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Financial development, international trade and economic growth : empirical evidence from Pakistan
Shaheen, Safana; Awan, Masood Sarwar; Waqas, Muhammad; … - In: Romanian journal of fiscal policy : RJFP 2 (2011) 2, pp. 11-19
The study utilizes the Autoregressive-distributed lag (ARDL) approach for cointegration and Granger causality test, to explore the long run equilibrium relationship and the possible direction of causality between international trade, financial development and economic growth for the Pakistan...
Persistent link: https://www.econbiz.de/10010079773
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Análisis del efecto día de semana en los principales mercados accionarios latinoamericanos : una aproximación mediante el criterio de dominancia estocástica
Kristjanpoller, Werner; Muñoz, Roberto E. - In: Estudios de economía 39 (2012) 1, pp. 5-26
In this paper we study the presence of calendar anomalies in the main Latin- American stock markets, for the 1993 to 2007 period. The literature has shown that the detection of those effects may depend on error distribution assumptions (Baker et al., 2008), and that their existence could be due...
Persistent link: https://www.econbiz.de/10010049050
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The examination of the degree of integration among art markets
Bakhouche, Abderazak - In: Journal of finance and investment analysis 2 (2013) 1, pp. 101-120
This paper applies the Johansen Cointegration procedure to test the law of one price (LOOP) for twelve international markets of paintings using semi-annual data for the period 1985-2007. Cointegration test is performed in a pairwise arrangement. Price index for each market is estimated using the...
Persistent link: https://www.econbiz.de/10010148281
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Regime-dependent output convergence in Latin America
Holmes, Mark J. - In: Estudios de economía 33 (2006) 1, pp. 65-81
This paper tests for long-run output convergence between a sample of eight Latin American countries and over the study period 1900-2003. The key contribution of this paper is in terms of the econometric methodology where non-stationarity of log real per capita income differentials is tested...
Persistent link: https://www.econbiz.de/10009959067
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Threshold effects in the capital asset pricing model using panel smooth transition regression (PSTR) : evidence from net oil export and import groups
Nieh, Chien-chung; Yao, Hsueh-chu - In: Advances in management & applied economics 3 (2013) 2, pp. 179-192
the volatility of world market excess return as the threshold variable and the percentage changes of crude oil price and …. We found that all beta values are positive and higher in the low regime (i.e., volatility of world market excess return … is low) and lower in the high regime (i.e., volatility of world market excess return is high). For the net oil export …
Persistent link: https://www.econbiz.de/10010097691
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The basic equation of capital flight
Lu, Wenjun; Chen, Ke; Ying, Yirong - In: Journal of finance and investment analysis 1 (2012) 3, pp. 231-237
This paper theoretically analyses the measurement of capital flight scale, and the factors that affect capital flight. Then the basic equation of capital flight is improved by introducing three lemmas. -- capital flight ; equation ; capital control
Persistent link: https://www.econbiz.de/10010079558
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Foreign direct investment (FDI) and standard of living in Nigeria
Akinmulegun, Sunday Ojo - In: Journal of applied finance & banking 2 (2012) 3, pp. 295-309
The subject of interrelationship that exists between foreign direct investment (FDI) and standard of living has been an issue of both theoretical and empirical investigations. This study, thus examined the relationship between foreign direct investment and standard of living measured by per...
Persistent link: https://www.econbiz.de/10010009124
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A VAR analysis of FDI and wages : the Romania's case
Mutascu, Mihai Ioan; Fleischer, Anne-Marie - In: International journal of economic sciences and applied … 3 (2010) 2, pp. 41-56
According to Lall (1997), the FDI are strongly interconnected with a series of variables, such as: economic conditions (markets, natural resources, competitiveness), host country policies (macro policies, private sector, trade and industry, FDI policies), as well as MNE strategy (risk...
Persistent link: https://www.econbiz.de/10009958059
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Impact of FDI on economic development : a causality analysis for Singapore ; 1976 - 2002
Feridun, Mete; Sissoko, Yaya - In: International journal of economic sciences and applied … 4 (2011) 1, pp. 7-17
This study examines the relationship between economic growth as measured by GDP per capita and foreign direct investment for Singapore, using the methodology of Granger causality and vector auto regression (VAR). Evidence shows that there is a unidirectional Granger causation from foreign direct...
Persistent link: https://www.econbiz.de/10009958070
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Regional and international causal linkages : evidence from CEE stock markets
Stoica, Ovidiu; Diaconaşu, Delia-Elena - In: Journal of applied finance & banking 3 (2013) 2, pp. 109-121
This study examines the dynamic linkages between nine Central and Eastern European (CEE) emerging markets and the developed ones, i.e. Austrian, French, German, British and American stock markets. To investigate the nature of transmission of information we employ two econometric models which are...
Persistent link: https://www.econbiz.de/10010148070