The consideration in the present study is mainly conceptual. The objective is to show how Data Envelopment Analysis (DEA) can be used to reveal the true input-output relations in an industry. In the estimation of a production function it is assumed that all firms use the existing technology...

In this paper we obtain and interpret estimates of the short- and long-run influence of exchange-rate volatility (or risk) on the volume of trade of two Pacific-Basin Countries, Australia and New Zealand, in the generalized floating exchange-rate period. For each country, a unique, theoretically...

This paper examines the existence and stability of both the long- and short-run demand for narrow and broad money balances. The data for Singapore are used as a case study. The quarterly period examined is 1973:2-1999:3 (105 observations). The study reveals the existence of a systematic long-run...

This study re-examines the hypothesis that exchange-rate variability is another factor contributing to inflation variability. The analysis uses cross-country data for 41 countries over the current floating exchange-rate era. It employs the instrumental variable estimator, Emery's (1993)...

This paper uses a neoclassical open economy general equilibrium model to determine the effects of the budget deficit and national debt on some key domestic variables while examining the interdependence and repercussion effects between the U.S. economy and the rest of the world. The empirical...

We introduce a macroeconomic system which we use for interest rate determination, after which we generate the interest rate risk premium. Considering this risk premium function, we investigate, test and determine the macro-variables which affect the interest rate risk premia by using a...

There has been growth in globalization as a result of increased liberalization. This has also resulted in an increase in the role of financial institutions, such as banks. It is the purpose of this study to test Classen’s (2001) hypothesis that increase foreign bank presence has positive...