Two natural experiments challenge the view that slavery impeded the growth of American capitalism. An event study shows that farm values fell relative to the national average in slave states following abolition. A spatial regression discontinuity design (RDD) then suggests that any negative...

According to the available evidence, stronger patent protection exerts, at best, a modest positive effect on economic growth. Different variants of Schumpeterian growth models predict a wide range of outcomes, from strongly positive to strongly negative effects. We propose a Schumpeterian growth...

This study examines the short-term stock market response of eleven Greek energy firms to the April 2, 2025, U.S. tariff announcement. Using an event study methodology over an 11-day window, results reveal limited reaction on the event day but significant negative abnormal returns in the days...

How does partisanship affect inflation expectations? While most research focuses on how inflation impacts political approval and voter behavior, we analyze the political roots of inflation expectations. We argue that elections serve as key moments when citizens update their economic outlook...

This study examines the impact of the occurrence of a military coup on the democratic attitudes of citizens in neighboring countries. Using nationally representative survey from multiple countries and the identification strategy of the unexpected event during survey design, we show that those...

This article critically examines the transformative potential of technological innovation in revitalizing Nigeria’s manufacturing sector, a cornerstone of the nation’s economic diversification agenda amid declining oil revenues and persistent macroeconomic instability. Through a...

The fires in Los Angeles ignited in January 2025. I will use this shock to sketch out my main themes as I will explore the microeconomics of natural disasters as I focus on the causes and consequences of extreme weather events; including hurricanes, tornadoes, wildfires, extreme heat, and...

Purpose: This study delves into the transformative effect of the COVID-19 pandemic on Greece's aviation industry, specifically focusing on its major players: Aegean Airlines S.A., Sky Express S.A., and Olympic Air S.A. The purpose is to dissect the unique challenges brought about by the...

This study investigates how Artificial Intelligence (AI) affects fertility decisions, economic growth, and overall social welfare. Despite substantial technological progress and increases in economic output (GDP), advanced economies, notably Japan, face severe demographic challenges due to...

Social interaction in workplaces fosters mutual understanding and narrows psychological distances between team members. We model this interdependence in team production with complementary efforts, examining how social interaction improves team performance. Our theoretical framework predicts that...