Macroeconomics in Emerging Markets

Long Memory in Stock Returns: A Study of Emerging Markets

The present study aimed at investigating the existence of long memory properties in ten emerging stock markets across the globe. When return series exhibit long memory, it indicates that observed returns are not independent over time. If returns are not independent, past returns can help predict future returns, thereby violating the market efficiency hypothesis. It poses a serious challenge to ...

Macroeconomics and Asset Markets: some Mutual Implications.∗

This paper sheds light on the mutual discipline, which asset market observations and macroeconomic observation impose on each other. Economic choices such as consumption and leisure, which are taken as exogenous in much of the asset pricing literature, and which may suggest certain preference specifications in order to explain asset price observations in turn may have undesirable macroeconomic ...

General Equilibrium, Incomplete Markets and Macroeconomics

IT in Emerging Markets

E merging markets are now attracting significant interest among IT professionals and researchers. These markets represent twothirds of the world’s population, generate over 20 percent of the world’s gross domestic product, and are restructuring themselves to foster further growth and socioeconomic development. Furthermore, increased investments in science and technology research and development...

Institutional Strategies in Emerging Markets

We review and integrate a wide range of literature that has examined the strategies by which organizations navigate institutionally diverse settings and capture rents outside of the marketplace. We synthesize this body of research under the umbrella term institutional strategies, which we define as the comprehensive set of plans and actions directed at leveraging and shaping sociopolitical and ...