This article examines the linkage of real interest rates for a group of East Asian countries. Monthly real interest rates data are considered for the USA, Japan, Korea, Singapore and Thailand from 1980 to 2005. It is found that the degree of capital market integration has increased after the...

This paper examines the time-series properties of export growth and its key determinants for South Korea and Singapore. Using the framework of cointegration and error correction modelling, it is found that, in the case of Singapore, income effects, competitiveness (relative-price effects) and...

In this paper, Granger causality tests are applied to a new data set on human capital formation and US private sector GDP. The study is the first to test for causality between human capital formation and economic growth. It employs an error correction mechanism and is estimated through canonical...