Understanding the causal relationship between financial development and economic growth is important in enhancing the economy of a nation. Using the autoregressive distributed lag (ARDL) bounds test approach, this study finds that stock market development is cointegrated with economic growth in...

TOPSIS approach is applied to select the most suitable ASEAN countries for attracting FDI inflows. The proposed approach also provides a relatively simple tool for this strategic decision making problem. Within the model, ten indicators are defined as determinants of FDI inflows. By using TOPSIS...

This study reexamines the relationship between exports and economic growth in ten East Asian and Pacific economies by building upon Verdoorn's [1941] idea. The cointegration tests indicate the existence of long-run and stable relationships between economic growth, exports, imports, capital, and...

Financial liberalization might be expected to have caused onetime shifts in money velocity or changes in the responsiveness of money demand to changes in incomes and interest rates. This study tends to examine the impact of financial liberalization on the money growth variability and money...

This paper addresses the crucial question whether export promotes economic performance in Malaysia, from both theoretical and empirical perspectives. Using bound testing approach as proposed by Pesaran, et al. (2001), the estimated coefficients suggested that an increase in exports, gross fixed...