Purpose – The purpose of this study is to focus on South Asian Association for Regional Cooperation (SAARC) member economies to examine the impact of trade openness on the industrial sector development. Design/methodology/approach – Panel data econometric techniques are used to the data for...

Purpose – The purpose of this paper is to explore the forecasting effectiveness of Black-Scholes (BS) focussing parity analysis of time series econometric and implied volatility (IV) numerical techniques. Design/methodology/approach – To analyze the comparative competitiveness of econometric...

Kuwait’s economy has witnessed a number of up and down swings since the 1970. A remarkable economic boom arising from oil prices upsurge in 1973 and 1979 was followed by sluggish growth in 1980s and 1990s. A heavy reliance on a single exhaustible resource, distorted labor force and population...

This paper brings together identification and forecasting in a positive econometric analysis of policy. We contend that a broad range of important policy questions is consistent with the existing policy process and is not subject to Lucas's critique. We analyze the economics of "business as...

Commonly used linear-quadratic solution methods to nonlinear models are described in detail using a closed economy real business cycle model as an illustration. We find that all method yield identical coefficients on optimal decision rules. Some methods are easier to use in economies where...