This study was carried out to examine how stocks of Nigerian deposit money banks (DMBs) reacted the covid-19 pandemic from two perspectives: prices and volume traded on Stock Exchange. The effect DMBs stock examined three methodical areas: general effect, predictive response shock. Panel data prices, all 15 listed monthly February, 2020 August, 2021 were analyzed with panel least square (PLS)s,...

This paper presents evidence on the link between employment protection legislation (EPL), such as mandated severance packages for fired workers, and the rate of unemployment in a cross-country panel data set of OECD countries from 1990-2013. We use both a traditional fixed effects panel specification with lags of the policy variable, and also a unique structural panel vector autoregression (PVA...

This paper examined finance-growth nexus in the finance industry and influencing factors of economic indicators which deliberate on performance Solow Growth model to prove actuality financial development (FD) inside growth (EG) model, based regional data from 1980 2017 Africa. We applied econometric method GMM style panel vector autoregressive (PVAR) quantile regression (PQR). With optimal outc...

Abstract: The European sovereign-debt crisis began in Greece when the government announced in December, 2009, that its debt reached 121% of GDP (or 300 billion euros) and its 2009 budget deficit was 12.7% of GDP, four times the level allowed by the Maastricht Treaty. The Greek crisis soon spread to other Economic and Monetary Union (EMU) countries, notably Ireland, Portugal, Spain and Italy. Us...

We develop methods for Bayesian model averaging (BMA) or selection (BMS) in Panel Vector Autoregressions (PVARs). Our approach allows us to select between or average over all possible combinations of restricted PVARs where the restrictions involve interdependencies between and heterogeneities across cross-sectional units. The resulting BMA framework can find a parsimonious PVAR specification, t...