This paper investigates the demand for money in China using annual data covering 1977-2006. To this end, we apply a newly-developed bounds testing technique to overcome the inherent limitations in testing for unit roots prior to testing for the existence of a level relationship between a...

This paper examines the effect of government ideology, political factors and globalization on energy regulation in electricity and gas industries using the bias-corrected least square dummy variable model in a panel of 23 OECD countries over the period of 1975-2007. We find that left-wing...

We examine the relationship between natural disasters, political risk and insurance market development in a panel of 39 countries over the period 1984–2009 using a dynamic panel two-step system generalised method of moments model. We provide evidence that the incidences of natural disasters...

This paper examines the influence of government ideology, political institutions and globalization on the choice of exchange rate regime via panel multinomial logit approach using annual data over the period of 1974–2004 in a panel of 180 countries: 26 developed and 154 developing.

<title>Abstract</title> This paper adopts an advanced panel cointegration method which incorporates multiple structural breaks to examine the long-run relationship between real output (RGDP) and the Konjunkturforschungsstelle (KOF) index of globalization (overall and its three main sub-indices), employing...

We investigate the synchronization of growth cycles between China, Japan, the United States and other Asia-Pacific countries using wavelet analysis. While we find that the growth cycles of China, Japan, and the United States are synchronized with the other Asia-Pacific economies, the strength of...