Investigating the Asymmetric Effects of Financial Development on Income Inequality in Iran: Using Nonlinear Auto-Regressive Distributed Lag (NARDL) Approach

This study investigates the responsiveness of manufacturing sector performance to major macroeconomic determinants in Nigeria, covering the period between 1981 and 2018. It contributes to attendant literature by examining the asymmetric impact of each of the macroeconomic variables, including GDP per capita, exchange rate, inflation rate, interest rate proxied by prime lending rate, and gross f...

Purpose This paper aims to explain real exchange rate fluctuations by means of a model including both standard fundamentals and two alternative measures inflation expectations for five targeting countries (the UK, Canada, Australia, New Zealand Sweden) over the period January 1993–July 2019. Design/methodology/approach Both benchmark linear autoregressive distributed lag (ARDL) nonlinear (NARDL...

The relationship between financial development and economic growth has been widely debated in the economics literature, but results have inconsistent vary short long run. In this study, we investigate causal Ethiopia using annual data from 1980 to 2021. We employ Toda-Yamamoto causality test nonlinear autoregressive distributed lag (NARDL) modeling framework analyze data. Our show that none of ...

This study examines the asymmetric effects of positive and negative changes in media attention to COVID-19 daily new confirmed cases on China’s stock market volatility by utilizing nonlinear autoregressive distributed lag (NARDL) model. Empirical results show that has a pronounced effect this is greater than direct impact COVID-19. Finally, several important policy implications arise from these...

This study investigates the short- and long-run nexus between volatility index of VIX sovereign credit risk represented by CDS spread in emerging markets, namely Turkey, China, Russia, Brazil, Mexico. The markets are at center investors’ interest due to high return opportunities. relationship has been studied many times via linear models. However, financial series exhibit asymmetric dynamics, a...

The chronic government deficit (fiscal deficit) and increase in the price level (inflation) have become major concerns for economists policymakers. While numerous studies examined twin problems of fiscal inflation both developed developing economies, their results are inconclusive due to different estimation techniques, chosen time periods, selection variables, etc. Therefore, we deficit-inflat...

The present study examined the impact of foreign direct investment, trade, final consumption expenditures, exports and imports goods services on Romanian economic growth. used yearly data ranging from 1990 to 2020, stationarity was checked using unit root testing. An asymmetric (non-linear autoregressive distributed lag) technique employed examine relationship between variables with estimation ...