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Investigating a threshold effect in twin deficit hypothesis : evidence from the BRICS economies
Okoli, Tochukwu Timothy; Tewari, Devi D.; Ileasanmi, … - In: Cogent economics & finance 9 (2021) 1, pp. 1-22
Over the years, empirical evidence on twin-deficit hypothesis has been inconsistent. While some support it, others affirm the prevalence of the Ricardian Equivalence. This study therefore examines a nonlinear/threshold relationship between the deficits among the BRICS economies using the Panel...
Persistent link: https://www.econbiz.de/10013183781
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External debt and current account adjustments : the role of trade openness
Ibhagui, Oyakhilome - In: Cogent economics & finance 6 (2018) 1, pp. 1-42
In this paper, we examine the various links among external debt, trade openness and current account in Sub-Saharan Africa, utilizing an approach that highlights current account from the perspective of saving and investment. We explore whether external debt aids the subsequent adjustment process...
Persistent link: https://www.econbiz.de/10011905180
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Revisiting stock market development and economic growth nexus : the moderating role of foreign capital inflows and exchange rates
Mohammad Enamul Hoque; Jakob, Noor Azuddin - In: Cogent economics & finance 5 (2017) 1, pp. 1-17
foreign capital inflows and exchange rate on the relationship between stock market development and economic growth of Malaysia … there are unidirectional effects of stock market development to Malaysian economic growth. Using the bound test for co-integration … reports that, in the short run and long run, stock market promotes the economic growth of Malaysia which is consistent with …
Persistent link: https://www.econbiz.de/10011881225
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Revisiting stock market development and economic growth nexus : the moderating role of foreign capital inflows and exchange rates
Mohammad Enamul Hoque; Jakob, Noor Azuddin - In: Cogent economics & finance 6 (2018) 1, pp. 1-17
foreign capital inflows and exchange rate on the relationship between stock market development and economic growth of Malaysia … there are unidirectional effects of stock market development to Malaysian economic growth. Using the bound test for co-integration … reports that, in the short run and long run, stock market promotes the economic growth of Malaysia which is consistent with …
Persistent link: https://www.econbiz.de/10011905769
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Are the current accounts of Asian-5 economies mean-reverting? : new evidence from Fourier panel stationarity tests
Husein, Jamal; Kara, S. Murat; Pier, Chuck - In: Cogent economics & finance 11 (2023) 2, pp. 1-11
percentage of GDP, for the Asian-5 economies: Indonesia, Korea, Malaysia, the Philippines, and Thailand. While prior studies …
Persistent link: https://www.econbiz.de/10014501140
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Pandora box: the eurozone and the euro crisis
McIntosh, Bryan; Ferretti, Fabrizio - In: Cogent economics & finance 3 (2015) 1, pp. 1-9
The global economy has experienced considerable turbulence since 2007. The financial crisis has been viewed as the trigger for a prolonged period of economic decline. This decline remains an issue for all member states of the European Union, the eurozone and beyond. We argue genesis of this...
Persistent link: https://www.econbiz.de/10011449877
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Did the expectations channel work? : evidence from quantitative easing in Japan, 2001-06
Tsuji, Chikashi - In: Cogent economics & finance 4 (2016) 1, pp. 1-28
The Japanese economy experienced a prolonged period of quantitative easing (QE) over the five years from March 2001 to March 2006. The purpose of this paper is to evaluate the direct and exclusive effects of this rather unconventional monetary policy on financial markets, economic activity, and...
Persistent link: https://www.econbiz.de/10011531114
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The impact of trade openness on economic growth : the case of Cote d’Ivoire
Keho, Yaya - In: Cogent economics & finance 5 (2017) 1, pp. 1-14
bounds test to cointegration and the Toda and Yamamoto Granger causality tests. The results show that trade openness has …
Persistent link: https://www.econbiz.de/10011881232
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Impact of exchange rate depreciation on the balance of payments : empirical evidence from Nigeria
Iyoboyi, Martins; Muftau, Olarinde - In: Cogent economics & finance 2 (2014) 1, pp. 1-23
The paper investigates the impact of exchange rate depreciation on the balance of payments (BOP) in Nigeria over the period 1961 - 2012. The analysis is based on a multivariate vector error correction framework. A long-term equilibrium relationship was found between BOP, exchange rate and other...
Persistent link: https://www.econbiz.de/10010474303
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The impact of mining foreign direct investment on economic growth in Ghana
Ennin, Anthony; Wiafe, Emmanuel Agyapong - In: Cogent economics & finance 11 (2023) 2, pp. 1-16
series data from 1996-2015. The study employs the Autoregressive Distributed Lag bounds testing approach to cointegration and …
Persistent link: https://www.econbiz.de/10014502989