This paper is a statistical time-series investigation addressed at testing the anthropogenic climate change hypothesis known as the “hockey-stick”. The time-series components of a select batch of 258 long-term yearly Climate Change Proxies (CCP) included in 19 paleoclimate datasets, all of...

We employ a multinomial probit model to understand the housing choice of Koreans, more specifically to understand the decision factors that affect Koreans’ housing decisions. The data used are from surveys conducted in July, 2006, and we use the Gibbs sampling technique in analyzing them....

This paper tries to explain empirical causation between the exports and the real exchange rate. The paper develops a simple model, the model is based on the relationship of exports to: real interest rates differential, foreign demand for domestic goods and real exchange rate. The paper then...

The bilateral real exchange rate between Chinese renminbi (RMB) and the US dollar is studied. The panel data Penn effect model shows that the RMB was overvalued in 1980–1991 but later undervalued in 1992–2010. In 2010, it was undervalued by 36.7%. Econometric analysis and an examination of...

We study the behavior of the Real Effective Exchange Rate (REER) of the dirham against the European currencies (the EU15), over the period 1960–2000. We measure the volatility using standard deviation, and the misalignments as the difference between the actual REER and the equilibrium REER...

We explore the impact of Real Exchange Rate changes on the performance of Indian manufacturing firms over the period 2000-2012. Our empirical analysis shows that real exchange rate movements have a significant impact on Indian firms’ performance through the cost as well as the revenue channel....

The Gabonese economy is poorly diversified and highly dependent on crude petroleum’s international price, and therefore on the fluctuations in the exchange rate (REER). This study aims to determine the effect of real exchange rate on the trade balance of Gabon. The data are from World Bank...

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first empirical investigation on the TFP growth channel....

Using an econometric model, this paper investigates the determining factors of foreign direct investment (FDI) in Morocco from 1960 to 2000. During this period Morocco was one of the most important recipients of FDI inflows in the Middle East and North African. This period is characterized by...

We consider the determinants of exports of services, distinguishing between modern and traditional services. We consider both the growth of export volumes and so-called export surges – periods of rapid sustained export growth. We ask whether the determinants of export growth rates and surges...