This article examines long-run relationships and short-run dynamic causal linkages among the five largest emerging African stock markets and the US market, with particular attention to the 1997-1998 global emerging market crisis. In general, interdependence between the African markets and the...

We apply directed graphs to an empirical analysis of traffic occupant fatalities based on a model by Crandall. In this paper, we use Crandall's data on US traffic fatalities for the period 1947-81 and extend the sample to include 1982-93. Based on the 1947-81 annual data, directed graph...

This study investigates the relationship between consumer debt and aggregate economic activity based on time series methods and directed acyclic graphs (DAG). Quarterly US data, measured over the period 1980 to 2003, on consumer debt, gross domestic product (GDP), interest rates, housing starts,...

This study examines the long-run information role of open interest in futures markets. It is found that open interest of the futures markets for storable commodities shares the same long-run information as the futures prices, but not for the nonstorable futures markets. Furthermore, the futures...