Macroeconomic research often relies on structural vector autoregressions, (S)VARs, to uncover empirical regularities. Critics argue the method goes awry due to lag truncation: short lag-lengths imply a poor approximation to important data-generating processes (e.g. DSGE-models). Empirically,...

The tourism industry is highly susceptible to global economic fluctuations and uncertainties. Understanding the asymmetric effects of macroeconomic factors on tourism demand is crucial for developing effective policies and strategies in the sector. This study examines the asymmetric impacts of...

Industrialization represents a key policy option for sustainable economic growth, and governments must pursue structural transformation. The Ethiopian government has been designing and implementing different industrialization policies to achieve the desired structural transformation of the...

This study considers the short-term lead-lag relationships between profits, private investment, and output. The interplay between the variables is examined using quarterly data for Germany during the 1991Q2-2020Q3 period. The methodology comprises: examination of the cross-correlations; the...