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Corruption undermines economic development and therefore it is one of the major factors hindering economic growth and political stability, especially in the developing countries. Studies in recent years show that countries with rich natural resources have the potential to shape corruption....
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significantly increased out-of-sample forecast performance. …
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feasible generalized least square (FGLS) estimator. As a result FGLS estimator shows comparable performance to ML estimator … the performance of FGLS-GARCH estimator is as good as that of MLE and both estimators are better than OLS and the standard …
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