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Energy abundance, the geographical distribution of manufacturing, and international trade
One of the main challenges of the current energy transition is how countries can deliver a low-carbon future while at the same time ensuring they can...
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Managers’ country-specific experience and outward foreign direct investment: China and cross-countries’ evidence
Using a sample of Chinese listed companies, we provide evidence that firms with managers’ country-specific experience (MCSE) are more likely to...
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On the effectiveness of quasi-universal transfers to older households: the case of Poland
One of the key challenges associated with current demographic trends is to provide adequate financial support to older households, which are more...
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Estimation of default and pricing for invoice trading (P2B) on crowdlending platforms
This study developed several machine learning models to predict defaults in the invoice-trading peer-to-business (P2B) market. Using techniques such...
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Do Countries Converge to Their Steady States at Different Rates?
Recent literature revisits cross-country convergence patterns over the last six decades. Whilst the debate has been about unconditional or...
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Did the Covid-19 Recession Increase the Demand for Digital Occupations in the USA? Evidence from Employment and Vacancies Data
This paper investigates whether Covid-19 increased the demand for digital occupations in the United States. Using O*NET data to capture the...
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Platform investment and seller competition in two-sided markets
Platforms can create value within their ecosystems through their investments. In this paper, we model a monopolistic platform choosing the level of a...
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On the effects of pessimism toward pollution-driven disasters on equity premiums
This study explores how investors’ subjective perception of pollution-driven disasters affects asset prices. Environmental pollution resulting from...
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Diversification across the life cycle of the firm: evidence from the IPO classes of 1998 and 1999
This paper uses business segment revenue data to examine the determinants of firm diversification over firm life cycles and whether diversification...
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Does a higher hashrate strengthen Bitcoin network security?
In the blockchain world, proof-of-work is the dominant protocol mechanism that determines the consensus of the ledger. The hashrate, a measure of the...
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Agglomeration economies and firm’s export intensity: evidence from Portuguese manufacturing SMEs
Export performance is a highly debated topic in the literature, with no consensus on how to measure it or what factors determine it. Most studies...
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Introduction: Consensus on Convergence
The lack of evidence for growth convergence between economies has resulted in two responses in the literature. One response has been to challenge the...
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Public investment, factor income taxation, and intergenerational welfare distribution in an overlap** generations model
This paper examines intergenerational welfare effects of public investment financed by factor income taxes in a perpetual-youth overlap**...
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Asymmetric connectedness between conventional and Islamic cryptocurrencies: Evidence from good and bad volatility spillovers
This paper examines the dynamics of the asymmetric volatility spillovers across four major cryptocurrencies comprising nearly 61% of cryptocurrency...
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Exchange Rate Regime Choices in Small Open Economies from Bretton Woods to Inflation Targeting
After centuries of metallic monies, for a long time, our understanding of fiat money had remained rudimentary and often controversial. Successive...
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Performance and investment styles of international multi-asset funds during market crises
This paper presents a comprehensive investigation into the performance of multi-asset funds investing internationally. Based on a custom-built...
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Appropriation and comparative advantage
This paper analyzes how appropriation impacts comparative advantage through the general equilibrium approach. We find that appropriation can always...
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The causal relationship between public debt and economic growth in G7 countries: new evidence from time and frequency domain approaches
Investigators of the public debt-economic growth nexus have yet to fully address the crucial issue of determining the direction of causality. There...
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Environmental policy, licensing strategy, and social welfare
This paper sets up a three-stage game (technology licensing, emission tax, and output) in which one foreign firm owns both process technology and...
