Do Economic and Financial Stabilities Matter for Political Stability in Estonia?

Dervis Kirikkaleli (), Fusun Celebi Boz () and Melike Torun ()
Additional contact information
Dervis Kirikkaleli: European University of Lefke
Fusun Celebi Boz: Sakarya University of Applied Sciences
Melike Torun: Istanbul University Cerrahpasa

Journal of the Knowledge Economy, 2024, vol. 15, issue 3, No 188, 15202-15217

Abstract: Abstract This study aims to investigate the causal impact of economic and financial stability on political stability in Estonia. With the purpose of determining robust results for the study in mind, both traditional and modern causality methods are employed. To that end, we utilized the nonparametric Diks and Panchenko causality and frequency-domain Granger causality tests. Our nonparametric causality findings reveal that changes in economic and financial stability in Estonia lead to significant changes in political stability, thus indicating how economic and financial factors are important for political stability in Estonia. These results are consistent with findings from spectral causality at different frequencies.

Keywords: Economic stability; Financial stability; Political stability; Frequency-domain causality; Estonia (search for similar items in EconPapers)
JEL-codes: C50 C53 E17 G00 P00 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-023-01662-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:15:y:2024:i:3:d:10.1007_s13132-023-01662-6

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-023-01662-6

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().