This study attempts to explore the causal relationship between renewable and non-
renewable electricity consumption, output and carbon dioxide (CO 2) emissions for 10 …

Since the seminal contribution of N. Gregory Mankiw, David Romer and David N. Weil in
1992 the growth empirics literature has used increasingly sophisticated methods to select …

In the wake of the global financial crisis, several macroeconomic contributions have
highlighted the risks of excessive credit expansion. In particular, too much finance can have …

In this paper, we describe the regime shifts in the volatility dynamics by a threshold model,
while volatility follows a GARCH process within each regime. This model can be viewed as a …

The paper aims to bridge the gap between the literature on optimal capital structure and the
literature on finance-output-growth nexus. On the basis of the trade-off theory of capital …

Many studies employ non-linear models to explain or forecast the exchange rate and find
their superiority. This article builds an exchange rate model of managed float under …

Price stability is one of the main policy objectives that is targeted by policymakers in many
countries. Price uncertainty occurs due to the changes in market structure and consumer …

This paper examines the impact of offshoring on labour elasticities for a sample of 40
countries over the period 1995-2009 using the recently compiled World Input-Output …

This paper evaluates the effects of public expenditures on sovereign bond spreads in
emerging market countries. Specifically, the paper explores empirically how country risk, as …

Since the earliest days of macroeconometric analysis, researchers have been concerned
about the appropriateness of the assumption that model parameters remain constant over …