Purpose – The purpose of this paper is to evaluate the performance of six types of policy rules applied for Indonesia, using monthly data spanning January 1980 to December 2008. Design/methodology/approach – This paper uses deterministic simulations on a small macro model and evaluates the...

In this paper, we focus on the Granger causality test in the presence of regime shift. We apply a vector autoregressive (4) model on Swedish series of industrial output and consumer price index for the period 1980:1‐1998:6. To test for causality, three different test methods namely the single...

By the year 2000, it is estimated that Asian economies will control over 40 per cent of the world′s trade. In this context, the trading developments and relationships in the Asia‐Pacific region are examined and forecast growth patterns are discussed.

Purpose – The purpose of this study is to investigate the impacts of interval measured data, rather than traditional point data, on economic variability studies. Design/methodology/approach – The study uses interval measured data to forecast the variability of future stock market changes....

Purpose – The purpose of this paper is to associate a probabilistic confidence with the stock market interval forecasts obtained with the interval least squares (ILS) algorithm. The term probabilistic confidence in this paper means the probability of a point observation that will fall in the...

Purpose – The purpose of this paper is to take a dispassionate look at the performance of the Indian economy in the light of its recent growth rate acceleration. After 2000, it recorded several years of vertiginous gross domestic product (GDP) growth rate, which made some think that the growth...

Purpose This paper aims to analyze forecasting problems from the perspective of information extraction. Circumstances are studied under which the forecast of an economic variable from one domain (country, industry, market segment) should rely on information regarding the same type of variable...

Purpose This paper aims to explore FinTech and its dynamic transitions in the banking industry. In particular, the study analyses the systemic innovation nature of FinTech-based innovations. The main contribution of this research study is the development of systemic innovation model which can be...

The introduction of new industrial legislation in 1987, in the former Soviet Union, followed a policy of decentralization in which factories were given increased authority to seek their own customers and suppliers, agree prices, and to engage directly in foreign trade. Additionally, from 1987,...

The process of consumer goods planning and demand research in a centralised socialist system, that of the German Democratic Republic (GDR) is presented and analysed. The system′s degree of centralisation and performance record; and its effectiveness in meeting consumer needs are evaluated and...