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Nonlinear unemployment effects of the inflation tax
(
Elsevier
, 2022 , Article)
Long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. We show this using a standard monetary search model with two shocks – productivity and monetary – and frictions in both ...
On the complex relationship between different aspects of social capital and group loan repayment
(
Elsevier
, 2020 , Article)
Do all aspects of social capital improve repayment behavior in group lending programs? The group lending literature typically uses one or few measures of social capital in a linear form, and systematically understates the ...
A Model of Endogenous Financial Inclusion: Implications for Inequality and Monetary Policy
(
Wiley
, 2021 , Article)
We propose a monetary model with endogenous credit market participation to study the impact of financial inclusion on inequality and welfare. We find that consumption inequality results from differences in agents' decision ...
Harnessing cross-region disparities to assess the impact of tourism on regional growth in Europe
(
Taylor & Francis
, 2020 , Article)
We use regional data across 27 European countries and look into the effect of tourist arrivals on regional growth during 2000–2017. The research is set in an augmented Solow model estimated via a rich and flexible empirical ...
Regional Growth, Domestic and Foreign Tourism in NUTS Regions: New Insights from the Old Continent
(
SAGE
, 2020 , Article)
Using regional data encompassing 155 Nomenclature of Territorial Units for Statistics (NUTS) regions across the EU-28 member states, we estimate the effect of tourist arrivals (total, domestic, and foreign) on regional ...
The impact of technological change on new trade: Evidence from the container revolution
(
Wiley
, 2021 , Article)
We estimate the impact of the container revolution on new trade in temperature-sensitive products. Our identification strategy is justified by a historical narrative suggesting that the containerization of bilateral trading ...
The Islamic Rate of Return Versus the Nominal Rate of Interest: A Macroeconometric Model
(
Springer
, 2020 , Article)
This paper investigates the question of “will the replacement of the nominal interest rate by the expected Islamic real rate of return have positive consequences on the macroeconomic performance?” The study adopts a dynamic ...
Impact of U.S. presidential elections on stock markets’ volatility: Does incumbent president's party matter?
(
Elsevier
, 2021 , Article)
The objective of this paper is to examine the impact of U.S. presidential elections on the volatility of stock market returns. We investigate two hypotheses that could explain election impact on stock market volatility, ...
To switch or not to switch: the role of tourists’ psychological engagement in the context of Airbnb Malaysia
(
Emerald Publishing
, 2020 , Article)
Purpose
The demand for Airbnb is at a peak in Malaysia with 137% of yearly growth. As such, it is indeed important to understand what makes tourists to switch to Airbnb. However, little has been known about this issue in ...
Web 2.0 Technologies Adoption Barriers for External Contacts and Participation: A Case Study of Federal Establishment of Africa
(
Inderscience
, 2022 , Article)
Ever since the evolution of web technology in the 1990's, the web traffic got subjected to many developments. Web 1.0 and 2.0 are some of the innovations that made the world as a global village and increased the communication ...