This paper is aimed to examine the Ethiopian economy using linear symmetric autoregressive distributed lags (ARDL) and non-linear ARDL models over the period 1981-2020. The empirical findings indicate that asymmetric non-linear ARDL model as robust results reveal that there is a unidirectional...

The research work presented is an endeavor establish relationship between spot rate data of USDINR & Currency Future rate USDINR data of MCX. The daily closing data has been collected from RBI website and MCX website to conduct the research work presented. The data has been checked for...

This paper investigates whether gold and silver can be considered safe havens by examining their long-run linkages with 22 stock price indices. More specifically, the stochastic properties of the differential between gold/silver prices and 22 stock indices are analysed applying fractional...

This paper is an innovative attempt to empirically investigate the determinants of crude oil prices. The main objective is to distinguish between short- and long-term effects of some covariates on oil prices. The autoregressive distributed lag (ARDL) approach is applied to daily series spanning...

Traditional assets, like stocks and bonds, are mostly found to be highly influenced by uncertainties, and cause distress for investors most of the time, consequently investors look for safe investment options that can provide diversification benefits to cope with uncertainties. So, current...

While several studies have investigated the linear effect of lending rate on economic growth, the asymmetrical effect of lending rate on economic growth has received far less attention in the economic literature. To contribute to literature, this paper uses yearly time series data covering the...

A consensus in the growth literature is that scale effects of R&D are non-existent across mature industrialized economies. However, the scrutiny across emerging economies is lacklustre at best. The empirical studies of scale effects also leave the issues of unbalanced regression (non-standard...

This paper estimates disaggregated import demand function for Nigeria using annual data from 1970 to 2019. The study employs the Zivot-Andrews unit root and Gregory-Hansen cointegration tests to account for the role of structural breaks and the error correction mechanism for shortrun analysis,...