Research

Published

• Hessian-Scaled Beta-t-EGARCH Volatility Modeling — Applied Economics Letters, Dec. 2025
  With Prof. Szabolcs Blazsek (Mercer) & Adam Kobor (NYU). Showed Hessian-based scaling produces more accurate volatility estimates across 8 asset classes.

Coursework Research

• Remittance Inflows & Export Performance in Sub-Saharan Africa
  FIN 451: International Finance — Spring 2025  |  Co-author: Amine Belbaid
  
  Examined long- and short-run dynamics between remittance inflows and export performance across 12 Sub-Saharan African nations from 2000–2019. Using an ARDL bounds-testing framework in R and EViews, we ran ADF unit root tests, established cointegration, and estimated both long-run coefficients and an error-correction model. Data on exports (% of GDP), REER, remittances (% of GDP), and industry-to-services ratios were sourced from FRED and log-transformed prior to estimation.
  
  Key findings: remittances exert a statistically significant positive long-run effect on exports (elasticity: 0.049, p < 0.01), while REER appreciation has a modest negative effect. Short-run impacts are muted, though the ECT (−0.187, p < 0.001) confirms ~18.7% of deviations from equilibrium correct within a year.