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Articles ( Showing 1-20 of 6 items)
Searched for: [ Keywords: "Growth accounting" ] clear all
Letter
Government deficit and “The World’s smallest macroeconomic model” by Paul Krugman
by Yasuhito Tanaka
Abstract
In his "The World’s smallest macroeconomic model” (Krugman (1999)), Paul Krugman argued that under the assumption of price rigidity, a shortage of money supply leads to underemployment or recession, so increasing money supply can eliminate underemployment and restore full employment. But, how do we increase the money supply? I will show that we need a government def [...] Read more

Letter
The Driving Force of CO2 Reduction in China’s Industries
by Lu Liu  and  Chengzhao You
Abstract
We employ the joint production decomposition model to conduct a full decomposition of CO2 emission among 36 industrial sectors in China from 1998 to 2011, under the framework of growth accounting. The results show that: (1) the average CO2 emission increases at an annual rate of 3.01%, and production technology progression is the main driving force, while the transformation tow [...] Read more

Letter
Getting high on the market: Stock price movements, drug abuse, and health implications
by Tomasz Piotr Wisniewski  and  Brendan John Lambe
Abstract
Using an international dataset, this letter finds that high stock returns are associated with increased death rates from drug use disorders. Although the out-of-pocket expenditure on healthcare also rises following a stock market surge, the net effect on life expectancy is significantly negative. [...] Read more
Hit Affiliation:
Department of Accounting and Finance, Faculty of Business and Law, The Open University, Milton Keynes, UK

Letter
Asymmetric Efficiency: Contrasting Sustainable Energy Indices with Dirty Cryptocurrencies
by Rosa Galvão  and  Rui Dias
Abstract
This paper examines the efficiency, in its weak form, of the clean energy stock indices, Clean Coal Technologies, Clean Energy Fuels, and Wilderhill, as well as the cryptocurrencies classified as "dirty", due to their excessive energy consumption, such as Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETH Classic), and Litecoin (LTC), from January 2020 to May 30, 2023. In ord [...] Read more
Hit Affiliation:
Accounting and Finance Department, Instituto Politécnico de Setúbal, Setúbal, Portugal

Letter
Analysis of the Mediating Effect of Economic Policy Uncertainty Affecting Commercial Bank Credit
by Juan Meng  and  Zhe Zhou
Abstract
We analyze the annual microdata of China's 100 commercial banks from 2007 to 2018 using the mediating effect analysis method, analyze the negative impact of economic policy uncertainty on the credit scale of commercial banks, and then verify the intermediary effects of the operational risks and short-term capital liquidity of commercial banks in the impact of economic policy un [...] Read more

Journal Article
African exchange rates amidst the COVID-19 pandemic
by Turki Rashed Alshammari
Abstract
The study investigates the impact of COVID-19 on African exchange rates, employing a panel dataset over the period 2016-2022 from 13 African economies and employing pooled OLS estimator. The findings reveal a noteworthy positive correlation between COVID-19 levels and exchange rates within the region. However, this association necessitates deeper exploration due to its multifac [...] Read more