The objective of this study is to investigate the nexus between financial development (FD) in economic growth (GROWTH) in developing countries. The study uses panel data from 138 developing countries during the period 1980-2018. The relationship between financial development and economic growth...

The objective of this study is to investigate the nexus between financial development (FD) in economic growth (GROWTH) in developing countries. The study uses panel data from 138 developing countries during the period 1980-2018. The relationship between financial development and economic growth...

This objective of this econometrics study is to utilize Pesaran's (2001) Bounds Test to cointegration to study the relationship between gold prices and the US unemployment rate, using three different periods of monthly observation, Model I: 1978-2016, Model II: 1990-2016, and Model III:...

During the past decade China has emerged as South Africa's largest trade partner. In an effort to understand this important and remarkable trend, we estimate South Africa's import demand function with China over the period 1993-2012. Specifying an error-correction model, we use the bounds...

This paper employs the bounds testing approach to cointegration to estimate Ecuador's export demand function with the US between 1965 and 2011 with special emphasis on dollarization's impact on exports. We develop two different export demand models based on previous empirical studies of this...

Intermediate microeconomics textbooks employ indifference curve analysis to explain the income and substitution effects of a change in the price of a good x on the demand for it, holding other variables constant. Further, they demonstrate how the shape and slope of the demand curve changes...

In this paper we analyze the effects of the real exchange rate volatility on South Africa's trade flows with the European Union over the period 1980 to 2009. Our study uses quarterly trade flows on South Africa's exports and imports and utilizes the bounds testing approach to cointegration, and...

This paper estimates South Africa's disaggregated import demand function with Nigeria from 1992 to 2010 utilizing the bounds testing approach to co-integration and the unrestricted error-correction model. We further estimate South Africa's short-run and long-run import elasticities. Our results...

This paper investigates Jamaica's aggregate import demand function with the United States and the United Kingdom from January 1996 to September 2010 using co-integration analysis and error correction modeling techniques. Using real gross domestic product, relative price of imports, real foreign...

This study investigates the effects of exchange rate volatility on the top ten categories of exports by the United States to South Africa over a 20-year period from January 1990 to December 2009. The paper uses several measures of volatility to generate a measure of exchange rate volatility,...