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Empirical Economics OnlineFirst articles

Open Access 01.06.2024

Work from home arrangements and organizational performance in Italian SMEs: evidence from the COVID-19 pandemic

We use survey data on Italian small- and medium-sized enterprises collected during the COVID-19 pandemic to explore the relationship between the adoption of work from home (WFH) practices and organizational performance. In so doing, we investigate …

verfasst von:
Laura Abrardi, Elena Grinza, Alessandro Manello, Flavio Porta

Open Access 29.05.2024

Contesting the public works domain: examining the factors affecting presence and success of SMES in public procurement

This study investigates the effects of procurement tools to support small and medium-sized enterprises (SMEs) in public contracts by analysing contract awards for public works published on Tenders Electronic Daily in 2018–2022. Focusing on …

verfasst von:
Peter Nemec

28.05.2024

Systemic risk in Chinese interbank lending networks: insights from short-term and long-term lending data

Since the financial crisis, financial networks, such as interbank lending networks, have been highly concerned by regulators in terms of their vulnerability. To study the risk contagion power of financial networks deeply, this paper integrates …

verfasst von:
Shuyue Jin, Lei Song, Lei Shu, Qifeng Gao, Yu Chen

25.05.2024

Exchange rate misalignments, growth, and institutions

This article revisits the relationship between economic growth and exchange rate misalignments. We aim to test whether undervaluation's impact on growth depends on institutional quality, as suggested in the previous literature. In our analysis, we …

verfasst von:
Jaromír Baxa, Michal Paulus

24.05.2024

‘Bargain your share’: the role of workers’ bargaining power for labor share, with reference to transition economies

The objective of the paper is to understand the role of workers’ bargaining for the labor share in transition economies. We rely on a share-capital schedule, whereby workers’ bargaining power is represented as a move off the schedule. Quantitative …

verfasst von:
Marjan Petreski, Stefan Tanevski

Open Access 23.05.2024

Testing for Granger causality in heterogeneous panels with cross-sectional dependence

This paper proposes a panel Granger causality approach for heterogeneous panels with cross-sectional dependence. We define a panel VAR model with unobserved common factors and apply the PANIC procedure to obtain the de-factored data. We then …

verfasst von:
Saban Nazlioglu, Cagin Karul

Open Access 23.05.2024

Commodity markets and the global macroeconomy: evidence from machine learning and GVAR

Based on a strongly data-intensive machine learning approach, this study first identifies the most essential globally traded commodities in view of their role for the global macroeconomic performance. At the second stage we estimate a global …

verfasst von:
Ernest Owusu Boakye, Kari Heimonen, Juha Junttila

Open Access 22.05.2024

Covid-19 lockdown, gender and income dynamics in household energy consumption: evidence from Japan

Residential electricity consumption and time spent at home by household members increased while household income decreased during the COVID-19 pandemic restrictions. Using survey data of Japanese households purchasing electricity from the Tokyo …

verfasst von:
Shigeru Matsumoto, Viet-Ngu Hoang, Clevo Wilson

22.05.2024

Local spatial difference-in-differences models: treatment correlations, response interactions, and expanded local models

We propose spatial difference-in-differences (DID) models that are able to incorporate treatment effect spillovers through modeling spatial interactions in the response and spatial correlations in treatment status among individuals. We first …

verfasst von:
Shanxia Sun, Michael S. Delgado

22.05.2024

Macroeconomic attention and commodity market volatility

In this paper, we empirically examine the relationship between the novel macroeconomic attention indices (MAI) and commodity market volatility. In-sample analysis indicates that MAI contribute significantly to the volatility fluctuations in …

verfasst von:
Fameliti Stavroula, Skintzi Vasiliki

20.05.2024

“Fly down”: the impact of new accounting standards on the airline industry risk assessment

Lease accounting has often been criticized for being too reliant on bright lines and subjective judgments, as lessees were not required to disclose assets and liabilities arising from operating leases directly on the balance sheet, thereby …

verfasst von:
Niccolò Comerio, Fausto Pacicco, Massimiliano Serati

20.05.2024

A model of errors in BMI based on self-reported and measured anthropometrics with evidence from Brazilian data

The economics of obesity literature implicitly assumes that measured anthropometrics are error-free and they are often treated as a gold standard when compared to self-reported data. We use factor mixture models to analyse measurement error in …

verfasst von:
Apostolos Davillas, Victor Hugo de Oliveira, Andrew M. Jones

19.05.2024

Calorie decomposition by gender, caste, and religion in India: an entitlement approach

This study investigates the existence of a calorie gap (CG) within gender, caste, and religion groups utilising an entitlement framework. We employed National Sample Survey data on consumer expenditure spanning from 2004–05 to 2011–12 and applied …

verfasst von:
Biswabhusan Bhuyan, Bimal Kishore Sahoo, Damodar Suar

Open Access 16.05.2024

Does one size fit all in the Euro Area? Some counterfactual evidence

This paper examines whether Euro Area countries would have faced a more favorable inflation output variability tradeoff without the Euro. We provide evidence supporting this claim for the periods of the Great Recession and the Sovereign Debt …

verfasst von:
Sergio Destefanis, Matteo Fragetta, Emanuel Gasteiger

14.05.2024

Impact of terrorism on child sex at birth: evidence from Pakistan

Using insights from the literature on psychology and medicine, we examine the impact of stress induced by terrorism on child sex at birth. The psychological and social stressors associated with terrorist events prior to conception may trigger …

verfasst von:
Khusrav Gaibulloev, Gerel Oyun, Javed Younas

Open Access 14.05.2024

Adults in the room? The auditor and dividends in small firms: evidence from a natural experiment

We examine the effect of auditing on dividends in small private firms. We hypothesize that auditing can constrain dividends by way of promoting accounting conservatism. We use register data on private Norwegian firms and random variation induced …

verfasst von:
Hakim Lyngstadås, Johannes Mauritzen

14.05.2024

Do consumer price indices in oil-producing economies respond differently to oil market shocks? Evidence from Canada

Using a structural vector autoregression (SVAR) model, we demonstrate that the response of consumer prices in oil-producing Canadian provinces to oil market shocks is similar to that of consumer prices in non-oil-producing provinces, though the …

verfasst von:
Andre Harrison, Annika Segelhorst

13.05.2024

Measuring productivity when technology is heterogeneous using a latent class stochastic frontier model

We examine an extension of the latent class stochastic frontier model (LCSFM) to productivity estimation and the decomposition of productivity change into technical change, output-oriented technical efficiency change, and scale change. We base our …

verfasst von:
K Hervé Dakpo, Laure Latruffe, Yann Desjeux, Philippe Jeanneaux

10.05.2024

Constructing alternative unemployment statistics in China

This paper presents alternative unemployment statistics for China, encompassing the extended unemployment rate (U5), which incorporates marginally attached workers, and the nonemployment index (NEI) proposed in recent literature (Hornstein et al.

verfasst von:
Qian Sun

Open Access 09.05.2024

Unraveling wage inequality: tangible and intangible assets, globalization and labor market regulations

In this paper, we study the asymmetric effects of different types of capital-embodied technological change, as proxied by tangible and intangible assets, on relative wages (high- to medium-skilled, high- to low-skilled and medium- to low-skilled …

verfasst von:
Antonio Francesco Gravina, Neil Foster-McGregor