This study intends to understand how disaster is related to countries' production efficiency using a sample of 137 countries over 1980 - 2011. We analyze the effect of the number of man-made and natural disaster occurrences on countries' technological change (swift of the frontier) and...

Purpose The purpose of this paper is to use tenets of the complexity theory in order to study the effect of various determinants of firm's performance, such as CEO's compensation and age, for the case of 72 insurance companies. Design/methodology/approach The authors identify the asymmetries in...

Using SIPRI's new consistent database on military expenditures, the paper examines the economic effects of such spending in the case of the 13 Latin American countries. Employing both linear and nonlinear tests, the nexus between defence spending, economic growth, and investment is investigated...

This study investigates whether any non-linear relationship exists between central bank transparency and stock market variability in a non-parametric framework for a large number of countries. Our findings imply that a high level of transparency can significantly reduce historical as well as...

The allocation of resources to defence and national security is influenced by several factors, both domestic and external. Empirical findings suggest that military spending is determined by economic, strategic, political, and security factors. Studies that estimate demand functions for such...

This paper uses a dynamic panel data for 23 OECD and 50 non-OECD countries for the time period 1960-1990 in order to estimate the relationship between economic development (in the form of GDP) and environmental pollution (in the form of sulphur emissions)

This paper by using Long-range Energy Alternatives Planning System (LEAP) constructs four different renewable energy scenarios for the Greek transport, energy, and industry sectors. By projecting the demand for renewable energy and the associated resulting carbon dioxide emissions up to the...

Over the past several decades, significant efforts have been made to regulate the use of resource and pollution in most industrialized countries, and the stringency of pollution regulations has continued to increase globally. At the same time, physical and social infrastructures are influenced...

The current study is divided into two parts. Part I deals with the indices of resource and impact decoupling for 13 countries of the EU, for a period spanning from 1990 to 2011. Employing the major pressures, of GHG emissions, mineral resource extraction and land use, the different cases of...