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Economies, Volume 13, Issue 4

April 2025 - 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
4,944 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
2,965 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
3 Citations
10,644 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
1,444 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
1,998 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
2,265 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
2,010 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
3,451 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
3,314 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
1,361 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...

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Economies - ISSN 2227-7099