Uncertainty And Economic Performance In The West African Monetary Zone (Wamz): A Fixed Effect Panel Threshold Approach
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- By Mohsin S. Khan & Abdelhak S. Senhadji, 2001.
"Threshold Effects in the Relationship Between Inflation and Growth,"
IMF Staff Papers, Palgrave Macmillan, vol. 48(1), pages 1-1.
- Mr. Mohsin S. Khan & Mr. Abdelhak S Senhadji, 2000. "Threshold Effects in the Relationship Between Inflation and Growth," IMF Working Papers 2000/110, International Monetary Fund.
- Angus Moore, 2017.
"Measuring Economic Uncertainty and Its Effects,"
The Economic Record, The Economic Society of Australia, vol. 93(303), pages 550-575, December.
- Angus Moore, 2016. "Measuring Economic Uncertainty and Its Effects," RBA Research Discussion Papers rdp2016-01, Reserve Bank of Australia.
- Pierre-Olivier Gourinchas & Thomas Philippon & Dimitri Vayanos, 2017.
"The Analytics of the Greek Crisis,"
NBER Macroeconomics Annual, University of Chicago Press, vol. 31(1), pages 1-81.
- Pierre-Olivier Gourinchas & Thomas Philippon & Dimitri Vayanos, 2016. "The Analytics of the Greek Crisis," NBER Chapters, in: NBER Macroeconomics Annual 2016, Volume 31, pages 1-81, National Bureau of Economic Research, Inc.
- Gourinchas, PO & Philippon, T & Vayanos, D, 2016. "The analytics of the greek crisis," Department of Economics, Working Paper Series qt2cg7m1gf, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Pierre-Olivier Gourinchas & Thomas Philippon & Dimitri Vayanos, 2016. "The Analytics of the Greek Crisis," NBER Working Papers 22370, National Bureau of Economic Research, Inc.
- Gourinchas, Pierre-Olivier & Philippon, Thomas & Vayanos, Dimitri, 2017. "The analytics of the Greek crisis," LSE Research Online Documents on Economics 82433, London School of Economics and Political Science, LSE Library.
- Pierre-Olivier Gourinchas & Thomas Philippon & Dimitri Vayanos, 2016. "The Analytics of the Greek Crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 100, Hellenic Observatory, LSE.
- Gourinchas, Pierre-Olivier & Philippon, Thomas & Vayanos, Dimitri, 2016. "The Analytics of the Greek Crisis," CEPR Discussion Papers 11334, C.E.P.R. Discussion Papers.
- Shiller, Robert J, 1983. "Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?: Reply," American Economic Review, American Economic Association, vol. 73(1), pages 236-237, March.
- Abhijit Banerjee & Lakshmi Iyer, 2005.
"History, Institutions, and Economic Performance: The Legacy of Colonial Land Tenure Systems in India,"
American Economic Review, American Economic Association, vol. 95(4), pages 1190-1213, September.
- Abhijit Banerjee & Lakshmi Iyer, 2010. "History Institutions and Economic Performance: The Legacy of Colonial Land Tenure Systems in India," Working Papers id:2811, eSocialSciences.
- Jeronimo Carballo & Kyle Handley & Nuno Limão, 2018. "Economic and Policy Uncertainty: Export Dynamics and the Value of Agreements," NBER Working Papers 24368, National Bureau of Economic Research, Inc.
- Asimakopoulos, Stylianos & Karavias, Yiannis, 2016.
"The impact of government size on economic growth: A threshold analysis,"
Economics Letters, Elsevier, vol. 139(C), pages 65-68.
- Stylianos Asimakopoulos & Yiannis Karavias, 2015. "The impact of government size on economic growth: a threshold analysis," Discussion Papers 15/02, University of Nottingham, Granger Centre for Time Series Econometrics.
- Hansen, Bruce E., 1999.
"Threshold effects in non-dynamic panels: Estimation, testing, and inference,"
Journal of Econometrics, Elsevier, vol. 93(2), pages 345-368, December.
- Bruce E. Hansen, 1997. "Threshold effects in non-dynamic panels: Estimation, testing and inference," Boston College Working Papers in Economics 365, Boston College Department of Economics.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
- Eleftherios Goulas & Athina Zervoyianni, 2013.
"Economic growth and crime: does uncertainty matter?,"
Applied Economics Letters, Taylor & Francis Journals, vol. 20(5), pages 420-427, March.
- Eleftherios Goulas & Athina Zervoyianni, 2012. "Economic Growth and Crime: Does Uncertainty Matter?," Working Paper series 51_12, Rimini Centre for Economic Analysis.
- Jesus Fernandez-Villaverde & Pablo Guerron-Quintana & Juan F. Rubio-Ramirez & Martin Uribe, 2011.
"Risk Matters: The Real Effects of Volatility Shocks,"
American Economic Review, American Economic Association, vol. 101(6), pages 2530-2561, October.
- Jesús Fernández-Villaverde & Pablo A. Guerrón-Quintana & Juan Rubio-Ramírez & Martín Uribe, 2009. "Risk Matters: The Real Effects of Volatility Shocks," NBER Working Papers 14875, National Bureau of Economic Research, Inc.
- Pablo A. Guerron-Quintana & Martin Uribe & Juan Rubio-Ramirez & Jesús Fernández-Villaverde, 2009. "Risk Matters: The Real E¤ects of Volatility Shocks," 2009 Meeting Papers 237, Society for Economic Dynamics.
- Fernández-Villaverde, Jesús & Guerron-Quintana, Pablo A. & Rubio-Ramírez, Juan Francisco & Uribe, Martín, 2009. "Risk Matters: The Real Effects of Volatility Shocks," CEPR Discussion Papers 7264, C.E.P.R. Discussion Papers.
- Pablo Guerron & Martin Uribe & Juan Rubio-Ramirez & Jesus Fernandez-Villaverde, 2010. "Risk Matters: The Real Effects of Volatility Shocks," 2010 Meeting Papers 281, Society for Economic Dynamics.
- Jesus Fernandez-Villaverde & Pablo Guerron-Quintana & Juan F. Rubio-RamÃrez & Martin Uribe, 2009. "Risk Matters: The Real Effects of Volatility Shocks," PIER Working Paper Archive 09-013, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Harris, Richard D. F. & Tzavalis, Elias, 1999.
"Inference for unit roots in dynamic panels where the time dimension is fixed,"
Journal of Econometrics, Elsevier, vol. 91(2), pages 201-226, August.
- Tom Doan, "undated". "HTUNIT: RATS procedure to implement Harris-Tzavalis unit root test for panel data," Statistical Software Components RTS00092, Boston College Department of Economics.
- Kaddour Hadri, 2000.
"Testing for stationarity in heterogeneous panel data,"
Econometrics Journal, Royal Economic Society, vol. 3(2), pages 148-161.
- Kaddour Hadri, 1999. "Testing For Stationarity In Heterogeneous Panel Data," Working Papers 1999_04, University of Liverpool, Department of Economics.
- Tom Doan, "undated". "HADRI: RATS procedure to implement Hadri test for unit roots in panel data," Statistical Software Components RTS00084, Boston College Department of Economics.
- Steinberg, Joseph B., 2019.
"Brexit and the macroeconomic impact of trade policy uncertainty,"
Journal of International Economics, Elsevier, vol. 117(C), pages 175-195.
- Joseph Steinberg, 2017. "Brexit and the Macroeconomic Impact of Trade Policy Uncertainty," 2017 Meeting Papers 216, Society for Economic Dynamics.
- Qunyong Wang, 2015. "Fixed-effect panel threshold model using Stata," Stata Journal, StataCorp LP, vol. 15(1), pages 121-134, March.
- Robert McDonald & Daniel Siegel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, Oxford University Press, vol. 101(4), pages 707-727.
- Adam, Christopher S. & Bevan, David L., 2005.
"Fiscal deficits and growth in developing countries,"
Journal of Public Economics, Elsevier, vol. 89(4), pages 571-597, April.
- Christopher Adam & David Bevan, 2002. "Fiscal Deficits and Growth in Developing Countries," Economics Series Working Papers 120, University of Oxford, Department of Economics.
- Afi Etonam Adetou & Komlan Fiodendji, 2019. "Finance, Institutions, Remittances and Economic growth: New Evidence from a Dynamic Panel Threshold Analysis," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 9(2), pages 1-4.
- Duffy, John & Papageorgiou, Chris, 2000. "A Cross-Country Empirical Investigation of the Aggregate Production Function Specification," Journal of Economic Growth, Springer, vol. 5(1), pages 87-120, March.
- Cohen-Cole, Ethan B. & Durlauf, Steven N. & Rondina, Giacomo, 2012.
"Nonlinearities in growth: From evidence to policy,"
Journal of Macroeconomics, Elsevier, vol. 34(1), pages 42-58.
- Cohen-Cole,E.B. & Durlauf,S.N. & Rondina,G., 2005. "Nonlinearities in growth : from evidence to policy," Working papers 9, Wisconsin Madison - Social Systems.
- Steven J. Davis, 2016. "An Index of Global Economic Policy Uncertainty," NBER Working Papers 22740, National Bureau of Economic Research, Inc.
- Myung Hwan Seo & Sueyoul Kim & Young-Joo Kim, 2019.
"Estimation of dynamic panel threshold model using Stata,"
Stata Journal, StataCorp LP, vol. 19(3), pages 685-697, September.
- Myung Hwan Seo & Sueyoul Kim & Young-Joo Kim, 2019. "Estimation of Dynamic Panel Threshold Model using Stata," Papers 1902.10318, arXiv.org.
- Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003.
"Testing for unit roots in heterogeneous panels,"
Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
- Pasaran, M.H. & Im, K.S. & Shin, Y., 1995. "Testing for Unit Roots in Heterogeneous Panels," Cambridge Working Papers in Economics 9526, Faculty of Economics, University of Cambridge.
- Tom Doan, "undated". "IPSHIN: RATS procedure to implement Im, Pesaran and Shin panel unit root test," Statistical Software Components RTS00098, Boston College Department of Economics.
- G. S. Maddala & Shaowen Wu, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 631-652, November.
- Ben S. Bernanke, 1983. "Irreversibility, Uncertainty, and Cyclical Investment," The Quarterly Journal of Economics, Oxford University Press, vol. 98(1), pages 85-106.
- Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002.
"Unit root tests in panel data: asymptotic and finite-sample properties,"
Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
- Tom Doan, "undated". "LEVINLIN: RATS procedure to perform Levin-Lin-Chu test for unit roots in panel data," Statistical Software Components RTS00242, Boston College Department of Economics.
- Jonathan Brogaard & Andrew Detzel, 2015. "The Asset-Pricing Implications of Government Economic Policy Uncertainty," Management Science, INFORMS, vol. 61(1), pages 3-18, January.
- Maddala, G S & Wu, Shaowen, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(0), pages 631-652, Special I.
- Huseyin Gulen & Mihai Ion, 2016. "Editor's Choice Policy Uncertainty and Corporate Investment," Review of Financial Studies, Society for Financial Studies, vol. 29(3), pages 523-564.
- Costas Azariadis & Allan Drazen, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, Oxford University Press, vol. 105(2), pages 501-526.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Salisu, Afees A. & Adediran, Idris A. & Oloko, Tirimisiyu O. & Ohemeng, William, 2020. "The heterogeneous behaviour of the inflation hedging property of cocoa," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
- Erdoğan, Seyfettin & Yıldırım, Durmuş Çağrı & Gedikli, Ayfer, 2020. "Natural resource abundance, financial development and economic growth: An investigation on Next-11 countries," Resources Policy, Elsevier, vol. 65(C).
- Kotcharin, Suntichai & Maneenop, Sakkakom, 2020. "Geopolitical risk and corporate cash holdings in the shipping industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 136(C).
- Yıldırım, Seda & Gedikli, Ayfer & Erdoğan, Seyfettin & Yıldırım, Durmuş Çağrı, 2020. "Natural resources rents-financial development nexus: Evidence from sixteen developing countries," Resources Policy, Elsevier, vol. 68(C).
- Pan, Wei-Fong & Wang, Xinjie & Yang, Shanxiang, 2019. "Debt maturity, leverage, and political uncertainty," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
- Chow Sheung-Chi & Cunado Juncal & Gupta Rangan & Wong Wing-Keung, 2018.
"Causal relationships between economic policy uncertainty and housing market returns in China and India: evidence from linear and nonlinear panel and time series models,"
Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 22(2), pages 1-15, April.
- Sheung-Chi Chow & Juncal Cunado & Rangan Gupta & Wing-Keung Wong, 2016. "Causal Relationships between Economic Policy Uncertainty and Housing Market Returns in China and India: Evidence from Linear and Nonlinear Panel and Time Series Models," Working Papers 201674, University of Pretoria, Department of Economics.
- Gharehgozli, Orkideh, 2021. "An empirical comparison between a regression framework and the Synthetic Control Method," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 70-81.
- Abakah, Emmanuel Joel Aikins & Caporale, Guglielmo Maria & Gil-Alana, Luis Alberiko, 2021.
"Economic policy uncertainty: Persistence and cross-country linkages,"
Research in International Business and Finance, Elsevier, vol. 58(C).
- Emmanuel Joel Aikins Abakah & Guglielmo Maria Caporale & Luis A. Gil-Alana, 2020. "Economic Policy Uncertainty: Persistence and Cross-Country Linkages," CESifo Working Paper Series 8289, CESifo.
- MAGAZZINO, Cosimo & LEOGRANDE, Angelo, 2021. "Subjective Well-Being In Italian Regions: A Panel Data Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(1), pages 1-18.
- Hajer Dachraoui & Maamar Sebri & Mahmoud M. A. Dwedar, 2021. "Natural Resources and Illicit Financial Flows from BRICS Countries," Biophysical Economics and Resource Quality, Springer, vol. 6(1), pages 1-13, March.
- Aydin, Celil & Esen, Ömer, 2018. "Does the level of energy intensity matter in the effect of energy consumption on the growth of transition economies? Evidence from dynamic panel threshold analysis," Energy Economics, Elsevier, vol. 69(C), pages 185-195.
- Nagmi Moftah Aimer, 2020. "Renewable energy consumption, financial development and economic growth: Evidence from panel data for the Middle East and North African countries," Economics Bulletin, AccessEcon, vol. 40(3), pages 2058-2072.
- Garba, Ifeoluwa & Bellingham, Richard, 2021. "Energy poverty: Estimating the impact of solid cooking fuels on GDP per capita in developing countries - Case of sub-Saharan Africa," Energy, Elsevier, vol. 221(C).
- Sallahuddin Hassan & Zalila Othman & Mohd Zaini Abd Karim, 2011. "Private and Public Investment in Malaysia: A Panel Time-Series Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 1(4), pages 199-210.
- Ahmadi, Maryam & Manera, Matteo & Sadeghzadeh, Mehdi, 2019.
"The investment-uncertainty relationship in the oil and gas industry,"
Resources Policy, Elsevier, vol. 63(C), pages 1-1.
- Maryam, Ahmadi & Matteo, Manera & Mehdi, Sadeghzadeh, 2018. "Investment-Uncertainty Relationship in the Oil and Gas Industry," Working Papers 379, University of Milano-Bicocca, Department of Economics, revised 10 Apr 2018.
- Ahmadi, Maryam & Manera, Matteo & Sadeghzadeh, Mehdi, 2018. "Investment-Uncertainty Relationship in the Oil and Gas Industry," ETA: Economic Theory and Applications 273141, Fondazione Eni Enrico Mattei (FEEM).
- Maryam Ahmadi & Matteo Manera & Mehdi Sadeghzadeh, 2018. "Investment-Uncertainty Relationship in the Oil and Gas Industry," Working Papers 2018.13, Fondazione Eni Enrico Mattei.
- David Greasley & Les Oxley, 2010.
"Cliometrics And Time Series Econometrics: Some Theory And Applications,"
Journal of Economic Surveys, Wiley Blackwell, vol. 24(5), pages 970-1042, December.
- David Grreasley, 2010. "Cliometrics and Time Series Econometrics: Some Theory and Applications," Working Papers in Economics 10/56, University of Canterbury, Department of Economics and Finance.
- Yao Rao & Kaddour Hadri & Ruijun Bu, 2010. "Testing For Stationarity In Heterogeneous Panel Data In The Case Of Model Misspecification," Bulletin of Economic Research, Wiley Blackwell, vol. 62(3), pages 209-225, July.
- Tosapol Apaitan & Pongsak Luangaram & Pym Manopimoke, 2022. "Uncertainty in an emerging market economy: evidence from Thailand," Empirical Economics, Springer, vol. 62(3), pages 933-989, March.
- Chen, Chaoyi & Pinar, Mehmet & Stengos, Thanasis, 2021. "Determinants of renewable energy consumption: Importance of democratic institutions," Renewable Energy, Elsevier, vol. 179(C), pages 75-83.
- Phan, Dinh Hoang Bach & Tran, Vuong Thao & Nguyen, Dat Thanh, 2019. "Crude oil price uncertainty and corporate investment: New global evidence," Energy Economics, Elsevier, vol. 77(C), pages 54-65.
More about this item
Keywords
Uncertainty; Growth; West African Monetary Zone; Global Uncertainty Index; Panel Threshold;All these keywords.
JEL classification:
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wam:wpaper:19. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/wamingh.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MOHAMED FOFANA (email available below). General contact details of provider: https://edirc.repec.org/data/wamingh.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.