This paper tests the expectations hypothesis of the term structure of interest rates for Sri Lanka. The data support the hypothesis that forward and spot rates are cointegrated suggesting a stochastic trend in the structure of interest rates. However, the hypothesis that forward rates are...

Employing a unique administrative data set on academics from the University of Wollongong (UOW), we investigate if women are under-represented in academic rank, taking into account information on personal characteristics, job characteristics, education and productivity. The results suggest that...

We study the relationship between the saving and investment rates for 20 African countries using a long period of data. A high correlation between saving and investment is often taken as evidence of capital immobility. We use the new Ng-Perron unit root tests to examine the stationarity of...

Growth literature has focused mainly on the long-term growth outcomes, but policy makers of the developing economies need rapid improvements in the short- to medium-term growth rates. In this article, we argue that this widening gap can be reduced by distinguishing between the short- to...

This paper by using error correction (EC) methodology, along with Chow stability tests, examines whether three cases of policy announcements in Greece, over the 1975-1995 period, have been considered credible or not by the public. Focusing on the Phillips curve trade-off, the empirical findings...

This paper estimates Okun's coefficient for certain regional areas in Greece over the period 1960-1997. Through the Hodrick-Prescott filtering and the band-pass filtering the empirical analysis shows that that the coefficients do not exhibit substantial interregional differences, except for the...

This study extends the empirical literature on the determinants of renewable energy consumption in the case of 25 OECD countries for the period 1980-2011. Preliminary analysis suggests the presence of cross-sectional dependence within the panel data. As a result, second-generation panel unit...

The impact is examined of the 1988 monetary deregulation in Greece on the efficiency of the foreign exchange market. A 'news' model reveals that the deregulation of the monetary system contributed to the presence of an efficient foreign exchange market.

The goal of this study is to assess whether and to what extent inflation differentials between the tradable and nontradable sectors in the Greek economy are due to the domestic version of the Balassa--Samuelson (BS) effect and, therefore, the ‘expensiveness’ of the country and its huge...