For the past few years, regionalism has been progressing in East Asia with the likes of China, Japan, and Korea (CJK) as the most prominent actors. Unfortunately, with the absence of trade arrangement amongst the CJK, the present regional trade scheme is not sufficient to reach sustainability. This paper uncovers the inefficient scheme through Engle-Granger Cointegration and Error Correction Me...

Through the individual fixed effects model, the article makes the empirical study of 23 developing host countries, concluding that FDI weakly influences on the economic expansion rate directly and indirectly, the interaction term of FDI with regime affects the growth rate significantly and what is more, FDI’s interaction with regime contributes to the economic increase extensively through crowd...

Measuring the dynamic relationship between banking and industries with systemic importance has attracted much attention after the recent financial crisis. This paper examines the dynamic conditional correlations and volatility spillover using three popular multivariate GARCH models in the twelve-year period (from the beginning of 2005 to the beginning of 2016) among the fourteen systemically im...

Rice plays an especial role in Iranian households' nutrition basket. The volatilities of its price during recent years caused consumers' dissatisfaction. This paper investigates spillover effects of price volatilities (at the wholesale and retail levels) in the Guilan Province rice market. The Generalized Autoregressive Conditional Hetroscedasitic (GARCH) model was used for the monthly time per...

I show that 1) the policy-relevant “global multiplier” can be written as the sum of a spending component and a taxation component, all scaled up by spillover effects, 2) the “local multiplier” is exactly the spending component, and 3) if trade is anonymous, the local effects of a shock to federal government purchases in a county will be identical to the effects of a shock to consumer demand for...

The nature of IS use and its impacts in everyday life settings are not yet well understood. Drawing on quality of life theory and evidence from the IS acceptance and IS impacts research, this study conceptualizes the relationship between IS use and quality of life as a process that involves vertical and horizontal spillover effects. We empirically investigate this relationship in the context of...

Endurance exercise training has previously been shown to reduce the plasma concentration of norepinephrine. Whether reduction in sympathetic activity is responsible for the blood pressure-lowering effects of exercise training is unknown. Using a radiotracer technique, we measured resting total, cardiac, and renal norepinephrine spillover to plasma in eight habitually sedentary healthy normotens...