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The path of economics research production: Insights into the seesaw between theory and empirics 经济学研究成果之路：洞察理论与实证之间的跷跷板
IF 0.9 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-05-16 DOI: 10.1111/ajes.12585
João R. Faria, Rajeev K. Goel, Neela D. Manage
{"title":"The path of economics research production: Insights into the seesaw between theory and empirics","authors":"João R. Faria,&nbsp;Rajeev K. Goel,&nbsp;Neela D. Manage","doi":"10.1111/ajes.12585","DOIUrl":"10.1111/ajes.12585","url":null,"abstract":"<p>This paper provides insights into the apparent seesaw between the generation of theoretical and empirical economics research over time. A dynamic model considers the incentives of researchers to focus on empirical versus theoretical papers. It yields the main characteristics of the path-changing of economics research, from theoretical-intensive to empirical-focused. The model has two equilibria, one with a higher proportion of theoretical papers and another with a higher proportion of empirical papers. Curiously, the equilibrium with greater theoretical papers is stable, while the one with more empirical papers is a saddle point. This suggests that the current trend of increasing empirical research is unlikely to last.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 4","pages":"753-772"},"PeriodicalIF":0.9,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140968034","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
Charting the course: America's energy crossroads and the quest for a sustainable future 指明方向：美国的能源十字路口和对可持续未来的追求
IF 0.9 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-05-14 DOI: 10.1111/ajes.12576
Simona-Vasilica Oprea, Adela Bâra
{"title":"Charting the course: America's energy crossroads and the quest for a sustainable future","authors":"Simona-Vasilica Oprea,&nbsp;Adela Bâra","doi":"10.1111/ajes.12576","DOIUrl":"10.1111/ajes.12576","url":null,"abstract":"<p>Energy and environment views of over 10,000 American respondents are captured in a complex survey created by the Pew Research Center (PRC). This paper is based on data collected during a panel wave that took place in May 2022. The survey aims to capture the nuanced perspectives of a nationally representative group of U.S. adults, with particular attention to ensuring participation from traditionally underrepresented or hard-to-reach demographics. To analyze the responses, we cluster raw and encoded data and identify the main groups of respondents and their characteristics. Three main clusters are identified using <i>K</i>-means (silhouette score of .78) with a larger cluster “Mainstream Respondents” that shows moderate views on energy and environmental issues. The second cluster “Outliers or Niche Group” is the smallest cluster representing respondents with unique or extreme views, high income or education levels or specific demographic attributes that set them apart from the majority. The third cluster “Specific Interest Group” has moderate size and characteristics that are distinct but not as extreme as the second cluster. On the other hand, two more balanced clusters (4265/6017) are obtained with <i>K</i>-modes (Davies–Bouldin Index 2.61) using the unencoded data: “Traditional Energy Advocates” highlights the cluster's preference for traditional energy sources over alternative or renewable energy sources (RES), and “Sustainable Future Supporters” emphasizes the cluster's support for environmental sustainability and RES. These names aim to succinctly capture the essence of each cluster's predominant attitudes toward energy and environmental issues, reflecting their preferences and priorities. The results are significant for understanding trends within the U.S. population, informing policymakers and contributing to academic research.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 1","pages":"103-134"},"PeriodicalIF":0.9,"publicationDate":"2024-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajes.12576","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140981128","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 economic value of curbside recycling as a club good and as a public good: A case study of Morgantown and Monongalia County, West Virginia 路边回收作为俱乐部产品和公共产品的经济价值：西弗吉尼亚州摩根敦和莫农加利亚县的案例研究
IF 0.9 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-05-13 DOI: 10.1111/ajes.12575
Julian J. Hwang
{"title":"The economic value of curbside recycling as a club good and as a public good: A case study of Morgantown and Monongalia County, West Virginia","authors":"Julian J. Hwang","doi":"10.1111/ajes.12575","DOIUrl":"10.1111/ajes.12575","url":null,"abstract":"<p>In Morgantown, West Virginia, curbside recycling is available to residents who reside within the city limits. However, residents in Monongalia County who reside outside the Morgantown city limits are expected to bring their recyclables to a drop-off site which discourages people from recycling in general. Moreover, there exists a disparity between residents within and outside the Morgantown city limits in terms of rights to have access to curbside recycling. This study presents the economic value of curbside recycling at the County level. Furthermore, the paper presents a framework and empirical analysis that separate the value of the improved program as a club good and the value of the program as a public good, using a survey data from Morgantown and Monongalia County in collaboration with a local waste and recycling service provider.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 4","pages":"741-751"},"PeriodicalIF":0.9,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140983067","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
Evangelicals and global warming 福音派与全球变暖
IF 0.9 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-05-13 DOI: 10.1111/ajes.12578
Terry F. Defoe
{"title":"Evangelicals and global warming","authors":"Terry F. Defoe","doi":"10.1111/ajes.12578","DOIUrl":"10.1111/ajes.12578","url":null,"abstract":"<p>Evangelicals have long been suspicious of scientific expertise. About 60% of evangelicals, a group which makes up approximately one-third of the US population, reject climate change. Many evangelicals allow the Bible to take precedence over science. Various non-scientific factors contribute to this pervasive skepticism. This paper lists several social and cultural factors that contribute to evangelical concerns, including religion, politics, education, and conservative media. The paper ends on a positive note, pointing out that young evangelicals are taking the lead in getting the word out, lobbying climate-denying politicians and educators, in addition to contacting young people in universities, places of worship, and through social media, sharing information about climate change with their peers, with the clear advantage of being from the same faith community. As a group, evangelicals present a formidable challenge to effectively dealing with global warming, but a few glimmers of hope are beginning to emerge.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 1","pages":"33-41"},"PeriodicalIF":0.9,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140982891","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
An enhanced refresher on discounted net present value computations with an additional focus on risk and uncertainty 强化复习贴现净现值的计算，更加关注风险和不确定性
IF 0.9 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-05-07 DOI: 10.1111/ajes.12574
Maggie Foley, Shuangjin Wang
{"title":"An enhanced refresher on discounted net present value computations with an additional focus on risk and uncertainty","authors":"Maggie Foley,&nbsp;Shuangjin Wang","doi":"10.1111/ajes.12574","DOIUrl":"10.1111/ajes.12574","url":null,"abstract":"<p>Discounted present value (DPV) calculations have appeared in textbooks as well as numerous peer-reviewed journal articles. Such articles address a wide variety of topics/issues, ranging from migration to educational pursuit to investment in new plant and equipment to the NFL draft. Recognizing the remarkably versatile and useful tools that the DPV concepts are to valuation and intelligent decision-making, some years ago, the <i>Harvard Business Review</i> published a discussion by Gallo of the derivation and uses of DPVs (and NPVs). This note extends and corrects the analysis in Gallo so as to make it more accurate and useful to the reader.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 4","pages":"737-740"},"PeriodicalIF":0.9,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141005293","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
How to deter earnings manipulation in Chinese banks? A study from the combined effects of corporate governance, enterprise resources, and supervisory mechanisms 如何遏制中国银行的盈利操纵？公司治理、企业资源和监管机制的综合效应研究
IF 0.9 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-04-15 DOI: 10.1111/ajes.12568
Shuangjin Wang, Lili Dang, John Downs, Maggie Foley
{"title":"How to deter earnings manipulation in Chinese banks? A study from the combined effects of corporate governance, enterprise resources, and supervisory mechanisms","authors":"Shuangjin Wang,&nbsp;Lili Dang,&nbsp;John Downs,&nbsp;Maggie Foley","doi":"10.1111/ajes.12568","DOIUrl":"10.1111/ajes.12568","url":null,"abstract":"<p>The study proposes methods for deterring earnings manipulation in Chinese commercial banks, recognizing it as an ongoing problem with the potential to destabilize investors and financial markets. The increasing integration of the global financial system has heightened the importance of addressing this issue, given the systemic risk posed by large individual financial institutions. Utilizing the Fuzzy Set Qualitative Comparative Analysis method (fsQCA) on 139 Chinese commercial banks in 2021, the paper explores factors influencing banks' earnings manipulation behavior. The study reveals several key findings: (1) Factors associated with reducing the likelihood of earnings manipulation in commercial banks are diverse and multifaceted. (2) Multiple paths exist to achieve earnings manipulation, categorized into Resource-guided, Corporate Governance, Resource and Supervisory Mechanism, Supervisory Mechanism, and Corporate Governance as the main mechanism. Among these, the Supervisory Mechanism exhibits the highest consistency. (3) Hiring “Big Four” accounting firms as auditors emerges as a significant deterrent against earnings manipulation in commercial banks. (4) Banks with powerful major shareholders affiliated with the government or ample resources are effective in deterring earnings manipulation. These two factors are complementary, while a bank's growth prospects and industrial competition serve as substitute factors.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 4","pages":"689-707"},"PeriodicalIF":0.9,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140699498","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 green finance on economic growth: Evidence from the green finance reform and innovation pilot zone 绿色金融对经济增长的影响：来自绿色金融改革创新试验区的证据
IF 0.9 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-04-15 DOI: 10.1111/ajes.12573
Changfei Nie, Yujie Yao, Yuan Feng
{"title":"The impact of green finance on economic growth: Evidence from the green finance reform and innovation pilot zone","authors":"Changfei Nie,&nbsp;Yujie Yao,&nbsp;Yuan Feng","doi":"10.1111/ajes.12573","DOIUrl":"10.1111/ajes.12573","url":null,"abstract":"<p>This study examines the impact and its mechanisms of green finance on economic growth by using the green finance reform and innovation pilot zone (GFRIPZ) as a quasi-natural experiment. Based on the panel data of 30 provinces in China from 2011 to 2019, we employ a difference-in-differences (DID) model and find that the GFRIPZ's construction has a positive effect on economic growth, resulting in real GDP growth of 2.2% in the pilot zones. Mechanism analysis shows that the GFRIPZ policy promotes economic growth by stimulating green technological innovation and increasing green fiscal expenditures. Further, the moderating effect result reveals that the more powerful the environmental regulation, the better the economic growth effect of the GFRIPZ policy. Additionally, heterogeneity analysis indicates that the GFRIPZ policy can contribute more in accelerating economic growth in Zhejiang, Jiangxi and Xinjiang. Our findings provide the latest empirical evidence that green finance promotes economic growth, as well as cross-references for policymakers to scientifically execute green monetary policies and effectively balance green development and economic growth.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 4","pages":"709-736"},"PeriodicalIF":0.9,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140702658","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
Red light game identifies ineffective criminal deterrence 闯红灯游戏确认了无效的犯罪威慑力
IF 0.8 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-04-08 DOI: 10.1111/ajes.12572
Jonathan Hofer
{"title":"Red light game identifies ineffective criminal deterrence","authors":"Jonathan Hofer","doi":"10.1111/ajes.12572","DOIUrl":"10.1111/ajes.12572","url":null,"abstract":"<p>The proceeding investigates the ineffectiveness of law enforcement placement in specific circumstances from the penological framework of rational choice theory. This work employs game theory modeling to determine an individual's propensity to commit a crime. The succeeding illustrates how it is counterproductive to nudge potential criminals where socially preferable behavior corresponds to a pure strategy Nash equilibrium in a simultaneous two-player game. The result of this analysis demonstrates an addendum to contemporary rational choice theory in criminology. The solutions of these stage games show that increasing the placement of criminal deterrents, like surveillance or fines intended to reduce the number of opportunities to commit deviant behavior, is dysfunctional under particular circumstances. This suggests that law enforcement resources should not be directed to enforcing certain crimes. The implications of this work could help optimize department assets and personnel hours.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 3","pages":"673-682"},"PeriodicalIF":0.8,"publicationDate":"2024-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140588732","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
Currencies and culture: An amusing journey into the impacts of exchange rates on global creative industries 货币与文化：汇率对全球创意产业影响的有趣之旅
IF 0.8 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-03-29 DOI: 10.1111/ajes.12567
Shao Baorui, Zhang Zhiyuan, Li Zhao
{"title":"Currencies and culture: An amusing journey into the impacts of exchange rates on global creative industries","authors":"Shao Baorui,&nbsp;Zhang Zhiyuan,&nbsp;Li Zhao","doi":"10.1111/ajes.12567","DOIUrl":"10.1111/ajes.12567","url":null,"abstract":"<p>This paper examines the impact of exchange rate changes on cultural services trade balances in China, Japan, the United States, United Kingdom, France, and Germany from 2006 to 2015. These six countries represent dominant players whose experiences reflect global impacts. Autoregressive distributed lag (ARDL) models test for J-curve effects. Cultural distance matrices combined with cluster analysis explore how cultural proximity influences trade structures. Results demonstrate a J-curve effect in China contrasting with a reverse J-curve in the United States. China and Japan form one cultural trade cluster distinct from a Western bloc of the United States, United Kingdom, and France. This signifies emerging economies have developed unique cultural trade models. The research enriches empirical evidence on exchange rate impacts for understudied cultural services trade. Introducing cultural distance provides a novel perspective and policy insights for emerging economies.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 3","pages":"647-672"},"PeriodicalIF":0.8,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140367012","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
Navigating occupational digitalization via skillshed analysis 通过技能流域分析引领职业数字化
IF 0.8 4区 经济学
American Journal of Economics and Sociology Pub Date : 2024-03-21 DOI: 10.1111/ajes.12569
G. Jason Jolley, Clara Bone, Hunter Bacot, Tuyen Pham
{"title":"Navigating occupational digitalization via skillshed analysis","authors":"G. Jason Jolley,&nbsp;Clara Bone,&nbsp;Hunter Bacot,&nbsp;Tuyen Pham","doi":"10.1111/ajes.12569","DOIUrl":"10.1111/ajes.12569","url":null,"abstract":"<p>The rapid digitalization of jobs in the United States and globally provides both an economic opportunity and a challenge for upskilling and reskilling the workforce. Retraining and reintegrating displaced or at-risk workers, particularly in a competitive labor market, brings significant economic benefits to communities, employers, and employees. Individuals in at-risk or declining occupations likely lack requisite digital literacy and associated skills that enable them to transition smoothly into roles that require digital proficiency. Drawing from research indicating the rapid digitalization of the U.S. economy and workforce, this study employs skillshed analysis to examine a sample of vulnerable occupations within coal-related industries. The goal is to evaluate training gaps and wage differentials for individuals shifting from coal-related occupations to roles requiring higher levels of digital literacy. Providing quality reemployment options for coal-economy workers reduces the barriers to transitioning to more sustainable energy provision, yet prior studies have found that coal-economy workers possess lower levels of digital literacy. Our study reaffirms these prior findings that many coal economy workers lack the requisite knowledge, training, and educational attainment to easily transition to occupations requiring high degrees of digitalization. As a result, to be successful in retraining and upskilling those in coal-related occupations and to meet sustainable development goals, it is necessary to assist these workers in their transition into viable occupations.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 3","pages":"631-645"},"PeriodicalIF":0.8,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajes.12569","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140196952","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
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