The main macroeconomic challenges at the early stages of Vietnam’s economic reforms were related to stability and growth. The main achievements of Doi Moi are also related to the success in meeting these two challenges: Vietnam has managed to combine high growth with reasonable price stability since the early 1990s. However, meeting these challenges has become more difficult over time as new ch...

This paper, based on the average monthly data (January, 2001 to May, 2013) of 12 macroeconomic variables, uses the data reduction technique-factor analysis to derive the factors which determine the performance of stock market in India. The Principal Component Technique after using orthogonal rotation extracted three factors labeled intuitively as Macro Environment, Industrial Performance and Po...

1 Introduction The national innovation system (NIS) approach brings an alternative to the traditional view of innovation as a process of radical change in frontier sectors. The NIS approach offers a conceptual instrumental extremely useful for the understanding of the innovation dynamics at local, regional and national levels. However, as emphasized by Cassiolato and Lastres (2000), there are s...

The paper analyzes how bank characteristics and the overall financial environment affect the performance of Islamic banks. Utilizing bank level data, the study examines the performance indicators of Islamic banks’ worldwide during 1994-2001. A variety of internal and external banking characteristics were used to predict profitability and efficiency. In general, our analysis of determinants of I...

Global financial cycles have become a growing concern for scholars and policymakers. Recent research has identified these as originating in American markets, at least part due to policy innovations the United States. We articulate previously unidentified, but powerful, mechanism that influence growth (and volatility) global economy: expansions cycle disproportionately affect credit conditions, ...

The main concern of this paper is to answer the question of the determinants of FDI inflows to West African Economic and Monetary Union (WAEMU). The literature on FDI recognizes not only the existence of gaps between domestic savings and investment in most developing countries but also that FDI constitutes a cure capable to bring the latest technology and management know-how into these countrie...

The stock exchange, as part of the capital market, in case of necessary conditions, can equip national capital and direct it towards economic growth. A secure environment for investment and information asymmetry are considered to be the features of a good business, in which managers are working towards stockholders. This research seeks to investigate whether information asymmetry of financial m...