Economic Systems最新文献_第5页

What could have been? A synthetic control evaluation of the effect of the Economic and Monetary Union on the net external wealth of periphery member states 会发生什么呢？经济与货币联盟对外围成员国净外部财富影响的综合控制评价

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-02-20 DOI: 10.1016/j.ecosys.2025.101293

João Alcobia , Nuno Sobreira , Ricardo Cabral

引用次数: 0

The temporal and spatial dynamics of FDI productivity spillovers: A technology gap perspective FDI生产率溢出的时空动态：技术差距视角

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-02-18 DOI: 10.1016/j.ecosys.2025.101292

Jie Zhang , Jiwei Chen , Guohui Chen , Manlin Zhi

{"title":"The temporal and spatial dynamics of FDI productivity spillovers: A technology gap perspective","authors":"Jie Zhang , Jiwei Chen , Guohui Chen , Manlin Zhi","doi":"10.1016/j.ecosys.2025.101292","DOIUrl":"10.1016/j.ecosys.2025.101292","url":null,"abstract":"<div><div>An emerging literature estimates the productivity spillovers<span><span><span> of foreign direct investment (FDI), but the temporal and spatial dynamics and the impact of the technology gap on </span>FDI productivity<span> spillover are insufficiently investigated. To provide a more comprehensive estimate for the international policy analysis, the study estimates the effects by utilizing the sample of 53 \"Belt and Road\" Initiative countries over the period 2003–2020 and captures the temporal and spatial dynamics of FDI productivity spillovers conditional on the technology gap. Moreover, the channels of FDI spillovers on productivity are investigated. The study reveals significant contributions of Chinese outward foreign direct investment (OFDI) -induced spillovers to the host countries' productivity growth by facilitating transformations in industrial and labour structures, alongside optimizing capital allocation. Nonetheless, </span></span>spillover effects<span> diminish with widening technology gaps, especially when exceeding a certain threshold. Temporal analysis indicates a strengthening trend in productivity spillovers over time. The spatial analysis demonstrates that Chinese OFDI exhibits negative spatial spillover effects, indicating the presence of competitive dynamics in attracting foreign capital.</span></span></div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 3","pages":"Article 101292"},"PeriodicalIF":3.3,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144917005","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

Labor migration, economic growth, and welfare inequality: A quantitative analysis of China 劳动力迁移、经济增长与福利不平等：中国的定量分析

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-02-07 DOI: 10.1016/j.ecosys.2025.101291

Cao-Yuan Ma , Xiu-Feng Ni , Ting-Rui Li

{"title":"Labor migration, economic growth, and welfare inequality: A quantitative analysis of China","authors":"Cao-Yuan Ma , Xiu-Feng Ni , Ting-Rui Li","doi":"10.1016/j.ecosys.2025.101291","DOIUrl":"10.1016/j.ecosys.2025.101291","url":null,"abstract":"<div><div>This study examines how differing migration restrictions for labor with heterogeneous skills affect economic development and welfare inequality in China. Combining micro individual data with a general equilibrium<span> model that includes skilled and unskilled workers, endogenous productivity, and housing supply, we quantify the differing migration costs for skilled and unskilled workers and its consequences. The findings reveal that unskilled workers’ interprovincial migration cost is much higher than that of skilled workers, resulting in a 1.286 % output loss and widening economic disparity by 3.996 %, causing the interprovincial income gap to expand by 5.929 % and expanding the income gap between skilled and unskilled workers by 0.059 %. Regarding skill heterogeneity, facilitating the smooth interprovincial migration of unskilled workers can produce more significant and positive output and welfare effects compared with skilled workers. Across China’s regions, rationalizing the proportion of skilled and unskilled workers and improving the complementarity between skilled and unskilled workers would help optimize the spatial allocation of workers and enhance the output and welfare effects of labor migration. Therefore, eliminating the exclusion of unskilled workers and guiding the rational and orderly migration of skilled and unskilled workers will promote output growth, narrow the economic gap, and improve workers’ welfare, narrowing the welfare gap and establishing a mutually beneficial outcome of efficiency and fairness.</span></div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 3","pages":"Article 101291"},"PeriodicalIF":3.3,"publicationDate":"2025-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144916394","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

From Russia with love: Empirical evidence on affiliate profitability under sanctions and capital flight across borders 来自俄罗斯的爱：制裁和跨境资本外逃下子公司盈利能力的实证证据

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-01-31 DOI: 10.1016/j.ecosys.2025.101290

Oleg Gurshev

引用次数: 0

Firms' perception of economic policy uncertainty and the labor income share 企业对经济政策不确定性的感知与劳动收入份额

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-01-14 DOI: 10.1016/j.ecosys.2025.101289

Libin Liu, Xu Si

{"title":"Firms' perception of economic policy uncertainty and the labor income share","authors":"Libin Liu, Xu Si","doi":"10.1016/j.ecosys.2025.101289","DOIUrl":"10.1016/j.ecosys.2025.101289","url":null,"abstract":"<div><div>The decline in the labor income share and its determinants has been widely discussed in recent decades. Using a sample of Chinese A-share listed firms from 2010 to 2020, this paper provides evidence of the impact of firms' subjective perceptions of economic policy uncertainty (FEPU) on the labor income share. Empirical results show that there is a significant decrease in the labor income share when firms perceive an increase in economic policy uncertainty. Cash payments to employees and related employee benefits tend to decline when firms perceive a rise in economic policy uncertainty, which leads to a lower labor income share when total operating revenue remains unchanged. Additionally, workers' bargaining power moderates this negative effect. Heterogeneity analysis reveals that the negative effect of FEPU on the labor income share is weaker or insignificant for high-skill-intensive firms, high-technology-intensive firms, low-capital-intensive firms, and central state-owned firms. This paper sheds new light on the factors contributing to the decline in the labor income share and provides relevant policy implications for the stabilization of the labor income share.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"49 3","pages":"Article 101289"},"PeriodicalIF":3.3,"publicationDate":"2025-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144916393","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

Countercyclical economic policy response during COVID-19 2019冠状病毒病期间的逆周期经济政策应对

IF 3.3 2区经济学

Economic Systems Pub Date : 2025-01-08 DOI: 10.1016/j.ecosys.2024.101288

Ceyhun Elgin

引用次数: 0

Life satisfaction and tax preferences in transition economies 转型经济体的生活满意度和税收优惠

IF 3.3 2区经济学

Economic Systems Pub Date : 2024-12-12 DOI: 10.1016/j.ecosys.2024.101287

Luca Andriani , Gaygysyz Ashyrov

引用次数: 0

Comovement and Global Imbalances of Current Accounts 经常账户的联动与全球失衡

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-12-01 DOI: 10.1016/j.ecosys.2024.101199

Yu You , Junsoo Lee , Yoonbai Kim , Zheng Yang

{"title":"Comovement and Global Imbalances of Current Accounts","authors":"Yu You , Junsoo Lee , Yoonbai Kim , Zheng Yang","doi":"10.1016/j.ecosys.2024.101199","DOIUrl":"10.1016/j.ecosys.2024.101199","url":null,"abstract":"<div><div><span>In contrast to existing studies that have paid limited attention to comovement in the current account balances of inter-related countries, we employ a dynamic factor model to evaluate the contributions of the common global factor, group factors (advanced or emerging countries), and country-specific factors for 12 advanced and eight emerging economies from 1970 to 2017. We find that current account balances are largely driven by the group factor for advanced economies; however, current account balances in most emerging economies are primarily driven by country-specific factors. We then investigate the roles of these factors using the traditional empirical model for current account determination. Global and group factors are essential for addressing current accounts’ cross-sectional dependence in panel data models<span>. We find that the empirical results introducing these factors are stronger, and the coefficients of relevant variables become more significant. Furthermore, we examine how these factors are related to the structural determinants of current account balances, revealing that more capital mobility and </span></span>trade openness tend to increase the share of the group factor, while increases in country-specific determinants lead to a greater share in the country factor.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 4","pages":"Article 101199"},"PeriodicalIF":2.8,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139924015","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

What makes environment-related technologies less effective? The role of uncertainty 是什么导致与环境有关的技术效果不佳？不确定性的作用

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-12-01 DOI: 10.1016/j.ecosys.2024.101222

Hung Manh Pham , Lan Khanh Chu , Dung Phuong Hoang

{"title":"What makes environment-related technologies less effective? The role of uncertainty","authors":"Hung Manh Pham , Lan Khanh Chu , Dung Phuong Hoang","doi":"10.1016/j.ecosys.2024.101222","DOIUrl":"10.1016/j.ecosys.2024.101222","url":null,"abstract":"<div><div><span>This study examines the effect of environment-related technologies on environmental quality, conditional on the level of uncertainty. We apply two panel </span>quantile<span> regression approaches to panel data on the member countries of the Organization for Economic Cooperation and Development (OECD) over the period 1990–2015. The empirical results suggest that environment-related technologies and uncertainty both significantly help improve the environmental conditions, although the magnitude of these impacts vary across the level of environmental footprint. Notably, higher uncertainty could negate the beneficial effects of green patents on the environmental footprint, especially in a highly degraded environment. Several preliminary tests, such as cross-sectional dependence, stationarity, cointegration, and nonnormality, provide support for the adoption of panel quantile regression. The significant and heterogeneous relationships between the environmental footprint and its determining factors are also established. This research offers a scientific explanation for the ineffective adoption of environment-related technologies for improving environmental quality in many OECD countries for years and hence has valuable implications for policy makers about leveraging the beneficial impacts of environment-related technologies on the ecosystem.</span></div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 4","pages":"Article 101222"},"PeriodicalIF":2.8,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140884827","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

Coherence of the business cycles of prospective members of the euro area and the euro area business cycle 欧元区未来成员的商业周期与欧元区商业周期的一致性

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-12-01 DOI: 10.1016/j.ecosys.2024.101221

Jakob de Haan , Jan P.A.M. Jacobs , Renske Zijm

引用次数: 0