In the present study, we propose a simple test approach based on the work of Breitung and Candelon (2006), which allows us to test for asymmetric predictability at a pre-specified frequency. The test approach can also be used to test for causality in cointegrated systems, as illustrated by...

Public employment in India is often viewed as a source of job security. Hence, public employment seems to propel human security in India away from poverty and social exclusion. In the recent work, a significant attention has been accorded to understand how globalisation has impacted on job...

The tendency for nations to move toward implementing independent and conservative central bankers has gained momentum over the past two decades. This trend continues despite the fact that the benefits of central bank independence (CBI) are highly contested among economists. The ability of a...

We investigate the asymmetric impacts of the COVID-19 infodemic, announcements of government interventions, and the equity market volatility (fear gauge) on the US weekly economic activity index (WEI) during COVID-19 by segregating the ‘good news’ from the ‘bad news.’ We apply the NARDL...

Economic and financial integration (hereafter, economic integration) among economies has been a fertile area of research. Yet, what we argue is that economic integration needs new thoughts to adequately model the recent challenges to the global economy by developing a new index/measure of...

Violent conflicts have become one of the major concerns of modern nation states. Regardless of their political, social, and economic conjunctures, nations are increasingly exposed to the risk of conflicts. Conflicts are generally categorized as “major” and “minor” based on the level of...

An important issue in the study of economic development is that it examines how participatory democracy influences the efficiency and the equity associated with the utilisation of economic resources. The main research agenda in this context pivots on the question of whether and to what extent...

The main thesis of the chapter is to introduce a new idea to the field of peace negotiations, which will require the development of a new model of negotiations to enforce peace. The existing models of peace negotiations highlight the existence of a positive peace dividend to parties involved in...

The fundamental idea that we seek to establish in this chapter is that the establishment of regional or local, peace calls forth global peace. In other words, our argument is that local and regional conflicts are partly driven by global factors, especially what is commonly known as international...

In recent years, economics has turned its serious attention to the explaining of conflicts and a peaceful resolution of conflicts. Some interesting and powerful microeconomic models have been developed, yet it seems there are gaps that motivate the current research. As our discussion shows...