It is the 21st century; every state desires to develop itself more rapidly. After the Second World War in 1945, industrial, individual, and communication revolutions transformed the world into a global village. The internet, cyber space, and e-mail have compressed the world into a smaller...

This study empirically estimates the critical parameters of trade deficit in Egypt for the period 1970-2014 by using dynamic ordinary least squares (DOLS) approach of Stock and Watson (1993). The analysis is based on time series from 1970 to 2014. Time series properties of the processes that...

Leader member exchange (LMX) theory focuses to the dyadic relations between leader and each member. Members are classified into two groups as in-group and out-group members. As out-group members try to fulfill their predefined tasks, in-group members' roles and responsibilities are negotiated...

This paper presents an empirical analysis of the interactions among energy consumption, real income and energy price in Saudi Arabia using annual data from 1982 to 2007. We analyzed the dynamic interaction by applying widely used time series analysis techniques such as unit root tests, Vector...

Chaos theory reveals structure in aperiodic, dynamic systems. The number of nonlinear business cycle models use chaos theory to explain complex motion of the economy. The basic aim of this paper is to provide a relatively simple chaotic economic growth model that is capable of generating stable...

The Latin American banking sector has undergone a transformation in recent years because of changes in regulation and globalization as well as developments in telecommunications and information technology. A very important example of this has been financial liberalization wherein Latin America...

This study investigated the impact of external debt on economic growth of Tanzania for the period of 1990-2010. The study used time series data on external debt and economic performance. It is assumed that external debt helps developing countries to meet developing needs. While debt servicing...

In this paper, we’ll try to study the impact of banking intermediation on the economic growth in ten countries in the MENA region over the period 1990–2009 using the method of GMM estimation for dynamic panels. Our results generally show a negative correlation between all variables of...

Although researches have extensively studied the relationship between audit quality and financial reporting, little has been said about the consequences to auditors of financial reporting failure in terms of impairment of the audit information role. Based in Taiwan’s unique setting, we...

In recent years the issue of the role of asset prices in monetary setting has become increasingly topical since booms and busts in asset market are associated with the fluctuations in overall economic activity through its impacts on aggregate spending. In this study, we use Smooth Transition...