2024
DOI: 10.3390/jrfm17010019
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Time-Varying Bidirectional Causal Relationships between Transaction Fees and Economic Activity of Subsystems Utilizing the Ethereum Blockchain Network

Lennart Ante,
Aman Saggu

Abstract: The Ethereum blockchain network enables transaction processing and smart-contract execution through levies of transaction fees, commonly known as gas fees. This framework mediates economic participation via a market-based mechanism for gas fees, permitting users to offer higher gas fees to expedite processing. Historically, the ensuing gas fee volatility led to critical disequilibria between supply and demand for block space, presenting stakeholder challenges. This study examines the dynamic causal interplay b… Show more

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Cited by 5 publications
(1 citation statement)
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“…Regarding navigating frontiers in the tourism economies of Kosovo and Albania during and after COVID-19, according to Lulaj (2022), it is emphasized that there was a large increase in expenses, as well as to remove the consequences of the pandemic, countries (KOS and AL) must collect taxes to influence the growth of tourism, the economies, and financial development in general (Lulaj and Dragusha 2022). Ante and Saggu (2024) emphasize the strategic considerations essential for stakeholders to effectively plan, utilize, and influence economic activities, thereby enhancing comprehension and optimization within a rapidly evolving economy.…”
Section: Literature Review and Developing Hypothesesmentioning
confidence: 99%
“…Regarding navigating frontiers in the tourism economies of Kosovo and Albania during and after COVID-19, according to Lulaj (2022), it is emphasized that there was a large increase in expenses, as well as to remove the consequences of the pandemic, countries (KOS and AL) must collect taxes to influence the growth of tourism, the economies, and financial development in general (Lulaj and Dragusha 2022). Ante and Saggu (2024) emphasize the strategic considerations essential for stakeholders to effectively plan, utilize, and influence economic activities, thereby enhancing comprehension and optimization within a rapidly evolving economy.…”
Section: Literature Review and Developing Hypothesesmentioning
confidence: 99%