The significant role of government consumption in affecting economic conditions raises the necessity for monetary policy to take into account the behaviour of fiscal policy and to also take into account how the presence of the fiscal sector might affect the transmission mechanism of monetary...

The aim of this paper is to assess the surge in financial flows to developing and emerging market economies induced by the Federal Reserve's experience of quantitative easing. Using both panel causality tests and dynamic panel regression models on a data set covering as much as 78 developing and...

This paper examines the validity of the export-led growth (ELG) hypothesis in the United Arab Emirates (UAE) over the period 1975-2012, using a neoclassical production function augmented with merchandise exports and imports of goods and services. The study applies the Johansen cointegration...

By taking firm heterogeneity in productivity into account in a monopolistic competition market in a general-equilibrium model setting, this paper investigates whether a stricter local content requirements (LCRs) can increase both productivity and production in the domestic intermediate-goods...

This paper examines the effect of the efficiency of the education system on Foreign Direct Investment (FDI). First, it applies a frontier-based measure as a proxy of the ability of countries to optimally convert the average years of schooling into income for individuals. Second, it shows the...

The domestic saving and investment correlation as posited by Feldstein and Horioka is revisited for Turkey and tested over the whole period (1950-2017) and the two subperiods (1950-1989 and 1990-2017). The time-series properties of the data and the presence of structural breaks are properly...

The purpose of this paper is to address whether province-level income inequality is associated with household savings, as well as investigate how this relationship varies across different subgroups. The paper uses a unique balanced panel survey on access to resources of 2181 rural households...

I evaluate the substitution effects of pirated movies - the unlicensed online movies available on file-sharing websites - on their genuine counterparts, and explore the institutional and economic causes of China's high level of movie piracy. To do this, I build a dataset including information on...

In this paper we derive a new model on exchange rate response to a lasting higher interest rate level. Contemporary models do not provide a convincing explanation for this relationship, but recent research suggests that models based on demand-pull effects to be somewhat confined to small funding...

This study examines and evaluates the dynamic causality relationship between immigration, unemployment, wages and GDP per capita in host countries with a focus on Australia. Previous research has indicated that the economic impact of immigration is significant; nonetheless, its effect on the...