发布求助
文献互助 智能选刊 最新文献

Bulletin of Economic Research最新文献

筛选
英文 中文
On the Market Structure in One-Way Intraindustry Trade 单向行业内交易的市场结构研究
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-11-10 DOI: 10.1111/boer.70017
Haokai Ning, Keke Sun
{"title":"On the Market Structure in One-Way Intraindustry Trade","authors":"Haokai Ning,&nbsp;Keke Sun","doi":"10.1111/boer.70017","DOIUrl":"10.1111/boer.70017","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper explores a one-way intraindustry trade model with government intervention, highlighting the role of antitrust regulations in promoting domestic industry competition to enhance the exporting country's social welfare. Under a monopoly in the exporting country, social welfare of the exporting country is lower than that of the importing country. However, as domestic competition intensifies, the exporting country's social welfare exceeds that of the importing country. Notably, increased competition in the local market of the exporting country consistently improves its social welfare, irrespective of the degree of product differentiation.</p></div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"292-307"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147686019","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Are We on the Path Toward a New Paradigm of Development in Some Leading African Countries? An Empirical Trial for Healing From Dutch Disease and Challenging the Resource Curse 非洲一些主要国家正在走向新的发展模式吗？治疗荷兰病和挑战资源诅咒的经验试验
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-12-08 DOI: 10.1111/boer.70025
Jules-Eric Tchapchet-Tchouto, Luc Savard, Bruno Emmanuel Ongo Nkoa, Diadié Diaw, Gérard Duthil
{"title":"Are We on the Path Toward a New Paradigm of Development in Some Leading African Countries? An Empirical Trial for Healing From Dutch Disease and Challenging the Resource Curse","authors":"Jules-Eric Tchapchet-Tchouto,&nbsp;Luc Savard,&nbsp;Bruno Emmanuel Ongo Nkoa,&nbsp;Diadié Diaw,&nbsp;Gérard Duthil","doi":"10.1111/boer.70025","DOIUrl":"10.1111/boer.70025","url":null,"abstract":"<div>\u0000 \u0000 <p>Empirical studies examining the resource curse in developing countries have failed to contradict this core theory, deeply rooted in the debate on natural resources. This paper innovates by challenging the Dutch disease literature. Indeed, we examine the relationship between natural resources, economic complexity (EC), institutions environment, and industrialization with data spanning the period 2000–2019 for 17 leading African countries. Backed by empirical analysis with OLS for baseline estimations, robustness with additional control variables for attrition bias issues, 4-years average data that eliminates short-run fluctuations, quantile analysis for differentiated countries heterogeneous threshold effects, 2SLS instrumental variables and two-step system Generalized Method of Moments that resolve endogeneity concerns, we show that natural resources can enhance industrialization. We demonstrate that moving to higher levels of natural resources rents, EC that captures the amount of knowledge and know-how embodied in the products each country produces, and higher level of institutional quality considered as the backbone of the economy, also leads to a better level of industrialization. More so, by testing interaction effects between natural resources and EC associated with NRs and quality of institutions index, the impact of NRs on industrialization is positive and statistically significant unlike the well-known Dutch disease theory.</p>\u0000 </div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"410-442"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147686973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Return-Volatility Nexus in the Digital Asset Class: A Dynamic Multilayer Connectedness Analysis 数字资产类别的收益-波动关系：动态多层连通性分析
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-12-23 DOI: 10.1111/boer.70035
Elie Bouri, Matteo Foglia, Sayar Karmakar, Rangan Gupta
{"title":"Return-Volatility Nexus in the Digital Asset Class: A Dynamic Multilayer Connectedness Analysis","authors":"Elie Bouri,&nbsp;Matteo Foglia,&nbsp;Sayar Karmakar,&nbsp;Rangan Gupta","doi":"10.1111/boer.70035","DOIUrl":"10.1111/boer.70035","url":null,"abstract":"<div>\u0000 \u0000 <p>Based on the rationale that returns and volatility are interrelated, we apply a multilayer network framework involving the return layer and volatility layer of cryptocurrencies, NFTs, and DeFi assets over the period January 1, 2018–January 23, 2024. The results show significant connectedness in each of the return and volatility layers, with major cryptocurrencies such as Bitcoin and Ethereum playing a central role. Large spikes in the level of connectedness are noticed around COVID-19 pandemic and Russia–Ukraine conflict, and Bitcoin and Ethereum emerge as net transmitters of returns and volatility shocks, emphasizing their significant role around these crisis periods. Notably, a strong positive rank correlation exists between the return and volatility layers, highlighting the significant risk–return relationship in the digital asset class. The findings suggest that economic actors should not ignore the interconnectedness between the return and volatility layers in the system of cryptocurrencies, NFTs, and DeFi assets for the sake of a comprehensive analysis of information flow. Otherwise, a share of the information flow concerning the return–volatility nexus across these digital assets would be missed, possibly leading to inferences regarding asset pricing, portfolio allocation, and risk management.</p>\u0000 </div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"498-512"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147686216","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Cooperation and Managerial Delegation in Duopoly Revisited 再论双头垄断的合作与管理委托
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-11-26 DOI: 10.1111/boer.70027
José A. Novo-Peteiro
{"title":"Cooperation and Managerial Delegation in Duopoly Revisited","authors":"José A. Novo-Peteiro","doi":"10.1111/boer.70027","DOIUrl":"10.1111/boer.70027","url":null,"abstract":"<p>This paper shows that the cooperative game with managerial delegation (in both the Cournot and Bertrand settings) and the Bertrand benchmark game (without delegation or cooperation) are equivalent in duopoly. The cooperative solution may be the equilibrium of the game, and this outcome can be beneficial for consumer surplus and welfare when managers face output-based incentives. Moreover, if product differentiation is sufficiently high, the condition for collusion to be stable over time is the same when the duopolists are price-setters and strictly profit-seeking, and when they are either price-setters or quantity setters, and owners and managers can collude when deciding their respective strategic variable.</p>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"368-384"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/boer.70027","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147686793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Determinants of Amount Raised in Equity Crowdfunding Campaigns: An Application of Truncated Regression 股权众筹活动融资金额的决定因素：截断回归的应用
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-11-11 DOI: 10.1111/boer.70015
Xuerui Ma, Peter G. Moffatt, Simon A. Peters
{"title":"Determinants of Amount Raised in Equity Crowdfunding Campaigns: An Application of Truncated Regression","authors":"Xuerui Ma,&nbsp;Peter G. Moffatt,&nbsp;Simon A. Peters","doi":"10.1111/boer.70015","DOIUrl":"10.1111/boer.70015","url":null,"abstract":"<p>Secondary-market data on 1189 crowdfunding campaigns, extracted from the leading UK equity crowdfunding platform Seedrs, is used to identify the determinants of amount invested. A key feature of the dataset is that only successful campaigns are observed. For this reason, we depart from previous literature by applying the truncated regression estimator instead of ordinary least squares regression. We cluster at the company level in order to allow for multiple campaigns per company. The importance of allowing for truncation is confirmed using the Hausman test. Moreover, allowing for truncation alters the conclusions arising from previous literature concerning the effects of standard variables, including target amount, amount of equity offered, and number of team members participating in the venture. Quadratic terms are introduced in order to identify “sweet spots.” Textual dummies are included in order to identify words that enhance investor appeal. The Linktest misspecification testing procedure confirms the validity of our final model.</p>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"308-316"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/boer.70015","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147685979","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","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 Financial Eco-Environment and Capital Allocation Efficiency: Evidence From China's Provinces 金融生态环境与资本配置效率：来自中国各省的证据
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-12-15 DOI: 10.1111/boer.70031
Shaokang Xu
{"title":"The Financial Eco-Environment and Capital Allocation Efficiency: Evidence From China's Provinces","authors":"Shaokang Xu","doi":"10.1111/boer.70031","DOIUrl":"10.1111/boer.70031","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper investigates the impact of China's financial eco-environment on capital allocation efficiency through both theoretical analysis and empirical research. The theoretical section reviews relevant literature and theories, proposing direct and indirect pathways—via technological innovation and foreign direct investment (FDI)—through which the financial eco-environment influences capital allocation efficiency. The empirical section uses panel data from 30 Chinese provinces from 2000 to 2020. Employing the entropy method and data envelopment analysis (DEA), we measure the levels of the financial eco-environment and capital allocation efficiency in China. Various econometric models, including fixed effects and System GMM, are utilized to assess the impact of the financial eco-environment and its components on capital allocation efficiency. The findings reveal that (1) improvements in the financial eco-environment significantly enhance capital allocation efficiency; (2) the impact of individual components of the financial eco-environment on capital allocation efficiency varies, with government behavior, institutional and credit culture, and economic foundation ranked by their influence. Notably, government behavior has a negative correlation, whereas economic foundation and institutional and credit culture have positive correlations with capital allocation efficiency; (3) the financial eco-environment indirectly affects capital allocation efficiency through technological innovation and FDI.</p>\u0000 </div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"458-478"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147686102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Equilibrium With Non-Convex Preferences: Some Insights 具有非凸偏好的均衡：一些见解
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-11-25 DOI: 10.1111/boer.70024
Cuong Le Van, Ngoc-Sang Pham
{"title":"Equilibrium With Non-Convex Preferences: Some Insights","authors":"Cuong Le Van,&nbsp;Ngoc-Sang Pham","doi":"10.1111/boer.70024","DOIUrl":"10.1111/boer.70024","url":null,"abstract":"<div>\u0000 \u0000 <p>We study the existence of equilibrium when agents' preferences may not be convex. For some specific utility functions, we provide a necessary and sufficient condition under which there exists an equilibrium. The standard approach cannot be directly applied to our examples because the demand correspondence of some agents is neither single-valued nor convex-valued.</p></div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"358-367"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147686788","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Should the Stock be Held in Fear Sentiment? 应该在恐惧情绪中持有股票吗？
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-11-10 DOI: 10.1111/boer.70016
Fangying Liu, Chi Wei Su, Meng Qin, Muhammad Umar
{"title":"Should the Stock be Held in Fear Sentiment?","authors":"Fangying Liu,&nbsp;Chi Wei Su,&nbsp;Meng Qin,&nbsp;Muhammad Umar","doi":"10.1111/boer.70016","DOIUrl":"10.1111/boer.70016","url":null,"abstract":"<div>\u0000 \u0000 <p>Investor sentiment significantly increases the vulnerability of financial markets and the fluctuations in asset prices. In this scenario, this research examines the nexus between stock prices (SP) and the fear and greed index (FGI) in the G7 countries, further exploring the hedging potential of stocks during periods of heightened fear sentiment. Utilizing the quantile correlation and quantile partial correlation methods, we find that the Japanese stock market can withstand short-term shock of fear sentiment across the full sample, as well as the pandemic and Russia–Ukraine conflict period. However, the short-term negative effects of FGI on other SPs shift in the medium and long term. Furthermore, results from the sub-sample analysis indicate that market uncertainty stemming from the pandemic and the Russia–Ukraine war heightens investors’ risk aversion towards the stock market, resulting in a sharp short-term decline in SP. In the long term, investors can incorporate G7 stocks into their portfolios to mitigate investment losses arising from fear sentiment. Given the complex international environment and volatile market sentiment, governments should closely monitor investor sentiment to alleviate the adverse effects triggered by the fluctuations in SP.</p>\u0000 </div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"278-291"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147686018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
A Simple Experienced Choice Model: A Revealed Preference Approach 一个简单的经验选择模型：揭示偏好方法
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2026-04-03 Epub Date: 2025-11-06 DOI: 10.1111/boer.70014
Hadi Pahlevan Yazdanabad
{"title":"A Simple Experienced Choice Model: A Revealed Preference Approach","authors":"Hadi Pahlevan Yazdanabad","doi":"10.1111/boer.70014","DOIUrl":"10.1111/boer.70014","url":null,"abstract":"<div>\u0000 \u0000 <p>In this paper, we present a framework to study different possible choice models with an underlying characteristic in common: the decision maker can make mistakes due to cognitive limitations but such mistakes disappear once options are experienced. We present both a possible class of models and its axiomatic characterization. We also use a machinery developed to contribute to welfare analysis by using observable choices to identify a welfare-relevant preference relation.</p>\u0000 </div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"235-241"},"PeriodicalIF":1.2,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147686846","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
The Impact of Special Economic Zones on Border Regions in Mexico 经济特区对墨西哥边境地区的影响
IF 1.2 4区 经济学
Bulletin of Economic Research Pub Date : 2025-11-06 DOI: 10.1111/boer.70012
D. Ventosa-Santaulária, Raúl Cepeda-Suárez, Alejandro Romero-González
{"title":"The Impact of Special Economic Zones on Border Regions in Mexico","authors":"D. Ventosa-Santaulária,&nbsp;Raúl Cepeda-Suárez,&nbsp;Alejandro Romero-González","doi":"10.1111/boer.70012","DOIUrl":"https://doi.org/10.1111/boer.70012","url":null,"abstract":"<p>We analyze the effects of a major tax reduction and a doubling of the minimum wage in the Northern region of Mexico, using a synthetic control approach. This quasi-natural experiment allows us to isolate the impact of a 50% value-added tax cut, a 30% income tax (Impuesto Sobre la Renta, ISR) reduction, and a significant wage increase on economic growth. At the time, the minimum wage in the zone was approximately 5 USD per day (2023 values). Despite the wage doubling, our findings show notable economic growth, with gross state product increasing over 4% and surpassing 7% post-pandemic. These results underscore how targeted local fiscal policies can stimulate economic performance, offering valuable lessons for policy design in emerging economies.</p>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 1","pages":"224-231"},"PeriodicalIF":1.2,"publicationDate":"2025-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/boer.70012","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145986756","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：604180095
Book学术官方微信
小红书