This survey uses a number of recent developments in the analysis of cointegrating Vector
Autoregressions (VARs) to examine their links to the older structural modelling traditions …

This chapter provides an analytical survey of models explaining the level of military
expenditure, emphasizing empirical econometric models based on optimizing behavior …

Why does evidence to date suggest that the market for stocks and bonds is fairly efficient, but
the market for housing may not be? One way to think about explaining how well the market …

The labor force is a crucial factor in conducting economic activities, especially in labor-
surplus countries like Pakistan. In this study, we explore the impact of labor force …

This article discusses the problem of obtaining short-run and long-run elasticities of energy
demand for each of 49 states in the United States using data for 21 years. Estimation using …

This paper considers cointegration analysis within an autoregressive distributed lag (ADL)
framework. First, different reparameterizations and interpretations are reviewed. Then we …

Whereas empirical evidence on the effect of higher commodity prices on the long-run growth
of commodity exporters is ambiguous, time series analyses using vector autoregressive …

This paper considers the problem of forecasting economic and financial variables across a
large number of countries in the global economy. To this end a global vector autoregressive …

The paper empirically identifies the determinants of growth in foreign direct investment (FDI)
in Pakistan over the period 1961-2003. Our main interest is to study how different variables …

This book highlights the basic principles of monetary economics and their application to
develo** countries. Fully illustrated, the new edition includes four entirely new chapters …