📈 Category

econ

1128 papers

📈 economics

Disentangling the Monetary-Fiscal Nexus in a Developing Economy: A Dual-Model ARDL Analysis of Public Debt Servicing, Short-Term Debt, and Inflation in Ghana

This study analyzes Ghana's 1980–2020 data using a dual-model ARDL approach to reveal that while public debt servicing significantly reduces domestic inflation by crowding out productive spending, short-term debt maturity has no statistical impact, suggesting that currency stabilization and demand management are more critical for economic stability than altering debt profiles.

Isaac Nyame, Gabriel Osei Forkuo2026-07-07
📈 economics

Heterogeneous Trader Responses to Macroeconomic Surprises: A Simulation of Order-Flow Dynamics

This paper presents a calibrated simulation framework modeling four distinct trader archetypes to demonstrate how heterogeneous risk preferences and information levels drive varied order-flow responses to macroeconomic surprises, revealing that sophisticated, low-risk-aversion agents capitalize on shocks more effectively while ambient liquidity amplifies these dynamics.

Haochuan Wang2026-07-07
📈 economics

The impact of blue finance development on the green total factor productivity of coastal areas

This paper empirically demonstrates that blue finance development significantly enhances green total factor productivity in China's coastal cities, primarily through industrial structure upgrading, optimized green resource allocation, and strengthened environmental regulation, with effects varying by region and financial characteristics.

Shenglin Zhou, Zhicheng Wan, Yudan Cai, Na Li2026-07-07
📈 economics

Green Infrastructure Financing in Developing Countries: Trends, Opportunities and Challenges

This study systematically reviews literature and analyzes an Indian case study to identify that while developing countries utilize diverse financing mechanisms like green bonds and public–private partnerships for green infrastructure, they face significant challenges such as regulatory uncertainty and high upfront costs, necessitating strengthened governance and blended finance strategies to bridge funding gaps.

Bronson Mutanda, Bomi Nomlala2026-07-07
📈 economics

Asset-Universe Design and Action-Space Granularity in Cointegration-Based Deep Reinforcement Learning for Cryptocurrency Statistical Arbitrage

This study demonstrates that the out-of-sample performance of cointegration-based deep reinforcement learning for cryptocurrency statistical arbitrage is critically dependent on asset-universe construction and action-space granularity, with specific universe designs (such as Payment-Coin and Baseline 14) and binary action spaces yielding superior returns compared to broader universes or granular action specifications.

Veliota Drakopoulou2026-07-07
📈 economics

Machine Learning Feature Importance vs. Fixed-Effects Regression: Which Variables Actually Drive CSR–Firm Value Relationships in Africa?

This study demonstrates that combining machine learning feature importance with fixed-effects regression reveals critical nonlinearities and interaction effects—such as thresholds in board independence and context-dependent CEO duality—that traditional linear models overlook, thereby offering a superior two-step framework for understanding the drivers of CSR-firm value relationships in African financial markets.

Mutala Zubeiru, Professor Uwuigbe Olubukunola Ranti, Osman Issah2026-07-06
📈 economics

Does tax avoidance in Indonesia companies depend on factors such as political connections, fixed asset intensity, independent commissioners, profitability, and leverage?

This quantitative study of Indonesian banking firms from 2020 to 2023 reveals that while political connections, fixed asset intensity, profitability, and leverage significantly influence tax avoidance, the presence of independent commissioners does not have a statistically significant effect.

Jenny Morasa, Icuk Rangga Bawono, Rio Dhani Laksana, Ilkay Aydogmus2026-07-06