Empirical Economics

Article	Citations
General diagnostic tests for cross-sectional dependence in panels	953
A homogeneous approach to testing for Granger non-causality in heterogeneous panels	132
Quantile regression with nonadditive fixed effects	97
Feasible generalized least squares for panel data with cross-sectional and serial correlations	83
The volatility of Bitcoin and its role as a medium of exchange and a store of value	77
The spatial spillover effect of urban sprawl and fiscal decentralization on air pollution: evidence from 269 cities in China	74
The impact of economic uncertainty caused by COVID-19 on renewable energy stocks	36
Contemporaneous causality among one hundred Chinese cities	32
Does institutional quality foster economic complexity? The fundamental drivers of productive capabilities	31
Green innovations and patenting renewable energy technologies	25
Stock market returns and oil price shocks: A CoVaR analysis based on dynamic vine copula models	24
Natural resources and income inequality in developed countries: synthetic control method evidence	21
Dynamic linkage between oil prices and exchange rates: new global evidence	21
Sector connectedness in the Chinese stock markets	21
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
Ecological footprint, electricity consumption, and economic growth in China: geopolitical risk and natural resources governance	17
Modelling systemic risk using neural network quantile regression	17
Real estate listings and their usefulness for hedonic regressions	16
Return and volatility spillovers to African equity markets and their determinants	16
Oil price volatility and the US stock market	16
COVID-19 and the volatility interlinkage between bitcoin and financial assets	16
Fast algorithms for the quantile regression process	16
Long-term determinants of income inequality: evidence from panel data over 1870–2016	15
Is the Korean housing market following Gangnam style?	15

Effects of tax administration corruption on innovation inputs and outputs: evidence from small and medium sized enterprises in Vietnam	14
Financial inclusion, financial technology, and economic development: a composite index approach	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
Growth, inequality and poverty: a robust relationship?	11
Estimating poverty and vulnerability to monetary and non-monetary poverty: the case of Vietnam	11
The effect of health on economic growth: a meta-regression analysis	11
Adverse shocks, household expenditure and child marriage: evidence from India and Vietnam	11
Modal regression for fixed effects panel data	11
Does the source of oil supply shock matter in explaining the behavior of U.S. consumer spending and sentiment?	10
Economic applications of quantile regression 2.0	10
How does AirBnb affect local Spanish tourism markets?	10
Misreporting of program take-up in survey data and its consequences for measuring non-take-up: new evidence from linked administrative and survey data	10
Estimating the effects of ESG scores on corporate credit ratings using multivariate ordinal logit regression	10
Cross-country connectedness in inflation and unemployment: measurement and macroeconomic consequences	10
The role of price spillovers: what is different in China	10
The effects of parental involvement in homework: two randomised controlled trials in financial education	9
Inflation expectations and consumer spending: the role of household balance sheets	9
Aggregate efficiency of industry and its groups: the case of Queensland public hospitals	9
Testing for overall and cluster convergence of housing rents using robust methodology: evidence from Polish provincial capitals	9
Uncertainty in an emerging market economy: evidence from Thailand	9
Industry electricity price and output elasticities for high-income and middle-income countries	9
Semi-parametric models of spatial market integration	8
Air pollution and internal migration: evidence from an Iranian household survey	8
Patent value indicators and technological innovation	8
The forecasting of consumer exchange-traded funds (ETFs) via grey relational analysis (GRA) and artificial neural network (ANN)	8
Wrong skewness and finite sample correction in the normal-half normal stochastic frontier model	8
A note on the Bitcoin and Fed Funds rate	8
Bayesian panel quantile regression for binary outcomes with correlated random effects: an application on crime recidivism in Canada	8
Do methane emissions converge? Evidence from global panel data on production- and consumption-based emissions	8
Estimation of firm productivity in the presence of spillovers and common shocks	8
United States Oil Fund volatility prediction: the roles of leverage effect and jumps	8
How do energy price hikes affect exchange rates during the war in Ukraine?	8
Impact of asset size on performance and outreach using panel quantile regression with non-additive fixed effects	8
Gender differences in wage expectations: the role of biased beliefs	8
Gender pay gaps in domestic and foreign-owned firms	8
Does the belt and road initiative resolve the steel overcapacity in China? Evidence from a dynamic model averaging approach	8
Financial depth and electricity consumption in Africa: Does education matter?	7
Extensions of the Pesaran, Shin and Smith (2001) bounds testing procedure	7
Persistent and transient inefficiency in adult education	7
Persistence and efficiency of OECD stock markets: linear and nonlinear fractional integration approaches	7
Estimation of semi- and nonparametric stochastic frontier models with endogenous regressors	7
Contagion or interdependence? Comparing spillover indices	7
Gravity models of interprovincial migration flows in Canada with hierarchical multifactor structure	7
Debt and financial market contagion	7
Strategic asset allocation and the demand for real estate: international evidence	7
Dynamic network and own effects on abnormal returns: evidence from China’s stock market	7
Evaluating the cdf of the Skew Normal distribution	7
Benchmarking the performance of US Municipalities	7

Measuring the effect of management on production: a two-tier stochastic frontier approach	7
On Zipf’s law and the bias of Zipf regressions	6
A statistical analysis of investor preferences for portfolio selection	6
How do extremely high temperatures affect labor market performance? Evidence from rural China	6
Changing selection into full-time work and its effect on wage inequality in Germany	6
Is the productivity premium of internationalized firms technology-driven?	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
Bank stability and economic growth: trade-offs or opportunities?	6
Alternative estimation approaches for the factor augmented panel data model with small T	6
The impact of CEO compensation and excess reserves on bank risk-taking: the moderating role of monetary policy	6
Are exports and imports of India’s trading partners cointegrated? Evidence from Fourier bootstrap ARDL procedure	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
Measuring systemic risk and contagion in the European financial network	6
Price bubbles of agricultural commodities: evidence from China’s futures market	6
Trade liberalization, credit constraints, and export quality upgrading	6
The border effect on mergers and acquisitions	6
Does economic inequality breed murder? An empirical investigation of the relationship between economic inequality and homicide rates in Canadian provinces and CMAs	6
How measurement error affects inference in linear regression	6
The effect of Eurosystem asset purchase programmes on euro area sovereign bond yields during the COVID-19 pandemic	5
Higher frequency hedonic property price indices: a state-space approach	5
Immigration and tax morale: the role of perceptions and prejudices	5
How does monetary policy affect income inequality in Japan? Evidence from grouped data	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
The effect of peer employment and neighborhood characteristics on individual employment	5
What’s behind firms’ inflation forecasts?	5
Convergence in obesity and overweight rates across OECD countries: evidence from the stochastic and club convergence tests	5
Is social capital associated with individual social responsibility? The case of social distancing during the Covid-19 pandemic	5
SNAP participation, diet quality, and obesity: robust evidence with estimation techniques without external instrumental variables	5
Retirement routes and the well-being of retirees	5
On time and frequency-varying Okun’s coefficient: a new approach based on ensemble empirical mode decomposition	5
Measuring Knightian uncertainty	5
Effectiveness of monetary policy under the high and low economic uncertainty states: evidence from the major Asian economies	5
Financing constraints and exports: Evidence from manufacturing firms in India	5
Do the determinants of foreign direct investment have a reverse and symmetric impact on foreign direct divestment?	5
Complex network analysis of volatility spillovers between global financial indicators and G20 stock markets	5
Nonlinear nexus between corruption and tourism arrivals: a global analysis	5
Model-based indicators for the identification of cyclical systemic risk	5
Live large or die young: subsidized loans and firm survival in Brazil	5
Does corporate governance affect financial analysts’ stock recommendations, target prices accuracy and earnings forecast characteristics? An empirical investigation of US companies	4
The macroeconomic impact of the electricity price: lessons from Chile	4
Classification with segmentation for credit scoring and bankruptcy prediction	4
When are trend–cycle decompositions of GDP reliable?	4
Innovation, institutional ownership and financial constraints	4
Multivariate time-varying parameter modelling for stock markets	4
Measuring China's core inflation for forecasting purposes: taking persistence as weight	4
Does national income mediate the relationship between trade and government size?	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
Electoral systems and income inequality: a tale of political equality	4
The impact of commodity price volatility on fiscal balance and the role of real interest rate	4
Economic disasters and aggregate investment	4
Electricity derivatives: an application to the futures Italian market	4
Revisiting the asymmetric impacts of the exchange market pressure on the inflation, interest rate and foreign trade balance in Eastern Europe	4
A bias-corrected fixed effects estimator in the dynamic panel data model	4
The long shadow of child labour on adolescent mental health: a quantile approach	4
Aggregation, asymmetry, and common factors for Bangladesh’s exchange rate–trade balance relation	4
Distributional differences in the time horizon of executive compensation	4
Systemic risk: a network approach	4
The effect of Islamic revolution and war on income inequality in Iran	4
Willingness to pay to ensure a continuous water supply with minimum restrictions	4
The effect of migration on unionization in Austria	4
The impact of fiscal rules on government debt: evidence from the CFA zone	4
Labour market uncertainty after the irruption of COVID-19	4
Spatial stochastic frontier model with endogenous weighting matrix	4
Score-driven stochastic seasonality of the Russian rouble: an application case study for the period of 1999 to 2020	4
The noise error component in stochastic frontier analysis	4
Effects of R&D spending on productivity of the Russian firms: does technological intensity matter?	4
Indirect and direct effects of the subprime crisis on the real sector: labor market migration	4
A study of financial cycles and the macroeconomy in Taiwan	4
Who revolts? Income, political freedom and the Egyptian revolution	3
Does certainty on the winner diminish the interest in sport competitions? The case of formula one	3
The impact of fiscal consolidations on growth in sub-Saharan Africa	3
Is there a patience premium on migration?	3
Joint tests for dynamic and spatial effects in short panels with fixed effects and heteroskedasticity	3
India’s calorie consumption puzzle: insights from the stochastic cost frontier analysis of calorie purchases	3
Livestock production and income inequality in rural Vietnam	3

Financial stability and local economic development: the experience of Italian labour market areas	3
Racial demographics and cigarette tax shifting: evidence from scanner data	3
Progressivity and redistributive effects of income taxes: evidence from India	3
Lack of fiscal transparency and economic growth expectations: an empirical assessment from a large emerging economy	3
Do migrant remittances affect household spending? Focus on wedding expenditures	3
A decade of violence and empty stadiums in Egypt: when does emotion from the terraces affect behaviour on the pitch?	3
Does high debt ratio influence Chinese firms’ performance? A semiparametric stochastic frontier approach with zero inefficiency	3
Exchange rate pass-through to import prices in Europe: a panel cointegration approach	3
Modelling and forecasting risk dependence and portfolio VaR for cryptocurrencies	3
External shocks, cross-border flows and macroeconomic risks in emerging market economies	3
Student work during secondary education, educational achievement, and later employment: a dynamic approach	3
Price relationship among domestic and imported beef products in South Korea	3
Macroeconomic effects of the ECB’S forward guidance	3
Preventing NEETs during the Great Recession: the effects of mandatory activation programs for young welfare recipients	3
Oral interventions in the foreign exchange market: evidence from Australia	3
Spatial effects of nutrient pollution on drinking water production	3
Residual-based cointegration and non-cointegration tests for cointegrating polynomial regressions	3
‘Investing’ in care for old age? An examination of long-term care expenditure dynamics and its spillovers	3
Direct and network effects of idiosyncratic TFP shocks	3
International confidence spillovers and business cycles in small open economies	3
A replication note on humanitarian aid and violence	3
Revisions in the Norwegian National Accounts: accuracy, unbiasedness and efficiency in preliminary figures	3
Economic determinants of regional trade agreements revisited using machine learning	3
Explaining German outward FDI in the EU: a reassessment using Bayesian model averaging and GLM estimators	3
Vector quantile regression and optimal transport, from theory to numerics	3
The great moderation: updated evidence with joint tests for multiple structural changes in variance and persistence	3
The efficiency of COVID cases to COVID policies: a robust conditional approach	3
Measuring uncertainty: A streamlined application for the Ecuadorian economy	3
Sunk costs in the NBA: the salary cap and free agents	3
Working capital management, financial constraints and exports: evidence from European and US manufacturers	3
Do you feel the heat around the corner? The effect of weather on crime	3
Tools of the trade: trade flexibility with respect to margins and buyers	3
Nonlinear responses of consumption to wealth, income, and interest rate shocks	3
Preference estimation in centralized college admissions from reported lists	3
Do minimum wages improve self-rated health? Evidence from a natural experiment	3
Crude oil price point forecasts of the Norwegian GDP growth rate	3
Is it good to be bad or bad to be good? Assessing the aggregate impact of abnormal weather on consumer spending	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
The connectedness between Hong Kong and China real estate markets: spillover effect and information transmission	3
Optimal pricing of alpine ski passes in the case of crowdedness and reduced skiing capacity	3
“Who’ll take the chair?” Maternal employment effects of a Polish (pre)school reform	3
Green or grey stocks? Dynamic effects of carbon markets based on Chinese practices	3
Cost of CO2 emission mitigation and its decomposition: evidence from coal-fired thermal power sector in India	3
Mobile payment adoption and the decline in China’s household savings rate	2
Are the responses of output and investment to oil price shocks asymmetric?: The case of an oil-importing small open economy	2
Modelling currency demand: the case of the euro	2
Combination of economic policies: how the perfect storm wrecked the Brazilian economic growth	2
Heterogeneous Effects of Job Displacement on Earnings	2
Institutions and economic development: new measurements and evidence	2
Quantile regression version of Hodrick–Prescott filter	2
Can licensing induce productivity? Exploring the IPR effect	2
Bunching below thresholds to manipulate public procurement	2
Unitary or collective households? A nonparametric rationality and separability test using detailed data on consumption expenditures and time use	2
Globalization, long memory, and real interest rate convergence: a historical perspective	2
Assessing the impacts of pandemic and the increase in minimum down payment rate on Shanghai housing prices	2
The wage curve within and across regions: new insights from a pairwise view of US states	2
Local fiscal multipliers of different government spending categories	2
German forecasters’ narratives: How informative are German business cycle forecast reports?	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
Hedging against inflation: housing versus equity	2
Effects of incentive pay on systemic risk: evidence from CEO compensation and CoVar	2
The robustness of forecast combination in unstable environments: a Monte Carlo study of advanced algorithms	2
Bayesian nonlinear expectation for time series modelling and its application to Bitcoin	2
Using the conditional volatility channel to improve the accuracy of aggregate equity return predictions	2
Spatial panel simultaneous equations models with error components	2
Nonlinearity in the causality and systemic risk spillover between the OPEC oil and GCC equity markets: a pre- and post-financial crisis analysis	2
Semiparametric modeling of the right-censored time-series based on different censorship solution techniques	2
Economic volatility and financial deepening in Sub-Saharan Africa: evidence from panel cointegration with cross-sectional heterogeneity and endogenous structural breaks	2
Testing for the rationality of central bank interest rate forecasts	2
Housing boom and non-housing consumption: evidence from urban households in China	2
Exploring the technology–healthcare expenditure nexus: a panel error correction approach	2
Embedding effect and the consequences of advanced disclosure: evidence from the valuation of cultural goods	2
Evaluation of performance of stock and real estate investment trust markets in Japan	2
Kernel-based time-varying IV estimation: handle with care	2
Forecasting unemployment with Google Trends: age, gender and digital divide	2
Drinking is different! Examining the role of locus of control for alcohol consumption	2
Predicting recessions with a frontier measure of output gap: an application to Italian economy	2
Productive efficiency in processing social security disability claims: a look back at the 1989–95 surge	2
Forecasting GDP with many predictors in a small open economy: forecast or information pooling?	2
US partisan conflict shocks and international stock market returns	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
Changing vulnerability in Asia: contagion and spillovers	2
COVID-19, lockdowns and international trade: evidence from firm-level data	2
Does climate change affect economic data?	2
Between the Eurozone crisis and the Brexit: the decade of British outward FDI into Europe	2
Do financial markets respond to macroeconomic surprises? Evidence from the UK	2
On directors’ compensation: a multilevel analysis of Spanish listed companies	2
Global risks, the macroeconomy, and asset prices	2
Machine learning approaches to testing institutional hypotheses: the case of Acemoglu, Johnson, and Robinson (2001)	2
Innovation spillover and merger decisions	2
The impact of pandemic on dynamic volatility spillover network of international stock markets	2
Macroeconometric forecasting using a cluster of dynamic factor models	2