In this paper, we explore the determinants of black market (BM) exchange rates in India using annual data from 1955-1994 and integration and cointegration analysis. Two important factors, namely the import capacity of official foreign exchange reserves and restrictions on international trade,...

This article estimates a structural model for unofficial market foreign exchange (forex) rates "(E"U")" and examines the stability of the forex market in Bangladesh using an autoregressive distributed lag approach to cointegration analysis on quarterly data from 1976Q2-1995Q2. It also compares...

This paper computes Divisia price and volume indices from quarterly data of New Zealand exchange rates and exports to explore the relationship between New Zealand’s domestic inflation and the changes in its exchange rates over the period 1983 – 93. This is a period when the New Zealand...

This study empirically explores the growth effects of rent seeking activity (RSA) for a group of 52 developing/transitional countries, using a dynamic panel data approach. The modeling framework is a Mankiw–Romer–Weil (MRW) conditional convergence model with path dependence and augmented by...

We investigate whether government budget deficits and real interest rates have a long-run relationship with the current account of the balance of payments in 23 OECD countries. Such an investigation is of interest since large and persistent budget deficits may impose strains on the foreign...

This paper uses multivariate time series methods to investigate convergence of Chinese real GDP per capita at regional and provincial levels over the period 1952 – 2001. We reject convergence across regions. However, we find evidence of common trends among the provincial real incomes within...

The recent enlargement of the European Union [EU] has enhanced interest in the causes and consequences of migration between Central and Eastern European [CEE] and Western European countries. This paper considers immigration from CEE countries into the UK and the consequences for these countries'...