Economic Modelling

Article	Citations
Editorial Board	479
Editorial of the special issue on: Digital innovation and financial access for SMEs	465
A new approach for estimating trade elasticities and measuring the productivity effects associated with trade	220
Government expenditure composition and long-run economic growth in the aging democracy	178
Does capital market liberalization increase corporate labor income share? Evidence from China	152
Investor confidence and high financial literacy jointly shape investments in risky assets	133
Identifying the impact of bank competition on corporate shadow banking: Evidence from China	130
Spillovers from the European Central Bank's asset purchases to countries in Central and Eastern Europe	114
Social capital dilemma in joint liability lending	100
Economic policy uncertainty and information intermediary: The case of short seller	97
Flexible inflation targeting and stock market volatility: Evidence from emerging market economies	95
Scale economies in European trade	95
Job creation and destruction in the digital age: Assessing heterogeneous effects across European Union countries	89
A paradox of coalition building in public good provision	85
Policy uncertainty and optimal provision of public information	83
Peer effects on decision making in complex financial situations	82
Do geographical appellations provide useful quality signals? The case of Scotch single malt whiskies	76
Can digital transformation reduce within-firm pay inequality? Evidence from China	74
The effects of the BoJ's ETF purchases on equities and corporate investment	74
Effects of wage compensation and containment policies on Labor supply during pandemics	74
Forecasting the climate-conflict risk in Africa along climate-related scenarios and multiple socio-economic drivers	70
Board diversity and outward FDI: Evidence from europe	70
Are pro-SME credit policies effective? Evidence from shadow banking in China	67
Local government debt and shadow banking of non-financial enterprises: Evidence from China	67
How do free trade agreements affect firms’ export values? Insights into the mechanisms of trade costs and export stability	66

Systematic risk profiling: Assessing compounding economic risks in developing countries	65
Creditor protection shocks and corporate cash holdings: Insights from online judicial auctions	64
Debt and financial fragility: Italian non-financial companies after the pandemic	63
Common institutional ownership and corporate financial investment	62
Do agricultural subsidies matter for women’s attitude towards intimate partner violence? Evidence from Malawi	62
Coping with labor market risk: Formal job loss and earnings dynamics in India	60
Stocks, currencies, and geopolitical shocks: Evidence from advanced and emerging markets	58
How poverty alleviation improved girls’ school completion in rural China? The role of health	56
Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows: The case of developed countries	54
The cyclical behaviour of fiscal policy: A meta-analysis	54
Does public long-term care insurance affect spousal labor supply? Evidence from China	54
Do foreign direct investment and trade affect the relationship between temperature and civil conflict?	53
Optimal tax enforcement with productive public inputs	52
A reformulation of the bank lending channel under multiple prudential regulations	51
Shock-based inference on the Phillips curve with the cost channel	51
Will voters polarize over pandemic restrictions? Theory and evidence from COVID-19	51
Tourism in Africa and economic vulnerabilities to exogenous shocks	50
The digital economy, entry mode strategies, and the profitability of foreign subsidiaries: A global view	49
Unlocking the potential of inventory management: Integrating digital transformation with firm practices	49
A long short-term memory enhanced realized conditional heteroskedasticity model	48
Land productivity and colonization	47
Renewable energy shocks and business cycle dynamics in Brazil	47
Informal networks and education choice: A dynamic macro model	47
The effects of consumer goods tariff reductions on market competition in China	47
The effect of retail chain expansions on local small businesses: The case of Dollar General in Florida	46
Economic distress, democratic quality, and satisfaction with democracy in Europe during COVID-19: A multilevel approach	46
Migrants, regulations, and trade	45
Income assistance, marriage, and child poverty: An assessment of the Family Security Act	45
Multi-agent, multi-site resource allocation under quotas with a Stackelberg leader and network externalities	44
Idiosyncratic shocks in a currency union: Insights from West Africa	44
Testing factor models when asset bubbles occur: A time-varying perspective	43
Dual class shares design in corporate firms: An endogenous governance model of the optimal “wedge”	42
The unintended consequences of compensating trade’s losers	42
Price connectedness and input–output linkages: Evidence from China	40
Industrial policy persistence and local economic performance: The role of subsidy allocation in China	40
Government ownership of banks: Implications for minority shareholders	40
China’s public international investment: A strategic-trade-policy perspective	39
Disentangling demand and supply inflation shocks from electronic payments data	39
Are cooperative and commercial banks equally effective in reducing the shadow economy? International evidence	38
The global component of headline and core inflation in emerging market economies and its ability to improve forecasting performance	38
News and noise in crime politics: The role of announcements and risk attitudes	37
Portfolio capital flows before and after the Global Financial Crisis	37
Growth and inequality under different hierarchical education regimes	37
Comparing asymmetric price efficiency in regional ESG markets before and during COVID-19	36
A Policy Conundrum: Schumpeterian Growth or Job Creation?	36
Regional digitalization, dynamic capabilities and green innovation: Evidence from e-commerce demonstration cities in China	36
Localized risk factors: Performance differentials between state-level and US factor models	35
Grandchild care and grandparents’ labor supply	35
How are policy uncertainty, real economy, and financial sector connected?	35
Can property tax curb housing costs in China? New insights from Chongqing with Bayesian synthetic control	34

Did the American Rescue Plan cause inflation? A synthetic control approach	34
Deposit insurance pricing and monetary policy transmission	33
Financial development and entrepreneurial vitality: Exploring the influence of entrepreneurial intention and government attention	33
Post-Cold War civil conflict and the role of history and religion: A stochastic search variable selection approach	33
Are African business cycles synchronized? Evidence from spatio-temporal modeling	33
Cultural values and interbank markets: An agent-based stock-flow consistent model	32
Global COVID-19 under-reporting: A Tobit model	32
Public debt management announcements: A welfare-theoretic analysis	31
Sequential Bayesian bandwidth selection for multivariate kernel regression with applications	31
Financial integration or financial fragmentation? A euro area perspective	31
LAMP, informality and monetary growth rules in an emerging economy	30
Editorial Board	30
CEO locality and R&D investment efficiency: Evidence from China	30
Does the gender composition of local governments matter for firms’ information environment? Evidence from China	30
Editorial Board	30
Lottery preference, short-sale constraint, and the salience effect: Evidence from China	29
Emerging market responses to external shocks: A cross-country analysis	29
Multiproduct firm’s reputation and leniency program in multimarket collusion	29
Constructing compact cities: How urban regeneration can enhance growth and relieve congestion	29
A long-run approach to money, unemployment, and equity prices	28
Does social culture matter for firms' access to trade credit? Evidence from China	28
Editorial Board	28
Gaps between official and excess Covid-19 mortality measures: The effects of institutional quality and vaccinations	28
Taxation and the distributional impact of inflation: The U.S. post-war experience	28
Economic policy uncertainty, ESG practices, and investment inefficiency in U.S. firms	28
Strategic archetypes, credit ratings, and cost of debt	28
Do government subsidies undermine organizational resilience? Evidence from stock price reactions to the COVID-19 pandemic	27
A new method to estimate the income elasticity of marginal utility of income in the absence of price data	27
Heterogeneous technology and specialization for economic growth beyond the middle-income stage	27
Improving minimum-variance portfolio through shrinkage of large covariance matrices	27
Does the digital sector affiliation matter for the productivity of multinational firms?	27
Does vulnerable employment alleviate poverty in developing countries?	26
Modeling electricity markets when renewable power increases	26
Does economic policy uncertainty impact global value chain participation of Indian firms? The role of financial constraints	26
Assessing potential improvement in education: Unravelling pupils' and schools’ inefficiencies using a multi-level metafrontier approach	26
Market-based climate policy with fluctuating fossil energy prices	26
Addressing unanticipated interactions in risk equalization: A machine learning approach to modeling medical expenditure risk	26
Editorial Board	26
Asymmetric contagion of jump risk in the Chinese financial sector: Monetary policy transmission matters	26
Automating efficiency: The impact of industrial robots on labor investment in China	25
Supply chain digitalization and corporate innovation: evidence from China	25
Does digital finance spatial correlation drive income convergence?	25
Time-varying tails and the tail risk premium	25
The economic impact of global uncertainty and security threats on international tourism	25
The impact of public consumption and investment in the euro area during periods of high and normal uncertainty	25
From conflict to creativity: US-China trade war and Chinese corporate innovation	25
Information acquisition and financial advice	25
Regime-dependent effects of macroeconomic uncertainty on realized volatility in the U.S. stock market	25
Global value chains and external adjustment: Do exchange rates still matter?	25
The impact of road infrastructure on economic circulation: Market expansion and input cost saving	25
Robust estimation of the range-based GARCH model: Forecasting volatility, value at risk and expected shortfall of cryptocurrencies	24
Editorial Board	24
Convergence and determinants of young people not in employment, education or training: An European regional analysis	24
Editorial Board	24
Robust investment and hedging policy with limited commitment	24
Do export quality and destination income matter for exchange rate pass-through? Evidence from China	24
A game-theoretic analysis of international tax compliance	23
Regulating coopetition in an EV charging market	23
How institutions shape the economic returns to investment in European regions?	23
Onshore and offshore profit shifting and tax revenue losses in the European Union	23
How does offshoring affect the wage impact of immigration?	23
Fiscal institutional reform and export product quality: A Quasi-experimental research on counties managed directly by provinces	23
Lateral knowledge transfer and foreign affiliate performance: The importance of affiliate strategic roles	23
The effect of higher education on Women's obesity and smoking: Evidence from college openings in Turkey	23
Editorial Board	23
Understanding dynamic return connectedness and portfolio strategies among international sustainable exchange-traded funds	23
When trackers are aware of ESG: Do ESG ratings matter to tracking error portfolio performance?	22
Air pollution and gender imbalance in labor supply responses: Evidence from South Korea	22
Bayesian analysis for functional coefficient conditional autoregressive range model with applications	22
Does the supply network shape the firm size distribution? The Japanese case	22
Household spending diversity, aggregation, and the value of product variety	22
Household finances, debt overhang and consumption patterns	22
How do social insurance premiums influence corporate underinvestment? Evidence from an emerging market	22
Interpretable machine learning unveils nonlinear drivers of global energy risk spillovers: A TVP-VAR approach	22
Reforming China’s public pension system: Fiscal sustainability and the challenge of formality-based inequality	22
The art and science of monetary and fiscal policies in an emerging economy	22
“Green” fiscal policy measures and nonstandard monetary policy in the euro area	21
Consumption–investment comovement and the dynamic impact of monetary policy uncertainty in China	21
Labor market policies in high- and low-interest rate environments: Evidence from the euro area	21
The dark side of environmental judicial specialization: Corporate labor income share in China	21

FDI spillovers, innovation and the role of industrial clusters: Evidence from innovative Indian manufacturing firms	21
Peer influence and inflation expectations: Evidence from households’ social comparisons	21
Voluntary Capital Buffers and Risk-Taking in Dual Banking Systems	21
Systemic political risk	21
Can the cross-border e-commerce comprehensive pilot area policy improve China's FDI quality?	21
Editorial Board	20
A spatial one-sided error model to identify where unarrested criminals live	20
Quantifying firm-level carbon risk: A novel emission reduction stress factor	20
Market price determination: Interpreting quote order imbalance under zero-profit equilibrium	20
Quality distortions in monopolistic competition	20
Fiscal multipliers within the euro area in the context of sovereign risk and bank fragility	20
Fragile firms, fierce shocks: The asymmetric firm-level transmission of monetary policy in India	20
Policy coordination under model disagreement and asymmetric shocks	20
Belief-dependent pricing decisions	20
Corrigendum to “A reformulation of the bank lending channel under multiple prudential regulations” [Econ. Modell. 114 (2022) 1–16/105916]	20
Examining Chinese volume–volatility nexus: A regime-switching perspective	20
Do educated leaders perform better? Evidence on parliamentary effort and constituency outcomes in India	19
Unveiling the trade and welfare effects of regional services trade agreements: A structural gravity approach	19
Sustainable and equitable pension reform for emerging economies: An application to Indonesia	19
Strategic or substantive green innovation: How do non-green firms respond to green credit policy?	19
Technological peer pressure and inventor mobility: Evidence from China	19
Location, profitability, and international trade liberalization in European textile-clothing firms	19
Terrorism and uneven economic development	19
Sustainable economics and finance: Is the sky bluer than before?	19
Monetary policy analysis using natural language processing: Evaluating the People's Bank of China's minutes and report summary with the Taylor Rule	19
Endogenous sector–biased technological change and industrial policy	19
Does auction design facilitate collusion?	19
The labor share puzzle: Empirical evidence for European countries	19
Do general equilibrium effects matter for labor market dynamics?	19
Do decreases in Distance-to-Default predict rating downgrades?	19
The macroeconomic effects of business tax cuts with debt financing and accelerated depreciation	19
Regulatory arbitrage behavior of internationally active banks and global financial market conditions	19
The market value effect of digital mergers and acquisitions: Evidence from China	19
ESG rating confusion and bond spreads	18
Spatial spillover effect of green credit on carbon emission intensity in China: The role of high-quality productive forces	18
Joint governance corporate alliance and the share of labour income: Evidence from China's private firms	18
Does environmental regulation affect the labor income share of manufacturing enterprises? Evidence from China	18
How do labor supply dynamics influence patent protection policies?	18
Disclosure policies in all-pay auctions with affiliated values	18
Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty	18
Economic policy uncertainty and green innovation: Evidence from China	18
How many fundamentals should we include in the behavioral equilibrium exchange rate model?	18
CO2 emissions, energy consumption, and economic growth: Determining the stability of the 3E relationship	18
Does investment in consumer finance companies impact credit allocation of banks? Evidence from China	18
Editorial of the special issue on contemporary issues in tourism economics	18
A co-jump network approach to systemic risk measurement: Evidence from the U.S. financial market	18
How does fintech affect bank risk? A perspective based on financialized transfer of government implicit debt risk	18
A time-varying Phillips curve with global factors: Are global factors important?	18
The effects of private and social incentives on students’ test-taking effort	18
Market-oriented reforms and wealth inequality in China	17
Editorial Board	17
Good and bad self-excitation: Asymmetric self-exciting jumps in Bitcoin returns	17
Optimal carbon tax rates in a dynamic stochastic general equilibrium model with a supply chain	17
International spillovers of US monetary policy on inequality	17
Improving macroeconomic model credibility: Reducing reliance on frictions through observed inflation expectations	17
Health investment and medical risk: New explanations of the portfolio puzzle	17
Hedge fund fee structure and risk exposure	17
Spatial interactions and micro-enterprises’ uptake of COVID-19 financial aid: Evidence from a spatial hurdle probit model	17
Productivity spillover effects of participation in global value chains and FDI inflows	17
Temporary migration, indeterminacy and growth	17
Exchange rate predictability, risk premiums, and predictive system	17
Understanding the public-private sector wage gap in Germany: New evidence from a Fixed Effects quantile Approach∗	17
Life expectancy, fertility, and retirement in an endogenous-growth model with human capital accumulation	17
Discrepancy and cross-regional bias in sovereign credit ratings: Analyzing the role of public debt	17
Subnational impacts of Chinese education sector development aid on youth educational attainment in Africa	17
Bank fintech, liquidity creation, and risk-taking: Evidence from China	16
Beyond financial deepening: Rethinking the finance-growth relationship in an uneven world	16
Intelligent manufacturing and green innovation along the supply chain	16
Bride price, marriage expectations, and intentions among young male migrants in China: Evidence from manufacturing gig workers	16
Government spending multipliers and financial fragility in Italy	16
Multidimensional poverty and growth: Evidence from India 1998–2021	16
Resource misallocation in China: Biased subsidies versus credit discrimination	16
Impact of technological development on the employment of older adults: Evidence from high-tech industry expansion in China	16
Fertility policy and household labor supply: Evidence from China's Universal Two-Child Policy	16
Population aging and innovation slowdown: Dual mechanisms of firm cost structure and consumption preference	16
Welfare effects of health insurance reform: The role of elastic medical demand	16
Great moderation with Chinese characteristics: Uncovering the role of monetary policy	16
Modeling country-sectoral spillovers in generalized propensity score matching: An empirical test on trade data	16
Share repurchases under economic policy uncertainty: Evidence from China	16
Can land misallocation be a greater barrier to development than capital? Evidence from manufacturing firms in Sri Lanka	16
Capital requirements and risk-taking in community banks: The role of market power	16
Pushing and pulling on a string? Inflationary effects of expansionary and contractionary monetary policies when rates are negative	16
Types of employment and well-being of rural residents: A multinomial endogenous switching regression application	16
What do sentiments of budget speeches mean for stock returns?	15
No quick fix: The recovery and resilience plan and external position in Greece	15
A regime-switching model of stock returns with momentum and mean reversion	15
Efficiency–equity trade-off in the Irish carbon tax: A CGE investigation of mixed revenue recycling schemes	15
The cyclicality of the finance premium over the business cycle	15
Accounting for spanish economic development 1850–2019	15
What shapes greenium in bond markets? Evidence from Japan	15
A two-stage game model of probabilistic price manipulation in decentralized exchanges	15
Are activist hedge funds good business advisors?	15
Foreign ownership without knowledge transfers: Evidence of processing exporter underperformance from firm-level data	15
Fiscal consolidation and asymmetric macroeconomic effects: Evidence from Sub-Saharan African countries	15
Predicting cryptocurrency volatility: The power of model clustering	15