📈 Category

econ

1140 papers

📈 economics

Real Options Valuation Framework for Emerging Technologies in A/E/C Projects Under Structural Uncertainty: Stochastic Parametric Integration and Evidence from Peru

This paper proposes an integrated Real Options Analysis framework combining Black-Scholes-Merton and Cox-Ross-Rubinstein models with stochastic parametric cost formulas to demonstrate that, unlike traditional Discounted Cash Flow methods which systematically undervalue emerging technologies in Peruvian A/E/C projects, this approach captures significant managerial flexibility and option value under high structural uncertainty, potentially transforming negative net present value projects into highly profitable investments.

PAUL RICARDO PRUDENCIO GALVEZ2026-06-30
📈 economics

ESG Performance as a Risk Governance Mechanism: Evidence from Chinese Listed Firms

This study demonstrates that superior ESG performance significantly reduces corporate risk-taking among Chinese listed firms by enhancing internal control quality and information transparency, with this risk-mitigating effect being particularly pronounced in environments characterized by weaker audit quality and limited analyst coverage.

Ke Li, Zonghong Dai, Shuang Yan Dai, Shuaiqi Zhang, Zhijian Wang, Hong Qing2026-06-30
📈 economics

The Global Economic Case for Immediate and Continuous Coastal Adaptation

This study demonstrates that immediate and continuous coastal adaptation is economically optimal for a significant portion of the global coastline, with 28% requiring action now and 31% by 2150, primarily through retreat and protection strategies that, if unaddressed, will disproportionately burden the Global South.

Vanessa Völz, Jochen Hinkel, Daniel Lincke, Lars Honsel, Athanasios Vafeidis, Sebastiano Bacca2026-06-30
📈 economics

Time-Varying Monetary–Fiscal Policy Interaction and Inflation Dynamics: Evidence from Indonesia using a TVP-VAR-SV Approach

Using a Time-Varying Parameter Vector Autoregression with Stochastic Volatility (TVP-VAR-SV) framework on Indonesian data from 2000 to 2025, this study finds that inflation dynamics have increasingly shifted from monetary to fiscal drivers, particularly following the post-pandemic fiscal expansion, thereby validating the Fiscal Theory of the Price Level and suggesting that effective monetary normalization requires coordinated fiscal consolidation.

Abul Hasan Umar, Firman Taufik, Sulaiha Ali2026-06-30
📈 economics

Evidence of the Existence and Significance of Political Business Cycles in South Africa

Using a quantile regression framework, this study finds that South Africa exhibits a fragmented political business cycle where fiscal authorities pursue expansionary policies during elections while monetary authorities adopt contractionary measures to maintain stability, with both effects being moderate, heterogeneous, and significantly constrained by institutional quality and government effectiveness.

Khwazi Magubane2026-06-29