A literacy-targeted approach to economic instruction draws on insights from cognitive science. It highlights that students process complex economic information by constructing and modifying schemas that represent economic material. Following this approach, we developed a set of instructional...

This paper explores the application of machine learning (ML) techniques to nowcast the monthly year-over-year growth rate of both total and non-primary GDP in Peru. Using a comprehensive dataset that includes over 170 domestic and international predictors, we assess the predictive performance of...

This research aims to identify the dynamics of eco-innovations in Kazakhstan's small and medium-sized business sectors, as well as to assess the practical signifcance of these innovations for both ecology and society as a whole. To achieve this objective, a combination of methods was employed,...

In this work we analyze the evolution of productivity, in terms of the convergence of per capita income, of all the Spanish provinces, based on data from the previous decade. On the one hand, a cluster analysis allows us to group the Spanish provinces according to four income levels (low,...

The literature on growth in economics encompasses two main facets of thinking: the applicability of diminishing productivity of capital, as has been in the neoclassical growth model with exogenous technological progress, and the applicability of non-diminishing productivity of capital, as has...

Using a large cross-country dataset covering over 150 countries and more than 10 macroeconomic variables, this study examines the consistency of IMF World Economic Outlook (WEO) forecasts with the full information rational expectations (FIRE) hypothesis. Similar to Consensus Economics forecasts,...

The mission assisted the National Statistical Office of Malawi improve the quality of the published annual estimates of Gross Domestic Product (GDP), progressed the use of Value Added Tax (VAT) data as a basis for developing quarterly series and supported development of current price estimates...

This paper examines the relationship between unemployment rate, inflation rate and economic output in Britain over 34 years. It utilizes a range of different time series techniques, including the ADF and PP unit root test, the autoregressive distributed lag model to cointegration (ARDL model)....

I use Bayesian VARs with stochastic volatility to forecast global temperatures and sea level and ice cover in the Northerin emisphere until 2010, by exploiting (i) their long-run equilibrium relationship with climate change drivers (CCDs) and (ii) the relationship between world GDP and...

First-class universities play an extremely important role in cultivating high-quality talents and technological innovation, serving as a significant indicator of a country's level of higher education development, developmental strength, and potential. However, there is little literature studying...

We aim to analyze the potential positive or negative effects of public expenditure on economic growth, as well as their determinants. To this goal, we use a simple theoretical model, which has the specificity to distinguish between public investment and consumption expenditure, and which could...

In this paper, we first test the validity of the Environmental Kuznets Curve (EKC) hypothesis, using a large sample of approximately 190 advanced and developing countries, over a period of 34 years (1989- 2022). We find that (CO2) emissions respond positively to increasing income per capita, up...

This paper focuses on identifying useful indicators for nowcasting GDP in Sweden. We analyze 35 monthly indicators spanning the period from 1993 to 2023. Additionally, we evaluate the group-wise performance of these indicators. The analysis is conducted using mixed-data sampling (MIDAS) and...

This paper examines the determinants of inflation differentials across member states of the African Economic Community (AEC). The results suggest that exchange rate depreciation, GDP per capita growth, price divergence, fiscal deficit, and periods of economic instability all contribute to higher...

Measurement errors in macroeconomic aggregates such as GDP have been widely lamented, particularly in low-income contexts. This study investigates the reliability of one component of national accounts, agricultural sector output. Focusing first on the case of Mozambique, we use a series of 12...

This study examines the characteristics of Indonesia's scholarly output and its alignment with national development goals. This research focuses on three key questions: how Indonesia's research output can be categorized into driver, basic, specialized, and declining clusters; the extent to which...

The advancement of digital technologies has become a transformative driver of economic development. Digitalisation is central to the global economy, enhances productivity, drives innovation, and promotes inclusive growth. Despite this potential, South Africa faces persistent challenges such as...

This study aims to explore the relationship between macroeconomic factors and the decision to file an anti-dumping (AD) initiation, focusing on the post-WTO period from 1995 to 2022 for both reporting and targeted countries. We analyze the 20 most frequent users of the AD mechanism and the 20...

Long-term projections are the bedrock of any analysis looking at the sustainability of public finances. This paper computes the changes in economic growth in individual European Union (EU) countries needed for government debt-to-GDP ratios to stay on their baseline trajectories (taken from the...

This study has a twofold objective. The first one is an assessment of the efficiency of monetary and capital-based macroprudential policy, defined as imposing less interest costs to loan borrowers (nonfinancial corporations and households). The second objective of this paper is the assessment of...

This note provides extensive evidence on the persistence properties of real GDP in 17 European countries and in the US over the period 1960-2023 using a fractional integration framework. The analysis suggests that in all cases shocks have permanent effects on the level of real GDP. This is...

This study examines the dynamic relationship between Gross Domestic Product (GDP), Foreign Direct Investment (FDI), renewable energy consumption, trade openness, and open innovation in the United States using the Autoregressive Distributed Lag (ARDL) methodology. The analysis covers annual data...

The extent of social and economic issues has an impact on current society, and ways of solving them reflect not only on social policy but also on results of economic policies. The paper aims to evaluate the effects of social protection expenditures/benefits in relation to selected socio-economic...