Economic RecordPub Date : 2025-08-14DOI: 10.1111/1475-4932.70005
Randolph Luca Bruno
{"title":"The Economics of Creative Destruction: New Research on Themes from Aghion and Howitt, Edited by Ufuk Akcigit and John Van Reenen (Harvard University Press, 2023)","authors":"Randolph Luca Bruno","doi":"10.1111/1475-4932.70005","DOIUrl":"https://doi.org/10.1111/1475-4932.70005","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"411-414"},"PeriodicalIF":1.2,"publicationDate":"2025-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145038315","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}
Economic RecordPub Date : 2025-07-01DOI: 10.1111/1475-4932.70001
Mikyung Yun
{"title":"The Impact of Technical Efficiency on Productivity Growth: Evidence from the Korean Pharmaceutical Industry*","authors":"Mikyung Yun","doi":"10.1111/1475-4932.70001","DOIUrl":"https://doi.org/10.1111/1475-4932.70001","url":null,"abstract":"<p>This study examines the effects of technological capability, technological spillovers, and technological gap on firm-level productivity growth in the Korean pharmaceutical industry over the period 2000-2023. Utilizing the generalized true random effects (GTRE) stochastic frontier analysis, this article estimates technical efficiency to serve as a proxy for the technological gap. The results indicate that technological divergence is the primary driver of inter-firm productivity polarization, with limited evidence of technological spillovers from frontier firms to laggards. These findings support the low technological capability hypothesis over the Schumpeterian catch-up hypothesis, which posits convergence through innovation diffusion. The study further highlights that, even at the frontier, intra-firm technological diffusion can be sluggish under conditions of rapid technological change. It underscores the importance of intra-firm diffusion, characterized by distinct mechanisms from inter-firm diffusion, as a key determinant of productivity growth alongside inter-firm technological divergence.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 S1","pages":"26-49"},"PeriodicalIF":1.1,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144681227","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}
Economic RecordPub Date : 2025-06-22DOI: 10.1111/1475-4932.12891
Kabir Dasgupta, Lisa Meehan, Alexander Plum
{"title":"Skills, Economic Crises and the Labour Market*","authors":"Kabir Dasgupta, Lisa Meehan, Alexander Plum","doi":"10.1111/1475-4932.12891","DOIUrl":"https://doi.org/10.1111/1475-4932.12891","url":null,"abstract":"<p>Do higher skills help mitigate the negative impact of economic crises? We study the effect of two major economic setbacks—the Global Financial Crisis (GFC) in 2007–09 and the COVID-19 period from early 2020—on wage progression for New Zealanders with different skill levels. For our analysis, we link the PIAAC survey data on literacy and numeracy skills with the Inland Revenue's tax records that document the entire workforce's monthly labour market information. During the GFC, the adverse impact of the economic shock on wage progression appears to be significantly lower for the higher-skilled population. Moreover, those in the low-skilled group who changed employers during the GFC experienced the largest wage drop. However, during the more recent period of COVID-19 restrictions, we find little evidence of skill-based differences in wage progression. In some years, low-skilled workers even experienced slightly faster wage growth than high-skilled workers.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"301-322"},"PeriodicalIF":1.2,"publicationDate":"2025-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12891","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145038228","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}
Economic RecordPub Date : 2025-06-18DOI: 10.1111/1475-4932.12877
Eamon McGinn, Shiko Maruyama
{"title":"Why Waste Your Vote? Informal Voting in Compulsory Elections in Australia","authors":"Eamon McGinn, Shiko Maruyama","doi":"10.1111/1475-4932.12877","DOIUrl":"https://doi.org/10.1111/1475-4932.12877","url":null,"abstract":"<p>In Australia, where voting is compulsory, around 5 per cent of votes are informal, not counting toward the outcome. Between 2004 and 2016, 32 per cent of electorates reported more informal votes than votes in the margin between the winner and runner-up. Using exogenous changes in electorate boundaries, we test two hypotheses from the literature. We find the pivotal voter theory unsupported, except that better-educated voters respond to the margin more strategically. However, we do find that more candidates cause more informal votes. This choice-overload effect is observed regardless of voters' education, indicating the role of time and effort cost rather than cognitive difficulty.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"275-300"},"PeriodicalIF":1.2,"publicationDate":"2025-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145038477","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}
Economic RecordPub Date : 2025-06-16DOI: 10.1111/1475-4932.12879
Florian Ploeckl, Adam Baird
{"title":"Banking in the Bush","authors":"Florian Ploeckl, Adam Baird","doi":"10.1111/1475-4932.12879","DOIUrl":"https://doi.org/10.1111/1475-4932.12879","url":null,"abstract":"<p>The State Savings Bank of Victoria (SSBV) played a pivotal role as the first public bank to offer financial services, including deposit banking and agricultural loans, across rural areas in Victoria. This study investigates the spatial distribution and activities of the SSBV within rural municipalities between Federation and World War I. The SSBV's presence exhibited a nuanced interplay between population density and spatial coverage but was primarily associated with its deposit banking services. Agricultural loans demonstrated a correlation with both population patterns and agricultural suitability of each municipality, while deposit banking volumes at SSBV locations closely tracked local economic activity reflected by the revenues of corresponding local post offices. Furthermore, despite losing its post office distribution network to the newly established Commonwealth Bank in 1912, the SSBV successfully attracted additional new customers in locations where it created new full branch offices in response.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 S1","pages":"3-25"},"PeriodicalIF":1.1,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12879","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144681373","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}
Economic RecordPub Date : 2025-05-30DOI: 10.1111/1475-4932.12887
{"title":"RETRACTION: The Remnants of Race Science: UNESCO and Economic Development in the Global South, by Sebastián Gil-Riaño (Columbia University Press, New York, 2023), pp. 392","authors":"","doi":"10.1111/1475-4932.12887","DOIUrl":"https://doi.org/10.1111/1475-4932.12887","url":null,"abstract":"<p><b>RETRACTION</b>: A. Aldi and N. Hamid, “The Remnants of Race Science: UNESCO and Economic Development in the Global South, by Sebastián Gil-Riaño (Columbia University Press, New York, 2023), pp. 392,” <i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12854.</p><p>The above article, published online on 9 December 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12887","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492729","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}
Economic RecordPub Date : 2025-05-30DOI: 10.1111/1475-4932.12885
{"title":"RETRACTION: Financial Perspectives of Economic History, Volume II: Capitalist Revolution, International Trade, Banking, Insurance, by László Vértesy (Barcelona: Gazdaságelemző Intézet – Institute for Economic Analysis, 2024), pp. 447","authors":"","doi":"10.1111/1475-4932.12885","DOIUrl":"https://doi.org/10.1111/1475-4932.12885","url":null,"abstract":"<p><b>RETRACTION</b>: Astini, A.H. Paddu, and A. Aldi, “Financial Perspectives of Economic History, Volume II: Capitalist Revolution, International Trade, Banking, Insurance, by László Vértesy (Barcelona: Gazdaságelemző Intézet – Institute for Economic Analysis, 2024), pp. 447,”<i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12844.</p><p>The above article, published online on 5 November 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12885","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492734","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}
Economic RecordPub Date : 2025-05-30DOI: 10.1111/1475-4932.12882
{"title":"RETRACTION: The Economics of Inequality, by Robert S. Rycroft (Routledge, California, 2024), pp. vi + 450","authors":"","doi":"10.1111/1475-4932.12882","DOIUrl":"https://doi.org/10.1111/1475-4932.12882","url":null,"abstract":"<p><b>RETRACTION</b>: P.A. Azani and I.T. Abdireviane, “The Economics of Inequality, by Robert S. Rycroft (Routledge, California, 2024), pp. vi + 450,” <i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12839.</p><p>The above article, published online on 21 October 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12882","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492732","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}
Economic RecordPub Date : 2025-05-30DOI: 10.1111/1475-4932.12886
{"title":"RETRACTION: How Sanctions Work: Iran and the Impact of Economic Warfare, by Narges Bajoghli (Eds.) (Stanford University Press, California, 2024), 214 pp.","authors":"","doi":"10.1111/1475-4932.12886","DOIUrl":"https://doi.org/10.1111/1475-4932.12886","url":null,"abstract":"<p><b>RETRACTION</b>: A. Ambo and I.T. Abdireviane, “How Sanctions Work: Iran and the Impact of Economic Warfare, by Narges Bajoghli (Eds.) (Stanford University Press, California, 2024), 214 pp.,” <i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12840.</p><p>The above article, published online on 21 October 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12886","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492733","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}