Prior research on the relationship between volatility and growth has produced mixed results. However, the times series research has only been done for a few countries, namely the United States, United Kingdom and Japan. We extend the prior research by performing a systematic search over several...

Past research indicates that MNCs may be engaging in income shifting practices. Such practices could bias the trade balance, if the intrafirm trade is substantial. This article examines the effect of the tax differential on the trade balances of OECD countries. The results indicate that the...

This paper argues that the predominant method of estimating equilibrium relationships in macroeconometric models, namely the VECM system of Johansen, is severely flawed if the underlying variables are distributed as near unit root processes. Researchers may apply cointegration techniques to...