model. We show that this result hinges on a cointegrating relationship between TFP and stock prices that is not stationary …, thus making the estimates not reliable. If we alter the TFP measure and change the model specification, we can recover the …

This study examines the response of foreign direct investment (FDI) to asymmetric changes in stock returns in Nigeria … of FDI using a nonlinear ARDL modelling framework. By controlling for exchange rate and output size, evidence of … asymmetric response of FDI to stock market returns in Nigeria could not be denied. Hence, sustainable development in Nigeria …

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 …

output gap shows evidence of cointegration in the DJIA and S&P 500 index data. Nonetheless, a sup augmented Dickey …