World Economics Journal Archive

The contents of all previous issues of World Economics are listed below. Subscribers have access to the complete back issue archive: click on titles to view abstracts and full text of articles (PDF). If you are not a subscriber please visit our online store to order a subscription.


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Measuring the Impact of Terror Measuring the Impact of Terror: An Event Study of the Tel Aviv Stock Exchange
Piotr Konwicki, World Economics, March 2018
Events observed in Israel include terror attacks, controversial elections and unexpected wars, the impact of which can be analysed on the Tel Aviv Stock Exchange in terms of abnormal returns. Results show that defence and high-tech industries react positively to these e ... More


Commercial Real Estate Data - New Demands, Old Challenges Commercial Real Estate Data - New Demands, Old Challenges
David Rees, World Economics, March 2018
The global financial crisis, followed by a global portfolio shift towards commercial real estate, has reinforced the demand for timely, consistent and transparent valuation metrics and transactions data. Current initiatives at global, country and market level are addres ... More


Using Price-Adjusted Income Data to Measure Regional Income Inequality Across the UK Using Price-Adjusted Income Data to Measure Regional Income Inequality Across the UK
Julian Gough, World Economics, March 2018
Data for gross disposable household income for each region of the UK are published annually by the Office for National Statistics. The latest provisional data available are for the year 2015. The annual data for household income are in nominal terms only—i.e. they do no ... More


Cultural Data Mirror International Structural Economic Differences Cultural Data Mirror International Structural Economic Differences
Colin Ellis & Oleg Oleksiy, World Economics, March 2018
Data on cultural differences between countries based on the definitions developed by Geert Hofstede are now available for more than 80 countries. Data on six structural economic indicators published by the World Bank—ease of doing business, enforcement of contracts, con ... More


The Knowledge Economy in Historical Perspective The Knowledge Economy in Historical Perspective
Ralph Hippe & Roger Fouquet, World Economics, March 2018
The knowledge economy provides huge opportunities for economic growth and to become the cornerstone of future economic development by turning data into wisdom or human capital. Education, one aspect of the knowledge economy, exhibits a history divided into three stages ... More


The Financial Crisis and Gender: Assessing Changes in Workforce Participation for Rural India The Financial Crisis and Gender: Assessing Changes in Workforce Participation for Rural India
Siddhartha K. Rastogi & Pradyun Rame Mehrotra, World Economics, March 2018
Labour market data in India shows female participation declining as GDP has increased, a phenomenon found in other East Asian economies over past two decades. This contradicts empirical observations, which argue over the feminization of the work force due to participati ... More


Debunking the Relevance of the Debt-to-GDP Ratio Debunking the Relevance of the Debt-to-GDP Ratio
Arturo C. Porzecanski, World Economics, March 2018
Historical experience does not confirm the simplistic notion that the heavier the burden of the public debt relative to GDP, the greater is the risk that governments will encounter debt-servicing difficulties. In 25 government defaults that occurred during 1998-2017, th ... More


The World Economy The World Economy: Over Half a Century of Near Continuous Growth
Ed Jones, World Economics, March 2018
The World Economy has grown for 57 out of the past 58 years, only the great recession of 2009 saw an interruption in over half a century of continuous growth. Over the whole of the last 5 decades, annual real GDP growth has averaged 3.2%, and 1.6% in per capita terms. G ... More


Evaluating the Impact of Trade on Development Evaluating the Impact of Trade on Development
Brian Sturgess & Oni Oviri, World Economics, March 2018
The main conclusions of the theory of comparative advantage is powerful and inescapable – restrictions on trade harm economic welfare. The principle of comparative advantage shows that trade enables one-off welfare gains, but the impact of international trade on prospe ... More


Trumponomics and Taxation Trumponomics and Taxation
World Economics, March 2018
At the end of 2017 President Trump signed into law the Tax Cuts and Jobs Act which Republican supporters argue would transform the US economy and stimulate an enduring increase in the rate of economic growth. The motivation behind the legislation appears to be the beli ... More