This paper examines the validity of the export-led growth (ELG) hypothesis in the United Arab Emirates (UAE) over the period 1975-2012, using a neoclassical production function augmented with merchandise exports and imports of goods and services. The study applies the Johansen cointegration...

A stock market model is presented that advances our understanding of the portfolio-consumption policy of investors and the behaviour of capital market statistics. The model's building blocks are the Samuelson-Merton model of portfolio-consumption policy, the Gordon-Sethi extension of that model...

This paper investigates the relationship between economic policy goals and the monetary and fiscal policy tools used to achieve them. A background is provided regarding current economic policy including an explanation of how a monetary and fiscal policy is formed and modified. A multiple...

This paper examines the effects of corporate social performance and bond market reactions. We find a strong positive relationship between social performance and bond volatility after controlling for bond characteristics and firm fundamentals. The empirical results are consistent for social...

The automotive industry has been marred by numerous high-profile scandals in recent decades. Inasmuch as the automotive industry is characterized by strong relationships between manufacturers and suppliers, a scandal’s adverse effects may spread through the supply chain. However, the effect of...

This study examines the effects of environmental, social, and governance (ESG) performance on bond volatility. After controlling for bond characteristics and firm fundamentals, we find a robust positive relationship between ESG performance and bond volatility. The empirical results demonstrate...