In this study we examine the dynamic interrelationship in the output–energy–environment
nexus by applying panel vector autoregression (PVAR) and impulse response function …

Globalization characterizes the economic, social, political, and cultural spheres of the
modern world. Tourism has long been claimed as a crucial force shaping globalization …

This article provides an overview of the panel vector autoregressive models (VAR) used in
macroeconomics and finance to study the dynamic relationships between heterogeneous …

This study develops a global vector autoregressive (global VAR or GVAR) model to quantify
the cross-country co-movements of tourism demand and simulate the impulse responses of …

In this paper, we provide a comprehensive analysis of the time-varying interdependence
among the economic cycles of the major world economies during the post-Great Moderation …

Both global and regional economic linkages have strengthened substantially over the past
quarter century. We employ a dynamic factor model to analyze the implications of these …

Abstract Using 2004–2013 annual data from 22 countries, this study empirically tests
whether changes in perceived health status (ie,“health shocks”) can affect the impacts …

Background Immigration has become a structural phenomenon in Italy, a country reputed as
being 'immigrant-friendly'. The increase in the proportion of immigrants has led to increasing …

The consideration of the agricultural sector within the business cycle analysis is crucial for
both diagnostic analysis and economic policy in developing countries. One of the critical …

Sustainable development is increasingly recognized for its reliance on grassroots, bottom-
up practices embedded in local communities. The economic literature has tested various …