<title>Abstract</title> This paper adopts an advanced panel cointegration method which incorporates multiple structural breaks to examine the long-run relationship between real output (RGDP) and the Konjunkturforschungsstelle (KOF) index of globalization (overall and its three main sub-indices), employing...

This paper examines whether the stochastic convergence hypothesis of per capita carbon dioxide (CO₂) emissions is supported in countries with the same level of development – that is, are shocks to relative per capita CO₂ emissions temporary in industrialized countries? We respond to this...

The secularization thesis is based on the idea that a country becomes more secular as it becomes richer and more industrialized. In order to investigate whether this hypothesis is valid, we examine the relationship between religion in Taiwan and economic development across 23 counties by...

The aim of this paper is to explore the role of globalization (the overall level as well as its three dimensions of economic, social, and political integration) in promoting economic growth and examine if the incumbent political party influences the relation between the two variables. We attempt...

This paper considers the possibility of both a linear effect and nonlinear effect of energy consumption on economic growth, using data for the period 1955–2003 in Taiwan. We find evidence of a level-dependent effect between the two variables. Allowing for a nonlinear effect of energy...

The motivation behind this paper is to re-investigate the stability of the long-run money demand function (MDF) in a non-linear cointegrating framework for G-7 countries. Previous studies on non-linearity in the MDF are only related to the short-run dynamics and assume that long-run...

While voters may punish governments for worsening economic conditions, they may not reward them symmetrically for improving conditions. We examine whether US macroeconomic conditions affect Presidential approval asymmetrically using quarterly data from 1961_I to 2009_II. The results suggest that...

This paper investigates the importance of political expenditures as the primary determinants of vote shares for the Taiwan 2004 legislator campaigns with multi-member districts. Our main findings are as follows. First, advertising spending, candidates in the same party as the mayor, the...

The paper applies the recently developed panel LM unit root tests with heterogeneous structural breaks by Im et al., [The Oxford Bulletin of Economics and Statistics, 2005] in order to re-examine the validity of mean reversion in the inflation rates of 19 OECD countries for the time period...