This study analyzes the determinants of Turkish agricultural exports to the European Union (EU) by estimating the gravity model for the panel of 23 trading partners in the EU covering the period 1996-2004. We find that Turkish agricultural exports to the EU are positively correlated with the...

This article considers how technological growth affects country interconnectivity, particularly in the form of labor migration. It shows that technological growth brings a positive effect on migration stock as well as net migration. In addition, the technological growth effect is endorsed by...

An important component of the transaction costs faced by investors in financial securities is the bid-ask spread set by market maker. The goal of this study is to determine the importance of the components of spread (order processing costs, inventory costs and adverse selection costs) using...

In this paper, we examine the effects of Czech monetary policy on the economy within the VAR, structural VAR, and factor-augmented VAR frameworks. We document a well-functioning transmission mechanism similar to the euro area countries, especially in terms of persistence of monetary policy...

This paper analyses, whether the number of neighbouring countries (NrNC) as well as the ratio of neighbouring countries already members of the WTO (RaNC) have an effect on the bilateral trade volume between OECD- and Non-OECD-countries. For this analysis the use of a...

The present study sheds light on important aspects of monetary integration in the European Union involving the newest member states. It assesses the degree to which they satisfy the business cycle correlation criteria. Our results demonstrate that there is a common business cycle in the Euro...

The mainstay theory provides arguments for both complementary and substitute links between FDI and international trade. In accordance to that, a number of empirical investigations indicate a replacement of trade flows by FDI, while other studies reveal a complementary effect between the two. The...

Relatively new in Romania, IT Governance is defined as procedures and policies established in order to assure that the IT system of an organization sustains its goals and strategies. This bundle of policies and procedures, following the best practices in the area, intends to guide and control...

The US and UK economies have experienced excessive demand for housing for over a decade, causing housing booms in both countries. Consumers have been on a spending spree, based on higher and higher real and perceived home equity values, as well as equity market increases. In the US and UK...

The goal of this research is to test a new investment model in developing countries. Many articles challenge the logic of investments by the World Bank or The International Monetary Fund in developing countries. For the most part, the basis for investments in poor economies has been linked to...