This paper seeks to empirically test the applicability of export-led model economies countries belonging Andean Community (Comunidad Andina de Naciones – CAN) by verifying growth (ELG) hypothesis, which indicates that gross domestic product (GDP) behavior is based on export (EXP) dynamics. hypothesis was tested for Bolivia, Colombia, Ecuador, and Peru. The methodology used application Johansen ...

The interrelationships, interdependencies, integration, and dynamic linkages in between countries, regions including BRIC, country-region, and developing-developed stock markets had been thoroughly researched in the literature. This study aims at investigating above relationships both in short and long-run with special reference to India. It undertakes daily closing values of the BRIC indices f...

International trade has been paramount to every country, especially developing economies, as it enables them access goods and services they cannot produce. The Ghanaian economy highly dependent on imports over the years. This study examined effects of foreign (export import) economic growth using data from World Bank 1990 2020. To ensure accuracy results, econometric methods including a unit ro...

Available empirical evidence suggests that globalisation in recent years have had a significant positive impact on various sectors of most economies; however, also exists suggesting this economic process has accentuated poverty and worsened income distribution parts some economies. This study examines the effects foreign direct investment, trade openness remittance inequality Ghana. The paper a...

This study examines the relationship among price variables in Thailand stock market, foreign exchange international gold and crude oil market. Specifically, investigates whether (1) there exists a long-run equilibrium price, exchange, market index Thailand, (2) is any dynamic effect of each asset on other markets. All series have shown both upward downward trends over period. monthly four marke...

This paper examines the relationship between exchange rates and stock prices in eight Asian countries using cointegration and Granger causality tests over the period 1991 to 2005. We test for cointegration and Granger causality for both individual countries using the Gregory and Hansen (1996) cointegration test that accommodates a structural break in the cointegrating vector, and for a panel us...

This paper examines Generalised Purchasing Power Parity (G-PPP) across three regions whose constituent countries are closely linked economically and have been affected by a financial crisis. G-PPP is particularly appropriate when interdependence is high and this is examined using the Johansen multivariate cointegration procedure. The extent of convergence towards G-PPP is assessed in the preand...

Nonlinear Adjustment to Purchasing Power Parity in the post-Bretton Woods Era Christopher F. Baum Department of Economics Boston College John T. Barkoulas Department of Economics and Finance Louisiana Tech University Mustafa Caglayan Department of Economics and Finance University of Durham, UK This paper models the dynamics of adjustment to long-run PPP over the post-Bretton Woods period in a n...

This paper investigates the monetary interdependence and the money-income relationship between countries under a pegged and a floating exchange rate system during the same time period (1979-1997). The relationship is tested between three ERM countries, France, Germany and Holland, and also between these countries and the United States. The ERM countries have a pegged exchange rate between thems...

Purpose: The aim of this study was to investigate the impact monetary policy on real sector and assess effectiveness various transmission channels in Zambia Methodology: Johansen cointegration approach, Error Correction Model (ECM), Granger causality test were undertaken achieve objectives Findings: results reveal that economic growth proxied by Gross Domestic Product (GDP) is negatively affect...