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Does corruption matter for stock markets? The role of heterogeneous institutions (2020)
Journal Article
Lakshmi, G., Saha, S., & Bhattarai, K. (2021). Does corruption matter for stock markets? The role of heterogeneous institutions. Economic modelling, 94, 386-400. https://doi.org/10.1016/j.econmod.2020.10.011

In examining the role of institutions in resisting corruption and its impact on growth, most studies concentrate on the aggregate level and conclude that sound institutions enhance growth. We focus instead on varying dimensions of heterogeneous insti... Read More about Does corruption matter for stock markets? The role of heterogeneous institutions.

Are global spillovers complementary or competitive? Need for international policy coordination (2020)
Journal Article
Mallick, S. K., Bhattarai, K., Mallick, S., & Yang, B. (2021). Are global spillovers complementary or competitive? Need for international policy coordination. Journal of International Money and Finance, 110, https://doi.org/10.1016/j.jimonfin.2020.102291

© 2020 Elsevier Ltd Advanced and emerging economies are becoming more interdependent with rapid pace of globalization of capital markets and technological innovations in recent years. We examine whether technology and monetary policy shocks get trans... Read More about Are global spillovers complementary or competitive? Need for international policy coordination.

Capital-skill complementarity and biased technical change across US sectors (2020)
Journal Article
Perez-Laborda, A., & Perez-Sebastian, F. (2020). Capital-skill complementarity and biased technical change across US sectors. Journal of Macroeconomics, 66, https://doi.org/10.1016/j.jmacro.2020.103255

The goal of this paper is two-fold. First, we reexamine the evidence for the capital-skill complementarity (CSC) and the skill-biased technological change (SBTC) hypotheses at the sectoral level in the US economy for the period 1970-2005. Second, we... Read More about Capital-skill complementarity and biased technical change across US sectors.

Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes (2020)
Journal Article
Bhattarai, K., & Ben-Naser, A. (2020). Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes. Journal of Development Economics and Finance, 1(1), 151-162

This study found evidence for a time-varying misalignments of equilibrium RER of the Libyan dinar. Markov switching model explains the overvaluation episodes during. Policy makers should urgently align the actual exchange rate very close to the movem... Read More about Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes.

Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices (2020)
Journal Article
Salisu, A. A., Salisu, A. A., Swaray, R., & Sa'id, H. (in press). Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.1944

We investigate the power of commodity prices to improve inflation forecast performance in 21 OECD countries, within the framework of commodity prices-augmented Phillips curve model. Using monthly data spanning over 57 years, we use single and multi-f... Read More about Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices.

The role of technological innovation in plastic production within a circular economy framework (2020)
Journal Article
Getor, R. Y., Mishra, N., & Ramudhin, A. (2020). The role of technological innovation in plastic production within a circular economy framework. Resources, Conservation and Recycling, 163, https://doi.org/10.1016/j.resconrec.2020.105094

The growing plastic waste problem has been highlighted by nature programmes like the British Broadcasting Corporation (BBC) War on Plastic series with the World Economic Forum (WEF) 2016 report estimating that by 2050, there could be more plastic tha... Read More about The role of technological innovation in plastic production within a circular economy framework.

Comparisons of deposit types and implications of the financial crisis: Evidence for U.S. banks (2020)
Journal Article
Glass, A. J., Glass, A. J., Kenjegaliev, A., & Kenjegalieva, K. (in press). Comparisons of deposit types and implications of the financial crisis: Evidence for U.S. banks. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.2172

This paper makes three diverse contributions. First, whereas the extant literature estimates a single elasticity of substitution/complementarity from an input distance function, we calculate a range of elasticities. Second, we make a substantive cont... Read More about Comparisons of deposit types and implications of the financial crisis: Evidence for U.S. banks.

Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis (2020)
Journal Article
Bhattarai, K., & Bhattarai, K. (2020). Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis. Journal of Development Economics and Finance, 1(1), 93-133

Goods and service tax (GST) introduced as a 'good and simple tax' on 1 July 2017 by the Modi government is the boldest measure of tax reform so far in India. The major aim of this paper is to evaluate the micro and macro impacts of the goods and serv... Read More about Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis.

Constitution, Institutions and A Model for Economic Development in Nepal (2020)
Journal Article
Bhattarai, K. (2020). Constitution, Institutions and A Model for Economic Development in Nepal. Asian Journal of Economics and Finance, 2(2), 119-151

Nepal made significant progress in removing monarchy and terrors of Maoists in the last decade. It however lacks a stable solution for speedier economic growth and development as the major political parties are still struggling to institutionalize th... Read More about Constitution, Institutions and A Model for Economic Development in Nepal.

Spatial scale and product mix economies in U.S. banking with simultaneous spillover regimes (2019)
Journal Article
Glass, A. J., Kenjegaliev, A., & Kenjegalieva, K. (2020). Spatial scale and product mix economies in U.S. banking with simultaneous spillover regimes. European journal of operational research, 284(2), 693-711. https://doi.org/10.1016/j.ejor.2019.12.036

© 2019 Elsevier B.V. The literature on bank scale economies focuses on the familiar type of returns to scale that are internal to the firm. Using a spatial approach, we analyze returns to scale for banks that are made up of external (i.e., spillover)... Read More about Spatial scale and product mix economies in U.S. banking with simultaneous spillover regimes.

Games of Two Halves: Non-Experimental Evidence on Cooperation, Defection and the Prisoner's Dilemma (2018)
Journal Article
Dobson, S., & Goddard, J. (2018). Games of Two Halves: Non-Experimental Evidence on Cooperation, Defection and the Prisoner's Dilemma. Review of Economic Analysis : REA Rimini Centre for Economic Analysis, 10(3), 285-312

We develop a stylized two-period game-theoretic model of the strategic choices made by soccer teams when selecting between defensive and attacking team formations, and between non-violent and violent styles of play. Cooperative behaviour during the e... Read More about Games of Two Halves: Non-Experimental Evidence on Cooperation, Defection and the Prisoner's Dilemma.

The labour market consequences of teenage childbearing (2018)
Journal Article
Silles, M. A. (2019). The labour market consequences of teenage childbearing. Contemporary Economic Policy, 37(4), 694-713. https://doi.org/10.1111/coep.12417

This paper provides estimates of the impact of an unanticipated child during adolescence on labour supply and earnings using data for women who gave birth between 1976 and 2015 drawn from the 1990 and 2000 censuses and the American Community Surveys.... Read More about The labour market consequences of teenage childbearing.

What drives vertical fiscal interactions? Evidence from the 1980 Crude Oil Windfall Act (2018)
Journal Article
Perez-Sebastian, F., & Raveh, O. (2018). What drives vertical fiscal interactions? Evidence from the 1980 Crude Oil Windfall Act. Regional Science and Urban Economics, 73, 251-268. doi:10.1016/j.regsciurbeco.2018.10.004

In economies with multi-level governments, why would a change in the fiscal rule of a government in one level lead to a fiscal response by a government in a different level? The literature focused primarily on the standard common-pool problem, while... Read More about What drives vertical fiscal interactions? Evidence from the 1980 Crude Oil Windfall Act.

U.S. stocks in the presence of oil price risk: Large cap vs. small cap (2017)
Journal Article
Swaray, R., Salisu, A. A., & Oloko, T. (2017). U.S. stocks in the presence of oil price risk: Large cap vs. small cap. Economics and business letters, 6(4), 116-124. https://doi.org/10.17811/ebl.6.4.2017.116-124

This study queries the act of making generalization about the dynamics of returns and volatility spillovers between oil price and U.S. stocks by merely considering only large cap stocks. It argues that this kind of generalization may be misleading, a... Read More about U.S. stocks in the presence of oil price risk: Large cap vs. small cap.

Impacts of Trump tax reforms on growth, inequality and debt (2017)
Journal Article
Bhattarai, K., Haughton, J. H., & Tuerck, D. (2017). Impacts of Trump tax reforms on growth, inequality and debt. 00 Journal not listed, 20-21

Reforming the tax system of the US has become a major policy agenda of the Trump administration. After months of negotiations the “Big Six”, including the Treasury Secretary, National Economic Director, Republicans in the House and the Senate are gra... Read More about Impacts of Trump tax reforms on growth, inequality and debt.

Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs (2017)
Journal Article
Bhattarai, K., Bachman, P., Conte, F., Haughton, J., Head, M., & Tuerck, D. G. (2018). Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs. Economic modelling, 68, (529-542). doi:10.1016/j.econmod.2017.08.031. ISSN 0264-9993

The two major candidates in the 2016 presidential election made sharply different proposals for reforming the Federal tax code. Donald Trump proposed cutting taxes to provide “tax relief for middle-class Americans”, and lowering corporation taxes to... Read More about Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs.

Incumbency and Distributive Politics: Intergovernmental Transfers in Mexico: Incumbency and Distributive Politics (2017)
Journal Article
Abbott, A., Cabral, R., & Jones, P. (2017). Incumbency and Distributive Politics: Intergovernmental Transfers in Mexico: Incumbency and Distributive Politics. Southern Economic Journal, 84(2), 484-503. https://doi.org/10.1002/soej.12226

In this article, the objective is to focus on the likelihood that politicians will rely on intergovernmental transfers to pursue political ambition. In what circumstances are incumbents more likely to rely on transfers to win votes, than to reward co... Read More about Incumbency and Distributive Politics: Intergovernmental Transfers in Mexico: Incumbency and Distributive Politics.

Community operational research and citizen science: two icons in need of each other? (2017)
Journal Article
Gregory, A. J., & Atkins, J. P. (2018). Community operational research and citizen science: two icons in need of each other?. European journal of operational research, 268(3), 1111-1124. doi:10.1016/j.ejor.2017.07.037

Citizen Science attracts a lot of positive attention and a convenient alignment with it might offer multiple benefits for Community Operational Research. But what would be the basis for such an alignment? Could it offer important reciprocal benefits... Read More about Community operational research and citizen science: two icons in need of each other?.

The intergenerational transmission of education : new evidence from adoptions in the United States (2017)
Journal Article
Silles, M. A. (2017). The intergenerational transmission of education : new evidence from adoptions in the United States. Economica, 84(336), 748-778. https://doi.org/10.1111/ecca.12240

This article examines the influence of parental education on children’s grade-for-age using a large sample of adoptees drawn from the American Community Survey between 2008 and 2014. The results show that mother’s education is not an important determ... Read More about The intergenerational transmission of education : new evidence from adoptions in the United States.