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The determinants of the intermediate products export: The case of Switzerland 中间产品出口的决定因素:以瑞士为例
Pub Date : 2021-10-23 DOI: 10.1453/JEPE.V8I3.2235
Emmanouil Karakostas
Abstract. International trade relations are an important aspect of the international economy. The form and structure of international trade has changed in recent years and this fact deserves particular analysis. Global value chains are an significant objectivity in today's times. It is noteworthy that global supply (or value) chains are basically the production networks that span multiple countries, with at least one country importing inputs (intermediate goods) and exporting production (final goods). Many products in today's era consist of intermediate inputs from other countries. The proportion of intermediate goods that a country exports helps it to become a key trading partner. Value-added imports have such an essential role in the exports of countries that they ultimately determine the price of final goods. Moreover, intermediate goods have the characteristic of being shaped on the basis of their technological level. That is, an input can be labour-intensive or technology-intensive. Virtually any commodity can be considered an intermediary. There is no clear definition of intermediate goods. This point, of course, makes it difficult to identify those factors which determine the exports of intermediate goods. In this reality the exports of intermediate goods are worthy of further research. The present study will attempt to investigate the determinants of intermediate goods exports using Switzerland as a case study. The methodology adopted is Linear Regression - Ordinary Least Squares (OLS). Keywords. Global Trade, Switzerland, Intermediate Product Exports, OLS. JEL. F10, F14, F40.
摘要国际贸易关系是国际经济的一个重要方面。近年来,国际贸易的形式和结构发生了变化,这一事实值得特别分析。全球价值链在当今时代是一个重要的客观问题。值得注意的是,全球供应链(或价值链)基本上是跨越多个国家的生产网络,其中至少有一个国家进口投入(中间产品)并出口生产(最终产品)。当今时代的许多产品都是由来自其他国家的中间投入组成的。一个国家出口的中间产品的比例有助于它成为一个重要的贸易伙伴。增值进口在各国出口中起着至关重要的作用,它们最终决定了最终产品的价格。此外,中间产品还具有根据其技术水平而形成的特点。也就是说,投入可以是劳动密集型的,也可以是技术密集型的。几乎任何商品都可以被认为是中介。中间产品没有明确的定义。当然,这一点使确定决定中间产品出口的因素变得困难。在这种情况下,中间产品的出口问题值得进一步研究。本研究将以瑞士为个案,试图调查中间产品出口的决定因素。采用线性回归-普通最小二乘(OLS)方法。关键词。全球贸易,瑞士,中间产品出口,OLS。冻胶。F10, f14, f40。
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引用次数: 0
The contribution of human capital to the economic development of Cameroon, 1980-2018 人力资本对喀麦隆经济发展的贡献(1980-2018
Pub Date : 2021-07-18 DOI: 10.1453/JEPE.V8I2.2226
Nkwetenang Conelius Ngwolefack, S. B. Oumar
Abstract. The paper examines the contribution of human capital to the economic development of Cameroon from 1980¬-2018. To achieve this objective, data were collected from World Bank Development Indicators, for Cameroon, covering the period of 1980-2018. The error correction mechanism model was used to analyse the data using STATA 14 econometric software package. The results show that human capital has a positive and significant relationship with economic development in Cameroon. The findings suggest that gross school enrolment and labour force participation had slowed down economic development in Cameroon. The study recommends that given a significant coefficient of human capital on economic development in Cameroon, the government should create an enabling environment to reinforce the implementation of gross school enrolment, health expenditure and labour force participation policies to accelerate the process of economic development in the country. Keywords. Asset, Education, Employment, Expenditure, Health. JEL. D39, H52, I15, I25, J21.
摘要本文考察了喀麦隆1980 -2018年人力资本对经济发展的贡献。为了实现这一目标,从世界银行发展指标中收集了喀麦隆1980-2018年期间的数据。采用误差修正机制模型,利用stata14计量软件包对数据进行分析。结果表明,喀麦隆人力资本与经济发展之间存在显著的正相关关系。调查结果表明,总入学率和劳动力参与率减缓了喀麦隆的经济发展。该研究建议,鉴于喀麦隆人力资本对经济发展的重要影响,政府应创造一个有利的环境,以加强实施学校总入学率、卫生支出和劳动力参与政策,以加速该国的经济发展进程。关键词。资产、教育、就业、支出、健康。冻胶。D39, h52, i15, i25, j21。
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引用次数: 0
Bank credit and transmission mechanisms of monetary policy in Uganda 乌干达的银行信贷和货币政策传导机制
Pub Date : 2021-07-18 DOI: 10.1453/JEPE.V8I2.2205
Jimmy Alani
Abstract. This paper examines the effect of monetary policy on bank credit in Uganda during the January 2008 to December 2017 period. By using macro level monthly data, it tests for the existence of monetary policy transmission channels, in particular the presence of bank credit channel in the economy of Uganda. This is done by showing that bank credit growth in Uganda is affected by monetary policy shocks. Before conducting data analysis, tight bank credit models were built with the view of making the analysis mimic the actual behavior of bank credit and the monetary policy transmission mechanism. Data used in the empirical analysis are from Bank of Uganda. Empirical analysis is conducted by using the generalized least squares (GLS) technique. The advantage with the GLS method is that it is generally more efficient because it eliminates both serial correlation and variance values that are not constant. The empirical results establish presence of the bank credit channel of the monetary policy transmission mechanism in Uganda. Secondly, the empirical tests conducted establish that the relationship between reserves and loans typically operates in the reverse way to that described in some economics textbooks. Similarly, the relationship between bank deposits and bank deposits is found in principle to operate only during the current month in the reverse way to that described in some economics textbooks. Thirdly, empirical tests conducted indicate that 1 percent increase in money supply (M2) is responsible for causing 2.2 percent monthly increase in bank deposits in Uganda during the sample period, ceteris paribus. Keywords. Financialization, Political economy, Financial regulation. JEL. C01, C10, G18, P16, P34.
摘要本文研究了2008年1月至2017年12月期间乌干达货币政策对银行信贷的影响。通过使用宏观层面的月度数据,它测试了货币政策传导渠道的存在,特别是乌干达经济中银行信贷渠道的存在。这表明乌干达的银行信贷增长受到货币政策冲击的影响。在进行数据分析之前,我们先建立了银行信贷紧缩模型,目的是使分析模拟银行信贷的实际行为和货币政策的传导机制。实证分析中使用的数据来自乌干达银行。采用广义最小二乘(GLS)技术进行实证分析。GLS方法的优点是它通常更有效,因为它消除了序列相关性和非恒定的方差值。实证结果表明,银行信贷渠道存在于乌干达货币政策传导机制中。其次,所进行的实证检验表明,准备金和贷款之间的关系通常以与某些经济学教科书中描述的相反的方式运作。同样,银行存款和银行存款之间的关系,原则上只在当月发生作用,与某些经济学教科书中所描述的相反。第三,进行的经验检验表明,在其他条件相同的情况下,在抽样期间,货币供应量(M2)增加1%导致乌干达银行存款每月增加2.2%。关键词。金融化,政治经济学,金融监管。冻胶。C01, c10, g18, p16, p34。
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引用次数: 1
Financialization and political economy of financial regulation in Uganda 乌干达金融监管的金融化和政治经济
Pub Date : 2021-04-27 DOI: 10.1453/JEPE.V8I1.2178
Jimmy Alani
Firstly, in this present paper, empirical evidence obtained after employing generalized least squares technique on the relevant sample data for Uganda over the 1970 to 2016 period, shows that financialization had adverse effect on economic growth. Secondly, in Uganda during the sample period, deregulation (represented by exchange rate depreciation) enhanced financialization. Thirdly, financialization depressed investments in the country because a large fraction of investments could have been diverted away from the real sector to the financial sector. Fourthly, financialization had positive and significant effects on inflation, quantity of foreign exchange and balance of payments deficit. Lastly, empirical evidence indicates that financialization was as a result of increase in exchange rate and gold reserves, monetization of the economy, imports and movements in household disposable income relative to GDP. Results in the paper suggest the following recommendations: control of financialization through macro prudential financial regulation, reduction of balance of payments deficit, undertaking more investments in directly productive areas and control of the relative movements in disposable household consumption relative to GDP. Keywords. Financialization, Political economy, Financial regulation. JEL. C01, C10, G18, P16, P34.
首先,本文利用广义最小二乘技术对乌干达1970 - 2016年的相关样本数据进行实证分析,发现金融化对经济增长有不利影响。其次,在抽样期间的乌干达,放松管制(以汇率贬值为代表)加强了金融化。第三,金融化抑制了该国的投资,因为很大一部分投资本可以从实体部门转移到金融部门。第四,金融化对通货膨胀、外汇数量和国际收支逆差均有显著的正向影响。最后,经验证据表明,金融化是汇率和黄金储备增加、经济货币化、进口和家庭可支配收入相对于国内生产总值变动的结果。本文的研究结果提出了以下建议:通过宏观审慎金融监管控制金融化,减少国际收支逆差,加大对直接生产领域的投资,控制居民可支配消费相对于GDP的相对变动。关键词。金融化,政治经济学,金融监管。冻胶。C01, c10, g18, p16, p34。
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引用次数: 0
Are they willing to participate? A review on behavioral economics approach to voters turnout 他们愿意参与吗?选民投票率的行为经济学研究综述
Pub Date : 2021-04-27 DOI: 10.1453/JEPE.V8I1.2169
M. R. Sarkandiz
This article investigates the fundamental factors influencing the rate and manner of Electoral participation with an economic model-based approach. In this study, the structural parameters affecting people's decision making are divided into two categories. The first category includes general topics such as economic and livelihood status, cultural factors and, also, psychological variables. In this section, given that voters are analyzed within the context of consumer behavior theory, inflation and unemployment are considered as the most important economic factors. The second group of factors focuses more on the type of voting, with emphasis on government performance. Since the incumbent government and its supportive voters are in a game with two Nash equilibrium, and also because the voters in most cases are retrospect, the government seeks to keep its position by a deliberate change in economic factors, especially inflation and unemployment rates. Finally, to better understand the issue, a hypothetical example is presented and analyzed in a developing country in the form of a state-owned populist employment plan. Keywords. Voters turnout, Behavioral economics, Bandwagon effect, Economic voters, Hyperbolic memory discount. JEL. A13, C70, D11.
本文运用基于经济学模型的方法,对影响选举参与率和方式的基本因素进行了研究。本研究将影响人们决策的结构参数分为两类。第一类包括一般主题,如经济和生计状况、文化因素以及心理变量。在本节中,考虑到选民在消费者行为理论的背景下进行分析,通货膨胀和失业被认为是最重要的经济因素。第二组因素更多地关注投票的类型,强调政府的表现。由于现任政府和支持它的选民处于一种双纳什均衡的博弈中,而且选民在大多数情况下都是回顾性的,因此政府寻求通过有意改变经济因素,特别是通货膨胀和失业率,来保持自己的地位。最后,为了更好地理解这个问题,本文以一个发展中国家的国有民粹主义就业计划为形式,提出并分析了一个假设的例子。关键词。选民投票率,行为经济学,从众效应,经济选民,双曲记忆折扣。冻胶。A13, c70, d11。
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引用次数: 0
Towards an explanation of the Euro FX market reaction in the EU: A review of European integration during the EU crises 解释欧元外汇市场对欧盟的反应:回顾欧盟危机期间的欧洲一体化
Pub Date : 2021-04-27 DOI: 10.1453/JEPE.V8I1.2170
Bachar Fakhry
We review market participants' actions and the EU afterthe introduction of the euro and during the crises period and Brexit process. The crucial factor is the feedback effect in the reactions of the market participants and the EU. The euro was introduced in a compromised monetary union agreement, essentially underlining the European integrative process issues that were highlighted by the euro crises. Hence, for this reason, it is hard to explain the euro crises without referencing the European integration theories. On the other hand, it is difficult to understate the behavioural factors, including greed and fear, in the full explanation of thecrises. At the heart of this research is the introduction of a new model of testing the stability of the market extending the variance bound test of (Fakhry & Richter, 2015) underpinned by a Markov Switching GARCH model. We analyse the stability of the Euro FX Market from 1st January 1999 to 31st December 2019. We found a mixture of over and under reactions defining the three sub-periods which given the Euro heuristic influencing both the market participants’ and EU’s views seem to be an acceptable result. Keywords. Behavioural Finance, EU Integration, Euro, Euro Crises, Long/Short Run, Market Stability. JEL. C51, D81, G01, G02, H77.
我们回顾了市场参与者在引入欧元后、危机期间和英国脱欧过程中的行为和欧盟。关键因素是市场参与者和欧盟反应的反馈效应。欧元是在一个折衷的货币联盟协议中引入的,从本质上强调了欧洲一体化进程的问题,这些问题在欧元危机中得到了突出体现。因此,如果不参考欧洲一体化理论,就很难解释欧元危机。另一方面,在对危机的全面解释中,很难低估包括贪婪和恐惧在内的行为因素。本研究的核心是引入一种新的测试市场稳定性的模型,扩展了(Fakhry & Richter, 2015)的方差界检验,该检验以马尔科夫切换GARCH模型为基础。我们分析了1999年1月1日至2019年12月31日欧元外汇市场的稳定性。我们发现,鉴于欧元启发式对市场参与者和欧盟观点的影响,定义了三个子时期的过度和不足反应的混合物似乎是一个可接受的结果。关键词。行为金融学,欧盟一体化,欧元,欧元危机,长期/短期,市场稳定。冻胶。C51, d81, g01, g02, h77
{"title":"Towards an explanation of the Euro FX market reaction in the EU: A review of European integration during the EU crises","authors":"Bachar Fakhry","doi":"10.1453/JEPE.V8I1.2170","DOIUrl":"https://doi.org/10.1453/JEPE.V8I1.2170","url":null,"abstract":"We review market participants' actions and the EU afterthe introduction of the euro and during the crises period and Brexit process. The crucial factor is the feedback effect in the reactions of the market participants and the EU. The euro was introduced in a compromised monetary union agreement, essentially underlining the European integrative process issues that were highlighted by the euro crises. Hence, for this reason, it is hard to explain the euro crises without referencing the European integration theories. On the other hand, it is difficult to understate the behavioural factors, including greed and fear, in the full explanation of thecrises. At the heart of this research is the introduction of a new model of testing the stability of the market extending the variance bound test of (Fakhry & Richter, 2015) underpinned by a Markov Switching GARCH model. We analyse the stability of the Euro FX Market from 1st January 1999 to 31st December 2019. We found a mixture of over and under reactions defining the three sub-periods which given the Euro heuristic influencing both the market participants’ and EU’s views seem to be an acceptable result. Keywords. Behavioural Finance, EU Integration, Euro, Euro Crises, Long/Short Run, Market Stability. JEL. C51, D81, G01, G02, H77.","PeriodicalId":432468,"journal":{"name":"Journal of Economics and Political Economy","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127620364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
AHP analysis of classifying and positioning the crucial influential factors of brand establishment in the semiconductor industry 半导体行业品牌建立关键影响因素分类与定位的层次分析法
Pub Date : 2021-01-03 DOI: 10.1453/JEPE.V7I4.2128
A. Kingson, Wen-Hsiang Lai
Abstract. This study categorizes the crucial influencing factors and positions them according to their importance in achieving the impact of semiconductor brand establishment on improving corporate performance and meeting customer needs. This study conducted an in-depth literature review that recognizes the crucial factors necessary for implementing influence in establishing a semiconductor brand. This study identifies five main variables and 17 subvariables, including “Customer value”, “Brand equity”, “Brand loyalty”, “Brand orientation” and “Brand performance”, and provides experts’ suggestions. The positioning of 17 subvariables and 5 main variables representing crucial influential factors was performed using an analytical hierarchy process (AHP) technique per their relevance in crucial influential factor implementation. The results show that 5 main variables and 17 subvariables play a vital role in the successful implementationof the impact of establishing a semiconductor brand, and  “Customer value” has gained more weight compared to the other main variables. ‘Addressing problem’, ‘Superior value’ and ‘New product development’ are more important than are other subvariables. The limitation of this study is that, first, although this study consults experts from the semiconductor industry and academia of various countries, their opinions are only relevant to their regions. Second, the development of this model only applies to the semiconductor industry. Third, only expert opinion variables were used for pairwise comparisons. This study compensates for the lack of key factors in establishing a semiconductor brand, using the literature and expert questionnaires to obtain the weight of each factor through the AHP method and ranking them in order of importance. It examines the overall situation of the practice of building brand comprehension, missing no factor, understanding where the key points areand using them effectively. This research advances the implementation focus of the key factors that affect the establishment of semiconductor brands. According to the results of the literature review, this study is the first on implementing key factors affecting the establishment of a semiconductor brand. This study attempts to fill this gap. Keywords. Crucial influential factors, Establishing semiconductor brand, AHP. JEL. C44, M21, M31, D81, L29.
摘要本研究将关键影响因素进行分类,并根据其在实现半导体品牌建立对提高企业绩效和满足客户需求的影响中的重要性进行定位。本研究进行了深入的文献回顾,认识到在建立半导体品牌中实施影响力所必需的关键因素。本研究确定了“顾客价值”、“品牌资产”、“品牌忠诚”、“品牌导向”和“品牌绩效”五个主变量和17个子变量,并提供专家建议。利用层次分析法(AHP)对代表关键影响因素的17个子变量和5个主变量进行定位,确定其在关键影响因素实现中的相关性。结果表明,5个主变量和17个子变量对建立半导体品牌影响的成功实施起着至关重要的作用,其中“客户价值”相对于其他主要变量获得了更大的权重。“解决问题”、“卓越价值”和“新产品开发”比其他子变量更重要。本研究的局限性在于,首先,虽然本研究咨询了各国半导体行业和学术界的专家,但他们的意见仅与各自所在地区相关。第二,这种模式的发展只适用于半导体行业。第三,仅使用专家意见变量进行两两比较。本研究弥补了建立半导体品牌的关键因素的缺失,采用文献资料和专家问卷,通过层次分析法获得各因素的权重,并按重要程度排序。它考察了建立品牌理解实践的总体情况,没有遗漏任何因素,理解关键点在哪里并有效地使用它们。本研究提出了影响半导体品牌建立的关键因素的实施重点。根据文献回顾的结果,本研究是第一个对半导体品牌建立的关键影响因素实施的研究。本研究试图填补这一空白。关键词。关键影响因素,建立半导体品牌,层次分析法。冻胶。C44, m21, m31, d81, l29。
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引用次数: 0
From optimism to pessimism: The stability of the Euro FX market in the short and long run 从乐观到悲观:欧元外汇市场短期和长期的稳定
Pub Date : 2021-01-03 DOI: 10.1453/JEPE.V7I4.2149
Bachar Fakhry
Abstract. We review the EU’s actions over the euro’s lifetime; since its introduction thru to the populist uprising of the late 2010s. The euro was introduced on a wave of optimism throughout the EU, although based on a compromised monetary agreement. Essentially, underlining the crisis and movement from optimism to pessimism in the EU integration road. Thus, it is hard to analyse the euro without reviewing the theories influencing this road. Furthermore, we analyse the long and short-run market stability of the euro FX market using the variance bound model of (Fakhry & Richter, 2018). However, it is difficult to explain the market analysis without referencing behavioural finance. Thus we use key elements of behavioural finance, such as the opposite scale behaviours of greed and fear, to fully explain the timeline analysis of the euro FX market stability in both the long and short runs. At first glance, the result was unexpected due to the critical factor that the market was significantly volatile in the long run; despite conventional wisdom dictating that in the long-run, the financial markets are generally stable. One possible explanation is that the market participants are fearful of the long-run future of the Euro. Keywords. Behavioural Finance, EU Integration, Euro, Euro Crises, Long/Short Run, Market Stability. JEL. C58, D81, G01, G02, H77.
摘要我们回顾了欧元诞生以来欧盟的行动;从2010年代末的民粹主义起义开始。欧元是在整个欧盟的乐观浪潮中推出的,尽管它是基于一项妥协的货币协议。从本质上讲,强调了危机和从乐观到悲观的欧盟一体化道路。因此,如果不回顾影响这条道路的理论,就很难分析欧元。此外,我们使用(Fakhry & Richter, 2018)的方差约束模型分析了欧元外汇市场的长期和短期市场稳定性。然而,如果不参考行为金融学,就很难解释市场分析。因此,我们使用行为金融学的关键要素,如贪婪和恐惧的相反规模行为,来充分解释欧元外汇市场长期和短期稳定性的时间轴分析。乍一看,这个结果是出乎意料的,因为关键因素是市场在长期内剧烈波动;尽管传统观点认为,从长远来看,金融市场总体上是稳定的。一种可能的解释是,市场参与者对欧元的长期前景感到担忧。关键词。行为金融学,欧盟一体化,欧元,欧元危机,长期/短期,市场稳定。冻胶。C58, d81, g01, g02, h77。
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引用次数: 0
The growth and development analytical controversies in economic science: A reassessment for the post-Covid-19 era 经济科学中的增长与发展分析争议:后新冠时代的再评估
Pub Date : 2020-12-30 DOI: 10.1453/JEPE.V7I4.2140
Charis Vlados
Abstract. A repositioning of the theoretical instruments of development and growth in the context of economics and political economy that we have at our disposal to date seems necessary, especially after the structural transformation caused by the COVID-19 socio-economic and pandemic crisis. Specifically, the overcoming of the COVID-19 era of crisis seems to depend on how we will manage to re-perceive the theory of economic development and apply its proposals in new economic policies, in global terms. In this context, this article examines whether the conceptual and “therapeutic” foundations of development economics have today the necessary potential to cope with structural changes caused by the ongoing global socio-economic crisis. We assess the current debate in the literature of “economic development versus economic growth” and conclude that a new, comprehensive and evolutionary, orientation to understanding economic development seems necessary to respond to new global challenges for the post-COVID-19 era. We propose a multidisciplinary and evolutionary conceptual direction that suggests the multi-angle understanding of diverse historical configurations. We argue that all socio-economic mutations accelerated by the current pandemic crisis have systemic and evolutionary content and effects and cannot be reliably perceived as mere coincidences of “quantities” and growth “performances.” In this way, we can only disagree with any static and linear approach to the current crisis that directly or indirectly leads to reproducing the rigid enclosure of the analysis in partial specializations of economics. On the contrary, we counter-propose a theoretical response of evolutionary type to assess the contemporary theory of economic development and the political economy in the post-COVID-19 era as an interdisciplinary crossroads for all socio-economic sciences. Keywords. International political economy, Economic science, Economic development, Economic growth, Economic development versus economic growth, Social science, Socio-economic crisis, Post-COVID-19 era, Evolutionary economics. JEL. O10, O40, B52.
摘要在我们迄今掌握的经济和政治经济学背景下,重新定位发展和增长的理论工具似乎是必要的,特别是在2019冠状病毒病社会经济和大流行危机造成的结构转型之后。具体来说,克服新冠肺炎危机时代似乎取决于我们如何重新认识经济发展理论,并在全球范围内将其建议应用于新的经济政策。在此背景下,本文考察了发展经济学的概念和“治疗”基础在今天是否具有应对持续的全球社会经济危机造成的结构性变化的必要潜力。我们评估了当前文献中关于“经济发展与经济增长”的争论,得出结论认为,要应对后covid -19时代的新全球挑战,似乎有必要以一种新的、全面的、渐进的方向来理解经济发展。我们提出了一个多学科和进化的概念方向,这表明了对不同历史形态的多角度理解。我们认为,当前大流行危机加速的所有社会经济突变都具有系统性和进化的内容和影响,不能可靠地视为“数量”和增长“表现”的巧合。通过这种方式,我们只能不同意任何静态的和线性的方法来处理当前的危机,直接或间接地导致在经济学的部分专业化中再现分析的刚性封闭。相反,我们提出了一种进化型的理论回应,以评估后covid -19时代的当代经济发展理论和政治经济学作为所有社会经济科学的跨学科十字路口。关键词。国际政治经济学,经济科学,经济发展,经济增长,经济发展与经济增长,社会科学,社会经济危机,后新冠时代,进化经济学。冻胶。O10, o40, b52。
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引用次数: 7
A gravity model for international trade and conflict 国际贸易和冲突的重力模型
Pub Date : 2020-09-28 DOI: 10.1453/JEPE.V7I3.2094
Youssef Oukhallou
Abstract. This paper investigates the nexus between conflict and trade using data from 77 countries. For this purpose, it puts forward a gravity model that is augmented with interstate conflict casualties. In order to overcome statistical problems related to heteroscedasticity and the omission of the extensive margin (the zero observations), the gravity model is estimated using a Poisson Pseudo-Maximum Likelihood method (PPML). The model suggests a downward impact on trade that affects all sides of the conflict, whether they suffer casualties or deal them. However, said impact remains small, which hints that even before direct conflicts occur, the involved countries are less likely to have significant trade flows. Keywords. International trade, Armed conflict, Gravity model. JEL. C23, F14, F51.
摘要本文利用来自77个国家的数据调查了冲突与贸易之间的关系。为此,本文提出了一个增加了国家间冲突伤亡的引力模型。为了克服异方差和遗漏广泛边际(零观测值)的统计问题,采用Poisson伪极大似然法(PPML)对重力模型进行估计。该模型表明,对贸易的下行影响影响到冲突的所有各方,无论他们是遭受伤亡还是达成协议。然而,上述影响仍然很小,这表明即使在直接冲突发生之前,相关国家也不太可能有大量的贸易流动。关键词。国际贸易,武装冲突,重力模型。冻胶。C23, f14, f51。
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引用次数: 1
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Journal of Economics and Political Economy
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