{"title":"A way to evaluate regional-based conformity of FDI attraction: In the case of Daegu and Gyeongbuk","authors":"Eunji Jung, Seok-Joon Hwang","doi":"10.30776/jes.42.1.2","DOIUrl":"https://doi.org/10.30776/jes.42.1.2","url":null,"abstract":"","PeriodicalId":506715,"journal":{"name":"Journal of Economic Studies","volume":"2007 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140416288","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Beyond numbers: rethinking host professionalism on Airbnb","authors":"Veronica Leoni, Pierpaolo Pattitoni, Laura Vici","doi":"10.1108/jes-09-2023-0512","DOIUrl":"https://doi.org/10.1108/jes-09-2023-0512","url":null,"abstract":"PurposeWe challenge the conventional approach to distinguish between professional and non-professional Airbnb hosts by solely using the number of managed listings.Design/methodology/approachWe leverage the recently released platform policy that categorizes hosts' professionalism by their self-declared status. Our multinomial modeling approach predicts true host status, factoring in the number of managed listings and controlling for listing and host traits. We employ data from five major European cities collected through scraping the Airbnb webpage.FindingsOur research reveals that relying solely on the number of listings managed falls short of accurately predicting the host type, leading to difficulties in evaluating the platform's impact on the local housing market and reducing the effectiveness of policy intervention. Moreover, we advocate using more fine-grained measures to differentiate further between semi-professional and professional hosts who exhibit heterogeneous economic behaviors.Research limitations/implicationsReliable professionalism metrics are essential to curb unethical practices, promote market transparency and ensure a level playing field for all market participants.Originality/valueThis work pioneers the revelation of the inadequacy of a commonly used measure for predicting host professionalism accurately.","PeriodicalId":506715,"journal":{"name":"Journal of Economic Studies","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790914","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Beyond numbers: rethinking host professionalism on Airbnb","authors":"Veronica Leoni, Pierpaolo Pattitoni, Laura Vici","doi":"10.1108/jes-09-2023-0512","DOIUrl":"https://doi.org/10.1108/jes-09-2023-0512","url":null,"abstract":"PurposeWe challenge the conventional approach to distinguish between professional and non-professional Airbnb hosts by solely using the number of managed listings.Design/methodology/approachWe leverage the recently released platform policy that categorizes hosts' professionalism by their self-declared status. Our multinomial modeling approach predicts true host status, factoring in the number of managed listings and controlling for listing and host traits. We employ data from five major European cities collected through scraping the Airbnb webpage.FindingsOur research reveals that relying solely on the number of listings managed falls short of accurately predicting the host type, leading to difficulties in evaluating the platform's impact on the local housing market and reducing the effectiveness of policy intervention. Moreover, we advocate using more fine-grained measures to differentiate further between semi-professional and professional hosts who exhibit heterogeneous economic behaviors.Research limitations/implicationsReliable professionalism metrics are essential to curb unethical practices, promote market transparency and ensure a level playing field for all market participants.Originality/valueThis work pioneers the revelation of the inadequacy of a commonly used measure for predicting host professionalism accurately.","PeriodicalId":506715,"journal":{"name":"Journal of Economic Studies","volume":"64 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139850677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of the US stock market on the BRICS and G7: a GVAR approach","authors":"L. Attílio, Joao Ricardo Faria, Mauricio Prado","doi":"10.1108/jes-08-2023-0437","DOIUrl":"https://doi.org/10.1108/jes-08-2023-0437","url":null,"abstract":"PurposeThe authors investigate the impact of the US stock market on the economies of the BRICS and major industrialized economies (G7).Design/methodology/approachThe authors construct the world economy and the vulnerability between economies using three economic integration variables: bilateral trade, bilateral direct investment and bilateral equity positions. Global vector autoregressive (GVAR) empirical studies usually adopt trade integration to estimate models. The authors complement these studies by using bilateral financial flows.FindingsThe authors summarize the results in four points: (1) financial integration variables increase the effect of the US stock market on the BRICS and G7, (2) the US shock produces similar responses in these groups regarding industrial production, stock markets and confidence but different responses regarding domestic currencies: in the BRICS, the authors detect appreciation of the currencies, while in the G7, the authors find depreciation, (3) G7 stock markets and policy rates are more sensitive to the US shock than the BRICS and (4) the estimates point out to heterogeneities such as the importance of industrial production to the transmission shock in Japan and China, the exchange rate to India, Japan and the UK, the interest rates to the Eurozone and the UK and confidence to Brazil, South Africa and Canada.Research limitations/implicationsThe results reinforce the importance of taking into account different levels of economic development.Originality/valueThe authors construct the world economy and the vulnerability between economies using three economic integration variables: bilateral trade, bilateral direct investment and bilateral equity positions. GVAR empirical studies usually adopt trade integration to estimate models. The authors complement these studies by using bilateral financial flows.","PeriodicalId":506715,"journal":{"name":"Journal of Economic Studies","volume":"78 1-4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139855554","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of the US stock market on the BRICS and G7: a GVAR approach","authors":"L. Attílio, Joao Ricardo Faria, Mauricio Prado","doi":"10.1108/jes-08-2023-0437","DOIUrl":"https://doi.org/10.1108/jes-08-2023-0437","url":null,"abstract":"PurposeThe authors investigate the impact of the US stock market on the economies of the BRICS and major industrialized economies (G7).Design/methodology/approachThe authors construct the world economy and the vulnerability between economies using three economic integration variables: bilateral trade, bilateral direct investment and bilateral equity positions. Global vector autoregressive (GVAR) empirical studies usually adopt trade integration to estimate models. The authors complement these studies by using bilateral financial flows.FindingsThe authors summarize the results in four points: (1) financial integration variables increase the effect of the US stock market on the BRICS and G7, (2) the US shock produces similar responses in these groups regarding industrial production, stock markets and confidence but different responses regarding domestic currencies: in the BRICS, the authors detect appreciation of the currencies, while in the G7, the authors find depreciation, (3) G7 stock markets and policy rates are more sensitive to the US shock than the BRICS and (4) the estimates point out to heterogeneities such as the importance of industrial production to the transmission shock in Japan and China, the exchange rate to India, Japan and the UK, the interest rates to the Eurozone and the UK and confidence to Brazil, South Africa and Canada.Research limitations/implicationsThe results reinforce the importance of taking into account different levels of economic development.Originality/valueThe authors construct the world economy and the vulnerability between economies using three economic integration variables: bilateral trade, bilateral direct investment and bilateral equity positions. GVAR empirical studies usually adopt trade integration to estimate models. The authors complement these studies by using bilateral financial flows.","PeriodicalId":506715,"journal":{"name":"Journal of Economic Studies","volume":"26 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139795844","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}