This paper designs a visual goodness-of-fit test based on the probability integral transformation of the residuals of an estimated model. We illustrate the method with histograms and correlograms of transformed series for different distributions of disturbances in simulated models. An...

Purpose The study seeks to examine the role of financial development (FD) in the Feldstein–Horioka (FH) puzzle. The novelty of this study is based on the fact that the measures of FD are expanded to account for the qualitative nature of the financial sector (“better finance”)....

Purpose This paper aims to examine the stability of the currency demand function for India with private consumption expenditure, tax–gross domestic product ratio and deposit rate as explanatory variables for the period 1996:1 to 2014:4. Additionally, this paper also tries to detect the...

Purpose The purpose of this study is to investigate the relationship between suicide rates and institutional quality. Design/methodology/approach This study used autoregressive distributed lag model and error correction model to examine short-run and long-run relationships during 1996–2017 in...

Summary The paper examines the relationship between central bank interventions in the dollar-deutschmark market and the profitability of technical trading for the period 1979-1992. While previous work on this topic focused on the interventions of the Fed, we include data on Bundesbank...

Purpose – The purpose of this paper is to measure inequality in education and examine how socioeconomic factors affect education inequality in Albania and Nepal. Design/methodology/approach – Using large household survey data sets the authors calculate income-related inequality in education...