This thesis re-examines the relationship between finance and growth. Most previous studies that have dealt with different aspects of this relationship show that a well-developed financial system is important for economic growth. However, instead of concentrating on the aggregated perspectives of...

The aim of this thesis is to study the effects of inflation persistence due to rule-of-thumb behaviour by price setters on optimal monetary policy. We start with a canonical log-linearised New Keynesian model, which we extend by allowing a fraction of price setters to follow a rule-of-thumb when...

The aim of this study is to investigate whether the public release of interim financial reports in the United Kingdom conveys information that affects share prices. The major objective for reporting the financial affairs of business enterprises is assumed to be the provision of information to...

This thesis provides an empirical analysis of international joint venture activities in Taiwan. The primary purpose is to examine control and its antecedents in terms of ownership, bargaining power, resources contribution, and motivation for forming international joint ventures.Primary data...

This thesis is a contribution towards the macroeconomic and monetary analysis of developing countries. A fully-fledged macroeconometric model is theoretically specified, econometrically estimated and dynamically simulated for policy analysis. The model contains demand side, supply side, balance...

Drawing on the Resource-Based View of the Firm (RBV) the study suggests a set of mainly knowledge-based resources, specific to high technology SMEs, at firm and individual levels, explaining why in the same industry, some firms consistently outperform others in international markets.A conceptual...

This thesis is composed by four chapters on New Keynesian macroeconomics.Chapter 1 develops a small New Keynesian model augmented with a steady state level of public debt and a share of rule-of-thumb consumers (ROTC henceforth) as in Galí etal. (2004; 2007). This chapter focuses on the consequences...

Chapter 1: The monetary version of the sticky price intertemporal model of Obstfeld and Rogoff (1995, 1996), in which unexpected and expansive monetary shocks unambiguously generate a permanent nominal exchange rate depreciation and a temporary current account surplus, is outlined. After...

This thesis consists of three chapters on post-reform Chinese business cycles and alternative methods for solving non-linear rational expectations models. Using quarterly data for the period 1980-2009, Chapter 1 examines the effects of aggregate demand and supply shocks on aggregate fluctuations...

The arm’s-length principle (ALP), the transactions taken place between unrelated parties acting at an arm’s length in competitive markets, is used by income tax authorities to determine transfer pricing, the pricing of goods, services and intangibles transferred between affiliates of a...