Research in Economics最新文献_第8页

Stronger Patent Regime, Innovation and Scientist Mobility 加强专利制度、创新和科学家流动性

IF 1.2

Research in Economics Pub Date : 2024-12-01 Epub Date: 2024-09-18 DOI: 10.1016/j.rie.2024.101004

Madhuparna Ganguly

引用次数: 0

The effect of human capital on the trade-growth nexus: A dynamic panel threshold analysis 人力资本对贸易-增长关系的影响：动态面板阈值分析

IF 1.2

Research in Economics Pub Date : 2024-12-01 Epub Date: 2024-09-01 DOI: 10.1016/j.rie.2024.100988

Mariem Gharsallah, Salwa Trabelsi

引用次数: 0

Beyond banks: Navigating the shift to peer-to-peer lending for small enterprises 超越银行：引导小企业向点对点贷款转变

IF 1.2

Research in Economics Pub Date : 2024-12-01 Epub Date: 2024-09-20 DOI: 10.1016/j.rie.2024.101002

Alina Malkova , Alex Weng

引用次数: 0

The macroeconomic effects of productivity shocks: Predictions of conventional business cycle models are not always incompatible with SSA economies 生产力冲击对宏观经济的影响：传统商业周期模型的预测并非总是与撒哈拉以南非洲经济体不相容

IF 1.2

Research in Economics Pub Date : 2024-12-01 Epub Date: 2024-10-10 DOI: 10.1016/j.rie.2024.101012

Emmanuel Ameyaw

{"title":"The macroeconomic effects of productivity shocks: Predictions of conventional business cycle models are not always incompatible with SSA economies","authors":"Emmanuel Ameyaw","doi":"10.1016/j.rie.2024.101012","DOIUrl":"10.1016/j.rie.2024.101012","url":null,"abstract":"<div><div>Despite the increasing application of DSGE and RBC models to Sub-Saharan African (SSA) economies, questions persist about their alignment with empirical evidence for these economies. This study challenges claims of substantial incongruity with respect to the propagation of productivity shocks by demonstrating a close correspondence between empirical evidence for Ghana’s economy and predictions of the classical real business cycle model. Following a positive productivity shock, we observe a positive comovement among aggregate demand variables (i.e., consumption, investment, government spending, exports, and imports), aggregate supply variables (capital and labor), and money supply while the inflation rate and interest rate decline. Among these, we find the responses of output, consumption, government spending, and inflation rate to be statistically significant. These results contradict assertions of discordance between conventional business cycle models and SSA structural characteristics, at least for Ghana’s economy. The study is motivated by limited empirical evidence on how productivity shocks propagate through SSA economies, and for Ghana, there is no such study. On a secondary goal and by virtue of using a time-varying parameter VAR model, our results also suggest that Ghana’s long business cycle moderation from the mid-1980s to about 2010 was primarily due to a reduction in the volatility of shocks hitting the economy rather than changes in the structural relationship between macroeconomic variables.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"78 4","pages":"Article 101012"},"PeriodicalIF":1.2,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142445853","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

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 : 2024-12-01 Epub 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":"2024-12-01","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

CBDC and banking stability: Modeling cascading effects on reserves, lending, and liquidity CBDC 与银行业稳定性：模拟对储备金、贷款和流动性的连带效应

IF 1.2

Research in Economics Pub Date : 2024-12-01 Epub Date: 2024-09-12 DOI: 10.1016/j.rie.2024.101005

Gilles Brice M'bakob , Anatole Tchounga

{"title":"CBDC and banking stability: Modeling cascading effects on reserves, lending, and liquidity","authors":"Gilles Brice M'bakob , Anatole Tchounga","doi":"10.1016/j.rie.2024.101005","DOIUrl":"10.1016/j.rie.2024.101005","url":null,"abstract":"<div><p>This research uses a dynamic modelling approach to design and simulate an equilibrium model of the interaction between CBDC issuance, deposits and bank reserves. With many central banks announcing their intention to issue central bank digital currencies (CBDCs), it has become imperative to rigorously analyse the potential impact of these issues on the banking system. This study aims to examine the implications of the introduction of CBDCs within a robust analytical framework, in order to inform policymakers and financial sector players about the possible consequences of this major monetary innovation. The study results show that overconfidence of economic agents towards CBDCs can drastically reduce bank reserves, thereby limiting the lending capacity of banks and creating liquidity problems. Similarly, increasing reserve requirements in fiat currency for each unit of CBDC issued can constrain bank reserves and restrict loans and deposits. Additionally, a rise in interest rates on CBDC-related loans can discourage borrowers, thereby reducing loan demand and affecting banking activity. An increase in interest rates leads to a decrease in the quantity of CBDC in circulation, an increase in bank reserves and deposits in CBDC, and a decrease in bank loans. Monitoring the level of confidence of economic agents towards CBDCs is crucial to avoid excessive speculation.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"78 4","pages":"Article 101005"},"PeriodicalIF":1.2,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142274627","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 causes and consequences of official diplomatic visits: A survey 官方外交访问的前因后果：调查

IF 0.6

Research in Economics Pub Date : 2024-09-01 Epub Date: 2024-06-03 DOI: 10.1016/j.rie.2024.100978

Oasis Kodila-Tedika , Sherif Khalifa

引用次数: 0

Skilled emigration in a world of variety 多样化世界中的技术移民

IF 0.6

Research in Economics Pub Date : 2024-09-01 Epub Date: 2024-06-03 DOI: 10.1016/j.rie.2024.100979

Subhasree Basak , Kausik Gupta

引用次数: 0

Effect of ageing on housing prices: A perspective from an overlapping generation model 老龄化对房价的影响：从世代重叠模型的角度看问题

IF 0.6

Research in Economics Pub Date : 2024-09-01 Epub Date: 2024-04-24 DOI: 10.1016/j.rie.2024.100960

Tianyu Sun , Satish Chand , Keiran Sharpe

引用次数: 0

Effects of the 2001 draft suspension in Spain on educational attainment 2001 年西班牙暂停征兵对教育程度的影响

IF 0.6

Research in Economics Pub Date : 2024-09-01 Epub Date: 2024-06-04 DOI: 10.1016/j.rie.2024.100980

Stefani Milovanska-Farrington, Cagdas Agirdas

{"title":"Effects of the 2001 draft suspension in Spain on educational attainment","authors":"Stefani Milovanska-Farrington, Cagdas Agirdas","doi":"10.1016/j.rie.2024.100980","DOIUrl":"https://doi.org/10.1016/j.rie.2024.100980","url":null,"abstract":"<div><p>Following the fall of the Berlin Wall and the end of the Cold War, multiple European countries abolished compulsive military service to opt for a professional military. These reforms may have positive or negative effects on young men's educational attainment. On one hand, these individuals may have more time to pursue their education without the interruption caused by compulsive military service. On the other, if young men were using their education as a way to delay or prevent compulsive military service, then they may pursue less education in the absence of such an incentive. In this study, we ask how the 2001 reform to abolish compulsive military service in Spain affected educational attainment of young men. Using a difference-in-differences approach along time and gender, we find that there was a significant increase in university education and a significant decrease in secondary education after the reform. Next, we use a triple difference model along time, gender and a binary variable indicating whether both of the young man's parents were low educated in order to analyze the potential heterogenous effects of the reform depending on the education level of an individual. We find that an average young man born after 1982 was 7.6% more likely to obtain university education and 9.7% less likely to obtain secondary education after the reform. Finally, we control for time, year, and province of birth fixed effects to mitigate omitted variable bias. Our results remain similar except that the positive effect of the reform on university education becomes marginally significant.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"78 3","pages":"Article 100980"},"PeriodicalIF":0.6,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141289248","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