The economic situation of farms is determined by a number of factors, which have been widely described in the literature. One factor is market integration, which shapes the farmer's position in the food supply chain. The involvement of farmers in the integration may be related to their social...

Climate risks are worsening and threaten food and nutrition security and global food markets. This report explores how shocks, food price policies, and food trade affect Food and Nutrition Security (FNS) in an era of changing climate. It aims to guide policy responses to climate change's...

To test the localized tastes hypothesis, we use historical dialect similarity as an instrument to predict the persistent component of regional taste differences. Analyzing wholesale markets for fruits and vegetables in Japan, we find that predicted taste differences have a strong, statistically...

To test the localized tastes hypothesis, we use historical dialect similarity as an instrument to predict the persistent component of regional taste differences. Analyzing wholesale markets for fruits and vegetables in Japan, we find that predicted taste differences have a strong, statistically...

Purpose This study investigates the influence of trading mechanisms on cross-market integration between stocks and corporate bonds on the Tel Aviv Stock Exchange (TASE) during the COVID-19 crisis. Unlike the worldwide practice of trading corporate bonds on an over-the-counter (OTC) market, TASE...

How does electricity market integration affect cross-border electricity flows, wholesale prices and renewable electricity generation? We employ a synthetic control method to contribute to literature on electricity market integration using the 2018 integration of Ireland's Single Electricity...

To test the localized tastes hypothesis, we use historical dialect similarity as an instrument to predict the persistent component of regional taste differences. Analyzing wholesale markets for fruits and vegetables in Japan, we find that predicted taste differences have a strong, statistically...

Transformation of the food system is critical in the face of growing challenges such as climate change. Smallholder farmers in the Global South are particularly vulnerable to these challenges, often living in poverty. One potential pathway to increasing their resilience and income is through...

State-sponsored cyber attacks are increasingly attracting attention in the literature, with many analysts interested in the firm-level economic implications of these attacks. Nevertheless, the bulk of these studies focus on firms directly targeted in the attacks. In this paper, I examine the...

This paper applies the Seo and Shin (2016) method for estimating dynamic panels with endogenous threshold effects to obtain new, robust evidence on nonlinearities in the relationship between international financial integration (IFI) and economic growth. This approach is based on a...

This paper highlights recent trends in the Kosovo labor market and emigration. Like other Western Balkan countries, Kosovo experienced a sharp decline in population over the previous decade, as emigration increased. Using a structural model of the labor market and migration, the paper examines...

Per capita growth of the Mexican economy has lagged behind G20 peers in past decades with notable disparities between the north and south. In this paper, we build on the income convergence literature by examining the impact of domestic market integration on regional growth. To this end, we...

The European Union needs a single market for capital. Well-developed and integrated capital markets are necessary to support economic growth and resilience across the region, while offering benefits for businesses, households and financial stability. This paper examines the importance of the CMU...

This research examines spatial integration in Mexican regional-food markets, with an emphasis on the degree of processing. The analysis employs a pairwise approach to evaluate the convergence of price differentials for each item across city pairs. Additionally, it examines the influence of...

Food price volatility is a persistent challenge in Indonesia, where agriculture is central to food security and rural livelihoods. While price transmission has been studied, little is known about how volatility spreads sub-nationally in archipelagic economies with fragmented infrastructure. This...

To explore the relationship between financial integration and economic growth in the 16 cities within China's Chengdu-Chongqing Economic Circle (CCEC) from 2010 to 2019, this paper utilizes the Principal Component Analysis (PCA) to identify the degree of financial agglomeration, the Wilson Model...

Electric vehicles (EVs) are transforming the transportation landscape through rapid technological advancements and a growing focus on sustainability. This review offers a structured, multi-dimensional synthesis of the EV ecosystem, examining its historical evolution, core technologies, market...

This paper documents a new consequence of market integration: local reallocation, i.e., the exit of some workers from production even though employment increases in the same area and industry. Thanks to new data on over 150,000 personal bankruptcies combined with detailed microcensus data from...

This paper introduces a novel Bayesian reverse unrestricted mixed-frequency model applied to a panel of nine European electricity markets. Our model analyzes the impact of daily fossil fuel prices and hourly renewable energy generation on hourly electricity prices, employing a hierarchical...

Markets for millet and rice in the Western Sudan became much more integrated over the course of the twentieth century. Drawing on a new dataset of prices from across French West African colonies, this paper documents that price dispersion as measured by the coefficient of variation roughly...

This paper documents a new consequence of market integration: local reallocation, i.e., the exit of some workers from production even though employment increases in the same area and industry. Thanks to new data on over 150,000 personal bankruptcies combined with detailed microcensus data from...

With the capital markets union (CMU), the European Union embarked on one of its yet most ambitious and potentially most relevant reform projects. However, the huge potential for the European economy by a genuine CMU has not yet been realized. The key reason for this is that an important...

Our study examines the integration of food markets in West African Economic and Monetary Union (WAEMU) and assesses the role of bilateral trade. In this study, we hypothesize that each country has a market. We adopted the framework borrowed from Ravallion using a dynamic panel model. The...

In its first ten years (2014-2023), the banking union was successful in its prudential agenda but failed spectacularly in its underlying objective: establishing a single banking market in the euro area. This goal is now more important than ever, and easier to attain than at any time in the last...

Over the past decade, the Single Supervisory Mechanism focused on making banks safer, resulting in stronger banks but limited euro area cross-border integration. We argue that overbanking hinders both cross-border integration for the EU and the development and integration of capital markets. In...

Over the past decade, the Single Supervisory Mechanism focused on making banks safer, resulting in stronger banks but limited euro area cross-border integration. We argue that overbanking hinders both cross-border integration for the EU and the development and integration of capital markets. In...

We address the role of the Banking Union (BU) in promoting market integration and the lessons it provides for the Capital Markets Union (CMU). First, we tackle BU's establishment, exploring whether it has achieved its original goals and discussing its main shortcomings. Second, we address market...

We address the role of the Banking Union (BU) in promoting market integration and the lessons it provides for the Capital Markets Union (CMU). First, we tackle BU's establishment, exploring whether it has achieved its original goals and discussing its main shortcomings. Second, we address market...