This paper argues that the growth of large, efficient but anticompetitive superstar firms is responsible for the recent slowdown in US economic growth. The argument is based on the growth theory that we have previously developed and tested, which is based on the concept of creative destruction

To improve the dynamic assessment of risks of speculative assets, we apply a Markov switching MGARCH approach to portfolio forecasting. More specifically, we take advantage of the flexible Markov switching copula multivariate GARCH (MS-C-MGARCH) model of Fülle and Herwartz (2021). As an...

This book brings together various contributions to the field of spatial equilibrium modelling, including overviews from different perspectives, new theoretical results and applications. Some recent developments receive ample attention, such as instruments in spatial price equilibrium models,...

This book offers a panoramic view of recent advances in spatial complexity, in order to enhance our understanding of complex spatial networks by simplicity in terms of both the basic driving forces of systemic impacts and the modelling of such systems. Simple models mapping out the evolution of...