Economic Modelling

Article	Citations
Forecasting China bond default with severe class-imbalanced data: A simple learning model with causal inference	330
Welfare and income effects of tuition subsidies and public investment in schooling	311
Raising America’s future: Search for optimal child-related transfers	266
Decentralized government and firm pollution discharges: Evidence from China’s Province-Managing-County reform	114
Predicting cryptocurrency volatility: The power of model clustering	106
Social capital dilemma in joint liability lending	101
Unit roots in lower-bounded series with outliers	97
Information and optimal trading strategies with dark pools	87
Do tax incentives decelerate corporate financialization? Evidence from the VAT reform in China	84
Exploring the determinants of Fintech Credit: A comprehensive analysis	80
Corporate diversification and labor investment efficiency: Evidence from China	79
Trade warfare and sanctions in vertically related markets	78
Innovation convergence clubs and their driving factors within urban agglomeration	75
The relationship between green bonds and conventional financial markets: Evidence from quantile-on-quantile and quantile coherence approaches	74
A regime-switching model of stock returns with momentum and mean reversion	73
Subnational governments and COVID management	72
Corporate ESG scores and equity market misvaluation: Toward ethical investor behavior	68
The asymmetric dynamics of stock–bond liquidity correlation in China: The role of macro-financial determinants	59
Free trade agreements and domestic value added in exports: An analysis from the network perspective	57
Environmental protection tax and firms’ ESG investment: Evidence from China	54
Breaking the divide: Can public spending on social infrastructure boost female employment in Italy?	52
The interaction between domestic monetary policy and macroprudential policy in Israel	52
From struggle to startup: How childhood socioeconomic status shapes entrepreneurial happiness	50
Immigration from a terror-prone nation: Destination nation's optimal immigration and counterterrorism policies	50
Time-varying sources of fluctuations in global inflation	49

The Perverse Valuation Effect on Mergers and Acquisitions in Europe	49
The cyclicality of the finance premium over the business cycle	49
High temperature, bargaining power and within-firm wage inequality: Evidence from China	48
A century of gaps: Untangling business cycles from secular trends	47
Examining business cycles and optimal monetary policy in a regional DSGE model	47
The power of forward guidance: The role of social transfer	45
Investment and financing analysis for a venture capital alternative	43
Transition risk of a petroleum currency	42
Stock-flow adjustments, public debt management and interest costs	41
Do agricultural subsidies matter for women’s attitude towards intimate partner violence? Evidence from Malawi	41
The impact of ambiguity-loving attitude on market participation and asset pricing	41
Disasters and health insurance: Evidence from Louisiana	41
Unraveling the impact of bank loan spread on corporate innovation: Evidence from China	40
Spatial economic dynamics in transport project appraisal	39
Banking regulation and costless commitment contracts for time-inconsistent agents	39
Editorial Board	39
Does relationship lending help firms to ask for credit? European cross-country evidence	38
Executive compensation and the potential for additional efficiency gains: Evidence from the Indian manufacturing sector	38
The role of wages in triggering innovation and productivity: A dynamic exploration for European economies	38
Consumption taxation to finance pension payments	36
Do natural disasters fuel terrorism? The role of state capacity	36
Editorial Board	36
COVID-19 and Indigenous health in the Brazilian Amazon	36
Empirical evidence of risk contagion across regional housing markets in China	36
Editorial of the special issue on: Digital innovation and financial access for SMEs	36
Editorial Board	36
Spillovers from the European Central Bank's asset purchases to countries in Central and Eastern Europe	35
Internetization and the markups of export firms: Evidence from China	35
Optimal macroprudential and fiscal policy in a monetary union	35
The short-run effects of public incentives for innovation in Italy	35
Identifying monetary policy shocks using economic forecasts in Korea	34
Beautiful cycles: A theory and a model implying a curious role for interest	34
Sovereign yield curves and the COVID-19 in emerging markets	34
Editorial Board	34
The effects of the BoJ's ETF purchases on equities and corporate investment	34
Does the environmental tax affect the within-firm pay gap? Evidence from China	33
Does social security policy matter for corporate social responsibility? Evidence from a quasi-natural experiment in China	33
Detecting statistically significant changes in connectedness: A bootstrap-based technique	32
A spatial difference-in-differences approach to evaluate the impact of light rail transit on property values	32
Editorial Board	31
Accounting for PD-LGD dependency: A tractable extension to the Basel ASRF framework	31
High-speed railway and the intercity transmission of epidemics: Evidence from COVID-19 in China	31
Does country sustainability improve firm ESG reporting transparency? The moderating role of firm industry and CSR engagement	30
Editorial Board	30
Are activist hedge funds good business advisors?	30
Can greater access to secondary health care decrease health inequality? Evidence from bus line introduction to Arab towns in Israel	30
Editorial Board	29
Does demand for health services depend on cost-sharing? Evidence from Italy	29
Modeling economic losses and greenhouse gas emissions reduction during the COVID-19 pandemic: Past, present, and future scenarios for Italy	29
Editorial Board	29

Structural gravity and the gains from trade under imperfect competition: Quantifying the effects of the European Single Market	29
Why exchange rate pass-through matters in forward exchange markets	28
A nonparametric approach to evolutionary oligopoly games: An application to the crude oil industry	28
Optimal policy in lemon markets with flexible information acquisition	28
The effect of South African wine certifications on price premiums and marginal costs: A two-stage hedonic approach	28
Forecasting imports with information from abroad	27
The effects of asset prices on income inequality: Redistribution policy does matter	27
The Daily Economic Indicator: tracking economic activity daily during the lockdown	27
TFP growth, technical efficiency and catch-up dynamics: Evidence from Indian manufacturing	27
Education policies and development with threshold human capital externalities	27
Network centrality and technology acquisitions: Evidence from China's listed business groups	27
Predicting and decomposing why representative agent and heterogeneous agent models sometimes diverge	27
Are sustainable investments interdependent? The international evidence	27
Pandemic and tax avoidance: Cross-country evidence	26
Revisiting the role of economic uncertainty in oil price fluctuations: Evidence from a new time-varying oil market model	26
Macroeconomic volatility and the current account: Extending the evidence	26
Governmental inspection and firm environmental protection expenditure: Evidence from China	26
Conflicts increased in Africa shortly after COVID-19 lockdowns, but welfare assistance reduced fatalities	26
Nexus between inflation and inflation expectations at the zero lower bound: A tiger by the tail	25
Do board reforms in parent firms boost subsidiaries’ innovation?	25
Corruption drives brain drain: Cross-country evidence from machine learning	25
Job creation and destruction in the digital age: Assessing heterogeneous effects across European Union countries	25
Explaining long-term bond yields synchronization dynamics in Europe	24
The effects of pandemics on income inequality: Visualizing a theoretical analysis	24
Impact of windfall tax on market dynamics: A Cournot oligopoly model with exogenous shocks	24
Quality-price choices and market configurations when location matters	24
Can digital transformation reduce within-firm pay inequality? Evidence from China	24
Industrial policy and potential for export upgrading: Evidence from government-approved projects in China	24
A paradox of coalition building in public good provision	24
Subjective income risk and precautionary saving	23
Environmental policies and stagnation in a two-country economy	23
Impact of CEO foreign experience on corporate environmental violations: The role of enhanced environmental ethics and general competency	23
Estimation and forecast of carbon emission market volatility based on model averaging method	23
Do sanctions imposed on peers have a deterrence effect on related-party transactions of observing firms? Evidence from Chinese listed firms	23
Does capital market liberalization increase corporate labor income share? Evidence from China	23
Editorial of the special issue on: Digital economy in game-theoretic approaches	23
Consumption indivisibility and the optimal tax mix	22
Cross-country heterogeneity in production–environment nexus and international trade	22
Do liquidity constraints affect the investment decisions of California hospitals?	22
A new approach for estimating trade elasticities and measuring the productivity effects associated with trade	22
Economic policy uncertainty and information intermediary: The case of short seller	22
Manager sentiment and its effect on corporate innovation	22
Winning hearts and minds in conflict-ridden areas: Development as a signal of benevolence	21
Accounting for spanish economic development 1850–2019	21
The effect of mandatory corporate social responsibility disclosure and performance on firms’ dividend decisions: Evidence from China	21
Can conflicts unite a nation?	21
Lifetime health costs of intimate partner violence: A prospective longitudinal cohort study with linked data for out-of-hospital and pharmaceutical costs	21
What explains delays in public procurement decisions?	21
Asymmetries and flight-to-safety effects in the price discovery process of cross-listed stocks	20
Factors that account for the wealth inequality differences between post-socialist countries	20
Correlation regimes in international equity and bond returns	20
Managerial perception on competition and strategic R&D decisions	20
Intervention analysis based on exponential smoothing methods: Applications to 9/11 and COVID-19 effects	20
Herding for profits: Market breadth and the cross-section of global equity returns	20
The network effect of Chinese competition on what domestic suppliers produce	20
Editorial Board	19
The importance of the future when deciding levels of personal responsibility and demand for redistribution	19
Spatial dynamic models with short panels: Evaluating the impact of purchase restrictions on housing prices	19
Decoding market reactions: The certification role of EU-wide stress tests	19
Peer effects on decision making in complex financial situations	19
Limiting fiscal procyclicality: Evidence from resource-dependent countries	19
Understanding and predicting monetary policy framework choice in developing countries	19
The optimal sales threshold separating taxpayers by size in China	19
Convergence in OPEC carbon dioxide emissions: Evidence from new panel stationarity tests with factors and breaks	19
Does household risk attitude affect consumption expenditure? Evidence from Chinese urban households	19
Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows: The case of developed countries	18
Do intangible assets provide corporate resilience? New evidence from infectious disease pandemics	18
Examining the behaviour of inflation to supply and demand shocks using an MS-VAR model	18
Surname distance and interregional investments	18
Beveridge curve under endogenous separation model: The role of wage rigidity and match-specific productivity	18
Peers with special needs and students’ noncognitive performance: Evidence from China	18
The relationship between poverty, income inequality and inclusive growth in Sub-Saharan Africa	17
Monetary policy announcements and bank lending: Do banks’ refinancing markets matter?	17
Are pro-SME credit policies effective? Evidence from shadow banking in China	17
Investor confidence and high financial literacy jointly shape investments in risky assets	17
When winter is over, its cold remains: Early-life famine experience breeds risk aversion	17
Forecasting macroeconomic effects of stablecoin adoption: A Bayesian approach	17
Flexible inflation targeting and stock market volatility: Evidence from emerging market economies	17
Modeling R&D spillovers to productivity: The effects of tax credits	17
Does the implementation of green credit policy improve the ESG performance of enterprises? Evidence from a quasi-natural experiment in China	17

Yield spread determinants of sukuk and conventional bonds	16
Public credit institutions, export activities, and global value chain participation: Evidence from China's credit demonstration city construction program	16
Firm location effect on underwriting, subscription, and underpricing: Evidence from IPOs in China	16
Inference on time-invariant variables using panel data: A pretest estimator	16
Do information spillovers across products aggravate product market monopoly? An examination with Chinese data	16
Role of global, regional, and advanced market economic policy uncertainty on bond spreads in emerging markets	16
Growth, institutions and oil dependence: A buffered threshold panel approach	16
Debt and financial fragility: Italian non-financial companies after the pandemic	16
The link between intellectual property rights, innovation, and growth: A meta-analysis	16
A nonparametric panel data model for examining the contribution of tourism to economic growth	16
Monetary and macroprudential policies: How to Be green? A political-economy approach	16
The role of uncertainty in forecasting volatility comovements across stock markets	16
Innovation, productivity and spillover effects in the Italian accommodation industry	16
Fundamental volatility and informative trading volume in a rational expectations equilibrium	16
Identifying the impact of bank competition on corporate shadow banking: Evidence from China	16
How did house and stock prices respond to different crisis episodes since the 1870s?	15
The role of robot adoption in green innovation: Evidence from China	15
Should the Daylight Saving Time be abolished? Evidence from work accidents in Italy	15
The corruption and income inequality puzzle: Does political power distribution matter?	15
Does service trade liberalization relieve manufacturing enterprises’ financial constraints? Evidence from China	15
Board diversity and outward FDI: Evidence from europe	15
The cyclical behaviour of fiscal policy: A meta-analysis	15
Can FDI explain the growth disparity of the BRIC and the non-BRIC countries? Theoretical and empirical evidence from panel growth regressions	15
International currency substitution and the demand for money in the euro area	15
Examining the level and distribution of catastrophic health expenditure from 2013 to 2018: A province-level study in China	15
Climate pattern effects on global economic conditions	14
Portfolio constructions in cryptocurrency market: A CVaR-based deep reinforcement learning approach	14
Efficiency–equity trade-off in the Irish carbon tax: A CGE investigation of mixed revenue recycling schemes	14
Making digital technology innovation happen: The role of the CEO's information technology backgrounds	14
Analytically pricing European options in dynamic markets: Incorporating liquidity variations and economic cycles	14
Frictions and empirical fit in a DSGE model for Indonesia	14
Can monetary policy lean against housing bubbles?	14
Forecasting the climate-conflict risk in Africa along climate-related scenarios and multiple socio-economic drivers	14
Heterogeneity in speed of adjustment using finite mixture models	14
Do geographical appellations provide useful quality signals? The case of Scotch single malt whiskies	14
Does geographic proximity affect firms’ cross-regional development? Evidence from high-speed rail construction in China	14
Ownership, volatility, and equity incentives: Theory and evidence from listed companies in China	14
The impact of informal care from children to their elderly parents on self-employment? Evidence from China	14
How do external resources influence a firm's green innovation? A study based on absorptive capacity	14
Does happiness drive tourism decisions?	14
Foreign bank presence, institutional quality, and financial inclusion: Evidence from Africa	14
Industrial agglomeration and firm exports: Micro-evidence based on input-output linkages	14
The effects of policy uncertainty on bank loan loss provisions	14
Carbon performance and firm value of the World's most sustainable companies	13
The global economic impacts of the COVID-19 pandemic	13
Digital technologies and productivity: A firm-level investigation	13
Institutional openness and analyst competition in China's capital market: Evidence of information acquisition advantages	13
Heterogeneity effect of positive and negative jumps on the realized volatility: Evidence from China	13
Portfolio capital flows before and after the Global Financial Crisis	13
Revisiting the impact of oil price shocks on macroeconomic performance: An international perspective	13
Option listing and underlying commodity futures volatility in China	13
Fragile robots, economic growth and convergence	13
Households’ assets, sentiment shocks and business cycles	13
Disentangling demand and supply inflation shocks from electronic payments data	13
Exports and the demand for skilled labor in China: Do foreign ownership and trade type matter?	13
Editorial Board	13
Will voters polarize over pandemic restrictions? Theory and evidence from COVID-19	13
Measuring and explaining firm-level exchange rate exposure: The role of foreign market destinations and international trade	13
Can property tax curb housing costs in China? New insights from Chongqing with Bayesian synthetic control	13
Vaccination policy and trust	13
Is gold a hedge or a safe-haven asset in the COVID–19 crisis?	13
What are firms borrowing for? The role of financial assets	13
Are cooperative and commercial banks equally effective in reducing the shadow economy? International evidence	13
Impact of bilateral trade on fossil energy consumption in BRICS: An extended decomposition analysis	13
The unintended consequences of compensating trade’s losers	13
The ECB's policy, the Recovery Fund and the importance of trust and fiscal corrections: The case of Greece	13
Firm–bank “odd couples” and trade credit: Evidence from Italian small- and medium-sized enterprises	12
Twenty years with the Euro: Eurozone banking market integration revisited	12
Multi-agent, multi-site resource allocation under quotas with a Stackelberg leader and network externalities	12
Accounting for technology heterogeneity in the measurement of persistent and transient inefficiency	12
Corruption, firm productivity, and gains from import liberalization in China	12
Effects of higher education subsidies on equity and efficiency across developmental stages	12
Robust estimates of vulnerability to poverty using quantile models	12
Editorial Board	12
Land productivity and colonization	12
Market regime detection via realized covariances	12
Workers’ firm in mixed duopoly	12
Provincial economic growth and firm excess investment: Evidence from China	12
Can buying weapons from your friends make you better off? Evidence from NATO	12
The local economic impacts of mega nuclear accident: A synthetic control analysis of Fukushima	12
Capital income risk and the dynamics of the wealth distribution	12
Modelling persistent stationary processes in continuous time	12
Identification and estimation of a heteroskedastic censored regression model with random coefficient dummy endogenous regressors	12
The effect of endogenous campaign spending and voter heterogeneity on candidates' vote share: Empirical evidence from Taiwanese local elections	12
Idiosyncratic shocks in a currency union: Insights from West Africa	12
Editorial Board	12
Global value chain and export-embodied carbon emissions: New evidence from foreign-invested enterprises	12
Leverage, competition and financial distress hazard: Implications for capital structure in the presence of agency costs	12
Generalizing the “Masterpiece Effect” in fine art pricing: Quantile Hedonic regression results for the South African fine art market, 2009–2021	12
Response of new car buyers to alternative energy policies: The role of vehicle use heterogeneity	12
On modeling IPO failure risk	12
China’s public international investment: A strategic-trade-policy perspective	11
Does primary stakeholder management improve competitiveness? A dynamic network non-parametric frontier approach	11
Debt decomposition and the role of inflation: A security level analysis for India	11
Dynamic portfolio choice and information trading with recursive utility	11