This note examines the relationship between inequality and happiness in urban China using a large-scale survey administered in 31 cities in September 2002. We find that those who perceive income distribution to be unequal report lower levels of happiness, although results differ between high and...

Immigration leads to a change in the supply of workers across skill groups. The resulting impact on employment and earnings of native workers is estimated using an innovative approach developed by Borjas (2003). The approach takes into account the skill differentials in the labour force and...

This paper examines the dynamic linkages between house price indices, interest rates and stock prices in Malaysia using cointegration and Granger causality testing. For Malaysia as a whole, we find that house prices, stock prices and interest rates are not cointegrated. For Kuala Lumpur, Penang...

This paper employs annual data from 1971 to 2006 to examine the causal relationship between aggregate output, electricity consumption, exports, labor and capital in a multivariate model for Malaysia. We find that there is bidirectional Granger causality running between aggregate output and...

This study examines the causal relationship between carbon dioxide emissions, electricity consumption and economic growth within a panel vector error correction model for five ASEAN countries over the period 1980-2006. The long-run estimates indicate that there is a statistically significant...

This article examines the relationship between exchange rates and stock prices in eight Asian countries. We test for cointegration and Granger causality for both individual countries using the Gregory and Hansen cointegration test that accommodates a structural break in the cointegrating vector,...

This paper examines the dynamic linkages between real estate investment trusts (REITs), which are a proxy for investment in real estate, interest rates and stock prices in Malaysia over the period 2006 to 2009. Two mechanisms have been proposed to interpret the relationship between investment in...

This paper contributes to the literature on total factor productivity (TFP) in Chinese industry. First, an adjusted TFP index is calculated through deflating raw data on TFP in Chinese industry using indexes on technological innovation in Japan and the United States. Second, the TFP index is...

We apply Lagrange Multiplier (LM) unit root tests with one and two structural breaks to the US misery index. The results indicate that aggregate demand shocks, such as the economic stimulus package passed by the Congress in 2009, will only have a temporary effect on the long-run growth path of...