Economic uncertainty
A worldwide concern, a causal and cointegrating analysis among high uncertainty countries
Bibliographic Data
| ID | 22233587 |
|---|---|
| Authors | Supipi Hansika (0009-0009-5085-8930, Sri Lanka Institute of Information Technology), Priyan Navamohan (0009-0002-0145-2773, Sri Lanka Institute of Information Technology), Dinuli Gamage (0009-0001-0559-5598, Sri Lanka Institute of Information Technology), Ridmi Madurawala (0009-0009-4319-2755, Sri Lanka Institute of Information Technology), Ruwan Jayathilaka (0000-0002-7679-4164, Sri Lanka Institute of Information Technology, corresponding author) |
| Year | 2025 |
| Volume | 12 |
| Issue | 1 |
| Publication date | 2025-08-30 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Humanities and Social Sciences Communications (JOURNAL) |
| Journal identifiers | ISSN: 2662-9992 • E-ISSN: 2662-9992 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1057/s41599-025-05762-3 |
| OpenAlex | W4413845813 |
| Language | EN |
| References cited | 114 |
In the modern world, exploring economic uncertainty and the unpredictability in economic conditions is crucial to determine its impact on day-to-day society. However, existing literature has examined this relationship in a generalised manner, often without focusing on the bi-directional effects among these variables. This study explores the causal and cointegrating interrelationships among economic uncertainty and suicide rates, unemployment rates, economic growth, and trade openness across 30 high uncertainty countries utilising Granger causality test and Cointegration test. Unlike existing studies, which focus on a certain country or region, the current findings disclose bi-directional causation between the measured variables, particularly in Kenya, Finland, Portugal, Latvia, Peru, Haiti, Mexico, Kazakhstan and Kyrgyz Republic. The cointegration tests show that while uncertainty reduces economic growth and trade openness in the long run, in line with contemporary literature, uncertainty also reduces suicide rates and unemployment rates in the long term. By analysing the countries with the highest economic uncertainty, this study aims to provide country-specific policies in line with Sustainable Development Goals (SDGs) developed by United Nations (UN) to navigate the bi-directional effects among economic uncertainty and the linked variables
Causal analysis · Econometrics · Economics · Statistics · Uncertainty analysis · Energy, Environment, Economic Growth · Market Dynamics and Volatility · Mathematics · Monetary Policy and Economic Impact
Irreversibility, Uncertainty, and Cyclical Investment
LAG Length Selection and the Construction of Unit Root Tests with Good Size and Power
Estimation of Panel Vector Autoregression in Stata
Uncertainty and Economic Activity
Suicide Risk and Mental Disorders
The World Uncertainty Index
Fiscal Volatility Shocks and Economic Activity
Cultural Diversity and Mental Health
Distribution of the Estimators for Autoregressive Time Series With a Unit Root
Testing for Granger non-causality in heterogeneous panels
Prospect Theory
Investigating Causal Relations by Econometric Models and Cross-spectral Methods
The Nature of the Transnational Firm
The effect of Covid-19 on completed suicide rate in Iran
The impact of Covid-19 pandemic on the world’s major economies
Exploring the influence of economic policy uncertainty on the relationship between tourism and economic growth with an MF-VAR model
Trade in times of uncertainty
Uncertainty and long-run economy
A homogeneous approach to testing for Granger non-causality in heterogeneous panels
Relationship between unemployment and policy uncertainty in Nigeria
Suicide and economic uncertainty
Covid-19 pandemic and unemployment dynamics in European economies
The Drivers of Suicides in Turkey
The U.S. Labor Market During and After the Great Recession
The export‐led growth in Malaysia
Determinants of corporate borrowing
The Covid-19 pandemic and unemployment
Impact of uncertainty on economic growth
Information in the Labor Market
Increasing Returns and Long-Run Growth
The association between economic uncertainty and suicide in the short-run
Economic activity and suicides
Revisiting the relationship between economic uncertainty and suicide
Economic policy uncertainty and subjective health
Global economic uncertainty and suicide
Is Economic Policy Uncertainty Related to Suicide Rates? Evidence from the United States
| Citation velocity | historical |
|---|---|
| Highly cited | No |