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Journal of Applied Economics
Scopus
ISSN 1667-6726 · Taylor & Francis Group · 369 articles in the index
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Journal Article
Optimization in volatility estimation for imperfect financial markets: a GARCH modeling analysis
This study aims to enhance the accuracy of volatility estimation in imperfect financial markets, particularly during the COVID-19 pandemic and non-pandemic periods. It also examines the dynamic behavior of volatility, focusing on how market imperfections influence volatility, particularly during…
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Journal Article
The essence of governance: decoding the impact of ESG on investor confidence in China
Using data from Chinese manufacturing firms (2015–2024), this study examines the association between ESG performance and investor confidence. It finds a clear hierarchy of materiality: governance (G) has a significantly stronger positive influence than environmental (E) and social (S) performance…
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Journal Article
Does technological diversity in M&A networks improve ESG performance?
This paper identifies the effect of technological diversification in M&A networks on corporate ESG (Environmental, Social, and Governance) performance. Using hand-collected IPC patent data, we construct firm-level M&A network measures within a five-year rolling window. We document a robust inverted…
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Journal Article
Reassigning who pays: fiscal authority division and air quality improvement in China
This study examines the impact of China’s reform of environmental fiscal authority and expenditure responsibilities on air pollution. Using city-level panel data and a difference-in-differences approach, we find that the reform significantly improved urban air quality. Mechanism analysis shows that…
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Journal Article
Distance matters: the limits of government in upgrading export enterprises—evidence from China
In this paper, using China's firm-level data (2000–2013), we provide empirical evidence of the government's limited role in enterprises' upgrading with the fixed effects model. We find that the distance between the government and enterprises in China generally shows an increasing trend from 2000 to…
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Journal Article
Can “digital finance and green finance” mitigate the impact of climate risk on enterprise development resilience?
As climate change continues to alter global ecological systems, it is also imposing significant pressure on corporate operations. This study empirically examines the theoretical mechanisms and transmission channels through which climate risk influences corporate resilience, focusing on China's…
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Journal Article
Does rainfall affect inflation? Evidence from Indonesia’s regional heterogeneity
This study analyzes the impact of seasonal rainfall variations on inflation in Indonesia, using panel data from 82 cities between 2014 and 2019. While prior research links weather conditions, particularly rainfall, to inflation through effects on agricultural production, our findings challenge this…
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Journal Article
Balancing efficiency and equity in classroom assignment under endogenous peer effects
This paper develops a three-step empirical framework to optimize classroom assignments under endogenous peer effects. First, we design PeerNN, a neural network modeling friendship formation, generating a linkage-intensity matrix ([Formula: see text]) that captures student popularity. Second, using…
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Journal Article
The causal relationship between green technologies, green innovation and GDP growth
This study investigates the relationship between green technologies, green innovation, and GDP growth across 85 countries over the periods 1990–2019 and 2009–2019. We employ a novel Granger non-causality test that accounts for cross-sectional dependence and heteroskedasticity. Our findings indicate…
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Journal Article
The U.S. debt ceiling standoff and financial markets’ reactions
This paper examines how investor sentiment influenced digital and traditional asset prices during the 2023 U.S. debt ceiling standoff. Using a novel sentiment index constructed from Google Trends data, we analyze the dynamic relationship between sentiment and market returns with wavelet coherence…
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Journal Article
The impact of shocks on the macroeconomy under endogenous and exogenous capital controls
This study examines the impact of TFP shock, world interest rate shock, domestic deposit rate shock, and fiscal policy shock on China's macroeconomic variables—such as capital credit scale and output growth rate—under the framework of endogenous and exogenous capital controls. Quantitative analysis…
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Journal Article
The role of educational institutions on unemployment in South Africa: evidence from the logistic regression model
Education should be a source of employment and a game-changer for poverty-stricken households. However, the number of educated households has increased over time in South Africa. Unemployment inherited from the apartheid regime remains stubbornly high, despite an increased number of educated…
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Journal Article
Rules versus reality in agricultural subsidies: entitlements, capture, and inequality
Agricultural subsidies are commonly regarded as an important policy instrument for stabilizing agricultural production, raising farm household income, and safeguarding food security. Yet the conversion of policy rules into payments actually received by rural households, and further into real…
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Journal Article
The impact of bond market liberalisation on corporate environmental greenwashing: empirical evidence from China
Using the 2017 launch of China’s “Bond Connect” as a quasi-natural experiment, this study applies a difference-in-differences (DID) model to a sample of A-share listed companies over the period 2009-2024 to examine the causal impact of bond market liberalisation on corporate environmental…
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Journal Article
A Spatial Durbin Model analysis of trust, financial development, and economic development across 51 countries (1989–2022)
This paper examines spatial interdependence and spillover associations involving generalised trust, financial development, and economic development across 51 countries from 1989 to 2022 using Spatial Durbin Models with geographic and genetic distance matrices. The results indicate strong spatial…
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Journal Article
A novel hybrid decision support methodology for data-driven comparative analysis of EU macroeconomic performance
This study aims to evaluate the macroeconomic performance of 24 European Union (EU) member countries for the period 2014–2023 using the data-driven Multi-Criteria Decision Making (MCDM) approach. In this context, an integrated weighting methodology combining Entropy and CRITIC techniques is applied…
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Journal Article
Do eco-innovations and disaggregated environmental taxes promote load capacity factor? Evidence from Australia
Environmental taxes have emerged as a key policy tool for internalizing environmental costs and promoting sustainable development. This study investigates the effects of eco-innovations and various types of environmental taxes on Australia's load capacity factor (LCF) from 1995Q1 to 2022Q4…
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Journal Article
Identifying gender disparities on the time to repay microfinance group loans: evidence from Mexico
This paper investigates how gender disparities affect the time to repay group micro-finance loans using survival analysis. We also control for the effect of the COVID-19 pandemic on the time needed by micro-finance loan borrowers to repay. We use a large sample of bank microfinance group loans from…
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Journal Article
Can voluntary environmental policies reduce surface black carbon concentrations? evidence from low-carbon city construction
Sustainable development is critical for the long-term growth of cities. Achieving harmonious development between the economy and the environment is an important goal pursued jointly by nations and cities. Environmental policies serve as a key driving force supporting cities in accomplishing…