This paper examines whether renewable energy has an asymmetric or symmetric impact on economic growth in Namibia for the period 1990 to 2020. The study was motivated by the growing importance of renewable energy in the economic growth process of many economies. Further, knowing whether this...

Somalia has been a stateless nation for over two decades, where government institutions have been destroyed and malfunctioned, including the central bank. Consequently, this ruled out the control and regulation of the money supply and exchange rate by the central bank. This study investigates...

This study examines the effect and role of total factor productivity with other major determinants on economic growth in the Sub-Saharan Africa(SSA).It employs the data obtained from the World Bank Development Indicators spanning from 1990 to 2022 using panel ARDL, GMM and their extended...

It is well established that financial development and innovation promote economic growth through improving the allocation of capital, enhancing risk management, contributing to price discovery, and increasing market efficiencies. While a vast empirical literature is devoted to the nexus between...

In this paper, tests for fractional cointegration that allow for structural breaks in the long-run equilibrium are proposed. Traditional cointegration tests cannot handle shifts in fractional cointegration relationships, a limitation addressed here by allowing for a time-dependent memory...

The relationship between macroeconomic factors and stock market liquidity is known but not the same can be said of macroeconomic factors and VC market liquidity. This study investigates whether there is a cointegration between macroeconomic factors and VC market liquidity and examines how...