Economic Systems最新文献_第4页

The impact of infrastructure investment on multidimensional poverty. Evidence from Chinese rural migrant workers 基础设施投资对多维贫困的影响。来自中国农民工的证据

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101239

引用次数: 0

US uncertainty shocks on real and financial markets: A multi-country perspective 美国不确定性冲击对实体和金融市场的影响：多国视角

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101180

引用次数: 0

How does local government debt affect bank loan pricing? Evidence from loan-level data 地方政府债务如何影响银行贷款定价？来自贷款层面数据的证据

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101238

引用次数: 0

Individualism, innovation, and inequality: Exploring the nexus 个人主义、创新和不平等：探索两者之间的关系

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-08-17 DOI: 10.1016/j.ecosys.2024.101252

Daniel V. Santos, Oscar Afonso, Paulo B. Vasconcelos

引用次数: 0

Technological catch-up, nonmonotonicity, and convergence: Parametric evidence from the BRICS and European banking systems 技术追赶、非单调性和趋同：来自金砖五国和欧洲银行体系的参数证据

IF 3.1 2区经济学

Economic Systems Pub Date : 2024-08-16 DOI: 10.1016/j.ecosys.2024.101253

Navendu Prakash, Shveta Singh, Seema Sharma

{"title":"Technological catch-up, nonmonotonicity, and convergence: Parametric evidence from the BRICS and European banking systems","authors":"Navendu Prakash, Shveta Singh, Seema Sharma","doi":"10.1016/j.ecosys.2024.101253","DOIUrl":"https://doi.org/10.1016/j.ecosys.2024.101253","url":null,"abstract":"IT-driven productivity growth offers banks an intriguing opportunity to differentiate their offerings in a monopolistic market, introduce attractive products, enhance customer service, streamline back-office processes, and ultimately achieve the twin goals of cost minimization and profit maximization. However, there has been no convincing explanation for the observed divergence in the IT-productivity literature, raising doubts about whether IT can significantly improve performance in contemporary banking markets. The article examines the role of IT-led productivity growth in governing the direction and magnitude of intra-industry and inter-country convergence by investigating the potential nonmonotonicity of IT in influencing frontier-based efficiency of the BRICS and European banking markets. Findings reveal U-shaped associations between IT and cost (profit) efficiency, suggesting that excessive investment in IT may explain the productivity conundrum for BRICS nations. IT capital is not a significant driver of cost efficiency for European nations. Nevertheless, R&D spending significantly influences frontier efficiency, reinforcing that European banks can achieve frontier-level performance by investing in innovative solutions. Inter-regional comparisons reveal that BRICS banks are converging with their European counterparts by leveraging IT solutions, while diminishing marginal benefits for the latter reinforces the presence of a catch-up effect. Intra-industry comparisons reveal that size, age, and R&D intensity drive technological catch-up and convergence.","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"3 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142200709","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

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