Economic Systems最新文献_第3页

Macroprudential policy effectiveness and interaction with monetary policy: Lessons from debt service-to-income cap implementation in Kazakhstan 宏观审慎政策的有效性以及与货币政策的互动：哈萨克斯坦实施偿债与收入比率上限的经验教训

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-08-16 DOI: 10.1016/j.ecosys.2024.101254

Zhandos Ybrayev, Azamat Baizakov, Erlan Kailrullayev, Dana Mukhambetzhanova

引用次数: 0

The critical role of the health-care sector in promoting employment for women and migrants in the EU. A multicountry input-output analysis 医疗保健部门在促进欧盟妇女和移民就业方面的关键作用。多国投入产出分析

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-07-30 DOI: 10.1016/j.ecosys.2024.101249

Izaskun Barba, Belén Iraizoz

引用次数: 0

The effects of EU grants on SMEs: Evidence from Bulgaria 欧盟赠款对中小型企业的影响：保加利亚的证据

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-06-20 DOI: 10.1016/j.ecosys.2024.101244

Daniel Nigohosyan, Iglika Vassileva, Albena Vutsova

引用次数: 0

Counterfeiting and firm survival. Evidence from the Italian manufacturing industry 假冒与企业生存。来自意大利制造业的证据。

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-06-01 DOI: 10.1016/j.ecosys.2023.101175

Rosanna Pittiglio

{"title":"Counterfeiting and firm survival. Evidence from the Italian manufacturing industry","authors":"Rosanna Pittiglio","doi":"10.1016/j.ecosys.2023.101175","DOIUrl":"10.1016/j.ecosys.2023.101175","url":null,"abstract":"<div><p>Using a dataset obtained by matching and merging three major databases, this paper investigates the impact of counterfeiting on firm survival in a sample of Italian manufacturing firms established between 2004–2006. This paper contributes to the literature on firm survival, which has identified firm-level characteristics, macroeconomic conditions and institutional features as key contributing factors to growth and survival probability among firms. The topic is hugely significant since this illegal competition may displace and damage the firms that produce genuine products. Overall, our analysis finds that the presence of counterfeit products negatively affects the chances of firms surviving. Moreover, after performing an in-depth analysis, we find that the presence of counterfeit products affects firms operating in lower tech sectors and smaller in size. Our evidence, which is robust to an alternative measure of counterfeiting and different estimation methods, provides room for policy interventions.</p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 2","pages":"Article 101175"},"PeriodicalIF":3.1,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0939362523001140/pdfft?md5=c80cd8ea070d6b7ab37ed69a673429fd&pid=1-s2.0-S0939362523001140-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139079193","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Contagion among European financial indices, evidence from a quantile VAR approach 欧洲金融指数之间的传染，来自量化 VAR 方法的证据

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-06-01 DOI: 10.1016/j.ecosys.2024.101183

Giulio Palomba, Marco Tedeschi

{"title":"Contagion among European financial indices, evidence from a quantile VAR approach","authors":"Giulio Palomba, Marco Tedeschi","doi":"10.1016/j.ecosys.2024.101183","DOIUrl":"10.1016/j.ecosys.2024.101183","url":null,"abstract":"<div><p><span>The aim of this paper is to analyze the dynamic relationships binding European financial market indices over the decade 2013–2022. In particular, we estimate a quantile VAR to study spillovers in different volatility scenarios using a measure of realised volatility robust to jumps and microstructural noise. Our results reveal that, especially for low quantiles, the degree of implied interconnectedness between the indices is affected negatively by the Brexit and the outbreak of the Russia-Ukraine conflict, while it augments after the Covid-19 pandemic occurrence. We also found that the EU central markets (Belgian, Dutch, French, and German) are important for the stability of the Eurozone system when uncertainty increases. On the other hand, the Italian and Portuguese markets transmit spillovers when volatility is high, whereas when the volatility is moderate or reduced, they absorb spillovers. The role of Scandinavian markets is mixed since the Finnish and Swedish markets are spillover emitters, while the Danish and the Norwegian emit only when the volatility is high. Our empirical analysis provides valuable information to policymakers, practitioners, and </span>financial institutions.</p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 2","pages":"Article 101183"},"PeriodicalIF":3.1,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139515228","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

Adding an informal sector to the IS-LM framework: A graphical exposition of the IS-LM-PC-SE model for the classroom and policymaker 将非正规部门纳入 IS-LM 框架：面向课堂和决策者的 IS-LM-PC-SE 模型图解

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-06-01 DOI: 10.1016/j.ecosys.2024.101225

Celso J. Costa Junior , Alejandro C. Garcia-Cintado

引用次数: 0

Capital outflow restrictions and dollar drainage 资本外流限制和美元流失

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-06-01 DOI: 10.1016/j.ecosys.2023.101176

Uluc Aysun , Karlia Clarke , Oronde Small

引用次数: 0

Cooperation between governments to set up public firms 政府间合作成立公营公司

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-06-01 DOI: 10.1016/j.ecosys.2024.101189

Quan Dong , Juan Carlos Bárcena-Ruiz , María Begoña Garzón

引用次数: 0

Does country risk rating explain shadow banking development? Insights from advanced and emerging market economies 国家风险评级能否解释影子银行的发展？先进经济体和新兴市场经济体的启示

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-06-01 DOI: 10.1016/j.ecosys.2024.101192

Seyed Alireza Athari , Mugabil Isayev , Farid Irani

{"title":"Does country risk rating explain shadow banking development? Insights from advanced and emerging market economies","authors":"Seyed Alireza Athari , Mugabil Isayev , Farid Irani","doi":"10.1016/j.ecosys.2024.101192","DOIUrl":"10.1016/j.ecosys.2024.101192","url":null,"abstract":"<div><p>This study fills a research gap by specifically investigating the effect of country risk rating (CR) on shadow banking (SB) development from a global perspective using a dynamic panel estimation approach covering the period 2010–2019. Furthermore, the study explores whether a country's characteristics impact this nexus by grouping countries into advanced and emerging market economies based on their development level. To the best of our knowledge, few empirical studies have been conducted looking into this relationship from this perspective, and these findings open a new debate in banking literature. The empirical results reveal that CR positively impacts SB in advanced, emerging, and global samples of countries, implying that lower vulnerability to risk factors<span><span> causes SB expansion. In addition, the results highlight that traditional macroeconomic and institutional factors impact SB development, although the extent of the effect and statistical significance of the factors vary and depend on countries' development levels. Remarkably, the empirical results confirm the validity of the complementarity and regulatory arbitrage hypotheses and support the possible asymmetric implications of </span>monetary policy on SB. The results are robust when alternative model specifications are used and have significant implications for policymakers and regulatory bodies.</span></p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 2","pages":"Article 101192"},"PeriodicalIF":3.1,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139586695","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

Economic performance of exporting sectors: Evidence for manufacturing in Brazil 出口部门的经济表现：巴西制造业的证据

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-06-01 DOI: 10.1016/j.ecosys.2024.101220

Thiago Christiano Silva , Paulo Ricardo Mendes Valença , Benjamin Miranda Tabak

{"title":"Economic performance of exporting sectors: Evidence for manufacturing in Brazil","authors":"Thiago Christiano Silva , Paulo Ricardo Mendes Valença , Benjamin Miranda Tabak","doi":"10.1016/j.ecosys.2024.101220","DOIUrl":"10.1016/j.ecosys.2024.101220","url":null,"abstract":"<div><p>We investigated the resilience of exporting manufacturing sectors during the Brazilian domestic recession (2014–2016) using data from various sources at the Brazilian state-sector level. We propose a new identification strategy that gauges a sector’s exposure to the recession by examining its current position in the international demand cycle, deemed exogenous from the viewpoint of a local exporter in Brazil. Following the two-year Brazilian recession, we observe a persistent negative effect on exporting sectors that are more reliant on domestic economic activity (and thus more vulnerable to the domestic recession) than those less reliant on domestic economic activity (less exposed to the domestic recession). Sectors with lower labor productivity and higher technological intensity were less resilient during the domestic recession, as revenues declined and financing costs increased substantially. Given the critical role of exports in regional economic growth, this study contributes to the formulation of public policies by documenting the economic performance of exporting sectors during periods of economic stress.</p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 2","pages":"Article 101220"},"PeriodicalIF":3.1,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140756590","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