privatization advocates believe that transfer to private sector increases firm’s performance and value, business environment, and therefore economic growth and welfare improves. in this research, by using the 70 accepted firms in the tehran stock exchange for the period of 2005 to 2009, we investigate the effect of firm’s ownership structure on their value by applying generalized method of mome...

Given the high resilience of Central and Eastern Europe (CEE) banking sectors during last financial crisis their major role in CEE region financing economy supporting growth rates achieved there, our paper investigates determinants profitability based on a Generalized Method Methods (GMM) approach using data between 2009 2018. We have selected from macroeconomic factors financial-banking specif...

This paper develops a new asymptotic theory for GMM estimation and inference in the presence of clustered dependence. The key feature our alternative asymptotics is that number clusters G regarded as fixed sample size increases. Under fixed-G asymptotics, we show Wald t tests two-step are asymptotically pivotal only if recenter estimated moment process covariance estimator (CCE). Also, J statis...

Longitudinal clustering provides a detailed yet comprehensible description of time profiles among subjects. With several approaches that are commonly used for this purpose, it remains unclear under which conditions method is preferred over another method. We investigated the performance five methods using Monte Carlo simulations on synthetic datasets, representing various scenarios involving po...

The study examined the impact of energy intensity in sub-Saharan Africa from 1970 to 2019.The broke into regional bloc since there may be policy variation across SSA. A dynamic panel data approach was employed unravel relationship between and economic growth. conducted a unit root Test confirm stationarity series. results showed that Levinlin Chu statistics with their corresponding p-values ref...

The impact of the sharing economy has become increasingly prominent in facilitating sustainable economic growth. current study examined this relationship context emerging markets. It addressed influence income inequality on restricting expected benefits from activities associated with assets or services. employed panel data 20 developing countries across Africa and Asia 2001 to 2020 used dynami...

The paper aims to recover the critical role of banks in defining relationship between Financial Development and growth. We hypothesize that Banks can positively motivate templatized GDP A System GMM estimation growth a sample high emerging markets from Asia investigates if bank stocks contain information beyond monetary banking aggregates. In with 5 % growth, create 0.22 for every 1 SD excess r...