A popular approach to perform inference on a target parameter in the presence of nuisance parameters is to construct estimating equations that are orthogonal to the nuisance parameters, in the sense that their expected first derivative is zero. Such first-order orthogonalization may, however,...

This paper examines how expecting to receive an inheritance impacts household savings decisions. Life-cycle consumption models indicate that the expectation of inheriting should reduce current savings plans for forward-thinking consumers. We investigate how inheritance expectations shape savings...

Higher levels of quota granted can induce and increase exports, but the impact is not the same across all tariff lines. Answers are sought to the question of how the level of exports changes as the quota size of tariff rate quotas changes, thus enabling the investigation of whether unilateral...

The direction of the relationship between economic growth and income (social) inequality remains an open area of research, with theoretical models suggesting the possibility of positive or negative covariations. This study contributes to the debate by examining the case of Mexico, a country...

This study employs spatial econometric techniques to examine the heterogeneous effects of foreign direct investment (FDI) on industrialization across China's four major regions - East, Central, West, and Northeast - using panel data from 31 provinces (1998-2016). Our findings reveal significant...

Examining the economies of the European Union from 2000 to 2023, we have found no strong evidence that the inflation rate has a negative impact on economic growth. In contrast, in line with conventional economic theory, higher interest rates are associated with lower economic growth. The results...

The impact of exchange rates is a significant concern affecting trade in the SADC region. This study's purpose is to assess the threshold effects of exchange rates on agricultural exports from SA to SADC from 2010 to 2022. A panel threshold estimation technique is applied to assess the exchange...

While there is a large body of literature on oil uncertainty-equity prices and/or returns nexus, an associated important question of how oil market uncertainty affects stock market bubbles remains unanswered. In this paper, we first use the Multi-Scale Log-Periodic Power Law Singularity...

Identifying at-risk populations is essential for designing effective energy poverty interventions. Using data from the HILDA Survey, a longitudinal dataset representative of the Australian population, and a multidimensional index of energy poverty, we develop a machine learning model combined...

This study aims to analyze the long-run effects of fiscal consolidation on economic activity in the Economic and Monetary Community of Central Africa (CEMAC), a grouping of six countries (Cameroon, Congo, Gabon, Equatorial Guinea, the Central African Republic, and Chad) forming a monetary union....

This paper assesses the impact of the regulatory environment on the new business creation in 45 Least Developed Countries (LDC) using a panel data from 2000 to 2021. Empirical evidence, derived from a fixed effects (FE) model, indicates a strong relationship between business regulation and new...

Although development intervention programs can have far-reaching impacts beyond their stated objective, there have been few careful studies of unintended outcomes of such programs. This study assesses the role of Ethiopia’s Productive Safety Net Program (PSNP) on household size and dependency...

In this paper, we estimate the effect of temperature on the economic activity of Mexico using 42 years of quarterly panel data on economic growth at the state level. Our findings reveal a concave relationship between quarterly economic growth and quarterly average temperature that is maximized...

Trying to meet unlimited human needs with limited resources causes production activities to deplete or pollute natural resources. Ensuring the sustainability of natural resources and the environment is essential to leaving a livable world for future generations. The concept of sustainable...