Today, numerous works conclude that transport seems to be completely coupled to economic and export/import growth. Therefore, as a direct consequence of economic development transport sits today as one of the major final energy consumers and one of the most important sources of carbon dioxide...

Purpose This paper aims to examine the effect of short-term performance fluctuations on long-term performance of football clubs. Design/methodology/approach This study did not develop any hypothesis for statistical testing. Instead, a database composing of 24 seasons of English Premier Club...

I examine whether or not returns on stock markets are a leading indicator for real macroeconomic developments in Austria, Japan and the USA. Further I deal with the concept of stock market efficiency, the question whether or not information from real and financial sectors of the economy is...

Many past studies documented a strong evidence of a linkage between stock prices and macroeconomic activities across different stock markets and time horizons. However, most of these studies have focused on developed economies and highlighted the impact of either domestic variables or a few...

There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...

This paper considers the short-term effects of competitiveness shocks on macroeconomic performance in the euro area. Vector autoregressive models are estimated on quarterly data from 1995 to 2013 for individual countries and the whole euro area. The results show that competitiveness shocks help...