Beginning in the mid-1980s, the phenomenon of capital flight from developing countries received considerable attention in the economics literature. Capital flight destroys the domestic macroeconomic environment and decreases transparency and accountability. It restricts financial resources when a country is looking for economic growth and development. The purpose of this article is to measure t...

This paper investigate Iranian tourism demand to Malaysia using the recently developed autoregressive distributed lag (ARDL) ‘Bound test’ approach to cointegration for 2000:Q1 to 2013:Q4. The demand for tourism has been explained by macroeconomic variables, including income in Iran, tourism prices in Malaysia, tourism price substitute, travel cost and trade value between Iran and Malaysia. In a...

This paper investigates whether the size of shadow economy increases income inequality in Uganda. p3aper applies autoregressive distributed lag (ARDL) bounds testing approach to cointegration, test long- and short-run relationship between inequality. The results indicate a positive statistically significant both long-run short-run, all else equal. show that large significantly inequality, short...

This study examined the empirical effects of electricity consumption on carbon dioxide (CO2) emissions in Iran. To achieve this goal, we applied autoregressive distributed lag (ARDL) approach. The results indicate that cointegration exists among consumption, economic growth, foreign direct investment (FDI), financial development and emissions. Also findings increase has had a impact both short ...

Purpose This paper investigates the relationship between domestic gold prices and inflation in Vietnam based on monthly series of price index consumer over period December 2001–July 2020. Design/methodology/approach The co-integration is examined within autoregressive distributed lag-error correction (ARDL bounds testing) framework. also applies vector error model (VECM) impulse response functi...

This research empirically investigated the effectiveness of interest rate policy Federal Reserve (Fed) on managing subprime mortgage crisis. The study employed autoregressive distributed lag model (ARDL) to analyze stability Fed’s monetary policy, thereby providing an alternative analysis tool. Correlation results showed a strong positive and statistically significant relationship between Fed f...

This study examines the contribution of financial development to poverty reduction in Indonesia using autoregressive distributed lag (ARDL) bound testing approach cointegration framework. It also employs annual data several measures such as domestic credit, broad money, and indexes from 1986 2018. Our findings suggest that have a relationship, regardless indicators used. Furthermore, we find in...