We assess the cost of different types of terrorist attacks on the growth of output and of its components. Private Consumption and Investment are significantly and negatively affected by all terror indicators, and the largest impact is respectively associated with the number of victims or the...

How does a surprise movement in stock market volatility affect our forecasts of future output across countries? This paper studies the time series and cross-sectional responses of output to variation in stock market volatility across 27 countries over 40 years, controlling for a number of...

Many structural changes have occurred in the European Union countries, for example, there have been changes in sectoral employment share, in the demand of goods due to technology, in trade patterns and in technology. These structural changes may affect the process of convergence. Most of the...

This paper empirically tests the hypothesis that landed elites may block technological change and economic development if they fear that they will lose future political power (Acemoglu and Robinson (2002, 2006, and 2012). It exploits a plausible exogenous change in the distribution of political...

This research examines the relation between the levels of national identity of Ukrainians in different regions of the country and the current state of their economic activity. The study explores whether the changes in economic activity of Ukrainian population are related to the changes in the...

Many structural changes have occurred in the European Union countries, for example, there have been changes in sectoral employment share, in the demand of goods due to technology, in trade patterns and in technology. These structural changes may affect the process of convergence. Most of the...

This research examines the relation between the levels of national identity of Ukrainians in different regions of the country and the current state of their economic activity. The study explores whether the changes in economic activity of Ukrainian population are related to the changes in the...

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

Polycentrism is a common feature of European urban systems. Lately, the concept has assumed a more normative relevance and it has been often considered as a pre?requisite for a more sustainable and balanced development across Europe. However, the effects of polycentrism on other main European...