crude oil price and the u.s. effective exchange rate are two main economic variables that have had real effects on world welfare situation. the aim of this paper is to test whether there is a stable long-run relationship between oil prices and the u.s. dollar, expressed in real term. to this end, we perform co-integration and causality tests between the two variables, using quarterly data from ...

Testing cyclicality of fiscal policy is pertinent in any country to observe its type with the business cycle. In oil abundant economy, price and trade openness may also play a role determining cyclicality. This research probes economic growth, openness, on government consumption growth verify Saudi Arabia from 1971 2018. The cointegration test Pesaran (2001) utilized hypothesis augmented critic...

introduction air pollution is one of the critical challenges in metropolitans around the world. according to world health organization (who), three millions people die from air pollution annually. in some studies mortality costs by air pollution was estimated. social cost of air pollution was estimated 28990 billions rials in tehran city. the mortality cost by air pollution was estimated about ...

social capital can improve industrial growth via different mechanisms. in this study, taking the improvement of technology through social capital as one of the mechanisms, we have analyzed the effect of social capital on industrial growth theoretically and empirically. according to the findings of the article, derived from our cointegration model, and iranian economic data (1966-2006), social c...

The study aims to estimate an international reserves demand model for China using economic growth, propensity to import, real effective exchange rate and trade openness variables for quarterly period spanning from 1985Q1 to 2014Q4.The bounds testing technique to cointegration is used to test for a long run relationship, while the autoregressive distributed lag approach is used to estimate short...

This study assesses the short and long-run behaviour of long-term sovereign bond yields in OECD countries, for the period 1973-2008. We employ a dynamic panel approach to reflect financial and economic integration, and to increase the performance and accuracy of the tests. Given the existence of cross-country dependence regarding sovereign yields and its determinants, we resort to simulation an...