Separating seasonal components from other sources of economic fluctuations is crucial for both economic modeling and policy making. Practitioners treat seasonality as noise to be removed before estimating models and tend to apply deseasonalizing methods i

By making use of Duncan & Hoffman's empirical model, the economic returns to overeducation and undereducation are estimated using comparable microdata from the middle of the 2000s for 25 European countries. The estimates confirm some of the main results found in the literature. The wage premium...

Structural funds are the most intensively used policy instrument by the European Union to promote economic growth in its member states and to speed up the process of convergence. This paper empirically explores the effectiveness of European Structural Funds by means of a panel data analysis for...

Magyarország 20 éve, 2004 óta az Európai Unió tagja. Az elmúlt húsz évben az ország gazdasági fejlettsége számottevően közeledett az EU27 átlagához, ugyanakkor az unió keleti kibővítés keretében csatlakozott országok (peer országok) többségéhez képest romlott a...

Numerous empirical studies have shown evidence of nonlinearities in financial time series, which can be of both a deterministic and a stochastic nature. Chaos is an example of the former, and heteroscedasticity in the conditional variance an example of the latter. We apply a test, the BDS test,...

The paper analyzes Croatia's income convergence over the period from 2000 to 2024 with respect to four groups of countries: the EU15, NMS8, NMS12, and SE4. Using time series methodology and fractional integration, the study examines Croatia's affiliation with different convergence clubs within...