Empirical Economics

Article	Citations
General diagnostic tests for cross-sectional dependence in panels	994
A homogeneous approach to testing for Granger non-causality in heterogeneous panels	138
Quantile regression with nonadditive fixed effects	104
Feasible generalized least squares for panel data with cross-sectional and serial correlations	93
The volatility of Bitcoin and its role as a medium of exchange and a store of value	84
The spatial spillover effect of urban sprawl and fiscal decentralization on air pollution: evidence from 269 cities in China	77
The impact of economic uncertainty caused by COVID-19 on renewable energy stocks	37
Does institutional quality foster economic complexity? The fundamental drivers of productive capabilities	34
Contemporaneous causality among one hundred Chinese cities	32
Green innovations and patenting renewable energy technologies	27
Stock market returns and oil price shocks: A CoVaR analysis based on dynamic vine copula models	25
Ecological footprint, electricity consumption, and economic growth in China: geopolitical risk and natural resources governance	25
Sector connectedness in the Chinese stock markets	22
Natural resources and income inequality in developed countries: synthetic control method evidence	22
Cross-country differences in the size of venture capital financing rounds: a machine learning approach	20
Forecasting inflation in the euro area: countries matter!	20
Return and volatility spillovers to African equity markets and their determinants	19
Real estate listings and their usefulness for hedonic regressions	17
Fast algorithms for the quantile regression process	17
Oil price volatility and the US stock market	17
Is the Korean housing market following Gangnam style?	17
Modelling systemic risk using neural network quantile regression	17
Long-term determinants of income inequality: evidence from panel data over 1870–2016	16
COVID-19 and the volatility interlinkage between bitcoin and financial assets	16
Financial inclusion, financial technology, and economic development: a composite index approach	15

Effects of tax administration corruption on innovation inputs and outputs: evidence from small and medium sized enterprises in Vietnam	14
The effect of health on economic growth: a meta-regression analysis	13
Institutions and FDI from BRICS countries: a meta-analytic review	13
Determining the efficiency of residential electricity consumption	13
The agency problem revisited: a structural analysis of managerial productivity and CEO compensation in large US commercial banks	12
Adverse shocks, household expenditure and child marriage: evidence from India and Vietnam	12
Cross-country connectedness in inflation and unemployment: measurement and macroeconomic consequences	12
Growth, inequality and poverty: a robust relationship?	12
Misreporting of program take-up in survey data and its consequences for measuring non-take-up: new evidence from linked administrative and survey data	12
Modal regression for fixed effects panel data	11
Estimating poverty and vulnerability to monetary and non-monetary poverty: the case of Vietnam	11
Estimation of semi- and nonparametric stochastic frontier models with endogenous regressors	11
Estimating the effects of ESG scores on corporate credit ratings using multivariate ordinal logit regression	10
Uncertainty in an emerging market economy: evidence from Thailand	10
Economic applications of quantile regression 2.0	10
Does the source of oil supply shock matter in explaining the behavior of U.S. consumer spending and sentiment?	10
How does AirBnb affect local Spanish tourism markets?	10
The role of price spillovers: what is different in China	10
How do energy price hikes affect exchange rates during the war in Ukraine?	10
Air pollution and internal migration: evidence from an Iranian household survey	10
Inflation expectations and consumer spending: the role of household balance sheets	10
Aggregate efficiency of industry and its groups: the case of Queensland public hospitals	9
Strategic asset allocation and the demand for real estate: international evidence	9
The forecasting of consumer exchange-traded funds (ETFs) via grey relational analysis (GRA) and artificial neural network (ANN)	9
United States Oil Fund volatility prediction: the roles of leverage effect and jumps	9
Measuring the effect of management on production: a two-tier stochastic frontier approach	9
Patent value indicators and technological innovation	9
Testing for overall and cluster convergence of housing rents using robust methodology: evidence from Polish provincial capitals	9
Debt and financial market contagion	9
Do methane emissions converge? Evidence from global panel data on production- and consumption-based emissions	9
The effects of parental involvement in homework: two randomised controlled trials in financial education	9
Industry electricity price and output elasticities for high-income and middle-income countries	9
Semi-parametric models of spatial market integration	8
Impact of asset size on performance and outreach using panel quantile regression with non-additive fixed effects	8
Gender pay gaps in domestic and foreign-owned firms	8
A note on the Bitcoin and Fed Funds rate	8
Gender differences in wage expectations: the role of biased beliefs	8
Wrong skewness and finite sample correction in the normal-half normal stochastic frontier model	8
Bayesian panel quantile regression for binary outcomes with correlated random effects: an application on crime recidivism in Canada	8
Estimation of firm productivity in the presence of spillovers and common shocks	8
On Zipf’s law and the bias of Zipf regressions	7
Financial depth and electricity consumption in Africa: Does education matter?	7
Dynamic network and own effects on abnormal returns: evidence from China’s stock market	7
Does economic inequality breed murder? An empirical investigation of the relationship between economic inequality and homicide rates in Canadian provinces and CMAs	7
Persistence and efficiency of OECD stock markets: linear and nonlinear fractional integration approaches	7
Complex network analysis of volatility spillovers between global financial indicators and G20 stock markets	7
Contagion or interdependence? Comparing spillover indices	7
Gravity models of interprovincial migration flows in Canada with hierarchical multifactor structure	7
How measurement error affects inference in linear regression	7
Benchmarking the performance of US Municipalities	7

Bank stability and economic growth: trade-offs or opportunities?	7
Alternative estimation approaches for the factor augmented panel data model with small T	7
Extensions of the Pesaran, Shin and Smith (2001) bounds testing procedure	7
Evaluating the cdf of the Skew Normal distribution	7
Persistent and transient inefficiency in adult education	7
Price bubbles of agricultural commodities: evidence from China’s futures market	6
Is the productivity premium of internationalized firms technology-driven?	6
The effect of Eurosystem asset purchase programmes on euro area sovereign bond yields during the COVID-19 pandemic	6
Measuring systemic risk and contagion in the European financial network	6
Trade liberalization, credit constraints, and export quality upgrading	6
How do extremely high temperatures affect labor market performance? Evidence from rural China	6
Are exports and imports of India’s trading partners cointegrated? Evidence from Fourier bootstrap ARDL procedure	6
Changing selection into full-time work and its effect on wage inequality in Germany	6
Bargaining power and information asymmetry in China’s water market: an empirical two-tier stochastic frontier analysis	6
Okun’s law revisited in the time–frequency domain: introducing unemployment into a wavelet-based control model	6
Retirement routes and the well-being of retirees	6
The impact of CEO compensation and excess reserves on bank risk-taking: the moderating role of monetary policy	6
The border effect on mergers and acquisitions	6
Willingness to pay to ensure a continuous water supply with minimum restrictions	6
The African tragedy: the effect of democracy on economic growth	6
FDI and educational outcomes in developing countries	6
The impact of TV series on tourism performance: the case of Game of Thrones	6
A statistical analysis of investor preferences for portfolio selection	6
Measuring China's core inflation for forecasting purposes: taking persistence as weight	5
Systemic risk: a network approach	5
Nonlinear nexus between corruption and tourism arrivals: a global analysis	5
Does corporate governance affect financial analysts’ stock recommendations, target prices accuracy and earnings forecast characteristics? An empirical investigation of US companies	5
Live large or die young: subsidized loans and firm survival in Brazil	5
When are trend–cycle decompositions of GDP reliable?	5
Convergence in obesity and overweight rates across OECD countries: evidence from the stochastic and club convergence tests	5
Do the determinants of foreign direct investment have a reverse and symmetric impact on foreign direct divestment?	5
The long shadow of child labour on adolescent mental health: a quantile approach	5
Were they a shock or an opportunity?: The heterogeneous impacts of the 9/11 attacks on refugees as job seekers—a nonlinear multi-level approach	5
Fiscal reaction functions for the advanced economies revisited	5
Indirect and direct effects of the subprime crisis on the real sector: labor market migration	5
The effect of peer employment and neighborhood characteristics on individual employment	5
The effect of Islamic revolution and war on income inequality in Iran	5
What’s behind firms’ inflation forecasts?	5
Is social capital associated with individual social responsibility? The case of social distancing during the Covid-19 pandemic	5
How does monetary policy affect income inequality in Japan? Evidence from grouped data	5
SNAP participation, diet quality, and obesity: robust evidence with estimation techniques without external instrumental variables	5
On time and frequency-varying Okun’s coefficient: a new approach based on ensemble empirical mode decomposition	5
Model-based indicators for the identification of cyclical systemic risk	5
Measuring Knightian uncertainty	5
The effect of migration on unionization in Austria	5
Effectiveness of monetary policy under the high and low economic uncertainty states: evidence from the major Asian economies	5
Immigration and tax morale: the role of perceptions and prejudices	5
A bias-corrected fixed effects estimator in the dynamic panel data model	4
Is there a patience premium on migration?	4
Effects of R&D spending on productivity of the Russian firms: does technological intensity matter?	4
Distributional differences in the time horizon of executive compensation	4
A study of financial cycles and the macroeconomy in Taiwan	4
Electoral systems and income inequality: a tale of political equality	4
Joint tests for dynamic and spatial effects in short panels with fixed effects and heteroskedasticity	4
Economic disasters and aggregate investment	4
Innovation, institutional ownership and financial constraints	4
Exploring the technology–healthcare expenditure nexus: a panel error correction approach	4
Spatial stochastic frontier model with endogenous weighting matrix	4
The noise error component in stochastic frontier analysis	4
A replication note on humanitarian aid and violence	4
Does national income mediate the relationship between trade and government size?	4
Cost of CO2 emission mitigation and its decomposition: evidence from coal-fired thermal power sector in India	4
The macroeconomic impact of the electricity price: lessons from Chile	4
Livestock production and income inequality in rural Vietnam	4
The impact of fiscal rules on government debt: evidence from the CFA zone	4
Electricity derivatives: an application to the futures Italian market	4
Multivariate time-varying parameter modelling for stock markets	4
Score-driven stochastic seasonality of the Russian rouble: an application case study for the period of 1999 to 2020	4
Aggregation, asymmetry, and common factors for Bangladesh’s exchange rate–trade balance relation	4
Preference estimation in centralized college admissions from reported lists	4
A hierarchical panel data stochastic frontier model for the estimation of stochastic metafrontiers	4
True or spurious long memory in the cryptocurrency markets: evidence from a multivariate test and other Whittle estimation methods	4
The impact of commodity price volatility on fiscal balance and the role of real interest rate	4
Working capital management, financial constraints and exports: evidence from European and US manufacturers	4
Labour market uncertainty after the irruption of COVID-19	4
Classification with segmentation for credit scoring and bankruptcy prediction	4
Revisiting the asymmetric impacts of the exchange market pressure on the inflation, interest rate and foreign trade balance in Eastern Europe	4
Lack of fiscal transparency and economic growth expectations: an empirical assessment from a large emerging economy	3
Governments’ economic support for households during the COVID-19 pandemic and consumer confidence	3
The impact of fiscal consolidations on growth in sub-Saharan Africa	3

Do you feel the heat around the corner? The effect of weather on crime	3
Modelling and forecasting risk dependence and portfolio VaR for cryptocurrencies	3
India’s calorie consumption puzzle: insights from the stochastic cost frontier analysis of calorie purchases	3
The causal impact of mental health on tobacco and alcohol consumption: an instrumental variables approach	3
The efficiency of COVID cases to COVID policies: a robust conditional approach	3
Direct and network effects of idiosyncratic TFP shocks	3
Measuring uncertainty: A streamlined application for the Ecuadorian economy	3
Do migrant remittances affect household spending? Focus on wedding expenditures	3
Does certainty on the winner diminish the interest in sport competitions? The case of formula one	3
“Who’ll take the chair?” Maternal employment effects of a Polish (pre)school reform	3
‘Investing’ in care for old age? An examination of long-term care expenditure dynamics and its spillovers	3
Explaining German outward FDI in the EU: a reassessment using Bayesian model averaging and GLM estimators	3
A decade of violence and empty stadiums in Egypt: when does emotion from the terraces affect behaviour on the pitch?	3
The connectedness between Hong Kong and China real estate markets: spillover effect and information transmission	3
Is it good to be bad or bad to be good? Assessing the aggregate impact of abnormal weather on consumer spending	3
Sunk costs in the NBA: the salary cap and free agents	3
The effect of infrastructure investment on tourism demand: a synthetic control approach for the case of Kuelap, Peru	3
Oral interventions in the foreign exchange market: evidence from Australia	3
The great moderation: updated evidence with joint tests for multiple structural changes in variance and persistence	3
Nonlinearity in the causality and systemic risk spillover between the OPEC oil and GCC equity markets: a pre- and post-financial crisis analysis	3
Residual-based cointegration and non-cointegration tests for cointegrating polynomial regressions	3
Who revolts? Income, political freedom and the Egyptian revolution	3
Crude oil price point forecasts of the Norwegian GDP growth rate	3
Green or grey stocks? Dynamic effects of carbon markets based on Chinese practices	3
The Belt and Road Initiatives and the growth of total factor productivity: based on the perspective of the regional import of intermediate goods	3
Spatial effects of nutrient pollution on drinking water production	3
Optimal pricing of alpine ski passes in the case of crowdedness and reduced skiing capacity	3
Hedging against inflation: housing versus equity	3
Does high debt ratio influence Chinese firms’ performance? A semiparametric stochastic frontier approach with zero inefficiency	3
Do minimum wages improve self-rated health? Evidence from a natural experiment	3
International confidence spillovers and business cycles in small open economies	3
Testing for the rationality of central bank interest rate forecasts	3
Price relationship among domestic and imported beef products in South Korea	3
Preventing NEETs during the Great Recession: the effects of mandatory activation programs for young welfare recipients	3
Modelling currency demand: the case of the euro	3
Tools of the trade: trade flexibility with respect to margins and buyers	3
Can licensing induce productivity? Exploring the IPR effect	3
External shocks, cross-border flows and macroeconomic risks in emerging market economies	3
Financial stability and local economic development: the experience of Italian labour market areas	3
Student work during secondary education, educational achievement, and later employment: a dynamic approach	3
Progressivity and redistributive effects of income taxes: evidence from India	3
Macroeconomic effects of the ECB’S forward guidance	3
Economic determinants of regional trade agreements revisited using machine learning	3
Nonlinear responses of consumption to wealth, income, and interest rate shocks	3
Vector quantile regression and optimal transport, from theory to numerics	3
Drinking is different! Examining the role of locus of control for alcohol consumption	3
Revisions in the Norwegian National Accounts: accuracy, unbiasedness and efficiency in preliminary figures	3
Big data forecasting of South African inflation	2
Innovation spillover and merger decisions	2
US partisan conflict shocks and international stock market returns	2
Estimating the effects of Syrian civil war	2
Bayesian nonlinear expectation for time series modelling and its application to Bitcoin	2
Heterogeneous Effects of Job Displacement on Earnings	2
A new fractional integration approach based on neural network nonlinearity with an application to testing unemployment hysteresis	2
Semiparametric modeling of the right-censored time-series based on different censorship solution techniques	2
Embedding effect and the consequences of advanced disclosure: evidence from the valuation of cultural goods	2
GDP effects of pandemics: a historical perspective	2
German forecasters’ narratives: How informative are German business cycle forecast reports?	2
A dynamic analysis of household debt using a self-organizing map	2
Financial distress and real economic activity in Lithuania: a Granger causality test based on mixed-frequency VAR	2
Local fiscal multipliers of different government spending categories	2
Trends in tax revenues of transition economies: an empirical approach	2
Macroeconometric forecasting using a cluster of dynamic factor models	2
Mobile payment adoption and the decline in China’s household savings rate	2
Racial demographics and cigarette tax shifting: evidence from scanner data	2
Combination of economic policies: how the perfect storm wrecked the Brazilian economic growth	2
Spatial panel simultaneous equations models with error components	2
Trade and employment volatility of firms during the global financial crisis and post-crisis	2
Macroeconomic effects of inflation targeting in emerging market economies	2
Is the future really observable? A practical approach to model monetary policy rules	2
Global risks, the macroeconomy, and asset prices	2
COVID-19, lockdowns and international trade: evidence from firm-level data	2
Does climate change affect economic data?	2
Bunching below thresholds to manipulate public procurement	2
The dynamics of US foreign aid decisions	2
Between the Eurozone crisis and the Brexit: the decade of British outward FDI into Europe	2
Forecasting unemployment with Google Trends: age, gender and digital divide	2
Kernel-based time-varying IV estimation: handle with care	2
Predicting recessions with a frontier measure of output gap: an application to Italian economy	2
Are the responses of output and investment to oil price shocks asymmetric?: The case of an oil-importing small open economy	2
Forecasting GDP with many predictors in a small open economy: forecast or information pooling?	2
On directors’ compensation: a multilevel analysis of Spanish listed companies	2
The impact of pandemic on dynamic volatility spillover network of international stock markets	2
The COVID-19 pandemic and Asian American employment	2
Using the conditional volatility channel to improve the accuracy of aggregate equity return predictions	2
Institutions and economic development: new measurements and evidence	2
Quantile regression version of Hodrick–Prescott filter	2
Assessing the impacts of pandemic and the increase in minimum down payment rate on Shanghai housing prices	2
Fiscal policy in the US: a new measure of uncertainty and its effects on the American economy	2
Machine learning approaches to testing institutional hypotheses: the case of Acemoglu, Johnson, and Robinson (2001)	2
Globalization, long memory, and real interest rate convergence: a historical perspective	2
Effects of incentive pay on systemic risk: evidence from CEO compensation and CoVar	2
The labor market impacts of graduating from university during a recession: evidence and mechanisms	2
Climate change and urban total factor productivity: evidence from capital cities and municipalities in China	2
Productive efficiency in processing social security disability claims: a look back at the 1989–95 surge	2