This paper deals with the growth literature. In particular, we are fundamentally concerning the recent empirical studies. For this purpose, we mainly base our study on a recent paper called The New Growth Evidence by J. Temple (2000) who gives a very detailed discussion of the empirical issues...

Utilizing the recently developed measure of global risk aversion by Xu (2017), we show that global risk aversion is a significant determinant of international equity correlations, consistently across all emerging markets examined. The positive effect of risk aversion on emerging market...