this article analyses the effects of foreign exchange commitment and exchange rate unification policies on iran’s non-oil exports during the last three decades. in addition, the effects of these policies on non-oil exports have empirically been estimated. for this purpose, an export supply model was estimated using the econometrics technique of auto regressive distributed lag (ardl) and reliabl...

Purpose: The study analyses the effects of sovereign credit ratings on financial development in South Africa. This became important considering that country has been receiving negative late.
 Design/Methodology/Approach: Quarterly data for period 1994-2017 was analysed using Auto-Regressive Distributed Lag (ARDL) cointegration model and its associated statistics. Error Correction Model (EC...

In this article attempt is made to establish the relationship between developmental and non-developmental expenditure in India its influence over economic growth. For this, secondary data are used for period of 1991-2021 sourced from various state finance reports, Ministry Statistics Programme Implementation, World Bank, Indian Public Finance Statistics, annual budget allocation. To check long-...

This study investigates an adjustment process in the bilateral trade balances of five countries within the Caribbean, with their largest trading partner, namely the United States. Unlike previous studies, this study controls for oil prices which play a vital role in the countries’ trade balances. A panel econometric technique was utilized using annual data over the period 19802012. Analysis of ...

This study examines the meaningful relationship between economic growth, and service sector contribution and domestic investment in two major Asian economies, namely India and China. Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed to analyze the impact of the selected variables namely (1) contribution by the service sector, (2) (4) domestic investment on economic grow...

The objective of this paper is to reinvestigate the relationship between natural gas consumption and economic growth by including foreign direct investment, capital and trade openness in Malaysia for the period of 1971-2012. The structural break unit root test is employed to investigate the stationary properties of the series. We have applied combined cointegration test to examine the relations...

In this paper we investigate natural gas producer’s reactions to changes in market prices. We estimate price elasticities of aggregated supply in the most competitive market for natural gas: the United States. Using monthly time series data form 1987 to 2012 our analysis is based on an Autoregressive Distributed Lag (ARDL) Bound Cointegration approach to obtain short and long-run elasticities o...

The general purpose of a dynamic factor model (DFM) is to summarize large number time series into few common factors. In this paper we explore several DFMs on 80 granular, non-overlapping commercial property price indexes in the US, quarterly from 2001Q1 2017Q2. We examine nature and structure factors index forecasts that can be produced DFMs. consider specifications one four As major motivatio...