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In this paper we study the presence of calendar anomalies in the main Latin- American stock markets, for the 1993 to 2007 period. The literature has shown that the detection of those effects may depend on error distribution assumptions (Baker et al., 2008), and that their existence could be due...
Persistent link: https://www.econbiz.de/10010049050
The study utilizes the Autoregressive-distributed lag (ARDL) approach for cointegration and Granger causality test, to explore the long run equilibrium relationship and the possible direction of causality between international trade, financial development and economic growth for the Pakistan...
Persistent link: https://www.econbiz.de/10010079773
This paper tests for long-run output convergence between a sample of eight Latin American countries and over the study period 1900-2003. The key contribution of this paper is in terms of the econometric methodology where non-stationarity of log real per capita income differentials is tested...
Persistent link: https://www.econbiz.de/10009959067
This paper theoretically analyses the measurement of capital flight scale, and the factors that affect capital flight …
Persistent link: https://www.econbiz.de/10010079558
The subject of interrelationship that exists between foreign direct investment (FDI) and standard of living has been an issue of both theoretical and empirical investigations. This study, thus examined the relationship between foreign direct investment and standard of living measured by per...
Persistent link: https://www.econbiz.de/10010009124
between beta (systematic risk) and returns (world market excess returns) for net oil export and net oil import groups. We set … the volatility of world market excess return as the threshold variable and the percentage changes of crude oil price and …. We found that all beta values are positive and higher in the low regime (i.e., volatility of world market excess return …
Persistent link: https://www.econbiz.de/10010097691
comparison to the world average but also relative to countries with similar income per capita. These price differences cannot …
Persistent link: https://www.econbiz.de/10009959073
Orthodox and heterodox economists have promoted different liberalization measures in the economy in accordance with its vision for agriculture and manufacturing sectors. In this paper, we try to determine the impact of external terms of trade and domestic (the latter considers foreign trade...
Persistent link: https://www.econbiz.de/10010049027
tradition, has a world-wide recognition of quality and it constitutes a source of currency entrance by exports. The sector …
Persistent link: https://www.econbiz.de/10010049028
Persistent link: https://www.econbiz.de/10008275762