Non-Linear Relationship Between Financial Stress and Economic Activity in Times of Heightened Uncertainty: Evidence from Emerging Economy
Анотація
This study analyzes the non-linear relationship between financial stress and real economic activity in Ukraine from 2008 to 2025 using a smooth transition regression framework. The empirical results indicate asymmetric, regime-dependent responses of GDP to financial stress shocks. Using the Financial Stress Index as a transition variable, three regimes – low, intermediate, and high stress – are identified. The intermediate regime, which reflects the current environment shaped by the protracted Russian full-scale invasion, is characterized by persistent uncertainty, subdued growth and fragile equilibrium conditional on financial stress.
Класифікація
Ідентифікатори
Рецензії (0)
Написати рецензіюРецензій ще немає. Будьте першим!
Схожі роботи
Time-Varying Global Financial Stress Contagion in a Decade of Trade Wars and Geopolitical Fractures
Схоже за: Regional resilience and development · Market Dynamics and Volatility · COVID-19 Pandemic Impacts
PANDEMIC SHOCKS AND INTERNATIONAL ECONOMIC RISKS
Схоже за: Regional resilience and development · COVID-19 Pandemic Impacts
IMPACT OF SHORT-TERM EXTERNAL SHOCKS ON THE WORLD AND EUROPEAN ECONOMIES
Схоже за: Regional resilience and development · Market Dynamics and Volatility
THE IMPACT OF GLOBAL MARKET VOLATILITY ON THE FINANCIAL RESILIENCE OF AGRIBUSINESS ENTITIES: RISK ASSESSMENT AND ADAPTIVE MITIGATION FRAMEWORKS
Схоже за: Regional resilience and development · COVID-19 Pandemic Impacts
THE IMPACT OF GLOBAL MARKET VOLATILITY ON THE FINANCIAL RESILIENCE OF AGRIBUSINESS ENTITIES: RISK ASSESSMENT AND ADAPTIVE MITIGATION FRAMEWORKS
Схоже за: Regional resilience and development · COVID-19 Pandemic Impacts
Covid-19’s Impact on Financial Stability
Схоже за: Regional resilience and development · COVID-19 Pandemic Impacts