Related papers: Non-Banking Sector development effect on Economic …
In this paper the correlation between education, research and macroeconomic strength of countries at a global scale is analyzed on the basis of statistical data published by the UNIDO and OECD. It uses sets of composite indicators…
The quest for accurate economic forecasting has traditionally been dominated by econometric models, which most of the times rely on the assumptions of linear relationships and stationarity in of the data. However, the complex and often…
Finding the factors contributing to criminal activities and their consequences is essential to improve quantitative crime research. To respond to this concern, we examine an extensive set of features from different perspectives and…
Politicians world-wide frequently promise a better life for their citizens. We find that the probability that a country will increase its {\it per capita} GDP ({\it gdp}) rank within a decade follows an exponential distribution with decay…
When groups compete for members, the resulting dynamics of human social activity may be understandable with simple mathematical models. Here, we apply techniques from dynamical systems and perturbation theory to analyze a theoretical…
Economic complexity reflects the amount of knowledge that is embedded in the productive structure of an economy. By combining tools from network science and econometrics, a robust and stable relationship between a country's productive…
Using a Taylor rule amended with official reserves movements, we derive country-specific monetary shocks and employ a local projections-estimator for tracking gender-disaggregated labor-market responses in 99 developing economies from 2009…
Based on what we know about thermodynamics of synergy, we explored the relationship between countries socio-cultural order (negentropy), estimated through their constitutions, indicators of Rule of Law and their academic development; with…
Sovereign credit ratings summarize the creditworthiness of countries. These ratings have a large influence on the economy and the yields at which governments can issue new debt. This paper investigates the use of a Multilayer Perceptron…
This study investigates the performance of machine learning models in forecasting electricity Day-Ahead Market (DAM) prices using short historical training windows, with a focus on detecting seasonal trends and price spikes. We evaluate…
Okun's law for the biggest developed countries is re-estimated using the most recent data on real GDP per capita and the rate of unemployment. Our results show that the change in unemployment rate can be predicted with a high accuracy. The…
Light, weakly-coupled dark sectors may be naturally decoupled in the early universe and enter equilibrium with the Standard Model bath during the epoch of primordial nucleosynthesis. The equilibration and eventual decoupling of dark sector…
We propose a simple framework to measure consumption insurance against income shocks that accounts for higher-order moments of the income distribution. We derive a nonlinear consumption function in which the extent of insurance varies with…
We investigate the impact of a non-gravitational interaction between dark matter and dark energy on the growth rate of matter density perturbations within the framework of a $w$CDM scenario, where the coupling is proportional to the dark…
Most models that try to explain economic growth indicate exponential growth paths. In recent years, however, a lively discussion has emerged considering the validity of this notion. In the empirical literature dealing with drivers of…
Over the years, the growing availability of extensive datasets about registered patents allowed researchers to better understand technological innovation drivers. In this work, we investigate how the technological contents of patents…
A pervasive trend in economic development is the shift from agricultural to manufacturing and finally to service economies. Because the type of employment associated with each sector influences natural resource use this global trend may…
Primordial inflation and Dark Matter (DM) could both belong to the hidden sector. It is therefore plausible that the inflaton, which drives inflation, could couple to the DM either directly or indirectly, thus providing a common origin for…
As huge complex systems consisting of geographic regions, natural resources, people and economic entities, countries follow the allometric scaling law which is ubiquitous in ecological, urban systems. We systematically investigated the…
The growth rate of cosmic structure is a powerful cosmological probe for extracting information on the gravitational interactions and dark energy. In the late time Universe, the growth rate becomes non-linear and is usually probed by…