RSS 1.0Lodz Economics Working Papers
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Who Bears the High Costs of Mental Health Problems in the Labour Force?
(2024-06)The prevalence of mental conditions is high and tends to increase in the population and for young people, in particular, which indicates that the problem of mental health in the workforce will be growing at a fast pace. ... -
Cross-Country Variation in Economic Preferences and the Asset Composition of International Investment Positions
(Uniwersytet Łódzki, Wydział Ekonomiczno-Socjologiczny, 2022-12)A stylized fact of international capital markets is that advanced countries tend to be long and developing countries short in risky assets (i.e., portfolio equity and foreign direct investment (FDI)). In other words, ... -
The Net Effect of Wealth on Health for Non-Communicable Diseases
(Uniwersytet Łódzki, Wydział Ekonomiczno-Socjologiczny, 2022-09)The wealth–health relationship is not unambiguous and constant. Indeed, a higher level of wealth affects individual and population health in two opposite ways. Increased risk factors raise the probability of some diseases ... -
Model specification, data selection, and the employment effect of minimum wage
(2022-05)This study aims to show that the effect of minimum wage on employment highly depends on the model specification. To verify this hypothesis, we use a publicly available dataset on employment and minimum wage from the article ... -
The European Union and Within-Country Income Inequalities. The Case of the New Member States
Serwach, Tomasz
(2021-06)
Although addressing income inequalities is one of the main challenges in the European Union (EU) Member States, whether the EU has influenced income distributions, even possibly causing a rise in inequalities, is still ... -
To freeze or not to freeze? Epidemic prevention and control in the DSGE model with agent-based epidemic component
Kaszowska-Mojsa, Jagoda; Włodarczyk, Przemysław (2020-11-10)
The ongoing epidemic of COVID-19 raises numerous questions concerning the shape and range of state interventions, that are aimed at reduction of the number of infections and deaths. The lockdowns, which became the most ... -
Tracing The Spatial Patterns Of Innovation Determinants In Regional Economic Performance
(2020-03-20)This paper investigates factors of innovation and their role in regional economic performance for a sample of 261 EU NUTS 2 regions over 2009–2012. In our study, we identify regions with spillover as well as drain effects ... -
Degrowth in the context of sustainability transitions: In search for a common ground
(2020-01-27)The aim of this paper is to study how sustainability transitions analytical framework can help to make other concepts of sustainable socio-economic development more specific and operational. Specifically, we investigate ... -
The Role of Immigrants in the ‘Take-Offs’ of Eastern European ‘Manchesters.’ A Comparative Case Studies of Three Cities: Lodz, Tampere, and Ivanovo
; ; Sokołowicz, Mariusz (2019-12)
In this paper, we try to identify the institutional offers for emigrants and evaluate the role of immigrants at the time of the industrial revolution in the nineteenth century history of three cities where the dynamic ... -
Firm-size distribution in Poland – is power law applicable?
Gabrielczak, Piotr; Serwach, Tomasz (2019-09-20)
The article focuses on power laws and their growing popularity in science in general and in economics specifically. The theoretical mechanisms responsible for their generating are reviewed. We also empirically test whether ... -
Minimum wage workers in the private sector in Poland: regional perspective
(2019-05-17)The aim of the paper is to analyse regional diversification of minimum wage workers in the private sector in Poland and identify regions more vulnerable to minimum wage increases. Firstly, we examine the regional differences ... -
Structural Factor Analysis of Interest Rate Pass Through in Four Large Euro Area Economies
(2019-05)In this paper we examine the influence of monetary policy decisions of the ECB on mort- gage and business lending rates offered by banks in the four major euro area countries (Germany, France, Italy and Spain). Since ... -
The workforce’s age structure and wages—Do age and the type of occupation matter?
(2018-12-12)This study aims to analyse the relationship between a workforce’s age structure and wages. Specifically, we aim to discover whether a relationship exists between the ageing workforce as observed in a majority of European ... -
Measuring the Natural Rates of Interest in Germany and Italy
(2018-10-22)In this paper a semi-structural econometric model is implemented in order to estimate the natural rates of interest in two large economies of the Euro Area: Germany an Italy. The estimates suggest that after the financial ... -
Measuring uncertainty of optimal simple monetary policy rules in DSGE models
; Kuchta, Zbigniew (2018-10-15)
This paper presents a new approach to measure the parameter uncertainty for optimal simple monetary policy rules in the New Keynesian dynamic stochastic general equilibrium models. More precisely, we propose a new algorithm ... -
Demand and Supply Shock Symmetry across Polish Voievodships
(2018-10-08)The aim of this paper is to evaluate the symmetry of demand and supply shocks affecting Polish voievodships and to assess the risk of asymmetric shocks in the future. The study employs the SVAR-based Blanchard and Quah ... -
Constructing Joint Confidence Bands for Impulse Response Functions of VAR Models - A Review
(2018-09-30)Methods for constructing joint confidence bands for impulse response functions which are commonly used in vector autoregressive analysis are reviewed. While considering separate intervals for each horizon individually ... -
Stocks and Flows in the Cointegration Context
Majsterek, Michał (2018-05)
The paper describes relationships between stocks and flows in the context of cointegration analysis. Long-run and medium-term equilibrium relationships between stocks and flows are considered where stocks are described as ... -
Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions
(Faculty of Economics and Sociology, 2018-03-08)This Article Investigates The Construction Of Skewness-Adjusted Confidence Intervals And Joint Confidence Bands For Impulse Response Functions From Vector Autoregressive Models. Three Different Implementations Of The ... -
Improved asymptotic analysis of Gaussian QML estimators in spatial models
(Faculty of Economics and Sociology, 2017-12)This paper presents a fundamentally improved statement on asymptotic behaviour of the well-known Gaussian QML estimator of parameters in high-order mixed regressive/autoregressive spatial model. We generalize the approach ...