In this paper, we review the recent econometric methods related to unit root tests. The central idea is the interac tion between structural breaks and unit roots. We consider the standard Dickey-Fuller test and its modifications that allow under the alternative hypothesis one or multiple...

The purpose of this study is to identify the key factors that influence FDI decisions in Kenya and to explore the empirical relationship between FDI and economic growth in Kenya.The findings of the study reveal that the main determinants of FDI in Kenya are market size (proxied by GDP), stable...

A new management technology, based on modern developments in macroeconomics, was offered. It is aimed at the highest issues of state and society governing as well as finding methods of their solving. The grounding of necessity of separate supramacroeconomical level of management establishment...

The study critically analyzed the dynamic and simultaneous inter-relationship between inflation and its determinants in Nigeria between 1970 and 2007. The time series variables properties were examined using the Augmented Dickey Fuller (ADF) unit root test and the result reveals that inflation...

Commissioned by the European Commission, the Final Report for the EU-Canada Sustainability Impact Assessment (SIA) on the EU-Canada Comprehensive Economic and Trade Agreement (CETA) provides a comprehensive assessment of the potential impacts of trade liberalisation under CETA. The analysis...

This study was conducted to determine the effects of population, affluence and energy efficiency (the ratio of real GDP to commercial energy use) on the level of Anthropogenic Carbon Dioxide Emissions in Asia from 1980 to 2004. It also sought to provide empirical evidence for the Environmental...

Ever since the discipline of economics began, its practitioners have tried to infer laws, tendencies, causal relationships and associations about the real world. These claims are made through the construction of models – mathematical, statistical, verbal or a mix of all three. This note...

The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics have changed considerably due to increased openness...

Urban water demand is rapidly growing in India due to high growth in urban population and rapid industrialization. Meeting this growing demand is a big challenge for the urban planners in India. Incidentally, urban areas in arid and semi arid regions of India are experiencing rapid growth. As a...

This paper studies the sequential sampling scheme as a solution to the problem of aliasing, where the sampling interval is restricted to a minimum allowable value. Sequential sampling is analyzed and it is proved that when the sampling ratio is an integral number, the associated spectral...