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Economic inequality, culture, and governance quality 经济不平等、文化和治理质量
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-04-11 DOI: 10.1111/joes.12623
Andreas P. Kyriacou
We review work that has linked economic inequality and culture to governance quality. We start with contributions that have considered the relationship between inequality and governance from a long‐run perspective. This historical perspective yields a range of insights and helps identify the deep drivers of specific cultural traits that relate to both economic inequality and governance in contemporary societies. We then survey work that has linked inequality and culture to governance in present‐day settings. We identify the complexity of the relationships with causality between any pair of these variables running both ways. These causal patterns, in turn, imply that countries may end up in either a good equilibrium characterized by lower economic inequality, the “right” culture and good governance, or a bad equilibrium described by greater inequality, the “wrong” culture and bad governance. We conclude with a range of policy implications.
我们回顾了将经济不平等和文化与治理质量联系起来的工作。我们首先从长远的角度探讨不平等与治理之间的关系。这种历史视角产生了一系列见解,有助于确定与当代社会经济不平等和治理相关的特定文化特征的深层驱动因素。然后,我们调查了在当今环境下将不平等和文化与治理联系起来的工作。我们确定了这些变量之间因果关系的复杂性。这些因果模式反过来又意味着,各国最终可能会处于一种好的均衡状态,其特点是经济不平等程度较低、文化 "正确 "且治理良好;或者处于一种坏的均衡状态,其特点是不平等程度较高、文化 "错误 "且治理不善。最后,我们提出了一系列政策影响。
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引用次数: 0
Maddison‐style estimates of the evolution of the world economy: A new 2023 update 麦迪逊式的世界经济演变估算:2023 年更新版
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-04-04 DOI: 10.1111/joes.12618
Jutta Bolt, Jan Luiten van Zanden
This paper surveys the literature on historical national accounting, discusses the importance of relative income benchmarks for, in particular, historical income estimates, and presents an update of long run global economic development with a new version of the Maddison Project Database (MPD). As benchmarks are central to methodologies for global income comparisons over time, and therefore vital to MPD, we analyze the consequences and biases of three benchmarks, the 1990 benchmark, the 2011 benchmark and the multiple benchmark method following the recent Penn World Tables (PWT) methodology, for pre‐1940 income estimates. We develop a methodology to determine which benchmark in combination with time series produces the best anchor for the historical income estimates in the MPD. We conclude that the best way forward for the Maddison Project is to stick to the original 1990 benchmark, yet with two important changes. First, we integrate the 2011 benchmark for the post‐1990 period, and second, we fine tune the dataset for the pre‐1940 period by integrating a new historical benchmark for the US/UK comparison in 1909. By integrating more benchmarks, the MPD moves closer to a multiple benchmark approach as developed by the PWT.
本文对历史国民经济核算方面的文献进行了调查,讨论了相对收入基准对历史收入估算的重要性,并通过新版麦迪逊项目数据库(MPD)对全球长期经济发展进行了更新。 由于基准是全球收入长期比较方法的核心,因此对 MPD 至关重要,我们分析了 1990 年基准、2011 年基准和采用最新宾大世界表(PWT)方法的多重基准法这三种基准对 1940 年前收入估算的影响和偏差。我们制定了一种方法,以确定哪种基准与时间序列相结合,能为 MPD 中的历史收入估算提供最佳锚。我们得出的结论是,麦迪逊计划的最佳前进方向是坚持使用 1990 年的原始基准,但有两个重要变化。首先,我们整合了 1990 年后的 2011 年基准;其次,我们通过整合 1909 年美国/英国比较的新历史基准,对 1940 年前的数据集进行了微调。通过整合更多基准,MPD 更接近于 PWT 开发的多基准方法。
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引用次数: 0
Price effects of commodity financialization: Review of the evidence 商品金融化对价格的影响:证据回顾
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-27 DOI: 10.1111/joes.12619
M. M. Kupabado, Juergen Kaehler
Following the 2007/2008 financial crisis, the price effects of commodity financialization have become an important research topic. We review the empirical evidence, focusing on statistical approaches and econometric models, and find that (1) Granger‐causality tests are unable to establish a relationship between commodity futures prices and funds of financial investors, implying a lack of evidence that financialization influences commodity futures prices and (2) studies that use correlation and price spread analysis mostly report evidence of a significant price effect of financialization. Thus, the statistical and econometric approaches adopted by the various studies influence the empirical findings. In addition, data identification may have an impact since economic models and statistical techniques can be sensitive to slight differences in the dataset. Our study of the literature shows that the definition of financialization is open‐ended and ambiguous. A theoretical literature review on financialization could be the logical next step.
2007/2008 年金融危机之后,商品金融化的价格效应成为一个重要的研究课题。我们以统计方法和计量经济学模型为重点,回顾了实证证据,发现:(1)格兰杰因果关系检验无法确定商品期货价格与金融投资者资金之间的关系,这意味着缺乏金融化影响商品期货价格的证据;(2)使用相关性和价差分析的研究大多报告了金融化对价格产生显著影响的证据。因此,不同研究采用的统计和计量经济学方法会影响实证研究结果。此外,数据识别也会产生影响,因为经济模型和统计技术可能对数据集的细微差别很敏感。我们对文献的研究表明,金融化的定义是开放的、模糊的。关于金融化的理论文献综述可能是合乎逻辑的下一步。
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引用次数: 0
Synthesizing explanations behind global gender (in)equality: Identifying the gaps and moving forward with more economic history 综合解释全球性别(不)平等背后的原因:找出差距,用更多的经济史推动发展
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-23 DOI: 10.1111/joes.12620
Selin Dilli
This article aims to bridge the mainstream social science and the economic history literatures on the drivers of gender equality across contexts. We discuss the explanations in the social science literature on five central dimensions of global gender equality—health, work, education, marriage, and political representation—and survey the economic history literature that studied these explanations in the historical context. We analyze the commonalities and contradictions in the theoretical and methodological approaches of the two strands. The survey then offers an interdisciplinary theoretical framework that can bridge the two strands. By doing so, the review article discusses how incorporating the economic history literature into the social science literature can improve our current understanding of global gender equality in two ways. First, the long durée perspective provides insight into the diversity in the historical turning points in gender equality across world regions over the 20th century. Second, it suggests that the integration of a historical perspective can tackle the difficulties in isolating causal mechanisms and identify why standard economic and institutional conditions have varying impacts on gender equality outcomes across world regions. It also identifies the limitations in the current social science and economic history literatures and provide directions for future research.
本文旨在沟通主流社会科学文献与经济史文献对不同背景下性别平等驱动因素的研究。我们讨论了社会科学文献对全球性别平等五个核心维度--健康、工作、教育、婚姻和政治代表权--的解释,并考察了在历史背景下研究这些解释的经济史文献。我们分析了这两个方面在理论和方法上的共同点和矛盾。然后,该调查提供了一个跨学科的理论框架,可以在这两个分支之间架起桥梁。通过这样做,评论文章讨论了如何将经济史文献纳入社会科学文献,从而从两个方面改善我们目前对全球性别平等的理解。首先,长期视角让我们深入了解 20 世纪世界各地区性别平等历史转折点的多样性。其次,它表明,历史视角的整合可以解决因果机制分离的困难,并确定为什么标准的经济和制度条件会对世界各地区的性别平等结果产生不同的影响。报告还指出了当前社会科学和经济史文献的局限性,并为今后的研究指明了方向。
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引用次数: 0
The global sanitary revolution in historical perspective 从历史角度看全球卫生革命
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-21 DOI: 10.1111/joes.12607
Daniel Gallardo‐Albarrán
This survey sheds light on the causes and consequences of the global sanitary revolution that resulted in the spread of waterworks and sewerage projects since the middle of the 19th century, by drawing on research from the fields of economic history, economics, and history. I begin with a discussion of the construction of these infrastructures during the period ca. 1850–1950 showing that their spread was relatively similar in major urban cities across the globe, while diffusion within and between countries, as well as within cities themselves, was markedly unequal. Second, I review research estimating the mortality impact of access to clean water and sanitation. Following the provision of these services, infant mortality declined between ca. 10 and 30 percent. Lastly, I examine the drivers of the sanitary revolution with a new framework that distinguishes between proximate factors (e.g., physical capital) and ultimate factors (e.g., institutions). I argue that the state of knowledge in the literature is insufficient to explain between‐ and within country differences in access to sanitary services and that more attention should be devoted to the interaction of political and economic factors within broader institutional, cultural and biogeographic contexts.
自 19 世纪中叶以来,全球卫生革命导致自来水厂和下水道工程的普及,本调查通过利用经济史、经济学和历史学领域的研究,揭示了这场革命的原因和后果。首先,我讨论了约 1850-1950 年间这些基础设施的建设情况,结果表明,它们在全球主要城市的传播情况相对相似,而在国家内部和国家之间以及城市内部的传播则明显不平等。其次,我回顾了对获得清洁水和卫生设施对死亡率影响的估计研究。在提供这些服务之后,婴儿死亡率下降了约 10% 到 30%。最后,我用一个新的框架来研究卫生革命的驱动因素,该框架区分了近因(如物质资本)和终因(如制度)。我认为,文献中的知识不足以解释国家之间和国家内部在获得卫生服务方面的差异,应该更多地关注政治和经济因素在更广泛的制度、文化和生物地理背景下的相互作用。
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引用次数: 0
Macroeconomic effects of a declining wage share: A meta‐analysis of the functional income distribution and aggregate demand 工资份额下降的宏观经济影响:对功能性收入分配和总需求的元分析
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-09 DOI: 10.1111/joes.12614
Quirin Dammerer, Ludwig List, Miriam Rehm, Matthias Schnetzer
This paper reviews the theoretical and empirical literature on the relationship between the functional distribution of income and aggregate demand, which investigates whether declining wage shares increase (“profit‐led”) or decrease (“wage‐led”) demand. It conducts a meta‐regression analysis of 33 studies with 578 estimates for total and domestic demand, covering up to 163 years and 59 countries and regions. Our results suggest that, on average and across all countries, total demand is predominantly profit‐led and domestic demand mainly wage‐led. The effects in the literature range between 0.8 and −0.3 within one standard deviation for domestic demand and between 0.4 and −0.7 for total demand, which are economically significant at the outer bounds. We find mixed evidence for publication selectivity, which may affect the size but not the direction of the results in the literature. If one was to nonetheless correct for this, then total demand would be less profit‐led or statistically insignificant. A set of moderator variables, including publication characteristics, estimation strategies, the covariates included in the studies’ estimation functions, and, in particular, controls for time and space, help explain the variation in the empirical estimates.
本文回顾了有关收入功能分配与总需求之间关系的理论和实证文献,探讨了工资份额下降是增加("利润主导型")还是减少("工资主导型")需求的问题。本报告对 33 项研究进行了元回归分析,对总需求和国内需求进行了 578 次估计,涵盖了长达 163 年、59 个国家和地区。我们的结果表明,平均而言,在所有国家,总需求主要由利润主导,而国内需求主要由工资主导。在一个标准差内,文献中对国内需求的影响介于 0.8 和-0.3 之间,对总需求的影响介于 0.4 和-0.7 之间,这些影响在外部界限上具有经济意义。我们发现出版选择性的证据不一,这可能会影响文献中结果的大小,但不会影响其方向。如果不对其进行校正,那么总需求的利润导向性就会降低,或者在统计上不显著。一系列调节变量,包括出版物特征、估算策略、研究估算函数中包含的协变量,尤其是对时间和空间的控制,有助于解释实证估算结果的差异。
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引用次数: 0
Sustainable innovations, knowledge and the role of proximity: A systematic literature review 可持续创新、知识和邻近性的作用:系统文献综述
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-08 DOI: 10.1111/joes.12617
Ulrich Wilke, Andreas Pyka
Innovations can substantially contribute to the transformation toward sustainability if they induce a positive social and/or environmental impact. Such sustainable innovations differ considerably from conventional, purely economic innovations. The main difference stems from the different knowledge bases necessary for the development of these innovations. These knowledge bases are widely dispersed across different actors from business, academia, government, and civil society. Following the innovation system approach, we look at actor constellations, linkages between actors, and knowledge flows within networks that generate sustainable innovations. For this purpose, we conduct a systematic literature review, focusing on the concept of proximity and its five dimensions (geographical, cognitive, institutional, organizational, and social proximity). The results show that all proximity dimensions, as well as the interdependencies between them, are relevant for analyzing knowledge flows leading to sustainable innovations. The interplay of the different proximity dimensions can be described via two mechanisms, one being reinforcement and the other one being either substitution or overlap. We conclude that for the occurrence of radical, systemic innovations, which have the potential of altering the prevailing socio-economic paradigm toward greater sustainability, a combination of low cognitive and low (micro-) institutional proximity combined with high organizational, social, or geographical proximity, appears particularly conducive.
创新如果能对社会和/或环境产生积极影响,就能极大地促进向可持续性的转变。这种可持续创新与传统的、纯粹的经济创新有很大不同。主要区别在于开发这些创新所需的知识基础不同。这些知识基础广泛分散于企业、学术界、政府和民间社会的不同参与者。按照创新系统方法,我们研究了产生可持续创新的网络中的参与者组合、参与者之间的联系和知识流。为此,我们进行了系统的文献综述,重点研究了接近性的概念及其五个维度(地理接近性、认知接近性、制度接近性、组织接近性和社会接近性)。研究结果表明,所有邻近性维度以及它们之间的相互依存关系都与分析导致可持续创新的知识流相关。不同邻近度维度之间的相互作用可以通过两种机制来描述,一种是强化机制,另一种是替代或重叠机制。我们的结论是,对于有可能改变现有社会经济模式、实现更大程度可持续性的激进、系统性创新而言,低认知和低(微观)制度接近性与高组织、社会或地理接近性的结合似乎特别有利。
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引用次数: 0
Inequality in history: A long‐run view 历史上的不平等长期观点
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-05 DOI: 10.1111/joes.12616
Guido Alfani
This article provides an overview of long‐term trends in income and wealth inequality, from ca. 1300 until today. It discusses recent acquisitions in terms of inequality measurement, building upon earlier research and systematically connecting preindustrial, industrial, and post‐industrial tendencies. It shows that in the last seven centuries or so, inequality of both income and wealth has tended to grow continuously, with two exceptions: the century or so following the Black Death pandemic of 1347–52, and the period from the beginning of World War I until the mid‐1970s. It discusses recent encompassing hypotheses about the factors leading to long‐run inequality change, highlighting their relative merits and faults, and arguing for the need to pay close attention to the historical context.
本文概述了从约 1300 年至今收入和财富不平等的长期趋势。文章在早期研究的基础上,系统地将工业化前、工业化中和工业化后的趋势联系起来,讨论了近期在不平等测量方面取得的成果。报告显示,在过去七个世纪左右的时间里,收入和财富的不平等呈持续增长趋势,只有两个例外:1347-52 年黑死病大流行后的一个世纪左右,以及第一次世界大战开始后到 20 世纪 70 年代中期。本报告讨论了最近关于导致长期不平等变化因素的各种假说,强调了这些假说的相对优缺点,并认为有必要密切关注历史背景。
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引用次数: 0
Productivity measurement: Reassessing the production function from micro to macro 生产力测量:从微观到宏观重新评估生产函数
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-03-05 DOI: 10.1111/joes.12615
Josh Martin, Rebecca Riley
The productivity growth slowdown in advanced economies during the early decades of the 21st century has led to renewed interest in economic measurement. Measured productivity growth has largely evaporated, yet in many ways, the average person is better off than at any time in history and technological advance is ever evident. Are we simply, or at least in part, mismeasuring productivity change? More fundamentally, are we measuring an outdated or otherwise less relevant economic concept? What should and can we measure in the interest of developing evidence‐based policy solutions to support productivity growth? This paper reviews some of the recent advances in economic measurement and points to an expanded productivity measurement research agenda arising from these questions.
21 世纪初的几十年间,发达经济体的生产率增长放缓,重新引发了人们对经济计量的兴趣。经过衡量的生产率增长在很大程度上已经消失,但在许多方面,普通人的生活比历史上任何时候都要好,技术进步也是有目共睹的。我们是否仅仅或至少部分错误地衡量了生产力的变化?更根本的是,我们是否在衡量一个过时的或不那么相关的经济概念?为了制定支持生产力增长的循证政策解决方案,我们应该衡量什么,能够衡量什么?本文回顾了经济计量的一些最新进展,并指出了由这些问题引发的生产力计量研究议程的扩展。
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引用次数: 0
Law & Economics at sixty: Mapping the field with bibliometric and machine learning tools 法律与经济学六十岁:利用文献计量学和机器学习工具绘制该领域的地图
IF 5.3 2区 经济学 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-23 DOI: 10.1111/joes.12613
Elena Kantorowicz‐Reznichenko, Jaroslaw Kantorowicz
As the year 2020 marks the 60th anniversary of the landmark paper in the Law & Economics (L&E) field by Ronald Coase—The Problem of Social Cost—we provide a systematic bibliometric analysis of the development of this field over the years. We look at the output and input side of knowledge production in the field of L&E. The former consists of the volume of production and thematic coverage of the field. The latter—input—looks at the producers of knowledge, the institutional and country affiliations of authors, and the intellectual structure of the field. Thus, the “who”, the “where” knowledge is produced as is also that of on “whose” shoulders the field stands. We demonstrate that Law & Economics shifted from more theory driven work to empirical and evidence‐based contributions. Likewise, we show that the Law & Economics field tends to be dominated by authors affiliated with economics departments, and crucially; however, more impactful research seems to be produced by inter‐disciplinary cooperation. The L&E field further resembles the economics domain in terms of co‐authorship patterns, number of citations and lengths of papers. Finally, we look at diversity in the field of L&E and show, for instance, that the share of female scholars has been steadily growing for the last two decades.
2020 年是罗纳德-科斯(Ronald Coase)在法律与经济学(L&E)领域发表里程碑式论文《社会成本问题》(The Problem of Social Cost)60 周年,我们对该领域多年来的发展进行了系统的文献计量分析。我们研究了法律和经济学领域知识生产的产出和投入方面。前者包括该领域的产量和专题覆盖面。后者--投入--则是指知识的生产者、作者所在的机构和国家以及该领域的知识结构。因此,"谁 "和 "在哪里 "生产知识,也是该领域 "站在谁的肩膀上 "的问题。我们表明,法律与经济学已从更多的理论研究转向以经验和证据为基础的研究。同样,我们还表明,法律与经济学领域往往由经济学系的作者主导,但关键的是,跨学科合作似乎能产生更有影响力的研究成果。在合著模式、引用次数和论文长度方面,法律与经济学领域与经济学领域更为相似。最后,我们审视了 L&E 领域的多样性,并举例说明,在过去二十年中,女性学者的比例一直在稳步增长。
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引用次数: 0
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Journal of Economic Surveys
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