The overarching aim of the present paper is to investigate the pattern of returns and volatility in the US and the UK stock markets prior and subsequent to the current financial crisis. For that reason, the family of GARCH models is utilised; specifically, GARCH, GARCH in Mean, threshold GARCH and...

This paper examines the J-curve hypothesis for Australia, Canada, New Zealand and the UK. Applying the vector error correction model and the generalised impulse response function, this study finds that the trade balance reacts to real depreciation in several different patterns in the short run....

Within the Stolper-Samuelson (SS) framework, a vast empirical literature has developed around the issue of determining the shift in the labour market fundamentals. These studies suffer a host of shortcomings. In an attempt to transcend those shortcomings, this paper analyses the short and long...

The paper addresses the nature and role of US-based firms in a globalised economy. The role of the firm is examined in the context of various forms of American capitalism. The paper begins with an examination of the reason for the existence of the firm with a focus on the evolutionary aspects of...

The paper addresses the nature and role of US-based firms in a globalised economy. The role of the firm is examined in the context of various forms of American capitalism. The paper begins with an examination of the reason for the existence of the firm with a focus on the evolutionary aspects of...

This paper examines the evolution of the US public accounting industry from providers of audit services to ultimate regulation by a quasi-government agency. During the past 30 years, consolidation within the industry led to the counterintuitive result of increased competition for audit services....