Economic Modelling

Papers
(The median citation count of Economic Modelling is 4. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-06-01 to 2025-06-01.)
ArticleCitations
Flexible inflation targeting and stock market volatility: Evidence from emerging market economies345
Board diversity and outward FDI: Evidence from europe342
Editorial Board296
Spillovers from the European Central Bank's asset purchases to countries in Central and Eastern Europe122
A nonparametric approach to evolutionary oligopoly games: An application to the crude oil industry121
Editorial of the special issue on: Digital innovation and financial access for SMEs114
A new approach for estimating trade elasticities and measuring the productivity effects associated with trade96
A paradox of coalition building in public good provision90
Does capital market liberalization increase corporate labor income share? Evidence from China89
Fundamental volatility and informative trading volume in a rational expectations equilibrium85
Forecasting the climate-conflict risk in Africa along climate-related scenarios and multiple socio-economic drivers83
Can digital transformation reduce within-firm pay inequality? Evidence from China81
Effects of wage compensation and containment policies on Labor supply during pandemics79
Are pro-SME credit policies effective? Evidence from shadow banking in China78
Do agricultural subsidies matter for women’s attitude towards intimate partner violence? Evidence from Malawi71
Peer effects on decision making in complex financial situations67
Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows: The case of developed countries60
Do geographical appellations provide useful quality signals? The case of Scotch single malt whiskies57
Social capital dilemma in joint liability lending56
The effects of the BoJ's ETF purchases on equities and corporate investment55
Does service trade liberalization relieve manufacturing enterprises’ financial constraints? Evidence from China54
Job creation and destruction in the digital age: Assessing heterogeneous effects across European Union countries52
Identifying the impact of bank competition on corporate shadow banking: Evidence from China52
Economic policy uncertainty and information intermediary: The case of short seller52
Investor confidence and high financial literacy jointly shape investments in risky assets51
Revisiting the role of economic uncertainty in oil price fluctuations: Evidence from a new time-varying oil market model51
Debt and financial fragility: Italian non-financial companies after the pandemic50
The cyclical behaviour of fiscal policy: A meta-analysis50
The digital economy, entry mode strategies, and the profitability of foreign subsidiaries: A global view49
The unintended consequences of compensating trade’s losers48
Grandchild care and grandparents’ labor supply46
Testing factor models when asset bubbles occur: A time-varying perspective46
Shock-based inference on the Phillips curve with the cost channel45
Migrants, regulations, and trade45
The impact of debt restructuring on dynamic investment and financing policies45
Bayesian TVP-VARX models with time invariant long-run multipliers44
A reformulation of the bank lending channel under multiple prudential regulations44
Income assistance, marriage, and child poverty: An assessment of the Family Security Act43
Growth and inequality under different hierarchical education regimes43
Government ownership of banks: Implications for minority shareholders42
A long short-term memory enhanced realized conditional heteroskedasticity model41
Can property tax curb housing costs in China? New insights from Chongqing with Bayesian synthetic control40
Localized risk factors: Performance differentials between state-level and US factor models40
Comparing asymmetric price efficiency in regional ESG markets before and during COVID-1940
Post-Cold War civil conflict and the role of history and religion: A stochastic search variable selection approach39
Optimal tax enforcement with productive public inputs39
The global component of headline and core inflation in emerging market economies and its ability to improve forecasting performance39
Multi-agent, multi-site resource allocation under quotas with a Stackelberg leader and network externalities38
Are African business cycles synchronized? Evidence from spatio-temporal modeling38
Are cooperative and commercial banks equally effective in reducing the shadow economy? International evidence38
News and noise in crime politics: The role of announcements and risk attitudes38
Disentangling demand and supply inflation shocks from electronic payments data38
Land productivity and colonization37
Macroeconomic effects of maternity leave legislation in emerging economies36
Price connectedness and input–output linkages: Evidence from China36
Idiosyncratic shocks in a currency union: Insights from West Africa36
A Policy Conundrum: Schumpeterian Growth or Job Creation?34
Effect of financial development on innovation: Roles of market institutions34
Did the American Rescue Plan cause inflation? A synthetic control approach34
China’s public international investment: A strategic-trade-policy perspective33
Portfolio capital flows before and after the Global Financial Crisis33
On modeling IPO failure risk33
Will voters polarize over pandemic restrictions? Theory and evidence from COVID-1933
COVID-19 and erosion of democracy32
Industrial policy persistence and local economic performance: The role of subsidy allocation in China32
How are policy uncertainty, real economy, and financial sector connected?31
Regional digitalization, dynamic capabilities and green innovation: Evidence from e-commerce demonstration cities in China31
Unlocking the potential of inventory management: Integrating digital transformation with firm practices31
Cultural values and interbank markets: An agent-based stock-flow consistent model31
Gaps between official and excess Covid-19 mortality measures: The effects of institutional quality and vaccinations31
Market-based climate policy with fluctuating fossil energy prices31
Heterogeneous technology and specialization for economic growth beyond the middle-income stage30
Constructing compact cities: How urban regeneration can enhance growth and relieve congestion30
Multiproduct firm’s reputation and leniency program in multimarket collusion29
Addressing unanticipated interactions in risk equalization: A machine learning approach to modeling medical expenditure risk29
Does vulnerable employment alleviate poverty in developing countries?29
Taxation and the distributional impact of inflation: The U.S. post-war experience29
The impact of public consumption and investment in the euro area during periods of high and normal uncertainty29
Public debt management announcements: A welfare-theoretic analysis29
Assessing potential improvement in education: Unravelling pupils' and schools’ inefficiencies using a multi-level metafrontier approach28
Global COVID-19 under-reporting: A Tobit model28
Financial integration or financial fragmentation? A euro area perspective28
Editorial Board28
Information acquisition and financial advice27
Long-term business relationships, bargaining and monetary policy27
Does the digital sector affiliation matter for the productivity of multinational firms?27
Asymmetric contagion of jump risk in the Chinese financial sector: Monetary policy transmission matters27
Emerging market responses to external shocks: A cross-country analysis27
Improving minimum-variance portfolio through shrinkage of large covariance matrices27
Interest rate trends in a global context27
Sequential Bayesian bandwidth selection for multivariate kernel regression with applications26
Intergenerational correlation of self-employment in Western Europe26
Lottery preference, short-sale constraint, and the salience effect: Evidence from China25
LAMP, informality and monetary growth rules in an emerging economy25
Regime-dependent effects of macroeconomic uncertainty on realized volatility in the U.S. stock market25
A long-run approach to money, unemployment, and equity prices25
Does the gender composition of local governments matter for firms’ information environment? Evidence from China25
Impacts of asymmetry on forecasting realized volatility in Japanese stock markets24
Asymmetries in the transmission of oil price shocks to inflation in the eurozone24
The impact of road infrastructure on economic circulation: Market expansion and input cost saving24
Robust estimation of the range-based GARCH model: Forecasting volatility, value at risk and expected shortfall of cryptocurrencies24
Convergence and determinants of young people not in employment, education or training: An European regional analysis24
Global value chains and external adjustment: Do exchange rates still matter?24
The economic impact of global uncertainty and security threats on international tourism24
Environmental rule enforcement and cash holdings: Evidence from a natural experiment23
Automating efficiency: The impact of industrial robots on labor investment in China23
Strategic archetypes, credit ratings, and cost of debt23
Does social culture matter for firms' access to trade credit? Evidence from China23
Does stock market liberalization mitigate litigation risk? Evidence from Stock Connect in China23
Bayesian analysis for functional coefficient conditional autoregressive range model with applications22
Editorial Board22
Regulating coopetition in an EV charging market22
Editorial Board22
Editorial Board22
Editorial Board22
Do export quality and destination income matter for exchange rate pass-through? Evidence from China22
Trade liberalization with granular firms21
Household finances, debt overhang and consumption patterns21
Robust investment and hedging policy with limited commitment21
A game-theoretic analysis of international tax compliance21
Lateral knowledge transfer and foreign affiliate performance: The importance of affiliate strategic roles21
Labor market policies in high- and low-interest rate environments: Evidence from the euro area21
Intellectual property rights protection and quality upgrading: Evidence from China21
Household spending diversity, aggregation, and the value of product variety21
Consumption–investment comovement and the dynamic impact of monetary policy uncertainty in China21
When trackers are aware of ESG: Do ESG ratings matter to tracking error portfolio performance?21
Understanding dynamic return connectedness and portfolio strategies among international sustainable exchange-traded funds21
How does offshoring affect the wage impact of immigration?21
“Green” fiscal policy measures and nonstandard monetary policy in the euro area20
Labour market miracle, productivity debacle: Measuring the effects of skill-biased and skill-neutral technical change20
Air pollution and gender imbalance in labor supply responses: Evidence from South Korea20
Onshore and offshore profit shifting and tax revenue losses in the European Union20
Financial distress prediction by combining sentiment tone features20
A spatial one-sided error model to identify where unarrested criminals live19
Fiscal institutional reform and export product quality: A Quasi-experimental research on counties managed directly by provinces19
Central and Eastern European economies in a Goldilocks age: A model of labor market institutional choice19
How does producer services’ agglomeration promote carbon reduction?: The case of China19
Impact of the “Belt and Road Initiative” on machinery production networks19
The effect of higher education on Women's obesity and smoking: Evidence from college openings in Turkey19
Systemic political risk19
Corrigendum to “A reformulation of the bank lending channel under multiple prudential regulations” [Econ. Modell. 114 (2022) 1–16/105916]18
Unveiling the trade and welfare effects of regional services trade agreements: A structural gravity approach18
Editorial Board18
Oil shocks and the U.S. economy in a data-rich model18
A time-varying Phillips curve with global factors: Are global factors important?18
Terrorism and uneven economic development18
The labor share puzzle: Empirical evidence for European countries18
Location, profitability, and international trade liberalization in European textile-clothing firms18
How many fundamentals should we include in the behavioral equilibrium exchange rate model?18
Examining Chinese volume–volatility nexus: A regime-switching perspective18
Belief-dependent pricing decisions18
Do general equilibrium effects matter for labor market dynamics?18
Do decreases in Distance-to-Default predict rating downgrades?18
Joint governance corporate alliance and the share of labour income: Evidence from China's private firms18
Policy coordination under model disagreement and asymmetric shocks18
Sustainable economics and finance: Is the sky bluer than before?18
Regulatory arbitrage behavior of internationally active banks and global financial market conditions18
Market price determination: Interpreting quote order imbalance under zero-profit equilibrium17
Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty17
Uncertainty, financial development, and FDI inflows: Global evidence17
Strategic or substantive green innovation: How do non-green firms respond to green credit policy?17
Taming the housing crisis: An LTV macroprudential policy17
Fiscal multipliers within the euro area in the context of sovereign risk and bank fragility17
CO2 emissions, energy consumption, and economic growth: Determining the stability of the 3E relationship17
How does fintech affect bank risk? A perspective based on financialized transfer of government implicit debt risk17
Economic policy uncertainty and green innovation: Evidence from China17
Endogenous sector–biased technological change and industrial policy17
Does environmental regulation affect the labor income share of manufacturing enterprises? Evidence from China17
ESG rating confusion and bond spreads17
The market value effect of digital mergers and acquisitions: Evidence from China17
The macroeconomic effects of business tax cuts with debt financing and accelerated depreciation17
Foreign ownership without knowledge transfers: Evidence of processing exporter underperformance from firm-level data16
Multidimensional poverty and growth: Evidence from India 1998–202116
Good and bad self-excitation: Asymmetric self-exciting jumps in Bitcoin returns16
Servicification and manufacturing exports: Evidence from India16
Free licensing strategy and ex-post privatization policy with passive ownership16
Welfare effects of health insurance reform: The role of elastic medical demand16
Editorial Board16
Hedge fund fee structure and risk exposure16
Editorial of the special issue on contemporary issues in tourism economics16
On the role of dependence in sticky price and sticky information Phillips curve: Modelling and forecasting16
A Time-Varying Hedonic Approach to quantifying the effects of loss aversion on house prices16
Government spending multipliers and financial fragility in Italy16
Disclosure policies in all-pay auctions with affiliated values16
Editorial Board16
Understanding the public-private sector wage gap in Germany: New evidence from a Fixed Effects quantile Approach∗16
Share repurchases under economic policy uncertainty: Evidence from China16
Market-oriented reforms and wealth inequality in China15
The effects of private and social incentives on students’ test-taking effort15
Exchange rate predictability, risk premiums, and predictive system15
Modeling country-sectoral spillovers in generalized propensity score matching: An empirical test on trade data15
Types of employment and well-being of rural residents: A multinomial endogenous switching regression application15
Bank fintech, liquidity creation, and risk-taking: Evidence from China15
Business strategy, corporate social responsibility, and within-firm pay gap15
Beyond financial deepening: Rethinking the finance-growth relationship in an uneven world15
Can land misallocation be a greater barrier to development than capital? Evidence from manufacturing firms in Sri Lanka15
Is policy causing chaos in the United Kingdom?15
Discrepancy and cross-regional bias in sovereign credit ratings: Analyzing the role of public debt15
Optimal carbon tax rates in a dynamic stochastic general equilibrium model with a supply chain15
Great moderation with Chinese characteristics: Uncovering the role of monetary policy15
Corporate governance of controlling shareholders and labor employment decisions: Evidence from a parent board reform in China15
Pushing and pulling on a string? Inflationary effects of expansionary and contractionary monetary policies when rates are negative15
Class differences and the Commercial Revolution: An equilibrium selection story15
Resource misallocation in China: Biased subsidies versus credit discrimination15
Productivity, relative sectoral prices, and total factor productivity: Theory and evidence15
Life expectancy, fertility, and retirement in an endogenous-growth model with human capital accumulation15
Inflation, economic growth and education expenditure15
Health investment and medical risk: New explanations of the portfolio puzzle15
The cyclicality of the finance premium over the business cycle14
A two-stage game model of probabilistic price manipulation in decentralized exchanges14
Surname distance and interregional investments14
Spatial economic dynamics in transport project appraisal14
Winning hearts and minds in conflict-ridden areas: Development as a signal of benevolence14
Do green bonds de-risk investment in low-carbon stocks?14
Does relationship lending help firms to ask for credit? European cross-country evidence14
High-speed railway and the intercity transmission of epidemics: Evidence from COVID-19 in China14
Predicting cryptocurrency volatility: The power of model clustering14
Accounting for spanish economic development 1850–201914
Editorial Board14
Editorial Board14
Examining business cycles and optimal monetary policy in a regional DSGE model14
Frictions and empirical fit in a DSGE model for Indonesia14
The network effect of Chinese competition on what domestic suppliers produce14
Ownership, volatility, and equity incentives: Theory and evidence from listed companies in China14
Forecasting macroeconomic effects of stablecoin adoption: A Bayesian approach14
Information and optimal trading strategies with dark pools14
Welfare and income effects of tuition subsidies and public investment in schooling14
Does demand for health services depend on cost-sharing? Evidence from Italy14
Uncertainty shocks and business cycles in the US: New insights from the last three decades14
Can conflicts unite a nation?14
Do liquidity constraints affect the investment decisions of California hospitals?13
Firm location effect on underwriting, subscription, and underpricing: Evidence from IPOs in China13
Investment and financing analysis for a venture capital alternative13
COVID-19 and Indigenous health in the Brazilian Amazon13
Growth, institutions and oil dependence: A buffered threshold panel approach13
The effects of asset prices on income inequality: Redistribution policy does matter13
Modeling R&D spillovers to productivity: The effects of tax credits13
The role of wages in triggering innovation and productivity: A dynamic exploration for European economies13
Are activist hedge funds good business advisors?13
Should the Daylight Saving Time be abolished? Evidence from work accidents in Italy13
Transition risk of a petroleum currency13
Yield spread determinants of sukuk and conventional bonds13
Empirical evidence of risk contagion across regional housing markets in China13
The Daily Economic Indicator: tracking economic activity daily during the lockdown13
Global value chains participation and pollution emissions? Theory and evidence from Chinese enterprises13
The asymmetric dynamics of stock–bond liquidity correlation in China: The role of macro-financial determinants13
Corporate diversification and labor investment efficiency: Evidence from China13
Portfolio constructions in cryptocurrency market: A CVaR-based deep reinforcement learning approach13
A regime-switching model of stock returns with momentum and mean reversion13
Internetization and the markups of export firms: Evidence from China13
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