This paper makes use of the Markov Switching model and the K-Means Cluster analysis to estimate the transition probabilities of social mobility and to analyze the impact of social inequalities on intergenerational social mobility. The dataset is a sample of 44 countries and comprises the 2018...

The restaurant industry is quite similar across borders. It is a labour-intensive industry that is important for tourism and employment. It consists mainly of many small businesses that are regionally dispersed. There are many studies that have analysed this sector. However, rather few articles...

Although campsites are an important segment of the tourist sector, few applied articles have analyzed their growth path and tested Gibrat's Law for firms within this industry. This knowledge can be of importance to the authorities when analyzing the regional impacts of growth in this sector....

The influence of market sentiments on the bankruptcy risk propensity of firms has been extensively explored in the literature. However, less attention has been paid to whether the corporate life cycle plays any role in this nexus. The purpose of this research is to unveil how the corporate...

Information and communication technology (ICT) is considered a significant factor in economic growth and development. Over the past two decades, scholars have studied the impact of ICT on economic growth, but there has been little research that has addressed the impact of ICT on human...

There is dense literature on the relationship between financial sector development (FSD) and income inequality. However, most of these studies employ a depth measure of FSD. This study argues that different components of FSD have a heterogenous impact on income inequality. This study first...

The purpose of this paper is to identify the determinants of bank profitability in 13 post-Soviet countries. Within this scope, annual data between 1996 and 2016 is analyzed by using fixed effects panel regression and the Generalized Method of Moments (GMM). It is concluded that loan amount,...

This study attempts to empirically examine the impacts of the China-Africa economic relationship on factor productivity. The two-step system Generalized method of moments (GMM) estimator is applied to analyze the impacts of the Africa-China economic relationship on factor productivity of 44...

In advanced economies, rising inequality has become a significant economic issue. Our paper examines one dimension of the impact of inequality. This study employs panel estimators that tackle heterogeneity and cross-sectional dependence to estimate the impact of income inequality on import...

While there is a consensus on the expanding importance of the China-Africa economic relationship, there is much more debate on how to portray the relationship. Thus, this study is aimed to examine the impacts of the China-Africa trade and Chinese foreign direct investment (FDI) on the growth of...