综合经济学
The article discusses the controversy over infinite growth. It analyzes the two dominant perspectives on economic growth and finds them based on a limited and subjective view of reality. An examination of the principal aspects of economic…
We document that existing gender equality indices do not account for gender-specific mandatory peace-time conscription (compulsory military service). This suggests that gender-specific conscription is not considered to be an important…
This study focuses on the impact of digital finance on households. While digital finance has brought financial inclusion, it has also increased the risk of households falling into a debt trap. We provide evidence that supports this notion…
We show that public firm profit rates fell by half since 1980. Inferred as the residual from the rise of US corporate profit rates in aggregate data, private firm profit rates doubled since 1980. Public firm financial returns matched their…
We analyze the link between standardization and economic growth by systematically reviewing leading economics journals, leading economic growth researchers' articles, and economic growth-related books. We make the following observations: 1)…
We recall the historically admitted prerequisites of Economic Freedom (EF). We have examined 908 data points for the Economic Freedom of the World (EFW) index and 1884 points for the Index of Economic Freedom (IEF); the studied periods are…
This paper investigates the impact of Social Discount Rate (SDR) choice on intergenerational equity issues caused by Public-Private Partnerships (PPPs) projects. Indeed, more PPPs mean more debt being accumulated for future generations…
China and India, the world's two most populous developing economies, are also among the world's largest automotive markets and carbon emitters. To reduce carbon emissions from the passenger car sector, both countries have considered various…
What happens to mining when the Bitcoin price changes, when there are mining supply shocks, the price of energy changes, or hardware technology evolves? We give precise answers based on the technical forces and incentives in the system. We…
There is an emerging consensus in the literature that locally embedded capabilities and industrial know-how are key determinants of growth and diversification processes. In order to model these dynamics as a branching process, whereby…
We analyse the money-financed fiscal stimulus implemented in Venice during the famine and plague of 1629--31, which was equivalent to a 'net-worth helicopter money' strategy -- a monetary expansion generating losses to the issuer. We argue…
China has been developing very fast since the beginning of the 21st century. The net income of households has been increased a lot as well. Nonetheless, migration from rural areas to urban sectors tends to keep a high saving rate instead of…
Given limited supply of approved vaccines and constrained medical resources, design of a vaccination strategy to control a pandemic is an economic problem. We use time-series and panel methods with real-world country-level data to estimate…
State governments in the U.S. have been facing difficult decisions involving tradeoffs between economic and health-related outcomes during the COVID-19 pandemic. Despite evidence of the effectiveness of government-mandated restrictions…
This paper investigates the impact of Reconstruction-era amnesty policy on the officeholding and wealth of elites in the postbellum South. Amnesty policy restricted the political and economic rights of Southern elites for nearly three years…
In many countries, real estate appraisal is based on conventional methods that rely on appraisers' abilities to collect data, interpret it and model the price of a real estate property. With the increasing use of real estate online…
Centralized monetary policy, leading to persistent inflation, is often inconsistent, untrustworthy, and unpredictable. Algorithmic stablecoins enabled by blockchain technology are promising in solving this problem. Algorithmic stablecoins…
In this comment, I revisit the question raised in Karadja and Prawitz (2019) concerning a causal relationship between mass emigration and long-run political outcomes. I discuss a number of potential problems with their instrumental variable…
In 1950, Alan Turing proposed an imitation game as the ultimate test of whether a machine was intelligent: could a machine imitate a human so well that its answers to questions indistinguishable from a human. Ever since, creating…
Large scale directed energy offers the possibility of radical transformation in a variety of areas, including the ability to achieve relativistic flight that will enable the first interstellar missions, as well as rapid interplanetary…