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Economies, Volume 13, Issue 4

2025 April - 29 articles

Cover Story: This study develops a model to predict and explain short-term fluctuations in the Brazilian local currency interest rate term structure. The model relies on the potential relationship between these movements and key macroeconomic factors. The methodology consists of two stages. First, the Svensson model is applied to fit the daily yield curve data. This involves maximizing the R2 statistic in an OLS regression, following the Nelson–Siegel approach. The median decay parameters are then fixed for subsequent estimations. In the second stage, with the daily yield curve estimates in hand, another OLS regression is conducted. This regression incorporates the idea that Svensson’s betas are influenced by macroeconomic variables. View this paper
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Articles (29)

  • Article
  • Open Access
5,699 Views
31 Pages

Does Public Debt Encourage Economic Growth? An Application of Quantile Regressions to Panel Data for Developing Countries

  • Yohanes Maria Vianey Mudayen,
  • Lincolin Arsyad,
  • Rimawan Pradiptyo and
  • Sekar Utami Setiastuti

Previous studies on the relationship between government debt and economic growth have produced very diverse findings. This study examines the relationship between public debt and economic growth in developing countries using a quantile regression app...

  • Article
  • Open Access
1 Citations
3,723 Views
15 Pages

Settlement Intention of Foreign Workers in Japan: Bayesian Multinomial Logistic Regression Analysis

  • Mi Moe Thuzar,
  • Shyam Kumar Karki,
  • Andi Holik Ramdani,
  • Waode Hanifah Istiqomah,
  • Tokiko Inoue and
  • Chukiat Chaiboonsri

This study examines the intentions of foreign workers living in Okayama, Japan, to stay long-term in Japan. Utilizing a Bayesian multinomial logistic regression model, this research provides a novel analytical approach that captures parameter uncerta...

  • Article
  • Open Access
4 Citations
12,810 Views
21 Pages

Measuring financial performance is pivotal not only for assessing a firm’s current health but also for informing strategic decisions that shape its long-term trajectory. This study investigates how macroeconomic volatility affects the firm prof...

  • Article
  • Open Access
1 Citations
1,662 Views
41 Pages

The literature regarding innovation drivers is usually based on variables taken from some theoretical approach and validated within a methodology. Some authors have included COVID-19 as a driver for innovations. In this paper, we address the pandemic...

  • Article
  • Open Access
2,454 Views
16 Pages

This study examines the dynamic relationship between inflation, inflation uncertainty, and economic performance in Mexico using the Generalized Autoregressive Conditional Heteroskedasticity-in-Mean (GARCH-M) and bivariate GARCH-in-mean (BGARCH-M) mod...

  • Article
  • Open Access
2,837 Views
21 Pages

Macroeconomic Determinants of the Interest Rate Term Structure: A Svensson Model Analysis

  • Cristiane Benetti,
  • José Monteiro Varanda Neto and
  • Rogério Mori

This study develops a model to predict and explain short-term fluctuations in the Brazilian local currency interest rate term structure. The model relies on the potential relationship between these movements and key macroeconomic factors. The methodo...

  • Article
  • Open Access
3 Citations
2,443 Views
27 Pages

Entrepreneurship is crucial in promoting innovation, job creation, and poverty alleviation, particularly in developing economies. This study adopts a mixed-methods approach, using quantitative and qualitative analysis to examine macroeconomic factors...

  • Article
  • Open Access
4,025 Views
14 Pages

The Impact of Corruption on Economic Growth in SADC

  • Darlington Chizema,
  • Ramos Emmanuel Mabugu and
  • Christelle Meniago

This study analyses the long-term impacts of corruption on economic growth within the Southern African Development Community (SADC) region, using data spanning 2005 to 2022. Through econometric modelling covering SADC countries, the research investig...

  • Article
  • Open Access
1 Citations
3,997 Views
22 Pages

The first 1000 days of life starts from conception to a child’s second birthday. Research suggests that the period is critical for cognitive, physical, and emotional development. Investments in maternal and child healthcare during this period h...

  • Article
  • Open Access
1,620 Views
19 Pages

There is increasing concern regarding the association between technological change and jobs. This study explores how different patterns of digitalization and innovation relate to job creation in European companies. We use data from the European Compa...

  • Article
  • Open Access
1 Citations
2,063 Views
21 Pages

This paper investigates the role that access to livelihood assets plays in reducing vulnerability to lower levels of well-being, especially for camp-based refugees. We develop the multidimensional vulnerability index using the 2019 Kakuma socioeconom...

  • Article
  • Open Access
7,621 Views
18 Pages

The annual inflation rate in Sri Lanka accelerated to record levels in recent years, especially after the COVID-19 pandemic. Though the inflation rate had declined to pre-pandemic levels by mid-2024, it is of great importance to identify the factors...

  • Article
  • Open Access
3,457 Views
22 Pages

After 35 years of a free market in Poland, three life insurance companies have gained a dominant position in the market and developed certain procedural equilibrium in the area of training, allowing their status quo to be maintained. Yet, they do not...

  • Article
  • Open Access
1 Citations
1,853 Views
21 Pages

Considering refugees’ employment challenges in their host countries, they often need to create jobs by starting ventures and embracing self-employment. However, this requires financing. This study seeks to assess the roles of formal and informa...

  • Article
  • Open Access
4 Citations
3,519 Views
18 Pages

The Growth of Maritime Communications and Technology Related to the Trends in the Shipping Industry: A Financial Perspective

  • Eleftherios Charamis,
  • Dimitrios Charamis,
  • Grigorios L. Kyriakopoulos and
  • Stamatios Ntanos

This explanatory empirical study aims to investigate the relationship and contribution of the prevailing trends and factors within the shipping industry related to the maritime communications and technology market. It is widely acknowledged that the...

  • Article
  • Open Access
5,347 Views
15 Pages

Money Demand in Indonesia and Its Forecasting to 2033

  • Arif Imam Suroso,
  • Saiful Bahri,
  • Noer Azam Achsani,
  • Suhendi and
  • Linda Karlina Sari

This study aims to identify the primary factors influencing the demand for money in Indonesia and to provide forecasts through 2033. The research employs two methodologies: time series econometrics and machine learning, utilizing data spanning from t...

  • Article
  • Open Access
4 Citations
3,987 Views
21 Pages

This study analyses the intricate connection between tourism and economic growth, emphasising significant gaps in existing literature. The study utilises a comprehensive framework encompassing tourism-led economic growth (TLEG) and economy-driven tou...

  • Article
  • Open Access
2 Citations
1,420 Views
16 Pages

This paper investigated how parents’ informal work relates to their children’s academic performance. We interviewed the heads of households with 83 school-aged children in peri-urban Kathmandu to obtain information on parental occupation...

  • Article
  • Open Access
1,487 Views
22 Pages

This article examines the theoretical foundations of economic forecasting based on DSGE models. DSGE models are the main direction of contemporary macroeconomics theory—the inclusion of the stochastic processes and expectations of economic agen...

  • Article
  • Open Access
1,027 Views
13 Pages

Tea and coffee as traditional cash crops have been produced in Rwanda for more than six and ten decades respectively. However, new cash crops are being produced and exported, although their role in increased income and poverty reduction over traditio...

  • Article
  • Open Access
1 Citations
2,414 Views
17 Pages

The evolving labor environment underscores the critical role of cognitive and non-cognitive (soft) skills in fostering workforce adaptability and enhancing labor market outcomes. This study investigates the combined influence of these skills on the p...

  • Review
  • Open Access
19 Citations
91,134 Views
33 Pages

This paper presents a review of globalization by examining its main characteristics, types, and the advantages and disadvantages associated with each type with regard to people, firms, and nations. It synthesizes the literature and provides a structu...

  • Article
  • Open Access
1 Citations
2,198 Views
35 Pages

The pharmaceutical industry is a cornerstone of national economies and plays a critical role in public health. However, China’s pharmaceutical industry faces significant challenges, including regional disparities in development. The existing re...

  • Article
  • Open Access
1,398 Views
18 Pages

This study examines how economic growth, travel, global connection, and changes in population impact the environmental footprint in seven countries, including Russia, the US, China, France, the UK, Pakistan, and India, from 1995 to 2023. The results...

  • Article
  • Open Access
6 Citations
9,031 Views
32 Pages

Volatility Modeling of the Impact of Geopolitical Risk on Commodity Markets

  • Letife Özdemir,
  • Necmiye Serap Vurur,
  • Ercan Ozen,
  • Beata Świecka and
  • Simon Grima

This study analyses the impact of the Geopolitical Risk Index (GPR) on the volatility of commodity futures returns from 4 January 2010 to 30 June 2023, using Exponential Generalized Autoregressive Conditional Heteroskedasticity (EGARCH) models. It ex...

  • Article
  • Open Access
1 Citations
2,061 Views
23 Pages

In this study, we aimed to assess the effectiveness of monetary policy in influencing housing prices in Morocco. Bayesian estimation over the period 2007Q2–2017Q2 of a dynamic stochastic general equilibrium model allowed us to reveal a signific...

  • Article
  • Open Access
1 Citations
2,991 Views
21 Pages

Peanut Value Chain Development: The Case of Lower Lake Victoria Basin of Kenya

  • George Okoth Odunga,
  • John K. Bidzakin,
  • Philip Okaka,
  • Sheila Okoth,
  • Beneah Mutsotso and
  • Anil R. Graves

Peanut is Kenya’s second most important legume after beans, primarily grown in the Nyanza and Western regions. This study maps the peanut value chain in Kenya, aiming to identify key actors, quantify costs and value addition, and outline constr...

  • Article
  • Open Access
3 Citations
1,255 Views
27 Pages

Based on endogenous growth theory and technological innovation theory, this paper uses panel data from 30 provinces in China from 2011 to 2022 to investigate the impact of digital village construction on agricultural green total factor productivity (...

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Economies - ISSN 2227-7099