Economica最新文献_第3页

More dads at home, more girls in maths-intensive studies? Evidence from a parental leave reform 更多父亲在家，更多女孩学习数学？育儿假改革的证据

IF 1.6 3区经济学

Economica Pub Date : 2024-07-10 DOI: 10.1111/ecca.12547

Sara Mikkelsen, Noemi Peter

引用次数: 0

Recent trends in firm-level total factor productivity in the UK: new measures, new puzzles 英国企业级全要素生产率的最新趋势：新措施、新困惑

IF 1.6 3区经济学

Economica Pub Date : 2024-07-01 DOI: 10.1111/ecca.12541

Diane Coyle, John McHale, Ioannis Bournakis, Jen-Chung Mei

{"title":"Recent trends in firm-level total factor productivity in the UK: new measures, new puzzles","authors":"Diane Coyle, John McHale, Ioannis Bournakis, Jen-Chung Mei","doi":"10.1111/ecca.12541","DOIUrl":"10.1111/ecca.12541","url":null,"abstract":"Understanding the poor productivity performance of the UK economy since the financial crisis is complicated by the well-known challenges in estimating total factor productivity (TFP) using only revenue data. We develop a structural framework to infer quality-adjusted TFP from an estimated firm-level revenue function. We use microdata for two sectors previously identified as being significant contributors to the UK's productivity growth slowdown—manufacturing and ICT—from 2008 to 2019. The revenue function is estimated using the Blundell–Bond System GMM estimator. We also use an alternative cost-shares approach to identifying and measuring TFP. For both methods, we find an overall fall in TFP levels in manufacturing and a rise in ICT. We find a striking decline of between 13% and 18% in the level of within-firm manufacturing TFP, and of between 11% and 16% in ICT, although with reallocation effects differing between the two sectors. The finding of declining within-firm TFP is robust, although the magnitude varies between methods. We discuss a possible explanation for this extended UK productivity puzzle based on the relative underperformance of UK firms in international markets.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 364","pages":"1320-1348"},"PeriodicalIF":1.6,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12541","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141510313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Did COVID-19 induce a reallocation wave? COVID-19 是否引发了重新分配浪潮？

IF 1.6 3区经济学

Economica Pub Date : 2024-06-24 DOI: 10.1111/ecca.12538

Agostino Consolo, Filippos Petroulakis

{"title":"Did COVID-19 induce a reallocation wave?","authors":"Agostino Consolo, Filippos Petroulakis","doi":"10.1111/ecca.12538","DOIUrl":"10.1111/ecca.12538","url":null,"abstract":"We critically examine the hypothesis that COVID-19 has ushered in a large reallocation shock in the USA, beyond typical business cycle patterns. We take a broad perspective, and first consider data from the CPS and JOLTS; there is no noticeable uptick in occupation or sector switches, either at the aggregate level or in the cross-section. The dispersion of sectoral growth rates over the three years before the pandemic was similar to the previous period. The recovery from the initial shock was characterized by very high quits and low layoffs, patterns indicative of a strong labour market, not excessively high reallocation relative to previous business cycles. High growth of small employers in the recovery, and larger ones once the labour market tightened, is also a common cyclical pattern. We then examine whether mismatch unemployment rose as a result of the pandemic; using an off-the-shelf multisector search and matching model, there is little evidence for an important role for mismatch in driving the unemployment rate during the pandemic. Finally, we employ a novel Bayesian Structural Vector Autoregression framework with sign restrictions to identify a reallocation shock; we find that it has played a relatively minor role in explaining labour market patterns in the pandemic, at least relative to earlier episodes.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 364","pages":"1349-1390"},"PeriodicalIF":1.6,"publicationDate":"2024-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141510276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Endogenous monitoring through voluntary reporting in an infinitely repeated prisoner's dilemma game: experimental evidence 在无限重复的囚徒困境博弈中通过自愿报告进行内生监督：实验证据

IF 1.6 3区经济学

Economica Pub Date : 2024-06-19 DOI: 10.1111/ecca.12539

Kenju Kamei, Artem Nesterov

{"title":"Endogenous monitoring through voluntary reporting in an infinitely repeated prisoner's dilemma game: experimental evidence","authors":"Kenju Kamei, Artem Nesterov","doi":"10.1111/ecca.12539","DOIUrl":"https://doi.org/10.1111/ecca.12539","url":null,"abstract":"Exogenous reputational information is known to improve cooperation. This study experimentally investigates how people create such information by reporting their partner's action choices, and whether endogenous monitoring helps to sustain cooperation, in an indefinitely repeated prisoner's dilemma game with random matching. The experimental results show that most subjects report their opponents' action choices, thereby successfully cooperating when reporting does not involve costs. However, when reporting is costly, participants are strongly discouraged from doing so. Consequently, they fail to achieve strong cooperative norms when the reported information is conveyed privately only to their next-round interaction partners. Costly reporting occurs only occasionally even when there is a public record whereby all future partners can check the reported information, but significantly more frequently relative to the condition in which it is sent to the next partner only. With public records, groups can foster cooperative norms aided by reported information that gradually accumulates and becomes more informative over time.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 364","pages":"1553-1577"},"PeriodicalIF":1.6,"publicationDate":"2024-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12539","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142137656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

The regional economics of mineral resource wealth in Africa 非洲矿产资源财富的区域经济学

IF 1.6 3区经济学

Economica Pub Date : 2024-06-19 DOI: 10.1111/ecca.12540

Zareh Asatryan, Thushyanthan Baskaran, Carlo Birkholz, Patrick Hufschmidt

引用次数: 0

Corporate culture as a theory of the firm 作为企业理论的企业文化

IF 1.6 3区经济学

Economica Pub Date : 2024-06-07 DOI: 10.1111/ecca.12537

Gary B. Gorton, Alexander K. Zentefis

引用次数: 0

Extending the formal state: the case of Pakistan's Frontier Crimes Regulation 扩展正规国家：巴基斯坦《边境犯罪条例》案例

IF 1.4 3区经济学

Economica Pub Date : 2024-05-28 DOI: 10.1111/ecca.12527

Michael Callen, Saad Gulzar, Arman Rezaee, Jacob N. Shapiro

{"title":"Extending the formal state: the case of Pakistan's Frontier Crimes Regulation","authors":"Michael Callen, Saad Gulzar, Arman Rezaee, Jacob N. Shapiro","doi":"10.1111/ecca.12527","DOIUrl":"10.1111/ecca.12527","url":null,"abstract":"Why do modern states allow parts of their territory to be governed by non-state actors? We study this question using the Frontier Crimes Regulation (FCR) in Pakistan, a British Colonial law abrogated only in 2018, which left governance to pre-colonial tribal councils in large parts of modern day Pakistan. In areas where the FCR did not apply, the British and then Pakistani state built modern political and bureaucratic institutions. Using primary legal documents, we build a dataset of when and where the FCR applied between 1901 and 2012. The territorial extent of the formal state is both cleanly demarcated by this law and varies substantially over time, permitting an empirical examination of the determinants of state control. The data reveal that the Green Revolution's potential to transform agriculture played a major role in extending the formal state. The law was repealed first from areas where agricultural productivity benefited the most from the Green Revolution. This is consistent with a model in which technological changes that shift the returns to control influence where states choose to govern.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 363","pages":"701-718"},"PeriodicalIF":1.4,"publicationDate":"2024-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12527","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141196503","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Pandemic distress and anti-immigration sentiments 大流行病的困扰和反移民情绪

IF 1.4 3区经济学

Economica Pub Date : 2024-05-28 DOI: 10.1111/ecca.12536

Gianmarco Daniele, Andrea F. M. Martinangeli, Francesco Passarelli, Willem Sas, Lisa Windsteiger

引用次数: 0

Fading choice: transport costs and variety in consumer goods 逐渐消失的选择：消费品的运输成本和种类

IF 1.4 3区经济学

Economica Pub Date : 2024-05-26 DOI: 10.1111/ecca.12535

Jan Willem Gunning, Pramila Krishnan, Andualem T. Mengistu

{"title":"Fading choice: transport costs and variety in consumer goods","authors":"Jan Willem Gunning, Pramila Krishnan, Andualem T. Mengistu","doi":"10.1111/ecca.12535","DOIUrl":"10.1111/ecca.12535","url":null,"abstract":"We examine the spatial variation in variety of manufactured consumer goods to study how choice fades across space. We use data on 132 consumer goods and over 800 brands available from a purpose-designed survey of fixed shops and periodic market stalls in towns and villages in Ethiopia. We find that local consumer choice fades, with fewer varieties in remoter villages. On average, these villages have approximately half the number of available items compared to their nearest market town. A fall in travel time of a half-hour is associated with 4 extra goods and 9 brands. Variety also increases with inequality and market size. Furthermore, we estimate a model of heterogeneous consumers with a preference for variety and monopolistically competitive traders to disentangle the role of transport costs from the taste for variety, and to assess the consequences for prices. Our model estimates suggest that local consumer prices contain a markup of 8% above source town prices and transport costs. We demonstrate the significant costs to consumers from both low variety and high trade costs. Ignoring such costs means that poverty is underestimated in remote places. In turn, when infrastructure investments raise variety, the likely fall in poverty will be underestimated too.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 363","pages":"1100-1123"},"PeriodicalIF":1.4,"publicationDate":"2024-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12535","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141196575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Forecasting the UK top 1% income share in a shifting world 预测不断变化的世界中英国收入最高的 1% 所占份额

IF 1.4 3区经济学

Economica Pub Date : 2024-05-23 DOI: 10.1111/ecca.12533

Jennifer L. Castle, Jurgen A. Doornik, David F. Hendry

{"title":"Forecasting the UK top 1% income share in a shifting world","authors":"Jennifer L. Castle, Jurgen A. Doornik, David F. Hendry","doi":"10.1111/ecca.12533","DOIUrl":"10.1111/ecca.12533","url":null,"abstract":"UK top income shares have varied hugely over the past two centuries, ranging from more than 30% to less than 7% of pre-tax national income allocated to the top 1 percentile. We build a congruent dynamic linear regression model of the top 1% income share allowing for economic, political and social factors. Saturation estimation is used to model outliers and trend breaks, proxying underlying structural changes driving income inequality in the UK. We use the model to forecast the top 1% income share over the last 15 years, and compare to a range of forecast devices. Despite a well-specified constant parameter model conditioning on significant explanatory variables, the best performing forecasts are obtained from a random walk and a smoothed random walk. These results are explained by the presence of shifts in the income share over the forecast period, resulting in forecasts from equilibrium correction models converging to the wrong equilibrium. Our best prediction for 2026 based on the most recent data from 2021 (a 5-year ahead projection) is that the pre-tax top 1% income share will remain at the most recent realized value of 12.7%, but there is a large degree of uncertainty, with a 95% confidence band ranging from 10% to 15.7%.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 363","pages":"1047-1074"},"PeriodicalIF":1.4,"publicationDate":"2024-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12533","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141106330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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