Related papers: Business cycle synchronization within the European…
Inside the EU, the commercial integration of the CEE countries has gained remarkable momentum before the crisis appearance, but it has slightly slowed down afterwards. Consequently, the interest in identifying the factors supporting the…
The European Union and Eurozone present an inquisitive case of strongly interconnected network with high degree of dependence among nodes. This research focused on investment network of European Union and its major trading partners for…
Synchronization is the process of achieving identical dynamics among coupled identical units. If the units are different from each other, their dynamics cannot become identical; yet, after transients, there may emerge a functional…
Humans can synchronize with musical events whilst coordinating their movements with others. Interpersonal entrainment phenomena, such as dance, involve multiple body parts and movement directions. Along with being multidimensional, dance…
This paper investigates the time-varying impacts of international macroeconomic uncertainty shocks. We use a global vector autoregressive specification with drifting coefficients and factor stochastic volatility in the errors to model six…
EU needs an effective exit strategy from the crisis, with a special attention to SMEs that represent the 99% of the enterprises active in the European production system. To this end, innovation appears to be a key factor to relaunch the EU…
The issue of synchronization in the power grid is receiving renewed attention, as new energy sources with different dynamics enter the picture. Global metrics have been proposed to evaluate performance and analyzed under highly simplified…
Synchronization is a ubiquitous phenomenon occurring in social, biological, and technological systems when the internal rhythms of their constituents are adapted to be in unison as a result of their coupling. This natural tendency towards…
Globalization processes interweave economic structures at a worldwide scale, trade playing a central role as one of the elemental channels of interaction among countries. Despite the significance of such phenomena, measuring economic…
The major study by Bordo and Helbing (2003) analyses the business cycle in Western economies 1881-2001. They examine four distinct periods in economic history, and conclude that there is a secular trend towards greater synchronisation for…
Can trade integration induce product innovation? I document that countries that joined the European Union (EU) started producing more product varieties, investing more in R&D, and trading more compared to candidate countries that did not…
Synchronization is a ubiquitous phenomenon in nature and we propose its new perspective in ultrafast dynamics in interacting electron systems. In particular, using graphene irradiated by an intense bi-circular pulse laser as a prototypical…
The phenomenon of phase synchronization was evidenced in the 17th century by Huygens while observing two pendulums of clocks leaning against the same wall. This phenomenon has more recently appeared as a widespread phenomenon in nature, and…
Commodity futures constitute an attractive asset class for portfolio managers. Propelled by their low correlation with other assets, commodities begin gaining popularity among investors, as they allow to capture diversification benefits.…
Social media are transforming global communication and coordination. The data derived from social media can reveal patterns of human behavior at all levels and scales of society. Using geolocated Twitter data, we have quantified collective…
This paper examines the evolution of business and consumer uncertainty amid the coronavirus pandemic in 32 European countries and the European Union (EU).Since uncertainty is not directly observable, we approximate it using the geometric…
Global value chains (GVCs) are formed through value-added trade, and some regions promote economic integration by concluding regional trade agreements to promote these chains. However, there is no way to quantitatively assess the scope and…
In this paper, the synchronization in a hyper-network of coupled dynamical systems is investigated for the first time. An evolving hyper-network model is proposed for better describing some complex systems. A concept of joint degree is…
The assessment of corporate sustainability performance is extremely relevant in facilitating the transition to a green and low-carbon intensity economy. However, companies located in different areas may be subject to different…
How a cloud ensemble responds to external forcing is a puzzle in tropical convection research. Convectively coupled gravity waves (CCGWs) in a finite domain have controllable wavelengths, providing a convenient simulation setup for studying…