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JEA, Volume 3, Issue 4 (December 2024) - 7 articles
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Open Access Journal Article
Assessing Corruption in Times of Crisis: Empirical Evidence from Greece
by Paraskevi Boufounou , Kanellos Toudas  and  Athanasia Georgiou
JEA 2024, 3 (4); 10.58567/jea03040001 - 15 December 2024
The goal of this paper is to provide an overall presentation of corruption as occupational fraud building on the findings of an empirical study conducted in Greece. As uncertainty leads to increased levels of corruption, Greece was chosen due to the prolonged period of uncertainty the country faces, caused by the 2010 financial crisis and followed by the Covid pandemic crisis. [...] Read more

Open Access Journal Article
In search of an optimal public policy in a pandemic: The question of lives versus of livelihood
by Gopal K. Basak , Chandramauli Chakraborty  and  Pranab Kumar Das
JEA 2024, 3 (4); 10.58567/jea03040002 - 15 December 2024
The paper addresses the alternative policy options available to address the question of lives versus livelihood in an SIRD model augmented with a macroeconomic structure. An important contribution of the paper lies in designing the policy of lockdown dependent on the extent of the constraint on the health facilities. The paper supplements the literature with a less stringent ve [...] Read more

Open Access Journal Article
Exports of Renewable Energy Goods among RCEP members: Potential and Constraints
by Yichang Liu  and  Kaliappa Kalirajan
JEA 2024, 3 (4); 10.58567/jea03040003 - 15 December 2024
Objective: The paper, specifically examines whether the recently formed Regional Comprehensive Economic Partnership (RCEP) can potentially facilitate minimising the constraints to renewable energy goods exports at the regional level in Asia. Data, Methodology and Findings: Using the panel data from 11 RCEP members from 2006 to 2014, this study has applied the ‘meta fronti [...] Read more

Open Access Review
How National Lockdown Restrictions Impacted the New Zealand Female Workforce: A Review
by Kunchana Wanniarachchi  and  Indrapriya Kularatne
JEA 2024, 3 (4); 10.58567/jea03040004 - 15 December 2024
The COVID-19 pandemic has changed the everyday ways of life across the world. The objective of this study is to understand the impacts of nationwide lockdown restrictions on female workforce of New Zealand. To conduct this study three subsets were selected: working mothers, essential workers and women in high-risk industries. New Zealand has a gender segregated workforce, and m [...] Read more

Open Access Journal Article
An Operational Framework for a Low-carbon, Green Growth Economy: CO-STIRPAT Dynamic System
by Ick Jin
JEA 2024, 3 (4); 10.58567/jea03040005 - 15 December 2024
This paper presents an operational framework for assessing the trajectories of production, energy, emissions, and capital accumulation to ensure the implementation of Nationally Determined Contributions (NDCs). The framework combines widely used methodologies (STIRPAT, system dynamics, and optimization) to simulate the pathways of variables until a target year. The CO-STIRPAT d [...] Read more

Open Access Journal Article
An overlapping generations version of Krugman’s world’s smallest macroeconomic model and fiscal deficit
by Yasuhito Tanaka
JEA 2024, 3 (4); 10.58567/jea03040006 - 15 December 2024
This paper attempts to introduce an overlapping generations structure into Paul Krugman's "The world's smallest macroeconomic model" (Krugman (1999)) to examine the implications of fiscal policy, particularly fiscal deficits, in a framework suitable for policy analysis. In that paper, Krugman argued that under the price rigidity assumption, a shortage in the money supply leads [...] Read more

Open Access Journal Article
Budget deficit and money holding when consumers live forever in an endogenous growth model
by Yasuhito Tanaka
JEA 2024, 3 (4); 10.58567/jea03040007 - 15 December 2024
In this paper I will show that budget deficit (or fiscal deficit) is necessary to achieve full employment under constant prices or inflation, using a model of endogenous growth in which consumers hold money for the reason of liquidity and live forever. Budget deficit need not be offset by future budget surpluses. I consider the continuous time case by taking the limit of the di [...] Read more
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