Journal of Economic Studies: Volume 39 Issue 2

Impure public technologies and environmental policy

Anil Markandya, Dirk T.G. Rübbelke

The purpose of this paper is to analyse the role of transfers as a means to overcome inefficiencies in the provision of impure public goods. The paper employs the example of…

A bootstrap test for causality with endogenous lag length choice: theory and application in finance

Scott Hacker, Abdulnasser Hatemi‐J

In all existing theoretical papers on causality it is assumed that the lag length is known a priori. However, in applied research the lag length has to be selected before testing…

Financial assets, linear and nonlinear policy rules: An in‐sample assessment of the reaction function of the South African Reserve Bank

Ndahiriwe Kasaï, Ruthira Naraidoo

The purpose of this paper is to investigate how the South African Reserve Bank (SARB) sets monetary policy rate.

Financial crises, stock returns and volatility in an emerging stock market: the case of Jordan

Samer AM Al‐Rjoub, Hussam Azzam

The purpose of this paper is to empirically examine stock returns behavior during financial crises for an emerging market from 1992 to 2009. The authors identify episodes of…

Do happiness and foreign aid affect bilateral migrant remittances?

B. Mak Arvin, Byron Lew

Studies on the determinants of remittances focus primarily on a single country or undertake cross‐country analyses using aggregate data. By comparison, there is a dearth of…

Untangling the non‐linear causal nexus between exchange rates and stock prices: New evidence from the OECD countries

Shyh‐Wei Chen, Tzu‐Chun Chen

The purpose of this paper is to examine the relationship between stock prices and exchange rates in 12 OECD countries.

Has the Korean chaebol model succeeded?

Seung‐Rok Park, Ky‐hyang Yuhn

The purpose of this paper is to investigate how Korean conglomerates (chaebol) have rapidly ascended to international prominence. The success of Korean chaebol firms seems to be…