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The relationship between growth and the environment in Beijing, using PM2.5 concentrations (2018)
Journal Article
Di, J., Li, C., & Marsiliani, L. (2018). The relationship between growth and the environment in Beijing, using PM2.5 concentrations. Review of business and economics studies, 6(2), 5-18. https://doi.org/10.26794/2308-944x-2018-6-2-5-18

This study examines the relationship between income and the environment in Beijing from 2008 to 2017 using quarterly data. The indicator for environmental quality is concentrations of Particular Matter (PM) 2.5, from the Mission China Air Quality Mon... Read More about The relationship between growth and the environment in Beijing, using PM2.5 concentrations.

A better understanding of Granger causality analysis: A big data environment (2018)
Journal Article
Song, X., & Taamouti, A. (2019). A better understanding of Granger causality analysis: A big data environment. Oxford Bulletin of Economics and Statistics, 81(4), 911-936. https://doi.org/10.1111/obes.12288

This paper aims to provide a better understanding of the causal structure in a multivariate time series by introducing several statistical procedures for testing indirect and spurious causal effects. In practice, detecting these effects is a complica... Read More about A better understanding of Granger causality analysis: A big data environment.

Congestion management in protected areas: accounting for respondents’ inattention and preference heterogeneity in stated choice data (2018)
Journal Article
Thiene, M., Franceschinis, C., & Scarpa, R. (2019). Congestion management in protected areas: accounting for respondents’ inattention and preference heterogeneity in stated choice data. European Review of Agricultural Economics, 46(5), 834-861. https://doi.org/10.1093/erae/jby041

Congestion levels in protected areas can be predicted by destination choice models estimated from choice data. There is growing evidence of subjects’ inattention to attributes in choice experiments. We estimate an attribute non-attendance latent clas... Read More about Congestion management in protected areas: accounting for respondents’ inattention and preference heterogeneity in stated choice data.

Ecosystem services' values and improved revenue collection for regional protected areas (2018)
Journal Article
Masiero, M. F., C. Mattea, S. T., M., D. P., & D. Scarpa, R. (2018). Ecosystem services' values and improved revenue collection for regional protected areas. Ecosystem Services, 34(A), 136-153. https://doi.org/10.1016/j.ecoser.2018.10.012

The management of conservation areas is a costly enterprise, especially vulnerable to budget cutting when austerity measures are being considered. Optimal spatial taxation dictates that tax-payers contribute proportionally to the benefits they receiv... Read More about Ecosystem services' values and improved revenue collection for regional protected areas.

Population Growth: A Pure Welfarist Approach (2018)
Journal Article
Renström, T., & Spataro, L. (2019). Population Growth: A Pure Welfarist Approach. Journal of Public Economic Theory, 21(1), 135-166. https://doi.org/10.1111/jpet.12337

In this study we propose a framework based on welfarist principles to deal with several issues concerned with population economics models, such as the Repugnant Conclusion, both in absolute and relative sense, the shape of childbearing costs and popu... Read More about Population Growth: A Pure Welfarist Approach.

Carbon Productivity: Findings from Industry Case Studies in Beijing (2018)
Journal Article
Lu, M., Wang, X., & Cang, Y. (2018). Carbon Productivity: Findings from Industry Case Studies in Beijing. Energies, 11(10), Article 2796. https://doi.org/10.3390/en11102796

Simultaneously protecting the environment and promoting the economy are two critical dimensions for sustainable development. Carbon productivity is popularly used in assessing the environmental and economic efficiency over time, and is deemed as the... Read More about Carbon Productivity: Findings from Industry Case Studies in Beijing.

Absorptive Capacity in New Zealand Firms: Measurement and Importance (2018)
Journal Article
Harris, R., & Le, T. (2018). Absorptive Capacity in New Zealand Firms: Measurement and Importance. Science and Public Policy, 46(2), 290-309. https://doi.org/10.1093/scipol/scy058

To the best of our knowledge, this paper reports the first set of nationally representative results on the importance of ‘absorptive capacity’ (generally defined as a firm’s ability to internalise external knowledge) for firms. Using data principally... Read More about Absorptive Capacity in New Zealand Firms: Measurement and Importance.

On the Timing of Production Decisions in Monetary Economies (2018)
Journal Article
Anbarci, N., Dutu, R., & Sun, C. (2019). On the Timing of Production Decisions in Monetary Economies. International Economic Review, 60(1), 447-472. https://doi.org/10.1111/iere.12359

In most macroeconomic models inflation tends to be harmful. In this paper we show that by simply changing the timing of production decisions by firms from 'on demand' to 'in advance', some inflation can boost welfare as long as goods are sufficiently... Read More about On the Timing of Production Decisions in Monetary Economies.

The Measurement of Absorptive Capacity from an Economics Perspective: Definition, Measurement and Importance (2018)
Journal Article
Harris, R., & Yan, J. (2019). The Measurement of Absorptive Capacity from an Economics Perspective: Definition, Measurement and Importance. Journal of Economic Surveys, 33(3), 729-756. https://doi.org/10.1111/joes.12296

This paper starts by recognizing that despite the importance of absorptive capacity, economists in particular have made only limited use of the concept. Most theoretical and empirical studies derive from other fields of research. Thus, the first task... Read More about The Measurement of Absorptive Capacity from an Economics Perspective: Definition, Measurement and Importance.

Types of front of pack food labels: Do obese consumers care? Evidence from Northern Ireland (2018)
Journal Article
Thiene, M., Scarpa, R., Longo, A., & Hutchinson, W. (2018). Types of front of pack food labels: Do obese consumers care? Evidence from Northern Ireland. Food Policy, 80, 84-102. https://doi.org/10.1016/j.foodpol.2018.09.004

The introduction of an effective Front of Pack food labelling (FoPL) system is at the forefront of the food policy debate. Nutritional information is seen as an effective tool to help fight obesity and its associated co-morbidities, such as cancer an... Read More about Types of front of pack food labels: Do obese consumers care? Evidence from Northern Ireland.

Improving intergroup relations through actual and imagined contact: Field experiments with Malawian shopkeepers and Chinese migrants (2018)
Journal Article
Smyth, R., Gu, J., Mueller, A., Nielson, I., & Shachat, J. (2019). Improving intergroup relations through actual and imagined contact: Field experiments with Malawian shopkeepers and Chinese migrants. Economic Development and Cultural Change, 68(1), 273-303. https://doi.org/10.1086/700569

We examine the ability of intergroup contact to ameliorate intergroup relationship in an entrepreneurial and developing world context. Specifically, we provide a simple decision model of how an entrepreneur chooses to invest time to extend their prof... Read More about Improving intergroup relations through actual and imagined contact: Field experiments with Malawian shopkeepers and Chinese migrants.

Financial Complexity and Trade (2018)
Journal Article
Galanis, S. (2018). Financial Complexity and Trade. Games and Economic Behavior, 112, 219-230

What are the implications on trading activity if investors are not sophisticated enough to understand and evaluate trades that have a complex payoff structure? Can frictions generated by this type of financial complexity be so severe that they lead t... Read More about Financial Complexity and Trade.

Does support from government help firms survive? Evidence on financial and political assistance in China, 1998–2007 (2018)
Journal Article
Qu, T., & Harris, R. (2019). Does support from government help firms survive? Evidence on financial and political assistance in China, 1998–2007. Applied Economics, 51(5), 528-541. https://doi.org/10.1080/00036846.2018.1494816

Using the National Bureau of Statistics data set over the period 1998–2007, this article examines the dual roles of financial assistance and strong political links on firm survival in China by applying a semi-parametric duration model. We find that g... Read More about Does support from government help firms survive? Evidence on financial and political assistance in China, 1998–2007.

Financial Instability and Economic Crises: Lessons from Minsky (2018)
Journal Article
Vymyatnina, Y., Grishchenko, V., Ostapenko, V., & Ryazanov, V. T. (2018). Financial Instability and Economic Crises: Lessons from Minsky. Ekonomicheskaya Politika, 4, 20-41

The article is based upon the discussion materials from the presentation of the Russian translation of Hyman Minsky’s seminal book “Stabilizing an Unstable Economy”. The theoretical heritage of one of the most prolific and remarkable representatives... Read More about Financial Instability and Economic Crises: Lessons from Minsky.

A further look at Modified ML estimation of the panel AR(1) model with fixed effects and arbitrary initial conditions (2018)
Preprint / Working Paper
Kruiniger, H. (2018). A further look at Modified ML estimation of the panel AR(1) model with fixed effects and arbitrary initial conditions

In this paper we consider two kinds of generalizations of Lancaster's (Review of Economic Studies, 2002) Modified ML estimator (MMLE) for the panel AR(1) model with fixed effects and arbitrary initial conditions and possibly covariates when the time... Read More about A further look at Modified ML estimation of the panel AR(1) model with fixed effects and arbitrary initial conditions.

Hungry Birds and Angry Farmers: Using Choice Experiments to Assess “Eco-compensation” for Coastal Wetlands Protection in China (2018)
Journal Article
Bennett, M., Gong, Y., & Scarpa, R. (2018). Hungry Birds and Angry Farmers: Using Choice Experiments to Assess “Eco-compensation” for Coastal Wetlands Protection in China. Ecological Economics, 154, 71-87. https://doi.org/10.1016/j.ecolecon.2018.07.016

The JYNNR – a Ramsar Site, Biosphere Reserve and important wintering ground for 15–18% of the world's Red Crowned Cranes – faces major pressure from regional development. This paper uses choice experiments to assess farmer preferences for an “eco-com... Read More about Hungry Birds and Angry Farmers: Using Choice Experiments to Assess “Eco-compensation” for Coastal Wetlands Protection in China.

The effect of interest rates on consumption in an income fluctuation problem (2018)
Journal Article
Lehrer, E., & Light, B. (2018). The effect of interest rates on consumption in an income fluctuation problem. Journal of Economic Dynamics and Control, 94, 63-71. https://doi.org/10.1016/j.jedc.2018.07.004

We examine the effect of a change in interest rates on an agent’s consumption and savings decisions when her income is fluctuating. In each period, a long-lived agent decides how much to save (i.e., invest in a risky bond) and how much to consume whi... Read More about The effect of interest rates on consumption in an income fluctuation problem.

Payoff inequity reduces the effectiveness of correlated-equilibrium recommendations (2018)
Journal Article
Anbarcı, N., Feltovich, N., & Gürdal, M. (2018). Payoff inequity reduces the effectiveness of correlated-equilibrium recommendations. European Economic Review, 108, 172-190. https://doi.org/10.1016/j.euroecorev.2018.07.003

We examine theoretically and experimentally how individuals’ willingness to follow third-party recommendations in 2 × 2 games is affected by payoff asymmetry. We consider six versions of Battle-of-the-Sexes. Recommendations imply monetary payoffs tha... Read More about Payoff inequity reduces the effectiveness of correlated-equilibrium recommendations.