This paper studies the robust estimation and inference of threshold models with integrated regressors. We derive the asymptotic distribution of the profiled least squares (LS) estimator under the diminishing threshold effect assumption that the size of the threshold effect converges to zero....

This paper is saddled with the task of investigating the Bitcoin market behaviour in the presence of a government risk. This is because both the institutional and retail investors' interests in the Bitcoin market is growing rapidly. Conversely, the seemingly unregulated nature of this market is...

This paper utilizes the Computable General Equilibrium (CGE) model to capture the labour productivity of workers and establishes the optimal wage rate and incentive level that maximizes labour productivity for the firm. Overtime, the household accepts these wage rates and incentives from the...