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The COVID-19 crisis has led to widespread temporary school closures and a deep economic recession. School closures have threatened children's ability to learn and later return to school well prepared. The impact of the economic recession is going to be even more devastating: first for students, but also for the ability of some Catholic schools to maintain their enrollment and remain sustainable financially in countries where they do not benefit from government support. This paper, the first in a set of two, looks at some of the likely impacts of the COVID-19 crisis on Catholic Schools in developed countries with a particular focus on the United States, a country not only hard hit by the crisis but also where Catholic schools are especially vulnerable to downturns. While Catholic schools may be able to respond to the immediate challenge of school closures among others through distance learning options, their ability to maintain enrollment during the economic downturn is less clear. How schools will respond to the twin challenges of ensuring learning during school closures and beyond, and remaining affordable for families at a time of economic stress, may affect whether they are able to maintain their comparative advantage. A key aim of the paper is to make Catholic school teachers and leaders aware of some of the discussions on how to respond to the crisis, and provide links to online resources that may be useful. [For Part II of the series, see EJ1278501.]

In the policy period following the Lisbon Strategy of 2000, European governments increasingly regard universities, and the research they produce, as key to enhancing economic performance. With this heightened respect for the value of university-based research, comes an impatience to see returns on the public investments made. We analyze how policy is being used to influence the academic research process through the evaluations and funding allocation that accompany public funding. This paper features examples from the European Union and recent policy developments in two nation states to investigate how policy seeks to enhance the non-academic impacts of academic research.

The article discusses an East/West divide in Europe in university knowledge production. It argues that the communist and post-communist legacies in the four major Central European economies studied (Poland, Hungary, the Czech Republic and the Slovak Republic) matter substantially for educational and research systems. The differences in university knowledge production may be bigger than expected, and the role of historical legacies may be more long term than generally assumed in both social sciences and public policy studies on the region. The gradual convergence of both higher education and research systems in two parts of Europe cannot be taken for granted without thoughtful changes in both university funding (both modes and levels) and governance. The article discusses links between knowledge production, economic competitiveness and regulatory and other environments in which both universities and knowledge-intensive companies operate. The role of factors other than higher education and innovation systems is substantially more important for competitiveness and growth in Central Europe than in affluent Western economies. The international visibility of universities as knowledge production centres is low and the analysis of the geography of knowledge production at the level of regions may indicate that Central Europe is in danger of being effectively cut off from the emergent European Research Area. (Contains 4 tables and 5 notes.)

This paper presents a comparative examination of four local learning centres that provide learning opportunities throughout life in Bulgaria, Cyprus, Greece and Turkey. The paper aims to assess some of the strengths and weaknesses of different types of local learning centres and partnerships in South-Eastern Europe--in line with the value and impact of the Lisbon strategy for developing multipurpose local learning centres for "brining learning closer to home"--in order to draw some conclusions on how to promote greater collaboration and a culture of co-operation, in an area where a lifelong learning culture is still underdeveloped, compared with that in other parts of the European Union. (Contains 1 figure and 55 notes.)

Maintains that discriminations against children have increased recently, despite Convention on the Rights of the Child. Examines present condition of childhood in different countries of the ex-Communist bloc and Western world, particularly the levels of well-being and poverty. Attempts to understand the events that have marked reforms of the last decades in light of liberal ideology and theory. (Author/SD)

Considers the effects of educational technology on eastern European countries. Highlights include the relationships among organizations, technology, human resources, and social environment; technological education and society; information systems and the evolution of political, economic, and cultural structures; and the use of free time and the quality of life. (LRW)

The article reports on efforts of scholars (including historians, political scientists, economists, and sociologists) to study the economic and political transformation taking place in Eastern Europe. Noted are analogies with Latin American development, difficulties of privatization, and contradictions between democracy and economic reform. (DB)

This article discusses the findings of a new qualitative study conducted in 28 European countries, examining barriers to cultural participation as perceived by representatives of organisations of people with disabilities. The study explores barriers operating in all art-forms as well as in cultural heritage, and it encompasses participation of people with a broad range of disability types both as audiences and as creators of culture. The article evidences that a range of interlinked barriers are commonly perceived by people with disabilities in five areas – lack of effective laws and policies; inadequate services and/or funding; negative attitudes; lack of accessibility; and lack of involvement of persons with disabilities in cultural organisations. The article argues for more systematic approaches to enforcement of laws and policies, for greater knowledge about disability to be embedded within cultural organisations and policymaking, and for employment of people with disabilities at all levels within cultural sectors. Points of interest: This article presents research on participation by people with disabilities in cultural life (such as theatre, cinema, libraries, etc.) from 28 European countries. This research sought the views of people representing organisations of people with disabilities, of Deaf people and of organisations working on arts and disability. It found that several barriers to participation (as audiences and artists) exist in all countries considered and across all disability types. It identifies and categorises barriers operating in five areas – lack of effective laws and policies; inadequate services and/or funding; negative attitudes; lack of accessibility; and lack of involvement of persons with disabilities in cultural organisations. The research highlights the need for existing laws to be fully applied and enforced, and for good practice, where it exists, to be made more widely known. It also shows that cultural organisations and policy-makers need to acquire greater knowledge about disability. [ABSTRACT FROM AUTHOR]

This article replicates and extends previous results indicating that system justification, in a pool of non‐American samples, decreases at the extremes of the political continuum. Data came from 29 European countries enrolled in nine rounds of the European Social Survey from 2002 to 2018. Results indicated that right‐wingers were more likely to support the existing social system than left‐wingers. However, a significant and negative quadratic effect emerged indicating that system justification decreased among extremists in both left and right‐leaning poles. Findings also revealed that the level of national populist voting moderated the relationship between political orientation and system justification so that the difference between extreme leftists and extreme rightists was further reduced when national populist voting was higher. Results seem to confirm that extremists can be critical of the existing social system and that this trend is affected by the level of the rise in populism in those countries. Please refer to the Supplementary Material section to find this article's Community and Social Impact Statement. [ABSTRACT FROM AUTHOR]

Ageing has become a ubiquitous concern in European policy. Critics have bemoaned that such policies are not so much about older people but rather about finding justification for other policy aims, such as economic growth or technological innovation. However, such critiques do not capture the co-constitutive relationship between ageing and innovation shaping one another. Using the example of the Silver Economy discourse, we show that ageing has not only been reframed under the imperatives of economic and innovation policies, but that ageing itself can also affect those policies. In its formative stages, the Silver Economy was characterised by a number of tensions between, on the one hand, common ageist assumptions about old age and, on the other hand, alternative visions of what ageing could mean as a policy field. However, these potentials have later been domesticated within the broader field of Active and Healthy Ageing. In this Forum Article, we therefore hypothesise what it would mean to take ageing more seriously as a driver of progressive politics as indicated in those formative years of the Silver Economy. Such a speculative take on current old-age policy, we hold, opens up a number of fruitful avenues and new interfaces between critical researchers, practitioners and policy makers interested in driving progressive politics. [ABSTRACT FROM AUTHOR]

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Purpose: This study investigates the impact of economic policy uncertainty (EPU) on corporate sustainability [environmental, social and governance (ESG)] performance and aims to explore whether uncertainty-induced sustainability performance is influenced by the firm's life cycle (LC). Design/methodology/approach: The study uses data from European non-financial firms listed during the period from 2002 to 2022 to extend the nascent literature regarding EPU and sustainability performance while applying a dynamic panel data regression analysis (Generalized Method of Moments - GMM System) on 11,462 firm-year observations of 1,869 European firms. Findings: The authors find overwhelming evidence that policy uncertainty affects the sustainability performance of European firms. The firms restrict their environmental and governance-related activities and address immediate issues to survive during periods of high EPU. Conversely, the firms increase their social engagements to decrease uncertainty-induced information asymmetry. The authors' results show that the intensity and type of sustainability performance are also influenced by the firm's LC. The results imply that board gender diversity (BGD) increases while power concentration with the chief executive officer (CEO) decreases sustainability performance. Practical implications: These findings have important implications for policymakers, potential investors, firm management and other stakeholders given the firms' access to resources and preferences to encounter uncertainty vary across different LC stages. Originality/value: To the best of the authors' knowledge, this is the first study that investigates the role of the firm's LC in the relationship between policy uncertainty and sustainability performance in the European context. [ABSTRACT FROM AUTHOR]

Background: The IMPACT survey aimed to elucidate the humanistic, clinical and economic burden of osteogenesis imperfecta (OI) on individuals with OI, their families, caregivers and wider society. Research methodology, demographics and initial insights from the survey have been previously reported. The cost of illness (healthcare resource use, productivity loss, out-of-pocket spending) and drivers of the economic impact of OI are reported here. Methods: IMPACT was an international mixed-methods online survey in eight languages (fielded July–September 2021) targeting adults (aged ≥ 18 years) or adolescents (aged ≥ 12–17 years) with OI, caregivers with or without OI and other close relatives. Survey domains included demographics, socioeconomic factors, clinical characteristics, treatment patterns, quality of life and health economics. The health economic domain for adults, which included questions on healthcare resource use, productivity loss and out-of-pocket spending, was summarised. Regression and pairwise analyses were conducted to identify independent drivers and associations with respondent characteristics. Results: Overall, 1,440 adults with OI responded to the survey. Respondents were mostly female (70%) and from Europe (63%) with a median age of 43 years. Within a 12-month period, adults with OI reported visiting a wide range of healthcare professionals. Two-thirds (66%) of adults visited a hospital, and one-third (33%) visited the emergency department. The mean total number of diagnostic tests undergone by adults within these 12 months was 8.0. Adults had undergone a mean total of 11.8 surgeries up to the time point of the survey. The proportions of adults using queried consumables or services over 12 months ranged from 18–82%, depending on the type of consumable or service. Most adults (58%) were in paid employment, of which nearly one-third (29%) reported missing a workday. Of the queried expenses, the mean total out-of-pocket spending in 4 weeks was €191. Respondent characteristics such as female sex, more severe self-reported OI and the experience of fractures were often associated with increased economic burden. Conclusion: IMPACT provides novel insights into the substantial cost of illness associated with OI on individuals, healthcare systems and society at large. Future analyses will provide insights into country-specific economic impact, humanistic impact and the healthcare journey of individuals with OI. [ABSTRACT FROM AUTHOR]

[Display omitted] • A sustainability assessment of SCCA produced from bio-wastes has been performed. • CAFIPLA reduces the environmental impact and social risk of the benchmark technology. • The plant is profitable as long as the product is sold above 0.49 €/kg. Bio-based products are a fast-growing market due to increasing consumer consciousness for sustainability. Although this is per se a positive trend, it leads to a higher demand for organic feedstocks which normally comes from primary agricultural sources and can lead to undesired deforestation or other land use changes to farmland. At the same time, Europe is facing another challenge related with the treatment of organic wastes. In this context, the project CAFIPLA developed an integrated process to convert heterogeneous organic materials to building blocks for the bio-based economy. This study performs a life cycle sustainability assessment (life cycle assessment, life cycle costing and social life cycle assessment) of the production of short chain carboxylic acids (SCCA) employing municipal bio-wastes as a feedstock. In addition to a hot-spot identification to detect the main sources of impact, a comparison of the novel technology with the current benchmark is carried out applying a cradle-to-gate approach and using 1 kg of SCCA as a functional unit. Results show the great performance of CAFIPLA in all the environmental categories analysed. Furthermore, the profitability of the plant is also verified, reaching a payback period below 6 years as long as the product is sold above 0.49 €/kg. Finally, the potential social risk associated to the supply chain is also improved with CAFIPLA technology. [ABSTRACT FROM AUTHOR]

Background: Predictors of COVID-19 (coronavirus) vaccination have been extensively researched; however, the contextual factors contributing to understanding vaccination intention remain largely unexplored. The present study aimed to investigate the moderating role of economic development (Gross domestic product - GDP per capita), economic inequality (Gini index), the perceived corruption index and Hofstede's measurements of cultural values-index of individualism/collectivism and power distance index--in the relationship between determinants of satisfaction with the healthcare system, trust in political institutions, conspiracy beliefs and COVID-19 vaccination intention. Methods: A multilevel modelling approach was employed on a sample of approximately 51 000 individuals nested within 26 countries. Data were drawn from the European Social Survey Round 10. The model examined the effect of individual- and country-level predictors and their interaction on vaccination intention. Results: Satisfaction with the healthcare system had a stronger positive effect on intention to get vaccinated in countries with lower perceived corruption and more individualistic countries. Trust in political institutions had a stronger positive effect on vaccination intention in countries with higher economic development and lower perceived corruption, while a negative effect of conspiracy beliefs on vaccination intention was stronger in countries with lower economic development, higher perceived corruption and a more collectivistic cultural orientation. Conclusion: Our findings highlight the importance of considering individual and contextual factors when addressing vaccination intention. [ABSTRACT FROM AUTHOR]

This study offers a comprehensive exploration of unemployment, spanning short-term, medium-term and long-term periods, highlighting the necessity for in-depth analysis and timely intervention. The primary goal is to develop machine learning models proficient in identifying the characteristics of individuals undergoing unemployment. Utilizing data from the European Social Survey, the research employs data processing techniques and diverse machine learning algorithms, including Logistic Regression, Random Forest, Ada Boost, LightGBM, and Gradient Boosting. The comparative analysis of unemployment across different durations reveals significant variations in predicting factors. Short-term unemployment is notably influenced by age. For those unemployed for twelve months or more, factors such as perceived equal opportunities and attachment to Europe become influential. In the context of unemployment lasting five years, variables related to happiness and marital status prove crucial, impacting motivation and potentially contributing to extended unemployment. This study marks the initiation of a comprehensive exploration into understanding the traits of unemployed individuals, extending beyond the individual level to incorporate macroeconomic considerations. The application of machine learning algorithms provides valuable insights into addressing this the societal challenge of unemployment. [ABSTRACT FROM AUTHOR]

We document the spiral of populism in Europe and the direct and indirect role of economic insecurity shocks. Using survey data on individual voting, we make two contributions to the literature. (i) Economic insecurity shocks have a significant impact on the populist vote share, directly as demand for protection, and indirectly through the induced changes in trust and attitudes. (ii) A key consequence of increased economic insecurity is a drop in turnout. The impact of this largely neglected turnout effect is substantial: conditional on voting, when economic insecurity increases, almost 40% of the induced change in the vote for a populist party comes from the turnout channel. This paper is part of the Economica 100 Series. Economica, the LSE "house journal" is now 100 years old. To commemorate this achievement, we are publishing 100 papers by former students, as well as current and former faculty. Tommaso Sonno obtained his PhD from the LSE and is a CEP Associate. luigi Guiso obtained his MSc from the LSE and is a fellow at the CEP. [ABSTRACT FROM AUTHOR]

Background: Economic burden studies can provide insights into the drivers leading to increasing healthcare costs. It can also provide a more holistic view of how diseases impact the welfare of patients and their families. Having concrete estimates of the economic burden across multiple diseases can help policymakers determine which diseases are economically more burdensome. This study aimed to review and summarise comprehensively economic burden studies across multiple diseases in the Nordic countries between 2000 and 2020. Methods: According to the 2020 PRISMA statement, a systematic literature review was conducted in PubMed, CINAHL, Academic Search Premier and Global Health databases using key terms related to the economic burden of any disease in Denmark, Finland, Greenland, Iceland, Norway and Sweden. Grey literature was also reviewed. Results: A total of 10,050 potential titles and abstracts were identified and screened, and 254 full-text papers that met the inclusion criteria were evaluated by two independent reviewers. Of these, 119 articles were included in a qualitative synthesis. Twenty-nine had clearly defined comparison groups, thus able to attribute the costs to the disease. Large variations concerning methodology and cost components were noted. Across diseases, the economic burden ranged from EUR 1668 per patient annually for chronic obstructive pulmonary disease to EUR 93,041 for multiple sclerosis. However, estimates varied widely, even within each disease. Conclusions: Our review highlights the need for more comparable economic burden studies. Future studies should focus on applying robust methodology and homogeneous cost-reporting methods to inform policymakers about which diseases are economically more burdensome. [ABSTRACT FROM AUTHOR]

The envisioned role for Türkiye in the context of Europe's energy strategies should be crucial. By promoting countries like Türkiye can contribute significantly to global efforts in advancing sustainable energy transitions. Moreover, Incorporating Türkiye into Europe's energy strategies can reduce reliance on external energy suppliers and enhance energy security. The findings of this study offer fresh perspectives on the intricacies of the energy system dynamics and make valuable contributions to the ongoing discourse surrounding transition routes. The study takes into account several key aspects, including the current state of hydrogen in Türkiye, the country's potential for renewable energy, the existing policy and regulatory framework, and the necessary infrastructure and market conditions required for the establishment of a hydrogen hub. These insights shed light on the feasibility and viability of hydrogen as an indispensable component within the context of Türkiye 's energy landscape, offering valuable guidance for policymakers, industry stakeholders, and researchers involved in shaping the future of the energy sector. • The envisioned role for Türkiye in the context of Europe's energy strategies. • Insights and perspectives on energy dynamics, enrich discourse on transition routes. • EU-Türkiye green Hydrogen collaboration overcomes political setbacks, forging a transformative alliance. • Türkiye has the potential to seize a significant market share and enhance the value of its expansive territory. • Türkiye and Europe can develop clean energy by transporting pure hydrogen or blending it with natural gas. [ABSTRACT FROM AUTHOR]

• We propose an advanced model to assess municipal waste management impacts. • We propose an approach to improve data reporting on generated waste amounts. • The C-footprint varies from a burden of 539 to a saving of 490 kg CO 2 -eq. t−1. • The cost of managing municipal waste in EU27 averages 162 EUR t−1. • The Full-Environmental-Cost of managing municipal waste in EU27 averages 109 EUR t−1. The Monitoring Framework proposed in the EU27 New Circular Economy Action Plan comprises two mass-based indicators, namely overall recycling rate and recycling rate for specific waste streams. Yet, to monitor and assess the impacts of circular economy, indicators cannot be limited to mass-based indicators; we argue assessments should also include environmental and economic effects. Towards this end, these impacts can be quantified by an advanced model based on life cycle thinking, entailing the use of life cycle assessment and costing (LCA/LCC). Calculating these effects for municipal waste management is challenging due to gaps in available data for estimating generated waste. We propose a methodology to estimate more finely the amounts of waste generated in the Member States, complemented with LCA/LCC. The results highlight that important inconsistencies in municipal waste data reporting exist and that recycling rates calculated from these are lower than hitherto estimated. The impacts quantification shows great performance variation across EU27, with C-footprint ranging from −490 to 539 kg CO 2 -eq. t−1. Potentials for improvement are substantial and can bring up to 103 Mt CO 2 -eq. additional annual saving, reducing costs (calculated as Full Environmental LCC) of waste management by 8.4 billion EUR and bringing 206,100 new jobs in the sector. The approach presented highlights the rationale for improved data management on waste statistics and the potential for harmonised models. It also paves the way for more sophisticated impact analyses relevant for policymaking, by bringing a richer perspective to the environmental and economic impacts of waste management on top of tracking generated, collected and recycled waste flows. [ABSTRACT FROM AUTHOR]

Economic costs of climate change are conventionally assessed at the aggregated global and national levels, while adaptation is local. When present, regionalised assessments are confined to direct damages, hindered by both data and models' limitations. This article goes beyond the aggregated analysis to explore direct and indirect economic consequences of sea level rise (SLR) at regional and sectoral levels in Europe. Using a dynamic computable general equilibrium model and novel datasets, we estimate the distribution of losses and gains across regions and sectors. A comparison of a high-end scenario against a no-climate-impact baseline suggests a GDP loss of 1.26% (€871.8 billion) for the whole EU&UK. Conversely our refined assessments show that some coastal regions lose 9.56–20.84% of GDP, revealing striking regional disparities. Inland regions grow due to the displaced demand from coastal areas, but the GDP gains are small (0–1.13%). While recovery benefits the construction sector, public services and industry face significant downturns. We show that prioritising recovery of critical sectors locally reduces massive regional GDP losses, at negligible costs to the overall European economy. Our analysis traces regional economic restructuring triggered by SLR, underscoring the necessity of region-specific adaptation policies that embrace uneven geographic impacts and unique sectoral profiles to inform resilient strategy design. [ABSTRACT FROM AUTHOR]

We employ the conceptual framework of "N-tuple helices" and devise a composite indicator, namely SFIGA (Society-Finance-Industry-Government-Academia), that aims at measuring the innovation performance of 24 OECD European countries from 2008 to 2017. We also investigate the effects of actors-helices on GDP per capita. The preliminary results from panel data regressions (OLS, quantile, and GMM) indicate their decisive economic importance as key actors of national innovation systems. However, the negative impact of academia on economic growth may explain a highly required resource allocation for basic research in the "knowledge economy" era. Its potential positive economic effects probably require time and patience. [ABSTRACT FROM AUTHOR]

Solitude is a rising phenomenon in the western world. The share of people affected by solitude has been rising for some time and the Covid-19 pandemic has further brought this trend to the fore. Yet, we know next to nothing about the aggregate subnational economic impact of the rise in solitude. In this paper, we analyse the consequences of solitude on regional economic performance across Europe, distinguishing between two of its key dimensions: alone living, proxied by the regional share of single-person households and loneliness, proxied by the aggregate share of social interactions. We find that solitude has important implications for economic development, but that these go in different directions. While alone living is a substantial driver of economic growth across European regions, high shares of lonely people undermine it. The connection of loneliness with economic growth is, however, dependent on the frequency of in-person meetings, with large shares of the population meeting others socially on a weekly basis, alongside a small percentage of people who never meet others, yielding the best economic returns. [ABSTRACT FROM AUTHOR]

Mycotoxin contamination in animal feed is a significant point of concern within the European food supply network. These toxic secondary metabolites produced by fungi have the potential to contaminate feed and pose a risk of making their way into the human diet via animal products like meat, milk, and eggs. The consequences of mycotoxin contamination extend beyond animal health, affecting economies and public health, presenting complex issues for agricultural producers, regulatory bodies, and consumers. Even with stringent controls and surveillance in place, mycotoxins remain a persistent issue. This study provides updated findings on the prevalence of mycotoxins globally and specifically in Europe, with a focus on analyzing the incidence of ochratoxin A both worldwide and within European contexts. The dispersion of mycotoxina within a given region can have considerable economic consequences for the trade of animal feed, directing stakeholders toward making informed decisions about the types of analyses in which they should allocate more resources. [ABSTRACT FROM AUTHOR]

• The lifetime of PV power plants does not reach the expected 20–25 years. • Data monitoring from 85 PV power plants in central Europe is used. • The real lifetime of PV power plants is about half the planned time. After 10 years of operation the frequency of serious failures rises sharply. • The examples of delamination, the formation of a conductive channel between the electrode and the grounded frame of the PV panels are demonstrated, the number of damaged inverters is analysed. • To calculate the economic efficiency of investments in PV power plants, the methods: payback period (PP), net present value (NPV), and internal rate of return (IRR) were used. The maintenance and analyzing failures of PV systems and plants are becoming more and more important issues. Our data from the long-term operation of 85 photovoltaic power plants in central Europe show that their actual lifetime is about half that of the originally planned lifetime. After about 10 years, serious failures of 1st tier (bankable) PV panels occur at an increasing rate. This article presents selected typical data and describes the most serious failures. Furthermore, economic calculations of returns on investment are carried out in relation to the price of electricity, which is currently changing at a rapid pace. It shows that the PV panel lifetime reduction from 20 to 30 years, declared at commercial leaflets, to real lifetime about 10–12 years can reduce PV power plant profit substantially, but the investment is still worth it. The reason is that after 10–12 years ser vice/maintenance expenses to replace damaged PV panels and inverters are growing very quickly. The new information could be helpful for owners of PV power plants to get a more realistic estimation of profits. [ABSTRACT FROM AUTHOR]

Background: Calcitonin gene-related peptide (CGRP) monoclonal antibodies (mAbs) are approved in Europe as preventive treatment of migraine in patients with at least four monthly migraine days. Migraine gives rise to direct healthcare expenditures, but most of the economic burden of migraine is socioeconomic. Evidence on the socioeconomic implications of CGRP-mAbs is, however, limited. There is an increasing interest in supplementing evidence from randomised controlled trials (RCTs) with real-world evidence (RWE) to aid clinical decision making and inform decision making for migraine management. The objective of this study was to generate RWE on the health economic and socioeconomic implications of administering CGRP-mAbs to patients with chronic migraine (CM) and episodic migraine (high-frequency episodic migraine (HFEM), and low-frequency episodic migraine (LFEM)). Methods: Real-world data (RWD) on Danish patients with CM, HFEM, and LFEM were collected via two Danish patient organisations and two informal patient networks and used in a tailored economic model. Treatment effects of CGRP-mAbs on health economic and socioeconomic outcomes were estimated using a sub-sample of patients with CM who receive CGRP-mAb treatment. Results: A total of 362 patients (CM: 199 [55.0%], HFEM: 80 [22.1%], LFEM: 83 [22.9%]) were included in the health economic model (mean age 44.1 ± 11.5, 97.5% female, 16.3% received treatment with CGRP-mAbs), and 303 patients were included in the socioeconomic model (15.2% received treatment with CGRP-mAbs). Health economic savings from initiating CGRP-mAb treatment totalled €1,179 per patient with CM per year on average (HFEM: €264, LFEM: €175). Socioeconomic gains from initiating CGRP-mAb treatment totalled an average gross domestic product (GDP) gain of €13,329 per patient with CM per year (HFEM: €10,449, LFEM: €9,947). Conclusion: Our results indicate that CGRP-mAbs have the potential to reduce both health economic expenditures and the socioeconomic burden of migraine. Health economic savings are used as a basis for health technology assessments (HTAs) of the cost-effectiveness of new treatments, which implies that important socioeconomic gains may not be given enough importance in decision making for migraine management. [ABSTRACT FROM AUTHOR]

Over the last decade, low-cost and legacy carriers have evolved their respective business models, leading to business model "hybridization". However, the economic performance impacts of such convergence remain underinvestigated. We therefore evaluate whether airline business model hybridization has led to homogeneous economic performance in Europe. Using 2019 data for 25 European airlines, we implement hierarchical clustering based on principal components. We show that regardless of the analysis level (i.e., the number of clusters into which we group airlines), low-cost and legacy carriers remain distinct groups with specific economic performance characteristics (e.g., volume, revenue, cost and profitability). That is, despite increasing hybridization, the economic performance of airline business models is not homogeneous; overall, low-cost carriers remain more profitable (with lower costs and more affordable fares) than legacy carriers. • We evaluate whether airline business model hybridization has led to homogeneous economic performance in Europe. • We use 2019 data for 25 European airlines to implement hierarchical clustering based on principal components. • We show that low-cost and legacy carriers remain distinct groups with specific characteristics. • Despite increasing hybridization, the economic performance of airline business models is not homogeneous. • Overall, low-cost carriers remain more profitable (with lower costs and more affordable fares) than legacy carriers. [ABSTRACT FROM AUTHOR]

Climate change can have a significant impact on the Earth's ecosystems. Invasive species will respond to climate change, and their responses will have ecological and economic implications. Habitat suitability models (HSMs) are some of the most important tools currently available for assessing the potential impacts of climate change on species. The projections of a model of suitable conditions for three invasive fish species in Europe, Lepomis gibbosus, Perccottus glenii and Pseudorasbora parva, built using Maxent and based on the occurrence throughout the range (native and invasive), on the current climate of Europe and on the forecast climate data for the 2050s and 2070s in the SSP2 and SSP5 scenarios are presented herein. For Lepomis gibbosus and Pseudorasbora parva, climate change will lead to a significant expansion of their zones, with suitable conditions to the north and east, while the change in suitability in their existing ranges will be moderate. For Perccottus glenii, the zone with suitable conditions will shift northward, with a gradual deterioration in the southern and central parts of its current range and an improvement in the northern part. Thus, at present and until the 2070s, Lepomis gibbosus and Pseudorasbora parva can be considered potentially dangerous invasive species in most parts of Europe, while Perccottus glenii can be considered as such only in the northern part of Europe. [ABSTRACT FROM AUTHOR]

The main issues of accounting reporting regarding goodwill are whether a firm's management reliably conveys their private information about future earnings, and whether they disclose value-relevant and useful information to accounting users. In the current International Financial Reporting Standards (IFRS) regulations, the goodwill impairment test is based on management's discretionary assessments. This study examines how goodwill impairment is reported under IFRS considering company- and industry-specific economic factors, proxies for earnings management, and macroeconomic crisis years. We extend previous research using tobit and logit regressions by employing a fixed-effects model. This approach is possible because of a panel dataset comprising 449 of 600 active companies sampled from the STOXX Europe 600 index from 2005 to 2018. We find that goodwill impairments are largely concentrated in certain companies, industries, and years. The regression models show a significant negative correlation between companies' return on total assets and goodwill impairments. Moreover, we discover that goodwill impairments have a significant positive correlation with goodwill intensity, debt ratio, and the proxy for reporting a one-off big bath charge. In addition, we find that the global financial crisis in 2008–2009 and the European debt crisis in 2011 differ significantly from other fiscal years. [ABSTRACT FROM AUTHOR]

This research aimed to identify the economic and cultural factors of migration in Europe within the context of contemporary economic and social realities. To achieve the research objective, a comprehensive multi-stage research project was developed and implemented, incorporating the advantages of statistical analysis, monitoring, rating and summary statistics. The research relied on harmonized and validated statistical data from 48 European countries, divided into four sub-regions, serving as the informational foundation for the study. Using summary statistics on migration factors in the context of economic and cultural factors made it possible to demonstrate the importance of considering cultural human rights in the country's migration policy. An interpretation of migration practices in Europe by this means enables us to highlight the cultural context as a determining indicator, based on an analysis of objective indicators in the development of migration processes. Furthermore, the study shows that the high quality of life and cultural attractiveness of the national policy stimulates the migration intentions of a person to seek out countries with more developed economies. The findings of this study hold relevance for policymakers and specialists in public administration, particularly those involved in the regulation and control of migration. Additionally, academic researchers can benefit from the empirical regularities established in this research and the identified prospective avenues for future investigations. [ABSTRACT FROM AUTHOR]

Policymakers imposed constraints on public life to contain the Covid-19 pandemic. At the same time, fiscal, monetary and macroprudential policies implemented a large range of expansionary measures to limit the economic consequences of the pandemic and stimulate recovery. In this paper, we assess the response of the equity market as a high-frequency indicator of economic activity to containment and stabilization policies for 29 European economies. We construct indicators of containment and stabilization policies and estimate a range of panel VAR models. The main results are threefold. First, we find that stock markets are highly responsive to containment and stabilization policies. We show that domestic fiscal policy, macroprudential policy as well as monetary policy support the recovery as reflected in the stock market. Second, expansionary fiscal policy conducted at the European level reduces rather raises stock prices. Third, we estimate the model over subsamples and show that the counter-intuitive stock market response to EU policies is driven by the responses in medium- and high-debt countries. These countries' stock markets are also particularly susceptible to monetary policy announcements. [ABSTRACT FROM AUTHOR]

This study aimed at a quantitative analysis of the material flows associated with End of Life (EoL) lithium-ion batteries' (LIBs) materials in Europe. The European electric vehicles fleet in 2020 was taken as a case study, assuming a 10-year lifetime for the batteries and that the related EoL LIBs would be processed by existing recycling plants via pyrometallurgy, hydrometallurgy, or their combination in sequence. The economic implications (recycling operative costs compared to the revenues from the sales of the recycled metals) and the environmental performances (CO2 eq. emitted, energy demand and circularity performances) were assessed. Based on the gathered results, the existing European recycling capacity will overlook over 78% of the forecasted EoL LIBs. The treatment efficiencies of the full-scale recycling processes allow for the recovery of over 90% of copper, cobalt, nickel, and manganese, 87% of aluminum, and only 42% of lithium and 35% of iron entering the recycling facilities. In overall, LIBs recycling in 2030 will involve the emission of 3.7 Mt of CO2 eq. and an energy demand of 33.6 GWh. Hydrometallurgy presents the best economic and environmental trade-off compared to other recycling strategies. In conclusion, this study demonstrated that current European LIBs' recycling infrastructure will be inadequate in the near future and the direction (i.e., hydrometallurgy) that its strengthening should pursue. [ABSTRACT FROM AUTHOR]

This paper examines empirically the impact of Covid-19 pandemic on economic sentiment in Europe. We focus on the EU-27 countries plus the UK during the period September 2019 to November 2020, before the initiation of Covid-19 vaccination, using data from Eurostat's Business and Consumers Surveys. Panel data estimates indicate that the pandemic has generated strongly declining sentiments among economic agents in Europe through the slowdown of the economy due to the imposed restrictions on movement and other controls. The risk of infection-induced mortality has played a separate role in generating pessimism directly from human psychology. The emergency social protection measures launched by governments have, on average, been effective in reducing market pessimism. However, we provide evidence suggesting that policymakers should focus more on targeted support to poor households and other disadvantaged groups of the population. Overall, our results suggest that certain structural features of economies, including poverty exposure, a large informal sector, and a high percentage of vulnerable employment as well as limited financial and informational openness, are factors that may intensify the severity of the adverse economic consequences of a pandemic. [ABSTRACT FROM AUTHOR]

In the period of post-communist transition, Central Europe witnessed complex and multifaceted mobility processes; permanent outmigration, of an ethnic or labour-related nature, coexisted with temporary, seasonal, or crossborder movements and an increasing influx of foreigners. To study these complex processes, we have chosen to apply a holistic and comprehensive approach, rather than limit conceptual considerations to one theory of migration determinants. We focus on eleven post-communist countries that joined the European Union (EU-11) and on the period extending from around 1989, covering the EU's eastward enlargement, to the present. The aim of this study is twofold: first, we propose a general conceptual framework, based on the aspirations/capabilities approach, to present the main determinants of emigration from this part of the European continent. Second, in relation to each determinant, we formulate research questions postulated by selected theories of international migration and present the evidence, based on existing empirical studies, that addresses these questions. The paper contributes to the literature by providing a broad interpretation of post-transition mobility and pointing to commonly overlooked explanatory factors. We highlight the importance of economic factors that have enhanced and directed the outward migration from the EU-11 to selected EU member states and selected economic sectors; in particular, as regards capabilities, these factors include the lifting of labour market restrictions, high demand in the secondary sector of labour markets, and the roles of migration networks and the migration industry. Emphasis is also placed on aspirational factors, such as labour market failures and the substantial aspirational gap resulting from improvements in high educational attainment in the countries of origin. The aspirations/capabilities approach serves well as a general framework of migration determinants, but its explanatory power is enhanced by reference to other, more specific theories of migration. We show that a combination of the complementary approaches provides a more refined and in-depth picture of migration from the region. [ABSTRACT FROM AUTHOR]

In recent decades, European welfare states have adopted demanding active labour market policies (ALMPs), aimed at increasing labour market participation through imposing stricter work-related obligations and benefit cuts in case of job offer rejection. This article investigates whether support for such demanding ALMPs is driven by risk perceptions of future unemployment and negative stereotypes about unemployed persons. Insights into the role of risk perceptions and stereotypes offer opportunities to gain a better understanding of the impact of structural variables. Drawing on data from the European Social Survey 2016 in 21 European countries, the analysis reveals that higher subjective risk of unemployment decreases support for these ALMPs substantially, whereas negative perceptions of the unemployed increase support. However, these factors play at the individual level only and do not explain country-level differences in support of demanding ALMPs. The notable cross-national variation in support of activation policies is found to be unrelated to economic factors and to the strictness of activation requirements for unemployment benefits. [ABSTRACT FROM AUTHOR]

The importance of researching the problem is due to the growing processes of world globalization, in the conditions of which the issue of effective development of higher education has gained special relevance. Thus, the global processes taking place in the world over the past 30 years drew attention to the problems of education and proved their direct impact on the economic situation in the middle of European countries. It was established that the reaction of European countries to the world’s dynamic changes caused by global challenges was the modernization of national higher education systems and the creation of the European Higher Education Area. This is primarily related to the search for mechanisms to improve the quality of higher education and scientific research in European universities, the need for the formation of high-quality human capital and the achievement of the strategic goal of forming a «Europe of knowledge», which articulates, among others, high requirements for the level of qualifications of employees. It was established that the development of the European area of higher education has become one of the directions of modernization of the European educational system and the most successful project of the EU since its creation. It is shown that the key role in the formation of a common educational space belongs to the decisions made within the framework of the Bologna process, which determined the main trends in the further development of education and the countries of Europe and activated the beginning of the movement of national educational systems towards unified criteria and standards. [ABSTRACT FROM AUTHOR]

In the middle of the 20th century, economic theories predicted an evolution towards development that involved the tertiarization of the productive structure, with industry losing weight to the benefit of commerce and services. This model justified the deindustrialization of countries when, promoting globalization, large companies relocated production phases to third countries to take advantage of lower labor costs. Since the Great Recession and aggravated by the COVID-19 pandemic and other economic factors, globalization seems to be entering a new phase in the third decade of the 21st century, in which Global Value Chains are changing to become even more regional and reshoring is a strategy increasingly employed by large European and North American companies. In the medium term, this global change will have a considerable impact on land systems on a global scale in what could be a new reindustrialization of the old continent. The article presents an investigation carried out on the impact of reshoring in leading European companies in six different industrial branches. The results of the research show how the relocation of the industry in the most developed countries is an incipient trend practiced by the leading European companies. [ABSTRACT FROM AUTHOR]

An editorial is presented on European Union's fundamental achievements interrupted and people avoided seeking medical treatment in fear of an infection. Topics include pandemic and the epidemic control decisions being implemented having major efects on the economic and social well-being of the older population ; and people avoided seeking medical treatment in fear of an infection.

This study investigated the effect of economic vulnerability on unmet needs during the first wave of the coronavirus disease 2019 (COVID-19) epidemic in Europe among adults aged 50 years and older using data from the regular administration of the Survey of Health, Ageing and Retirement in Europe (SHARE) and the specific telephone survey administered regarding COVID-19 (SHARE Corona Survey). It addressed three main research questions: Did people who were in difficult economic situations before the epidemic face more barriers to accessing healthcare than others? If so, to what extent can these discrepancies be attributed to initial differences in health status, use of care, income or education between vulnerable individuals and non-vulnerable individuals or to differential effects of the pandemic on these groups? Did the effect of economic vulnerability with regard to unmet needs during the pandemic differ across countries? Unmet healthcare needs are characterised by three types of behaviours likely to be induced by the pandemic: forgoing care for fear of contracting COVID-19, having pre-scheduled care postponed and being unable to obtain medical appointments or treatments when needed. Our results substantiate the existence of significant differences in accessing healthcare during the pandemic according to economic vulnerability and of cumulative effects of economic and medical vulnerabilities: the impact of economic vulnerability is notably stronger among those who were in poor health before the outbreak and thus the oldest individuals. The cross-country comparison highlighted heterogeneous effects of economic vulnerability on forgoing care and having care postponed among countries, which are not comparable to the initial cross-country differences in social inequalities in access to healthcare. [ABSTRACT FROM AUTHOR]

The period from around 1450 to 1550 in Europe is extremely interesting from the perspective of research on extreme weather events. It was a period of events that strongly influenced the societies and economies of the Old Continent. So far, the literature has been more focused on western and northern Europe. Concerning the region of central Europe, the greatest attention was paid to the Czech Republic or Hungary. This article revolves around the Polish lands, which experienced their greatest economic boom in the 16th century. We consider whether and how the droughts of the decade from 1531 to 1540 might have affected the country's economic development. We analyse a number of written sources which are the product of the treasury apparatus of the time (tax registers, data from water customs, tax exemptions, inventories of land estates etc.), but also information on fluctuations in product prices in the most important cities in this part of Europe. The work not only provides a detailed account of economic data, but also attempts to reflect on the relevance of linking information on fires in urban centres in the period characterized by weather extremes. [ABSTRACT FROM AUTHOR]

We examine the wealth effects of economic nationalism (EN) on domestic and foreign rivals of takeover targets using a novel sample of government‐blocked EU cross‐border takeover bids. We report a significant net contagion effect at bid announcement from regression models resulting in a net gain of €3 million for each rival, on average, with domestic rivals enjoying an additional gain of €10 million. Government intervention results in negative returns, which become even more negative at bid resolution, and the adverse effects are felt by both domestic and foreign rivals. All rivals lose a value of €14 million over the total bid period with domestic rivals losing an additional €17.5 million, on average. The source of the losses are not mutually exclusive and can be due to several factors, including lower future takeover likelihood, failure to capture efficiency gains or loss of economic rents. We show that EN has a significant cost, which is not confined to the EU blocking country. [ABSTRACT FROM AUTHOR]

The impact of grandparenting on depression is mediated by both macro- and micro-level factors, however, their combined examination between different country contexts is relatively rare. This study examined whether country level income and grandparents' gender influenced the relationship between the transition to grandparenthood and individuals' depression across England, Europe and China. Multi-level linear regression analyses with restricted maximum likelihood estimation were performed covering 15 countries from the ELSA, the SHARE and the CHARLS 2010-15 in order to understand cross-country differences in this area. This study found significant cross-national variations in the effects of transitioning to grandparenthood on individuals' depression. Transitioning to grandparenthood reduced the depression score among both men and women in lower income countries, but increased it in higher income countries. Moreover, the gender gap in the effects of becoming a grandparent on one's depression was wider in lower income countries than higher income countries. Policymakers should pay attention to the support grandparents need, and systematically integrate childcare provided by grandparents into family policies. Policies supporting older people should take into account the way in which macro-level and micro-level factors combine to affect grandparents' well-being. [ABSTRACT FROM AUTHOR]

From the early 2010s onward, the number of asylum seekers in Europe has gradually increased, with 2015, in particular, experiencing a significant rise. These asylum seekers have mainly come from conflict-affected countries. In 2015, for instance, Syrians, Afghans and Iraqis accounted for the top three nationalities of first-time asylum applicants in the European Union. This study uses count data on Syrian, Afghan and Iraqi asylum seekers in 25 European countries over the sample period of 2001 to 2016 and investigates their destination choice within a framework of generalised linear models for modelling count data. The explanatory variables include economic and cultural factors, which the results show significantly, influenced the flows of asylum seekers. For instance, a high level of income per person employed in a European country was a common pull factor for Syrian, Afghan and Iraqi asylum seekers. The three groups of asylum seekers also shared a common preference for cultures in which people were individualistic, long-term orientated and tolerant of unorthodox behaviour and ideas. [ABSTRACT FROM AUTHOR]

In response to the COVID-19 outbreak, governments in European countries adopted a wide range of containment measures to prevent the spread of the virus. These measures led to unprecedented short-term economic loss for national economies, to which governments responded with support measures targeting both households and businesses. In this article, we argue that official statistics are a key source for robust comparisons of the economic impact of COVID-19 and subsequent support measures across countries. In particular, we use Eurostat's quarterly non-financial sector accounts and supplementary information provided by countries to estimate and compare the support received by households in 18 European countries. We focus our analysis on the second and third quarter of 2020, when national economies in Europe were impacted mostly by the containment measures. The results show some heterogeneity in the type and extent of support provided. Interestingly, while in some countries support interventions were far from making up for the loss of income, in others they far outweighed it. [ABSTRACT FROM AUTHOR]

For banks, credit lines play an important role exposing both liquidity and credit risk. In the advanced internal ratings‐based approach, banks are obliged to use their own estimates of exposure at default using credit conversion factors. For volatile segments, additional downturn estimates are required. Using the world's largest database of defaulted credit lines from the US and Europe and macroeconomic variables, we apply a Bayesian mixed effect quantile regression and find strongly varying covariate effects over the whole conditional distribution of credit conversion factors and especially between United States and Europe. If macroeconomic variables do not provide adequate downturn estimates, the model is enhanced by random effects. Results from European credit lines suggest that high conversion factors are driven by random effects rather than observable covariates. We further show that the impact of the economic surrounding highly depends on the level of utilization one year prior default, suggesting that credit lines with high drawdown potential are most affected by economic downturns and hence bear the highest risk in crisis periods. [ABSTRACT FROM AUTHOR]