The present paper contributes in existing economic literature by investigating the validation of the Keynesian Absolute Income hypothesis in Pakistan by applying the ARDL approach to cointegration. The findings of this paper indicate the validation of the Keynesian absolute income hypothesis in...

This paper contributes to the literature by exploring the relationship between financial development, economic growth and trade openness in case of Bangladesh over the period 1975Q1-2011Q4. The ARDL bounds testing approach to cointegtaion and the innovative accounting approach for causality are...

This paper contributes to literature by investigating the relationship between energy utilization and output per capita in France using asymmetric causality test over the period 1960-2011. Our approach is based on bootstrap simulation method combined with leveraged corrections that provide...

This paper uses panel data from 271 U.S. firms to empirically examine the relationship between the departure of a firm’s CEO and that firm’s performance. Results of our analysis reveal a significant relationship between CEO departure type and firm performance. Specifically, we...

In this paper, we aim to investigate whether investor following is a determinant of the stock

This paper examines the dynamic relationship between natural gas consumption and economic growth in Pakistan using a multivariate model by including capital and labor as control variables for the period between 1972QI and 2011QIV. The results of the ARDL bounds testing indicate the presence of...

Water deficiency is a major concern in several arid and semi-arid countries, affecting public utilities, sustainable development, and economic welfare. This paper aims to empirically investigate the structure of water demand in residential, industrial, and tourism sectors in Tunisia by using...

This article contributes to the literature on stock market integration by developing and estimating a capital asset pricing model with segmentation effects in order to assess stock market segmentation and its effects on risk premia at the regional level.

The aim of this paper is to study the influence of investor attention on the French stock market activity and volatility. Following an original way, we construct a non-standard proxy of investor attention on the basis of investors' online search behavior exclusively provided by “Google...

Despite the increasing attention to ethical investments, the empirical studies on Islamic indices are scarce. The main goal of this article is to investigate whether Dow Jones Islamic index 100 titans (DJI100) delivers persistent performance. Using the Carhart (1997) four-factor model, we...