This study, set against the backdrop of escalating trade tensions between China and the United States, examines the impact of soybean tariff adjustments on the abnormal asymmetric behavior in the futures market. By employing specialized analytical methods that capture market volatility asymmetry...

In recent years, several automated caps, or algorithmic quantity regulations (AQRs), have been deployed to police supply conditions in sharing economy platforms. AQRs constitute a paradigm shift in platform regulation, as they enable exhaustive, and low-cost enforcement, thus comprehensively...

In recent decades, the rising challenges posed by climate change have prompted investors to take a keen interest in green assets and incorporate them into their portfolios to achieve optimal returns. Therefore, this article explores the static and dynamic connectedness between renewable energy...

This paper shows that incorporating what we call antidotal variables (AV) into a causal treatment effects analysis can with one cross-sectional regression identify the causal effect, the spillover effect, as well as possible biases from selectivity. We apply the AV technique to analyze leave...

Using a diagonal BEKK model, this paper estimates a spillover effect from the international crude oil market to the Korean stock market. Empirical results suggest that shocks and volatility in Dubai oil prices are significantly transmitted into twenty portfolios of the Korean stock market. Also,...

Geopolitical conflicts generate macroeconomic spillovers that extend beyond directly affected countries through trade and commodity linkages. This paper quantifies these effects for Germany, France, Italy, and Spain using a monthly Trade-Related Conflict Exposure (TRCE) index for 2009–2023...

This study investigates the volatility spillover dynamics between the VIX fear index and the Magnificent Seven technology stocks - namely Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta Platforms, and Tesla - over the period of June 2012 to March 2024. To achieve this objective, the variance...

This study explores how the volatility spillover mechanism and dynamic dependence among the founding BRICS equity markets, namely IBOVESPA, MICEX, Nifty 50, SSE, and JSE, have evolved over time using a multivariate DCC-GARCH model. The analysis is conducted across three distinct regimes: the...

Competitive public research funding is an important policy instrument to foster scientific progress. The effective design of such funding schemes and whether they generate knowledge spillovers to industrial inventions, however, remains debated. In this paper, we investigate the impacts of...

The global energy transition is reshaping commodity demand, yet its implications for commodity risk transmission remain unclear. We analyze connectedness among Energy Transition Metals (ETMs) - a subset of metals that are key inputs in clean energy technologies - energy commodities, and...

We study whether the partisan affiliation of U.S. state governors affects the outcome of partisan judicial elections. Exploiting close gubernatorial races from 1946 to 2023, we find that electing a Democratic (Republican) governor significantly increases the subsequent vote share of Democratic...

This paper presents a method for estimating treatment effects of local climate shocks when regions trade with each other. Because trade creates spillovers, comparing the change in outcomes of regions with different exposure to shocks leads to biased estimates. We model these between-region...

Regional economic inequality remains a persistent challenge in developing economies, particularly in peripheral regions characterized by fragmented geography and uneven development. This study examines spatial spillovers in regional economic inequality by integrating spatial econometric analysis...

This paper studies the assignment of a treatment by a social planner when the valuations of the treatment are interdependent across individuals in the population. Specifically, an individual's valuation of the treatment is influenced by the treatment status of some group of individuals and is...

This study examines dynamic interdependencies and risk transmission among major cryptocurrencies and traditional financial assets, including Bitcoin, Ethereum, U.S. equities, and gold, over the period 2017-2024. Particular attention is given to the structural shift associated with the 2024 U.S....

Since the 2018 Murphy v. NCAA decision, 38 states have legalized mobile sports betting. We study effects on betting and consumer credit, emphasizing spatial spillovers across state lines. Using consumer spending data and an extended two-way fixed effects framework that separately identifies...

This paper examines whether Bihar's 2016 alcohol prohibition generated spillover effects on household adoption of Liquefied Petroleum Gas (LPG) as a primary cooking fuel. Although clean cooking lies outside the policy's intended scope, prohibition may affect fuel choice by altering household...

Although financial market fluctuations that move together are often interpreted as evidence of a global financial cycle, driven by macroeconomic and financial shocks, they may also result from spillover effects generated by local financial linkages and interdependencies among countries. This...

In December 2017, the government of Türkiye announced a comprehensive ban on the procurement of outsourced services by public institutions and mandated that all workers providing such services on-site be transitioned into permanent public positions within six months. We study the labor-market...

This paper evaluates whether environmental education can shift household behavior through intergenerational transmission of knowledge, beliefs, and attitudes. We implement an activity-based program in Patna, India, and conduct a randomized experiment with 1,545 child-parent pairs assigned to...

A structural shift from fossil fuel-based energy systems to renewable, sustainable energy sources critically depends on research and development (R&D) activities at the firm-level. This study examines the contribution of R&D spillovers from other firms to greenhouse gas (GHG) emissions in...