Innovation is essential for promoting long-term growth in middle-income countries (MICs). Amid growing remittance inflows, understanding how these financial transfers influence innovation outcomes has become increasingly important; however, the prevailing literature overlooks the impact of...

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...

Macroeconomic research often relies on structural vector autoregressions, (S)VARs, to uncover empirical regularities. Critics argue the method goes awry due to lag truncation: short lag-lengths imply a poor approximation to important data-generating processes (e.g. DSGE-models). Empirically,...

The autoregressive distributed lag bounds t-test and F-test for a long-run relationship that allows level variables to be either I(1) or I(0) is widely used in the literature. However, a long-run levels relationship cannot be detected when the dependent variable is I0, because both tests will...