We estimate vector autoregressive models to examine the effect of the 3 to 6 per cent inflation target band in the inflation and income inequality nexus in South Africa. We use quarterly data spanning 1993Q1 to 2016Q3 to analyse how growth in income inequality responds to positive inflation...

The research employs Bayesian Vector Autoregressions with hierarchical priors to analyze the intricate economic implications of fiscal policy shocks on inflation, monetary policy, and fiscal authorities in the context of South Africa. The study explores data spanning from 1979 to 2022. Contrary...

Based on the panel data of China's listed companies from 2009 to 2020, this paper examines the relationship between multi-dimensional competition among local governments and corporate green innovation. It also investigates the influencing mechanism of performance pressures in this relationship....

In sub-Saharan African countries, firms are suffering from frequent, long-lasting and random power outage, which makes planning and production activities difficult. Thus, understanding a firm's cost associated with unreliable power supply is crucial for policymakers and potential investors in...

This study investigates the relationship between peer effects and corporate capital structure with the intervening effect of industry concentration. The methodology involves instrumental variable approach in the regression results from OLS and two-stage least squares (2SLS) with fixed effects....

The purpose of this paper is to estimate the relationship among a primary set of economic variables, including two types of monetary aggregates: simple sum M2 and credit-card-augmented Divisia inside money services. The importance of that comparison has grown as the use of credit cards in...

We investigate the concept of endogenous information leadership within the financial market. Prior to coordinating their investments, investors establish a star network at a certain cost. The central node of this star network functions as an information leader, collecting and sharing information...

The study examines the long and short-run impact of different explanatory variables on manufacturing development the time span from 1996 to 2021. The results indicated that economic freedom, FDI inflows, financial development, political instability, corruption control, government effectiveness,...

Over the years, climate and economic policy uncertainties have become critical considerations that shape public attitudes. They have the potential to impact people's perceptions of financial stability, ecosystem integrity, and environmental sustainability. This paper aims to provide evidence on...

We study the statistical relationship between the world business cycle and the global temperature cycle. To amplify the signal-to-noise ratio, we estimate a two-state latent dynamic process from the original data using the endogenous regime-switching methodology. Subsequently, we apply a...