Journal of Economic Studies: Volume 47 Issue 6

How does finance influence labour market outcomes? A review of empirical studies

Mark Heil

This paper reviews economic studies on the effects of various aspects of finance on labour market outcomes.

Obesity and motor vehicle deaths: a panel-data analysis

Mary J. Becker, Lindsay N. Calkins, Walter Simmons, Andrew M. Welki, Thomas J. Zlatoper

This paper analyzes the impact of obesity on the probability of a motor vehicle fatality (highway death rate) and on its component probabilities: the probability of a fatality…

Market power and cost efficiency in the African banking industry

Simplice Asongu, Rexon Nting, Joseph Nnanna

In this study, we test the so-called “Quiet Life Hypothesis” (QLH), which postulates that banks with market power are less efficient.

Split-share reforms and capital structure adjustment in China: a dynamic panel fractional estimation

Tanveer Ahsan, Sultan Sikandar Mirza, Bakr Al-Gamrh, Muhammad Zubair Tauni

The purpose of this study is to explain the adjustment rate toward the target capital structure of Chinese nonfinancial listed firms and to investigate the impacts of the…

The effect of card payments on VAT revenue in the euro area: evidence from a panel VECM

George Hondroyiannis, Dimitrios Papaoikonomou

A growing amount of micro-data analyses has highlighted the importance of information trails, such as generated by card transactions, for improving tax compliance. Yet, time…

If you're corrupt, you'd better be free

Oguzhan Dincer

This study aims to investigate if the level of economic freedom matters for how corruption affects per capita income in US states.

Effect of debt tax benefits on corporate pension funding and risk-taking

Kozo Omori, Tomoki Kitamura

This study theoretically investigates the impacts of tax benefits on funding level and risk-taking of a corporate defined benefit (DB) pension plan.

A small open economy DSGE model with workers' remittances

Muhammad Rehman, Sajawal Khan, Zafar Hayat, Faruk Balli

In this paper, the authors develop and estimate a small open economy dynamic stochastic general equilibrium (DSGE) model with an enriched micro-founded specification to account…

Institutional quality and access to financial services: evidence from European transition economies

Germana Corrado

This paper outlines an analytical framework for estimating households' access to formal credit across European transition economies shortly after the onset of the global financial…

The inflation hedging capacity of Islamic and conventional equities

Zaghum Umar, Dimitrios Kenourgios, Muhammad Naeem, Khadija Abdulrahman, Salma Al Hazaa

This study analyzes the inflation hedging of Islamic and conventional equities by employing 26 indices for the period ranging from January 1996 till August 2018. The authors…

Testing for a common Phillips curve in common monetary area of Southern Africa

Moeti Damane, Imtiaz Sifat

This paper sets out to investigate whether the four members of the common monetary area (CMA) regime experience similar inflation-unemployment dynamics as explained by the…

The collapse of credit booms: a competing risks analysis

Vítor Castro, Rodrigo Martins

This paper analyses the collapse of credit booms into soft landings or systemic banking crises.

Open economy macroeconomics of commodity price fluctuation, sectoral inter-linkage and employment

Moumita Basu, Ranjanendra Narayan Nag

This is a theoretical paper in the field of structuralist macroeconomics. The paper focuses on commodity price fluctuation which has emerged as one of the major macroeconomic…

Wage–employment elasticity: a meta-analysis referring to Colombia

Jhon J. Mora, Juan Muro

The article clarifies the wage–employment relation in a developing country. Several years ago, many articles in the United States indicated that the relation between increasing…

Information asymmetry and dividend policy of Sarbanes-Oxley Act

Mostafa Harakeh, Ghida Matar, Nagham Sayour

The literature of financial economics documents a causal relationship between the level of information asymmetry in the firm and its dividend policy. Nevertheless, this…