Economic Change and Restructuring最新文献

Is inflation good for business? the firm-level impact of inflation shocks in the Baltics, 1997–2020 通货膨胀对企业有利吗？1997-2020 年波罗的海地区通货膨胀冲击对企业的影响

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-09-13 DOI: 10.1007/s10644-024-09749-z

Serhan Cevik, Alice Fan, Sadhna Naik

{"title":"Is inflation good for business? the firm-level impact of inflation shocks in the Baltics, 1997–2020","authors":"Serhan Cevik, Alice Fan, Sadhna Naik","doi":"10.1007/s10644-024-09749-z","DOIUrl":"https://doi.org/10.1007/s10644-024-09749-z","url":null,"abstract":"Using a large panel of firm-level data, this paper provides an analysis of how inflation shocks in the Baltics between 1997 and 2020 affected total factor productivity (TFP), gross profitability, and net fixed investment in nonfinancial sectors. First, we find that inflation and inflation volatility had mixed effects on TFP growth, profitability and net fixed investment spending in the first year as well as over the medium term, albeit at a dissipating rate. Second, focusing on subsamples, we find that inflation shocks had differential effects on large versus small firms. Third, we explore sectoral heterogeneity in how firms responded to inflation shocks and observe significant variation across tradable and non-tradable sectors. Finally, estimates from a state-dependent model suggest that firms’ response to inflation shocks varied with the state of the economy. The results suggest that nonfinancial firms in the Baltics have been agile in adjusting to inflation shocks, possibly by either transferring higher production costs to consumers or substituting inputs. Given the differences in the level and nature of the recent inflation shock and the sample period on which our analysis is based, empirical findings presented in this paper might not necessarily apply to the latest bout of inflation in the Baltics.","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142180029","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Climate change, poverty and child health inequality: evidence from Vietnam’s provincial analysis 气候变化、贫困与儿童健康不平等：来自越南省级分析的证据

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-09-09 DOI: 10.1007/s10644-024-09743-5

Cong Minh Huynh, Bao Khuyen Tran

引用次数: 0

Internal rates of return for public R&D from VECM estimates for 17 OECD Countries 17 个经合组织国家通过 VECM 估算的公共研发内部收益率

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-09-09 DOI: 10.1007/s10644-024-09740-8

Thomas H.W. Ziesemer

引用次数: 0

Public debt and inequality in Sub-Saharan Africa: the case of EMCCA and WAEMU countries 撒哈拉以南非洲的公债与不平等：欧洲货币和金融市场共同市场及西非经货联盟国家的案例

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-09-08 DOI: 10.1007/s10644-024-09744-4

Mihai Mutascu, Albert Lessoua, Nicolae Bogdan Ianc

引用次数: 0

Charting the BRIC countries’ connection of political stability, economic growth, demographics, renewables and CO2 emissions 描绘金砖四国在政治稳定、经济增长、人口结构、可再生能源和二氧化碳排放方面的联系

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-09-06 DOI: 10.1007/s10644-024-09746-2

Simona-Vasilica Oprea, Irina Alexandra Georgescu, Adela Bâra

引用次数: 0

Funding sources, colonial legacy, and new firms’ creation in Africa 资金来源、殖民遗产与非洲新公司的创建

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-08-29 DOI: 10.1007/s10644-024-09737-3

C. Massidda, R. Piras

{"title":"Funding sources, colonial legacy, and new firms’ creation in Africa","authors":"C. Massidda, R. Piras","doi":"10.1007/s10644-024-09737-3","DOIUrl":"https://doi.org/10.1007/s10644-024-09737-3","url":null,"abstract":"This study examines the determinants of new firm creation in Africa, focusing on external and internal funding sources and their interactions. It also explores the influence of colonial history by separately analyzing former British and French colonies. The primary goal is to help fill crucial gaps in African literature on the determinants of entrepreneurship. Given Africa's widespread poverty and underdevelopment, understanding what drives entrepreneurship is essential for job creation and economic growth. The study reveals three key findings. First, at the full sample level, remittances are the only external financing source positively associated with new firm creation, while foreign aid and foreign direct investment obstacle it. Internal sources, like savings and credit, do not show significant effects. Second, the subsample analysis reveals heterogeneous results: former British colonies' funding sources align with the overall findings, while in former French colonies, only savings support entrepreneurship. Third, considering control variables, the subsample analysis indicates two distinct entrepreneurship models: opportunity-based in former British colonies and necessity-based in former French colonies. These findings are noteworthy and provide significant policy implications at both national and international levels. Crucially, the positive role of remittances in financing new business initiatives, confirms that migration serves as a mutually beneficial arrangement for both sending African countries and the host countries.","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142180131","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Skill intensity in manufacturing exports: Do basic, technology-intensive or differentiated exports cause growth in Kuwait? 制造业出口的技能密集度：基础出口、技术密集型出口还是差异化出口会促进科威特的经济增长？

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-08-27 DOI: 10.1007/s10644-024-09735-5

Athanasia Stylianou Kalaitzi

{"title":"Skill intensity in manufacturing exports: Do basic, technology-intensive or differentiated exports cause growth in Kuwait?","authors":"Athanasia Stylianou Kalaitzi","doi":"10.1007/s10644-024-09735-5","DOIUrl":"https://doi.org/10.1007/s10644-024-09735-5","url":null,"abstract":"This study examines the causality between basic, technology-intensive, and differentiated manufacturing exports and economic growth in Kuwait using data from 1970 to 2021 and two augmented production function models: one with natural resource exports (Model 1) and the other without on both sides of the model (Model 2). The Johansen cointegration and the autoregressive distributed lag model (ARDL) bound tests are conducted to examine the long-run relationship between the variables. In addition, the Granger causality test in a vector autoregressive framework (VAR) and the Toda–Yamamoto test are employed to explore the directions of the short- and long-run causality between variables, respectively. The empirical results of Model 1 indicate that neither of the decomposed manufacturing exports directly causes economic growth in the short or long run at any conventional significance level, whereas natural resource exports cause economic growth, basic and technology-intensive manufactured exports in the short-run at the 5% level. Model 2 estimations confirm the absence of direct causality between decomposed manufacturing exports and economic growth, whereas a long-run causality runs from output net of natural resource exports to basic manufactured exports at the 10% level. Both model estimations indicate that all the variables jointly cause economic growth and basic manufactured exports in the short and long run, directly or indirectly through imports, confirming the existence of a circular causation. These findings can serve as the basis for designing specific export–import policies to foster diversification and a sustainable economic growth in line with Kuwait’s Vision 2035.","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142180134","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Nexus between CO2 emission, renewable energy, trade openness and foreign direct investment, and output volatility 二氧化碳排放、可再生能源、贸易开放度和外国直接投资与产出波动之间的联系

IF 4 3区经济学

Economic Change and Restructuring Pub Date : 2024-08-09 DOI: 10.1007/s10644-024-09736-4

Chinmaya Behera, R. Mohanty, Biswashree Tanaya Priyadarsini, Debasis Patnaik

引用次数: 0

Examining the complex causal relationships between the digital economy and urban tourist destination competitiveness 研究数字经济与城市旅游目的地竞争力之间复杂的因果关系

IF 3.1 3区经济学

Economic Change and Restructuring Pub Date : 2024-08-02 DOI: 10.1007/s10644-024-09739-1

Yan Zhang, Jiekuan Zhang

引用次数: 0

Oil price, economic policy uncertainty and food prices in oil-exporting and oil-importing developing economies 石油出口和石油进口发展中经济体的石油价格、经济政策不确定性和粮食价格

IF 4 3区经济学

Economic Change and Restructuring Pub Date : 2024-07-22 DOI: 10.1007/s10644-024-09733-7

Ding Chen, U. Gummi, Shanbing Lu, Adamu Hassan

引用次数: 0