Research ArticleOpen accessIn the abstractAn Investigation of Causality between Advertising and Operating Activity: Macro and Micro Evidence from JapanKosei FukudaThe relationship between advertising and operating activity is one of the topical issues in marketing and economic research. However, micro data have not been analyzed. In this paper, causality between them is empirically examined by using macro and micro data and applying four models-conventional Vector Autoregressive (VAR) model, vector error correction model, homogeneous parameter panel VAR model and heterogeneous parameter … …American Journal of Economics and Business Administration, Vol. 7, Issue 1 · 29 May 2015 · 6,469 accessesView PDFCite
Research ArticleOpen accessIn the abstractInflation and Financial Development: EvidenceEmmanuel Nii AbbeyThe study examined the impact of inflation on financial development in Ghana using quarterly time series data (1990-2008). It was in line with the empirical works that provided support for the proposition that inflation affects financial development negatively. While price stability has been emphasized in the literature to be the best antidote in addressing the problem, recent evidence of disagreements … …American Journal of Economics and Business Administration, Vol. 4, Issue 4 · 6 Jul 2013 · 7,912 accessesView PDFCite
Research ArticleOpen accessIn the abstractThe Potentialof Renewable Energy: Using The Environmental Kuznets Curve ModelJamalludin Sulaiman, Azlinda Azman, Behnaz SabooriThis study examines the potential of Renewable Energy Sources (RES) in reducing the impact of carbon emission in Malaysia and the Greenhouse Gas (GHG) emissions, which leads to global warming. Using the Environmental Kuznets Curve (EKC) hypothesis, this study analyses the impact of electricity generated using RES on the environment and trade openness for the period 1980-2009. Using the Autoregressive … …American Journal of Environmental Sciences, Vol. 9, Issue 2 · 13 Mar 2013 · 14,772 accessesView PDFCite
Research ArticleOpen accessIn the abstractStock Market Development and Economic Growth an Empirical AnalysisVazakidis Athanasios, Adamopoulos AntoniosThis study investigated the causal relationship between stock market development and economic growth for Greece for the period 1978-2007 using a Vector Error Correction Model (VECM). Questions were raised whether stock market development causes economic growth taking into account the negative effect of interest rate on stock market development. The purpose of this study was to investigate the short-run and … …American Journal of Economics and Business Administration, Vol. 4, Issue 2 · 12 Jun 2012 · 13,859 accessesView PDFCite
Research ArticleOpen accessIn the abstractCredit Market Development and Economic Growth an Empirical Analysis for United KingdomAthanasios Vazakidis, Antonios AdamopoulosProblem statement: This study investigated the causal relationship between credit market development and economic growth for UK for the period 1975-2007 using a Vector Error Correction Model (VECM). Questions were raised whether economic growth spurs credit market development taking into account the negative effect of inflation rate on credit market development. This study aimed to investigate the short-run and the … …American Journal of Economics and Business Administration, Vol. 3, Issue 3 · 29 Nov 2011 · 7,238 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Causal Relationship between Financial Market Development and Economic GrowthAthanasios Vazakidis, Antonios AdamopoulosProblem statement: This study investigated the causal relationship between financial market development and economic growth for United Kingdom for the period 1965-2007 using a Vector Error Correction Model (VECM). Questions were raised whether financial market development causes economic growth or reversely taking into account the negative effect of interest rate. The objective of this study was to examine the causal … …American Journal of Applied Sciences, Vol. 7, Issue 4 · 30 Apr 2010 · 7,678 accessesView PDFCite
Research ArticleOpen accessIn the abstractAsymmetry Effect of Inflation on Inflation Uncertainty in Iran: Using from EGARCH Model, 1959-2009Dahmardeh Nazar, Pourshahabi Farshid, Khani Zade Amiri MojtabaProblem statement: In this study, we tried to examine the relationship between inflation and inflation uncertainty in Iran, because of considerable variation in its inflation rate. Approach: Inflation uncertainty is the major cost of high inflation that can influence the decision making of economic agents. Results: This study constructed a time series of seasonally inflation uncertainty in Iran from 1959-2009 … …American Journal of Applied Sciences, Vol. 7, Issue 4 · 30 Apr 2010 · 7,679 accessesView PDFCite
Research ArticleOpen accessIn the abstractStock Market Development and Economic GrowthAthanasios Vazakidis, Antonios AdamopoulosProblem statement: This study investigated the causal relationship between stock market development and economic growth for France for the period 1965-2007 using a Vector Error Correction Model (VECM). Questions were raised whether stock market development causes economic growth or reversely taking into account the negative effect of interest rate. Stock market development is estimated by the general stock market index. … …American Journal of Applied Sciences, Vol. 6, Issue 11 · 30 Nov 2009 · 8,361 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Bound Test Approach to Cointegration of Tourism DemandFateh Habibi, Khalid Abdul RahimProblem statement: Given the high contribution of tourism industry in the Malaysian economy, Malaysia has a vast view to increase its market share of the international tourist arrivals in the Asia Pacific region. Therefore, this study attempts to investigate the long run and short run demand for tourism from top ten markets (country). Approach: To accomplish this objective the ARDL … …American Journal of Applied Sciences, Vol. 6, Issue 11 · 30 Nov 2009 · 7,217 accessesView PDFCite
Research ArticleOpen accessIn the abstractBudget Deficits and Current Account Deficits in the Philippines: A Casual Relationship?Mosayeb Pahlavani, Ali Salman SalehProblem statement: The problem of budget deficits and current account imbalances has attracted serious consideration from academics and policy-makers in both developed and developing countries. The question is whether such relationships between budget deficits and current account deficits exist in the case of Philippines. Approach: The purpose of this study was to test the validity of the Keynesian proposition and … …American Journal of Applied Sciences, Vol. 6, Issue 8 · 31 Aug 2009 · 8,078 accessesView PDFCite