This study applies the sequential panel selection method (SPSM) to investigate the time-series properties of provincial house prices for entire, large, medium and small middle-segments of South Africa. Quarterly time-series data were collected from nine provinces in South Africa for different...

This paper employs four cointegration test approaches, PO, HI, JJ and KSS, to test for pairwise long-run equilibrium relationships between Taiwan's stock price index and each of the stock price indexes of four European markets - French, German, Dutch, and British stock markets. The results from...

With a view to investigating whether the purchasing power parity (PPP) theory holds true for selected African countries during the January 1980-December 2003 period, we employ a rigorous, highly dynamic non-linear (logistic) unit root test, as first advanced by Leybourne et al. (1998), which is...

This paper examines the relationship between financial development and economic growth in Taiwan from 1962 to 1998. Using a four-variable VAR model, the competing hypotheses of demand-following versus supply-leading are empirically tested. The results from Granger causality tests based on vector...

This study applies the Sequential Panel Selection Method (SPSM), proposed by Chortareas and Kapetanios (2009) to test the validity of long-run purchasing power parity (PPP) in a sample of 15 Latin American countries using monthly data spanning from December 1994 to February 2010. SPSM classifies...

This study applies Panel Seemingly Unrelated Regressions (SUR) Kapetanios <italic>et al</italic>. (Kapetanios--Shin--Snell (KSS), SURKSS) tests, proposed by Wu and Lee (2009), to investigate the properties of long-run Purchasing Power Parity (PPP) in 15 African countries. The empirical results from the...

In this study, we test the hysteresis hypothesis in unemployment for Taiwan's 21 regional data sets using the Levin et al. (2002), Im et al. (2003) and Taylor and Sarno (1998) panel-based unit root tests for the June 1993 to September 2001 period. The results from all three tests provide...

In this study, a cointegration analysis and a vector autoregressive model (VAR) are used to examine the causal relationships among energy consumption, employment, and output for Taiwan over the period January 1982 to November 1997. Johansen (1988) and Johansen and Juselius (1990) cointegration...

This paper uses a cointegration analysis and a vector autoregressive model (VAR) to examine the causal relationship between defence spending and economic growth for Taiwan and Mainland China over the period 1952-1995. It is found that these two variables are not cointegrated for both countries...

The present study empirically examined five different versions of Wagner's law by employing annual time-series data on six countries over the period 1951-1996. Three countries are part of the emerging industrialized countries of Asia (South Korea, Taiwan, Thailand) and three are industrialized...