During the past two decades, financial markets across the globe have experienced sporadic waves of crashes. Such waves raise concerns about the vulnerability of global financial markets and the transmission mechanisms of shocks beyond borders. The current study examines the co-movement of stock...

Many economies in Sub-Saharan Africa have been dealing with cyclical and macroeconomic problems for a long time. These issues include fluctuating growth, high inflation, unstable exchange rates, etc., all of which are a result of changes in the price of commodities. The COVID-19 and...

This study examines the relationship between healthcare expenditure and disposable income in the 50 US states over the period 1966-2009 using fractional integration and cointegration techniques. The degree of integration and nonlinearity of both series are found to vary considerably across...