Results 81 to 90 of about 58,428 (305)
International Journal of Finance &Economics, EarlyView.ABSTRACT This paper examines the impact of trade liberalisation on income inequality across 24 Sub‐Saharan African (SSA) countries from 2000 to 2020. Using IV‐Tobit and 2SLS models, we consistently find that greater trade openness significantly exacerbates inequality in the region. Critically, we document an inverted U‐shaped relationship between trade
Guivis Zeufack Nkemgha +2 more
wiley +1 more source
Omitted variables in cointegration analysis [PDF]
This paper investigates the effects of the omission of relevant variables from the statistical model on cointegration analysis, proposed by Johansen (1988, 1991).
Pashourtidou, Nicoletta
core
Impact of Sovereign Debt Maturity on Fiscal Sustainability
International Journal of Finance &Economics, EarlyView.ABSTRACT This study is the first to investigate the impact of the term structure of public debt on fiscal sustainability. We adopt the widely used backward‐looking measure of fiscal sustainability—fiscal responsiveness as proposed by Bohn. Using data from De Graeve and Mazzolini and focusing on a sample of 19 most developed countries, we demonstrate ...
António Afonso +3 more
wiley +1 more source
The Impacts of Economic Growth, Energy Consumption and Openness on the Environmental Quality In I. R. Iran [PDF]
Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān, 2012 Countries efforts to achieve rapid economic growth and lack of adequate attention to environmental issues in recent years have caused serious damage to the countries environment.
Mohammad Ali Motafakkerazad +1 more
doaj
Explaining Cointegration Analysis: Part II [PDF]
We describe the concept of cointegration, its implications in modelling and forecasting, and discuss inference procedures appropriate in integrated-cointegrated vector autoregressive processes (VARs).
Katarina Juselius, David F. Hendry
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Stock Price Deviations From Fundamentals Levels: Mis‐Valuation due to Investor Overconfidence?
International Journal of Finance &Economics, EarlyView.ABSTRACT We use the Residual Income Valuation Model to obtain fundamental values for sample stocks in six Eurozone markets. We then estimate the deviation between the fundamental values and actual stock prices. Subsequently, we examine whether these deviations can be systematically explained by business cycle trends, trends in local economic sentiment,
Stella N. Spilioti +1 more
wiley +1 more source
Nonlinear Adjustment Towards Purchasing Power Parity [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2002 The objective of this paper is to investigate the dynamics of adjustment to long-run purchasing power parity (PPP)in a nonlinear framework using the Iranian data over the period 1959-2000.
Mohammad Ali Moradi
doaj
Testing for Stochastic Cointegration and Evidence for Present Value Models [PDF]
Using the stochastic integration/cointegration framework of Harris, McCabe and Leybourne (2002) we revisit the problem of assessing the empirical evidence for or against the present value class of models in the bond and stock markets.
Stephen Leybourne +2 more
core
When Politics Meets Money: Geopolitical Risk and Money Demand in the US and Euro Area
International Journal of Finance &Economics, EarlyView.ABSTRACT This paper investigates the impact of geopolitical risk on real money demand in the United States and the Euro Area using Divisia monetary aggregates. To account for the potential instability of money demand and the complex nature of geopolitical shocks, we employ a comprehensive empirical framework combining linear and non‐linear ...
Anirban Sengupta +2 more
wiley +1 more source
Effect of Depreciation of the Exchange Rate on the Trade Balance of Albania
Naše Gospodarstvo, 2017 The paper investigates the effect of the real effective exchange rate depreciation of the lek on the trade balance of Albania using quarterly data from 1994 to 2015. Bounds testing cointegration approach, vector error correction model (VECM), and impulse
Kurtović Safet +2 more
doaj +1 more source