The tourism industry is highly susceptible to global economic fluctuations and uncertainties. Understanding the asymmetric effects of macroeconomic factors on tourism demand is crucial for developing effective policies and strategies in the sector. This study examines the asymmetric impacts of...

This note puts forward a new modelling approach that includes both fractional integration and autoregressive processes in a unified framework. The proposed model is very general and includes other more standard approaches such as the AR(F)IMA models. Some Monte Carlo evidence shows that the...

The empirical migration literature often identifies the labor market effects of immigration using exogenous variation of migration concentration across sectors. However, this approach differences out macroeconomic effects which occur in all sectors. We apply macroeconomic time series methods to...

Using panel data spanning 2004-2023 of 21 countries in the MENA (Middle East and North Africa) region, we measure systemic risk and assess its influence on key banking sector performance indicators, including financial stability (proxied by commercial bank branches per 100,000 adults), providing...

Impulse response functions (IRFs) are crucial for analyzing the dynamic interactions of macroeconomic variables in vector autoregressive (VAR) models. However, traditional IRF estimation methods often have limitations with assumptions on variable ordering and restrictive identification...

The empirical migration literature often identifies the labor market effects of immi- gration using exogenous variation of migration concentration across sectors or regions. However, this approach differences out macroeconomic effects which occur in all sec- tors. In this paper we apply...