Journal for Studies in Economics and Econometrics最新文献_第2页

The effects of fertility on female labour force participation in OECD countries: the role of education and health 经合组织国家生育率对女性劳动力参与的影响：教育和卫生的作用

Journal for Studies in Economics and Econometrics Pub Date : 2023-06-01 DOI: 10.1080/03796205.2023.2218055

Yew Seng Law, Chung-Khain Wye

引用次数: 1

Asymmetric persistence and the unemployment hysteresis question in emerging markets: evidence from advanced quantile unit-root tests 新兴市场的不对称持久性和失业滞后问题:来自高级分位数单位根检验的证据

Journal for Studies in Economics and Econometrics Pub Date : 2023-05-09 DOI: 10.1080/03796205.2023.2208742

Emre Kilic, Ersin Yavuz, E. Ergen, Sevinc Yarasir Tulumce

引用次数: 0

Effect of demographic transition on economic growth: does economic freedom matter? Evidence from ECOWAS countries 人口结构转型对经济增长的影响：经济自由重要吗？西非经共体国家提供的证据

Journal for Studies in Economics and Econometrics Pub Date : 2023-04-26 DOI: 10.1080/03796205.2023.2201892

L. Gakpa, H. Kouadio

{"title":"Effect of demographic transition on economic growth: does economic freedom matter? Evidence from ECOWAS countries","authors":"L. Gakpa, H. Kouadio","doi":"10.1080/03796205.2023.2201892","DOIUrl":"https://doi.org/10.1080/03796205.2023.2201892","url":null,"abstract":"Abstract According to the economic literature, for a country to benefit from the demographic dividend, it must first undergo a demographic transition, which describes the shift of a population from a stage of high fertility and mortality to one of low fertility and mortality. This transition, which results in a temporary increase in the share of the working age population, opens up a huge window of opportunity if the sound policies are implemented. Indeed, the literature indicates that local conditions can limit the expected effects of the change in age structure on economic growth. In this study, we focus on the role of economic freedom institutions in ECOWAS region by analysing the consequences of the interaction between economic freedom indicators and the growth rate in the share of the working age population on economic growth over the period 1996–2018. To do so, the study uses a robust technique, namely the Augmented Mean Group (AMG) method, which takes into account both the dependence and the heterogeneity of the individuals in the panel. The estimation shows that an increase in the share of the working age population only has a positive effect on economic growth when countries have better economic freedom institutions. This contribution is made in particular through improvements in indicators of investment freedom, financial freedom and government integrity. These results call on policy makers in the region to improve these dimensions in particular to enable their economies to benefit from the demographic transition dividend.","PeriodicalId":55873,"journal":{"name":"Journal for Studies in Economics and Econometrics","volume":"47 1","pages":"199 - 222"},"PeriodicalIF":0.0,"publicationDate":"2023-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46687659","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Risk tolerance as mediating factor in individual financial investment decisions: a developing-country study 风险承受能力在个人金融投资决策中的中介作用:一项发展中国家的研究

Journal for Studies in Economics and Econometrics Pub Date : 2023-04-03 DOI: 10.1080/03796205.2023.2218053

S. Hussain, Abdul Rasheed

{"title":"Risk tolerance as mediating factor in individual financial investment decisions: a developing-country study","authors":"S. Hussain, Abdul Rasheed","doi":"10.1080/03796205.2023.2218053","DOIUrl":"https://doi.org/10.1080/03796205.2023.2218053","url":null,"abstract":"Abstract The key objective of this research paper is to estimate the impact of financial literacy, investor’s personality and overconfidence bias on investment decisions by using risk tolerance as a mediator variable. Inclusive finance makes numerous financial products and services accessible and affordable to the micro-finance community, remarkably those absent from the conventional financial system. Financial literacy is a leading factor affecting an individual’s ability to access financial services. This study employed Structural Equation Modelling to investigate whether financial literacy and other personality traits affect investment decisions. The Regression results showed that financial literacy, investors’ personality, and overconfidence bias are significantly relevant to risk tolerance and investment decisions (β = 0.128***, S.D = 0.047, t = 2.746; p < 1%; β 0.378***, S.D = 0.051, t = 7.414, p < 1%; β 0.269***, S.D = 0.052, t = 5.155, p < 1%; β 0.195***, S.D = 0.054, t = 3.619, p < 1%; β 0.371***, S.D = 0.055, t = 6.706, p < 1%; β0.195***, S.D = 0.061, t = 3.190, p < 1%). As mediation results showed, risk tolerance plays a significant role in financial literacy, investors’ personality, overconfidence bias, and investment decisions (β = 0.024**, S.D = 0.011, t = 2.15, p < 5%; β = 0.024**, S.D = 0.011, t = 2.17, p < 5%; β = 0.047**, S.D = 0.018, t = 2.55, p < 5%). The implications of this study also provide valued recommendations for regulatory institutions to improve financial inclusion in the emerging market context.","PeriodicalId":55873,"journal":{"name":"Journal for Studies in Economics and Econometrics","volume":"47 1","pages":"185 - 198"},"PeriodicalIF":0.0,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46395774","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Methodological problems in studies on the Taylor rule 泰勒规则研究中的方法论问题

Journal for Studies in Economics and Econometrics Pub Date : 2023-04-03 DOI: 10.1080/03796205.2023.2201473

Chung Yan Sam, R. Mcnown, S. Goh, K. Goh

{"title":"Methodological problems in studies on the Taylor rule","authors":"Chung Yan Sam, R. Mcnown, S. Goh, K. Goh","doi":"10.1080/03796205.2023.2201473","DOIUrl":"https://doi.org/10.1080/03796205.2023.2201473","url":null,"abstract":"Abstract This paper raises concerns about the methodological approaches commonly adopted in typical Taylor rule studies. We find that many empirical studies on the Taylor rule do not follow the required econometric procedures. These studies ignore the presence of unit roots, cointegration, and serial correlation in their tests and estimation. The Taylor rule equation is typically estimated in levels. We show that the Taylor rule can be an unbalanced regression that involves a mixture of I(0) and I(1) variables. Spurious regressions may occur if the variables are not cointegrated and the Taylor rule equation is estimated using variables in levels. In addition, empirical models of the Taylor rule commonly include lags of the dependent variable, and equation residuals are serially correlated. The presence of lagged dependent variables and serially correlated residuals will cause biased and inconsistent least squares estimators. To illustrate our arguments, we re-examine two recent papers to point out the econometric problems that are general in typical Taylor rule studies. We show that an inadequate analysis of the time series properties of the individual series and diagnostic checks of the estimated equations can often lead to invalid conclusions about the empirical validity of the Taylor rule. We demonstrate how autoregressive distributed lag methods can overcome these issues and how the equation can be estimated efficiently.","PeriodicalId":55873,"journal":{"name":"Journal for Studies in Economics and Econometrics","volume":"47 1","pages":"127 - 143"},"PeriodicalIF":0.0,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48223823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Dynamics of return and volatility spill-over between developed, emerging and African equity markets during the Covid-19 pandemic and Russia–Ukraine war 新冠肺炎疫情与俄罗斯-乌克兰战争期间发达、新兴和非洲股市之间的回报和波动溢出动态

Journal for Studies in Economics and Econometrics Pub Date : 2023-04-03 DOI: 10.1080/03796205.2023.2216878

I. Anyikwa, A. Phiri

{"title":"Dynamics of return and volatility spill-over between developed, emerging and African equity markets during the Covid-19 pandemic and Russia–Ukraine war","authors":"I. Anyikwa, A. Phiri","doi":"10.1080/03796205.2023.2216878","DOIUrl":"https://doi.org/10.1080/03796205.2023.2216878","url":null,"abstract":"Abstract We contribute to the growing literature examining spill-over effects between international equity markets in the “new normal” disposition and extend upon previous studies to include more recent periods covering the Russia–Ukraine war. Using the Diebold and Yilmaz network method, we estimate the returns and volatility connectedness between developed, emerging and African markets over the period 11 March 2020 to 30 June 2022. Our findings can be summarised in three points. Firstly, the static connectedness analysis informs us that emerging and African (developed) markets are the main net receivers (transmitters) of systemic shocks over the sample period. Secondly, the time-varying connectedness analysis further informs us that network connectedness is higher during the Russia–Ukraine war compared to the announcement of Covid-19 variants. Thirdly, the time-varying market specific analysis distinguishes which individual equities are most or least vulnerable to systemic shocks during the Covid-19 pandemic and Russia–Ukraine war. These findings are relevant for investors in their search for better hedging opportunities in equity markets. Moreover, market regulators should take heed of our findings as the observed build-up of systemic risk following the Russia–Ukraine conflict is an indicative of contagion effects experienced.","PeriodicalId":55873,"journal":{"name":"Journal for Studies in Economics and Econometrics","volume":"47 1","pages":"144 - 168"},"PeriodicalIF":0.0,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45101536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does corruption affect firm growth? New evidence from Mozambique 腐败会影响企业成长吗?来自莫桑比克的新证据

Journal for Studies in Economics and Econometrics Pub Date : 2023-04-03 DOI: 10.1080/03796205.2023.2218056

Halfdan Lynge

引用次数: 0

The time-varying impact of foreign capital flows on house prices: evidence from South Africa 外国资本流动对房价的时变影响:来自南非的证据

Journal for Studies in Economics and Econometrics Pub Date : 2023-04-03 DOI: 10.1080/03796205.2023.2198144

Boubekeur Baba

引用次数: 0

Does commodity price volatility harm financial development? Evidence from developing commodity exporting countries* 大宗商品价格波动会损害金融发展吗？来自发展中国家商品出口国的证据*

Journal for Studies in Economics and Econometrics Pub Date : 2023-01-02 DOI: 10.1080/03796205.2023.2185667

Fréjus-Ferry Houndoga, Picone Gabriel

引用次数: 0

Divergence of healthcare expenditure in sub-Saharan Africa 撒哈拉以南非洲医疗保健支出的差异

Journal for Studies in Economics and Econometrics Pub Date : 2023-01-02 DOI: 10.1080/03796205.2023.2185664

J. Jeetoo, V. Jaunky

{"title":"Divergence of healthcare expenditure in sub-Saharan Africa","authors":"J. Jeetoo, V. Jaunky","doi":"10.1080/03796205.2023.2185664","DOIUrl":"https://doi.org/10.1080/03796205.2023.2185664","url":null,"abstract":"Abstract The study examines the convergence patterns of real healthcare expenditure per capita (RHEPC) for 43 countries of sub-Saharan African (SSA) from the period 2000 and 2017. Conventional absolute and conditional β-convergence models are first applied. Several factors such as income, democracy, urbanisation and ageing population are found to significantly affect relative RHEPC (RRHEPC) within the conditional β-convergence model. The speed of convergence of RRHEPC is higher for the conditional β-convergence model than the absolute β-convergence one. In general, β-convergence and σ-divergence are detected while no support for the stochastic convergence hypothesis is uncovered. These neoclassical models impose restrictive assumptions that countries follow the same growth path. As such the dynamic distribution approach proposed by Quah is applied to analyse the dynamics of RRHEPC. This is followed by the club convergence test as proposed by Phillips and Sul which allows individual countries to follow distinctive growth paths. Both convergence tests point towards the existence of three clubs. In sum, we find strong evidence of divergence of RHEPC among the 43 SSA countries. Policy implementations based on model results are discussed while several aspects of policy reforms in the healthcare sector within the African continent are highlighted.","PeriodicalId":55873,"journal":{"name":"Journal for Studies in Economics and Econometrics","volume":"47 1","pages":"75 - 105"},"PeriodicalIF":0.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44219896","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0