Extending the IS-MP-IA model developed by Romer (2000) and applying the GARCH (Engle, 1982, 2001) methodology, the author finds that equilibrium GDP in Germany is positively affected by stock market performance and real exchange rate appreciation, and negatively influenced by the expected...

In this paper, a classical K-L production function augmented with human capital and technological progress to estimate the effect of income inequality on economic growth in Taiwan has been employed. The generalised autoregressive conditional heteroskedasticity (GARCH) and/ or ARCH models have...

This paper examines the effects of selected macroeconomic variables on the stock market index in South Africa. The exponential GARCH (Nelson, 1991) model is applied. It finds that South Africa’s stock market index is positively influenced by the growth rate of real GDP, the ratio of the money...

This paper estimates the demand for money in the U.S. within a model where the money supply function is also considered simultaneously. The explanatory variables for the money demand function include a measure of the interest rate, real income and the exchange rate. The explanatory variables for...

Applying the GARCH model, this paper finds that the Czech stock market index is positively associated with real GDP and the German and US stock market indexes, is negatively influenced by the ratio of government borrowing to GDP, the domestic real interest rate, the CZK/USD exchange rate, the...

This paper examines the potential effects of macroeconomic policies, stock market performance, exchange rate fluctuations, and other related variables on real GDP in Mexico. Extending the works by Arango and Nadiri (1981) and Bahmani-Oskooee and Ng (2002), and applying comparative-static...

The determinants of net migration rates including government taxes and welfare spending for 48 contiguous states and the District of Columbia during 1992-93 are examined. The weighted least squares (WLS) method is employed assuming dependent variable heteroscedasticity. Major findings indicate...

The Philippine labor market is highly regulated and labor market policies tend to conform to standards of highly developed markets. The policies adopted by the government are geared more toward protecting the employed rather than promoting the overall employment of the labor force. These...

Applying a general functional form, the Marshall-Lerner condition of the bilateral trade between the US and Hong Kong, India, Japan, Korea, Malaysia, Pakistan, Singapore, or Thailand is examined. In deriving the real exchange rate, both the relative consumer price index (CPI) and producer price...

The dramatic decline in the number of welfare recipients in the USA is examined. The unique features of this article include the use of time series data, the consideration of different welfare benefits and socioeconomic variables, and the application of the generalized autoregressive conditional...