Abstract: The European sovereign-debt crisis began in Greece when the government announced in December, 2009, that its debt reached 121% of GDP (or 300 billion euros) and its 2009 budget deficit was 12.7% of GDP, four times the level allowed by the Maastricht Treaty. The Greek crisis soon spread to other Economic and Monetary Union (EMU) countries, notably Ireland, Portugal, Spain and Italy. Us...

We develop methods for Bayesian model averaging (BMA) or selection (BMS) in Panel Vector Autoregressions (PVARs). Our approach allows us to select between or average over all possible combinations of restricted PVARs where the restrictions involve interdependencies between and heterogeneities across cross-sectional units. The resulting BMA framework can find a parsimonious PVAR specification, t...

Motivated by the growing interconnection between online platforms, we examine the dynamic interplay between social buzz and contribution behavior in the crowdfunding context. Since the utility of crowdfunding projects is usually difficult to ascertain, prospective backers draw on quality signals, such as social buzz and prior-contribution behavior, to make their funding decisions. We employ the...

China currently is the world's largest energy consumer and carbon dioxide emitter. How to effectively control emissions promote sustainable development indispensable for achieving “double carbon” goal, promoting comprehensive economic transformation upgrading, contributing high-quality development. There no doubt that a large amount of financial resources need be invested in process encouraging...

As an important node city of “The Belt and Road” strategy, Urumqi has a non-negligible impact on the ecological environment in process rapid development. It is great significance to understand coupling coordination between urbanization for regional sustainable However, previous studies degree (CCD) model are limited, they ignore endogenous relationship two. Therefore, this study aims introduce ...

In response to the “Great Recession and Global Financial Crisis”, central banks had deploy unconventional monetary policies (UMP) in order fight severe impact of crisis. Therefore, purpose this study is examine dynamic shock through earning heterogeneity, income composition, portfolio channels on inequality emerging economies covering period 2000–2019, using panel vector autoregressive (PVAR) m...

Analyzing the effect of influencing factors on carbon emissions in construction industry is significant for reduction. The are dynamic at various stages while long-term impact has not been discussed depth most existing studies. Taking 30 provinces China as examples, PVAR model used to study emissions. include building area, value unit indirect intensity, per energy consumed, intensity and total...