This paper uses a quasi-experimental study of a major bridge construction in Bangladesh to understand the effects of a large reduction in trade costs on the pattern of structural change and agricultural productivity. The paper develops a spatial general equilibrium model with a core and two...

This paper studies the effects of a large reduction in transport costs on agricultural development in a developing country, with a focus on the interactions among the comparative advantage and transport costs of a location, and the transport intensity and value of a commodity. The paper extends...

When the nominal interest rate reaches the zero lower bound (ZLB), a conventional monetary policy, namely, the adjustment of short-term interest rate, may become impractical and ineffective for central banks. Therefore, quantitative easing (QE) is one of the few available policy options of...

In recent years, the concurrent occurrences of the COVID-19 pandemic and the Russian invasion of Ukraine have led to global disruptions in supply chains and a surge in commodity prices. Major advanced economies have experienced an increase in inflation rates and a decline in economic activity....

This paper suggests a new approach to evaluate realized covariance (RCOV) estimators via their predictive power on return density. By jointly modeling returns and RCOV measures under a Bayesian framework, the predictive density of returns and ex-post covariance measures are bridged. The forecast...

In the recent decade, the topic of environmental sustainability and its determinants has gained the attention of environmental policy analysts and academicians. However, some crucial factors that can affect environmental sustainability have not yet been explored in the literature. In this...

Abstract The 2010 Affordable Care Act expanded Medicaid eligibility to states’ residents with incomes below the federal poverty line, creating both opportunities and challenges to hospitals in states that adopted the new Medicaid eligibility. This article explores the effect of Medicaid...

Traditional steam methane reforming facilities for producing hydrogen not only consume a large amount of natural gas, but also emit a lot of greenhouse gas. Considering the utilization of clean energy, the reduction of carbon dioxide emission, and the production of chemicals, this paper...

The purpose of the study is to investigate the technical and economic feasibility of hybrid solar photovoltaic (PV) and wind turbine (WT) power systems for environment-friendly electric vehicle (EV) charging stations at five different locations in China. The HOMER Pro 3.14 software using...

The systematic review of rural energy research is important to accurately identify the existing shortcomings and future research directions for the advancement of the rural energy upgrading (REU). This article selects the research on rural energy from the perspective of the economy, environment...