The Phillips curve trade-off between output and inflation has for long been a debatable issue in the study of macroeconomics. Both new classical and new Keynesian approaches give contending views in explaining the determinants of the trade-off. The main aim of this study is to investigate...

This paper presents the empirical evidence on the long-run neutrality (LRN) of money in the stock market in Malaysia, using seasonal adjusted monthly data from 1978:1 to 1999:12 , based on the bivariate ARIMA framework developed by Fisher and Seater (1993). Besides the main stock index, the...

: In this paper, the linearity and stationarity of the real exchange rates of India, Nepal, Pakistan and Sri Lanka are investigated using formal linearity and the recently developed nonlinear stationary test procedures. Results obtained show that these real exchange rates are stationary despite...

Aftermath East Asian Crisis, in Malaysian monetary authorities felt the need to develop a resilient and dynamic financial environment that supports to the growth of an economy. The paper entitled ⬠SFinancial Development and Economic growth in Malaysia, A Further Assessment⬠is first...

: Using Generalized Method of Moments (GMM) panel data analysis to examine the relationship between Foreign Direct Investment (FDI), financial development and economic growth in a group of 70 developed and developing countries from 1988 to 2002, it is found that the impact of FDI on economic...

: Doubts have always remained in the claim of foreign aid contributing towards the economic growth of the recipients. This paper, therefore, aims to study the effects of aid on the Tanzanian economic growth, the largest aid recipient in average, through Autoregressive Distributed Lag (ARDL)...