Journal of Economic Studies: Volume 47 Issue 4

Long-term unemployment: A question of skill obsolescence (updating existing skills) or technological shift (acquiring new skills)?

Emmanuel Apergis, Nicholas Apergis

This paper empirically explores the role of skill losses during unemployment behind firms' behaviour in interviewing long-term unemployed

Analyst says a lot, but should you listen? Evidence from Russia

Darko Vukovic, Vladislav Ugolnikov, Moinak Maiti

This study aims to examine whether the publication of analyst recommendations has reaction in the Russian stock market. This study also aims to determine the other factors that…

A sector-level analysis of output club convergence in case of a global economy

Vaseem Akram, Pradipta Kumar Sahoo, Badri Narayan Rath

This paper investigates the per-capita output club convergence in case of 120 countries for the period 1995–2015. Further, we disaggregate per-capita output into three broad…

Economic growth and quality of institutions in 27 postsocialist economies

Constantinos Alexiou, Sofoklis Vogiazas, Nikita Solovev

The relationship between institutional quality and economic growth is revisited.

How effective is government spending on environmental protection in a developing country?: An empirical evidence from Iran

Saeed Moshiri, Arian Daneshmand

The objective of this paper is twofold as follows: first, it explores the relationship between economic growth and the environment in the context of the environmental Kuznets…

The macroeconomic effects of monetary policy shocks under fiscal constrained: An analysis using a DSGE model

Diego Pitta de Jesus, Cássio da Nóbrega Besarria, Sinézio Fernandes Maia

This paper aims to analyze the macroeconomic effects of a monetary policy shock considering that fiscal policy is under fiscal constraints. For that, a dynamic stochastic general…

Pension plan funding and market value of the firm: the Portuguese case

Maria Teresa Medeiros Garcia, José Amílcar Neves Domingos

The objective of the paper is to test the existence of a direct effect between the funding level of a firm's pension fund and its respective market price in Portugal, from 2010 to…

Financial access, governance and insurance sector development in sub-Saharan Africa

Simplice Asongu, Nicholas M. Odhiambo

This study investigates the role of financial access in moderating the effect of governance on insurance consumption in 42 sub-Saharan African countries using data for the period…

Expanding higher education and wage inequality in Chile

Yoshimichi Murakami, Tomokazu Nomura

This study aims to analyse the contribution of the expansion and diversification of higher education to Chile's increase in wage inequality from 1992 to 2000 and its subsequent…

Measuring European cultural and creative cities efficiency: a metafrontier DEA approach

Justo De Jorge-Moreno, Virignia De Jorge-Huertas

The purpose of this paper is to conduct a benchmark analysis of European cities based on the estimation of a composite index of efficiency from the dimensions of the Cultural and…

From cash to central bank digital currencies and cryptocurrencies: a balancing act between modernity and monetary stability

Ansgar Belke, Edoardo Beretta

The paper explores the precarious balance between modernizing monetary systems by means of digital currencies (either issued by the central bank itself or independently) and…

Migration of labor: differential of income between rural and urban trade union workers in Brazil

Cicero Francisco De Lima, Edward Martins Costa, Francisca Zilania Mariano, Wellington Ribeiro Justo, Pablo Urano de Carvalho Castelar

The objective of this work was to analyze the income differential of the rural–urban worker in relation to the rural–rural worker and in relation to the urban–urban worker in the…