Thebuho, Winnie; Opperman, Pieter; Steenkamp, Lee-Ann - In: Cogent economics & finance 10 (2022) 1, pp. 1-26
relationship and symmetric effects of the long-run and short-run coefficients. The asymmetry was determined by decomposing … financial development into positive and negative components, employing the non-linear ARDL (NARDL) method. The results reveal …