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This paper explores the linkages between the different stock markets in the Greater China region. Cointegration tests …
Persistent link: https://www.econbiz.de/10009365377
The recent de-emphasizing of the role of money in both theoretical macroeconomics as well as in the practical conduct of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however, been accumulating, pointing to an important leading...
Persistent link: https://www.econbiz.de/10009365497
showed one-way or two-way causality, respectively. The estimation suggests that the causal relationship between trade and FDI …
Persistent link: https://www.econbiz.de/10011278096
growth. The second is that PTAs, particularly ones that go beyond goods trade, are an effective way to promote economic … is called for. Current PTAs appear to be doing little to remove the important impediments to growth in the region. Far …
Persistent link: https://www.econbiz.de/10009365211
As the spread of SARS had shown last year, the longer-term goal of an East Asian Community (ASEAN, China, Japan and South Korea) may already be crystallizing much faster than was initially thought, thanks to increasing people-to-people contacts and the freer movement of goods, services, tourists...
Persistent link: https://www.econbiz.de/10009365457
(PRC), Thailand, and the Philippines. Technology-based approaches to trade offer a plausible explanation for firm …€™ education, and capital also matter in the PRC as well as accumulated experience in Thailand. Furthermore, a technology index …
Persistent link: https://www.econbiz.de/10011277999
(PRC), Thailand, and the Philippines. Technology-based approaches to trade offer a plausible explanation for firm …€™ education, and capital also matter in the PRC as well as accumulated experience in Thailand. Furthermore, a technology index …
Persistent link: https://www.econbiz.de/10011278060
Recurrent large fiscal deficits and accumulating public debt frequently ring alarm bells around the world on the sustainability of U.S. federal fiscal policy. The present-value borrowing constraint, which states that, for the fiscal policy to be sustainable the current debt stock should match...
Persistent link: https://www.econbiz.de/10009363284
to 2005. Using an error-correction model and Granger causality test, it finds that the taxspend hypothesis is supported … Andhra Pradesh and Kerala, while the data for Tamil Nadu failed to show any causality. …
Persistent link: https://www.econbiz.de/10009363317
-run and the short-run, having positive effects on economic growth in Ireland. The causality analysis also suggests that there … is a bi-directional Granger causality between GDP and FDI, and thus, we conclude that the FDI-led growth hypothesis is …This study examines the long-run and the short-run relationships between foreign direct investment and economic growth …
Persistent link: https://www.econbiz.de/10009363557