The advancement of water sustainability and reliance highly depends on the implementation of innovative ideas. However, despite being a vital resource, the water sector still faces many challenges in innovations compared to other industries. This study investigated three different aspects of...

This working paper is written by Cho-Hoi Hui (Hong Kong Monetary Authority), Paul Luk (Hong Kong Institute for Monetary and Financial Research), Giorgio Valente (Hong Kong Institute for Monetary and Financial Research) and Gabriel Wu (Hong Kong Monetary Authority).We study the joint...

This paper develops a framework to analyse imperialistic international relations and the dynamics of international exploitation. A new measure of unequal exchange across borders is proposed which captures the territorial structure of imperialistic international relations: wealthy nations are net...

"International finance has evolved in all aspects, be it in terms of institutional framework, rules and regulations, standardized operations, innovative financial products or policy framework. International trade and business have helped economies grow and bring prosperity across nations. Hence,...

This study examines the dynamic effects of national, regional, and local labor market shocks on labor force participation rates (LFPR) in Appalachia. We use a dynamic factor model with timevarying loading parameters and stochastic volatility to explore the synchronicity and divergence between...

In spite of the growing literature on polarization, relatively little is known about the individual-level patterns underlying the decline of routine occupations and its links with informal employment. To shed light on this, we examine the flows of formal and informal workers into and out of...

We empirically characterize episodes of large inflation surges that have been observed worldwide in the last three decades. We document four facts. (1) Inflation following surges tends to be persistent, with the duration of disinflation exceeding that of the initial inflation increase. (2)...