发布求助
文献互助 智能选刊 最新文献

European Journal of Political Economy最新文献

筛选
英文 中文
What drives abnormal returns of stock markets in wartime? Evidence from 17 invasions 是什么驱动了战时股市的异常回报？来自17次入侵的证据
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2025.102643
Vincent Hoffmann , Luu Duc Toan Huynh , Mei Wang
{"title":"What drives abnormal returns of stock markets in wartime? Evidence from 17 invasions","authors":"Vincent Hoffmann ,&nbsp;Luu Duc Toan Huynh ,&nbsp;Mei Wang","doi":"10.1016/j.ejpoleco.2025.102643","DOIUrl":"10.1016/j.ejpoleco.2025.102643","url":null,"abstract":"<div><div>This study examines the impact of contemporary invasions on stock markets within advanced and emerging economies. By studying various conflicts and their progression into wars, we aim to expose underlying patterns in stock market reactions. First, we conduct an event study to assess the stock market reactions to seventeen modern invasions from 2001 to 2022. We calculate cumulative abnormal returns for the respective stock market and each invasion. Furthermore, we introduce a regression model highlighting differences in stock market reactions between advanced and emerging countries. The regression model contributes to understanding the relationship between cumulative abnormal returns and each country’s geographic and economic characteristics. Invasions generally have a negative impact on stock markets, with emerging markets showing greater sensitivity and more negative reactions to invasions than advanced stock markets. Furthermore, the findings suggest that underlying drivers play a role in explaining abnormal returns during invasions.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102643"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170600","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
How social media can undermine democracy 社交媒体如何破坏民主
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2024.102634
Ronen Gradwohl , Yuval Heller , Arye Hillman
{"title":"How social media can undermine democracy","authors":"Ronen Gradwohl ,&nbsp;Yuval Heller ,&nbsp;Arye Hillman","doi":"10.1016/j.ejpoleco.2024.102634","DOIUrl":"10.1016/j.ejpoleco.2024.102634","url":null,"abstract":"<div><div>We examine the influence a self-interested social-media platform can have on election outcomes. Using the framework of the Condorcet Jury Theorem, we explore the effect of additional information via private messages from the platform, modeled through Bayesian persuasion. We establish conditions under which the platform can sway the majority voting outcome, assuming voters vote sincerely. Additionally, we demonstrate that the information disseminated by the platform can sometimes be biased in the opposite direction of the platform’s interests.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102634"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170591","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
Household expectations and dissent among policymakers 家庭期望和政策制定者的异议
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2024.102638
Moritz Grebe, Peter Tillmann
{"title":"Household expectations and dissent among policymakers","authors":"Moritz Grebe,&nbsp;Peter Tillmann","doi":"10.1016/j.ejpoleco.2024.102638","DOIUrl":"10.1016/j.ejpoleco.2024.102638","url":null,"abstract":"<div><div>This paper studies the impact of dissent in the ECB’s Governing Council on uncertainty surrounding households’ inflation expectations. We conduct a randomized controlled trial using the Bundesbank Online Panel Households. Participants are provided with alternative information treatments concerning the vote in the Council, e.g. unanimity and dissent, and are asked to submit probabilistic inflation expectations. The results show that the vote is informative. Households revise their subjective inflation forecast after receiving information about the vote. Information about unanimity or dissent causes a wider individual distribution of future inflation for those households that were relatively certain before the treatment. For the remaining 60% of households, this information reduces uncertainty. Information about dissent increases uncertainty more than information about a unanimous vote, though the difference is not statistically significant. A unanimous vote unambiguously reduces inflation uncertainty for households with anchored inflation expectations.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102638"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170594","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
Online social media and populism in Europe 欧洲的网络社交媒体和民粹主义
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2024.102619
Mihai Mutascu , Cristina Strango , Camelia Turcu
{"title":"Online social media and populism in Europe","authors":"Mihai Mutascu ,&nbsp;Cristina Strango ,&nbsp;Camelia Turcu","doi":"10.1016/j.ejpoleco.2024.102619","DOIUrl":"10.1016/j.ejpoleco.2024.102619","url":null,"abstract":"<div><div>We investigate the impact of social media (e.g., Facebook, Instagram, Twitter, and LinkedIn) on left-wing and right-wing populist voting patterns within the European Union 27 (EU-27). Our empirical analysis is based on an Ordered Probit model, over 2014–2020. We differentiate between politically oriented communication and general communication, through social media. We find that politically oriented communication on platforms like Facebook and LinkedIn contributes to the electoral success of right-wing parties. In contrast, active engagement of left-wing parties on social media platforms, such as Facebook, Twitter, and LinkedIn appears not to enhance their electoral success. This suggests that right-wing parties effectively leverage platforms like Facebook and LinkedIn to disseminate populist ideologies, while left-wing parties face challenges with their engagement strategies on these platforms.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102619"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143171619","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
The effect of terrorism on economic inequality in democracies and non-democracies 恐怖主义对民主国家和非民主国家经济不平等的影响
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2024.102640
Daniel Meierrieks
{"title":"The effect of terrorism on economic inequality in democracies and non-democracies","authors":"Daniel Meierrieks","doi":"10.1016/j.ejpoleco.2024.102640","DOIUrl":"10.1016/j.ejpoleco.2024.102640","url":null,"abstract":"<div><div>We examine the relationship between terrorism and economic inequality for 163 countries between 1980 and 2018. We provide robust evidence that more terrorist activity results in higher levels of income inequality, where this relationship is especially pronounced for democratic countries. As an extension, we also study the role of terrorism in wealth inequality, uncovering similar linkages. Our findings imply that democracies see lower levels of income inequality in the absence of terrorism but increases in inequality as terrorist activity grows, while inequality in non-democratic countries is not affected by terrorism. Exploring potential transmission channels, we show that terrorism does not have distributional consequence by damaging the economy. Rather, in democracies terrorism leads to lower levels of redistribution via taxation and transfers. This finding is consistent with our theoretical argument that terrorism elicits a policy response in the form of lower levels of redistribution especially from democratic governments due to their dependence on broad electoral support to stay in power.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102640"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170590","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
Fines for unequal societies 对不平等社会的罚款
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2024.102621
Giuseppe Dari-Mattiacci , Giovanni Immordino , Francesco F. Russo
{"title":"Fines for unequal societies","authors":"Giuseppe Dari-Mattiacci ,&nbsp;Giovanni Immordino ,&nbsp;Francesco F. Russo","doi":"10.1016/j.ejpoleco.2024.102621","DOIUrl":"10.1016/j.ejpoleco.2024.102621","url":null,"abstract":"<div><div>One fourth of the 196 countries we surveyed adopts some form of day fines — that is, fines that increase with the wealth of the offender — and does so for moderate, non-monetary violations. We offer a model of optimal deterrence with decreasing marginal utility of wealth and unequal wealth distribution that rationalizes this pattern. We show that uniform fines are optimal when harm from crime is low, non-monetary sanctions when it is high, and day fines in the intermediate region. The introduction of day fines reduces the (optimal) use of non-monetary sanctions and restores deterrence for the rich, as compared to uniform fines. The scope for day fines increases with wealth inequality and decreases with the cost of wealth verification.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102621"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170592","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
Geopolitical Risks, Political Tensions and the European Economy 地缘政治风险、政治紧张局势和欧洲经济
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2025.102644
Jamel Saadaoui, Amélie Barbier-Gauchard, Jan-Egbert Sturm
{"title":"Geopolitical Risks, Political Tensions and the European Economy","authors":"Jamel Saadaoui,&nbsp;Amélie Barbier-Gauchard,&nbsp;Jan-Egbert Sturm","doi":"10.1016/j.ejpoleco.2025.102644","DOIUrl":"10.1016/j.ejpoleco.2025.102644","url":null,"abstract":"","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102644"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170601","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
Climate activism favors pro-environmental consumption 气候行动主义倾向于环保消费
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2025.102642
Marco A. Marini, Samuel Nocito
{"title":"Climate activism favors pro-environmental consumption","authors":"Marco A. Marini,&nbsp;Samuel Nocito","doi":"10.1016/j.ejpoleco.2025.102642","DOIUrl":"10.1016/j.ejpoleco.2025.102642","url":null,"abstract":"<div><div>We investigate whether climate activism favors pro-environmental consumption by examining the impact of Fridays for Future (FFF) protests in Italy on second-hand automobile sales in rally-affected areas. Leveraging data on 10 million automobile transactions occurring before and after FFF mobilizations, we exploit rainfall on the day of the event as an exogenous source of attendance variation. Our findings reveal a reduction in both the total number of cars purchased and their average CO2 emissions, with an uptick in the market share of low-emission vehicles and a corresponding decrease in the market share of high-emission counterparts. We test for two potential mechanisms at work: one mediated by an increase in environmental awareness, the other induced by a rational anticipation of future stricter regulations. Empirical evidence suggests that the latter mechanism is generally more pronounced than the former. However, the first channel seems likely to be at work among individuals aged 18–25, a group that is potentially more involved in the FFF movement.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102642"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170597","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
Third-party interest, resource value, and the likelihood of conflict 第三方利益、资源价值和冲突的可能性
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2025-01-01 DOI: 10.1016/j.ejpoleco.2024.102635
Giacomo Battiston , Matteo Bizzarri , Riccardo Franceschin
{"title":"Third-party interest, resource value, and the likelihood of conflict","authors":"Giacomo Battiston ,&nbsp;Matteo Bizzarri ,&nbsp;Riccardo Franceschin","doi":"10.1016/j.ejpoleco.2024.102635","DOIUrl":"10.1016/j.ejpoleco.2024.102635","url":null,"abstract":"<div><div>Resource wealth induces predation incentives but also conflict-deterring third-party involvement. As a result, the relation between resource value and conflict probability is a priori unclear. This paper studies such relation with a theoretical framework involving a potential aggressor and a powerful third party. First, we show that, if the third party’s incentives to intervene are sufficiently strong, conflict probability is hump-shaped in the resource value. Second, we theoretically establish that resource value increases the third party’s incentive to side with the resource-rich defendant in case of intervention, providing another mechanism for stabilization when the resource value is high. Third, we explain how our theory relates to policy-relevant case studies involving conflict-ridden areas (including inter-state or civil conflicts) and powerful third parties.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"86 ","pages":"Article 102635"},"PeriodicalIF":2.3,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170602","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
Party selectors, voters, and the choice of productive representatives under different types of list proportional representation 在不同类型的名单比例代表制下，政党推选人、选民和生产代表的选择
IF 2.3 3区 经济学
European Journal of Political Economy Pub Date : 2024-11-15 DOI: 10.1016/j.ejpoleco.2024.102618
Thomas Däubler , Lukáš Linek
{"title":"Party selectors, voters, and the choice of productive representatives under different types of list proportional representation","authors":"Thomas Däubler ,&nbsp;Lukáš Linek","doi":"10.1016/j.ejpoleco.2024.102618","DOIUrl":"10.1016/j.ejpoleco.2024.102618","url":null,"abstract":"<div><div>Do party selectors or voters choose more productive politicians? Selectors may promote quality candidates and have an informational advantage over voters, but quality need not be the key criterion for nominations, and voters may be sufficiently informed to correct inferior decisions. We empirically examine whether the type of principal responsible for the selection affects individual parliamentary work (attendance, bills, amendments, questions, speeches). Flexible-list proportional representation systems are both interesting and analytically useful in this context, since seats within parties are first allocated to candidates reaching a certain number of personal votes, while any remaining seats are awarded based on the pre-electoral list rank. This allows us to compare three types of elected candidates: selector-chosen, voter-chosen, and doubly-chosen representatives. Analysing data from the Czech Republic in the period between 2002 and 2021, we find that voters have a stronger preference for candidates with high formal education than selectors. We do not find differences in parliamentary behaviour between selector-chosen and voter-chosen types. The results speak against a potential trade-off between giving voters more influence on within-party seat allocation and the quality of chosen representatives.</div></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":"85 ","pages":"Article 102618"},"PeriodicalIF":2.3,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142701407","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
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