The problem of identification of efficient economic conditions, arising from the «horizontal» agents’ relationship, is considered. It’s shown that the application of classical concept of market failure is insufficient. The alternative concept of disbalances are examined. The greater...

This study advances the understanding of risk measures and portfolio choice for investors exhibiting gain-loss dependent risk attitudes by integrating stochastic dominance (SD) concepts, including prospect stochastic dominance (PSD) and Markowitz stochastic dominance (MSD). We demonstrate that...

This paper quantitatively examines the refugee absorption/integration rates across Türkiye’s 81 provinces while considering the geographical and economic features of each of the 81 provinces. The study mainly focuses on the distribution of Syrian refugees under temporary protection in...

This study critically reviews Afonso (2024), who proposes a model of economic growth that considers automation capital, traditional capital, skilled labor, and unskilled labor. In his definition of a balanced growth path, the progress of automation makes both the ratio of skilled labor to all...

Research conducted worldwide has established that industrial agglomeration can improve firm productivity, regardless of policy and institutional factors. In this study, we utilize firm-level data from the Chinese Industrial Enterprises Database (CIED) for the period of 1998-2014 to analyze the...

Hoyt Bleakley and Paul Rhode use a “regression discontinuity design” (RDD) to find a persistent negative effect of slavery’s legality on rural population density throughout the period from 1790 to 1860. Yet their reported results cannot be replicated. Instead, the replication shows...

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...