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Applied economics letters
Chapman & Hall
Applied economics letters

Chapman & Hall

1350-4851

Applied economics letters/Journal Applied economics letters
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    Gendered laws and labour force participation

    Can Sever
    2681-2687页
    查看更多>>摘要：The laws that discriminate against women represent one of the most prevalent forms of gender inequality, hindering women's empowerment and economic outcomes. In this regard, this paper sheds light on the relationship between legal constraints on women and various labour force outcomes. Based on a global sample of countries over 1970-2019, the results show that legal gender equality helps countries bridge the gender gap in labour force participation. More-gender equal laws (ⅰ) translate into a larger share of women in the workforce, and (ⅱ) do not have a negative effect on that of men. As a result, legal gender equality also boosts labour force participation on aggregate. These patterns are long-lasting for upwards of 10 years. The findings point to a win-win situation: As countries repeal the laws that discriminate against women, which could be achievable in the shorter term, they can attain more inclusive and higher economic growth. This is even more important in the post-Covid-19 period, considering the adverse effects of the pandemic on gender inequality and economic growth.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    Does the construction of smart cities promote urban green innovation? Evidence from China

    Lingyue Qiu
    2688-2696页
    查看更多>>摘要：Based on panel data of 152 cities in China from 2005 to 2019, this study employs the difference-indifference model (DID) to empirically study the policy effect, mechanism, and heterogeneity of smart city construction on urban green innovation. The empirical results indicate that smart city construction promotes the quantity and quality of urban green innovation. The results also show regional heterogeneity, which depends on the underlying mechanisms, including the fiscal expenditure, personnel input, and information infrastructure. Furthermore, the impact of smart city construction on urban green innovation is more positive in cities with higher initial innovation conditions. This study provides new evidence for the innovation effects of smart infrastructure construction.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    Labour sharing in a duopoly model

    Junlong ChenYuan GeChaoqun SunZhenglin Sun...
    2697-2701页
    查看更多>>摘要：This paper constructed a duopoly model of labour sharing, analysed the equilibrium results of four scenarios, and made a comparative analysis. The results show that neither a labour gap nor a labour surplus is conducive to increased profits. Enterprises are positively inclined towards labour sharing if it would result in higher profits - a prerequisite for sharing. The cost of labour sharing affects the equilibrium results. Hence, the cost should be controlled within a reasonable range. Labour sharing has different effects on social welfare in different scenarios.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    Synergistic evolution of resilience and efficiency in the real estate industry: evidence from 35 large and medium-sized cities in China

    Linyan WangHaiqing HuXianzhu WangXincheng Zhang...
    2702-2710页
    查看更多>>摘要：This study measures the resilience and efficiency of the real estate industry in 35 large and medium-sized cities in China through the core variable method and the slacks-based measure of super-efficiency. The Haken model identifies the advantages of synergistic evolutionary states between systems and describes the synergistic evolution of resilience and efficiency in the real estate industry. The results show that (1) the evolution of the synergy in the real estate industry can be divided into three major cycles caused by the alternating effects of resilience and efficiency; (2) there are significant spatial and temporal differences in the evolution of the synergy between real estate resilience and efficiency, with the distribution of the synergy values being highly polarized; and (3) policy regulations tend to have short-term direct effects on the resilience of the real estate system, while for efficiency, the effects tend to be long-term and result in cross-cycle adjustments. This study enriches the literature on the robust and sustainable development of the real estate industry.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    Nowcasting domestic demand using a dynamic factor model: the case of Ireland

    Paul Egan
    2711-2716页
    查看更多>>摘要：The COVID-19 pandemic highlighted the need for timely information on the evolving economic impacts of such a crisis. During these periods, there is an increased need to understand the current state of the economy to guide the effective implementation of policy. This is made difficult by the fact that official estimates of economic indicators, such as those published by national statistical agencies, are released with a substantial lag. Using the case of Ireland, this article shows that the information contained in a panel of monthly economic indicators can be related to Quarterly National Accounts under the methodological framework of a dynamic factor model (DFM). The article also suggests that accounting for structural breaks improves the nowcasting performance of domestic demand.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    The impact of trade policy uncertainty on labour demand elasticity: evidence from China

    Renyu LiYan LuoTenglong Zhong
    2717-2724页
    查看更多>>摘要：Research on the effect of trade on labour demand elasticity is rich, but lacks studies on the effect of trade policy uncertainty. Using firm-level labour demand elasticity data from China, this paper supplements current research by presenting evidence for the impact of trade policy uncertainty on labour demand elasticity. Using the granting Permanent Normal Trade Relations (PNTR) status by the US to China as a quasi-natural experiment, this paper constructs a difference-in-differences model. The empirical results show that a reduction in trade policy uncertainty following the grant of PNTR status significantly reduces labour demand elasticity in China. The decrease in trade policy uncertainty thereby improves employment stability. This paper reveals the importance of cultivating a stable international trade policy environment for stabilizing the domestic job market.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    Don't stop me now! Effects of CEO turnover on the performance of public institutions

    Hoyong Jung
    2725-2731页
    查看更多>>摘要：This study explored the impact of CEO turnover during the term of office on public institutions' performance. We examined the unique situation of South Korea - using an exogenously generated remaining term of office due to former President Park Geun-hye's impeachment in 2017 as an instrumental variable (Ⅳ) for the event of CEO turnover - to identify causal relations. The results showed that public institutions' performance declined when the CEO was replaced after failing to serve the three-year term. Our findings suggest that safeguarding CEOs' stable positions from political influences is crucial to enhancing public institutions' performance.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    Economic policy uncertainty, corporate diversification, and corporate investment

    Zahid JumahZahid Irshad YounasMamdouh Abdulaziz Saleh Al-Faryan
    2732-2742页
    查看更多>>摘要：This study explores the moderating role of corporate diversification between economic policy uncertainty (EPU) and corporate investment relationship. Using firm-level panel data of US firms over the period 2000-2020, we show that corporate diversification positively moderates the negative impact of EPU on corporate investment by reducing financial constraints. The analysis indicates that diversification mitigates the adverse impact of EPU on US firms' investment. Furthermore, our results are robust to alternative proxies, subsample tests, selection bias, and endogeneity concerns. The findings are helpful from a managerial perspective, suggesting that diversification alleviates financial constraints, enabling firms to- mitigate the negative impact of EPU on investment.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    How does non-market economy structure work as a trade barrier?

    Saesin OhDongwoo LeeSang-Kee Kim
    2743-2748页
    查看更多>>摘要：This study investigates the effect of a non-market economy structure on the duopoly competition in which a foreign private firm competes with a state-owned enterprise in a non-market economy. By comparing with Singh and Vives (1984) and Matsumura and Ogawa (2012), we find that the non-market economic structure can function as a trade barrier and cause foreign firms to face discriminatory competition. The transition from a non-market economy to a market economy may sacrifice social welfare, which implies no more Pareto improvement.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis

    Price discovery in bitcoin spot or futures during the Covid-19 pandemic? Evidence from the time-varying parameter vector autoregressive model with stochastic volatility

    Azhar MohamadSarveshwar Kumar Inani
    2749-2757页
    查看更多>>摘要：This paper examines price discovery between bitcoin spot and futures using static measures, namely information share (IS), component share (CS), modified information share (MIS), information leadership share (ILS), impulse response, and a time-varying parameter vector autoregressive (TVP-VAR) model with stochastic volatility and Markov Chain Monte Carlo (MCMC) sampling algorithm. Our one-minute and daily datasets cover 16 months before and 16 months during the Covid-19 pandemic (November 2018 to June 2021). Our IS, CS, MIS and impulse response results indicate a stronger bitcoin spot leadership, whereas our ILS results point to a weaker bitcoin futures dominance, during the Covid-19 pandemic. We construe this, as far as microstructure noise is concerned, as meaning that the bitcoin price is discovered in the spot market, and its dominance appears to have strengthened during the pandemic. However, as far as 'pure speed' is concerned, price discovery takes place in the bitcoin futures market, and its leadership seems to have weakened during the Covid-19 pandemic. The results of the time-varying measure (TVP-VAR) imply that, before the pandemic, price discovery took place within bitcoin futures but, during the pandemic, price discovery leadership has changed course, to occur within bitcoin spot.
      原文链接:
    • NETL
    • NSTL
    • Taylor & Francis