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Economies, Volume 12, Issue 3

2024 March - 24 articles

Cover Story: This paper addresses the role of the U.S. dollar in fostering global economic growth during the post-war period. In this study, we explore the dynamic long-run and short-run relationships between cross-border U.S. dollar claims, global GDP, and global trade while gauging the impact of the Global Financial Crisis (GFC) and the COVID-19 pandemic. In doing so, we use ARDL methodology for a data set that spans the period of 1980 to 2022. The estimation results reveal a robust long-run relationship between U.S. dollar claims, global GDP, and global trade and no clear evidence of asymmetric effects. Our findings are of great significance for monetary authorities. View this paper
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Articles (24)

  • Article
  • Open Access
6,705 Views
22 Pages

The aim of this study is to explore the multidimensional relationships among factors influencing decision-making processes regarding women’s willingness to marry and childbirth in South Korea with recognizing the context of family development i...

  • Article
  • Open Access
4 Citations
3,543 Views
29 Pages

Interest rate dynamics are influenced by various economic factors, and central bank meetings play a crucial role concerning this subject matter. This study introduces a novel approach to modeling interest rates, focusing on the impact of central bank...

  • Article
  • Open Access
3 Citations
4,935 Views
16 Pages

In this study, we explored the impact of bank leverage and financial frictions on the transmission of real and financial shocks. Two new Keynesian dynamic stochastic general equilibrium (DSGE) models, with and without financial frictions, were employ...

  • Article
  • Open Access
6 Citations
3,405 Views
12 Pages

Southern African Customs Union (SACU) countries are under pressure to commit themselves to sustainable environmental activities. This study employed data from 2007 to 2021 using quantile regression to determine the heterogenous effects of industriali...

  • Article
  • Open Access
13 Citations
9,963 Views
26 Pages

Economic integration, which in today’s global trade is the fundamental component of linking economic ties between countries, is another important factor in the acceleration of economic growth. The provision of trade logistics services is essent...

  • Article
  • Open Access
2 Citations
4,300 Views
14 Pages

This paper addresses the role of the U.S. dollar in fostering global economic growth during the post-war period. The existing literature lacks a comprehensive understanding of the true implications of the U.S. dollar’s status as a reserve curre...

  • Article
  • Open Access
1 Citations
2,721 Views
13 Pages

In recent years, the issue of income inequality has ascended to the forefront of national and international agendas, underscored by the urgency to navigate the complexities of market-driven economies without exacerbating social disparities. These cha...

  • Article
  • Open Access
2 Citations
3,105 Views
13 Pages

This study analyzes the impact of Chinese shipment volumes measured in TEUs on US stock performance in the initial stages of the COVID-19 outbreak. The analysis indicates that, initially, US stocks were negatively affected irrespective of firms&rsquo...

  • Article
  • Open Access
19 Citations
9,361 Views
18 Pages

Bank-Specific and Macroeconomic Determinants of Profitability of Islamic Shariah-Based Banks: Evidence from New Economic Horizon Using Panel Data

  • Md. Abu Issa Gazi,
  • Rejaul Karim,
  • Abdul Rahman bin S Senathirajah,
  • A. K. M Mahfuj Ullah,
  • Kaniz Habiba Afrin and
  • Md. Nahiduzzaman

The purpose of this study is to analyze significant variables that permit us to ascertain the profitability of Bangladeshi Shariah-based banks. In doing so, two profitability measurements, namely, return on asset (ROA) and return on equity (ROE), hav...

  • Article
  • Open Access
7 Citations
2,662 Views
15 Pages

In a European context in which the objectives of climate neutrality and digitalization appear fundamental, the work analyzes the relationships between the price of the main stock market indices and the most representative variables such as carbon emi...

  • Article
  • Open Access
31 Citations
12,928 Views
17 Pages

Digital Progression and Economic Growth: Analyzing the Impact of ICT Advancements on the GDP of European Union Countries

  • Anastasios I. Magoutas,
  • Maria Chaideftou,
  • Dimitra Skandali and
  • Panos T. Chountalas

This research thoroughly examines the dynamic relationship between the European Union’s economic growth and rapid advancements in Information and Communication Technology (ICT). Specifically, it assesses how certain ICT indicators are associate...

  • Article
  • Open Access
3 Citations
5,901 Views
15 Pages

Investor Behavior in Gold, US Dollars and Cryptocurrency during Global Pandemics

  • Yoochan Kim,
  • Erkan Topal,
  • Apurna Kumar Ghosh and
  • Mohammad Waqar Ali Asad

COVID-19 and SARS are epidemics which have influenced the largest global economic crisis in recent years. This research reveals that both SARS and COVID-19 have led to fluctuations in the prices of gold and the US dollar index; however, there is no d...

  • Article
  • Open Access
6 Citations
7,155 Views
25 Pages

Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence

  • Álvaro Hernández Sánchez,
  • Beatriz María Sastre-Hernández,
  • Javier Jorge-Vazquez and
  • Sergio Luis Náñez Alonso

This article highlights the complexity of taxation surrounding cryptocurrency transactions due to the lack of uniform regulation, creating uncertainty for both taxpayers and tax authorities. After determining the tax obligations of individuals in tax...

  • Article
  • Open Access
8 Citations
3,824 Views
22 Pages

Approaches to a New Regional Energy Security Model in the Perspective of the European Transition to Green Energy

  • Otilia Rica Man,
  • Riana Iren Radu,
  • Iuliana Oana Mihai,
  • Cristina Maria Enache,
  • Sofia David,
  • Florentina Moisescu,
  • Mihaela Cristina Onica Ibinceanu and
  • Monica Laura Zlati

The EU energy sector became a very important one as a result of the war in Ukraine. On the other hand, the EU started in defining and implementing new strategies regarding green economy and sustainability. Even though these strategies cover short and...

  • Article
  • Open Access
4 Citations
3,707 Views
18 Pages

Hydropower & HDI Nexus in Nordic Countries Using VAR Techniques

  • Abdelmoneim B. M. Metwally,
  • Shahd M. Nabil and
  • Mai M. Yasser

Although the movement of people from rural to urban areas has caused the increased use of energy, the abundance of water resources can be made into a form of renewable energy known as hydroelectricity. As European countries are ranked as the first us...

  • Article
  • Open Access
12 Citations
4,037 Views
32 Pages

29 February 2024

In order to explore the causal relationship between the level of urban digital construction and urban economic growth, this paper takes 280 cities in China as the research object and constructs a comprehensive indicator evaluation system covering dig...

  • Article
  • Open Access
2 Citations
2,806 Views
33 Pages

Are There Conditions That Can Predict When an M&A Works? The Case of Italian Listed Banks

  • Roberta Arbolino,
  • Raffaele Boffardi,
  • Konstantinos Kounetas,
  • Ugo Marani and
  • Oreste Napolitano

26 February 2024

This paper investigates the impact in the short/medium term of M&As made by 14 Italian banks quoted on the stock exchange for the period 1999–2016. After dividing the banks into two groups by size and degree of internationalisation, we soug...

  • Article
  • Open Access
1 Citations
3,394 Views
12 Pages

25 February 2024

This study provides insights into food inflation by investigating the dynamic interconnectedness of the prices of olive oil, soybean oil, sunflower oil, and palm oil. Using data from January 1990 to October 2023, averaged dynamic and extended joint c...

  • Article
  • Open Access
1 Citations
3,578 Views
16 Pages

25 February 2024

Strategic asset seeking foreign direct investment has undergone tremendous growth over the past decade. This paper first attempts to evaluate the location choice of such investments in Europe. We find that Chinese companies target strategic assets in...

  • Article
  • Open Access
2 Citations
4,248 Views
26 Pages

Pathways to Prosperity: Navigating Post-Stagnation Growth and Revitalizing Business

  • Vladislav Spitsin,
  • Darko B. Vuković,
  • Marina Ryzhkova and
  • Victoria Leonova

24 February 2024

This study examines the ways in which firms recover from stagnation or sales decline, with a focus on two key aspects: traditional high-growth companies and growth restarts within the framework of organizational life cycle theory. Analyzing a dataset...

  • Article
  • Open Access
30 Citations
6,944 Views
18 Pages

22 February 2024

This study delves into the dynamic interplay between green finance, Fintech adoption, digital awareness, and digital transformation in the Croatian banking industry. Amidst the emerging trend of sustainable banking practices and technological advance...

  • Review
  • Open Access
13 Citations
8,542 Views
28 Pages

21 February 2024

This study aims to investigate economic development in the digital economy and uncover trends and insights that might contribute to future research. Furthermore, the study, examining English-language publications from 2000 to 2023 in the Web of Scien...

  • Article
  • Open Access
4 Citations
4,177 Views
15 Pages

21 February 2024

Floods destroy crop production; nevertheless, the extent of their impact on farmers’ livelihoods in developing countries has been poorly investigated. This paper contributes to the growing evidence-based assessment of the impacts of shocks on c...

  • Article
  • Open Access
2 Citations
4,086 Views
26 Pages

European Funding for Sustainable Transport Systems—Influencing Factor of Regional Economic Development in Romania

  • Ana Maria Bocaneala,
  • Daniel Sorin Manole,
  • Elvira Alexandra Gherasim,
  • Bianca Motorga and
  • Livia Cristina Iliescu

20 February 2024

Sustainable development is a core concept in regional development. Sustainability is characterized by supporting the building of resilient infrastructure and promoting the sustainable industry. In this context, sustainable transport is particularly i...

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Economies - ISSN 2227-7099