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Impact of ICT Infrastructure, Financial Development, and Trade Openness on Economic Growth: New Evidence from Low- and High-Income Countries
This study investigates the joint impact of information communications technology (ICT) infrastructure, financial development (FD), and trade...
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Routine-Biased Technological Change and Declining Employment Rate of Immigrants
We find that routine-biased technological change decreases the employment-to-population ratio of foreign-born population over the last three decades...
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The Economics of Field Experiments
This chapter explains the basics of field experiments, which will be helpful to those who wish to conduct a field experiment. After summarizing the... -
The Influence of Indirect Democracy and Leadership Choice on Cooperation
The paper examines whether an institution has a differing impact on cooperation if it is introduced by a representative of the affected subjects...
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Multi-dimensional Panels in Health Economics with an Application on Antibiotic Consumption
Variation in healthcare use and health outcomes is a major concern for health policy. The availability of multi-dimensional administrative panel data... -
A meta-analysis of the multiplier effects of the money supply on prices
This paper seeks to identify what drives the heterogeneity of the empirical results regarding the macro-e conomic effect of the money supply on...
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The Predictability of Real Estate Excess Returns: An Out-of-Sample Economic Value Analysis
We examine the predictability of private and public real estate returns using recursive, out-of-sample, linear and Markov switching models, employing...
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Understanding the Impact of COVID-19 on Financial Markets: Animal Spirits or Black Swan?
This chapter investigates how the financial markets react to the coronavirus outbreak by utilizing an event-study approach. We consider several... -
Climate Disasters and the Macroeconomy: Does State-Dependence Matter? Evidence for the US
Global climate is changing, and the occurrence of climate disasters has been rising. There is growing concern that climate change is expected to...
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Professor C. R. Rao, the Founder President of the Indian Econometric Society is Awarded the International Prize in Statistics, 2023
As a Life Member of TIES and as a student of Dr. C. R. Rao the author pays a tribute to Dr. Rao on his being chosen for the International Statistics...
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Economics of Nutrition
This chapter brings together two broad sets of wicked challenges facing humanity today: climate change and malnutrition. Policy, institutional, and... -
An econometric identification of abnormally low bids in the procurement market: discriminant analysis
In the public construction procurement market, ‘abnormally low bids (ALB)’ are prevalent and they cause many social and economic problems. Also, when...
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Hysteresis, Inflation, and Secular Stagnation
This chapter reviews recent debates on the lasting effects of economic shocks that cause hysteresis and super-hysteresis in GDP. We provide an... -
Processing Trade, Tariff Reductions and Firm Productivity: Evidence from Chinese Firms
This article explores how reductions in tariffs on imported inputs and final goods affect the productivity of large Chinese trading firms, with the... -
Vertical Versus Horizontal Foreign Direct Investment and Technology Spillovers
Foreign direct investment (FDI) and international trade are two major channels of international diffusion of technological knowledge (Keller... -
Hedge Ratio Variation Under Different Energy Market Conditions: New Evidence by Using Quantile–Quantile Approach
In this research, we investigated the long-run and causal relationships between spot and futures prices of crude oil, natural gas, and gasoline using... -
Forecasting returns instead of prices exacerbates financial bubbles
Expectations of future returns are pivotal for investors’ trading decisions, and are therefore an important determinant of the evolution of actual...
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Time-variation in response of inflation to monetary policy shocks in India: evidence from TVP-VAR models
This study attempts to explore the time-variation in the response of inflation to monetary policy shocks in India for the period April 1999 to March...
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Institution, Institutional Change, and Economic Growth
The role of institutions in influencing economic growth has been increasingly recognized. Two countries with identical natural resources and cultural... -
Social aspiration reinforcement learning in Cournot games
We offer theoretical and experimental evidence showing that social aspiration learning converges to the Walrasian outcome in Cournot games....