This paper aims to identify the predominant determinants of sovereign credit ratings in Indonesia and its peer countries from 2004 2019 by considering GDP per capita, official reserve, government debt, Current Account Balance, Credit Default Swap (CDS), Sovereign Rating used three major rating agencies. CDS is considered a newly proposed variable with predicting capacity as measure default. rat...

The development of digital transformation is critical for innovation and surviving the crisis being a sustainable focus. This study aims to observe relationship between selected macroeconomic variables in accelerating economic growth recovery at regional level. data used panel from 2018Q1 - 2020Q4 three Sumatra provinces, namely South Sumatra, Aceh, Lampung. method Panel Vector Autoregression (...

Cross-industry synergistic emission reduction has become a new strategy for achieving carbon emissions peak and neutrality. To explore the typical spatial distribution cross-industry synergy effect of in key industries, this paper analyzes coal power industries Jiangsu Province from 2006 to 2020 using empirical orthogonal function (EOF) panel vector autoregressive (PVAR) model. The results show...

This study aims to investigate the dynamic correlations among carbon emission reduction, total cost savings, and asset investments in industrial sector China. uses panel vector autoregressive (PVAR) model generalized method of moments (GMM) obtain three conclusions based on Chinese industry data from 2005–2019. (1) The interaction between reduction is bidirectional. A decrease can result persis...

This study examines the dynamic relationship between democracy and military in more than 40 developing countries from 1990 to 2017. We investigate interaction institutions using a panel vector autoregressive model impulse response functions as well variance decomposition analyses. show that plays significant role substitution of nonmilitary expenditures for defense expenditures. also positive s...

This paper builds a mixed-frequency panel data model for nowcasting economic variables across many countries. The extends the vector autoregression (MF-PVAR) to allow heterogeneous coefficients and multifactor error structure cross-sectional dependence. We propose modified common correlated effects (CCE) estimation technique which performs well in simulations. is applied two distinct settings: ...

Agriculture plays an indispensable role in the economic system of all countries, and issue agricultural carbon emissions has become a challenge to sustainable development global economy. Against this backdrop, based on data 30 provinces, municipalities directly under central government autonomous regions (excluding Hong Kong, Macau Tibet) China from 2005 2019, current study comprehensively uses...

this study investigates the causal linkages between military spending and economic growth in opec selected countries (i.e. algeria, angola, nigeria, venezuela, iran, kuwait, saudi arabia and ecuador) by focusing country-specific analysis for the period 1995–2012. for this, the panel causality testing approach, the method developed by emirmahmutoglu and kose (2011) based on the vector autoregres...

Purpose — This study investigates the relationship between commercial and social activities in Indonesian Islamic banks.Method employed a Panel Vector Error Correction Model (PVAR) model with Impulse Response Function (I.R.F), Variance Decomposition (V.D.C), Granger Causality. Observations were conducted from 2010 to 2020 on eight banks Indonesia, representing 72.72 percent of total banking pop...