Purpose – The purpose of this paper is to present three modified versions of the simple AK endogenous growth model. Design/methodology/approach – Such frameworks stress the role of consumers' sentiment, the impact of fiscal policy and the effect of non-optimal investment decisions made by...

Purpose – To test the Feldstein-Horioka hypothesis that the investment-to-output ratio moves one-for-one with the saving-to-output ratio, suggesting international capital mobility. Design/methodology/approach – The paper uses the econometric framework developed by Fisher and Seater,...

Purpose – Existing empirical studies that document momentum trading strategies do not provide any insight on how investors choose the time horizon that is used to compute the past stock returns. Indeed, since past returns over overlapping time periods are positively correlated, it is hard to...

Purpose – This paper seeks to contribute to the study of the relationship between savings and investment in a panel of five South Asian countries. Design/methodology/approach – A number of unit root tests such as Levin, Lin, and Chu or LLC, Breitung, Im, Pesaran, and Shin or IPS, Fisher-type...

Purpose – The purpose of this paper is to examine the effects of real estate market factors on foreign real estate investment (FREI). Design/methodology/approach – Applying panel data technique, this paper uses related observations from 31 countries (inclusive of developed countries and...

This paper provides empirical evidence on the dynamic relationship between inward foreign direct investment (FDI), economic growth and domestic investment in Korea for the period 1985-1999. By employing a vector autoregression model and the innovations accounting techniques, we explore dynamic...

Purpose – The purpose of this paper is to investigate the relationship between growth, investment and military expenditure in the case of the European Union-15. Design/methodology/approach – The paper uses fixed panel models, random coefficient models and a trivariate VAR model to examine...