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Is international cooperation effective in combating terrorism? Evidence from the Shanghai Cooperation Organization Applied Economics (IF 1.916) Pub Date : 2024-03-18 Jiazhang Zhao, Xinrui Wang, Jinyong Zhan
Previous studies have theoretically demonstrated that international counter-terrorism cooperation can effectively combat terrorism and maintain regional stability and development. However, due to t...
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Can machine learning methods predict beta? Applied Economics (IF 1.916) Pub Date : 2024-03-18 Emmanuel Alanis, Vance Lesseig, Janet D. Payne, Margot Quijano
It is common to estimate equity betas for private firms or non-traded assets through a comparable company analysis (CCA) of peer firms. Previous literature has questioned the accuracy of those esti...
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Generalization of family allowances and impact on monetary child poverty and vulnerability in the post-covid period in Morocco Applied Economics (IF 1.916) Pub Date : 2024-03-16 Touhami Abdelkhalek, Dorothée Boccanfuso
In this article, we evaluate the impact of the COVID-19 pandemic and the compensatory measures taken by the government to mitigate the consequences of this crisis on the monetary poverty and vulner...
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Is defence expenditure a guarantee of human development? A panel data approach in the group of twenty Applied Economics (IF 1.916) Pub Date : 2024-03-16 María Concepción Pérez-Cárceles
One of the strategic objectives of many countries is to increase the military expenditure level in an uncertain environment due to the recent pandemic and the current Russian invasion of Ukraine. N...
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Inter-dependencies among BRICS countries: the perspective of sovereign bonds Applied Economics (IF 1.916) Pub Date : 2024-03-13 Zhenxi Chen, Anna Machneva, Donald Lien
Over the past two decades, the economic influence of the BRICS countries has continued to grow. While the BRICS group is considered a political alliance and the members face large heterogeneity in ...
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Determinants of financial inclusion in Southeast Asia Applied Economics (IF 1.916) Pub Date : 2024-03-12 Maria Luisa G. Valera, Zihui Lei, Joelle H. Fong
This study examines the determinants of financial inclusion – in terms of bank account ownership, formal saving, and formal borrowing – among countries in Southeast Asia. Using the World Bank Globa...
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Spillover effects from partisan conflict and trade & immigration policy uncertainty to US travel and leisure stocks: a time-frequency analysis Applied Economics (IF 1.916) Pub Date : 2024-03-12 Wang Gao, Linlin Zhang, Qingzhu Fan, Shixiong Yang
This study uses the time-varying parameter vector autoregression (TVP-VAR) based connectedness approach to explore the effects of partisan conflict, trade policy uncertainty, and immigration policy...
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Empire, diversity & development: evidence from Afghan provinces Applied Economics (IF 1.916) Pub Date : 2024-03-12 Imran Qaiser, Theocharis N. Grigoriadis
In this paper, we explore the effects of historical and contemporary ethnolinguistic diversity on socio-economic development in Afghanistan. Using a dataset of Afghan provinces, we find that histor...
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The causal relationship between income inequality and economic growth: evidence from panel data for Vietnam Applied Economics (IF 1.916) Pub Date : 2024-03-07 Le Nguyen, Taisei Kaizoji, Tomoo Inoue
By analysing a panel dataset of 63 provinces of Vietnam (2004−2021), this study demonstrated that there was a causal relationship between income inequality (measured by the Gini coefficient, income...
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Markov-switching multifractal volatility spillovers among European stock markets during crisis periods Applied Economics (IF 1.916) Pub Date : 2024-03-07 Aviral Kumar Tiwari, Emmanuel Joel Aikins Abakah, Richard Adjei Dwumfour, Chi-Chuan Lee
This research investigates time-varying volatility spillovers and connectedness among European stock markets during the COVID-19 pandemic and the Russia – Ukraine war, two events that destabilized ...
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Labour market gender gaps in the time of COVID-19 in Latin America and the Caribbean Applied Economics (IF 1.916) Pub Date : 2024-03-06 Ivonne Acevedo, Francesca Castellani, Giulia Lotti, Miguel Székely
The trend of declining gender gaps in labour market indicators in Latin America in previous decades did not change significantly in most countries during the COVID-19 pandemic. However, (i) women w...
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The effect of asset tangibility on hospital financial performance in South Korea Applied Economics (IF 1.916) Pub Date : 2024-03-03 Woojin Park, Sangjoon Lee
Many hospitals risk closure owing to rising costs, declining revenue, and reduced profits. Given the importance of identifying factors that impact hospital profitability, our study examines the rel...
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Overseas background of executive and enterprises’ outward foreign direct investment: multi-level moderating model and heterogeneity research Applied Economics (IF 1.916) Pub Date : 2024-02-29 Chen Yan, Yuanzhe Huang, Qian Dai, Dameng Hu, Jinsong Ye
With the increasing uncertainty in trade, investment, and geopolitical aspects, considerable attention is paid to whether and how executives’ overseas backgrounds affect enterprises’ outward foreig...
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Spatial econometric modelling of US COVID-19 policy stringency Applied Economics (IF 1.916) Pub Date : 2024-02-29 John Dogbey, Ghislain Gueye, Jonathan Peterson
In this paper, we study the influence exerted by a state’s ‘neighbours’ in determining its COVID-19 policy stringency. In addition to traditional geographic neighbours, we also consider political n...
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The pre-FOMC announcement drift: short-lived or long-lasting? Evidence from financial and volatility markets Applied Economics (IF 1.916) Pub Date : 2024-02-29 Katja Ignatieva, Kazuhiko Ohashi
We examine the effects of Federal Open Market Committee (FOMC) announcements accompanied by press conferences (PC) on both financial and volatility markets. We find a pre-FOMC announcement drift, s...
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Homeownership, Labour Market Transitions and Earnings Applied Economics (IF 1.916) Pub Date : 2024-02-28 Carole Brunet, Thierry Kamionka, Guy Lacroix
The paper investigates the links between homeownership, employment and earnings. The motivation stems from the lack of consensus in the literature linking these outcomes. Our analysis is cast withi...
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What do we know about COVID-19 media coverage and African stock markets? A time-varying connectedness analysis Applied Economics (IF 1.916) Pub Date : 2024-02-27 Ahmed Bossman, Tamara Teplova, Zaghum Umar
In this study, we explore the role of media coverage in the connectedness between African stock markets during the COVID-19 pandemic. Using the time-varying parameter autoregression connectedness m...
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The role of financial literacy when informal caregivers make complex financial decisions Applied Economics (IF 1.916) Pub Date : 2024-02-27 Henry Cutler, Anam Bilgrami, Megan Gu, Yuanyuan Gu, Mona Aghdaee
Informal caregivers are accepting more responsibility for making financial decisions for older people with cognitive impairment. Paying for nursing home accommodation is a complex financial decisio...
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AI in education risk assessment mechanism analysis Applied Economics (IF 1.916) Pub Date : 2024-02-28 Zhuo Luo, Xuedong Zhang
Artificial intelligence (AI) has had a significant impact on several sectors and fields. Failure Modes and Effects Analysis (FMEA) is a powerful risk management and prevention tool that can help co...
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Scientific research, technology, and economic growth in a cross section of countries Applied Economics (IF 1.916) Pub Date : 2024-02-28 Eden Yu, Jang Jin
This paper aims to investigate the role of scientific research in the development of technology advancement and subsequent economic growth. The publication data collected from Science and Nature co...
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The impact of energy security on energy innovation: a non-linear analysis Applied Economics (IF 1.916) Pub Date : 2024-02-25 Yan Ma, Gen-Fu Feng, Chun-Ping Chang
Energy security is an important guarantor of national development, while energy innovation is an endogenous driver of sustainable development. This paper examines the impact of energy security on e...
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The effect of hierarchical medical treatment reform——research based on 205 prefecture-level cities Applied Economics (IF 1.916) Pub Date : 2024-02-26 Simin Zhang, Zhikai Wang
The problems, such as difficult and expensive medical treatment, high medical costs, and low efficiency in utilizing medical resources, have been prominent for a long time. The state has taken a se...
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School closures, youth driving restrictions, and COVID-19 transmission Applied Economics (IF 1.916) Pub Date : 2024-02-25 Qihua Qiu, Jaesang Sung
School closures were the first and most rapidly implemented major social distancing measures (SDMs) to prevent COVID-19 transmission in spring 2020. Their effectiveness, however, likely varied by l...
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How to prevent “greenwash” in green retrofit process under PPP model: an evolutionary game theory-based analysis Applied Economics (IF 1.916) Pub Date : 2024-02-22 Yuan Ren, Pengwei Yuan, Xiaoqing Dong, Hongkai Liu
In the Public-Private Partnership for Existing Building Green Retrofitting (PPP-EBGR) model, collaboration between the government and social capital facilitates the completion of retrofitting proje...
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Social appropriateness with contractual incompleteness Applied Economics (IF 1.916) Pub Date : 2024-02-21 Zile Wang, Jun Feng, Xiangdong Qin
We conduct the Krupka – Weber norm-elicitation game in a setting with contractual incompleteness and find that the method is not robust to subjects in different roles and treatments. We disclose by...
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The economic role of industrial equipment sector in the Korean national economy Applied Economics (IF 1.916) Pub Date : 2024-02-21 Jieun Lee, Heetae Kim, Kiho Kwak
After Japan began to regulate the exportation of core semiconductor materials in July 2019, the Korean government initiated a policy to strengthen the competitiveness of the local industry value ch...
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Examining the impact of topcodes adjustment on studies of gender earnings inequality in the US: evidence from March CPS data Applied Economics (IF 1.916) Pub Date : 2024-02-20 Qian Sun, Zhiqi Zhao, Rui Zhou
Topcoded survey data has been widely used for studies of gender earnings inequality. How robust are these studies to the choice of topcode adjustment methods? We examine this issue using the public...
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The probability of Chapter 11 firms refiling again: a censored hazard approach Applied Economics (IF 1.916) Pub Date : 2024-02-20 Jean Pierre Fenech, Barry Williams, Simon Yap
Firms seeking bankruptcy protection for the second time may seem inefficient, particularly for courts and other key stakeholders involved in the debtor firm’s reorganization process. In our study, ...
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The inflation hedging property of art: evidence from the US, UK and France Applied Economics (IF 1.916) Pub Date : 2024-02-18 Zhiyuan Zhang, Qinglin Sun, Zichen Wang
This study uses a nonlinear autoregressive distributed lag (NARDL) model to investigate the potential of art as a hedge against inflation. The analysis is based on quarterly data of art price index...
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Exchange rates and trade balance dynamics: a quantile regression analysis Applied Economics (IF 1.916) Pub Date : 2024-02-14 Teo Geldner
This paper investigates how trade balances respond to fluctuations in exchange rates among the industrialized G10 and emerging BRICS countries, applying a nonlinear quantile regression methodology....
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Research on the impact of financialization of high-tech manufacturing listed companies on real investment Applied Economics (IF 1.916) Pub Date : 2024-02-16 Yang Li, Yuanzhu Wang, Rui Ma, Ruixuan Wang
As economic globalization deepens, financialization becomes a driving force for global economic development. Financialization in high-tech manufacturing companies optimizes capital allocation and e...
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Analysis of the determinants of support and participation in carbon tax riots in France Applied Economics (IF 1.916) Pub Date : 2024-02-16 Alexandre Mayol, Simon Porcher
This study examines the drivers of support for and participation in the Yellow Vests movement in France, which emerged in response to creating a carbon tax on fuel. Using a representative survey of...
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Construction of a composite fintech index to measure financial inclusion for developing countries Applied Economics (IF 1.916) Pub Date : 2024-02-14 Changjun Zheng, Md Ataur Rahman, Shahadat Hossain, Md. Nur Alam Siddik
This study estimates fintech-driven financial inclusion in developing economies across three dimensions: availability, penetration, and usage. To create a new composite fintech index (FI) to measur...
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Revisiting the effect of trustworthy face and attractive appearance on trust and trustworthiness behavior Applied Economics (IF 1.916) Pub Date : 2024-02-14 Ziyun Suo, Qinxin Guo, Junyi Shen
In a trust game experiment with Chinese participants, we investigate the effects of trustworthy faces and attractive appearances on trust and trustworthiness behaviour. The participants played the ...
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Impact of Weibo sentiment and R&D innovation as signalling mechanisms on venture corporate financing Applied Economics (IF 1.916) Pub Date : 2024-02-15 Bo Zha
Weibo sentiment and R&D innovation are important signals that influence the financing processes of venture corporations. We collect relevant data between 1 January 2011, and 31 December 2020, to an...
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The impact of economic policy uncertainty on the profitability of textile industry: evidence from BRIC countries Applied Economics (IF 1.916) Pub Date : 2024-02-14 Muhammet Sait Çakır, Alper Ova
There has recently been a growing interest in the impact of economic policy uncertainty at the micro- and macro-level in developing and emerging market economies. This study aims to analyse the imp...
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Mispricing in linear asset pricing models Applied Economics (IF 1.916) Pub Date : 2024-02-14 Qiang Kang
In the framework of a reduced-form asset pricing model featuring linear-in-instrument betas and time-varying risk premiums and allowing for missing factors, I propose a measure of mispricing that i...
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Parental involvement and education outcomes of their children Applied Economics (IF 1.916) Pub Date : 2024-02-14 Klara Kantova
This study investigates the impact of parental involvement on the education outcomes of their children, specifically focusing on the completion of high school. It extends the existing literature by...
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A cost-benefit analysis of beta-blockers, including the benefits of reducing the symptoms of dementia Applied Economics (IF 1.916) Pub Date : 2024-02-14 Robert J. Brent
Hypertension and vascular dementia are both widely prevalent in older adults. Anything that reduces hypertension, such as beta-blockers (BB), could be expected to also reduce dementia symptoms. We ...
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Revisit energy consumption, economic growth and carbon dioxide emissions links in transition countries using a new developed Quantile_on_Quantile approach Applied Economics (IF 1.916) Pub Date : 2024-02-14 Tsung-Hsien Chen, Hao Wen Chang, Alexey Mikhaylov, Tsangyao Chang
We investigate the links between energy consumption, carbon dioxide (henceforth, CO2) emissions, and economic growth in 6 transition countries for the period 1970–2021 by applying novel Quantile_on...
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The role of economies of scale and efficiency in food shopping and management routines in reducing household food waste: the Italian case Applied Economics (IF 1.916) Pub Date : 2024-02-14 Massimiliano Agovino, Azzurra Annunziata, Angela Mariani
Household food waste (HFW) represents a challenge which needs to be halved in order to achieve the Sustainable Development Goals (SDGs) by 2030. Addressing food waste at households level is strateg...
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The asymmetric impact of oil market shocks on the time-varying connectedness and spillover of financial stress Applied Economics (IF 1.916) Pub Date : 2024-02-12 Md. Rafayet Alam, Md. Abdur Rahman Forhad
Applying a novel time-varying parameter VAR (TVP-VAR) extended joint connectedness approach this study first examines the connectedness and spillover of financial stress among twelve large Asian ec...
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Navigating trade policy uncertainty: Conservatism in cash holding and investment Applied Economics (IF 1.916) Pub Date : 2024-02-12 Nathaniel P. Graham, Xinhui Huang, Lukai Yang
Amidst the escalating attention paid to trade policy uncertainty (TPU), we explore its influence on crucial corporate strategic decisions – cash holdings and investment choices. Using an ordinary l...
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Children’s gender and parents’ long-term care arrangements: evidence from China Applied Economics (IF 1.916) Pub Date : 2024-02-12 Huasheng Gao, Rui Li, Jianhong Shen, Huiting Yang
There has been a puzzle in China that despite the increasingly ageing population in recent years, the demand for nursing homes continues to decline. This paper provides a new explanation of this pu...
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Seizing the day: increasing entrepreneurial activity in the wake of resource windfalls through FDI, human capital, and democracy Applied Economics (IF 1.916) Pub Date : 2024-02-08 Pankaj C. Patel
We analyse the influence of exogenous resource windfalls on country-level entrepreneurial activity, emphasizing the importance of subsequent enhancements in net FDI inflows and democratization. Non...
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Estimating demand systems with corner solutions: the performance of Tobit-based approaches Applied Economics (IF 1.916) Pub Date : 2024-02-12 Kyunghoon Ban, Sergio H. Lence
Since the introduction of the Tobit framework to perform estimation involving censored dependent variables, practitioners have been facing a clear trade-off between flexibility and theoretical plau...
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Complexity and competing interests: what factors bear on payment choices and financial decisions made for older people entering nursing homes? Applied Economics (IF 1.916) Pub Date : 2024-02-12 Anam Bilgrami, Henry Cutler, Yuanyuan Gu, Mona Aghdaee, Megan Gu
Each year, many frail older people in Australia and their informal carers, are faced with the complex choice of how to pay for nursing home accommodation (through a refundable, one-off lump sum pay...
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Housing market convergence: evidence from Germany Applied Economics (IF 1.916) Pub Date : 2024-02-12 Umut Unal, Bernd Hayo, Isil Erol
This paper analyses the convergence patterns of German housing prices and rents, employing a new dataset covering the country’s administrative districts. In addition to conventional tests for β-con...
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Contagion mechanisms under heterogeneous beliefs Applied Economics (IF 1.916) Pub Date : 2024-02-12 Yu Yan, Yan Tong, Yiming Wang
A continuous-time heterogeneous belief model is developed to discuss the mechanisms of the formation of contagion phenomena. Various mechanisms of contagion formation, such as price learning, infor...
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Volatility and dependence in crude oil and agricultural commodity markets Applied Economics (IF 1.916) Pub Date : 2024-02-12 Jinan Liu, Apostolos Serletis
This paper studies the evolution, volatility dynamics, and nonlinear dynamics between crude oil prices and major agricultural commodity prices. Semiparametric GARCH-in-Mean copula models are applie...
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Technical efficiency, scale effect, and trade liberalization: evidence from the Nepalese manufacturing sector Applied Economics (IF 1.916) Pub Date : 2024-02-09 Amrit Pathak, Shawn Leu, Mari L. Robertson, Mahinda Siriwardana
This paper investigates the impact of trade liberalization and scale of operation on technical efficiency of the Nepalese manufacturing sector after the 1992 economic liberalization. The study util...
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Has the efficiency and productivity of the health system in India improved during post-policy period? Application of the bootstrap data envelopment analysis and Malmquist productivity index Applied Economics (IF 1.916) Pub Date : 2024-02-07 Nutan Shashi Tigga, Pinak Sarkar
The efficiency and productivity of the health system are assessed using bootstrap data envelopment analysis and the bootstrap Malmquist productivity index across 21 states of India against the back...
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Decentralization and the environment: cross-country evidence Applied Economics (IF 1.916) Pub Date : 2024-02-06 Luiz de Mello, João Tovar Jalles
Environment policies have evolved over the years around the world, in part due to growing awareness among the population of the challenges posed by climate change. The decentralization of policymak...
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A census of the green economy: measuring marijuana employment, businesses, and payroll in four states Applied Economics (IF 1.916) Pub Date : 2024-02-05 Zhaochen He, Travis K. Taylor, Martin Andersen, Beau Whitney
The recent legalization of cannabis across many U.S. states affords economists an opportunity to observe the birth, development, and consolidation of a new industry. The present study characterizes...
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Assessing heterogeneous time-varying impacts in the debt-growth nexus Applied Economics (IF 1.916) Pub Date : 2024-02-06 Marta Gómez-Puig, Simón Sosvilla-Rivero
We empirically identify, measure, and describe the heterogeneity of the debt-growth nexus and the underlying factors that may explain it using panel data for 115 countries from 1995 to 2016. First,...
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Directors and officers liability insurance and the wealth effect of M&A announcements Applied Economics (IF 1.916) Pub Date : 2024-02-04 Thi Bao Ngoc Nguyen, Li-Feng Lin, Li-Cheng Chin, Min-Der Hsieh
We explore the association between Directors and Officers Liability Insurance (D&O insurance) and the valuation of mergers and acquisitions (M&As) from the perspective of the monitoring hypothesis ...
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Constructing a robust data envelopment analysis model to evaluate the profitability efficiency of banks with financial loss Applied Economics (IF 1.916) Pub Date : 2024-02-01 Li-Ting Yeh
This paper introduces a robust data envelopment analysis (DEA) model to address the limitations of traditional models in handling nonpositive data and applies it to measure the profitability effici...
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Are input-output coefficients really fixed? Applied Economics (IF 1.916) Pub Date : 2024-02-01 Marc Jim M. Mariano, George Verikios, Kenneth W. Clements
It is standard practice to treat input-output (I-O) technical coefficients as fixed. The coefficients are fixed when σ, the elasticity of substitution, is zero, a restriction mostly not supported b...
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A difference-in-differences analysis of the impact of government financial subsidies on mobile app usage: a natural experiment during COVID-19 Applied Economics (IF 1.916) Pub Date : 2024-01-31 Hwang Kim
This study examines the impact of financial subsidies provided by the Korean government to help people during economic crises or natural disasters such as the COVID-19 pandemic. To this end, we con...
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Effectiveness of the main national pro-poor targeted program in Armenia: evidence from the period 2004–2018 Applied Economics (IF 1.916) Pub Date : 2024-02-05 Aleksandr Grigoryan, Knar Khachatryan, Pundarik Mukhopadhaya
Using the Armenian Household Survey data for 2004–2018 this study explores the causal effect of family benefits, the country’s main poverty targeted program, on multidimensional and monetary povert...