Economic Inquiry最新文献

{"title":"Linguistic fractionalization, trade, and welfare","authors":"Tamara Gurevich,&nbsp;Peter R. Herman,&nbsp;Farid Toubal,&nbsp;Yoto V. Yotov","doi":"10.1111/ecin.70003","DOIUrl":"https://doi.org/10.1111/ecin.70003","url":null,"abstract":"<p>We examine the implications of linguistic fractionalization on trade and welfare, focusing on the United States. Our model identifies the direct and indirect effects of fractionalization on international and domestic trade and welfare. We construct a novel dataset to show that changes in fractionalization impact trade, leading to significant economic consequences. To highlight the general equilibrium implications, we conduct simulations on language policy-induced changes in the shares and the composition of Hispanic speakers within the United States, showing the importance of considering language policies, as they can yield substantial economic benefits but also sizable economic consequences stretching beyond national borders.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 4","pages":"1201-1231"},"PeriodicalIF":1.3,"publicationDate":"2025-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197059","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}

{"title":"Sentiment shocks, productivity, and long-run growth","authors":"Mehmet Burak Turgut","doi":"10.1111/ecin.70006","DOIUrl":"https://doi.org/10.1111/ecin.70006","url":null,"abstract":"<p>We study the effect of sentiment shocks, changes in confidence unrelated to the fundamentals, on the US economy in the long run. We identify quarterly sentiment shocks using the quarterly averages of monthly sentiment shocks as an instrument in the IV-SVAR framework. We find that output and potential output permanently increase in response to a sentiment shock. The increase in R&amp;D investments is the main transmission channel of sentiment shocks on productivity and long-run economy. The findings imply that the exogenous changes in consumer confidence are not only a measure of expected future productivity growth but also a source of them.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 4","pages":"1090-1109"},"PeriodicalIF":1.3,"publicationDate":"2025-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197001","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}

{"title":"Affirmative action and educational attainment of disadvantaged religious minorities: Evidence from India","authors":"Mitul Surana,&nbsp;Rajnish Rai","doi":"10.1111/ecin.70005","DOIUrl":"https://doi.org/10.1111/ecin.70005","url":null,"abstract":"<p>We examine whether affirmative action incentivizes a disadvantaged religious minority group in India to obtain additional years of education. We study the implementation of quotas in government hiring and university admissions for backward-class Muslims in 2007 in the Indian state of Andhra Pradesh. Using a difference-in-differences approach that uses variation in exposure to the policy by age-cohort and social group, we find that these quotas increase educational attainment of the targeted population. Investigating the effects by gender, we find statistically significant and robust positive effects on the educational attainment of male members of the targeted Muslim groups, but not females.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 4","pages":"1367-1385"},"PeriodicalIF":1.3,"publicationDate":"2025-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196970","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}

{"title":"The effect of the anti-corruption campaign in China: Evidence from housing transactions","authors":"Yongqiang Chu,&nbsp;Weida Kuang,&nbsp;Daxuan Zhao","doi":"10.1111/ecin.70002","DOIUrl":"https://doi.org/10.1111/ecin.70002","url":null,"abstract":"<p>Using price discounts government officials receive when buying new housing units as a measure of corruption in China, we examine the effect of the anti-corruption campaign launched by the Xi Jinping administration in 2012. We find that the discounts decrease sharply after the campaign. On the other hand, we find no effect of the campaign on existing housing sales. Furthermore, officials become less likely to purchase housing units with lucky numbers. Overall, the results suggest that the anti-corruption campaign is effective in curbing corruption.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 4","pages":"1232-1251"},"PeriodicalIF":1.3,"publicationDate":"2025-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196969","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}

{"title":"Schumpeterian growth with variable demand elasticity","authors":"Gilad Sorek","doi":"10.1111/ecin.13302","DOIUrl":"https://doi.org/10.1111/ecin.13302","url":null,"abstract":"<p>Variable Demand Elasticity preferences are introduced into a canonical two-sector R&amp;D model. The departure from the traditional CES specification yields novel growth dynamics: for a sufficiently high population growth rate, a semi-endogenous balanced growth path (“BGP”) of drastic innovation is characterized, along which economic growth is determined by the population growth rate. However, for a sufficiently low population growth rate, the model economy converges to the limit values of demand elasticity and a fully endogenous growth regime of non-drastic innovation. A few stylized facts undermine the empirical relevance of the semi-endogenous BGP with drastic innovation to developed economies.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 4","pages":"1110-1126"},"PeriodicalIF":1.3,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196805","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}

{"title":"Early sparks: Impacts of a STEM bootcamp on young adolescents in Tanzania","authors":"So Yoon Ahn,&nbsp;Youjin Hahn,&nbsp;Semee Yoon","doi":"10.1111/ecin.13300","DOIUrl":"https://doi.org/10.1111/ecin.13300","url":null,"abstract":"<p>We examine the impact of a STEM-focused experiential education program on a range of outcomes, including interest in science, technology, engineering, and mathematics (STEM), self-esteem, career aspirations, gender attitudes, and academic engagement among young adolescents in Tanzania. The intervention resulted in several positive changes, including increased study hours, enhanced self-esteem, and stronger interest in STEM fields. For girls, it also led to less traditional gender attitudes, largely driven by perceived improvements in labor market opportunities. We conduct an exploratory analysis to assess the fadeout of these effects and find that the effects for boys remain generally stable, whereas some effects for girls diminish over time.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 4","pages":"1334-1366"},"PeriodicalIF":1.3,"publicationDate":"2025-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196582","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}

{"title":"The newsroom dilemma","authors":"Ayush Pant,&nbsp;Federico Trombetta","doi":"10.1111/ecin.13296","DOIUrl":"https://doi.org/10.1111/ecin.13296","url":null,"abstract":"<p>Conventional wisdom suggests that competition in the modern digital environment pushes media outlets toward the early release of less accurate information. We show that this is not necessarily the case. Two opposing forces determine the resolution of the speed-accuracy tradeoff: preemption and reputation. Although competition exacerbates preemption concerns, it provides additional information to the audience by allowing them to compare publication times. Hence, more competitive environments may be more conducive to reputation building, which may lead to better reporting. However, we show that the audience may be worse off due to the outlets' better initial information.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 4","pages":"1009-1035"},"PeriodicalIF":1.3,"publicationDate":"2025-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13296","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145196522","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}

{"title":"Age-independent subsidy nudges under self-control problems","authors":"Minwook Kang,&nbsp;Eungsik Kim","doi":"10.1111/ecin.13298","DOIUrl":"https://doi.org/10.1111/ecin.13298","url":null,"abstract":"<p>This paper analyzes paternalistic capital subsidy policies to tackle the undersaving issue among present-biased consumers with varying levels of naivete. We demonstrate that age-independent subsidy policies achieve optimal savings for sophisticated consumers but only secondary outcomes for naive ones. As naivete intensifies, lower capital subsidy rates are required, despite naive consumers' higher undersaving tendencies in the absence of policy interventions. Increasing the capital subsidy rate for naive consumers can correct short-term present bias but distorts long-term savings, as they misinterpret such policy nudges as unnecessary in the future due to ignorance of future present bias.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 4","pages":"1291-1312"},"PeriodicalIF":1.3,"publicationDate":"2025-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145197220","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}

{"title":"Correction to “Inflation targeting, output stabilization, and real indeterminacy in monetary models with an interest rate rule”","authors":"","doi":"10.1111/ecin.13299","DOIUrl":"https://doi.org/10.1111/ecin.13299","url":null,"abstract":"&lt;p&gt;Full citation:&lt;/p&gt;&lt;p&gt;Platonov, K. (2024) Inflation targeting, output stabilization, and real indeterminacy in monetary models with an interest rate rule. &lt;i&gt;Economic Inquiry&lt;/i&gt;, 62(4), 1467–1493. Available from: https://doi.org/10.1111/ecin.13248.&lt;/p&gt;&lt;p&gt;Correction 1:&lt;/p&gt;&lt;p&gt;The exponent on the term &lt;span&gt;&lt;/span&gt;&lt;math&gt;\u0000 &lt;semantics&gt;\u0000 &lt;mrow&gt;\u0000 &lt;mo&gt;(&lt;/mo&gt;\u0000 &lt;mrow&gt;\u0000 &lt;mn&gt;1&lt;/mn&gt;\u0000 &lt;mo&gt;−&lt;/mo&gt;\u0000 &lt;mi&gt;ω&lt;/mi&gt;\u0000 &lt;/mrow&gt;\u0000 &lt;mo&gt;)&lt;/mo&gt;\u0000 &lt;/mrow&gt;\u0000 &lt;annotation&gt; $(1-omega )$&lt;/annotation&gt;\u0000 &lt;/semantics&gt;&lt;/math&gt; should be &lt;span&gt;&lt;/span&gt;&lt;math&gt;\u0000 &lt;semantics&gt;\u0000 &lt;mrow&gt;\u0000 &lt;mfrac&gt;\u0000 &lt;mn&gt;1&lt;/mn&gt;\u0000 &lt;mrow&gt;\u0000 &lt;mi&gt;ν&lt;/mi&gt;\u0000 &lt;mo&gt;−&lt;/mo&gt;\u0000 &lt;mn&gt;1&lt;/mn&gt;\u0000 &lt;/mrow&gt;\u0000 &lt;/mfrac&gt;\u0000 &lt;/mrow&gt;\u0000 &lt;annotation&gt; $frac{1}{nu -1}$&lt;/annotation&gt;\u0000 &lt;/semantics&gt;&lt;/math&gt;. In the published version, the exponent is &lt;span&gt;&lt;/span&gt;&lt;math&gt;\u0000 &lt;semantics&gt;\u0000 &lt;mrow&gt;\u0000 &lt;mi&gt;ν&lt;/mi&gt;\u0000 &lt;mo&gt;−&lt;/mo&gt;\u0000 &lt;mn&gt;1&lt;/mn&gt;\u0000 &lt;/mrow&gt;\u0000 &lt;annotation&gt; $nu -1$&lt;/annotation&gt;\u0000 &lt;/semantics&gt;&lt;/math&gt;. This typo does not alter any results because the exact closed-form expression for &lt;i&gt;z&lt;/i&gt;&lt;sub&gt;&lt;i&gt;t&lt;/i&gt;&lt;/sub&gt; was not used in any derivations.&lt;/p&gt;&lt;p&gt;Correction 2:&lt;/p&gt;&lt;p&gt;In the published version, the multiplier &lt;i&gt;A&lt;/i&gt; is missing. This typo does not alter any results because later it is assumed that &lt;i&gt;A&lt;/i&gt; = 1.&lt;/p&gt;&lt;p&gt;Correction 3:&lt;/p&gt;&lt;p&gt;The exponent on the term &lt;span&gt;&lt;/span&gt;&lt;math&gt;\u0000 &lt;semantics&gt;\u0000 &lt;mrow&gt;\u0000 &lt;mo&gt;(&lt;/mo&gt;\u0000 &lt;mfrac&gt;\u0000 &lt;msub&gt;\u0000 &lt;mi&gt;i&lt;/mi&gt;\u0000 &lt;mi&gt;t&lt;/mi&gt;\u0000 &lt;/msub&gt;\u0000 &lt;mrow&gt;\u0000 &lt;mn&gt;1&lt;/mn&gt;\u0000 &lt;mo&gt;+&lt;/mo&gt;\u0000 &lt;msub&gt;\u0000 &lt;mi&gt;i&lt;/mi&gt;\u0000 &lt;mi&gt;t&lt;/mi&gt;\u0000 &lt;/msub&gt;\u0000 &lt;/mrow&gt;\u0000 &lt;/mfrac&gt;\u0000 &lt;mo&gt;)&lt;/mo&gt;\u0000 &lt;/mrow&gt;\u0000 &lt;annotation&gt; $(frac{{i}_{t}}{1+{i}_{t}})$&lt;/annotation&gt;\u0000 &lt;/semantics&gt;&lt;/math&gt; should be &lt;span&gt;&lt;/span&gt;&lt;math&gt;\u0000 &lt;semantics&gt;\u0000 &lt;mrow&gt;\u0000 &lt;mn&gt;1&lt;/mn&gt;\u0000 &lt;mo&gt;−&lt;/mo&gt;\u0000 &lt;mi&gt;η&lt;/mi&gt;\u0000 &lt;/mrow&gt;\u0000 &lt;annotation&gt; $1-eta $&lt;/annotation&gt;\u0000 &lt;/semantics&gt;&lt;/math&gt;. In the published version, the exponent is &lt;span&gt;&lt;/span&gt;&lt;math&gt;\u0000 ","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 3","pages":"1003-1004"},"PeriodicalIF":1.7,"publicationDate":"2025-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13299","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492997","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}

{"title":"The economic impact of uncertainty about U.S. regulations of the energy sector","authors":"Xiaohan Ma,&nbsp;Zhoudan Xie","doi":"10.1111/ecin.13295","DOIUrl":"https://doi.org/10.1111/ecin.13295","url":null,"abstract":"<p>This paper examines the economic impact of uncertainty surrounding U.S. regulatory policies of the energy sector. We first construct a monthly-frequency measure of regulatory uncertainty related to oil and gas production using natural language processing on over 600,000 U.S. newspaper articles published from 1985 to 2021. We then conduct empirical analysis via structural VAR models with the constructed oil regulatory uncertainty index, oil market variables, and aggregate economic data. The impulse response functions suggest that an increase in oil regulatory uncertainty reduces oil production and drilling activity and negatively affects national and state-level economic outcomes.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 3","pages":"985-1002"},"PeriodicalIF":1.7,"publicationDate":"2025-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492556","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}