰退中依赖体制的医疗保健就业动态

IF 1.2

Research in Economics Pub Date : 2025-06-01 Epub Date: 2025-02-08 DOI: 10.1016/j.rie.2025.101036

Luiggi Donayre, Lacey Loomer

{"title":"Regime-dependent health care employment dynamics in recessions","authors":"Luiggi Donayre, Lacey Loomer","doi":"10.1016/j.rie.2025.101036","DOIUrl":"10.1016/j.rie.2025.101036","url":null,"abstract":"<div><div>We relax the assumption that recessions are all alike in studying whether U.S. health care employment is recession-proof. Because health care services are inelastic and largely driven by costs, we argue that economic conditions influence health care employment only to the extent that they significantly affect health care wage growth. Using U.S. monthly data for 1990–2022, we estimate a threshold vector autoregression that allows for regime-dependent negative demand and negative supply shocks in examining the response of health care employment growth in recessionary periods. When wage growth is high as determined by an endogenously-estimated threshold, we find a large and significant reduction in health care employment growth during demand-induced recessions and a smaller decline during supply-induced recessions. Meanwhile, health care employment growth does not respond significantly to negative demand or supply shocks in the low-cost regime. Further, a disaggregated analysis evidences large heterogeneity across sub-sectors. In this way, our findings reveal that both the source of the shock and health care wage growth are important in explaining health care employment dynamics. Thus, health care organizations that are more labor cost efficient will be more insulated from economic disruptions.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101036"},"PeriodicalIF":1.2,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143378781","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

Unpacking corruption: The role of economic freedom in developing countries 揭露腐败：经济自由在发展中国家的作用

IF 1.2

Research in Economics Pub Date : 2025-06-01 Epub Date: 2025-02-07 DOI: 10.1016/j.rie.2025.101044

Brandon Parsons

{"title":"Unpacking corruption: The role of economic freedom in developing countries","authors":"Brandon Parsons","doi":"10.1016/j.rie.2025.101044","DOIUrl":"10.1016/j.rie.2025.101044","url":null,"abstract":"<div><div>This comprehensive study examines the effects of economic freedom on corruption in a panel of 92 developing countries from 1995 to 2021. The study uses two composite measures of economic freedom: the Fraser Institute and the Heritage Foundation. The study also tests individual subcomponents of each composite economic freedom measure (e.g., regulation and government size). The study finds composite economic freedom measures moderate corruption. The results are robustly tested and consistent across three corruption measures (i.e., ICRG, Transparency International, World Bank), model specifications, and econometric frameworks (e.g., OLS, FE, RE, FGLS, GMM). The study uses the Method of Moment quantile econometric framework to test if there is an uneven effect based on the corruption environment (e.g., low corruption versus high corruption). The study finds economic freedom reduces corruption even in countries with the most rampant corruption, which counters findings from other studies. Economic freedom subcomponent analysis reveals property rights protection and deregulation are particularly effective at reducing corruption. One dimension of economic freedom that can exacerbate corruption is smaller governments, as they may lack the capacity to provide adequate oversight and enforcement of laws and regulations.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101044"},"PeriodicalIF":1.2,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143387363","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

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 : 2025-06-01 Epub 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":"2025-06-01","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

Relative age, college satisfaction, and student perceptions of skills gained 相对年龄，大学满意度和学生对所获得技能的看法

IF 1.2

Research in Economics Pub Date : 2025-06-01 Epub Date: 2025-02-03 DOI: 10.1016/j.rie.2025.101037

P. Wesley Routon , Jay K. Walker

{"title":"Relative age, college satisfaction, and student perceptions of skills gained","authors":"P. Wesley Routon , Jay K. Walker","doi":"10.1016/j.rie.2025.101037","DOIUrl":"10.1016/j.rie.2025.101037","url":null,"abstract":"<div><div>School starting age policies typically result in academic cohorts where the oldest students are approximately a full year older than their youngest peers. A student’s relative age in their cohort has been shown to have significant effects on a growing list of outcomes, academic and non-academic. On average, relatively older students have been found to perform better in school, particularly during early education. Some evidence exists they continue to fare better in post-college labor markets. Soft skills, satisfaction with education, and collegiate differentials, generally, have received less attention. Using a sample of students from hundreds of U.S. colleges and universities, we estimate the effects of relative age on student satisfaction with higher education and their perceived gains in 13 knowledge and skill categories during undergraduate tenure. College GPAs are also examined. Controlling for other factors, relatively older students report smaller gains in a large number of skill and knowledge categories. In none of the categories available for analysis do they report higher average gains. This does not appear due to academic achievement or involvement, as they also earn similar grades, on average, and report feeling similarly satisfied with their overall collegiate experience and instruction specifically. Thus, while relatively older students earn similar grades and leave college no less satisfied, they perceive to have benefited less from higher education in terms of skill and knowledge gains.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101037"},"PeriodicalIF":1.2,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143350670","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 : 2025-06-01 Epub Date: 2025-01-30 DOI: 10.1016/j.rie.2025.101038

Roni Frish

引用次数: 0