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
Organizational form and multiple exportable goods in export rivalry trade 出口竞争贸易的组织形式与多种出口商品
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-07-08 DOI: 10.1111/manc.12418
Kangsik Choi
{"title":"Organizational form and multiple exportable goods in export rivalry trade","authors":"Kangsik Choi","doi":"10.1111/manc.12418","DOIUrl":"10.1111/manc.12418","url":null,"abstract":"<p>Focusing on the multiple exportable goods between intrabrand and interbrand competition in the export rivalry market, we analyze foreign firms' endogenous choice of organizational form in the face of tariffs. It is shown that if the degree of intrabrand competition is sufficiently high, firms provide corporate incentives (i.e., U-form) when goods are substitutes and divisional incentives (i.e., M-form) when goods are complements, and vice versa. This result relating to the prisoner's dilemma situation depends on which effect between the tariff level and incentive terms dominates. In the case of a low degree of intrabrand competition, choosing the M-form (U-form) brings about Pareto efficiency for foreign firms' profits and social welfare in the importing country when goods are substitutes (complements). In contrast to previous studies, when comparing the case of no delegation with the M-form or U-form, the Pareto optimum can also be achieved for both foreign firms choosing the M-form or U-form endogenously and the importing country, without a prisoner's dilemma involving no delegation.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 5","pages":"565-586"},"PeriodicalIF":1.1,"publicationDate":"2022-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84716856","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
Currency returns and systematic risk 货币回报和系统性风险
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-07-02 DOI: 10.1111/manc.12416
Fernanda Gonçalves, Giuliano Ferreira, Alex Ferreira, Pedro Scatimburgo
{"title":"Currency returns and systematic risk","authors":"Fernanda Gonçalves,&nbsp;Giuliano Ferreira,&nbsp;Alex Ferreira,&nbsp;Pedro Scatimburgo","doi":"10.1111/manc.12416","DOIUrl":"10.1111/manc.12416","url":null,"abstract":"<p>We investigate the relationship between currency excess returns and Gross Domestic Product (GDP) in a Consumption Capital Asset Pricing Model. GDPs are observable systematic risk factors in our asset pricing equations. The correlation between the unobservable systematic factors is explored by Seemingly Unrelated Regressions estimations. The sample comprises the period from 1999:M01 to 2019:M12 and 48 countries. Results show that GDP growth risk is significant for most currency pairs and portfolios. We also find that they are priced in the cross-section of excess returns. Furthermore, currency returns are directly affected by regional business cycles (Europe, America, and Asia).</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 6","pages":"609-647"},"PeriodicalIF":1.1,"publicationDate":"2022-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80799862","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: 1
Faith? Hope? Charity? Religion explains giving when warm glow and impure altruism do not 信仰?希望?慈善机构吗?宗教解释了当温暖的光芒和不纯粹的利他主义不能解释的给予
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-06-27 DOI: 10.1111/manc.12415
Clive D. Fraser
{"title":"Faith? Hope? Charity? Religion explains giving when warm glow and impure altruism do not","authors":"Clive D. Fraser","doi":"10.1111/manc.12415","DOIUrl":"10.1111/manc.12415","url":null,"abstract":"<p>I explain why many charities, especially religious ones, spend significantly to improve poor community members' living standards. Conventional theoretical philanthropy models with altruism or impure altruism/warm glow cannot explain poverty-alleviating private transfers in the type and size of communities where this occurs—for example, congregations. However, if preferences reflect religious precepts (you are your brothers' keeper; treat neighbours like yourself), charitable poverty alleviation can be optimal even in large communities. Income and price elasticities for giving prove important. Surprisingly, charitable private transfers are less likely when donors care for recipients' living standard instead of the aggregate amount all recipients get.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 5","pages":"500-523"},"PeriodicalIF":1.1,"publicationDate":"2022-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12415","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78330252","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
Informality and financial development: A literature review 非正式性与金融发展:文献综述
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-06-22 DOI: 10.1111/manc.12417
Salvatore Capasso, Franziska Ohnsorge, Shu Yu
{"title":"Informality and financial development: A literature review","authors":"Salvatore Capasso,&nbsp;Franziska Ohnsorge,&nbsp;Shu Yu","doi":"10.1111/manc.12417","DOIUrl":"10.1111/manc.12417","url":null,"abstract":"<p>A large literature has documented an inverse relationship between financial development and the size of the informal economy, with some evidence that the link is non-monotonic and depends on the institutional environment. The direction of causality, however, remains a matter of debate, making it hard to identify the right policy interventions for better economic outcomes. This paper reviews this literature. Drawing on the theoretical literature, it sketches out the various channels through which financial development can influence firms' choice to operate informally at all or the degree to which they operate informally, or vice versa. In addition, this paper summarizes the empirical evidence that, at the moment, suggests causality running in either direction.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 5","pages":"587-608"},"PeriodicalIF":1.1,"publicationDate":"2022-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12417","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74954484","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: 3
Examining regional asymmetries in drivers of international migration flows 研究国际移民流动驱动因素的区域不对称性
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-06-15 DOI: 10.1111/manc.12414
Anupam Nanda, Olayiwola Oladiran
{"title":"Examining regional asymmetries in drivers of international migration flows","authors":"Anupam Nanda,&nbsp;Olayiwola Oladiran","doi":"10.1111/manc.12414","DOIUrl":"https://doi.org/10.1111/manc.12414","url":null,"abstract":"<p>Migration is key to economic development, with varying implications and uneven impacts on origin and destination regions. This paper examines the variation in the major drivers of migration within and across continental blocs and the OECD in a gravity framework. The empirical model uses bilateral migration flow data for 182 countries over a 25 year period (1990–2015) while controlling for push and pull drivers of migration. The novelty of the study rests in the added dimension of the variation in the impact of migration drivers that is based on the direction of migration flow. The results suggest that migration drivers vary significantly across several economic blocs based in different regions and OECD countries. We find that the weight and significance of the impact of migration drivers vary significantly based on the direction of flow across continental blocs and the OECD, although some similarities exist in some regions regardless of the direction of migration flow. The results specifically show that economic and socio-cultural drivers of migration are strongest when migration originates in continents dominated by developing countries and terminates in other continents, compared to migration that originates and terminates within the continents. This raises some anomalies and several issues of potential policy intervention.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 6","pages":"648-667"},"PeriodicalIF":1.1,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137525108","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
Inter-sectoral relative price, inflation and structural transformation 部门间相对价格、通货膨胀和结构转型
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-06-07 DOI: 10.1111/manc.12413
Subhasankar Chattopadhyay
{"title":"Inter-sectoral relative price, inflation and structural transformation","authors":"Subhasankar Chattopadhyay","doi":"10.1111/manc.12413","DOIUrl":"10.1111/manc.12413","url":null,"abstract":"<p>While the pattern of composition of sectoral output and consumption are well stylised during growth and structural transformation of an economy, the evidence on the movement of inter-sectoral relative price is mixed across countries. This paper investigates how demand and supply side forces simultaneously shape structural transformation and the path of relative price in a two-sector economy comprising an agricultural and a non-agricultural sector. The model incorporates non-homothetic preference, heterogeneous sectoral production functions with heterogeneous and exogenous total factor productivity growth. We further investigate how the equilibrium path of relative price contributes to inflation measured by proportionate changes in the aggregate price level which is an index of sectoral prices. We find that the equilibrium rate of inflation is always positive during structural transformation. The rate of inflation increases with increase in growth rate of the non-agricultural sector and with a higher preference for agricultural goods, and reduces with an increase in the growth of the agricultural sector.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 5","pages":"524-540"},"PeriodicalIF":1.1,"publicationDate":"2022-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72381484","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
Gender differences in science, technology, engineering and maths uptake and attainment in post-16 education 在16岁以后的教育中，科学、技术、工程和数学方面的性别差异
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-04-17 DOI: 10.1111/manc.12403
Emily McDool, Damon Morris
{"title":"Gender differences in science, technology, engineering and maths uptake and attainment in post-16 education","authors":"Emily McDool,&nbsp;Damon Morris","doi":"10.1111/manc.12403","DOIUrl":"10.1111/manc.12403","url":null,"abstract":"<p>The underrepresentation of women in Science, Technology, Engineering and Maths (STEM) occupations is a world-wide phenomenon. The UK is simultaneously encountering a shortage of STEM skills. While gender imbalances in STEM study in higher education and A-level study are widely documented, gender imbalances are apparent in vocational post-16 education, though the existence and causes of these imbalances have received little attention. This paper uses administrative data to explore the extent of gender imbalances in STEM qualifications attempted and achieved in vocational post-16 education routes. Gender differentials in the uptake of vocational STEM qualifications are much starker than they are in A-levels and the roles of ability, socio-economic status and school characteristics in explaining gender differentials differ with the education route taken, though their power in explaining these gaps is limited.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 5","pages":"473-499"},"PeriodicalIF":1.1,"publicationDate":"2022-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12403","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87840341","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: 2
Leadership in internationalization strategies 国际化战略领导
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-03-01 DOI: 10.1111/manc.12400
Maja Barac, Rafael Moner-Colonques
{"title":"Leadership in internationalization strategies","authors":"Maja Barac,&nbsp;Rafael Moner-Colonques","doi":"10.1111/manc.12400","DOIUrl":"10.1111/manc.12400","url":null,"abstract":"<p>This paper examines leadership in internationalization strategies for an asymmetric cost duopoly where firms choose between exports and foreign direct investment (FDI) in a sequential setting. The incentive to lead and to engage in FDI is stronger for the more efficient firm. With sequential choices and the efficient firm playing in advance, it is less likely that firms pick identical internationalization strategies in equilibrium, as compared with simultaneous choices; this is more so for greater cost asymmetry. It also happens for large enough oligopoly profitability when the inefficient firm plays in advance. Follow-the-leader behaviour in FDI arises for low values of the setup cost. Although entry in FDI by both firms is best for consumers, total welfare can be higher with opposite internationalization strategies. Were firms given the opportunity to lead or wait and enter later, the efficient firm would emerge as the leader in exports/FDI depending on the well-known proximity-concentration trade-off. Interestingly, the less efficient firm might prefer to wait for strategic reasons.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 3","pages":"293-318"},"PeriodicalIF":1.1,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/manc.12400","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80748076","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
Economic policy uncertainty and unconventional monetary policy 经济政策不确定性与非常规货币政策
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-02-21 DOI: 10.1111/manc.12401
Yoshito Funashima
{"title":"Economic policy uncertainty and unconventional monetary policy","authors":"Yoshito Funashima","doi":"10.1111/manc.12401","DOIUrl":"10.1111/manc.12401","url":null,"abstract":"<p>In this study, the US daily economic policy uncertainty (EPU) index is employed to examine how EPU changes because of the implementation of and exit from the unconventional monetary policy adopted by the Federal Open Market Committee (FOMC). The analysis suggests that forward guidance lowers the volatility of EPU. Moreover, the EPU level decreases during the tapering period of quantitative easing. This may be attributable to the unequivocal expected lifting of the zero interest rate policy. In contrast to these findings favoring the FOMC’s successful communication, it is found that time-contingent forward guidance increases EPU.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 3","pages":"278-292"},"PeriodicalIF":1.1,"publicationDate":"2022-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78898462","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: 2
R&D rivalry with endogenous compatibility 研发竞争与内生相容性
IF 1.1 4区 经济学
Manchester School Pub Date : 2022-02-12 DOI: 10.1111/manc.12399
John S. Heywood, Zerong Wang, Guangliang Ye
{"title":"R&D rivalry with endogenous compatibility","authors":"John S. Heywood,&nbsp;Zerong Wang,&nbsp;Guangliang Ye","doi":"10.1111/manc.12399","DOIUrl":"10.1111/manc.12399","url":null,"abstract":"<p>A classic R&amp;D rivalry is compared to R&amp;D cooperation while embedded in a model of endogenous network compatibility. We show that complete incompatibility is more likely to occur with cooperative R&amp;D. Complete incompatibility increases the advantage in R&amp;D and profitability of the incumbent over the entrant. In our initial illustration, cooperation in network industries with endogenous compatibility generates no higher (and often lower) welfare than in non-network industries. In our generalization, cooperation in network industries generates welfare loss for a wider range of R&amp;D spillovers. This suggests that R&amp;D cooperation should receive stricter policy scrutiny in network industries with endogenous compatibility.</p>","PeriodicalId":47546,"journal":{"name":"Manchester School","volume":"90 3","pages":"354-384"},"PeriodicalIF":1.1,"publicationDate":"2022-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85239917","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: 3
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