The paper explores the impact of inflation on the validity of the twin deficits hypothesis (TDH) in the Eurozone countries, focussing on how different inflation levels influence twin deficit existence (i.e., a positive relation between fiscal and current account deficit) and how inflation...

Sustained efforts and investments in different sectors are essential for the overall development of a region. Various studies around the globe underscore the importance of investment in road transport infrastructure in many developing countries to achieve their development targets. The...

This study examines the relationship between the circular economy and economic development in 14 EU countries for the period 2000-2020. Compared to previous work, we emphasize the importance of taking into account cross‑dependencies and heterogeneity between the countries making up the Panel....

This paper proposes a new resilience index, CLARE (Causal machine Learning Approach to Resilience Estimation), which is rooted in an impact evaluation framework and causal machine learning algorithms applied to longitudinal household survey data. The indicator is model-agnostic, data-driven,...

We investigate the long-run relationship between organized crime and corruption using data from 20 Italian regions over 30 years. As Rose-Ackerman and Palifka (2018) argue, corruption and organized crime often go together. Our study contributes to the literature in several ways in terms of...