This paper is empirically analyses the aviation-led growth hypothesis for Romania by testing causality between aviation and economic growth. We resort to econometric tests such as unit root tests and test of cointegration purposed by Johansen (1988). Fully Modified OLS, Dynamic OLS and Conical...

Worldwide tourism is recognized by the governments as a sector with high potential for economic development and employment generation. International agencies like World Tourism Organization (WTO) have underscored the vast developmental potential of tourism particularly for the developing nations...

This study investigates the association between auditors monitoring and dividend payout policy. The previous literature illustrate that there are two ways to mitigate the agency concern; One is through dividend payments while other way of mitigating agency concern is to improve auditors...

In this study we want to investigate the implication of stock market performance on mutual funds and vice versa. Purpose of the study was also to observe whether variation in NAV of mutual funds “Causes” variation in indices and vice versa. In order to observe this Cause and variation...

The purpose of this study is to investigate the firm-level factors effect on the audit pricing in China and Pakistan. For this purpose, we used the panel data of 160 firms of each country of study for the period from 2005 to 2011. First, we run the combined model for two countries and observed...

The purpose of this study is to investigate the impact of prior year firm’s performance on subsequent year firm’s corporate governance mechanism. We used board size, CEO–Chairman combined structure and audit expenditure as a firm level corporate governance mechanism. The panel data of...

Financial sector is a vital segment of an economy. To elucidate its role in economic growth, this paper empirically examines its role for Asian countries. We examine and quantify this long run relationship for a sample of 12 Asian countries with data on relevant variables for a large time...

This study empirically examines long run relationship between investment in telecommunication and economic growth in selected Asian countries. We resort to econometric tests such as panel unit root tests and panel cointegration test purposed by Pedroni (1997, 1999) for annual data from 1990-2010...

Information technology has transformed the traditional economy into digital economy during this century. Yet there has been debate of Solow’s Paradox in theoretical and empirical literature. Considering its importance, this research examines its impact on Capital Market Activity by using 47...

This paper develops an innovative model to explain the labor productivity in Asian countries, most of which are labor surplus and are endowed with substantial human capital. Such encouraging demographic traits are considered as complementary factors to use of Information and Communication...