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Modeling the Employment Decisions of Young Men and Women in Eleven European Countries: An Application of Random Utility Theory and Revealed Preference Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-11 Radha Jagannathan, Michael J Camasso, Jocelyn LaFleur, Simona Monteleone
In this paper we examine the decisions of over 15,000 young adults aged 18-35 from nine European countries to choose employment over unemployment or remaining in education. Instead of focusing only on who makes those decisions as is typically done, we attempt to answer the question of why a particular decision is made. Using data from the Cultural Pathways to Economic Self-sufficiency and Entrepreneurship
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Analyzing the Degree Persistence of Shocks to Energy Security of the G7 Countries: Evidence Using Panel SPSM-Quantile Unit Root Test Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-10 Yi Fan, Omid Ranjbar
Energy security is affected by extreme natural, human, domestic political, geopolitical, and fossil energy price shocks/events and green energy policies. The degree of persistence in energy security determines the magnitudes of social, economic, and environmental outcomes of the shocks/policies. In this paper, we examined the degree of persistence in energy security of G7 countries using a new proxy
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The impact of economic sanctions on the COVID-19 pandemic Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-05 Mo Chen, Wei-Xian Xue, Xin-Xin Zhao, Chun-Ping Chang, Xiaoxia Liu
It is important to examine how international economic sanctions affect public health responses and outcomes during the COVID-19 pandemic, highlighting the need for effective global health strategies amidst geopolitical tensions. This research empirically examines how economic sanctions affect the spread of the COVID-19 epidemic in target countries for the period February 1, 2020 to December 31, 2022
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Towards financial inclusion: Trust in banks’ payment services among groups at risk Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-01 Marie-Claire Broekhoff, Carin van der Cruijsen, Jakob de Haan
Using unique payment diary survey data, this paper analyses trust in the Dutch payment system (broad-scope trust) and trust in the payment services of customers’ own bank (narrow-scope trust) among several customer groups at risk of being financially excluded due to the ongoing digitalisation. We specifically research people who have low digital skills, face financial challenges, or have a disability
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How do conflicts affect energy security risk? Evidence from major energy-consuming economies Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-29 Sana Ullah, Giray Gozgor, Zhou Lu
Conflicts, whether internal or external, have the ability to increase energy security risks. Given this background, this paper investigates the impact of conflicts on energy security risks in the panel data of 40 major energy-consuming economies from Asia, America, Europe, and Africa by employing the Cross-sectionally augmented Autoregressive Distributed Lag model from 1996 to 2021. The results show
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Misspecified expectations in an open economy Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-27 Yusuf Ömür Yılmaz, Cumhur Çiçekçi
In the past two decades, Turkey has experienced multiple changes in its monetary policy regime. To analyse how these policy changes affect the behaviours of households and firms, some behavioural parameters are incorporated into a small open economy New Keynesian model. Our approach consists of four phases. First, we assess the impacts of the behavioural parameters on the model and find that higher
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Heterogeneity in population and values and water pollution clean-up: The Ganges in Kanpur and Varanasi, India Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-27 Amitrajeet A. Batabyal, Seung Jick Yoo
We utilize the public good features of Ganges water pollution clean-up and conduct a game-theoretic analysis of an economy consisting of two Indian cities, Kanpur and Varanasi, through which the Ganges flows. We show how heterogeneity in the two cities in and the placed on pollution clean-up determines whether clean-up ought to be centralized or decentralized. Under decentralization, in several scenarios
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Climate commitments and financial moderation: A deep dive into renewable energy's influence on OECD carbon footprints Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-23 Hassan Hassan, Shanwu Tian, Adnan Safi, Muhammad Umar
The emphasis placed on climate change at the COP28 summit highlights the need for a deeper understanding of the factors influencing sustainable development. Therefore, this study utilizes data from 27 OECD countries from 1992 to 2020 to investigate the complex relationships among renewable energy consumption (RE), environmental regulations (ER), financial efficiency (FE), and trade-adjusted carbon
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Analysis of energy policy reform in Iran: Energy and emission intensity changes Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-19 Hasan Raei, Abbas Maleki, Zakariya Farajzadeh
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Is carbon footprint reduction always preferred over offsetting? An analysis of tourists' preferences in the Mallorca region Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-14 Llorenç B. Femenias Rosselló, Angel Bujosa Bestard, Antoni Riera Font
This research is devoted to the analysis of tourists’ preferences for climate change (CC) mitigation policies in the Mallorca region. The stated choice experiment, used for evaluation, was designed combining a set of alternatives, characterised by carbon footprint reduction and offset policies, taking into account the existence of environmental direct benefits, but also indirect benefits that improve
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Immigrant-native gaps of unemployment and permanent employment in Japan Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-11 Yang LIU
The Japanese government has made a significant effort to attract foreign talents to live and work in Japan, but did not pass laws to prohibit ethnic discrimination. Since the employment status of permanent immigrants living in Japan is still unclear, this study uses large-scale population census data to examine this issue based on a theoretical model of unemployment. First, as illustrated in our descriptive
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Agricultural marketing channels and market prices: Evidence from high-value crop producers in India Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-09 Alexis H. Villacis, Thomas Kopp, Ashok K. Mishra
Smallholders in developing and emerging economies face significant challenges when marketing fruits and vegetables. Over the past decades, governments have increased efforts to provide smallholders with marketing outlets, including contracting firms and government-supported outlets like “mandis” in India. This study examines the marketing outlet choices of fruit and vegetable producers in this region
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Do green finance and hi-tech innovation facilitate sustainable development? Evidence from the Yangtze River Economic Belt Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-07 Lixia Zhang, Huaping Sun, Putian Long, Hui Sun, Zhenling Chen
Green finance and high-tech innovation can independently contribute to sustainable development, but their combined impact on the mechanism of regional sustainable development requires further exploration. This study constructed a sustainable development index from the perspectives of economic development, ecological environment, and social satisfaction. It empirically analyzes the impact of green finance
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From the pandemic to the Russia–Ukraine crisis: Dynamic behavior of connectedness between financial markets and implications for portfolio management Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-03 Mohamed Yousfi, Ramzi Farhani, Houssam Bouzgarrou
This study assesses the time-varying connectedness and portfolio implications among equity markets, commodities, and cryptocurrencies. To this end, we employ the DCC-GARCH model and time-frequency framework on daily data. The sample covers a period spanning from January 2018 to October 2023. The results confirm the existence of financial contagion evidence during the pandemic outbreak and the Russian
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Can digital transformation of services promote participation in manufacturing global value chains? Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-03 Zhaobin Fan, Ruimin Bian, Sajid Anwar
Using data from 17 manufacturing industries in 65 countries (regions) spanning the period 2000-2018, this paper investigates the impact of digital transformation in services on the participation of manufacturing industries in global value chains (GVCs). Empirical analysis reveals that by reducing trade costs and improving production efficiency in manufacturing industries, digitalization of services
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Climate change and economic policy uncertainty: Evidence from major countries around the world Econ. Anal. Policy (IF 4.444) Pub Date : 2024-02-02 Yongji Zhang, Lingxi Liu, Minghui Lan, Zhi Su, Ke Wang
Countries have implemented a series of economic policies to address the economic threats arising from climate change. We investigate the impact of climate change on economic policy uncertainty and explore the mechanisms and heterogeneity of the impact by constructing the grid area-weighted average temperatures based on monthly panel data of 20 major global economies during 1997-2017. We find that climate
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Diversification's effect and manager experience on investment efficiency Econ. Anal. Policy (IF 4.444) Pub Date : 2024-01-19 Hsiao-Fen Hsiao, Jinquan Tang, Conghua Wen
This paper discusses whether diversification is the optimal business strategy for a firm and whether diversification leads to efficient fund allocation. The analysis reveals that bad divisions in diversified firms exhibits over-investment with higher investment levels than ineffective specialized firms. Meanwhile, good divisions of diversified firms shows lower investment levels than effective specialized
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Do mandatory environmental policies really work? A case study of California's mandatory commercial recycling law Econ. Anal. Policy (IF 4.444) Pub Date : 2024-01-19 Macson O. Ogieriakhi, Xingguo Wang
Increased volumes of solid waste disposal continue to take their toll on US landfills which potentially have very dire consequences, especially regarding increased greenhouse gas emissions from methane and carbon dioxide. The objective of this research is to find out if mandatory recycling policies, such as the one implemented by California in 2012, have a significant reductive effect on landfill waste
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Racial disparities in labor outcomes: The effects of hiring discrimination over the business cycle Econ. Anal. Policy (IF 4.444) Pub Date : 2024-01-08 Florian Kuhn, Luis Chanci
The resume audit literature provides strong evidence of discriminatory practices in hiring, raising critical concerns regarding equitable labor market outcomes. While the impacts of these practices on disparities in labor market levels are better understood, their cyclical effects are less known. In this paper, we research how hiring discrimination affects the volatility of labor market outcomes for
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Interrelationships of renewable energy zones in Queensland: localised effects on capacity value and congestion Econ. Anal. Policy (IF 4.444) Pub Date : 2024-01-09 Paul McDonald
Renewable Energy Zones (REZ) are in the early stages of implementation in Australia's National Electricity Market (NEM) as a means of expediting transmission investment and facilitating new renewable generation capacity. This research explores the interrelationships and seasonal behaviour of nine proposed REZ across the Queensland region of the NEM. Assessment of the seasonal variable renewable energy
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Carbon Market and corporate financing behavior-From the perspective of constraints and demand Econ. Anal. Policy (IF 4.444) Pub Date : 2024-01-11 Yizhong Wu, Xiaoxing Liu, Chun Tang
In the context of the development of the Low-Carbon Economy, the Carbon Market is an important way to guide enterprises to actively participate in environmental governance and promote enterprises to achieve green transformation. In this study, the first group of electric power industry companies participating in the carbon market on July 16, 2021, was selected as the treatment group. And the diffe
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Adapting to the gig economy: Determinants of financial resilience among “Giggers” Econ. Anal. Policy (IF 4.444) Pub Date : 2024-01-03 Siti Nurazira Mohd Daud, Zaiton Osman, Shamzaeffa Samsudin, Ing Grace Phang
The growth of Malaysia's gig sector has been driven by the flexibility of gig work, digitalization, and the rise in unemployment. However, the lack of social protection and insurance has underscored the importance of understanding gig workers’ financial resilience. This study examined the current state of Malaysian gig workers’ financial resilience and identified its components. Analyzing responses
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The redistributive impact of consumption taxation in the EU: Lessons from the post-financial crisis decade Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-29 Sofia Maier, Mattia Ricci
During the 2010–2019 decade, consumption taxes have risen in the vast majority of the EU Member States as a result of austerity measures, tax shifts as well as taxing transport and housing-related energy consumption. The redistributive impact of these policy changes remains mostly unexplored. In this paper, we provide new empirical evidence on the redistributive effect of changes in VAT and excises
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Measuring Innovativeness: A ranking of the ordinal utility from consumption is more robust than either of ‘outcomes of commercialization’ or patent counts Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-23 Oghenovo A. Obrimah
This study provides formal theoretical evidence that patent counts are not robust measures of the innovativeness of economic agents. Study inferences are rationalized by two complementary insights, the first quantitative, the second qualitative. Whereas, feasibly the assumption that the distribution of patent counts is quasiconcave surmounts the quantitative rationale, the qualitative rationale – Net
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Renewable hydrogen requirements and impacts for network balancing: A Queensland case study Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-12 Phillip Wild, Lucas Skoufa, Nancy Spencer
Hydrogen is the gas of the moment: an abundant element that can be created using renewable energy, transported in gaseous or liquid form, and offering the ability to provide energy with only water vapour as an emission. Hydrogen can also be used in a fuel blend in electricity generation gas turbines providing a low carbon option for providing the peak electricity to cover high demand and firming. While
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Linking farmers to markets: Assessing small-scale farmers' preferences for an official phytosanitary regime in the Kyrgyz Republic Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-16 Gulkaiyr Saparova, Ghulam Dastgir Khan, Niraj Prakash Joshi
Small-scale farmers are integral to Kyrgyz agriculture, contending with challenges such as low productivity, market entry barriers, and financial constraints. Most of these farmers are hindered by phytosanitary restrictions preventing direct exports of their products. Granting smallholders direct access to regional markets could significantly enhance their economic prospects. However, the specific
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Utility of inequality sensitive measures of the gender wage gap: Evidence from South Africa Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-16 Adeola Oyenubi, Jacqueline Mosomi
We examine the trend in the gender wage gap in South Africa taking into consideration the high level of general inequality in the country. To do this, we utilize the information-theoretic approach of the Generalised Entropy (GE) measures of divergence supplemented by stochastic dominance analysis and tests. Under this approach, male and female wage distributions are summarized by suitable evaluation
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Analyzing market power of the agricultural industry in Asia Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-10 Adrián Rodríguez del Valle, Esteban Fernández-Vázquez
The study of market power in the primary foods industry is of high interest to policymakers seeking to help develop low-income countries, due to its potential source to create market inefficiencies and hamper economic development. Recent studies have provided ample empirical evidence, that market power has been increasing nearly continuously since the 1980s. Nevertheless, due to the (un)availability
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The impact of antiretroviral treatment on the relationship between HIV/AIDS and economic growth Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-05 Mashudu Lucas Bidzha, Nicholas Ngepah, Talita Greyling
Although there is sufficient evidence to suggest that HIV/AIDS impedes economic growth, there is limited evidence on the nature of the relationship in a setting characterised by scale-up of antiretroviral treatment (ART). Using data from nine provinces over the period 1995 to 2019, we examine the impact of ART on the HIV/AIDS-real GDP per capita relationship in South Africa. We employ both linear and
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Risk contribution to deposit insurance: Evidence from commercial and cooperative banks in the Eurozone Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-05 Pilar Gómez Fernández-Aguado, Antonio Partal Ureña, Eduardo Trigo Martínez
This paper analyses how the risk of commercial and cooperative banks influences the European Deposit Guarantee Scheme (EDIS) to assess the appropriateness of a differentiated contribution regime. Evidence shows that these institutions have different objectives, ownership structures and operational approaches that impact their risk profile. As a result, a single regulatory approach may not be appropriate
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The effects of state-level foreign manufacturing imports on domestic inter-state and intra-state sales in the U.S.A Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-02 Nawaraj S. Paudel, Sajal Lahiri
United States is the largest importer of goods in the world. Imports of capital goods, industrial machinery, and automotive parts account around 90 percent of total imports. Imports of intermediate inputs are often the catalyst for increased domestic economic growth. Using the well-known structural gravity model and Commodity Flow Survey (CFS) data on domestic trade in the United States for the years
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The role of higher education and institutional quality for carbon neutrality: Evidence from emerging economies Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-05 Liya Zheng, Muhammad Umar, Adnan Safi, Nada Khaddage-Soboh
Economic development is frequently held accountable for environmental degradation, a situation that is particularly dire in E-7 economies. This problem is further exacerbated by inadequate education on its repercussions. Previous studies have explored various socioeconomic determinants of CO2 emissions, but the effects of education and institutional quality remain underexplored. Using data from 1995
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Determinants of global carbon emission and aggregate carbon intensity: A multi-region input−output approach Econ. Anal. Policy (IF 4.444) Pub Date : 2023-12-05 Chengzhen Xu, Qingyuan Zhu, Xingchen Li, Liangpeng Wu, Ping Deng
A deep understanding of the drivers behind aggregate carbon indicators, including carbon emissions and carbon intensity, is essential for achieving low-carbon economic growth. However, integrated analysis incorporating both indicators remains limited. Using a multi-region input-output model and structural decomposition analysis, we examine the determinants behind the changes in carbon indicators during
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A theoretical framework for modeling dual-track granting orientation in green credit policy Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-29 Sheng Wu, Xiaoyong Zhou
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Effects of bid protests against government agencies on firm performance: Role of interorganisational relationship Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-29 Daeyong Lee, Ju-Yeon Lee, Brett W. Josephson
Government contracting officers (purchasing agents) are imperfect actors who may distort the procurement processes due to their individual preferences or biases. As a means of adjudicating this issue, firms may file legal protests against them. While previous studies analysed the effects of monitoring behaviour on procurement outcomes, the underlying mechanisms remain obscure. We overcome this limitation
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Australian energy policy decisions in the wake of the 2022 energy crisis Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-24 Jonty Flottmann
Large economies are trying to shift their energy procurement from fossil dependence to renewable sources. In 2022 global commodity markets saw rapid price increases due to Russia's invasion of Ukraine and subsequent economic barriers on Russian commodity exports. Australia was not immune to these commodity price rises. Throughout the last decade Australia has become increasingly exposed to global energy
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Does environmental policy matter for renewable energy production and economic activity? Evidence from Granger causality in quantiles Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-21 Chi-Chuan Lee, Yong-Yi Li
The rapid development of renewable energy and the increasing significance of environmental policy have spurred scholarly interest in their economic and environmental implications. The present research extends existing literature beyond previous energy–growth debates by analyzing the causal linkages among environmental policy, renewable energy, and economic activity in the United States from January
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Linking Spanish wine farmers to international markets: Is direct export better than indirect export in improving farm performance? Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-21 Marta Fernández-Olmos, Wanglin Ma, Pecheux-Livat Florine
Selecting an appropriate export channel is one of farmers' most important strategic decisions as it determines farm performance. Although direct and indirect exports are two important channels linking farmers to international markets, little is known about whether direct export is better than indirect export in improving farm performance. This study addresses this research gap by analyzing the impact
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On the impact of targeted and universal electricity concessions policy on fuel poverty in the NEM's Queensland region Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-16 Paul Simshauser, Wendy Miller
In Australia's National Electricity Market (NEM), households have faced markedly higher electricity prices following the 2022 war in Ukraine and subsequent energy crisis. Forward prices for coal and gas increased sharply, trading at multiples of historic averages. While initially sheltered to wholesale price shocks through regulatory lag, retail electricity tariffs rose by more than 30% for the 2024
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Nature dependence and seasonality change perceptions for climate adaptation and mitigation Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-14 Moinul Islam, Koji Kotani, Shunsuke Managi
Global climate change is a scientifically demonstrated phenomenon, but there are discrepancies in societies about how people perceive it. People’s correct perceptions to climate change are necessary for their cooperative acts and behaviors toward adaptation and mitigation. While most research in this regard focuses on temporal trends of specific climate variables, e.g., temperature and rainfall, in
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Reciprocity in migration policy and labor market integration: A lab experiment Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-13 Kerstin Mitterbacher, Jürgen Fleiß, Stefan Palan
We experimentally study policy variations to examine economic migrants’ willingness to relocate to, and take up work in, a destination country, and, in turn, destination country citizens’ willingness to allow economic migrants to relocate to and pursue formal work in their country. We focus on economic migrants coming from less developed countries and citizens of more developed destination countries
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How to improve global environmental governance? Lessons learned from climate risk and climate policy uncertainty Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-07 Yanpeng Sun, Yuru Song, Chi Long, Meng Qin, Oana-Ramona Lobonţ
Investigating the conduction mechanism between climate risk and climate policy uncertainty is crucial to enhance global environmental governance. The analysis uses the full- and sub-sample methodologies to recognise the correlation between Southern Oscillation Index (SOI) and U.S. climate policy uncertainty (CPU). The quantitative analysis shows favorable and adverse effects from SOI to CPU, where
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Validity of the Meltzer and Richard hypothesis under captured democracy and policy regime hypotheses Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-08 Sung Jin Kang, Hwan-Joo Seo
The well-known Meltzer and Richard (1981) hypothesis proposes that median voters are more likely to support redistribution policies that reduce income inequality when the gap between pre-tax income and mean income increases. Despite the academic influence this hypothesis has had, empirical studies demonstrate that the relationships between democracy, redistribution, and inequality are far more complex
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How credible is average and symmetric inflation targeting in an episode of high inflation? Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-07 Bodo Herzog
This article examines the risks and societal costs associated with flexible average inflation targeting in the United States and symmetric inflation targeting in the Eurozone. Employing an empirical approach, we analyze monthly cumulative inflation gaps over a monetary policy horizon of 36 months. By investigating the trajectories of the cumulative inflation gaps, we find a heavy tailed distribution
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Exchange rate pass-through in emerging Asia and exposure to external shocks Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-03 John Beirne, Nuobu Renzhi, Pradeep Panthi
Using a time-varying parameter SVAR model over the period 1994 to 2021, this paper provides estimates of exchange rate pass-through (ERPT) to both producer and consumer prices for nine emerging Asian economies. We also examine the role of four global shocks as propagation channels to both producer and consumer price ERPT, specifically via oil prices, global output, US monetary policy, and the VIX.
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Gender division of household workforce in Vietnam: Role of international trade and fertility Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-04 Thang T. Vo, Thiet-Ha Truong
This study compares the effects of international trade and fertility on the gender gap in the household workforce in Vietnam from 2002 to 2016. The results reveal that having children prevents women from entering the labor market, although international trade has opened more job opportunities for them. The ratio of working hours of wives to husbands only increases if their child is aged >6 years. Further
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Does the implementation of a Pigouvian tax be considered an effective approach to address climate change mitigation? Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-02 Alina Georgiana Manta, Nicoleta Mihaela Doran, Roxana Maria Bădîrcea, Gabriela Badareu, Alexandra Mădălina Țăran
This paper investigates the viability of environmental taxes as a means to mitigate greenhouse gas emissions within the European Union (EU) using the panel threshold model on two balanced panel data comprising countries from the European Union: the Northern and Western countries and Southern and Eastern countries for the period 2000–2020. The study's empirical results support the Pigouvian theory for
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The impact and regional heterogeneity analysis of tourism development on urban-rural income gap Econ. Anal. Policy (IF 4.444) Pub Date : 2023-11-02 Yueyue Wang, Hengrui Bai
Based on the panel data of 204 cities from 2008 to 2020, the study first uses the mixed OLS model and two-way fixed effect model to verify the direct impact of tourism on the urban-rural income gap. Next, we employ the instrumental variable method, as well as estimation methods such as 2SLS and GMM, to test for endogeneity problem present in the study. Furthermore, the mediating effect model is used
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Market participation and pastoral welfare in drought-prone areas: A dose-response analysis Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-29 Asresu Yitayew, Girma T. Kassie, Yigezu A. Yigezu
The low market participation of pastoral livestock producers is a challenge to the development of a climate-resilient economy in drought-prone areas. Without deliberate and well-designed efforts to transform livestock production into a thriving profit-oriented commercial business, the development of pastoral societies will remain far-fetched. By applying bivariate selection model and dose-response
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The importance of having a more realistic welfare transfer determination rule: A CGE analysis for Ireland Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-27 Aykut Mert Yakut, Kelly de Bruin
While unemployment benefits constitute a significant share of welfare transfers in developed countries, the computable general equilibrium (CGE) literature ignores the impact of unemployment rate changes on these transfers. This paper investigates the impacts of alternative welfare transfer determination rules by using a dynamic CGE model for Ireland. We find that indexing the nominal welfare transfer
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Macroprudential Policy and mortgage leverage decisions—Evidence from micro data Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-17 Asish Saha, Debasis Rooj, Reshmi Sengupta
This paper examines the behavioral responses of mortgage loan borrowers to Macroprudential Policy (MPP) its transmission channel, and the lag effect. We also explore the effectiveness of lender-based instruments Using borrower-level loan data from an Indian bank with a national presence from 2010 to 2021, we find that MPP tightening leads to a decline in borrower leverage. The impact is primarily channeled
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Spatial externality of journalism on carbon efficiency: A quasi-natural experiment based on interplay of journalism-based professionally generated content and digital economy Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-17 Da Huo, Xiaotao Zhang, Chao Hu, Aidi Tang, Yongchuan Chen, Fang Chen, Zhanming Chen, Weiyin Xu
The involvement of journalism-based professionally generated content (JPGC) in social economic development is important to further enhancement of low carbon economy. This research studied the spatial externality of journalism-based professional generated content (JPGC) on carbon emission efficiency, and analyzes the interplay effect of journalism-based professional generated content (JPGC) and digital
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Unhedged risk in hybrid energy markets: Optimising the revenue mix of Australian solar Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-16 Nicholas Gohdes
Australia is facing a historic investment challenge, with an estimated $1.2 to $1.5 trillion in newly invested capital required by 2030 in order to meet 2050 decarbonisation targets. In response policy makers have begun “re-entering” energy markets, which were deregulated and privatised in the 1990’s. Public auctions for State-backed ‘Contracts-for-Differences’ (CfDs) now act as a key policy tool to
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Compensation schemes for plant quarantine pest costs: A case study for Germany Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-16 Anna Filiptseva, Günther Filler, Martin Odening
Plant quarantine pests worldwide cause considerable economic damage due to direct plant losses, eradication costs, and contamination measures. Although these losses can threaten the survival of a farm, no country to date has a universal compensation solution that encompasses all agricultural sectors. This paper aims to assess various compensation options by, firstly, calculating potential monetary
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The impact of the Brexit referendum on UK’s value-added exports: A structural decomposition Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-14 Enrique Feás
This article uses for the first time inter-country input–output data and a structural decomposition method to assess the impact of the 2016 Brexit referendum on the United Kingdom’s value-added exports. We find that final demand explains less than 30% of the 6.9-point decline in the UK’s value-added exports in 2016 (with a market share loss that offset the positive impact of global demand), whereas
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Is euro area at full employment ? — A diagnosis from the Beveridge curve Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-10 Jean Fernand Leythienne
We propose a simple and robust method to assess if an economy is at full employment, in real time. For this purpose, we first prove that the Beveridge curve is a rectangular hyperbola with one single parameter equal to the square of the mismatch unemployment rate. We apply this equation to obtain a breakdown of the unemployment rate in the euro area and to study how mismatch unemployment and the unemployment
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The increased interest in Bitcoin and the immediate and long-term impact of Bitcoin volatility on global stock markets Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-06 Walter Bazán-Palomino
Recently retail and institutional investors have begun to include Bitcoin in their portfolios, creating a transmission channel for Bitcoin volatility and therefore increasing regulatory concerns. Using intraday data from 2013 to 2022, I propose a dynamic econometric model to examine the extent to which Bitcoin volatility is transmitted to stock markets in North America, Europe, and Asia-Pacific at
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The impact of financial insecurity on self-reported health: Europe in cross-national perspective Econ. Anal. Policy (IF 4.444) Pub Date : 2023-10-02 Maite Blázquez, Ana I. Moro-Egido
Using the EU-SILC 2008 module on over-indebtedness and financial exclusion, this paper analyses how perceived future-orientated economic insecurity alters individual self-assessed health (SAH), once controlling for past and current financial situation in a range of European countries. Those effects differ by gender and by country. Our results also suggest that country characteristics explain a larger
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Green finance and economic resilience: Investigating the nexus with natural resources through econometric analysis Econ. Anal. Policy (IF 4.444) Pub Date : 2023-09-28 Zhenzi Cao, Ling Tao
The relationship between financial practices, ecological well-being, and economic resilience has received a lot of attention at a time when environmental sustainability and economic stability are significant issues. Exploring the nexus among green finance, economic resilience, and natural resources within the BRICS economies during the period 2000–2021, this study employs Quantile regression. This
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The impact of green quality of the energy consumption on carbon emissions in the United States Econ. Anal. Policy (IF 4.444) Pub Date : 2023-09-27 Chi Keung Lau, Mantu Kumar Mahalik, Kashif Nesar Rather, Giray Gozgor
This paper investigates the impact of energy consumption’s Green Quality Index (GQI) on carbon dioxide (CO2) emissions in the United States from 1970 to 2021. At this point, the estimated models control for the effects of gross domestic product (GDP) per capita, urban population, and globalization on CO2 emissions. The Autoregressive Distributed Lag estimations demonstrate that GQI and globalization