This study uses panel Granger causality and cointegration tests to examine the relationship between income per capita and control of corruption in the Eurozone. The analysis covers the entire Eurozone and subgroups of countries from 2002 to 2021. The results show that there is not a...

Rising debt can threaten macroeconomic, financial, and fiscal stability, and thus fuels uncertainty among economic agents. Therefore, high levels of indebtedness may hinder economic growth especially for those economies with a large debt burden and may also amplify the volatility of GDP growth...

This paper examines both inflows and outflows of remittances for 21 countries of Eastern Europe and the Former Soviet Union, relative to a larger sample of 93 countries with available data on bilateral flows. For the greater sample, we find evidence that larger populations of migrants, and...

We investigate the effects of financial development on recession while controlling for potential recession factors using data of about 129 countries covering the 1990-2010 period. To the best of our knowledge, this is the first study examining this relationship using a plural and innovative...

This article carries on the research agenda of mapping EU's capitalist diversity by taking an up-to-date snapshot of capitalist types regarding the period between two recent major crises (2014-2019). During the update the research framework has been further improved with more relevant...

Concurrently with the end of the second wave of the coronavirus pandemic, European democracies have progressively relaxed the restrictions on social mobility following the decrease in disease indexes. Did the exit speed from pandemic restrictions substantially differ across governments? This...

The rapid global spread of Coronavirus Disease 2019 has changed the world. While a massive effort is under way to develop a vaccine, economists have debated whether the shock to the global economy will be 'temporary' or 'permanent'. Given the research interest on the biggest challenge in the...

This paper questions the effect of democracy on regulatory reforms by mainly checking whether the observed differences between the transition economies and the rest of the economies in terms of engaged reforms are related to the level of democracy. Our results, based primarily on the Oaxaca -...

Over the course of structural transformation in the production and employment front, trend in labour productivity ratio between non-agricultural and agricultural sectors has been noted to behave differently for many developing countries. This study develops a two-sector dual economy model to...