2026 September - 17 articles
This study estimates the conditional short- and long-run association between domestic-currency oil prices and real industrial value added in a panel of ten selected oil-importing economies over 1993–2024. The analysis employs a cross-sectionall...
This study aims to determine how panel architecture, model complexity, and missing data conditions jointly affect the specificity of the Hausman specification test. A Monte Carlo analysis was conducted using 192,000 simulations (192 scenarios, 1000 r...
We develop a framework for estimating a first-exposure effect (FEE) in a social program, defined as the difference between observed use and the counterfactual use absent any learning from first exposure. In administrative data, those never exposed ar...
Understanding earnings differences across general and vocational education is important for assessing labor-market outcomes among secondary education graduates. This study examines cross-sectional age–earnings profiles among full-time private-s...
This paper evaluates the macroeconomic and financial determinants of the money demand of India from 1996: Q1 to 2024: Q4. The paper utilizes the Autoregressive Distributed Lags (ARDL) bounds testing framework and an Error Correction Model (ECM) to es...
Although stablecoins occupy a segment of digital-asset markets in which price stability is central by design, their temporary departures from reference values may reveal important information about latent risk and market stress. In this paper, we exa...
The post-pandemic acceleration of digital tools has reshaped how small and medium-sized enterprises (SMEs) in Latin America compete, yet the resulting maturity gains remain poorly understood in individual emerging-market economies. Ecuador exemplifie...
Alcohol consumption is associated with significant social and economic challenges for nations worldwide, including alcohol-related healthcare costs and alcohol-related crime. According to the U.S. Center for Disease Control (CDC), even moderate drink...
The relationship between capital structure and firm market valuation remains a central yet unresolved question in corporate finance, with outcomes shaped critically by industry-specific asset structures and financing environments. This study investig...
We examine whether Walter’s model holds in that firms with greater growth opportunities would pay out less, using operating cash-flow-based payout measures that include only dividends, only repurchases or both. Two groups of explanatory variabl...
This study investigates and explores the volatility dynamics of the South African rand against the US dollar (ZAR/USD) using the Family GARCH (fGARCH) model and the First-Order Beta-Skew-T-Generalised Autoregressive Conditional Heteroskedasticity (Be...
This paper investigates the responses of key macroeconomic variables—including output, consumption, investment, capital accumulation, and employment—to productivity and oil market shocks in Iran. Using quarterly data from 1975 to 2024, we...
This paper offers estimates of the per-capita GDP growth trajectories consistent with zero growth in per-capita CO2 emissions using Ordinary Least Squares (OLS) and Instrumental Variables (IVs). The focus is on six developed economies (Canada, German...
Saudi Arabia’s Vision 2030 aims to diversify the economy away from oil by reallocating public expenditure from current consumption toward infrastructure mega-projects. This research estimates and compares the fiscal multipliers of government co...
This paper addresses the output and employment impacts of a climate self-financed taxation/subsidy policy on CO2 emission reduction. We model balanced climate fiscal expenditure using a two-regime CO2-based threshold autoregressive model that separat...
This study examines the moderating and threshold effects of institutional quality on the relationship between external debt and economic growth using panel data from 39 lower- and upper-middle-income countries over the period of 1996–2023. To a...
The Fourth Industrial Revolution (4IR) has introduced modern, high technologies that are automated, such as precision farming, to enhance agricultural production. However, this comes at the cost of human labor being replaced by machines that are deem...
