Purpose: This paper retested the Okun's Law established in the 1960s and the subsequent research on Okun's findings that a 1% increase in unemployment would lead to a 3 % decrease in GDP), i.e. Okun's coefficient (Ø)= -3 in diverse economies of sixteen South and Southeast Asia, sixteen...

Purpose: This paper retested the Okun’s Law established in the 1960s and the subsequent research on Okun’s findings that a 1% increase in unemployment would lead to a 3 % decrease in GDP), i.e. Okun’s coefficient (β)= -3 in diverse economies of sixteen South and Southeast Asia, sixteen...

A growing number of recent research analyse the trade balance impact on economic growth. However, ambiguous results of studies imply the need for the research as the deteriorating trade balance hinders economic growth. This research aims to investigate the impact of the trade balance on economic...

A growing number of recent research analyse the trade balance impact on economic growth. However, ambiguous results of studies imply the need for the research as the deteriorating trade balance hinders economic growth. This research aims to investigate the impact of the trade balance on economic...

We review the determinants of the discretionary fiscal policy action of governments in the euro area and in other advanced economies during the past 20 years. This is done by estimating fiscal reaction functions using dynamic panel techniques and country-by-country estimates. The results suggest...

We review the determinants of the discretionary fiscal policy action of governments in the euro area and in other advanced economies during the past 20 years. This is done by estimating fiscal reaction functions using dynamic panel techniques and country-by-country estimates. The results suggest...

A growing number of recent works support the idea of debt threshold level (turning point), above which debt starts reducing economic growth. However, estimated threshold varies sharply across studies and gives a little insight into what the optimal level of debt is. The point is that there is no...

This paper attempts to empirically assess the impact of the ECB's quantitative easing policy on capital flows in the countries of the Central and South Eastern region. Given the tight trade and financial linkages of the region with the euro area, one should expect that the buoyant liquidity...