Review of Economic Analysis  

Carolyn Sissoko

In a world where the means of exchange is convertible into the numeraire consumption good at a fixed rate, no one wants to hold money over time – and due to convertibility there is no means by which the Friedman rule can generate deflation. This is the en... see more

Adhiraj Singh Rathore

This study uses a sample of 194 banks from 15 EU countries and two-stage data envelopment analysis (DEA) to provide evidence on the impact of the European Banking Authority (EBA)'s capital exercise on banks' efficiency. In the first stage of the analysis,... see more

Stephen Esaku, Waldo Krugell

We analyze the impact of trade liberalization on firm productivity growth in Kenya’s manufacturing sector, using a panel spanning 8 years; 1992-1999. Our analysis reveals that liberalizing trade generates high productivity improvements in the manufacturin... see more

Hale Akbulut, Hüseyin Taylan Egen

From the 1980s to onwards trade liberalization policies have been widely used in many countries. This process has significant impacts on many economic aspects one of which is on the labour market.  However, the direction of the relationship between t... see more

Efthymios Stathakis, Theophilos Papadimitriou, Periklis Gogas

Electricity markets are considered to be the most volatile amongst commodity markets. The non-storability of electricity and the need for instantaneous balancing of demand and supply can often cause extreme short-lived fluctuations in electricity prices. ... see more

Evangelos Vasileiou

This paper examines how the largest stock market of the world, the U.S., and particularly the S&P500 index, reacted during the COVID-19 outbreak (02.01.2020-30.04.2020). Using simple financial and corporate analysis (adopting Constant Growth Model) proced... see more

Livio Di Matteo, Thomas Barbiero

Canada spends more than Italy on health per capita and as a share of GDP and has a higher per capita GDP.  Yet, life expectancy and infant mortality in Italy are better and have improved more over time.  The implication is that the Italian healt... see more

Stein Monteiro

There are larger productivity gains to migrating from a relatively poor country than a richer one. Due to these productivity differences, immigration from a poor source country is larger. Among poor source country immigrants, their exposure to co-ethnics ... see more

Marco Di Cintio

The aim of our research is to investigate whether the choice to export directly versus indirect export plays a role in the level of knowledge acquired by exporting firms. To the best of our knowledge, there is no empirical evidence in this stream of liter... see more

Julio César Hernández, Wilfredo Toledo

Remittances are an important source of external resources for developing countries.  These transfers may increase the levels of consumption and capital formation in these economies. This paper examines the economic impact of international remittances... see more

Mariana Saenz, Antony G. Barilla

Abstract Dunning’s Eclectic Paradigm is used to assess the effectiveness and impact of U.S. drug prohibition policy on economic growth and political stability in Latin American countries as well as the decision making of Latin American Transnational Crimi... see more

Ethan McGee, Kamal P Upadhyaya, Rabindra N Bhandari

This paper estimates the effect of Chinese Yuan devaluation on the trade balance of China.  For that a regression equation is developed in which domestic income, foreign income, domestic money supply, foreign money supply and real effective exchange ... see more

Umut Oguzoglu

 A dynamic labour force participation model is used to estimate the impact of disability shocks on labour force participation using a longitudinal sample drawn from the National Population Health Survey. Findings suggest that state dependence play a ... see more

Evangelos Vasileiou, Aristeidis Samitas

This study highlights some deficiencies of the stock markets’ risk legislation framework, and particularly the CESR (2010) guidelines. We show that the current legislative framework fails to offer incentives to financial management companies to invest in ... see more