Journal of Economic Studies: Volume 48 Issue 4

The difference in the FDI – private investment relationship between developed and developing countries: does it stem from governance environment?

Van Bon Nguyen

The paper attempts to empirically examine the difference in the foreign direct investment (FDI) – private investment relationship between developed and developing countries over…

How do the financial and oil sanctions affect the Iran's economy: a DSGE framework

Seyyed Reza Nakhli, Monireh Rafat, Rasul Bakhshi Dastjerdi, Meysam Rafei

The purpose of the current paper is to analyze the simultaneous effects of oil sanctions and financial sanctions on Iran's macroeconomic variables in a small open economy in the…

The Spanish paradox: demand growth with productivity stagnation

Luis Cárdenas del Rey, Rafael Fernandez-Sanchez

This paper studies one of the most paradoxical facts of the Spanish economic growth during the period 1982–2007: high growth of investment and aggregate demand accompanied by the…

Airbnb and hotel revenues in popular Greek destinations

Nicholas Apergis, Tasawar Hayat, Tareq Saeed

This paper explores the role of Airbnb listings on hotel revenues in certain popular Greek tourist destinations.

Does video games’ popularity affect unemployment rate? Evidence from macro-level analysis

Petr Parshakov, Sofiia Paklina, Dennis Coates, Aleksei Chadov

Video games are considered as a leisure activity that makes being unemployed more attractive than before. In this study, the authors use eSports prizes as a proxy for the…

The impact of the COVID-19 lockdown on stock market performance: evidence from Vietnam

Dao Le Trang Anh, Christopher Gan

This study explores the effects of the COVID-19 outbreak and its following lockdown on daily stock returns in Vietnam, a fast-growing emerging market that successfully revived…

Further attempt to explain the oil curse mechanism using a debt overhang concept

Mahieddine Adnan Ghecham

This study aims at increasing the authors’ understanding how and why the oil curse takes place.

Determinants of FDI in producer services: evidence from Chinese aggregate and sub-sectoral data

Runda Gao, Glauco De Vita, Yun Luo, Jason Begley

The purpose of this paper is to examine the determinants of foreign direct investment (FDI) in producer services in China using both country aggregate and provincial sub-sectoral…

Time-varying monetary policy reaction function under asymmetric preferences: revisiting the Brazilian inflation targeting experience

Diego Ferreira, Andreza Aparecida Palma, Marcos Minoru Hasegawa

This paper analyzes the potential presence of time-varying asymmetries in the preference parameters of the Central Bank of Brazil during the inflation targeting regime.

The impact of the reform of PIS/COFINS on the Brazilian industry

Pedro Gomes Vasconcelos, Nelson Leitão Paes

In an attempt to reduce tax distortions and increase economic efficiency, in 2002 and 2003 Brazil promoted changes in the PIS/COFINS tax, the main federal tax on consumption…