The fundamental argument in the Capital Asset Pricing Model (CAPM) is that the market risk is impossible to be eliminated. Investors tend to look into the possibility of diversifying their investment activities in various countries in the same region, hence, regional of equity markets. This study makes an attempt to re-examine the dynamic relationship among the Malaysian, and the Tiger markets ...

The causation relationship between economic growth and military expenditures in developing countries has received growing focus in recent years. One of the arguments in this field is that military spending absorbs a significant proportion of the limited financial resources in LDCs. The present study examines the causal relation in two models: defense spending with total real economic growth and...

We propose a testing procedure for assessing the presence of threshold effects in nonstationary vector autoregressive models with or without cointegration. Our approach involves first testing whether the long-run impact matrix characterizing the VECM type representation of the VAR switches according to the magnitude of some threshold variable and is valid regardless of whether the system is pur...

This study attempted to explore the interactive relations among agricultural labour wage rates in five neighbouring Indian states viz., Andhra Pradesh, Karnataka, Tamilnadu Telangana and Chhattisgarh using monthly time series data of 2005-2020. The objective this was examine degree integration labourers states. Integration with outside markets may partly mitigate costs climate change, as indivi...