Long-run interactions and short-run dynamics among the fertility rate, the accumulation of human capital and macroeconomic performance are examined in several developing countries. While fertility and human capital influence how fast countries grow as traditionally believed, it is argued that...

Results from multivariate cointegration and error-correction models consistently reject the dichotomy conclusion of a recent paper in this Journal and reveal instead strong evidence of pronounced linkages among real, monetary, and financial sectors of the US economy. The results further indicate...

Since its inception in the mid-1970s, the floating exchange rate regime has been associated with large fluctuations in the values of foreign currencies. Many analysts have studied the implied interrelationship between the dollar's exchange value and US inflation and reported mixed evidence....

This paper analyzes stock returns and volatility relations between the Istanbul Stock Exchange (ISE) and the global market as represented by stock markets in the US, the UK, Japan and Germany. Results from monthly data and multivariate cointegration tests suggest that the ISE became...