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Private and public debt convergence: a fractional cointegration approach 私人和公共债务趋同:分数协整方法
4区 经济学
Empirica Pub Date : 2023-10-18 DOI: 10.1007/s10663-023-09594-9
Maria Malmierca-Ordoqui, Luis A. Gil-Alana, Lorenzo Bermejo
{"title":"Private and public debt convergence: a fractional cointegration approach","authors":"Maria Malmierca-Ordoqui, Luis A. Gil-Alana, Lorenzo Bermejo","doi":"10.1007/s10663-023-09594-9","DOIUrl":"https://doi.org/10.1007/s10663-023-09594-9","url":null,"abstract":"","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135883378","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
Industry-mix effects at different levels of sectoral disaggregation: a decomposition of inter-country differences in energy costs 不同程度部门分解的工业混合效应:分解能源成本的国家间差异
4区 经济学
Empirica Pub Date : 2023-10-17 DOI: 10.1007/s10663-023-09593-w
Wolfgang Koller, Andreas Eder, Bernhard Mahlberg
{"title":"Industry-mix effects at different levels of sectoral disaggregation: a decomposition of inter-country differences in energy costs","authors":"Wolfgang Koller, Andreas Eder, Bernhard Mahlberg","doi":"10.1007/s10663-023-09593-w","DOIUrl":"https://doi.org/10.1007/s10663-023-09593-w","url":null,"abstract":"","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"212 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135943949","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: 1
Special Issue: Challenges in the Post Pandemic Economy—Selected Papers of the 2022 Annual Meeting of the Austrian Economic Association 特刊:流行病后经济的挑战——奥地利经济协会2022年年会论文选集
4区 经济学
Empirica Pub Date : 2023-10-17 DOI: 10.1007/s10663-023-09595-8
Brigitte Hochmuth, Paul Pichler
{"title":"Special Issue: Challenges in the Post Pandemic Economy—Selected Papers of the 2022 Annual Meeting of the Austrian Economic Association","authors":"Brigitte Hochmuth, Paul Pichler","doi":"10.1007/s10663-023-09595-8","DOIUrl":"https://doi.org/10.1007/s10663-023-09595-8","url":null,"abstract":"","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136033424","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
Dealing with the COVID-19 pandemic in Slovenia: simulations with a macroeconometric model 应对斯洛文尼亚COVID-19大流行:宏观计量经济模型模拟
4区 经济学
Empirica Pub Date : 2023-10-14 DOI: 10.1007/s10663-023-09591-y
Klaus Weyerstrass, Dmitri Blueschke, Reinhard Neck, Miroslav Verbič
{"title":"Dealing with the COVID-19 pandemic in Slovenia: simulations with a macroeconometric model","authors":"Klaus Weyerstrass, Dmitri Blueschke, Reinhard Neck, Miroslav Verbič","doi":"10.1007/s10663-023-09591-y","DOIUrl":"https://doi.org/10.1007/s10663-023-09591-y","url":null,"abstract":"Abstract In this paper we analyse the effectiveness of fiscal policies with respect to macroeconomic stabilisation during the COVID-19 pandemic in the small open economy of Slovenia. Using SLOPOL11, an econometric model of the Slovenian economy, we simulate the development of the its economy during the 2020s under alternative assumptions about future pandemic-related shocks. We also determine optimal fiscal policies to combat the effects of the pandemic and to stabilise the economy under two scenarios for the future course of developments under COVID-19. Our simulations show that those public spending measures that entail both demand- and supply-side effects are more effective at stimulating real GDP and increasing employment than pure demand-side measures. Successful stabilisation policies should thus contain a supply-side component in addition to a demand-side component.","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135765920","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: 1
Long run non-linearity in $$hbox {CO}_2$$ emissions: the I(2) cointegration model and the environmental Kuznets curve $$hbox {CO}_2$$排放的长期非线性:I(2)协整模型与环境库兹涅茨曲线
4区 经济学
Empirica Pub Date : 2023-09-30 DOI: 10.1007/s10663-023-09587-8
Bjørnar Karlsen Kivedal
{"title":"Long run non-linearity in $$hbox {CO}_2$$ emissions: the I(2) cointegration model and the environmental Kuznets curve","authors":"Bjørnar Karlsen Kivedal","doi":"10.1007/s10663-023-09587-8","DOIUrl":"https://doi.org/10.1007/s10663-023-09587-8","url":null,"abstract":"Abstract I utilize the I(2) cointegration model to assess the empirical relevance of the environmental Kuznets curve for $$hbox {CO}_2$$ <mml:math xmlns:mml=\"http://www.w3.org/1998/Math/MathML\"> <mml:msub> <mml:mtext>CO</mml:mtext> <mml:mn>2</mml:mn> </mml:msub> </mml:math> emissions in the US between 1960 and 2014. This takes the non-linearity of $$hbox {CO}_2$$ <mml:math xmlns:mml=\"http://www.w3.org/1998/Math/MathML\"> <mml:msub> <mml:mtext>CO</mml:mtext> <mml:mn>2</mml:mn> </mml:msub> </mml:math> emissions into account by directly incorporating data that are integrated of order two, I(2). As a result, it enables an extensive dynamic analysis of the relationship between emissions and economic growth, as postulated by the environmental Kuznets curve both in the short, medium, and long run. The results indicate that the primary drivers behind the non-linear shape of US $$hbox {CO}_2$$ <mml:math xmlns:mml=\"http://www.w3.org/1998/Math/MathML\"> <mml:msub> <mml:mtext>CO</mml:mtext> <mml:mn>2</mml:mn> </mml:msub> </mml:math> emissions in the long run are an increase in emissions caused by energy use and a decrease caused by more trade and the utilization of less polluting energy sources. GDP only exhibits short run effects. Hence, I do not find evidence in favor of a long-run relationship between economic development and the concave shape of emissions, as suggested by the environmental Kuznets curve.","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136337110","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
Effect of the duration of membership in the GATT/WTO on human development in developed and developing countries 关贸总协定/世贸组织成员期限对发达国家和发展中国家人力发展的影响
4区 经济学
Empirica Pub Date : 2023-09-28 DOI: 10.1007/s10663-023-09589-6
Sèna Kimm Gnangnon
{"title":"Effect of the duration of membership in the GATT/WTO on human development in developed and developing countries","authors":"Sèna Kimm Gnangnon","doi":"10.1007/s10663-023-09589-6","DOIUrl":"https://doi.org/10.1007/s10663-023-09589-6","url":null,"abstract":"","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135386217","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
Can we all be Denmark? The role of civic attitudes in welfare state reforms 我们都能成为丹麦人吗?公民态度在福利国家改革中的作用
4区 经济学
Empirica Pub Date : 2023-09-28 DOI: 10.1007/s10663-023-09588-7
Andrea Celico, Martin Rode
{"title":"Can we all be Denmark? The role of civic attitudes in welfare state reforms","authors":"Andrea Celico, Martin Rode","doi":"10.1007/s10663-023-09588-7","DOIUrl":"https://doi.org/10.1007/s10663-023-09588-7","url":null,"abstract":"Abstract Research has demonstrated the economic effectiveness of welfare state reforms that follow the Danish flexicurity model, broadly specifying the combination of highly flexible labor market policies and generous protection schemes. Notwithstanding, it has also been argued that large and generous welfare states may erode civic attitudes, defined here as people’s willingness to cheat on taxes and claim transfers to which they are not entitled. Combining data from all available waves of the World Values Survey and the European Values Study with a self-constructed flexicurity index, this paper finds that welfare state reforms involving a combination of higher benefits, lower labor market regulations, and active labor market policies are not significantly associated with an erosion of civic attitudes.","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135344813","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
Corruption as a push and pull factor of migration flows: evidence from European countries 腐败作为移民潮的推拉因素：欧洲国家的证据
IF 1.3 4区 经济学
Empirica Pub Date : 2023-09-14 DOI: 10.1596/1813-9450-10566
Andrea Bernini, Laurent Bossavie, Daniel Garrote-Sánchez, Mattia Makovec
{"title":"Corruption as a push and pull factor of migration flows: evidence from European countries","authors":"Andrea Bernini, Laurent Bossavie, Daniel Garrote-Sánchez, Mattia Makovec","doi":"10.1596/1813-9450-10566","DOIUrl":"https://doi.org/10.1596/1813-9450-10566","url":null,"abstract":"Conclusive evidence on the relationship between corruption and migration has remained scant in the literature to date. Using 2008–2018 data on bilateral migration flows across EU28 and EFTA countries and four measures of corruption, we show that corruption acts as both push and pull factors on migration patterns. Based on a gravity model, a 1-unit increase in the corruption level in the origin country is associated with an 11% increase in out-migration. The same 1-unit increase in corruption in the destination country is associated with a 10% decline in in-migration.","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"95 1","pages":"1-19"},"PeriodicalIF":1.3,"publicationDate":"2023-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139340248","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
Determinants of bail-in debt yields in the EU banking sector: a multi-country approach with idiosyncratic factors 欧盟银行业纾困债券收益率的决定因素:一种具有特殊因素的多国方法
4区 经济学
Empirica Pub Date : 2023-09-11 DOI: 10.1007/s10663-023-09586-9
Manuel Monjas, María Rocamora, Nuria Suárez
{"title":"Determinants of bail-in debt yields in the EU banking sector: a multi-country approach with idiosyncratic factors","authors":"Manuel Monjas, María Rocamora, Nuria Suárez","doi":"10.1007/s10663-023-09586-9","DOIUrl":"https://doi.org/10.1007/s10663-023-09586-9","url":null,"abstract":"","PeriodicalId":46526,"journal":{"name":"Empirica","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135981679","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 note on CO2 emissions using two new tests 使用两种新测试的二氧化碳排放说明
IF 1.3 4区 经济学
Empirica Pub Date : 2023-09-07 DOI: 10.1007/s10663-023-09584-x
Peter Sephton, Tolga Omay
{"title":"A note on CO2 emissions using two new tests","authors":"Peter Sephton, Tolga Omay","doi":"10.1007/s10663-023-09584-x","DOIUrl":"https://doi.org/10.1007/s10663-023-09584-x","url":null,"abstract":"","PeriodicalId":46526,"journal":{"name":"Empirica","volume":" ","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44416626","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
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