{"title":"How Mumbo-Jumbo conquered the world: empirical analysis of conspiracy theories","authors":"Serhan Cevik","doi":"10.1007/s10644-024-09717-7","DOIUrl":"https://doi.org/10.1007/s10644-024-09717-7","url":null,"abstract":"","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141338335","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}
{"title":"Green finance and Sustainable Development Goals: is there a role for geopolitical uncertainty?","authors":"Satar Bakhsh, Md Shabbir Alam, Wei Zhang","doi":"10.1007/s10644-024-09719-5","DOIUrl":"https://doi.org/10.1007/s10644-024-09719-5","url":null,"abstract":"","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141355167","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}
{"title":"The causal relationship between public debt and economic growth in G7 countries: new evidence from time and frequency domain approaches","authors":"Oguzhan Bozatli, Seref Can Serin, Murat Demir","doi":"10.1007/s10644-024-09716-8","DOIUrl":"https://doi.org/10.1007/s10644-024-09716-8","url":null,"abstract":"<p>Investigators of the public debt-economic growth nexus have yet to fully address the crucial issue of determining the direction of causality. There is an implicit assumption—or perception—that the causal relationship is mostly from public debt to economic growth. Beyond this, causal relationships may vary according to the presence of structural breaks as well as different frequency characteristics. The focus of this study is to address these issues. In this context, we comparatively investigate how structural changes and frequency characteristics affect the public debt-economic growth nexus using historical data covering the period 1870–2020 for G7 countries. Methodologically, we use Fourier Toda-Yamamoto and frequency-domain causality techniques from time and frequency-based approaches, respectively. Consistent with our expectations, we show that in the link between public debt and economic growth, they differ from or in some cases confirm each other based on the time and frequency-domain approaches. According to both approaches, in Italy and Japan, the feedback effect is valid, implying a mutual interaction between public debt and economic growth. Also, we find that this relationship is permanent. Similarly, we conclude that there is no causal relationship for France according to both approaches. For the remaining countries, however, we provide diverse evidence on both the direction of causality and the temporary/permanent nature of the causal relationship. The results on temporary or permanent causality at different frequencies offer policymakers and researchers detailed insights into an obscure aspect of the existing literature.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141193394","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}
{"title":"The impact of central bank digital currency on monetary policy effectiveness","authors":"Binghui Wu, Mengjiao Zhang","doi":"10.1007/s10644-024-09720-y","DOIUrl":"https://doi.org/10.1007/s10644-024-09720-y","url":null,"abstract":"<p>The emergence of central bank digital currency (CBDC) is a historic event in the transformation of traditional legal monetary forms. Its issuance and circulation change the existing monetary hierarchy and monetary system. From the perspective that CBDC affects the monetary policy effectiveness, we introduce CBDC, quantity rule, and price rule into the traditional dynamic stochastic general equilibrium model, and propose a new DSGE model including households, manufacturers, the government, and the central bank. The impacts of CBDC on the effectiveness of quantity-based and price-based monetary policies are discussed separately, and three conclusions are drawn. First, the technology shock has better policy effects under the price rule. Second, the response of economic variables to the price rule shock is more significant. Third, the CBDC interest rate shock produces desirable policy effects on economic variables. Based on the above conclusions, we put forward policy suggestions and future research directions.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141193055","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}
{"title":"Understanding EU regional macroeconomic tipping points using panel threshold technique","authors":"Saptorshee Kanto Chakraborty, Antoine Mandel","doi":"10.1007/s10644-024-09715-9","DOIUrl":"https://doi.org/10.1007/s10644-024-09715-9","url":null,"abstract":"","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141107627","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}
{"title":"Analyzing the role of mergers and acquisitions and environmental investment in achieving energy transition and sustainability","authors":"Yibing Li, Xuejiao Geng","doi":"10.1007/s10644-024-09691-0","DOIUrl":"https://doi.org/10.1007/s10644-024-09691-0","url":null,"abstract":"","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141124720","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}
{"title":"Does bank capital boost the productivity of the banking industry in EMCCA? A critical survey","authors":"André Arnaud Enguene, Issidor Noumba","doi":"10.1007/s10644-024-09710-0","DOIUrl":"https://doi.org/10.1007/s10644-024-09710-0","url":null,"abstract":"","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140962430","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}
{"title":"Testing the effects of fiscal policy shocks on output growth in recession and expansion: empirical evidence from developing countries","authors":"Rabia Rafique, Asad Nisar, Syed Sadaqat Ali Shah","doi":"10.1007/s10644-024-09708-8","DOIUrl":"https://doi.org/10.1007/s10644-024-09708-8","url":null,"abstract":"","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140967298","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}
{"title":"Does digital trade promote China’s manufacturing industry upgrading?—based on structure rationalization perspective","authors":"Wan Tang, Qingxin Lan","doi":"10.1007/s10644-024-09714-w","DOIUrl":"https://doi.org/10.1007/s10644-024-09714-w","url":null,"abstract":"","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":3.1,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140977648","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}