this study is an attempt to develop a model of the simultaneous structure of the aggregate dynamic supply and demand to be used for estimation of parameters from data related to iran’s economy. the method for developing the model is an application of the dynamic and simultaneous process of aggregate supply and demand. obtained differential equations are used for solve the model. to estimate the...

Article history: Received 1 June 2013 Received in revised form 11 March 2015 Accepted 12 March 2015 Available online 21 March 2015 JEL classification: F21 F41 G15

E 25 26 27 28 29 30 31 32 33 34 Article history: Received 15 November 2012 Received in revised form 25 January 2013 Accepted 29 January 2013 Available online xxxx JEL classification: C15 C32 G13 G15

In this paper, by employing the Generalized Method of Moment (GMM) techniques and Chinese provincial level data from 1991 to 2003, we empirically investigate the relationship between finance and growth in post-reform China. We find that financial development significantly promotes economic growth in coastal regions but not in inland regions; the weak finance-growth nexus in inland provinces has...

7 Article history: 8 Received 15 November 2012 9 Received in revised form 25 January 2013 10 Accepted 29 January 2013 11 Available online xxxx 1234 15 JEL classification: 16 C15 17 C32 18 G13 19 G15 20

 decline in private sector investment expenditures, crowding-out effect, lack of conditions for optimal allocation of resources, reduction inefficiency, and the possibility of increasing inequality in income distribution are considered as the effects of increasing the government size according to many theoretical studies and empirical evidence. Hence, identifying the determinants of the governm...

Custodians play a key but discrete role in the global financial market infrastructure. In Europe, they are licensed as “credit institutions ”, legal requirement for European deposit-taking institutions, and therefore face same prudential requirements “traditional” banks. However, their business model risk profile different from those of traditional banks since core activity does not encompass b...

In this discussion of Almeida and Dalmacio (2015), we highlight some theoretical considerations that links analyst forecast properties with two disciplining mechanisms (i.e. product market competition and corporate governance) and also provide some directions for future research especially in the Brazilian context. © 2015 University of Illinois. All rights reserved. JEL classification: G15; G30...

Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current balance variables of corresponding economies. JEL Classification: G15, F31

The generalized method of moments estimator may be substantially biased in finite samples, especially so when there are large numbers of unconditional moment conditions. This paper develops a class of first order equivalent semi-parametric efficient estimators and tests for conditional moment restrictions models based on a local or kernel-weighted version of the Cressie-Read power divergence fa...