Economic Systems

2001 - 2025

Current editor(s): R. Frensch

From Elsevier
Contact information at EDIRC.
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Volume 49, issue 1, 2025

Financial access and income inequality in Sub-Saharan Africa: Does ethnic fragmentation give new evidence?

Valentine Soumtang Bimé and Itchoko Motande Mondjeli Mwa Ndjokou

The impact of Russia’s Geopolitical Risk on stock markets’ high-moment risk

Asil Azimli and Demet Beton Kalmaz

Taxation with information: Impacts of customs data exchange on tax evasion in Pakistan

Chao Fang

The effects of EU grants on SMEs: Evidence from Bulgaria

Daniel Nigohosyan, Iglika Vassileva and Albena Vutsova

Economic analysis and competition policy practice: A comparative empirical examination

Svetlana Golovanova, Eduardo Ribeiro and Svetlana Avdasheva

Impact of governance on populist rhetoric

Fabian Reck, Jarko Fidrmuc and Frédéric Gruninger

Structural characteristics and non-linear fiscal multipliers

Mahima Gupta and Amlendu Dubey

Trust in banks and financial inclusion: Micro-level evidence from 28 countries

Axelle Heyert and Laurent Weill

The critical role of the health-care sector in promoting employment for women and migrants in the EU. A multicountry input-output analysis

Izaskun Barba and Belén Iraizoz

Climate policy uncertainty and the Chinese sectoral stock market: A multilayer network analysis

Jiusheng Chen and Xianning Wang

Individualism, innovation, and inequality: Exploring the nexus

Daniel V. Santos, Oscar Afonso and Paulo B. Vasconcelos

Technological catch-up, nonmonotonicity, and convergence: Parametric evidence from the BRICS and European banking systems

Navendu Prakash, Shveta Singh and Seema Sharma

Macroprudential policy effectiveness and interaction with monetary policy: Lessons from debt service-to-income cap implementation in Kazakhstan

Zhandos Ybrayev, Azamat Baizakov, Erlan Kailrullayev and Dana Mukhambetzhanova

A comparative analysis on how much individuals are left behind in the former state socialist countries of the European Union

Elena Barcena-Martin, F. García-Pardo and S. Pérez-Moreno

The influence of income tax incentives on small and low-profit enterprises’ production factor investment

Gang Xue, Yanxi Cai and Yan Zhang

Volume 48, issue 4, 2024

Comovement and Global Imbalances of Current Accounts

Yu You, Junsoo Lee, Yoonbai Kim and Zheng Yang

Place-based policies and capital misallocation: Evidence from Chinese cities

Yi Cui

China's risk contagion using the mixed-frequency macro-financial network

Cuixia Jiang, Haijing Gao and Qifa Xu

Environmental protection taxes and green productivity: Evidence from listed companies in China

Zhijun Yan, Yuting Jia and Bingbing Zhang

Demographic transition and inflation

Karan Rai and Bhavesh Garg

The impact of the heterogenous fiscal policy stance of euro-area member states on ECB monetary policy

Linas Jurkšas

Globalization in lifelong gender inclusive education for structural transformation in Africa

Simplice Asongu, Jean R.F.K. Bouanza and Peter Agyemang-Mintah

A maximum entropy bootstrap approach to financial development and economic growth in China

Renfang Tian, Jingjing Xu, Hui Feng and Adian McFarlane

Coherence of the business cycles of prospective members of the euro area and the euro area business cycle

Jakob de Haan, Jan Jacobs and Renske Zijm

What makes environment-related technologies less effective? The role of uncertainty

Hung Manh Pham, Lan Khanh Chu and Dung Phuong Hoang

Long-term responses to large minimum wage shocks: Subminimum and super-minimum workers in Slovenia

Suzana Laporšek, Peter F. Orazem, Milan Vodopivec and Matija Vodopivec

Financial frictions in a macroeconometric model: A counterfactual analysis for the case of Slovenia

Darja Zabavnik and Miroslav Verbič

Determinants of school dropouts and the impact on youth unemployment: Evidence from Ethiopia

Million Sileshi, Kedir Jemal and Bekele Wegi Feyisa

Why developing countries need a new central bank paradigm: Evidence from the Middle East and North Africa region

Mohamad Abou Hamia

Is there a "Machine Substitution"? How does the digital economy reshape the employment structure in emerging market countries

Yingzi Qu and Sha Fan

Green central banking and game theory: The Chicken Game-approach

Fabian Alex

Volume 48, issue 3, 2024

US uncertainty shocks on real and financial markets: A multi-country perspective

Jose Gomez-Gonzalez, Jorge Hirs-Garzon and Jorge Uribe

The struggle between capitalists and workers concerning patent and monetary policies in a Schumpeterian economy

Óscar Afonso and Pedro Lima

Supporting African union: Do macroeconomic fluctuations matter?

Samba Diop, Simplice Asongu and Cheikh Tidiane Ndiaye

Geographic complexity and bank risk: Evidence from cross-border banks in Africa

Makafui Anani

Selective industrial policy and overcapacity: Evidence from a quasi-natural experiment in China

Pengfei Ge, Rui Zhu, Yize Chen and Xiulu Huang

The economic aftermath of surges in public and private debt: Initial conditions and channels

Joao Jalles and Paulo Medas

Sustainable energy deployment in developing countries: The role of composition of energy aid

Panika Jain and Samaresh Bardhan

Governmental responses and firm resilience during the COVID-19 pandemic: The role of culture and politics

Edina Berlinger, Dieter Gramlich, Thomas Walker and Yunfei Zhao

The impacts of anti-organized crime on asset prices: Evidence from China

Zhenjun Li and Maoyong Cheng

Persistence of human capital development in OECD countries over 150 years: Evidence from linear and nonlinear fractional integration methods

Sakiru Adebola Solarin, Luis Gil-Alana and María Hernández-Herrera

Monetary policy shock and corporate innovation: Evidence from China

Yong Ma and Mengyuan Wang

The interaction between corruption, bank cost efficiency and economic development in Italy

Cristian Barra, Anna Papaccio and Nazzareno Ruggiero

How does local government debt affect bank loan pricing? Evidence from loan-level data

Wen Chen

The impact of infrastructure investment on multidimensional poverty. Evidence from Chinese rural migrant workers

Zhilin Wu, Haiming Long and Hui Song

Does stock market liberalization increase company TFP? Evidence from the Shanghai-Shenzhen-Hong Kong stock connect program in China

Zhonghua Cheng and Yeman Zhu

Institutional quality and US FDI outflows: Do political regimes matter?

Chaitali Sinha, Shrabani Saha and Aleksandar Vasilev

Volume 48, issue 2, 2024

Does informality hinder financial development convergence?

Can Sever and Emekcan Yücel

Counterfeiting and firm survival. Evidence from the Italian manufacturing industry

Rosanna Pittiglio

Capital outflow restrictions and dollar drainage

Uluc Aysun, Karlia Clarke and Oronde Small

Sources of financing: Which ones are more effective in innovation–growth linkage?

Anabela M. Santos, Michele Cincera and Giovanni Cerulli

Local government financing vehicle restructuring, implicit government guarantees and debt financing costs: Evidence from the Chinese municipal corporate bond market

Rui Wan, Wencheng Fan and Xiaoping Wang

Revisiting international house price convergence using house price level data

Christophe André, Christina Christou and Rangan Gupta

The role of financial and physical assets as substitute or complementary to land as collateral in credit market: Evidence from Indian households

Pallabi Chakraborty and Amarjyoti Mahanta

Contagion among European financial indices, evidence from a quantile VAR approach

Giulio Palomba and Marco Tedeschi

Labour immobility between industries: Consequences for the macroeconomy

Parantap Basu, David Chivers and Changhyun Park

Gender political inclusion and inclusive finance in Africa

Tii N. Nchofoung, Simplice Asongu and Vanessa S. Tchamyou

Monetary and fiscal interplay: Does it work both ways?

Antonio Afonso and Alexandre Sousa

Cooperation between governments to set up public firms

Quan Dong, Juan Bárcena-Ruiz and María Begoña Garzón

Does country risk rating explain shadow banking development? Insights from advanced and emerging market economies

Seyed Alireza Athari, Mugabil Isayev and Farid Irani

Volatility connectedness and its determinants of global energy stock markets

Qichang Xie, Chao Luo, Xiaoping Cong and Xu Wang

Global corporate tax policy space

Turalay Kenc and Emrah Çevik

The financial inclusion agenda: Examining the role of conventional banks in deepening access to formal credit

Abdul Malik Iddrisu and Michael Danquah

Does stock liquidity affect expropriation behavior by controlling shareholders? Evidence from China

Xin Xiang

Economic performance of exporting sectors: Evidence for manufacturing in Brazil

Thiago Silva, Paulo Ricardo Mendes Valença and Benjamin Miranda Tabak

Adding an informal sector to the IS-LM framework: A graphical exposition of the IS-LM-PC-SE model for the classroom and policymaker

Celso J. Costa Junior and Alejandro C. Garcia-Cintado

Volume 48, issue 1, 2024

Digital finance and stock market participation: The case of internet wealth management products in China

Zhiqiang Lu, Junjie Wu, Hongyu Li and Brian Galloway

Does population aging coexist with income inequality in the long run? Evidence from selected Asia-Pacific countries

Muhammad Raees Shaik, Soo Khoon Goh, Koi Wong and Chee Hong Law

Conventional monetary interventions through the credit channel and the rise of non-bank institutions

Gianluca Cafiso and Giulia Rivolta

Exchange rate and inflation between China and the United States: A bootstrap rolling-window approach

Tie-Ying Liu and Jun-Teng Ma

Macroeconomic fundamentals and attention: What drives european consumers’ inflation expectations?

Zuzana Kucerova, Daniel Pakši and Vojtěch Koňařík

Intergenerational occupational mobility in Latin American economies: An empirical approach

Ömer Doruk, Francesco Pastore and Hasan Bilgehan Yavuz

Assessing the impact of religion on environmental quality

Ying Lin, Hua-Tang Yin, Jun Wen and Chun-Ping Chang

Exchange rates and the speed of economic recovery: The role of financial development

Boris Fisera

Evolving efficiency of the BRICS markets

Maria V. Kulikova, David R. Taylor and Gennady Yu. Kulikov

Risk-adjusted efficiency and innovation: an examination of systematic difference and convergence among BRIC banks

Thanh Nguyen, Son Nghiem and Abhishek Singh Bhati

Individualism, economic freedom, and the development of the shadow economy

James W. Saunoris

Regional convergence in the European Union – Factors of growth between the great recession and the COVID crisis

Jan Pintera

Commodity prices and domestic credit in Central and Eastern Europe: Are there asymmetric effects?

Scott Hegerty

Effects of option incentive compensation on corporate innovation: The case of China

Rui Cheng, Bart Frijns, Hyeongjun Kim and Doojin Ryu

FDI and income inequality in tax-haven countries: The relevance of tax pressure

Gonzalo Soto, Carlos Jardon and Xavier Martinez-Cobas

Financial depth versus more comprehensive metrics of financial development in tests of the finance-growth nexus

Martin Boďa

The impact of monetary policy shocks on net worth and consumption across races in the United States

Juan-Francisco Albert and Nerea Gómez-Fernández