• Cognition, optimism, and the formation of age‐dependent survival beliefs 

  Grevenbrock, Nils; Groneck, Max; Ludwig, Alexander; Zimper, Alexander (Wiley, 2021-05-02)

  This article investigates the roles of psychological biases for deviations between subjective survival beliefs (SSBs) and objective survival probabilities. We model these deviations through age-dependent inverse ...
• The relationship between economic policy uncertainty and corporate tax rates 

  Clance, M.W. (Matthew); Gozgor, Giray; Gupta, Rangan; Lau, Chi Keung Marco (World Scientific Publishing, 2021-04)

  This paper investigates the relationship between economic policy uncertainty and corporate tax rates in a panel dataset of 126 countries throughout 2003–2018. We use the so-called “World Uncertainty Index” to measure the ...
• Investor sentiment connectedness : evidence from linear and nonlinear causality approaches  

  Tiwari, Aviral Kumar; Bathia, Deven; Bouri, Elie; Gupta, Rangan (World Scientific Publishing, 2021-12)

  This paper provides a novel perspective in determining the Granger causality of sentiment across the US, Latin America, Eurozone, Japan and Asia (excluding Japan), based on monthly data covering the period of January ...
• Uncertainty and daily predictability of housing returns and volatility of the United States : evidence from a higher-order nonparametric causality-in-quantiles test 

  Bouri, Elie; Gupta, Rangan; Kyei, Clement Kweku; Shivambu, Rinsuna (Elsevier, 2021-11)

  We analyse the ability of a newspaper-based metric of uncertainty of the United States in predicting housing market movements using daily data over the period 2nd August, 2007 to 24th June, 2020. For our purpose, we use a ...
• Dynamic impact of the U.S. monetary policy on oil market returns and volatility 

  Marfatia, Hardik A.; Gupta, Rangan; Cakan, Esin (Elsevier, 2021-05)

  In this paper, we assess the dynamic impact of the U.S. monetary policy announcements on oil market futures returns and volatility. We use intra-day data for West Texas Intermediate (WTI) oil futures together with a ...
• Credit ratings and predictability of stock return dynamics of the BRICS and the PIIGS : evidence from a nonparametric causality-in-quantiles approach 

  Balcilar, Mehmet; Bathia, Deven; Demirer, Riza; Gupta, Rangan (Elsevier, 2021-02)

  This paper provides a novel perspective on the predictive ability of credit rating announcements over stock market returns and volatility using a novel methodology that formally distinguishes between different market states ...
• Race and energy poverty : evidence from African-American households 

  Dogan, Eyup; Madaleno, Mara; Inglesi-Lotz, Roula; Taskin, Dilvin (Elsevier, 2022-04)

  Even though energy poverty has been widely discussed in many countries, only a few studies attempt to understand the nexus of race and energy poverty. To fill the gap in the literature, this study analyses the effect of ...
• The effect of mismatched supply and demand of electricity on economic growth in South Africa 

  Mabugu, Tichinashe; Inglesi-Lotz, Roula (Taylor and Francis, 2022)

  Since 2008, the South African economy has experienced several power cuts (unplanned or as part of a load-shedding schedule), presumably because of the inability of the electricity supply to cover the demand. This paper ...
• Investigating the environmental Kuznets curve hypothesis amidst geopolitical risk : global evidence using bootstrap ARDL approach 

  Hashmi, Shabir Mohsin; Bhowmik, Roni; Inglesi-Lotz, Roula; Syed, Qasim Raza (Springer, 2022-04)

  Environmental concerns have become one of the top inevitable issues the world has been facing nowadays. Human-induced carbon emissions are the main reasons behind these environmental issues and to reduce them and mitigate ...
• Conflict heterogeneity in Africa 

  Chisadza, Carolyn; Clance, M.W. (Matthew) (Wiley, 2021-12)

  The economic development literature widely concurs that conflicts have adverse economic consequences that contribute to poverty, disinvestment and lower human capital leading to widespread inequality and lower economic ...
• Moving from a bad to a good pricing regime : the South African private health care market 

  Picard, Eric; Zimper, Alexander (Wiley, 2022-06)

  The South African private health care market combines a highly concentrated demand side with expensive medical services. This combination suggests that medical insurance schemes are not using their full market power. To ...
• Bitcoin mining activity and volatility dynamics in the power market 

  Karmakar, Sayar; Demirer, Riza; Gupta, Rangan (Elsevier, 2021-12)

  Utilizing a measure of the Bitcoin network’s daily electricity load, we document a significant volatility effect of Bitcoin mining activity in three prominent electricity markets in the U.S. The volatility effect is found ...
• The impact of disaggregated oil shocks on state-level real housing returns of the United States : the role of oil dependence 

  Gupta, Rangan; Sheng, Xin; Van Eyden, Renee; Wohar, Mark E. (Elsevier, 2021-11)

  We analyse the impact of oil supply, global economic activity, oil-specific consumption demand and oil inventory demand shocks on state-level real housing returns of the United States (US) over the monthly period of 1975:02 ...
• Income inequality and oil resources : panel evidence from the United States 

  Berisha, Edmond; Chisadza, Carolyn; Clance, M.W. (Matthew); Gupta, Rangan (Elsevier, 2021-12)

  The resource curse is sometimes associated with poor resource-rich countries. However, using panel evidence from the United States, we find that the resource curse is also prevalent in a wealthy resource-rich country. This ...
• Globalization, long memory, and real interest rate convergence : a historical perspective 

  Canarella, Giorgio; Gil-Alana, Luis A.; Gupta, Rangan; Miller, Stephen M. (Springer, 2022-11)

  This paper investigates whether the real interest rate parity (RIRP) is valid during the three waves of globalizations that occurred in the last 150 years (1870–1914, 1944–1971, 1989 to the present). If any, these periods ...
• Geopolitical risk and forecastability of tail risk in the oil market : evidence from over a century of monthly data 

  Salisu, Afees A.; Pierdzioch, Christian; Gupta, Rangan (Elsevier, 2021-11)

  Using monthly data for the period from 1916 to 2020, we report that geopolitical risk, when decomposed into threats and actual risk, has predictive value for tail risk in the oil market. When we study the full sample of ...
• Financial market connectedness : the role of investors' happiness 

  Bouri, Elie; Demirer, Riza; Gabauer, David; Gupta, Rangan (Elsevier, 2022-01)

  We examine the relationship between investor sentiment and connectedness patterns across global stock markets within a quantile-on-quantile framework. Our findings show that investor happiness has a significant effect on ...
• Do oil-price shocks predict the realized variance of U.S. REITs? 

  Bonato, Matteo; Cepni, Oguzhan; Gupta, Rangan; Pierdzioch, Christian (Elsevier, 2021-12)

  We examine, using aggregate and sectoral U.S. data for the period 2008–2020, the predictive power of disentangled oil-price shocks for Real Estate Investment Trusts (REITs) realized market variance via the heterogeneous ...
• A robust approach for outlier imputation : singular spectrum decomposition 

  Movahedifar, Maryam; Hassani, Hossein; Yarmohammadi, Masoud; Kalantari, Mahdi; Gupta, Rangan (Taylor and Francis, 2022)

  Please read abstract in the article.
• A note on the COVID-19 shock and real GDP in emerging economies 

  Salisu, Afees A.; Adediran, Idris A.; Gupta, Rangan (Routledge, 2022)

  In this study, we estimate a multi-country Threshold-Augmented Global Vector Autoregressive (TGVAR) model to analyze the response of real GDP of emerging economies (Brazil, India, China, and South Africa) with reference ...

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