TY  - JOUR
U1  - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed)
A1  - Herzog, Bodo
T1  - Do post-corona European economic policies lift growth prospects? Exploring an ML-methodology
JF  - Journal of risk and financial management : JRFM
N2  - This article explores the determinants of people’s growth prospects in survey data as well as the impact of the European recovery fund to future growth. The focus is on the aftermath of the Corona pandemic, which is a natural limit to the sample size. We use Eurobarometer survey data and macroeconomic variables, such as GDP, unemployment, public deficit, inflation, bond yields, and fiscal spending data. We estimate a variety of panel regression models and develop a new simulation-regression methodology due to limitation of the sample size. We find the major determinant of people’s growth prospect is domestic GDP per capita, while European fiscal aid does not significantly matter. In addition, we exhibit with the simulation-regression method novel scientific insights, significant outcomes, and a policy conclusion alike.
KW  - European Union
KW  - growth theory
KW  - simulation-regression
KW  - AI
KW  - data science
KW  - Julia programming
Y1  - 2022
UN  - https://nbn-resolving.org/urn:nbn:de:bsz:rt2-opus4-36348
SN  - 1911-8066
SS  - 1911-8066
U6  - https://doi.org/10.3390/jrfm15030120
DO  - https://doi.org/10.3390/jrfm15030120
VL  - 15
IS  - 3
SP  - 13
S1  - 13
PB  - MDPI
CY  - Basel
ER  -