Papers by ANNIE TRIANTAFILLOU
Maritime policy and management/Maritime policy & management, Apr 17, 2024
This paper contributes to the literature by applying quantile connectedness methodology to explor... more This paper contributes to the literature by applying quantile connectedness methodology to explore the impact of geopolitical and economic uncertainty on the volatility of LNG freight rates. Our findings justify modelling this market using econometric methodologies that depart from the classical Gaussian assumptions. First, we find asymmetric spillover effects between LNG freight rates, uncertainty, and energy variables, with the impact of uncertainty on the LNG rates becoming more intense at the tails of the distribution. Second, we find that the marginal variation in LNG freight rates after a shock is attributable to geopolitical and economic uncertainty, as the energy variables appear to absorb the marginal effects. Our results point to profound spillovers in the LNG freight market resulting from the pandemic, the war in Ukraine and government interventions to mitigate the adverse impact of these developments. These findings contribute to the LNG freight rate risk management. This article is a revised and expanded version of a paper entitled «Assessing the Impact of uncertainty and energy variables on LNG freight rates: A dynamic quantile connectedness analysis» presented at European Financial Management Association (EFMA) 2023 annual conference, Cardiff Business School, Cardiff University, on Thursday, June 29, 2023.
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Research in International Business and Finance, 2016
This paper studies whether the Greek budget deficit is systematically affected by changes of gove... more This paper studies whether the Greek budget deficit is systematically affected by changes of government in the context of two political parties alternating in office. We advance the existing literature by constructing a tax evasion variable specific to the Greek economy and incorporating into our models. Testing the impact of each party upon the budget deficit during election and non-election years in the presence of tax evasion, we find a strong and persistent relationship between them independently of party political ideology. We assert that our finding constitutes a stylized fact of the Greek drama. Our results suggest that tax evasion together with the incident of two political parties alternating in office have tended to exacerbate the Greek government budget deficit accounting for about half the variation in it over the period examined. Moreover, GDP growth is found to exert a mitigating and permanent effect on budget deficit fluctuation.
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EUROPEAN RESEARCH STUDIES JOURNAL, 2012
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Papers by ANNIE TRIANTAFILLOU