The Interaction Between Financial Development and Economic Growth: A Novel Application of Transfer Entropy and Nonlinear Approach in Algeria DOI Creative Commons
Abdullah Mohammad Ghazi Al Khatib, Bayan Mohamad Alshaib,

Ali Mohamad Kanaan

et al.

SAGE Open, Journal Year: 2023, Volume and Issue: 13(4)

Published: Oct. 1, 2023

This study examines the complex interaction between Financial Development (FD) and Economic Growth (EG) in Algeria from 1980 to 2020 using nonlinear modeling techniques. We apply Non-Linear Causality test with Transfer Entropy, a novel method this literature, confirm causality FD EG. also use Nonlinear Autoregressive Distributed Lag (NARDL) model Cumulative Dynamic Multiplier (CDM) establish long-run equilibrium short-run dynamic relationship The NARDL results support Entropy findings show that has symmetric impact on EG both short long term. Positive negative shocks affect similarly imbalance is corrected about 6 years. provides useful information for policymakers stakeholders design policies promote development by enhancing mitigating shocks. JEL Codes: C45, C32, E44, O16, O53

Language: Английский

Research on Risk Contagion in ESG Industries: An Information Entropy-Based Network Approach DOI Creative Commons

Chenglong Hu,

R. Guo

Entropy, Journal Year: 2024, Volume and Issue: 26(3), P. 206 - 206

Published: Feb. 27, 2024

Sustainable development is a practical path to optimize industrial structures and enhance investment efficiency. Investigating risk contagion within ESG industries crucial step towards reducing systemic risks fostering the green evolution of economy. This research constructs industry indices, taking into account possibility extreme tail risks, employs VaR CoVaR as measures risk. The TENET network approach integrated capture structural direction information flow among industries, employing entropy quantify topological characteristics model, exploring transmission paths patterns in an event. Finally, Mantel tests are conducted examine existence significant spillover effects between traditional industries. finds strong correlations indices during stock market crash, Sino-US trade frictions, COVID-19 pandemic, with such COAL, CMP, COM, RT, RE playing key roles network, transmitting other Affected by risk, significantly decreases, uncertainty leading participants adopt more uniform strategies, thus diminishing diversity behaviors. show resilience face demonstrating lack

Language: Английский

Citations

4
The Interaction Between Financial Development and Economic Growth: A Novel Application of Transfer Entropy and Nonlinear Approach in Algeria DOI Creative Commons
Abdullah Mohammad Ghazi Al Khatib, Bayan Mohamad Alshaib,

Ali Mohamad Kanaan

et al.

SAGE Open, Journal Year: 2023, Volume and Issue: 13(4)

Published: Oct. 1, 2023

This study examines the complex interaction between Financial Development (FD) and Economic Growth (EG) in Algeria from 1980 to 2020 using nonlinear modeling techniques. We apply Non-Linear Causality test with Transfer Entropy, a novel method this literature, confirm causality FD EG. also use Nonlinear Autoregressive Distributed Lag (NARDL) model Cumulative Dynamic Multiplier (CDM) establish long-run equilibrium short-run dynamic relationship The NARDL results support Entropy findings show that has symmetric impact on EG both short long term. Positive negative shocks affect similarly imbalance is corrected about 6 years. provides useful information for policymakers stakeholders design policies promote development by enhancing mitigating shocks. JEL Codes: C45, C32, E44, O16, O53

Language: Английский

Citations

2