This article investigates the mean-reverting behavior of the external debt ratio based on a clustered of 19 Asian countries from 1981 to 2010. For this purpose, we use a government's intertemporal budget constraint (GIBC) model popularized by Hamilton and Flavin (1986). Our conclusions were...

This paper examines the fiscal sustainability condition for Sarawak during 1971 to 2004. We also split the sample period into the pre-crisis (1971-1996) to investigate the disparities between the two empirical samples. Empirical validation from the time series analysis finds that government...

This paper revisited the twin deficits argument in the Asian crisis-affected countries. We also include the data from the 1997 crisis to examine the disparities in the empirical regularities and governing the two deficits in these countries. Empirical results suggest that causality runs from...

Language Requirement for Naturalization, Linguistic Networks, and International Migration: The Role of Common Unofficial Language -- Smart digitalization in Nordic cities and municipalities through Internet of Things -- Are attitudes to financial risk reflected in precautional measures during...

This study seeks to understand the nature of international stock markets and the extent to which the ASEAN-5 markets causally relate with each other before and after the 1997-98 turmoil. The data series of the Composite Index (CI) in logarithm form and the volatility series of GARCH were adopted...