We undertake a generalization of the cumulative sum of squares (CUSQ) test to the case of non-stationary autoregressive distributed lag models with quite general deterministic time trends. The test may be validly implemented with either ordinary least squares residuals or standardized forecast errors. Simulations suggest that there is little at stake in the choice between the two in the unit ro...

Utilizing natural resources wisely, reducing pollution, and taking other environmental factors into account are now critical to the prospects for long-term economic growth and, by extension, sustainable development. We investigate impact of total resource rents (NRR) on India’s GDP in this study. The data sample consists NRR from World Bank’s official website collected between 1993 2020. In stu...

This paper examines the asymmetric effect of Bitcoin on three altcoins, namely Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) by using Nonlinear Autoregressive Distributed Lag (NARDL) model for period July 2015 to March 2019. We provide evidence impact altcoins both in short-run long-run. In short-run, a decrease price has greater than an increase prices altcoins. asymmetry is more frequent af...

This paper analyses the relationship between Inflation Targeting and economic growth in 20 countries Middle East North Africa (MENA) region (Algeria, Saudi Arabia, Palestinian Authority, Bahrain, Djibouti, United Arab Emirates, Egypt, Iraq, Iran, Jordan, Kuwait, Lebanon, Libya, Morocco, Mauritania, Oman, Qatar, Syria, Tunisia, Yemen), using an Autoregressive Distributed Lag (ARDL) model over pe...