发布求助
文献互助 智能选刊 最新文献

Economic Modelling最新文献

筛选
英文 中文
Welfare effects of health insurance reform: The role of elastic medical demand 医疗保险改革的福利效应：弹性医疗需求的作用
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-21 DOI: 10.1016/j.econmod.2024.106908
Reona Hagiwara
{"title":"Welfare effects of health insurance reform: The role of elastic medical demand","authors":"Reona Hagiwara","doi":"10.1016/j.econmod.2024.106908","DOIUrl":"10.1016/j.econmod.2024.106908","url":null,"abstract":"<div><div>Some medical demand is inelastic to price fluctuations, but not all. This paper examines the role of the price elasticity of medical demand on the welfare effects of public health insurance reform. I develop a computational general equilibrium life-cycle model for heterogeneous agents with varying income, wealth, and health that allows for endogenous medical spending. I calibrate the model for the Japanese economy. If medical spending is totally price-inelastic, increasing copayments will improve the welfare of future generations, but harm all current generations, particularly older people with low income or poor health. In contrast, the welfare gain for newborns is significantly greater in the empirically observed situation where medical spending includes some price-elastic components. Moreover, the reform reduces welfare losses for current individuals and may benefit younger generations.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106908"},"PeriodicalIF":4.2,"publicationDate":"2024-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142531055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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 climate-conflict risk in Africa along climate-related scenarios and multiple socio-economic drivers 根据气候相关情景和多种社会经济驱动因素预测非洲的气候冲突风险
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-20 DOI: 10.1016/j.econmod.2024.106911
Caterina Conigliani , Valeria Costantini , Elena Paglialunga , Andrea Tancredi
{"title":"Forecasting the climate-conflict risk in Africa along climate-related scenarios and multiple socio-economic drivers","authors":"Caterina Conigliani ,&nbsp;Valeria Costantini ,&nbsp;Elena Paglialunga ,&nbsp;Andrea Tancredi","doi":"10.1016/j.econmod.2024.106911","DOIUrl":"10.1016/j.econmod.2024.106911","url":null,"abstract":"<div><div>This study investigates how climate change might impact economic development in the future through its effects on violence, addressing the gap in research on long-term conflict risk assessment. Using geocoded data (1°resolution) on climate and socio-economic indicators covering 1990–2050, we employ a forecasting recursive model to examine the probability and intensity of different types of conflict, under various socio-economic and climate scenarios. Our analysis reveals that climate change has both direct and indirect effects on violence, highlighting the key role of the agricultural channel, the spillover across neighbouring areas and the socio-economic context. These findings offer new insights into adaptation strategy and provide implications for the need to jointly account for the complex interactions between climate conditions, socio-economic factors, and conflict dynamics.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106911"},"PeriodicalIF":4.2,"publicationDate":"2024-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142531596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Multiple pricing for personal assistance services 个人助理服务的多种定价
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-19 DOI: 10.1016/j.econmod.2024.106916
Tommy Andersson , Lina Maria Ellegård , Andreea Enache , Albin Erlanson , Prakriti Thami
{"title":"Multiple pricing for personal assistance services","authors":"Tommy Andersson ,&nbsp;Lina Maria Ellegård ,&nbsp;Andreea Enache ,&nbsp;Albin Erlanson ,&nbsp;Prakriti Thami","doi":"10.1016/j.econmod.2024.106916","DOIUrl":"10.1016/j.econmod.2024.106916","url":null,"abstract":"<div><div>Third-party payers often reimburse health care providers based on prospectively set prices. Although a key motivation of prospective payment is to contain costs, this paper shows that this aspect crucially depends on the design of the pricing scheme due to the well-known incentives of patient selection (or “dumping”). This paper provides a general theoretical framework where heterogeneous users are served by either private for-profit or public providers, each paid an hourly compensation by a third-party payer. The private, but not the public providers may select patients. It is demonstrated that this realistic feature of the model implies that total costs depends on the number of prices. The features of the model is illustrated using the Swedish system of personal assistance services as a motivating example. Numerical results show that marginal adjustments to the current uniform pricing scheme would lead to substantial savings.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106916"},"PeriodicalIF":4.2,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142531050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Impact of social drinking culture on the cost of bank loans: Rent-seeking or loan-contracting efficiency 社交饮酒文化对银行贷款成本的影响：寻租效率还是贷款签约效率
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-18 DOI: 10.1016/j.econmod.2024.106912
Jianhua Tan , Zhan Wang , Kam C. Chan
{"title":"Impact of social drinking culture on the cost of bank loans: Rent-seeking or loan-contracting efficiency","authors":"Jianhua Tan ,&nbsp;Zhan Wang ,&nbsp;Kam C. Chan","doi":"10.1016/j.econmod.2024.106912","DOIUrl":"10.1016/j.econmod.2024.106912","url":null,"abstract":"<div><div>This study investigates whether social drinking culture (SDC), as an informal institution, impacts the cost of bank loans to a firm. Studies suggest that SDC influences individual behavior by fostering interpersonal relationships. Few studies have explored the impact of SDC on corporate borrowing. We argue that executives use SDC to obtain bank loans at lower interest rates. However, the mechanism remains unclear. Firms can leverage SDC to engage in rent-seeking from or improve communication with lenders. We tested the hypothesis and the underlying mechanism on a sample of Chinese firms from 2011 to 2020. Results suggest that the SDC lowers bank loan rates for firms and supports the rent-seeking mechanism. Furthermore, firms in strong SDC regions have larger sizes, longer maturities, and more non-collateralized loans but perform poorly in corporate and bank loans. Therefore, strong SDC is used by firms to engage in rent-seeking borrowing, resulting in credit resource misallocation.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106912"},"PeriodicalIF":4.2,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142531049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Unravelling the complex interactions between sentiment of uncertainty and foreign capital flows: Evidence from Brazil and South Korea 揭示不确定性情绪与外国资本流动之间复杂的相互作用：巴西和韩国的证据
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-18 DOI: 10.1016/j.econmod.2024.106913
Brahim Gaies , Mohamed Sahbi Nakhli , Jean-Michel Sahut
{"title":"Unravelling the complex interactions between sentiment of uncertainty and foreign capital flows: Evidence from Brazil and South Korea","authors":"Brahim Gaies ,&nbsp;Mohamed Sahbi Nakhli ,&nbsp;Jean-Michel Sahut","doi":"10.1016/j.econmod.2024.106913","DOIUrl":"10.1016/j.econmod.2024.106913","url":null,"abstract":"<div><div>Brazil and South Korea have both been known to implement capital controls during emerging market crises to address the complexity of foreign capital flows, which affects international investor behaviour. This research studies Brazil and South Korea bond and stock flows and sentiment of economic and political uncertainty (SEPU), a local news-based sentiment indicator, using a novel time-varying technique. Findings show multiple short-term occasions where increased SEPU strangely boosts equity flows, contrary to the assumption that uncertainty discourages equity investment. This paradoxical discovery is linked to a \"behavioural arbitrage strategy\" in which risk-seeking investors employ informational asymmetries to capitalize on increased uncertainty. Foreign investors prefer South Korean over Brazilian bonds due to the former country's stronger policy framework. The second significant finding is that equity inflows increase uncertainty (negative domestic sentiment in media) during acute crises. We conclude that inflation, recession, geopolitical risk, financial instability, and tight monetary policy amplify this feedback loop.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106913"},"PeriodicalIF":4.2,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142531051","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
A new approach for estimating trade elasticities and measuring the productivity effects associated with trade 估算贸易弹性和衡量与贸易相关的生产力效应的新方法
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-18 DOI: 10.1016/j.econmod.2024.106909
André Carrascal-Incera , Luis Orea
{"title":"A new approach for estimating trade elasticities and measuring the productivity effects associated with trade","authors":"André Carrascal-Incera ,&nbsp;Luis Orea","doi":"10.1016/j.econmod.2024.106909","DOIUrl":"10.1016/j.econmod.2024.106909","url":null,"abstract":"<div><div>Although there is an extensive literature on the measurement of total factor productivity (TFP) and its decomposition, the benefits of international trade for aggregate TFP have been less frequently studied. Combining the theoretical trade models and the so-called proxy-variable approach, this paper provides a new method for estimating trade elasticities based on a production model where trade elasticities and technological parameters are estimated simultaneously. Our proposed model is used to analyse the main determinants of the degrees of openness (embeddedness) of countries and sectors. Using data from the World Input-Output Database, we find that the pecuniary productivity gains attributable to embeddedness tend, on average, to offset its effect on sectors' underlying productivity. We also use the model to measure the different factors affecting productivity changes due to the Covid-19 pandemic. We find that the trade-related consequences are important in explaining the contraction in countries’ productions.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106909"},"PeriodicalIF":4.2,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142531053","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows: The case of developed countries 跨国证券投资股票流动的金融、制度和宏观经济决定因素：发达国家的案例
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-17 DOI: 10.1016/j.econmod.2024.106902
António Afonso , José Alves , Krzysztof Beck , Karen Jackson
{"title":"Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows: The case of developed countries","authors":"António Afonso ,&nbsp;José Alves ,&nbsp;Krzysztof Beck ,&nbsp;Karen Jackson","doi":"10.1016/j.econmod.2024.106902","DOIUrl":"10.1016/j.econmod.2024.106902","url":null,"abstract":"<div><div>This paper examines the determinants of financial equity flows to investigate the role played by business cycles, government debt and sovereign rating scores, and whether the impact depends on the magnitude and direction of the flows. Using a new, richer dataset of flows among developed countries over 2001–2018, our key findings are as follows: (i) equity flows are more intense among countries at the same stage of the business cycle (ii) equity flows are higher to countries with a relatively lower debt to GDP ratio (iii) financial and macroeconomic variables are important for big equity flows, while institutional variables are important for the small flows. Overall, considering a wider range of factors under-explored in the literature, we provide a stronger understanding of the development of risks in the financial sector as well as the linkages with other sectors of the economy.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106902"},"PeriodicalIF":4.2,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142531048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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 gender factor in monetary policy: An event-study design 货币政策中的性别因素：事件研究设计
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-16 DOI: 10.1016/j.econmod.2024.106910
Donata Favaro , Anna Giraldo , Adriano Paggiaro
{"title":"The gender factor in monetary policy: An event-study design","authors":"Donata Favaro ,&nbsp;Anna Giraldo ,&nbsp;Adriano Paggiaro","doi":"10.1016/j.econmod.2024.106910","DOIUrl":"10.1016/j.econmod.2024.106910","url":null,"abstract":"<div><div>This article assesses whether central bankers’ monetary policy preferences differ by gender. Based on a monetary policy rule in which the inflation rate is a function of the output gap, we estimated differences in this rule between central banks with female presidents and those with male presidents. Using an original database of 159 countries observed from 1980 to 2018, we adopted an event-study design, which, compared with the related literature, offers a novel approach to evaluate gender differences in inflation changes in the years following a new presidential appointment. A difference-in-differences strategy with propensity score matching showed that men central bank presidents are strongly conservative (hawks) in their monetary policy, at least in the first years after taking office. On the contrary, women central bank presidents are progressive (doves). This implies that women let the inflation rate fluctuate more—in relation to the output gap—than do men.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106910"},"PeriodicalIF":4.2,"publicationDate":"2024-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142531052","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Market segments and pricing of fine wines over their lifecycle 葡萄酒生命周期内的市场细分和定价
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-15 DOI: 10.1016/j.econmod.2024.106915
Philippe Masset
{"title":"Market segments and pricing of fine wines over their lifecycle","authors":"Philippe Masset","doi":"10.1016/j.econmod.2024.106915","DOIUrl":"10.1016/j.econmod.2024.106915","url":null,"abstract":"<div><div>Is the fine wine market segmented? The literature shows that this is the case for ordinary wines, and this has significant implications for hedonic analysis. We apply a finite mixture model to a 20-year dataset of auction prices. Our results reveal the existence of five segments in the fine wine market that differ in both their composition and the effects of scores, age, and market conditions on prices. This segmentation helps reconcile the divergent findings in existing research: some wines are highly sensitive to market conditions and have yielded significant returns (investment wines), while prices of other wines are primarily influenced by age (collectible wines) or quality (drinking wines). Our findings enhance the understanding of fine wine pricing and offer new insights into the age-price relationship, which is generally linear but varies by segment and vintage quality.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106915"},"PeriodicalIF":4.2,"publicationDate":"2024-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142444656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Air pollution, healthcare use, and inequality: Evidence from China 空气污染、医疗保健使用和不平等：来自中国的证据
IF 4.2 2区 经济学
Economic Modelling Pub Date : 2024-10-11 DOI: 10.1016/j.econmod.2024.106905
Bohan Jin , Zheng Li
{"title":"Air pollution, healthcare use, and inequality: Evidence from China","authors":"Bohan Jin ,&nbsp;Zheng Li","doi":"10.1016/j.econmod.2024.106905","DOIUrl":"10.1016/j.econmod.2024.106905","url":null,"abstract":"<div><div>This study provides the first investigation into the causal distributional effects of air pollution on healthcare utilization in China. Studies have addressed the average impact of air pollution in developed countries while overlooking its distributional effects in developing nations where inequality is evident. We obtained data from the China Health and Retirement Longitudinal Study and employed wind direction as an instrumental variable. The findings indicate that air pollution significantly increased inpatient care use among individuals aged 60 and above. Moreover, the study documents significant disparities between and within urban and rural populations. The mechanism analysis indicates that accessibility of healthcare services contributes to inequality. Contributing factors include China's Hukou system, health insurance system, and the distance to hospitals in rural areas. The findings indicate that air pollution intensifies health inequality in the developing world while suggesting that policies to increase healthcare equity could generate significant welfare benefits.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106905"},"PeriodicalIF":4.2,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142441777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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