This study aims to analyze the relationship between defense expenditure and growth of economy in Sri Lanka applying annual data during period 1990-2019 by engaging ARDL bounds test Granger causality test. Economic is considered as a dependent variable whereas; expenditure, broad money supply, capital investment exchange rate are independent variables for this study. The findings revealed that s...

The objective of the study was to analyze whether changes in money supply can account for variations inflation dynamics presence structural breaks by using data period 1970-2019. Zivot Andrews (one break) and Lee Strazicich (two breaks) unit root tests were used detect shocks. To determine long run relationship shocks, Gregory & Hansen (1996) Cointegration test used. Results show a robu...

This paper studies how the method of government debt financing affects the macroeconomic performance of the transforming Chinese economy. The investigation is conducted within the context of an endogenous growth model that incorporates the major institutional features of the Chinese economy. Using this framework, we evaluate the effects on the growth rate of output and inflation if the Chinese ...

This study evaluates the relationship between inflation and output gap in Saudi Arabia. Specifically, it determines a level of optimal for given changes economic cycle. The novelty this study’s research question is linking with non-oil Arabia by constructing dynamic threshold regression model. estimation carried out using yearly time series from 1981 to 2019. variables used our model ...

Financial crises have become a challenge for sustainable growth, given the frequency and intensity of crisis shocks their destructive consequences in recent decades. The paper aims to study how endogenously generated excess money supply can contribute global financial crises. creation is examined from perspective Quantity Theory Money (QTM) endogenous money, namely Horizontalism, Structuralism,...

This paper examines the effects of Russian foreign exchange and monetary policies under conditions of abundant natural resources during the period 1999–2011 using structural VAR models. The results suggest that monetary policy shocks, which are identified as money supply disturbances, have a persistent effect on real output, and more than half of the volatility in real output can be explained b...

Charity organizations often have limited resources and thus rely on individual contributions of money and time. The existing literature is divided on whether charitable giving and volunteering are complements or substitutes. This paper aims to clarify the relationship between giving time and giving money using 2012 General Social Survey results and to explore whether certain demographical attri...

In the paper the causal relationships between money and other macroeconomic variables such as output, interest rate, prices and exchange rate in Croatia were analysed. The basic principle of Grangercausality analysis is to test whether past values of monetary variable help to explain current values of output. Multivariate causality tests were performed in a vector autoregression (VAR) model. Th...