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Output, employment, and price effects of U.S. narrative tax changes: a factor-augmented vector autoregression approach Empirical Economics (IF 2.647) Pub Date : 2024-04-17 Masud Alam
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The impact of robots on labor demand: evidence from job vacancy data in South Korea Empirical Economics (IF 2.647) Pub Date : 2024-04-16 Hyejin Kim
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Testing the aggregation of goods and services without separability using panel data Empirical Economics (IF 2.647) Pub Date : 2024-04-15 Manami Ogura
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Macroeconomic, industry-specific and bank-specific determinants of the profitability of Brazilian banks: dynamic panel evidence Empirical Economics (IF 2.647) Pub Date : 2024-04-10 Leandro Coghi Bernardelli, Carlos Enrique Carrasco-Gutierrez
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Asynchronous fieldwork in cross-country surveys: an application to physical activity Empirical Economics (IF 2.647) Pub Date : 2024-04-05 Stavros Poupakis, Francesco Salustri
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How to detect what drives deviations from Benford’s law? An application to bank deposit data Empirical Economics (IF 2.647) Pub Date : 2024-04-03
Abstract The Newcomb-Benford law states that the frequency of different leading significant digits in many datasets typically follows a specific distribution. Deviations from this law are often a sign of data manipulation. There has been no established method to test whether the non-reliability of observations depends on some potential explanatory variables. A novel method to address this issue is
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The dynamic connectedness between collateralized loan obligations and major asset classes: a TVP-VAR approach and portfolio hedging strategies for investors Empirical Economics (IF 2.647) Pub Date : 2024-04-02
Abstract Motivated by the increasing demand for alternative assets that can contribute to reducing portfolio risk, this paper examines the volatility spillovers between collateralized loan obligations (CLOs) and various in-demand investment instruments, including equities, bonds, crude oil, commodities, gold, bitcoin, shipping and real estate. The applied methodology comprehends the time-varying parameter
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Hybrid measures of multidimensional poverty Empirical Economics (IF 2.647) Pub Date : 2024-04-01
Abstract In this paper, we propose a hybrid Watts-MPI multidimensional poverty measure that combines the multidimensional Watts poverty index (MWPI), which can accommodate continuous poverty dimensions, with the multidimensional poverty index (MPI), which can accommodate binary poverty dimensions. Unlike the stand-alone MPI that entails total loss of dimension-specific information on both poverty intensity
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Assessing the financial impacts of significant wildfires on US capital markets: sectoral analysis Empirical Economics (IF 2.647) Pub Date : 2024-03-28 Tchai Tavor
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Endogeneity-corrected stochastic frontier with market imperfections Empirical Economics (IF 2.647) Pub Date : 2024-03-27
Abstract While the product and labour market imperfections reveal efficiency losses, they may influence technology adoption and its change, raising the endogeneity issue of productivity and efficiency estimates. Using a two-step approach, this work offers the endogeneity-corrected stochastic frontier for such a contemporaneous relation and accounts for efficiency and productivity losses due to market
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Institutions and carbon emissions: an investigation employing STIRPAT and machine learning methods Empirical Economics (IF 2.647) Pub Date : 2024-03-24
Abstract We employ an extended Stochastic Impacts by Regression on Population, Affluence and Technology (STIRPAT) model combined with the environmental Kuznets curve and machine learning algorithms, including ridge and lasso regression, to investigate the impact of institutions on carbon emissions in a sample of 22 European Union countries over 2002 to 2020. Splitting the sample into two: those with
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Educational choice, initial wage and wage growth Empirical Economics (IF 2.647) Pub Date : 2024-03-21 Hans van Ophem, Jacopo Mazza
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Reasons for college major-job mismatch and subsequent job mobility and earnings growth Empirical Economics (IF 2.647) Pub Date : 2024-03-19 Shengjun Jiang
This study examines the heterogeneity in job mobility and earnings growth among workers who were mismatched in their previous jobs due to different reasons. Mismatched is defined as working in jobs that are not related to the highest degree field. Using a panel dataset derived from the National Survey of College Graduates, I find that workers who were previously mismatched due to the unavailability
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Indirect estimation of the monthly transport turnover indicator in Italy Empirical Economics (IF 2.647) Pub Date : 2024-03-19 Barbara Guardabascio, Filippo Moauro, Luke Mosley
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Do the export reactions to exchange rate and exchange rate volatility differ depending on technology intensity? New evidences from the panel SVAR analysis Empirical Economics (IF 2.647) Pub Date : 2024-04-01 Caglayan Aslan, Ferdi Akpiliç
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Global liquidity spillovers in the Asia–Pacific region: policy-driven versus market-driven effects Empirical Economics (IF 2.647) Pub Date : 2024-03-15 Chau Le, Huyen Nguyen, Duc Vo
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A joint test of predictability and structural break in predictive regressions Empirical Economics (IF 2.647) Pub Date : 2024-03-05
Abstract This paper explores a joint test of predictability and one-time structural break, both of which are assumed to be absent under the null hypothesis. The test combines IVX estimator with a sup-Wald-type statistic. The limiting distribution of the test statistic is expected to be non-pivotal under (near-)integration. Nevertheless, for univariate cases, the distribution is highly insensitive to
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A real-time regional accounts database for Germany with applications to GDP revisions and nowcasting Empirical Economics (IF 2.647) Pub Date : 2024-03-05
Abstract Accurate real-time macroeconomic data are essential for policy-making and economic nowcasting. The rising interest in analyses at the sub-national level cannot be served as such data are currently not available. In this paper, I introduce a real-time database for German regional economic accounts. The database contains real-time information for nine macroeconomic aggregates and the 16 German
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Improved inference for interactive fixed effects model under cross-sectional dependence Empirical Economics (IF 2.647) Pub Date : 2024-03-02 Zhenhao Gong, Min Seong Kim
This paper proposes an inference procedure for the interactive fixed effects model that is valid in the presence of cross-sectional dependence. When the error terms are cross-sectionally dependent, the least square (LS) estimator of this model is asymptotically biased and therefore the associated confidence interval tends to have a large coverage error. To address this, we propose a bias correction
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Evidence of non-fundamentalness in OECD capital stocks Empirical Economics (IF 2.647) Pub Date : 2024-03-02 Antonio Aguirre, Ignacio N. Lobato
This note examines evidence of non-fundamentalness in the rate of variation of annual per capita capital stock for OECD countries in the period 1955–2020. Leeper et al. (2013) proposed a theoretical model in which, due to agents performing fiscal foresight, this economic series could exhibit a non-fundamental behavior (in particular, a non-invertible moving average component), which has important implications
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An empirical assessment of effectiveness of the US tobacco control policies: a smoothed instrumental variables quantile regression approach Empirical Economics (IF 2.647) Pub Date : 2024-03-01 Vardges Hovhannisyan, Vahé Heboyan, Magdana Kondaridze
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The shifters of intrahousehold decision-making in European countries Empirical Economics (IF 2.647) Pub Date : 2024-03-01 Juan Carlos Campaña, José Ignacio Giménez-Nadal, José Alberto Molina, Jorge Velilla
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Contagious protests Empirical Economics (IF 2.647) Pub Date : 2024-02-23 Rabah Arezki, Alou Adesse Dama, Simeon Djankov, Ha Nguyen
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Which financial inclusion indicators and dimensions matter for income inequality? A Bayesian model averaging approach Empirical Economics (IF 2.647) Pub Date : 2024-02-23
Abstract This paper employs Bayesian model averaging (BMA) and uses posterior inclusion probability (PIP) values to evaluate which financial inclusion indicators, dimensions, and other determinants of income inequality should be considered in an empirical specification assessing the relationship between financial inclusion and income inequality, given model uncertainty. The results show that for the
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Electoral cycles in tax reforms Empirical Economics (IF 2.647) Pub Date : 2024-02-20
Abstract We examine electoral cycles in tax reforms using monthly data over the period 1990–2018 for 22 advanced economies and emerging markets. We show that governments tend to avoid announcing tax reforms during the months running up to elections. In addition, they become more likely to announce those reforms in the first few months following elections, suggesting that “political capital" and/or
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A mixed-frequency VAR application to studying joint dynamics of foreign investor trading and stock market returns Empirical Economics (IF 2.647) Pub Date : 2024-02-20 Burak Alparslan Eroğlu, Deniz İkizlerli, Numan Ülkü
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Telecommunication capital and productivity growth: further insights using network characteristics and nonlinearities Empirical Economics (IF 2.647) Pub Date : 2024-02-20
Abstract Recent literature gives emphasis on the services provided by telecommunication capital which might be subject to internal and external-networking effects, as well as costly irreversible investment pointing out to a more important and complicated effect from these services on productivity and growth. The objective of this paper is to model these effects using a production function framework
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Family-oriented versus career seekers: mixture regression separation Empirical Economics (IF 2.647) Pub Date : 2024-02-13 Lara Delsalle, Oleksii Birulin
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Co-payment exemption and healthcare consumption: quasi-experimental evidence from Italy Empirical Economics (IF 2.647) Pub Date : 2024-02-13 Vanessa Cirulli, Giuliano Resce, Marco Ventura
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Business cycles in the USA: the role of monetary policy and oil shocks Empirical Economics (IF 2.647) Pub Date : 2024-02-12
Abstract This paper examines the relative significance of oil supply, oil demand, and monetary policy shocks in explaining US macroeconomic variations. We analyze impulse response functions and variance decomposition to assess the relative importance of these shocks. Using a Bayesian structural VAR framework and the penalty function approach, we identify the shocks of interest. We find that oil supply
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Nelson and Plosser revisited: macroeconomic and financial stability of Turkey Empirical Economics (IF 2.647) Pub Date : 2024-02-12 Saban Nazlioglu, Dogukan Tarakci, Emre Kilic
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The return to classroom instruction time in private and public schools Empirical Economics (IF 2.647) Pub Date : 2024-02-10
Abstract Private school students outperform their public school peers on standardized tests. Extensive effort has been devoted to testing whether the private–public gap is attributable to the schools themselves or simply due to peer effects or positive selection into private schools. Receiving far less attention is the extent to which the return to specific schooling inputs differs between private
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Old-age unemployment and labour supply: an application to Belgium Empirical Economics (IF 2.647) Pub Date : 2024-01-28 Octave De Brouwer, Ilan Tojerow
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Regression discontinuity design with principal stratification in the mixed proportional hazard model: an application to the long-run impact of education on longevity Empirical Economics (IF 2.647) Pub Date : 2024-01-27 Govert E. Bijwaard, Andrew M. Jones
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Japan’s dual labor market and its macroeconomic characteristics Empirical Economics (IF 2.647) Pub Date : 2024-01-27 Hirokazu Mizobata
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Forecasting the volatility of European Union allowance futures with macroeconomic variables using the GJR-GARCH-MIDAS model Empirical Economics (IF 2.647) Pub Date : 2024-01-26 Huawei Niu, Tianyu Liu
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Determining economic factors for sex trafficking in the United States using count time series regression Empirical Economics (IF 2.647) Pub Date : 2024-01-25
Abstract The article presents a robust quantitative approach for determining significant economic factors for sex trafficking in the United States. The aim is to study monthly counts of sex trafficking-related convictions, and use a wide range of economic variables as covariates to investigate their effect on conviction counts. A count time series model is considered along with a regression setup to
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Gloomy expectations after the invasion of Ukraine Empirical Economics (IF 2.647) Pub Date : 2024-01-22 Domenico Depalo
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School starting age and the impact on school admission Empirical Economics (IF 2.647) Pub Date : 2024-01-10 Julio Cáceres-Delpiano, Eugenio Giolito
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Late-in-life investments in human capital: evidence on the (unintended) effects of a pension reform Empirical Economics (IF 2.647) Pub Date : 2024-01-08 Simone Chinetti
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k-Class instrumental variables quantile regression Empirical Economics (IF 2.647) Pub Date : 2024-01-05 David M. Kaplan, Xin Liu
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The factor structure of exchange rates volatility: global and intermittent factors Empirical Economics (IF 2.647) Pub Date : 2024-01-02
Abstract In this paper, we consider a fractionally integrated multi-level dynamic factor model (FI-ML-DFM) to represent commonalities in the hourly evolution of realized volatilities of several international exchange rates. The FI-ML-DFM assumes common global factors active during the 24 h of the day, accompanied by intermittent factors, which are active at mutually exclusive times. We propose determining
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A new fractional integration approach based on neural network nonlinearity with an application to testing unemployment hysteresis Empirical Economics (IF 2.647) Pub Date : 2024-01-02 Fumitaka Furuoka, Luis A. Gil-Alana, OlaOluwa S. Yaya, Elayaraja Aruchunan, Ahamuefula E. Ogbonna
This paper proposes a nonlinear fractional unit root approach which is known as the autoregressive neural network–fractional integration (ARNN–FI) test. This new fractional integration test is based on a new multilayer perceptron of a neural network process, proposed in Yaya et al. (Oxf Bull Econ Stat 83(4):960–981, 2021). The asymptotic theory and the properties of the proposed test are given. By
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Quest for the general effect size of finance on growth: a large meta-analysis of worldwide studies Empirical Economics (IF 2.647) Pub Date : 2023-12-24
Abstract We analyze diverse and heterogeneous literature to grasp the general effect size of financial development on economic growth on a world scale. For that, we perform by far the largest available meta-analysis of the finance–growth nexus using 3561 estimates collected from 177 studies. Our meta-synthesis results show that large heterogeneity in empirical evidence is, in fact, driven by only a
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Where can childcare expansion increase maternal labor supply? A comparison of quasi-experimental estimates from seven countries Empirical Economics (IF 2.647) Pub Date : 2023-12-15
Abstract The estimated effect of childcare availability on maternal labor supply varies highly in previous single-country estimates. We provide comparable quasi-experimental estimates of the childcare effect for seven countries, using harmonized data and a uniform method based on country-specific childcare eligibility cutoffs. We evaluate the estimates in light of key institutional factors to determine
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Multinational and exporter wage premia: evidence from southeastern Europe and a panel multiple-treatments approach Empirical Economics (IF 2.647) Pub Date : 2023-12-15 Peter H. Egger, Pinar Kaynak Gunes, Benedikt Zoller-Rydzek
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What factors drive house prices in the USA Sign restricted VAR approach Empirical Economics (IF 2.647) Pub Date : 2023-12-11 Jinwoong Lee
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Health care policy uncertainty and state-level employment Empirical Economics (IF 2.647) Pub Date : 2023-12-02 Nopphol Witvorapong, Chak Hung Jack Cheng
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On the time-varying effects of the ECB’s asset purchases Empirical Economics (IF 2.647) Pub Date : 2023-11-28 Andrejs Zlobins
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Single-firm inference in event studies via the permutation test Empirical Economics (IF 2.647) Pub Date : 2023-11-23 Phuong Anh Nguyen, Michael Wolf
Return event studies generally involve several firms but there are also cases when only one firm is involved. This makes the relevant testing problems, abnormal return and cumulative abnormal return, more difficult since one cannot exploit the multitude of firms (by using a relevant central limit theorem, say) to design hypothesis tests. We propose a permutation test which is of nonparametric nature
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The effect of SMS nudges on higher education performance Empirical Economics (IF 2.647) Pub Date : 2023-11-23 Alicia Brandt, Hamid R. Oskorouchi, Alfonso Sousa-Poza
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The effects of the investment decisions of telecommunications firms on their financial performance during the COVID-19 pandemic Empirical Economics (IF 2.647) Pub Date : 2023-11-23 İlhan Çam, Nisa Özge Önal Tuğrul, Kevser Şimşek, Kamil Karaçuha, Ertuğrul Karaçuha, Gökhan Özer
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Revisiting the effect of bank deregulation on income inequality Empirical Economics (IF 2.647) Pub Date : 2023-11-22 William B. Hankins, Anna-Leigh Stone, Gary Hoover
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Macroprudential policy and financial system stability: an aggregate study Empirical Economics (IF 2.647) Pub Date : 2023-11-20 Hamdi Jbir, Cornel Oros, Alexandra Popescu
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Foreign capital inflows, exchange rates, and government stability Empirical Economics (IF 2.647) Pub Date : 2023-11-18 Nadine McCloud, Michael S. Delgado, Man Jin
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Forecasting the equity premium using weighted regressions: Does the jump variation help? Empirical Economics (IF 2.647) Pub Date : 2023-11-15 Zhikai Zhang, Yaojie Zhang, Yudong Wang
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Is peer-to-peer demand cointegrated at the listing level? Empirical Economics (IF 2.647) Pub Date : 2023-11-12 Jorge V. Pérez-Rodríguez, Heiko Rachinger, Rafael Suárez-Vega
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The presence of a latent factor in gasoline and diesel prices co-movements Empirical Economics (IF 2.647) Pub Date : 2023-11-11 Cosimo Magazzino, Marco Mele, Claudiu Tiberiu Albulescu, Nicholas Apergis, Mihai Ioan Mutascu
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The evolution of the natural rate of interest: evidence from the Scandinavian countries Empirical Economics (IF 2.647) Pub Date : 2023-11-09 Hanna Armelius, Martin Solberger, Erik Spånberg, Pär Österholm
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New insights on the environmental Kuznets curve (EKC) for Central Asia Empirical Economics (IF 2.647) Pub Date : 2023-11-04 Massimiliano Caporin, Arusha Cooray, Bekhzod Kuziboev, Inomjon Yusubov