Economic data is typically subject to a number of different forms of structural breaks. Ignoring
structural breaks in a model can lead to misspecification issues and false conclusions. This …

Since their introduction in the mid-1990s, the return per unit of risk or multiple on catastrophe
(cat) bonds has steadily declined. This paper investigates whether this pattern is consistent …

The endo–exo problem lies at the heart of statistical identification in many fields of science,
and is often plagued by spurious strong-and-long memory due to improper treatment of …

Abstract The Arab Spring uprising has caused a large decrease in tourism figures in Middle
East countries. At the same time, other Mediterranean competitor countries are seeing an …

This article extends the pioneering Johansen cointegration test to allow for structural breaks
in a cointegration system. Instead of using usual dummy variables, we utilize a Fourier …

This paper investigates the real interest parity hypothesis by testing stationarity of real
interest rate differentials for 52 countries with respect to the USA. Taking account of the fact …

Since the turn of the century, China has experienced economic growth that has called for
rapid industrialisation, infrastructure growth and urbanisation, making China highly …

This study re-examines the stationarity properties of per capita electricity consumption in 18
MENA countries from 1980–2021. We use a novel panel stationarity test with a Fourier …

Concurrent with the rapid development of the market for catastrophe (cat) bonds, a steady
decline in their risk premia has been observed. Whether the latter trend is consistent with the …

This study re-examines the stationarity properties of per capita electricity consumption for 25
OECD countries during the 1960-2014 period. We apply a newly developed panel …