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Synthesizing explanations behind global gender (in)equality: Identifying the gaps and moving forward with more economic history J. Econ. Surv. (IF 4.142) Pub Date : 2024-03-23 Selin Dilli
This article aims to bridge the mainstream social science and the economic history literatures on the drivers of gender equality across contexts. We discuss the explanations in the social science literature on five central dimensions of global gender equality—health, work, education, marriage, and political representation—and survey the economic history literature that studied these explanations in
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The global sanitary revolution in historical perspective J. Econ. Surv. (IF 4.142) Pub Date : 2024-03-21 Daniel Gallardo‐Albarrán
This survey sheds light on the causes and consequences of the global sanitary revolution that resulted in the spread of waterworks and sewerage projects since the middle of the 19th century, by drawing on research from the fields of economic history, economics, and history. I begin with a discussion of the construction of these infrastructures during the period ca. 1850–1950 showing that their spread
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Inequality in history: A long-run view J. Econ. Surv. (IF 4.142) Pub Date : 2024-03-05 Guido Alfani
This article provides an overview of long-term trends in income and wealth inequality, from ca. 1300 until today. It discusses recent acquisitions in terms of inequality measurement, building upon earlier research and systematically connecting preindustrial, industrial, and post-industrial tendencies. It shows that in the last seven centuries or so, inequality of both income and wealth has tended to
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Macroeconomic effects of a declining wage share: A meta‐analysis of the functional income distribution and aggregate demand J. Econ. Surv. (IF 4.142) Pub Date : 2024-03-09 Quirin Dammerer, Ludwig List, Miriam Rehm, Matthias Schnetzer
This paper reviews the theoretical and empirical literature on the relationship between the functional distribution of income and aggregate demand, which investigates whether declining wage shares increase (“profit‐led”) or decrease (“wage‐led”) demand. It conducts a meta‐regression analysis of 33 studies with 578 estimates for total and domestic demand, covering up to 163 years and 59 countries and
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Sustainable innovations, knowledge and the role of proximity: A systematic literature review J. Econ. Surv. (IF 4.142) Pub Date : 2024-03-09 Ulrich Wilke, Andreas Pyka
Innovations can substantially contribute to the transformation toward sustainability if they induce a positive social and/or environmental impact. Such sustainable innovations differ considerably from conventional, purely economic innovations. The main difference stems from the different knowledge bases necessary for the development of these innovations. These knowledge bases are widely dispersed across
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Productivity measurement: Reassessing the production function from micro to macro J. Econ. Surv. (IF 4.142) Pub Date : 2024-03-05 Josh Martin, Rebecca Riley
The productivity growth slowdown in advanced economies during the early decades of the 21st century has led to renewed interest in economic measurement. Measured productivity growth has largely evaporated, yet in many ways, the average person is better off than at any time in history and technological advance is ever evident. Are we simply, or at least in part, mismeasuring productivity change? More
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Law & Economics at sixty: Mapping the field with bibliometric and machine learning tools J. Econ. Surv. (IF 4.142) Pub Date : 2024-02-23 Elena Kantorowicz‐Reznichenko, Jaroslaw Kantorowicz
As the year 2020 marks the 60th anniversary of the landmark paper in the Law & Economics (L&E) field by Ronald Coase—The Problem of Social Cost—we provide a systematic bibliometric analysis of the development of this field over the years. We look at the output and input side of knowledge production in the field of L&E. The former consists of the volume of production and thematic coverage of the field
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Artificial Intelligence and Big Data in Sustainable Entrepreneurship J. Econ. Surv. (IF 4.142) Pub Date : 2024-01-11 Steve J. Bickley, Alison Macintyre, Benno Torgler
There is an urgent need to transition our economy, society, and culture towards systems and actions that facilitate ecological sustainability. Such radical change requires equally radical transformation of approaches to decision making and resource use. Sustainable entrepreneurship (SE) is often presented as the answer to meeting the triple-bottom-line challenges that businesses face; however, there
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Fat-tailed DSGE models: A survey and new results J. Econ. Surv. (IF 4.142) Pub Date : 2024-01-11 Chetan Dave, Marco M. Sorge
We review recent advances in dynamic stochastic general equilibrium theory concerned with the emergence of fat-tailed time-series distributions. Focusing on mechanisms that are firmly grounded in structural equilibrium models, we provide a common reference framework to organize existing contributions according to whether they entail extreme business cycle swings as an endogenous response to small and
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Borrower-based macroprudential measures and credit growth: How biased is the existing literature? J. Econ. Surv. (IF 4.142) Pub Date : 2024-01-06 Simona Malovaná, Martin Hodula, Zuzana Gric, Josef Bajzík
This paper analyzes over 700 estimates from 34 studies on the impact of borrower-based measures (such as loan-to-value, debt-to-income, and debt-service-to-income ratios) on bank loan provision. Our dataset reveals notable fragmentation in the literature concerning variable transformations, methods, and estimated coefficients. We run a meta-analysis on a subsample of 422 semi-elasticities from 23 studies
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Expectations, beliefs, and perceptions in the modern economy: An overview J. Econ. Surv. (IF 4.142) Pub Date : 2024-01-06 Edda Claus, F. Antoine Dedewanou
Expectations matter in dynamic models where decisions in one period have implications for outcomes in subsequent periods. Rational expectations were once the dominant assumption but its popularity is waning. Human decision-making deviates from rationality suggesting important influences of perceptions and beliefs on decision-making. The articles in this special issue provide up-to-date reviews of the
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From the Great Divergence to South–South Divergence: New comparative horizons in global economic history J. Econ. Surv. (IF 4.142) Pub Date : 2024-01-03 Ewout Frankema
The Great Divergence debate has been the leading conversation in economic history for the past 25 years. This review article explores new comparative horizons in global economic history. I argue that questions of South–South Divergence form a logical and timely extension to the Great Divergence research agenda. Asia's economic renaissance did not only put an end to a century-spanning process of widening
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Vice versa: The decoupling of content and topic heterogeneity in collusion research J. Econ. Surv. (IF 4.142) Pub Date : 2023-12-29 W. Benedikt Schmal
Collusive practices continue to be a significant threat to competition and consumer welfare. It should be of utmost importance for academic research to provide the theoretical and empirical foundations to antitrust authorities and enable them to develop proper tools to encounter new collusive practices. Utilizing topical natural language machine learning techniques allows me to analyze the evolution
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Board-level governance and corporate social responsibility: A meta-analytic review J. Econ. Surv. (IF 4.142) Pub Date : 2023-12-29 Nazim Hussain, Sana Akbar Khan, Duc Khuong Nguyen, Andrea Stocchetti, Shaen Corbet
Board-level corporate governance (CG) is an effective route to developing sustained ethical behavior, helping firms to meet emerging accountability challenges and international expectations of corporate performance. In recent times, researchers have extensively studied the relationships between various board-level governance mechanisms and corporate social responsibility (CSR) outcomes; however, results
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The role of cognitive biases in conspiracy beliefs: A literature review J. Econ. Surv. (IF 4.142) Pub Date : 2023-12-29 Lorenzo Gagliardi
In recent years, several studies have found that conspiracy believers tend to be more susceptible to cognitive biases (e.g., conjunction fallacy, proportionality bias, agency detection bias, etc.). The aim of this work is to review such literature, systematizing these concepts in a unifying framework of conspiracy mentality as a set of biased cognitive processes, which categorizes cognitive biases
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Review of behavioral economics models of the altruistic crowding-out effect from monetary incentives J. Econ. Surv. (IF 4.142) Pub Date : 2023-12-27 Stijn Bruers
The altruistic crowding-out effect is a decrease of prosocial behavior due to monetary incentives or material rewards that intend to increase an extrinsic motivation for the behavior. The decrease in a behavior by increasing a motivation for that behavior, seems irrational, but behavioral economists presented a dozen different models to explain this crowding-out effect. In these models, the decrease
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The empirics of technology, employment and occupations: Lessons learned and challenges ahead J. Econ. Surv. (IF 4.142) Pub Date : 2023-12-11 Fabio Montobbio, Jacopo Staccioli, Maria Enrica Virgillito, Marco Vivarelli
This paper is a critical review of the empirical literature resulting from recent years of debate and analysis regarding technology and employment and the future of work as threatened by technology, outlining both lessons learned and challenges ahead. We distinguish three waves of studies and relate their heterogeneous findings to the choice of technological proxies, the level of aggregation, the adopted
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Selective and (mis)leading economics journals: Meta-research evidence J. Econ. Surv. (IF 4.142) Pub Date : 2023-12-08 Zohid Askarov, Anthony Doucouliagos, Hristos Doucouliagos, T. D. Stanley
We assess statistical power and excess statistical significance among 31 leading economics general interest and field journals using 22,281 parameter estimates from 368 distinct areas of economics research. Median statistical power in leading economics journals is very low (only 7%), and excess statistical significance is quite high (19%). Power this low and excess significance this high raise serious
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The environment, life expectancy, and growth in overlapping generations models: A survey J. Econ. Surv. (IF 4.142) Pub Date : 2023-12-08 Anna Dugan, Alexia Prskawetz, Natacha Raffin
It is widely accepted that environmental and demographic changes will significantly influence the future of our society. In recent years, an increasing number of studies has analyzed the interlinkages among economic growth, environmental factors, and a specific demographic variable, namely life expectancy, applying an overlapping generations framework. The aim of this survey is threefold. First, we
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A review on ESG investing: Investors’ expectations, beliefs and perceptions J. Econ. Surv. (IF 4.142) Pub Date : 2023-12-06 Roman Kräussl, Tobi Oladiran, Denitsa Stefanova
This study examines the recent literature on the expectations, beliefs and perceptions of investors who incorporate Environmental, Social, Governance (ESG) considerations in investment decisions with the aim to generate superior performance or make a societal impact. Through the lens of equilibrium models of agents with heterogeneous tastes for ESG investments, green assets are expected to generate
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Meta-analysis of social science research: A practitioner's guide J. Econ. Surv. (IF 4.142) Pub Date : 2023-11-23 Zuzana Irsova, Hristos Doucouliagos, Tomas Havranek, T. D. Stanley
This article provides concise, nontechnical, step-by-step guidelines on how to conduct a modern meta-analysis, especially in social sciences. We treat publication bias, p-hacking, and systematic heterogeneity as phenomena meta-analysts must always confront. To this end, we provide concrete methodological recommendations. Meta-analysis methods have advanced notably over the last few years. Yet many
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e-Commerce platforms and self-preferencing J. Econ. Surv. (IF 4.142) Pub Date : 2023-11-16 Federico Etro
I review the literature on eCommerce platforms with particular emphasis on the antitrust debate on Amazon. The business model of hybrid marketplaces is based on monetization through fees on third party sellers hosted on the platform and direct margins on own products. Recent theoretical and empirical work on endogenous marketplace structures has analyzed the welfare impact of the dual mode and of recommendation
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Behavioral finance: Evolution from the classical theory and remarks J. Econ. Surv. (IF 4.142) Pub Date : 2023-11-16 Roberto Arturo Agudelo Aguirre, Alberto Antonio Agudelo Aguirre
Behavioral finance has emerged from the divergences observed to explain and address the traditional theories of finance and serves as supplement to classical finance by introducing behavioral aspects to decision-making. This study provides academics with a comprehensible and complete synopsis of the evolution of behavioral finance, as well as critical insight is provided. The synopsis was based on
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The long-run evolution of global real wages J. Econ. Surv. (IF 4.142) Pub Date : 2023-11-13 Pim de Zwart
This article reviews the literature on comparative real wages in history that has emerged over the past two decades. Research has shown that unskilled men's real wages were higher in England and the Low Countries than in other parts of Europe and Asia from about 1720. Yet 18th- and 19th-century real wages were even higher in the northern American colonies than they were in the European leaders, while
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Non-Fungible Tokens (NFTs): A Review of Pricing Determinants, Applications and Opportunities J. Econ. Surv. (IF 4.142) Pub Date : 2023-11-08 Roman Kräussl, Alessandro Tugnetti
This paper provides a review of the development of the non-fungible tokens (NFTs) market, with a particular focus on its pricing determinants, its current applications, and its future opportunities. We investigate the current state of the NFT markets and highlight the perception and expectations of investors toward these products. We summarize and compare the financial and econometric models that have
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Subsidizing housing with deductions J. Econ. Surv. (IF 4.142) Pub Date : 2023-11-07 Maxence Valentin
Many governments subsidize owner-occupied housing by allowing households to deduct housing expenses from their taxable incomes. While these deductions provide considerable financial benefits to homeowners, they also have significant downstream consequences. This article synthesizes a large body of literature that assesses these implications on various aspects of the housing market, including mortgage
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Human capital in Europe, 1830s–1930s: A general survey J. Econ. Surv. (IF 4.142) Pub Date : 2023-10-30 Gabriele Cappelli, Leonardo Ridolfi, Michelangelo Vasta, Johannes Westberg
Human capital is now widely acknowledged as one of the key determinants of economic growth. Research on how human skills accumulate and evolve through time has grown rapidly in recent years. This paper surveys it with a specific focus on Europe in the period 1830s–1930s. Our contribution is threefold: First, we find that the lack of fine-grain spatial and (at the same time) harmonized data is preventing
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Consumers' macroeconomic expectations J. Econ. Surv. (IF 4.142) Pub Date : 2023-10-25 Lena Dräger, Michael J. Lamla
After the financial crisis of 2008, central banks around the world have increased their communication efforts to reach consumers, with the aim of both guiding and anchoring their inflation expectations. For the expectations channel of monetary policy to work as intended, central banks need a thorough understanding of the formation process of expectations by the general public and of the relationship
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The determinants of child stunting and shifts in the growth pattern of children: A long-run, global review J. Econ. Surv. (IF 4.142) Pub Date : 2023-10-19 Eric B. Schneider
This article explores how child growth has changed over the past 150 years and links changes in child growth to the recent decline in child stunting in low- and middle-income countries (LMICs). The article begins by defining the four characteristics of the growth pattern in height: size at birth, size at adulthood, the timing of the pubertal growth spurt, and the speed of maturation. It then shows
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Unemployment and health: A meta-analysis J. Econ. Surv. (IF 4.142) Pub Date : 2023-09-22 Matteo Picchio, Michele Ubaldi
This paper reports a meta-analysis of the relationship between unemployment and health. Our meta-dataset consisted of 327 study results taken from 65 articles published in peer-reviewed journals between 1990 and 2021. We found that publication bias is important, but only for those study results obtained by means of difference-in-differences or instrumental variables estimators. On average, the effect
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Financial crime and punishment: A meta-analysis J. Econ. Surv. (IF 4.142) Pub Date : 2023-09-08 Laure de Batz, Evžen Kočenda
We provide the first quantitative synthesis of the literature on how financial markets react to the disclosure of financial crimes committed by listed firms. While consensus expects negative returns, the exact size of the effect is far from clear. We survey 111 studies published over three decades, from which we collect 480 estimates from event studies. Then, we perform a thorough meta-analysis based
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What is the value of data? A review of empirical methods J. Econ. Surv. (IF 4.142) Pub Date : 2023-08-18 Diane Coyle, Annabel Manley
With the growing use of digital technologies, data have become core to many organizations’ decisions, with its value widely acknowledged across public and private sectors. Yet few comprehensive empirical approaches to establishing the value of data exist, and there is no consensus about which methods should be applied to specific data types or purposes. This paper examines a range of data valuation
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Business cycle accounting: What have we learned so far? J. Econ. Surv. (IF 4.142) Pub Date : 2023-08-16 Pedro Brinca, João Ricardo Costa Filho, Francesca Loria
What drives recessions and expansions? Since it was introduced in 2007, there have been hundreds of business cycle accounting (BCA) exercises, a procedure aimed at identifying classes of models that hold quantitative promise to explain economic fluctuations. This paper contributes with a software—a graphical user interface that allows practitioners to perform BCA exercises with minimal effort—and exemplifies
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Finance and intelligence: An overview of the literature J. Econ. Surv. (IF 4.142) Pub Date : 2023-08-12 Nicolas Eber, Patrick Roger, Tristan Roger
Do more intelligent investors take better economic decisions than less intelligent ones? Is risk attitude, in particular risk/loss aversion, linked to cognitive ability? Does an investor's cognitive ability impact his/her patience? Is financial performance positively linked to investor's intelligence? These research questions have become highly relevant with the development of behavioral economics
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Understanding the climate change-migration nexus through the lens of household surveys: An empirical review to assess data gaps J. Econ. Surv. (IF 4.142) Pub Date : 2023-08-09 Marco Letta, Pierluigi Montalbano, Adriana Paolantonio
Over the last two decades, the causal relationship between climate change and migration has gained increasing prominence in international research and policy. Despite recent advances in conceptual frameworks and applied techniques, the empirical evidence does not provide clear-cut conclusions, mainly due to the intrinsic complexity of the phenomenon of interest, the irreducible heterogeneity of the
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Fairness, (perception of) inequality, and redistribution preferences J. Econ. Surv. (IF 4.142) Pub Date : 2023-08-09 Steven Tucker, Yilong Xu
This special issue consists of nine surveys that delve into the recent development in the literature on inequality, examining its perception, sources, implications, and potential solutions. The review synthesizes key aspects, from the conceptualization of inequality perception to its profound consequences such as deteriorated social cohesion, unethical behaviors, and even violent conflicts. The papers
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Future directions in nowcasting economic activity: A systematic literature review J. Econ. Surv. (IF 4.142) Pub Date : 2023-07-25 Alina Stundziene, Vaida Pilinkiene, Jurgita Bruneckiene, Andrius Grybauskas, Mantas Lukauskas, Irena Pekarskiene
This paper presents a systematic review of research papers on nowcasting economic activity. The study summarizes the state-of-the-art nowcasting approaches and methods, describes the indicators used in this analysis, highlights the existing gaps, and proposes future research directions. Based on an analysis of 193 articles on nowcasting in economics that were published in the journals indexed in the
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The causal effect of ethnic diversity on support for redistribution and the role of discrimination J. Econ. Surv. (IF 4.142) Pub Date : 2023-06-28 Pascal Achard, Sigrid Suetens
We review the literature that investigates the causal effect of ethnic diversity on support for redistribution. The results indicate that ethnic diversity or an increase in the salience of ethnic minorities tends to reduce support for redistribution. Evidence is presented that this finding can be interpreted as an outcome of ethnic discrimination. Nonetheless, there is substantial heterogeneity, such
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Narratives in economics J. Econ. Surv. (IF 4.142) Pub Date : 2023-06-27 Michael Roos, Matthias Reccius
There is growing awareness within the economics profession of the important role narratives play in the economy. Even though empirical approaches that try to quantify economic narratives are getting increasingly popular, there is no theory or even a universally accepted definition of economic narratives underlying this research. First, we review and categorize the economic literature concerned with
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Is research on hedge fund performance published selectively? A quantitative survey J. Econ. Surv. (IF 4.142) Pub Date : 2023-06-26 Fan Yang, Tomas Havranek, Zuzana Irsova, Jiri Novak
We examine whether estimates of hedge fund performance reported in prior empirical research are affected by publication bias. Using a sample of 1019 intercept terms from regressions of hedge fund returns on risk factors (the “alphas”) collected from 74 studies published between 2001 and 2021, we show that the selective publication of empirical results does not significantly contaminate inferences about
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The properties of contemporary money J. Econ. Surv. (IF 4.142) Pub Date : 2023-06-26 Isaiah Hull, Or Sattath
The properties of money commonly referenced in the economics literature were originally identified by Jevons and Menger in the late 1800s and were intended to describe physical currencies, such as commodity money, metallic coins, and paper bills. In the digital era, many non-physical currencies have either entered circulation or are under development, including demand deposits, cryptocurrencies, stablecoins
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The many faces of social media in business and economics research: Taking stock of the literature and looking into the future J. Econ. Surv. (IF 4.142) Pub Date : 2023-06-23 Andranik Tumasjan
Since their inception more than 15 years ago, social media have become a vibrant research topic in business and economics research. This article presents an integrative literature review taking stock of and showing the many faces of social media in extant research. Based on N = 1419 articles published in the leading peer-reviewed business and economics journals in the years 2008–2022, we identify and
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Consumer financial vulnerability: Review, synthesis, and future research agenda J. Econ. Surv. (IF 4.142) Pub Date : 2023-06-15 Sara Fernández-López, Marcos Álvarez-Espiño, Lucía Rey-Ares, Sandra Castro-González
Research on consumer financial vulnerability (CFV) was especially encouraged in the aftermath of the 2007–2008 financial crisis, becoming a phenomenon of global interest to academics and policy makers. This paper reviews the existing academic literature on CFV with the aim of mapping out four research fields (i.e., the concept, the measures, the methods, and the drivers of this phenomenon) and providing
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Thirty years of academic finance J. Econ. Surv. (IF 4.142) Pub Date : 2023-06-01 David Ardia, Keven Bluteau, Mohammad-Abbas Meghani
We study how the financial literature has evolved in scale, research team composition, and article topicality across finance-focused academic journals from 1992 to 2021. We document that the field has vastly expanded regarding outlets and published articles. Teams have become larger, and the proportion of women participating in research has increased significantly. Using the Structural Topic Model
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30 years of exchange rate analysis and forecasting: A bibliometric review J. Econ. Surv. (IF 4.142) Pub Date : 2023-05-31 Siran Fang, Yunjie Wei, Shouyang Wang
Due to the strong nonlinearity and high complexity of foreign exchange rate data, how best to accurately analyze their trends and forecast them is regarded as a challenging research topic. While such research has developed rapidly and a large number of publications have appeared, few programmatic quantitative and qualitative overviews have been compiled in the field of exchange rate. By integrating
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Racial and income-based affirmative action in higher education admissions: Lessons from the Brazilian experience J. Econ. Surv. (IF 4.142) Pub Date : 2023-05-14 Rodrigo Zeidan, Silvio Luiz de Almeida, Inácio Bó, Neil Lewis
This survey article provides insights regarding the future of affirmative action by analyzing the implementation methods and the empirical evidence on the use of placement quotas in the Brazilian higher education system. All federal universities have required income and racial-based quotas in Brazil since 2012. Affirmative action in federal universities is uniformly applied across the country, which
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Noncompliant behaviors in general equilibrium: A survey J. Econ. Surv. (IF 4.142) Pub Date : 2023-05-14 Chiarini Bruno, Ferrara Maria, Marzano Elisabetta
This paper reviews the literature on dynamic general equilibrium models that incorporate noncompliant behaviors. It organizes contributions according to selected dimensions that denote important pillars of the macroeconomic literature and that are relevant to explaining the nature and role of non-compliant behaviors. These pillars are business cycles, macroeconomic policies, labor markets, income inequality
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A review of Phillips-Sul approach-based club convergence tests J. Econ. Surv. (IF 4.142) Pub Date : 2023-05-11 Mateusz Tomal
The Phillips-Sul approach to testing the club convergence hypothesis has attracted considerable research interest in recent years due to its advantages over alternative methods. This paper aims to review theoretical papers that extend the Phillips-Sul approach, empirical studies that apply Phillips-Sul approach-based club convergence tests, as well as the software used to execute these methods. The
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Wage response to corporate income taxes: A meta-regression analysis J. Econ. Surv. (IF 4.142) Pub Date : 2023-05-07 Jonas Knaisch, Carla Pöschel
The wage elasticity to corporate income tax (CIT) is an essential parameter for assessing tax policy reforms. This paper applies meta-regression analysis to quantitatively review the growing empirical tax incidence literature that indicates a substantial shift of the tax burden onto employees. While most studies report a large wage-reducing effect of the CIT, our findings suggest that estimates with
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How does liberalization affect emerging stock markets? Theories and empirical evidence J. Econ. Surv. (IF 4.142) Pub Date : 2023-05-07 Bao Trung Hoang, Cesario Mateus
This paper reviews the literature that discusses how liberalization affects emerging stock markets on the cost of equity, stock volatility, stock liquidity, and informational efficiency. The survey consists of two parts, theoretical arguments and empirical evidence. Four primary mechanisms explaining the impacts are risk diversification, information-sharing, friction channel, and market competition
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Bank capital, lending, and regulation: A meta-analysis J. Econ. Surv. (IF 4.142) Pub Date : 2023-04-29 Simona Malovaná, Martin Hodula, Josef Bajzík, Zuzana Gric
We collected over 1600 estimates on the relationship between bank capital and lending and construct 40 variables to capture the context in which these estimates are obtained. Accounting for potential publication bias, we find that a 1 percentage point (pp) increase in capital (regulatory) ratio results in around 0.3 pp increase in annual credit growth, while changes to capital requirements cause a
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Determinants and consequences of corporate social responsibility disclosure: A survey of extant literature J. Econ. Surv. (IF 4.142) Pub Date : 2023-04-25 Waris Ali, Stelios Bekiros, Nazim Hussain, Sana Akbar Khan, Duc Khuong Nguyen
This paper systematically analyzes and synthesizes the literature on the determinants and consequences of corporate social responsibility (CSR) disclosure. The study is unique in that it synthesizes based on the geographical setting of the original research. We analyzed 135 empirical studies published in Chartered Association of Business Schools (ABS) ranked journals from 1982 to 2020. The results
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Solo self-employment––Key policy challenges J. Econ. Surv. (IF 4.142) Pub Date : 2023-04-24 Jerzy Cieślik, André van Stel
This study reviews key policy challenges relating to solo self-employed workers––the segment with increasing shares in the workforce in most developed countries in recent decades. We document that this segment attracts the attention of policymakers within four policy domains: addressing decent work deficits, entrepreneurship and small business policies, activating marginalized groups through self-employment
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The (negative) effects of inequality on Social Capital J. Econ. Surv. (IF 4.142) Pub Date : 2023-04-25 Yilong Xu, Ginevra Marandola
Inequality is perhaps one of the most challenging issues of our time. Empirical literature, using observational data, indicates that higher inequality is associated with lower social capital. Oftentimes, however, the causal effects of inequality are difficult to establish based on survey and empirical observations. To this end, we review a large body of experimental literature and assess the causal
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The economics of standards: A literature review J. Econ. Surv. (IF 4.142) Pub Date : 2023-03-21 Lijuan Yang
The economics of standards pertains to the investigation of economic problems related to standards. It was established as a field of research between 2000 and 2010 and has developed rapidly since. Focusing on the relevant theories, methods, and issues, this article systematically summarizes and evaluates the extant literature on the economics of standards. The theory section concentrates on the classification
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Central bank forecasting: A survey J. Econ. Surv. (IF 4.142) Pub Date : 2023-03-17 Carola Conces Binder, Rodrigo Sekkel
Central banks' forecasts are important monetary policy inputs and tools for central bank communication. We survey the literature on forecasting at the Federal Reserve, European Central Bank, Bank of England, and Bank of Canada, focusing especially on recent developments. After describing these central banks' forecasting frameworks, we discuss the literature on central bank forecast evaluation and new
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Financial stability, stranded assets and the low-carbon transition – A critical review of the theoretical and applied literatures J. Econ. Surv. (IF 4.142) Pub Date : 2023-03-01 Louis Daumas
Transitioning to a low-carbon economy will entail sweeping transformations of energy and economic systems. A growing research body has raised concerns about the effect of such strain on financial stability. This literature on “financial transition risk” has highlighted that the conjunction of climate policy, technological change and shifts in consumption patterns may propagate to financial markets
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Fairness and inequality acceptance in children and adolescents: A survey on behaviors in economic experiments J. Econ. Surv. (IF 4.142) Pub Date : 2023-03-02 Daniel Schunk, Isabell Zipperle
This survey article provides an overview of the recent experimental economic literature on fairness-related behaviors in children and adolescents. We discuss different motives underlying fair behavior, summarize the development of fairness and inequality acceptance across different developmental stages, and we shed light on behavioral heterogeneity with respect to gender, SES, and cultural background
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Determinants of football players’ valuation: A systematic review J. Econ. Surv. (IF 4.142) Pub Date : 2023-02-20 Maxence Franceschi, Jean-François Brocard, Florian Follert, Jean-Jacques Gouguet
As a result of the growth of the football players' transfer market and the increased availability of data, scholars from different fields have been investigating the topic of the empirical determination of the football players’ valuation, that is, transfer fees or monetary valuation proposed by media, for 30 years. We propose a systematic review of the topic to provide the research community with an