Pub Date : 2024-01-27DOI: 10.1080/00036846.2024.2305621
Fábio A. R. Gomes, Lívia C. M. Melo, Gian Paulo Soave
{"title":"Flexible markov-switching models with evolving regime-specific parameters: an application to Brazilian business cycles","authors":"Fábio A. R. Gomes, Lívia C. M. Melo, Gian Paulo Soave","doi":"10.1080/00036846.2024.2305621","DOIUrl":"https://doi.org/10.1080/00036846.2024.2305621","url":null,"abstract":"","PeriodicalId":505233,"journal":{"name":"Applied Economics","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139592511","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}
Pub Date : 2024-01-26DOI: 10.1080/00036846.2023.2301221
Huiming Zhang, Zhen Ma, Siji Qian
{"title":"The market efficiency analysis of China’s copper options based on risk-free arbitrages","authors":"Huiming Zhang, Zhen Ma, Siji Qian","doi":"10.1080/00036846.2023.2301221","DOIUrl":"https://doi.org/10.1080/00036846.2023.2301221","url":null,"abstract":"","PeriodicalId":505233,"journal":{"name":"Applied Economics","volume":"63 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139593915","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}
Pub Date : 2024-01-24DOI: 10.1080/00036846.2023.2301224
Wei-Liang Zhang, Keunyeob Oh
{"title":"A study on the efficiency of economic support policies in response to COVID-19","authors":"Wei-Liang Zhang, Keunyeob Oh","doi":"10.1080/00036846.2023.2301224","DOIUrl":"https://doi.org/10.1080/00036846.2023.2301224","url":null,"abstract":"","PeriodicalId":505233,"journal":{"name":"Applied Economics","volume":"57 20","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139600950","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}
Pub Date : 2024-01-18DOI: 10.1080/00036846.2024.2301976
Xiaodong Wang, Shan Yu, Li Zhang
This article seeks to explore the efficacy of the Housing-Resale Restriction (HRR) policy in curtailing housing speculation, complementing existing literature that primarily examines the impact of taxation. The HRR policy directly reduces speculative opportunities through heightened liquidity constraints. Employing the methodology of regression discontinuity in time (RDiT), this study analyzes the impact of liquidity constraints on housing price growth rates based on the monthly community-level data from Qingdao, China, where the HRR policy was the most stringent in terms of scope and holding time requirement. The results show that the HRR policy reduced housing price growth rates by 1.3881 to 2.1001% points on average. Moreover, the disincentive impact was less pronounced in affluent, recently developed communities and those near subway stations. These findings provide valuable insights for policymakers to regulate the real estate market, mitigate excessive speculation, and prevent market bubbles.
{"title":"Liquidity constraints and speculation: Evidence from the housing-resale restriction policy in Qingdao, China","authors":"Xiaodong Wang, Shan Yu, Li Zhang","doi":"10.1080/00036846.2024.2301976","DOIUrl":"https://doi.org/10.1080/00036846.2024.2301976","url":null,"abstract":"This article seeks to explore the efficacy of the Housing-Resale Restriction (HRR) policy in curtailing housing speculation, complementing existing literature that primarily examines the impact of taxation. The HRR policy directly reduces speculative opportunities through heightened liquidity constraints. Employing the methodology of regression discontinuity in time (RDiT), this study analyzes the impact of liquidity constraints on housing price growth rates based on the monthly community-level data from Qingdao, China, where the HRR policy was the most stringent in terms of scope and holding time requirement. The results show that the HRR policy reduced housing price growth rates by 1.3881 to 2.1001% points on average. Moreover, the disincentive impact was less pronounced in affluent, recently developed communities and those near subway stations. These findings provide valuable insights for policymakers to regulate the real estate market, mitigate excessive speculation, and prevent market bubbles.","PeriodicalId":505233,"journal":{"name":"Applied Economics","volume":"104 34","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139616018","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}
Pub Date : 2024-01-17DOI: 10.1080/00036846.2024.2303615
Shengqi Yang, Lin He
{"title":"Asset allocation via life-cycle adjusted PPI strategy: evidence from the U.S. and China stock market","authors":"Shengqi Yang, Lin He","doi":"10.1080/00036846.2024.2303615","DOIUrl":"https://doi.org/10.1080/00036846.2024.2303615","url":null,"abstract":"","PeriodicalId":505233,"journal":{"name":"Applied Economics","volume":" 16","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139616617","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}
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