In this article, we propose a model of innovative economy remodeling, which aims to increase economic complexity by developing and investing in the green economy. We create this model for example of a transitional economy, which is the economy of Ukraine. For a comprehensive statistical analysis...

Since the oil crises of the 1970s there has been strong interest in the question of how oil production shortfalls caused by wars and other exogenous political events in OPEC countries affect oil prices, US real GDP growth and US CPI inflation. This study focuses on the modern OPEC period since...

Using a state space formulation developed by Stock and Watson and Garratt and Hall we construct an indicator, which then is interpreted as a measure of the underlying economic activity of the Greek economy. The chief novelty of the paper is that the underlying model is calibrated, rather than...

We analyze the distribution of economic activity across space for different types of activity and different levels of aggregation. Not only is this distribution highly uneven (independently of the type of activity and level of aggregation), it is also remarkably regular regarding its size...

We use Geographic Information System tools to develop estimates of the economic impact of disaster events such as Hurricane Katrina. Our methodology relies on mapping establishments from the Census Bureau’s Business Register into damage zones defined by remote sensing information provided by...

We show that GIS based estimates of the economic impact of the 2005 hurricanes provide a more accurate characterization of affected businesses than widely reported estimates constructed from county level data. Our methodology relies on mapping business establishments into damage zones defined by...

What is the impact of government policy on economic activity in Quebec and Canada? Do taxes have a distorsive effect? Does spending stimulate activity? Is the net outcome positive, neutral or negative from a macroeconomic perspective? We address these questions here. We attempt to clarify the...

In this thesis, the aggregate production functions of an economy of at a full demand and at without a full demand are constructed based on the analysis of the relations between aggregate production, aggregate demand and capital stock. The aggregate demand function of an economy is constructed...