The Asia-Pacific Economic Cooperation (APEC) has been promoting digital transformation as a key mean for regional economic growth and economic integration. The digitalization agenda within APEC is further accelerating since the COVID-19 pandemic. Recently at the APEC Leaders’ Meeting in...

This paper presents empirical evidence against the standard dichotomy in macroeconomics that separates growth from the volatility of economic fluctuations. In a sample of 92 countries as well as a sample of OECD countries, we find that countries with higher volatility have lower growth. The...

Beginning in 1979 with the newly electted Thatcher Government and continuing under successive Conservative and Labour Governments, the United Kingdom has embarked on a two-decade-long experiment in economic reform. We present evidence that the reform process has succeeded in making the UK more...

This paper examines the impact of financial market imperfections on long-term productivity growth. It focuses on failures in markets for the sale of equity securities and hence on the failure of markets which help firms diversify the risks of real investment. The paper examines separately...

Recent advances in information and communication technology have led to the rapid growth of platform businesses that provide a place for two or more sides (i.e., groups of participants), such as sellers and buyers, to interact and transact. This business has structural characteristics that are...

After the Montreal Protocol in 1989, countries agreed to reduce their ozone-depleting substances (ODS) emissions to improve environmental conditions by reducing UV radiation from our planet's surface. The policies to control ODS have influenced how countries' industries produce, ergo affecting...

This study aims to analyze the relationship between electricity consumption and economic growth in Saudi Arabia during the period of 1970- 2019. We apply two multiple linear regression models to achieve our aims. Based on our findings, the bi- directional causality association between...

Since the beginning and escalation of terrorism, various sectors of the economy have been affected as a result of the negative peace and fatalities associated with the Boko Haram terrorism. The situation has caused rapid inflation and decline in the availability of basic human needs. Containing...

One might expect that differences in income elasticities in trade and/or differences in growth rates among countries would give rise to strong secular trends in real exchange rates; for example, fast-growing countries might need steady depreciation to get the world to accept their growing...

This chapter aims to analyze the regulation of robo-advisors in mainland China and give suggestions for its future development. In recent years, the Chinese government has set the development of smart finance as one of the economic policy priorities, including robo-advisors which rely on...