-
Exploring the Dynamic Nexus between Cross-Border Dollar Claims and Global Economic Growth Economies Pub Date : 2024-03-15 Constantinos Alexiou, Sofoklis Vogiazas, Alex Benbow
This paper addresses the role of the U.S. dollar in fostering global economic growth during the post-war period. The existing literature lacks a comprehensive understanding of the true implications of the U.S. dollar’s status as a reserve currency and a dearth of studies examining its impact. In this study, we explore the dynamic long-run and short-run relationships between cross-border U.S. dollar
-
Bank-Specific and Macroeconomic Determinants of Profitability of Islamic Shariah-Based Banks: Evidence from New Economic Horizon Using Panel Data Economies Pub Date : 2024-03-08 Md. Abu Issa Gazi, Rejaul Karim, Abdul Rahman bin S Senathirajah, A. K. M Mahfuj Ullah, Kaniz Habiba Afrin, Md. Nahiduzzaman
The purpose of this study is to analyze significant variables that permit us to ascertain the profitability of Bangladeshi Shariah-based banks. In doing so, two profitability measurements, namely, return on asset (ROA) and return on equity (ROE), have been used as dependent variables, while capital adequacy, asset management quality, operational efficiency, credit risk, liquidity, and the size of the
-
Digital Progression and Economic Growth: Analyzing the Impact of ICT Advancements on the GDP of European Union Countries Economies Pub Date : 2024-03-06 Anastasios I. Magoutas, Maria Chaideftou, Dimitra Skandali, Panos T. Chountalas
This research thoroughly examines the dynamic relationship between the European Union’s economic growth and rapid advancements in Information and Communication Technology (ICT). Specifically, it assesses how certain ICT indicators are associated with significant economic growth. Utilizing an extensive dataset from the Digital Economy and Society Index 2022 (DESI), the Statistical Office of the European
-
Environment and Digitalization: The New Paradigms in the European Stock Markets Economies Pub Date : 2024-03-07 Elisa Di Febo, Eliana Angelini, Tu Le
In a European context in which the objectives of climate neutrality and digitalization appear fundamental, the work analyzes the relationships between the price of the main stock market indices and the most representative variables such as carbon emissions, digitalization, use of renewable energy, research and development expenses, environmental taxes, and all economic and management activities aimed
-
Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence Economies Pub Date : 2024-03-04 Álvaro Hernández Sánchez, Beatriz María Sastre-Hernández, Javier Jorge-Vazquez, Sergio Luis Náñez Alonso
This article highlights the complexity of taxation surrounding cryptocurrency transactions due to the lack of uniform regulation, creating uncertainty for both taxpayers and tax authorities. After determining the tax obligations of individuals in taxation, a survey has been conducted to assess the level of knowledge and compliance with tax obligations related to cryptocurrencies. The survey, in which
-
Investor Behavior in Gold, US Dollars and Cryptocurrency during Global Pandemics Economies Pub Date : 2024-03-06 Yoochan Kim, Erkan Topal, Apurna Kumar Ghosh, Mohammad Waqar Ali Asad
COVID-19 and SARS are epidemics which have influenced the largest global economic crisis in recent years. This research reveals that both SARS and COVID-19 have led to fluctuations in the prices of gold and the US dollar index; however, there is no direct causal relationship be-tween COVID-19 and the price of bitcoin. The USD index saw a significant increase during the SARS outbreak, while gold prices
-
Approaches to a New Regional Energy Security Model in the Perspective of the European Transition to Green Energy Economies Pub Date : 2024-03-04 Otilia Rica Man, Riana Iren Radu, Iuliana Oana Mihai, Cristina Maria Enache, Sofia David, Florentina Moisescu, Mihaela Cristina Onica Ibinceanu, Monica Laura Zlati
The EU energy sector became a very important one as a result of the war in Ukraine. On the other hand, the EU started in defining and implementing new strategies regarding green economy and sustainability. Even though these strategies cover short and medium periods, they have as a main goal the decrease in the EU’s dependence of energy imports. This research is focused on present challenges, risks
-
Hydropower & HDI Nexus in Nordic Countries Using VAR Techniques Economies Pub Date : 2024-03-01 Abdelmoneim B. M. Metwally, Shahd M. Nabil, Mai M. Yasser
Although the movement of people from rural to urban areas has caused the increased use of energy, the abundance of water resources can be made into a form of renewable energy known as hydroelectricity. As European countries are ranked as the first users and exporters of hydropower, the production of renewable energy in developed countries such as the Nordic region has caused great impacts on economic
-
Food Inflation Examination through the Dynamic Nexus between Olive Oil and Substitutes Economies Pub Date : 2024-02-25 Nikolaos A. Kyriazis
This study provides insights into food inflation by investigating the dynamic interconnectedness of the prices of olive oil, soybean oil, sunflower oil, and palm oil. Using data from January 1990 to October 2023, averaged dynamic and extended joint connectedness analyses are conducted by employing the innovative Time-Varying Parameter Vector Autoregressive (TVP-VAR) methodology. The findings reveal
-
Are There Conditions That Can Predict When an M&A Works? The Case of Italian Listed Banks Economies Pub Date : 2024-02-26 Roberta Arbolino, Raffaele Boffardi, Konstantinos Kounetas, Ugo Marani, Oreste Napolitano
This paper investigates the impact in the short/medium term of M&As made by 14 Italian banks quoted on the stock exchange for the period 1999–2016. After dividing the banks into two groups by size and degree of internationalisation, we sought to ascertain whether different initial conditions produce different final effects. Based on three assumptions, supported by three separate econometric approaches
-
Pathways to Prosperity: Navigating Post-Stagnation Growth and Revitalizing Business Economies Pub Date : 2024-02-24 Vladislav Spitsin, Darko B. Vuković, Marina Ryzhkova, Victoria Leonova
This study examines the ways in which firms recover from stagnation or sales decline, with a focus on two key aspects: traditional high-growth companies and growth restarts within the framework of organizational life cycle theory. Analyzing a dataset of 1883 Russian firms from 2013 to 2021, this research employs logistic regression to identify factors that promote growth. These factors include the
-
Green Finance and Fintech Adoption Services among Croatian Online Users: How Digital Transformation and Digital Awareness Increase Banking Sustainability Economies Pub Date : 2024-02-22 Hrvoje Serdarušić, Mladen Pancić, Željka Zavišić
This study delves into the dynamic interplay between green finance, Fintech adoption, digital awareness, and digital transformation in the Croatian banking industry. Amidst the emerging trend of sustainable banking practices and technological advancements, this research aims to examine the influence of green finance on Fintech adoption and banking sustainability. Employing a quantitative research design
-
European Funding for Sustainable Transport Systems—Influencing Factor of Regional Economic Development in Romania Economies Pub Date : 2024-02-20 Ana Maria Bocaneala, Daniel Sorin Manole, Elvira Alexandra Gherasim, Bianca Motorga, Livia Cristina Iliescu
Sustainable development is a core concept in regional development. Sustainability is characterized by supporting the building of resilient infrastructure and promoting the sustainable industry. In this context, sustainable transport is particularly important as it represents an opportunity for regional development. This research aims to quantify the impact of investments through structural instruments
-
Demand for Money in the United States: Stability and Forward-Looking Tests Economies Pub Date : 2024-02-16 Amir Kia
This study shows that demand for money is a function not only of interest rate, real exchange rate, and personal consumption but also of fiscal variables like deficit, debt, and foreign-financed debt. It is stable over the short and long run. This study also covers the investigation of policy invariance of money demand, an important issue ignored so far in the existing literature on the demand for
-
Impact of Environmental Regulation on Export Technological Complexity of High-Tech Industries in Chinese Manufacturing Economies Pub Date : 2024-02-16 Weixin Yang, Xiu Zheng, Yunpeng Yang
Since the reform and opening-up, China has developed into the world’s number one manufacturing country. Meanwhile, China’s environmental protection efforts continue to strengthen. So, will changes in the intensity of environmental regulatory policies have an impact on the technological development level and international competitiveness of China’s high-tech manufacturing industries? In response to
-
Development of Trade in Recyclable Raw Materials: Transition to a Circular Economy Economies Pub Date : 2024-02-14 Olga Lingaitiene, Aurelija Burinskiene
Mechanisms for sectoral change in the economy are being used to move towards a circular economy. Trade in recycled raw materials could contribute to circular economy development and is treated as the main circular indicator used to monitor progress toward a circular economy. However, the research area surrounding the transition to a circular economy lacks adequate tools, as until now, the circular
-
Exploring Distributions of House Prices and House Price Indices Economies Pub Date : 2024-02-14 Jiong Liu, Hamed Farahani, R. A. Serota
We use house prices (HP) and house price indices (HPI) as a proxy to income distribution. Specifically, we analyze distribution of sale prices in the 1970–2010 window of over 116,000 single-family homes in Hamilton County, Ohio, including Cincinnati metro area of about 2.2 million people. We also analyze distributions of HPI, published by Federal Housing Finance Agency (FHFA), for nearly 18,000 US
-
Assessing the Relationship between Fuel and Charcoal Prices in Uganda Economies Pub Date : 2024-02-13 Grace Alinaitwe, Olvar Bergland
Charcoal is a dominant energy source in urban areas of Uganda, and increases in retail prices in the past have led to social unrest. This paper assesses the relationship between charcoal and fuel prices to determine whether fuel prices influence the retail price of charcoal. We specify a transportation cost model for charcoal supply and derive the reduced-form equilibrium price function. We estimate
-
Collaboration and Competition: A Social Network Analysis of Thailand’s Music Industry Economies Pub Date : 2024-02-12 Wichaya Peechapat, Nattapong Puttanapong
This study quantitatively investigates the collaborative framework and competitive landscape of Thailand’s evolving music industry, driven by technological progress and changing consumer preferences. By examining data obtained from Thailand’s Department of Intellectual Property, specifically 138,868 songs, it explores the complex network of relationships among music creators, artists, and various rights-holders
-
The Widening of the North–South Divide: Debt Sustainability in a World Weakened by COVID-19 Economies Pub Date : 2024-02-06 Sandra Bernardo, Maria Luísa Vasconcelos, Fátima Rocha
This research compares the global debt trends in the aftermath of the COVID-19 pandemic, focusing on economies that frame the North and South divide. The research centers on debt ratios, which serve as indicators of countries’ ability to finance recovery and development projects. The study period runs from 2015 to 2022 and follows the IMF’s country classification, which divides the world into advanced
-
Revitalizing from Ashes: Economic Development and Business Resilience in the City of Vukovar Economies Pub Date : 2024-02-08 Jakša Puljiz, Marina Funduk, Ivana Biondić
The paper examines a paradigmatic example of post-conflict economic development of Vukovar, Croatia. It represents a pertinent case study for localities encountering analogous challenges, most notably urban areas in Ukraine in the near future. The war that broke out in 1991 brought significant human casualties, population displacement, and extensive destruction of residential, social, and economic
-
The Potential Analytical Impact of Significant Sectoral Creative Economy on Thailand’s Economy: A Case Study of the IRS-CGE Model vs. the CRS-CGE Model for Both the National and Provincial Economies Economies Pub Date : 2024-02-08 Chukiat Chaiboonsri
The United Nations has promoted and supported the UNCTAD Creative Economy Programme since 2004 to help countries around the world understand how to promote economic development through creativity in industries. This research article aims to determine whether the creative economy will be the major engine to accelerate Thailand’s economic development in the coming decade or not, and what the major creative
-
On the Dynamic Changes in the Global Stock Markets’ Network during the Russia–Ukraine War Economies Pub Date : 2024-02-04 Kashif Zaheer, Faheem Aslam, Yasir Tariq Mohmand, Paulo Ferreira
Analysis of the relationships among global stock markets is crucial for international investors, regulators, and policymakers, particularly during a crisis. Complex network theory was applied to analyze the relationship between global stock markets during the Russia–Ukraine war. Daily data from 55 stock markets from 6 August 2021 to 23 September 2023 were retrieved and used to investigate the changes
-
The Effect of Burnout Experienced by Nurses in Retirement Homes on Human Resources Economics Economies Pub Date : 2024-01-30 Ljiljana Leskovic, Sergej Gričar, Raffaella Folgieri, Violeta Šugar, Štefan Bojnec
The human resources economic implications of nursing burnout amongst nurses working in retirement homes have become a critical concern within the healthcare industry. As the backbone of care provision in these settings, it is crucial to understand the consequences of burnout on the workforce’s well-being and organisational sustainability. This study aims to investigate burnout among nurses working
-
Impact of Venezuelan Migration on the Informal Workforce of Native Workers in Colombia Economies Pub Date : 2024-02-02 William Prieto Bustos, Cristian Darío Castillo Robayo, Jacobo Campo Robledo, Juliana Molina Dominguez
Colombia experienced a substantial increase in annual migration flow from Venezuela from 2013 to 2019, accumulating 1.7 million migrants by the end of 2019. According to migration data, 2016 was a breaking point in migration growth, with an increase of 137.57% compared with 2015 and at which time the influx of migrant workers began to be massive, rapid, and involuntary. In this regard, the research
-
The Impact of Current Account Balance on Economic Growth in South Africa Economies Pub Date : 2024-02-02 Nkosinathi Emmanuel Monamodi
This study investigates the impact of South Africa’s current account balance on its economic growth from Q1 2015 to Q4 2022 using Auto Regressive Distributed Lags (ARDL) technique. This study incorporates qualitative variables like COVID-19 to understand its effect on the South African current account and economic growth rate. Generally, the results show that the South African current account deficit
-
How Do Remittances Influence the Mitigation of Energy Poverty in Latin America? An Empirical Analysis Using a Panel Data Approach Economies Pub Date : 2024-02-02 María Gabriela González Bautista, Eduardo Germán Zurita Moreano, Juan Pablo Vallejo Mata, Magda Francisca Cejas Martinez
Energy poverty represents a critical challenge in Latin America today, given the social disparities the region faces. In this context, this study focuses on exploring the effects of remittances on the energy poverty of 13 Latin American countries during the period 2000–2020. Panel estimations with fixed and random effects, along with the generalized method of moments, are employed to address potential
-
Natural Disasters and Banking Stability Economies Pub Date : 2024-01-29 Hassan Alalmaee
This paper aims to examine the impact of natural disasters on banking stability across different levels of economic development. Utilizing bank-level data from 1242 banks in 72 countries, combined with natural disaster data from the Center for Research on the Epidemiology of Disasters, we contribute to the literature in three ways. Firstly, we directly assess the influence of natural disasters on banking
-
Efficiency Assessment and Determinants of Performance: A Study of Jordan’s Banks Using DEA and Tobit Regression Economies Pub Date : 2024-02-01 Rasha Istaiteyeh, Maysa’a Munir Milhem, Ahmed Elsayed
This comprehensive study explored the efficiency landscape of the Jordanian banking industry from 2006 to 2021, utilizing a dual-pronged approach. First, we assessed the efficiency scores of 15 commercial banks, comprising 13 conventional and 2 Islamic institutions, through data envelopment analysis (DEA). Secondly, we investigated the determinants influencing relative efficiency using the Tobit regression
-
Relevance of Territorial Identity in the Rural Development Programs—The Case Study of Tajo-Salor (Extremadura, Spain) Economies Pub Date : 2024-01-30 Francisco Javier Castellano-Álvarez, Rafael Robina-Ramirez
Since their origins, rural development programs have considered the county level as the axis on which to implement their development strategies. Taking Tajo-Salor County (Extremadura, Spain) as a reference, this research analyzes the assessment that some of the agents directly involved in the implementation of these programs make of the suitability of the configuration of their territorial scope, as
-
A Systematic Review of Industry 4.0 Technology on Workforce Employability and Skills: Driving Success Factors and Challenges in South Asia Economies Pub Date : 2024-01-31 Md. Tota Miah, Szilvia Erdei-Gally, Anita Dancs, Mária Fekete-Farkas
The purpose of this study is to systematically analyze the impact of Industry 4.0 technologies on workforce employability and skills in the South Asian region. The study investigates the driving success factors, challenges, and needed skills by analyzing 48 peer-reviewed articles. The authors searched keywords on the Web of Science database for articles published between 2013 and 2022. The review was
-
Which Economic Sectors Influence Average Household Income? A Spatial Econometric Study of Thailand’s 76 Provinces Economies Pub Date : 2024-01-31 Viriya Taecharungroj
This study investigates the impact of various economic sectors on household income in Thailand. It is conducted in light of the substantial “digital wallet” scheme initiated by the Thai government, with the goal of providing empirical evidence and suggesting alternative policies for regional development informed by sectoral and spatial insights. The research aims to deepen the understanding of how
-
Exploring Global Economy Evolution: Clusters and Patterns Economies Pub Date : 2024-01-29 Sara Casagrande, Bruno Dallago
Economic integration and globalization are expected to promote economic growth and convergence. This article offers a comparative analysis of the pace of development in terms of GDP per capita in 79 economies from 1970 to 2019. Usually, economic convergence literature aims to establish whether catching-up processes have been successful. This article verifies the existence of growth path similarities
-
From Policy to Impact: Advancing Economic Development and Tackling Social Inequities in Central and Eastern Europe Economies Pub Date : 2024-01-24 Adriana AnaMaria Davidescu, Tamara Maria Nae, Margareta-Stela Florescu
This study challenges the traditional reliance on GDP as the sole indicator of the success of the EU’s cohesion policy, aligning with the evolving academic discourse that calls for a broader spectrum of metrics incorporating social factors. The research aims to assess the impact of cohesion on economic performance and social progress at the regional level in Central and Eastern European countries,
-
The Impact of the COVID-19 Pandemic on the Economy of the Slovak Republic Economies Pub Date : 2024-01-23 Anna Tomková, Jaroslav Gonos, Katarína Čulková, Martin Rovňák
The main goal of this contribution is to assess the development of the economic condition of the Slovak Republic in the context of the impacts of the COVID-19 pandemic. The situation regarding the development of and changes in the economic condition of Slovakia is compared with that in selected EU countries, considering the effects of previous global crises, with a focus on the impacts on small and
-
On the Inflation-Debt-Bubble “Vicious Cycle” in Times of Evolving Money—A Memorandum of Forward-Looking Lessons Economies Pub Date : 2024-01-23 Edoardo Beretta
The global financial crisis (2008–2009) represents a notable example of a generally unpredicted crisis in economic history. Nevertheless, it presented features comparable to almost any previous (monetarily related) crisis episode. For instance, it was characterized by a “vicious cycle” made by over-issued money and/or over-granted loans nourishing private and public indebtedness and—eventually—affecting
-
The Impact of Interest Rate Spillover on Output Gap: A Dynamic Spatial Durbin Model Economies Pub Date : 2024-01-17 Josephine Wuri, Yuliana Rini Hardanti, Laurentius Bambang Harnoto, Caecilia Wahyu Estining Rahayu, Christina Heti Tri Rahmawati
The recent multidimensional crisis has harmed the global economy because countries are currently integrated. In this study, we examine the spillover effect of the United States (US) interest rate on the output gap of ASEAN+3 countries using the dynamic spatial Durbin model from 2010 to 2020. After controlling for various institutional variables, this analysis further examines the effect of the exchange
-
How Far Are NEET Youth Falling Behind in Their Non-Cognitive Skills? An Econometric Analysis of Disparities Economies Pub Date : 2024-01-19 Garen Avanesian, Marina Borovskaya, Marina Masych, Ludmila Dikaya, Victoria Ryzhova, Valeria Egorova
Youth not in education, employment, or training (NEET) refers to the most vulnerable group in the transition from school to work. While much research focuses on institutional factors behind the NEET incidence, the current study approaches the problem of the NEET youth from the perspective of non-cognitive skills. For measuring non-cognitive skills, the Big Five personality characteristics (openness
-
Asymmetric and Nonlinear Foreign Debt–Inflation Nexus in Brazil: Evidence from NARDL and Markov Regime Switching Approaches Economies Pub Date : 2024-01-15 Mesbah Fathy Sharaf, Abdelhalem Mahmoud Shahen, Badr Abdulaziz Binzaid
This paper augments the sparse literature on the inflationary impact of foreign debt in Brazil while addressing methodological caveats in previous studies. We depart from the linearity assumption and employ two nonlinear techniques: the nonlinear autoregressive distributed lag (NARDL) model and a Markov Switching Regression (MSR) to investigate the connection between foreign debt and inflation within
-
When and for Whom Does Growth Becomes Jobless? Economies Pub Date : 2024-01-15 Mindaugas Butkus, Laura Dargenytė-Kacilevičienė, Kristina Matuzevičiūtė, Dovilė Ruplienė, Janina Šeputienė
The results of previous research suggest that the elasticity of employment with respect to output is not constant within each phase of the business cycle and might depend on the maturity of that phase. Nevertheless, empirical evidence is almost non-existent. Using the unemployment gap as the proxy for the maturity of the business cycle phase, this paper seeks to determine heterogeneous elasticity across
-
On the Asymmetric Relation between Inflation and Growth in Mexico: A NARDL Approach Economies Pub Date : 2024-01-17 José Carlos Trejo-García, Ramón Valencia-Romero, María De Lourdes Soto-Rosales, Francisco Venegas-Martínez
The effects of various geopolitical tensions, conflicts between countries and the global post-pandemic COVID-19 have caused an acceleration in the price level in many countries around the world. This research focuses on Mexico since its monetary policy has created intricate interactions between inflation and growth in the short and long term, maintaining recently one of the highest real interest rates
-
Agricultural Produce Supply Chain Network of Capsicum: Empirical Evidence from India Economies Pub Date : 2024-01-18 Pankaj Thakur, Piyush Mehta, Priyanka Lal, Rashmi Chaudhary, Saswat Kumar Pani, Akash Gaurav Singh, Chhaya Devi, Kamlesh Verma, Prashant Sharma
Vegetables are important for both nutritional and economic stability and contribute significantly to the agricultural landscape of India. The demand for vegetables is rising, driven by population growth and increased awareness of their benefits. This empirical study highlights the dynamics of agricultural production supply chain networks of capsicum crops in the northwestern Himalayan region, specifically
-
The Education Component and the Inclusion of the Enrolment Survival Measure: Provincial Equitable Share (PES) Economies Pub Date : 2024-01-15 Sithembiso Felix Mthimkhulu, Dev Tewari
This paper investigates the intergovernmental transfer systems in South Africa, more specifically, the underlying determinants and formula of the unconditional grants of the education component of the Provincial Equitable Share (PES). The PES formula is a weighted shares formula that depends on the demographic shares of the provinces (population) to determine the equitable share outcomes to be transferred
-
Changes in SME Business Due to COVID-19—Survey in Slovakia and the Czech Republic Economies Pub Date : 2024-01-12 Andrea Janáková Sujová, Václav Kupčák
The objective of the paper is to analyse and compare the consequences of the coronacrisis on the entrepreneurship of small and medium-sized enterprises (SMEs) in Slovakia and the Czech Republic with the aim of identifying the determinants of changes in entrepreneurship. The secondary empirical research was carried out based on the analysis of secondary and primary data. The analysis used economic indicators
-
Predicting the Productivity of Municipality Workers: A Comparison of Six Machine Learning Algorithms Economies Pub Date : 2024-01-12 Priya Bijalwan, Ashulekha Gupta, Anubhav Mendiratta, Amar Johri, Mohammad Asif
One of the most significant areas of local government in the world is the municipality sector. It provides various services to the residents and businesses in their areas, such as water supply, sewage disposal, healthcare, education, housing, and transport. Municipalities also promote social and economic development and ensure democratic and accountable governance. It also helps in encouraging the
-
Economic Shocks and Perceptions of Efficiency Changes: The Cases of Lithuania and Latvia Economies Pub Date : 2024-01-04 Rasa Subačienė, Ramunė Budrionytė, Jolanta Žemgulienė, Ivita Faituša, Kristina Rudžionienė
In recent years, economic uncertainty has been heightened, including as a result of the economic shocks generated by the COVID-19 pandemic, the Russia–Ukraine War, and the unstable international political situation. These had a global impact on various spheres and influenced all economic processes. However, the lack of available data has made it difficult to investigate the latest global events and
-
The Cost Efficiency and Competition Relationship: Evidence from Saudi Arabian Banks and Non-Structural Approaches to Analysis Economies Pub Date : 2024-01-05 Hind Alnafisah, Lama Alwohaibi
Over the last two decades, the regulators of the financial services sector in Saudi Arabia have aimed to develop a level of fair competition in the provision of banking services across the country. This paper utilizes non-structural approaches, the H-statistic developed by, and the Granger causality test. The second approach involves determining the Granger-based causal relationship between banks’
-
Supply Chain Interconnectedness in Times of Crises: A Gravity Model with DiD Analysis of COVID-19 Effects on Central and Eastern European Trade Economies Pub Date : 2023-12-31 Arūnas Burinskas, Viktorija Cohen, Jolanta Droždz
This paper explores the impact of COVID-19-induced disruptions on supply chains, specifically focusing on the interconnectedness of supply chains and the transmission effects they cause. The gravity model framework, together with difference-in-differences analysis, is employed to analyze monthly trade patterns among Central and Eastern European (CEE) countries, Western European countries, and other
-
What Predicts Long-Term Absenteeism, and Who Disappears from the Workforce When Enterprises Downsize? Economies Pub Date : 2024-01-01 Jarle Aarstad, Olav Andreas Kvitastein
This paper primarily studies how wages predict long-term absenteeism in enterprises. In addition, it studies who disappears from the workforce when downsizing. Analyzing Norwegian enterprise data using dynamic unconditional quasi-maximum likelihood fixed-effects panel regression and general methods of moments panel regression with instrumental variables, we find that increasing average wages decreases
-
Predicting Food Consumption to Reduce the Risk of Food Insecurity in Kazakhstan Economies Pub Date : 2023-12-29 Aigerim Duisenbekova, Monika Kulisz, Alina Danilowska, Arkadiusz Gola, Madina Ryspekova
In modern times, the risk of food insecurity is a concern for policymakers at the global and national levels, as the issue of hunger and malnutrition still exists. Food security is vulnerable to any crises. The main goal of this paper is to create a neural-network-based predictive model to forecast food consumption trends in Kazakhstan, aiming to reduce the risk of food insecurity. The initial phase
-
An Empirical Study of the Impact of the Euro on Cross-Country Diversification Economies Pub Date : 2023-12-27 Demissew Diro Ejara, Kamal Upadhyaya
The euro was launched, on 1 January 1999, as a common currency for members of the European Union that complied with the Maastricht Treaty. The Maastricht Treaty calls for the coordination of major macroeconomic policies, such as inflation, budget balance, public debt, and long-term interest rates. Theoretically, the coordination of these policy issues and the launch of a common currency will increase
-
The Issue of Measuring Household Consumption Expenditure Economies Pub Date : 2023-12-27 Emilia Madudova, Tatiana Corejova
Household consumption expenditure is an important measure of economic activity as it reflects the spending behavior of households and their purchasing power. The measurement of household consumption expenditure is critical for analyzing economic growth, inflation, and overall economic performance. In order to create budgets and financial plans, it is necessary to know and understand the relationship
-
The Dynamics of Fund Absorption: Evaluating the Efficacy of EU Structural Funds in Mitigating Regional Inequalities—Calabrian Case Economies Pub Date : 2023-12-27 Guzmán A. Muñoz-Fernández, Angela Bertucci, José E. Ramos-Ruiz, Maria Luisa Garo
The European Union aims for territorial cohesion, with human capital as a key factor. Assessing how investment in regional human capital enhances this cohesion is therefore essential. This study assesses the impact of the EU Structural Funds (ESFs) in Calabria (Italy), a region grappling with economic challenges and a brain drain phenomenon. Aimed at fostering regional cohesion, ESFs have been directed
-
Regulating the Revolving Door of Regulators: Legal vs. Ethical Issues Economies Pub Date : 2023-12-25 Elise S. Brezis
This paper analyzes the effects of the revolving door, concentrating not only on the dynamics between regulators and firms but also on whether regulating the revolving door is optimal from the point of view of society. The study explores the trade-off between two interconnected aspects related to the revolving door: the ‘lack of competence’ and ‘greed’ of regulators. On the one hand, the revolving
-
Educational Mismatch and Gender: A Comparison between Industry and Services in Spain Economies Pub Date : 2023-12-25 Elena Lasso-Dela-Vega, José Luis Sánchez-Ollero, Alejandro García-Pozo
This study analysed the presence and influence of educational mismatch in the service and industry sectors in Spain, due to the lack of studies of this phenomenon in the latter sector. We also analyse its effect on wages and its role in creating a gender wage gap in the returns to a set of professional and personal characteristics. The heterogeneity in the improvement of workers’ qualifications between
-
Does Economic Growth Attract FDI Inflows? A Dynamic Panel Analysis Economies Pub Date : 2023-12-19 Pascal L. Ghazalian
Economic growth is deemed to be a conducive factor in attracting foreign direct investment (FDI) as it often confers location advantage to host countries and fosters business confidence. This paper examines the short-run and the long-run effects of economic growth on FDI inflows. The empirical analysis is conducted through the Generalized Method of Moments (GMM) System estimator for dynamic panel models
-
The Impact of the Transitions and Maintenance Patterns of Physical Activity and Tobacco Smoking on Labor Market Outcomes in South Africa Economies Pub Date : 2023-12-21 Ebenezer Toyin Megbowon
(1) Background: Labor market outcomes can be directly or indirectly influenced by the health behavior patterns of the labor force. This study assesses the association between patterns of physical activity and smoking behavior maintenance (and their transitions) and the labor market outcomes of employment participation and formal employment participation. (2) Methods: The sample evaluated in this study
-
The Effects of Oil Price Volatility on South African Stock Market Returns Economies Pub Date : 2023-12-22 Kongolo Musampa, Joel Hinaunye Eita, Christelle Meniago
The aim of this study is to assess the response of the South African stock market returns to oil price volatility, based on the daily South African stock market index, using the GARCH-Copula modelling technique. The results of the analysis show evidence of an asymmetric impact of fluctuations in oil prices on South African stock market returns, using a copula model specification, particularly the bivariate
-
Assessing Fiscal Sustainability in the Landscape of Economics Research Economies Pub Date : 2023-12-14 Nini Johana Marín-Rodríguez, Juan David Gonzalez-Ruiz, Sergio Botero
This scientometric analysis delves into the current trajectory and anticipated prospects of assessing fiscal sustainability, emphasizing methodologies, trends, and pivotal literature in this critical economic realm. This study analyzed 324 studies from Scopus and Web of Science databases to generate the dataset through scientometric networks, using VOSviewer and Bibliometrix tools. Through a comprehensive
-
The Impact of the Islamic System on Economic and Social Factors: A Macroeconomic Uncertainty Context Economies Pub Date : 2023-12-16 Mohamed Sadok Gassouma, Adel Benhamed
This paper examines the effects of Islamic economic and social systems within a democratic environment on the causal relationships among uncertainty, informal economy, corruption, and economic growth. For this purpose, we considered a set of Middle East/North Africa MENA countries considered to be in economic difficulty and undergoing the democratic transition process (Tunisia, Algeria, Egypt, Libya