Using data for SAARC region, we found real GDP per capita is nonlinear stationary implying that shocks to economy by economic policies (external or internal) have permanent effect on real per capita GDP of SAARC countries. This finding reveals that classical growth model works better to boost...

This study examines the integration of nine Asian stock markets using the new methodology of wavelet multiple correlation and multiple cross-correlation proposed by Fernandez (2012). This novel approach eliminates several limitations which are encountered when conventional pairwise wavelet...

This paper investigates the unit root properties of electricity consumption per capita of 67 developed and developing countries for the period 1971–2010. To examine the stationary properties of electricity consumption per capita, we have adopted Lee and Strazicich (2003, 2004) test of unit...

This paper explores the effects of financial development, economic growth, coal consumption and trade openness on environmental performance using time series data over the period 1965–2008 in case of South Africa. The ARDL bounds testing approach to cointegration has been used to test the long...

The study analyses Granger-causality between interest rate (IR) and share prices (SP) for India by using monthly data covering the period of 1990M1 to 2009M3. The time-frequency relationship between IR and SP was decomposed through continuous wavelet approach for the first time in the study. We...

We have analyzed the short term and long term linkages between the sectoral indexes of Bombay Stock Exchange in India by using the daily data on nine sectoral indexes for the period 23rd August 2004 to 31st June 2010. After confirming the same order of integration of the study variables from the...