This paper examines house price diffusion across metropolitan areas in the United States. We develop a generalization of the Hamilton and Owyang (2012) Markov-switching model, where we incorporate direct regional spillovers using a spatial weighting matrix. The Markov-switching framework allows...

The paper conducts a detailed examination of the existing evaluative frameworks for microfinance institutions to gauge the differences and similarities. Efficiency evaluates how MFIs are meeting the performance standards considering time and budget constraints. Outreach evaluates the...

During the past decade, Europe was confronted with major changes and events offering large opportunities for mobility. The EU enlargement process, the EU policies regarding youth, the economic crisis affecting national economies on different levels, political instabilities in some European...

The literature on international business cycles has employed dynamic factor models to disentangle global from group-specific and national factors in countries' macroeconomic aggregates. Therefore, the countries have simply been classified ex ante as belonging to the same region or the same level...

We propose a dynamic factor model which we use to analyze the relationship between education participation and national unemployment, as well as to forecast the number of students across the many different types of education. By clustering the factor loadings associated with the dynamic...

health disparities, health behaviors, dynamic demand, side effects, structural models, HIV/AIDSaThis paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about...

This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets—our main application—and climate change. Estimating a structural stochastic...

Purpose - The article aims at discovering classes and clusters of EU member-states considering their levels of economic development and gender equality to foster the enhancement of EU cohesion policy. Research methodology - The methodology includes the grouping by two parameters, economic...

Sequence and cluster analysis is applied to measures of body mass index for mothers and children for four waves of the Growing up in Ireland longitudinal data set. Optimal matching analysis is used to construct a dissimilarity matrix to which cluster analysis is then applied. Distinct...

The socioeconomic impacts of coastal tourism depend on local communities' participation in tourism activities and gathering both positive and negative consequences. However, an understanding of the socioeconomic impacts is essential for making proper strategic efforts for its sustainable...