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by a variety of tests of cointegration using time-series as well as panel data. …
Persistent link: https://www.econbiz.de/10011379988
Analyses of spatial market integration contributes to the knowledge about market efficiency and provides information to policymakers, as the spatial integration of markets contributes to competitiveness and economic development. Although the integration of agri-food markets is widely discussed...
Persistent link: https://www.econbiz.de/10012800896
We investigate non-oil sector effects of fiscal policy in Azerbaijan over a long time period in which a recent low oil prices sample is incorporated. To obtain robust empirical findings, we use different test and estimation methods as well as address small-sample bias issues in the extended...
Persistent link: https://www.econbiz.de/10011853814
The purpose of this paper is to investigate how well contemporary exchange rate theories explain fluctuations in exchange rates of emerging economies, before and after the Global Financial Crisis (GFC). As an example, the EUR/PLN exchange rate in 1999-2015 was selected as the currency pair that...
Persistent link: https://www.econbiz.de/10013499456
autoregressive distributed lag (ARDL) bounds test is used. The results show that there is a long-term relationship (cointegration …
Persistent link: https://www.econbiz.de/10014500469
cointegration method. The results reveal a significant negative relationship between imports and economic growth, while exports and …
Persistent link: https://www.econbiz.de/10014230995
used to perform a unit root test and determine the order of integration, followed by cointegration analysis to determine …
Persistent link: https://www.econbiz.de/10015071132
questions about universal benefits emerging from policy credibility and extends our understanding of political institutions …
Persistent link: https://www.econbiz.de/10014449873
central bank credibility on stock market returns' volatility. A panel regression using financial and macroeconomic data from … 45 OECD member countries over the period of 1998-2022 tested the hypothesis that central bank credibility determines … stock exchange returns' volatility. The results indicated that credibility reduces stock returns' volatility, remaining …
Persistent link: https://www.econbiz.de/10014449953
and demand shocks have a cointegration relationship with sectoral stock market returns. Third, the study explored the …
Persistent link: https://www.econbiz.de/10013164260