During the global response to COVID-19, the analogy of fighting a war was often used. In 2022, the world faced a different war altogether, an unprovoked Russian invasion of Ukraine. Since 2020 the world has faced these unprecedented shocks. Although we realise these events' health and economic...

The pursuit of happiness. What does that mean? Perhaps a more prominent question to ask is, 'how does one know whether people have succeeded in their pursuit'? Survey data, thus far, has served us well in determining where people see themselves on their journey. However, in an everchanging...

We know that when collective emotions are prolonged, it leads not only to action (which could be negative) but also to the formation of identity, culture, or an emotional climate. Therefore, policymakers must understand how collective emotions react to macro-level shocks to mitigate potentially...

The COVID-19 pandemic is an example of an immense global failure to curb the spread of a pathogen and save lives. To indirectly protect people against a deadly virus, a population needs to achieve herd immunity, which is attained either through vaccination or prior infection. However, achieving...

It is well-established that a country's economic outcomes, including productivity, future income, and labour market performance, are profoundly influenced by the happiness of its people. Traditionally, survey data have been the primary source for determining people's happiness. However, this...

Entrepreneurship in advanced economies is in decline. This comes as a surprise: many scholars have anticipated an upsurge in entrepreneurship, and expected an "entrepreneurial economy" to replace the post-WW2 "managed" economy. Instead of the "entrepreneurial economy" what has come into being...

Industrialization is vital for inclusive and sustainable global development. The two engines of industrialization - innovation and trade - are in danger of being compromised by the COVID-19 pandemic, under conditions increasingly reminiscent of the medieval world. It comes at a time when...

Entrepreneurship, as reflected in the start-up of new firms, the growth and market exit of existing firms, and the flow of venture capital, has been severely curtailed by the lockdown and social distancing measures taken by governments around the world in the fight against COVID-19. This...

The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard representative household assumption is rejected,...