This study examines how soft skills education performatively shapes business realities across cultural boundaries. While prior research has treated soft skills as static capabilities, we demonstrate their role as performative forces actively reshaping organizational practices. Through in-depth...

We develop a general equilibrium framework in which a commercial banker, constrained by capital adequacy requirements, creates a special purpose vehicle (SPV) to hold securitized assets off its balance sheet. By operating the bank and SPV as separate entities, the banker circumvents regulation,...

We derive an admissible parameter space for vector Multiplicative Error Models (vMEMs), explicitly formulating it in terms of the model's matrix parameters through a set of matrix inequalities. Another key contribution is the adoption of constrained maximum likelihood estimation for the...

This paper evaluates an Adaptive LASSO-MGARCH model for multivariate volatility forecasting, with an application to green and conventional bonds, equities, energy commodities, and EU carbon allowances. By introducing coefficient-specific adaptive penalisation directly into the multivariate GARCH...

This paper builds on Yang et al (2021) which analysed the effect of wealth inequality on UK economic growth in recent decades with a heterogeneous-agent growth model where agents can enhance individual productivity growth by undertaking entrepreneurship. In this supplementary note we examine...

We present evidence for taste-based discrimination against Chinese first authors in economic citations. We utilize a gravity model of citations and interpret the bias as a negative effect of "cultural distance". After controlling for quality as well as author-, paper-, and journal-specific...

We build an endogenous growth model that distinguishes productive and welfare government expenditures and embeds fiscal externalities. The model yields three testable hypotheses: (i) productive expenditure raises growth (Barro effect); (ii) productive expenditure generates cross-country...

This study examines the impact of China's "Zero-COVID" policies on stock returns in the healthcare sector from January 2020 to December 2022. Using panel regression analysis, we find that increases in the Stringency Index increased healthcare stock returns. In contrast, vaccination rates are...

We provide new evidence on the effects of adopting a common European currency on banks' profitability in the Central and Eastern Europe (CEE) region. We construct a panel of 1033 bank-year observations across 11 countries between 2006 and 2020. Our results suggest that the effect of the eurozone...

This paper proposes a nonlinear teaching approach, based on learning theories in cognitive psychology, with a special focus on large-cohort economics modules. The fundamental rationale is to match the features of teaching with the nature of learning. This approach was implemented in an...