The early work in the area of export-led growth adopted a cross-sectional framework and did not examine the issue of causality between export growth and income growth. Subsequently, this was rectified by a number of time-series studies. Since most studies in this field have adopted bivariate...

Time-series work on trade policy and growth is handicapped by the difficulty of measuring 'trade policy'. Established definitions of trade orientation such as 'bias' or the 'effective rate of protection' are difficult to operationalise in a time-series context because of enormous data...

This paper distinguishes between testing approach (parametric t, sign, cross-sectional rank, and longitudinal rank) and test type (conventional, standardized, and weighted least squares). Similar tests (i.e., tests of the same type) are compared for each testing approach using constant and...

Ordinary Least Squares regression ignores both heteroscedasticity and cross-correlations of abnormal returns; therefore, tests of regression coefficients are weak and biased. A portfolio ordinary least squares (POLS) regression accounts for correlations and ensures unbiasedness of tests, but...

In the context of the low levels of regional cooperation among South Asian countries when compared with the successful results from cooperation in East Asia (consisting of South East and East Asian countries), the objective of this paper is first to assess the prospects of cooperation among...