This study examines dynamic interrelationships and causality relationships among CO2 emissions, economic, political and financial variables over the period of 1971-2011 for the case of Iran as one of the top CO2 emitting countries in the world. The results of ARDL and Johansen cointegration approaches confirm the existence of long run relationship among CO2 emissions, energy consumption, GDP, f...

This study seeks to examine the impact of financial development on bank profitability in Sub-Saharan Africa (SSA). We also investigate how institutional quality, stability, openness, and competition affect profitability. The researchers employ data from 33 countries covering 2000 2017. Using generalized method moments (GMM) technique, findings show that exerts a negative significant effect bank...

Household Finances and the ‘Big Five’ Personality Traits We explore the relationship between household finances and personality traits from an empirical perspective. Specifically, using individual level data drawn from the British Household Panel Survey, we analyse the influence of personality traits on financial decisionmaking at the individual level focusing on decisions regarding unsecured d...

This paper examines the link between access to credit and child labor at a cross-country level. Even though access to credit is central to child labor theoretically, there has been little work done to assess its importance empirically. We measure child labor as a country aggregate, and credit constraints are proxied by the level of financial development. These two variables display a strong neg...

The international investment position (IIP) is the balance sheet of a country’s external assets and liabilities. It can be used to measure the degree of financial openness of a country and to provide indications on the sustainability of its external debt. As such, it is a helpful tool for monitoring financial stability. Although studies of the IIP are fairly new, we shall review some mechanisms...

This paper investigates the relationship between capital account openness and the share of labour in national income. Employing a new index of financial openness and a cross-country panel of labour shares available from the United Nations System of National Accounts, the author shows a robust negative correlation between the degree of openness and the labour share. Although this effect is not p...