This study estimated an error correction model of the impact of real effective exchange rate volatility on the performance of non-traditional exports for Zambia between 1965 and 1999. Using a generalized autoregressive conditional heteroscedasticity (GARCH) measure of real exchange rate...

This study examines the effects of monetary policy in a two-sector cash-in-advance economy of human capital accumulation. Agents concern about their social status represented by the relative physical capital and relative human capital. We find that if the desire for social status depends only on...

The issue of cross-border bank mergers and acquisitions efficiency is considered. The effect of synergy gains on the success of such agreements is emphasized. The model of taking a decision by acquirer about economic suitability regarding deal realization is developed.

Indubitably born in the USA, input-output analysis has an important European history, from its very beginnings in the Soviet Union to the postwar huge development of I/O techniques in West and North Europe. This paper studies the European experience of input-output analysis by surveying and...

Islamic finance is one of the fastest growing segments of global financial industry. In some countries, it has become systemically important and, in many others, it is too big to be ignored.Islamic finance is based on shariah, an Arabic term that often is translated to “Islamic law.”Shariah...

The purpose of this paper is to conduct whether the disaggregated data of GDP gives us any additional information in the sense of forecasting accuracy. To test latter hypothesis author employs Stock-Watson factor model. GDP is disaggregated both on expenditure basis and on output basis. Thus...

This paper studies the effect of population aging on economic performance in an overlapping-generations model with international migration. Fertility is endogenized so that immigrants and natives can have different fertility rates. Fertility is an important determinant to the tax burden of...

This paper highlights the global economic prosperity and portrays the anatomy of poverty in developing countries. It analyses the incidence of rural and urban poverty persisting in fourteen countries including India. It address the contradiction of coexistence of poverty and hyper economic...

In a world where policy co-ordination among countries is paramount, the growth of one depends on the behaviour of another in terms of policy instruments being pursued. One important question this study sought to answer was whether international economic spillovers emanating from all trading...

Purpose: This paper seeks to provide further insights into understanding the finance-growth nexus by verifying the hypothesis that financial development promotes economic growth through its capacity to attract increased international migrant remittances to Ghana. Design/Methodology/Approach: A...