Showing papers in "Journal of Policy Modeling in 2021"

TL;DR: In this article, the authors examined the relative effects of different aspects of supply chain logistics, including overall logistics performance, and the performance of the input and output dimensions of logistics, on economic growth.

TL;DR: The authors investigated the inter-temporal causal relationship between institutions, renewable energy, carbon emissions and economic growth for 45 sub-Saharan Africa countries using annual data for the period 1960-2017.

TL;DR: In this article, the authors make four specific contributions to that research agenda, marking the timing, definitions, and scale of the products subject to the tariff changes affecting US-China trade from January 20-2017 through January 20, 2021.

TL;DR: Wavelet Coherence Analysis was applied to examine the co-movements between markets in Iran in a time period from September 2014 to June 2020, as an intense period of uncertainty in Iran, and showed that the oil price had a low co- Movements with the other three markets, i.e. stock exchange, exchange rate, and gold markets.

TL;DR: In this paper, the authors formulate the modeling of unconventional monetary policy and critically evaluate its effectiveness to address the Global Financial Crisis and conclude by relating the lessons learned from unconventional monetary policies during the global financial crisis to the recent bold initiatives of the Fed to mitigate the economic and financial impact of the Covid-19 pandemic on U.S. households and businesses.

TL;DR: A model is developed to examine how lockdown and social distancing measures have influenced the behavioral conduct of people and how policy makers can frame policies to navigate these wild waves in the best possible way.

TL;DR: In this article, the authors present real-time evidence on the effects of the coronavirus crisis on regional employment in Italy, by finding that the current shock is producing major adverse consequences in the South and on female occupation.

TL;DR: It is argued that the somewhat unique tension between the speed of vaccine delivery and its scale can create opportunities for corrupt behavior that are often at odds with effective means to check abuse, and should guide the formulation of appropriate corruption-control policies.

TL;DR: The authors empirically examined the combined effects of globalization and financial development on income inequality in a unified framework for an emerging economy using annual data for the Indian economy over the period 1980-2014.

TL;DR: In this article, an evidence-based approach to the selection and prioritisation of Next Generation EU (NGEU) projects for timely implementation and impact of the Recovery Plan for Europe is developed.

TL;DR: In this article, the authors investigated the effect of international remittances and financial development on poverty alleviation in 44 sub-Saharan African (SSA) countries from 2010 to 2019.

TL;DR: In this paper, the authors investigated whether general formal education still helps youth avoid situations of unemployment and inactivity in favor of other labour force statuses (dependent employment, self-employment, education) across EU countries over the period 2006-2010.

TL;DR: This paper conducted an event study to examine the response of stock market returns and volatility to intervention efforts using DCC-GARCH and Markov Regime Switching Models and found that interventions were effective in China but failed in Russia, where greater global links were evident.

TL;DR: A theoretical framework is provided to analyse how income inequality contributes shaping the trade-off between economic lockdown and contagion and empirical analysis on EU countries shows that the lockdown is likely to significantly increase inequality and poverty.

TL;DR: It was found that real rates have significant implications for real growth, the labour market and price stability even when monetary policy was constrained at the ZLB in nominal terms, indicating that the effectiveness of real rates did not diminish and has important implications in terms of a policy approach which seeks to exploit real negative rates.

TL;DR: In this paper, the contribution of public investment to economic growth in Southern Italy in the second half of the twentieth century (1951-2011) was analyzed using cointegration analysis.

TL;DR: In this article, the authors used panel data from 44 Sub-Saharan African countries for the period 1990-2018 to compute measures of inclusive growth based on gender and the rural-urban divide.

TL;DR: In this paper, the impact of financial sanctions on publicly traded companies in Iran is analyzed. And the authors find that sanctions affect politically connected firms more than ordinary firms, have lasting negative effects on profitability ratios, and that politically-connected firms stock prices bounce back more slowly after removal of sanctions.

TL;DR: In this paper, the authors investigated what has happened to the interest rates of the sovereign bond in selected countries of the Eurozone during 2020 and found that countries with a higher pre-Covid level of the debt-to-GDP ratio have a significant jump in interest rates and a greater perceived risks of default.

TL;DR: In this article, the authors examined the impact of uncertainty about economic policy on the bank's earnings opacity of the Chinese banking industry, using the two-step system GMM estimator and the time covering 2011-2018.

TL;DR: This paper examined the relative ability of simple inflation targeting and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices.

TL;DR: In this paper, the authors test the hypothesis that access to larger flows of information about government fiscal accounts and financial transactions increases citizens' willingness to pay taxes and find that in the presence of more information, the implicit contract between the government and taxpayers displays less stringent incentives and participation constraints and causes part of the contract to be enhanced.

TL;DR: The authors provides insights on the specific role of innovation policies and they differ from and are similar to traditional industrial policies, and what that might mean for future trade rules, and how spillovers play out in the global economy.

TL;DR: In this paper, the authors analyzed case studies through the SEIR model in three Southeast Asia countries including Singapore, Malaysia, and Indonesia, and found that Malaysia, despite its relatively low testing capacity, can slash the coronavirus transmission while Indonesia has still struggled to contain the COVID-19 flow owing to partial lockdowns.

TL;DR: In this article, a modified total interpretive structural modeling (TISM) model has been used to explore the relationship between the determinants that led to deglobalization and the polarity in TISM.

TL;DR: In this paper, the authors examined complementarities between inclusive development, military expenditure and political stability in the fight against terrorism in 53 African countries for the period 1998-2012 and found that military expenditure is complementary to political stability.

TL;DR: The failures of the past rules have led to political opposition to globalization as mentioned in this paper, and the only sustainable and inclusive path out of this pandemic is through cooperation and a re-imagining of globalization.

TL;DR: In this paper, the authors examined the relationship between poverty and income inequality in India and found that the higher the inequality in the income distribution, the lower the growth elasticity of poverty.

TL;DR: In this paper, the authors proposed the Financial Intermediation Measure (FIM) which is a normative indicator and amends the descriptive nature of the loan-to-deposit ratio, and is thus more suited to the needs of macroprudential regulation of financial systems.