In this article, we investigate whether or not nominal devaluation leads to real devaluation in Laos by using autoregressive-distributed lag (ARDL) bounds testing and the Granger causality test in a vector error correction model (VECM) framework. Our empirical evidence shows that nominal...

The study attempts to analyze the static and dynamic causality between producers’ prices measured by wholesale price index (WPI) and consumers’ prices measured by consumers’ price index (CPI) in case of India. In doing so, we have applied the autoregressive distributed lag...

The article investigates the effect of financial development, imports and foreign direct investment (FDI) on economic growth in case of Pakistan over the period of 1990–2008 using quarterly data set. The Autoregressive Distributed Lag (ARDL) bounds testing approach is applied to examine...