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Showing papers in "Applied Economics Letters in 2021"


Journal ArticleDOI
TL;DR: Using the WHO announcement on 11 March 2020 and the Federal Reserve Bank announcement on 9 April 2020 as two events that represent the shock and the stimulus, this article found that COVID-19 caused...
Abstract: Using the WHO announcement on 11 March 2020 and the Federal Reserve Bank announcement on 9 April 2020 as two events that represent the shock and the stimulus, this study finds that COVID-19 caused ...

133 citations


Journal ArticleDOI
TL;DR: In this paper, a new possible driving factor of environmental quality, the economic complexity, was considered. But the results consistent with the Kuznets curve literature were not supported by the results in this paper.
Abstract: This paper sheds further lights on the environmental Kuznets curve literature by considering a new possible driving factor of environmental quality, the economic complexity. The results consistent...

99 citations


Journal ArticleDOI
TL;DR: In this article, the short-term labour market impact of COVID-19 containment measures in Germany was evaluated via difference-in-difference estimation, and it was shown that 60% of the considerably increased inflows from employment into unemployment in April 2020 were due to the shutdown measures.
Abstract: This paper evaluates the short-term labour market impact of the COVID-19 containment measures in Germany. By assessing the treatment effect on unemployment via difference-in-difference estimation, we find that 60% of the considerably increased inflows from employment into unemployment in April 2020 were due to the shutdown measures. Disentangling further, we find that the hiring margin accounted for additional 82% of the unemployment effect coming from the separations margin. In sum, the shutdown measures increased unemployment in the short run by 117,000 persons.

93 citations


Journal ArticleDOI
TL;DR: In this paper, the authors mount an investigation on how COVID-19 has impacted the Australian stock market returns and find that COVID has had a dramatic effect on global stock markets.
Abstract: Coronavirus pandemic (COVID-19) has had a dramatic effect on global stock markets. In this article, we mount an investigation on how COVID-19 has impacted the Australian stock market returns. Using...

68 citations


Journal ArticleDOI
TL;DR: In this paper, the authors analyze whether investors take risks related to environmental, social and governance (ESG) factors into account when making portfolio decisions, and exploit the new Morningstar's ESG ris...
Abstract: This study analyzes whether investors take risks related to environmental, social and governance (ESG) factors into account when making portfolio decisions. We exploit the new Morningstar’s ESG ris...

66 citations


Journal ArticleDOI
TL;DR: The authors performed a panel data analysis of 14 daily stock market indices during 01/21/2020 - 06/30/2020 to document a stock market index's negative responsiveness to Covid-19's spread variations.
Abstract: We perform a panel data analysis of 14 daily stock market indices during 01/21/2020 – 06/30/2020 to document a stock market index’s negative responsiveness to Covid-19’s spread variations. We find ...

60 citations


Journal ArticleDOI
TL;DR: This paper investigates the effects of the coronavirus disease 2019 (COVID-19) cases in the US on the S&P 500 Index using daily data covering the period between 21st January, 2020 and 10th August, 2020.
Abstract: This paper investigates the effects of the coronavirus disease 2019 (COVID-19) cases in the US on the S&P 500 Index using daily data covering the period between 21st January, 2020 and 10th August, ...

55 citations


Journal ArticleDOI
TL;DR: The authors examined the impact of changes in the number of COVID-19 news on eight different stock markets during the initial two months of the coronavirus crisis 2020 using 30-minute tick returns.
Abstract: Using 30-minute tick returns, we examine the impact of changes in the number of COVID-19 news on eight different stock markets during the initial two months of the coronavirus crisis 2020. We do no...

52 citations


Journal ArticleDOI
TL;DR: In this paper, the authors examined the impact of COVID-19 pandemic on dynamic correlations and volatility spillovers between stock prices and exchange rates in BRIICS economies using volatility modelling.
Abstract: This paper examines the impact of COVID-19 pandemic on dynamic correlations and volatility spillovers between stock prices and exchange rates in BRIICS economies. Using volatility modelling, we dem...

51 citations


Journal ArticleDOI
TL;DR: In this paper, the macroeconomic impacts of mandatory business closures in the US and many other countries in order to control the spread of the COVID-19 were estimated based on the application of macroeconomic models.
Abstract: We estimate the macroeconomic impacts of mandatory business closures in the US and many other countries in order to control the spread of the COVID-19 The analysis is based on the application of

49 citations


Journal ArticleDOI
TL;DR: In this paper, the authors employed the asymmetric ARDL cointegration approach to investigate the impact of energy consumption on economic growth for Vietna, and found that energy is an essential resource for economic development.
Abstract: Energy is an essential resource for economic development. The study employed the asymmetric ARDL cointegration approach to investigate the impact of energy consumption on economic growth for Vietna...

Journal ArticleDOI
TL;DR: In this article, the authors address a timely question of whether cryptocurrencies can be used to stabilize the price of commodities due to extreme market uncertainties linked with financialization, and propose a solution to this problem.
Abstract: Today, commodities are exposed to ever-increasing price volatilities due to extreme market uncertainties linked with financialization. The paper addresses a timely question of whether cryptocurrenc...

Journal ArticleDOI
TL;DR: In this paper, the authors investigate how COVID-19 affects Oceania's financial markets and investigate if COVID19 pandemic has an effect on herding behaviour in the Australian stock market.
Abstract: This is the first article in investigating how COVID-19 affects Oceania’s financial markets. Specifically, we investigate if COVID-19 pandemic has an effect on herding behaviour in the Australian s...

Journal ArticleDOI
Klaus Grobys1
TL;DR: Using the coronavirus COVID-19 outbreak as a set-up for a quasi-experiment, this paper derived novel insights on the dynamic correlation between Bitcoin and US stocks given the unprecedented scale.
Abstract: Using the coronavirus COVID-19 outbreak as a set-up for a quasi-experiment, this study derives novel insights on the dynamic correlation between Bitcoin and US stocks Given the unprecedented scale

Journal ArticleDOI
TL;DR: In this paper, the authors examined whether the efficiency of cryptocurrency markets (e.g., Bitcoin and Ethereum) evolve over time based on the adaptive market hypothesis (AMH) and measured the degree of m...
Abstract: This study examines whether the efficiency of cryptocurrency markets (Bitcoin and Ethereum) evolve over time based on the adaptive market hypothesis (AMH). In particular, we measure the degree of m...

Journal ArticleDOI
TL;DR: In this article, the interactive effects of digital finance and environmental, social responsibility, and corporate governance performance on corporate financing efficiency using data ensembles are explored using data analytics techniques.
Abstract: This article explores the interactive effects of digital finance and environmental, social responsibility, and corporate governance (ESG) performance on corporate financing efficiency using data en...

Journal ArticleDOI
TL;DR: Wang et al. as discussed by the authors investigated the factors factors affecting Chinese residents' willingness to participate in garbage classification, paying particular attention to the characteristics of Chinese residents in garbage collection and garbage classification.
Abstract: This study contributes to the literature by investigating the factors factors affecting Chinese residents' willingness to participate (WTP) in garbage classification, paying particular attention to...

Journal ArticleDOI
TL;DR: This paper conducted a bibliometric analysis of the literature on corruption in the discipline of economics (4,488 articles) over the past 51 years between 1968 and 2019, and identified the root causes of corruption.
Abstract: We conducted a bibliometric analysis of the literature on corruption in the discipline of economics (4,488 articles) over the past 51 years between 1968–2019. Through this methodology, we identifie...

Journal ArticleDOI
TL;DR: In this paper, the role of the Covid-19 pandemic event in the course of inflation expectations and their volatility through US inflation swap rates was explored, and it was found that the Covd-19 event had a significant impact on the volatility of US inflation swaps.
Abstract: The goal of this work is to explore the role of the Covid-19 pandemic event in the course of inflation expectations and their volatility through US inflation swap rates. The findings document that ...

Journal ArticleDOI
TL;DR: It is found that healthcare professionals exhibit a considerably greater willingness to be vaccinated against flu than healthcare and non-healthcare students and, in both contexts, trust seems to play a central role in the decision whether to bevaccinated or not.
Abstract: The goal of this note is to better understand which determinants can explain the willingness to get vaccinated against COVID-19. For this purpose, we conduct a survey in Germany in which we ask our...

Journal ArticleDOI
TL;DR: In this article, the authors present evidence of how researchers from developing countries are represented in three areas of research: conference presentations, articles in journals, and citations, and find that the bulk of...
Abstract: We present evidence of how researchers from developing countries are represented in three areas of research: conference presentations, articles in journals, and citations. We find that the bulk of ...

Journal ArticleDOI
TL;DR: In this article, the authors examined the impact of China's High-Speed-Railway on internal migration by exploiting the yearly variation in the city-pair connection, and showed that difference-in-differences estimation shows that H...
Abstract: This paper examines the impact of China’s High-Speed-Railway on internal migration. By exploiting the yearly variation in the city-pair connection, difference-in-differences estimation shows that H...

Journal ArticleDOI
TL;DR: In this paper, a spillover index measure is used to explore the extent of connectedness among a set of six regional stock markets over nearly 8 years from 25 June 2012, to 11 May 2020.
Abstract: In this paper, a spillover index measure is used to explore the extent of the connectedness among a set of six regional stock markets over nearly 8 years from 25 June 2012, to 11 May 2020. Results ...

Journal ArticleDOI
TL;DR: In this paper, the authors clarified that digital inclusive finance positively determines the debt ratio of Chinese households through mechanism analysis and showed that digital inclusion positively affects household debt ratio in the country.
Abstract: In this article, digital inclusive finance positively determines the debt ratio of Chinese households. Through mechanism analysis, we clarify that digital inclusive finance affects household debt r...

Journal ArticleDOI
TL;DR: In this article, the authors examined the impacts of three mechanized farming strategies (no-mechanized, semi-and full-Mechanized farming) on cropland abandonment, using the 2016 China La...
Abstract: This study examines the impacts of the adoption of three mechanized farming strategies (no-mechanized, semi-mechanized, and full-mechanized farming) on cropland abandonment, using the 2016 China La...

Journal ArticleDOI
TL;DR: In this paper, the authors investigated the impacts of COVID-19 on the housing market in the Yangtze river delta region in China and divided data into the groups of the municipality directly under the central government.
Abstract: We investigate the impacts of COVID-19 on the housing market in the Yangtze river delta region in China. We divide data into the groups of the municipality directly under the central government (fi...

Journal ArticleDOI
TL;DR: In this paper, the authors incorporate several digital elements of financial inclusion and co-exist with traditional financial services and ignore the role of digital finance in financial inclusion, and propose a framework to measure national financial inclusion.
Abstract: Measures of national financial inclusion mostly focus on traditional financial services and ignore the role of digital finance. We incorporate several digital elements of financial inclusion and co...

Journal ArticleDOI
TL;DR: The coronavirus pandemic in 2020 was the most devastating worldwide health threat since the 1918-1919 Spanish flu as mentioned in this paper, and panel regression analysis for ten countries suggests that European and US stock ma...
Abstract: The coronavirus pandemic in 2020 was the most devastating worldwide health threat since the 1918–1919 Spanish flu. Panel regression analysis for ten countries suggests that European and US stock ma...

Journal ArticleDOI
TL;DR: In this article, the authors investigated the impact of digital technology on the relationship between financialization and income inequality in 54 countries from 2010 to 2015, and found that financialization was associated with increased income inequality.
Abstract: This paper investigates the impact of digital technology on the relationship between financialization and income inequality of 54 countries from 2010 to 2015. The results show that financialization...

Journal ArticleDOI
TL;DR: Evidence is provided that JAD, and AutoML tools in general, could increase the productivity of financial data analysts, shield against methodological statistical errors, and provide models at par with state-of-the-art manual analysis.
Abstract: We investigate the performance of an automated machine learning (AutoML) methodology in forecasting bank failures, called Just Add Data (JAD). We include all failed U.S. banks for 2007–2013 and twi...