Wiley (Books and Journals)

• Oxford Bulletin of Economics and Statistics

We review key stages in the development of general‐to‐specific modelling (Gets). Selecting a simplified model from a more general specification was initially implemented manually, then through computer programs to its present automated machine learning role to discover a viable empirical model. Throughout, Gets applications faced many criticisms, especially from accusations of ‘data mining’—no...

• Oxford Bulletin of Economics and Statistics

We in this paper propose a new approach for estimating conditional mode non‐parametrically to capture the ‘most likely’ effect built on local linear approximation, in which a parametric pilot modal regression is locally adjusted through a kernel smoothing fit to potentially reduce the bias asymptotically without affecting the variance of the estimator. Specifically, we first estimate a parametric

• Oxford Bulletin of Economics and Statistics

In this paper, we maintain that the evolution of the realized volatility is characterized by a combination of high‐frequency dynamics and smoother, yet persistent, dynamics evolving at a lower frequency. We suggest a new Multiplicative Error Model which combines the mixed frequency features of a MIDAS at the monthly level with Markovian dynamics at the daily level. When estimated in‐sample on the

• Oxford Bulletin of Economics and Statistics

This article introduces machine learning techniques to identify politically connected firms. By assembling information from publicly available sources and the Orbis company database, we constructed a novel firm population dataset from Czechia in which various forms of political connections can be determined. The data about firms' connections are unique and comprehensive. They include political...

• Oxford Bulletin of Economics and Statistics

• Oxford Bulletin of Economics and Statistics

We study gender inequality in conference acceptance using data from the Irish Economic Association annual conference from 2016 to 2022, exploiting the introduction of anonymized submission in 2021 to study the effect of blinding. While no gender gap is observed in organizers' acceptance decisions, there is an indication of gender difference favouring the in‐group at the reviewer stage. In...

• Oxford Bulletin of Economics and Statistics

We apply a structural vectorautoregressive analysis to decompose fluctuations in the growth rate of industrial production and inflation precipitated by the COVID‐19 pandemic in the USA into aggregate demand, aggregate supply, and uncertainty shocks. While all three types of shocks contributed to output and inflation dynamics, the surge in economic uncertainty contributed to the decline in output...

• Oxford Bulletin of Economics and Statistics

This paper provides partial identification results for the marginal treatment effect (MTE) when the binary treatment variable is potentially misreported and the instrumental variable is discrete. Identification results are derived under smoothness assumptions. Bounds for both the case of misreported treatment and the case of no misreported treatment are derived. The identification results are...

• Oxford Bulletin of Economics and Statistics

This paper examines the impact of foetal exposure to air pollution from agricultural fires on Brazilian students' cognitive performance later in life. We rely on comparisons across children who were upwind and downwind of the fires while in utero to address concerns around sorting and temporary income shocks. Our findings show that agricultural fires increase PM2.5$$ {\mathrm{PM}}_{2.5} $$,...

• Scottish Journal of Political Economy

We investigate the effects of judicial efficiency on economic growth using a new dataset over the period 2010–2018 drawn by the European Union Justice Scoreboard. To do so, we estimate a growth equation controlling for alternative de facto judicial efficiency indicators. Our findings suggest that operational inefficiencies of judicial systems undermine economic growth, weakening its capability to

• Scottish Journal of Political Economy

This paper investigates the geopolitical risk spillovers among BRICS countries during the 1985–2022 period. We adopt the novel quantile frequency connectedness approach, which allows us to examine the risk transmission by frequency and quantile. The geopolitical risks spread more intensely among BRICS countries during extreme circumstances. The long‐term geopolitical risk spillovers are the main...

• Scottish Journal of Political Economy

This research analyzes the unequal impact of COVID‐19 on high‐skilled and low‐skilled labor in a dynamic stochastic general equilibrium (DSGE) model. The model is calibrated to fit Taiwan's economy and evaluates the effectiveness of various fiscal measures, including an increase in government spending, an increase in lump‐sum transfers, a disbursement of consumption vouchers, and an income tax...

• Scottish Journal of Political Economy

This paper investigates the impact of volatility in profitability shock, capital price distortion and adjustment costs on capital misallocation among Chinese industrial firms. We estimate a dynamic model pertaining firms' investment decision, incorporating institutional differences between state and private firms, so the model can reproduce salient features observed from Chinese firms. Our...

• Scottish Journal of Political Economy

In this paper, we build a simple endogenous growth model with labour and corporate taxes to investigate the asymmetric effects of tax policy over the growth trajectory. We employ a newly developed panel smooth transition model to empirically analyse a sample of 19 advanced economies over the 1961–2017 period. We find that both the asymmetric effects and the tax measures used are essential. We...

• Scottish Journal of Political Economy

• Scottish Journal of Political Economy

This paper proposes a measure of ‘equitability of taxation’, in the context of progressivity and the income tax. By postulating specifications of ‘extreme equitability’ and ‘extreme inequitability’ of a tax system, the paper advances a measure of tax equitability as the normalised area distance of a ‘tax concentration curve’ from its most inequitable version. The measure is derived, and a...

• The Modern Law Review

• The Modern Law Review

• The Modern Law Review

This article engages with a leading contemporary criticism of social and economic human rights, namely that because such rights are organised around sufficiency norms, they are ill‐equipped to challenge and overturn forms of material inequality. The sufficiency thesis raises issues around the nature of social rights and their capacity to deliver transformative change, and lays a direct challenge...

• The Modern Law Review

This article criticises the government's rejection of proposals by the Prison Reform Trust that would have extended self‐defence in householder cases to victims/survivors of domestic abuse. The authors argue that the Prison Reform Trust proposals should be enacted, and further supported by novel complementary reform of the option to retreat, and the exclusion of intoxicated mistaken belief in...

• The Modern Law Review

• The Modern Law Review

R (Crowter) v Secretary of State for Health and Social Care involved a legal challenge to the law on abortion under the Abortion Act 1967, on the basis that the disability ground ‘expresses’ a negative message about disabled people, based on negative stereotyping, and that this expression is incompatible with Articles 8 and 14 of the European Convention on Human Rights. The case is significant...

• The Modern Law Review

There is an emerging political consensus in the UK that greater devolution of spending powers will bring benefits in terms of reducing economic disparities between regions, enhancing social cohesion, and improving the economy's prospects for productivity, growth and the transition to net zero. The Subsidy Control Act 2022 is thought to be key to achieving this by providing public authorities with

• The Modern Law Review

The law of treason has been criticised for being based on ‘outdated’ statutes which are inflexible and unsuitable for modern needs. However, a historical examination of the evolution of treason in Britain and its empire suggests that the law was often adaptable. In nineteenth century England, jurists wished to rein in older constructive treasons, to leave the 1351 Act as the appropriate law for...

• The Modern Law Review

Motions in the UK and Scottish Parliaments demanding the publication of legal advice to government from its Law Officers have tested the Law Officers’ Convention that the existence and content of their advice is only disclosed exceptionally. They have demonstrated government relying on the Convention and legal professional privilege (LPP) to resist disclosure. This article provides the first...

• The Modern Law Review

Regardless of economic cycles, financial regulation can be understood to be bound by an uncomfortable social policy trilemma. When faced with 1) providing market integrity, 2) fostering innovation, and 3) enabling financial inclusion, regulators have long been able to achieve, at best, only two of these three goals. Often the result of this trilemma are choices made in the name of consumer and...

• The Modern Law Review

This article presents a general account of xenophobic discrimination in international law. It shows that the dominant grounds‐based approach to addressing xenophobic discrimination as either (i) racial discrimination or (ii) discrimination based on nationality or citizenship, fails to capture what is wrong about xenophobic discrimination. Likewise, the suggestion to address xenophobic...

• The Modern Law Review

In Basfar v Wong a majority of the UK Supreme Court decided that the exploitation of labour in circumstances of modern slavery constitutes ‘exercising’ a ‘commercial activity’ for the purposes of the exception to diplomatic immunity contained in Article 31(1)(c) of the Vienna Convention on Diplomatic Relations. The case is the first time a senior court anywhere in the world has adopted such an...

• British Journal of Industrial Relations

• British Journal of Industrial Relations

This study focuses on the consequences of the use of computerized work equipment (hereafter: computer use) on the content and quality of work. It investigates, first, the relationship between computer use and both job tasks and task discretion and, second, their mediating role for the relationship between computer use and job satisfaction. With our German‐UK comparison, we contribute to the long‐s