abstract achieving economic growth, as one of the essential purposes in each country, needs appropriate tracing of government as one of the important and effective sections in that economy. nowadays, unlike the 80s, economists concentrate on objectives such as explanation of the relationship between size of the government and economic growth and delineation of optimum size of the government whi...

This paper studies the existence for a set of countries of an inflation threshold above which its effect on economic growth is negative, considering the speed of transition from one inflation regime to the other. Using a panel data set of above 120 countries for the period after the Second World War, we apply a panel smooth transition regression (PSTR) model with fixed effects. The estimated th...

Natural gas has become more and more important in the world energy market with the change of energy consumption structure and consumption subjects. This paper applies the panel smooth transition regression (PSTR) model to study the nonlinear relationship between natural gas consumption and economic variables of emerging economies, and the empirical results show that: (1) There is a non-linear r...

Based on the panel smooth transition regression (PSTR) model, this paper empirically analyzes relationship between Chinese local government’s bond financing and economic growth, with quarterly data of bonds issued by governments their investment platform companies in open market from 2008 to 2018 as samples. The research shows that there is a gradual non-linear government growth China. With inc...

The article contributes to the existing literature by examining nonlinear effect of foreign direct investment (FDI) on development Arab Maghreb Union (AMU) countries during 1980-2019. These multiply their FDI attraction policies in order enrich national externalities offered local businesses and benefit from some positive effects economy terms growth, technology, know-how, etc. Using panel smoo...

We study the effects of monetary policy surprises on stock returns under low and high uncertainty in U.S. using Panel Smooth Transition Regression (PSTR) model to identify regimes. Monetary are unexpected changes Federal Funds Rate (FFR) Open Market Committee (FOMC) announcement days, where mimicking portfolio method is used obtain a regular time series with since announcements occur an irregul...

This study analyses the nonlinear dynamic impact of economic development on income inequality in a prudential policy regime panel 15 emerging markets from 1985–2019. More importantly, we seek to extend existing debate this subject, with roots back seminal work by Kuznets and many others, add twist introducing distinction between (1985–1999) non-prudential (2000–2019), as well threshold level at...

the main challenge of developing countries, is achieving growth and development. review of economic growth literature shows that the quality of institutions and social infrastructure are important factors that influence the economic growth and development. also many analysts believe that between institutional factors, the rule of law is one of the most elements for appropriate system for invest...

This paper proposes a new approach for analyzing the dynamic relationships between carbon dioxide (CO2) emissions, energy use, and income Middle East North African (MENA) region. Our study implements class of regime-switching models, namely nonlinear panel smooth transition regression (PSTR) framework. Two kinds estimates emissions are provided. On one hand, we measure impact consumption on CO2...