This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy choices, namely monetary independence, exchange rate...

An energy resource as a production input plays a major role in various economic sectors, including commodity production, transportation, and electricity generation. However, increased energy consumption may lead to more air pollution, resulting in negative health impacts in a society. The main...

Emerging Asian countries with Francophone Africa constitute the most important part of the population of the developing world. The partnership reflects their similar view and potential for economic cooperation which has wider implications. This paper demonstrates that South-south cooperation...

We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption, incorporating adoption barriers, international technology spillover, and relative price advantages. A higher FDI conversion efficacy, a lower adoption barrier, or a stronger...

The study examines the relationship among mutual fund flows, stock market returns, and macroeconomic indicators for nine Asian developing economies. Data for the period 2001– 2017 encompass more than 9600 equity and bond funds. Monthly frequency is used to analyze the relationship between fund...