Abstract This study investigates and assesses the economic activity in five Caspian states - Azerbaijan, Iran, Kazakhstan, Russia, Turkmenistan over period from 1998 to 2021. In this regard, we used GDP as dependent variable, while oil production, global price, natural gas exports, inflation were explanatory variables order investigate capture their impact on these energy-producing countries. t...

Purpose The purpose of this study is to analyze the performance indigenous innovation in developing countries era trade liberalization. It analyzes from research and development (R&D) investments output its effect on economic growth. Design/methodology/approach sample for includes 20 middle-income across five continents period between 1994 2018. employs Crepon Duguet Mairessec CDM model a p...

We analyse the links between credit default swap (CDS) and bond spreads and try to determine which one is the leading market in the price discovery process. To do that, we construct a sample of CDS premia and bonds spreads on a generic 5-year bond, for 17 financials and 18 sovereigns. First, we run VECM estimations, showing that the CDS market has a lead over the bond market over the whole samp...

This paper aims to investigate the links between exchange rate pass-through (ERPT) and monetary policy. We examine the degree of ERPT to consumer prices for 11 emerging markets (6 inflation targeters and 5 non-inflation targeters) using both multivariate cointegrated VAR (CVAR) and impulse responses derived from the vector error correction model (VECM). Results of cointegration analyses suggest...

This present study empiricallyanalyzes the impact of fossil fuel energy consumption on CO2 emission for Pakistan using data from 1980-2010. Our broad objective is to test the environmental Kuznets curve (EKC) hypothesis and factors that affect the energy consumption. We have used Johansen Cointegrationapproach and a Vector Error Correction Model (VECM) to test the long run as well as short run ...

The study investigates the effect of macroeconomic determinants on the performance of the Indian Stock Market using monthly data over the period January 1991 to December 2011 for eight macroeconomic variables, namely, Interest Rate, Inflation, Exchange Rate, Index of Industrial Production, Money Supply, Gold Price, Silver Price & Oil Price, and two stock market indices namely Sensex and S&P CNX...