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This article examines the relationship between exchange rates and stock prices in eight Asian countries. We test for cointegration and Granger causality for both individual countries using the Gregory and Hansen cointegration test that accommodates a structural break in the cointegrating vector,...
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This study examines the determinants of whether judges of the County Court of Victoria publish their judgements. Methodologically, it improves on existing US studies because it uses data on all published judgements over a decade and it exploits the panel properties of the data. The results...
Persistent link: https://www.econbiz.de/10008469167
This article examines the long-run and short-run determinants of migration from Fiji to the United States between 1972 and 2001 using a human capital framework, which is extended to take account of political instability in Fiji. In the long-run the authors find that differences in income levels,...
Persistent link: https://www.econbiz.de/10004981395
This article applies an unrestricted two-regime threshold autoregressive (TAR) model with an autoregressive unit root to examine the sustainability of the balancing item of the balance of payments for Australia from the first quarter 1960 to the second quarter 2006. The main finding is that the...
Persistent link: https://www.econbiz.de/10005128424
This article examines the determinants of aggregate import demand in Brunei Darussalam within a cointegration and error correction framework using the bounds test for cointegration. In addition to the real effective exchange rate and real GDP, in alternative specifications we examine the effect...
Persistent link: https://www.econbiz.de/10005050721