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In this paper, we present the short-run and the long-run relationships among the financial assets of the money market funds, the commercial paper market, and the repurchase agreement market by undertaking a cointegration analysis of quarterly data over the 1985-2017 period. This was based on the empirical observation that the commercial paper and repo markets account for 50 percent of the assets of money market funds. The evidence suggests that there exists a common long-term cointegrating trend among these three components of the shadow banking system. Any disequilibrium in this long-run relationship among these variables is corrected by movement in the financial assets of money market funds. The Beveridge-Nelson decomposition from the estimated cointegrating relationship shows that the cyclical component of money market funds is large and captures huge swings in these markets during the financial crisis. We also find evidence of change in these dynamic relationships in the post-crisis period, where in addition to the money market funds, the commercial paper market also exhibits a tendency to correct for the disequilbrium. [ABSTRACT FROM AUTHOR]

Structural damage can affect the long-term operation of equipment. Real-time damage warning for structures can effectively avoid accidents caused by structural damage. In this paper, a real-time warning method of structural plastic damage based on the cointegration theory is proposed. This method calculates the cointegration relationship between the strain signals at different measuring points, and the stability of the strain signal relationships is also evaluated. The problem of inaccurate detection caused by the error of strain measurement and environmental influence can be eliminated by the comprehensive judgment of strain between asymmetrical measuring points. A real-time damage sensing system is developed in this paper. In order to improve the real-time and practicability of the system, this paper proposes and determines the residual warning coefficient by analyzing the proportion of the strain residuals exceeding the residual threshold. The research on this sensing system has certain value for the engineering application of damage monitoring methods. [ABSTRACT FROM AUTHOR]

The causal relationship between economic growth and defence spending has attracted considerable attention and has been the subject of many empirical studies. Hoping to contribute to the existing pool of literature, this paper examines the relationship between military expenditure and growth in the case of Cyprus, a small island economy, for the period 1964-99. The findings reported suggest the presence of bi-directional instantaneous causality between defence spending and economic growth. [ABSTRACT FROM AUTHOR]

This paper explores the knowledge network structure of foreign research literature by applying the qualitative comparative analysis (QCA) method to the field of information science and library science (ISLS) from the perspective of the cocitation of social network actors such as authors, institutions, countries, and literature, and it further reveals the future application trends of this method. [Method/process] Based on 86 journals in the ISLS field that were downloaded from the Web of Science using the QCA method, the social network analysis (SNA) method and the visual analysis tool Gephi are used to analyse the author cooperation network, the research institution cooperation network, the national cooperation network, the cocitation network, the cutting-edge trends, etc., of journal papers. The analysis shows that the QCA method covers a wide range within the field of ISLS, but the research topics involved in this field are not concentrated, and the author cooperation network has scale-free characteristics. The application of the QCA method is still dominant in European and American countries, and China, the USA, and Italy all play key roles in the national cooperation network. Finally, the institutional cooperation network has certain small group attributes. [ABSTRACT FROM AUTHOR]

Purpose: The impact of financial inclusion on economic growth is a topic that is generating widespread interest among researchers and practitioners. In this paper, the authors review the existing literature to highlight the state of research in the literature and identify new opportunities for innovative research. Design/methodology/approach: The authors used a thematic literature review methodology which involves dividing the review along relevant themes. Findings: The authors find that significant research on the topic emerged in the post-2016 years. Most of the existing studies are from developing countries and from the Asian and African regions. Existing studies have not utilized relevant theories in explaining the impact of financial inclusion on economic growth. Most studies report a positive impact of financial inclusion on economic growth while very few studies show a negative impact. The most common channel through which financial inclusion affects economic growth is through greater access to financial products and services offered by financial institutions that increases financial intermediation and translates to positive economic growth. The common empirical methodology used in the literature are causality tests, cointegration and regression methods. Multiple proxies of financial inclusion and economic growth were used in the literature which partly explains the conflicting result among existing studies. The review paper concludes by identifying some directions for future research. Originality/value: This paper presents the first rigorous thematic review of the existing literature on the impact of financial inclusion on economic growth. It highlights the main approach that researchers have taken on this topic and identifies some important research areas for future investigation. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2022-0339. [ABSTRACT FROM AUTHOR]

This paper examines the asymmetric impact of financial development on economic growth in Mauritius during the period 1980–2021. The analyses were carried out using a nonlinear autoregressive distributed lag (NARDL) model in conjunction with additional complementary tests, including the NARDL bounds F-test for cointegration, the Brock-Dechert-Scheinkman (BDS) nonlinearity test, and the Wald test for asymmetries. The findings of the bounds F-test provide support for a nonlinear cointegration, whereas the BDS test shows the presence of nonlinearity in the data for all the variables. The Wald test results revealed an asymmetric relationship between financial development and economic growth in Mauritius, both in the short and long run. The NARDL findings show that, on average, positive changes in financial development lead to economic growth in the long and short run. Therefore, the paper encourages the government of Mauritius to continue pursuing policies aimed at the expansion of its financial sector since it has a significant positive impact on its economic growth. [ABSTRACT FROM AUTHOR]