Technological change plays a critical role in economic growth. Prevailing approaches to estimation of total technological change are associated with total factor productivity (TFP) based on a Cobb-Douglas (CD) production function. To estimate resource-specific technological change, previous...

This paper examines growth spillovers between emerging markets and advanced economies. The empirical results, based on a two-bloc setup and cover 1991 to 2015, are twofold. First, the paper shows that the size of the spillovers running from emerging markets to advanced economies is about a fifth...

We develop a novel measure of volatility pass-through to assess international propagation of output volatility shocks to macroeconomic aggregates, equity prices, and currencies. An increase in country's output volatility is associated with a decrease in its output, consumption, and net exports....

Three dinuclear cyanide-bridged complexes Fe II (PY 5 OMe 2 )CNM II (PY 5 OMe 2 )[OTf] 3 (M = Fe 1 , Co 2 , Mn 3 ; PY 5 OMe 2 = 2,6-bis-((2-pyridyl)methoxymethane)pyridine OTf = CF 3 SO 3- ) have been synthesized and characterized. Single-crystal diffraction analyses show these three dinuclear...

While common machine learning algorithms focus on minimizing the mean-square errors of model fit, we show that genetic programming, GP, is well-suited to maximize an economic objective, the Sharpe ratio of the usual spread portfolio in the cross-section of expected stock returns. In contrast to...

An increasing number of companies start to use corporate online communities as a new information technology tool to facilitate internal knowledge sharing. The corporate community also offers companies a novel source to understand the operations such as workforce management. Little is known,...

We study the Allocation Problem for the Platform of Platforms (abbreviated as AP3) in a two-sided service market, where a third-party integrator tries to allocate customers to workers separately controlled by a set of online platforms in a manner that satisfies all stakeholders. AP3 is a natural...

This paper analyzes the relationship between the stock of infrastructure and income increases using data from 15 typical countries, including China, and measures the gap between China and upper-middle-income countries using the Euclidean distance. By constructing a domestic infrastructure...

The EBA Guidelines on PD and LGD estimation is due to apply from 1 January 2021, in which the banks are expected to have a framework in place as part of the risk rating and reporting process to adjust and correct the uncertainties identified from deficiencies in data, system and methodology. The...

Over the last two decades, Japan has become a highly ranked immigration country in terms of inflows of immigrants; however, the employment situation of permanent immigrants living in Japan is still unclear. To fill this gap, this study uses large-scale population census data, providing some of...