Purpose: In this paper, the volatility of Croatian stock market index CROBEX is investigated using GARCH(1,1) model. Methodology: The novelty provided by paper estimation model three conditional error distributions (normal (Gaussian) distribution, Student’s-distribution with fixed degrees freedom and generalized distribution (GED) parameters). Results: findings obtained in research are line pre...

This study investigates factors affecting tourism demands in Selected OIC Countries for the period of 2004 to 2016. The economic variables used in this study are tourist receipts, GDP per capita, real exchange rate, population, Trade openness and Consumer Price Index. GLS method is applied in the research model in order to investigate the relationship between tourist receipts, GDP per capita, r...

This paper seeks to explore differences in economic freedom among EU center and periphery countries. We use a sample of the 27 current member states during 2015-2019 period we employ Mann-Whitney test, which yields statistically significant robust results on disparity Size Government Legal System & Property Rights less Regulation countries seem be closer Overall score, Sound Money, Freedom ...

We have shown recently that the gravity field phenomena can be described by a traceless part of the wave-type field equation. This is an essentially non-Einsteinian gravity model. It has an exact sphericallysymmetric static solution, that yields to the Yilmaz-Rosen metric. This metric is very close to the Schwarzchild metric. The wave-type field equation can not be derived from a suitable varia...

The increased deployment of sensors and data communication networks yields data management workloads with update loads that are intense, skewed, and highly bursty. Query loads resulting from location-based services are expected to exhibit similar characteristics. In such environments, index structures can easily become performance bottlenecks. We address the need for indexing that is adaptive t...

Theory suggests that economic freedom—measured by the Economic Freedom of the World Index (EFW) -may increase or decrease economic volatility. Similar to previous literature, we empirically test the relationship between economic freedom and economic volatility, but we differ from the literature in how we account for (1) changes in EFW, and (2) the nonlinear relationship between freedom and vola...

Conceptual and applied studies assessing the linkage between economic freedom corruption expect that boosts growth, improves income, reduces levels of corruption. However, most them have concentrated on developed developing groups, while Association Southeast Asian Nations (ASEAN) countries drawn much less attention. Empirical findings are often conflicting. Moreover, previous performed rather ...