Since the crisis of 2008 the liberal market order has been challenged by several (populist) social movements and has become object of political regulation. Whereas in the late 70s and early 80s politics tend to deregulate the market, nowadays deregulation seem to be a synonym for the negative...

Hidden Markov model (HMM) is a powerful machine-learning method for data regime detection, especially time series data. In this paper, we establish a multi-step procedure for using HMM to select stocks from the global stock market. First, the five important factors of a stock are identified and...

This lecture, delivered at the Higher School of Economics in 2020, opens with a discussion of the modern history of economists' treatment of network industries: from cost-of-service regulation through incentive regulation to vertical restructuring. This history is then applied to the freight...

On July 13, 2020 a complete nation-wide ban was placed on the sale and transport of alcohol in South Africa. This paper evaluates the impact of this sudden and unexpected five-week alcohol prohibition on mortality due to unnatural causes. We find that the policy reduced the number of unnatural...

In the last decade, the proportion and academic performance of women who pursue university degrees has increased relative to men in a range of developing countries (OECD, 2015). Nonetheless, the percentage of undergraduate economics degrees awarded to women has remained between 30% and 35%...

As the institutional literature convincingly shows, socioeconomic phenomena are to a large extent shaped by the formal institutions, that is, legal acts (laws and ordinances). However, the latter are formulated in a specific language that is difficult to understand, let alone to measure....

The catastrophic accident at the Fukushima Daiichi Nuclear Power Plant on March 11, 2011, revealed unexpected safety risks of nuclear energy once again. It also accelerated the decline of nuclear energy in the international energy sector: Nuclear energy's share of global electricity generation...

Der katastrophale Unfall im japanischen Kernkraftwerk Fukushima am 11. März 2011 brachte einmal mehr unerwartete Sicherheitsrisiken zutage und beschleunigte den Bedeutungsverlust von Kernkraft in der internationalen Energiewirtschaft. Ihr Anteil an der globalen Stromerzeugung fiel von vormals...

On July 13, 2020 a complete nation-wide ban was placed on the sale and transport of alcohol in South Africa. This paper evaluates the impact of this sudden and unexpected five-week alcohol prohibition on mortality due to unnatural causes. We find that the policy reduced the number of unnatural...

The catastrophic accident at the Fukushima Daiichi Nuclear Power Plant on March 11, 2011, revealed unexpected safety risks of nuclear energy once again. It also accelerated the decline of nuclear energy in the international energy sector: Nuclear energy’s share of global electricity generation...

Der katastrophale Unfall im japanischen Kernkraftwerk Fukushima am 11. März 2011 brachte einmal mehr unerwartete Sicherheitsrisiken zutage und beschleunigte den Bedeutungsverlust von Kernkraft in der internationalen Energiewirtschaft. Ihr Anteil an der globalen Stromerzeugung fiel von vormals...

This paper provides a review of some connecting literature in Decision Sciences, Economics, Finance, Business, Computing, and Big Data. We then discuss some research that is related to the six cognate disciplines. Academics could develop theoretical models and subsequent econometric and...

The article develops a complex interdisciplinary paradigm, or rather a multiparadigm of bioeconomics, exemplifying the necessary role and the broader horizon of multidisciplinarity through bioeconophysics, in the context of (bio)diversity and modern morality, in a logically investigative and...

When are developing countries able to initiate periods of rapid growth and why have so few been able to sustain growth over decades? This book provides a novel conceptual framework built from a political economy of business-government relations and applies it to nine countries across Africa and...

The paper provides a review of the literature that connects Big Data, Computational Science, Economics, Finance, Marketing, Management, and Psychology, and discusses research issues that are related to the various disciplines. Academics could develop theoretical models and subsequent econometric...

Promoting investment in energy efficiency has become increasingly important over the past decade. It is heavily discussed in the context of the EU 2021-2027 Multiannual Financial Framework, and at the core of the EU 2030 Climate and Energy Framework. While the budget allocation and the energy...

Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical evidence is rather mixed, reporting a positive, neutral, or even negative relationship of FDI with growth. Our investigation concentrates on the impact of FDI inflows on growth...

This report looks at employer - provided training in Europe. We start with a brief outline of the economic theory of training. We then look at the recent facts, by combining data from two employer surveys, the European Investment Bank's Investment Survey (EIBIS) and Eurostat's Continuous...

Tuberculosis (TB) remains one of the world’s deadliest communicable disease. To circumvent surges of TB cases, several studies have been carried out analyzing the determinants of TB incidence and recommended policy measures based on the significant indicators. Although the determinants were...

We examine whether there is any causal effect of article length on citation. Focusing on articles published between 2010 and 2014 in the top five journals in economics and their citation count in Google Scholar, we find that a one per cent increase in page length generates a 0.55 per cent...

We analyse the production and networks of Nobel laureates in Economics, employing the Normalized Impact Factor (NIF) of their publications in the Journal of Citation Report (Economics), to identify the academic leaders among those laureates awarded between 1969 and 2016. Our results indicate...

Using data from 70 of the most COVID-19 affected countries, this paper attempts to explain the cross-country variations in the number of officially confirmed COVID-19 positive cases. The findings indicate that regional characteristics play an essential role. Percent of people living in the urban...

This paper provides a synthesis of the state of knowledge on the economics of skyscrapers. First, we document how vertical urban growth has gained pace over the course of the 20th century. Second, we lay out a simple theoretical model of optimal building heights in a competitive market to...

Inclusive and sustainable industrial development implies environmental friendly industrial growth with positive implications for social targets such as employment generation. One of the most important options available to policymakers for reducing CO2 emissions is industrial energy efficiency,...

Purpose: This paper examines the economics of cashew nut processing in Ondo state using JOF Ideal Family Farms Limited, Owo as a case study. It specifically examined the socio-economic characteristics of the workers of the company, the by-products derived from cashew nuts processing and the...

This paper provides a systematic assessment of academic economics teaching, research and policy advice in Germany. It assembles recent empirical studies and contributes by presenting their main findings in a comprehensible manner as well as contextualizing them in the current economic and...

This study investigates whether the competence of central bank governors affects the stability of the financial system they are responsible for. Using publicly available information about central bank governors from 2000 to 2016 together with data on financial stability and the macroeconomy, the...

This paper shows descriptive evidence about the gender disparities in economics profession in three Visegrad countries. We show that the employment gender gap in highly ranked institutions is in par with the gap found in the United States and in other Western countries. However, the gap is...

The article is focused on the study of gender equality issues as a necessary factor in the economic growth of the state. The work notes that the economic growth is traditionally considered as an important quantitative characteristic of the development in a country’s economic system, but this...

Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical evidence is rather mixed, reporting a positive, neutral, or even negative relationship of FDI with growth. Our investigation concentrates on the impact of FDI inflows on growth...

Promoting investment in energy efficiency has become increasingly important over the past decade. It is heavily discussed in the context of the EU 2021-2027 Multiannual Financial Framework, and at the core of the EU 2030 Climate and Energy Framework. While the budget allocation and the energy...

This report looks at employer - provided training in Europe. We start with a brief outline of the economic theory of training. We then look at the recent facts, by combining data from two employer surveys, the European Investment Bank's Investment Survey (EIBIS) and Eurostat's Continuous...