{"title":"Did the 2016 election cause changes in substance use? An intersectional approach","authors":"Teresa Perry","doi":"10.1111/ecpo.12249","DOIUrl":"https://doi.org/10.1111/ecpo.12249","url":null,"abstract":"<p>This paper examines the impact of the 2016 election on substance use. One of Donald Trump's major campaign initiatives was to build a wall at the American/Mexican border, and he frequently made negative comments about various underrepresented groups. I hypothesize that this unorthodox rhetoric, coupled with Donald Trump's proposed policies during his campaign, created an exogenous shock of discrimination for women, and ethnic and racial minority groups when he was elected. The Behavioral Risk Factor Surveillance System dataset, which has a variety of health measures and demographic information compiled at the individual level, is utilized to empirically examine the hypothesis. I examine the average treatment effects of the election using a difference-in-differences estimation strategy. The results indicate that there has been an increase in cigarette use for Hispanic individuals. These results highlight the impact that discriminatory rhetoric by political leaders and public figures has on marginalized groups within society. Policy implications include new ways to target substance use by targeting discrimination.</p>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"35 3","pages":"1020-1069"},"PeriodicalIF":1.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecpo.12249","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50125232","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}
{"title":"Institutional quality and public spending in Europe: A quantile regression approach","authors":"Cristian Barra, Nazzareno Ruggiero","doi":"10.1111/ecpo.12248","DOIUrl":"https://doi.org/10.1111/ecpo.12248","url":null,"abstract":"<p>We appraise the effects of institutional quality on public spending for a set of 27 European countries and 18 Euro-area economies over the 1996–2017 period. While institutions play a weak role in affecting spending once the fixed-effects model is employed, the application of the quantile regression indicates that improved institutional quality mitigates public spending, although the effects crucially depend on the distribution of public expenditure and the sample examined. For both the Euro-area sample and the full sample, we show that better quality of institutions reduces public spending, although the effects become less significant the higher the levels of public spending. Further, for the Euro-area sample, institutions appear to have a stronger role in mitigating public spending. Several robustness tests confirm our findings.</p>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"35 3","pages":"949-1019"},"PeriodicalIF":1.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecpo.12248","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50125231","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}
{"title":"Policy uncertainty and inventory behavior: Evidence from the US manufacturing sector","authors":"Chun Lu, James Routledge, Kam C. Chan, Tongxia Li","doi":"10.1111/ecpo.12251","DOIUrl":"https://doi.org/10.1111/ecpo.12251","url":null,"abstract":"<p>This study investigates the impact of economic policy uncertainty (EPU) on asymmetric inventory investment (i.e., inventory stickiness or sticky inventory management). Using a sample of 74,912 US firm-year observations over the 1984–2021 period, we observe a significantly negative relationship between EPU and asymmetric inventory investment. Our cross-sectional analyses reveal that managers' pessimistic expectations regarding future demand and higher cost of funding and maintaining capacity are the channels through which EPU affects asymmetric inventory behavior. Moreover, this negative impact is more pronounced for firms that face longer-duration uncertainty, rely heavily on government purchases, and have higher firm-specific political risk. Lastly, we find that reducing inventory stickiness leads to improved firm performance during periods of increasing policy uncertainty.</p>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"35 3","pages":"919-948"},"PeriodicalIF":1.0,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50134530","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}
{"title":"Does economic growth benefit the poor? The role of institutions and religions","authors":"Khalid Sekkat","doi":"10.1111/ecpo.12250","DOIUrl":"https://doi.org/10.1111/ecpo.12250","url":null,"abstract":"<p>This paper seeks to explain the difference across countries of the impact of national growth on the growth of the income of the poor. Traditionally, studies attempting to explain such differences investigate only the impact of some additional variables on the income level of the poor. Here, we introduce interaction terms to explain the change in the elasticity of income of the poor to national income. We focus on the role of formal and informal institutions and religions; variables which have rarely been considered in this context. The results show that only formal institutions (i.e., <i>Resistance to corruption</i>) and, to some extent, informal institutions (i.e., <i>Trust all</i>) explain the differences. Religion has no impact. The findings also show that improvements in the <i>Resistance to corruption</i> benefits the extremely poor more than the poor.</p>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"35 3","pages":"892-918"},"PeriodicalIF":1.0,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50134326","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}
{"title":"Challenges in Introducing Innovations in the Veterinary Sector in Bulgaria","authors":"B. Borisov, Iliyan Kostov, G. Nikolova","doi":"10.2478/eoik-2023-0017","DOIUrl":"https://doi.org/10.2478/eoik-2023-0017","url":null,"abstract":"Abstract The digital transformation enters all spheres of public currently. At the same time, it does not take place at the same pace and scale everywhere. Bulgaria delays behind the most European countries in terms of the levels of the Digital Technology Penetration Index (DESI). In the presented research, the reasons for the delaying of digitization are sought, especially in the veterinary sector. In this regard, the subject of the present work is the introduction of special digital technologies to help the veterinary doctors. The aim is to reveal the reasons for the delay and to identify recommendations for a more successful introduction of modern software products and platforms in the veterinary sector. An online survey was conducted among 211 veterinarians of different professional categories and veterinary students, which revealed the main problems before the introduction of innovation and digitalization, taking into account that one of them is the aging of the veterinarians employed in it. The recommendations are made to increase their computer skills and digital competence through training, to emphasize the possibilities of digital innovation in the education of veterinary students, to develop special software products to assist veterinary professionals and the benefits for the veterinary sector are outlined from the introduction of digital innovations.","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"1 1","pages":"143 - 157"},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89539768","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}
{"title":"Inclusive Development as an Instrument to Overcome Economic Inequality and Discrimination","authors":"O. Dluhopolskyi, A. Zhukovska","doi":"10.2478/eoik-2023-0016","DOIUrl":"https://doi.org/10.2478/eoik-2023-0016","url":null,"abstract":"Abstract The problem of economic inequality, manifesting itself in various forms such as uneven distribution of income or wealth, is one of the most important and contradictory problems facing modern scientists in the 21st century. The purpose of this study is to examine the correlation between the level of inclusive development and indicators of inequality in development across the world. VOSviewer was used to conduct bibliometric analysis in the Scopus base, enabling visualization of data on inclusive development. Correlation and regression analysis were employed to assess the relationship between the level of inclusive development and various inequality and discrimination indicators, with all statistical data sourced from the World Bank's collection. It was investigated that in developed countries, there is an inverse relationship between the IDI and Gini index, whereas a direct correlation between the IDI and QLI, HPI, and HDI is observed. Additionally, a direct correlation between the inclusivity of society and the gender neutrality of countries is seen, with the correlation being more pronounced in developed countries. To reduce economic inequality and promote inclusive development, measures should be taken to increase access to educational and training opportunities for disadvantaged groups, as well as to invest in infrastructure and public services in disadvantaged areas.","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"4 1","pages":"11 - 27"},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90597390","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}
{"title":"Effects on the Business in the Conditions of Superior Crises","authors":"Shteryo Nozharov, Y. Hristozov","doi":"10.2478/eoik-2023-0014","DOIUrl":"https://doi.org/10.2478/eoik-2023-0014","url":null,"abstract":"Abstract In recent years, financial and economic crises have been observed, which are a consequence of various global problems and phenomena. Despite the experience of 2008, it seems that the enterprises did not learn enough of their lessons and failed to foresee the difficulties for their business and finances. There are not many examples in history that have seen phenomena of superimposing economic and financial crises. In this case, the situation is caused by the pandemic caused by CoviD-19 and the war in Ukraine. The two events have had serious nongarnishing shocks to businesses and enterprise economies. The purpose of the current research is to trace the effects on business in the conditions of overlapping economic crises – in this case, caused by the covid pandemic and the war in Ukraine. The object of research will be the non-financial enterprises in Bulgaria, and the subject is the analysis of the effects on business as a result of overlapping crises. The aim is to derive and justify the effects and consequences for business in Bulgaria. The aim concerns the claim that the overlapping crises have a negative impact on the finances and economy of the enterprises in Bulgaria. The research was conducted on the basis of a survey among Bulgarian companies from the non-financial sector. The survey is conducted annually at the end of the year, summarizing in December of each year. About 800 companies - members of the Bulgarian Industrial Association take part in it. Their profile is mainly small and medium-sized enterprises, most of them being small.","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"122 1","pages":"223 - 231"},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79460084","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}
{"title":"Seventy Years of FDI Literature: Review, Comparison and Critique","authors":"H. H. Siddique, B. Bardai","doi":"10.2478/eoik-2023-0015","DOIUrl":"https://doi.org/10.2478/eoik-2023-0015","url":null,"abstract":"Abstract International capital movement in the form of Foreign Direct Investment (FDI) by multinational enterprises (MNEs) signifies a widely researched phenomenon in comprehensive review of the FDI literature. Its vastness makes it impossible to fathom its depth, as such the paper highlights what the author considers to be mainstream theories in the domain of empirical studies on FDI. This study critically reviews (FDI) literature over a period of 70 years from 1950 to 2020 to provide a theoretical lens for future research beyond the established models. The discussion covers the mode of FDI inflows, statistical methods applied, theoretical models, contributions to paradigms and empirical papers investigating FDI. Furthermore, the papers selected cover heterogenous geographical regions, while in certain papers FDI has been studied as a dependent variable in others as an independent one. The focus lies on the FDI and its resultant activities of MNEs in the form of subsidiaries to carry out market seeking, strategic asset-seeking and efficiency seeking activities. Though, most researchers have narrowed down to four determinants of FDI i.e., motives of MNEs for undertaking FDI, size of MNEs, entry modes into host country and investments sector recently, many works have applied formal theories to provide a framework for market failure such as holdup problems, non-fulfillment of contracts and related agency costs. It is concluded that FDI has evolved into a significant area of empirical investigation. Overall, the gaps and opportunities in existing literature are identified thereby directions for further research emerge.","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"20 1","pages":"195 - 221"},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80255514","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}
{"title":"The Impact of Foreign Mergers and Acquisitions on ESG Performance of Chinese Listed Companies: Empirical Analysis Based on the PSM-DID Method","authors":"Xiao Lu, Minxing Zhu","doi":"10.11648/j.eco.20231202.13","DOIUrl":"https://doi.org/10.11648/j.eco.20231202.13","url":null,"abstract":"","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"54 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88200166","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}