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The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
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range of countries at different stages of economic development. The empirical results from threshold estimation identify two …. The results from panel threshold regression show that there exists a positive and significant relationship between …
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economic development in 159 countries over the period 1989-2008. The results from panel threshold regressions show a positive … relationship between economic growth and tourism. Instrumental variable estimation of a threshold regression is used to quantify …
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Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of …
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This paper features an analysis of the cointegration relationships among agricultural commodity, ethanol and Cushing … cointegration and Markov-switching VECM and Impulse Response Analysis, confirms that these markets have significant linkages which …
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