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Economics
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The Open-Access, Open-Assessment E-Journal
The Open-Access, Open-Assessment E-Journal

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Economics's posts

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The recent financial crisis has demonstrated the importance of the housing sector in macroeconomic modeling. Existing macroeconomic models have difficulty in explaining two facts: the disconnect between house prices and the discounted sum of future rents; and the lead-lag relationship between residential investment and nonresidential investment. This paper presents an alternative model.



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China is now one of Tanzania’s biggest trading partners and increasingly important source of development finance. However, although the increased economic ties are likely to have bolstered economic growth, they have doubtless increased Tanzania’s vulnerability to the vagaries of the Chinese economy. What are the major external risks facing the Tanzanian economy? 

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Economic research has documented that individual politicians can play a significant role in shaping country level outcomes. Though the number of women in economic policy-making increased in OEDC countries over the last 30 years, findings for the effect of the gender-specific decisions on the governance of public spending are mixed so far. What share of female parliamentarians is needed to be relevant?

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Is VAT on financial services a good instrument for avoiding the systemic risks caused by the excessive size of the banking sector? Using the econometric technique of dynamic panel data models Julio López-Laborda and Guillermo Peña find that the financial VAT rate does not impact financial development.



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Currently, financial stress is threatening the fragile euro area recovery after 2009. But there seems to be no clear-cut definition of what financial stress exactly is and what the composed indicators are supposed to measure. This paper reveals different sources of financial stress and shows that the inclusion of several financial condition factors improves the forecast for euro area economic activity in the short run.



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This paper aims to analyze the economic aspect of online child abuse materials as a type of digital goods, and it discusses how new forms of commercial sexual exploitation such as crowdfunding and webcam child prostitution challenge the widely accepted policies on the fight against online child sexual abuse.



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Do low or high prices better signal quality? According to the longstanding economic wisdom, it depends on the comparison between two conflicting effects. The Nelson effect occurs whenever high-quality firms have a stronger incentive to attract consumers than low-quality firms do because high-quality goods succeed at generating repeat purchases. The Schmalensee effect occurs whenever low-quality firms have a stronger incentive to attract consumers than high-quality firms do because doing so yields high profits due to a lower production cost. This paper investigates how relevant or realistic these assumptions are.
http://www.economics-ejournal.org/economics/journalarticles/2017-5


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This paper sheds light on the relationship between foreign exchange rate fluctuations and firms’ export market dynamics using a firm-level production data from China National Bureau of Statistics and a firm-level trade data from China Customs over the period of 2000-2006.


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The key findings from a study by Mayvis Rebeira, Paul Grootendorst, Peter C. Coyte, and Victor Aguirregabiria show that there exists a long-run negative relationship between income inequality and mortality rates for OECD countries. Rising income inequality does not appear to negatively impact life-expectancy over the six decades. 

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The idea underlying the concept of convergence is that—under given circumstances—poor countries tend to grow faster than rich ones. The hypothesis of convergence is accepted with cross-sectional data but it is rejected if the time-series methodology is used. This paper presents a new and more appropriate methodology: quantile regressions. With this methodology, the authors are able to observe the existence of different steady states where a set of countries converge during a certain time.


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