We investigate the interactions of price rigidities and storability of goods, and their implications for inflation and growth. The model is an optimising, stochastic general equilibrium one, featuring endogenous growth, the possibility of (short run) excess demand and inflation derived from...

The paper looks at the growth and investment performance of six Asian countries - Bangladesh, India, Indonesia, Malaysia, Pakistan and Thailand. Having discussed the time series properties of the public and private investment series and the GDP growth rate, the paper goes on to use the concept...

This paper uses the Co-integrating VAR’s [Johansen (1988); Ericsson, et al. (1998)] to examine the relationship between economic growth, public investment, and private investment in the presence of unit roots. Exogeneity is not implicitly assumed but explicitly tested for, and evidence of...

This paper aims to investigate the empirically the impact of FDI on economic growth of Georgia over the period of 1997-2010. The Engle-Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between FDI and economic growth. It is crucial to see the...

Uluslararası sermaye serbestliğinin derecesini test etmek için yatırım ve tasarruf arasındaki ilişki literatürde sıkça incelenmiştir. Yapılan çalışmalarda yatırım ve tasarruf arasında yüksek korelasyon bulunması sermayenin serbest olmadığını destekleyen bir delil olarak...

Bu çalışmada, 17 ülkenin bütçe açıklarının sürdürülebilirliği dönemlerarası bütçe kısıtı yaklaşımı altında incelenmiştir. Johansen-Juselius eşbütünleşme yöntemi kullanılarak gelir ve faiz ödemelerini içeren gider arasındaki uzun dönemli ilişki test...

This research aims to investigate the relationship between energy consumption and economic growth in Georgia, Azerbaijan and Armenia during the period of 1995–2009. The Engle- Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between energy...

This paper re-examines the Purchasing Power Parity (PPP) hypothesis in which the endogenously determined break points are incorporated in thirteen major Middle East and Northern Africa (MENA) countries by using official and black market exchange rates data over 1970-1998. We utilize Lagrange...