Journal of Economic Studies: Volume 45 Issue 5

Revisiting the energy consumption–economic growth causal relationships in tails

Panayiotis Tzeremes

The purpose of this paper is to investigate the relationship between the energy consumption and the economic growth in the USA and in a sectoral level by using monthly data from…

Pre-Brexit: The EU referendum as an illustration of the effects of uncertainty on the Sterling exchange rate

Muhammad Ali Nasir, Jamie Morgan

The purpose of this paper is to explore the period of uncertainty created by the referendum. The focus is the UK real effective exchange rate (REER). The authors set out to…

Testing the productivity bias hypothesis in Middle East countries

Ferda Halicioglu, Natalya Ketenci

The purpose of this paper is to empirically test the validity of the productivity bias hypothesis (PBH) in 18 Middle East countries.

Does inflation targeting matter for the behavior of inflation and output growth? Some regime-based evidence for Asian economies

Harold Glenn A. Valera, Mark J. Holmes, Gazi M. Hassan

The purpose of this paper is to consider whether or not the introduction of inflation targeting (IT) impacts on the mean-reversion properties of inflation and output growth.

Value versus growth in PIIGS stock markets

Maria Teresa Medeiros Garcia, Ricardo António Abreu Oliveira

The purpose of this paper is to construct and evaluate value and growth portfolios in Portugal, Italy, Ireland, Greece and Spain, which are commonly known as the EU PIIGS, from…

Labor force heterogeneity and wage polarization: Italy and Spain

Tindara Addabbo, Rosa María García-Fernández, Carmen María Llorca-Rodríguez, Anna Maccagnan

The purpose of this paper is to assess the change in the Italian and Spanish wage polarization degree in a time of economic crisis, taking into account the factors affecting labor…

The effect of the financial crisis on the dynamic relation between foreign exchange and stock returns: Empirical evidence from MENA region

Neveen Ahmed

The purpose of this paper is to study the dynamic relationship between foreign exchange and stock returns. Specifically, the authors examine the impact of the 2008 financial…

Effect of International Clearing Union on exchange market pressure: A case of Asian Clearing Union

Vijay Singh Shekhawat, Vinish Kathuria

The purpose of this paper is to enhance our understanding of effects of International Clearing Unions on the exchange market pressure (EMP). Using Asian Clearing Union (ACU) as an…

Technical change, variable elasticity of substitution and economic growth

Sharmila Gamlath, Radhika Lahiri

The purpose of this paper is to explore the properties of the variable elasticity of substitution (VES) production function, and examine the dynamics of growth associated with it.

Do microsavings stimulate financial performance of microfinance institutions in Sub-Saharan Africa?

Sydney Chikalipah

The purpose of this paper is to investigate the empirical relationship between microsavings and the financial performance of microfinance institutions (MFIs) in Sub-Saharan Africa…

The impact of FDI on Nigeria’s export performance: a sectoral analysis

Obiora G. Okechukwu, Glauco De Vita, Yun Luo

The purpose of this paper is to examine the foreign direct investment (FDI)–exports relationship in Nigeria using disaggregated FDI and export data.