List of Titles

Authors: Awaworyi Churchill, Sefa , Ivanovski, Kris , Mintah, Kwabena , Zhang, Quanda
Date: 2023
Type: Text , Journal article
Relation: World Economy Vol. 46, no. 10 (2023), p. 3154-3181
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Description: We examine the relationship between financial development and house prices in the Group of Seven (G7) countries over the period 1870–2016. We use parametric panel data models that incorporated interactive fixed effects and non-parametric models that allow us to examine non-linearities and the time-varying nature of the relationship. Our parametric estimates show a positive relationship between financial development and house prices. The results from our non-parametric model not only reinforce this finding but also shows evidence of a negative effect of financial development prior to the mid-twentieth century, suggesting a time-varying non-linear impact. We find that inequality and mortgage loans are mechanisms through which financial development transmits to house prices. Financial crisis moderates the relationship between financial development and house prices, although this works only through sovereign defaults. Our findings are robust to a suite of robustness and sensitivity checks. © 2023 John Wiley & Sons Ltd.

Authors: Awaworyi Churchill, Sefa , Peng, Bin , Smyth, Russell , Zhang, Quanda
Date: 2022
Type: Text , Journal article
Relation: Scottish Journal of Political Economy Vol. 69, no. 3 (2022), p. 263-282
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Description: We examine how R&D has contributed to income inequality in the Group of Seven countries from 1870 to 2016. Using newly developed panel data models that incorporate interactive fixed effects, we find that R&D is negatively associated with income inequality. Non-parametric models that allow us to capture the time-varying effect of R&D suggest that this average effect has been negative for most of this period. We find that economic growth and trade are important mechanisms through which R&D transmits to income inequality. © 2021 Scottish Economic Society.

Authors: Appau, Samuelson , Awaworyi Churchill, Sefa , Smyth, Russell , Zhang, Quanda
Date: 2022
Type: Text , Journal article
Relation: Social Indicators Research Vol. 160, no. 2-3 (2022), p. 541-563
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Description: Using longitudinal data from the China Family Panel Studies, this study provides insights on comparative wellbeing outcomes for older people who are institutionally segregated into clusters that produce uneven social capital. We present the first study that examines how institutionalized social capital inequality, measured by the social capital gap generated by hukou (household registration) status in China, affects the wellbeing of older people. Our results show that high levels of social capital inequality are associated with lower subjective wellbeing, measured by life satisfaction. This general conclusion is robust to a number of sensitivity checks including alternative ways of measuring subjective wellbeing and inequality. We also find that the negative relationship between social capital inequality and subjective wellbeing is strongest for people with a non-urban hukou living in urban areas. Our findings highlight the need for policies aimed at narrowing the social capital gap and the dismantling of institutional structures that hinder upward social capital mobility. © 2020, Springer Nature B.V.

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