A particularly useful approach for analyzing pooled cross sectional and time series data is Swamy's random coefficient panel data (RCPD) model. This paper examines the performance of Swamy's estimators and tests associated with this model by using Monte Carlo simulation. The Monte Carlo study...

In This paper investigates the nexus relationship between tourism expenditure and Non Oil economic growth in Saudi Arabia over the period 1970-2012. Using Phillips and Perron (PP) unit root test-VAR approach with several techniques including Unit root tests, Johansen’s co-integration test,...

Inflation has been the major global economic problem for most economies throughout the world over the last three decades. It affects individuals, businesses and governments. Many competing hypotheses have been advanced in the literature to explain its causes and give the appropriate remedial...

The aim of this paper is to test the relationship between unemployment and the effective factors in the Syrian Arab Republic (S. A. R.). For that, this paper will analyses the unemployment available data and use the cointegration method. The paper says that unemployment in S.A.R. is a structural...

The objective of this paper is to examine the impact of inflation gap from target, deviation from targeted inflation, to nominal interest rate decision of Central Bank of Republic of Turkey (CBRT) in Turkey. Recently, ıt is discussed whether inflation target (IT) regime is the only method to...

The economic literature suggests that the efficient allocation of resources by the financial system speeds up economic development and reduces poverty. However, there are economists who find financial development to be the result of economic growth. This study examines causal relationship...

The article highlights the results of quantitative evaluation of impact the financial mechanism elements on increase of green business enterprises at different stages of the life cycle and provides a comparative analysis of this impact. Also there were presented the EU countries which have an...

The study provide an analysis of the macroeconomic issues surrounding the reforms needed to meet the country’s growth target, as well as to identify existing policy and structural constraints and macroeconomic policy reforms measures that would help to remove those constraints. The indicative...

Several economic data series of Liechtenstein are backwardly estimated in order to achieve consistent historic time series. The generated series consist for instance of the national income for the years 1954 to 1992 (by regressive inter- and retropolation with indicators) and 1993 to 1997 (by...

This paper aims to test the prevalence of the Lucas critique by use of an applied modelling approach. The Turkish narrow money demand is chosen for investigation purposes and an extensive statistical-based econometric application has been carried out to observe whether the model in question has...