Economic Systems

2001 - 2025

Current editor(s): R. Frensch

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Volume 41, issue 4, 2017

Can the HOS model explain changes in labor shares? A tale of trade and wage rigidities pp. 472-491

Bruno Decreuse and Paul Maarek

Labor market rigidity, social policies and the labor share: Empirical evidence before and after the big crisis pp. 492-512

Maria Laura Parisi

Road infrastructure and the share of labor income: Evidence from China’s manufacturing sector pp. 513-523

Xun Zhang, Guanghua Wan and Xu Wang

Globalisation and the decline of the labour share: A microeconomic perspective pp. 524-536

Cristiano Perugini, Michela Vecchi and Francesco Venturini

Are some owners better than others in Czech privatized firms? Even meta-analysis can’t make us perfectly sure pp. 537-568

Ichiro Iwasaki and Evžen Kočenda

Determinants of firm performance and growth during economic recession: The case of Central and Eastern European countries pp. 569-590

Anže Burger, Joze Damijan, Crt Kostevc and Matija Rojec

Do liquidation trustee characteristics matter for firm liquidation outcomes? Evidence from Slovenia pp. 591-609

Jaka Cepec, Peter Grajzl and Katarina Zajc

Who leaves and when? Selective outmigration of immigrants from Germany pp. 610-621

Torben Kuhlenkasper and Max Steinhardt

Can corruption really function as “protection money” and “grease money”? Evidence from Chinese firms pp. 622-638

Gang Xu, Dongyang Zhang and Go Yano

Exchange rate and macroeconomic adjustment in southern eurozone countries pp. 639-650

José García-Solanes, Fernando Torrejón-Flores and Irene Ródenas-Monedero

Government size, public governance and private investment: The case of Vietnamese provinces pp. 651-666

Thanh Su and Thi Mai Hoai Bui

What tax experts in former socialist countries think about tax policy: The cases of Slovenia, Croatia and Bosnia and Herzegovina pp. 667-693

Helena Blažić, Ana Štambuk, Hrvoje Šimović, Lejla Lazović-Pita and Maja Klun

Volume 41, issue 3, 2017

Can migration reduce civil conflicts as an antidote to rent-seeking? pp. 333-353

Ismael Issifou

Firm-level determinants of tax evasion in transition economies pp. 354-366

Lumir Abdixhiku, Besnik Krasniqi, Geoff Pugh and Iraj Hashi

Determinants of discretionary fiscal policy in Central and Eastern Europe pp. 367-378

Milojko Arsic, Aleksandra Nojkovic and Sasa Randjelovic

Uncertainty shocks, central bank characteristics and business cycles pp. 379-388

Secil Yıldırım-Karaman

Finance-neutral potential output: An evaluation in an emerging market monetary policy context pp. 389-407

J. Sebastián Amador-Torres

Fiscal forecasting performance in an emerging economy: An empirical assessment of Brazil pp. 408-419

Joseph David Barroso Vasconcelos de Deus and Helder de Mendonça

Institutional versus non-institutional credit to agricultural households in India: Evidence on impact from a national farmers’ survey pp. 420-432

Anjani Kumar, Ashok Mishra, Sunil Saroj and P.K. Joshi

Economic growth, volatility and their interaction: What’s the role of finance? pp. 433-444

Sergio H.R. da Silva, Benjamin Tabak, Daniel Cajueiro and Dimas Fazio

Tradable and non-tradable expenditure and aggregate demand for imports in an emerging market economy pp. 445-455

Öner Günçavdı and Burç Ülengin

Charitable donations by China’s private enterprises pp. 456-469

Björn Gustafsson, Xiuna Yang, Gang Shuge and Dai Jianzhong

Volume 41, issue 2, 2017

City size and urban labor productivity in China: New evidence from spatial city-level panel data analysis pp. 165-178

Jie Chen and Qian Zhou

Determinants of the capital structure of Chinese non-listed enterprises: Is TFP efficient? pp. 179-202

Dongyang Zhang and Deqiang Liu

Regional unemployment disparities in China pp. 203-214

Tomoo Marukawa

What makes Islamic banks different? A multivariate approach pp. 215-235

Mohammad Bitar, Philippe Madiès and Ollivier Taramasco

Does easy availability of cash affect corruption? Evidence from a panel of countries pp. 236-247

Sunny Kumar Singh and Kaushik Bhattacharya

Pre-crisis reforms, austerity measures and the public-private wage gap in two emerging economies pp. 248-265

Jelena Nikolic, Ivica Rubil and Iva Tomić

Revisiting the relationship between suicide and unemployment: Evidence from linear and nonlinear cointegration pp. 266-278

Tsangyao Chang and Wen-Yi Chen

Asymmetric effects of exchange rate changes on Turkish bilateral trade balances pp. 279-296

Mohsen Bahmani-Oskooee and Ferda Halicioglu

An empirical test of the Balassa-Samuelson hypothesis: Evidence from eight middle-income countries in Africa pp. 297-304

Bernard Njindan Iyke and Nicholas Odhiambo

Bank ownership and cost efficiency: New empirical evidence from Russia pp. 305-319

Mikhail Mamonov and Andrei Vernikov

The impact of the US on Latin American business cycles: A new approach pp. 320-331

William Miles

Volume 41, issue 1, 2017

Boards of directors in Russian publicly traded companies in 1998–2014: Structure, dynamics and performance effects pp. 5-25

Alexander Muravyev

Incentives to innovate in response to competition: The role of agency costs pp. 26-40

Evguenia Bessonova and Ksenia Gonchar

The impact of financial and human resources on the export performance of Russian firms pp. 41-51

Sergey Kadochnikov and Anna Fedyunina

‘Sweet deals’: State-owned enterprises, corruption and repeated contracts in public procurement pp. 52-67

Andrey Tkachenko, Andrei Yakovlev and Aleksandra Kuznetsova

Political institutions behind good governance pp. 68-85

David Bartolini and Raffaella Santolini

Consumer cooperatives as an alternative form of governance: The case of the broadband industry pp. 86-97

Bert M. Sadowski

The time-varying correlation between output and prices in the United States over the period 1800–2014 pp. 98-108

Nikolaos Antonakakis, Rangan Gupta and Aviral Tiwari

Why is it a man’s world, after all? Women on bank boards in India pp. 109-121

Saibal Ghosh

Banking efficiency in South East Europe: Evidence for financial crises and the gap between new EU members and candidate countries pp. 122-138

Bashkim Nurboja and Marko Košak

The Feldstein-Horioka puzzle and capital mobility: The role of the recent financial crisis pp. 139-150

Boris But and Bruce Morley

Press freedom and jumps in stock prices pp. 151-162

Sara Abed Masrorkhah and Thorsten Lehnert

Volume 40, issue 4, 2016

The institutional basis of efficiency in resource-rich countries pp. 519-538

Christopher Hartwell

Institutional quality, banking marketization, and bank stability: Evidence from China pp. 539-551

Xiaohui Hou and Qing Wang

Do sovereign rating announcements have an impact on regional stock market co-movements? The case of Central and Eastern Europe pp. 552-567

Ahmet Sensoy, Veysel Eraslan and Mutahhar Erturk

Trade and fiscal imbalances in Southeastern Europe: Can fiscal devaluation help? pp. 568-581

Goran Vukšić and Mario Holzner

Globalization and the environmental impact of sectoral FDI pp. 582-594

Nadia Doytch and Merih Uctum

Credit cycle and balancing the capital gap: Evidence from Korea pp. 595-611

Joonhyuk Song and Doojin Ryu

Macroeconomic uncertainty, foreign direct investment and institutional quality: Evidence from Sub-Saharan Africa pp. 612-621

Michael Effah Asamoah, Charles Adjasi and Abdul Latif Alhassan

Impacts of implied volatility on stock price realized jumps pp. 622-630

Alex Huang

On the output and welfare effects of a non-profit firm in a mixed duopoly: A generalization pp. 631-637

Daniel Flores and Arturo Garcia

Inflation, inflation uncertainty, and economic growth in emerging and developing countries: Panel data evidence pp. 638-657

Ahmad Zubaidi Baharumshah, Ly Slesman and Mark Wohar

The collateral effects of political integration on credit growth in the new member states of the EU pp. 658-669

Andreas Hoffmann

Interest rates, the yield curve and bank profitability in an emerging market economy pp. 670-682

Resul Aydemir and Gokhan Ovenc

Gender equality in Muslim-majority countries pp. 683-698

Moamen Gouda and Niklas Potrafke

Volume 40, issue 3, 2016

The impact of knowledge spillovers on total factor productivity revisited: New evidence from selected European capital regions pp. 335-344

Paula Puškárová and Philipp Piribauer

Unravelling the asymmetric volatility puzzle: A novel explanation of volatility through anchoring pp. 345-354

Mihály Ormos and Dusan Timotity

Determinants of loan interest rates in a country with a currency board: Evidence from Bulgaria pp. 355-372

Mihail Mihaylov

The competitiveness of Latin-American economies: Consolidation of the double diamond theory pp. 373-386

Segundo Castro-Gonzáles, Jesus Vinces and Jorge Guillén

Bayesian combination for inflation forecasts: The effects of a prior based on central banks’ estimates pp. 387-397

Luis Melo-Velandia, Rubén Loaiza Maya and Mauricio Villamizar-Villegas

Bank risk and performance in the MENA region: The importance of capital requirements pp. 398-421

Mohammad Bitar, Wadad Saad and Mohammed Benlemlih

The effect of agglomeration on the productivity of urban manufacturing sectors in a leading emerging economy pp. 422-432

Mehdi Azari, Hakkon Kim, Jun Yeup Kim and Doojin Ryu

Exchange rates and firm survival: An examination with Turkish firm-level data pp. 433-443

Nazlı Toraganlı and Ege Yazgan

Mind the gap: Computing finance-neutral output gaps in Latin-American economies pp. 444-452

Juan S. Amador-Torres, Jose Gomez-Gonzalez, Jair Ojeda-Joya, Oscar F. Jaulin-Mendez and Fernando Tenjo-Galarza

Purchasing power parity in emerging markets: A panel stationary test with both sharp and smooth breaks pp. 453-460

Mohsen Bahmani-Oskooee, Tsangyao Chang and Kuei-Chiu Lee

Nonlinear monetary policy and macroeconomic stabilization in emerging market economies: Evidence from China pp. 461-480

Yong Ma

A coin has two sides: Which one is driving China’s green TFP growth? pp. 481-498

Guangtian Liu, Bing Wang and Ning Zhang

The simultaneous estimation of credit growth, valuation, and stability of the Gulf Cooperation Council banking industry pp. 499-518

Ritab Al-Khouri and Houda Arouri

Volume 40, issue 2, 2016

How did trade norms evolve in Scandinavia? Long-distance trade and social trust in the Viking age pp. 198-205

Gunnar Lind Haase Svendsen and Gert Svendsen

Accumulated social capital, institutional quality, and economic performance: Evidence from China pp. 206-219

Zhiqiang Dong and Yongjing Zhang

Fuelling political fiscal cycles by opportunistic privatization in transition economies: The case of Albania pp. 220-231

Endrit Lami, Drini Imami and Holger Kächelein

Does government ideology influence environmental performance? Evidence based on a new dataset pp. 232-246

Jun Wen, Yu Hao, Gen-Fu Feng and Chun-Ping Chang

Shutdown versus M&A: An empirical investigation of Slovenian incumbent firms’ responses to foreign competition pp. 247-259

Katja Zajc Kejžar

Understanding the link between aid and corruption: A causality analysis pp. 260-272

Audrey-Rose Menard and Laurent Weill

The link between trade openness, export diversification, institutions and output volatility in transition countries pp. 273-287

Merima Balavac and Geoff Pugh

FDI, human capital and income convergence—Evidence for European regions pp. 288-307

Dominik Völlmecke, Bjoern Jindra and Philipp Marek

Regulation, trade and economic growth pp. 308-322

Magdalene Silberberger and Jens Königer

Testing financial markets convergence in Central and Eastern Europe: A non-linear single factor model pp. 323-334

Mihai Niţoi and Maria Miruna Pochea

Volume 40, issue 1, 2016

Aging and income convergence in Europe: A survey of the literature and insights from a demographic projection exercise pp. 4-17

Jesus Crespo Cuaresma, Elke Loichinger and Gallina A. Vincelette

Courts in a transition economy: Case disposition and the quantity–quality tradeoff in Bulgaria pp. 18-38

Valentina Dimitrova-Grajzl, Peter Grajzl, Atanas Slavov and Katarina Zajc

Financial intermediation and economic growth: Does income matter? pp. 39-58

Ünal Seven and Ibrahim Yetkiner

A public firm in a vertically linked price discriminating spatial duopoly pp. 59-63

Hamid Beladi, Avik Chakrabarti and Daniel Hollas

Asymmetric growth effect of capital flows: Evidence and quantitative theory pp. 64-81

Yoke-Kee Eng and Chin-Yoong Wong

Forecasting the South African inflation rate: On asymmetric loss and forecast rationality pp. 82-92

Christian Pierdzioch, Monique Reid and Rangan Gupta

The resilience of oil-rich economies to the global financial crisis: Evidence from Kuwaiti financial and real sectors pp. 93-108

Ali Mirzaei and Ritab Salem Farhan Al-Khouri

The geographical spillover of armed conflict in Sub-Saharan Africa pp. 109-119

Fabrizio Carmignani and Parvinder Kler

Contagion in CDS, banking and equity markets pp. 120-134

Benjamin Tabak, Rodrigo de Castro Miranda and Maurício da Silva Medeiros

Spatial determinants of U.S. FDI and exports in OECD countries pp. 135-144

Inoussa Boubacar

Inflation targeting on output growth: A pulse dummy analysis of dynamic macroeconomic panel data pp. 145-169

Gustavo Jose de Guimaraes e Souza, Helder de Mendonça and Joaquim Pinto de Andrade

Retail bank interest rate pass-through in the euro area: An empirical survey pp. 170-194

Natalia Andries and Steve Billon