Using cointegration and error-correction, this paper develops and tests a money demand model for the small open economy of the United Arab Emirates. The paper takes into account the possible role of the international opportunity costs (as proxied by foreign interest rates and exchange rates) in...

This paper examines optimal control strategies of variable air volume air conditioning system. The control strategies included a base control strategy of fixed temperature set point and two advanced strategies for insuring comfort and indoor air quality (IAQ). The first advanced control adjusts...

This paper studies the feasibility of using a solar-powered liquid desiccant system to meet both building cooling and fresh water needs in Beirut humid climate using parabolic solar concentrators as a heat source for regenerating the liquid desiccant. The water condensate is captured from the...

This paper argues that conventional tests of financial market integration may be misleading because they neglect to consider two important issues: (i) testing the existence of transaction costs and (ii) testing the existence of structural change. While the existence of transaction costs may...

This study uses multivariate cointegration techniques and attempts to model the dynamic interactions between government size and economic growth in a five variable system consisting of the growth rates of GDP, total government spending, investment, exports, and imports. Using data on ten OECD...

Most of the literature dealing with the impact of public investment on private capital formation and economic growth focuses either on cross-section or static analysis. However, investigation of the long-run dynamic interactions between private and public investment and growth is much more...