... LFDCs and 22 HFDCs cover the period 2004–2020. With the small sample problem, we applied the Bayesian method to examine the nonlinear effect of financial inclusion on the tax revenue of the two groups of countries. Findings Using the Bayesian method, the results show that financial inclusion...

... The authors use Bayesian econometric methods on data spanning 2000–2015. Findings The estimations show the interdependence between house prices and housing credit. More importantly, negative housing credit innovations had a stronger effect on house prices than positive ones. Originality/value...