发布求助
文献互助 智能选刊 最新文献

Manchester School最新文献

筛选
英文 中文
Are pro-productivity policies fit for purpose? 提高生产力的政策是否符合目的?
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-11-30 DOI: 10.1111/manc.12464
Bart van Ark, Klaas de Vries, Dirk Pilat
{"title":"Are pro-productivity policies fit for purpose?","authors":"Bart van Ark,&nbsp;Klaas de Vries,&nbsp;Dirk Pilat","doi":"10.1111/manc.12464","DOIUrl":"10.1111/manc.12464","url":null,"abstract":"<p>In this paper we examine productivity trends, drivers of productivity growth and pro-productivity policies across the G-20 economies since 1970. While we find distinctly different productivity growth dynamics between G-20 economies and over time, one common observation is a widely shared slowdown in labour productivity growth since the 2010s underpinned by lower (or even negative) total factor productivity growth. Moreover, the growth in capital per worker hour has also begun to level off. We develop a typology of pro-productivity policies and argue that policies for investment and technological change need strengthening to support a revival of productivity growth. Such policies should include a balanced approach to stronger technological progress and more rapid diffusion; a strengthening of investment, especially in intangibles and public services; and greater attention for human capital. We also argue for stronger institutions and capabilities that allow for dynamic learning about pro-productivity policies across countries and over time.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 2","pages":"191-208"},"PeriodicalIF":1.1,"publicationDate":"2023-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12464","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138504597","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
Current account dynamics: A SVAR analysis when the country-specific shocks are correlated at leads 经常账户动态：当特定国家的冲击在先导时相互关联时的 SVAR 分析
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-11-01 DOI: 10.1111/manc.12462
César R. Sobrino, Ellis Heath
{"title":"Current account dynamics: A SVAR analysis when the country-specific shocks are correlated at leads","authors":"César R. Sobrino,&nbsp;Ellis Heath","doi":"10.1111/manc.12462","DOIUrl":"10.1111/manc.12462","url":null,"abstract":"<p>The assumption of no correlation of the structural shocks as Blanchard and Quah's identification (BQ) assumes is not suitable when central banks, through discretionary policies or inflation targeting regimes, affect the output growth among other goals. In this study, we analyze the present value model of the current account (PVM) using a three-SVAR specification and a modified BQ to identify three structural shocks: country-specific permanent, country-specific temporary, and global, but allowing the correlation of the domestic ones. Using Australia, Canada, Norway, and the UK, we find that those shocks are correlated and are less volatile than BQ would assume they are. The PVM predictions that hold are: (i) a positive (no) response in the current account to a country-specific temporary (global) shock; and (ii) with the exception of Australia, there is no response in the current account to a country-specific permanent shock. In addition, for all countries, the country-specific temporary shock dominates current account changes but does not dominate net output growth fluctuations, which was a puzzle identified by a prior study. The role of the shock is enhanced by the modified BQ, but even with this enhancement, it still does not hold the most significant role in output variations, as indicated by PVM.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 2","pages":"171-190"},"PeriodicalIF":1.1,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135373087","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
Frictions and the diffusion of automation 摩擦与自动化的普及
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-10-30 DOI: 10.1111/manc.12461
Nikolaos Charalampidis
{"title":"Frictions and the diffusion of automation","authors":"Nikolaos Charalampidis","doi":"10.1111/manc.12461","DOIUrl":"10.1111/manc.12461","url":null,"abstract":"<p>This paper studies the implications of business cycle frictions for the diffusion of permanent changes in automation. Incorporating task-based production in different versions of the New Keynesian model reveals considerable short-run implications. Price-distorting nominal rigidities amplify the labor displacement and attenuate the productivity and welfare gains of automation during the transition to the new equilibrium. They exacerbate the falls in the labor income share, the job finding probability, the value of long-term contracts, and labor market tightness. The inflation response follows a J-curve. Frictions in capital supply and wage rigidities amplify the labor displacement and attenuate the productivity gains too.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 2","pages":"148-170"},"PeriodicalIF":1.1,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12461","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136067986","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
Total factor productivity and structural reforms: Evidence from advanced economies sector-level data 全要素生产率与结构改革：来自发达经济体部门层面数据的证据
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-10-27 DOI: 10.1111/manc.12463
João Tovar Jalles
{"title":"Total factor productivity and structural reforms: Evidence from advanced economies sector-level data","authors":"João Tovar Jalles","doi":"10.1111/manc.12463","DOIUrl":"10.1111/manc.12463","url":null,"abstract":"<p>This paper computes a new measure of capacity utilization-adjusted Total Factor Productivity (TFP) using sector-level data from a sample of 18 Advanced Economies and 24 industries between 1970 and 2014. We then empirically examine the impact of structural reforms (labor and product market) on TFP by means of the local projection method. Structural reforms follow a narrative-base construction which have several advantages in our context. Results show that structural reforms positively impact TFP, particularly the liberalization of employment protection legislation for regular workers. The effect of reforms affects both changes in resource misallocation across sectors (the between effect) and within sectors (the within effect). The TFP-effect of both types of reforms varies depending on the phase of the business cycle prevailing at the time the reform is implemented. Finally, our findings are robust to a wide range sensitivity checks.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 2","pages":"122-147"},"PeriodicalIF":1.1,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136263473","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
Payment delay in workfare programmes and household welfare: Theory and some evidence from India 工作福利计划和家庭福利中的延迟支付：印度的理论和一些证据
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-10-18 DOI: 10.1111/manc.12460
Parantap Basu, Rajesh Raj S. N, Kunal Sen
{"title":"Payment delay in workfare programmes and household welfare: Theory and some evidence from India","authors":"Parantap Basu,&nbsp;Rajesh Raj S. N,&nbsp;Kunal Sen","doi":"10.1111/manc.12460","DOIUrl":"10.1111/manc.12460","url":null,"abstract":"<p>Using the lens of a life cycle model, we argue that an administrative failure of a wage payment delay in a workfare programme could adversely affect the welfare of the poor through two channels. First, it imposes an implicit consumption tax on the household. Second, it changes the status of labour from a “cash” to a credit” good and encourages workers with negative net worth to work harder to clear off the debt. The loss of welfare persists even when the worker has outside employment options. The model's prediction accords well with India's flagship National Rural Employment Guarantee Act (MGNREGA), where payment delay to workers participating in the programme has been endemic. Our empirical evidence suggests that, contrary to conventional wisdom, worker participation in the MGNREGA programme is positively associated with a wage payment delay. However, such increased worker participation instead of signalling success of the programme points to a deeper problem of this workfare programme because of the welfare loss suffered by asset-poor households.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 2","pages":"93-121"},"PeriodicalIF":1.1,"publicationDate":"2023-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12460","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135889917","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
Correction to Fixed-fee vs. royalty licensing under asymmetric demand information 非对称需求信息下固定费用与特许权使用费许可的修正
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-09-07 DOI: 10.1111/manc.12459
{"title":"Correction to Fixed-fee vs. royalty licensing under asymmetric demand information","authors":"","doi":"10.1111/manc.12459","DOIUrl":"https://doi.org/10.1111/manc.12459","url":null,"abstract":"<p>In Li &amp; Yanagawa (<span>2021</span>), the name and number of the funding project was omitted. This should be as follows:</p><p>Funding: This work was supported by Guangdong Office of Philosophy and Social Science Grant Number GD19CYJ08.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"91 6","pages":"642"},"PeriodicalIF":1.1,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12459","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50134901","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
International trade: Smarten up to talk the talk 国际贸易：聪明起来说话
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-09-05 DOI: 10.1111/manc.12458
Levi Haas, Klaus R. Schenk-Hoppé
{"title":"International trade: Smarten up to talk the talk","authors":"Levi Haas,&nbsp;Klaus R. Schenk-Hoppé","doi":"10.1111/manc.12458","DOIUrl":"https://doi.org/10.1111/manc.12458","url":null,"abstract":"<p>International trade is currently under fire from many sides. Protectionist trade policies are on the rise, putting an end to the decade-long March of free trade. Making sense of the daily headlines and having an informed opinion on your own has rarely been more important than it is now. Our work aims to explain the driving forces behind international trade, its history, how it shaped the world, its economic models, issues ranging from job losses to the environment and why buying local often makes no sense. We summarize the most important academic literature on these topics in a non-technical, educational manner. If the reader feels enabled to form their own views on the pros and cons of international trade and that they can ‘talk the talk’, our effort has been fruitful.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"91 6","pages":"521-569"},"PeriodicalIF":1.1,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12458","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50122345","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
Investor sentiment contagion and network connectedness: Evidence from China and other international stock markets 投资者情绪传染与网络连通性：来自中国和其他国际股市的证据
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-08-09 DOI: 10.1111/manc.12457
Yandi Liu, Jun Zhang, Na Guo, Jingshan Liu
{"title":"Investor sentiment contagion and network connectedness: Evidence from China and other international stock markets","authors":"Yandi Liu,&nbsp;Jun Zhang,&nbsp;Na Guo,&nbsp;Jingshan Liu","doi":"10.1111/manc.12457","DOIUrl":"https://doi.org/10.1111/manc.12457","url":null,"abstract":"<p>International economic exchanges have become more frequent, and the degree of the mutual influences of investor sentiment in the stock markets of various countries has been increasing. Therefore, the study of cross-country spillover effects of investor sentiment is of great relevance to the analysis of financial market linkage and the diffusion mechanisms between countries. This study examined the directions and levels of investor sentiment spillovers in 10 countries from 2003 to 2020 by constructing aggregate and directional spillover indices and analyzing the static and dynamic characteristics as well as the network structures of the spillover effects. The results revealed that (1) investor sentiment had significant cross-country spillover effects and their intensities were time-varied, with the total sentiment spillover index rising sharply in response to extreme events, such as the subprime mortgage crisis, the European sovereign debt crisis, the United Kingdom's (U.K.) Brexit policy, and the coronavirus pandemic. (2) The spillover effects were impacted by the level of economic and financial development. Overall, developed countries had higher levels of spillover than did developing countries. (3) Countries that were highly correlated with extreme events had stronger spillover effects. For example, the United States and the U.K. were the main net “exporters” of sentiment during the subprime crisis, and Germany became the top “exporter” during the European sovereign debt crisis. Our findings have important implications for policymakers who aim to understand capital markets correlations and promote regulatory coordination across countries.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"91 6","pages":"587-613"},"PeriodicalIF":1.1,"publicationDate":"2023-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50125790","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
Public expenditure, risk sharing and economic growth 公共支出、风险分担和经济增长
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-07-31 DOI: 10.1111/manc.12456
Lifeng Zhang
{"title":"Public expenditure, risk sharing and economic growth","authors":"Lifeng Zhang","doi":"10.1111/manc.12456","DOIUrl":"10.1111/manc.12456","url":null,"abstract":"<p>We develop an endogenous growth model with expanding variety in which asymmetric information frictions arise when R&amp;D firms need access to external funding to finance their R&amp;D investments and public expenditure affects the magnitude of hidden costs, in turn affecting the severity of asymmetric information frictions. We show that public expenditure affects growth by influencing risk sharing, thereby identifying a new channel, unlike the standard mechanism used in the literature that emphasizes the role of public expenditure in directly improving the productivity of the private sector.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 1","pages":"67-89"},"PeriodicalIF":1.1,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73467789","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
Worker commitment and establishment performance in Europe 在欧洲的员工承诺和企业绩效
IF 1.1 4区 经济学
Manchester School Pub Date : 2023-07-28 DOI: 10.1111/manc.12455
John T. Addison, Paulino Teixeira
{"title":"Worker commitment and establishment performance in Europe","authors":"John T. Addison,&nbsp;Paulino Teixeira","doi":"10.1111/manc.12455","DOIUrl":"10.1111/manc.12455","url":null,"abstract":"<p>Using a cross section of matched data from the employee and management questionnaires of the European Company Survey for 28 nations, this paper investigates the determinants of worker commitment and the potential contribution of commitment to establishment performance. An index of worker commitment is constructed from <i>employer</i> perceptions of the motivation of workers and their retention and absenteeism propensities, while the determinants of commitment are fashioned from observations taken from the <i>worker representation side,</i> ordered along dimensions such as perceived organizational trust and involvement. The commitment index is then linked to establishment performance outcomes. Key findings from the commitment equation are the positive role of trust in management, the quality of information exchanged, and the degree of worker representation influence in respect of major decisions taken by management. In turn, commitment emerges as a key correlate of establishment financial performance and labor productivity growth. Our supplemental sensitivity analysis is supportive of the interpretation of commitment as a driver of performance.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"92 1","pages":"40-66"},"PeriodicalIF":1.1,"publicationDate":"2023-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76129163","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
首页 上一页 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