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Articles ( Showing 21-40 of 39 items)
Searched for: [ Keywords: "Central Bank Policy" ] clear all
Journal Article
A ‘White Lie’ of Business Informality: An Exploration of Non-Registered White-owned Businesses in the United States of America
by Michael J. Pisani
Abstract
Utilizing a 2021 nationally representative sample of 7,504 White-owned employer businesses (WOBs) in the United States of America (USA), the extent, and the determinants of WOB business registration are estimated. Business registration is employed as a proxy for business in/formality. Approximately one-fifth (22.5%) of all employer WOBs are unregistered or informal business con [...] Read more
Hit Affiliation:
Department of Management, Central Michigan University, Mt. Pleasant, Michigan, United States of America

Journal Article
Shred Central: Estimating the user benefits associated with large public skateparks
by Thomas Kemp
Abstract
Skateparks, often called 'wheel parks,' are becoming increasingly common within communities worldwide. Despite this growth in parks, estimates show that the development of parks needs to catch up to users. Using a count data travel cost model, we estimate the adult user benefits associated with the Lauridsen Skatepark in Des Moines, Iowa – the largest in the United States [...] Read more

Journal Article
Financial Inclusion and Environmental Sustainability in Emerging and Developing Countries: Do control of corruption and trade openness matter?
by Emna Trabelsi  and  Thouraya Fhima
Abstract
This study investigates the impact of financial inclusion on environmental sustainability in 178 emerging and developing countries from 1996 to 2022. Employing a composite index derived through Principal Component Analysis (PCA) as a measure of financial inclusion and covering four aspects (access, depth, efficiency, stability), our analysis reveals negative outcomes. The findi [...] Read more
Hit Affiliation:
Department of Quantitative Methods, Higher Institute of Management of Tunis, Social and Economic Policy Analysis Laboratory, Bouchoucha City, Tunis, Tunisia

Journal Article
Informed Trading of Sell-Side Analysts: Evidence from Class Action Lawsuits
by Hyoseok David Hwang
Abstract
This paper examines whether sell-side analyst-affiliated investors trade stocks before their analysts release material information. Using class action lawsuits, I explore the pre-lawsuit periods and investigate how potentially informed analysts trade their covered firms. The event study finds that analyst-affiliated investors reduce their stockholdings of firms prior to their o [...] Read more

Journal Article
Critical condition for deposit insurance to partially or fully substitute for raising capital under cyclical economic environment
by Hong Mao , Krzysztof Ostaszewski  and  Jin Wang
Abstract
Regulation of financial institutions has two key purposes: Solvency (prudential regulation) and consumer protection. Prudential regulation is implemented mainly by capital requirements, but governments also provide insurance for customer deposits, as a backup tool. In this article, we discuss the critical conditions for deposit insurance and capitalization to act as substitutes [...] Read more

Journal Article
Agricultural Exports, Other Exports, Imports, and Economic Growth: An ARDL Approach for Tunisia
by Emna Trabelsi  and  Nesrine Kachout
Abstract
This paper aims to study and quantify the impact of agricultural exports on economic growth along with other variables in Tunisia. For that purpose, we estimate the relationship between GDP, agricultural exports, other exports, and imports by applying the ARDL approach under the period 1990-2020. The results show a negative and insignificant impact of agricultural exports on ec [...] Read more
Hit Affiliation:
Higher Institute of Management of Tunis, Social and Economic Policy Analysis Laboratory, University of Tunis, Tunis, Tunisia

Journal Article
Innovation with ecological sustainability: Does corporate environmental responsibility matter in green innovation?
by Xiaoli Hao , Wenqian Fu  and  Khaldoon Albitar
Abstract
Green innovation, driven by China's new development concept, plays a crucial role in high-quality economic development. In line with the green development trend, businesses increasingly prioritize whether their corporate environmental responsibilities (CER) can effectively enhance corporate green innovation (CGI) levels. This paper examines the influence and mechanism of CER on [...] Read more
Hit Affiliation:
China Economics and Management Academy, Central University of Finance and Economics, Beijing, China

Journal Article
Dynamics of deposit dollarization in Turkey
by A. Yasemin Yalta  and  A. Talha Yalta
Abstract
Deposit dollarization in Turkey has been on the rise, reaching record levels in 2022. This was caused by the worsening macroeconomic fundamentals along with the transition to the presidential system in 2018 and the associated deviation from the monetary policy stance afterward. The unique case of Turkey presents an excellent natural experiment to explore the dynamics of deposit [...] Read more

Journal Article
The Expanded Child Tax Credit and Educational Attainment in Rural, Majority-Minority Communities
by Ethan Bennett  and  Mengzhong Zhang
Abstract
Despite the status of the United States as one of the world’s economic superpowers, the country is plagued by child poverty. The issue of child poverty is most prominent in rural, majority-minority communities, where years of limited opportunity, often created by systematic oppression, have created a vicious cycle of economic despair. There are a number of policies that h [...] Read more

Journal Article
An Operational Framework for a Low-carbon, Green Growth Economy: CO-STIRPAT Dynamic System
by Ick Jin
Abstract
This paper presents an operational framework for assessing the trajectories of production, energy, emissions, and capital accumulation to ensure the implementation of Nationally Determined Contributions (NDCs). The framework combines widely used methodologies (STIRPAT, system dynamics, and optimization) to simulate the pathways of variables until a target year. The CO-STIRPAT d [...] Read more

Journal Article
Shifting Demographics and Economic Performance: Unraveling the Influence of Population Aging on GDP Dynamics and Regional Inequalities
by Eleonora Santos
Abstract
Understanding the economic trends and demographic dynamics of a country is crucial for policymakers and researchers to formulate effective strategies and policies. This study aims to examine the GDP trends and aging index dynamics in Portugal from 2011 to 2021, with a focus on regional disparities and their implications for demographic challenges. The findings highlight the rel [...] Read more

Journal Article
An overlapping generations version of Krugman’s world’s smallest macroeconomic model and fiscal deficit
by Yasuhito Tanaka
Abstract
This paper attempts to introduce an overlapping generations structure into Paul Krugman's "The world's smallest macroeconomic model" (Krugman (1999)) to examine the implications of fiscal policy, particularly fiscal deficits, in a framework suitable for policy analysis. In that paper, Krugman argued that under the price rigidity assumption, a shortage in the money supply leads [...] Read more

Journal Article
Fundamental character of the risk premium to influence the sustainability of the public debt
by Séverine Menguy
Abstract
Traditionally, conditions of sustainability of the public debt have long been related quite exclusively to fiscal policy and to budgetary parameters. However, the interaction between fiscal and monetary policies regarding the fixation of the interest rate is fundamental. Indeed, a simple analytical modelling shows that if the nominal interest rate increases exponentially with t [...] Read more

Journal Article
Business Cycles Synchronization: Literature Review
by Chrysostomos Stoforos , Stavros Degiannakis , Panagiotis Delis , George Filis  and  Theodosios Palaskas
Abstract
Following the seminal paper on Optimum Currency Areas (OCA) by Mundell (1961) a wealth of literature has been published on the business cycles synchronisation and its main determinants. This work provides a systematic review of this research field both at country-level synchronization and regional level. The paper aims to evaluate the contribution of the related literature&rsqu [...] Read more

Journal Article
Advanced Air Mobility, Economic Impacts, and Equity Considerations
by Robert M. McNab
Abstract
Advanced Air Mobility (AAM) may, in the coming decades, result in tens of thousands of new jobs and billions of dollars in additional economic activity. While much of the discussion surrounding AAM focuses on the technical aspects of the nascent industry, estimates of the potential economic impact vary significantly. Much less attention has been paid in the literature to potent [...] Read more

Journal Article
Technical and Vocational Education and Training in Asia and the Pacific –It’s Matter for Economic Performance with the 4th Industrial Revolution
by G.L.D. Wickramasinghe  and  Vathsala Wickramasinghe
Abstract
The very nature of work, labor market composition, and skill requirements are severely affected by technology-driven transformations currently underway with the 4th industrial revolution (4IR). The effect of 4IR technologies on technical and vocational education and training (TVET) and the contribution of TVET to the labor market is explicit. The paper presents the findings of [...] Read more

Journal Article
Assessing Corruption in Times of Crisis: Empirical Evidence from Greece
by Paraskevi Boufounou , Kanellos Toudas  and  Athanasia Georgiou
Abstract
The goal of this paper is to provide an overall presentation of corruption as occupational fraud building on the findings of an empirical study conducted in Greece. As uncertainty leads to increased levels of corruption, Greece was chosen due to the prolonged period of uncertainty the country faces, caused by the 2010 financial crisis and followed by the Covid pandemic crisis. [...] Read more

Journal Article
The high price of green energy: Adjustments in general equilibrium
by Henry Thompson
Abstract
The high price of energy due to green energy policy will cause adjustments across the US economy predicted in the present general equilibrium model that includes energy Btu input with capital and labor to produce manufactures and services. This same model in trade theory examines the effects of a tariff on an imported factor of production such as a natural resource or capital.& [...] Read more

Journal Article
How to stop economic growth
by F. L. Van Holthoon
Abstract
The answer to how to stop economic growth must be political rather than economic. Economic growth made by men has an impetus which can only be stopped by a deliberate choice. It takes national and international decisions to stop it. In order to organize a moratorium on economic growth (which eventually must lead to a stop on growth) I suggest to create blocks of nations in the [...] Read more