Author Archives: itnnov

Food Shortages, Should We Be Worried?

According to the United Nations’ Food and Agriculture Organization (FAO), more than 800 million people, or 9.8% of the world population were affected by hunger in 2021 – 46 million more than in 2020, and 150 million more than in 2019. Today, more people are hungry than at any point in human history. And although […]

Cost of Living Crisis and Role of Improving Trade Flows

Many of us are living through the ‘cost of living’ crisis. This term refers to the fall in ‘real’ disposable income, adjusted for inflation and after taxes and benefits. Simply put, it means less money available for people to spend or save.  What are the causes of this situation and how does it impact companies […]

How Data Scraping Can Benefit Analysis Forecasts

We live in the information age. Information is vital for everyone in modern society – CEOs, entrepreneurs, financial analysts, marketers, journalists, students and professors.   You can get information from a vast amount of data. And the best way to obtain a significant amount of data from the web, is data scraping.  In this post, we […]

How to Manage Cultural Differences When Exporting to Other Countries

The world has indeed turned into a global market. This change has affected all aspects of life and opened up limitless business opportunities. Yet, globalisation and international, trans-border trade also bring numerous challenges arising from different languages and cultures. What Is Culture In the Context of International Trade?  Culture is a complex phenomenon, functioning on […]

Energy Reserves in the Balkans and Central Europe – Can We Survive the Winter?

EU leaders scramble to maintain their energy supplies as the continent faces a deepening energy crisis. The Balkans and Central Europe are some of the most affected regions. Their sensitivity to the energy crisis results from heavy dependence on outdated energy sources, lack of diversification, and record high energy imports.  Energy Sources in the Balkans […]

European Energy Trade – Energy Crisis

We are witnessing unprecedented times in which we are exposed to astronomical energy prices and market volatility. According to the head of the International Energy Agency (IEA), the world is in the middle of “the first truly global energy crisis”.  A perfect storm of events and circumstances has led us here. In this post we […]

Fire Safety Regulations After Brexit

Post-Brexit changes have affected all aspects of society, industries, and businesses across the UK. Fire safety regulations are one of the major areas of concern.  The UK’s newfound legislative independence has opened many questions. Have any fire safety rules changed? Do any of the current fire safety standards need to be amended since EU standards […]

Economics in Tech Companies

Have you heard that companies like Google, Facebook, Microsoft Airbnb, and Uber have all hired many Ph.D. economists? Economists have worked for decades on the design of markets and incentives, and today this work thanks to the internet, has got new applications in the digital economy! Let’s see the five main areas where economists can support […]

How can an empirical economists use machine learning

How can an empirical economists use machine learning

As empirical economists, how can we get the maximum from machines? We know that they do the work. Facebook offers ads, articles according to your interests, Siri understands voices, and Google translates everything. Doing these ‘intelligent” things is statistical and computational. Tackling empirically the tasks made it all possible. Let’s see how we can use […]