{"title":"Desindustrialización y desaceleración de la productividad en Estados Unidos","authors":"Adrian Rial","doi":"10.33776/rem.v0i59.5182","DOIUrl":"https://doi.org/10.33776/rem.v0i59.5182","url":null,"abstract":"","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69686761","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
María de los Baños García-Moreno García, Jose Angel Roldán Casas
{"title":"Análisis del grado de eficiencia débil en algunos mercados financieros europeos. Primer impacto del COVID-19","authors":"María de los Baños García-Moreno García, Jose Angel Roldán Casas","doi":"10.33776/rem.v0i59.5157","DOIUrl":"https://doi.org/10.33776/rem.v0i59.5157","url":null,"abstract":"","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41506988","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exchange rate uncertainty and cereals exports: A panel VAR approach","authors":"R. Miranda, Leonel Muinelo‐Gallo","doi":"10.33776/rem.v0i59.4903","DOIUrl":"https://doi.org/10.33776/rem.v0i59.4903","url":null,"abstract":"","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45529127","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The determinants of financialization - A Bayesian approach","authors":"K. Szarzec, J. Gazda, P. Marszałek","doi":"10.33776/rem.v0i59.5092","DOIUrl":"https://doi.org/10.33776/rem.v0i59.5092","url":null,"abstract":"","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42588315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this work we offer a historical overview of the pandemics which have troubled humanity over the course of centuries and their economic impact. All of these pandemics share a direct relation to international trade and globalisation. Our aim is to provide a historical reference of previous pandemics and their direct connection to the phenomenon of globalisation.
{"title":"Pandemics and globalisation: parallel paths throughout history","authors":"N. Carmona-González, María-Pilar Sánchez-Martín","doi":"10.33776/REM.V0I58.4843","DOIUrl":"https://doi.org/10.33776/REM.V0I58.4843","url":null,"abstract":"In this work we offer a historical overview of the pandemics which have troubled humanity over the course of centuries and their economic impact. All of these pandemics share a direct relation to international trade and globalisation. Our aim is to provide a historical reference of previous pandemics and their direct connection to the phenomenon of globalisation.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48266073","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Esta investigacion aborda una tematica apenas estudiada en la literatura sobre la eurozona: un estudio comparativo de la rentabilidad del capital en una muestra representativa de las economias mas avanzadas y de la periferia. A partir de un enfoque de economia politica, se muestran calculos de la tasa de beneficio y el volumen de excedente, asi como de la productividad (laboral) de excedente, el empleo y el proceso de acumulacion de capital. El estudio revela una asimetria entre el centro y la periferia en cuanto a la rentabilidad, junto a un problema subyacente de rentabilidad. Ademas, se constata un profundo cambio a partir de la Gran Recesion, aunque por el momento no se materializa en ninguna tendencia hacia la convergencia productiva entre el centro y la periferia.
{"title":"Rentabilidad del capital en el centro y la periferia de la eurozona. Un análisis comparativo","authors":"Juan Pablo Mateo Tomé, Fahd Boundi Chraki","doi":"10.33776/REM.V0I58.4904","DOIUrl":"https://doi.org/10.33776/REM.V0I58.4904","url":null,"abstract":"Esta investigacion aborda una tematica apenas estudiada en la literatura sobre la eurozona: un estudio comparativo de la rentabilidad del capital en una muestra representativa de las economias mas avanzadas y de la periferia. A partir de un enfoque de economia politica, se muestran calculos de la tasa de beneficio y el volumen de excedente, asi como de la productividad (laboral) de excedente, el empleo y el proceso de acumulacion de capital. El estudio revela una asimetria entre el centro y la periferia en cuanto a la rentabilidad, junto a un problema subyacente de rentabilidad. Ademas, se constata un profundo cambio a partir de la Gran Recesion, aunque por el momento no se materializa en ninguna tendencia hacia la convergencia productiva entre el centro y la periferia.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44510716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Hussain, N. Mahmood, Fuzhong Chen (corresponding author), Zeeshan Khan, Muhammad Usman
Numerous studies have estimated the linkage of economic growth and environmental degradation in the framework of EKC theory with typical CO 2 emissions proxy. However, the complexity of environmental degradation (ED) is better measured by ecological footprint (ECF) in any geographical territory. Against this background, the present study is an effort to contribute to the existing literature by re-investigating the EKC hypothesis with ecological footprint and CO 2 emissions proxy in the largest population of the world. Moreover, the role of population density is also considered with maximum data available from 1961 to 2016 for China. To estimate the said linkage, we apply first, second, and third-generation econometric approaches i. e. Augmented Dickey-Fuller unit root test, Zaviot Andrew’s unit root test with structural breaks, and Carrion-i-Silvestre’s general least-squares based test with several structural breaks. Likewise, the co-integration relationship is examined by applying Maki’s co-integration econometric approach with multiple structural breaks. Furthermore, the autoregressive distributive lag model is applied to investigate the long-run and short-run relationships by incorporating year dummies highlighted by MBk. The results report the U-shaped EKC for China, which means economic growth is helping to clean the environment while the population density (PD) is found to be a cause of increasing ED. Findings have robust policy implications for China.
{"title":"Comparative re-estimation of environmental degradation and population density in China: Evidence from the Maki’s regime shift approach","authors":"M. Hussain, N. Mahmood, Fuzhong Chen (corresponding author), Zeeshan Khan, Muhammad Usman","doi":"10.33776/REM.V0I58.4667","DOIUrl":"https://doi.org/10.33776/REM.V0I58.4667","url":null,"abstract":"Numerous studies have estimated the linkage of economic growth and environmental degradation in the framework of EKC theory with typical CO 2 emissions proxy. However, the complexity of environmental degradation (ED) is better measured by ecological footprint (ECF) in any geographical territory. Against this background, the present study is an effort to contribute to the existing literature by re-investigating the EKC hypothesis with ecological footprint and CO 2 emissions proxy in the largest population of the world. Moreover, the role of population density is also considered with maximum data available from 1961 to 2016 for China. To estimate the said linkage, we apply first, second, and third-generation econometric approaches i. e. Augmented Dickey-Fuller unit root test, Zaviot Andrew’s unit root test with structural breaks, and Carrion-i-Silvestre’s general least-squares based test with several structural breaks. Likewise, the co-integration relationship is examined by applying Maki’s co-integration econometric approach with multiple structural breaks. Furthermore, the autoregressive distributive lag model is applied to investigate the long-run and short-run relationships by incorporating year dummies highlighted by MBk. The results report the U-shaped EKC for China, which means economic growth is helping to clean the environment while the population density (PD) is found to be a cause of increasing ED. Findings have robust policy implications for China.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48303179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Este trabajo presenta una introduccion a la teoria de los modelos de crecimiento dirigidos por la demanda dentro del campo de la Economia Politica Comparada. Primero, se ofrece un esquema analitico con las caracteristicas fundamentales de esta nueva agenda de investigacion planteada por Baccaro & Pontusson (2016), como son la tipologia de modelos y las variables principales que los determinan. En segundo lugar, se profundiza en la relacion existente con los regimenes de demanda ( wage-led / profit-led ) y se propone un enfoque basado en el comportamiento de la inversion como determinante de los modelos de crecimiento. Finalmente, se aplica empiricamente este enfoque a cinco economias europeas del periodo 1995-2018. La principal conclusion es que la agenda de investigacion de los modelos de crecimientos tiene el potencial para renovar tanto los estudios de EPC como los de regimenes de demanda, asi como aportar una interpretacion mas profunda de la evolucion reciente de las economias europeas
{"title":"Fundamentos institucionales del crecimiento dirigido por la demanda: una nueva agenda de investigación","authors":"Luis Cardenas, D. Herrero, Adrian Rial","doi":"10.33776/REM.V0I58.5033","DOIUrl":"https://doi.org/10.33776/REM.V0I58.5033","url":null,"abstract":"Este trabajo presenta una introduccion a la teoria de los modelos de crecimiento dirigidos por la demanda dentro del campo de la Economia Politica Comparada. Primero, se ofrece un esquema analitico con las caracteristicas fundamentales de esta nueva agenda de investigacion planteada por Baccaro & Pontusson (2016), como son la tipologia de modelos y las variables principales que los determinan. En segundo lugar, se profundiza en la relacion existente con los regimenes de demanda ( wage-led / profit-led ) y se propone un enfoque basado en el comportamiento de la inversion como determinante de los modelos de crecimiento. Finalmente, se aplica empiricamente este enfoque a cinco economias europeas del periodo 1995-2018. La principal conclusion es que la agenda de investigacion de los modelos de crecimientos tiene el potencial para renovar tanto los estudios de EPC como los de regimenes de demanda, asi como aportar una interpretacion mas profunda de la evolucion reciente de las economias europeas","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41791293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Antonio José Garzón Gordón, Luis Ángel Hierro Recio, N. Apergis
This paper investigates the role of oil rents as implicit transfers that redistribute global income through international trade channels. It involves estimating these rents, calculating the redistributive effect, exploring the role of exports and imports and the different impact depending on income per capita. The results document that (i) implicit international oil trade rents lead to a positive but declining reduction in international income inequality, although it becomes regressive after 2001 using PPP income estimates; (ii) redistribution is basically generated via exports, with imports playing a minor role; and (iii) international oil rents have a greater impact on the countries in the lowest deciles. The novelty of this work is that, for the first time, the international redistributive effect of oil rents is studied, by introducing the concept of implicit transfers in international trade, which opens up new fields of research in the area of global income inequality.
{"title":"Oil trade rents and International Income Inequality","authors":"Antonio José Garzón Gordón, Luis Ángel Hierro Recio, N. Apergis","doi":"10.33776/REM.V0I58.5129","DOIUrl":"https://doi.org/10.33776/REM.V0I58.5129","url":null,"abstract":"This paper investigates the role of oil rents as implicit transfers that redistribute global income through international trade channels. It involves estimating these rents, calculating the redistributive effect, exploring the role of exports and imports and the different impact depending on income per capita. The results document that (i) implicit international oil trade rents lead to a positive but declining reduction in international income inequality, although it becomes regressive after 2001 using PPP income estimates; (ii) redistribution is basically generated via exports, with imports playing a minor role; and (iii) international oil rents have a greater impact on the countries in the lowest deciles. The novelty of this work is that, for the first time, the international redistributive effect of oil rents is studied, by introducing the concept of implicit transfers in international trade, which opens up new fields of research in the area of global income inequality.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42595665","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Diego Azqueta Oyarzun, Guillermina Gavaldón Hernández, Daniel Sotelsek Salem
Covid-19 will aggravate the problem of child labor. The traditional policy to fight this problem has relied heavily on the role of the school. Empirical evidence shows that the benefits of basic education for poor families are very high. Yet, these high returns may be a statistical illusion when social and economic inequality prevail. In this case, while fighting inequality and enhancing social mobility, the emphasis should be put on the role of the school as provider of goods and services: on maintaining Conditional Cash Transfer programs. This is the more urgent when the pandemic is forcing temporary school closures.
{"title":"Child Labour and the role of the school","authors":"Diego Azqueta Oyarzun, Guillermina Gavaldón Hernández, Daniel Sotelsek Salem","doi":"10.33776/REM.V0I58.4923","DOIUrl":"https://doi.org/10.33776/REM.V0I58.4923","url":null,"abstract":"Covid-19 will aggravate the problem of child labor. The traditional policy to fight this problem has relied heavily on the role of the school. Empirical evidence shows that the benefits of basic education for poor families are very high. Yet, these high returns may be a statistical illusion when social and economic inequality prevail. In this case, while fighting inequality and enhancing social mobility, the emphasis should be put on the role of the school as provider of goods and services: on maintaining Conditional Cash Transfer programs. This is the more urgent when the pandemic is forcing temporary school closures.","PeriodicalId":44512,"journal":{"name":"Revista De Economia Mundial","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43407692","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}