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        <rdf:li rdf:resource="https://hdl.handle.net/10419/340006" />
        <rdf:li rdf:resource="https://hdl.handle.net/10419/328265" />
        <rdf:li rdf:resource="https://hdl.handle.net/10419/285354" />
        <rdf:li rdf:resource="https://hdl.handle.net/10419/283619" />
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    <dc:date>2026-04-30T02:42:10Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/340006">
    <title>The role of regional economic diversity in shaping economic resilience: Evidence from EU regions</title>
    <link>https://hdl.handle.net/10419/340006</link>
    <description>Title: The role of regional economic diversity in shaping economic resilience: Evidence from EU regions
Authors: Giendl, Clara; Schwarzbauer, Wolfgang
Abstract: This paper examines how regional economic diversity shapes economic resilience across European regions during major crises. Using sectoral diversity indicators at the NUTS-2 level, we analyze the impact of diversity on three dimensions of resilience: the depth of economic downturns, the strength of the initial recovery, and the duration of recovery, focusing on the 2008 financial crisis and the COVID-19 pandemic. Our results show that higher economic diversity consistently mitigates the severity of economic shocks, reducing the immediate decline in regional economic activity in both crises. However, this stabilizing effect comes with a trade-off: More diversified regions tend to exhibit weaker short-term recovery dynamics and longer recovery periods. In contrast, regions characterized by higher innovation intensity and productivity-driven specialization recover more quickly. These findings highlight the importance of balancing structural diversity and innovation. While diversity enhances shock absorption, innovation and specialization appear crucial for accelerating recovery. The paper contributes to the literature on regional resilience by providing EU-wide evidence across multiple crises and offers policy-relevant insights on how structural economic characteristics shape regional responses to shocks.</description>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/328265">
    <title>Economic impacts of subsea cable deployment</title>
    <link>https://hdl.handle.net/10419/328265</link>
    <description>Title: Economic impacts of subsea cable deployment
Authors: Briglauer, Wolfgang; Katz, Raúl L.; Jung, Juan
Abstract: This paper provides a comprehensive empirical analysis of the economic impact of submarine cable (SMC) infrastructure, which is critical for global digital connectivity and carries almost all intercontinental data traffic. Despite their fundamental role in the digital economy, robust evidence on the economic returns of SMC investments is very scarce. To address this, we use a panel dataset of developed countries and causal identification strategies, such as two-way fixed effects models and instrumental variables exploiting exogenous variation from factors like a country's coastline length and legacy market competition. First, our analysis establishes that increased international bandwidth (IBW) capacity resulting from submarine cable deployment significantly improves broadband quality by increasing speeds and reducing latency. We then quantify the impact on broadband demand, finding distinct yet robust demand elasticities for mobile and fixed services. We find that a 1% increase in IBW capacity drives mobile broadband demand up between 0.044% and 0.088%, while the increase for fixed broadband demand is slightly lower at between 0.041% and 0.062%. Finally, we translate these estimates into a simple cost-benefit framework using an illustrative transatlantic cable project connecting Ireland and the United States. This analysis shows that the substantial GDP spillovers - quantified at between US$121.05 billion and US$163.09 billion for the Irish landing site alone - overwhelmingly exceed the total private deployment costs of $180-$260 million. Our findings affirm that SMC deployments generate significant positive externalities and high social returns. While it has been argued that these effects are critical to developing nations lacking infrastructure, our findings indicate this to also be applicable to advanced economies. Consequently, we argue that policymakers in coastal nations have a strong economic incentive to facilitate private investment by reducing regulatory barriers and transaction costs associated with, for example, cable permits and landing stations.</description>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/285354">
    <title>Does redistribution hurt growth? An empirical assessment of the redistribution-growth relationship in the European Union</title>
    <link>https://hdl.handle.net/10419/285354</link>
    <description>Title: Does redistribution hurt growth? An empirical assessment of the redistribution-growth relationship in the European Union
Authors: Köppl-Turyna, Monika; Christl, Michael; De Poli, Silvia
Abstract: This paper analyzes the relationship between economic growth, inequality and redistribution. In a cross-country setting for 25 EU countries over the period 2007-2019, we show that market income inequality is associated with higher growth in the short run. To estimate the impact of redistribution to low-income earners, we introduce a new measure, the so-called net benefit share (NBS). Contrary to other findings, we show that this (targeted) redistribution to low income earners (Q1 NBS) boosts growth in the short run, driven by the consumption and private investment channels. On the other hand, untargeted redistribution to higher income earners reduces growth.</description>
    <dc:date>2024-01-01T00:00:00Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/283619">
    <title>Unexpected waiting corrupts</title>
    <link>https://hdl.handle.net/10419/283619</link>
    <description>Title: Unexpected waiting corrupts
Authors: Dezsîo, Linda; Hajdu, Gergely; Tobol, Yossef
Abstract: The experience of waiting is ubiquitous in all areas of life, and sometimes a waiting experi ence is followed by decisions where morality matters. We present the results of a lab-in-the-field study to analyze the effects of (un)expected waiting duration on moral behavior. Passengers who had just joined the check-in line at the Ben Gurion Airport guessed how long they would have to wait to check in. After checking in, they then completed the die-under-the-cup task, wherein they could lie without being caught to improve their financial outcomes. Specifically, passengers rolled a die privately and reported any number of dots, knowing that their earn ings increase linearly in the number reported. We found that both the wait duration and its unexpectedness adversely shape morality. For comparison, an expected 100-minute wait and an unexpected 25-minute wait resulted in the same average increase of one dot in the reported number. We propose that after a wait (especially if unexpected), people seek compensation. As we fail to find selections on observables, we argue that the setup provides variations that are comparable to random assignments, giving support to the effects estimated. These results underscore that managing expectations about waiting duration could play an important role in mitigating subsequent immoral behavior.</description>
    <dc:date>2024-01-01T00:00:00Z</dc:date>
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