This paper uses the EGARCH model to investigate the volatility spillovers between home foreclosures, adjustable mortgage rates, housing prices and unemployment rate for the US. The results provide evidence of volatility spillover effects from adjustable mortgage rates, home foreclosures and...

The study is focused on the analysis of financial development and growth in Pakistan economy for the period of 1972-2011. Cointegration techniques and Granger causality test based on the block exogeneity (Wald test) has been applied for the analysis. The cointegration test confirmed the long run...

Income inequality is very important for the growth and poverty alleviation in an economy. This analysis examines the impacts of agriculture value added, service sector value added, exports of goods and services and foreign direct investment as percentage of GDP on income inequality measured by...

This paper studies the dynamics of the Taka-U.S.Dollar exchange rate for Bangladesh by augmenting the Quantity Theory of Money. The standard cointegration methodology (Engle and Granger, 1987) is employed in addition to the ARDL (Autoregressive Distributed Lag) procedure. The ADF and KPSS tests...

This paper applies the well-known cointegration approach to explore a possible long-run pairwise relationship between (i) US real budget deficits and real exchange rates, and (ii) US inflation rates and real exchange rates. The unit root test shows that each of the above time series is...

This paper re-examines the role of equity and corporate bond financing in spurring US economic growth. Annual data from 1960 through 2008 are utilised. The variables in levels are non-stationary with different orders of integration. Thus, the Autoregressive Distributed Lag (ARDL) procedure is...

This paper seeks to investigate US net potential benefits of merchandise imports from Mexico under tariff reductions. It applies a partial equilibrium framework which is static and highly aggregative in nature. The results suggest that the magnitudes of US net potential benefits of tariff cuts...