This paper revisits the debate on foreign aid effectiveness from a different perspective by analysing the role of institutional corruption on the effect of aid volatility on the output of developing nations. A simple political economy model is developed to show the effect of corruption on...

This paper develops a political economy model to analyze the direct and indirect effects of aid volatility on growth and the outcome of higher institutional quality on the effect of aid volatility on growth. Using time-series cross section data for 77 countries from 1984-2007, the effects of aid...

In recent years the world economy has become closely integrated due to increasing trade and financial capital flows across countries. In this study we investigate the cointegrating relationships between the stock price indices of 7 emerging Asian economies (Malaysia, South Korea, Singapore,...

This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand, Spain, Sweden and the UK which have adopted a "formal" policy of low or zero inflation target. Using cointegration analysis and a vector error correction model (VECM), it is found...

This paper aims to investigate the factors that affect the probability of default for the Jordanian companies. A LPM, LOGIT and PROBIT models are used to outline the relationship between firm's financial health and the probability of default. A comparison between these three models is made...