This paper examines the association between stock market return expectations and financial wealth holdings of older adults using the 2016 wave of the Health and Retirement Study. Our study finds that less than 30% of individuals assigned a greater than 50% probability that the market will earn a...

The unique feature of the rural credit market in China is the dominance of zero collateral and zero-interest reciprocal lending and its long-term coexistence with the formal loan. This paper investigates the association between formal credit constraint and prevalence of reciprocal loans in rural...

The recognised approach to designing an optimal monetary policy model is based on the central bank's ability to mitigate losses using a quadratic criterion subject to the linear structure of the economy. This study examines the United States Federal Reserve's (Fed) monetary policy in different...

A decrease in interest rate in traditional view of monetary policy transmission is linked to a lower cost of borrowing which eventually results into a greater spending in investment and a bigger GDP. However, a decrease in interest rate is also linked to a decrease in interest income which, in...

Improved seed is one of the crucial ingredients for promoting agricultural productivity, farmers’ livelihood, and global food security. The present study uses an endogenous treatment regression model (ETRM) to evaluate the impacts of improved seed maize technology (ISMT) adoption on technical...

The environmental Kuznets curve is a relationship between various indicators of environmental degradation and income per capita. Empirical studies have produced mixed results concerning Environmental Kuznets Curve hypothesis given the different indicators of environmental degradation used. But...

Taxation is a fundamental tool for revenue generation, economy building and sustainability, reducing market externalities, regulating trade, stimulating representation and achieving tax justice as well as building state accountability and responsiveness. The informal sector in developing...

Open innovation (OI) strategy includes inter-company processes and activities i.e. networking, management, communication etc. The intention of this paper is to present examples on how open innovation performs within these start-ups. This paper is a descriptive study that discusses how to...

After the appearance of the first COVID-19 cases and deaths, countries' responses were enacted at different points in time. This paper explores the factors behind the timeliness of travel restriction policies at the onset of the pandemic. Using instrumental variable techniques on a sample of 149...

The aim of our paper is to identify how entrepreneurs from European Union (EU) countries use information and communications technologies (ICTs) in their business activities. We also propose to identify if there are differences in the use of ICTs by entrepreneurs, according to level of economic...