This paper models the long-run relationship between the Bureau De Change exchange rate and external reserves in Nigeria in a Threshold Vector Error Correction Model (TVECM) framework using daily data that spans from Jan 1, 2014 to Jul 31, 2015. Modeling BDC exchange rate and external reserves...

This paper models the long-run relationship between the Bureau De Change exchange rate and external reserves in Nigeria in a Threshold Vector Error Correction Model (TVECM) framework using daily data that spans from Jan 1, 2014 to Jul 31, 2015. Modeling BDC exchange rate and external reserves...

The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...

Vietnam’s economy faced difficulties in the 2006–2010 period due to the global financial crisis. The average inflation rate (greater than 20%) was higher than the expected level (less than 10%) for the period. The average GDP growth rate (6.3%) was lower than the target (7.5%). In...

This note briefly describes the merits and limitations of the national accounts, e.g. GDP per capita is a simple measure of material welfare, but not a comprehensive measure of welfare.

This study provides a concise introduction to the economic history of Vietnam from 1976 to present. We identify different phases of the development of the Vietnamese economy, from its unification after a Vietnam war to the current phases of the transition (1989-2000) and propose a specific...