The main aim of this paper was to shed a new empirical light on the nature and most salient features of the evolving postcommunist capitalism in 11 Central and Eastern European (CEE11) countries against the backdrop of Western European models of capitalism. The research approach capitalizes on...

We propose a dynamic factor state-space model for the prediction of high-dimensional realized covariance matrices of asset returns. Using a block LDL decomposition of the joint covariance matrix of assets and factors, we express the realized covariance matrix of the individual assets similar to...

We propose a high-frequency digital economy index by combining official white papers and big data. It aims to resolve the discrepancy between the new economic reality and old economic indicators used by decision-makers and policymakers. We have demonstrated a significant effect due to keyword...

Research Question: What is the impact of the performance audit missions on the activity of the Romanian public institutions? Motivation - Public resources' management and use, public sector entities' performance, in the context of the economic environment turbulences and of the complexity and...

This paper develops an early warning system for predicting distress for large European banks. Using a novel definition of distress derived from banks' headroom above regulatory requirements, we investigate the performance of three machine learning techniques against the traditional logistic...

We use 25 years of tax records for the Norwegian population to study the mobility of wealth over people's lifetimes. We find considerable wealth mobility over the life cycle. To understand the underlying mobility patterns, we group individuals with similar wealth rank histories using...

On the basis of five balance variables in bank balances (total assets, deposits, capital, operating income, and loans), the Hirschman–Herfindahl indices for period 2016–2021 are calculated. The indices values are decomposed by the Bajo and Salas approach, based on the fact that the...

The Common Correlated Effects (CCE) approach by Pesaran2006 is a popular method for estimating panel data models with interactive effects. Due to its simplicity, i.e. unobserved common factors are approximated with cross-section averages of the observables, the estimator is highly flexible and...

Controlling ecological deterioration is critical for the well-being of current and future generations, as it ensures a sustainable environment that promotes health, productivity, and the general quality of life. This study investigates the interplay between innovation, economic growth, and...

The aim of this analysis is to predict whether an National Basketball Association (NBA) player will be active in the league for at least 10 years so as to be qualified for NBA's full retirement scheme which allows for the maximum benefit payable by law. We collected per game statistics for...