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Miracle, or marginal gain?

A study by MIT economists suggests that industrial policy has a relatively limited impact on GDP growth, with average long-run gains of 1.08% in favorable circumstances. The research indicates that local consumer demand can curb the impact of industrial policy, putting a ceiling on directed growth.

SourceMassachusetts Institute of Technology·JournalJournal of Political Economy·DateDec 18, 2024

Smart researchers unveil study linking EV charging stations to increased local business activity

A study by Singapore-MIT Alliance for Research and Technology found that installing EVCS boosted spending at nearby establishments by 1.4% in 2019, leading to an overall increase of USD 6.7 million. Strategically placed EVCS also stimulated consumer spending in underprivileged areas, creating potential catalysts for economic growth.

SourceSingapore-MIT Alliance for Research and Technology (SMART)·JournalNature Communications·TypeData/statistical analysis·DateSep 10, 2024

Lack of competition between petrol stations hits households most in poorest areas

Households in low-income areas face higher petrol price increases when rival fuel stations close compared to high-income areas. Despite new station openings, low-income areas do not benefit from the same drop in prices. The study found that larger chains respond with higher price increases following a rival's exit.

SourceUniversity of East Anglia·JournalJournal of Industrial Economics·TypeData/statistical analysis·DateAug 29, 2024

Russian invasion of Ukraine could have lasting impacts on global economy, environment

Researchers project significant short-term impacts of the Russian invasion on global timber markets, but also warn of long-term effects on the economy and environment. The study predicts that some product markets may not recover from the invasion, leading to increased production in other countries and potential environmental harm.

SourceNorth Carolina State University·JournalForest Policy and Economics·TypeData/statistical analysis·DateAug 9, 2024

Natural born consumers

A study published in Nature Human Behaviour found that prehistoric Europeans spent on small everyday expenses more often than large ones, consistent with modern Western economies. The researchers also discovered metal fragments circulated as money around 1,500 BC, supporting the idea of a market economy from an early stage.

SourceUniversity of Göttingen·JournalNature Human Behaviour·TypeData/statistical analysis·DateAug 1, 2024

Good lives can be provided to the whole world’s population while reducing environmental damage

A new study suggests that ending mass human deprivation and providing good lives for the whole world's population can be achieved while reducing environmental damage. The research proposes that only 30% of current global resources and energy use are required to provide universal access to basic goods and services.

SourceUniversitat Autonoma de Barcelona·JournalWorld Development Perspectives·TypeData/statistical analysis·DateJul 25, 2024

New research casts doubt over cryptocurrencies’ ‘safe haven’ properties

A recent study published in the International Review of Financial Analysis suggests that cryptocurrencies are not completely disconnected from economic risks. The research found that during turbulent periods like the COVID-19 pandemic and Ukraine war, cryptocurrency prices experienced increased volatility.

SourceBangor University·JournalInternational Review of Financial Analysis·TypeData/statistical analysis·DateJun 21, 2024

How an Indian government policy backfired: the unintended consequences of price regulation of prescription drugs

A new study found that India's Drug Price Control Order in 2013 led to a shift in pharmaceutical firms' marketing efforts, disproportionately affecting prescriptions issued by less formally educated physicians. Sales volumes of regulated drugs declined, while those for unregulated but related drugs increased.

SourceAmerican Marketing Association·JournalJournal of Marketing·DateJun 4, 2024

Switch to green wastewater infrastructure could reduce emissions and provide huge savings according to new research

A new study from Colorado State University suggests that transitioning to green wastewater-treatment approaches, financed through carbon markets, could save $15.6 billion and reduce CO2-equivalent emissions by 30 million tonnes over 40 years. The research explores the potential economic tradeoffs of switching to green infrastructure an...

SourceColorado State University·JournalCommunications Earth & Environment·DateApr 15, 2024

Companies ignoring climate risks get punished by markets, new study reveals

A recent study from the University of Florida found that companies ignoring climate risks tend to face market penalties, whereas those proactively managing risks fare better. The research analyzed textual data from nearly 5,000 US public companies and discovered a costly divide between proactive and non-proactive firms.

SourceUniversity of Florida·JournalReview of Financial Studies·TypeData/statistical analysis·DateApr 2, 2024

The future is likely less skiable, thanks to climate change

A new study predicts that climate change will lead to a significant reduction in natural snow cover days globally, with popular ski hubs moving to remote areas. The European Alps, Australian Alps, and Japanese Alps are expected to experience the most decline, threatening local livelihoods and ecosystems.

SourcePLOS·JournalPLOS ONE·TypeObservational study·DateMar 13, 2024

WVU research shows government regulation of jobs hinders workers and consumers

West Virginia University researchers introduced a new database showing occupational licensing's impact on the workforce, highlighting how licenses increase cost and time to enter professions, affecting consumers. The database encompasses 50 jobs across all 50 states, providing insights into licensing standards, fees, and requirements.

SourceWest Virginia University·JournalJournal of Entrepreneurship and Public Policy·DateMar 4, 2024

Entrepreneurship on the periphery: between precarious work and the search for a meaningful life

A Brazilian study analyzed how low-income communities deal with the effects of the economic crisis in São Paulo city. The research found that entrepreneurship is a main strategy used by members of poor communities to participate in the economy, with over 15 million people registered as micro-entrepreneurs nationwide.

SourceFundação de Amparo à Pesquisa do Estado de São Paulo·JournalInternational Journal of Urban and Regional Research·DateFeb 16, 2024

Does self-checkout impact grocery store loyalty?

Research from Drexel University finds that customers are more likely to remain loyal to a grocery store when using regular checkout service. The perceived ease of checkout, sense of entitlement, and number of items purchased play a role in explaining the effect of loyalty.

SourceDrexel University·JournalJournal of Business Research·DateJan 4, 2024

More is not always better

A new framework demonstrates that proportionately more multi-homing consumers lead to significant efficiency gains when integrating two business platforms. However, this trend also creates higher barriers to entry for new platform firms and may require policy guidance to mitigate potential harms of platform mergers.

SourceKyoto University·JournalJournal of Industrial Economics·TypeComputational simulation/modeling·DateNov 22, 2023

Researchers propose a unified, scalable framework to measure agricultural greenhouse gas emissions

Researchers developed a scalable framework to quantify field-level agricultural carbon outcomes, integrating sensing techniques and advanced ecosystem models. The study provides a reliable method for measuring individual farm field-level greenhouse gas emissions and offers insights into the impact of farming practices on climate change.

SourceUniversity of Illinois at Urbana-Champaign, News Bureau·TypeComputational simulation/modeling·DateOct 2, 2023

New study highlights feasibility and optimization of ammonia-based power generation for carbon neutrality

A recent study evaluates the feasibility of ammonia-based power generation through techno-economic and carbon footprint analyses. The research reveals an impressive energy efficiency rate of 46.7% within the designed power generation process, with costs and greenhouse gas emissions considered.

SourceUlsan National Institute of Science and Technology(UNIST)·JournalChemical Engineering Journal·DateSep 8, 2023

Three out of every ten meals ordered from the main food delivery app in Brazil come from dark kitchens

A study in Brazil found that 35.4% of restaurants on a popular food delivery app are 'dark kitchens' with no direct contact with consumers, serving mainly Brazilian food at lower costs. The research highlights health and safety issues, consumer perceptions, and the need for legal viability to ensure sanitary inspection.

SourceFundação de Amparo à Pesquisa do Estado de São Paulo·JournalFood Research International·DateAug 3, 2023

Employment dynamics: a closer look at rising exports and ICT penetration

The article explores how export diversification and ICT shape employment patterns, with research highlighting the importance of diversified trade baskets to minimize economic uncertainties. Tailored trade policies can unlock employment opportunities for both high-skilled and low-skilled workers, fostering sustainable growth.

SourceWorld Scientific·JournalJournal of International Commerce Economics and Policy·DateJul 26, 2023

Bridging traditional economics and econophysics

Researchers from Complexity Science Hub highlight similarities in models used by economists and physicists to analyze financial markets. The study aims to create an overview of these models, promoting interdisciplinary collaboration and avoiding research that gets lost in translation.

SourceComplexity Science Hub·JournalJournal of Economic Interaction and Coordination·TypeSystematic review·DateJun 19, 2023

Sanctions on Russia’s businesses haven’t worked

New research on Russia's sanctions reveals that targeted firms temporarily suffered modest losses but eventually adapted by reorganizing subsidiaries, altering supply chains, or seeking government support. This suggests that economic sanctions are unlikely to deter or reverse aggressive actions by other countries.

SourceUniversity of Florida·JournalJournal of Management Studies·TypeData/statistical analysis·DateJun 5, 2023