In addressing the issue of short-run heterogeneity as well as long-run homogeneity of the estimated coefficients in a panel framework, the Pooled Mean Group (PMG) estimator (Pesaran et al., 1999) has gained popularity in applied research in economics and business recently. This estimation method...

The primary purpose of this article is to conduct the Fourier Nonlinear Unit Root Test to check Purchasing Power Parity (PPP) for seven cryptocurrencies traded in seventeen countries from 2010 to 2021. The unit root test provides moderate support to the PPP hypothesis when we use each...

NSU is going to celebrate her recent success in THE ranking 2023. Many of you might be interested in exploring the underlying reasons for successful private-sector higher education in Bangladesh. This recently published research paper may give you some thoughts based on recent research funded by...

Autoregressive Distributed Lag Model (ARDL) even though distinguishes between the short run and the long run effect allows both the intercepts and slopes to vary across countries. On the other hand, the static panel estimation such as fixed-effects estimation (FE) cannot distinguish between the...

The scope of this work is to explore whether RCEP would be beneficial to Bangladesh given her strong ties with India and the west.Using extended Gravity equation and data from Head and Mayer (2021) and the Direction of Trade Statistic (IMF, 2021) for Bangladesh with her applicable partner...

Previous research that investigated the relationship between the black market and the official exchange rate employed cointegration analysis to establish the long-run relationship and Granger causality to detect the short-run causality between the two rates (for a small number of countries). In...

In a recent article, with a strong theoretical argument but poor empiricalsupport, military spending was identified to be a determinant of realexchange rate or a factor causing the PPP to deviate from equilibriumexchange rate. The poor empirical results were mostly due to a small numberof...

Till date, few studies have attempted to study the impact of political risk on the purchasing power disparity, The studies conducted thus far have been restricted in terms of the political risk components used, countries examined and time span. We add to the existing literature by being the...