Journal of Economic Studies
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Issue 1 1995
Abnormal returns and anti-leverage effect in the time of Russo-Ukrainian War 2022: evidence from oil, wheat and natural gas markets
Evangelos VasileiouThis study examines the impact of the Russo-Ukrainian War on the commodity markets of oil, wheat, and natural gas, in which these two countries play/have a dominant role…
Income inequality and polity – an empirical analysis of political Kuznets curve
Yongseung Han, Myeong Hwan KimFaced with contradictory outcomes in empirical studies on the relation between democracy and income inequality, this paper attempts to provide empirical relations between…
Inflation in Iran: an empirical assessment of the key determinants
Maryam Hemmati, Saleh S. Tabrizy, Yashar TarverdiTo study the key determinants of chronically high inflation in Iran.
The Financial Conditions Index as an additional tool for policy-makers in developing countries: the Mexican case
Salvatore Capasso, Oreste Napolitano, Ana Laura Viveros JiménezThe idea of this study is to provide a solid Financial Condition Index (FCI) that allows the monetary transmission policy to be monitored in a country which in recent…
Growing older and growing apart? Population age structure and trade
Joseph KopeckyThis paper explores the empirical relationship between population age structure and bilateral trade.
When should central banks engage in private sector securities purchases?
Bryane Michael, Viktoria DalkoThe authors aim to look at the conditions under which central bank easing – and specifically the purchase of private sector securities – can/should contribute to growth…
Does happiness raise test scores – does fear lower them – experimental evidence
Charles N. Noussair, Kierstin SeabackThe authors consider whether the emotional states of happiness and fear causally affect test performance using a new experiment. The paper aims to discuss this issue.
Does COVID-19 disrupt competition? Evidence from Iran
Kowsar Yousefi, Ali TaiebniaFollowing the COVID-19 outbreak, there are concerns whether economies are becoming farther from equality and competency. While this matters to every economy, it is more…
Credit quality determinants of banks: how important are bankruptcy reforms?
Saibal GhoshAlthough several microeconomic and macroeconomic factors driving banks' credit quality have been well-studied in the literature, one aspect which appears to have received…
Average-profit efficiency and optimal scale sizes with integer data and undesirable outputs
Somayye Karimi Omshi, Sohrab Kordrostami, Alireza Amirteimoori, Armin Ghane KanafiData envelopment analysis (DEA) is a significant method for measuring the relative efficiency of decision making units (DMUs) that use the least inputs, produce the most…
Economic network dynamics: a structural analysis of the international connectivity of Chinese manufacturing firms
Michele Lo Re, Eleonora Veglianti, Fabrizio Parente, Umberto Monarca, Cosimo MagazzinoThis paper explores international trade of the Chinese manufacturing industries through the lenses of network analysis (NA) to visualise the world trade network of the…
Should the monetary authorities be sensitive to inequality concerns? Empirical evidence for a panel of 62 countries
Juan Ignacio Martín-Legendre, Pablo Castellanos-García, José Manuel Sánchez-SantosThis paper aims to study, by means of an empirical approach, how monetary policy might affect the distribution of individual income.
Accept or reject a ride? This is the problem
Elaheh Fatemi Pour, Seyed Ali Madnanizdeh, Hosein JoshaghaniOnline ride-hailing platforms match drivers with passengers by receiving ride requests from passengers and forwarding them to the nearest driver. In this context, the low…
Does climate change concern alter individual tax preferences? Evidence from an Italian survey
Alessandro CascavillaThis paper analyzes the role that the climate change concern (CCCi) has on the willingness to accept an environmental tax. The author aims to grasp how individual general…
The financial market's ability to forecast economic growth: information from sectoral movements
Hardik MarfatiaFinancial market holds superior information that can give insights into the future trajectory of economic growth. Further, identifying sectors that hold the key to future…
Revisiting the finance-growth nexus in Hong Kong: fresh insights from nonparametric analysis
Hamza Almassri, Huseyin Ozdeser, Andisheh SaliminezhadSince financial sector plays a critical economic role in Hong Kong, the current research aims to comprehensively analyze the association between financial development and…
High short interest stocks performance during the Covid-19 crisis: an informational efficacy measure based on permutation-entropy approach
Fotios SiokisThe author examine the performance of a number of high short interest stocks along with the prices of the GameStop stock and three major stock exchange indices…
Economic policy uncertainty and the UK demand for money: evidence from the inter-war period
Taufiq ChoudhryThis paper empirically investigates the effect of economic policy uncertainty (EPU) on the UK money demand stability during the inter-war period (1920–1938). Both a narrow…
The effects of conventional and unconventional monetary policy on the unemployment rate in the US
Pradyumna DashThe purpose of this paper is to investigate the impact of the Federal Reserve's conventional and unconventional monetary policy shocks on the US unemployment rate.
Dynamic association of economic policy uncertainty with oil, stock and gold: a wavelet-based approach
Rajat Kumar Soni, Tanuj Nandan, Niti Nandini ChatnaniThis research unfolds a holistic association between economic policy uncertainty (EPU) and three important markets (oil, stock and gold) in the Indian context. To do same…
Measurement and determinants of corruption across Indian states
Kumar Shaurav, Badri Narayan RathThe purpose of this paper is to measure and investigate the determinants of corruption across Indian states.
From the “age of instability” to the “age of responsibility”: economic uncertainty and sustainable investments
Rocco Caferra, Pasquale Marcello FalconeThis paper sets out to investigate investors' sustainable preferences under different market conditions. Specifically, the authors examine the existence of a positive…
Investor bias, risk and price volatility
Ali Yavuz PolatThis study proposes a framework based on salience theory and shows that focusing on one type of risk (idiosyncratic or systemic) can explain overpricing of securities ex…
Economic growth, poverty traps and cycles: productive capacities versus inefficiencies
Germana Giombini, Francesca Grassetti, Edgar Sanchez CarreraThe authors analyse a growth model to explain how economic fluctuations are primarily driven by productive capacities (i.e. capacity utilization driven by innovations and…
Governmental stability and emigration in Sub-Saharan Africa: the role of skills and gender
Cristian Barra, Nazzareno RuggieroUsing data for a set of 32 Sub-Saharan countries over the years 2000, 2005 and 2010, the paper investigates the effects of domestic governmental stability upon emigration…
A Russian carol: impact and dependence on global equity markets during the Ukraine invasion
Victoria Ferrández Serrano, Pedro L. Angosto-FernándezThe authors present a study of the short-term impact of the Russian–Ukrainian war on global equity returns. The study aims to show that the conflict was priced into…
Deal or No Deal: comparing individual and group choices in a risky context
Andrea Morone, Marco Santorsola, Paola TiranzoniThe authors believe that comparing individuals to groups' decision making is crucial provided that many important choices in society are made by groups, i.e. committees…
Tertiary education for all and wage inequality: policy insights from quantile regression
Corrado AndiniThe aim is to assess how a policy of tertiary education for all affects the shape of the unconditional earnings distribution.
College student loan debt and income inequality in the US: national and regional evidence
Nicholas ApergisThis study explores the role of rising US student loan debt in explaining income inequality.
The impact of declining birth rates on future infrastructure maintenance costs per capita
John D. McCollough, Gevorg Sargsyan, Zhe LuoThis paper focuses on one vital consequence which is that future infrastructure maintenance cost per capita will increase. Using a sample of 23 developed countries, this…
COVID-19, lockdown measures and their impact on food and healthcare prices: empirical evidence using a dynamic ARDL model
Bisharat Hussain Chang, Raheel Gohar, Omer Faruk Derindag, Emmanuel UcheThis research examines the impact of lockdown stringency measures and COVID-19 cases on food and healthcare prices in six Brazil, Russia, India, China, South Africa and…
Dynamics of national development and regional disparity: evidence from 184 countries
Vivek JadhavThe existence of the regional Kuznets curve, i.e. an inverted U-shaped relationship between regional disparity and economic development is widely debated and discussed…
Trade effects of a negative export shock on direct exporters and wholesalers
Mathias JuustThis paper aims to investigate the effects of a multifaceted negative Russian export shock of 2014 on the exports Estonian firms that exported non-embargoed goods to Russia.
The real exchange rate and services export diversification
Sèna Kimm GnangnonThe relationship between real exchange rate and services export diversification is at the heart of this study.
Granular inflation spillovers
Leon Esquierro, Sergio Da SilvaThe authors test the granularity hypothesis to international inflation spillovers using annual exports and inflation data for 138 countries from 1991 to 2020. This study…
Gaining more, producing less: the link between an obese workforce and firm-level productivity
Ummad MazharThe health costs associated with obesity are increasing in developed and emerging economies. Particularly important, though remaining underexplored, is the overall impact…
Fat tails and network interlinkages of crude oil and cryptocurrency during the COVID-19 health crisis
Le Thanh HaThe authors attempt to explore fat tails and network interlinkages of oil prices and the six largest cryptocurrencies from 1st January 2018 and 1st August 2021. The…
Model comparison in German stock returns
Michael O'ConnellIn order to provide an updated view on the drivers of German stock returns, the authors evaluate the relative performance of nine competing neoclassical asset pricing…
The relationship between city size, decentralisation and economic growth
John Paul Clifford, Justin Doran, Frank Crowley, Declan JordanThis article examines the links between average city size, fiscal decentralisation, and national economic growth in 33 Organisation for Economic Co-operation and…
Government failures and non-performing loans in Asian countries
Maria Daniela Giammanco, Lara Gitto, Ferdinando OfriaNon-performing loans (NPLs) may determine an overall weakness of the banking system within a country. The purpose of the present study is to analyze the impact of…
Does financial development has (a)symmetric effect on environmental quality: insights from South Africa
James Temitope Dada, Titus Ayobami Ojeyinka, Mamdouh Abdulaziz Saleh Al-FaryanThis paper investigates the (a)symmetric effects of financial development in the presence of economic growth, energy consumption, urbanization and foreign direct…
Time-varying predictability of financial stress on inequality in United Kingdom
Edmond Berisha, David Gabauer, Rangan Gupta, Jacobus NelExisting empirical evidence suggests that episodes of financial stress (crises) can act as driver of growth of inequality. Consequently, in this study, the authors explore…
Financial sector development, trade and income inequality: regional perspectives using evidence from macro and firm-specific data
Biruk Birhanu Ashenafi, Yan DongThe purpose of this study is to firstly, find out does the relationship between finance, trade and income inequality provides matching evidence using the macro- and…
Weather, mobility and the evolution of the Covid-19 pandemic
Corinna Ghirelli, Andrea Gonzalez, Jose Luis Herrera, Samuel HurtadoThe authors investigate the effect of weather and mobility on the spread of the Covid-19 pandemic.
The dynamic relationship of cryptocurrencies with supply chain and logistics stocks – the impact of COVID-19
Theodoros DaglisThe COVID-19 pandemic is known to have affected the logistics and supply chains; however, there is no adequate empirical evidence to prove in which way it has affected the…
Spillover effects of corruption: evidence from China's anti-corruption campaign
Daniel Sungyeon Kim, Lizhe Luo, Domenico Tarzia, Giovanni Vittorino, Andros GregoriouThe authors study the effectiveness of the anti-corruption campaign in all of mainland China's provinces in terms of risk and volatility spillovers.
Gold, crude oil, bitcoin and Indian stock market: recent confirmation from nonlinear ARDL analysis
Suresh Kumar, Ankit Kumar, Gurcharan SinghThis paper investigates the causality among gold prices, crude oil prices, bitcoin and stock prices by using daily data from January 2014 to December 2021. The study also…
The non-linear effects of fixed broadband on economic growth in Africa
Jean C. Kouam, Simplice AsonguThe study assesses the non-linear nexus between fixed broadband and economic growth. The study focuses on data from 33 African countries for the period 2010 to 2020.
COVID lessons: was there any way to reduce the negative effect of COVID-19 on the United States economy?
Mohammadreza MahmoudiThis paper aims to assess the economic impact of uniform COVID-controlling policies that were implemented by the US government in 2020 and compare it with hypothetical…
Credit-to-GDP ratios – non-linear trends and persistence: evidence from 44 OECD economies
Juan Carlos Cuestas, Luis A. Gil-Alana, María MalmiercaIn particular, in this article, the authors investigate the degree of persistence in the credit-to-gross domestic product (GDP) ratio in 44 Organisation for Economic…
Financial services and firm performance, are there any differences by size? Worldwide evidence using firm-level data
Zakaria Elouaourti, Elhadj EzzahidDo financial services needs depend on the firm size? To highlight the impact of different categories of financial services on firm performance, we establish a…
Managing the job guarantee public policy schemes: a strategic approach
Dipankar DasTo run a job guarantee public policy scheme, it is important to know the aspiration level or the reference point of labor, and accordingly, the labor hour and the wage…
The impact of influential shareholders on corporate dividend policy: evidence from Russia
Tatiana Ershova, Marina Zavertiaeva, Dmitry KirpishchikovThis study examines the impact of influential shareholders, namely, state and influential businessmen, on the dividend policies of firms. A special focus is made on the…
Social capital, poverty alleviation and complexity in Africa. Evidence from rural areas
Raffaele Scuderi, Giuseppe Tesoriere, Vincenzo Fasone, Giulio PedriniThe aim is to discuss the role of social capital in alleviating poverty in the rural setting of Africa by viewing it as an individual and collective asset.
Evaluating the interactive effect of domestic and global stock market variables on the depth of the financial system in Sub-Saharan African countries: a panel ARDL approach
Ebere Ume Kalu, Augustine Chuck Arize, Sylvester Okechukwu Ilo, Ifeoma Ihegboro, Chiamaka Goodness EzeThis study investigated the interactive impact of global and domestic stock market variables on the depth of the financial system in Sub-Saharan African (SSA) countries…
Equity market integration in emerging economies: a network visualization approach
Aswini Kumar Mishra, Anand Theertha, Isha Mahesh Amoncar, Manogna R LThe authors examine network features such as connectivity, centrality, adjacency matrices, closeness and betweenness measures through a variety of indicators. The results…
Financial stability and monetary policy of the Central Bank of West African Countries: a Markov-Switching model
Honoré Sèwanoundé Houngbédji, Nassibou BassonguiThis paper aims to examine the response of monetary policy to financial instability in the West African Economic and Monetary Union.
Dividend policy, its asymmetric behavior and stock liquidity
Fatima N. Ali Taher, Mohammad Al-ShboulThis paper examines the impact of dividend policy on stock market liquidity, and whether the dividend payouts has an asymmetric effect on stock liquidity.
The relevance of national culture to policy uncertainty and firm performance: European evidence
Tanveer Ahsan, Muhammad Azeem Qureshi, Ammar Ali Gull, Fazal MuhammadThe purpose of this study is to investigate the impact of policy uncertainty on firm performance and to examine how the different cultural societies deal with the…
Portfolio diversification impact of oil and asymmetric interaction between oil, equity and bonds in the global market: fresh evidence from alternative approaches
Abdulnasser Hatemi-J, Eduardo Roca, Alan MustafaIn addition to the seminal approach of Markowitz (1952) that is based on finding the optimal budget shares for minimizing risk, the authors also make use of the approach…
Asymmetric and threshold effects of FinTech on poverty in SSA countries
Noha EmaraThe purpose of this paper is to analyze the dynamic asymmetric relationship between financial technology (FinTech) adoption and poverty alleviation on annual data for the…
Analysis of the prevalence of extreme poverty in Africa South of the Sahara: do geographical proximity and corruption spillovers matter?
Olumide Olusegun OlaoyeThe paper investigates the prevalence of extreme poverty in a panel of 39 sub-Saharan African (SSA) countries over the period 2000–2018 while accounting for spillover effects.
On the differential response of loans to shocks in the USA
Gianluca CafisoThe purpose of this paper is to gain insights useful to explain the loan puzzle: the unexpected increase of loans to firms in case of a monetary tightening. To this end…
Investigating the impact of ICT-trade nexus on competitiveness in Eastern and Western European countries
Özgür Bayram Soylu, Bosede Ngozi Adeleye, Murat Ergül, Fatih Okur, Daniel Balsalobre LorenteSince competitiveness is crucial in international trade, this paper contributes to the literature by interrogating the information and communication technology (ICT)-trade…
Does hiring a manager improve efficiency – owner vs. non-owner management control of rice mills
Eucabeth Majiwa, Boon Lee, Jonas Månsson, Clevo WilsonIn this study, the impact of owner-operator and non-owner operator rice mills on productive efficiency is investigated.
High-tech gazelle firms at various stages of evolution: performance and distinctive features
Vladislav Spitsin, Darko Vukovic, Alexander Mikhalchuk, Lubov Spitsina, Daria NovoseltsevaThe purpose of this study is the detection and comparison of distinctive features of Gazelle firms (GFs) at three stages evolution outside the typical boundaries.
The political determinants of country crises
Alexandre Hilmário de Oliveira SiqueiraCountry crises can provoke damages to a country's economic activity and citizens in a way that will always demand a deeper understanding of their determinants. Political…
Symmetric or asymmetric: how is Nigeria's bilateral trade balance responding to oil price and exchange rate changes?
Oliver E. Ogbonna, Hyacinth E. IchokuThe experience of rising trade imbalance between Nigeria and its key trading partners in recent years motivated this study. Previous studies on this issue either ignored…
The long-run equilibrium in the context of COVID-19 pandemic
Agnieszka Lipieta, Artur LipietaA serious problem in the pandemic days is that in this period many firms face difficulties with remaining on the market. It causes that the entrepreneurs do not undertake…
The impact of trade unions and government party orientation on income inequality: evidence from 17 OECD economies
Constantinos Alexiou, Emmanouil TrachanasDespite the existing conceptual analysis on the impact of trade unions on employees' welfare and the wider economy, the mediating effect of political party orientation…
Bubble detection in Bitcoin and Ethereum and its relationship with volatility regimes
Renan Diniz, Diogo de Prince, Leandro MacielThe aim of this paper is to test the existence of bubbles for the daily prices of cryptocurrencies Bitcoin and Ethereum and verify if there is a relationship between…
Interlinkages of cryptocurrency and stock markets during COVID-19 pandemic by applying a TVP-VAR extended joint connected approach
Le Thanh HaThe purpose of this paper is to study the interlinkages between the cryptocurrency and stock market by characterizing their connectedness starting from January 1, 2018 to…
ISSN:
0144-3585Online date, start – end:
1974Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Prof Mohsen Bahmani-Oskooee
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