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Estimating Digital Product Trade through Corporate Revenue Data
Despite global efforts to harmonize international trade statistics, our understanding of digital trade and its implications remains limited.
Income Mobility and Mixing in North Macedonia
This study presents the inaugural analysis of income mobility in North Macedonia from 1995-2021 using the Mixing Time and Mean First Passage Time (MFPT) metrics.
The fate of the American dream: A first passage under resetting approach to income dynamics
Detailed knowledge of individual income dynamics is crucial for investigating the existence of the American dream: Are we able to improve our income status during our working life?
The Role of Immigrants, Emigrants, and Locals in the Historical Formation of European Knowledge Agglomerations
grows with both, the presence of immigrants with knowledge on that activity and immigrants with knowledge in related activities.
Multidimensional Economic Complexity and Inclusive Green Growth
To achieve inclusive green growth, countries need to consider a multiplicity of economic, social, and environmental factors.
Measures of physical mixing evaluate the economic mobility of the typical individual
Hence, measuring mobility using standard measures in a non-mixing system may lead to misleading conclusions about the extent of mobility across the whole distribution.
Income inequality and mobility in geometric Brownian motion with stochastic resetting: theoretical results and empirical evidence of non-ergodicity
We explore the role of non-ergodicity in the relationship between income inequality, the extent of concentration in the income distribution, and mobility, the feasibility of an individual to change their position in the income distribution.
Determinants of budget deficits: Focus on the effects from the COVID-19 crisis
This paper revisits the discussion on determinants of budget balances and investigates the change in their effect in light of the COVID-19 crisis by utilizing data on 43 countries and a system generalized method of moments approach.
Geometric Brownian Motion under Stochastic Resetting: A Stationary yet Non-ergodic Process
We study the effects of stochastic resetting on geometric Brownian motion (GBM), a canonical stochastic multiplicative process for non-stationary and non-ergodic dynamics.
The impact of state capacity on the cross-country variations in COVID-19 vaccination rates
A predominant thesis in the ongoing debate on the drivers of this observed heterogeneity is that a key determinant of the swift and extensive vaccine rollout is state capacity.
The short-run impact of COVID-19 on the activity in the insurance industry in the Republic of North Macedonia
This paper investigates the impact of the COVID-19 pandemic on the insurance industry in the Republic of North Macedonia during the first half of 2020.
Generalised geometric Brownian motion: Theory and applications to option pricing
Classical option pricing schemes assume that the value of a financial asset follows a geometric Brownian motion (GBM).
Option Pricing with Heavy-Tailed Distributions of Logarithmic Returns
A growing body of literature suggests that heavy tailed distributions represent an adequate model for the observations of log returns of stocks.
Sparse Three-parameter Restricted Indian Buffet Process for Understanding International Trade
This paper presents a Bayesian nonparametric latent feature model specially suitable for exploratory analysis of high-dimensional count data.
