The purpose of this paper is to analyze the impact that the rule of law and property rights exert on the economic output of Africa. In this paper, we seek to demonstrate that economic output occurs steadily and sustainably when the rule of law and access to property rights are highly valued and...

Based on an inter-temporal general equilibrium model, we rigorously derive a measurement method using dynamic changes in cross-sectional hedonic prices to estimate the willingness to pay for urban esthetic projects. The method has advantages in common with a difference-in-differences approach....

Food security is a key issue in sustainability studies. In this paper we propose a general framework for providing detailed probabilistic socioeconomic scenarios as well as predictions across scenarios, concerning food security. Our methodology is based on the Bayesian probabilistic prediction...

This manual offers a detailed and accessible approach to Ordinary Least Squares (OLS) regression using EViews software. Aimed at students and practitioners in economics and the social sciences, it covers the fundamental concepts of OLS regression, practical implementation in EViews, as well as...

This paper defines theoretical lower bounds of uncertainty of observations of macroeconomic variables that depend on statistical moments and correlations of random values and volumes of market trades. Any econometric assessments of macroeconomic variables have greater uncertainty. We consider...

Forecasting the vote share for the upcoming US presidential elections involves multiple pivotal economic and non-economic factors. Critical macroeconomic forces such as the rate of economic growth, tax burden, inflation, and unemployment significantly influence the votes gained or lost by the...

Non-Gaussian state-space models arise in several applications, and within this framework the binary time series setting provides a relevant example. However, unlike for Gaussian state-space models — where filtering, predictive and smoothing distributions are available in closed form — binary...

The article employs a logistic regression model to predict defaults and optimize credit portfolios for enterprises receiving support, showcasing a rigorous methodological approach. It relies on empirical data to ensure the relevance of its findings and utilizes the Evidence-Based Policy Making...

This paper aims at identifying the motivating forces that gave birth to the statistical models of asset returns since the beginning of the twentieth century. The major question addressed is: Where do statistical models of asset returns come from?" This central question encompasses a number of...

The EU Water Framework Directive clearly integrates economics into water management and policy making, and economics is to have a decisive role in the development of the programme of measures and the new river basin management plans. This paper provides a brief overview of the contribution of...