Article
Economics
David Forero, Antonio Tena-Junguito
Summary: This study uses long-term macroeconomic and export datasets to find a positive relationship between industrialization and economic growth in Latin American countries. The correlation is stronger for larger economies and three economic channels are identified to explain this relationship.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2024)
Article
Development Studies
Xiaohong Chen, Jinhua Zhao, Li Zhou
Summary: This paper examines the impact of news media coverage on consumer health outcomes and avoidance behavior during the 2013 cadmium rice event in China. The results show that the event led to a 2% decrease in joint or muscle pain (JMP) in regions with high cadmium pollution, with individuals with higher income or more access to media experiencing a greater reduction in JMP.
Article
Economics
Alex O. Acheampong, Elliot Boateng, Collins Baah Annor
Summary: This study examines the impact of corruption, income inequality, and redistribution on energy consumption in 166 countries. The findings show that income inequality reduces total and renewable energy consumption while increasing nonrenewable energy consumption. Income redistribution drives total and renewable energy consumption while decreasing nonrenewable energy use. Control of corruption increases energy consumption. The results vary among regions.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2024)
Article
Economics
Moinul Islam, Koji Kotani, Shunsuke Managi
Summary: Global climate change is a scientifically proven phenomenon, but there are discrepancies in how people perceive it. This research examines people's perceptions of seasonal change in relation to their life practices, experiences, and socioeconomic factors. The findings suggest that people's dependence on natural resources in their professions, experiences of natural disasters, and life history in specific locations shape their correct perceptions of climate seasonality.
ECONOMIC ANALYSIS AND POLICY
(2024)
Article
Economics
Yun Liu, Qun Gao
Summary: This paper discusses the impact of economic policy uncertainty on enterprise innovation from the perspective of equity financing and financing structure, analyzes the transmission mechanism of equity financing between them and the role of financing structure optimization under uncertainty. The findings reveal that economic policy uncertainty promotes enterprise innovation, and the positive effect is even more pronounced in non-state-owned and eastern enterprises, as well as high-tech enterprises. For the transmission mechanism of equity financing, it finds that the scale of equity financing and the cost of equity financing play positive and negative intermediary roles respectively. For the overall financing structure of enterprises, the proportion of equity capital exerts positive mediating and moderating effects on the relationship of economic policy uncertainty and enterprise innovation. The conclusions of this paper provide decision-making reference and theoretical support for enterprises in optimizing financing structure, coping with economic policy uncertainty, and promoting innovation.
ECONOMIC ANALYSIS AND POLICY
(2024)
Article
Economics
Kerstin Mitterbacher, Juergen Fleiss, Stefan Palan
Summary: This study experimentally examines the reciprocal relationship between economic migrants and citizens of destination countries. The labor market participation of economic migrants is found to be related to the openness of destination countries. The threat of restrictive policies increases migrants' willingness to work, but the actual implementation of such policies reduces this willingness. The study concludes that thoughtful and balanced migration policies are crucial in supporting mutually beneficial co-existence in society.
ECONOMIC ANALYSIS AND POLICY
(2024)
Article
Development Studies
Aimable Nsabimana, Philip Kofi Adom
Summary: Using a multinomial endogenous switching regression model, this study examines the factors influencing farmers' adoption of multiple integrated technologies and the effects of adopting integrated farm technologies on farm yield, farm income, and household food expenditure. The results show that adopting higher-order suites of technologies has higher dividends for farmers in terms of farm yield and income compared to adopting single technologies. Among different integrated technologies, the combination of crop and soil innovations has the greatest impact. Furthermore, the study finds that there are no statistical differences in food expenditure from adopting higher-order packages of technologies, suggesting that the additional gains are diverted towards investing in family assets, child education, and health expenditures. The study also suggests that the level of education of the family head and access to credit significantly influence the decision to adopt multiple integrated technologies. These findings provide suggestive evidence for a policy shift towards improving farm productivity and promoting credit access and education in rural communities.
WORLD DEVELOPMENT PERSPECTIVES
(2024)
Article
Economics
Tomas Rossetti, Ricardo A. Daziano
Summary: This paper proposes a methodology based on random utility maximization and prospect theory to assess willingness-to-pay for COVID-19 test attributes. The analysis of stated preference data in the United States reveals that individuals tend to underestimate low probabilities and overestimate mid-range probabilities. Additionally, false positive results are found to be more burdensome than false negative outcomes, indicating a degree of willful ignorance. The findings also show a preference for tests with faster turn-around times and less invasive collection methods.
JOURNAL OF CHOICE MODELLING
(2024)
Article
Economics
Paul Carrillo-Maldonado, Michalis Nikiforos
Summary: This paper estimates the distribution-led regime of the US economy using a time varying parameter model. The findings suggest that the US economy became more profit-led in the first postwar decades until the 1970s and has become less profit-led since. In the last fifteen years of the sample, the effect of changes in distribution on economic activity is statistically insignificant.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2024)
Article
Economics
Satoshi Inomata, Tesshu Hanaka
Summary: This paper presents new referential statistics for measuring the degree of supply chain exposure to network concentration risk. The authors develop a metric that indicates network concentration based on the frequency of supply chain engagement with regions of concern. Japan and China are selected as target regions for assessment, considering their propensity to encounter natural hazards and mounting geopolitical tension with the United States. Additionally, the study identifies the highly asymmetric structure of mutual economic dependency in US-China relations.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2024)
Article
Ecology
Simon Rabaa, Robert Wilken, Sylvie Geisendorf
Summary: Energy efficiency measures are crucial for combating climate change, but rebound effects may undermine their effectiveness. This study finds that prior energy efficiency behavior does not hinder subsequent climate-friendly behavior, which is determined by individual demographics and environmental attitudes.
ECOLOGICAL ECONOMICS
(2024)
Article
Economics
Marco Amendola, Francesco Lamperti, Andrea Roventini, Alessandro Sapio
Summary: Energy efficiency is crucial in addressing climate crises, and the research suggests that a public research laboratory implementing direct technological policies is the most effective approach without negative impacts on the economy and public finance. However, long-term commitment and complementary measures are important for the success of this policy.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2024)
Article
Development Studies
Lazarus Jambadu, Jochen Monstadt, Francesca Pilo
Summary: International donor funding schemes have a significant impact on the maintenance and repair of water infrastructure in African countries. The compulsory adoption of foreign technologies limits local capacity and leads to dependence on imported expertise and services.
Article
Economics
Hong Cheng, Hanbing Fan, Takeo Hoshi, Dezhuang Hu
Summary: This study examines the impact of political connections on the likelihood of Chinese firms receiving innovation subsidies. The findings suggest that politically connected firms are more likely to receive such subsidies, and that this connection is more important than state ownership. While firms receiving innovation subsidies file and receive more patents, these patents are not necessarily of high quality, and there is no increase in productivity or profitability. These results indicate politically induced inefficiency in the allocation of innovation subsidies in China.
JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES
(2024)
Article
Economics
Matteo Aquilina, Jon Frost, Andreas Schrimpf
Summary: This paper discusses the appropriate policy response to address the risks in crypto and proposes bans, containment, and regulation as possible approaches. The paper also describes the approach taken in Japan.
JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES
(2024)
Article
Business, Finance
Nopparat Wongsinhirun, Pattanaporn Chatjuthamard, Pornsit Jiraporn, Sang Mook Lee
Summary: This study examines the influence of exogenous reduction in litigation risk on customer concentration, using a unique ruling by the Ninth Circuit Court of Appeals. The findings suggest that a decline in litigation risk leads to a more concentrated customer base, as firms with lower vulnerability to litigation risk strategically allocate resources to cater to major customers more effectively.
JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE
(2024)
Article
Economics
Xiaomeng Zhang, Chu Wei
Summary: China's manufacturing sector accounts for 36% of the nation's total carbon emissions. Managing carbon intensity within the manufacturing sector is crucial for China to achieve its carbon neutrality objectives. This study examines the inequality of carbon intensity within the sector and the impact of information and communication technology (ICT) infrastructure on carbon intensity. The results show that carbon intensity inequality has been increasing over the years, with regional differences being the major contributor. Moreover, the study finds that ICT infrastructure hinders the national convergence of carbon intensity, but the effect varies across regions and sectors.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2024)
Article
Economics
Ettore Gallo, Gustavo Pereira Serra
Summary: This paper develops a stock-flow consistent (SFC) model by incorporating inventories, firm's deposits, and debt financing into the investment function. The model investigates the role of investment decisions in shaping economic fluctuations over the business cycle by considering various economic actors. The simulation results indicate that inventory dynamics are significant in economic cycles, affecting the length and timing of fluctuations. Expectations also play a crucial role in economic oscillations and convergence. Inventory investment is found to accommodate rapid changes in aggregate demand.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2024)
Article
Economics
Song Zhang, Chunlai Chen, Haoze Li
Summary: Recent studies have emphasized the importance of export diversification in facilitating structural change and economic development in emerging economies. This study empirically investigates whether outward foreign direct investment (OFDI) can promote export diversification. The results show that China's OFDI has a positive and statistically significant impact on promoting China's diversification of export basket, and the promotion effects vary upon different motivations of OFDI. The study also finds that the promotion effects mainly come from optimised organisational structure and improved business performance of the OFDI firms.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2024)
Article
Economics
Guodong Chi, Yuanyuan Liu, Hong Fang
Summary: Environmental decentralization faces institutional barriers, but vertical reform can improve air quality and reduce data falsification.
ECONOMIC ANALYSIS AND POLICY
(2024)
