Pub Date : 2023-12-26DOI: 10.1080/15140326.2023.2295732
Cep Jandi Anwar, Nicholas Okot, Indra Suhendra, Dwi Indriyani, Ferry Jie
There is a growing consensus on the translation of monetary policy actions into changes in credit demand on account of changes in interest rates. The study investigates monetary policy, macropruden...
{"title":"Monetary policy, macroprudential policy, and bank risk-taking behaviour in the Indonesian banking industry","authors":"Cep Jandi Anwar, Nicholas Okot, Indra Suhendra, Dwi Indriyani, Ferry Jie","doi":"10.1080/15140326.2023.2295732","DOIUrl":"https://doi.org/10.1080/15140326.2023.2295732","url":null,"abstract":"There is a growing consensus on the translation of monetary policy actions into changes in credit demand on account of changes in interest rates. The study investigates monetary policy, macropruden...","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"31 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139057715","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}
Pub Date : 2023-12-22DOI: 10.1080/15140326.2023.2295733
Željko Bogetić, Dominik Naeher
{"title":"Corruption and government revenue: Evidence of a non-linear relationship driven by crises","authors":"Željko Bogetić, Dominik Naeher","doi":"10.1080/15140326.2023.2295733","DOIUrl":"https://doi.org/10.1080/15140326.2023.2295733","url":null,"abstract":"","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"70 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138945573","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}
Pub Date : 2023-12-21DOI: 10.1080/15140326.2023.2284010
F. Aiello, G. Bonanno, Francesco Foglia
{"title":"A meta-regression analysis on judicial efficiency literature: the role of methodological and courts diversity","authors":"F. Aiello, G. Bonanno, Francesco Foglia","doi":"10.1080/15140326.2023.2284010","DOIUrl":"https://doi.org/10.1080/15140326.2023.2284010","url":null,"abstract":"","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"55 18","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138949744","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}
Pub Date : 2023-12-06DOI: 10.1080/15140326.2023.2289723
Jiamin Liu, Yongheng Fang, Yabing Ma, Yihan Chi
{"title":"Digital economy, industrial agglomeration, and green innovation efficiency: empirical analysis based on Chinese data","authors":"Jiamin Liu, Yongheng Fang, Yabing Ma, Yihan Chi","doi":"10.1080/15140326.2023.2289723","DOIUrl":"https://doi.org/10.1080/15140326.2023.2289723","url":null,"abstract":"","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"59 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138596832","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}
Pub Date : 2023-12-06DOI: 10.1080/15140326.2023.2289724
Thobani Mlangeni, Eugene Msizi Buthelezi
This study employs a Vector Error Correction (VEC) model to investigate the dynamic relationship between changes in monetary policy and inflation expectations within various sectors. The analysis e...
{"title":"M netary policy and inflation expectations: impact and causal analysis of heterogeneous economic agents’ expectations in South Africa","authors":"Thobani Mlangeni, Eugene Msizi Buthelezi","doi":"10.1080/15140326.2023.2289724","DOIUrl":"https://doi.org/10.1080/15140326.2023.2289724","url":null,"abstract":"This study employs a Vector Error Correction (VEC) model to investigate the dynamic relationship between changes in monetary policy and inflation expectations within various sectors. The analysis e...","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"29 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138545359","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}
Pub Date : 2023-12-04DOI: 10.1080/15140326.2023.2283339
Jinsub Choi
ABSTRACT This paper studies whether the centralization of public school finance affects school revenue levels. The theoretical framework indicates that centralization has price and income effects on the pivotal voter’s demand for school revenue, but the overall effect is ambiguous. A public school finance reform in Michigan (U.S. state), which centralized its school finance system by restricting local discretion on school revenue, provides a good policy variation for a quasi-experimental design. Using district-level panel data on school finance in Michigan and neighboring states over the fiscal-year period of 1990–2004, I find that the reform has a negative effect on revenue levels. The sixth year after the reform and onwards, the reform reduces per-pupil revenue by $1,300 on average. The reform reduces revenue levels in both low- and high-revenue districts, but the higher-revenue districts tend to sustain more pronounced reductions.
{"title":"School finance centralization and revenue levels: evidence from a school finance reform","authors":"Jinsub Choi","doi":"10.1080/15140326.2023.2283339","DOIUrl":"https://doi.org/10.1080/15140326.2023.2283339","url":null,"abstract":"ABSTRACT This paper studies whether the centralization of public school finance affects school revenue levels. The theoretical framework indicates that centralization has price and income effects on the pivotal voter’s demand for school revenue, but the overall effect is ambiguous. A public school finance reform in Michigan (U.S. state), which centralized its school finance system by restricting local discretion on school revenue, provides a good policy variation for a quasi-experimental design. Using district-level panel data on school finance in Michigan and neighboring states over the fiscal-year period of 1990–2004, I find that the reform has a negative effect on revenue levels. The sixth year after the reform and onwards, the reform reduces per-pupil revenue by $1,300 on average. The reform reduces revenue levels in both low- and high-revenue districts, but the higher-revenue districts tend to sustain more pronounced reductions.","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"20 24","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138601951","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}
Pub Date : 2023-11-27DOI: 10.1080/15140326.2023.2285129
Weng Yue
ABSTRACT This study analyzes how export duration affects firms’ export product quality. On the basis of Chinese firms’ micro data, we find that export duration has a significantly positive effect on the export product quality of firms by promoting their productivity and innovation ability. This study shows that the effect of export duration on the product quality of firms is not only reflected in the stage when they enter the export market. After entering the export market, the extension of export duration is also conducive to the improvement of firms’ product quality, supporting the wide presence of the effects of learning by exporting. Therefore, this study provides new empirical evidence to further understand the influence of export market on firms’ product quality.
{"title":"Export duration and export product quality of firms: evidence from China","authors":"Weng Yue","doi":"10.1080/15140326.2023.2285129","DOIUrl":"https://doi.org/10.1080/15140326.2023.2285129","url":null,"abstract":"ABSTRACT This study analyzes how export duration affects firms’ export product quality. On the basis of Chinese firms’ micro data, we find that export duration has a significantly positive effect on the export product quality of firms by promoting their productivity and innovation ability. This study shows that the effect of export duration on the product quality of firms is not only reflected in the stage when they enter the export market. After entering the export market, the extension of export duration is also conducive to the improvement of firms’ product quality, supporting the wide presence of the effects of learning by exporting. Therefore, this study provides new empirical evidence to further understand the influence of export market on firms’ product quality.","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"112 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139230812","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}
Pub Date : 2023-11-27DOI: 10.1080/15140326.2023.2286566
Haohan Luo, Ying Wu
ABSTRACT Can all types of tax burdens negatively affect corporate innovation activities? The Chinese Environmental Protection Tax Law provides a chance to investigate the impact of environmental taxes on corporate green innovation. Using a large sample of Chinese listed firms for the 2015–2019 period and the difference-in-difference method, this paper finds that environmental taxes promote corporate green innovation. This result is robust to a battery of sensitivity tests and is more prominent for firms facing intense product market competition, firms with more financial constraints, and firms located in lower marketization regions. Mechanism tests find that firms engage in green innovation to cater to government environmental governance. Additional analyses find that environmental taxes have a significant effect on green innovation efficiency and green utility model innovation but fail to impact green invention innovations. Our study provides new and different evidence of the impact of taxes on corporate innovation and has important policy implications.
{"title":"The unintended consequences of environmental tax for green innovation: evidence from China","authors":"Haohan Luo, Ying Wu","doi":"10.1080/15140326.2023.2286566","DOIUrl":"https://doi.org/10.1080/15140326.2023.2286566","url":null,"abstract":"ABSTRACT Can all types of tax burdens negatively affect corporate innovation activities? The Chinese Environmental Protection Tax Law provides a chance to investigate the impact of environmental taxes on corporate green innovation. Using a large sample of Chinese listed firms for the 2015–2019 period and the difference-in-difference method, this paper finds that environmental taxes promote corporate green innovation. This result is robust to a battery of sensitivity tests and is more prominent for firms facing intense product market competition, firms with more financial constraints, and firms located in lower marketization regions. Mechanism tests find that firms engage in green innovation to cater to government environmental governance. Additional analyses find that environmental taxes have a significant effect on green innovation efficiency and green utility model innovation but fail to impact green invention innovations. Our study provides new and different evidence of the impact of taxes on corporate innovation and has important policy implications.","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"36 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139233295","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}
Pub Date : 2023-11-17DOI: 10.1080/15140326.2023.2281167
Qihang Xue, Huimin Wang, Jian Wei
ABSTRACT Combined with data from the Broadband China pilots, panel data on financial fraud in prefecture-level cities from China Judgments Online are used to examine the impact of internet technology on financial fraud. We find that internet technology has significantly increased city financial fraud. The causal effect still exists after the model validity test, excluding the selection bias of Broadband China pilot cities and the reporting effect of the internet. Furthermore, the trust effect is an important mechanism, and heterogeneity analysis shows that internet technology has a more significant impact on the financial fraud committed by highly educated and young fraudsters and on high-tech-dependent financial fraud.
{"title":"Internet technology and regional financial fraud: evidence from Broadband expansion in China","authors":"Qihang Xue, Huimin Wang, Jian Wei","doi":"10.1080/15140326.2023.2281167","DOIUrl":"https://doi.org/10.1080/15140326.2023.2281167","url":null,"abstract":"ABSTRACT Combined with data from the Broadband China pilots, panel data on financial fraud in prefecture-level cities from China Judgments Online are used to examine the impact of internet technology on financial fraud. We find that internet technology has significantly increased city financial fraud. The causal effect still exists after the model validity test, excluding the selection bias of Broadband China pilot cities and the reporting effect of the internet. Furthermore, the trust effect is an important mechanism, and heterogeneity analysis shows that internet technology has a more significant impact on the financial fraud committed by highly educated and young fraudsters and on high-tech-dependent financial fraud.","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"19 7","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139263152","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}
Pub Date : 2023-11-14DOI: 10.1080/15140326.2023.2279444
Ahmad Alkhataybeh, Safaa Adnan AlSmadi, Alaaeddin Al-Tarawneh, Mohammad A. Khataybeh, Mohammad Ziad Shakhatreh
Using a dataset of 107 listed firms in Jordan from 2009 to 2018, we employed the generalized method of moments (GMM) to examine the effect of ownership structure on the level of corporate cash holdings. We found that higher government ownership is associated with higher cash holdings. On the other hand, different forms of ownership, namely block holding and individual and foreign ownership, were found to be insignificant. We further examined why firms in Jordan hold cash, concluding that when the level of government ownership rises, firms do not employ cash reserves for investments nor for dividend payments, which in light of governmental political purposes could be a clear indicator of agency problems.
{"title":"Ownership structure and corporate cash holdings in Jordan: the role of government ownership","authors":"Ahmad Alkhataybeh, Safaa Adnan AlSmadi, Alaaeddin Al-Tarawneh, Mohammad A. Khataybeh, Mohammad Ziad Shakhatreh","doi":"10.1080/15140326.2023.2279444","DOIUrl":"https://doi.org/10.1080/15140326.2023.2279444","url":null,"abstract":"Using a dataset of 107 listed firms in Jordan from 2009 to 2018, we employed the generalized method of moments (GMM) to examine the effect of ownership structure on the level of corporate cash holdings. We found that higher government ownership is associated with higher cash holdings. On the other hand, different forms of ownership, namely block holding and individual and foreign ownership, were found to be insignificant. We further examined why firms in Jordan hold cash, concluding that when the level of government ownership rises, firms do not employ cash reserves for investments nor for dividend payments, which in light of governmental political purposes could be a clear indicator of agency problems.","PeriodicalId":51747,"journal":{"name":"Journal of Applied Economics","volume":"35 36","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134953929","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}
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