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...

This paper investigates the linear and nonlinear relationship between institutional quality and renewable energy capital flows across 20 African countries between 2002 and 2017. The empirical evidence is based on the generalised method of moments estimation technique. The findings suggest that...

This paper seeks to fill a gap in the literature on frontier market economies (FMEs) with the following two research questions: (i) Which are the drivers of FMEs' integration into financial globalisation? (ii) What explains the greater vulnerability of FMEs compared to emerging market economies...

Current theories of financial regulation suggest expanding rules-based formal state intervention to promote international banking stability. Such policy solutions should then be global in scope. This article instead argues that principles-based informal co- and self-regulation through domestic...

Determinants of international capital inflow differ from one country to another, and as such country-specific studies are important in assisting each economy to understand cutting-edge policies which can be implemented to attain and retain desired capital inflow. The purpose of the present...

Green growth is a novel theme, gaining prominence in the current era. Therefore, this study investigates the impact of green innovation and financial globalisation on green growth in the BRICS (Brazil, Russia, India, China and South Africa) economies. The study employs the CS-ARDL model for the...

Capital market remains an effective channel of financial intermediation. However, it has been underperforming in developing economies and thus resulting in the attendant illiquidity and other inefficiencies. This study examined the response of All-Share Index (ASI) to external financial flows...

We present an open economy growth model incorporating various elements of fiscal policy, including government expenditure on education and public capital (infrastructure), budget deficit, internal and external public debt, public consumption, and four tax rates. This detailed description of...

This paper provides novel micro-level evidence that cross-border bank flows are important for households' access to credit not only in emerging markets but also in advanced economies. These foreign bank flows can drive local credit credit booms that increase bank risk. We study how the influx of...