This paper aims to address the issue of semiparametric efficiency for cointegration rank testing in finite-order vector autoregressive models, where the innovation distribution is considered an infinite-dimensional nuisance parameter. Our asymptotic analysis relies on Le Cam's theory of limit...

This study delves into the relationship between healthcare expenditure and economic growth in South Asian countries through a Panel ARDL analysis. Examining the data from 2003 to 2019, the study reveals intriguing insights. The long-run equation demonstrates a positive correlation between total...

This study examines the dynamic passthrough of oil price and exchange rate to inflation using a time-varying structural vector autoregressive (TVP-SVAR) model with data from 1995 M01 to 2021 M07. We accounted for 2008/2009 global financial crisis (GFC), the 2016 economic recession and the...

This study analyzes the long-run relationship between economic growth (EG) and financial development (FD) in 27 emerging countries over the period 1980 to 2018 by employing the Johansen-Fisher panel cointegration method. The study also performs the vector error correction model (VECM) to...

This paper focuses on an important empirical and methodological research question, namely possibly asymmetric and hence nonlinear cointegrating relationships between variables. It extends the Granger and Yoon (2002) method on hidden cointegration for time series data to a panel data framework....

This paper examines the relationship between green bonds and cryptocurrencies that specifically follow the Proof-of-Stake consensus mechanism. A lot has been discussed about the positive bi-directional and asymmetric relationship between green bonds and bitcoins, the most widely known...

The purpose of this paper is to investigate whether the cryptocurrency market affects the financial stability and economic growth of India. The study used time series quarterly data on bitcoin, financial stability, inflation rate, real GDP, economic volatility uncertainty, exchange rate, and...