Yazar "Kacou, Kacou Yves Thierry" seçeneğine göre listele

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    Are oil-clean energy and high technology stock prices in the same straits? Bubbles speculation and time-varying perspectives
    (PERGAMON-ELSEVIER SCIENCE LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, ENGLAND, 2021) Kassouri, Yacouba; Kacou, Kacou Yves Thierry; Alola, Andrew Adewale
    Motivated by the drive to improve the performance and growth of clean energy technology amidst related high-tech innovations, the vulnerability of clean energy and high-tech stock prices to oil shocks is examined, by illustrating the potential bubbles and time-varying interactions among the commodities over the period from January 2004 to December 2017. In this regard, we contribute to the literature in two aspects. First, we analyze an empirically important issue with the SADF (Supremum Augmented Dickey-Fuller) approach for explosive bubbles in oil price, clean energy, and high-tech stock prices. Second, the Markov Chain Monte Carlo (MCMC) approach of the Bayesian time-varying parameter Vector Autoregressions model with stochastic volatility (TVP-SVAR) technique is used to account for timevarying and state dependent interactions between commodities. We found that the time varying behavior of the dependence among clean energy, high technology stocks and oil prices is mainly due to major bubbles identified in the underlying series. We established contrasting evidence between the responses of clean energy and high-tech stocks to oil disruption shocks. Moreover, the stock return volatilities of high technology stocks have no effect on investors’ expectations of clean energy returns across different time horizons. Overall, this study presents significantly relevant policy guideline.
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    Examining the sustainable development approach of migrants' remittances and financial development in sub-Saharan African countries
    (WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ, 2022) Kacou, Kacou Yves Thierry; Kassouri, Yacouba; Alola, Andrew Adewale; Altuntaş, Mehmet
    In achieving a desirable sustainable economic growth in developing countries, the role of financial development and international migrant remittances cannot be underplayed. This study attempts to investigate the dynamic interactions between the migrant remittances and the financial sector development from a multidimensional perspective in 22 sub-Sahara African countries using a panel vector autoregression model over the period 2004–2017. Specifically, the study focuses on the multidimensions of financial development including financial depth, financial access, and financial efficiency in financial institutions (FI) and their relationship with the remittances. The findings suggest that: First, the migrant's remittances are detrimental for the overall FI while the FI are found to positively influence the remittances inflows. Second, the relationship between the remittances and the FI varies with the dimensions of FI. There is a positive dynamic interaction between the remittances, the financial efficiency, and financial access, except for the financial depth. The analysis in this investigation offers relevant policy directives especially on the role of remittances in building stable FI of the sub-Saharan African economies and other developing states.