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  Subjects -> BUSINESS AND ECONOMICS (Total: 3581 journals)
    - ACCOUNTING (121 journals)
    - BANKING AND FINANCE (309 journals)
    - BUSINESS AND ECONOMICS (1296 journals)
    - COOPERATIVES (4 journals)
    - ECONOMIC SCIENCES: GENERAL (211 journals)
    - HUMAN RESOURCES (97 journals)
    - INSURANCE (27 journals)
    - INTERNATIONAL COMMERCE (140 journals)
    - INVESTMENTS (23 journals)
    - MACROECONOMICS (17 journals)
    - MANAGEMENT (584 journals)
    - MARKETING AND PURCHASING (105 journals)
    - MICROECONOMICS (24 journals)
    - PUBLIC FINANCE, TAXATION (41 journals)

BUSINESS AND ECONOMICS (1296 journals)                  1 2 3 4 5 6 7 | Last

Showing 1 - 200 of 1566 Journals sorted alphabetically
4OR: A Quarterly Journal of Operations Research     Hybrid Journal   (Followers: 10)
Abacus     Hybrid Journal   (Followers: 16)
Accounting Forum     Hybrid Journal   (Followers: 28)
Acta Amazonica     Open Access   (Followers: 6)
Acta Commercii     Open Access   (Followers: 4)
Acta Oeconomica     Full-text available via subscription   (Followers: 3)
Acta Scientiarum. Human and Social Sciences     Open Access   (Followers: 9)
Acta Universitatis Danubius. Œconomica     Open Access   (Followers: 3)
Acta Universitatis Lodziensis : Folia Geographica Socio-Oeconomica     Open Access  
Acta Universitatis Nicolai Copernici Zarządzanie     Open Access   (Followers: 4)
AD-minister     Open Access   (Followers: 3)
Adam Academy : Journal of Social Sciences / Adam Akademi : Sosyal Bilimler Dergisi     Open Access   (Followers: 3)
AdBispreneur : Jurnal Pemikiran dan Penelitian Administrasi Bisnis dan Kewirausahaan     Open Access  
Admisi dan Bisnis     Open Access  
ADR Bulletin     Open Access   (Followers: 6)
Advances in Developing Human Resources     Hybrid Journal   (Followers: 29)
Advances in Economics and Business     Open Access   (Followers: 18)
AfricaGrowth Agenda     Full-text available via subscription   (Followers: 2)
African Affairs     Hybrid Journal   (Followers: 66)
African Business     Full-text available via subscription   (Followers: 2)
African Development Review     Hybrid Journal   (Followers: 40)
African Journal of Business and Economic Research     Full-text available via subscription   (Followers: 7)
African Journal of Business Ethics     Open Access   (Followers: 6)
African Review of Economics and Finance     Open Access   (Followers: 5)
Afro Eurasian Studies     Open Access  
Afro-Asian Journal of Finance and Accounting     Hybrid Journal   (Followers: 8)
Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi     Open Access   (Followers: 3)
Agronomy     Open Access   (Followers: 12)
Akademik Yaklaşımlar Dergisi     Open Access  
Akademika : Journal of Southeast Asia Social Sciences and Humanities     Open Access   (Followers: 7)
Alphanumeric Journal : The Journal of Operations Research, Statistics, Econometrics and Management Information Systems     Open Access   (Followers: 5)
American Economic Journal : Applied Economics     Full-text available via subscription   (Followers: 237)
American Enterprise Institute     Free   (Followers: 2)
American Journal of Business     Hybrid Journal   (Followers: 20)
American Journal of Business and Management     Open Access   (Followers: 58)
American Journal of Business Education     Open Access   (Followers: 13)
American Journal of Economics and Business Administration     Open Access   (Followers: 30)
American Journal of Economics and Sociology     Hybrid Journal   (Followers: 37)
American Journal of Evaluation     Hybrid Journal   (Followers: 16)
American Journal of Finance and Accounting     Hybrid Journal   (Followers: 23)
American Journal of Health Economics     Full-text available via subscription   (Followers: 15)
American Journal of Industrial and Business Management     Open Access   (Followers: 25)
American Journal of Medical Quality     Hybrid Journal   (Followers: 9)
American Law and Economics Review     Hybrid Journal   (Followers: 28)
ANALES de la Universidad Central del Ecuador     Open Access   (Followers: 3)
Ankara University SBF Journal     Open Access  
Annales de l'Institut Henri Poincare (C) Non Linear Analysis     Full-text available via subscription   (Followers: 1)
Annals in Social Responsibility     Full-text available via subscription  
Annals of Finance     Hybrid Journal   (Followers: 34)
Annals of Operations Research     Hybrid Journal   (Followers: 10)
Annual Review of Economics     Full-text available via subscription   (Followers: 42)
Anuario Facultad de Ciencias Económicas y Empresariales     Open Access   (Followers: 2)
Applied Developmental Science     Hybrid Journal   (Followers: 3)
Applied Economics     Hybrid Journal   (Followers: 54)
Applied Economics Letters     Hybrid Journal   (Followers: 32)
Applied Financial Economics     Hybrid Journal   (Followers: 29)
Applied Mathematical Finance     Hybrid Journal   (Followers: 7)
Applied Stochastic Models in Business and Industry     Hybrid Journal   (Followers: 6)
Apuntes Universitarios     Open Access   (Followers: 1)
Arab Economic and Business Journal     Open Access   (Followers: 7)
Archives of Business Research     Open Access   (Followers: 8)
Arena Journal     Full-text available via subscription   (Followers: 1)
Argomenti. Rivista di economia, cultura e ricerca sociale     Open Access   (Followers: 4)
ASEAN Economic Bulletin     Full-text available via subscription   (Followers: 7)
Asia Pacific Business Review     Hybrid Journal   (Followers: 10)
Asia Pacific Journal of Human Resources     Hybrid Journal   (Followers: 325)
Asia Pacific Journal of Innovation and Entrepreneurship     Open Access   (Followers: 1)
Asia Pacific Viewpoint     Hybrid Journal  
Asia-Pacific Journal of Business Administration     Hybrid Journal   (Followers: 6)
Asia-Pacific Journal of Operational Research     Hybrid Journal   (Followers: 3)
Asia-Pacific Management and Business Application     Open Access   (Followers: 1)
Asian Business Review     Open Access   (Followers: 4)
Asian Case Research Journal     Hybrid Journal   (Followers: 1)
Asian Development Review     Open Access   (Followers: 15)
Asian Economic Journal     Hybrid Journal   (Followers: 11)
Asian Economic Papers     Hybrid Journal   (Followers: 8)
Asian Economic Policy Review     Hybrid Journal   (Followers: 5)
Asian Journal of Accounting and Governance     Open Access   (Followers: 4)
Asian Journal of Business Ethics     Hybrid Journal   (Followers: 11)
Asian Journal of Social Sciences and Management Studies     Open Access   (Followers: 8)
Asian Journal of Sustainability and Social Responsibility     Open Access   (Followers: 2)
Asian Journal of Technology Innovation     Hybrid Journal   (Followers: 8)
Asian-pacific Economic Literature     Hybrid Journal   (Followers: 8)
AStA Wirtschafts- und Sozialstatistisches Archiv     Hybrid Journal   (Followers: 5)
ATA Journal of Legal Tax Research     Hybrid Journal   (Followers: 4)
Atlantic Economic Journal     Hybrid Journal   (Followers: 13)
Australasian Journal of Regional Studies, The     Full-text available via subscription   (Followers: 1)
Australian Cottongrower, The     Full-text available via subscription   (Followers: 1)
Australian Economic Papers     Hybrid Journal   (Followers: 39)
Australian Economic Review     Hybrid Journal   (Followers: 4)
Australian Journal of Maritime and Ocean Affairs     Hybrid Journal   (Followers: 9)
Balkan Region Conference on Engineering and Business Education     Open Access   (Followers: 2)
Baltic Journal of Real Estate Economics and Construction Management     Open Access   (Followers: 2)
Banks in Insurance Report     Hybrid Journal   (Followers: 1)
BBR - Brazilian Business Review     Open Access   (Followers: 5)
Benchmarking : An International Journal     Hybrid Journal   (Followers: 11)
Benefit : Jurnal Manajemen dan Bisnis     Open Access   (Followers: 1)
BER : Consumer Confidence Survey     Full-text available via subscription   (Followers: 4)
BER : Economic Prospects : An Executive Summary     Full-text available via subscription   (Followers: 2)
BER : Economic Prospects : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Intermediate Goods Industries Survey     Full-text available via subscription   (Followers: 1)
BER : Manufacturing Survey : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Motor Trade Survey     Full-text available via subscription  
BER : Retail Sector Survey     Full-text available via subscription   (Followers: 1)
BER : Retail Survey : Full Survey     Full-text available via subscription   (Followers: 1)
BER : Survey of Business Conditions in Building and Construction : An Executive Summary     Full-text available via subscription   (Followers: 3)
BER : Survey of Business Conditions in Manufacturing : An Executive Summary     Full-text available via subscription   (Followers: 3)
BER : Survey of Business Conditions in Retail : An Executive Summary     Full-text available via subscription   (Followers: 3)
BER : Trends : Full Survey     Full-text available via subscription   (Followers: 1)
BER : Wholesale Sector Survey     Full-text available via subscription  
Berkeley Business Law Journal     Free   (Followers: 10)
Beta : Scandinavian Journal of Business Research     Full-text available via subscription  
Beykent Üniversitesi Sosyal Bilimler Dergisi     Open Access  
Bio-based and Applied Economics     Open Access   (Followers: 2)
Biodegradation     Hybrid Journal   (Followers: 1)
Biology Direct     Open Access   (Followers: 9)
Bitlis Eren Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Akademik İzdüşüm Dergisi     Full-text available via subscription  
BizInfo (Blace) Journal of Economics, Management and Informatics     Open Access   (Followers: 1)
Black Enterprise     Full-text available via subscription  
Board & Administrator for Administrators only     Hybrid Journal  
Boletim Técnico do Senac     Open Access  
Border Crossing : Transnational Working Papers     Open Access   (Followers: 4)
Briefings in Real Estate Finance     Hybrid Journal   (Followers: 5)
British Journal of Industrial Relations     Hybrid Journal   (Followers: 40)
Brookings Papers on Economic Activity     Open Access   (Followers: 61)
Brookings Trade Forum     Full-text available via subscription   (Followers: 3)
BRQ Business Research Quarterly     Open Access   (Followers: 2)
Building Sustainable Legacies : The New Frontier Of Societal Value Co-Creation     Full-text available via subscription   (Followers: 1)
Bulletin of Economic Research     Hybrid Journal   (Followers: 19)
Bulletin of Geography. Socio-economic Series     Open Access   (Followers: 5)
Bulletin of Indonesian Economic Studies     Hybrid Journal   (Followers: 4)
Bulletin of the Dnipropetrovsk University. Series : Management of Innovations     Open Access   (Followers: 1)
Business & Entrepreneurship Journal     Open Access   (Followers: 22)
Business & Information Systems Engineering     Hybrid Journal   (Followers: 6)
Business & Society     Hybrid Journal   (Followers: 12)
Business : Theory and Practice / Verslas : Teorija ir Praktika     Open Access   (Followers: 1)
Business and Economic Research     Open Access   (Followers: 10)
Business and Management Horizons     Open Access   (Followers: 13)
Business and Management Research     Open Access   (Followers: 21)
Business and Management Studies     Open Access   (Followers: 13)
Business and Professional Communication Quarterly     Hybrid Journal   (Followers: 7)
Business and Society Review     Hybrid Journal   (Followers: 6)
Business Economics     Hybrid Journal   (Followers: 15)
Business Ethics Quarterly     Full-text available via subscription   (Followers: 14)
Business Ethics: A European Review     Hybrid Journal   (Followers: 19)
Business Horizons     Hybrid Journal   (Followers: 12)
Business Information Review     Hybrid Journal   (Followers: 15)
Business Management and Strategy     Open Access   (Followers: 42)
Business Research     Hybrid Journal   (Followers: 3)
Business Strategy and the Environment     Hybrid Journal   (Followers: 14)
Business Strategy Review     Hybrid Journal   (Followers: 11)
Business Strategy Series     Hybrid Journal   (Followers: 7)
Business Systems & Economics     Open Access   (Followers: 2)
Business Systems Research Journal     Open Access   (Followers: 5)
Business, Economics and Management Research Journal : BEMAREJ     Open Access   (Followers: 3)
Business, Management and Education     Open Access   (Followers: 19)
Business, Peace and Sustainable Development     Full-text available via subscription   (Followers: 5)
Business: Theory and Practice     Open Access  
Bustan     Hybrid Journal  
Cadernos EBAPE.BR     Open Access   (Followers: 1)
Cambridge Journal of Economics     Hybrid Journal   (Followers: 71)
Cambridge Journal of Regions, Economy and Society     Hybrid Journal   (Followers: 12)
Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l Administration     Hybrid Journal   (Followers: 1)
Canadian Journal of Economics/Revue Canadienne d`Economique     Hybrid Journal   (Followers: 42)
Canadian journal of nonprofit and social economy research     Open Access   (Followers: 3)
Capitalism Nature Socialism     Hybrid Journal   (Followers: 20)
Cappadocia Academic Review     Open Access  
Case Studies in Business and Management     Open Access   (Followers: 11)
CBU International Conference Proceedings     Open Access   (Followers: 3)
Central European Business Review     Open Access   (Followers: 1)
Central European Journal of Operations Research     Hybrid Journal   (Followers: 5)
Central European Journal of Public Policy     Open Access   (Followers: 3)
CESifo Economic Studies     Hybrid Journal   (Followers: 23)
Chain Reaction     Full-text available via subscription  
Challenge     Full-text available via subscription   (Followers: 5)
China & World Economy     Hybrid Journal   (Followers: 19)
China : An International Journal     Full-text available via subscription   (Followers: 20)
China Economic Journal : The Official Journal of the China Center for Economic Research (CCER) at Peking University     Hybrid Journal   (Followers: 15)
China Economic Review     Hybrid Journal   (Followers: 14)
China Finance Review International     Hybrid Journal   (Followers: 6)
China Nonprofit Review     Hybrid Journal   (Followers: 3)
China perspectives     Open Access   (Followers: 12)
Chinese Economy     Full-text available via subscription   (Followers: 2)
Ciência & Saúde Coletiva     Open Access   (Followers: 2)
Ciencia Sociales y Económicas     Open Access  
CLIO América     Open Access   (Followers: 2)
Cliometrica     Hybrid Journal   (Followers: 5)
COEPTUM     Open Access  
Community Development Journal     Hybrid Journal   (Followers: 27)
Compendium : Cuadernos de Economía y Administración     Open Access  
Compensation & Benefits Review     Hybrid Journal   (Followers: 8)
Competition & Change     Hybrid Journal   (Followers: 11)
Competitive Intelligence Review     Hybrid Journal   (Followers: 2)
Competitiveness Review : An International Business Journal incorporating Journal of Global Competitiveness     Hybrid Journal   (Followers: 5)
Computational Economics     Hybrid Journal   (Followers: 10)
Computational Mathematics and Modeling     Hybrid Journal   (Followers: 10)
Computer Law & Security Review     Hybrid Journal   (Followers: 16)
Computers & Operations Research     Hybrid Journal   (Followers: 12)
Construction Innovation: Information, Process, Management     Hybrid Journal   (Followers: 14)
Contemporary Wales     Full-text available via subscription   (Followers: 1)

        1 2 3 4 5 6 7 | Last

Similar Journals
Journal Cover
Atlantic Economic Journal
Journal Prestige (SJR): 0.165
Number of Followers: 13  
  Hybrid Journal Hybrid journal (It can contain Open Access articles)
ISSN (Print) 1573-9678 - ISSN (Online) 0197-4254
Published by Springer-Verlag Homepage  [2351 journals]
  • Correction to: Voter ID Laws and Voter Turnout
    • Abstract: The name of the third author was incorrect in the initial online publication. The original article has been corrected.
      PubDate: 2019-06-14
  • Impact of Market Concentration on Employment and Wages: a Look at the
           Insurance Industry
    • Abstract: The falling share of labor in national income is a global concern. This study examined the impact of changes in market concentration ratios in the insurance industry on employment, the share of wages, sales (premiums), and annual wages. Panel data were analyzed for the period 2001 to 2012 for the life, property, and health insurance industries, available from the Bureau of Economic Analysis, Bureau of Labor Statistics, and SNL Financial Analysis database. Using a fixed effects model, we found that higher market concentration was associated with lower employment in the industry and a lower share of wages. However, there was no statistically significant association between concentration and average annual wage. Moreover, there was evidence that market concentration is positively associated with higher total sales (premiums received by the companies). Thus, we conclude that lower employment is not driven by the poor economic performance of the industry.
      PubDate: 2019-06-11
  • Firm Heterogeneity and Exports: Stylized Facts from Greek Firms
    • Abstract: The paper presents a set of empirical regularities that characterize the activity of Greek exporters. Using a unique data set of Greek manufacturing firms with firm-level exports, credit scores and other financial variables for the 2003–2015 period, we find that export value increases with the firm’s size, labour productivity, the skill premium of wages and the employment ratio in research and development activities. Moreover, the results indicate that less credit-constrained Greek exporters with higher credit scores export more.
      PubDate: 2019-06-06
  • Voter ID Laws and Voter Turnout
    • Abstract: In recent years, many states have enacted laws imposing strict identification requirements for voting. Proponents contend such laws are necessary to prevent voter fraud while opponents claim the laws disenfranchise legitimate voters, particularly black and Hispanic voters. This paper uses data from 2000 to 2014 federal elections to examine whether these new identification laws reduce voter turnout, either overall or among minority groups. The results provide no evidence that strict identification laws affect overall turnout or black turnout. However, the results do indicate a small reduction in Hispanic turnout, but this effect is statistically significant only if state fixed effects are not included in the estimation.
      PubDate: 2019-06-04
  • Lessons from the Greek Crisis: Past, Present, Future
    • Abstract: The Greek crisis has taken a heavy toll on incomes, employment and wealth. It took eight years, three adjustment programmes, one major debt restructuring and three rounds of bank recapitalization to resolve the crisis. Several factors can explain the length and depth of the Greek crisis: policy mistakes, delays, political resistance to the implementation of the required reforms and deficiencies in the Economic and Monetary Union (EMU) architecture. Despite all these, the implementation of a bold economic adjustment programme has eliminated macroeconomic imbalances, improved labour cost competitiveness and reformed various sectors of the Greek economy. The banking system has been restructured and recapitalized and its corporate governance improved. The economy is now recovering; its openness has improved and has started to rebalance towards the tradable, export-oriented sectors. Significant challenges and crisis-related legacies remain: high levels of public debt, nonperforming loans and unemployment. To address these challenges, emphasis must now be placed on implementing the reforms required to speed up the recovery and to accelerate the rebalancing of the economy towards a knowledge-based and export-led growth model. Bold steps should be taken towards the completion of the EMU, by promoting greater political solidarity and fostering risk-sharing.
      PubDate: 2019-05-30
  • Time Flexibility, Women’s Wages, and the Gender Wage Gap
    • Abstract: Paid jobs providing more time flexibility may appeal to workers who have primary responsibility as a caregiver for young children or for sick, handicapped, or elderly adults. However, in some jobs, workers who are given this flexibility may be less productive per hour than workers who commit to a fixed work schedule chosen by the employer. These two realities may lead employers to offer, and caregivers to accept, lower paying jobs that come with more time flexibility. Since caregivers in the United States are disproportionally women, this may help to explain the lingering gender wage gap in the U.S. Data sets were combined from the 2015 revision of the Occupational Information Network (O*NET) and the 2003 through 2015 March Current Population Surveys to analyze this issue. The combined data set includes extensive information on workers’ average hourly earnings and personal characteristics along with 407 characteristics of their occupations. Log wage regressions were used to show that the data are not consistent with the Time Flexibility Hypothesis when applied to occupation categories.
      PubDate: 2019-05-30
  • Metropolitan Hotel Sector Forecast Accuracy in El Paso
    • Abstract: This study evaluates the accuracy of previously published econometric forecasts for seven lodging sector variables that measure hotel activity in El Paso, Texas. The hotel forecasts have been generated annually using an econometric model of the El Paso metropolitan economy from 2006 forward. Predictive accuracy is evaluated relative to random walk benchmarks. Assessment is completed using both descriptive forecast error summary statistics as well as formal statistical tests. The econometric model outperforms the random walk benchmarks for a majority of the variables analyzed. However, statistical tests of forecast error differentials do not yield conclusive evidence in favor of the econometric historical track record. Tests of directional forecast accuracy also produce mixed results. Although the structural econometric model of hotel business conditions appears to provide useful predictive information, analysts and planners should also monitor recent history closely.
      PubDate: 2019-05-30
  • Using the Synthetic Control Method to Determine the Effect of Ultrasound
           Laws on State-Level Abortion Rates
    • Abstract: The purpose of the present study is to determine if laws requiring ultrasounds prior to an abortion being performed have any effect on the demand for abortions. Using state-level data, a synthetic control model (SCM) and a fixed effects model, results of the present study suggest that ultrasound laws have no statistically-significant effects on state-level abortion rates. In the SCM analysis, 21 states were in the treatment group (state had enacted an ultrasound law) and 22 states were in the potential control group. Results also suggest that states with lower per capita incomes, more non-Whites, and more abortion providers had higher abortion rates. This study is important because it is the first to use an SCM analysis to examine the effects of any type of restrictive abortion law on the demand for abortions.
      PubDate: 2019-05-30
  • Specialization and Business Cycle Co-Movement in the Euro Area
    • Abstract: This paper explores whether similarities in production structures have been an important determinant of business cycle co-movement in the Euro Area. We constructed an index of cross-country differences in industry composition using value added data from 62 sectors. Then we tested whether this specialization index can explain several measures of cross-country output and employment co-movement within the European Monetary Union between 1999 and 2016. The results indicate that changes in real gross domestic product exhibit a stronger correlation between countries producing similar goods and services. However, the composition of output cannot explain co-movement in employment or unemployment. We checked the robustness of the results by dividing the sample period and by adding several control variables, including bilateral trade intensity and differences in country risk spreads.
      PubDate: 2019-05-28
  • Greece and the Western Financial Crisis
    • Abstract: Greece and the other crisis nations of the Western financial crisis are, to a large extent, victims of a dysfunctional international monetary system that has caused multiple financial crises since the collapse of the Bretton Woods system in 1973. In the Eurozone, the government bond market allowed the government of Greece to borrow at favorable rates without taking into account the possibility of default until it was too late. The capital from the surplus countries, Germany and the Netherlands being the most prominent, created housing price booms and housing construction in Ireland and Spain, while the public sector borrowed in Portugal and Greece. The problem of the recipient countries was magnified by imperfect institutions, such as inefficient financial supervision or an inefficient or corrupt political establishment. Thus, financial integration magnified local problems and made them take on an international dimension. The burden of adjustment within the Eurozone has been left largely with the debtor countries. The surplus countries have not reduced their current account surpluses. Though macroeconomic and public sector imbalances have been reduced in Greece, the country continues to lose its young through emigration and a vibrant export sector has not emerged.
      PubDate: 2019-05-27
  • Efficiency, Profitability, and College Football: do Bettors Overrate the
           Major Conferences in Interconference Play'
    • Abstract: This article tests the efficient market hypothesis and the profitability of a simple betting strategy in college football. All games are examined that have a point spread for inter-conference matches involving a Power Five/Automatic Qualifying team from September 2003 through January 2016. The tests reject the efficient market hypothesis for these matchups, with a large subset of matches driving this result. The betting strategy evidence suggests it is nonrandom but it is not particularly profitable for the entire sample. However, there is evidence that betting on certain conferences to cover the point spread (win the bet) results in profitable returns over the period.
      PubDate: 2019-05-26
  • A New Keynesian Model with Robots: Implications for Business Cycles and
           Monetary Policy
    • Abstract: This paper examines the effects of labor-replacing capital, referred to as robots, on business cycle dynamics using a New Keynesian model with a role for both traditional and robot capital. This study finds that shocks to the price of robots have effects on wages, output, and employment that are distinct from shocks to the price of traditional capital. Further, the inclusion of robots alters the response of employment and labor’s share to total factor productivity and monetary policy shocks. The presence of robots also weakens the correlation between human labor and output and the correlation between human labor and labor’s share. The paper finds that monetary policymakers would need to place a greater emphasis on output stabilization if their objective is to minimize a weighted average of output and inflation volatility. Moreover, if policymakers have an employment stabilization objective apart from their output stabilization objective, they would have to further focus on output stabilization due to the deterioration of the output-employment correlation.
      PubDate: 2019-04-13
  • Financial Crises and Bank Capital
    • Abstract: Initiatives to promote increased financial regulation after the 2008 global meltdown muddied related symptoms, including the surge in bank loans to sub-prime borrowers caused by the sharp increase in the supply of credit. U.S. banks lent billions to sub-prime borrowers because the credit supply was much larger than prime borrowers’ demand. Banks believed a massive profit opportunity existed because the cost of funds was much less than mortgage loan interest rates. A surge in cross-border investment inflows resulted from large increases in the export earnings and trade surpluses of China and the oil-exporting countries (OEC). China and the OEC could have achieved trade surpluses if there had been a comparable increase in the trade deficits of the U.S. and other industrial countries in response to dramatic increases in the prices of real estate, stocks and household wealth that led to the massive expansion of consumption spending and payments for imports. Great Britain, Ireland, Iceland, and Spain also had banking crises in 2008. Greece and Portugal had sovereign debt crises 15 months later. Each country previously had economic booms from domestic adjustments to capital account surplus increases. Some borrowers relied on money from new loans to cover interest on outstanding loans. When the money supply increase from new loans slowed, some borrowers defaulted. Asset prices imploded. Banks incurred massive losses. Many failed. Establishment of a new government credit agency is proposed to provide funds to re-capitalize U.S. banks that incurred large loan losses resulting from the asset price decline in systemic banking crises.
      PubDate: 2019-04-10
  • Globalization and Informal Entrepreneurship: A Cross-Country Analysis
    • Abstract: This paper provides a comprehensive empirical analysis on the relationship between globalization and informal entrepreneurship. The impact of globalization on informal entrepreneurship was analyzed using cross-country data. Using ordinary least squares and instrumental variables techniques, the results showed that globalization reduces informal entrepreneurship. This finding was robust to various sensitivity analyses including an alternate measure of globalization, an alternate measure of informal entrepreneurship, controlling for additional covariates, accounting for endogeneity of globalization, correcting for outliers, and considering nonlinearities. Furthermore, employing quantile regression analysis, the results suggested that globalization was most effective when informal entrepreneurship was most prevalent. Consequently, nations would benefit with regard to less underground entrepreneurship from policies that promote globalization through such things as removing barriers to trade, improving the transmission of information and promoting involvement in international organizations.
      PubDate: 2019-03-29
  • Bayesian Estimation of the Photovoltaic Balance-of-System Learning Curve
    • PubDate: 2019-03-09
  • Firm Development and Bribery: An Empirical Study from Latin America
    • Abstract: This empirical research investigated how bribery by firms influences their development. The most recent firm-level data were acquired from four Latin American countries (Argentina, Bolivia, Paraguay, and Peru) and looked into the firms’ innovation capability. A translog function was used to estimate the firms’ productivity. Bribery was defined as informal payments by firms to public officials to “get things done”. In order to mitigate the endogeneity in the estimation, an instrumental variable was used for firms’ bribery payments. Bribery was found to have a significantly negative impact on both innovation capability and productivity of the observed firms. Other firm-level characteristics, such as government relationships, industry experience, participation in the global market, and number of employees, were also closely related to firm development.
      PubDate: 2019-03-09
  • Holdover Bias in the College Football Betting Market
    • Abstract: This article investigated the efficiency of the college football betting market for the following season’s first game for members of the final Associated Press Top 25 Poll. Market inefficiency was identified, with bets against these teams winning significantly more than half the time. Separate analysis of the top 10 and the remaining members of the Top 25 indicated that the inefficiency was due to the previous season’s top 10 being significantly overvalued in the betting market at the start of the next season. Bets against the top 10 teams won significantly more than the 52.4% necessary for profitability. This was especially true when they played non-Power 5 schools. Efficiency could not be rejected for the teams ranked 11 through 25. The study contributed to the literature on betting market efficiency by providing evidence that bettors could be backward-looking and over-rely on outdated information.
      PubDate: 2019-03-09
  • Capital Flows and the Real Economy
    • Authors: Hamid Raza; Gylfi Zoega
      Abstract: The effects of capital inflows on the real exchange rate and the growth of output, consumption and investment were explored using data from Iceland from the first quarter of 1997 to the last quarter of 2018. The objective was to explore whether capital inflows, caused by domestic interest rates being higher than foreign interest rates, were expansionary indicating the presence of an international financial cycle in contrast to the predictions of the Mundell-Fleming model. The statistical analysis consisted of the estimation of a vector autoregression system, which is used to generate impulse response functions for the variables of interest. We found that an increase in the capital inflow into a currency area increased output, consumption and investment. It follows that higher domestic interest rates under free capital mobility can have an expansionary effect by encouraging capital inflows that cause real exchange rates to increase as well as output and private expenditures. These findings call for the use of two policy instruments in small, open economies. In addition to interest rates, there is a need for some restrictions on portfolio investments by foreign investors. The restrictions will weaken the exchange rate effects of changes in domestic and foreign interest rates, leaving the interest rate channel of monetary policy to respond to the real economy.
      PubDate: 2019-02-27
      DOI: 10.1007/s11293-019-09605-w
  • Inflation and the Boom-Bust Cycle in Corporate Leverage
    • Authors: Brendan Brown
      Abstract: Financial engineering is an art, not a science. The core of the subject is how to camouflage increases in leverage as the source of raised earnings on equity capital. This article explores how and why demand for financial engineers grows globally under the influence of inflationary U.S. monetary policy and how a boom in their profession contributes importantly to the potentially devastating effect of monetary inflation on economic prosperity. It proceeds to consider the extent to which foreign countries, large or small, would take steps to counter their vulnerability to the financial engineers, with particular reference to the case of the emerging markets and Japan who have experienced at times the maximum impact. Of course, the most effective defense is monetary, but for many reasons detailed here, this has rarely been implemented.
      PubDate: 2019-02-27
      DOI: 10.1007/s11293-019-09604-x
  • Best Article Award: Chakraborty and Harper
    • Authors: Katherine S. Virgo
      PubDate: 2019-02-20
      DOI: 10.1007/s11293-019-09606-9
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