This paper investigates the relationship between structural reforms and economic growth in Turkey during the 1990-2019 period. Employing a novel database (the MONA database), it constructs structural reform indexes for the fiscal, financial, real, and trade sectors with two different approaches...

The study was examined the dynamics of economic growth, unemployment, and poverty in Ethiopia by using annual time series data from 1980 to 2018. The Auto-Regressive Distribution Lag (ARDL) bounds test approach is applied to determine the existence of the long-run linkage among study variables....

The main purpose of the present study is to examine either globalization affects economic growth or not in Pakistan. Time series data has collected from Pakistan covering the time from 1990- 2013. A time-series Autoregressive Distributed Lag (ARDL) model is used to establish the long run and the...

This paper examines both the long-run and short-run impact of real exchange rates and its volatility on India’s exports to United States by using autoregressive distributed lag (ARDL) bound test on quarterly data spanning from 1991Q1-2018Q4. The results of sensitivity analysis conducted by...

This paper investigates the relationship between structural reforms and economic growth in Turkey during the 1990-2019 period. Employing a novel database (the MONA database), it constructs structural reform indexes for the fiscal, financial, real, and trade sectors with two different approaches...

We examine the properties of the ASA-NBER forecasts for several US macroeconomic variables, specifically: (i) are the actual and forecast series integrated of the same order; (ii) are they cointegrated, and; (iii) is the cointegrating vector consistent with long run unitary elasticity of...

We propose a simple saving-based measure of the cyclical component in GDP. The measure is motivated by the prediction that the represenative consumer changes savings in response to temporary deviations of income from its stochastic trend, while satisfying a present-value budget constraint. To...

Level vector autoregressive (VAR) models and vector error correction models (VECMs) are used extensively in empirical macroeconomic research. However, estimated level VAR models and VECMs may contain explosive roots, which is at odds with the widespread consensus among macroeconomists that roots...

This paper investigates the degree of short run and long run comovement in U.S. sectoral output data by estimating sectoral trends and cycles. A theoretical model based on Long and Plosser (1983) is used to derive a reduced form for sectoral output from first principles. Cointegration and common...

This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...