The paper examined how the growth of foreign grants and gross fixed capital formation impact GDP in Bangladesh. We studied relationships between those variables for a period spanning 1983 2017. Johansen cointegration test indicated that there is long-run relationship variables. Therefore, by employing vector error correction model (VECM), we found previous year’s divergence adjusted 69% followi...

The present paper tests for the validity of long-run purchasing power parity (PPP) for seventeen European economies in transition. Analysis is performed following the methodological suggestions expressed in recent studies for PPP. Longrun PPP is initially tested for each economy vis-a-vis the US, using the Johansen cointegration methodology and then for the whole set of countries using the Lars...

Inflation forecasts are an important part of modern day activist stabilization policy, and hence their accuracy and credibility is of vital importance. We examine the accuracy of these forecasts by testing for rationality in the expectation formation process using the Survey of Professional Forecasters data surveys of annual inflation forecasts. The non-stationarity of the actual and forecasted...

The inflow of foreign remittances in Pakistan has been an important source of foreign exchange in Pakistan while economy of Pakistan being a consumption oriented society /economy makes it interesting to explore the nexus between foreign remittances and inflation in Pakistan. For this purpose, the present study attempts to examine the impact of foreign remittances on inflation in Pakistan coveri...

This paper examines the long-term as well as short-term equilibrium relationships between the major stock indices and selected macroeconomic variables (such as money supply and interest rate) of Singapore and the United States by employing the advanced time series analysis techniques that include cointegration, Johansen multivariate cointegrated system, fractional cointegration and Granger caus...

his study examined the long-run relationship between Nigerian exports and imports between 1960 and 2014. Exports and imports were disaggregated into oil and non-oil components. The application of the Johansen, Bound testing and the Hansen parameter instability test cointegration techniques revealed that Nigerian exports and imports at the aggregate and disaggregated level are cointegrated with ...

One of the consequences of globalisation for Turkey, as well as in other emerging countries, has been an increasing trend in health tourism. Households have been considered choice the best option in terms of price and alternative possibilities while they have been solved their health problems. Previous studies have argued that the main drivers of the growth of inbound health tourism to developi...

The relationship between financial development, growth and inflation has been analyzed by a number of recent empirical studies in Pakistan. Sizeable research finds that money supply growth at beginning affects real GDP growth and further it affects inflation in Pakistan. These two step process doesn’t fulfill the specification of the consequences. Therefore, this study looks at the association ...

Uncertainties are one of the factors affecting investors' investment decisions. In accordance with wait-and-see policy, which is best option for investors in an uncertain environment, can postpone their and consumption especially economic policies affect decisions more deeply. this context, goal study to test effect European Economic Policy Uncertainty (EPU) index, represents uncertainties coun...