Empirica最新文献_第10页

Commuting time and sickness absence of US workers 美国工人的通勤时间和病假

IF 1.3 4区经济学

Empirica Pub Date : 2022-02-14 DOI: 10.1007/s10663-022-09534-z

J. Giménez-Nadal, J. Molina, J. Velilla

引用次数: 3

Ability to consume versus willingness to consume: the role of nonlinearities 消费能力与消费意愿:非线性的作用

IF 1.3 4区经济学

Empirica Pub Date : 2022-02-13 DOI: 10.1007/s10663-022-09535-y

Petar Sorić

引用次数: 1

Greening work: labor market policies for the environment 绿化工作:环境劳动力市场政策

IF 1.3 4区经济学

Empirica Pub Date : 2022-01-03 DOI: 10.1007/s10663-021-09530-9

Katharina Bohnenberger

引用次数: 9

Trading Kuznets curve: empirical analysis for China. 交易库兹涅茨曲线:对中国的实证分析。

IF 1.3 4区经济学

Empirica Pub Date : 2022-01-01 Epub Date: 2022-07-07 DOI: 10.1007/s10663-022-09546-9

Ercan Yasar, Güray Akalin, Sinan Erdogan, Samuel Asumadu Sarkodie

{"title":"Trading Kuznets curve: empirical analysis for China.","authors":"Ercan Yasar, Güray Akalin, Sinan Erdogan, Samuel Asumadu Sarkodie","doi":"10.1007/s10663-022-09546-9","DOIUrl":"https://doi.org/10.1007/s10663-022-09546-9","url":null,"abstract":"Due to inspiring growth over the past 20 years, the dynamics of Chinese exports have been the focus of many researchers. In contrast to current literature, this study examines the quadratic relationship between China's real exports to 154 partner countries and the income of trading partners from 1996 to 2019. The findings obtained from the second generational econometric analysis confirm cross-section dependence and heterogeneous slope among panel members. Second, while the GDP per capita of partner countries has a positive impact on China's exports, the quadratic of GDP per capita has a negative impact. These findings indicate an inverted U-shaped relationship between China's exports and GDP per capita of its partner countries-thus, validating the trading Kuznets curve (TKC) hypothesis. The appreciation of the Renminbi (RMB) has statistically significant negative effects on China's exports. From a policy perspective, Chinese policymakers could consider the TKC hypothesis when determining market and export strategies. Additionally, the Chinese monetary authority could consider stabilizing the value of the RMB.","PeriodicalId":46526,"journal":{"name":"Empirica","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9261206/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"40493813","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: 4

Global natural projections. 全球自然预测。

IF 1.3 4区经济学

Empirica Pub Date : 2022-01-01 Epub Date: 2022-09-22 DOI: 10.1007/s10663-022-09550-z

Michele Catalano, Emilia Pezzolla

{"title":"Global natural projections.","authors":"Michele Catalano, Emilia Pezzolla","doi":"10.1007/s10663-022-09550-z","DOIUrl":"https://doi.org/10.1007/s10663-022-09550-z","url":null,"abstract":"The paper contributes to the debate on natural interest rates and potential growth rates. We build a model-based projection of the world's most significant economies/areas to improve understanding of their change over the long run and the factors behind their decline. We use a general equilibrium overlapping generation model to understand the simultaneous role of demographics, technology, and globalization. The novelty of the model lies in the way it constructs a human capital index based on UN population projections and an estimated increasing returns production function for major economies worldwide. We find that the decline in interest rates is well explained through labor market dynamics and the increasing obsolescence of capital goods. We also find that a reduced share of labor income has caused movement in the opposite direction, leading to an increase in natural interest rates, which runs counter to the empirical evidence. Moreover, the dynamics of economic integration predict an endogenous adjustment of global imbalances over the long run, with an increasing weight of the Chinese economy and, consequently, a phase of weakness in United States growth between 2030 and 2040. The model is also used to perform shock scenario analysis. We find that demographic decline can adversely affect the growth dynamics for European countries, while a change in the dynamics of globalization can have serious consequences, especially for the United States, with significant benefits for European countries and China.","PeriodicalId":46526,"journal":{"name":"Empirica","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9493176/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"40375557","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: 1

The European structural and investment funds and public investment in the EU countries. 欧洲结构性投资基金和在欧盟国家的公共投资。

IF 1.3 4区经济学

Empirica Pub Date : 2022-01-01 Epub Date: 2022-10-28 DOI: 10.1007/s10663-022-09549-6

Karsten Staehr, Katri Urke

引用次数: 1

Dynamics of the public-debt-to-gdp ratio: can it explain the risk premium of treasury bonds? 公共债务与gdp之比的动态:它能解释国债的风险溢价吗?

IF 1.3 4区经济学

Empirica Pub Date : 2022-01-01 Epub Date: 2022-08-12 DOI: 10.1007/s10663-022-09547-8

Sérgio C Lagoa, Emanuel R Leão, Diptes P Bhimjee

{"title":"Dynamics of the public-debt-to-gdp ratio: can it explain the risk premium of treasury bonds?","authors":"Sérgio C Lagoa, Emanuel R Leão, Diptes P Bhimjee","doi":"10.1007/s10663-022-09547-8","DOIUrl":"https://doi.org/10.1007/s10663-022-09547-8","url":null,"abstract":"We examine the relationship between the risk premium markets demand to hold the Treasury Bonds of a given country and the sustainability of the public finances of the country. We inquire to what extent do markets use the dynamic evolution of the public-debt-to-gdp ratio as an indication of the likelihood of a public debt default. Specifically, our empirical research design involves the following steps: (i) we use the dynamic equation of the public-debt-to-gdp ratio to build forecasts of future values of this ratio in the eurozone countries; (ii) we then use these forecasts in a regression to see how important they are to explain the risk premium implicit in the treasury bond yields. We find that projections of future values of the public-debt-to-gdp ratio do impact current 10 year bond spreads. According to our regressions, markets seem to give more weight to forecasts with a horizon smaller than 10 years. Our results suggest that agents use a relatively simple mechanism to forecast the public debt-to-gdp ratio, a mechanism which can be used while updated forecasts from international organizations are not yet available. On the other hand, according to our estimations, euro area sovereign debt markets ceased to significantly discriminate countries based on their public debt prospects after the 2012 'Whatever It Takes\" speech and the announcement of the Outright Monetary Transactions (OMT) program-suggesting that these events had a significant calming effect on the markets.Supplementary information: The online version contains supplementary material available at 10.1007/s10663-022-09547-8.","PeriodicalId":46526,"journal":{"name":"Empirica","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9374299/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"40703557","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

Synchronization and cyclicality of social spending in economic crises. 经济危机中社会支出的同步性和周期性。

IF 1.3 4区经济学

Empirica Pub Date : 2022-01-01 Epub Date: 2022-08-06 DOI: 10.1007/s10663-022-09545-w

Luis Ayala-Cañón, María Jesús Delgado-Rodríguez, Sonia De Lucas-Santos

引用次数: 2

Meeting investor outflows in Czech bond and equity funds: horizontal or vertical? 应对捷克债券和股票基金的投资者外流：横向还是纵向？

IF 1.9 4区经济学

Empirica Pub Date : 2022-01-01 Epub Date: 2022-10-20 DOI: 10.1007/s10663-022-09553-w

Milan Szabo

引用次数: 0

Measuring private transfers between generations and gender: an application of national transfer accounts for Austria 2015. 衡量代际和性别之间的私人转移:2015年奥地利国家转移账户的应用

IF 1.9 4区经济学

Empirica Pub Date : 2022-01-01 Epub Date: 2022-05-13 DOI: 10.1007/s10663-022-09542-z

Bernhard Hammer, Alexia Prskawetz

引用次数: 0