Journal of Economic Studies: Volume 39 Issue 3

Federal Reserve forecasts of nonfarm payroll employment across different political regimes

Hamid Baghestani, Barry Poulson

This study is motivated by the view that Democrats are concerned with reducing unemployment in the short‐run, while Republicans are concerned with keeping inflation low to promote…

Taking care of your own: ethnic and religious heterogeneity and income inequality

Oguzhan C. Dincer, Peter J. Lambert

The purpose of this paper is to investigate the relationships between measures of ethnic and religious heterogeneity on the one hand and measures of inequality and redistribution…

Exploring Egypt‐China bilateral trade: dynamics and prospects

Assem Reda Abu Hatab, Nada Abdelhamed Shoumann, Huo Xuexi

Bilateral trade between Egypt and China has expanded substantially in recent years. Few studies however have focused on the understanding of this trade relationship. The purpose…

Tax‐spend nexus in Greece: are there asymmetries?

Nicholas Apergis, James E. Payne, James W. Saunoris

The purpose of this paper is to examine the possibility of asymmetries in the budgetary adjustment process.

The present value model and Thailand's current account balance

Ahmad Zubaidi Baharumshah, Hamizun Bin Ismail

The purpose of this paper is to determine whether current account imbalances – surpluses or deficits – are “excessive” and hence constitute a valid concern. The second objective…

Is China compatible with ASEAN‐5? A gradual cointegration analysis

Hway‐Boon Ong, Muzafar Shah Habibullah

The purpose of this paper to examine if there is continuous macroeconomic compatibility between ASEAN‐5 and China. Thus, in addition to the typical VECM test of the long run…

Asymmetric interaction between government spending and terms of trade volatility: New evidence from hidden cointegration technique

Abdulnasser Hatemi‐J, Manuchehr Irandoust

In the literature on the effects of economic globalization, the compensation hypothesis suggests that there is a positive link between government size and external risk as…