Among the various statistical trading strategies, pairs trading has been widely employed as a market neutral strategy owing to its simple approach and ease of application. In this context, we develop a cointegration-based pairs trading framework with a set of pre-conditions for pair eligibility...

Tourism is a sector of the economy that is significantly affected by fluctuations in economic and political activity and the influence of external factors. Political tensions with Russia and the Crimean issue have affected tourism revenues as well as Ukraine's economic growth. Therefore, the...

We exploit the information in the successive vintages of gross domestic expenditure (GDE) and gross domestic income (GDI) from the current comprehensive revision to obtain an improved, timely measure of U.S. aggregate output by exploiting cointegration between the different measures and taking...

Information on price transmission from crude oil to value-added fuels can disclose underlying market structures and behaviors, such as competitiveness and market power, which are relevant for developing energy outlooks and policy. Many studies have investigated price interdependences in...

The primary contribution of the current paper is to explicitly take into consideration the role of asymmetries in oil prices when studying the nexus between oil price shocks and the real exchange rates across 13 countries in three regions of Asia. To achieve this contribution, the nonlinear...

Background: This study investigates the cross-country long run relationship between suicides and macroeconomic variables (unemployment, per capita income, and inflation). It is hypothesized that while inflation level and unemployment level stimulate suicide and intentional self-harm in a...