econ papers | Gist.Science

How Local Should an AVM Be? Spatial Resolution, Market Regionalization in Automated Valuation Models

This paper reframes the locality of Automated Valuation Models (AVMs) as a partial-pooling problem involving spatial resolution, market regionalization, and external anchors, demonstrating through a comprehensive analysis of Korean commercial property transactions that while an optimal spatial resolution exists and regionalization improves accuracy, these mechanisms are only partially interchangeable and external anchors can significantly alter model selection and performance.

Dahoon Kim2026-08-24

📈 economics

Shocks in the Chain: How Exchange Rate Volatility Disrupts Value-Added Trade

This paper utilizes a Panel VAR framework with GARCH-based volatility measures to demonstrate that exchange rate volatility disproportionately and persistently disrupts foreign and re-imported domestic value-added components of global value chains compared to directly absorbed value-added, highlighting the critical need for macro-stabilization policies and hedging instruments for deeply integrated economies.

Kaveri Deb, William R. Hauk2026-08-24

📈 economics

Climate Transition Pressure, Digital Capability, and Enterprise Risk Governance

This study analyzes Chinese A-share listed companies from 2011 to 2023 to demonstrate that digital transformation significantly mitigates enterprise climate transition risk by enhancing carbon disclosure, promoting green innovation, and strengthening supply chain resilience, with effects varying across ownership, industry, and regulatory contexts.

Yuanjun Li, Zhi Li, Guoxiang Li2026-08-24

📈 economics

Costly Signals, Contested Rewards: Carbon Pricing Stringency and the Allocation of Multilateral Climate Finance

This paper finds that multilateral climate finance donors reward only high-stringency carbon pricing policies with increased non-concessional loans, while low-stringency adoption yields no such benefit and both types of adoption are associated with a decline in grant finance.

Quoc Lap Nguyen2026-08-24

📈 economics

Gold as a Financial Network: The Financialization of Gold through ETFs, Mining Equities and Tokenized Assets

This paper utilizes a time-varying parameter vector autoregressive framework to demonstrate that gold has evolved from a physical commodity into a tightly interconnected financial network, where price discovery and shock transmission have shifted toward exchange-traded and tokenized assets, with GLD acting as the primary net transmitter and physical gold as a net receiver.

Arif Billah Dar, Isha Kumari, Safika Praveen Sheikh2026-08-24

📈 economics

Rural Food (In)security, Out-migration and Remittance Nexus: Evidence from Rural Mid-Hills of Nepal

This study of rural households in Nepal's mid-hills reveals that out-migration and remittance inflows paradoxically increase food insecurity by depleting agricultural labor and failing to provide consistent financial support, necessitating policy interventions focused on productive remittance use and agricultural market development.

Ishwor Barshila, Katsuhito Fuyuki, Eustadius Francis Magezi, Sridhar Thapa2026-08-24

📈 economics

Shear-Thickening Markets: State-Dependent Liquidity Frictions and Endogenous Tail Risk

This paper proposes a state-dependent liquidity framework where transaction costs rise only when aggressive order flow exceeds durable market depth, demonstrating through historical evidence and simulations that such adaptive, convex pricing mechanisms can effectively mitigate endogenous tail risk and transitory price errors compared to flat fees.

Max Fomitchev-Zamilov2026-08-24

📈 economics

Rebalancing Advertising-Financed Media Markets in the Digital Era: A Recursive-Dynamic CGE Analysis

This paper employs a recursive-dynamic CGE model calibrated for Türkiye to demonstrate that while direct advertising reallocation significantly boosts traditional media output at a modest cost to the digital sector, the optimal balance between cultural financing and digital opportunity costs is determined by instrument design—specifically through levy-recycling and revenue-neutral hybrid mechanisms—rather than the intensity of transfers.

Kamil TASCI2026-08-24

📈 economics

Unveiling the Barriers to Brazilian Startups' Global Expansion

This study utilizes Leonidou's (2004) framework and interviews with 26 stakeholders to identify and categorize the critical barriers hindering Brazilian startups' global expansion, highlighting five key challenges including opportunity identification, capital shortages, personnel gaps, insufficient government support, and cultural differences to guide strategic solutions.

Jamil Ramsi Farkat Diogenes, Ivan Bolis, Sandra Naomi Morioka, Aline Silva Mello Cesar, Mateus Cecílio Gerolamo2026-08-24

📈 economics

Hydrogen Intensity Hinders Expansion of Experimental Evidence from China: Insights from the Miscalculation Improvement Framework

This study investigates the impact of hydrogen production systems and solid oxide fuel cell performance on green innovation in the Czech manufacturing sector from 2004 to 2022, finding that while mature firms and favorable policy and market conditions generally promote sustainable growth through positive spillovers, regional disparities and specific linkage limitations exist.

Muhammad Sibt, Muttahir Hussain2026-08-22

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