Economic Record最新文献_第3页

The Ineffective Origin of Australian Protectionism? Victoria's McCulloch Tariff of 1866 澳大利亚保护主义的无效起源？1866年维多利亚的麦卡洛克关税

IF 1.2 4区经济学

Economic Record Pub Date : 2025-08-29 DOI: 10.1111/1475-4932.70003

Brian D. Varian

{"title":"The Ineffective Origin of Australian Protectionism? Victoria's McCulloch Tariff of 1866","authors":"Brian D. Varian","doi":"10.1111/1475-4932.70003","DOIUrl":"https://doi.org/10.1111/1475-4932.70003","url":null,"abstract":"Economic historians have identified Victoria's McCulloch Tariff of 1866 as the genesis of Australian protection of manufacturing—a trade-policy regime that was to persist until the late-twentieth century. The McCulloch Tariff imposed 10 per cent duties on a range of manufactured imports; this range was further extended by the closely following Customs Act of 1867. Victoria's pathbreaking protectionist legislation of 1866–1867 has, until now, escaped any direct cliometric assessment of its consequences. This article relies on what little industry-specific data are available for Victoria in this period: annual data on the number of manufactories in operation in the years preceding and following the policy change. Following a difference-in-differences approach, this study finds no statistically significant association between the imposition of the 10 per cent duties and the number of manufactories. This finding is irrespective of changes in the regression sample, definition of an untreated industry, and estimation method used. The McCulloch Tariff is better remembered for the trajectory on which it placed Victorian economic policy.","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 335","pages":"524-546"},"PeriodicalIF":1.2,"publicationDate":"2025-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145719794","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

News and Notices 新闻及通告

IF 1.2 4区经济学

Economic Record Pub Date : 2025-08-27 DOI: 10.1111/1475-4932.70006

引用次数: 0

AI-Generated Price-Setting Insights from Firms' Earnings Calls* 企业财报电话会议中人工智能生成的定价洞察*

IF 1.2 4区经济学

Economic Record Pub Date : 2025-08-27 DOI: 10.1111/1475-4932.70004

Callan Windsor, Max Zang

引用次数: 0

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) 《创造性破坏的经济学：对阿吉翁和霍伊特主题的新研究》，乌福克·阿克吉特和约翰·范·雷南主编（哈佛大学出版社，2023年）

IF 1.2 4区经济学

Economic Record Pub Date : 2025-08-14 DOI: 10.1111/1475-4932.70005

Randolph Luca Bruno

引用次数: 0

The Impact of Technical Efficiency on Productivity Growth: Evidence from the Korean Pharmaceutical Industry* 技术效率对生产率增长的影响：来自韩国制药业的证据*

IF 1.1 4区经济学

Economic Record Pub Date : 2025-07-01 DOI: 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":"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.","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}

引用次数: 0

Nowcasting Quarterly GDP Growth During the COVID-19 Crisis Using a Monthly Activity Indicator* 利用月度经济活动指标预测2019冠状病毒病危机期间的季度GDP增长*

IF 1.2 4区经济学

Economic Record Pub Date : 2025-06-24 DOI: 10.1111/1475-4932.70000

Luke Hartigan, Tom Rosewall

{"title":"Nowcasting Quarterly GDP Growth During the COVID-19 Crisis Using a Monthly Activity Indicator*","authors":"Luke Hartigan, Tom Rosewall","doi":"10.1111/1475-4932.70000","DOIUrl":"https://doi.org/10.1111/1475-4932.70000","url":null,"abstract":"What is happening now? The onset of the COVID-19 crisis in 2020 highlighted the importance of having timely data on the economy to help policy-makers make more informed decisions. However, the most comprehensive measure of activity, GDP, is published with a long lag, limiting its value to policy-makers as a measure of the current state of the economy. To overcome this information deficiency, we develop a monthly activity indicator (MAI) for Australia. The MAI provides policy-makers with a more immediate snapshot of prevailing economic conditions. We achieve this by using a dynamic factor model to summarise the information content from a curated list of 35 monthly predictors selected for their ability to explain movements in quarterly real GDP growth. We undertake a pseudo out-of-sample nowcasting exercise using the MAI in an unrestricted MIDAS model and find that nowcasts based on the MAI significantly outperform standard benchmark models. Crucially, outperformance is largest during the COVID-19 crisis, emphasising the benefit from considering timely data. Our results demonstrate that the MAI is a useful tool for policy-makers to gain a better understanding of current economic conditions in Australia.","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 335","pages":"456-484"},"PeriodicalIF":1.2,"publicationDate":"2025-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70000","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145719609","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

Skills, Economic Crises and the Labour Market* 技能、经济危机和劳动力市场*

IF 1.2 4区经济学

Economic Record Pub Date : 2025-06-22 DOI: 10.1111/1475-4932.12891

Kabir Dasgupta, Lisa Meehan, Alexander Plum

引用次数: 0

Why Waste Your Vote? Informal Voting in Compulsory Elections in Australia 为什么要浪费你的选票？澳大利亚强制选举中的非正式投票

IF 1.2 4区经济学

Economic Record Pub Date : 2025-06-18 DOI: 10.1111/1475-4932.12877

Eamon McGinn, Shiko Maruyama

引用次数: 0

Banking in the Bush 布什的银行业