Catalogue Search | MBRL
Are you sure you want to remove the book from the shelf?
{{itemTitle}}
8,674
result(s) for
"Wirkungsanalyse"
Sort by:
Micro and Macroeconomic Impact of the EU Energy Policy
For several years, humanity has been going through a kaleidoscope of crises (global economic and financial, health, of the development model to be followed, geo-strategic, in terms of people's living standards and, last but not least, energetic) all categories of stakeholders being obliged to answer them as adequately as possible. Both those who are positioned at the level at which public policies are drawn up and implemented, the representatives of the economic and social environment but also those from the academic and scientific environment, need to identify both the systemic risks and the valuable opportunities that can be internalised, to conceive directions of action, and compose the set of mechanisms and tools with the help of which it is possible to act in a new logic of costefficiency type. The decision-makers at the level of the community bodies of the European Union, as well as those of the member countries of this integrationist grouping referential for the global economic picture, must decide on the preferred path for the future economic evolution, one centred on economic and social cohesion or one centered on competitiveness. Any of the two strategic alternatives cannot ignore the energy factor, a provocative one, dependent on several parameters and with very large amplitude driving effects on the entire European and international societal picture
Journal Article
The state of labour : the global financial crisis and its impact
This book analyses the adverse effects of globalisation and liberalisation - manifest in the increased financialisation of capital and the concomitant global financial crisis - on the labour force in different countries, especially the developing ones. It also critically re-assesses the role of informal sector in providing employment, and the potential of trade unions in protecting workers' interests.
Book
Synthetic Difference-in-Differences
We present a new estimator for causal effects with panel data that builds on insights behind the widely used difference-in-differences and synthetic control methods. Relative to these methods we find, both theoretically and empirically, that this “synthetic difference-in-differences” estimator has desirable robustness properties, and that it performs well in settings where the conventional estimators are commonly used in practice. We study the asymptotic behavior of the estimator when the systematic part of the outcome model includes latent unit factors interacted with latent time factors, and we present conditions for consistency and asymptotic normality.
Journal Article
A New Livestream Retail Analytics Framework to Assess the Sales Impact of Emotional Displays
At the intersection of technology and marketing, this study develops a framework to unobtrusively detect salespeople's faces and simultaneously extract six emotions: happiness, sadness, surprise, anger, fear, and disgust. The authors analyze 99,451 sales pitches on a livestream retailing platform and match them with actual sales transactions. Results reveal that each emotional display, including happiness, uniformly exhibits a negative U-shaped effect on sales over time. The maximum sales resistance appears in the middle rather than at the beginning or end of sales pitches. Taken together, the results show that in one-to-many screen-mediated communications, salespeople should sell with a straight face. In addition, the authors derive closed-form formulae for the optimal allocation of the presence of a face and emotional displays over the presentation span. In contrast to the U-shaped effects, the optimal face presence wanes at the start, gradually builds to a crescendo, and eventually ebbs. Finally, the study shows how to objectively rank salespeople and circumvent biases in performance appraisals, thereby making novel contributions to people analytics. This research integrates new types of data and methods, key theoretical insights, and important managerial implications to inform the expanding opportunity that livestream e-commerce presents to marketers to create, communicate, deliver, and capture value.
Journal Article
WTO Accession and Performance of Chinese Manufacturing Firms
We examine the effects of trade liberalization in China on the evolution of markups and productivity of manufacturing firms. Although these dimensions of performance cannot be separately identified when firm output is measured by revenue, detailed price deflators make it possible to estimate the average effect of tariff reductions on both. Several novel findings emerge. First, cuts in output tariffs reduce markups, but raise productivity. Second, pro-competitive effects are most important among incumbents, while efficiency gains dominate for new entrants. Third, cuts in input tariffs raise both markups and productivity. We highlight mechanisms that explain these findings in the Chinese context.
Journal Article
Using Synthetic Controls
Probably because of their interpretability and transparent nature, synthetic controls have become widely applied in empirical research in economics and the social sciences. This article aims to provide practical guidance to researchers employing synthetic control methods. The article starts with an overview and an introduction to synthetic control estimation. The main sections discuss the advantages of the synthetic control framework as a research design, and describe the settings where synthetic controls provide reliable estimates and those where they may fail. The article closes with a discussion of recent extensions, related methods, and avenues for future research.
Journal Article
Social Media and Mental Health
We provide quasi-experimental estimates of the impact of social media on mental health by leveraging a unique natural experiment: the staggered introduction of Facebook across US colleges. Our analysis couples data on student mental health around the years of Facebook’s expansion with a generalized difference-in-differences empirical strategy. We find that the rollout of Facebook at a college had a negative impact on student mental health. It also increased the likelihood with which students reported experiencing impairments to academic performance due to poor mental health. Additional evidence on mechanisms suggests the results are due to Facebook fostering unfavorable social comparisons.
Journal Article
A Behavioral New Keynesian Model
This paper analyzes how bounded rationality affects monetary and fiscal policy via an empirically relevant enrichment of the New Keynesian model. It models agents’ partial myopia toward distant atypical events using a new microfounded “cognitive discounting” parameter. Compared to the rational model, (i) there is no forward guidance puzzle; (ii) the Taylor principle changes: with passive monetary policy but enough myopia equilibria are determinate and economies stable; (iii) the zero lower bound is much less costly; (iv) price-level targeting is not optimal; (v) fiscal stimulus is effective; (vi) the model is “neo-Fisherian” in the long run, Keynesian in the short run.
Journal Article
What Do Trade Agreements Really Do?
Economists have a tendency to associate “free trade agreements” all too closely with “free trade.” They may be unaware of some of the new (and often problematic) beyond-the-boarder features of current trade agreements. As trade agreements have evolved and gone beyond import tariffs and quotas into regulatory rules and harmonization— intellectual property, health and safety rules, labor standards, investment measures, investor–state dispute settlement procedures, and others—they have become harder to fit into received economic theory. It is possible that rather than neutralizing the protectionists, trade agreements may empower a different set of rent-seeking interests and politically well-connected firms—international banks, pharmaceutical companies, and multinational firms. Trade agreements could still result in freer, mutually beneficial trade, through exchange of market access. They could result in the global upgrading of regulations and standards, for labor, say, or the environment. But they could also produce purely redistributive outcomes under the guise of “freer trade.” As trade agreements become less about tariffs and nontariff barriers at the border and more about domestic rules and regulations, economists might do well to worry more about the latter possibility.
Journal Article