This study analyzes the financial opportunities that the new Artificial Intelligence (AI) innovation presents. We first present what is AI in finance and then our analysis is broken down into two themes. First, we display the current and projected AI revenue by sector, technology type, and...

"This book explores the importance of innovation and entrepreneurship to nations and people. Innovation is not simply a matter of making things easier, but one of shifting power; when a nation is more innovative, said nation gains strategic power. The book encompasses three sections. Section 1...

In this paper we examine more closely the factors associated with production inefficiency in China’s agriculture. The approach we take involves a two-stage process where output efficiency scores are first estimated using data envelopment analysis, and then in the second stage, variation in the...

This paper presents an econometric methodology to develop a transitory inflation measure, which reflects a consistent deviation from the mean reversion for at least four consecutive months, and shows it is distinct from white noise inflation. We then utilize this transitory inflation data to...

We constructed an ESG investors’ sentiment Index (ESG-ISX) that reflects four key components: (1) governance: gap between women and men in labor participation and pay; (2) sustainability: renewable energy production; (3) environment: global warming index; and (4) ESG google search sentiment....

We utilize a unique data from the recent wave of Survey of Consumer Finance 2019 to analyze the portfolio choice of a new and raising asset class: cryptocurrency. Namely, who owns crypto and why? We first analyze how key households’ demographic (age, gender, race, etc.) and household’s...