Occupational mobility and its relation with economic fundamentals is obscured by mistakes when assigning occupational codes. We correct ("de-garble") occupation patterns, using the heterogeneous probabilities with which a worker in a certain occupation appears as working in another. This leads...

Objective: To examine the impact of geopolitical risk on military spending in Poland in the years 1993-2022. Research Design & Methods: Autoregressive distributed lags, error correction, and Granger causality test were used. Findings: Polish budgetary spending on defence is influenced by...

The relationship between trade openness and economic performance has been widely debated and researched during the last several decades. However, the specific influence of trade openness from the perspective of controlling the inflation rate is rarely researched specifically for the Kingdom of...

This study analyzed the impact of monetary policy on unemployment in Ghana. In addition, the direction of causality among the monetary policy rate, the growth of the money supply and unemployment was performed. We used the vector error correction model and annual data from 1991 to 2020. The...

This paper provides robust empirical evidence that shocks to aggregate Research and Development (R&D) have persistent effects on macroeconomic dynamics and represent a significant risk for investors, as predicted by the 'long-run risk' literature. The analysis focuses on a single variable,...