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  Subjects -> BUSINESS AND ECONOMICS (Total: 3134 journals)
    - ACCOUNTING (94 journals)
    - BANKING AND FINANCE (267 journals)
    - BUSINESS AND ECONOMICS (1158 journals)
    - CONSUMER EDUCATION AND PROTECTION (24 journals)
    - COOPERATIVES (4 journals)
    - ECONOMIC SCIENCES: GENERAL (169 journals)
    - ECONOMIC SYSTEMS, THEORIES AND HISTORY (180 journals)
    - FASHION AND CONSUMER TRENDS (13 journals)
    - HUMAN RESOURCES (94 journals)
    - INSURANCE (22 journals)
    - INTERNATIONAL COMMERCE (126 journals)
    - INTERNATIONAL DEVELOPMENT AND AID (84 journals)
    - INVESTMENTS (27 journals)
    - LABOR AND INDUSTRIAL RELATIONS (43 journals)
    - MACROECONOMICS (15 journals)
    - MANAGEMENT (527 journals)
    - MARKETING AND PURCHASING (89 journals)
    - MICROECONOMICS (24 journals)
    - PRODUCTION OF GOODS AND SERVICES (137 journals)
    - PUBLIC FINANCE, TAXATION (35 journals)
    - TRADE AND INDUSTRIAL DIRECTORIES (2 journals)

BUSINESS AND ECONOMICS (1158 journals)                  1 2 3 4 5 6 | Last

Showing 1 - 200 of 1566 Journals sorted alphabetically
4OR: A Quarterly Journal of Operations Research     Hybrid Journal   (Followers: 10)
Abacus     Hybrid Journal   (Followers: 13)
Accounting Forum     Hybrid Journal   (Followers: 25)
Acta Amazonica     Open Access   (Followers: 5)
Acta Commercii     Open Access   (Followers: 4)
Acta Oeconomica     Full-text available via subscription   (Followers: 2)
Acta Scientiarum. Human and Social Sciences     Open Access   (Followers: 6)
Acta Universitatis Danubius. Œconomica     Open Access   (Followers: 3)
Acta Universitatis Nicolai Copernici Zarządzanie     Open Access   (Followers: 4)
AD-minister     Open Access   (Followers: 3)
ADR Bulletin     Open Access   (Followers: 6)
Advances in Developing Human Resources     Hybrid Journal   (Followers: 23)
Advances in Economics and Business     Open Access   (Followers: 11)
AfricaGrowth Agenda     Full-text available via subscription   (Followers: 1)
African Affairs     Hybrid Journal   (Followers: 59)
African Development Review     Hybrid Journal   (Followers: 33)
African Journal of Business and Economic Research     Full-text available via subscription   (Followers: 1)
African Journal of Business Ethics     Open Access   (Followers: 6)
African Review of Economics and Finance     Open Access   (Followers: 3)
Afro-Asian Journal of Finance and Accounting     Hybrid Journal   (Followers: 7)
Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi     Open Access   (Followers: 3)
Agronomy     Open Access   (Followers: 11)
Akademika : Journal of Southeast Asia Social Sciences and Humanities     Open Access   (Followers: 5)
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: 157)
American Journal of Business     Hybrid Journal   (Followers: 16)
American Journal of Business and Management     Open Access   (Followers: 53)
American Journal of Business Education     Open Access   (Followers: 10)
American Journal of Economics and Business Administration     Open Access   (Followers: 26)
American Journal of Economics and Sociology     Hybrid Journal   (Followers: 28)
American Journal of Evaluation     Hybrid Journal   (Followers: 13)
American Journal of Finance and Accounting     Hybrid Journal   (Followers: 20)
American Journal of Health Economics     Full-text available via subscription   (Followers: 12)
American Journal of Industrial and Business Management     Open Access   (Followers: 23)
American Journal of Medical Quality     Hybrid Journal   (Followers: 7)
American Law and Economics Review     Hybrid Journal   (Followers: 25)
ANALES de la Universidad Central del Ecuador     Open Access   (Followers: 2)
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: 28)
Annals of Operations Research     Hybrid Journal   (Followers: 8)
Annual Review of Economics     Full-text available via subscription   (Followers: 30)
Applied Developmental Science     Hybrid Journal   (Followers: 3)
Applied Economics     Hybrid Journal   (Followers: 48)
Applied Economics Letters     Hybrid Journal   (Followers: 29)
Applied Economics Quarterly     Full-text available via subscription   (Followers: 10)
Applied Financial Economics     Hybrid Journal   (Followers: 23)
Applied Mathematical Finance     Hybrid Journal   (Followers: 7)
Applied Stochastic Models in Business and Industry     Hybrid Journal   (Followers: 5)
Arab Economic and Business Journal     Open Access   (Followers: 3)
Archives of Business Research     Open Access   (Followers: 6)
Arena Journal     Full-text available via subscription   (Followers: 1)
Argomenti. Rivista di economia, cultura e ricerca sociale     Open Access   (Followers: 2)
ASEAN Economic Bulletin     Full-text available via subscription   (Followers: 5)
Asia Pacific Business Review     Hybrid Journal   (Followers: 6)
Asia Pacific Journal of Human Resources     Hybrid Journal   (Followers: 321)
Asia Pacific Viewpoint     Hybrid Journal   (Followers: 1)
Asia-Pacific Journal of Business Administration     Hybrid Journal   (Followers: 3)
Asia-Pacific Journal of Operational Research     Hybrid Journal   (Followers: 3)
Asia-Pacific Management and Business Application     Open Access  
Asian Business Review     Open Access   (Followers: 2)
Asian Case Research Journal     Hybrid Journal   (Followers: 1)
Asian Development Review     Open Access   (Followers: 14)
Asian Economic Journal     Hybrid Journal   (Followers: 8)
Asian Economic Papers     Hybrid Journal   (Followers: 7)
Asian Economic Policy Review     Hybrid Journal   (Followers: 4)
Asian Journal of Accounting and Governance     Open Access   (Followers: 4)
Asian Journal of Business Ethics     Hybrid Journal   (Followers: 7)
Asian Journal of Social Sciences and Management Studies     Open Access   (Followers: 7)
Asian Journal of Sustainability and Social Responsibility     Open Access   (Followers: 1)
Asian Journal of Technology Innovation     Hybrid Journal   (Followers: 8)
Asian-pacific Economic Literature     Hybrid Journal   (Followers: 5)
AStA Wirtschafts- und Sozialstatistisches Archiv     Hybrid Journal   (Followers: 5)
Atlantic Economic Journal     Hybrid Journal   (Followers: 15)
Australasian Journal of Regional Studies, The     Full-text available via subscription   (Followers: 2)
Australian Cottongrower, The     Full-text available via subscription   (Followers: 1)
Australian Economic Papers     Hybrid Journal   (Followers: 29)
Australian Economic Review     Hybrid Journal   (Followers: 6)
Australian Journal of Maritime and Ocean Affairs     Hybrid Journal   (Followers: 10)
Balkan Region Conference on Engineering and Business Education     Open Access   (Followers: 1)
Baltic Journal of Real Estate Economics and Construction Management     Open Access   (Followers: 1)
Banks in Insurance Report     Hybrid Journal   (Followers: 1)
BBR - Brazilian Business Review     Open Access   (Followers: 4)
Benchmarking : An International Journal     Hybrid Journal   (Followers: 11)
Benefit : Jurnal Manajemen dan Bisnis     Open Access  
BER : Consumer Confidence Survey     Full-text available via subscription   (Followers: 4)
BER : Economic Prospects : An Executive Summary     Full-text available via subscription  
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   (Followers: 1)
BER : Retail Sector Survey     Full-text available via subscription   (Followers: 2)
BER : Retail Survey : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Survey of Business Conditions in Building and Construction : An Executive Summary     Full-text available via subscription   (Followers: 4)
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: 2)
BER : Wholesale Sector Survey     Full-text available via subscription   (Followers: 1)
Berkeley Business Law Journal     Free   (Followers: 10)
Bio-based and Applied Economics     Open Access   (Followers: 1)
Biodegradation     Hybrid Journal   (Followers: 1)
Biology Direct     Open Access   (Followers: 7)
Black Enterprise     Full-text available via subscription  
Board & Administrator for Administrators only     Hybrid Journal  
Border Crossing : Transnational Working Papers     Open Access   (Followers: 2)
Briefings in Real Estate Finance     Hybrid Journal   (Followers: 5)
British Journal of Industrial Relations     Hybrid Journal   (Followers: 35)
Brookings Papers on Economic Activity     Open Access   (Followers: 48)
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: 17)
Bulletin of Geography. Socio-economic Series     Open Access   (Followers: 7)
Bulletin of Indonesian Economic Studies     Hybrid Journal   (Followers: 3)
Bulletin of the Dnipropetrovsk University. Series : Management of Innovations     Open Access   (Followers: 1)
Business & Entrepreneurship Journal     Open Access   (Followers: 18)
Business & Information Systems Engineering     Hybrid Journal   (Followers: 5)
Business & Society     Hybrid Journal   (Followers: 9)
Business : Theory and Practice / Verslas : Teorija ir Praktika     Open Access   (Followers: 1)
Business and Economic Research     Open Access   (Followers: 6)
Business and Management Horizons     Open Access   (Followers: 12)
Business and Management Research     Open Access   (Followers: 17)
Business and Management Studies     Open Access   (Followers: 9)
Business and Politics     Hybrid Journal   (Followers: 6)
Business and Professional Communication Quarterly     Hybrid Journal   (Followers: 7)
Business and Society Review     Hybrid Journal   (Followers: 5)
Business Economics     Hybrid Journal   (Followers: 6)
Business Ethics: A European Review     Hybrid Journal   (Followers: 16)
Business Horizons     Hybrid Journal   (Followers: 9)
Business Information Review     Hybrid Journal   (Followers: 14)
Business Management and Strategy     Open Access   (Followers: 43)
Business Research     Hybrid Journal   (Followers: 2)
Business Strategy and the Environment     Hybrid Journal   (Followers: 13)
Business Strategy Review     Hybrid Journal   (Followers: 7)
Business Strategy Series     Hybrid Journal   (Followers: 6)
Business Systems & Economics     Open Access   (Followers: 2)
Business Systems Research Journal     Open Access   (Followers: 5)
Business, Management and Education     Open Access   (Followers: 18)
Business, Peace and Sustainable Development     Full-text available via subscription   (Followers: 3)
Bustan     Hybrid Journal   (Followers: 1)
Cadernos EBAPE.BR     Open Access   (Followers: 1)
Cambridge Journal of Economics     Hybrid Journal   (Followers: 58)
Cambridge Journal of Regions, Economy and Society     Hybrid Journal   (Followers: 11)
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: 28)
Canadian journal of nonprofit and social economy research     Open Access   (Followers: 2)
Capitalism and Society     Hybrid Journal   (Followers: 2)
Capitalism Nature Socialism     Hybrid Journal   (Followers: 12)
Case Studies in Business and Management     Open Access   (Followers: 9)
CBU International Conference Proceedings     Open Access   (Followers: 1)
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: 2)
CESifo Economic Studies     Hybrid Journal   (Followers: 16)
Chain Reaction     Full-text available via subscription  
Challenge     Full-text available via subscription   (Followers: 4)
China & World Economy     Hybrid Journal   (Followers: 15)
China : An International Journal     Full-text available via subscription   (Followers: 17)
China Economic Journal: The Official Journal of the China Center for Economic Research (CCER) at Peking University     Hybrid Journal   (Followers: 10)
China Economic Review     Hybrid Journal   (Followers: 9)
China Finance Review International     Hybrid Journal   (Followers: 5)
China Nonprofit Review     Hybrid Journal   (Followers: 3)
China perspectives     Open Access   (Followers: 11)
Chinese Economy     Full-text available via subscription  
Ciência & Saúde Coletiva     Open Access   (Followers: 2)
CLIO América     Open Access   (Followers: 1)
Cliometrica     Hybrid Journal   (Followers: 4)
COEPTUM     Open Access  
Community Development Journal     Hybrid Journal   (Followers: 24)
Compensation & Benefits Review     Hybrid Journal   (Followers: 7)
Competition & Change     Hybrid Journal   (Followers: 10)
Competitive Intelligence Review     Hybrid Journal   (Followers: 2)
Competitiveness Review : An International Business Journal incorporating Journal of Global Competitiveness     Hybrid Journal   (Followers: 6)
Computational Economics     Hybrid Journal   (Followers: 9)
Computational Mathematics and Modeling     Hybrid Journal   (Followers: 8)
Computer Law & Security Review     Hybrid Journal   (Followers: 16)
Computers & Operations Research     Hybrid Journal   (Followers: 10)
Construction Innovation: Information, Process, Management     Hybrid Journal   (Followers: 14)
Contemporary Wales     Full-text available via subscription   (Followers: 3)
Contextus - Revista Contemporânea de Economia e Gestão     Open Access   (Followers: 1)
Contributions to Political Economy     Hybrid Journal   (Followers: 5)
Corporate Communications An International Journal     Hybrid Journal   (Followers: 7)
Corporate Philanthropy Report     Hybrid Journal   (Followers: 2)
Corporate Reputation Review     Hybrid Journal   (Followers: 4)
Creative and Knowledge Society     Open Access   (Followers: 10)
Creative Industries Journal     Hybrid Journal   (Followers: 9)
CRIS - Bulletin of the Centre for Research and Interdisciplinary Study     Open Access   (Followers: 1)
Crossing the Border : International Journal of Interdisciplinary Studies     Open Access   (Followers: 4)
Cuadernos de Administración (Universidad del Valle)     Open Access   (Followers: 2)
Cuadernos de Economía     Open Access   (Followers: 2)
Cuadernos de Economia - Latin American Journal of Economics     Open Access   (Followers: 2)
Cuadernos de Estudios Empresariales     Open Access   (Followers: 2)
Current Opinion in Creativity, Innovation and Entrepreneurship     Open Access   (Followers: 9)
De Economist     Hybrid Journal   (Followers: 12)
Decision Analysis     Full-text available via subscription   (Followers: 10)
Decision Sciences     Hybrid Journal   (Followers: 17)
Decision Support Systems     Hybrid Journal   (Followers: 16)
Defence and Peace Economics     Hybrid Journal   (Followers: 18)
der markt     Hybrid Journal   (Followers: 1)
Desenvolvimento em Questão     Open Access  

        1 2 3 4 5 6 | Last

Journal Cover Bulletin of Economic Research
  [SJR: 0.28]   [H-I: 21]   [17 followers]  Follow
    
   Hybrid Journal Hybrid journal (It can contain Open Access articles)
   ISSN (Print) 0307-3378 - ISSN (Online) 1467-8586
   Published by John Wiley and Sons Homepage  [1579 journals]
  • RANDOM SHOCK UNCERTAINTY AND INVESTMENT REVERSIBILITY: REAL OPTION
           FRAMEWORK
    • Authors: Xue Cui; Takashi Shibata
      Abstract: This paper examines, in the presence of random shock, how changes in reversibility of investment affect a firm's optimal investment strategies including the investment timing (trigger) and quantity. Existing results do not consider random shock, where the quantity is independent of the degree of reversibility and the investment trigger is always decreasing with the degree of reversibility. In contrast, we show that with random shock, the quantity exhibits an inverse U-shape, and the investment trigger is not always monotonically decreasing with the degree of reversibility. Additionally, we show that the firm undertakes a smaller quantity with random shock than without random shock for any degree of reversibility. Finally, we find that the presence of random shock decreases firm value, which implies that random shock is costly for firms.
      PubDate: 2017-11-02T02:35:23.519564-05:
      DOI: 10.1111/boer.12133
       
  • POLITICAL INEQUALITY, CENTRALIZED SANCTIONING INSTITUTIONS, AND THE
           MAINTENANCE OF PUBLIC GOODS
    • Authors: Han Il Chang; Christopher T. Dawes, Tim Johnson
      Abstract: Centralized sanctioning institutions cultivate cooperation by eradicating the gains from free-riding. Studies show that electing a community member to operate a centralized sanctioning institution further increases support for the public good. These studies have overlooked an all-too-common attribute of non-laboratory elections: political inequality. In this paper, we replicate those studies and, then, introduce novel experimental treatments that examine how political inequality influences the cooperation-enhancing effect of a democratic election to centralized sanctioning institutions. In our novel treatment conditions, participants receive either a random allotment of votes that they can use to elect a centralized sanctioning authority or an allocation of votes proportional to their earnings in a previously-executed public goods game. We find that political inequalities created via the random allocation of votes do not hinder cooperation, whereas political inequalities created via past game play undermine elected authorities and diminish contributions to the public good from individuals advantaged by political inequality.
      PubDate: 2017-10-30T03:05:35.791706-05:
      DOI: 10.1111/boer.12140
       
  • TRADER TYPE EFFECTS ON THE VOLATILITY-VOLUME RELATIONSHIP EVIDENCE FROM
           THE KOSPI 200 INDEX FUTURES MARKET
    • Authors: Aris Kartsaklas
      Abstract: We investigate whether the trading activity generated by investors with different access to information and trading motives has positive or negative impact on index futures volatility. Surprises in non-member institutional, individual and foreign investors' trading volume are positively associated with volatility in most of the cases. For member institutional investors, unexpected trading volume is positively related to volatility. Long-run changes in the trading activity also affect volatility differently across trader types. Finally, allowing for time-to-maturity effects, surprises in open interest are associated with more volatility towards contract expiration, contrary to the negative effect we find during normal times.
      PubDate: 2017-10-24T04:40:44.284818-05:
      DOI: 10.1111/boer.12138
       
  • PROFITABLE STRATEGIC DELEGATION WITH CONJECTURAL VARIATIONS
    • Authors: Aitor Ciarreta; Javier García-Enríquez
      Abstract: Firms delegate strategic decisions to managers because they find it profitable to do so. In the product market, when agents make conjectures about the reaction of their rivals to marginal changes in their own strategies, the set of equilibriums can be enlarged with respect to the case of no conjectures. This paper takes a duopolistic linear market parameterization where firms selling differentiated products can delegate either price or output decisions to managers. We show that it is a dominant strategy for firms to delegate no matter whether firms are Cournot or Bertrand competitors, although the equilibrium is not necessarily efficient. Futhermore, in equilibrium Cournot competition is more profitable for firms than Bertrand competition. Finally, requiring consistency in conjectures yields the same outcome no matter what type of strategic interaction and managerial choice there is on the part of firms.
      PubDate: 2017-10-11T09:00:46.873571-05:
      DOI: 10.1111/boer.12137
       
  • ENVIRONMENTAL POLICY AND LABOUR MARKET IMPERFECTION
    • Authors: Kuo-Hsing Kuo; Cheng-Te Lee, Shang-Fen Wu
      Abstract: This paper will set up a general equilibrium model with a distorted labour market to explore the effects of an environmental tax and union bargaining power on formal employment and the informal competitive wage. We find that when the government raises the environmental tax, both formal employment and informal competitive wage would fall. In addition, we confirm that a policy of labour market reform would increase both formal employment and the informal competitive wage.
      PubDate: 2017-10-11T09:00:36.700286-05:
      DOI: 10.1111/boer.12122
       
  • RISK-SHARING MATCHING AND MORAL HAZARD
    • Authors: Pu Chen; Sanxi Li, Bing Ye
      Abstract: In this study we model the endogenous relationship formation between risk-averse principals and agents in a CARA-normal framework. Agents exert unobservable efforts to increase mean outputs and reduce risks. We show that risk-reduction efforts are more important than mean-increasing efforts in determining the matching patterns. Compared to cases without moral hazard, the agency problem in risk reduction induces more positive-assortative matchings.
      PubDate: 2017-10-03T09:30:35.659733-05:
      DOI: 10.1111/boer.12139
       
  • SHIRKING, STANDARDS AND THE PROBABILITY OF DETECTION
    • Authors: John G. Sessions; John D. Skåtun
      Abstract: By relaxing the common efficiency wage assumption of exogenous shirking detection probabilities, we demonstrate how standards and efficiency wages are related. In a more general setting where the probability of detection depends upon the equilibrium effort level of non-shirkers, we show that the uniformly positive (negative) supply-side relationship between wages (unemployment insurance) and effort is no longer guaranteed. Profit maximization on the part of the firm, however, ensures that effort will depend positively (negatively) on wages (unemployment insurance) in equilibrium.
      PubDate: 2017-09-22T07:35:55.684373-05:
      DOI: 10.1111/boer.12143
       
  • DO PRIVATE TUTORS ENHANCE ENGLISH LANGUAGE ABILITY' REGRESSION
           DISCONTINUITY EVIDENCE FROM A POLICY EXPERIMENT IN INDIA
    • Authors: Somdeep Chatterjee
      Abstract: Empirical evidence has shown that returns to English language ability are substantial in India. Research has also focused on the impact of private tutoring in the context of developing economies to find evidence that remedial teaching leads to better student achievement and higher test scores. In this paper I analyze whether private tutoring helps in developing English language ability. Simple OLS estimates suggest statistically significant effects but estimated coefficients are rather small at 0.2 percentage points. Presence of confounders and selection bias may potentially understate the true effects of private tutoring on English language ability. To address this issue, I exploit a unique policy experiment in India in a regression discontinuity framework to identify cohorts eligible for private tutoring and compare their outcomes to the ineligible. I use this potentially exogenous policy variation as an instrument for private tutoring and find significant increases in English language ability estimated at 16 percentage points which is much larger than the simple OLS effects. Since standard academic curriculum is not directed towards improving foreign language ability, private tutoring as an input in the education production function seems to offer high marginal returns. From a policy perspective, this implies that private tutoring should be encouraged for enhancing English ability even though there are concerns that this provides disincentives for teachers to teach in school.
      PubDate: 2017-09-12T03:25:52.538871-05:
      DOI: 10.1111/boer.12142
       
  • WHO FAVOURS THE GAY COMMUNITY' EXPERIMENTAL EVIDENCE USING CHARITABLE
           DONATIONS
    • Authors: Shahar Sansani; Arik Rozental
      Abstract: In this paper, we conduct an experiment to determine the characteristics of individuals who are more likely to donate to a gay charity. After filling out a questionnaire that includes information on gender, ethnicity, and religiosity, as well as other factors, Israeli undergraduate students are asked to choose two out of four options: participation in a lottery, donation to a gay charity, donation to a religious charity, and donation to an education-focused charity. Our most robust findings are that females and the less religiously observant are more likely to donate to the gay charity.
      PubDate: 2017-09-05T06:21:14.811696-05:
      DOI: 10.1111/boer.12136
       
  • COGNITIVE ABILITIES, ANALYTIC COGNITIVE STYLE AND OVERCONFIDENCE: A
           COMMENTARY ON DUTTLE (2016)
    • Authors: Michał Białek; Artur Domurat
      Abstract: In his recent paper, Duttle (2016) showed that individuals with higher cognitive abilities show less overconfidence. In these findings, cognitive abilities were equated with an analytic cognitive style (as measured by a cognitive reflection test, or CRT), although recent works in the field of cognitive psychology suggest separating these two constructs. In particular, it is argued that the analytic cognitive style, but not cognitive abilities, decreases susceptibility to cognitive biases. Analyses of data from Duttle's study support this assertion. Implications for cognitive psychology and behavioural economics are discussed.
      PubDate: 2017-08-18T01:40:28.014185-05:
      DOI: 10.1111/boer.12117
       
  • DOES SCIENTIFIC AND TECHNICAL RESEARCH REDUCE MACROECONOMIC
           VOLATILITY'
    • Authors: Sam Hak Kan Tang
      Abstract: This paper explores whether conducting scientific and technical (S&T) research reduces the volatility of output growth. The paper finds robust evidence that output volatility is significantly lowered by a country's production of S&T publications. The results show that the effect of S&T publications on output volatility is particularly strong in middle-income, OECD and other high-income countries. However, for East-Asian, low-income and sub-Saharan African countries the effect is either weak or absent. These results provide strong evidence that not only OECD and other high-income countries are actively engaged in S&T research, emerging developing countries are also conducting S&T research, which is effective in reducing output volatility. The results are robust to adding a host of control variables, various subsamples and different estimation techniques.
      PubDate: 2017-07-31T04:00:53.797502-05:
      DOI: 10.1111/boer.12129
       
  • INFINITE ASYMMETRIC EQUILIBRIA IN MIXED OLIGOPOLIES
    • Authors: Stefano Colombo
      Abstract: We show that infinite asymmetric equilibria may be supported in a mixed Cournot oligopoly with identical private firms. This sharply contrasts with the case of private Cournot oligopolies, where only symmetric equilibria arise.
      PubDate: 2017-07-31T04:00:31.01775-05:0
      DOI: 10.1111/boer.12131
       
  • IS THE PHILLIPS CURVE DIFFERENT IN POOR COUNTRIES'
    • Authors: Michael Bleaney; Manuela Francisco
      Abstract: It has been suggested that the Phillips curve (positive output-inflation correlation) is inverted in poor countries. It is argued here that the truth is more complex. In poor countries temporary supply-side shocks, for example to agricultural output, induce a negative correlation between prices and output rather than between inflation rates and output. Empirical evidence supports this hypothesis.
      PubDate: 2017-07-31T04:00:27.410106-05:
      DOI: 10.1111/boer.12124
       
  • ON INTERMEDIATE HEADCOUNT INDICES OF POVERTY
    • Authors: S. Subramanian; Diganta Mukherjee
      Abstract: The archetypal population-relative measure of poverty is the Headcount Ratio, while the archetypal population-absolute measure is the Aggregate Headcount. The overwhelming emphasis in the poverty measurement literature has been on population-relative measures. The value-basis for this preference has been seldom submitted to serious scrutiny, with the result that absolute and intermediate measures have generally been subjected to relative neglect. There would appear to be a strong case for the employment of indices which are intermediate between relative and absolute measures, and which avoid the extreme values underlying both. The present note, building on earlier work by scholars such as Arriaga, Krtscha, Del Rio, Alonso-Villar, Mukherjee, Zheng and Zoli, aims to advance the cause of a workable and plausible population-intermediate headcount index of poverty.
      PubDate: 2017-07-14T01:10:34.72935-05:0
      DOI: 10.1111/boer.12135
       
  • A CLOSED-FORM SOLUTION FOR DETERMINING THE BURDEN OF PUBLIC DEBT IN
           NEOCLASSICAL GROWTH MODELS
    • Authors: István Dedák; Ákos Dombi
      Abstract: This paper develops a new approach, termed as the stock approach, to calculate the steady-state output loss caused by public debt in neoclassical growth models. The novelty of our stock approach is that it provides a closed-form solution to the steady-state output-debt relationship. The main conclusion of the paper is that the steady-state burden of public debt is country-specific in neoclassical growth models and it decreases with the private saving rate and increases with the population growth rate, with the exception of the special case where Ricardian equivalence holds.
      PubDate: 2017-06-30T04:37:08.969736-05:
      DOI: 10.1111/boer.12125
       
  • DOES NEAR-RATIONALITY MATTER IN FIRST-ORDER APPROXIMATE SOLUTIONS' A
           PERTURBATION APPROACH
    • Authors: Frank Hespeler; Marco M. Sorge
      Abstract: This paper studies first-order approximate solutions to near-rational dynamic equilibrium models. Under near-rationality, agents' subjective beliefs are distorted away from rational expectations via a change of measure process which fulfills some regularity conditions. In most applications, the beliefs distortion process is also directly observed by (a subset of) the decision-makers – e.g., ambiguity-averse households or policy-makers with a concern for robustness – and therefore included into their optimization problems. We investigate conditions for existence and local uniqueness of solutions under endogenous distortions, as well as the relation with their rational expectations counterparts. We show that linearly perturbed solutions may well be affected by the presence of distorted beliefs, depending on the underlying model economy. In particular, while directly affecting first-order decision rules, near-rationality may also induce failure of the certainty equivalence principle. Moreover, the martingale representation of distorted beliefs might prove non-unique, pointing to a subtle form of equilibrium indeterminacy.
      PubDate: 2017-06-01T04:15:59.460955-05:
      DOI: 10.1111/boer.12127
       
  • BANKING UNION IN EUROPE: HOW MUCH CENTRALISATION IS NEEDED'
    • Authors: Wolfram Berger; Yoko Nagase
      Abstract: We examine the efficiency of banking regulation in a federation with two tiers of government and highly integrated banking systems. We assume that policy makers have incomplete information about banks’ true health, and banking sector turmoil can generate cross-border spill-over effects. We show that, in such an environment, the decentralisation of policy responsibilities for the regulation of banks can achieve the first-best allocation and ensure financial stability. While national governments design banking regulations, the federal policy maker authorises inter-regional income redistribution payments throughout the federation. Our results suggest that strengthening national responsibilities in banking regulation and supervision in the course of the further development of the European banking union may be advisable.
      PubDate: 2017-05-30T05:05:47.659744-05:
      DOI: 10.1111/boer.12126
       
  • FINANCIAL DEVELOPMENT AND MACROECONOMIC VOLATILITY
    • Authors: Yong Ma; Ke Song
      Abstract: Using cross-country panel data over the period 1996–2012, this paper examines the impact of financial development on macroeconomic volatility using GMM estimators. In contrast to the linear relationship identified in many previous studies, we present robust evidence suggesting that the effect of financial development on macroeconomic volatility is nonlinear and U-shaped. We also investigate the potential differences between developed and developing countries. The results of the paper add new evidence and shed interesting insights into the recent debate on the role of finance in macroeconomic fluctuations.
      PubDate: 2017-05-16T06:20:45.614161-05:
      DOI: 10.1111/boer.12123
       
  • AN EMPIRICAL NOTE ON COMMUTING DISTANCE AND SLEEP DURING WORKWEEK AND
           WEEKEND
    • Authors: Christian Pfeifer
      Abstract: The author uses six years of large-scale panel survey data for Germany to analyse the nexus between commuting distance from the place of residence to the workplace and quantity of sleep. Pooled and individual fixed-effects regressions indicate that workers with longer commuting distance sleep significantly less per night during the workweek, but not less during the weekend. A one kilometer longer commuting distance is on average correlated with 0.0035 (pooled) and 0.0011 (fixed-effects) hours less sleep per night during the workweek. As commuting seems to affect sleep quantity, it might negatively affect health and time allocation for other leisure activities.
      PubDate: 2017-05-16T06:20:39.541926-05:
      DOI: 10.1111/boer.12121
       
  • INTERACTION TERMS IN POISSON AND LOG LINEAR REGRESSION MODELS
    • Authors: Shengwu Shang; Erik Nesson, Maoyong Fan
      Abstract: This paper develops a difference-in-semielasticities (DIS) interpretation for the coefficients of dichotomous variable interaction terms in nonlinear models with exponential conditional mean functions, including but not limited to Poisson, Negative Binomial, and log linear models. We show why these interaction term coefficients cannot be interpreted as a DIS or semielasticity in the same manner as continuous coefficients, which has been overlooked by some empirical researchers. Then we show how interaction terms can be easily transformed into a DIS and derive the asymptotic distribution of this estimator. We illustrate the discrepancy between the interaction term coefficient and the DIS using an empirical example evaluating the relationship between employment, private health insurance and physician office visits. Our results can be applied in treatment effect models when the outcome variable is logged and the dichotomous variables indicating treatment participation and the post-treatment time period.
      PubDate: 2017-05-16T06:20:29.969011-05:
      DOI: 10.1111/boer.12120
       
  • STOCK-BOND CO-MOVEMENTS AND FLIGHT-TO-QUALITY IN G7 COUNTRIES: A
           TIME-FREQUENCY ANALYSIS
    • Authors: Selcuk Bayraci; Sercan Demiralay, Hatice Gaye Gencer
      Abstract: This paper examines co-movement between stock returns and changes in 10-year government bond yields as well as flight-to-quality behaviour in G7 countries. We conduct the wavelet squared coherence analysis to explore the dynamics in both time and frequency domain. Our results provide evidence of positive co-movements, which vary over time and across investment horizon. The higher co-movement is found to be more concentrated in the lower frequency bands. We further analyse the dynamic nature of the scale-dependent wavelet correlations and find that the correlations are highly volatile and significantly increase across different time scales during the episodes of equity market turbulence. The increase in correlations reflects flights from stocks to safer bond investments as a result of dramatic changes in investor sentiment and risk aversion at times of market stress.
      PubDate: 2017-04-28T11:13:33.339366-05:
      DOI: 10.1111/boer.12118
       
  • PREDICTING STOCK RETURNS AND VOLATILITY WITH INVESTOR SENTIMENT INDICES: A
           RECONSIDERATION USING A NONPARAMETRIC CAUSALITY-IN-QUANTILES TEST#
    • Authors: Mehmet Balcilar; Rangan Gupta, Clement Kyei
      Abstract: Evidence of monthly stock returns predictability based on popular investor sentiment indices, namely SBW and SPLS as introduced by Baker and Wurgler (, ) and Huang et al. () respectively are mixed. While, linear predictive models show that only SPLS can predict excess stock returns, nonparametric models (which accounts for misspecification of the linear frameworks due to nonlinearity and regime changes) finds no evidence of predictability based on either of these two indices for not only stock returns, but also its volatility. However, in this paper, we show that when we use a more general nonparametric causality-in-quantiles model of Balcilar et al., (forthcoming), in fact, both SBW and SPLS can predict stock returns and its volatility, with SPLS being a relatively stronger predictor of excess returns during bear and bull regimes, and SBW being a relatively powerful predictor of volatility of excess stock returns, barring the median of the conditional distribution.
      PubDate: 2017-04-28T11:12:53.199583-05:
      DOI: 10.1111/boer.12119
       
  • THE IMPACT OF PERSONALITY TRAITS ON WAGE GROWTH AND THE GENDER WAGE GAP
    • Authors: Konrad C. Schäfer; Jörg Schwiebert
      Abstract: This paper considers the impact of personality traits on the change of the gender wage gap. Using data from the German Socioeconomic Panel (SOEP), we first explore how personality traits affect wage growth rates. Then, a decomposition analysis is performed to analyse the dynamic effects of personality traits on the change of the gender wage gap over time. Our empirical results indicate that gender differences in conscientiousness and emotional stability lead to a widening of the wage gap over time. By contrast, gender differences in extraversion lead to a narrowing of the wage gap over time.
      PubDate: 2017-04-04T06:27:00.748727-05:
      DOI: 10.1111/boer.12115
       
  • TO REGULATE OR TO DEREGULATE? THE ROLE OF DOWNSTREAM COMPETITION IN
           UPSTREAM MONOPOLY VERTICALLY LINKED MARKETS
    • Authors: Michael Polemis; Konstantinos Eleftheriou
      Abstract: This paper attempts to cast light to the effect of monopoly regulation in Cournot markets compared to its effect in Bertrand markets. To this purpose, we use a simple model of a vertically linked market, where an upstream regulated natural monopoly is trading via two-part tariff contracts with a downstream duopoly. Combining our results to those of the existing literature on deregulated markets, we argue that when the downstream competition is in prices, efficiency dictates regulating the monopoly with a marginal cost based pricing scheme. However, this type of regulation leads to significant welfare loss, when the downstream market is characterized by Cournot competition.
      PubDate: 2017-03-21T09:32:24.769367-05:
      DOI: 10.1111/boer.12116
       
  • WHAT DETERMINES VACATION LEAVE? THE ROLE OF GENDER
    • Authors: Ali Fakih
      Abstract: Vacation leave is introduced in workplaces to improve the working environment. Surprisingly, it has been observed that a large number of workers do not use all of their entitled vacation days. This paper provides a novel set of facts about the gender differences in taking vacation time using the Canadian Workplace Employee Survey, which is a linked longitudinal employer-employee dataset. The results show considerable differences between men and women in the estimated effects of some demographic characteristics after controlling for job and workplace characteristics. However, they reveal significant implications of work arrangements (e.g., part-time work, flexible work schedules, and home-based work), job promotion, supervisory tasks, and union membership for vacation use, for both men and women. This paper provides further insights on the use of fringe benefits that may be useful to policymakers and businesses.
      PubDate: 2017-03-17T09:49:16.967537-05:
      DOI: 10.1111/boer.12114
       
  • UNION–FIRM BARGAINING AGENDA REVISITED: WHEN UNIONS HAVE DISTINCT
           PREFERENCES
    • Authors: Luciano Fanti; Domenico Buccella
      Abstract: In this paper we revisit the issue of the scope of bargaining between firms and unions by considering a more general union's utility function with distinct preferences and sequential negotiations. First, we compare exogenously given labour market institutions; i.e., right-to-manage (RTM) and sequential efficient bargaining (SEB). We show that the conventional wisdom, which states that firms always prefer RTM, no longer holds. In fact, when unions are adequately wage aggressive and have strong enough bargaining power, firms may prefer SEB negotiations; however, firms switch their preference to RTM when unions are very strong. Moreover, we show that a conflict of interest between the parties may emerge when unions are sufficiently employment oriented as well as sufficiently wage aggressive and not too strong or too weak in bargaining. Second, we analyse the endogenous choice of the bargaining agenda. We show that a rich plethora of equilibria may occur and new situations of conflict/agreement of interests between the bargaining parties arise in particular when unions are sufficiently wage-aggressive.
      PubDate: 2017-02-13T04:20:44.628195-05:
      DOI: 10.1111/boer.12113
       
  • AN ESTIMATION OF WORKER AND FIRM EFFECTS WITH CENSORED DATA
    • Authors: Ainara González de San Román; Yolanda F. Rebollo-Sanz
      Abstract: In this paper, we develop a new estimation method that is suitable for censored models with two high dimensional fixed effects and that is based on a sequence of least squares regressions, yielding significant savings in computing time and hence making it applicable to frameworks in which standard estimation techniques become unfeasible. We propose to apply this estimation method to investigate the role of firms in individual wage variation. Using a longitudinal match employer-employee dataset from Spain, we show that the analysis of wage determination can be misleading when wages are censored. In particular, the role of firm wage policies in wage dispersion is overestimated by more than ten percentage points, while the role of time-invariant individual characteristics is underestimated by fifteen percentage points. Hence, controlling for censored wages appears to reinforce the idea that when explaining individual wage dispersion, what workers ‘are’ is more important than what workers ‘do’.
      PubDate: 2017-01-24T08:31:34.026494-05:
      DOI: 10.1111/boer.12112
       
  • ACKNOWLEDGEMENT TO REFEREES
    • Pages: 437 - 438
      PubDate: 2017-10-09T10:57:26.035033-05:
      DOI: 10.1111/boer.12145
       
 
 
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