Purpose – This study seeks to provide answers to the following questions: Is there a relationship between poverty and income inequality in the short run/long run? Is the relationship unidirectional from income inequality to poverty as the previous studies assume, or is it bidirectional?...

Purpose – The purpose of this paper is to examine the possibility of asymmetries in the budgetary adjustment process. Design/methodology/approach – The paper uses the TAR and MTAR models, set forth by Enders and Siklos, for the period 1957 to 2009. Findings – Short‐run results indicate...

Attempts to examine the relationship between budget (or public) deficits and exchange rates in eight OECD countries, namely Germany, the UK, Switzerland, Belgium, the Netherlands, Italy, France, and Canada over the period 1980‐1995 by using quarterly data and the methodologies of...

Purpose The purpose of this paper is to investigate contagion across eight major exchange rates by providing more information on the role of information spillovers. Design/methodology/approach The empirical analysis makes use of two methodologies that capture channels of contagion. Such...

Purpose This paper aims to provide fresh empirical evidence on how Federal Open Market Committee (FOMC) monetary policy decisions from a benchmark monetary policy rule affect the profitability of US banking institutions. Design/methodology/approach It thereby provides a link between the...

Purpose – The purpose of this paper is to extend the existing literature on the causal dynamics between entrepreneurship and the unemployment rate (UR) in the use of the Kauffman Foundation index of entrepreneurial activity. Design/methodology/approach – Recently developed panel unit root...

Purpose – The purpose of this paper is to estimate causality properties between real money demand and a number of determinants, i.e., real output, the lending rate and the real exchange rate, across ten Asian economies. Design/methodology/approach – The study makes use of the causality...

This paper investigates the causal relationship between asset prices and per capita output across 50 US states and the District of Columbia over 1975 to 2012. A bootstrap panel Granger causality approach is applied on a trivariate VAR comprising of real house prices, real stock prices and real...

This paper investigates the dynamic relationship between oil prices and growth across the U.S. States using a panel data framework. We use both annual and quarterly data spanning the periods 1973 to 2013 and 1948Q1 to 2013Q4, respectively. Following Hatemi-J (2012), we allow for the presence of...