This paper scrutinizes the issue of economic resilience, aiming to detect the existence of a systematic link with economic specialization. To this end, the paper conducts an empirical analysis at the local (i.e., municipal) level of Greece during the economic crisis period (2009-2015), providing...

Ukraine's post-conflict economy needs new opportunities to grow because it has not been able to rebuild itself economically. As we live in an era of globalization, it is crucial that national economies - especially Ukraine's - meet the demands of the international community. With its...

The aim of this paper is to provide a systematic insight into the socio-economic aspects of the last two economic crises in Slovenia: the Economic crisis between 2009 and 2013, and the COVID-19 crisis in 2020. A three-stage territorial model was developed as a theoretical tool for this study....

This special issue of PSL Quarterly Review discusses the economic consequences of the Russian-Ukranian one year and a half after its outbreak. Firstly, Joseph Halevi re-assesses the conclusions drawn in the special issue published by Moneta e Credito in June 2022. Secondly, Araujo et al. point...

The tourism industry is very important to the economic prosperity of a country, even in a period of economic crisis. In last decade, tourism industry of Greece, which contributes significantly to the country's economy, faced many problems challenges during the economic crisis. To shed light on...

The COVID-19 pandemic has affected firms in many economies. Exploiting treatment heterogeneity, we use a difference-in-differences design to causally identify the short-run impact of COVID-19 on innovation spending in 2020 and expected innovation spending in subsequent years. Based on a...

Time series analysis is a method of key importance for systems of various hierarchies' economic security studies. This article's main goal is to develop an economic security rapid indicators system, introducing threshold values and utilizing indices with a one-month sampling period, and its...

The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...

Objective: The study aimed to identify and assess factors that build the resilience capacity of spa enterprises within the tourism sector in Poland in the wake of the economic crisis from managers' perspective. Research Design & Methods: Research method characteristic for quantitative research...

The COVID-19 pandemic has placed the European Monetary Union (EMU) in front of a new economic reality. All the health restrictions enforced at the EU level had repercussions on the real convergence of the Eurozone. In the present article, we aimed to observe how real convergence in the Euro area...

This study investigates the privatization situation in Indonesia between 1996 and 2020. This study conducts a comparative analysis to see the impact of privatization on companies' performance and, with regard to the crisis that occurred with respect to the companies that have been privatized,...

We study the economics and finance scholars' reaction to the 2008 financial crisis using machine learning language analyses methods of Latent Dirichlet Allocation and dynamic topic modelling algorithms, to analyze the texts of 14,270 NBER working papers covering the 1999-2016 period. We find...

Sectoral structures are one of the critical and dynamic components of any social system subjected to either external or internal factors. The purpose of the paper is to reveal and validate characteristic features of transformation regarding economic sectoral structures during the crisis of the...

We analyze to what extent more generous tax loss offset regulations are associated with a weaker decline and stronger recovery of firm stock prices during economic crises. We argue that an unrestricted loss carryforward and, particularly, an unrestricted loss carryback provides firms with...

Aside from various economic crises faced by different countries are different time , the countries, and sometimes the world as a whole, have faced serious pandemics such as Spanish Flu, Ebola, bubonic plague and the recent COVID 19, among others. In order to boost the economy, the government...

This study examines the merger decisions from a sample of Greek listed companies in the economic crisis period and shortly after its end, by employing various quantitative and qualitative variables of mergers that signalize different levels of risk. The results revealed that the performance...

Ukraine's post-conflict economy needs new opportunities to grow because it has not been able to rebuild itself economically. As we live in an era of globalization, it is crucial that national economies - especially Ukraine's - meet the demands of the international community. With its...

We consider the largely unexpected shock caused by the second wave of the COVID-19 pandemic in India to assess whether major crises that impact the well-being of a large number of individuals can be catalysts for civic activism. Exploiting state-level variation in COVID-19 peaks and...

This study examines the effect of macroeconomic shocks on the shipping market using time-series data by comparing the periods of the COVID-19 and traditional crises. A structural vector autoregressive model and forecast scenario were applied for the analysis. The results can be summarized as...

Geographic expansion negatively impacts bank outcomes during recessions. While increases in average bank-to-branch distance for a given bank have a small positive impact on bank performance, increases in average bank-to-branch distance across all banks negatively impact performance as a result...

Foreign portfolio flows constitute a key component of economic activity in small open economies such as Colombia. The dynamics of these flows are subject to the influence of both external (push) factors and domestic (pull) factors. Consequently, economic crises and episodes of financial distress...

This study examines foreign direct investment (FDI)-growth and trade-growth relationships in Bangladesh during three major crises: the economic crisis of 2007-2008, the commodity crisis of 2016, and the coronavirus (COVID-19) pandemic of 2020. The augmented autoregressive distributed lag (AARDL)...

Wie bereits das Jahr 2022 war auch das Jahr 2023 durch die Mehrfachkrise geprägt. Die Inflation war weiterhin hoch bei gleichzeitig geringem Wirtschaftswachstum. Trotz dynamischer Lohnentwicklung gab es weitere Reallohnrückgänge in ganz Europa. Im Euroraum und der Europäischen Union stiegen...

We examine immigrant self-employment in Sweden during 2011-2021 - a turbulent decade with a large influx of refugees into the country and the outbreak of the global COVID-19 pandemic. Four outcome variables are investigated: the probability of self-employment, the probability of entry into and...