Christophe Schinckus

• PhD in Economics (University of Paris I - Pantheon Sorbonne France); PhD in Philosophy of Science (University of Cambridge UK); PhD in Critical Studies (Kingston University
• Professor at University of the Fraser Valley

This article investigates the long-range correlations within the cryptocurrency market by investigating the Hurst exponents across multiple time scales for the log-returns of the top five cryptocurrencies (capturing over 70 % of the market capitalization) between 2017 and 2023. The study uncovers several notable insights. An overall analysis indica...

Purpose – This study examines how tourism contributes to employment. Design/methodology/approach – Using various econometric techniques for panel data, the study estimates the contribution of tourism to employment in a sample of 148 economies from 2002 to 2017. The analysis is also carried out for three sub-samples according to income levels. Findi...

Impact statement This study examines the influence of economic policy uncertainty (EPU) on the relationship between excess liquidity and bank risk-taking, particularly in countries that were severely impacted by the 2008 Global Financial Crisis (GFC). Utilizing the System Generalized Method of Moments on data from 33 countries, the research indicat...

This article provides a comprehensive investigation of the global tourism industry, combining two critical streams from the academic literature: the economic determinants of the tourism industry and the influence of technology on this industry. More precisely, this study examines the influences of technology advancement (Internet and mobile usage)...

Summary Background Future trends in disease burden and drivers of health are of great interest to policy makers and the public at large. This information can be used for policy and long-term health investment, planning, and prioritisation. We have expanded and improved upon previous forecasts produced as part of the Global Burden of Diseases, Injur...

Background Understanding the health consequences associated with exposure to risk factors is necessary to inform public health policy and practice. To systematically quantify the contributions of risk factor exposures to specific health outcomes, the Global Burden of Diseases, Injuries, and Risk Factors Study (GBD) 2021 aims to provide comprehensiv...

Summary Background Future trends in disease burden and drivers of health are of great interest to policy makers and the public at large. This information can be used for policy and long-term health investment, planning, and prioritisation. We have expanded and improved upon previous forecasts produced as part of the Global Burden of Diseases, Injur...

This paper investigates one of the positive contributions of tourism to the economy through the lens of its influences on the shadow economy. Specifically, our study analyzes the effects of five indicators of tourism consumption (including domestic tourism spending, international travel and tourism consumption, business tourism spending, leisure to...

This article investigates the links between the technological evolution and the importance of informal economic activities. We examine the influences of internet usage on the shadow economy in a global sample between 2002 and 2015. With this purpose, we mobilize the panel fixed-effects estimate and the panel corrected standard errors estimate (as a...

Applying panel fully modified OLS for a global sample of 88 economies over two decades, this study investigates how the growth affects financial development and human capital accumulation in the long-run. The human capital accumulation has a significant positive impact on the output in our full sample and the LMEs, while it appears to have a signif...

This study examines the influences of institutions, the Internet and mobile usage on the trade balance of African countries between 2003 and 2017. Our empirical results have been estimated with a panel‐corrected standard error method (PSCE) and they have been confirmed by several alternative techniques. First, the increase of internet usage and mob...

Internet and mobile usages require digital tools that became familiar to all of us but whose industries create significant amount of CO2 emissions. The growing importance of communication channels usually enhances the institutional quality but it also generates a gradual increase in activities producing CO2 that, in turn, negatively affect the inst...

This study investigates the moderating role of strategic interaction on the relationship between bank lending and macroeconomic factors, using panel data on Vietnamese commercial banks over 2008–2018. We find that the effect of macroeconomic and monetary policy shocks on bank lending behaviour is less pronounced when banks engage in a less competit...

This study examines the influence of Internet development, institutional quality, and economic integration on economic complexity defined as the productive capabilities of a country and represented by Economic Complexity Index (ECI). Because ECI looks to explain the knowledge accumulation in the population and expressed in economic activities, this...

Purpose This study investigates the effect of global and domestic uncertainty on the dynamics of portfolio investment in 21 economies (mostly advanced and larger emerging economies) over the period 2001–2016. Design/methodology/approach Specifically, the evolution of the net portfolio equity investment inflows (FPI net inflows) and the evolution o...

The advantages of blockchain technology are numerous and its applications in healthcare industry are still under-estimated. In a context of increasing number of applications in healthcare sector it is important to adopt this technology in a way that is not at the origin of health issues for human beings. This short article discusses the potential s...

This study examines the effects of global uncertainty and its associations with each country's external debt and shadow economy on the government expenditures for a sample of 69 low and middle-income economies. Firstly, a higher external debt and a higher shadow economy reduce the ratio of government consumption to output. Secondly, an increase in...

This study examines the extent to which countries’ economic complexity and export diversification can help them to absorb external shocks in a context of global uncertainties. Our findings show that countries are vulnerable to external shocks of commodity prices and geopolitical risk. Furthermore, a higher economic complexity reduces the economic g...

Purpose This paper aims to contribute to recent debates about financial knowledge by opening the black box of its algorithmization to understand how information systems can address the major challenges related to interactions between algorithmic trading and financial markets. Design/methodology/approach The paper analyses financial algorithms in t...

This study uses panel data on Vietnamese commercial banks from 2008 to 2018 in order to investigate the role of strategic interactions in determining bank risk-taking behavior by considering bank asset growth. The results suggest that aggressive competition is less favorable for banks striving for stability and that a high value of competitive stra...

Purpose This study aims to investigate the influences of global uncertainty indicators volatility on the domestic socioeconomic and environmental vulnerability in a sample of 54 developing countries. Design/methodology/approach The two-step system generalized method of moments estimator is recruited to deal with autoregression and endogeneity matt...

Purpose – Even though Bitcoin has been often labelled as a safe haven asset class in the literature, the influence of economic policy uncertainty (EPU) on the diversifying opportunities offered by Bitcoin in relation to other assets needs to be investigated. This paper aims to investigate how the EPU affects diversification of commodity, convention...

This Special Issue is dedicated to the founder of econophysics, [...]

In a context of climate change and global warming, the literature paid more and more attention to the determinants of energy consumption. This article aims at examining the influences of the financial development and the institutional quality on the energy consumption in a global sample of 112 countries between 2002 and 2014. Our analysis is based...

Purpose Given the growing importance of cryptocurrencies and the technique called “SegWit” that allows to compile more transactions in a mined block, the electricity consumed per block might potentially decrease. The purpose of this study is to consider that the difficulty to mine a block might be a better indicator of the Bitcoin\Ether’s electrici...

This article investigates the drivers of outbound tourism. The originality of our approach is that it integrates socio-environmental aspects in the demand for international tourism. This study provides an empirical analysis for panel data of 82 economies from 2002 to 2016. Several estimates for panel data are applied. The results are robust and con...

This article aims at investigating the extent to which the algorithmic nature (i.e., mining process) of cryptocurrencies might influence their dynamics and interaction with some major economic indicators. Our study observes that proof-of-stake based cryptocurrencies are less correlated with other crypto-assets offering more opportunities for divers...

For the last three decades, physicists have been moving beyond the boundaries of their discipline, using their methods to study various problems usually instigated by economists. This trend labeled ‘econophysics’ can be seen as a hybrid area of knowledge that exists between economics and physics. Econophysics did not spring from nowhere—the existin...

In the increasing literature dealing with the potential applications of blockchain technology in the energy sector, one key aspect is under-estimated: the use of renewal energies to fuel the energy consumed by the blockchain technology. The vast majority of blockchain-based projects use the Proof-of-Work (POW) consensus algorithm, which paradoxical...

The majority of crypto-currencies are pseudo-anonymous in a sense that they are traceable through their hashes. Very few crypto-currencies really provide strict anonymity (i.e., un-linkability) for exchanges. This article investigates the link between strictly anonymous crypto-currencies (Moreno (XMR), Dash (DASH), Verge (XVG) and the dynamics of t...

This study examines the roles of institutional quality on the relationship between FDIs and productivity. Generally speaking, our estimates confirm the existing empirical studies on this issue. Our contribution refers to the analysis of the combined effect of FDIs (in different forms) with the institutional quality indicators. Notably, we observe t...

Purpose This paper aims to offer an empirical study of the impact of institutional quality on the banking system risk and credit risk. Design/methodology/approach Applying cross-sectional dependent tests and stationary tests to check the property of our sample, the panel corrected standard errors model is recruited as the main estimator, while fe...

This study examines the influence of institutions, the Internet, and mobile phone usage on African countries’ trade openness. Applying various estimations for a balanced panel of data for 47 African economies over the period of 2003 to 2017, our empirical analysis arrives at the following interesting conclusions. Improvement of the institutional fr...

Although it is widely acknowledged that real-life dealing with logistics operations is more complex than theoretical knowledge, traditional educational settings offer very few ways for learners to experience this aspect. This article deals with the development of a real-life environment for teaching logistics management in emerging countries and mo...

This study investigates the impacts of Vietnamese banks’ efficiency on the strategic interactions with their rivals. The study argues that efficient banks will compete the market to grow, and then become more responsive to the strategies from their rivals. The study extends the Efficiency Structure theory to capture the behaviours of banks after th...

This study investigates the determinants of the energy consumption by integrating the influence of shadow economy through the STIRPAT framework for 115 economies over the period 1991–2014. We apply the system-GMM estimations for our dynamic panel data to examine the determinants of the energy consumption under three aspects: the level, the intensit...

The study examines the influences of the global/domestic economic policy uncertainty (EPU) on entrepreneurship in a sample of 23 economies over the period 2006–2016. Employing the two-step system General Method of Moment estimation for unbalanced panel data, our study provides surprising evidence, indicating that EPU may not always be harmful to en...

Information systems are deeply linked to human activities. Unfortunately, development methodologies have been traditionally inspired by programming concepts and not by organizational and human ones. This leads to ontological and semantic gaps between the systems and their environments. The adoption of agent orientation and multi-agent systems (MAS)...

This article exemplifies the concept of performance writing through an essay that falls at the crossover point between academic (Apollonian) and artistic (Dionysian) piece of work caricaturing rationalist conservatism. By using an unconventional approach coming from French literature (pataphysics), this article explores the hilarity of well-constru...

This study aims at investigating the influence of institutions and economic openness on credit cycles in a global sample. Six institutional quality indicators combined with net inward FDI and trade openness are collected to estimate, respectively, the effects of institutions and economic openness on credit cycles. Our panel data covers 60 economies...

This article identifies that the institutional framework of a country and its liquidity are the main key drivers of stock market returns. To study this, we used the worldwide governance indicators as proxies to measure institutional quality. We apply the Sys-GMM to model the correlational relationship of our variables. Our analysis for both institu...

Institutions are often presented as essential to complement the ineffective of market-based solutions in dealing with fiscal deficits in recent decades. This study examines the influences of the control of corruption on fiscal deficits in 26 Asia Pacific economies from 2002 to 2015. By using the system-GMM estimators, the results are in threefold....

Blockchain is a buzzword describing the current excitement for an innovative technology that could change and disrupt major industries and economic sectors. Blockchain technology has the promise to change all existing business models and make financial services cheaper contributing therefore to a better financial inclusion and, even a better econom...

This article investigates the determinants of the income inequality for a global sample including 87 economies between 2002 and 2014. Notably, the study examines the impacts of technology development through the internet usage, mobile usage and fixed telephone usage on income inequality. Furthermore, we control and further examine the non-linear im...

Human activities have changed the Earth System to the point where we are in a new geological epoch, the Anthropocene. This is characterized as a climate crisis with the practices and meanings associated with innovation being challenged. ‘Slow Designers’, including those living in the most climatically vulnerable parts of the Earth, are innovating d...

The recent economic crisis re-emphasizes the importance of the economic fluctuations. This study investigates the role of shadow economy in combination with economic factors on the economic instability for 133 economies between 1991 and 2015. Using the system-GMM estimations, this paper shows that a larger shadow economy increases the fluctuations...

This article examines the influence of tourism on income inequality on a global sample. Our analysis uses various econometric techniques for panel data including 97 countries over the period 2002–2014 categorized into three subsamples: 30 low- and lower-middle-income economies (LMEs), 25 upper-middle-income economies (UMEs), and 42 high-income econ...

This study investigates the impacts of patents and financial development on economic complexity in a sample of 52 economies (including 32 high-income economies (HIEs) and 20 middle-income economies (MIEs)). Specifically, nine indices of financial development and three variables related to patents are mobilized to identify the major determinants of...

Through a data-driven analysis, namely network analysis, we investigate the relationships between all existing cryptocurrencies. Starting from the analysis of cryptocurrencies in 2013, we extend our study until July 2018 to study the interdependencies between 1636 cryptocurrencies. Our study shows that, although Bitcoin is the older and the most fa...

Using the panel data of 89 economies from 1995–2012, this study examines the major drivers of agricultural emissions while considering affluence, energy intensity, agriculture value added and economic integration. We find long-run cointegration among the variables. Furthermore, our empirical results based on a dynamic fixed effects autoregressive d...

This study examines the influences of economic complexity on natural resources rents. A global sample of 90 economies decomposed into three subsamples including 27 Low and Lower-Middle Income Economies (LMEs), 22 Upper-Middle Income Economies (UMEs), and 41 High Income Economies (HIEs) are investigated over the period 2002–2017. Our analysis deals...

This article uses panel-corrected standard errors (PCSE) estimator and dynamic fixed effects autoregressive distributed lag (DFE ARDL) estimator to examine the influence of the institutional quality and economic integration on shadow economy for a global sample of 112 economies (between 2005 and 2015). Our empirical research shows that the inward f...

This article contributes to the literature dealing with fiscal policy's drivers and the effects of the globalization on public sectors. By using the level and the volatility of the global economic policy uncertainty (EPU) and the US economic policy uncertainty, we examine the total government expenditures for a sample of 113 countries over the peri...

We have entered the Anthropocene: a new geological epoch in which human activities, led by business interests, have inexorably compromised the Earth System. The current failure to provide a comprehensive and systematic response to this transition does not result from a lack of reason but is instead the manifestation of a generalized crisis in commu...

Purpose This study aims to examine the spillover effects of trans-Atlantic macroeconomic uncertainties on the local stock market returns in the USA and eight selected European countries, namely, Germany, France, Spain, Italy, Greece, Ireland, Sweden and the UK, during the 2000-2019 period. Design/methodology/approach This paper applies the dynami...

The recent economic crisis re-emphasizes the importance of the economic fluctuations. This study investigates the role of shadow economy in combination with economic factors on the economic instability for 133 economies between 1991 and 2015. Using the system-GMM estimations, this article shows that a larger shadow economy increases the fluctuation...

This study empirically investigates the effects of crypto-currencies trading on the energy consumption as an important consequence of blockchain technology on climate change. In this article, we use the data of Bitcoin trading volume as well as all crypto-currencies trading volumes for the period going from 2014M1 to 2017M12 to investigate the effe...

Business model (BM) literature has developed considerably; however, most research takes place in large for-profit organisations in western settings, rather than small–medium enterprises with social goals. This is surprising given the drive for social innovation (SI) and alternative modes of organizing. Models for managing innovation are typically a...

The sensitivity of countries to the global macroeconomic uncertainty is directly related to the income level affecting, therefore, the demand for the outbound international tourism. Precisely, we observe that a higher economic policy uncertainty leads to more departures and more total expenditures but less expenditure per tourist – this finding is...

The enunciation of the words “All” “Ready” “Made” auditory forms the adverb “Already” that actually defines the essence of a readymade. This article presents several intertextual recontextualisations of this notion are proposed through a re-narrativization of readymade (wordy) components. This collection has no other intention that unloading the co...

This article investigates the impacts of the domestic economic policy uncertainty (EPU) and the World Uncertainty (WUI) on net foreign direct investment inflows (FDI) for 21 economies over the period 2003–2013. By using the sequential (two-stage) technique of linear panel data models, this study provides two major results. First, the growth rate of...

This article draws on the concept of sensemaking and sensegiving to examine how the failure of a project, TAURUS, influenced the successful development of an innovative security settlement system, CREST, which has shaped the computerisation of the wholesale UK financial industry. We use a historiographic interpretative approach to analyse publicly...

This article investigates the role of economic institutions and economic openness in the growth of a specific emerging economy-Vietnam. The data from Vietnamese 63 provinces in the period of 2005-2015 have been collected to examine the influences of institutional quality on the inward FDI, trade and growth. By employing the system GMM estimators, o...

The informational context is regularly questioned in a transitional economic regime like the one implemented in China or Vietnam. This article investigates this issue and the predictive power of fundamental analysis in such context and more precisely in a Chinese context with an analysis of 3 different industries (media, power, and steel). Through...

This article reviews how corporate social responsibility, in particular its environmental practices, is being mobilised in practice by companies. We discuss that the current engagement with the Anthropocene is more a marketing argument supporting a capitalist discourse, rather than an ethical approach towards business. Thus, we call for a more sust...

The study investigates the influences of FDI inflows and trade openness on CO2 emissions by using a theoretical framework composed by the STIRPAT model and the EKC hypothesis for 33 emerging economies over the period 1996-2014. Our empirical results show interesting findings. Firstly, there is strong evidence on the existence of the EKC hypothesis...

The Fama-French model offers a framework explaining the stock return variability by capturing the size, value, profitability, and investment patterns of firms; but it fails in capturing the low average returns on small stocks. This article contributes to asset pricing models by investigating the role that the volume of Google search might play as a...

Purpose The term “agent-based modelling” (ABM) is a buzzword which is widely used in the scientific literature even though it refers to a variety of methodologies implemented in different disciplinary contexts. The numerous works dealing with ABM require a clarification to better understand the lines of thinking paved by this approach in economics...

This paper seeks to ignite debate surrounding the computerization and change in organizing financial markets and, due to the emergence of trading algorithms, investigates those as disruptive innovation and its side effects. First, we frame the computerization of financial markets as disruptive innovation. Second, we analyze how an extension of a di...

Based on the STIRPAT model and the EKC hypothesis, this study provides new evidences on the economic determinants of global emissions. The system-GMM estimations are used for the sample of 106 economies in the period of 1995-2012 to investigate the influences of income level, urbanization, industrialization, energy intensity, public expenditure, tr...

This paper identifies and synthesizes information from academic journals, and examines the importance of corporate social responsibility (CSR) in supply chain management (SCM) literature. By using keywords such as “corporate social responsibility”, “corporate citizenship” and “supply chain” in the major online publishers’ database from 2006 to 2016...

By using GMM estimators for unbalanced panel data, we examine the effects of institutional quality, trade openness, and FDI flows on innovation in 84 countries for the period between 1996 and 2014. Our results show that, although the institutional quality appears as a vital driver for patent applications, the FDI flow and trade openness have differ...

This study investigates the effects of institutional quality, inward FDI, trade openness, and their interaction on the domestic credit equilibrium in 33 emerging economies between 2002 and 2015. Through two system-GMM estimators, our study shows that inward FDIs have a booming effect on the domestic credit in emerging market economies while the tra...

In this review article we present some of achievements of econophysics and sociophysics which appear to us the most significant. We briefly explain what their roles are in building of econo- and sociophysics research fields. We point to milestones of econophysics and sociophysics facing to challenges and open problems.

Quantitative approaches are not yet common among historians and methodologists of economics, although they are in the study of science by librarians, information scientists, sociologists, historians, and even economists. The main purpose of this essay is to reflect methodologically on the historiography of economics: is it witnessing a quantitative...

The CO2 emission is a very urgent theme for emerging economies that are currently producing 60% of the global emissions. Because these countries generally have a high economic growth, they usually face with environmental issues. This article investigates the relationship between the economic activity, and more precisely economic integration (trade...

Purpose How a micro-founded discipline such as economics could deal with the increasing global economic reality? This question has been asked frequently since the last economic crisis that appeared in 2008. In this challenging context, some commentators have turned their attention to a new area of knowledge coming from physics: econophysics which...

The study of stock market integration has been renewed with strong attention from the 2008 global financial crisis. This study examines the stock return comovements between each European Emerging markets (EEM) with the largest financial markets including US (S & P 500), UK (FTS100), German (DAX100), and France (CAC40), respectively. The European Em...

This essay is a double exemplification: the first is a visual one based on Goodman's theory of symbols showing that art can exemplify the delimitation of the flatness. I illustrate this claim with five achromatic paintings contrasting the materiality of the canvas with its visual elements. By emphasizing the epistemic nature of arts, this article a...

The informational context is regularly questioned in a transitional economic regime like the one implemented in China or Vietnam. This article investigates this issue and the predictive power of fundamental analysis in such context and more precisely in a Chinese context with an analysis of 3 different industries (media, power, and steel). Through...

This paper aims at discussing the unexpected influence of Financial economics on Physics. The rise of Econophysics, a fundamentally new approach in finance, suggests that the influence between the two disciplines becomes less unilateral than in the past. Methodological debates emerging in Econophysics led physicists to acknowledge that dealing with...

This article offers a contribution to the history of scientific ideas by proposing an epistemological argument supporting the assumption made by Miller whereby Niels Bohr has been influenced by cubism (Jean Metzinger) when he developed his non-intuitive complementarity principle. More specifically, this essay will identify the Bergsonian durée as t...

In the 1990s, physicists started looking beyond their disciplinary boundaries by using their methods to study various problems usually thrown up by financial economics. This dissertation deals with this extension of physics outside its disciplinary borders. It seeks to determine what sort of discipline econophysics is in relation to physics and to...

This paper proposes an elementary model describing the money circulation for a system, composed by a production system, the government, a central bank, commercial banks and their customers. A set of equations for the system determines the main features of interaction between the production and the money circulation. It is shown, that the money syst...

Social impact bonds (SIBs) are financial assets whose objective is to attract investors to fund social programs by providing them an incentive if the project meets its predefined targets. This article aimed at proposing a reflection about the development of a pricing method for this kind of financial assets in an uncertain environment. After having...

This article deals with the increasing computerization of the financial markets and the consequences of such process on our ability to collect information about financial prices. The concept of information is at the heart of financial economics simply because this notion is a precondition for all investments. Since financial prices characterize an...

F. Hayek is known as an economist and a political philosopher who provided a specific social theory based on the idea of spontaneous order. This order state comes from a process that Hayek called ‘catallaxy’ and that results from a particular phenomenon of emergence. In this context, social systems such as money, market or language are presented as...