Does Credit Composition have Asymmetric Effects on Income Inequality? New Evidence from Panel Data

Seven, Ünal; Kılınç, Dilara; Coşkun, Yener

doi:10.3390/ijfs6040082

Cited by 9 publications

(4 citation statements)

References 46 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Particularly, slope heterogeneity test, LM bootstrap test of Westerlund and Edgerton (2007), Pesaran (2004) CIPS unit root test, Pedroni (2001) cointegration test, Westerlund's (2008) cointegration test, robustness checks of D-CCEMG estimator, FMOLS, and DOLS were critically utilized. The result justify that the individual Northern African countries have similar economic dynamics, which is in line with the studies by Seven et al (2018), andCavatorta andDurac (2013) and consistent with the authors` expectations. After detecting cross-sectional dependence in the estimated models, the next step is to check for the slope homogeneity test, as is emphasized by the study of Blackburne and Frank (2007).…”

Section: Empirical Findingsupporting

confidence: 92%

The Effect of Domestic Risks and Arab Spring on Economic Risk in Northern African Countries: Findings From the First- and Second-Generation Panel Approaches

Kırıkkaleli

Torun

Sowah

2020

The Review of Black Political Economy

View full text Add to dashboard Cite

For decades, domestic risks belonged to the category of issues that are difficult to understand because information is fragmented or incomplete. However, paradoxically it has been suggested by many researchers that domestic risks involve complex combinations of structural and institutional weakness, bad governance, and regional contagion wrapped in a paradigm of high levels of trade, capital, and information flows, resulting in economic risk. This study employ first- and second-generation panel-based estimators—Westerlund cointegration, fully modified ordinary least square (FMOLS), dynamic ordinary least square (DOLS), and dynamic common correlated effects mean group (D-CCEMG)—to explore both short-run and long-run nexus between domestic risks and economic risks in Northern African countries from 1997Q2 to 2018Q4. To our knowledge, no study has applied these econometric techniques to investigate interlink-ages among domestic risks, economic risks, and as well as including dummy variable of Arab Spring in Northern African countries. Our empirical findings reveal that (a) financial and political stabilities positively affect economic stability, and (b) Arab Spring negatively affected economic stability. Our analysis confirms that domestic risks involve institutional weakness and bad governance region in regional contagion. Given this new insight on economic risk, policymakers should develop a strong financial system that promotes economic growth.

show abstract

Section: Empirical Findingsupporting

confidence: 92%

The Effect of Domestic Risks and Arab Spring on Economic Risk in Northern African Countries: Findings From the First- and Second-Generation Panel Approaches

Kırıkkaleli

Torun

Sowah

2020

The Review of Black Political Economy

View full text Add to dashboard Cite

show abstract

“…∅ is the estimated coefficient of the CCEMG estimator. As rightly noted by Seven et al (2018), the CCEMG estimator provides consistent estimates even when there is correlation between the observed regressors and the common factors. In addition, it is robust to heterogeneity of slope parameters, endogeneity, cross-sectional dependence, non-stationarity and structural breaks.…”

Section: Panel Long-run Estimatorsmentioning

confidence: 77%

Energy Consumption and Ecological Footprint in the World’s Major Suppliers of Crude Oil: Does Difference in Oil Production Status Between Sub-groups Count?

Adekoya

Olabode

2021

Preprint

View full text Add to dashboard Cite

The need to maintain quality environment despite the increasing human activity and pressure on energy resources remains a topical issue in the field of Environmental Economics. However, we observe that the impact of energy consumption on ecological footprint in the Organization of Petroleum Exporting Countries (OPEC) has not received keen attention in the literature. This study thus delves into the nexus for the country group. For a more robust policy bearing, we partition the countries into Middle-East and non-Middle-East members because of their huge energy supply and consumption differences. Summarizing the results, energy consumption increases environmental degradation across all samples. However, despite the Middle-East countries being the highest per capita energy consumers, their energy consumption contributes less to environmental degradation compared to the non-Middle-East countries. For completeness, we report the long-run country-specific estimates and find that only in Congo is environmental quality enhanced by energy consumption.

show abstract

“…In the literature, it has been widely conceived that there is another variant to this technique known as the Common Correlated Effects Mean Group (CCEMG) developed by Pesaran [ 42 ] that can estimate series when there is a presence of correlation between the observed explanatory variables and the common factors [see [ 43 , 44 ]]. Despite this uniqueness, the superiority of the AMG framework over the CCEMG estimator can be seen in this regard, first, the former provides meaningful economic interpretation to the unobserved factors within the panel framework as compared to the latter which only produces nuisance parameters.…”

Section: Methodsmentioning

confidence: 99%

Does COVID-19 shock endanger the flows of FDI in OECD? Empirical evidence based on AMG panel estimator

2022

View full text Add to dashboard Cite

The role of foreign direct investment flows in the growth and development of any nation cannot be overemphasized. However, different economic issues influence the pattern and flow of several investment channels. Notable among such economic crises is the recent COVID-19 pandemic that ravaged the entire global economy and restricted the flow of foreign investment among countries. With the perceived influence of the pandemic on businesses and investments, this study investigates the impact of COVID-19-related shock on the FDI flows of OECD countries. Using the Augmented Mean Group (AMG) long-run estimator, it reveals that the COVID-19 shock harms FDI inflows across OECD but enhances the outflows of FDI from OECD. Furthermore, the comparative analysis of the Eurozone and non-Eurozone countries in OECD shows that the effect of COVID-19 shock on FDI flows is positive in the former but otherwise in the latter. Hence, the monetary authorities of these countries must implement favorable monetary policies that will enhance new and ongoing investments as well as the expansion of industrial activities. Also, policymakers in this region should encourage the formulation of economic frameworks that are resilient to several global and country-specific economic uncertainties to safeguard the economies from unforeseen circumstances.

show abstract

Does Credit Composition have Asymmetric Effects on Income Inequality? New Evidence from Panel Data

Cited by 9 publications

References 46 publications

The Effect of Domestic Risks and Arab Spring on Economic Risk in Northern African Countries: Findings From the First- and Second-Generation Panel Approaches

The Effect of Domestic Risks and Arab Spring on Economic Risk in Northern African Countries: Findings From the First- and Second-Generation Panel Approaches

Energy Consumption and Ecological Footprint in the World’s Major Suppliers of Crude Oil: Does Difference in Oil Production Status Between Sub-groups Count?

Does COVID-19 shock endanger the flows of FDI in OECD? Empirical evidence based on AMG panel estimator

Contact Info

Product

Resources

About