This study develops a framework to evaluate real estate financial risk from three perspectives: internal risk factors, external risk factors, and interconnected risk factors, examining regional space-time differences and dynamic evolution laws across 30 provinces in China. The research finds...

We show that executives' early-life poverty experiences reduce both internal (executive-employee) and external (executive-peer) corporate pay disparities. Three mechanisms drive this effect: increased risk aversion in poverty-exposed executives, strategic avoidance of negative media coverage to...

This paper examines the relationship between location, liquidity, and prices in housing markets. We construct spatial datasets for German and U.S. cities and show that liquidity and prices decline with distance to the city center. To rationalize these results, we build a structural model with...

This paper examines how regional economic diversity shapes economic resilience across European regions during major crises. Using sectoral diversity indicators at the NUTS-2 level, we analyze the impact of diversity on three dimensions of resilience: the depth of economic downturns, the strength...

The COVID-19 pandemic generated highly heterogeneous economic effects across territories, reflecting differences in local production structures and spatial organization. This paper examines the geography of short-run economic fragility during the first wave of the pandemic by identifying...

Foreign direct investment and the activities of multinational enterprises play an essential role in shaping employment outcomes, particularly in developing and emerging economies. With globalization and the expansion of global value chains, understanding how FDI influences labour markets has...

This paper examines the implications of heterogeneity in construction productivity on cross-country income disparity. Using a sample of 168 countries, we estimate the 10:1 spread in construction productivity as a factor of 49-fold in 2017. The construction productivity gap falls by 46 percent...

This paper examines the geography of intergenerational income mobility in South Africa across districts and metropolitan municipalities as well as historically disadvantaged former-homelands. South Africa's high inequality has a geographical dimension (spatial inequality), shaped by a long...

We estimate the long-term intergenerational mobility (IM) in Brazil, by mesoregion, utiliz ing the methodology developed by Güell, Mora and Telmer (2015) and Güell et al. (2018). Benefiting from the unique features of Brazil, such as data availability on income, edu cation, full names, our...

• The rise in total upfront cash requirement has become the main obstacle to homeownership in Germany. Between 2015 and 2024, the average household needed a median of 9.37 years to save the necessary funds for a home purchase. • A substantial share of this burden comes not from the price...

Understanding the structural change in catching-up regions and the spatial distribution of economic sectors is essential for designing comprehensive policy strategies to promote balanced economic development. This study examines the economic restructuring of the 11 central and eastern European...

As China advances toward its "Dual Carbon" goals, clarifying the role of the digital economy (DE) in reducing urban carbon emissions is of growing importance. This study uses panel data from 274 Chinese prefecture-level cities (2011-2022) and applies benchmark regression, the Spatial Durbin...

Concerns have been raised regarding the equity and efficiency of Chinese healthcare systems, where improved transportation is expected to be a significant factor. The positive externalities of transport have been confirmed in many domains, but there is a lack of evidence in the field of...

We investigate how strongly the local environment beyond the family can contribute to understanding the formation of children's economic preferences. Building on precise geolocation data for around 6000 children, we use fixed effects, spatial autoregressive models and Kriging to capture the...

Economic development under capitalism is uneven, both socially and spatially. The existing literature, both mainstream social sciences and Marxist political economy, generally separates social inequality (inequality among classes and class-fractions) from spatial inequality. It also pays...

In recent years information and communication technology (ICT) development and its relationship with carbon emissions has become a significant research focus. Using data from 30 Chinese provinces and cities covering 2010-2022, we conduct an empirical study on the impact mechanism of ICT on...

Based on the network attention data of Douyin's fans, this article analyzes the spatial heterogeneity and driving factors of network attention to 5A-level tourist attractions in China using rank-size, kernel density, and nearest neighbor index. The results show that: (1) From the perspective of...

This paper examines the evolution and determinants of skill-specific internal mobility among Italian citizens by urban-rural origin. Using administrative data from the Registry of Transfer of Residence (ADELE), which records the universe of skill-specific bilateral moves across more than 700...