Skip to main content

Research Repository

Advanced Search

Outputs (26)

Essays on Income Inequality, Financial Inclusion, and Economic Growth: Evidence from Nigeria (2024)
Thesis
Ossai, L. (2024). Essays on Income Inequality, Financial Inclusion, and Economic Growth: Evidence from Nigeria. (Thesis). University of Hull. https://hull-repository.worktribe.com/output/4920478

Studies on the relationship between income inequality and economic growth, especially in low-income nations like Nigeria, have garnered significant interest. Some scholars argue that income inequality stimulate economic growth, while others contend i... Read More about Essays on Income Inequality, Financial Inclusion, and Economic Growth: Evidence from Nigeria.

Perception of corruption as a business obstacle, generalized trust and relation centrism in low- and middle-income nations: the moderating influence of governance (2024)
Journal Article
Olarewaju, T., Tamvada, J. P., McDowall-Emefiele, S., & Swaray, R. (online). Perception of corruption as a business obstacle, generalized trust and relation centrism in low- and middle-income nations: the moderating influence of governance. Review of Managerial Science, https://doi.org/10.1007/s11846-024-00802-9

We examine regional differences in how generalized trust and relation centrism influence how 16,785 firms across 20 lower- and middle-income countries perceive corruption as a business obstacle. Using the machine learning method LASSO, our empirical... Read More about Perception of corruption as a business obstacle, generalized trust and relation centrism in low- and middle-income nations: the moderating influence of governance.

Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty (2023)
Journal Article
Adediran, I. A., & Swaray, R. (2023). Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty. Economic modelling, 123, Article 106279. https://doi.org/10.1016/j.econmod.2023.106279

Economic policy uncertainty (EPU) and geopolitical uncertainty (GPU) can fuel speculation, flood the carbon trading market with excess allowances, and undermine the scheme's efficacy in tackling climate change. While the existing literature documents... Read More about Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty.

Tourism and Troubles: Effects of Security Threats on the Global Travel and Tourism Industry Performance (2022)
Journal Article
Akamavi, R. K., Ibrahim, F., & Swaray, R. (2022). Tourism and Troubles: Effects of Security Threats on the Global Travel and Tourism Industry Performance. Journal of Travel Research, https://doi.org/10.1177/00472875221138792

The literature on the effects of security threats such as terrorism, political instability, and geopolitical power-plays on travel and tourism has produced mixed results with scant attention paid to the spillover effects on the tourism economy (e.g.,... Read More about Tourism and Troubles: Effects of Security Threats on the Global Travel and Tourism Industry Performance.

Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices (2020)
Journal Article
Salisu, A. A., Salisu, A. A., Swaray, R., & Sa'id, H. (in press). Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.1944

We investigate the power of commodity prices to improve inflation forecast performance in 21 OECD countries, within the framework of commodity prices-augmented Phillips curve model. Using monthly data spanning over 57 years, we use single and multi-f... Read More about Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices.

Forecasting the return volatility of energy prices: a GARCH-MIDAS approach (2020)
Book Chapter
Salisu, A. A., & Swaray, R. (2020). Forecasting the return volatility of energy prices: a GARCH-MIDAS approach. In S. Goutte, & D. K. Nguyen (Eds.), Handbook of energy finance: Theories, practices and simulations (47-71). World Scientific Publishing. https://doi.org/10.1142/11213

This chapter offers an extension to the literature on energy prices by forecasting the return volatility of these prices using the GARCH-MIDAS approach. In addition to the realized volatility, it also evaluates the predictability of relevant macroeco... Read More about Forecasting the return volatility of energy prices: a GARCH-MIDAS approach.

Impacts of taxation and financial development in Thailand : CGE and econometric analyses (2019)
Thesis
Chonlakan Benjasak. Impacts of taxation and financial development in Thailand : CGE and econometric analyses. (Thesis). University of Hull. https://hull-repository.worktribe.com/output/4223691

The primary focus of this thesis is to investigate the impacts of tax reform, energy consumption and financial development on the growth and efficiency of the Thai economy. There are three main objectives, which are (i) to evaluate the impacts of ref... Read More about Impacts of taxation and financial development in Thailand : CGE and econometric analyses.

A fractional cointegration VAR analysis of Islamic stocks: A global perspective (2019)
Journal Article
Salisu, A. A., Ndako, U. B., Adediran, I. A., & Swaray, R. (2020). A fractional cointegration VAR analysis of Islamic stocks: A global perspective. North American journal of economics and finance, 51, Article 101056. https://doi.org/10.1016/j.najef.2019.101056

In this study, we analyse the behaviour of Islamic stocks from a global perspective covering an array of regional Islamic stock markets. Both the fractional integration and fractional cointegration techniques are employed. Thus, we are able to establ... Read More about A fractional cointegration VAR analysis of Islamic stocks: A global perspective.

Can urban coffee consumption help predict US inflation? (2019)
Journal Article
Salisu, A. A., Swaray, R., & Adediran, I. A. (2019). Can urban coffee consumption help predict US inflation?. Journal of forecasting, 38(7), 649-668. https://doi.org/10.1002/for.2589

Motivated by the importance of coffee to Americans and the significance of the coffee subsector to the US economy, we pursue three notable innovations. First, we augment the traditional Phillips curve model with the coffee price as a predictor, and s... Read More about Can urban coffee consumption help predict US inflation?.