: By extending Wong and Tang s (2007) study, this paper aims at further exploring the causal relations between Foreign Direct Investment (FDI ), exports and imports. There is a unique long-run causal relationship running from exports as well as imports to FDI. A bidirectional causal relationship...

: This study analyzes the sustainability of balancing item (errors and omissions) of balance of payments accounts of 18 industrial countries employing unit root tests with level shifts. Initially, the descriptive summary suggests that the balancing items of the 18 industrial countries are...

This study empirically examines the sustainability of external imbalances in 22 least developed countries as classified by the World Bank. The study uses the real trade balance series, which captures more precisely the behavior of the external balance. It examines the stationarity of the real...

The study proposes a theorem on the predictability of stock prices by using highway traffic as a variable. Using the Malaysian data and Granger causality approach, this study suggests that vehicles on highways help to predict the Malaysian stock prices. This study adds to the literature by...