Showing 1 - 10 of 19
This paper examines both the linear and nonlinear causal relationships between crude oil price changes and stock market returns for the United States. In particular, the study applied a battery of unit root tests to ascertain the time series properties of crude oil price changes and stock market...
Persistent link: https://www.econbiz.de/10010289389
(e.g., via limit cycles/chaos). A popular approach to solving nonlinear models is perturbation methods. I show that, as … typically implemented, these methods are incapable of finding solutions featuring limit cycles or chaos. Fundamentally …
Persistent link: https://www.econbiz.de/10013189757
This paper investigates chaos in a Nigerian mutual fund, Asset and Resource Management Company Limited (ARM) for a …
Persistent link: https://www.econbiz.de/10011482594
This research explores five barriers, acting as obstacles to chaos in terms of policy (A), economic (B), social (C … state of the systems is then presented, the element that generates the mathematical equation specific to chaos, the block … through its components and for different economic partners, the state of chaos is explained by means of a structure with …
Persistent link: https://www.econbiz.de/10014496793
We examine the relationship between child quantity and quality. Motivated by the theoretical ambiguity regarding the sign of the marginal effects of additional siblings on children's outcomes, our empirical model allows for an unrestricted relationship between family size and child outcomes. We...
Persistent link: https://www.econbiz.de/10011599697
This study explores the empirical validity of the purchasing power parity (PPP) hypothesis between Turkey and its four major trading partners, the European Union, Russia, China and the US. Accounting for the nonlinear nature of real exchange rates, we employ a battery of recently developed...
Persistent link: https://www.econbiz.de/10012217553
Mean-reversion in unprocessed food prices and beef prices towards the long-run trend is examined for twenty-two European countries, using linear and nonlinear unit root tests. As the argument goes, food prices might display short-term deviations from their long-run values due to disturbances...
Persistent link: https://www.econbiz.de/10012217575
nonlinearity and instantaneous breaks proposed in Furuoka (2017), are used in investigating the convergence of each pair of a West …
Persistent link: https://www.econbiz.de/10012600280
A new comprehensive approach to nonlinear time series analysis and modeling is developed in the present paper. We introduce novel data-specific mid-distribution-based Legendre Polynomial (LP)-like nonlinear transformations of the original time series {Y(t)} that enable us to adapt all the...
Persistent link: https://www.econbiz.de/10012611033
We empirically investigate the impact of capital structure on bank profitability using a quantile regression method in the Vietnamese banking system during 2007-2019. Our results suggest that the nonlinear relationship between capitalization and bank profitability is only significant at the 90th...
Persistent link: https://www.econbiz.de/10012611404