This study aims to contribute to drawing a more complete picture of the role of multilateral economic and political institutions. Particularly, we pursue answers to questions such as how much influence participation in multilateral trade arrangements and military alliance has on bilateral trade...

This paper finds club convergence within the 50 U.S. states using Phillips and Sul’s (2007, 2009) regression-based convergence test using per capita real state domestic product from 1997 to 2017. Two clubs with diverging transition paths are found. Clubs 1 and 2 mimics the divide that is seen...

The purpose of this article is to examine the trade imbalance between the United States and China, and how it affects the United States' trade deficit. Contrary to our expectation, the United States' imports from China have no significant effect (actually a negative effect) on the United States'...

This article investigates the relationship between Foreign Direct Investment (FDI) and pollution measured by carbon dioxide (CO₂) emissions. The results suggest that while lax environmental regulations might attract FDI, the foreign companies utilize less polluting technology as compared to...

This article examines financial linkage of systematic risks for 20 industry portfolio returns between Korean and US stock markets. Time-varying beta coefficients of Capital Asset Pricing Model are estimated and Granger-causality tests are carried out for identifying the significance of the...

This study investigates the role of superstars in the Korean movie industry. We apply a two-step approach: the first step is to test the significance of the star power during 1988-1999 in Korea; the second step is to estimate the magnitude of star power. The appearance of a star actor increases...

This study examines the extent to which changes in household formation exacerbated income inequality in the United States during the last two generations. Using a time-varying parameter model, the impact on how marriage decisions, changes in human capital, and fertility choices influence...