In this paper, we study the impact of coronavirus disease 2019 pandemic in estimated panel vector autoregression models for 92 countries. The large cross-section countries allows us to shed light on heterogeneity responses stock markets and nitrogen dioxide emissions as high-frequency measures economic activity. We quantify effect number infections four dimensions policy measures: (1) containme...

E ciency is considered a key factor when evaluating a bank's performance. Moreover, e ciency enhancement is an explicit policy objective in the Single Market Directive of the European Commission. But e ciency improvements may come at the expense of deteriorating bank pro ts and excessive risk-taking. Both the quantitative e ects and dynamic reactions of performance in response to e ciency impro...

The goal of this research is to investigate the relationship between economic growth and foreign direct investment inflows in the European Union (EU-28) in the period of the recent economic crisis. Panel data approach and Bayesian techniques are employed to solve the problem of a short set of data (2008–2014). The panel data approaches (panel vector-autoregressive model and Bayesian random effe...

This work is related to the studying of poverty dynamics and the analysis of the socio-demographic factors influencing it. We have chosen a fuzzy and multidimmensional approach in order to define two different poverty measures. A panel regression model has been estimated and particular attention has been paid to the treatment of the unobservable heterogeneity among longitudial units. The specif...

Causality has long been regarded among economists as a metaphysical mine'eld, best to be avoided. Yet, at the same time, the notion of cause and e*ect structures our ordinary lives and seems essential for understanding policy actions. Peter Adams et al.’s “Healthy, Wealthy, and Wise?” is welcome as an example of the relatively recent interest of microeconomists in overcoming their metaphysical ...

Most empirical studies based on U.S. data suggest that the fiscal multiplier is less than 1 (e.g., Barro and Redlick, 2011). However, Keynes argued that the multiplier would be the largest when markets have failed to the greatest extent in coordinating economic activities (such as during the Great Depression with rampant unemployment and low capacity utilization). As a large developing country ...