发布求助
文献互助 智能选刊 最新文献

Scottish Journal of Political Economy最新文献

筛选
英文 中文
Corporate influence, conservative “model bills,” and state economic outcomes 企业影响、保守派 "示范法案 "与州经济成果
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-09-02 DOI: 10.1111/sjpe.12400
Christopher Biolsi, J. Sebastián Leguizamón
{"title":"Corporate influence, conservative “model bills,” and state economic outcomes","authors":"Christopher Biolsi, J. Sebastián Leguizamón","doi":"10.1111/sjpe.12400","DOIUrl":"https://doi.org/10.1111/sjpe.12400","url":null,"abstract":"Researchers have found positive relationships between economic freedom and economic growth and negative relationships between lobbying and growth. We test the impact of policies induced by lobbying for free markets, using state‐level data to evaluate the effects of high enactment rates for bills advocated by a prominent free‐market lobbyist, the American Legislative Exchange Council (ALEC). Our approach accounts for the probability ALEC targets states. We find that, holding constant existing economic freedom, there is no effect on output, possibly negative effects on employment, and wage increases. States raise more revenue and increase expenditures. Poverty and inequality rise.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142181323","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 effect of inter vivos gift taxation on wealth inequality and economic growth 生前赠与税对财富不平等和经济增长的影响
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-08-22 DOI: 10.1111/sjpe.12401
Ryota Nakano
{"title":"The effect of inter vivos gift taxation on wealth inequality and economic growth","authors":"Ryota Nakano","doi":"10.1111/sjpe.12401","DOIUrl":"https://doi.org/10.1111/sjpe.12401","url":null,"abstract":"This study examines the effect of inter vivos gift taxation on wealth inequality and economic growth. We develop a simple model with inter vivos gifts, which are generated by altruism and gift taxation in an overlapping generation setting. The analysis shows that an increase in the gift tax rate reduces inequality, and a positive tax rate maximizes the economic growth rate. From a policy perspective, rather than exempting gifts from taxation, raising the gift tax rate to some extent reduces inequality and promotes human capital accumulation and, therefore, economic growth.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142181325","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
Does regime type matter for economic institutions in non‐democracies? 政权类型对非民主国家的经济体制有影响吗？
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-08-22 DOI: 10.1111/sjpe.12398
Reza Bakhshiani, Masoud Nili, S. Mahdi Barakchian
{"title":"Does regime type matter for economic institutions in non‐democracies?","authors":"Reza Bakhshiani, Masoud Nili, S. Mahdi Barakchian","doi":"10.1111/sjpe.12398","DOIUrl":"https://doi.org/10.1111/sjpe.12398","url":null,"abstract":"We provide evidence that the quality of economic institutions in non‐democracies is not uniform, and differences in the type of political regimes lead to such variations. By dividing non‐democracies into four groups of monarchies, personal dictatorships, party dictatorships, and military dictatorships, we argue that monarchies perform better than the others due to their structural characteristics. Using a broad sample of non‐democracies, we empirically find that the performance of economic institutions is better in monarchies compared to other forms of dictatorships. Moreover, no significant difference is observed between the performance of personal, party, and military dictatorships.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142181322","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
Nonlinear effects of uncertainty shocks: State dependency and asymmetry 不确定性冲击的非线性效应：国家依赖性和不对称
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-08-02 DOI: 10.1111/sjpe.12399
Hiroshi Morita, Shiro Yuasa
{"title":"Nonlinear effects of uncertainty shocks: State dependency and asymmetry","authors":"Hiroshi Morita, Shiro Yuasa","doi":"10.1111/sjpe.12399","DOIUrl":"https://doi.org/10.1111/sjpe.12399","url":null,"abstract":"The nonlinear effects of uncertainty shocks on U.S. macroeconomy are examined using a smooth transition VAR model in which the dynamic relationship between the variables changes with the level of economic policy uncertainty. Our results show that the nonlinear effects of uncertainty shocks depend on the current level of uncertainty, with uncertainty shocks behaving more like stronger demand shocks in the high‐uncertainty period than in the low period. Hence, we can conclude that the negative demand shock channel of uncertainty shocks, documented in the literature, is valid especially in the high‐uncertainty period.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141884059","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
Did dollarization help Ecuador? 美元化对厄瓜多尔有帮助吗？
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-07-24 DOI: 10.1111/sjpe.12397
Nicolás Cachanosky, Emilio Ocampo, Karla C. Hernández, John Ramseur
{"title":"Did dollarization help Ecuador?","authors":"Nicolás Cachanosky, Emilio Ocampo, Karla C. Hernández, John Ramseur","doi":"10.1111/sjpe.12397","DOIUrl":"https://doi.org/10.1111/sjpe.12397","url":null,"abstract":"This paper studies the impact of dollarization on the evolution of GDP per capita in Ecuador using synthetic control analysis (SCA). The results suggest a significant likelihood of a positive impact of dollarization. These results are relevant for countries with a history of high, persistent, and volatile inflation considering dollarization as a currency regime.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141776717","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 AI revolution with 21st century skills: Implications for the wage inequality and technical change 拥有 21 世纪技能的人工智能革命：对工资不平等和技术变革的影响
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-07-22 DOI: 10.1111/sjpe.12395
Rachael Grant, Murat Üngör
{"title":"The AI revolution with 21st century skills: Implications for the wage inequality and technical change","authors":"Rachael Grant, Murat Üngör","doi":"10.1111/sjpe.12395","DOIUrl":"https://doi.org/10.1111/sjpe.12395","url":null,"abstract":"We construct a three‐level constant elasticity of substitution production model. Labour is split into three components: (i) low‐skilled labour, (ii) high‐skilled labour with a traditional education background, and (iii) high‐skilled labour with an AI‐based education background. Rising use of automation in production will cause a rise in the skill premium (wages of both types of high‐skilled workers relative to low‐skilled workers) and AI skill premium (wages of high‐skilled labour with an AI‐based education relative to those with a traditional education background). Dependent on the value of the elasticity, automation may favour high‐skilled workers with an AI‐based education background.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141776718","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
House price convergence in the very long run 房价长期趋同
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-07-19 DOI: 10.1111/sjpe.12394
Lei Pan, Takashi Matsuki
{"title":"House price convergence in the very long run","authors":"Lei Pan, Takashi Matsuki","doi":"10.1111/sjpe.12394","DOIUrl":"https://doi.org/10.1111/sjpe.12394","url":null,"abstract":"We examine the house price convergence across 12 OECD countries over the period 1905–2016. Using novel quantile unit root tests which allow for smooth breaks via a Fourier expansion series, we find that nine countries show the presence of relative house price convergence at all the quantiles. Focusing on several specific quantiles, 11 countries have significant convergence tendencies. Moreover, there are four definite patterns related to shocks in the relative house prices across quantiles.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141743338","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
Monetary policy and heterogeneous price effects in the United Kingdom 英国的货币政策和异质价格效应
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-07-17 DOI: 10.1111/sjpe.12396
Ayobami E. Ilori, Cosmas Dery, Lucia M. Murgia, Dennis Nsafoah
{"title":"Monetary policy and heterogeneous price effects in the United Kingdom","authors":"Ayobami E. Ilori, Cosmas Dery, Lucia M. Murgia, Dennis Nsafoah","doi":"10.1111/sjpe.12396","DOIUrl":"https://doi.org/10.1111/sjpe.12396","url":null,"abstract":"This paper examines the heterogeneous effects of monetary policy on consumer prices in the United Kingdom. We estimate a proxy Structural Vector Autoregressive (SVAR) model, using extended high‐frequency monetary surprises from Cesa‐Bianchi et al. (<jats:italic>European Economic Review</jats:italic>, 123, 2020, 103375) to instrument shifts in UK monetary policy. We then analyze the impulse responses for various components of the UK Consumer Price Index. Our findings reveal that while monetary policy tightening leads to a persistent decline in aggregate consumer prices, the impact on disaggregated components is highly heterogeneous. Notably, we observe that energy price changes offset movements in food, beverage, and tobacco prices, resulting in identical responses of core and headline consumer CPIH inflation measures. The contrasting effects across different CPI components highlight the importance of examining disaggregated data when assessing the transmission of monetary policy to consumer prices.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141743065","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 regional business cycle synchronization in Greece 希腊地区商业周期同步性的决定因素
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-29 DOI: 10.1111/sjpe.12393
Panagiotis Delis, Stavros Degiannakis, George Filis, Theodosios Palaskas, Chrysostomos Stoforos
{"title":"Determinants of regional business cycle synchronization in Greece","authors":"Panagiotis Delis, Stavros Degiannakis, George Filis, Theodosios Palaskas, Chrysostomos Stoforos","doi":"10.1111/sjpe.12393","DOIUrl":"https://doi.org/10.1111/sjpe.12393","url":null,"abstract":"We assess the determinants of regional business cycle synchronization in Greece vis‐à‐vis the national reference business cycle, using NUTSII annual data. The computation of the time‐varying synchronization is based on the dynamic estimate of a conditional variance–covariance model and subsequently, a panel regression model is used to evaluate its determinants. The findings show that island regions, industrial structure, imports, savings and disposable income are the key determinants, based on the GVA business cycle synchronization vis‐à‐vis the national reference cycle. We also assess the determinants of employment synchronization (vis‐à‐vis the national employment level) and we find that regions with higher disposable income and public spending tend to drive the level of synchronization. Turning to the inter‐regional synchronization, we provide evidence that investments, disposable income and employment drive the GVA business cycle synchronization, whereas the employment synchronization is determined by the level of imports, disposable income and public spending, as well as by the status of regions as island economies. We further show that the Greek economic crisis during the period 2010–2018 has diminished or eliminated the effects of the aforementioned drivers, suggesting that during the said period, synchronization was mainly driven by the wider economic conditions. These findings lead to important policy implications, which are thoroughly discussed.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141192659","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
Partisanship, elections and lockdowns: Evidence from US states 党派、选举和封锁：来自美国各州的证据
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-25 DOI: 10.1111/sjpe.12392
Gail Pacheco, Dennis Wesselbaum
{"title":"Partisanship, elections and lockdowns: Evidence from US states","authors":"Gail Pacheco, Dennis Wesselbaum","doi":"10.1111/sjpe.12392","DOIUrl":"https://doi.org/10.1111/sjpe.12392","url":null,"abstract":"In this article, we use state‐level variation in Senate elections and partisanship to understand the variation in lockdown characteristics in the US. We argue that the state‐level decision makers and their parties weigh off the perceived political costs in an election year of a depressed economy against risks to public health. Democrats and Republicans, and their voters, vary in the weights they attach to these costs and benefits. We are thus exploring the marginal effect of the party–election interaction after accounting for other likely drivers of variations in lockdown characteristics. We find that Republican states with an election have less strict and shorter lockdowns compared to Democratic states with an election. Our results have implications for the communication of pandemic policies, including vaccination strategies.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141145838","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
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：481959085
Book学术官方微信