Jordan’s exports and imports represent more than 36% and 81% of Jordan’s GDP respectively. Therefore, not only is Jordan’s economy highly vulnerable to change in the exchange rate, but also individual firm performances are vulnerable as well.  The sensitivity of the firms’ future income...

This paper investigates the possibility of interdependence between flows of US FDI to the ASEAN region. The study incorporates information asymmetry into an FDI model to examine the influence of geographic neighbors on new flows of FDI from the United States. Spillovers are modeled using the...

Understanding the monetary transmission mechanism is crucial to central bankers. We analyze the monetary transmission mechanism in Vietnam, using the vector autoregression approach (VAR) and focusing on the reduced-form relationships between money, real output, price level, real interest rate,...

This paper uses data from the China Health and Nutrition Survey (CHNS) questionnaire (2000) from four provinces that have a large number of migrant workers—Guizhou, Guangxi, Hubei, and Henan (16 counties with 96 villages). We clarify the characteristics of non-agricultural workers and migrants...

This paper analyzes empirically whether the exchange rates and crude oil prices have explanatory power over Indian Stock market prices or not. The data used for this study are daily stock price indexes of BSE Sensex, Crude oil price and exchange rates for the period 2nd January 1991 – 12th...

The ability to identify which factors best capture systematic return co-variation is central to applications of multifactor pricing models. In the framework of the Arbitrage Pricing Theory (APT), this paper estimates the set of factors that influence Greek stock market returns. The estimation...

This paper examines the impact of the choice of a money stock measure on the inference about monetary shocks. To this end, it adopts order-invariant forecast error variance decompositions (FEVD) for an unrestricted vector autoregressive (UVAR) model. This approach does not require...

In this research we investigate possible existence of nonlinearities in business cycle fluctuations in France and United Kingdom (U.K.) real gross domestic product (GDP). We model the relationship between the real GDP in these countries using neural network linearity tests via in-sample as well...

This paper looks at the growth of a varied sample of countries during the period 1985-2000, focusing on three key variables: investment in physical capital, human capital and institutions. The analysis pays special attention to the process of the accumulation of these variables and their...

This study investigates the causal relationship between financial development and economic growth in Sri Lanka over the period 1955 to 2005. After considering the time series characteristics of six measures of financial development, Johansen cointegration and the appropriate Error Correction...