Articles

The role of institutional quality in the international trade of a Latin American country: evidence from Colombian export performance

This paper analyses the relevance of Colombian institutional quality in recent years in terms of the performance of its exports within a framework of trade openness. Based on the trade gravity model, we examin...

Authors: Carlos Abreo, Ricardo Bustillo and Carlos Rodriguez

Compilation and analysis of international from-whom-to-whom financial stock table for Japan, Korea, the United States, and China

This paper discusses the development of international flow of funds accounts; it compiles and analyzes such accounts with a focus on the global financial crisis. For this purpose, we compile from-whom-to-whom ...

Authors: Satoru Hagino and Jiyoung Kim

Innovation, firm productivity, and export survival: firm-level evidence from ASEAN developing countries

This firm-level study investigates the importance of innovation as a determinant of firm productivity and how firm productivity could impact firm export survival. This is the first integration of the innovatio...

Authors: Utumporn Jitsutthiphakorn

Legal environment and corporate finance: evidence from the Italian manufacturing industry

Considering the Italian manufacturing industry between 2014 and 2016 (more than 250,000 observations), this technical note analyzes the relation between the courts’ ability to enforce credit rights and the opp...

Authors: Greta Falavigna and Roberto Ippoliti

Relaxing the import proportionality assumption in multi-regional input–output modelling

In the absence of data on the destination industry of international trade flows most multi-regional input–output (MRIO) tables are based on the import proportionality assumption. Under this assumption imported...

Authors: Simon Schulte, Arthur Jakobs and Stefan Pauliuk

Correction to: A new approach to modelling the input–output structure of regional economies using non‑survey methods

Authors: Anthony T. Flegg, Guiseppe R. Lamonica, Francesco M. Chelli, Maria C. Recchioni and Timo Tohmo

Assessing the dynamic tourism inter-industry linkages and economic structural changes in Cambodia’s economy

This study employs the SAM-based model combining with multiplier product matrix and field of influence approaches. Under three input–output transaction table matrices of the years 2005, 2010, and 2015, these a...

Authors: Chantha Hor

Foreign direct investment and productivity spillovers: a firm-level analysis of Bangladesh in comparison with Vietnam

Foreign direct investment (FDI) is expected to generate external effects—usually termed FDI spillovers—for a host country, and these spillovers are thought to have consequences on the productivity of domestic ...

Authors: Md Arif-Ur-Rahman and Kazuo Inaba

Structural decomposition analysis with disaggregate factors within the Leontief inverse

A trivial case in input–output structural decomposition analysis is a decomposition of a product of variables, or factors, where one factor is an inverse—typically, Leontief inverse—of a sum of other factors. ...

Authors: Kirill Muradov

Diversifying a resource-dependent economy: private–public relationships in the Kuwaiti economy

The Kuwaiti economy is characterized by two major structural imbalances—heavy dependence on oil production and dominance of the public ownership. Kuwait has struggled over the years to implement a two-pronged ...

Authors: Ayele Gelan, Geoffrey J. D. Hewings and Ahmad Alawadhi

Productivity growth and sectoral interactions under Domar aggregation: a study for the Brazilian economy from 2000 to 2014

In this paper, we use the Domar aggregation approach to study the evolution of Brazil’s productivity growth from 2000 to 2014, thus allowing us a disaggregated assessment of the issue. We found that the Brazil...

Authors: Theo Santini and Ricardo Azevedo Araujo

An extended approach to value chain analysis

In the article, we propose a comprehensive methodology of value chain analysis in the international input–output framework that introduces a new measure of value chain participation and an extended typology of...

Authors: Klemen Knez, Andreja Jaklič and Metka Stare

A new approach to modelling the input–output structure of regional economies using non-survey methods

This paper proposes a new approach to the regionalization of national input–output tables where suitable regional data are scarce and analysts are considering using location quotients (LQs). We focus on the FL...

Authors: Anthony T. Flegg, Guiseppe R. Lamonica, Francesco M. Chelli, Maria C. Recchioni and Timo Tohmo

International trade barriers and regional employment: the case of a no-deal Brexit

We use the World Input–Output Database (WIOD) combined with regional sectoral employment data to estimate the potential regional employment effects of international trade barriers. We study the case of a no-de...

Authors: Hans-Ulrich Brautzsch and Oliver Holtemöller

Impact and cost–benefit analysis: a unifying approach

This paper presents a methodology to integrate cost–benefit analysis and SAM-CGE-based impact evaluation. While the two types of analysis have developed in parallel and without a clear connection, there is gro...

Authors: Pasquale Lucio Scandizzo

Revisiting Samuelson’s models, linear and nonlinear, stability conditions and oscillating dynamics

In this work, we reconsider the dynamics of a few versions of the classical Samuelson’s multiplier–accelerator model for national economy. First we recall that the classical one with constant governmental expe...

Authors: Fabio Tramontana and Laura Gardini

Public debt dynamics: the interaction with national income and fiscal policy

The 2008 financial crisis triggered the debt crisis in Europe. High debt-to-GDP ratios made it impossible for some countries to apply countercyclical policy in order to overcome the recession. As a result, hig...

Authors: Vasileios Spyrakis and Stelios Kotsios

Performance of bidimensional location quotients for constructing input–output tables

This article seeks to verify the extent to which the formulation of two-dimensional location quotients (2D-LQ) entails a methodological advance in building or generating economic accounts related to sub-territ...

Authors: Xesús Pereira-López, Napoleón Guillermo Sánchez-Chóez and Melchor Fernández-Fernández

Method of value chain mapping with international input–output data: application to the agricultural value chain in three Greater Mekong Subregion countries

Extending the technique of unit structure analysis, which was originally developed by Ozaki (J Econ 73(5):720–748, 1980), this study introduces a method of value chain mapping that uses international input–out...

Authors: Ikuo Kuroiwa

Are there any turning points for external debt in Malaysia? Case of adaptive neuro-fuzzy inference systems model

This paper intends to investigate whether the turning points exist between tax revenue, gross domestic product, government expenditure, and gross domestic saving towards Malaysia’s total external debt. The res...

Authors: Abdul Aziz Bin Karia

Eco-mechanisms within economic evolution: Schumpeterian approach

Supporting ecological innovations and economic activities which lead to environmental protection is one of the important challenges to decision-makers. The above is related to the problem of specification of m...

Authors: Agnieszka Lipieta and Andrzej Malawski

Extended input–output model for urbanization: an empirical test using Chinese data

Although the input–output model has been widely used for both pure economic analysis and environmental issues, demographic analysis has been relegated to the periphery of the input–output literature. Previous ...

Authors: Nobuhiro Okamoto

Impact of alternative regional trade arrangements on the Ethiopian economy

The Common Market for Eastern and Southern Africa (COMESA) is a Free Trade Area (FTA) regional trade agreement in Africa. Currently, Ethiopia is negotiating to join COMESA FTA. This study assesses the impact o...

Authors: Habtamu Shiferaw Amogne and Taiji Hagiwara

Producing a village input–output table (VIOT) from household survey data: a case study of a VIOT for a rural village in northern Lao PDR

In this study, a village input–output table (VIOT) is built from household survey data from a rural village in a developing country to capture the interdependency between households through their transactions ...

Authors: Soulixay Hongsakhone, Moinul Islam and Masaru Ichihashi

The effect of mining foreign direct investment inflow on the economic growth of Zimbabwe

The study employs the autoregressive distributed lag (ARDL) approach to examine the relationship between foreign direct investment (FDI) in the mining sector on the Zimbabwe economy, while controlling for both...

Authors: Plaxedes Gochero and Seetanah Boopen

Do the stock returns of clean energy corporations respond to oil price shocks and policy uncertainty?

This paper investigates the effects of oil price shocks and policy uncertainty on the stock returns of clean energy companies. We use a structural vector autoregressive (VAR) model to separate demand and suppl...

Authors: Xiaohui Zhao

The impact of stock market manipulation on Nigeria’s economic performance

This study is the first attempt to empirically analyse stock market manipulation on the Nigerian Stock Exchange and its consequences on economic performance. The empirical investigation employs a broad data se...

Authors: Babatunde Akinmade, Festus Fatai Adedoyin and Festus Victor Bekun

An agribusiness perspective of demonetization in central region of the state of Gujarat in India

This paper aims at understanding the effect of demonetization announced in November 2016 on agribusiness subsystems, its effect on consumer purchasing criteria, and the problems that surfaced in rural areas to...

Authors: Ritambhara Singh and Mahesh R. Prajapati

Agricultural policies, agricultural production and rural households’ welfare in Ethiopia

The paper employs the computable general equilibrium (CGE) model of the Oromia region of Ethiopia to assess the macroeconomic impacts of agricultural policy on agricultural growth and rural households’ social ...

Authors: Zewdie Habte Shikur

Macroeconomic, institutional and financial determinants of current account balances: a panel data assessment

This study aims to find out the fundamental macroeconomic, institutional and financial determinants of current account balances by using panel data analysis method. The analysis is carried out by using the dat...

Authors: Yasin Baris Altayligil and Murat Çetrez

Uganda’s experience with debt and economic growth: an empirical analysis of the effect of public debt on economic growth—1980–2016

Empirical evidence on the effect of public debt on the economic growth of a country remains ambiguous. No theoretical convergence on the respective nexus has been attained. For the case of Uganda in particular...

Authors: Richard Ssempala, Kurayish Ssebulime and Enoch Twinoburyo

Role of human assets in measuring firm performance and its implication for firm valuation

The purpose of the study is to evaluate the role of human asset in firm performance and its implication for firm valuation. To do so a modified five-factor model with human asset designed for capturing the siz...

Authors: Moinak Maiti and Darko Vuković

Boundaries on Turkish export-oriented industrialization

This study examines the Turkish experience of export-oriented industrialization by emphasizing its linkage to previous capital accumulation model and developments and by the evolution of political and economic...

Authors: Deniz Güvercin

Indo-Pacific cooperation: what do trade simulations indicate?

This paper investigates the potential economic effect of ‘Indo-Pacific’ regional economic cooperation and compares with the extended CPTPP. The Computable General Equilibrium (CGE) results show that the quadri...

Authors: Mohammad Masudur Rahman, Chanwahn Kim and Prabir De

Comparative analysis of the effects of institutional factors and Piketty’s Hypothesis on inequality: evidence from a panel of countries

There are many reports on investigating the influences of institutional factors and Piketty’s Hypothesis on income inequality; nonetheless, the inequality effects of both factors are seemingly investigated sep...

Authors: Ali Sarkhosh-Sara, Khadije Nasrollahi, Karim Azarbayjani and Rasul Bakhshi Dastjerdi

Dynamic linkages between poverty, inequality, crime, and social expenditures in a panel of 16 countries: two-step GMM estimates

The study examines the relationship between growth–inequality–poverty (GIP) triangle and crime rate under the premises of inverted U-shaped Kuznets curve and pro-poor growth scenario in a panel of 16 diversifi...

Authors: Muhammad Khalid Anser, Zahid Yousaf, Abdelmohsen A. Nassani, Saad M. Alotaibi, Ahmad Kabbani and Khalid Zaman

Impact of trade liberalisation on formal–informal interlinkages in India: does sectoral labour mobility matter?

Existing study argues that labour market flexibility accompanied by trade liberalisation helped in building complementary relationship between formal and informal sectors in India. However, no direct relation ...

Authors: Anirban Kundu

Monetary policy uncertainty spillovers in time and frequency domains

We use the recently created monthly Interest Rate Uncertainty measure, to investigate monetary policy uncertainty across the US, Germany, France, Italy, Spain, UK, Japan, Canada, and Sweden in both the time an...

Authors: Rangan Gupta, Chi Keung Marco Lau, Jacobus A. Nel and Xin Sheng

Sustainable development and openness in oil-exporting countries: green growth and brown growth

What is the nexus between sustainability and openness? This study employs econometric methods to estimate a neoclassical growth model, considering brown and green growth as two pillars of sustainability, in te...

Authors: Jalil Khodaparast Shirazi, Vahid Mohamad Taghvaee, Mohamad Nasiri and Abbas Assari Arani

Determinants of gross domestic savings in Uganda: an autoregressive distributed lag (ARDL) approach to cointegration

In Uganda’s development aspiration “VISION 2040”, Uganda aspires to transform its society from a peasant to a modern and prosperous middle-income country by 2040, with per capita income of USD 9, 567. To attai...

Authors: Vivian Nagawa, Francis Wasswa and Edward Bbaale

Tax structure and economic growth: a study of selected Indian states

The present study examines the long-run and short-run relationship between tax structure and state-level growth performance in India for the period 1991–2016. The analysis in this paper is based on the model o...

Authors: Yadawananda Neog and Achal Kumar Gaur

Does financial inclusion reduce poverty and income inequality in developing countries? A panel data analysis

Financial inclusion is a key element of social inclusion, particularly useful in combating poverty and income inequality by opening blocked advancement opportunities for disadvantaged segments of the populatio...

Authors: Md Abdullah Omar and Kazuo Inaba

The Samuelson macroeconomic model as a singular linear matrix difference equation

In this paper, we revisit the famous classical Samuelson’s multiplier–accelerator model for national economy. We reform this model into a singular discrete time system and study its solutions. The advantage of...

Authors: Fernando Ortega and Maria Filomena Barros

Ethiopia’s FDI inflow from India and China: analysis of trends and determinants

This study analyzes the trends and determinants of FDI inflow to Ethiopia from India and China. It is based on panel data of 2 decades (1997–2016). It employs a gravity model approach and fixed effects estimat...

Authors: Degele Ergano and K. Rambabu

Revisiting incremental product innovations in the food-manufacturing industry: an empirical study on the effect of intellectual property rights

The highly competitive and mature food industry has long been process innovation-oriented while largely neglecting product/technological innovation. However, recent innovation debates have raised two issues. F...

Authors: Tohru Yoshioka-Kobayashi, Tomofumi Miyanoshita and Daisuke Kanama

Improving the European input–output database for global trade analysis

There are increasing numbers of published articles in the field of input–output analysis and modelling that use the GTAP input–output database; particularly, in relation to the estimation of carbon, energy and...

Authors: José M. Rueda-Cantuche, Tamas Revesz, Antonio F. Amores, Agustín Velázquez, Marian Mraz, Emanuele Ferrari, Alfredo J. Mainar-Causapé, Letizia Montinari and Bert Saveyn

Sustainable livelihood alternatives among Nile perch (Lates niloticus) fishers in Lake Victoria Tanzania: analytical hierarchy process (AHP) approach

Sustainable livelihood has been a focal point in many development initiatives by private and public sectors in most African countries. However artisanal fishers in the main lakes of Africa are faced with sever...

Authors: Eliaza Mkuna, Lloyd Baiyegunhi and Wiktor Adamus

The Grand Tour: Keynes and Goodwin go to Greece

The impact of the crisis in the Greek economy was not uniform among the regions, threatening socioeconomic cohesion. In this paper, we explore the concept of the income multiplier in a multi-regional input–out...

Authors: Eduardo Amaral Haddad, Natalia Cotarelli, Thiago Cavalcante Simonato, Vinicius Almeida Vale and Jaqueline Coelho Visentin

How far is FDI relevant to India’s foreign trade growth? An empirical investigation

The study seeks to foster fresh empirical evidence on how FDI is relevant to the foreign trade growth in India under a time-varying parameter model with vector autoregressive specification. The Johansen’s coin...

Authors: Shib Sankar Jana, Tarak Nath Sahu and Krishna Dayal Pandey

Linkages, fields of influence and key sectors

Linkages, fields of influence and key sectors are troublesome concepts.

Authors: Thijs ten Raa