The purpose of this paper is fourfold: first to empirically investigate the cost structure of the Greek banking sector, second to provide measures of economies (diseconomies) of scale, third to quantify technical change and its sources, and fourth to measure total factor productivity growth and...

The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning the period 1980-2008 and both the 3SLS...

The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning the period 1980-2008 and both the...

We study the convergence of sovereign debt accumulation in five European Monetary Union (EMU) countries using quarterly data from June 2009 to June 2013, with a focus on debt ratio convergence following the 2009 sovereign debt crisis and the adoption of fiscal consolidation programmes. We test...

The goal of the present paper is to investigate the degree of convergence in tax revenues for a panel of 11 ASEAN, Asia Pacific and Oceania countries spanning the period 1990–2012. We apply the methodology of Phillips and Sul (2007) to various categories of tax revenues to assess the presence...

The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning the period 1980-2008 and both the...

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...

The purpose of this paper is to examine the degree to which financial deregulation has contributed to increased capital mobility in Sri Lanka. In fulfilling this objective the empirical validity of three tests are examined. The Feldstein-Horioka model (1980), the Sachs (1981, 1982) approach to...

This paper seeks to examine the efficiency of the Australian foreign exchange market by using methods of cointegration and spectral analysis. Uncovered interest rate differentials for five countries namely the US, UK, Japan, Malaysia and Singapore are examined with Australia as the 'home'...

It is widely believed by development economists that the role of human capital is one of the most fundamental determinants of economic growth. Sustained growth depends on the level of human capital whose stocks increase due to better education, higher levels of health, new learning and training...