While real incomes declined and the global art market stagnated, the digital art market was booming in recent years. This was partially due to its connection with non-fungible tokens, which allow any unique goods to be mapped in a digital environment for the first time. Therefore, digital arts...

This study investigates the impact of Twitter sentiment on the Non-Fungible Token (NFT) market. Using a dataset of over 5 million English-language tweets on NFTs, we calculate a daily sentiment index and link it to NFT sales and trading volume. Applying wavelet analysis and DCC-GJR-GARCH models,...

Cultural factors and especially common languages are well-known determinants of trade. By contrast, the knowledge of foreign languages was not explored in the literature so far. We combine traditional gravity models with data on fluency in the main languages used in EU and candidate countries....