This paper aims to analyze changes in the long-term and short-term oil price elasticities of the real ruble exchange rate, as well as the speed of convergence of the exchange rate to a long-term equilibrium. The analysis is conducted using an error correction model with time-varying parameters....

Background According to many studies, the transmission of oil prices to retail fuel prices is asymmetric. Fuel prices react faster if oil prices rise and more slowly if oil prices fall. Different standard econometric procedures lead to different results. The Linex approach, which is based on...

Our study deals with interest rate pass-through for household and corporate deposits in the Central and Eastern European (CEE) region, focusing on the tightening cycle starting in the middle of 2021. This period is of particular interest for interest rate pass-through, as the sharp hikes by...

The paper estimates the degree of integration of plantain prices in three selected markets to assess the efficiency of the plantain marketing system in mid Ghana. The selected markets are Techiman in Bono East Region, Kenyasi and Duayaw Nkwanta markets both in Ahafo Region of Ghana. The spatial...

International trade has created more economic growth opportunities in the agriculture sector. The agricultural sector remains key to the South African economy, with a vibrant international market becoming available as the country's agriculture exports grow. However, the impacts of human-caused...

According to many studies, the transmission of oil prices to retail fuel prices is asymmetric. Fuel prices react faster if oil prices rise and more slowly if oil prices fall. We use the simple and dynamic asymmetry models, error correction models, threshold autoregressive cointegration, and an...

Financial stability is one of the main factors for a country's economic sustainability nowadays. Financial instability has adverse effects on the economy which can lead to the financial crisis. This research tries to answer how monetary policy related to Indonesian financial stability in the...

Maintaining human capital at an optimal level is among the important mechanisms for ensuring steady economic growth. This study aims to examine the impact of human capital on Ethiopia's economic growth. The study used the ARDL model applying annual data for the period 1980 to 2020. The...

We analyze the impact of negative reference rates on the interest rate behavior of more than 500 Austrian banks from 2009Q1 to 2021Q4. Using panel vector error correction analysis with the Engle-Granger procedure in two steps, we establish a cointegration vector that links bank-specific lending...

In the early 1980s, Turkey took steps towards financial liberalization. Accordingly, policymakers have implemented policies for the development of the financial system. Since then, developments in the banking sector have driven economic growth and met the private sector's demand for funds. The...

The aim of this study is to explore and investigate empirically the impact of Covid-19 pandemic on price and volume dynamics in crypto markets. The study makes use of two data samples, but these samples are analyzed separately and independently. The first sample consists of top five crypto...

The tourism industry is highly susceptible to global economic fluctuations and uncertainties. Understanding the asymmetric effects of macroeconomic factors on tourism demand is crucial for developing effective policies and strategies in the sector. This study examines the asymmetric impacts of...

We examine the effects of debt distribution characteristics, specifically skewness and maturity concentration, on sovereign yields across OECD countries over the period 1995Q1 to 2020Q4. After computing specific Lorenz curves and Gini coefficients, we find that positive skewness generally exerts...

The study aims to analyze the economic effects of population ageing in Japan, Spain, Italy, the United States, South Korea, Germany, France, the United Kingdom, and Canada using the panel ARDL (Autoregressive Distributed Lag) model. GDP per capita was adopted as the dependent variable, while the...

This paper investigates whether trade frictions, in the form of exchange controls, are among the main obstacles preventing the Purchasing Power Parity (PPP) hypothesis from being valid among trading nations. It specifically looks at whether exchange controls - a type of trade friction - hinder...

This paper examines the dynamic relationship between economic indicators, law enforcement mechanisms, and property-related crimes in Mongolia using a time-series econometric approach. Relying on the theoretical frameworks of Becker’s economic model of crime and Cantor and Land’s...

This study offers insight into the multifaceted relationship between economic policy uncertainty, foreign direct investment, and financial development. It analyzes the effects of economic policy uncertainty and financial development on foreign direct investment (FDI) inflows, using a sample of...

Occupational mobility and its relation with economic fundamentals is obscured by mistakes when assigning occupational codes. We correct ("de-garble") occupation patterns, using the heterogeneous probabilities with which a worker in a certain occupation appears as working in another. This leads...

This study examines the dynamic relationship between Gross Domestic Product (GDP), Foreign Direct Investment (FDI), renewable energy consumption, trade openness, and open innovation in the United States using the Autoregressive Distributed Lag (ARDL) methodology. The analysis covers annual data...

This study analyses the intricate connection between tourism and economic growth, emphasising significant gaps in existing literature. The study utilises a comprehensive framework encompassing tourism-led economic growth (TLEG) and economy-driven tourism growth (EDTG), highlighting the...

In the aftermath of global financial crises and amid increasing complexity in banking operations, understanding and managing various types of risk - especially liquidity, credit, and solvency risks - has become a global concern for financial stability. This study addresses a critical gap in the...

Objective: To examine the impact of geopolitical risk on military spending in Poland in the years 1993-2022. Research Design & Methods: Autoregressive distributed lags, error correction, and Granger causality test were used. Findings: Polish budgetary spending on defence is influenced by...

The relationship between trade openness and economic performance has been widely debated and researched during the last several decades. However, the specific influence of trade openness from the perspective of controlling the inflation rate is rarely researched specifically for the Kingdom of...

This study analyzed the impact of monetary policy on unemployment in Ghana. In addition, the direction of causality among the monetary policy rate, the growth of the money supply and unemployment was performed. We used the vector error correction model and annual data from 1991 to 2020. The...

This study examines the interactions among the oil price, Government expenditure, money supply, real effective exchange rate, and Gross Domestic Product (GDP) across Malaysia's finance, retail and wholesale, manufacturing, agriculture and overall sectors by using a Structural Vector...