Economic Systems最新文献_第2页

Environmental regulation and firms' product mix: The role of firms' product-specific capabilities 环境规制与企业产品组合：企业特定产品能力的作用

IF 2.8 2区经济学

Economic Systems Pub Date : 2025-06-01 DOI: 10.1016/j.ecosys.2024.101273

Shengjun Zhu , Yi Zhou , Xianjuan Chen

引用次数: 0

Do environmental taxes corrupt governments? 环境税会使政府腐败吗？

IF 2.8 2区经济学

Economic Systems Pub Date : 2025-06-01 DOI: 10.1016/j.ecosys.2024.101268

Canh Phuc Nguyen , Nadia Doytch , Binh Quang Nguyen , Duyen Thuy Le Tran

{"title":"Do environmental taxes corrupt governments?","authors":"Canh Phuc Nguyen , Nadia Doytch , Binh Quang Nguyen , Duyen Thuy Le Tran","doi":"10.1016/j.ecosys.2024.101268","DOIUrl":"10.1016/j.ecosys.2024.101268","url":null,"abstract":"<div><div>In this study, we examine the effects of four environmental taxes (taxes on carbon, energy, resources, and transport) on two indices of anti-corruption (the Control of Corruption Index [CC] and the Corruption Perceptions Index [CPI]) and a third index, the Political Corruption Index (PCI), shedding light on the question whether the implementation of environmental taxes leads to more government corruption. Our hypothesis is that firms that are affected by environmental taxes may compensate for or evade the loss of revenue through some corrupt practices and behaviors. We conduct a rich empirical analysis for a global sample of 111 countries and two subsamples (45 high-income countries and 66 low- and middle-income countries) from 2002 to 2020. Most environmental taxes have significant positive effects on CC and CPI, while they have negative effects on PCI, implying that environmental taxes appear to increase anti-corruption indices. We also discuss the possible channels for the effects of environmental taxes on corruption: general government expenditure, and taxes on income, profits, and capital gains. Accordingly, we uncover a plethora of interesting findings that are robust to multiple secondary tests.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 2","pages":"Article 101268"},"PeriodicalIF":2.8,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144178158","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

Regional (economic) integration, political stability uncertainty and (intra-African) exports 区域（经济）一体化、政治稳定的不确定性和（非洲内部）出口

IF 2.8 2区经济学

Economic Systems Pub Date : 2025-06-01 DOI: 10.1016/j.ecosys.2024.101266

Essotanam Mamba , Kwami Ossadzifo Wonyra , Kodjo Evlo

{"title":"Regional (economic) integration, political stability uncertainty and (intra-African) exports","authors":"Essotanam Mamba , Kwami Ossadzifo Wonyra , Kodjo Evlo","doi":"10.1016/j.ecosys.2024.101266","DOIUrl":"10.1016/j.ecosys.2024.101266","url":null,"abstract":"<div><div>The economic literature reports ambiguous effects of regional economic integration (REI) and political stability on exports. Therefore, this research analyzes the effects of REI and political stability on intra-African exports, compares them to the effects on intra-African imports and explores the combined effect of REI and political stability on intra-African exports. We use the two-stage least squares and fixed-effects approach which includes the two-step feasible generalized method of moments (GMM) estimation to address endogeneity issues in a panel of 49 African countries over the period of 1996–2022. The results show that REI and political stability lead to an increase in intra-African exports. However, while REI results in an increase in intra-African imports, political stability results in a decrease; similar findings are highlighted for overall intra-African trade as well as for total exports of goods and services. The results remain robust across diverse estimation techniques. Furthermore, they reveal that political stability plays a role in amplifying the relationship between REI and intra-African exports. Supporting the African Continental Free Trade Area agenda, these findings imply that African policymakers need to <em>(i)</em> strengthen REI to increase intra-African trade and (<em>ii</em>) improve political stability to ensure that a greater part of REI is canalized in a more effective way in order to boost intra-African exports.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 2","pages":"Article 101266"},"PeriodicalIF":2.8,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142264100","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 determinants of financial development: Evidence from Bayesian model averaging 金融发展的决定因素：来自贝叶斯模型平均的证据

IF 2.8 2区经济学

Economic Systems Pub Date : 2025-06-01 DOI: 10.1016/j.ecosys.2024.101274

Roman Horvath , Eva Horvatova , Maria Siranova

引用次数: 0

Effects of trilemma policies patterns on monetary policy credibility 三难困境政策模式对货币政策可信度的影响

IF 2.8 2区经济学

Economic Systems Pub Date : 2025-06-01 DOI: 10.1016/j.ecosys.2024.101271

Gabriel Caldas Montes , João Dantas

{"title":"Effects of trilemma policies patterns on monetary policy credibility","authors":"Gabriel Caldas Montes , João Dantas","doi":"10.1016/j.ecosys.2024.101271","DOIUrl":"10.1016/j.ecosys.2024.101271","url":null,"abstract":"<div><div>The open economy trilemma refers to the impossibility of a country fully and simultaneously achieving three political objectives: monetary policy independence, exchange rate stability and financial openness. However, corner configurations related to the three policies of the trilemma are increasingly rare. In fact, countries tend to choose a policy combination composed of partial financial integration, managed exchange rate flexibility and partial monetary independence. Given the possibility of intermediate choices, there exists an index able to measure the relative divergence (or convergence) regarding the policy choices of the trilemma. The index identifies whether countries are adopting similar (or divergent) policy mixes in relation to the trilemma policy options. However, the consequences of adopting a more (or less) convergent policy arrangement on monetary policy credibility are unknown. Hence, this study investigates the effects of trilemma policies convergence patterns on monetary policy credibility. The idea is to verify whether a more convergent arrangement of policies related to the trilemma in open economies helps build monetary policy credibility. Our database is formed by 94 (developed and developing) countries with different characteristics. Thus, we run estimates based on a family of Tobit models for different sub-samples of countries, and also considering different periods – before and after the Global Financial Crisis. The study brings important practical implications. In general, the findings show that a convergent strategy increases credibility. The estimates corroborate the idea that countries adopting divergent policies from the global standard tend to be more exposed to economic instability and, as a result, have difficulties in anchoring inflation expectations.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 2","pages":"Article 101271"},"PeriodicalIF":2.8,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144178164","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

Local administrations and the procurement of performance. Evidence from English local authorities 地方行政部门和绩效采购。来自英国地方当局的证据

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-05-13 DOI: 10.1016/j.ecosys.2025.101312

Antonella Biscione , Annunziata de Felice , Francesco Porcelli

{"title":"Local administrations and the procurement of performance. Evidence from English local authorities","authors":"Antonella Biscione , Annunziata de Felice , Francesco Porcelli","doi":"10.1016/j.ecosys.2025.101312","DOIUrl":"10.1016/j.ecosys.2025.101312","url":null,"abstract":"<div><div>This paper theoretically and empirically examines two key aspects of local government performance: (i) the relationship between performance assessment systems and the efficiency of local authorities in delivering public services, and (ii) whether inefficient local authorities can improve their assessment scores by raising more tax revenues thanks to a better local socioeconomic conditions. We address these issues using the Comprehensive Performance Assessment (CPA) program implemented in England (2002–2008) as a case study. We provide insights into the design of performance evaluation frameworks in an era of increasing data transparency. Our two-step approach involves estimating an efficiency index using non-parametric Data Envelopment Analysis (DEA) and analyzing the relationship between technical efficiency and CPA scores through raw correlation analysis and a random-effects ordered probit model. We find that CPA scores are only moderately correlated with efficiency. Additionally, we provide evidence, in line with the theoretical framework, that inefficient councils can improve their CPA scores by increasing property tax rates. However, this strategy proves effective only under favorable local conditions. These findings offer valuable guidance for policymakers and local authorities in navigating the trade-offs between fiscal strategy and performance outcomes.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 3","pages":"Article 101312"},"PeriodicalIF":3.3,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144916396","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

Formalization, productivity, and hidden costs: Evidence from Vietnam 正规化、生产力和隐性成本：来自越南的证据

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-04-25 DOI: 10.1016/j.ecosys.2025.101311

Le Phan , Hai Thanh Nguyen

引用次数: 0

Inflation dynamics: Profits, wages and import prices 通货膨胀动态：利润、工资和进口价格

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-04-21 DOI: 10.1016/j.ecosys.2025.101310

Ensar Yılmaz, Necip Bulut

{"title":"Inflation dynamics: Profits, wages and import prices","authors":"Ensar Yılmaz, Necip Bulut","doi":"10.1016/j.ecosys.2025.101310","DOIUrl":"10.1016/j.ecosys.2025.101310","url":null,"abstract":"<div><div>This study adds to the ongoing debate over the rise in inflation<span><span><span> in Türkiye during the 2021–2023 period, by identifying its root causes, distributive consequences, and the mechanisms through which </span>inflation spreads. By adopting a framework that emphasizes the foreign exchange rate pass-through effect (cost-push) and distributive conflict, we investigate the role of profit-driven inflation, increasing profit shares, markups, and rising import costs. Specifically, we examine how escalating import costs can affect profit shares and spread inflation, even without a wage-price spiral. To explore these dynamics, the study uses </span>descriptive statistics<span>, sectoral data, and decomposition techniques to shed light on the drivers of inflation and its distributive effects. Additionally, the structural vector autoregression (SVAR) methodology is applied, leveraging quarterly data from 2013 Q1 to 2023 Q4. The results highlight that shocks to import prices have a substantial and persistent impact on inflation and profit shares, particularly between 2018 and 2023. In contrast, the effect of wages on inflation is found to be negligible throughout this period.</span></span></div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 3","pages":"Article 101310"},"PeriodicalIF":3.3,"publicationDate":"2025-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144917010","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

Welfare and equity impact of consumption tax policies: A micro-macro-economic approach applied to Italy 消费税政策对福利和公平的影响：应用于意大利的微观-宏观经济方法

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-04-10 DOI: 10.1016/j.ecosys.2025.101309

Barbara Bratta, Silvia Carta, Paolo Di Caro, Marco Manzo, Carlo Orecchia

{"title":"Welfare and equity impact of consumption tax policies: A micro-macro-economic approach applied to Italy","authors":"Barbara Bratta, Silvia Carta, Paolo Di Caro, Marco Manzo, Carlo Orecchia","doi":"10.1016/j.ecosys.2025.101309","DOIUrl":"10.1016/j.ecosys.2025.101309","url":null,"abstract":"<div><div>This paper develops a micro-macro modelling approach to evaluate the impact of tax policies on economic growth and equity. The empirical framework benefits from the availability of micro administrative data and incorporates household- and sector- heterogeneity, detailed information on the tax system, and tax evasion features. The application of the integrated model to a uniform consumption tax rate reform in Italy yields the following results. We find positive output consequences of the policy, though with sector-specific growth patterns. We also document negative impact on income distribution that varies across households. Our results suggest that when tax evasion is included in the analysis, the positive impact on economic growth is amplified, with major consequences on export-oriented sectors, while the negative impact on equity diminishes. The results are valid after performing different sensitivity checks and alternative integration processes. Finally, policy implications are discussed.</div></div><div><h3>Data statement</h3><div>Data in support of the findings of this study is available from the authors upon reasonable request and considering data disclosure policy at the Italian Ministry of Economy and Finance.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 3","pages":"Article 101309"},"PeriodicalIF":3.3,"publicationDate":"2025-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144917009","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 effects of environmental taxes on environmental pollution in the member states of the European Union 欧盟成员国环境税对环境污染的影响

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-04-08 DOI: 10.1016/j.ecosys.2025.101308

Snežana Ugrinov

{"title":"The effects of environmental taxes on environmental pollution in the member states of the European Union","authors":"Snežana Ugrinov","doi":"10.1016/j.ecosys.2025.101308","DOIUrl":"10.1016/j.ecosys.2025.101308","url":null,"abstract":"<div><div><span><span><span>This paper examines the effectiveness of environmental taxes as a potential instrument for mitigating climate and environmental problems. The relationship between environmental taxes and indicators of </span>air quality and environmental protection is examined with a sample of 28 countries (26 member states of the European Union, Norway, and Iceland) in the period 1996–2022. The dynamic panel models are estimated using the system–generalized method of moments proposed by Blundell and Bond (1998), as it is suitable for addressing potential endogeneity issues. Empirical analysis reveals that total environmental taxes are generally associated with a decline in </span>greenhouse gas emissions and air pollution. Energy taxes appear to be the most effective type, as an increase of 1 percent in these taxes is associated with a reduction in total greenhouse gas (GHG) emissions of 0.5 percent for three prior years. In particular, energy taxes are effective for decreasing carbon dioxide (CO</span><sub>2</sub><span>) emissions as well for other kinds of emissions and air pollutants. However, there is not enough evidence to confirm the contribution of transportation taxes and taxes on pollution and resource use to an overall decline in emissions and air pollution. This study contributes to the literature by providing ex-post empirical evidence on the effectiveness of environmental taxes in reducing GHG emissions and improving air quality in several European countries.</span></div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 3","pages":"Article 101308"},"PeriodicalIF":3.3,"publicationDate":"2025-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144917008","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