The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore最新文献

Beyond standard economic approaches: complex networks in climate finance 超越标准经济方法:气候融资中的复杂网络

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2021-06-18 DOI: 10.2139/ssrn.3873739

F. Larosa, Nadia Ameli, Jamie Rickman, Sumit Kothari

引用次数: 2

The COVID Crumbling of Tourism in Andalusia: An Assessment of Economic and Environmental Consequences 安达卢西亚旅游业的COVID崩溃:经济和环境后果评估

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2021-05-24 DOI: 10.2139/ssrn.3859133

R. Roson, Camille van der Vorst

引用次数: 1

Tourism and economic growth: an application to coastal regions in the Mediterranean area 旅游与经济增长:在地中海沿岸地区的应用

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2021-05-05 DOI: 10.2139/ssrn.3841951

Nicola Camatti, L. Salmasi, Jan van der Borg

引用次数: 0

Care Provision at the Time of the Covid-19: Who Suffers Most? Covid-19时期的护理服务:谁受害最大?

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2021-03-19 DOI: 10.2139/ssrn.3807762

E. Bassoli, A. Brugiavini, Irene Ferrari

{"title":"Care Provision at the Time of the Covid-19: Who Suffers Most?","authors":"E. Bassoli, A. Brugiavini, Irene Ferrari","doi":"10.2139/ssrn.3807762","DOIUrl":"https://doi.org/10.2139/ssrn.3807762","url":null,"abstract":"This paper focuses on the changes in care provision at the time of the COVID-19 outbreak by exploiting variation in lockdown policies across Europe. We use the SHARE-COVID-19 survey, which involves about 50000 respondents of age 50 and over in 26 countries, to investigate how the stringency of the policy measures have affected care provision. Our study is based on the linkage of the SHARE-COVID-19 data with an individual specific “stringency index” which measures the intensity of the restriction policies and the degree of individual’s exposure. We find that older individuals, low-income individuals and people affected by limitations in everyday life faced a higher probability of receiving help because of the lockdown policies. Women and people in the age group 50-65 were more likely to provide help/care, but we also uncover a complex interaction with the labour market condition of caregivers. Lockdown policies hit hard individuals who were already receiving care as they experienced a form of rationing, both due to higher financial costs and travelling restrictions. Since these individuals are already among the most fragile.","PeriodicalId":85755,"journal":{"name":"The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore","volume":"129 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87583861","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: 3

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2019-05-09 DOI: 10.2139/ssrn.3395199

T. Buccellato, Giancarlo Corò

引用次数: 6

Risk Aversion: Differential Conditions for the Iso-Utility Curves with Positive Slope in Transformed Two Parameter Distributions 风险规避:变换后的两参数分布中斜率为正的等效用曲线的微分条件

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2018-11-18 DOI: 10.2139/ssrn.3290445

Fausto Corradin, D. Sartore

{"title":"Risk Aversion: Differential Conditions for the Iso-Utility Curves with Positive Slope in Transformed Two Parameter Distributions","authors":"Fausto Corradin, D. Sartore","doi":"10.2139/ssrn.3290445","DOIUrl":"https://doi.org/10.2139/ssrn.3290445","url":null,"abstract":"The condition of Risk Aversion implies that the Utility Function must be concave. We take into account the dependence of the Utility Function on the return that has any type of two-parameter distribution; it is possible to define Risk and Target, the former may be the Standard Deviation of the return, and the latter is usually the Expected value of the return, as a generic function of these two parameters. Considering the 3D space of Risk, Target and Expected Utility, this paper determines the Differential Conditions for these three functions so that the Expected Utility Function depends decreasingly on Risk and increasingly on Target, that means the iso-utility curves have positive slope in the plane of Risk and Target. As a specific case, we discuss these conditions in the case of the CRRA Utility Function and the Truncated Normal distribution. Furthermore, different measures of Risk are chosen, such as Value at Risk (VaR) and Expected Shortfall (ES), to verify if these measures maintain a positive slope of the iso-utility curves in the Risk-Target plane.","PeriodicalId":85755,"journal":{"name":"The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85326547","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

Conglomerate Mergers and Entry in Innovative Industries 创新产业中的企业集团兼并与进入

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2018-07-25 DOI: 10.2139/ssrn.3219722

Federico Etro

引用次数: 2

G-RDEM: A GTAP-Based Recursive Dynamic CGE Model for Long-Term Baseline Generation and Analysis G-RDEM:基于gtap的长期基线生成和分析递归动态CGE模型

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2018-04-24 DOI: 10.2139/ssrn.3167781

W. Britz, R. Roson

{"title":"G-RDEM: A GTAP-Based Recursive Dynamic CGE Model for Long-Term Baseline Generation and Analysis","authors":"W. Britz, R. Roson","doi":"10.2139/ssrn.3167781","DOIUrl":"https://doi.org/10.2139/ssrn.3167781","url":null,"abstract":"We motivate and detail the new GTAP-based recursive dynamic economic model (G-RDEM), a computable general equilibrium tool for long-term counterfactual analysis and baseline generation from given gross domestic product (GDP) and population projections. It encompasses an implicitly directly additive demand system (AIDADS) demand system with non-linear Engel curves, debt accumulation from foreign saving and introduces sector specific productivity changes, endogenous aggregate saving rates, as well as time-varying cost shares for value added and individual intermediates. Parameters for these relationships are econometrically estimated or taken from published work. The core of the model is derived from the Global Trade Anaylsis Project (GTAP) standard model and seamlessly incorporated into the modular and flexible CGEBox modelling platform, allowing for combined applications with various other extensions, such as GTAP-agro-ecological zones (AEZ) or GTAP-Water. G-RDEM maintains the flexible aggregation from the GTAP Data Base. It is open source, encoded in General Algebraic Modelling System (GAMS) and can be steered by a Graphical User Interface, which also encompasses a tool to analyse results with tables, graphs and maps. Existing GDP and population projections from the Socio-Economic Pathways (SSP) 1-5 can be directly incorporated for baseline construction. A comparison of the generated long-term structural composition of the economy against a simple recursive-dynamic variant, derived from the standard GTAP model, shows that G-RDEM brings about much more plausible results, as well as a more realistic, internally consistent representation of the economic structure in a hypothetical future.","PeriodicalId":85755,"journal":{"name":"The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89295922","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: 20

Expectations and Uncertainty: A Common-Source Infection Model for Selected European Countries 预期和不确定性:一个共同来源的感染模型选定的欧洲国家

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2017-12-06 DOI: 10.2139/ssrn.3085835

Luca Gerotto, A. Paradiso

引用次数: 0

Dynamical Interaction between Financial and Business Cycles 金融周期与商业周期的动态交互作用

The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore Pub Date : 2017-10-15 DOI: 10.2139/ssrn.3054438

Monica Billio, Anna V. Petronevich

{"title":"Dynamical Interaction between Financial and Business Cycles","authors":"Monica Billio, Anna V. Petronevich","doi":"10.2139/ssrn.3054438","DOIUrl":"https://doi.org/10.2139/ssrn.3054438","url":null,"abstract":"We adopt the Dynamical Influence model from computer science and transform it to study the interaction between business and financial cycles. For this purpose, we merge it with Markov-Switching Dynamic Factor Model (MS-DFM) which is frequently used in economic cycle analysis. The model suggested in this paper, the Dynamical Influence Markov-Switching Dynamic Factor Model (DI-MS-FM), allows to reveal the pattern of interaction between business and financial cycles in addition to their individual characteristics. More specifically, this model allows to describe quantitatively the existing regimes of interaction in a given economy and to identify their timing, as well as to evaluate the effect of the government policy on the duration of each of the regimes. We are also able to determine the direction of causality between the two cycles for each of the regimes. The model estimated on the US data demonstrates reasonable results, identifying the periods of higher interaction between the cycles in the beginning of 1980s and during the Great Recession, while in-between the cycles evolve almost independently. The output of the model can be useful for policymakers since it provides a timely estimate of the current interaction regime, which allows to adjust the timing and the composition of the policy mix.","PeriodicalId":85755,"journal":{"name":"The Malayan economic review : the journal of the Economic Society of Singapore, the Department of Economics and Statistics and the Economic Research Centre of the University of Singapore","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77740596","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: 3