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Economic inequality, culture, and governance quality 经济不平等、文化和治理质量
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-04-11 DOI: 10.1111/joes.12623
Andreas P. Kyriacou
{"title":"Economic inequality, culture, and governance quality","authors":"Andreas P. Kyriacou","doi":"10.1111/joes.12623","DOIUrl":"https://doi.org/10.1111/joes.12623","url":null,"abstract":"We review work that has linked economic inequality and culture to governance quality. We start with contributions that have considered the relationship between inequality and governance from a long‐run perspective. This historical perspective yields a range of insights and helps identify the deep drivers of specific cultural traits that relate to both economic inequality and governance in contemporary societies. We then survey work that has linked inequality and culture to governance in present‐day settings. We identify the complexity of the relationships with causality between any pair of these variables running both ways. These causal patterns, in turn, imply that countries may end up in either a good equilibrium characterized by lower economic inequality, the “right” culture and good governance, or a bad equilibrium described by greater inequality, the “wrong” culture and bad governance. We conclude with a range of policy implications.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140585925","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
Maddison‐style estimates of the evolution of the world economy: A new 2023 update 麦迪逊式的世界经济演变估算:2023 年更新版
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-04-04 DOI: 10.1111/joes.12618
Jutta Bolt, Jan Luiten van Zanden
{"title":"Maddison‐style estimates of the evolution of the world economy: A new 2023 update","authors":"Jutta Bolt, Jan Luiten van Zanden","doi":"10.1111/joes.12618","DOIUrl":"https://doi.org/10.1111/joes.12618","url":null,"abstract":"This paper surveys the literature on historical national accounting, discusses the importance of relative income benchmarks for, in particular, historical income estimates, and presents an update of long run global economic development with a new version of the Maddison Project Database (MPD). As benchmarks are central to methodologies for global income comparisons over time, and therefore vital to MPD, we analyze the consequences and biases of three benchmarks, the 1990 benchmark, the 2011 benchmark and the multiple benchmark method following the recent Penn World Tables (PWT) methodology, for pre‐1940 income estimates. We develop a methodology to determine which benchmark in combination with time series produces the best anchor for the historical income estimates in the MPD. We conclude that the best way forward for the Maddison Project is to stick to the original 1990 benchmark, yet with two important changes. First, we integrate the 2011 benchmark for the post‐1990 period, and second, we fine tune the dataset for the pre‐1940 period by integrating a new historical benchmark for the US/UK comparison in 1909. By integrating more benchmarks, the MPD moves closer to a multiple benchmark approach as developed by the PWT.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140602155","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
Price effects of commodity financialization: Review of the evidence 商品金融化对价格的影响:证据回顾
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-03-27 DOI: 10.1111/joes.12619
M. M. Kupabado, Juergen Kaehler
{"title":"Price effects of commodity financialization: Review of the evidence","authors":"M. M. Kupabado, Juergen Kaehler","doi":"10.1111/joes.12619","DOIUrl":"https://doi.org/10.1111/joes.12619","url":null,"abstract":"Following the 2007/2008 financial crisis, the price effects of commodity financialization have become an important research topic. We review the empirical evidence, focusing on statistical approaches and econometric models, and find that (1) Granger‐causality tests are unable to establish a relationship between commodity futures prices and funds of financial investors, implying a lack of evidence that financialization influences commodity futures prices and (2) studies that use correlation and price spread analysis mostly report evidence of a significant price effect of financialization. Thus, the statistical and econometric approaches adopted by the various studies influence the empirical findings. In addition, data identification may have an impact since economic models and statistical techniques can be sensitive to slight differences in the dataset. Our study of the literature shows that the definition of financialization is open‐ended and ambiguous. A theoretical literature review on financialization could be the logical next step.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140376259","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
Synthesizing explanations behind global gender (in)equality: Identifying the gaps and moving forward with more economic history 综合解释全球性别(不)平等背后的原因:找出差距,用更多的经济史推动发展
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-03-23 DOI: 10.1111/joes.12620
Selin Dilli
{"title":"Synthesizing explanations behind global gender (in)equality: Identifying the gaps and moving forward with more economic history","authors":"Selin Dilli","doi":"10.1111/joes.12620","DOIUrl":"https://doi.org/10.1111/joes.12620","url":null,"abstract":"This article aims to bridge the mainstream social science and the economic history literatures on the drivers of gender equality across contexts. We discuss the explanations in the social science literature on five central dimensions of global gender equality—health, work, education, marriage, and political representation—and survey the economic history literature that studied these explanations in the historical context. We analyze the commonalities and contradictions in the theoretical and methodological approaches of the two strands. The survey then offers an interdisciplinary theoretical framework that can bridge the two strands. By doing so, the review article discusses how incorporating the economic history literature into the social science literature can improve our current understanding of global gender equality in two ways. First, the long durée perspective provides insight into the diversity in the historical turning points in gender equality across world regions over the 20th century. Second, it suggests that the integration of a historical perspective can tackle the difficulties in isolating causal mechanisms and identify why standard economic and institutional conditions have varying impacts on gender equality outcomes across world regions. It also identifies the limitations in the current social science and economic history literatures and provide directions for future research.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140203991","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
The global sanitary revolution in historical perspective 从历史角度看全球卫生革命
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-03-21 DOI: 10.1111/joes.12607
Daniel Gallardo‐Albarrán
{"title":"The global sanitary revolution in historical perspective","authors":"Daniel Gallardo‐Albarrán","doi":"10.1111/joes.12607","DOIUrl":"https://doi.org/10.1111/joes.12607","url":null,"abstract":"This survey sheds light on the causes and consequences of the global sanitary revolution that resulted in the spread of waterworks and sewerage projects since the middle of the 19th century, by drawing on research from the fields of economic history, economics, and history. I begin with a discussion of the construction of these infrastructures during the period ca. 1850–1950 showing that their spread was relatively similar in major urban cities across the globe, while diffusion within and between countries, as well as within cities themselves, was markedly unequal. Second, I review research estimating the mortality impact of access to clean water and sanitation. Following the provision of these services, infant mortality declined between ca. 10 and 30 percent. Lastly, I examine the drivers of the sanitary revolution with a new framework that distinguishes between <jats:italic>proximate</jats:italic> factors (e.g., physical capital) and ultimate factors (e.g., institutions). I argue that the state of knowledge in the literature is insufficient to explain between‐ and within country differences in access to sanitary services and that more attention should be devoted to the interaction of political and economic factors within broader institutional, cultural and biogeographic contexts.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140203999","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
Macroeconomic effects of a declining wage share: A meta‐analysis of the functional income distribution and aggregate demand 工资份额下降的宏观经济影响:对功能性收入分配和总需求的元分析
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-03-09 DOI: 10.1111/joes.12614
Quirin Dammerer, Ludwig List, Miriam Rehm, Matthias Schnetzer
{"title":"Macroeconomic effects of a declining wage share: A meta‐analysis of the functional income distribution and aggregate demand","authors":"Quirin Dammerer, Ludwig List, Miriam Rehm, Matthias Schnetzer","doi":"10.1111/joes.12614","DOIUrl":"https://doi.org/10.1111/joes.12614","url":null,"abstract":"This paper reviews the theoretical and empirical literature on the relationship between the functional distribution of income and aggregate demand, which investigates whether declining wage shares increase (“profit‐led”) or decrease (“wage‐led”) demand. It conducts a meta‐regression analysis of 33 studies with 578 estimates for total and domestic demand, covering up to 163 years and 59 countries and regions. Our results suggest that, on average and across all countries, total demand is predominantly profit‐led and domestic demand mainly wage‐led. The effects in the literature range between 0.8 and −0.3 within one standard deviation for domestic demand and between 0.4 and −0.7 for total demand, which are economically significant at the outer bounds. We find mixed evidence for publication selectivity, which may affect the size but not the direction of the results in the literature. If one was to nonetheless correct for this, then total demand would be less profit‐led or statistically insignificant. A set of moderator variables, including publication characteristics, estimation strategies, the covariates included in the studies’ estimation functions, and, in particular, controls for time and space, help explain the variation in the empirical estimates.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140075864","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
Sustainable innovations, knowledge and the role of proximity: A systematic literature review 可持续创新、知识和邻近性的作用:系统文献综述
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-03-08 DOI: 10.1111/joes.12617
Ulrich Wilke, Andreas Pyka
{"title":"Sustainable innovations, knowledge and the role of proximity: A systematic literature review","authors":"Ulrich Wilke, Andreas Pyka","doi":"10.1111/joes.12617","DOIUrl":"https://doi.org/10.1111/joes.12617","url":null,"abstract":"Innovations can substantially contribute to the transformation toward sustainability if they induce a positive social and/or environmental impact. Such sustainable innovations differ considerably from conventional, purely economic innovations. The main difference stems from the different knowledge bases necessary for the development of these innovations. These knowledge bases are widely dispersed across different actors from business, academia, government, and civil society. Following the innovation system approach, we look at actor constellations, linkages between actors, and knowledge flows within networks that generate sustainable innovations. For this purpose, we conduct a systematic literature review, focusing on the concept of proximity and its five dimensions (geographical, cognitive, institutional, organizational, and social proximity). The results show that all proximity dimensions, as well as the interdependencies between them, are relevant for analyzing knowledge flows leading to sustainable innovations. The interplay of the different proximity dimensions can be described via two mechanisms, one being reinforcement and the other one being either substitution or overlap. We conclude that for the occurrence of radical, systemic innovations, which have the potential of altering the prevailing socio-economic paradigm toward greater sustainability, a combination of low cognitive and low (micro-) institutional proximity combined with high organizational, social, or geographical proximity, appears particularly conducive.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140075803","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
Inequality in history: A long‐run view 历史上的不平等长期观点
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-03-05 DOI: 10.1111/joes.12616
Guido Alfani
{"title":"Inequality in history: A long‐run view","authors":"Guido Alfani","doi":"10.1111/joes.12616","DOIUrl":"https://doi.org/10.1111/joes.12616","url":null,"abstract":"This article provides an overview of long‐term trends in income and wealth inequality, from ca. 1300 until today. It discusses recent acquisitions in terms of inequality measurement, building upon earlier research and systematically connecting preindustrial, industrial, and post‐industrial tendencies. It shows that in the last seven centuries or so, inequality of both income and wealth has tended to grow continuously, with two exceptions: the century or so following the Black Death pandemic of 1347–52, and the period from the beginning of World War I until the mid‐1970s. It discusses recent encompassing hypotheses about the factors leading to long‐run inequality change, highlighting their relative merits and faults, and arguing for the need to pay close attention to the historical context.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140047422","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
Productivity measurement: Reassessing the production function from micro to macro 生产力测量:从微观到宏观重新评估生产函数
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-03-05 DOI: 10.1111/joes.12615
Josh Martin, Rebecca Riley
{"title":"Productivity measurement: Reassessing the production function from micro to macro","authors":"Josh Martin, Rebecca Riley","doi":"10.1111/joes.12615","DOIUrl":"https://doi.org/10.1111/joes.12615","url":null,"abstract":"The productivity growth slowdown in advanced economies during the early decades of the 21<jats:sup>st</jats:sup> century has led to renewed interest in economic measurement. Measured productivity growth has largely evaporated, yet in many ways, the average person is better off than at any time in history and technological advance is ever evident. Are we simply, or at least in part, mismeasuring productivity change? More fundamentally, are we measuring an outdated or otherwise less relevant economic concept? What should and can we measure in the interest of developing evidence‐based policy solutions to support productivity growth? This paper reviews some of the recent advances in economic measurement and points to an expanded productivity measurement research agenda arising from these questions.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140047893","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
Law & Economics at sixty: Mapping the field with bibliometric and machine learning tools 法律与经济学六十岁:利用文献计量学和机器学习工具绘制该领域的地图
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2024-02-23 DOI: 10.1111/joes.12613
Elena Kantorowicz‐Reznichenko, Jaroslaw Kantorowicz
{"title":"Law & Economics at sixty: Mapping the field with bibliometric and machine learning tools","authors":"Elena Kantorowicz‐Reznichenko, Jaroslaw Kantorowicz","doi":"10.1111/joes.12613","DOIUrl":"https://doi.org/10.1111/joes.12613","url":null,"abstract":"As the year 2020 marks the 60th anniversary of the landmark paper in the Law &amp; Economics (L&amp;E) field by Ronald Coase—The Problem of Social Cost—we provide a systematic bibliometric analysis of the development of this field over the years. We look at the output and input side of knowledge production in the field of L&amp;E. The former consists of the volume of production and thematic coverage of the field. The latter—input—looks at the producers of knowledge, the institutional and country affiliations of authors, and the intellectual structure of the field. Thus, the “who”, the “where” knowledge is produced as is also that of on “whose” shoulders the field stands. We demonstrate that Law &amp; Economics shifted from more theory driven work to empirical and evidence‐based contributions. Likewise, we show that the Law &amp; Economics field tends to be dominated by authors affiliated with economics departments, and crucially; however, more impactful research seems to be produced by inter‐disciplinary cooperation. The L&amp;E field further resembles the economics domain in terms of co‐authorship patterns, number of citations and lengths of papers. Finally, we look at diversity in the field of L&amp;E and show, for instance, that the share of female scholars has been steadily growing for the last two decades.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139954152","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
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