Elie Bouri
Biographic Data
| ID | 1115177 |
|---|---|
| NAME | Elie Bouri |
| GIVEN NAMES | Elie |
| FAMILY NAME | Bouri |
| SIGNATURE | BOURI E |
| AFFILIATIONS | Lebanese American University |
| ORCID | 0000-0003-2628-5027 |
| VERIFIED | Yes |
| TOTAL WORKS | 19 |
| TOTAL CITATIONS | 4 |
| WORKS AS AUTHOR | 19 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2016 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 2 |
The Cambridge Handbook on the Economics of Terrorism
Since the turn of the century, few issues have shaped political debate and policy-making more than terrorism. As a result, there has been a huge increase in the amount of academic research devoted to investigating the causes and consequences of terrorism. The Cambridge Handbook on the Economics of Terrorism is the first to present a state-of-the art survey of the economics of terrorism. It adopts a rational-choice perspective according to which t…
Green minerals and energy markets in the low-carbon transition
ESG Performance and Crash Risk of the US Tourism Industry
We examine the role of environmental, social, and governance (ESG) performance on the crash risk of US travel and leisure (T&L) firms around the COVID‐19 pandemic. We find that T&L firms with low ESG scores are more exposed to stock price crash risk than US non‐T&L firms. Analysing the ESG score at the component level indicates that low environmental but high social performance increases the crash risk of T&L firms. Therefore, each ESG component …
Impact of Gender Equality and Green Finance on Green Growth
Gender equality, as a fundamental human right, is a key pillar of sustainable development because it boosts productivity, promotes social cohesion, and supports green growth. This study investigates how gender equality (GEQ) and green finance (GRF) influence green growth (GRG) across 36 OECD countries from 1990 to 2022, using a double machine learning method to address potential endogeneity and model uncertainty. The results show that both GEQ an…
Stock market volatility predictability
This research develops a group of novel indicators from the energy consumption perspective and assesses their ability to forecast stock market volatility using various techniques. Empirical evidence reveals that novel indicators, notably industrial non-renewable energy consumption, significantly enhance the forecasting of stock market volatility. The MIDAS-LASSO model, which integrates a mixed-data sampling method, effectively captures key inform…
Modeling the presidential approval ratings of the United States using machine-learning
From climate risk to the returns and volatility of energy assets and green bonds
From pandemic to systemic risk
This paper investigates the interconnectedness among 95 tourism firms in the U.S. over the 2018–2020 period with a focus on the impact of the Covid-19 pandemic. The results using tail risk spillover analysis show that the level of risk contagion significantly increased during the Covid-19 pandemic. Small tourism firms become more systemically important during the Covid-19 pandemic while the level of bad risk contagion has a negative impact on the…
The hedge asset for BRICS stock markets
We compare the weak/strong hedging abilities of three alternative assets, namely bitcoin, gold and US VIX futures, against the downside movements in BRICS stock market indices. Results from the cross‐quantilogram approach indicate that bitcoin and gold are weak hedges. Analysis from the recursive sampling shows that each of bitcoin, gold and VIX futures has a time‐varying hedging role in some BRICS countries, which has been shaped by the COVID‐19…
Can Twitter-based economic uncertainty predict safe-haven assets under all market conditions and investment horizons
Government responses to Covid-19 and industry stock returns
Governments around the world have responded to the COVID-19 outbreak with a mix of policies. The strictest responses of the New Zealand government are notable, given their abilities to contain and limit the spread of the virus. However, their impacts on stock returns remain unclear. This paper investigates the impact of three policies, namely lockdown, the stimulus package, and the travel ban, on the returns of 14 New Zealand industry stock indic…
Information transmission and hedging effectiveness for the pairs crude oil-gold and crude oil-Bitcoin during the Covid-19 outbreak
This study uses hourly data to analyse the return and volatility transmission of oil-gold and oil-Bitcoin pairs during the pre-COVID-19 and COVID-19 periods. The results show that the return transmissions vary across the two periods for both pairs. There is a unidirectional volatility spill-over from gold to oil in the pre-COVID-19 period, and from oil to gold during the COVID-19 period. There is a significant volatility spill-over from Bitcoin t…
Hedging the risk of travel and leisure stocks
Unlike previous studies, we examine which of the implied volatilities of US stock and crude oil markets are more suitable and effective hedge for the downside risk of US travel and leisure (T&L) stocks. Using the corrected dynamic conditional correlation process, the results show that the T&L stock index is more negatively and more consistently correlated with the implied volatility of crude oil prices, suggesting that the oil implied volatility …
Culture and Multiple Firm–Bank Relationships
Does geopolitical risk mitigate inbound tourism? Evidence from panel quantile regression
The authors of this study examine the impact of geopolitical risk on inbound tourism in the BRICS (Brazil, Russia, India, China, and South Africa) countries. To this end, they employ second‐generation panel data methods, augmented mean group estimators, and panel quantile regressions. The results of the augmented mean group estimators show that geopolitical risk negatively impacts inbound tourism. However, the results of the panel quantile regres…
Impact of economic policy uncertainty on CO 2 emissions in the US
Environmental degradation, global warming, and climate change have become eminent risk factors posing a serious threat to global security. One of the reasons behind those risk factors is greenhouse gases (GHGs) that are mainly consisted of carbon dioxide (CO 2 ) emissions. Previous studies try to discern the economic and noneconomic determinants of CO 2 emissions to impede environmental degradation. However, the impact of economic policy uncertai…
Herding on Fundamental/Nonfundamental Information During the Covid-19 Outbreak and Cyber-Attacks
We provide an empirical analysis of herding behavior in cryptocurrency markets during COVID-19 and periods of cyber-attacks, differentiating between fundamental and nonfundamental herding. The results show that herding behavior is driven by fundamental information during the full sample period and the cyber-attack days. However, herding is not prevalent during the COVID-19 outbreak, either when reacting to fundamental or nonfundamental informatio…
Does Bitcoin Hedge Categorical Economic Uncertainty? A Quantile Analysis
This paper examines the hedge and safe-haven abilities of Bitcoin against U.S. aggregate and categorical economic policy uncertainty (EPU) via the application of quantile regression model augmented with a dummy and some control variables. Using monthly data from September 2011 to December 2019, empirical results indicate that Bitcoin does not act as a strong hedge against the aggregate U.S. EPU. However, it acts as a strong safe-haven for this ag…
On the volatility transmission between oil and stock markets
Impact of economic policy uncertainty on CO 2 emissions in the US
Environmental degradation, global warming, and climate change have become eminent risk factors posing a serious threat to global security. One of the reasons behind those risk factors is greenhouse gases (GHGs) that are mainly consisted of carbon dioxide (CO 2 ) emissions. Previous studies try to discern the economic and noneconomic determinants of CO 2 emissions to impede environmental degradation. However, the impact of economic policy uncertai…
Herding on Fundamental/Nonfundamental Information During the Covid-19 Outbreak and Cyber-Attacks
We provide an empirical analysis of herding behavior in cryptocurrency markets during COVID-19 and periods of cyber-attacks, differentiating between fundamental and nonfundamental herding. The results show that herding behavior is driven by fundamental information during the full sample period and the cyber-attack days. However, herding is not prevalent during the COVID-19 outbreak, either when reacting to fundamental or nonfundamental informatio…
On the volatility transmission between oil and stock markets
Hedging the risk of travel and leisure stocks
Unlike previous studies, we examine which of the implied volatilities of US stock and crude oil markets are more suitable and effective hedge for the downside risk of US travel and leisure (T&L) stocks. Using the corrected dynamic conditional correlation process, the results show that the T&L stock index is more negatively and more consistently correlated with the implied volatility of crude oil prices, suggesting that the oil implied volatility …
Culture and Multiple Firm–Bank Relationships
Does geopolitical risk mitigate inbound tourism? Evidence from panel quantile regression
The authors of this study examine the impact of geopolitical risk on inbound tourism in the BRICS (Brazil, Russia, India, China, and South Africa) countries. To this end, they employ second‐generation panel data methods, augmented mean group estimators, and panel quantile regressions. The results of the augmented mean group estimators show that geopolitical risk negatively impacts inbound tourism. However, the results of the panel quantile regres…
Impact of economic policy uncertainty on CO 2 emissions in the US
Environmental degradation, global warming, and climate change have become eminent risk factors posing a serious threat to global security. One of the reasons behind those risk factors is greenhouse gases (GHGs) that are mainly consisted of carbon dioxide (CO 2 ) emissions. Previous studies try to discern the economic and noneconomic determinants of CO 2 emissions to impede environmental degradation. However, the impact of economic policy uncertai…
Herding on Fundamental/Nonfundamental Information During the Covid-19 Outbreak and Cyber-Attacks
We provide an empirical analysis of herding behavior in cryptocurrency markets during COVID-19 and periods of cyber-attacks, differentiating between fundamental and nonfundamental herding. The results show that herding behavior is driven by fundamental information during the full sample period and the cyber-attack days. However, herding is not prevalent during the COVID-19 outbreak, either when reacting to fundamental or nonfundamental informatio…
Does Bitcoin Hedge Categorical Economic Uncertainty? A Quantile Analysis
This paper examines the hedge and safe-haven abilities of Bitcoin against U.S. aggregate and categorical economic policy uncertainty (EPU) via the application of quantile regression model augmented with a dummy and some control variables. Using monthly data from September 2011 to December 2019, empirical results indicate that Bitcoin does not act as a strong hedge against the aggregate U.S. EPU. However, it acts as a strong safe-haven for this ag…
From pandemic to systemic risk
This paper investigates the interconnectedness among 95 tourism firms in the U.S. over the 2018–2020 period with a focus on the impact of the Covid-19 pandemic. The results using tail risk spillover analysis show that the level of risk contagion significantly increased during the Covid-19 pandemic. Small tourism firms become more systemically important during the Covid-19 pandemic while the level of bad risk contagion has a negative impact on the…
The hedge asset for BRICS stock markets
We compare the weak/strong hedging abilities of three alternative assets, namely bitcoin, gold and US VIX futures, against the downside movements in BRICS stock market indices. Results from the cross‐quantilogram approach indicate that bitcoin and gold are weak hedges. Analysis from the recursive sampling shows that each of bitcoin, gold and VIX futures has a time‐varying hedging role in some BRICS countries, which has been shaped by the COVID‐19…
Can Twitter-based economic uncertainty predict safe-haven assets under all market conditions and investment horizons
Government responses to Covid-19 and industry stock returns
Governments around the world have responded to the COVID-19 outbreak with a mix of policies. The strictest responses of the New Zealand government are notable, given their abilities to contain and limit the spread of the virus. However, their impacts on stock returns remain unclear. This paper investigates the impact of three policies, namely lockdown, the stimulus package, and the travel ban, on the returns of 14 New Zealand industry stock indic…
Information transmission and hedging effectiveness for the pairs crude oil-gold and crude oil-Bitcoin during the Covid-19 outbreak
This study uses hourly data to analyse the return and volatility transmission of oil-gold and oil-Bitcoin pairs during the pre-COVID-19 and COVID-19 periods. The results show that the return transmissions vary across the two periods for both pairs. There is a unidirectional volatility spill-over from gold to oil in the pre-COVID-19 period, and from oil to gold during the COVID-19 period. There is a significant volatility spill-over from Bitcoin t…
From climate risk to the returns and volatility of energy assets and green bonds
Stock market volatility predictability
This research develops a group of novel indicators from the energy consumption perspective and assesses their ability to forecast stock market volatility using various techniques. Empirical evidence reveals that novel indicators, notably industrial non-renewable energy consumption, significantly enhance the forecasting of stock market volatility. The MIDAS-LASSO model, which integrates a mixed-data sampling method, effectively captures key inform…
Modeling the presidential approval ratings of the United States using machine-learning
The Cambridge Handbook on the Economics of Terrorism
Since the turn of the century, few issues have shaped political debate and policy-making more than terrorism. As a result, there has been a huge increase in the amount of academic research devoted to investigating the causes and consequences of terrorism. The Cambridge Handbook on the Economics of Terrorism is the first to present a state-of-the art survey of the economics of terrorism. It adopts a rational-choice perspective according to which t…
Green minerals and energy markets in the low-carbon transition
ESG Performance and Crash Risk of the US Tourism Industry
We examine the role of environmental, social, and governance (ESG) performance on the crash risk of US travel and leisure (T&L) firms around the COVID‐19 pandemic. We find that T&L firms with low ESG scores are more exposed to stock price crash risk than US non‐T&L firms. Analysing the ESG score at the component level indicates that low environmental but high social performance increases the crash risk of T&L firms. Therefore, each ESG component …
Impact of Gender Equality and Green Finance on Green Growth
Gender equality, as a fundamental human right, is a key pillar of sustainable development because it boosts productivity, promotes social cohesion, and supports green growth. This study investigates how gender equality (GEQ) and green finance (GRF) influence green growth (GRG) across 36 OECD countries from 1990 to 2022, using a double machine learning method to address potential endogeneity and model uncertainty. The results show that both GEQ an…
Economics (14 works) · Market Dynamics and Volatility (12 works) · Financial economics (9 works) · Econometrics (7 works) · Geography (7 works) · Business (6 works) · Monetary economics (6 works) · COVID-19 Pandemic Impacts (5 works) · Portfolio (5 works) · Energy, Environment, and Transportation Policies (4 works)