Related papers: Brexit: The Belated Threat
The Brain Drain phenomenon is particularly heterogeneous and is characterized by peculiar specifications. It influences the economic fundamentals of both the country of origin and the host one in terms of human capital accumulation. Here,…
This paper investigates the relationship between geopolitical risks (GPR) and the growth rate of Bitcoin (BTC) volume. Our analysis utilizes dynamic panel data from 33 individual countries and the European economic region. Empirical results…
At face value, this essay is about understanding a fairly esoteric governance tool called compute thresholds. However, in order to grapple with whether these thresholds will achieve anything, we must first understand how they came to be. To…
We examine what happens in a population when it experiences an abrupt change in surrounding conditions. Several cases of such "abrupt transitions" for both physical and living social systems are analyzed from which it can be seen that all…
The highly detailed international trade data among all countries in the world during 1971-2000 shows that the kinds of export goods and the logarithmic GDP (gross domestic production) of a country has an S-shaped relationship. This…
Electric power-systems are one of the most important critical infrastructures. In recent years, they have been exposed to extreme stress due to the increasing demand, the introduction of distributed renewable energy sources, and the…
Political orientation polarizes the attitudes of more educated individuals on controversial issues. A highly controversial issue in Europe is immigration. We found the same polarizing pattern for opinion toward immigration in a…
This paper examines the degree of integration at euro area financial markets. To that end, we estimate overall and country-specific integration indices based on a panel vector-autoregression with factor stochastic volatility. Our results…
Dynamical systems with components whose sizes evolve according to multiplicative stochastic rules have been recently combined with entry and exit processes. We show that the assumptions usually made in modeling exits are at odds with the…
To mitigate potential contagion from future banking crises, the European Commission recently proposed a framework which would provide for the $\textit{bail-in}$ of bank creditors in the event of failure. In this study, we examine this…
The Cambridge Compromise composition of the European Parliament allocates five base seats to each Member State's citizenry, and apportions the remaining seats proportionately to population figures using the divisor method with rounding…
Monetary integration has both costs and benefits. Europeans have a strong aversion to exchange rate instability. From this perspective, the EMS has shown its limits and full monetary union involving a single currency appears to be a…
In times marked by political turbulence and uncertainty, as well as increasing divisiveness and hyperpartisanship, Governments need to use every tool at their disposal to understand and respond to the concerns of their citizens. We study…
This paper examines a government's strategic resource allocation choices when facing an opposing group whose military power is uncertain. We investigate how this uncertainty affects the government's decision to divide resources in a way…
We bring to light how some asylum seekers and refugees arriving in the UK experience border control and wider immigration systems, as well as the impact that these have on their subsequent lives in the UK. We do so through participant…
The well-known Braess paradox in congestion games states that adding an additional road to a transportation network may increase the total travel time, and consequently decrease the overall efficiency. Motivated by this, this paper presents…
We study the health consequences of redistributing political power through the 1975 extension of the Voting Rights Act, which eliminated barriers to voting for previously disenfranchised nonwhite populations. The intervention led to broad…
This research aims to provide an overview of the existing inequalities and their drivers in the member states of the European Union as well as their developements in the 2002-2008 and 2009- 2015 sub-periods. It also analyses the impact of…
We explain the anomaly of election results between large cities and rural areas in terms of urban scaling in the 1948-2016 US elections and in the 2016 EU referendum of the UK. The scaling curves are all universal and depend on a single…
This article identifies and characterises political narratives regarding Europe and broadcasted in UK press during 2016 and 2017. A new theoretical and operational framework is proposed for typifying discourse narratives propagated in the…