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The dynamic spillover effects of macroeconomic and financial uncertainty on commodity markets uncertainties
Ben Haddad, Hedi; Mezghani, Imed; Gouider, Abdessalem - In: Economies : open access journal 9 (2021) 2, pp. 1-22
The present paper has two main objectives: first, to accurately estimate commodity price uncertainty; and second to analyze the uncertainty connectedness among commodity markets and the macroeconomic uncertainty, using the time-varying vector-autoregressive (TVP-VAR) model. We use eight main...
Persistent link: https://www.econbiz.de/10012548331
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Evaluating the liquidity response of South African exchange-traded funds to country risk effects
Kunjal, Damien - In: Economies : open access journal 10 (2022) 6, pp. 1-20
liquidity of financial markets may be influenced by country risk shocks through informational asymmetry, funding constraints … disaggregated country risk components on the liquidity of the South African Exchange-Traded Fund (ETF) market. The sample employed … tracking domestic benchmarks is influenced positively by all country risk components in the long run, although only political …
Persistent link: https://www.econbiz.de/10013255945
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The impact of recent economic crises on income inequality and the risk of poverty in Greece
Petrakos, George; Rontos, Kōnstantinos; Vavoura, Chara; … - In: Economies : open access journal 11 (2023) 6, pp. 1-23
one following the COVID-19 pandemic, on income inequality and the risk of poverty in Greece. To this end, we also … distribution, we show that income inequality and the risk of poverty increase with growth, implying that the benefits of growth …
Persistent link: https://www.econbiz.de/10014321081
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The impact of uncertainty on trade : the case for a small port
Noor Zahirah Mohd Sidek; Kiranantawat, Bhuk; … - In: Economies : open access journal 10 (2022) 8, pp. 1-18
In the present paper, we show how uncertainty emanating from fluctuations in economic uncertainty, news-based uncertainty, and geopolitical risks affect the number of containers exported from Thailand via Penang Port, Malaysia. Our sample extends from January 2009 to May 2020 from three main...
Persistent link: https://www.econbiz.de/10013338966
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A thoughtful insight on women entrepreneur's investment attitude
Hussain, Batool Muhammad; Baig, Umair; Davidaviciene, Vida - In: Economies : open access journal 9 (2021) 4, pp. 1-9
without being discouraged by society. Moreover, focusing risk-taking attributes to set an example for those who do not come …
Persistent link: https://www.econbiz.de/10012800081
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Prices and taxes in a Ramsey climate policy model under heterogeneous beliefs and ambiguity
Von zur Mühlen, Peter - In: Economies : open access journal 10 (2022) 10, pp. 1-56
In a Ramsey policy regime, heterogeneity in beliefs about the potential costs of climate change is shown to produce policy ambiguities that alter carbon prices and taxation. Three sources of ambiguity are considered: (i) the private sector is skeptical, with beliefs that are unknown to the...
Persistent link: https://www.econbiz.de/10013498952
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Do energy prices put the tourism sector at risk?
Poutakidou, Georgia; Menegaki, Angeliki N. - In: Economies : open access journal 11 (2023) 7, pp. 1-17
This paper studies the effect of a shock in the hospitality sector, namely the energy price increase, with stated preference methods and performs the subsequent analysis with a mixture of quantitative and qualitative tools. The hospitality sector is very important and is the backbone of the...
Persistent link: https://www.econbiz.de/10014322972
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Stochastic dominance and Omega ratio : measures to examine market efficiency, arbitrage opportunity, and anomaly
Guo, Xu; Jiang, Xuejun; Wong, Wing Keung - In: Economies : open access journal 5 (2017) 4, pp. 1-16
-order risk-seeking SD (RSD) alone for any two prospects is not sufficient to imply Omega ratio dominance insofar that the Omega … ratio of one asset is always greater than that of the other one. We extend the theory of risk measures by proving that the …
Persistent link: https://www.econbiz.de/10011772356
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Changes in natural disaster risk : macroeconomic responses in selected Latin American countries
Isoré, Marlène - In: Economies : open access journal 6 (2018) 1, pp. 1-12
This paper studies the theoretical effects of changes in disaster risk on macroeconomic variables in five Latin … American economies. It compares country-specific variants of the New Keynesian model with disaster risk developed by Isoré and … less vulnerable to disaster risk shocks, as compared to Chile and Colombia in particular. Overall, the analysis suggests …
Persistent link: https://www.econbiz.de/10011853521
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Inflation and inflation uncertainty revisited : evidence from Egypt
Sharaf, Mesbah Fathy - In: Economies : open access journal 3 (2015) 3, pp. 128-146
The welfare costs of inflation and inflation uncertainty are well documented in the literature and empirical evidence on the link between the two is sparse in the case of Egypt. This paper investigates the causal relationship between inflation and inflation uncertainty in Egypt using monthly...
Persistent link: https://www.econbiz.de/10011379937