Journal of Economic Studies: Volume 45 Issue 6

Production, infrastructure, bribery decisions, and corruption control: A dynamic analysis applied to the case of China

Ruohan Wu, Yuexing Lan

The purpose of this paper is to study the reasons and decision-making processes of heterogeneous firms’ bribery behavior, and how they will affect an aggregate economy’s…

Elections and externalities of health expenditures: Spatial patterns and opportunism in the local budget allocation

Jorge Leandro Delconte Ferreira, Alexandre Florindo Alves, Emilie Caldeira

The purpose of this paper is to examine the determinants of local public health expenditure in a decentralized health system, taking into account the electoral calendar and the…

Exchange rate fluctuations and firm value: impact of global financial crisis

Ekta Sikarwar

The purpose of this paper is to examine the presence of exchange rate exposure and its relationship with currency derivatives usage in the dynamic environment of the global…

Central bank transparency, inflation targeting and monetary policy: a panel data approach

Gabriel Caldas Montes, Cristiane Gea

The evidence concerning the effects of the inflation targeting (IT) regime as well as greater central bank transparency on monetary policy interest rates is not conclusive, and…

Organizational-level profitability determinants in commercial banks: Swedish evidence

Peter Öhman, Darush Yazdanfar

The purpose of this paper is to examine organizational-level determinants of commercial bank profitability.

Interactive effects of human capital in finance–economic growth nexus in Sub-Saharan Africa

Muazu Ibrahim

The purpose of this paper is to examine the interactive effect of human capital in financial development–economic growth nexus. Relative to the quantity-based measure of enrolment…

The existence of a stable money multiplier in the small open economy of Kazakhstan

Razzaque Hamza Bhatti, Muhammad Junaid Khawaja

The purpose of this paper is to examine whether a long-run stable money multiplier exists in Kazakhstan. It also investigates whether different episodes of currency shocks…

Implementing globally desirable intellectual property rights in the emerging South

Darong Dai

The purpose of this paper is to use a variety-expanding growth model embedded in the North–South framework to study the implementation of globally desirable protection of…

Assessing the effects of exchange rate depreciation on the US economy: Evidence from a factor-augmented VAR model

Wei Sun, Gil Kim

The purpose of this paper is to examine the effects of exchange rate shock on the broad spectrum of the US economy using a factor-augmented VAR model (FAVAR).

Resource misallocation and production inefficiency: Estimating cross-country differences in macroeconomic performance

Manuel Salas-Velasco

Recent studies have linked differences in aggregate productivity to misallocation of resources across firms. In contrast, the purpose of this paper is to study the macroeconomic…

Investor confidence and mutual fund performance in emerging markets: Insights from India and Pakistan

Ann-Ngoc Nguyen, Muhammad Sadiq Shahid, David Kernohan

The purpose of this paper is to investigate the impact of investor confidence on mutual fund performance in two relatively vulnerable but leading emerging markets, India and…