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State capacity, tax evasion, and wage inequality Australian Economic Papers (IF 1.452) Pub Date : 2024-03-12 Jiancai Pi, Xinyi Liu
This paper explores how state capacity in the sense of controlling tax evasion affects wage inequality through constructing several general equilibrium models. We analyse six types of redistribution in urban areas, and find that effect variations in urban wage inequality arise depending on the specific recipients of redistribution. Notably, under redistribution to urban unskilled labour, changes in
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Hiding the elephant: The tragedy of COVID policy and its economist apologists Australian Economic Papers (IF 1.452) Pub Date : 2024-03-06 Gigi Foster, Paul Frijters
In 2020 and 2021, the world witnessed policies that caused enormous net damage to most countries. We demonstrate the usefulness of the new WELLBY currency in gauging the costs and benefits of COVID policies and review the contributions of Australian economists to the scholarly and public debates about these policies. Our analysis documents the value of what was destroyed, the weak resistance mounted
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Income diversification patterns and their impact on bank risk Australian Economic Papers (IF 1.452) Pub Date : 2024-02-21 Parneet Kaur, Aanchal Bansal
This study focuses on the crucial topic of income diversification and its implications for bank risk, using the context of India's public and private Sector banks. The research spans the years 2005–2021, investigating the influence of varying degrees of non‐interest income on the risk profiles of Indian banks. Employing a program impact evaluation methodology, the study employs the generalised propensity
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Housing affordability stress and mental health: The role of financial wellbeing Australian Economic Papers (IF 1.452) Pub Date : 2024-02-11 Ferdi Botha, Rebecca Bentley, Ang Li, Ilan Wiesel
Using data from wave 20 of the Household, Income and Labour Dynamics in Australia Survey, we provide a descriptive examination of the relationship between housing affordability stress (HAS) and a multi-item measure of financial wellbeing across tenure types and test whether good financial wellbeing is protective of the negative mental health effects of HAS. We find that HAS is associated with lower
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Does agricultural trade respond asymmetrically to oil price shocks? Evidence from New Zealand Australian Economic Papers (IF 1.452) Pub Date : 2024-02-02 Puneet Vatsa, Jungho Baek
Do rising oil prices affect agricultural trade differently from falling oil prices? We answer this question using data on New Zealand, a net importer of oil and a net exporter of agricultural commodities. We consider a disaggregated approach, analysing exports and imports of five key commodity classes; nonlinear autoregressive lag models are employed to conduct the analysis. We find considerable evidence
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Ethnic diversity and homeownership Australian Economic Papers (IF 1.452) Pub Date : 2024-02-02 Sefa Awaworyi Churchill, Russell Smyth
We examine the impact of neighbourhood ethnic diversity on homeownership using 19 waves of household panel data from the Household, Income and Labour Dynamics in Australia survey. We find that ethnic diversity is associated with a lower probability of homeownership. Specifically, a movement from complete ethnic homogeneity to complete heterogeneity is associated with up to a 31.3 percentage point decrease
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The effect of negative gearing and capital gains tax reform on home ownership Australian Economic Papers (IF 1.452) Pub Date : 2024-01-27 Michael Warlters
The article investigates the home ownership effects of abolishing deductions for negative gearing losses and halving the capital gains tax discount under Australian income tax laws. Home ownership evolves according to the balance of annual purchases and sales by owner-occupiers and investors. This transaction-based perspective on home ownership implies an important role for average holding periods
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Environmental policies with the excess burden of public funds and privatisation Australian Economic Papers (IF 1.452) Pub Date : 2024-01-23 Doori Kim, Sang-Ho Lee
This study investigates the interaction of environmental policies with the shadow cost of public funds and the efficiency of green research and development (R&D), while considering the presence of a public firm. In the policy combination of emission taxes and green R&D subsidies, we find that it has an implementable region where the shadow cost is neither high nor low, but the green R&D efficiency
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Cascade model for Australian housing Australian Economic Papers (IF 1.452) Pub Date : 2024-01-23 Gaurav Khemka, Yifu Tang, Geoffrey J. Warren
We design a ‘cascade model’ that integrates projections for Australian housing with inflation, incomes and asset markets over long horizons. The model allows simulating joint ‘paths’ for inflation, wages, cash rates, mortgage rates, rents, rental yields, house prices and fund returns. The cascade model structure ensures that equilibrium relationships are maintained between the variables when projecting
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Empowering sustainability practices through energy transition: The role of digital economy and technological innovation among BRICS economies Australian Economic Papers (IF 1.452) Pub Date : 2024-01-03 Muhammad Awais Baloch, Yiting Qiu, Zilu Guo
Achieving sustainable development targets requires major changes in the existing economic structure and a transition from a pollution-intensive energy system to a clean one. The role of the digital economy (DE) in this regard has received much attention in recent eras. However, there is little literature investigating the relationship between the DE and the energy transition in the presence of technological
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Impact of fiscal decentralisation on economic growth in Vietnam—A spatial regression approach Australian Economic Papers (IF 1.452) Pub Date : 2023-11-27 Tran Thi Kim Oanh
Approaching by spatial regression method, this study examines the impact of fiscal decentralisation on economic growth in 63 provinces/cities of Vietnam in the period 2010–2020. Findings suggest that, in general, revenue decentralisation and expenditure decentralisation not only have a positive impact on the economic growth of provinces/cities but also have spillover effects on other locations in improving
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Fintech development and environmental sustainability: Does income inequality matter? Australian Economic Papers (IF 1.452) Pub Date : 2023-11-07 Nam Thanh Vu, Hung Quang Bui, Tuan Anh Pham, Duc Hong Vo
This paper investigates whether and how fintech development is associated with environmental quality. A machine learning technique—the principal component analysis (PCA), is adopted to construct an index that measures fintech development. The two-step system generalised method of moments (GMM) addresses the potential endogeneity in the established nexus. Analysing a panel of 42 countries from 2012
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Employment and technology: Creative creation or creative destruction? An asymmetric analysis Australian Economic Papers (IF 1.452) Pub Date : 2023-10-30 Manuchehr Irandoust
Theoretical predictions of the effect of technological change on employment are ambiguous and depend on the extent to which new technology is embodied in new jobs. This paper separates positive and negative shocks and examines the extent to which technological shocks have an asymmetric effect on unemployment in nine European countries by using hidden cointegration analysis within a likelihood-based
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Labour market rigidity and firm innovation Australian Economic Papers (IF 1.452) Pub Date : 2023-10-26 Limin Gao, Sajid Anwar
This paper examines the impact of pro-worker interference on wage contracts and innovation incentives in the labour market. Using a general equilibrium model, we find that excessive interference affects contingent wage contracts in innovator start-ups and tech-intensive firms, especially for complex innovation. When worker dismissal is restricted, high wages may not effectively drive innovation. Moreover
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What sorts of public value are Thai public business schools aiming to realise? Australian Economic Papers (IF 1.452) Pub Date : 2023-10-23 Nattawoot Koowattanatianchai, Michael B. Charles, Michael A. Kortt
This study examines the types of public value that Thai public business schools aim to realise. The study draws on publicly available data relating to the mission statements of these schools and follows a recognised research approach for analysing data from mission statements. It also compared these results to those found in Thai private universities, as well as in Australian universities, where a
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Community banks' capital requirements and regional housing tenure Australian Economic Papers (IF 1.452) Pub Date : 2023-10-02 Chenzi Yang, Fernando Moreira, Thomas Welsh Archibald
Bank capital requirements aim at reducing the likelihood of banks' failure. However, these policies may generate externalities on the overall economy. By investigating the pathways from capital requirements to housing tenure using structural equation modelling, we show that community banks' capital requirements increase the gap between the regional real estate loans-based and non-real estate loans-based
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Asymmetric volatility transmission and hedging strategies among REIT, stock, and oil markets Australian Economic Papers (IF 1.452) Pub Date : 2023-09-22 Walid Mensi, Zhuhua Jiang, Xuan Vinh Vo, Seong-Min Yoon
How do price fluctuations in the real estate investment trust (REIT) market relate to price fluctuations in other financial markets, such as the stock and commodity markets? In order to grasper this topic, we examine the transmission of shocks and volatility spillover among the REIT, stock, and oil markets using a trivariate asymmetric GARCH model with BEKK specification. The empirical results indicate
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A panel data method towards the effectiveness of sources of finance in stimulating the realisation of renewable energy technologies: Empirical evidence for Asia-Pacific Australian Economic Papers (IF 1.452) Pub Date : 2023-09-06 Farah Roslan, Borhan Abdullah, Mohd Khairul Amri Kamarudin
Many nations have taken steps to encourage renewables through environmental policy frameworks; however, they still account for a small portion of global power output. This fact suggests that there are still some gaps between the potential advantages of renewables and their implementation, and these gaps must be investigated. Thus, the present study examines the effect of finance for the expansion of
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Does good governance and trade openness contribute to poverty reduction in BRICS? An empirical analysis Australian Economic Papers (IF 1.452) Pub Date : 2023-08-28 Megha Chhabra, Arun Kumar Giri, Arya Kumar
Institutions are critical economic pillars that influence not only growth but also the distributional outcomes that affect the speed of poverty reduction. High variability in the extent of policy and trade benefits creates large disparities and makes the role of institutions more pervasive. In this light, this study aims to investigate the impact of governance and trade openness on poverty reduction
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Spillover effects of FDI inflows on output growth: An analysis of aggregate and disaggregated FDI inflows of 13 MENA economies Australian Economic Papers (IF 1.452) Pub Date : 2023-08-13 Brahim Bergougui, Syed Mansoob Murshed
This paper examines the effect of foreign direct investment (FDI) inflows on overall growth, as well as its sector-specific spillovers in the Middle Eastern and North African region during the period from 2000 to 2020. Our major innovation is our ability to disaggregate FDI into primary, secondary and tertiary and examine their individual impact on growth, as well as their sector-specific spillovers
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Are there financial stability gains from international macroprudential policy coordination? Australian Economic Papers (IF 1.452) Pub Date : 2023-06-12 Xiaoyu Liu, Xiao Zhang
We construct a core-periphery theoretical model based on the cross-border spillover effects of macroprudential policies, to calculate the financial stability gains from macroprudential policy coordination between the two countries. Numerical simulation results show that the gains from coordination between the core and the periphery are zero when facing reverse monetary policy shocks, when macroprudential
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A note on disease burden and pharmaceutical R&D Australian Economic Papers (IF 1.452) Pub Date : 2023-05-30 Vijay Mohan, Munirul Nabin
We examine the relationship between research and development (R&D) expenditures and the expected impact of diseases in a simple theoretical framework that allows for intellectual property rights (IPR) protection to be strong or weak. In our theoretical model, an agent forms an expectation of the impact of a disease using a publicly available statistic on the (population level) disease burden, such
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Are non-fungible token coins a good hedge against the stock market volatility? Australian Economic Papers (IF 1.452) Pub Date : 2023-05-18 Anoop S. Kumar, Balaga Mohana Rao
We test the hedge property of non-fungible token (NFT) coins against equity market fluctuations and compare it with the hedge property of Bitcoin. We employ daily the returns of Bitcoin; three NFT coins, namely Theta, Enjin Coin and Decentraland, and three equity market indices: S&P 500, NASDAQ and CAC 40, ranging from 18 January 2018 to 12 January 2021. We estimate the hedge effectiveness of the three
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The choice of technology in economic development Australian Economic Papers (IF 1.452) Pub Date : 2023-05-17 Lei Wen, Haiwen Zhou
The impact of capital accumulation on job creation is an important and interesting issue in economic development. This model provides a general-equilibrium framework for studying technology choice with unemployment in a developing economy based on micro-foundations. Unemployment in the urban sector results from the existence of efficiency wages. Manufacturing firms engage in oligopolistic competition
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The relationship between interest rate volatility and the shadow economy in OECD countries: An asymmetric analysis Australian Economic Papers (IF 1.452) Pub Date : 2023-05-15 Massomeh Hajilee, Farhang Niroomand, Linda A. Hayes
Interest rate changes by central banks are a strong monetary policy tool that has a significant impact on the performance of the real economy via various channels. Despite extensive theoretical and empirical studies in this area, the current literature lacks a comprehensive assessment of the relationship between interest rate volatility and the shadow economy. This study explores the link between interest
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Distance to healthcare facilities, healthcare use and health outcomes: The case of Papua New Guinea Australian Economic Papers (IF 1.452) Pub Date : 2023-05-15 Ajay Mahal, Navy Mulou, Marie Ishida
Papua New Guinea (PNG) has among the worst maternal and child health (MCH) outcomes in the Asia–Pacific region. Improving population access to and use of health services is a key government priority. However, it is unclear from the international evidence whether the observed inverse relationship between distance to health facilities and health outcomes is due to health service use. This article first
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How Australia's economy gained momentum because of Covid-19 Australian Economic Papers (IF 1.452) Pub Date : 2023-05-10 Pierre Rostan, Alexandra Rostan
The objective of the paper is to assess the resilience of the economy of Australia following the Covid-19 pandemic that hit the global economy in Q4 2019, in years 2020, 2021 and 2022. Quarterly growth rates (annualised) of the Real GDP of Australia and Canada are forecasted between Q2 2022 and Q4 2050. Two sets of forecasts are generated: forecasts using historical data including the pandemic (from
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Well-being and doctor visits: The mediating role of a healthy diet Australian Economic Papers (IF 1.452) Pub Date : 2023-04-27 Dusanee Kesavayuth, Prompong Shangkhum, Vasileios Zikos
Subjective well-being is associated with many positive health outcomes. However, little is known about whether these favourable outcomes translate into a reduction in the number of doctor visits. Using large-scale panel data from Australia, we find that individuals with high life satisfaction need fewer visits to their family doctor or general practitioner. We also present evidence on the pathways
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R&D subsidy and output subsidy in a duopoly: The role of technology spillover and R&D budget Australian Economic Papers (IF 1.452) Pub Date : 2023-04-26 Xing Gao, Xifan Wang, Weijun Zhong, Ying Wang
Technology spillover and research and development (R&D) budget are relevant on government subsidies that aim at improving social welfare through enhancing R&D incentives of firms. However, there has not been related literature considering these two factors. To fill this gap, this paper examines the effect of technology spillover and R&D budget on R&D competition of duopolistic firms and government
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Whose policy uncertainty affects trade flows between Japan and the U.S.? Australian Economic Papers (IF 1.452) Pub Date : 2023-04-26 Mohsen Bahmani-Oskooee, Ridha Nouira, Sami Saafi
Previous studies mostly assumed that the effects of policy uncertainty on trade flows are symmetric. In this article, we add to this literature by arguing and demonstrating that the effects could be asymmetric. Since asymmetry analysis requires using non-linear models, such models yield a more significant outcome than linear models. We show this by considering the trade flows of 66 two-digit U.S. exporting
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Market power and markups: Malign markers for the Australian macroeconomy Australian Economic Papers (IF 1.452) Pub Date : 2023-04-13 Andrew Leigh
Research on markups by Hambur (Treasury Working Paper, 2021) shows that markups in Australia have increased since the turn of the century. This is consistent with findings for other advanced economies over the same period. Australia's most digitally intensive firms increased markups the most. Australian industries with the greatest increase in concentration also recorded the greatest increases in markups
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Australia's gambling epidemic: The role of Covid-19 support payment Australian Economic Papers (IF 1.452) Pub Date : 2023-04-11 Opoku Adabor
Covid-19 exposed the whole world to numerous challenges ranging from health to economic recession. Nevertheless, it also impeded gambling activities. Here, we consider the relationship between Covid-19 support payment and gambling. Gambling is considered leisure for many game players but leads to multiple social and economic harms. This has led to a growing body of literature examining the factors
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Risk contagion in financial markets: A systematic review using bibliometric methods Australian Economic Papers (IF 1.452) Pub Date : 2023-04-05 Fei Su, Lili Zhai, Yunyan Zhou, Zixi Zhuang, Feifan Wang
We explore evolving research trends and hotspots in financial contagion through keywords co-occurrence and co-citation network analyses. 2,071 articles have been collected from Web of Science Core Collection database from 2005 to 2021 and been analyzed by using bibliometric methods. The results indicate a tremendous growth in research on financial contagion, especially following the Global Finance
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Appropriation, migration, and unemployment Australian Economic Papers (IF 1.452) Pub Date : 2023-03-28 Jiancai Pi, Shuxi Duan
This article builds general equilibrium models to explore the relationship among appropriation, rural–urban migration, the minimum wage and unemployment. We find that the proportion of appropriated capital plays a key role in the effects of appropriation on unemployment and rural–urban migration. When the proportion of appropriated capital is large, a stronger control on appropriation by the government
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Impact of global macroeconomic factors on spillovers among Australian sector markets: Fresh findings from a wavelet-based analysis Australian Economic Papers (IF 1.452) Pub Date : 2023-03-23 Zhuhua Jiang, Rim El Khoury, Muneer M. Alshater, Seong-Min Yoon
This study investigates the spillover dynamics among 10 Australian sectoral indices and their connectedness to global factors, including the WTI crude oil price, oil market volatility, Australian exchange rate, U.S. stock market volatility index and Infectious Disease Tracker Index. Using data from May 14, 2007 to March 31, 2022, this study applies the time-varying parameter vector autoregressive model
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Short interest and the stock market relation with news sentiment from traditional and social media sources Australian Economic Papers (IF 1.452) Pub Date : 2023-03-12 Ben Chamberlain, Zhangxin (Frank) Liu, Lee A. Smales
We examine how the stock market relation to news sentiment—from traditional and social media (Twitter) sources—interacts with short selling of stocks. Our sample includes the S&P500 constituents for the period January 2016 to December 2020, providing 704,452 firm-day observations. We find evidence that both news sources are positively related to returns. The relationship is stronger for firms with
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Predicting long-run risk factors of stock returns: Evidence from Australia Australian Economic Papers (IF 1.452) Pub Date : 2023-03-09 Rajabrata Banerjee, Tony Cavoli, Ron McIver, Shannon Meng, John K. Wilson
This study utilises the stock market data provided by the Australian Equity Database to analyse the long-run relationship between Australian stock returns and key macroeconomic variables over the period 1926–2017. To measure the diverse risk factors in the stock market, we examine the possible determinants in four main categories: real, financial, domestic and international. Our results reveal that
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The effect of natural gas discoveries in Israel on the strength of its currency Australian Economic Papers (IF 1.452) Pub Date : 2023-03-06 Tchai Tavor
In light of the natural gas discoveries in the Mediterranean Sea and their impact on the Israeli economy, I must assess the change in the exchange rate and its impact on the foreign exchange market. There are numerous positive social impacts resulting from the gas discoveries including optimising Israel's energy security and its move to cleaner energy. However, not all of the consequences of discovering
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Natural disasters and economic policy challenges Australian Economic Papers (IF 1.452) Pub Date : 2023-02-23 John Freebairn
The frequency of and magnitudes of natural disasters associated with exogenous variation of climate vary between areas. Household, business and government decisions on location and investment influence the private and society costs of natural disasters. Government economic policy towards natural disasters face a challenging trade-off between short term equity and long term efficiency objectives. Additional
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Catastrophe theory and economic modelling at the back of an envelope Australian Economic Papers (IF 1.452) Pub Date : 2023-02-13 Eduardo Pol
Catastrophe theory (CT) emerged out of problems in pure mathematics. The insights and language of differential topology, from which CT sprang, are foreign to most economists. The purpose of this paper is to explain how to use Abstract CT in economic modelling. To this end, we spell out a step-by-step procedure that can be understood without a knowledge of differential topology. The corollary advantage
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Interrogating inclusive growth: Implications for conceptualisation, measurement and policy practice Australian Economic Papers (IF 1.452) Pub Date : 2023-01-31 Lachlan Johnson, Richard Eccleston
The idea that economic growth ought to be inclusive—that governments and economic policy makers should concern themselves with not just the “pace but also the pattern” of growth—has gained considerable traction in recent years. Actors ranging from local, state, regional and national governments to civic or non-government actors to multinational corporations have embraced the rhetoric of inclusive growth
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Quality-efficiency trade-off when the state is the sole provider of hospital services: Evidence from New Zealand Australian Economic Papers (IF 1.452) Pub Date : 2022-12-01 Antony Andrews, Biresh K. Sahoo, Omphile Temoso, Sean Kimpton
The purpose of this study is to explore the trade-off between technical efficiency and the quality of hospital services when the state is the sole provider. Data from 20 New Zealand District Health Boards from 2011 to 2017 is used to estimate technical efficiency using the data envelopment analysis technique, which employs an additive inverse formulation for undesirable outcomes. The estimated average
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Can price discrimination improve the performance of online retail platforms? Australian Economic Papers (IF 1.452) Pub Date : 2022-11-25 Min Liu, Sajid Anwar
Online retail platforms are the core of online retail activities, but due to increased competition among the platforms, traditional sources of revenue such as the membership and transaction fees alone cannot guarantee platform profitability. Thus, platform enterprises are looking for other sources of revenue. In this article, we focus on the role of value-added services fees charged by platforms. Specifically
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Marital status and hospital use in older adults Australian Economic Papers (IF 1.452) Pub Date : 2022-11-22 Chunzhou Mu, Jane Hall
The proportion of single person households is increasing with population ageing. At older ages living in a single person household is more likely to be due to bereavement or separation than at younger ages. We examine the association between marital status and the likelihood and the length of hospitalisations, with particular emphasis on whether and how this association varies by different types of
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Fiscal deficits and the socioeconomic consequences of rebalancing: Insights from a TVP-VAR with stochastic volatility Australian Economic Papers (IF 1.452) Pub Date : 2022-11-14 Binh Thai Pham, Hector Sala
This article connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert, Horn, & Paetz, 2019); (ii) the unemployment-output trade-off is time varying and may be unstable. The intertwined dynamic behaviour of fiscal deficit shocks and the unemployment-output trade-off is studied in this article using a time-varying parameter (TVP) vector autoregression
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Valuing intangible outcomes from the Cooperative Research Centres-Projects program Australian Economic Papers (IF 1.452) Pub Date : 2022-10-27 David Noble, Michael B. Charles, Robyn Keast
The growing use of triple helix arrangements to stimulate national systems of innovation (NSIs) for broader economic benefits has largely focussed on quantifiable and compliance-based metrics to evaluate the ‘success’ of industry-university strategic collaborative research ventures. This metrics-focus largely ignores secondary, and even tertiary, outcomes of the collaborative ventures that are difficult
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The effect of Airbnb announcements on hotel stock prices Australian Economic Papers (IF 1.452) Pub Date : 2022-10-10 Sharon Teitler-Regev, Tchai Tavor
The sharing economy model that was developed in the last decade has a major effect on a different aspect of life. The purpose of this research is to test the effect of a sharing economy product on its competitors. Specifically, this study used the event study approach to examine how Airbnb announcements affected hotel stock prices. To accomplish this goal, we used 180 Airbnb announcements to investigate
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Impact of government policy responses of COVID-19 pandemic on stock market liquidity for Australian companies Australian Economic Papers (IF 1.452) Pub Date : 2022-10-02 Talie Kassamany, Bernard Zgheib
This study investigates the impact of government policy responses of COVID-19 pandemic on stock market liquidity for listed Australian companies and for 11 different industries separately. A quantitative deductive approach is used for a sample of 1,452 companies with a total of 292,164 firm-day observations over a period from January 25, 2020 to December 31, 2020 during the outbreak of COVID-19. Univariate
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Preference for job diversity, mixed part-time jobs and voluntary unemployment Australian Economic Papers (IF 1.452) Pub Date : 2022-09-21 Weiguang Liu
This article introduces job diversity preference into Hoteling's location model to explain individuals' displeasure with work. The mixed part-time jobs (MPJ) can be regarded as more diversified products firms can offer at a higher cost. Individuals pay the product (jobs) with their productivity. We intend to explain: (a) Why some individuals prefer not to work in only single full-time jobs (SFJ) cases;
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The Korea-Vietnam trade and the bilateral exchange rate: Asymmetric evidence from commodity trade data Australian Economic Papers (IF 1.452) Pub Date : 2022-08-25 Jungho Baek, Jee Hee Yoon
The contribution of the current article is to detect the asymmetric impact that exchange rate fluctuations have on Korea's trade with Vietnam. To this end, the nonlinear autoregressive distributed lag (NARDL) process is applied to export and import data disaggregated by 25 commodities. We uncover that the ups and downs of exchange rates have an asymmetric impact on some, though not all, types of Korea's
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Whose policy uncertainty affects commodity trade between Australia and the United States? Australian Economic Papers (IF 1.452) Pub Date : 2022-08-17 Mohsen Bahmani-Oskooee, Ridha Nouira, Sami Saafi
Recent studies are assessing the impact of news-based policy uncertainty measure on trade flows between countries. In this paper we add to this new literature by investigating the symmetric and asymmetric effects of Australian policy uncertainty index and the U.S. index on trade flows of 63 two-digit industries that trade between the two countries. When we estimated a symmetric and linear model for
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Factors affecting the growth of small privately-owned financial planning businesses Australian Economic Papers (IF 1.452) Pub Date : 2022-08-17 Darren A. Pawski, Robert J. Powell, Anna Golab
Over the past 10 years, there have been many financial scandals in the financial advice industry, which has caused substantial losses for investors. Large wealth institutions controlled by major Australian banks have significantly contributed to investor losses by promoting their products which were not always in the best interests of clients. The aim of this study was to explore the factors affecting
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When a compromise gets compromised by another compromise Australian Economic Papers (IF 1.452) Pub Date : 2022-08-10 Jan Libich, Dat Thanh Nguyen
In many situations it is difficult to avoid a conflict and cooperate with others, even when all parties would like to do so. We show that while having one coordination device tends to be beneficial, having more of them may actually make things worse. Our game theoretic analysis examines the relationship between two widely used coordination devices, namely the focal point and leadership. However, instead
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Asymmetric reactions in the tourism-led growth hypothesis Australian Economic Papers (IF 1.452) Pub Date : 2022-06-29 Nikeel Nishkar Kumar, Arvind Patel, Sean Kimpton, Antony Andrews
In this study, we test for asymmetries in the tourism-led growth hypothesis. Asymmetric causality tests allow us to examine whether positive or negative changes in tourism cause growth. Our specification is based on an extended Solow growth model and draws from recent articles on tourism and growth. Using Tonga as a case study over the period 1981–2018, we find that tourism asymmetrically Granger causes
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How do FDI inflows curvilinearly affect carbon emissions? Threshold effects of energy service availability and cleanliness Australian Economic Papers (IF 1.452) Pub Date : 2022-06-22 Fuzhong Chen, Guohai Jiang, Kangyin Dong
To examine the relationship between foreign direct investment (FDI) inflows and carbon emissions from the perspective of the threshold effects of energy service availability and energy consumption cleanliness, this study employs the panel data of 16 Regional Comprehensive Economic Partnership member countries for the period 1990–2019. Using panel threshold models, this study finds that energy service
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Persistence analysis of research intensity in OECD countries since 1870 Australian Economic Papers (IF 1.452) Pub Date : 2022-06-21 Sakiru Adebola Solarin, Gema Lopez, Luis A. Gil-Alana
This paper analyses the persistence of research intensity in the OECD over the period 1870–2018. The goal is to test if the conclusion of the study conducted by Ang and Madsen (Ang, J. B., & Madsen, J. B. (2011). Can second-generation endogenous growth models explain the productivity trends and knowledge production in the Asian miracle economies? The Review of Economics and Statistics 2011, 93(4),
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The effect of sanitation and safe drinking water on child mortality and life expectancy: Evidence from a global sample of 100 countries Australian Economic Papers (IF 1.452) Pub Date : 2022-05-05 Mallesh Ummalla, Asharani Samal, Abdulrasheed Zakari, Sathu Lingamurthy
This paper aims to answer two important questions: first, does child mortality reduce with better access to sanitation and safe drinking water? second, does life expectancy improve by adopting safer sanitation and drinking water facilities? The study also accounts for other important variables in the models, such as household final consumption expenditure, per capita income, and urbanisation. The study
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Geoff Harcourt (27.6.1931 to 7.12.2021) Australian Economic Papers (IF 1.452) Pub Date : 2022-05-04 Tim Harcourt
Geoff Harcourt was an Australian economist who split his time between Australia and Cambridge, UK with stints in Toronto, Canada and Tokyo, Japan. He passed away on 7th December 2021 aged 90 after several illnesses that had plagued his health since his early sixties after a particularly vigorous and active sports loving middle age. He regarded himself as ‘a Cambridge economist and an Australian patriot’
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Methods to evaluate institutional responses to performance-based research funding systems Australian Economic Papers (IF 1.452) Pub Date : 2022-05-01 Robert A. Buckle, John Creedy
Performance-based research funding systems (PBRFS) have been introduced in many countries for allocating funding to research institutions. There continues to be considerable debate about the effectiveness and consequences of these systems. This paper suggests several methods that can be applied to evaluate how institutions respond to new incentives created by the introduction of a PBRFS. The methods
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Quantifying the economy-wide returns to innovation for Australia Australian Economic Papers (IF 1.452) Pub Date : 2022-04-23 Katherine Wynn, Mingji Liu, Jasmine Cohen
Innovation plays a vital role in driving Australia's economic growth, and the desire to quantify this relationship is ever present. This article quantifies the relationship between domestic gross expenditure on research and development (R&D) and gross domestic product (GDP) per capita growth to estimate the return on investment (ROI) to innovation for Australia. This article adopts the Jones and Summers