This paper examines the Balassa-Samuelson hypothesis in Australia using the ARDL cointegration framework. Evidence was found of a significant long-run relationship between real exchange rate and Australia-US productivity differential during the period of 1950-2003. The results indicate that a...

I have read the above paper with keen interest. The key finding of this paper is interesting: the appointment of independent directors has no perceptible influence on a firm’s economic performance in Bangladesh. The conclusion was derived from a sample of 274 firm-years. The implication of...