Enders and Granger provide critical values to test the null hypothesis of a unit-root against the alternative of threshold adjustment. However, in obtaining their critical values, Enders and Granger did not use a consistent estimate of the threshold nor did they use a lag-augmented data generating process. This note remedies both of these problems. The power of the test statistics using the con...

Cointegration among interest rates for instruments with different maturities has been widely tested with mixed results. This paper proposes an extension to the Engle-Granger testing strategy by permitting asymmetry in the adjustment toward equilibrium in two different ways. We demonstrate that our test has good power and size properties over the Engle-Granger test when there are asymmetric depa...

Abstract. The article examines integration of cryptocurrencies as electronic payment systems in e-commerce enterprises. Practical usage Ethereum and Bitcoin systems, well factors that may affect their functionality are studied. Coinbase Commerce Bitpay, market leaders cryptocurrency providers, were analyzed to compare issues commission analysis with traditional LiqPay, PayPal. It is determined ...

The article discusses the mechanisms of state support for development renewable energy sources (RES) in Republic Kazakhstan. authors consider prospects using solar textile industry. analysis revealed that level organization work companies field conservation and efficiency production depends on following factors: timely observation current power supply possible future potential; implementation e...

Stock return can be one of the representations a company’s performance in investment. This study aims at investigating factors determining stock largest users energy production oil, gas and coal classified manufacturing companies Indonesia’s Exchange for period 2016-2018. It involved 134 classifies as entries IDX that were used target population all selected sample this study. Financial distres...

We investigate how the relative contribution of external factors to stock price movements varies with the degree of financial development. We find that financial development makes stock markets more susceptible to external influences (both financial and macroeconomic). Interestingly, this effect is present even after having accounted for capital controls and international trade effects. JEL Cla...