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Energy prices and exchange rates in the Eurasian Economic Union: evidence from Fourier Toda-Yamamoto approach Applied Economics (IF 1.916) Pub Date : 2024-04-17 Elif Hilal Nazlıoğlu, Uğur Soytaş
Even though there is a growing literature on the co-movement between energy and currency markets, this issue is still unclear for the Eurasian Economic Union (EEU) countries. Based on this gap in t...
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Who promotes firm innovation more: outside or inside political successor? Applied Economics (IF 1.916) Pub Date : 2024-04-16 Yumei Chen, Qiwei Zhao
Whereas researchers have demonstrated the relevance of politician turnover for firm innovation, the role of successor origin has remained elusive. This paper compares internally and externally appo...
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Impact on the performance of esg indices: a comparative study in Brazil and international markets Applied Economics (IF 1.916) Pub Date : 2024-04-16 Rodrigo da Gama Pinheiro, Frederico Gomes de Alencar, Hugo Santana de Figueirêdo Junior
The frequent use of Socially Responsible Investment (SRI) indices by market in developed countries has motivated the investigation of the performance of portfolios using SRI indices in Brazil, wher...
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Small and medium-sized enterprises in emerging markets and foreign direct investment: an integrated multi-criteria decision-making approach Applied Economics (IF 1.916) Pub Date : 2024-04-16 Farhan Muhammad Muneeb, Amir Karbassi Yazdi, Thomas Hanne, Arkadiusz Mironko
This study examines the impact of critical success factors (CSFs) on small and medium-sized enterprises (SMEs). We propose a strategic roadmap for early internationalization strategies to promote f...
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Effects of social relations on family’s participation in commercial insurance—based on the perspective of strong and weak relations Applied Economics (IF 1.916) Pub Date : 2024-04-15 Xiaoquan Wang, Dandan Huang, Xiqian Feng, Yu Yan
Social relations, as a form of informal insurance system, exert both a promotional and a substitution effect on household participation in commercial insurance market. This study, rooted in social ...
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Space activity and environmental quality Applied Economics (IF 1.916) Pub Date : 2024-04-15 Ficawoyi Donou-Adonsou, Morgan Larick, Adrienne Schupp, Christine Besenfelder, Michael Greenland, Connor Morrissey, Ynyra Bohan, Jack Pusloskie, Chandler Bankey, Paul Boutros, Richard Porrello, Samuel Holt, Ryan Kiley, Adam Shah
Space exploration has gained momentum over the last few decades. But what are the environmental impacts of space activity? While climatologists have a keen interest in this question, economic resea...
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The role of trade openness and labour productivity on mineral rents: evidence from East Asian countries Applied Economics (IF 1.916) Pub Date : 2024-04-15 Shanshan Dou, Xueting Wang, Junguo Shi, Sufyan Sannah Gbolo
This study examined the sustainability of East Asian countries’ extended reliance on mineral resource exports and foreign investment inflows for economic growth. By analysing panel data from 11 Eas...
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How does digital transformation affect enterprise diversification? Applied Economics (IF 1.916) Pub Date : 2024-04-14 Jiyuan Zhang, Xingquan Yang, Lei Wang
Digital economy has become an innovation for social and economic development. As important for the implementation of digitalization, will the digitalization of factors in the context of reconstruct...
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Partner diversity and the survival of joint ventures Applied Economics (IF 1.916) Pub Date : 2024-04-12 He Liang, Xiaoli Luan, Junru Guo, Qingxin Lan
This paper empirically examines how sources of partner diversity affect the duration of international joint ventures (JVs). We argue that synergy effect among multi-party JVs causes complementary a...
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Augmenting input-output system under the curse of dimensionality: AHP-RAS integration and algorithm simulation Applied Economics (IF 1.916) Pub Date : 2024-04-11 Xiaohua Xia, Jionghao Huang, Xintong Zhu
In the estimation of input-output tables, one frequently encountered challenge is the aggregation of sectors in initial tables, which complicates the estimation of more detailed tables due to missi...
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Discretionary household consumption expenditure in the UK: measurement and evaluation Applied Economics (IF 1.916) Pub Date : 2024-04-11 Robert Gausden, Mohammad Hasan
The current cost-of-living crisis which is afflicting several countries has hastened the need to be able to distinguish between essential and inessential items of spending. Hence, the principal pur...
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Terms-of-trade and welfare effects of the 2018–2019 US tariff hikes on electrical equipment and plastics Applied Economics (IF 1.916) Pub Date : 2024-04-10 Mamit Deme, Ali M.A. Mahmoud
Despite theoretical analyses of the welfare impact of higher tariffs, empirical studies remain relatively scarce. This study bridges this gap by examining the price, terms-of-trade, and welfare eff...
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An economic evaluation of antipsychotic medications given to persons with dementia Applied Economics (IF 1.916) Pub Date : 2024-04-10 Robert J. Brent
Persons with dementia are often prescribed with antipsychotic medications, AP, even when they do not have the symptoms for which these medications were designed to treat. It is well documented that...
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Understanding the dynamics of dining out food waste: exploring the price effect and heterogeneities Applied Economics (IF 1.916) Pub Date : 2024-04-10 Ming Yuan, Junfei Bai, Shengkui Cheng
Dining out food waste has garnered considerable global attention in recent years. This study empirically analyses the impact of food prices on dining out food waste based on a comprehensive micro-s...
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Realized semibetas in the Australian stock market Applied Economics (IF 1.916) Pub Date : 2024-04-09 Jinze Li, Bin Li, Jen-Je Su
This study examines the explanatory power of the CAPM and downside risk asset pricing models (the downside beta and the realized semibeta models) for the next-month firm-level cross-sectional stock...
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Synergy between monetary and non-monetary interventions: experimental evidence on crowdfunding techniques for R&D in new energy sources Applied Economics (IF 1.916) Pub Date : 2024-04-09 Tetsuya Kawamura, Takanori Ida, Kazuhito Ogawa
Crowdfunding is a well-known method for financing research and development (R&D). Nonetheless, it remains necessary to discover effective ways to get more people involved and encourage them to cont...
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What can we learn from industry-level (aggregate) production functions? Applied Economics (IF 1.916) Pub Date : 2024-04-09 Ben Filewod
Recent work has revived two intertwined challenges to aggregate production functions (the ‘identity’ and ‘aggregation’ problems). This paper examines both problems in the context of aggregate indus...
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Mental and physical health: the mediating role of physical activity Applied Economics (IF 1.916) Pub Date : 2024-04-09 Liyuan Yang, Vasileios Zikos
Mental health problems are on the rise and affect the lives of millions of people globally. Research has shown that individuals with better mental health tend to have better physical health, but th...
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Even more discouraged? The NEET generation at the age of COVID-19 Applied Economics (IF 1.916) Pub Date : 2024-04-09 Carmen Aina, Irene Brunetti, Chiara Mussida, Sergio Scicchitano
The Not in Education, Employment or Training (NEET) status is a long-standing problem that occupies a priority role in the European policy agenda, even more during the post-COVID-19 outbreak. This ...
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Forecasting the future: applying Bayesian model averaging for exchange rates drivers in Ghana Applied Economics (IF 1.916) Pub Date : 2024-04-08 Joseph Agyapong, Eric Atanga Ayamga, Suleman Ibrahim Anyars
Exchange rate forecasts and stability have been a challenge for developing economies. This study analyses the possible exchange rate predictors in Ghana that are needed for policymaking. We perform...
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CAMELS-DEA in assessing the role of major factors in achieving higher efficiency levels: evidence from Turkish banks Applied Economics (IF 1.916) Pub Date : 2024-04-08 Haibo Wang, Lutfu S. Sua, Burak Dolar
This study investigates the efficiency of Turkish banks from 2010 to 2023 under unconventional central bank monetary policies, a departure from studies in developed economies using Capital adequacy...
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Climate risk and the idiosyncratic volatility puzzle Applied Economics (IF 1.916) Pub Date : 2024-04-08 Kasun Perera, Duminda Kuruppuarachchi, Sriyalatha Kumarasinghe, Muhammad Tahir Suleman
Our study offers intriguing evidence on the much-debated idiosyncratic volatility (IdVol) puzzle from a climate risk perspective. Using a set of US-listed stocks from July 2010 to December 2019, ou...
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Sovereign debt and sovereign risk: a systematic review and meta-analysis Applied Economics (IF 1.916) Pub Date : 2024-04-08 Xiaolei Sun, Yiran Shen, Guowen Li
This paper presents a panoramic overview of sovereign risk research. Based on 143 top papers and 2343 mainstream papers retrieved, bibliometric analysis and content analysis are combined to provide...
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Quantile frequency connectedness between crude oil volatility, geopolitical risk and major agriculture and livestock markets Applied Economics (IF 1.916) Pub Date : 2024-04-08 Hongjun Zeng, Wen Xu, Ran Lu
This article investigates the quantile frequency risk connectedness between the global geopolitical risk (GPR) index, the CBOE Crude Oil Volatility Index (OVX), and the major agricultural and lives...
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Achieving sustainable development in Africa: to what extent trade facilitation matter*? Applied Economics (IF 1.916) Pub Date : 2024-04-08 Moukaila Mouzamilou Takpara, Aminou Yaya, Assimiou Gande, Akilou Amadou
Despite the extensive literature on trade facilitation and economic development, little is known about the empirical nexus of trade facilitation and sustainable development. This article analyses t...
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Venture debt financing and firm development: evidence from Indian entrepreneurial landscape Applied Economics (IF 1.916) Pub Date : 2024-04-04 Poonam Dugar, Vinodh Madhavan, Parag Patel, Satish Kumar
This paper explores the impact of Venture Debt (VD) funding on Indian firms’ development outcomes. We define success of funding round (FR) of a firm as (a) the prevalence of a subsequent FR and (b)...
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Has Japan’s work style reform had the intended effect? Applied Economics (IF 1.916) Pub Date : 2024-04-03 Kohei Takahashi, Naomi Kodama, Kentaro Arita, Haruka Kazama, Saisuke Sakai, Masaya Takeuchi, Hideo Owan
Since 2016, the Japanese government has promoted the reform of work styles to reduce working hours, facilitate flexible working arrangements, and ensure the fair treatment of nonregular workers whi...
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Spillover effects of economic policy uncertainty among the US and BRIC countries: based on time and frequency domain perspectives Applied Economics (IF 1.916) Pub Date : 2024-04-02 Junjie Guo, Yingce Yang, Ruihong He
This study examines the static and dynamic spillover effects of economic policy uncertainty (EPU) among US and BRIC countries. We investigate their connectedness both in the time and frequency doma...
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Combining low-volatility and momentum: recent evidence from the Nordic equities Applied Economics (IF 1.916) Pub Date : 2024-04-05 Klaus Grobys, Veda Fatmy, Topias Rajalin
This paper investigates the profitability of combined low-volatility and momentum investment strategies in the Nordic stock markets from January 1999 to September 2022. Confirming earlier studies, ...
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The impact of digitalization on the efficiency of innovation factor allocation: from the perspective of factor flow Applied Economics (IF 1.916) Pub Date : 2024-04-03 Jinying Chen, Yufen Chen
The quick progress of digitalization has caused profound impacts on innovation activities. However, the impact and mechanism of digitalization on the efficiency of innovation factor allocation rema...
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Awareness begets action: public climate attention and corporate green innovation Applied Economics (IF 1.916) Pub Date : 2024-04-03 Sirui Wang, Dengshi Huang, Chao Liang
In this study, we examine the effect and mechanism of public climate attention on corporate green innovation. We find that green innovation strengthens with increasing degrees of public climate att...
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Option-implied volatility spillovers between onshore and offshore RMB exchange rates Applied Economics (IF 1.916) Pub Date : 2024-04-03 Fengwei Yang, Lei Zhang, Meisha Zhang
This research examines the spillovers of option-implied volatilities between onshore and offshore RMB exchange rates from static and dynamic, symmetric and asymmetric perspectives during the period...
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Modeling and optimal control of nonlinear fractional order chaotic system of factors affecting money laundering: genetic algorithms and particle swarm optimization Applied Economics (IF 1.916) Pub Date : 2024-04-03 Shaban Mohammadi, S. Reza Hejazi, Hadi Saeidi, Ghasem ElahiShirvan
The purpose of this article is to model and optimally control the non-linear chaotic system of the fractional order of factors affecting money laundering. The model of factors affecting money laund...
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The lead lag relationship between convertible bonds and stocks: a perspective based on trading mechanism Applied Economics (IF 1.916) Pub Date : 2024-04-02 Liwei Jin, Xianghui Yuan, Keji Lu, Shihao Wang, Zhichao Li
Based on minute-level high-frequency data, this paper examines the lead-lag relationship between convertible bonds and the stock market by using the thermal optimal path method. It is found that co...
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Reassessing customer discrimination in local market National Basketball Association television viewership Applied Economics (IF 1.916) Pub Date : 2024-04-02 Byungju Kang, Steven Salaga, Michael Mondello
This study revisits the question of whether evidence of race-based customer discrimination exists in local market television viewership. We assess how consumers in 27 of the largest U.S. media mark...
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Fiscal sustainability, fiscal reactions, pitfalls and determinants Applied Economics (IF 1.916) Pub Date : 2024-04-02 António Afonso, José Carlos Coelho
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues a...
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National culture and environmental, social, governance controversies: a cross-country evidence Applied Economics (IF 1.916) Pub Date : 2024-03-30 Ranjan DasGupta
Empirical literature is silent in examining the impact of informal institutions on firm-level environmental, social, governance [ESG] controversies. This study aims to fill this research gap by inv...
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“Blood-transfusion” or “blood-making”: the impact of public transfer payment on labour supply Applied Economics (IF 1.916) Pub Date : 2024-03-30 Cai Zhou, Chen Zhang, Tianlei Bai, Chao Xu
Leveraging the ‘blood-making’ function of public transfer payments and stimulating the endogenous motivation of beneficiaries are key focus for poverty alleviation worldwide. Based on the data from...
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The self-contagion effect of a stock crash on the market response of the auditor’s other client Applied Economics (IF 1.916) Pub Date : 2024-03-30 Seonju Yoon, Suyon Kim
This study aims to find out how information regarding a firm’s stock crash affects the stock price of other firms with the same auditor using 3,916 corporations listed in Korean stock market. The r...
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To heat or burn? Evidence from heated tobacco product adoption in South Korea Applied Economics (IF 1.916) Pub Date : 2024-03-29 Seulgi Yoo, Woo-Hyung Hong, Donggyu Yi
This paper examines the determinants that induce smokers to switch from conventional cigarettes to heated tobacco products (HTPs). To this end, we collected survey data for Korean adults consisting...
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The reverse mortgage market in New Zealand: key drivers of loan determination Applied Economics (IF 1.916) Pub Date : 2024-03-29 Norman Hutchison, Bryan MacGregor, Thanh Ngo, Graham Squires, Don J Webber
This paper examines the drivers of loan principals in the reverse mortgage and equity release market in New Zealand using a hedonic price model (HPM) approach. Our analysis using reverse mortgages ...
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An empirical study of firm characteristics, degree of informality, and productivity heterogeneity in the Indian informal sector Applied Economics (IF 1.916) Pub Date : 2024-03-28 Lokesh Posti, Abhradeep Maiti, Sabyasachi Patra
Traditionally, informal firms are assumed to be a homogeneous mix of firms structurally different from formal firms. However, the emerging literature recognizes the high level of heterogeneity amon...
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What drives currency connectedness? Evidence from the BRICS currencies Applied Economics (IF 1.916) Pub Date : 2024-03-27 Shi He, Zhengtao Cheng, Wenhao Wang, Zihao Luo
With the rapid growth of the BRICS countries, their currencies have attracted wide attention. This study examines the dynamic connectedness of BRICS currencies and identifies the drivers of currenc...
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Do the advantages of offshore exchanges enhance hedging effectiveness? - evidence from Japanese and Indian dual-listed index futures Applied Economics (IF 1.916) Pub Date : 2024-03-23 Sivakumar Sundararajan, Senthil Arasu Balasubramanian
This study aims to evaluate the hedging effectiveness of dual-listed Indian Nifty-50 and Japanese Nikkei-225 stock index futures with varied contract characteristics under different market conditio...
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Unveiling the asymmetric effects: global value chain participation and income inequality Applied Economics (IF 1.916) Pub Date : 2024-03-23 Jithin P
This study employs a panel nonlinear ARDL model to analyse the asymmetric effects of global value chain participation and its components (forward and backward participation) on income inequality ac...
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The impact of name, image, and likeness contracts on student-athlete college choice Applied Economics (IF 1.916) Pub Date : 2024-03-23 Mark F. Owens, Adam D. Rennhoff, Michael A. Roach
We estimate how ‘Name, Image, and Likeness’ (NIL) contracts affect NCAA football recruiting outcomes. We model recruiting as a multistage process, where schools make scholarship offers to athletes ...
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Towards green governance and real economy development: how digital technology affects health human resource allocation? Applied Economics (IF 1.916) Pub Date : 2024-03-20 Baoliu Liu, Javier Cifuentes-Faura, Xiaoqian Liu, Chante Jian Ding
The adoption and integration of digital technology have profoundly reshaped societal and environmental governance within the healthcare sector. This study aims to explore the influence of digital t...
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CSR performance of dual-class firms in different life cycle stages Applied Economics (IF 1.916) Pub Date : 2024-03-22 Haomin Zhang, Haibo Ye, Longxu Dong, Junjie Wang
This paper investigates the relationship between corporate social responsibility (CSR) performance and different phases within a firm’s life cycle. Drawing on a sample of U.S. public firms spanning...
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Do the impacts of the futures-spot spread and skewness on the interdependence between spot and futures markets differ across regimes and energy commodities markets? Applied Economics (IF 1.916) Pub Date : 2024-03-22 Kuang-Liang Chang
This paper investigates whether the impacts of the futures-spot spread and skewness on the interdependence between spot and futures markets differ across regimes (backwardation and contango) and en...
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Testing the Zipf’s law under heterogeneous urban-rural hierarchies with spatial quantile regressions Applied Economics (IF 1.916) Pub Date : 2024-03-21 Clio Ciaschini, Rosanna Salvia, Margherita Carlucci, Luca Salvati
Despite the widespread recognition of Zipf’s law in urban economics, empirical evidence reveals deviations from the strict adherence to its postulated parameters. In our contribution to this ongoin...
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The effect of environment, social and governance on demand and supply of debt Applied Economics (IF 1.916) Pub Date : 2024-03-21 Flávio Morais, Joaquim Ferreira, Luís Marques, Joaquim Ramalho
This paper investigates how Environment, Social and Governance (ESG) performance affects the zero-leverage phenomenon. Using a sample of European-listed firms for the 2002–2020 period and bivariate...
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The adaptive markets hypothesis: Insights into small stock market efficiency Applied Economics (IF 1.916) Pub Date : 2024-03-21 Mikael Rönkkö, Joonas Holmi, Mervi Niskanen, Markus Mättö
In this paper, we explore whether the adaptive markets hypothesis (AMH) describes the efficiency of the Finnish stock market better than the efficient markets hypothesis (EMH) does. Building on thi...
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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...