in this paper, nonlinear adjustments and price transmission mechanism between the two levels of wholesale and retail for the egg market has been examined under the threshold vector error correction model (tvecm) framework using hansen and seo (2002)’s two-regimes). the unit root test showed that both wholesale and retail egg price series were integrated of order one . the johansen co-integratio...

Tourism is vital to the success of many economies worldwide and has been a widely researched area for years. Unfortunately, an insufficient number studies have conducted on this subject in context Saudi Arabia. Therefore, research investigates role tourism promoting economic growth Kingdom Arabia by using annual time series data from 2003 2019. The study uses basic statistics, correlation coeff...

The issue of financial integration, at the country level, is a well-documented phenomenon in the area of International Portfolio Diversification (IPD). Despite the increasing degree of financial integration, it is important to investigate the global integration at industry level to capture the potential benefits of IPD. Thus, this study attempts to evaluate the potential advantages of IPD for i...

Determining the co-integrating rank of a system of variables has become a fundamental aspect of applied research in macroeconomics and nance. It is wellknown that standard asymptotic likelihood ratio tests for co-integration rank of Johansen (1996) can be unreliable in small samples with empirical rejection frequencies often very much in excess of the nominal level. As a consequence, bootstrap ...

The study tries to investigate the cointegration and causality relationship between spot future prices of crude oil natural gas traded on Multi Commodity Exchange (MCX) India. has used daily closing commodities under from period 2005 2020. data is converted into stationary time series which a mandatory condition for analysis. results Johansen Co-integration test reveals that there long-run both...

This paper investigates market integration and asymmetric price transmission in the world rice export markets. Using monthly rice prices from Thailand, Vietnam, and United States, we employ the Johansen test and estimate the threshold vector error correction model (TVECM). Our main findings are that export prices in the three countries are cointegrated, with Thailand and the United States the p...

The present study investigates the efficiency of Bitcoin futures in price discovery process by assessing lead-lag relationship between and spot prices Bitcoin. tests whether market is leading mechanism for market. considers daily closing both future indices from December 12, 2017 to 31, 2020. stationarity two time-series variables tested using Augmented Dickey-Fuller test while long-run co-inte...

Human capital, being one of the important factors affecting economic growth, has gained more importance especially since beginning 1990s and interest in this field increased growth studies. The increase human capital accumulation contributes to growth. Today, technological developments R&D activities play an effective role ensuring sustainable Although existence a negative relationship betw...