This study examines the relationship among OFW remittances, inequality and quality of life in the Philippines. The study covered the period from 1990 to 2011 and employed Vector autoregressive (VAR) analysis to examine the relationship among the variables. Over the years, Human Development Index...

In this paper we provide the first empirical study on the interrelationship between the Fed’s profit and selected macroeconomic variables i.e. policy interest rate, real gross domestic product (real GDP) and price level. We extract these macroeconomic variables from a simple theoretical model....

One of the main elements of economic sanctions against Iran due to its nuclear and military programs is crude oil exportation restrictions in addition to investment in Iranian energy related projects. Senders of such sanction are interested in understanding the impacts of such embargos on...

The aim of this paper is that of giving a finer insight into the analytic foundations of vector autoregressive models (VAR) in comparison with classical econometric models. To this end we show the links between the techniques of structural and VAR model building on the one hand, and the...

The purpose of this study is to investigate the impacts of crude oil price variations on the Turkish stock market returns. We have employed vector autoregression (VAR) model using daily observations of Brent crude oil prices and Istanbul Stock Exchange National Index (ISE-100) returns for the...

The dynamic interactions between monetary policy and asset prices have conventionally been examined in terms of the asset price channel of transmission of monetary policy, given the pre-crisis analytical consensus against the use of monetary policy to respond directly to asset price inflation....

This paper reports the development and estimation of a Vector Autoregressive (VAR) econometric model representing the financial statements of a firm. Although the model can be generalized to represent the financial statements of any firm, this work was carried out as a case study, where the...

The aim of this paper is to show how some macroeconomic factors such as inflation, interest rates, credit and money supply are related to the credit level of the economy. The analysis will be preceded by a brief review of international literature on the development of various models in time,...

Limited and costly financing opportunities for small and medium enterprises ( SME), that are important in the private sector, reducing the performance of SMEs. Influence of the foreign ownership structure of banks which is the most important source of financing of SMEs on the behavior of the SME...

This article aims to analyze the sustainable development of tourism in Romania, given its cyclical movements generated by using seasonal resources. For this we used output gap indicator, defined as the difference between real GDP and potential GDP. Output gap indicates disparity in the real...