This study examines the relationship between economic growth as measured by GDP per capita and foreign direct investment for Singapore, using the methodology of Granger causality and vector auto regression (VAR). Evidence shows that there is a unidirectional Granger causation from foreign direct...

This article investigates whether past sales growth of a firm is associated with market, size and value factors in returns so it can be inferred that this fundamental variable is related to size and book-to-market equity that help capture the cross-section of average stock returns in the Athens...

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...

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...

The paper aims at establishing whether the fluctuations of money help predict future fluctuations of income, that are not already predictable on the basis of fluctuations of income itself or other readily observable variables. For this purpose vector autoregression (VAR) modelling is used to...

This article focuses on the Turkish financial crisis of 2001 and aims at devising an early warning system based on a probit model incorporating six monthly macroeconomic variables spanning the period between 1991 and 2001. Regression results indicate that consumer price index, Turkish Lira/US...

This study attempts to outline the practical steps which need to be undertaken to use autoregressive integrated moving average (ARIMA) time series models for forecasting Pakistan’s inflation. A framework for ARIMA forecasting is drawn up. On the basis of in-sample and out-of-sample forecast it...

This study analyzes the Argentinean Financial Crisis of 2001 through investigating the impact of military expenditure on external debt in Argentina. For this purpose, Granger-causality testing procedure is applied on yearly data between 1971 and 2002. Strong evidence emerged that military burden...

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...

This article investigates the possible role of the regional underdevelopment of South Eastern Turkey in the ensuing terrorism in the country. The article also aims at making a contribution towards a better understanding of some economic conditions that are related to terrorism. For this purpose,...