This article undertakes a literature review on the topic of market integration, covering over 380 articles from the 1980s to 2024. The review consists of a qualitative analysis for context and a quantitative analysis for content, identifying key rese...
This paper develops a three-country, two-sector, two-factor general-equilibrium trade model in which multinational firms’ FDI decisions are influenced by global uncertainty level. We investigate the effects of economic integration under uncerta...
The dairy sector in the European Union (EU) has experienced policy changes and market shocks recently. Using the global vector autoregressive (GVAR) model, this paper explores regional market integration, the feedback between market shocks and price...
This study examines the impact of the COVID-19 pandemic on global stock markets by comparing developed and developing economies, while highlighting regional differences. Using dynamic panel regression models, this study explores the role of pandemic-...
Two decades after the biggest ever enlargement of the European Union, post-transition countries face a series of challenges, posed primarily by de-globalization and growing illiberalism. Declining European competitiveness, as highlighted by the Dragh...
This study investigates the interrelationships between institutional frameworks, innovation ecosystems, and stakeholder coordination in enhancing the global competitiveness of Ethiopia’s Integrated Agro-Industrial Parks (IAIPs) in Yirgalem and...
We investigate the pricing formation of natural gas markets on three different continents (Europe, Asia and North America). We find that natural gas markets showed a strong relationship with the crude oil market between 1992 and 2001 and natural gas...
This is the first comprehensive study to investigate the dynamics of international information spillovers, regional linkages and fundamental forces driving return volatility in the SAARC (South Asian Association for Regional Cooperation) member natio...
This study explores the international natural gas market integration using the Engle–Granger cointegration and error correction model. Previous studies have suggested that liquefied natural gas (LNG) and oil-linked pricing with a long-term cont...
We propose a simple three-factor pricing model, consisting of a local stock market index, a global REIT market index, and a global stock market index, to examine the dependence structure of conditional volatilities in the real estate investment trust...
Capital market integration has become an interesting research topic nowadays. Many studies have tried to explain this phenomenon using various methods. Here, we used sophisticated methods to explain capital market integration. This study aims to scru...
Analysis of the relationships among global stock markets is crucial for international investors, regulators, and policymakers, particularly during a crisis. Complex network theory was applied to analyze the relationship between global stock markets d...
In this study, we examine the critical question of whether global equity and bond assets (both green and non-green) offer effective hedging and safe haven properties against stock market risks in South Asia, with a focus on Bangladesh, India, Pakista...
In today’s interconnected economy, participation in global value chains (GVCs) has become essential for firms seeking international competitiveness and economic sustainability. This is particularly relevant for emerging economies like Saudi Ara...
The 2015 Paris Agreement paved the way for the carbon trade economy, which has since evolved but has not attained a substantial magnitude. While carbon credit exchange is a critical mechanism for achieving global climate targets, it faces persistent...
While facing a growing domestic demand of milk and milk products, the Brazilian dairy industry is far behind in terms of competitiveness and sustainability when compared to other national agricultural sectors. Nonetheless, in Germany the leading dair...
China has made significant progress in developing renewable energy, but challenges in integrating variable sources like wind, solar, and hydro power persist. Existing research has a regional focus and lacks a comprehensive understanding of integratio...
A decade after the global financial crisis, the developments in stock market integration have increased the stability and liquidity of markets, and decreased the diversification benefits for investors. International trade is an important determinant...
This study examines the dynamic and nonlinear effects of global interest rate (based on the G7 market) shocks on equity markets in BRICS countries. A World Interest Rate (WIR) index is constructed using principal component analysis of short-term inte...
Crypto asset markets are often described as globally integrated. However, empirical evidence suggests that they remain segmented across exchanges and jurisdictions. One notable example is the Korean premium (i.e., Kimchi premium), which refers to per...
With the continuous integration of globalization and financial markets, the linkage of global financial risks has increased significantly. This study examines the risk spillover effects and transmission dynamics among the financial markets in G20 cou...
For the last two decades, the international auction houses Sotheby’s and Christie’s have been at the forefront of global art market expansion. Their world-wide footprints have enabled auction house specialists to engage with emerging arti...
The global transition towards a clean energy system underscores the critical role of Green Electricity Certificates (GECs), yet their effectiveness is often hampered by an inability to credibly trace environmental attributes from generation to consum...
By analysing the case of the International Accounting Standards Board (IASB), this paper aims at assessing the role that political marketing strategies might play to increase the sustainability of private transnational organisations. This paper propo...
This paper investigates the relationship between the BRICs’ and the advanced economies’ stock markets from 2000 to 2016 utilizing continuous wavelet transform. The continuous wavelet transform allows us to explore these relationships in the time–freq...
While international cross-listing locations in host countries have been identified as integral to firm valuation gains, the influence of the home country information environment on firm financial market integration remains underexplored. This study e...
To examine the spillover of tail-risk information across global stock markets, we select nine major stock markets for the period spanning from June 2014 to May 2024 as the sample data. First, we employ effective Rényi transfer entropy to measu...
E-fuels, or synthetic fuels produced from green hydrogen and captured CO2, are a promising solution for achieving climate neutrality by replacing fossil fuels in transportation and industry. They help reduce greenhouse gas emissions and efficiently u...
Firms globally are transforming digitally to enhance performance through building differentiated organizational capabilities within their digital ecosystem to maximize value. Drawing from the dynamic capability theory, this study aims to investigate...
The global food market’s escalating volatility has led to a complex network of uncertainty and risk transmission across different grain markets. This study utilizes the Time-Varying Parameter Vector Autoregression (TVP-VAR)-Connectedness approa...
Limiting climate change below a 2 °C temperature increase this century will require substantial reductions of greenhouse gas emissions and the transition to a climate-friendly, low carbon society. In this paper, the economic impact of a less carbon-i...
We show that financial integration in emerging Asia is state-dependent in the sense that cross-market linkages vary systematically across regimes of global uncertainty and market stress. Focusing on Indonesia, Malaysia, Singapore, Thailand, and Vietn...
Economic stability in emerging market economies is increasingly shaped by the interplay between global financial integration, domestic monetary dynamics, and asset price fluctuations. Yet, early detection of financial market disruptions remains a per...
During the past two decades, financial markets across the globe have experienced sporadic waves of crashes. Such waves raise concerns about the vulnerability of global financial markets and the transmission mechanisms of shocks beyond borders. The cu...
This study examines the interconnectedness of African stock markets during three major global crises: the 2008 Global Financial Crisis (GFC), the COVID-19 pandemic, and the Russia–Ukraine conflict. We use daily stock index data from 2007 to 202...
Current integration and co-movement among international stock markets has been boosted by increased globalization of the world economy, and profit-chasing capital surfing across borders. With a reputation as the fastest growing economy in the world,...
The agricultural futures market plays an extremely important role in price discovery, hedging risks, integrating agricultural markets and promoting agricultural economic growth. China is the largest apple producer and consumer in the world. In 2017,...
As global climate change intensifies, nations around the world are implementing policies aimed at reducing emissions, with carbon-trading mechanisms emerging as a key market-based tool. China has launched carbon-trading markets in several cities, ach...
It has become a global challenge to realize sustainable regional development in the context of demographic transition. Based on the panel data of the Beijing-Tianjin-Hebei region from 2017 to 2022, this paper analyzes in depth the impact mechanism of...
Globalisation, population growth, climate change, and energy-policy shifts have deepened interdependence between agri-food and energy systems, amplifying price volatility. This study examines the determinants of global wheat and corn price dynamics o...
The deregulation of the electricity markets in the European Union and the transformation caused by digital technologies and customer-centric strategies have altered the industry ecosystem, forcing companies to adapt to the new scenario. This research...
This study examines the integrated impacts of cyberattacks, geopolitical, and financial market volatility on rare earth markets during the 2014–2024 period, using Time-Varying Parameter Vector Autoregression and wavelet analysis. By bridging cr...
The procedures used to create modern cars require extensive thought in various relevant scientific domains. Arguably, the most challenging obstacle facing the automobile sector is the management of production facilities by integrating software produc...
This study investigates the dynamic effect of economic liberalization, privatization, and globalization on the export performance of Ethiopian manufacturing firms. We use structural equation modeling (SEM) to examine the direct and indirect influence...
This paper analyses the link between exchange rates and stock markets in four Central and Eastern European countries. We simultaneously explore the comovements of foreign exchange markets and stock markets at the cross-country level and the link betw...
Battery energy storage systems (BESS) are considered a good energy source to maintain supply and demand, mitigate intermittency, and ensure grid stability. The primary contribution of this paper is to provide a comprehensive overview of global energy...
Wavelet coherence analysis (WCA) examines the dynamic interactions between economic policy uncertainty (EPU) in Brazil, Chile, Colombia, and Mexico and key external variables, using monthly data from 2010 to 2022. The findings reveal the following: (...
The high separation of crude oil supply and demand markets has led to the formation of a global crude oil trading system. This paper constructs global crude oil trade networks, integrates macro, meso, and micro network analysis methods, combines geos...
This paper examines the time-frequency dynamics and the spillover effects among the clean energy, fossil fuel, metal, and electricity markets using a wavelet local multiple correlation analysis and a time-varying-parameter vector autoregression model...
The sector of milk and dairy products in Serbia along the entire supply chain has been under significant challenges in recent years, especially in current crises. In this direction, this research looked at the supply chain of milk and dairy products...
of 25