The purpose of this article is to explore the future of the EU’s Neighbourhood Policy (ENP) in terms of its objectives. In order to do this, the reasons behind this policy tool, its structure, and the changes it brought to the EU’s relationships with its neighbours are analyzed. The article...

This article re-examines the finance-growth nexus in China using principal components analysis and ARDL bounds testing approach to cointegration. The results suggest that principal components have an effective role in examining the links between growth and financial development and, that...

This study examines the causes of the East Asian financial crisis and presents an early warning system based on data from Malaysia, Indonesia, Thailand, Singapore, and Philippines during 1982:1–1998:1 through a panel probit regression model using 20 monthly macroeconomic and financial sector...

In the last two decades, with increasing globalization, many developing countries have seen severe financial crises, as well as sharp increases in unemployment and poverty in the short run. this article aims at investigating the empirical relationship between globalization and poverty based on...

Economies are susceptible to speculative attacks regardless of whether they use fixed or floating exchange rates. Turkish experience in the last two decades constitutes one of the most prominent examples proving this verdict. It is widely accepted that there is a link between domestic credit and...

The paper examined the effect of globalization of economic growth in Nigeria. The period of analysis was between 1986 and 2003 while the analytical method employed was econometric techniques of Error Correction Modelling (ECM). The result indicated that both measures of economic integration...

This paper investigates the hypothesis that there is a causal relation between speculative pressure and real exchange rate overvaluation, banking-sector fragility, and the level of international reserves in Turkey. An autoregressive distributed lag (ARDL) bounds-testing procedure and Granger...

This article aims at revealing the effectiveness of Turkish monetary policy in controlling inflation rate and the stability of exchange rate using the rational expectation framework that incorporates the fiscal role of exchange rate. Based on quarterly data covering the period between 1983: Q4...

This article aims at investigating the nature of the causal relationship between immigration and economic development measured by GDP per capita in Norway using Granger causality test. The results on the unit root test indicate that all the series are non-stationary and are in I(1) process. The...

This paper is aimed at testing the German Dominance Hypothesis (GDH) in the context of Eastern enlargement of the EU based on the hitherto unexamined former Eastern Bloc countries of Slovakia and Czech Republic using macroeconomic data spanning the period between 1991 and 2004. Cointegration...