Long-run interactions and short-run dynamics among the fertility rate, the accumulation of human capital and macroeconomic performance are examined in several developing countries. While fertility and human capital influence how fast countries grow as traditionally believed, it is argued that...

This paper examines the impact of multinational trade accords on the degree of stock market linkage using NAFTA as a case study. Besides liberalizing trade among the U.S., Canada and Mexico, NAFTA has also sought to strengthen linkage among stock markets of these countries. If successful, this...

Results from multivariate cointegration and error-correction models consistently reject the dichotomy conclusion of a recent paper in this Journal and reveal instead strong evidence of pronounced linkages among real, monetary, and financial sectors of the US economy. The results further indicate...

Since its inception in the mid-1970s, the floating exchange rate regime has been associated with large fluctuations in the values of foreign currencies. Many analysts have studied the implied interrelationship between the dollar's exchange value and US inflation and reported mixed evidence....