Economic growth is indispensable for the development of a country and welfare of its citizens. Economic activities can be improved with the enhancement of business sectors within its structure. Furthermore, exportation is a substantial means of reinforcing economic growth. In this research, the...

Quantitative economics has advanced dramatically in the past eighty years and much of this took place in the three decades following World War II. Many contributions were initiated and sponsored by the defense community. For the resolution of major military management and planning problems it...

Purpose – The purpose of this paper is to explore the impact of exchange rate volatility at sectoral level on the exports trade of Pakistan. All the sectors involved in the export trade (proposed by the State Bank of Pakistan, by commodity), were used to study this relationship at a more...

Purpose – The purpose of this paper is to address an econometric procedure which revises and updates the technical production coefficients of latest Turkish input/output (I/O) table, as new information about sectoral productions become available. Design/methodology/approach – Both maximum...

Purpose – The purpose of this paper is to examine the impact of outward foreign direct investment (FDI) on economic growth. Design/methodology/approach – Two econometric approaches are used: cross‐country regressions for a sample of 50 countries and time‐series estimators for the USA....

Applies an error‐correction model to demand for money in five African economies: Congo, Côte d′Ivoire, Mauritius, Morocco and Tunisia. Attention is given to a set of opportunity cost variables including expected inflation, domestic interest rate, foreign interest rate and expected...

Discusses a number of issues put forward by the other authors in this volume. In particular considers the potential role of real interest rates in unemployment models, the importance of the trade balance and related constraints in open economy models and the uniqueness and stability of...

Investigates the doctrine of Relative Purchasing Power Parity. Mixed evidence is found supporting the concept when using a method analogous to that used by Lucas in testing the quantity theory of money. Relative Purchasing Power Parity is not consistently rejected in the long run between Canada...

Uses a disaggregated model of United Kingdom factor usage to provide estimates of demand and substitution elasticities for energy inputs. Estimates 19 sectors in a two‐stage translog model including technical change, non‐constant returns and four energy inputs. The results show considerable...