Journal of Economic Studies: Volume 50 Issue 3

The long-run equilibrium in the context of COVID-19 pandemic

Agnieszka Lipieta, Artur Lipieta

A serious problem in the pandemic days is that in this period many firms face difficulties with remaining on the market. It causes that the entrepreneurs do not undertake…

Interlinkages of cryptocurrency and stock markets during COVID-19 pandemic by applying a TVP-VAR extended joint connected approach

Le Thanh Ha

The purpose of this paper is to study the interlinkages between the cryptocurrency and stock market by characterizing their connectedness starting from January 1, 2018 to December…

Bubble detection in Bitcoin and Ethereum and its relationship with volatility regimes

Renan Diniz, Diogo de Prince, Leandro Maciel

The aim of this paper is to test the existence of bubbles for the daily prices of cryptocurrencies Bitcoin and Ethereum and verify if there is a relationship between bubbles and…

Credit-to-GDP ratios – non-linear trends and persistence: evidence from 44 OECD economies

Juan Carlos Cuestas, Luis A. Gil-Alana, María Malmierca

In particular, in this article, the authors investigate the degree of persistence in the credit-to-gross domestic product (GDP) ratio in 44 Organisation for Economic Co-operation…

Symmetric or asymmetric: how is Nigeria's bilateral trade balance responding to oil price and exchange rate changes?

Oliver E. Ogbonna, Hyacinth E. Ichoku

The experience of rising trade imbalance between Nigeria and its key trading partners in recent years motivated this study. Previous studies on this issue either ignored bilateral…

Analysis of the prevalence of extreme poverty in Africa South of the Sahara: do geographical proximity and corruption spillovers matter?

Olumide Olusegun Olaoye

The paper investigates the prevalence of extreme poverty in a panel of 39 sub-Saharan African (SSA) countries over the period 2000–2018 while accounting for spillover effects.

The impact of trade unions and government party orientation on income inequality: evidence from 17 OECD economies

Constantinos Alexiou, Emmanouil Trachanas

Despite the existing conceptual analysis on the impact of trade unions on employees' welfare and the wider economy, the mediating effect of political party orientation (i.e.…

Financial stability and monetary policy of the Central Bank of West African Countries: a Markov-Switching model

Honoré Sèwanoundé Houngbédji, Nassibou Bassongui

This paper aims to examine the response of monetary policy to financial instability in the West African Economic and Monetary Union.

On the differential response of loans to shocks in the USA

Gianluca Cafiso

The purpose of this paper is to gain insights useful to explain the loan puzzle: the unexpected increase of loans to firms in case of a monetary tightening. To this end, the…

The political determinants of country crises

Alexandre Hilmário de Oliveira Siqueira

Country crises can provoke damages to a country's economic activity and citizens in a way that will always demand a deeper understanding of their determinants. Political issues…

Dividend policy, its asymmetric behavior and stock liquidity

Fatima N. Ali Taher, Mohammad Al-Shboul

This paper examines the impact of dividend policy on stock market liquidity, and whether the dividend payouts has an asymmetric effect on stock liquidity.

Evaluating the interactive effect of domestic and global stock market variables on the depth of the financial system in Sub-Saharan African countries: a panel ARDL approach

Ebere Ume Kalu, Augustine Chuck Arize, Sylvester Okechukwu Ilo, Ifeoma Ihegboro, Chiamaka Goodness Eze

This study investigated the interactive impact of global and domestic stock market variables on the depth of the financial system in Sub-Saharan African (SSA) countries from 1990…

Weather, mobility and the evolution of the Covid-19 pandemic

Corinna Ghirelli, Andrea Gonzalez, Jose Luis Herrera, Samuel Hurtado

The authors investigate the effect of weather and mobility on the spread of the Covid-19 pandemic.