In this study, we use data from the World Bank Global Findex database for 2021 to investigate both voluntary and involuntary reasons for financial exclusion in an era of increasing digitalisation. Our analysis reveals that socio-demographic characteristics play a significant role in determining...

This study introduces a novel composite approach to nonlinear inflation dynamics in identifying historical inflation patterns and forecasting future regime shifts. Assuming inflation's responsiveness to its determinants varies across inflation regimes and that inflation shock magnitude shapes...

This study explores the impact of competition on innovation in Vietnam, using a probit model with a binary dependent variable to measure product innovation outcomes. The competition variable is calculated using the adjusted Herfindahl-Hirschman Index. The study uses data from the 2021 enterprise...

The key assumption of normally distributed error terms is usually not tested in empirical practice when using ordered probit models. Therefore, an artificial regression version of the LM test against the class of Pearson distributions is derived that can be implemented more easily than the...

Patriarchal attitudes persistently constrain women's employment outcomes in Turkey. This study investigates individual-level determinants of preferences for employment patriarchy using the World Values Survey (WVS) Wave 7 data for the Turkish case. An ordered probit model is utilized to quantify...

The primary industry in Ethiopia that makes a significant contribution to economic growth is still agriculture. Despite making a considerable contribution to livelihoods, the sector continues to encounter difficulties since soil degradation and resource depletion have decreased crop and...

Market participation is both a cause and a consequence of economic development. Markets offer households the opportunity to specialize according to comparative advantage and thereby enjoy welfare gains from trade. The current literature on product marketing in Ghana is inadequate for designing...