Journal Articles

Macroeconomics and Financial Econometrics

• Financial Inclusion and Women Economic Empowerment in Ghana (with B. Zelu and S. Iranzo), 2024. Emerging Markets Review, 62, 101190.

• Identifying Technology Shocks at the Business Cycle via Spectral Variance Decompositions (with Y. Lovcha), 2021. Macroeconomic Dynamics, 25, 1966–1992.

• Are Cryptocurrencies Becoming More Interconnected? (with N. Aslanidis and A.F. Bariviera), 2021. Economics Letters, 199, 109725.

• Capital-Skill Complementarity and Biased Technical Change across US Sectors (with F. Pérez-Sebastián), 2020. Journal of Macroeconomics, 66, 103255.

• Trimmed Whittle Estimation of the SVAR vs. Filtering Low-Frequency Fluctuations: Applications to Technology Shocks (with Y. Lovcha), 2020. Studies in Nonlinear Dynamics and Econometrics, 24.

• Monetary Policy Shocks, Inflation Persistence, and Long Memory (with Y. Lovcha), 2018. Journal of Macroeconomics, 55, 117–127.

• On the Invertibility of Seasonally Adjusted Series (with L.A. Gil-Alaña and Y. Lovcha), 2018. Computational Statistics, 33, 443–465.

• The Hours Worked–Productivity Puzzle: Identification in a Fractional Integration Setting (with Y. Lovcha), 2015. Macroeconomic Dynamics, 19, 1593–1621.

• Is Exchange Rate–Customer Order Flow Relationship Linear? Evidence from the Hungarian FX Market (with Y. Lovcha), 2013. Journal of International Money and Finance, 35, 20–35.

Energy and Environment

• Modeling Persistence in Global Oil-Market SVARs: Evidence from COVID-19 and the Russia–Ukraine Conflict (with Y. Lovcha), 2026. Economic Modelling, 107776, in press.

• Spatial Patterns of Built Structures Co-determine Nations' Level of Resource Demand (with J.A. Duro, M. Löw, S. Matej, B. Plank, F. Krausmann, D. Wiedenhofer, and H. Haberl), 2024. Journal of Industrial Ecology, 28, 289–302.

• Built Structures Influence Patterns of Energy Demand and CO₂ Emissions across Countries (with H. Haberl, M. Löw, S. Matej, B. Plank, D. Wiedenhofer, F. Creutzig, K.H. Erb, and J.A. Duro), 2023. Nature Communications, 14, 3898.

• Long-Memory and Volatility Spillovers across Petroleum Futures (with Y. Lovcha), 2022. Energy, 243, 122950.

• The Determinants of CO₂ Prices in the EU Emission Trading System (with Y. Lovcha and I. Sikora), 2022. Applied Energy, 305, 117903.

• Dynamic Frequency Connectedness between Oil and Natural Gas Volatilities (with Y. Lovcha), 2020. Economic Modelling, 84, 181–189. (Reprinted in the Special Issue “Celebrating Economic Modelling as a Top 20 Journal in Economics in 2025: Its Most Cited Papers in 2020–2024.”)

• Structural Shocks and Dynamic Elasticities in a Long Memory Model of the US Gasoline Retail Market (with Y. Lovcha), 2017. Empirical Economics, 53, 405–422.

Tourism Economics

• Tourism Recovery and Territory: What Makes the Camping Sector Different? (with J.A. Duro, Y. Lovcha, A. Osorio, and A. Tomori), 2026. Current Issues in Tourism, published online.

• El turismo en España tras el COVID-19: resiliencia, recuperación y nuevas preferencias (with J.A. Duro, M. Fernández, A. Osorio, and J. Rosselló-Nadal), 2025. Papeles de Economía Española, 185, 69–88.

• Can Uncertainty Increase Investments in the Hospitality Industry? Understanding Overbuilding and Overcapacity (with J.A. Duro and A. Osorio), 2026. Tourism Economics, 32(3), 675–688.

• Renovation and Sustainability in Hospitality: The Danger of Concentration and Less Competition (with J.A. Duro and A. Osorio), 2025. Tourism and Hospitality Research, online first.

• Modeling Uncertainty in Tourism Markets (with J.A. Duro and A. Osorio), 2024. Annals of Tourism Research, 107, 103795.

• Resilience Dynamics and Their Determinants: The Transition to Coronavirus Pandemic Recovery (with J.A. Duro, M. Fernández, and J. Rosselló-Nadal), 2024. Tourism Review, 79(9), 1560–1575.

• Towards a Risk-Adjusted Tourism and Travel Competitiveness Index (with J.A. Duro, M. Fernández, and J. Rosselló-Nadal), 2024. Tourism Economics, 30(4), 947–968.

• Are Destinations Reverting to the Pre-pandemic “Normal”? (with J.A. Duro, A. Osorio, and J. Rosselló-Nadal), 2024. Tourism Economics, 30(5), 1349–1356.

• Measuring Tourism Markets Vulnerability across Destinations Using Composite Indexes (with J.A. Duro, A. Osorio, and M. Fernández), 2022. Journal of Destination Marketing & Management, 25, 100731.

• Competition for Domestic Tourism in the COVID-19 Pandemic: A Characterization Using a Contest Model (with J.A. Duro and A. Osorio), 2023. Tourism Economics, 29(2), 378–391.

• Territorial Tourism Resilience in the COVID-19 Summer (with J.A. Duro and M. Fernández), 2022. Annals of Tourism Research Empirical Insights, 3(1), 100039.

• Covid-19 and Tourism Vulnerability (with J.A. Duro, J. Turrion-Prats, and M. Fernández), 2021. Tourism Management Perspectives, 38, 100819.

Books and Book Chapters

• “Ageing and Human Capital Formation” (with F. Pérez-Sebastián). In Long-Run Economic Perspectives of an Aging Society, Ch. 4, pp. 77–92. H. Strulik, C.J. Dalgaard, F. Pérez-Sebastián, and A. Prskawetz, eds. Vienna Institute of Demography, Austrian Academy of Sciences, 2012. ISBN 978-3-7001-7302-1.

• “Immigration, the Evolution of Skills, and Social Security” (with F. Pérez-Sebastián and M. Dolores Guilló). In Long-Run Economic Perspectives of an Aging Society, Ch. 9, pp. 169–189. H. Strulik, C.J. Dalgaard, F. Pérez-Sebastián, and A. Prskawetz, eds. Vienna Institute of Demography, Austrian Academy of Sciences, 2012. ISBN 978-3-7001-7302-1.