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Understanding the drivers of the renewable energy transition Econ. Anal. Policy (IF 4.444) Pub Date : 2024-04-06 Nidhaleddine Ben Cheikh, Younes Ben Zaied
Empirical evidence on renewable energy (RE) deployment remains controversial, and little consensus exists on how empirical determinants can shape a country's transition to a low-carbon economy. Using a sample of 38 countries from 2002 to 2020, we apply nonlinear panel data modeling, where the energy transition process can be properly treated. Our empirical results indicate the prominent role of geopolitical
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Supplier concentration and corporate carbon emissions Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-29 Siyuan Guo, Xuejing Xie, Meian Chen, Yukai Gong
This study investigates how supplier concentration impacts corporate carbon emissions. Our finding reveals that firms with a more concentrated supplier base have significantly higher carbon emission intensity. Our results remain consistent after adopting several robustness tests. Moreover, supplier concentration increases carbon emission intensity by increasing energy consumption and reducing green
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Spillovers and multiscale relationships among cryptocurrencies: A portfolio implication using high frequency data Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-24 Walid Mensi, Mobeen Ur Rehman, Xuan Vinh Vo, Sang Hoon Kang
This study examines the nonlinear multiscale relationships and spillovers among the main cryptocurrencies (Bitcoin, Bitcoin cash, Ethereum, Litecoin, DASH, Ripple, and Monero) using spillover index methodology and wavelet approaches to hourly and daily price data. The results provide evidences of dynamic spillovers among cryptocurrencies. News releases influence the instability of spillovers. Monero
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The non-rivalry of data, directed technical change and the environment: A theoretical study incorporating data as a production factor Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-22 Jun Yang, Dingjian Yang, Jixin Cheng
With the evolution of digital technology, data is considered a new input factor. To investigate the impact of the degree of application and non-rivalry of data on technical change and the environment, we introduce data as a production factor into the production function and develop a two-sector directed technical change model. More importantly, we introduce non-rivalry in data use, enabling its use
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Volatility interconnectedness among financial and geopolitical markets: Evidence from COVID-19 and Ukraine-Russia crises Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-18 Mohammad Enamul Hoque, Mohammad Sahabuddin, Faik Bilgili
This study investigates the interconnectedness of volatility and spillovers among various financial and geopolitical markets during the COVID-19 pandemic and the Ukraine-Russia crises. Utilizing a Time-Varying Parameter Frequency Vector Autoregression (TVP-VAR) approach, we analyze daily data spanning from January 2015 to June 2022. Our empirical findings reveal substantial interconnectedness and spillovers
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Is there a relationship between climate policy uncertainty and green finance? Evidence from bootstrap rolling window test Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-18 Xiaotian Dong, Kai-Hua Wang, Ran Tao, Vătavu Sorana, Nicoleta-Claudia Moldovan
This paper discusses time-varying causalities between climate policy uncertainty (CPU) and green finance market, and filling the research gap in revealing their internal dynamic connections. Using rolling-window technique, the empirical findings demonstrate that CPU exert positive and negative impact on green finance market, represented by the green bond index (GBI) during certain time intervals, which
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Socioeconomic mental health disparities and income mobility in Australia: A longitudinal factor decomposition analysis Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-16 Rubayyat Hashmi, Khorshed Alam, Jeff Gow
In recent years mental health disparity has been rising in Australia. The contributing factors to this rising disparity are not well understood. We investigated this by measuring and decomposing socioeconomic mental health inequality in Australia using the Household, Income and Labour Dynamics in Australia (HILDA) panel survey datasets between 2009 and 2017 employing the longitudinal factor decomposition
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Effects of temperature on job insecurity: Evidence from Australia Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-16 Thanh-Huong Bui, Ha-Phuong Bui, Thi Mai-Anh Pham
This study examines the relationship between temperature fluctuations and job insecurity in Australia, a country increasingly experiencing the impacts of climate change. Utilising data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey combined with satellite-based temperature data, we assess the influence of temperature deviations on perceptions of job insecurity. Our analysis
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Economic policy uncertainty: Global energy security with diversification Econ. Anal. Policy (IF 4.444) Pub Date : 2024-03-11 Vishal Dagar, Leila Dagher, Amar Rao, Nadia Doytch, Muneza Kagzi
Global energy security is a growing worldwide concern in the presence of high economic policy uncertainty (EPU) that can be addressed by advancing sustainable energy diversification (ED) practices. Energy security can be estimated by combining ED and EPU indices; hence, this study uses a dataset covering three continents and 26 countries from 1995 to 2023 to measure energy security employing this approach
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Modeling the employment decisions of young men and women in nine 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, Tsangyao Chang, 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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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, Tianlong Pu, 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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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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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
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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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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 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 Present Values
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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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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.
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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 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 CO 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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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 may affect 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 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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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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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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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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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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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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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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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