This study revises the original Current Depth of Recession (CDR) to prove that the Modified CDR (MCDR) is more suitable as a threshold variable than the CDR. We rebuild the CDR indicator and adjust its positive and negative ranges with the estimation results of the Threshold Autoregressive (TAR)...

In contrast to the conventional conditional mean approaches, this study uses quantile regression techniques to present some new statistical evidence on the links between inflation uncertainty and the level of inflation with cross-sectional data from 90 countries during the period 1961 to 2006....

This study employs the asymmetric threshold cointegration test suggested by Enders and Siklos (2001) and creates asymmetric EC-EGARCH(1, 1)- M model to investigate the pass-through of money-market rate to banking retail rates in Taiwan and Hong Kong. It further explores the impact of interest...

Using time-series data for Taiwan's agricultural sector and with the government's public investment in the agricultural sector serving as a proxy variable for nonfarm current inputs aside from the original labour and capital input variables usually taken into consideration, this article examines...

The article applies the LM univariate unit root test recently developed by Lee and Strazicich (2003, 2004) to re-examine the validity of trend stationary in the inflation rates of 11 OECD and Asian countries using a longer span of historical data. Our empirical findings are favourable to the...

As China's economic reforms have undergone significant structural changes after 1979, it has been rather difficult to formulate a stable money demand function over the period following that year. While previous literature on the long-run relationship of money demand in China shows the existence...

The purpose of this article is to measure the impact of military technology transfer on economic growth for 67 selected countries during the period 2000 to 2005 through the application of the Malmquist productivity index, which is broken down into efficiency change and technical change. Our main...

The secularization thesis is based on the idea that a country becomes more secular as it becomes richer and more industrialized. In order to investigate whether this hypothesis is valid, we examine the relationship between religion in Taiwan and economic development across 23 counties by...